Browse content similar to 23/04/2014. Check below for episodes and series from the same categories and more!
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said the public had lost trust in the principle that remuneration was | :00:00. | :00:00. | |
linked to performance. Now on BBC News all the latest | :00:00. | :00:00. | |
business news live from Singapore. The politics of trade, will the US | :00:00. | :00:18. | |
President succeed in breaking a deadlock with Japan over | :00:19. | :00:23. | |
agricultural tariffs? Asia's contribution of house sales | :00:24. | :00:25. | |
in the region will boost earnings prospects for Boeing. | :00:26. | :00:33. | |
Thanks for watching Asia Business Report. As you may have heard, on | :00:34. | :00:41. | |
our world news programme, the Obama kicks off his Asian tour in Japan | :00:42. | :00:46. | |
where he is due to spend two days in Tokyo, although Japan they want to | :00:47. | :00:50. | |
discuss regional security and China's rising hazards in the | :00:51. | :00:55. | |
region. Obama is keen to talk about trade and specifically, the | :00:56. | :00:59. | |
transpacific partnership. The potential free trade agreement. | :01:00. | :01:03. | |
Japan and the US have been in a deadlock over how much possession of | :01:04. | :01:07. | |
the Asian economy should allow to be part of the group. They revolve | :01:08. | :01:11. | |
around removing tariffs and agriculture products that is right, | :01:12. | :01:18. | |
beef and dairy products. Earlier, I spoke to a chief economist in Tokyo. | :01:19. | :01:25. | |
I asked him whether the two sides will be able to work out their | :01:26. | :01:28. | |
differences during a visit. There are still details to nail down but I | :01:29. | :01:37. | |
do... I don't think Obama and Shinzo Abe will come out to the press | :01:38. | :01:41. | |
conference and say that it is done. They will say that there are | :01:42. | :01:49. | |
details. Dot. There are ongoing negotiations. I am fairly confident | :01:50. | :01:53. | |
that will come to an agreement before the end of the year. With the | :01:54. | :02:00. | |
elimination of these tariffs, how much will this improve Japan's | :02:01. | :02:08. | |
economic growth? In a very conservative government estimate, | :02:09. | :02:11. | |
they came out with the number of 0.7% of GDP. That might sound small | :02:12. | :02:21. | |
but it is almost 13 yen. When he tried include nontariff measures | :02:22. | :02:25. | |
such as deregulation in the service sector, that number will double. On | :02:26. | :02:32. | |
the earnings front, PFC parent, Yum Brands the rise in sales in China in | :02:33. | :02:36. | |
the first three months of the year. As it recovers from an evening flew | :02:37. | :02:40. | |
outbreak and a safety scare last year which led to a fall in demand. | :02:41. | :02:45. | |
It is the biggest market in the country which also operates Pizza | :02:46. | :02:53. | |
Hut. A fine of 7/2 million dollars has been issued to Royal Bank of | :02:54. | :02:57. | |
Scotland and reprimanded the institution for failing to detect a | :02:58. | :03:00. | |
series of unauthorised transactions by one of its traders. The fine | :03:01. | :03:05. | |
follows and conviction of a former trader for fraud in 2013. She was | :03:06. | :03:09. | |
sentenced to 15 months in prison after being caught falsifying | :03:10. | :03:14. | |
records of emerging market trades. Net profit at China Mobile has | :03:15. | :03:20. | |
fallen by nearly 10% in the first quarter when compared to the | :03:21. | :03:25. | |
previous year. That is the lowest quarterly profit in five years. The | :03:26. | :03:28. | |
company is struggling to compete with mobile apps offering messaging | :03:29. | :03:34. | |
services on the mainland such as Tencent's popular application. China | :03:35. | :03:39. | |
Mobile is the biggest carrier in the world by subscribers. It has been a | :03:40. | :03:44. | |
long time coming but Pakistan plans to hold its first auction for three | :03:45. | :03:47. | |
G and four G mobile networks. It is a big deal for the government | :03:48. | :03:52. | |
because they have the option will bring in more than $1 billion and | :03:53. | :03:55. | |
boost the economy and create tons of jobs. But what does the new | :03:56. | :03:59. | |
technology mean for Istanbul? Growing number of phone users? Our | :04:00. | :04:06. | |
correspondent has more. This taxi driver uses a mobile phone app to | :04:07. | :04:12. | |
drum up business on the Internet connections are currently so slow | :04:13. | :04:14. | |
that not many customers to book cabs online. Faster services, he hopes | :04:15. | :04:24. | |
will change all that. TRANSLATION: There is less work at the moment | :04:25. | :04:29. | |
because the Internet speed is slow. Requests come slowly through the app | :04:30. | :04:32. | |
and by the time they have sent a request, we have lost our client. | :04:33. | :04:36. | |
Developer is hoping that faster Internet connections will transform | :04:37. | :04:46. | |
their business. Not only is he now very committed to his taxi and | :04:47. | :04:49. | |
refilling those requests, he is now telling other drivers that, | :04:50. | :04:53. | |
Haydariyeh service you can use to get more riots. | :04:54. | :05:00. | |
According to a recent report, three G and 40 could generate up to | :05:01. | :05:10. | |
900,000 jobs by 2018. It could boost GDP between 3.8 and $11.8 billion by | :05:11. | :05:17. | |
2020. It could raise an extra 230 two 700 billion dollars in taxes. | :05:18. | :05:23. | |
While the network effect of 3`D and 40 will create jobs in the cities, | :05:24. | :05:27. | |
the good news it will be a cross the border in rural areas as well. This | :05:28. | :05:35. | |
the introduction of three G and four G might be just what the doctor | :05:36. | :05:46. | |
ordered. It is advanced technology and will allow us access to patients | :05:47. | :05:50. | |
at any time and any place. This will save time and we can reach more | :05:51. | :05:55. | |
people in rural areas. Mac mini in Pakistan are looking forward to the | :05:56. | :05:57. | |
boost that high`speed Internet connections will bring. With options | :05:58. | :06:02. | |
for licences only just getting under way, it will be a while before can | :06:03. | :06:04. | |
enjoy the benefits. One US company that relies heavily | :06:05. | :06:19. | |
on Asia is Boeing. China has placed an order for Boeing 737 aircraft. | :06:20. | :06:25. | |
Boeing is about to unveil its earnings from the March, the January | :06:26. | :06:31. | |
to March quarter. Earlier this year, it warned investors that profits | :06:32. | :06:38. | |
could fall short of expectations. This is the aircraft that has been | :06:39. | :06:46. | |
bowling's best plane ever. The 737 has dominated the plane market along | :06:47. | :06:51. | |
with its rival, Airbus. The plane could play an even bigger role in | :06:52. | :06:58. | |
shaping its future and this is why. With a demand for air travel and | :06:59. | :07:02. | |
fast`growing economies, Asia has emerged as the main engine of growth | :07:03. | :07:07. | |
for plane makers. However, carriers in the region have been keen to buy | :07:08. | :07:13. | |
fuel`efficient, aircraft suited to meet regional travel demand. And | :07:14. | :07:20. | |
this is where Boeing 737 has come into play. China's Shandong airlines | :07:21. | :07:27. | |
based in order worth 6.4 billion dollars. Boeing also won a similar | :07:28. | :07:34. | |
size order from India for the aircraft earlier this year. However, | :07:35. | :07:39. | |
the planemaker has also had to face tough times. Bowling's stronghold on | :07:40. | :07:45. | |
the Japanese market where it enjoys a monopoly for decades was broken by | :07:46. | :07:50. | |
rival Airbus late last year. That was a tribute to impart to the | :07:51. | :07:55. | |
problems with its 787 Dreamliner planes of which Japanese carriers | :07:56. | :08:01. | |
are the biggest operators. So while it has been making a smooth landing | :08:02. | :08:06. | |
in some markets, it has faced turbulent times in others. How well | :08:07. | :08:10. | |
become an ever the latter will play a key role in shaping its fortunes | :08:11. | :08:19. | |
in the region. With Asian travel on the rise, one | :08:20. | :08:22. | |
of Singapore 's best`known company is focusing on buying up hotels to | :08:23. | :08:27. | |
cater to them. The group Holdings is one by one of Singapore 's | :08:28. | :08:31. | |
wealthiest families with over $1 billion and on the rich list, this | :08:32. | :08:37. | |
man is the third generation of the family to run the country. | :08:38. | :08:45. | |
Our group, we do not do much presidential, we are predominately | :08:46. | :08:53. | |
commercial, hospitality and retail. That is the legacy of the company. | :08:54. | :08:57. | |
That market has been untouched and is still gunned lazing. Is | :08:58. | :09:05. | |
correlated to its rivals and not to government measures. The government | :09:06. | :09:12. | |
measures are helping Singapore fervour which is causing a further | :09:13. | :09:17. | |
escalation in the hospitality war. Your family owned several hotels in | :09:18. | :09:21. | |
the region, plans to develop more. Why the focus on hotels and tourism? | :09:22. | :09:28. | |
The reason, I like the hotel sector right now is because the weaker | :09:29. | :09:33. | |
growth of tourism is in Singapore. We have seen a growth in the past | :09:34. | :09:40. | |
five years of close to 100%. It is not normal to see such growth in a | :09:41. | :09:48. | |
sector. We have seen it grow a crazy percentage in the past few years. | :09:49. | :09:56. | |
The luxury and upscale market was untouched. Going forward, that is | :09:57. | :10:02. | |
why I look at that as a very Lukaku industry. It was the CEO of royal | :10:03. | :10:14. | |
group Holdings. Here is a quick look at the market in Asia. Benefiting | :10:15. | :10:17. | |
from the positive tone on Wall Street overnight. Gains could be as | :10:18. | :10:22. | |
many copies are releasing their first quarter earnings numbers. | :10:23. | :10:28. | |
Japan is up and South Korea and Australia are also in positive | :10:29. | :10:31. | |
territory. Banks are watching. Bye for now. `` thanks for watching. | :10:32. | :10:41. | |
I'm Mike Embley. The top stories this hour. Ukraine's acting | :10:42. | :10:45. | |
president has called for a new offensive against pro`Russian | :10:46. | :10:47. | |
militants and accused them of torturing Ukrainian government | :10:48. | :10:50. | |
supporters. The confirmed death toll in South | :10:51. | :10:52. | |
Korea is very | :10:53. | :10:53. |