14/02/2014 Asia Business Report


14/02/2014

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in from Wythenshawe and Sale East. We can tell you that labour had held

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it but we are waiting on the news that crucial news of who came

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second. Now on BBC News all the latest business news live from

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Singapore. It is the final day of deals at the Singapore airshow.

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It is no longer all about oil. Welcome to Asia Business Report. I

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am Rico Hizon in Singapore and trade is why dig up at Singapore 's

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biggest aviation showcase. We will find out exactly how much later

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today. Let's have a look at the highlights so far. Airbus have

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displayed the A350. Bowling game a bold outlook for the aviation

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industry, forecasting its fleet will triple in 20 years. Ever recorded

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the biggest deal for the A350 at almost $1 billion. One firm is still

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getting attention, a state owned commercial aircraft company from

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China. Even though it has still not made its first commercial plane. Our

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correspondent has more. That Bigley, this plane was not

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built by China but the Chinese Asian.

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There is huge demand for these planes and a domestic airline within

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the country could have its first play like this ready within years.

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TRANSLATION: We're working on a comprehensive design and we are the

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trial production stage. Last year we started construction. Our aim this

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year is to reach the final assembly stage. Hopefully, the plane will

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take its first flight in 2015. This is what the first plane will look

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like. Tens of millions of dollars have been invested into developing

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this plane. The company says it has 400 orders from 16 firms. The

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interest is mainly coming from domestic airlines in China. The

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company says it also has deals in the pipeline with firms in Singapore

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and the US. Earlier I spoke to David Stewart from ICF International. He

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is at the airshow today. They will pose a threat. China has long-term

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ambition in the air space industry. Even though there have been delays

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on that plane, they have come meted a lot to be air space industry. If

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you put a 50 year time horizon, it will definitely be Airbus, Boeing

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and China. Looking at past airshow is, Dubai, Paris. In Singapore, it

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is more than $11 billion. Will that be a bit of a disappointment for

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firms that have come here? I don't think you should measure the success

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of airshow is purely on the number of aircraft sales. There was a nice

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feature today that the airshow has other features. Airlines do not make

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forecasts on -- based on their shows. You have business to business

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going on. Businesses that are being initiated, accelerated. It is not

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big but I think -- I have been to over 30 airshow is but this is by no

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means the worst. Fresh official data from mainland China, while inflation

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coming in at a steady to a half percent in January. The data

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measures changes in the number of goods. They expect the Central Bank

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will keep its monetary policy relatively tight this year as the

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inflation situation is under control. Australia's biggest gold

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miner has been hit by more prizes with the company announcing a big

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fall in profits. The result of the six months to December fell by 36%

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to $186 million. The report follows some problems in the minds and

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assets in west Africa. Mobile phone companies in India have been almost

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$10 billion for two G telecom licences. The about five exceeded

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the government is target of about $1.8 billion. The money will be used

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to shrink the budget deficit. The auction winners include Vodafone.

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It is no secret that Chinese companies are investing billions of

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dollars around the world but it is not just cash strapped companies

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that are proving attractive. The oil rich Middle East is being viewed as

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a good place to do business. Our reporter has been to meet the

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Chinese business community in Dubai to find out what deals are being

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done. This is dragon mart. It is the world

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's biggest trading centre for Chinese products outside the country

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itself. The oil trade between Dubai and China has been growing at a

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startling 15%. This to a group is its biggest tenant and has been here

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since it opened in 2004. What attracted them to the golf?

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TRANSLATION: First of all, Dubai is very well located. It is halfway

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from China to Europe. Another very important aspect is the government

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in Dubai is offered as a rule policies, including zero taxes and

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easy these assessing. Plus, people in this country are very fled Blee.

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-- friendly. It is safe to Libya and our business is growing by 30% every

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year. Even a dragon Market is less than a decade old, they have

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experienced enough demand to double the overall footprint of the maul.

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When it opens in time for the 10th anniversary this year, the overall

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floor space will be around the area of 50 international football

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pitches. So what is driving the demand for that space? It has played

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a great role in the exchange of trade between the two countries. But

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trade between the Gulf and China is much more than just good and

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services. Around two thirds China's entire oil supply comes from the

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Middle East. That dependency has led the IMF to suggest a slowdown in

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Chinese economic activity could prove to have a more significant

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impact on golf economies than the European debt crisis. Not everyone

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is celebrating a boom time. None of these shopkeepers wanted to appear

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on camera but it does serve as a reminder that the trade volumes are

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growing rapidly. There is a leading chance that business could go splat.

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The recoveries of many major economies around the world seemed to

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be gaining pace and becoming attractive to investors. What

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happens when people are doing better? Apparently, the drink more.

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Our business correspondence spoke to be chief executive of Miller. If the

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economy slowed down, beer is relatively pricey. In the emerging

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markets, our presence is around 75%. You can see the impact of that in

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economic slowdown. In developed markets where poor consumers can be

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affected by a downturn, you will see in the US today, there is quite a

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lot of pressure on the beer market. The economic recession that they

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went through had a large impact. You can catch the rest of the interview

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inkm/h talking Aberystwyth business on Friday.

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Here is a quick look at the markets and most Asian equities are in

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positive territory at this hour after US shares closed higher

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overnight with the NASDAQ rising. Investors looked past disappointing

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data. Hong Kong, South Korea and Australia

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all in the past: at this hour. You can keep up-to-date with more news

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from Asia and special reports on Twitter.

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Belgian MPs have voted to give terminally ill children the right to

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die, regardless of age. That takes the

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