Browse content similar to 15/04/2014. Check below for episodes and series from the same categories and more!
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has denied his affair with colleague Rebekah Brooks breached professional | :00:00. | :00:00. | |
standards. He denies conspiracy to hack phones and conspiracy to commit | :00:00. | :00:00. | |
misconduct in a public office. Now on BBC News, all the latest business | :00:00. | :00:15. | |
news live from Singapore. As Indonesia and India go to the polls, | :00:16. | :00:23. | |
we look at how debt prospective new leaders may affect the regional | :00:24. | :00:29. | |
economy. And cool jobs, the man tasked with building world`class | :00:30. | :00:34. | |
film studios. They give are joining us. Our Asia Business Report, | :00:35. | :00:43. | |
broadcasting to viewers around the world. Two of Asia's largest | :00:44. | :00:51. | |
emerging markets could be in for big changes. India and Indonesia are | :00:52. | :00:55. | |
both in the midst of election cycles. Is this leaders hope will | :00:56. | :01:02. | |
deliver on economic reforms. It is now in the hands of voters. So what | :01:03. | :01:15. | |
is the future like? Earlier I spoke to Mike McFarlane, global chief | :01:16. | :01:22. | |
economist. I began asking him for his outlook on Indonesia. The | :01:23. | :01:29. | |
pre`election campaign suggest a strong candidate will come through | :01:30. | :01:33. | |
for reform. Last week the Parliament suggested that will not be the case. | :01:34. | :01:37. | |
The likelihood is a coalition government, which will tend to slow | :01:38. | :01:39. | |
down the process of reform considerably. Several key actions | :01:40. | :01:44. | |
are at risk here. You have opening up industries, rolling back the fuel | :01:45. | :01:48. | |
price subsidies. The subsidies are the big issue. That is where the | :01:49. | :01:52. | |
government's deficit has expanded a lot. We need to see those rolled | :01:53. | :01:56. | |
back. We need infrastructure as well. That requires a strong | :01:57. | :01:58. | |
bureaucracy. And long`term planning in order to get that enacted. You | :01:59. | :02:01. | |
need a really good platform for building on. Indonesia needs a | :02:02. | :02:05. | |
strong government in order to do that. Are we likely to see a | :02:06. | :02:12. | |
seachange in India now that they have a five`week election? | :02:13. | :02:19. | |
Basically, they have been in economic crisis that to `` two | :02:20. | :02:26. | |
decades. I wouldn't quite characterised in those terms. High | :02:27. | :02:32. | |
inflation is a problem, but 2002, strong growth in India. It has | :02:33. | :02:35. | |
recently slowed due to higher interest rates. What has happened is | :02:36. | :02:40. | |
the reform process has slowed down. The election that is happening now | :02:41. | :02:44. | |
should see a strong candidate come through. Mike McFarlane. US tobacco | :02:45. | :02:53. | |
companies will make a payment to 46 states for the cost of providing | :02:54. | :02:58. | |
healthcare for people with smoking`related illnesses. But South | :02:59. | :03:02. | |
Korea be heading down a similar path? In a landmark case, a health | :03:03. | :03:07. | |
insurance company filed a lawsuit against a number of domestic and | :03:08. | :03:14. | |
foreign tobacco companies seeking to recoup the cost of treating | :03:15. | :03:30. | |
smokers, who are suffering from cancer and other conditions. I spoke | :03:31. | :03:32. | |
to a correspondent about whether tobacco companies are worried. In | :03:33. | :03:36. | |
the past, lawsuits have been brought by individuals or families. It is | :03:37. | :03:39. | |
the first time a state agency has brought a lawsuit. It has access to | :03:40. | :03:45. | |
a lot more information in making its case. In the past, Korean tobacco | :03:46. | :03:51. | |
companies have said there is not strong enough evidence to link | :03:52. | :03:54. | |
smoking with individual cases of cancer. That is something the state | :03:55. | :03:58. | |
agency is hoping to overturn. Of course, in this lawsuit, they are | :03:59. | :04:04. | |
not only taking on Korea's largest tobacco company, but also American | :04:05. | :04:10. | |
affiliates Philip Morris and BAT, both of whom have faced lawsuits in | :04:11. | :04:14. | |
the United States. There is a lot more information around. Could this | :04:15. | :04:18. | |
recent development changed the general smoking habits and Korea? | :04:19. | :04:24. | |
Error a lot of smokers in Korea, particularly among the male | :04:25. | :04:26. | |
population. Around 40% of Korean men smoke. The government has recently | :04:27. | :04:33. | |
been on a drive to try and raise public awareness, to try and clamp | :04:34. | :04:36. | |
down on smoking. Cigarettes are very cheap here. You walk along the | :04:37. | :04:41. | |
street in Seoul and you can see lots of people on the street topping | :04:42. | :04:46. | |
away. The government is trying to make public spaces and area when no | :04:47. | :04:53. | |
one is allowed to smoke. It is difficult to smoke. This lawsuit is | :04:54. | :04:58. | |
another way to put pressure on people, to raise awareness, and at a | :04:59. | :05:02. | |
time when there is a lot of focus on welfare in South Korea. Lots of | :05:03. | :05:07. | |
welfare is being demanded, and there is very little cash to pay for it. | :05:08. | :05:11. | |
The government is trying to raise awareness and save cash. In other | :05:12. | :05:18. | |
business News, Google has bought a maker of solar powered drones for an | :05:19. | :05:24. | |
undisclosed sum. They said the purchase could help with its | :05:25. | :05:27. | |
ambition of bringing web access to parts of the world. Facebook had | :05:28. | :05:36. | |
already been in negotiations with Mumsnet, and announced its own plans | :05:37. | :05:43. | |
to build solar powered drones and satellites. Canada's tax agency is | :05:44. | :05:48. | |
the latest organisation to have seen its online security compromised | :05:49. | :05:51. | |
because of the so`called Mumsnet bug. Hundreds of people had their | :05:52. | :05:56. | |
information compromised after hackers exploited vulnerabilities | :05:57. | :06:02. | |
due to the bug. Rich parenting website Mumsnet were also hacked | :06:03. | :06:06. | |
recently due to be bug. It wasn't long ago that Asia's best and | :06:07. | :06:09. | |
brightest students looked overseas for top`notch education. The | :06:10. | :06:13. | |
graduate management admission council, which administers entrance | :06:14. | :06:17. | |
exams for MBA programmes says that is changing. More are staying at | :06:18. | :06:26. | |
home. The CEO of this company told us why it they are becoming more | :06:27. | :06:30. | |
competitive. Two things. We are finding more high`quality management | :06:31. | :06:35. | |
institutions in Asia. In the year 2000, there were no Asian schools in | :06:36. | :06:43. | |
the Financial Times list of the top 40 schools in the world. Last year | :06:44. | :06:46. | |
there were eight. Those eight are not in one location, they are all | :06:47. | :06:50. | |
across the region. India, Singapore, Hong Kong, China. These top business | :06:51. | :06:57. | |
schools in Europe and the United States are now setting up campuses | :06:58. | :07:00. | |
here in Asia. Exactly. You have the option to go to great Asian business | :07:01. | :07:05. | |
schools, as well is to go to the Asian campuses of the great European | :07:06. | :07:10. | |
and US is the schools. So the supply is bad, if you will, to match the | :07:11. | :07:16. | |
demand which has been there for a long period of time. Asian | :07:17. | :07:18. | |
candidates want quality management education. Now they can get it in | :07:19. | :07:24. | |
the region. The other thing is the secular amount for more and more | :07:25. | :07:29. | |
high`quality management education because of the growth of the | :07:30. | :07:33. | |
economic base out here. Here is what some students had to say about | :07:34. | :07:39. | |
taking their business programmes at home or overseas. I am Chinese, he | :07:40. | :07:48. | |
is Indian. We have advantages going to other places. Imagine in the UK, | :07:49. | :07:52. | |
who can speak Chinese there? Not many. So if we go over there, we | :07:53. | :07:58. | |
have the best of both worlds and will do very well to ourselves in | :07:59. | :08:02. | |
the future. Ward I would prefer to stay in Singapore, because I want to | :08:03. | :08:06. | |
be chartered accountancy and the Institute here is considered one of | :08:07. | :08:10. | |
the world 's best. So why would I go all the way of their? Green I am | :08:11. | :08:15. | |
most likely to stay in Singapore. I am more used to the lifestyle. Those | :08:16. | :08:19. | |
were Singapore students. Imagine being given a free rein to build a | :08:20. | :08:28. | |
film studio. That was a job given to an Australian veteran of the film | :08:29. | :08:32. | |
industry with a career spanning four decades in three continents. As part | :08:33. | :08:40. | |
of our series profiling Asia's cool jobs, I spoke to him and southern | :08:41. | :08:44. | |
Malaysia. If your ambition is to get into the film industry, and you have | :08:45. | :08:48. | |
the ability to think Dick, this could be the job for you. Mike | :08:49. | :08:54. | |
designed and developed this complex. His job now is to bring in | :08:55. | :08:58. | |
filmmakers from around the world. Welcome to Malaysia Studios. He was | :08:59. | :09:02. | |
headhunted the government to turn this little`known city into a base | :09:03. | :09:05. | |
for international film and television productions. Link, and | :09:06. | :09:08. | |
you could think you are in Hollywood. That is because he spent | :09:09. | :09:13. | |
ten years there before moving to Malaysia. He started out in TV in | :09:14. | :09:16. | |
Australia 40 years ago, for working in production companies in ten | :09:17. | :09:19. | |
countries. Take us through the process of what happens when you | :09:20. | :09:23. | |
first come here and it was all jungle, and is now we have all of | :09:24. | :09:27. | |
these film sets and studios. What we did in the early days, while it was | :09:28. | :09:30. | |
still jungle, we did the designing and got that right. Then we went | :09:31. | :09:34. | |
into the construction stage. We spent months, we cleared and moved | :09:35. | :09:40. | |
something like 1 million cubic feet of earth. His job is not about its | :09:41. | :09:49. | |
glamour. It is about hiring and managing all the staff needed to | :09:50. | :09:53. | |
support filmmakers and their huge cruise. If he is not here working | :09:54. | :09:57. | |
behind`the`scenes, he is travelling the world drumming up new business. | :09:58. | :10:00. | |
This is obviously a unique opportunity. Is your job call? My | :10:01. | :10:06. | |
job is very cool. Not many people get to do this, build a huge | :10:07. | :10:09. | |
international facility, and then build an industry as well. Must be | :10:10. | :10:12. | |
some challenges working in Malaysia. Tell me about those. The challenges | :10:13. | :10:18. | |
are that this is unique. They have an industry, they do some industries | :10:19. | :10:23. | |
just `` some films just for Malaysia, but we need to rethink in | :10:24. | :10:29. | |
a big way. He and his team have come a long way since the project started | :10:30. | :10:33. | |
four years ago. There have been some low points when he had many burning | :10:34. | :10:40. | |
questions. How do I bring the infrastructure required? How do I | :10:41. | :10:48. | |
bring the labour required? And to service the production which will | :10:49. | :10:56. | |
come to the operation. His answer, set up a training college to support | :10:57. | :11:00. | |
the industry for years to come. It is a plan which may well paved the | :11:01. | :11:08. | |
way for local talent to one day take over. Thank you for watching. | :11:09. | :11:13. | |
Vladimir Putin rejects accusations. The first attempt to map the seabed | :11:14. | :11:18. |