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of bullying and intimidation. Now on BBC News all the latest | :00:00. | :00:00. | |
business news live from Singapore. The world's biggest PC maker beats | :00:00. | :00:14. | |
expectations for its December quarterly earnings, to post record | :00:15. | :00:19. | |
results. At the Singapore Airshow we get on | :00:20. | :00:24. | |
board an aircraft like no other. It has plans to spread its wings | :00:25. | :00:26. | |
across Asia. Welcome to Asia Business Report. We | :00:27. | :00:38. | |
kick off with the world's biggest personal computer Manufacturer, | :00:39. | :00:42. | |
Lenovo. It has posted record results. Shares are slightly down, | :00:43. | :00:52. | |
despite beating quarterly earnings in December, and posting record | :00:53. | :00:56. | |
numbers. The data comes in the wake of the company's more than $5 | :00:57. | :01:01. | |
billion shopping spree to buy IBM's low-end server business and | :01:02. | :01:08. | |
Motorola's Mobility from Google. Investors will be watching that | :01:09. | :01:12. | |
closely. They expect their sale to dilate future earnings. We cross | :01:13. | :01:14. | |
live to our correspondent in Hong Kong. They touted strong earnings | :01:15. | :01:22. | |
from October to December. Profits are up 30%. Revenue is up 15%. 32.6 | :01:23. | :01:27. | |
million units shipped, one every five seconds. They gave a | :01:28. | :01:32. | |
marketshare figure, saying that they command 18.5% of the global market. | :01:33. | :01:48. | |
Number one in that space. Two of Asia's big economies | :01:49. | :01:50. | |
announced their interest-rate decisions today. Earlier, South | :01:51. | :01:55. | |
Korea's central bank kept rates on hold, Indonesia is expected the same | :01:56. | :02:02. | |
-- to do the same. Close attention is being held to these nations, and | :02:03. | :02:05. | |
the rest of Asia's emerging economies as the US Federal reserve | :02:06. | :02:08. | |
looks set to continue winding back its stimulus programme. Our chief | :02:09. | :02:10. | |
business correspondent explains why the Fed's moves are being held here. | :02:11. | :02:17. | |
It was not logo that emerging economies were what excited | :02:18. | :02:20. | |
investors. The growth rate outpaced that of developed economies. In | :02:21. | :02:23. | |
fact, they still do. Developing countries are projected to grow at | :02:24. | :02:26. | |
5%, that is more than twice as fast as developed economies, as 2.2%. | :02:27. | :02:33. | |
Asia is projected to grow even more quickly, and 6%. China has over 7%. | :02:34. | :02:43. | |
The US is at around 3%. So why are some investors leaving emerging | :02:44. | :02:58. | |
markets? There is a big downside risk to the growth. Some economies | :02:59. | :02:59. | |
have grown accustomed to plentiful cash. They have large external | :03:00. | :03:07. | |
deficits. The Fed has been injecting cash for the past five years. Now it | :03:08. | :03:10. | |
is winding down. That is why some countries have raised rates, to | :03:11. | :03:12. | |
attract investors with higher returns. The problem is that it | :03:13. | :03:16. | |
hurts growth. They worry that if they do not act, they risk a crisis | :03:17. | :03:22. | |
where the cash will dry up. It is not all down to the Federal Reserve. | :03:23. | :03:25. | |
Emerging economies have huge possibilities. Look at their | :03:26. | :03:33. | |
populations. They are more volatile. Only 17 countries have grown enough | :03:34. | :03:41. | |
to become rich. That gives a sense as to why it has always been risky | :03:42. | :03:46. | |
to invest in them. Now, with the US and Europe recovering, investors are | :03:47. | :03:53. | |
reconsidering. Earlier I spoke to a regional | :03:54. | :03:56. | |
economist with Barclays Bank to ask about the outlook for the emerging | :03:57. | :04:03. | |
nations globally and here in Asia. It has been a challenging start of | :04:04. | :04:06. | |
the year for emerging markets. There has been pressure. Asia is feeling | :04:07. | :04:10. | |
that. More vulnerable countries coming under the radar. These | :04:11. | :04:19. | |
countries have outperformed. They have come under pressure. | :04:20. | :04:25. | |
With all of these factors having an impact on Asia's emerging economies | :04:26. | :04:28. | |
in the first quarter of this year, has it now stabilised? | :04:29. | :04:34. | |
We are seeing a breather on the market. There has been some | :04:35. | :04:38. | |
stabilisation. Through the next couple of months, we will have | :04:39. | :04:44. | |
regular bouts of stress. For investors, it is good to be in their | :04:45. | :04:50. | |
positions. What stresses are happening for the | :04:51. | :04:58. | |
Asian economies? It is safe to say that the global | :04:59. | :05:01. | |
manufacturing cycle continues to improve. There is still strength in | :05:02. | :05:07. | |
the US economy. That is benefiting countries in the North Asian bloc, | :05:08. | :05:10. | |
such as Korea, which is geared to manufacturing, especially | :05:11. | :05:12. | |
electronics. We continue to like North Asian countries, we like | :05:13. | :05:21. | |
China, we like Korea. They are less vulnerable in this environment. | :05:22. | :05:37. | |
Thank you. More than two thirds of the | :05:38. | :05:40. | |
population of Myanmar live without mains electricity. As the country | :05:41. | :05:45. | |
opens up to investment, basic utilities and infrastructure are the | :05:46. | :05:50. | |
biggest concerns. This week, a US -based energy supplier struck a deal | :05:51. | :05:53. | |
with the government. They will provide temporary gas, and power | :05:54. | :05:59. | |
generators to bring electricity to 6 billion people. Earlier I spoke with | :06:00. | :06:03. | |
the company's had for business to the limit. -- 6 million people. We | :06:04. | :06:15. | |
are about fast track to power. We build large scale fast track power | :06:16. | :06:19. | |
plants in three months or less. This plant is already under construction. | :06:20. | :06:24. | |
It will be delivered by the end of March. How many households will it | :06:25. | :06:32. | |
reach? How many people can make this facility should deliver power to | :06:33. | :06:34. | |
around 6 billion people. It is one of the largest, cleanest and most | :06:35. | :06:46. | |
efficient plants. -- six million. It will deliver power using indigenous | :06:47. | :06:50. | |
fuel. It will be built in three months time. Can you tell us how | :06:51. | :06:56. | |
much this deal was worth, and how much of the company is investing in | :06:57. | :07:03. | |
Myanmar? We cannot disclose the specifics of the deal, but it is a | :07:04. | :07:07. | |
substantial investment. It is one of the largest investments by an | :07:08. | :07:13. | |
American company in India now. Time. We are the first country to sign a | :07:14. | :07:16. | |
power contract in Myanmar for many years. This is the first of what we | :07:17. | :07:23. | |
hope our number of investment. At the Singapore Airshow, | :07:24. | :07:26. | |
manufacturers are keen to tap into the growing defence market in the | :07:27. | :07:28. | |
Asia-Pacific. Bell Helicopters has its Osprey planes on display. It is | :07:29. | :07:35. | |
only used by the US Marines, but the company is keen to attract new | :07:36. | :07:45. | |
investors. We got on board as a craft to get a first-hand experience | :07:46. | :07:53. | |
of its capabilities. -- on board this aircraft. | :07:54. | :07:55. | |
Saving lives in times of distress, the Osprey played a key role in | :07:56. | :07:59. | |
relief and rescue operations after Typhoon Haiyan struck the | :08:00. | :08:01. | |
Philippines. Bell Helicopters, the maker of the plane, has now brought | :08:02. | :08:04. | |
it to the Singapore show for countries other than the US to take | :08:05. | :08:08. | |
a closer look at it, and see if they would like to buy the plane. I got a | :08:09. | :08:11. | |
chance to experience the plane's capabilities firsthand. What makes | :08:12. | :08:17. | |
it unique is the fact that it combines the capabilities of a | :08:18. | :08:19. | |
helicopter with that of a traditional plane. It can take off | :08:20. | :08:26. | |
vertically. It can climb at a rate of 5000 feet per minute. That is | :08:27. | :08:32. | |
more than ten times what you would do in a normal civil aeroplane. The | :08:33. | :08:36. | |
traditional plane mode allows it to achieve speeds faster than a | :08:37. | :08:42. | |
helicopter can. The Osprey is not just about combining the | :08:43. | :08:47. | |
capabilities. One of the pilots who flew the plane to the Philippines | :08:48. | :08:50. | |
says high end technology on board gives it an edge over other planes. | :08:51. | :08:55. | |
The one behind us is a Black Sea version. It has a weather radar | :08:56. | :09:00. | |
operation. It allowed us to navigate through the weather to provide | :09:01. | :09:03. | |
relief to some of the outlying islands that other aircraft may not | :09:04. | :09:13. | |
have been able to navigate through. It is only the Americans who use | :09:14. | :09:17. | |
these right now. They have bought more than 270 of them. They have | :09:18. | :09:22. | |
ordered another 100. The firm is ready to sell them abroad. | :09:23. | :09:26. | |
We are looking at different countries. We are giving other | :09:27. | :09:34. | |
countries there first exposure. We expect interest to increase | :09:35. | :09:40. | |
dramatically after the show. It does not come cheap. It costs | :09:41. | :09:44. | |
nearly $90 million to buy one, that is before maintenance and training. | :09:45. | :09:50. | |
There are only a limited number of countries which will be able to | :09:51. | :09:58. | |
afford that. We will continue to bring you the | :09:59. | :10:02. | |
latest from this major Asian air event from Singapore. Head to our | :10:03. | :10:05. | |
website for all the latest news and analysis. | :10:06. | :10:08. | |
Today - the race to become the world's best airport. | :10:09. | :10:17. | |
Before we go, a quickwitted Asian markets. Currently lacklustre. Most | :10:18. | :10:20. | |
in negative territory coming off three-week eyes. Investors are | :10:21. | :10:32. | |
cautiously optimistic. Thank you for investing in time with us. | :10:33. | :10:38. | |
The top stories this hour: Much of Britain is continuing to experience | :10:39. | :10:43. | |
some of its worst weather for years with high winds, driving rain and | :10:44. | :10:47. | |
widespread flooding. On a far bigger scale - the weather | :10:48. | :10:49. | |
is | :10:50. | :10:50. |