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Rail, Maritime and Transport Union are set to walk out from nine in the | :00:00. | :00:00. | |
evening on Monday in a long`running dispute over ticket office closures. | :00:00. | :00:00. | |
Now on BBC News all the latest business news live from Singapore. | :00:07. | :00:22. | |
Apple versus Samsung? Have we seen at the end of a long drawnout | :00:23. | :00:31. | |
battle. Investing in Myanmar. Why investors are drawn here despite the | :00:32. | :00:33. | |
hurdles. Welcome to Asia Business Report. When a jury in California | :00:34. | :00:46. | |
ordered Apple to put pay Samsung over the weekend, it was viewed as a | :00:47. | :00:56. | |
victory. Where does this leave the legal battle? Earlier, I spoke to | :00:57. | :01:03. | |
our technology reporter. I asked him if it is a victory. It is hardly a | :01:04. | :01:13. | |
victory. The only thing they can say is that they were found guilty of | :01:14. | :01:21. | |
infringing. Samsung were awarded around $140,000. It was one case of | :01:22. | :01:25. | |
Apple having infringed their patents. It is a stalemate again. | :01:26. | :01:33. | |
Could you say it is a victory for Samsung? In some ways. The jury did | :01:34. | :01:39. | |
find that Samsung had wilfully infringed one of the patents on | :01:40. | :01:49. | |
AppleiPhone. It doesn't lend some credibility to the claim that | :01:50. | :01:51. | |
Samsung had deliberately copied the software in the device. That is not | :01:52. | :01:58. | |
great for Samsung, but the damages are far less than what Apple were | :01:59. | :02:01. | |
claiming. It is unlikely there will be a sales down? `` sales ban, which | :02:02. | :02:15. | |
was what Apple was looking for. Who is benefiting on this battle? You | :02:16. | :02:22. | |
could argue that the two weirs are the winners because of the legal | :02:23. | :02:25. | |
fees. The other winner is the competitors. They are going into a | :02:26. | :02:33. | |
public court. There is a lot of internal discussion about what was | :02:34. | :02:36. | |
happening at Apple Aaron Sonson which was revealed in the process of | :02:37. | :02:42. | |
the testimony. We found out about how Apple felt about their ad agency | :02:43. | :02:47. | |
and how Samsung wanted to compete in the market. It provided a lot of | :02:48. | :02:53. | |
information. We use are priced in terms of the verdict? I didn't think | :02:54. | :02:59. | |
it was going to stop either company in its tracks in terms of being able | :03:00. | :03:05. | |
to sell the product. It wasn't a surprise in those terms. What | :03:06. | :03:07. | |
surprised me was how small the monetary amounts turned out to be. | :03:08. | :03:12. | |
It was a slap on the wrist. In the meanwhile, companies will continue | :03:13. | :03:17. | |
to make the cash. They have continued to do that successfully. | :03:18. | :03:22. | |
Do you agree that it will have no impact on the product? Would we see | :03:23. | :03:29. | |
features changing? Samsung have been doing a lot more that is quite | :03:30. | :03:32. | |
different from Apple in that sense. Keep in mind that the products that | :03:33. | :03:36. | |
were involved tend to be previous generation products. | :03:37. | :03:43. | |
Hypothetically, if an injunction was put in place, it wouldn't have that | :03:44. | :03:52. | |
much of an impact. Bao steel is partnering with an Australian rail | :03:53. | :03:58. | |
company. The two parties have made a joint offer of $1 billion. Dina 's | :03:59. | :04:04. | |
largest listed steel company already owns 20%. `` China's. In a bid to | :04:05. | :04:19. | |
boost growth, the government has already used restrictions on | :04:20. | :04:27. | |
pharmaceutical companies. And this Indonesian shopping mall, this is | :04:28. | :04:33. | |
just one sign of the country 's growth. In the past five years, | :04:34. | :04:40. | |
south`east Asia 's biggest economy has expanded by nearly 6%. In the | :04:41. | :04:45. | |
coming months, whoever voters believe will make a net this growth | :04:46. | :04:50. | |
will be voted in as the next president. These are the | :04:51. | :05:00. | |
contenders. They face significant challenges. There is rising power | :05:01. | :05:10. | |
amongst the country 's trade unions. Last week, thousands gathered to | :05:11. | :05:15. | |
demand higher wages and better benefits. They set it has become | :05:16. | :05:19. | |
harder to keep up with living costs. The gap between the rich and poor is | :05:20. | :05:22. | |
also growing. Millions live in slums. Experts warned that as an | :05:23. | :05:30. | |
rises, so does the risk of social unrest. The growth figures for the | :05:31. | :05:35. | |
last three months will set the tone for the election campaign. Major | :05:36. | :05:38. | |
reforms are needed for economic growth. The voters will decide who | :05:39. | :05:51. | |
can deliver that. Myanmar Has only recently opened its economy to | :05:52. | :05:54. | |
foreign investment, after decades of military rule. Seven in ten Asian | :05:55. | :06:04. | |
businesses plan to expand their in the next year. There are still a | :06:05. | :06:09. | |
number of hurdles to setting up shop. | :06:10. | :06:14. | |
This is a far from easy place to do business. Look at the | :06:15. | :06:18. | |
infrastructure. The banking sector is extremely basic by modern | :06:19. | :06:24. | |
standards. The sort of things that people need to do business, like the | :06:25. | :06:28. | |
Internet and mobile phones, all of them don't work very well here at | :06:29. | :06:33. | |
the moment. The two biggest obstacles to companies coming here | :06:34. | :06:37. | |
and investing in a big way up corruption and uncertainty. If | :06:38. | :06:40. | |
you're going to come and start up a big operation here, it is generally | :06:41. | :06:47. | |
accepted that you do need to have connections. You need to have local | :06:48. | :06:52. | |
knowledge here. That will involve doing business with one of the big | :06:53. | :06:56. | |
local conglomerates. Those big companies always always are | :06:57. | :06:59. | |
connected with the Burmese military or the Burmese government. The | :07:00. | :07:05. | |
biggest single obstacle is uncertainty. There is an election | :07:06. | :07:12. | |
head you at the end of next year. It is far from clear that the reforms | :07:13. | :07:17. | |
that we have seen over the last three years will continue. If the | :07:18. | :07:21. | |
army decides to reassert itself, that could mean a return to | :07:22. | :07:26. | |
isolation and a return of sanctions. That would not be good for business. | :07:27. | :07:35. | |
Did you know that India is one of the world 's largest exporters of | :07:36. | :07:40. | |
beef? It provides 20% of global supply. This could be a good thing, | :07:41. | :07:48. | |
is it also causes fierce religious and political debate within the | :07:49. | :07:49. | |
country. Seeking blessings from the holy cow. | :07:50. | :08:15. | |
These sanctuaries are set up so that people can pray to the cow. That is | :08:16. | :08:21. | |
why I 's position as a beef exporter shocks many people. TRANSLATION: We | :08:22. | :08:30. | |
believe Hindu cows reside in gods. That is why we feed them on special | :08:31. | :08:36. | |
days. How can anyone think of killing them and making money? It is | :08:37. | :08:43. | |
not cows but water buffalo is that mostly make the cut for meat | :08:44. | :08:47. | |
processing factories. India has half the buffaloes in the world and | :08:48. | :08:53. | |
buffalo beef is bringing in a lot of money for the country. Buffalo and | :08:54. | :08:56. | |
cow meat are both known as beef internationally. Chopped up into the | :08:57. | :09:03. | |
choicest of cuts, this meat is headed to dinner tables all over the | :09:04. | :09:07. | |
world. India is largely a vegetarian company. The per capita consumption | :09:08. | :09:13. | |
of meat is less than two kilograms. In the US, it is more than 20 times | :09:14. | :09:21. | |
that. Processing the beef in Halal standards, and DSL is beef worth | :09:22. | :09:28. | |
more than $3.2 billion all over the world. And buffalo meat demand is | :09:29. | :09:34. | |
growing. While exports are the industry driver, even within India, | :09:35. | :09:42. | |
the appetite for buffalo beef has seen a steady rise. While chicken | :09:43. | :09:45. | |
and fish still dominate the diet of non` vegetarians, there is little | :09:46. | :09:50. | |
doubt that these 's popularity is growing. I like eating beef. It is | :09:51. | :09:58. | |
delicious. I would prefer it over chicken. I prefer it over bacon. It | :09:59. | :10:05. | |
is not readily available. I 's strict laws and end the slaughter of | :10:06. | :10:10. | |
cows and making it tough for restaurants to serve beef doesn't | :10:11. | :10:13. | |
seem to be holding back the market too much for now. Time for a quick | :10:14. | :10:21. | |
check of the markets. A number of the markets are closed in Japan, | :10:22. | :10:30. | |
South Korea and Thailand. Hong Kong and Australia are down. That is set | :10:31. | :10:33. | |
for this addition of Asia Business Report. `` edition. | :10:34. | :10:45. | |
The Irish Republican leader Gerry Adams has been released without | :10:46. | :10:49. | |
charge in Northern Ireland after being questioned for four days in | :10:50. | :10:52. | |
connection with the IRA murder of Jean McConville in 1972. After his | :10:53. | :10:55. | |
release, Mr Adams again denied all the allegations against him and | :10:56. | :10:58. | |
branded his arrest as wrong. Ukrainian prosecutors say they | :10:59. | :10:59. | |
didn't authorise the | :11:00. | :11:00. |