in singapore. give you somenny numbers. 30,000 or so taxis in singapore .n that is the key to increasing the supply in singapore in terms of the numbers. for our business we are targeting the 600,000 private car drivers. that is an untapped supply. rishaad: i have a little app that goes off saying someone wants a lift. how do i make money from that? >> in singapore you can actually defray the cost of the trip. you can profit from the carpool. you can defray the costs. it allows to trips per day. our apple actually match you with a rider or a driver is going the same way as you are. you can split the cost of the trip. you can also make a friend and most importantly a safe environment. rishaad: the social good here. that is what you're trying to do. but that brings us onto another issue. you have insurance applications. >> right now there is no application on insurance. what you're actually doing is to give someone a lift along the way not for hire or reward. essentially it is just like giving a frie

singapore in the red. the disappointing numbers, domestic exports dropping close to 10%, far worse than what we expected. the oil and gas space is suffering the most today. one andtor is down by 7/10 of 1%. the asia-pacific gauge down by 3/10 of 1%. we spoke about some of the biggest movers today. softbank is moving up for a second day. exuberance,of that the share buyback plan. we talked about woodside. domino's pizza, better than expected results. that is one of the movers to the upside in sydney. the people's bank of china weakening by the most since january 7, so we are seeing some weakness when it comes to growth on short and offshore. this is the offshore yen. weakening by just about 2/10 of 1%. in terms of the picture when it comes to crude, we are seeing a little bit of a recovery, a rebound, if you well. upside,ading to the after plunging a most 4%. barrel.ing under $30 a thank you for that. let's stay with oil because -- it does not eased concerns about the global glut. in our bloomberg news ener

there is plenty more to come from the singapore airshow. in one hour, we hear from the head of sales of bombardier. a little later, we speak to his counterpart from gulfstream. stay with us for that. headliness making around the world, at least seven people were killed and dozens injured in a missile attack on a children's hospital in syria. five patients, a caretaker and a guide died. several staff members and other patients are missing. there is no word on who carried out the attack, but russian warplanes have been blamed. the u.n. says raids across syria killed 50 on monday. saudi arabia has indicated it may send ground troops to syria and has already deployed warplanes there. it is hosting what is called the largest and most important military exercises in the region. 20 nations are taking part in air, sea, and land attacks, which are expected to last 18 days. they are attacking shia rebels in yemen. pro-democracy groups have demonstrated outside the venue of the first-ever talks in the u.s.. 1960's andded in the is the center of americ

. >> well, singapore is the most religiously diverse nation in the world. we have every major religion, the largest one-third of the population. we have every major religion that is at conflict with another globally. within our 720 square kilometers. for us, multiculturalism, multireligious compact has been part of our identity. and part of the rules of the game from the time we became a country, because if we didn't have it, we wouldn't have survived. we would never have survived. but we are not immune. and we are now having to work harder than ever before. to preserve that compact. to keep that spirit of peace, tolerance and more than peace and tolerance, that spirit of respect, that wanting to engage with each other in day-to-day life. the problem will be with us for a long time to come. i think we can't be wide-eyed about this. it will be with us because even with the vast majority of muslims in our region, not just in singapore but in our region, with the vast majority finding terrorism abhorrent and wanting to live in a multicultural context. even wit

another day at the singapore airshow. the stories making headlines. the u.s. says commercial satellite images appear to support claims that beijing has to put missiles on a disputed island in the south china sea. also claimed by taiwan and vietnam. at least 28 people have been killed in an explosion. contraryk targeted a -- a convoy of military vehicle stopped at a traffic light. turkey will find those responsible and step up the fight against terrorism. launched aompany has smart phone set to be the world's cheapest. display four inch color and two cameras. the indian cellular association is asking how that is possible. journalistsver 2400 in 150 journalists -- bureaus around the world. slowingow china's economy could weigh in on the airplane leasing market. ♪ shery: welcome back. australia's unemployment numbers got a reality check this morning after months of scarcely believable job growth, let's get over to paul allen for more. once again, the jobs data pretty confusing and astounding everyone. paul: we would be disappointed if january were any different

singapore will welcome the year of the monkey into a sluggish economy. consumer prices falling for a 14th straight month. all of the gloom is not enough to keep down the prices of good baue pork. checks out this unique economic indicator. linda: i am here at one of the most popular pork places in singapore. just how popular? take a look around. queues you are seeing here have been here for at least four hours to secure their share of pork. there are those who have been queuing up who bought $8,000 worth of the bak-kwa. it? exactly is it is the chinese version of beef jerky made with pork. pieces,aramelized pork which has become increasingly popular during the lunar new year festivities. they are consumed and gifted in huge amounts. understandably, during this period, prices soar. bloomberg has been tracking the prices for years now. there is a bloomberg index. let me show you. even though singapore's overall consumer prices have dropped, bak-kwa has surged, prompting sellers to draft -- to jack up rice's the most in years. kwa is no monkey business. you

air forces in the region greeting staff at the singapore air show >> i can't tell you how much it means to me to see all this joint air power and being what we're doing as team america and being out here to show our commitment. >> reporter: part of that show of strength in the region is this jet, one of the most sophisticated aircrafts in the states. >> whether it's singapore, the philippines all over the asia-pacific we're able to pretty easily within a short amount of time put one of our jets there and operate out of that region and support our regional allies. >> reporter: the philippines is a long time u.s. ally has taken its territorial dispute with china to the hague. it has announced it will be buying nearly 100 million dollars of equipment to boost maritime security. if the situation in the south china sea continues on this track of heightened tension, the region could remain one of the defense industries dream markets for years to come >>> thousands of people have gathered in kosovo's capital asking for the governor to resign. it marked eight years from independence of serbia.

. >> reporter: i am scott heidler in singapore, coming up we'll tell you how territorial questions are prompting a rapid military buildup. >>> the turkish president has vowed a bombing in the capital city will only strengthen the country's resolve. erdogan is promising retaliation saying the fight will go on on what he called pawns carrying out such attack, 28 people were killed by probably a car bomb used against milt terry buses. zeina khodr reports. >> reporter: the heart of turkey's capital. rock booed a massive explosion -- rocked by a months i have explosion and only four months after a deadly bomb attack in the city. the governor said this blast had been caused by a bomb. the attack happened on a convoy of military buses at a stoplight. they were headed to the parliament. security officials have said that the initial signs indicate the outlawed kurdistan workers party or p.k.k. is behind the attack. >> translator: the purpose of this attack is to intimidate our country and to inflict fear on our citizens mind. our citizens should be united because the terrorists are aiming to ha

. >> reporter: i'm in singapore. coming up we will tell you how territorial dispute in the south china sea are prompting a rapid military build-up-- rapid military build-up. >>> welcome back. let's remind you of the top stories. turkey's presidential is vowing retaliation after a car bombing in the capital. a military convoy was hit close to parliament. at least 28 people were killed and 61 wounded. the u.n. says aid is being distributed in some besieged areas in syria. trucks carrying food, water and medicine to nearly 100,000 people reached villages and towns on wednesday. ugandans head to the polling booth to cast their votes. the president is seeking another term to extend his 30-year rule. u.s. secretary of state john kerry says increasing evidence of militarization of by china in the south china sea is a serious concern. beijing is downplaying reports it has deployed surface to air missiles to the contested island. kerry says there will be more talks with china in the coming days. several countries lay claim to

looking at soul in singapore -- singapore, last time i checked, it was lower. that is it for the tuesday edition of trending business. ♪ >> from our studios in new york city, this is charlie rose. charlie: joining me is matthew dowd from abc news. from washington, kerley -- carol lee from wall street studio. and out on from washington -- from bloomberg. i am pleased to have all of you on this program. other any consequences coming out of what happened last night with donald trump? al: the conventional wisdom is the donald trump did well, was shrewd, smart. well i think we have a three-way

andrew stevens reporting there live from the singapore air show. many thanks. >>> next here on "cnn newsroom," their last concert in paris ended in tragedy when terrorists stormed the theater. now this american band returns for an emotional and triumphant show. do stay with us. the internet of things. what we're recommending as your consultants... the new consultants are here. it's not just big data, its bigger data. we're beta testing the new wearable interface... ♪ xerox believes finding the right solution shouldn't be so much work. by engineering a better way for people, process and technology to work together. work can work better. with xerox. this is not a job for me, thbeing a part of helping thpeople in need is who i am. working at brookdale for me is not just a job, it's a life for me. i love it. i formed many connections with the residents. i feel like i am part of their family and they're part of mine. if you can get up in the morning, ya know, shake the dust and go up there and make somebody happy, when i go to sleep, i did my job. joi

joining us from singapore, home of dbs. zeb eckert is having a look at change at the top in beijing. there is a new man in the top job at china's national security regulator. the latest fallout from the $5 trillion stock route. the man who oversaw the regulatory response to that, the former take of china head, was removed from his post according to the news agency. to -- it reverberated throughout financial globe markets. crsc ischairman of the the former agricultural bank of china leader. yahoo! willhat approach private and public equity investors as it seeks bidders for it for business. -- its poor business. interested at&t are as well as banks like kkr and gdp. yahoo! revealed last friday it is exploring strategic options as it works to transform its challenge to business on rising pressures from investors. shares are down 10%, and with market values at $28 billion on friday. industry --still steel industry is facing declines, bluescope is cost cost-cutting. plunging commodity prices and uncertain global outlook have hur

shery: thanks a lot for your time, richard jerram of the bank of singapore. other stories making headlines -- taiwan has ended the search for victims of last week's earthquake. all but two of the dead were found in the 17-story golden dragon apartment complex, which collapsed in the quake. the developer and architects have been arrested on suspicion of negligent homicide. that followed accusations that corners were cut during construction. tona has called on the u.s. formally end 76 years of hostility towards north korea in the hope of persuading kim jong-un to give up nuclear weapons. inarmistice was agreed to 1963. the head of china's foreign affairs committee said beijing is annoyed about kim's nuclear program but is more concerned about america's response. maritime security in the south china sea is expected to be on the agenda as asian leaders will meet with president obama and california later today. the philippine president intends to press the issue to stress the need for freedom of navigation. manila has filed a case questioning china's right to the

just quickly on asia, singapore reopening today. i had thought given the size of declines we'd seen in the likes of japan in terms of what was open yesterday that when other markets opened around asia, we might see sharper falls. the fact they haven't is a little bit reassuring. of course, china still closed itself. that's a big one to watch. >> still an air of caution but perhaps not the magnitude. >> let's also have a look at commodity prices this morning. late yesterday, the api reported crude inventories rose less than expected in the most recent week. there we got oil prices for you up 2% for wti, 28.5. brent around 31. also a look at gold prices. >> of course, we're watching markets into janet yellen's testimony before the house financial services committee. let's show you what the markets are doing ahead of that testimony. the dollar had been weakening. now the euro is stepping back a bit. not huge moves ahead of janet yellen. keeping a close eye on that dollar-yen in the middle. it's below 115. what that tells you is it's a

tsonga --one billion singapore dollars in profits. gain fromne-time selling its property investment by the way, 100 million u.s. dollars . those are the numbers. the balance sheet is healthy even though the slowdown in china is creating headwind. rivals you kobe -- uob, they are facing nonperforming loans. that would set aside more money to question bad loans. they can't get again from highest interest rates. the last of the three singapore banks to report earnings, if you remember, uob also reported higher upl's. 54% in the same period. in the market, singapore banks will stay vulnerable. they will be exposed weaknesses both at home and overseas. often rated one of the safest banks, what are the prospects for a lender? haslinda: if you look at the stocks, they are not doing so well, they have not been. some of the markets say the slump you have seen is prices are overdone. they are down 18% today, double kobe ss of ocbc and you --uob. it was toppled by an indonesian bank. thes benefiting from protection in indonesia, rejecting it fro

. >> but some neighboring countries, particularly singapo singapore, are not enthusiastic. many tankers passing through, mainly to switch cargos, shipping accounts for 7% of singapore's gdp, this expert spells out the concerns. >> the concern on how it will impact singapore's economy. if the canal is built, essentially the bulk of the maritime traffic that passes through will deviate and use the canal as business is going to shift towards thailand in this case, and thailand will become the new maritime hub so to speak. >> it's clear that thailand would benefit greatly from the canal. government officials seem to be carefully assessing these benefits. as well as the cost and the risks. including a position from the country's neighbors. nhk world, bangkok. >>> people in tokyo are seeing sunny blue skies this morning, and it's warming up out there. meteorologist robert speta joins us with the weekend weather forecast. >> yes, we are going to be looking at definitely some improving conditions across most of japan. we have an area of low pressure, developing here over towards ea

a report on the industry that is take itting off at the shinning important air show-- singapore air show >>> allegations of vote rigging and the arrest of the main opposition leaders have marred elections in uganda. police briefly detained presidential candidate besigye as he tried to show rigging votes. >> reporter: all over the capital people came early to vote. across the country polling in most stations preceded-- proceeded peacefully. besigye took us to a house that was rigging. >> in terms of the materials, right now we have seen ballot boxes being thrown over the fence. when they knocked on the gate some people inside ran away and they were found armed. police arrived and gained access inside the house. it was a private home. the police later said the access was barred because it was a crime intelligence facility. besigye was detained and taken to his home for the third time this week. the ruling party is trying to provoke police and cause disruptions. meanwhile, incumbent president museveni has been in power for 30 years and wants five more. >> there will be no violence. the pres

a big operation here in singapore. a big operation in beijing. we are committed to the region we want to grow here. haslinda: committed to the region, but you are going to face increasing competition. i know you love competition, but china's come back as well as japan's mitsubishi aircraft trying to get into the space you are in. you have dominated this for a long time, but competition is heating up. john: those competitors bookend where we are. mrj is at the low end. our view on competition is we take them all seriously whether they come from russia, japan, or china. there is no arrogance or hubris in embraer when we think about our competitors. what we can do to address the competition is try to improve our offering on a consistent basis. haslinda: congratulations on the orders. amounting to about $1 billion. yugo: thank you very much. haslinda: so your orders so far from japan, the u.s. -- how about the rest of asia? what are you doing to gain? yugo: asia is the most expanding region, and we are doing our best to sell mrj in this region, and w

. >> reporter: i'm in singapore. coming up we will tell you how territorial dispute in the south china sea are prompting a rapid military build-up-- rapid military build-up.

. >> singapore 2002. 6 and a half tons of ivory seized. the largest in the country's history. roughly 650 elephants were killed for this haul of ivory. but where in africa did the ivory originate from? they assume this much ivory must come from multiple sources. authorities send the sample to wasser's lab for analysis. >> right now from anywhere in africa, we can assign a seizure of ivory closer than 300 kilometers to where it came. >> wasser and his team get to work. the first step is to prepare samples of seized ivory. >> we cut off a piece of the ivory, and then we stick that piece inside a plastic tube with a magnet and stainless steel plugs on the end, we drop that it in liquid nitrogen which cools it to minus 240 degrees celsius. so, extremely cold. within 3 minutes it comes out like baby powder. >> so it actually just pulverizes it? it pulverizes the ivory and it preserves the dna at the same time. that was one of the biggest breakthroughs of our lab. >> the elephant dna from the ivory powder seized in singapore is extracted and analyzed in wasser's lab. the dna from th

we had futures in singapore pointing to a higher open. that is consistent with what we have seen in chicago. that weaker japanese yen of course is going to help bolster things for exporters, but of course this -1.4% gdp figure is really a concern. more whv ♪ angie: disappointing data, japan's gdp comes than worse than expected, has abenomics ultimately failed? asia extends friday's global rebound as china returns from holiday, the yen is maintaining its klein. london calling -- hsbc says it will stay based in the u.k. with asia remaining at the heart of the strategy. welcome to "first up." we are coming to you live from our asian headquarters in hong kong. let's get straight to the markets. here we go -- australian equities are climbing about 1% higher than -- higher. we also have a stronger australian dollar at $.71. the nikkei to under 25 left -- last 12.5% last week. they have been poised to pop at the open both in chicago and singapore futures predicting that. that is what we have come close to 2% higher despite that disappointing g

a senior executive has been at singapore airshow. the company is displaying its all-new aircraft which, after a long delay, is scheduled to enter service in the coming year. only asian customer with a firm order is korean. all of that coming up on "trending business." ♪ shery: good morning. it is tuesday, february 16. i am shery ahn and this is "trending business." we will be live in singapore, sydney and tokyo. first, here is what we are watching this morning. oil makes a headline today with saudi arabia and russia set to meet to discuss prices and production. hase is back above $30, but -- down about 17%. ready to dig deep to support

>> whether it's singapore or the philippines, you can within a short amount of time we with put a jet there and support our regional allies >> reporter: the philippines has taken its territorial dispute with china to the hague. it announced it is buying $100 million dollars of equipment to boost maritime security. if the situation in the south china sea continues, the region could remain one of the defense industries dream markets for years to come. >> reporter: we're going to speak with the asia bureau chief of defense. tell us more. when we look at the militarization particularly with china and this move by them to locate missiles there, what does it do to the tensions in the south china sea? >> it frustrates the neighbors who have claims on those islands and also frustrates the americans as well because there

david will be first on bloomberg at 10:15 hong kong singapore time. you are watching. ♪ welcome back. china's banks have spent decades trying to expand their reach in asia. but they have had a hard time competing with rivals. what does this mean? reporter: some of the top ones, icbc, for example, have spent billions. when i mean billions, i mean more than $16 billion. they have been acquiring players like indonesian banks to grow in the asian region, but they are still struggling against the bigger players. a company called eastern partners did a survey looking at 848 companies to see the relationship between asian companies and chinese banks and chinese companies and chinese banks. if you look at the chart on a trade finance only 14% of asian directes that have working relationships with chinese banks, compared with the chinese banks in the orange column, they far exceed the blue column. it has to be said that they look something like 92 chinese banks compared with 848 asian companies. in this area, it seems like there is still quite a bit of -- qu

the united states frequently flies them over disputed territory. >> whether it's singapore the philippines all over asia pacific, we can pretty easily within the short span of time, put one of our jets there and support our regional allies. >> the philippines, a long time united states ally has taken its dispute with china to the hague. it's buying $100 million of military equipment to boost their security. the region could remain one of the defense industry's dream marts for years to come -- markets for years to come. and antonio it's really yes supporting the u.s. allies in the region but it's also about commerce, it's also about money. the waters where the disputed territories are, $5 billion in trade go up and down, that's part of the reason the united states wants to make sure there's freedom of navigation there, antonio. >> talking about those u.s. allies scott it's thought just china and the u.s. who are increasing their military presence in the region. >> reporter: no, it's not antonio, and obviously they're probably doing some shopping at the singapore air show because there's a b

like i never got to go into the high flyer before and here we are seeing all of singapore. i fly at the front of the airplane now. drive a nice car. live in saint kilde. it's a modest apartment but the money hasn't really changed. i love fishing. i wish the fish knew how much money was in my bank account but they don't. i don't catch any more. haslinda: isn't a cliche to say money does not matter when you already have money? ruslan: when you look at business people around the world, like steve jobs kept going up until he had a few weeks left. why? because he wanted the money? what is richard branson turning up to work at the moment? because he really wants the money? why is rupert murdoch working? because he really wants the money? i could have whatever i want. my kids will never have to work a day in their life and their kids and their kids. you get addicted to the game and you love the challenge. and entrepreneurs create all the products and services that enhance our lives. and they thrive on competition. that is what makes me jump out of bed in the morning. haslinda: spe

dan murphy is in singapore. he joins us this morning to give us a run-through pipe don't think we've met before, dan. good to meet you. >> good to meet you as well, louisa. thank you for having me. as you were flagging really interesting moves through the asian markets. the nikkei is definitely the focus. the core focus, the dropping 1.4% in year in q-4. but the nikkei outperformed rallied 7.71%. the index finishing at 16,022. today, the prime minister shinzo abe said he'll take appropriate action on fx as needed that makes it the best performer in japan today. the index, if you take a deep look into what drove the index higher, it was the banking space. top exports, toyota nissan and honda helping to move it higher. and louisa, we saw chinese markets resuming trade art chinese lunar holiday. the core focus of the day was in data as well. saw indexes falling in january but that bad news was good news for markets more broadly. the hang seng actually closing up 3.23%. the shanghai comp modest losses losing 16 poin

the singapore airshow has heard warnings that some carriers may delay deliveries. expect chineseus airlines to spend a trillion dollars on planes during the next two decades. we have has linda on me at the at the haslinda amin show for us. they are confident despite the slowdown? >> totally. it is not just -- expected to accelerate. take a look at the numbers. it is expected to order more in two decades. 980 $8 billion worth, which is double the value of singapore's gdp. we are expecting phenomenal growth. to meet the demand, the government will build 66 new airports. it is looking pretty good. of the to the chief international transport association and he says the trend will continue. china,travel to and from the economy is reshaping itself and consumers are spending a bit more. we are not seeing china being a big factor at the moment. >> is the aviation sector better placed now than before? is cheap oil masking some of the issues? >> we need to keep it in perspective. it is still just a profit of $10 a passenger. southeast asia airlines making profits about five

rishaad: thank you very much indeed from the bank of singapore. the stories making headlines, voting in the nevada caucuses has just got underway. the fourth stop on the republican presidential primary journey, polls are showing billionaire donald trump in front of his rivals by a double-digit margin, large turnout expected at caucus sites throughout the state. trouble forpell florida senator marco rubio and texas senator ted cruz a nuclear defined by voter anger at establishment politicians. minister saysn beijing has the right to uphold its interests in the south china sea. he was speaking in washington after talks with john kerry dominated by territorial tensions and north korea's recent missile test. meeting, thetheir u.s. pacific forces commander told a hearing that beijing's deployment of missiles at 10 the south china sea into a motorized own. >> new radars on the reef over here, the runway, the 10,000 foot runway on the reef over here, and on fire across reef and other places, these are actions that are changing in my opinion the operation

the rates frequently flies them over disputed territory. >> whether it's singapore. the philippines, we were able to easily within the span of a short amount of time put a jet there and operate out of that region >>> the philippines, a long-time ally took its territorial dispute with china to the hague, and announced that it's buying 100 million of maritime. if the situation in the south china sea continues, the region could be one of the defense industries dream markets for years to come. >> scott heidler, al jazeera. signing pore. >> petrol prices have been raised from 2 to 94 u.s. cents a litre. it's the first increase in 20 years. part of president's emergency measures to save the country with the highest inflation rate in the world. virginia lopez reports. >> according to the state-run oil company, fuel subsidies can cost the country as much as $15 billion a year. president nicolas maduro says that at the counter prices the state was paying to fill up people's tax. >> this national fund for missions will receive every extra fund needed. gasoline 91 will cost one

a big operation here in singapore. a big operation in beijing. so we are committed to the region we want to grow here. haslinda: committed to the region, but you are going to face increasing competition. i know you love competition, but china's kovac as well as japan's mitsubishi aircraft trying to get into the space you are in. you have dominated this for a long time, but competition is heating up. >> in the case specifically of those two competitors, they book and where we are. mrj is at the low end. part of our view on competition is we take them all seriously whether they come from russia, japan, or china. there is no arrogance or hubris in embraer when we think about our competitors. what we can do to address the competition is try to improve our offering on a consistent basis. haslinda: congratulations on the orders. amounting to about $1 billion. yugo: thank you very much. we are very happy. haslinda: so your orders so far from japan, the u.s. -- how about the rest of asia? what are you doing to gain? >> we actually have one customer in as

he will not join us on the singapore flyer to tell us about his past, present, and ambitious future. ♪ haslinda: welcome to "high flyers." you have this big idea, this lightbulb moment while shopping for an lcd tv at age 23. what happened? happened while i was studying in miami a bit before that. i noticed all the local kids were buying everything online. they were buying it for much cheaper prices and the international students. we go to walmart to buy our stuff because that is what the university told us was the best marketing economy to scale. then i see they're buying things online for much cheaper. i realized that a small online retailer can operate with greater efficiency than a goliath like walmart. a few months or years later, i was searching and looking to buy an lcd tv. i saw that i could not afford one that -- they were really expensive at the time. i decided to contact some factories out of china. i told him i wanted to buy 100,000 tvs hoping they would give me a quote. then i would ask them for a sample, and i was going to be my tv. when they start a provided quote, i

@doesn't matter how far along @unprotected partners who have @recently been to south america @and singapore puts you at risk @for zika virus. @>> it's sexually transmitted, @because it's present in semen @condoms for the duration of the @pregnancy. @>> reporter: in rare cases, it @can lead to neurological @disorders, but like the first @ohio case, people shake it off. @>> 80% will not have symptoms. @the rest will have a mild @virus. @blood transfusions for people @infected would be a problem. @>> reporter: blood banks @eliminating donors who have @recently been to infected @areas. @the zika virus is completely @different from ebola, by the @way, which is easily @transmitted person-to-person. @in pennsylvania, they also saw @their first two confirmed @kaleses today of zika virus and @it is important to note closing @that the cdc reports no cases @of zika virus disease @transmission through mosquito @bites anywhere in the @continental u.s. @>> sounds like one of those @viruses we see time and time @again every few years. @we don't know a lot about it at @first, but as time comes out, @we lea

angie: we go back live now to the singapore airshow, where it is day one. we have had has haslinda amin there for a while, bringing together the great and the good of commercial, military aviation. has is there live. what is the mood like on day one? haslinda: absolutely blistering heat. the focus turns on defense, with rising tensions in the south china sea, and more recently in the korean peninsula. it is no surprise that their expectations made up their defense spending. have -- to give us insight. good to have you with us. given the rising tensions i just talked about, are you expecting that to translate to orders, or perhaps a fighter? >> well, this area has developing economies and the need for security. we think that over time will be alsotant, but [indiscernible] haslinda: do you see the governments here in asia willing to spend more on defense? what are you hearing? >> we hear they want to spend more on defense, more on security, [indiscernible] haslinda: so realistically, what are you looking for at this particular venue? >> at this show, we want

. >> reporter: i'm in singapore. coming up we will tell you how territorial disputes in the south china sea are prompting a rapid military build-up >>> and not going anywhere former government workers in zimbabwe say they will work on the streets until the state pays them their wages. she >>> >>> welcome back. let's key rap the head-- recap the headlines. turkey's military has launched air strikes against the p.k.k. strike. the president had promised retaliation for a bombing of a car killing at least 28 people. the u.n. says aid is being distributed in some besieged areas in syria. trucks carrying food, water and medicine to nearly 100,000 people reached people on thursday. ewe taliban dans head to the-- ugandans head to the polling booth. museveni is seeking to extend his term >>> u.s. secretary of state john kerry says increasing evidence of militarization by china in the south china sea is a serious concern. beijing is downplaying reports it has deployed surface to air missiles over the island. there will be more

al jazeera, singapore. >>> you can watch the full interview on al jazeera this saturday on talk to al jazeera at 04:30g.m.t. >>> lebanons prime will visit gulf states soon after an aid payment was canceled to the lebanese military. saudi arabia accuses lebanon of failing to back it in its on going dispute with regional rival, iran. one area saudi and iran found common ground is oil, proposing stabilizing oil prices languishing at 10 year lows. industry leaders are gathering in the home of oil, the accident, to see what other solutions can be found. >> the world's oil leaders all agree on one point, there's no hope for the quick fix for oil price. the international energy agency released to new forecast that said prices won't return to the $80 a barrel range until 2018. >> i think in 2016, we will see oil prices being week, but with 2017, we are seeing a balancing starting in the markets and 2017, 2018, rebound of the prices. >> the price of crude plunged for more than $145 a barrel from it's peak to 2008 to now, leading to 300,000 layoffs worldwide and something of a panic in the indu

that's at 1:00 hong kong-singapore time. i had start with the economic data moving the markets this week. david, let's start off with this budget. what are you looking at? we think the trade-off is right there on how prudent can fiscal policy be given those challenges that you have been talking about. there is a need to boost jobs, with pay the fact that rises coming through in india that there will be more of a challenge on how much investment from the public sector will be achieved while still keeping a relatively tight lid on how far the fiscal deficit goes. we think there is some risk of slippage, but i think it is something that gives the markets a bit more confidence, trying to do it they can to get the private sector back on track, and this was just mentioned, the nonperforming assets problem is one of the big ones to watch for. how quickly they can resolve it, and there resolving to do it fast, the net could encourage a bit more investment from the private sector, which has been lacking. indeed, there has to be help

shery: plus, conversations with highflying executives at the singapore airshow. it is all straight ahead on "bloomberg best." ♪ sherry: hello. i am shery ahn. welcome to "bloomberg best," a weekly look at the most important business news analysis, and interviews from bloomberg television around the world. let's begin with a day by day review of the week's top headlines. on monday, trading resumed in china following the lunar new year holiday amid new concerns over the stability of the yuan. >> a day of dramatic headlines with china dominating the news. the governor broke his long silence. what did he say? what was significant about it? enda: i would not call it officially new. he said we are not engaged in competitive currency devaluation. but the fact that he said at all is quite interesting. it should have some clarity for investors. he has got his key message out of it, that we are not going to push the currency down just to find export competitiveness. we do expect volatility along the way. we can only take him at his word, but there is a central message co

singapore's largest lender saw its interest margin jumped to a five-year high. lively go to our southeast asia reporter. kind of surprised -- kind of a surprise for the market. >> it is not surprising that shares are rising, maintaining their 1.5% upside. the benchmark up by less than half a percent. 20%.ofit up about 700 million u.s. dollars, that includes a one-time gain of about 100 million u.s. --sold a property investment the ceo says the company's finances are strong, the latest numbers cap a strong year, he said. the financial markets have created short-term uncertainty, fundamentalsn's are sound. loans, rivals have been setting aside more money to cushion rising loans. 20%.g at least the story right now, it is not too bad. economic weak environment in singapore and the rest of asia, something -- it is something to watch out for. angie: it is often rated one of the world's safest banks. analysts are pretty upbeat. oversold wherere they are right now. 30% cheaper than the average price generally. get pretty good dividends at about 4%. not a bad stock to ha

shery: plus, conversations with highflying executives at the singapore airshow. it is all straight ahead on "bloomberg best." ♪ hello. i am shery ahn. welcome to "bloomberg best," a weekly look at the most important business news , analysis, and interviews from bloomberg television around the world. let's begin with a day by day review of the week's top headlines. on monday, trading resumed in china following the lunar new year holiday amid new concerns over the stability of the yuan. >> a day of dramatic headlines with china dominating the news. the pboc governor broke his long silence. what did he say? what was significant about it? enda: i would not call it officially new. he said we are not engaged in competitive currency devaluation. but the fact that he said at all is quite interesting. it should have some clarity for investors. he has got his key message out of it, that we are not going to push the currency down just to find restore export competitiveness. we do expect volatility along the way. we can only take him at his word, but there is a central mes

alix: that was the chief executive of airbus from the singapore airshow. coming up, goals and negative rates. we will see why they have been one of the few beneficiaries. ♪ alix: welcome back. i am alix steel. gold has rebounded from the biggest drop since july. while it is still the best performing commodity this year, sees isischs actually dropping to $1000 an ounce. -- actually sees gold prices dropping to $1000 an ounce. >> we don't comment directly on goldman sachs research but we do take a more positive view. there is a number of things, sees isis dropping to $1000 anincluding ne that is in some countries and we think there will be an on risk aversion in the market going forward to support gold from an investment point of view. in we do have the recovery the estimate after a couple of years of steady drawdowns. alix: i have been covering gold for a long time. negativee had said interest rates then, we would have heard calls for i've thousand dollars. do you feel like the negative rate environment has been fully priced in? it will depend on how nega

monthly is in singapore. there is a lot of concerns out there. a small factore that has come together. we've been here before. that is really the some of the things we are looking at. driven, sentiment driven. now that by itself is not enough to say that markets are bottoming. but it exposes a lot of the weaknesses behind it. it comes back to one big thing. we still do not think that the u.s. recession is a done deal. should still start looking out therefore opportunities even if we are not jumping in with both hands just yet. europe and looking at china. and look at the weakness there. and the jobs report on friday is now on the u.s.. what is next for the economy? reporter: that is the single most important thing to look at. we know oil is a concern, china is a concern. interest rates are concerned. but the big one is the u.s. cycle. the u.s. cycle has further to go. returnuity markets could -- end up delivering cost of return. a've seen this complete with rare market in the late 1990's. we do have very sing -- similar parallels in history. if t

after nepal's constitution plus we will report on an industry that is taking off, we will be at the singapore air show. high flying san antonio spurs get their wings clipped in los angeles and joe is here with that and the rest of the news in about 20 minutes. ♪ welcome back, you are with the al jazeera news hour and my name is pete and top stories and a difficult situation could arise if the syrian president doesn't follow the lead on diplomacy and assad said his army will fight on until all rebels are defeated and talks continuing with russia, u.s. and several other countries on how to implement a ceasefire in syria. polls opened in some parts in uganda a day later after scheduled and ballots were not given and show the president is ahead and polling 62% and thousands of protesters are marching against south africa and racism and the ruling party anc is demanding urgent government action and follows several different racist incidents. going to the polls on sunday but it's at a time of heightened tensions and concerns about security and battling the armed group boko haram on its eastern bo

full-yearg its outlook, expecting revenue in singapore to grow in the low single digits. of australian telco subsidiary so profit rise over 9%. a dual listing for saudi aramco in return for extra investment. it along sideed saudi exchange in return for investments. that is according to people familiar with the matter. the proposal was made earlier this year, but no decision has been taken. this could make it one of the biggest companies in the world. that people who are familiar with the matter that thatronco is considering -- that are bronco is considering could raise $5 billion to $10 billion. thats made it clear reserves are not for sale. 16% of china's foreign oil, it's largest supplier in 2014. the chinese president visited riyadh last month. rishaad: we'll take a break and come back. india dismissing wild claims about the country's banking system. mumbai toding over to find out what he is saying to reassure investors. the yen stores. -- sewers. ars.oresd ♪ havead: japanese officials stepped up expressions of concerns about the soaring yen as it threats to cut expo

for more on that, let's get to dan murphy live in singapore with more. hi, dan. >> great to speak with you. clearly this afternoon big news out of the pboc. china's central bank announcing a series of measures aimed at more financial support to the nation's industrial sector. the pboc saying it does want to strengthen credit support by money supply and saying today that it's going to be using various tools to maintain adequate liquidity. this is interesting because we do know that there is already an agenda in place to clean up these so-called unproductive zombie firms over the next three years, at least according to existing reports. and this also follows on from additional reports that we've already seen just last month that chinese policymakers say they'll be using stock exchanges, property exchanges, and other capital markets to sell the assets of low-performing state-owned enterprises. so it's going to be particularly interesting to gauge the reaction to that when we see trade resume in asia. nevertheless, have a look at this. we saw green on screen