Browse content similar to 10/03/2014. Check below for episodes and series from the same categories and more!
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Conference with an attack on UKIP. He said that the Liberal Democrats | :00:00. | :00:00. | |
are the only party in favour of Europe. Now, Asia Business Report. | :00:00. | :00:17. | |
As the search and rescue mission for the Malaysia Airlines jet enters its | :00:18. | :00:23. | |
third day, we take a closer look at the company behind the missing | :00:24. | :00:26. | |
aircraft. And how one man is making money from specialist farming in | :00:27. | :00:41. | |
India. Welcome to the programme. As we have been reporting, the search | :00:42. | :00:48. | |
for the missing Malaysia Airlines flight with 239 people on board has | :00:49. | :00:55. | |
entered its third day. Vietnamese navy officials say that they have | :00:56. | :00:59. | |
seen some debris that resembles a plane door in the water south of | :01:00. | :01:07. | |
Vietnam. All possibilities for the disappearance of the aircraft are | :01:08. | :01:11. | |
being considered. Flight MH370 was on its way to Beijing from Kuala | :01:12. | :01:15. | |
Lumpur. More than two thirds of the passengers on board were Chinese | :01:16. | :01:18. | |
nationals. Many countries are now involved in the search for signs of | :01:19. | :01:23. | |
wreckage. Malaysia Airlines is one of Asia's oldest carriers and the | :01:24. | :01:27. | |
disappearance of flight MH370 has cast a spotlight on the company. Its | :01:28. | :01:32. | |
stock has fallen by as much as 80% today in Kuala Lumpur. Is it | :01:33. | :01:41. | |
possible that the plane had been poorly maintained? I don't think so. | :01:42. | :01:47. | |
Malaysia Airlines has a good record with regards to flight safety. In | :01:48. | :01:52. | |
addition, it has an excellent maintenance crew. It has nothing to | :01:53. | :01:58. | |
do with maintenance at all. The possibility is very slim. More than | :01:59. | :02:04. | |
ten years ago, there was a possible merger between Malaysia Airlines and | :02:05. | :02:08. | |
air Asia for a share swap deal of 20% of each of their shareholdings. | :02:09. | :02:21. | |
Why did that not materialise? If there was a Air Asia ownership of | :02:22. | :02:24. | |
Malaysia Airlines, could they have improved the financial situation? I | :02:25. | :02:29. | |
think that it did not go ahead because it was a private enterprise | :02:30. | :02:33. | |
trying to merge with a government enterprise. Would it have helped? | :02:34. | :02:39. | |
That is debatable. Air Asia is well run and Malaysia Airlines is turning | :02:40. | :02:43. | |
the corner. It's just speculation. With the airline losing money for | :02:44. | :02:49. | |
three years now, this could be a fourth-year. What is the likely | :02:50. | :02:54. | |
future of Malaysia Airlines. They will have to find a way to | :02:55. | :02:57. | |
restructure the airline and turn it around in the right direction. | :02:58. | :03:01. | |
Clearly, this case is not going to help much. Boeing is checking | :03:02. | :03:10. | |
Dreamliner planes being produced in the US for potential hairline cracks | :03:11. | :03:14. | |
in the wings. It comes after Mitsubishi heavy industries warned | :03:15. | :03:19. | |
that the change in its manufacturing process may cause cracks. Boeing | :03:20. | :03:24. | |
says the issue may impact 40 planes and that there may be some delays in | :03:25. | :03:28. | |
the delivery of the new 787 aircraft. There has been a major | :03:29. | :03:35. | |
drop in exports in China for the month of February compared to levels | :03:36. | :03:40. | |
one year ago. Expectations were for an increase of 7%. The surprising | :03:41. | :03:49. | |
fall in exports comes just days after Li Keqiang said the | :03:50. | :03:51. | |
government's economic growth target for 2014 would remain at 7.5%. More | :03:52. | :03:59. | |
than 1000 workers are on strike at an IBM factory in the south-eastern | :04:00. | :04:05. | |
city of Shenzhen. They are demanding more money when their contracts are | :04:06. | :04:12. | |
transferred to Lenovo, or a bigger payoff if they choose not to join | :04:13. | :04:21. | |
the Chinese company. What does this strike say about labour conditions | :04:22. | :04:27. | |
on the mainland? It's a very common example of what we have been seeing | :04:28. | :04:33. | |
for the last few years. With the decline and transformation of | :04:34. | :04:38. | |
China's manufacturing sector, many factories are being closed down and | :04:39. | :04:40. | |
many factories are merging with other factories. Factories are being | :04:41. | :04:47. | |
taken over. This has caused a lot of disquiet and discomfort among the | :04:48. | :04:52. | |
workforce which does not know about its job security, pay all working | :04:53. | :04:59. | |
conditions for the future. This is the only way they can express their | :05:00. | :05:04. | |
grievances, going out on strike. Is this a rising trend of strike action | :05:05. | :05:10. | |
in multinational companies? We have seen industrial action taking place | :05:11. | :05:14. | |
over the past year, particularly in large companies like Nokia, and we | :05:15. | :05:25. | |
have Pepsi as well. Multinationals are all part of the mix but we have | :05:26. | :05:30. | |
seen an increasing rise in industrial action over the last five | :05:31. | :05:34. | |
years not just in the manufacturing sector in China but in services, | :05:35. | :05:41. | |
construction, sanitation, teachers. It's a broad-based movement at the | :05:42. | :05:50. | |
moment. How do you turn around a company that has a 200 year history | :05:51. | :05:54. | |
and more than 157 staff in nearly 80 countries? One man took on that | :05:55. | :06:09. | |
mission years ago, joining a struggling company around. We had | :06:10. | :06:19. | |
lots of managers but I explained to my leadership team that there is a | :06:20. | :06:22. | |
big difference between being a manager and being a leader. A leader | :06:23. | :06:27. | |
knows where he or she wants to go as an individual but also with the | :06:28. | :06:31. | |
company. If you have not decided for yourself or for the company where | :06:32. | :06:37. | |
you are aiming, you cannot lead. How do you qualify what is important and | :06:38. | :06:42. | |
what is not important? Without a clear direction for the future, you | :06:43. | :06:48. | |
cannot be a leader. This was a new way of thinking. It also means you | :06:49. | :06:52. | |
have to spend more time thinking about what should be in the future | :06:53. | :06:57. | |
instead of just working your daily issues out. This was a kind of new | :06:58. | :07:05. | |
experience and a new endeavour but I feel that they liked it. It gave | :07:06. | :07:08. | |
much more freedom. It's more challenging but it's much more | :07:09. | :07:12. | |
interesting. Can you give us an example of success where | :07:13. | :07:17. | |
restructuring has worked? First of all, it's a new style of directing. | :07:18. | :07:26. | |
-- interacting. Our heritage was very hierarchical and that means you | :07:27. | :07:33. | |
lose information and you are slow. Many expats enjoy living overseas | :07:34. | :07:37. | |
but there is always a partial yearning for home. Maybe it's for | :07:38. | :07:41. | |
kimchi, European cheese or American chocolate. A Frenchman living in | :07:42. | :07:48. | |
India got so upset about the meat there that he has set up his own | :07:49. | :07:52. | |
farm. It is now flourishing and its one of many businesses flourishing | :07:53. | :07:59. | |
from the appetites of expats. Breeding animals for food is an | :08:00. | :08:03. | |
extreme way to make sure that what ends up on your dinner plate is up | :08:04. | :08:10. | |
to the standard you want but that is exactly why this farm was started | :08:11. | :08:17. | |
almost 20 years ago, and, located just a few kilometres outside of | :08:18. | :08:20. | |
Delhi, it has become one of the top sources of gourmet food for the | :08:21. | :08:25. | |
expat community in the Indian capital. This French farm not only | :08:26. | :08:32. | |
has hundreds of ducks, poultry and pigs but a huge range of organic | :08:33. | :08:41. | |
vegetables. The market has grown and not because there are many | :08:42. | :08:45. | |
foreigners and expats. The people understand that they have to pay a | :08:46. | :08:50. | |
price to get the real taste of healthy vegetables. Whether it's | :08:51. | :08:55. | |
guineafowl or the perfect test before roasting or even fresh duck | :08:56. | :09:00. | |
for dinner, it's small businesses like this one catering to the top | :09:01. | :09:05. | |
end of the market but it does not come cheap. Chicken in a regular | :09:06. | :09:11. | |
market would cost under $2 per kilogram but a free range chicken | :09:12. | :09:15. | |
from a farm like this would cost almost four times that much. Some | :09:16. | :09:22. | |
grocery stores make this chain in Delhi now specialise in global | :09:23. | :09:27. | |
food. Launched as a small gourmet shop, it is now a $150 million | :09:28. | :09:34. | |
business with seven stores around the capital alone. But selling | :09:35. | :09:40. | |
imported food is not easy. We have many challenges because with the new | :09:41. | :09:43. | |
laws, the owners are very scared and they are quite restricted now to | :09:44. | :09:50. | |
have a variety of food products. As a result, many of our cheese and | :09:51. | :09:58. | |
meat counters are running dry. Demand for exotic produce is no | :09:59. | :10:02. | |
longer restricted to just foreigners living in India. Increasing numbers | :10:03. | :10:08. | |
of urban Indians also aspired towards the scene and food they | :10:09. | :10:13. | |
think is higher quality. So you can expect to see more specialist farms | :10:14. | :10:21. | |
like this to get up and running. Asian stock markets are down in | :10:22. | :10:24. | |
Monday trading amid disappointing Chinese trade data and uncertainty | :10:25. | :10:28. | |
in Ukraine. Thank you for your time. This is BBC News. The headlines: | :10:29. | :10:46. | |
Search teams missing for the missing Malaysia Airlines flight archon and | :10:47. | :10:50. | |
trading their effort on an area of the South China Sea where -- are | :10:51. | :10:56. | |
concentrating their efforts on an area of the South China Sea where | :10:57. | :10:59. | |
pieces | :11:00. | :11:00. |