15/04/2014 Asia Business Report

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

As Indonesia and India go to the polls, we look at how their

prospective new leaders admit the fact the economy.

We meet demand passed with building a world`class film studio.

Thanks for watching Asia Business Report on BBC World News. Two of

Asia's largest emerging market could be in for big changes in the coming

year. India and Indonesia are both in the midst of the election cycles.

Leaders are hoping that both will deliver on economic reforms but it

is now in the hands of the voters. So what does the future look like?

Earlier I spoke with the global chief economist at a bank, asking

for his outlook on Indonesia. The pre`election campaign has suggested

there would be a strong candidate coming through. The Parliamentary

elections suggest that will not be the case. The likelihood is we will

get a Coalition government and that slows down the process of reform.

And several key actions are at risk here. And rolling back this fuel

price subsidies? That is the big issue because that is the area where

the deficit has really expanded. We need to see those rolled back. We

need infrastructure as well and that requires a strong bureaucracy and

long`term planning regimes. You need a really good form for building on

and Indonesia needs a strong government. Are we likely to see a

seachange in India but now they have a five`week election, basically,

they have been in an economic crisis for two decades. I would not

characterise it in those terms, it is not that bad. I inflation has

been a problem but from the garden to onwards, there has been strong

growth in India which has recently slowed, partly because of high

interest rates. The reform process has really slow down in India so the

election is happening now and it should be a strong candidate come

through. today, US tobacco companies will make their annual payment to

provide healthcare for people with a smoking`related illnesses. But South

Korea be headed down a similar path? In a landmark case, a loss of

domestic and foreign tobacco firms, seeking to recoup the cost of

treating a group of smokers who are diagnosed with lung and broke

cancer. I asked our correspondent in South Korea whether the tobacco

companies were worried. In the past, lawsuits have been brought by

individuals or families but this is the first time that a state agency

has brought a lawsuit. It has access to more information in making its

case in the past, Korean tobacco companies have said there are is not

strong enough evidence to link smoking to individual cases of

cancer. That is something the state agency is hoping to overturn. In

this lawsuit, they are not only taking on the largest tobacco

company but also American Phillips, the companies that will do have

faced lawsuits in the US. There is a lot more information around in

making this case. Could this development change the general

smoking habit in Korea? There are a lot of smokers in Korea,

particularly the male population. 40% of male Koreans spoke. `` smoke.

The government has been trying to clamp down on smoking. Cigarettes

are very cheap here. On the streets, you can see lots of people puffing

away. The government has been trying to make public spaces and area where

no one is allowed to smoke but it has been difficult to enforce. This

lawsuit is another way for the government to put pressure on people

to raise awareness and at a time when there is focus on welfare here

in South Korea, the welfare here in South Korea, but while fat being

demanded of the government. Very little cash to pay for it. Another

area where the government is trying to raise awareness and also save

some cash. In other business News making headlines, Google has bought

tight and airspace. The Internet giant said it could help with it

ambition of bringing where the access to remote parts of the world.

Facebook has been in negotiations with Titan and the few weeks ago,

announced plans to build solar power drones and satellites. Canada's tax

agency has seen it online security, right because of the Heartbleed

cyber bug. It said 900 people had their private information, might

after hackers exploit it said 900 people had their private

information, might after hackers exploited online vulnerabilities due

to the bug. British parenting website, Mumsnet, also said they

were hacked recently due to this bug. It wasn't too long ago that

Asia's best and brightest business students lived about seeds for

top`notch education. A council which administers the entrance exams says

that is changing. More students are collecting to stay in their home

country for their studies. We look to Singapore to ask if that is the

case. We have advantages when we go to other places. Imagine in the UK,

who can speak Chinese? Not many. If we go there, we have the best of

both worlds and will do pretty well. I would prefer to stay in Singapore

because I want to do accountancy and Institute here is considered one of

the world. Why would I go overseas? We lack I will stay in Singapore. I

am used to the lifestyle here. Google president and CEO of tee also

told me why the region 's universities are becoming more

competitive. Two things. One is you are finding more high`quality

management education institutions in Asia. In the 2000, there were zero

Asian schools in the Financial Times list of the top 40 schools in the

world. Last year there were eight. Those eight are not just in one

location, they are right across the region. The top business schools in

Europe and the US and now setting up campuses here in Asia? exactly. You

have the option to go to Asian business calls as well as the Asian

campuses of the great European and US business schools. The supply is

there, if you will, to match the demand which has been around for a

long time. Asian candidates want quality business education and now

they can get it within the region. There is secular demand for more and

more high`quality management education.

Imagine being given free rein in the blank cheque to design and build a

world`class film studio. That was a job given to a veteran of the film

industry in Australia with a career spanning four decades. As part of

our series profiling ages coolest jobs, our correspondent caught up

with him. If your ambition is to get into the

film industry and you have the ability to think big, this could be

the job for you. This man designed and developed with complex and his

job is to bring in filmmakers from around the world. Welcome to the

studios. He was headhunted by the Malaysian government to turn the

little`known city into a beast for international film and television

productions. Blink and you could think you are in Hollywood. That's

because he spent ten years there before moving to Malaysia. He

started out in television in Australia, 40 years ago before

working in production companies in ten countries. Take us through the

process of what happened when you first came here and it was all

jungle and now, we have all of these films that. What we did the early

days while it was still jungle, we did all the designing and got all

the right first. Then, we went into construction. We spent months and

months. We cleared and moved something like a cubic feet of

earth. His job is not about glitz and glamour. It is about hiring and

managing all the staff needed to support filmmakers and their huge

cruise. If he is not here working behind the scenes, he is travelling

the world drumming up new business. So this is a unique opportunity, you

think your job is called? Her it is very cool. Not many people get to do

this and then build an industry as well. There must be some calendars

working in Malaysia is. The challenges are that this is unique.

The fact that Malaysia has an industry and does local films. They

have never got into international production in a big way. He is now

overseeing the final stage of construction, he and his team have

come a long way since the project started four years ago. There have

been some low points. When he had many a burning questions. How do I

bring the infrastructure required? How do I bring the labour that is

required to service this operation and service the production that will

come to the operation. His ads are? Set up a training college to support

the industry for years to come. It is a plan that may well pave the way

for local talent to one day take over. Thank you for investing your

time with us. Sport today is up next.