Business news live from singapore. Raising taxes. Its rarely a popular decision but thats what singapore is expected to do when it announces the 2018 budget later today. And cambodia grapples with how to provide enough Affordable Housing to a fast growing population. Its monday, everyone. Good morning, asia. Hello, world. Glad you could enjoy enjoin us for another exciting week on Asia Business report, im rico hizon. In singapore taxes are the focus when the citystate announces its new budget. The government has flagged it will need to increase tax revenues as spending on healthcare and infrastructure is expected to rapidly rise. One possible idea, attacks on e commerce, which would make singapore among the first in asia to do so. Earlier i spoke with amy from ernst and young and i asked her if were likely to see tax increases. Really its what the government has been messaging up to today. Theres increased need for our social spending with an increasing and fast ageing population. What
For yet another deadly mass shooting as new details emerge about the man who opened fire inside a crowded lafayette, louisiana Movie Theater killing two women before turning that gun on himself. This was slow and methodical. It was barbaric. Reporter 59yearold john houser sat near the top of the movie room, then waited till the movie got underway and then opened fire. Lucas was never 6 feet away from the shooter. You could see the flash coming from the chamber. It was awful. Reporter 21yearold mayci breaux and 33yearold Jillian Johnson were killed and nine others injured. One of the surviving wounded victims played dead to stay alive. Reporter witnesses say houser exited through a side door and reloaded his gun just as police were arriving. He ran back inside, fired several more shots, then took his own life. In 2008 housers family had him involuntarily committed in of Mental Health issues. That should have stopped him from buying a weapon. Reporter police have confirmed housers automa
Commerce, this wasnt a crime scene or a situation of high alert. A former reporter from the same tv station seemed to casually walk up and begin shooting. The tv crew camera caught this image of the shooter, now known to be 41yearold vestor flanagan. Tkvu has chosen not to air video from the attack or images recorded by flanagan who was also holding a camera when he shot and killed 24yearold Allison Parker and 27yearold photographer adam ward. The other woman being interviewed, vicky gardener was shot and in stable condition. Flanagan was known as Bryce Williams on air, fired more than 2 years ago from the tv station in virginia. Soon after the shooting, Police Believe flanagan switch cars at a Regional Airport and was spotted by state police. He eventually ran off the road on interstate 66, and shot himself. Flanagan died at a local hospital this afternoon. The Franklin County sheriff said they are investigating why and how flanagan targeted this particular cruise. That is a question
At 1. 1764. The ifo index was at record highs in august, but we saw that preelection dip to 115. 2 in september. We were expected to stay around those levels but we got a stronger showing than what we had anticipated. If we look at the german ifo conditions, a forecast of 123. 8. And the ifo expectations index, 119. 1 versus a forecast of 107 this all beating expectations. Annette is in frankfurt with instant analysis this is all fairly strong data a day ahead of this crucial meeting from the ecb that would in a way justify tapering, wouldnt it . Of course in looking at the German Economy, tapering is justified if we would set the Monetary Policy for germany, i think we had taper quite for a long time already. Let me run you through what were hearing from the ifo institute. I think all the insecurities surrounding the outcome of the german election has gone people are investing people are optimistic about the future the expectation component is always very important. And that this has
Nasdaq climbing. 85 . Led by netflix and dominos, both of which exploded after monster earnings. We have to ask ourselves, is there something going on here rather than just random companies doing well. What is netflix . But a company who offers you competitive inhome Entertainment Experience who many feel trumps going it a movie theater. Netflix produces long firm movies and shows you need to binge to get the full story. You binge at home. What is dominos . But the ultimate eat at Home Experience where you dont even have to call them. You can go online using their amazing website and order a pizza your way without ever having to talk to another human being. Something that the millennials absolutely love. Hallelujah because there is nothing they hate more except talking to their parents. You can go to the apple watch, no cash necessary. Lets order. What can we help you with . Dominos pizza, no cheese. These companies changed our habits and most importantly they have become essential to