Browse content similar to 09/12/2013. Check below for episodes and series from the same categories and more!
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passed to it by the Sun on Sunday newspaper. Now on BBC News all the | :00:00. | :00:00. | |
latest business news live from Singapore. | :00:00. | :00:18. | |
Slowing down ` revised data points to weaker growth in the Japanese | :00:19. | :00:23. | |
economy. An election in 60 days ` Prime Minister Ying`luck Shinawatra | :00:24. | :00:26. | |
dissolves parliament and promises a general election. Welcome. We start | :00:27. | :00:41. | |
with Japan's economy which expanded by 0.3% compared to the previous | :00:42. | :00:46. | |
quarter. That is a revision down from an earlier estimate with a 0.5% | :00:47. | :00:53. | |
expansion. It underscores the economic recovery and there is? Over | :00:54. | :00:59. | |
future growth as the sales tax is to be raised. The risk concerned about | :01:00. | :01:06. | |
the impact that sales tax increase will have. That is why the | :01:07. | :01:12. | |
government last week announced a 50 Ilion US dollar growth package `` | :01:13. | :01:19. | |
billion, to be launched at the same time as that tax. It will take money | :01:20. | :01:28. | |
out of people 's pockets. And then splurge it on spending will it work? | :01:29. | :01:34. | |
A lot of spending promise of this year has not happened so it will be | :01:35. | :01:37. | |
difficult getting that money flowing through the economy. A lot of | :01:38. | :01:47. | |
challenges ahead for Mr Abe. Looking at 2014, but at the general | :01:48. | :01:52. | |
projections for the economy as Mac thinks again to pick up again in the | :01:53. | :01:57. | |
New Year. The result hope there will be increasing exports. The low value | :01:58. | :02:04. | |
of the yen, going up above 100 to the US dollar in recent weeks, we | :02:05. | :02:10. | |
could further is helping optimism with a Japanese exporter 's but so | :02:11. | :02:14. | |
far, those massive increases have not come through and we have seen | :02:15. | :02:21. | |
increases in imports, particularly energy imports. It is still early | :02:22. | :02:25. | |
days to see whether this policy is going to work. I think the first six | :02:26. | :02:32. | |
` eight months we are seeing the figures for our still very early | :02:33. | :02:35. | |
days to see if this is going to work or not. As you may have heard from | :02:36. | :02:42. | |
the earlier bulletin, Thai Prime Minister Ying`luck Shinawatra will | :02:43. | :02:48. | |
resolve parliament and hold elections within 60 days. There was | :02:49. | :02:54. | |
a major rally in the capital Bangkok marching towards the Prime | :02:55. | :02:56. | |
Minister's offers. The protest have been going on for a week and are | :02:57. | :03:00. | |
calling for the government to step down. A dramatic change in fortune | :03:01. | :03:10. | |
for The top stories this hour: Thailand's Prime Minister Yingluck | :03:11. | :03:12. | |
Shinawatra has dissolved parliament and promised a general election in | :03:13. | :03:15. | |
the wake of massive demonstrations across the country. It would be a | :03:16. | :03:22. | |
while before it will be business as usual in Tacloban. This is all that | :03:23. | :03:26. | |
remains of the biggest shopping while in Abe. Smashed storefront and | :03:27. | :03:33. | |
empty shelves. Cleared by desperate survivors of Typhoon Haiyan. These | :03:34. | :03:38. | |
were some of the scenes from a month ago. People scrambling to find food, | :03:39. | :03:44. | |
water and medicine. By whatever means necessary. No shop was left | :03:45. | :03:51. | |
untouched but it was not just supermarkets and pharmacies that had | :03:52. | :03:56. | |
their shelves emptied, people also took on political appliances, | :03:57. | :04:02. | |
jewellery and other luxury items. `` took home. Armed security guards | :04:03. | :04:07. | |
have been installed and workers are clearing away the debris so they can | :04:08. | :04:13. | |
reopen by next year but so far, only about 30% of the city's business | :04:14. | :04:21. | |
plan have returned. One of them is that this man, who runs a | :04:22. | :04:26. | |
distribution warehouse. He worries that the situation will deteriorate | :04:27. | :04:32. | |
again. The security is concentrated only on a particular area but on the | :04:33. | :04:38. | |
outskirts where the factories and warehouses are located, there is | :04:39. | :04:47. | |
very little security and there is also noticed that security will be | :04:48. | :04:57. | |
pulled down by December. They are very down and discourage, the | :04:58. | :05:02. | |
business, security was not existed, their businesses were looted, | :05:03. | :05:07. | |
everybody lost investments and life savings. We generally need the | :05:08. | :05:12. | |
government to come in all the centre banks and other banks to help local | :05:13. | :05:19. | |
business. He said he was lucky his warehouse was protected right after | :05:20. | :05:23. | |
the storm hit. This rival warehouse across the street was destroyed and | :05:24. | :05:29. | |
also completely ransacked. The businessmen, facing this kind of | :05:30. | :05:36. | |
damage, cleaning up and starting over is a daunting task. In other | :05:37. | :05:46. | |
news, trade ministers from 12 countries are in Singapore in a | :05:47. | :05:52. | |
last`minute effort to strike a basic agreement by the year 's end on a | :05:53. | :05:55. | |
transpacific partnership. They are looking for political solutions on | :05:56. | :06:01. | |
issues such as property right. Negotiations have been going on for | :06:02. | :06:04. | |
nearly four years and if the countries to reach an agreement, it | :06:05. | :06:05. | |
countries to reach an agreement it could pave the way to form stronger | :06:06. | :06:15. | |
ties with China who is not a member. A lot of the countries on both sides | :06:16. | :06:18. | |
of the Pacific already have strong relationships. China also has strong | :06:19. | :06:26. | |
relationships with chilli and South America. Canada is also increasing | :06:27. | :06:32. | |
its trade with China. The point is to use this as a bridge and | :06:33. | :06:37. | |
strengthen the relationship. Use that as a lever to pull China in and | :06:38. | :06:43. | |
gradually change Chinese policies around it government backed | :06:44. | :06:55. | |
companies and enterprises. Data from the weekend in China shows demand is | :06:56. | :07:04. | |
picking up from big economies such as the US and Europe. Imports also | :07:05. | :07:11. | |
rose 5%. A signal China may still have some waste to go when it boosts | :07:12. | :07:19. | |
growth in local consumption. Consumer prices slowed to 3% in | :07:20. | :07:23. | |
November compared to 3.2 in October. The reading was at a eight month | :07:24. | :07:32. | |
high. You can go to our website for more headlines in business. Emerging | :07:33. | :07:38. | |
markets like India are looking more at track he then ever to retailers, | :07:39. | :07:43. | |
particularly luxury retailers. The number willing to flash their cash | :07:44. | :07:49. | |
is going stronger. We spoke to both sides of the counter. Combining | :07:50. | :07:57. | |
sushi with shopping in the country's biggest luxury moll in the | :07:58. | :08:02. | |
south of Delhi. Many come here with friends for what is popularly called | :08:03. | :08:08. | |
a kitty party in India. Elite women get together over lunch and put | :08:09. | :08:13. | |
money to spend on luxury handbags or shoes. Catering to them, several | :08:14. | :08:19. | |
international brands have open stores here now. It is so much | :08:20. | :08:24. | |
easier because I can walk into a store, single the options and just | :08:25. | :08:30. | |
pick up what I like. `` see an option. It has made lifestyles and | :08:31. | :08:34. | |
better. The responder variety and chances to buy, you're not | :08:35. | :08:40. | |
restricted to a particular holiday. As Western markets are slowing | :08:41. | :08:43. | |
down, luxury brands are pushing to be here in India. The number of rich | :08:44. | :08:49. | |
individuals who can afford all this is growing. Which means that they | :08:50. | :08:54. | |
are likely to spur demand in the near future. There were still a few | :08:55. | :09:02. | |
barriers to this growth. India lacks high street so retail space is | :09:03. | :09:07. | |
limited. Yet, the luxury market has witnessed a robust growth of 50% | :09:08. | :09:12. | |
over the last three years and has now estimated to be worth $8 | :09:13. | :09:18. | |
billion. But high import duties on luxury products are Warringah | :09:19. | :09:24. | |
retailers. Pricing is one of the many things we try to balance. | :09:25. | :09:30. | |
Especially in other regions like Europe. But it is true that import | :09:31. | :09:37. | |
duties. Or reduce or slowdown and the possibilities for customers to | :09:38. | :09:42. | |
buy in their country. It will effect the economy in India. Unlike their | :09:43. | :09:47. | |
parents, India's young Labour spending over saving. There is a | :09:48. | :09:52. | |
growing breed of a new kind of customer here. Entrepreneurs, | :09:53. | :09:59. | |
officials and the rural rich who are discovering luxury for the first | :10:00. | :10:00. | |
time and are not afraid to plod. time and are not afraid to plod | :10:01. | :10:04. | |
Demand for all kinds of products is expected to soar and luxury | :10:05. | :10:09. | |
retailers will be waiting to tap into the new Indian maharanis. | :10:10. | :10:16. | |
Looking at the markets: strong Chinese trade numbers and good job | :10:17. | :10:28. | |
numbers. Games ready much across the board in Asia. `` gains. Thanks for | :10:29. | :10:33. | |
watching. | :10:34. | :10:36. |