13/03/2014 Asia Business Report

it's not likely that his party would hold an indoor out referendum on the

EU -- in or out referendum on the EU unless there was a significant

further transfer of powers to Brussels. After more than one week

of talks, it's the last day of China's major congress gathering.

What comes next for the mainland's economy? The creators of Candy Crush

Saga are buying a share sale in the US. How will investors react?

China may see its financial system gets a makeover following a

high-level government meeting. The National People's Congress, the

annual gathering of Parliament, closes today after more than one

week of talks. At the beginning, Premier League Ed Sheeran unveiled

some key proposals for reform, including... -- Li Keqiang. We are

waiting from a press conference from him shortly. Well, we certainly see

the sense of urgency here. Nothing that was announced was not rumoured

before. At this particular meeting, they set a clear marker, even

implying some timelines. This is giving us a sense of when they might

start to implement these reform. It's very unusual in China to do

that. To prick it oneself to a timeline. We know that the deposit

insurance scheme for banks might be running by the end of the year. How

significant changes be? Will they be effective at addressing China's huge

debt problems? It's one of many measures that need to be taken. The

deposit guarantee scheme is one way to contain deposits in the banking

sector. What we have seen in the last few years is savers taking

their money out of banks and investing them in the so-called

shadow banking system or buying property. If they are deposits were

guaranteed, they would be more likely to keep their money in banks

and therefore reduce the growth of shadow banking and even reduce the

upward moment of real estate prices. -- momentum. Limits on pollution.

That might mean scaling back China's huge industries. How might

that look for China's economic future? These are difficult choices

that China's leaders have to make but one the strong message is that

they want to prioritise the environmental issues. They want to

deal with pollution. There is clearly a lot of frustration in the

country about the drop in air quality, for example. The leadership

has received the message. The trouble is that some of these

decisions in the short-term will have an effect on economic growth

such as closing down some steel plants or a segment plants. If you

close them down, they will have employment implications and growth

implications in the short-term, but they have sent the message that they

are determined to crack down. We are also waiting for fresh data from

China that will show us the latest numbers on retail, sales, industrial

output and urban investment. Australia's economy added more than

47,000 jobs in February, triple the number analysts expected. The jump

was driven by a search -- increase in full-time jobs. Despite that, the

country's and implement rate remains steady. The US regulators have

launched an investigation into the operations of a nutritious and

weight loss company, Herbalife. There are allegations that it makes

money from a pyramid scheme. Herbalife denies the allegations and

says it will cooperate fully with the inquiry. Wall Street bonuses

rose 15% last year to the highest level since the global financial

crisis. The average bonus rose to more than $164,000 in 2013, with

total bonuses making $26.5 billion. The report focused only on bonuses

paid to bankers and brokers in New York City. The New Zealand central

bank has lifted its key lending rate. The Reserve Bank of New

England -- New Zealand increased interest rates, saying they no

longer needed to be kept at a record low because the economy now had

considerable omentum. It signalled further rises were ahead. Have you

ever heard of Candy Crush Saga? The Dublin -based creator of those games

saw revenue search -- increase 11 fold last year to nearly $2 billion

and companies are looking to raise more than $500 million from a share

sale in the US. Is this valuation reasonable? You have got to have a

look at the company and ask exactly what an IPO is. It's what the

founders of the business are trying to get as a state out of their

business, in return for their investment. That's what an IPO is.

There is a lot of popularity with regards to Candy Crush Saga and

that's why the founders say this is a good time to sell it. Very popular

as you say, but many of their eggs are in the one basket. They get 75%

of their revenue just from Candy Crush Saga alone. What might this

mean for the company's long-term prospects? Indications are already

that consumption has gone down. That's a very good point. We must

not forget about Zynga. They said it would be the next big thing. That

is, until Candy Crush Saga came along and this is now the next big

thing. We need to ask how many big things can the world actually

tolerate? If everything is going to be a big thing, the world is not big

enough or that many big things. When you look at Candy Crush Saga, you

have to wonder about its longevity. I used to play it quite a lot and

I'm waiting for the next big thing to come along already. As far as

investors are concerned, the valuations are not that exorbitant.

Even still, will they be able to sustain themselves over a long

period? If not, the company does not have much of a chance. Tupperware is

the universal mental plastic food containers but it's actually a

60-year-old brand name. -- universal name for plastic food containers.

Several generations on, does the original Tupperware model still

work? Apparently, yes. And Asia has become the top performing sector.

The Indonesian market is the biggest in the region. Tupperware parties,

women, are extremely social. The women get together a lot and they

pull in cash and buy things that they want. The business

opportunities as well for selling Tupperware and making money appeals

a great deal to women there. Your chief executive said that a top

aware party takes place anywhere around the world every 1.4 seconds.

-- Tupperware. Isn't this outdated? The format of these Tupperware

parties have changed. What you see is outdated, housewives getting

together to experience a party, which used to be a demonstration,

it's actually more interactive. It's more like a girls night out. It

could be like an office party. You say that you have evolved with the

times and you can imagine that women did make money from Tupperware

parties decades ago, but women are the workforce everywhere. Isn't that

antiquated? There are two ways of looking at this. In the developed

world, many of our sellers are women with full-time jobs. In the emerging

world, it's just 30%, 40% of women who are in paid employment at the

end of the day. The balance between living at home and still having a

career and being entrepreneurial is still a very strong desire.

Tupperware helps women achieve that. While it might look like that,

when you get into and look at the psyche of a woman, she actually

wants balance. Time for a quick look at the market. We are looking for

that crucial Chinese data that will be out. That will have an impact on

markets to some extent. There is some caution, however, already. A

good reversal of the losses we have seen in recent days due to the fact

that Wall Street scaled back much of its losses from earlier overnights.

Thank you for joining us. The headlines: China has published

images that it says may be of three pieces of wreckage from the

Malaysian airline that vanished on Saturday on its way to