Browse content similar to 23/01/2014. Check below for episodes and series from the same categories and more!
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the biggest fall since 1997. A record 30 million people have jobs | :00:00. | :00:00. | |
and the number of people out of work now stands at 7.1%. Time now for the | :00:00. | :00:09. | |
latest business News live from Singapore. | :00:10. | :00:18. | |
Pro or anti nuclear, energy policies take centre stage in Tokyo's | :00:19. | :00:26. | |
governor race. Economic growth and renewable energy. Why Southeast Asia | :00:27. | :00:30. | |
is becoming a destination for green investors. | :00:31. | :00:39. | |
Welcome to Asia Business Report. We stuffed with Japan today where | :00:40. | :00:43. | |
campaigning is under way for a new Tokyo governor, the vote is in two | :00:44. | :00:48. | |
weeks time on one issue that has been brought to the fore is nuclear | :00:49. | :00:54. | |
power. The main reason is because of the men that has surprised many I | :00:55. | :00:59. | |
put himself in the race. A former prime minister who is backed by | :01:00. | :01:04. | |
another prime minister. They are campaigning on an antinuclear | :01:05. | :01:07. | |
platform. They are pitted against the front runner and he has the | :01:08. | :01:16. | |
backing of the ruling Liberal Democrat party and the current prime | :01:17. | :01:19. | |
minister. So many names and 70 prime ministers, earlier I spoke to | :01:20. | :01:28. | |
someone who spoke about how they see the race panning out. The campaign | :01:29. | :01:35. | |
kicks off today and what the former promised the hopes is that the | :01:36. | :01:41. | |
nuclear issue, that has been around since the Fukushima accident, can | :01:42. | :01:46. | |
really get traction. The mood of the country is split on the idea of | :01:47. | :01:50. | |
whether Japan should restart of the -- restart its nuclear power plants | :01:51. | :01:56. | |
but the movement has not coalesced. You silly country is split over the | :01:57. | :02:02. | |
nuclear issue but what about the sense in Tokyo itself. After the | :02:03. | :02:05. | |
Fukushima crisis, it seemed there were many people against the idea of | :02:06. | :02:12. | |
nuclear power. I think Tokyo is the centre of the enzyme nuclear | :02:13. | :02:16. | |
movement in some respects. Something like 60% according to a recent poll. | :02:17. | :02:23. | |
That is still very much of a split. There are other people that say | :02:24. | :02:28. | |
other issues should be the ones discussed in the Tokyo election, not | :02:29. | :02:33. | |
nuclear policy. What should be policies be? Your Mac a more | :02:34. | :02:36. | |
down-to-earth issues, healthcare, retirement, pensions, things like | :02:37. | :02:45. | |
that that affect people 's lives. There is also the sense amongst the | :02:46. | :02:53. | |
visitors community, that it will not be good for the economy. That would | :02:54. | :02:58. | |
depend on how far the antinuclear aspect of the campaign goes and what | :02:59. | :03:06. | |
that means. With all the nuclear plants shut, Japan is importing huge | :03:07. | :03:09. | |
quantities of very expensive fossil fuel to keep electricity going and | :03:10. | :03:15. | |
that has had an impact on the trade deficit and the broader current | :03:16. | :03:18. | |
account deficit. Therefore, that can harm the economy and the other big | :03:19. | :03:24. | |
issue is that if there are no nuclear plants, electricity prices | :03:25. | :03:28. | |
for industry will rise and that could be a problem for the economic | :03:29. | :03:31. | |
programme that the Prime Minister is pushing. Factory activity in China | :03:32. | :03:37. | |
slowdown in January as the first contraction in six months as new | :03:38. | :03:41. | |
orders decline. That is according to calculations from HSBC purchasing | :03:42. | :03:47. | |
managers which came in at 49.6. Any reading below 50 indicates a | :03:48. | :03:53. | |
contraction. A mild slowdown at the end of last year has continued into | :03:54. | :03:59. | |
the start of the New Year. South Korea's Central bank says the | :04:00. | :04:04. | |
economy recorded its biggest growth in three years. The economy expanded | :04:05. | :04:09. | |
by 3.9% from the previous year due to an increase in capital | :04:10. | :04:12. | |
expenditure. For all of last year, Asia's for the last -- | :04:13. | :04:24. | |
fourth-largest economy expanded. The e-commerce company, eBay, has | :04:25. | :04:27. | |
rebuffed a suggestion arguing that losing the payment services would | :04:28. | :04:32. | |
disrupt business synergies. If eBay and PayPal were to operate | :04:33. | :04:39. | |
separately, it would encourage other online payments to adopt PayPal as | :04:40. | :04:44. | |
their online service provider. EBay bought PayPal. The industrial action | :04:45. | :04:55. | |
will start today and halt production at the world's three died as part of | :04:56. | :04:59. | |
producers. The union says 70,000 members will begin indefinite action | :05:00. | :05:04. | |
from the start of the morning shift. Mineworkers want their current pay | :05:05. | :05:07. | |
rates to be doubled. The World Economic Forum is an event at Davos | :05:08. | :05:13. | |
and attracts the Who's Who of global leadership. Thousands of guests are | :05:14. | :05:22. | |
staying at the hotels and mingling and networking events and all those | :05:23. | :05:26. | |
parties of which there are more than 300 to go to. Our correspondent went | :05:27. | :05:30. | |
to one hospitality venue for a causal at the Darvel strategy. Let | :05:31. | :05:39. | |
me bring you to the car park at the Belvedere Hotel. It is the | :05:40. | :05:43. | |
cloakroom. Come Friday and Thursday evening this will be chock-a-block | :05:44. | :05:46. | |
with people trying to hand over codes. This is essentially a | :05:47. | :05:52. | |
function factory. It is wall-to-wall functions, receptions, there is | :05:53. | :05:57. | |
another one going on down there. They are preparing for it at the | :05:58. | :06:02. | |
moment and the night is going to be Korean night. Down the corridor we | :06:03. | :06:07. | |
can see the souvenirs that the Koreans will be handing over. Stefan | :06:08. | :06:10. | |
Brooks is here and he is the manager, the area manager for the | :06:11. | :06:14. | |
hotel. That's going as the preparations are under way for | :06:15. | :06:18. | |
Korean evening. How many functions do you have in five days? Over 320 | :06:19. | :06:24. | |
in five days. There are about 28 meeting rooms, 44 officers, three | :06:25. | :06:33. | |
large sized meeting rooms like this. Hammy events will be having here in | :06:34. | :06:39. | |
one-day? In one day, the main date is Thursday, we will have six. Each | :06:40. | :06:46. | |
time you need to rebuild according to what the client wants? yes. It is | :06:47. | :06:51. | |
a logistical challenge. It is a challenge. What about the normal | :06:52. | :06:56. | |
hotel services, a coffin, hair styling, not tonight or tomorrow | :06:57. | :07:04. | |
night. This is a massage parlour taken over by a consultancy firm. | :07:05. | :07:09. | |
Let me take you to the swimming pool. Every single square metre of | :07:10. | :07:15. | |
this hotel like every Hotel in Davos is being used up. This is the | :07:16. | :07:19. | |
swimming pool and this is the Jacuzzi. All covered over. This as | :07:20. | :07:23. | |
well, it is not the moment to go diving if you are feeling a little | :07:24. | :07:27. | |
stressed at the World Economic Forum. There is one message that | :07:28. | :07:34. | |
everyone needs to take away, we are all enjoying the drinking alcohol as | :07:35. | :07:36. | |
well, way of surviving this is to just put something to your lips, | :07:37. | :07:43. | |
enjoy it and move onto the next party because you need to be up 5am | :07:44. | :07:46. | |
for breakfast the next day. More on those meetings and dealings | :07:47. | :07:50. | |
and parties going on at Davos, you can go to the website. Now to the | :07:51. | :07:57. | |
future of energy. Drawing and industrialising economies, some | :07:58. | :08:00. | |
companies are looking to South East Asia to invest in renewable energy | :08:01. | :08:09. | |
like biomass. We asked how a company's biomass project will be | :08:10. | :08:14. | |
economic league stable. I would say the most important and most relevant | :08:15. | :08:18. | |
would be the possibility to aggregate a large volume of biomass | :08:19. | :08:23. | |
because of the brink -- the conversion process is industrial. | :08:24. | :08:27. | |
There are economies of scale and there is value in having a rather | :08:28. | :08:33. | |
large plans but that means that the biomass available to the plant needs | :08:34. | :08:38. | |
to be available in large quantities at a reasonable, low cost. Biomass | :08:39. | :08:47. | |
is not a real commodity. It is light, it is not totally | :08:48. | :08:55. | |
interchangeable. It needs to be sourced or produced rather locally. | :08:56. | :09:02. | |
If you take a look at the controversies surrounding biomass, | :09:03. | :09:07. | |
it has been stated that it is taking away food from the mouths of people | :09:08. | :09:12. | |
because this, corn products, you can use to feed the world. How much is | :09:13. | :09:19. | |
actually true, how do you address the controversy? I think our | :09:20. | :09:26. | |
technology address the issue under three different perspectives. First | :09:27. | :09:35. | |
of all, cellulose in ethanol can be obtained by agriculture residue, | :09:36. | :09:41. | |
that does not use land, that is a byproduct. Food versus fuel, it is | :09:42. | :09:45. | |
not a fight at all. Secondly, the process can also use vacated crops. | :09:46. | :09:55. | |
-- dedicated crops. In several circumstances those crops can be | :09:56. | :09:59. | |
grown on what is called marginal land. That is not suitable for | :10:00. | :10:08. | |
interesting food production. Let's look at the markets now because they | :10:09. | :10:14. | |
are all lower at the moment. You saw Japan at a two week high earlier and | :10:15. | :10:19. | |
it has lost those gains. That is mainly due to the fact we saw that | :10:20. | :10:23. | |
Chinese manufacturing darter. -- data. As a result of that we have | :10:24. | :10:34. | |
seen all these markets lower. They give are watching. -- thank you for | :10:35. | :10:36. | |
watching. The main news stories this hour. The | :10:37. | :10:46. | |
opening day of the Syrian peace conference has highlighted the huge | :10:47. | :10:52. | |
gulf between as an aside's government and rebel troops. The UN | :10:53. | :10:53. |