23/04/2014 Asia Business Report


23/04/2014

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said the public had lost trust in the principle that remuneration was

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linked to performance. Now on BBC News all the latest

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business news live from Singapore. The politics of trade, will the US

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President succeed in breaking a deadlock with Japan over

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agricultural tariffs? Asia's contribution of house sales

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in the region will boost earnings prospects for Boeing.

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Thanks for watching Asia Business Report. As you may have heard, on

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our world news programme, the Obama kicks off his Asian tour in Japan

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where he is due to spend two days in Tokyo, although Japan they want to

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discuss regional security and China's rising hazards in the

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region. Obama is keen to talk about trade and specifically, the

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transpacific partnership. The potential free trade agreement.

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Japan and the US have been in a deadlock over how much possession of

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the Asian economy should allow to be part of the group. They revolve

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around removing tariffs and agriculture products that is right,

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beef and dairy products. Earlier, I spoke to a chief economist in Tokyo.

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I asked him whether the two sides will be able to work out their

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differences during a visit. There are still details to nail down but I

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do... I don't think Obama and Shinzo Abe will come out to the press

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conference and say that it is done. They will say that there are

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details. Dot. There are ongoing negotiations. I am fairly confident

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that will come to an agreement before the end of the year. With the

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elimination of these tariffs, how much will this improve Japan's

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economic growth? In a very conservative government estimate,

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they came out with the number of 0.7% of GDP. That might sound small

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but it is almost 13 yen. When he tried include nontariff measures

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such as deregulation in the service sector, that number will double. On

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the earnings front, PFC parent, Yum Brands the rise in sales in China in

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the first three months of the year. As it recovers from an evening flew

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outbreak and a safety scare last year which led to a fall in demand.

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It is the biggest market in the country which also operates Pizza

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Hut. A fine of 7/2 million dollars has been issued to Royal Bank of

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Scotland and reprimanded the institution for failing to detect a

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series of unauthorised transactions by one of its traders. The fine

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follows and conviction of a former trader for fraud in 2013. She was

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sentenced to 15 months in prison after being caught falsifying

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records of emerging market trades. Net profit at China Mobile has

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fallen by nearly 10% in the first quarter when compared to the

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previous year. That is the lowest quarterly profit in five years. The

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company is struggling to compete with mobile apps offering messaging

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services on the mainland such as Tencent's popular application. China

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Mobile is the biggest carrier in the world by subscribers. It has been a

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long time coming but Pakistan plans to hold its first auction for three

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G and four G mobile networks. It is a big deal for the government

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because they have the option will bring in more than $1 billion and

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boost the economy and create tons of jobs. But what does the new

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technology mean for Istanbul? Growing number of phone users? Our

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correspondent has more. This taxi driver uses a mobile phone app to

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drum up business on the Internet connections are currently so slow

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that not many customers to book cabs online. Faster services, he hopes

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will change all that. TRANSLATION: There is less work at the moment

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because the Internet speed is slow. Requests come slowly through the app

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and by the time they have sent a request, we have lost our client.

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Developer is hoping that faster Internet connections will transform

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their business. Not only is he now very committed to his taxi and

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refilling those requests, he is now telling other drivers that,

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Haydariyeh service you can use to get more riots.

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According to a recent report, three G and 40 could generate up to

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900,000 jobs by 2018. It could boost GDP between 3.8 and $11.8 billion by

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2020. It could raise an extra 230 two 700 billion dollars in taxes.

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While the network effect of 3`D and 40 will create jobs in the cities,

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the good news it will be a cross the border in rural areas as well. This

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the introduction of three G and four G might be just what the doctor

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ordered. It is advanced technology and will allow us access to patients

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at any time and any place. This will save time and we can reach more

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people in rural areas. Mac mini in Pakistan are looking forward to the

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boost that high`speed Internet connections will bring. With options

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for licences only just getting under way, it will be a while before can

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enjoy the benefits. One US company that relies heavily

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on Asia is Boeing. China has placed an order for Boeing 737 aircraft.

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Boeing is about to unveil its earnings from the March, the January

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to March quarter. Earlier this year, it warned investors that profits

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could fall short of expectations. This is the aircraft that has been

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bowling's best plane ever. The 737 has dominated the plane market along

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with its rival, Airbus. The plane could play an even bigger role in

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shaping its future and this is why. With a demand for air travel and

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fast`growing economies, Asia has emerged as the main engine of growth

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for plane makers. However, carriers in the region have been keen to buy

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fuel`efficient, aircraft suited to meet regional travel demand. And

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this is where Boeing 737 has come into play. China's Shandong airlines

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based in order worth 6.4 billion dollars. Boeing also won a similar

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size order from India for the aircraft earlier this year. However,

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the planemaker has also had to face tough times. Bowling's stronghold on

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the Japanese market where it enjoys a monopoly for decades was broken by

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rival Airbus late last year. That was a tribute to impart to the

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problems with its 787 Dreamliner planes of which Japanese carriers

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are the biggest operators. So while it has been making a smooth landing

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in some markets, it has faced turbulent times in others. How well

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become an ever the latter will play a key role in shaping its fortunes

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in the region. With Asian travel on the rise, one

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of Singapore 's best`known company is focusing on buying up hotels to

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cater to them. The group Holdings is one by one of Singapore 's

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wealthiest families with over $1 billion and on the rich list, this

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man is the third generation of the family to run the country.

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Our group, we do not do much presidential, we are predominately

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commercial, hospitality and retail. That is the legacy of the company.

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That market has been untouched and is still gunned lazing. Is

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correlated to its rivals and not to government measures. The government

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measures are helping Singapore fervour which is causing a further

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escalation in the hospitality war. Your family owned several hotels in

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the region, plans to develop more. Why the focus on hotels and tourism?

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The reason, I like the hotel sector right now is because the weaker

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growth of tourism is in Singapore. We have seen a growth in the past

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five years of close to 100%. It is not normal to see such growth in a

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sector. We have seen it grow a crazy percentage in the past few years.

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The luxury and upscale market was untouched. Going forward, that is

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why I look at that as a very Lukaku industry. It was the CEO of royal

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group Holdings. Here is a quick look at the market in Asia. Benefiting

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from the positive tone on Wall Street overnight. Gains could be as

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many copies are releasing their first quarter earnings numbers.

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Japan is up and South Korea and Australia are also in positive

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territory. Banks are watching. Bye for now. `` thanks for watching.

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I'm Mike Embley. The top stories this hour. Ukraine's acting

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president has called for a new offensive against pro`Russian

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militants and accused them of torturing Ukrainian government

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supporters. The confirmed death toll in South

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Korea is very

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