professor nancy baxter there from the university of melbourne. staying on the pandemic recovery, we heard from the chief executive who said that the travel industry cannot depend on vaccine passports but will need to consider traveler health and test results. he spoke about the return of business travel. >> to what extent business travel will contact -- return to the pre-covid level remains a big question. we think from talking to members from the industry assessment, it's probably going to have a structural change of maybe 20% less, 25% less. haslinda: coming up, the philippines capital is in lockdown as virus cases surge, we hear exclusively from the finance secretary about the economic impact. keep it here with us. this is bloomberg. ♪ rishaad: the finance secretary says the government is starting to sell dollar bonds before interest rates. we had an exclusive interview he spoke about measures to reduce debt and the impact of the lockdown on the country's capital on economic growth. >> it's going to be lower than what we expected. this surge

the man flew to melbourne while infectious and authorities there swung into action with lots of testing over the weekend. so far, no community transmission in victoria state either. paul: flights between perth and new zealand suspended for now. in new zealand, striking display of just how successful the country has been in getting the virus under control. what have we seen? ed: that's right, a really good news story out of new zealand at the weekend. more than 50,000 people attended a live concert in auckland, the largest sports stadium, and incredible scenes. huge crowds to listen to the band, no masks or social distancing. just life back to normal. new zealand has been hugely successful and containing the virus, largely by shutting its international border and strong testing in contact tracing. it has only had 2600 cases and 26 deaths, and the scenes in auckland are in stark contract to the countries around the world back in lockdown to fight off another wave of the virus. shery: our australia and new zealand editor, ed johnson. we can get -- you can get around above other stories you

does that uncertainty over the astrazeneca vaccine mean for tso which is manufacturing the vaccine in melbourne? paul: tsl says it will keep on making it. in planes to fill their government order of 50 million doses regardless, sang the astor vaccine remains critical for the protection of our most vulnerable populations. the first batch of 830,000 doses has already been released, csl says it will be producing one million doses per week. all of this takes some ramping up to get production going. each batch takes about 12 weeks to produce. and csl says it is committed to fulfilling the contracted arrangement for 50 million doses. we also have some doctors refusing to administer the astrazeneca vaccine to under 50's, concerned about legal about -- legal liability. the prime minister saying if anything goes wrong, the astrazeneca jabs should be given to over 50 is regardless. shery: paul allen with the latest on the vaccination driving australia. let's turn to the u.s.\ michigan's governor is urging the government to increase vaccine doses to combat the spike in virus cases. the white house has dec

get over to our editor in melbourne. as we see these flights commence, what are some of the concerns but also opportunities with this limited travel corridor? >> it is great to see we have the bubble. it is the first quarantine free travel between australia and new zealand in more than a year since the pandemic forced the closures. people seem to think opening this border should benefit the national carriers. we are seeing not so much follow-through at the moment. all these stocks are pointed higher today although the dollar in new zealand and australia are slightly lower. it is a bit of way and see on how this progresses. shery: what are we expecting from australian leaders meeting on the vaccine planned to speed up the rollout? >> we have that meeting today. there is going to be a lot of focus on what the next stages of the plan are. we have had concern surrounding the astrazeneca vaccine. that is the vaccine australia has relied on primarily. the rollout has faced a lot of criticism because it has been beset by delays

2014 or 2017 is the house price rises are much more widespread rather than concentrated in sydney and melbourne. they are including regional areas and they have been driven by first homebuyers and upgraders. i do not think we are going to see macro prudential any time soon. could we see something to slow the housing market toward the end of this year? that is possible but it will be triggered by the quality of loans being pushed out rather than house prices themselves. shery: we have seen with the housing prices rising, gdp, the broader economy recovering solidly across australia. this chart on the bloomberg showing the incredible rebound. i do wonder how much momentum the economy will lose with the end of job keeper. that was supposed to be worth 5% of gdp. >> that is exactly right. it is a balance between withdrawing that support ideally at the same time as your private domestic economy is recovering. the australian economy has observed a big set down in support in tober and in january. estimates are that end of job keeper will see a lost of 3000 jobs, which is devastating for those impacted.