05/05/2014 Asia Business Report


05/05/2014

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Rail, Maritime and Transport Union are set to walk out from nine in the

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evening on Monday in a long`running dispute over ticket office closures.

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

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Apple versus Samsung? Have we seen at the end of a long drawnout

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battle. Investing in Myanmar. Why investors are drawn here despite the

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hurdles. Welcome to Asia Business Report. When a jury in California

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ordered Apple to put pay Samsung over the weekend, it was viewed as a

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victory. Where does this leave the legal battle? Earlier, I spoke to

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our technology reporter. I asked him if it is a victory. It is hardly a

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victory. The only thing they can say is that they were found guilty of

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infringing. Samsung were awarded around $140,000. It was one case of

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Apple having infringed their patents. It is a stalemate again.

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Could you say it is a victory for Samsung? In some ways. The jury did

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find that Samsung had wilfully infringed one of the patents on

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AppleiPhone. It doesn't lend some credibility to the claim that

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Samsung had deliberately copied the software in the device. That is not

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great for Samsung, but the damages are far less than what Apple were

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claiming. It is unlikely there will be a sales down? `` sales ban, which

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was what Apple was looking for. Who is benefiting on this battle? You

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could argue that the two weirs are the winners because of the legal

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fees. The other winner is the competitors. They are going into a

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public court. There is a lot of internal discussion about what was

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happening at Apple Aaron Sonson which was revealed in the process of

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the testimony. We found out about how Apple felt about their ad agency

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and how Samsung wanted to compete in the market. It provided a lot of

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information. We use are priced in terms of the verdict? I didn't think

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it was going to stop either company in its tracks in terms of being able

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to sell the product. It wasn't a surprise in those terms. What

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surprised me was how small the monetary amounts turned out to be.

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It was a slap on the wrist. In the meanwhile, companies will continue

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to make the cash. They have continued to do that successfully.

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Do you agree that it will have no impact on the product? Would we see

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features changing? Samsung have been doing a lot more that is quite

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different from Apple in that sense. Keep in mind that the products that

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were involved tend to be previous generation products.

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Hypothetically, if an injunction was put in place, it wouldn't have that

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much of an impact. Bao steel is partnering with an Australian rail

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company. The two parties have made a joint offer of $1 billion. Dina 's

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largest listed steel company already owns 20%. `` China's. In a bid to

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boost growth, the government has already used restrictions on

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pharmaceutical companies. And this Indonesian shopping mall, this is

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just one sign of the country 's growth. In the past five years,

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south`east Asia 's biggest economy has expanded by nearly 6%. In the

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coming months, whoever voters believe will make a net this growth

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will be voted in as the next president. These are the

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contenders. They face significant challenges. There is rising power

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amongst the country 's trade unions. Last week, thousands gathered to

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demand higher wages and better benefits. They set it has become

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harder to keep up with living costs. The gap between the rich and poor is

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also growing. Millions live in slums. Experts warned that as an

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rises, so does the risk of social unrest. The growth figures for the

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last three months will set the tone for the election campaign. Major

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reforms are needed for economic growth. The voters will decide who

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can deliver that. Myanmar Has only recently opened its economy to

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foreign investment, after decades of military rule. Seven in ten Asian

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businesses plan to expand their in the next year. There are still a

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number of hurdles to setting up shop.

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This is a far from easy place to do business. Look at the

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infrastructure. The banking sector is extremely basic by modern

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standards. The sort of things that people need to do business, like the

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Internet and mobile phones, all of them don't work very well here at

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the moment. The two biggest obstacles to companies coming here

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and investing in a big way up corruption and uncertainty. If

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you're going to come and start up a big operation here, it is generally

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accepted that you do need to have connections. You need to have local

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knowledge here. That will involve doing business with one of the big

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local conglomerates. Those big companies always always are

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connected with the Burmese military or the Burmese government. The

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biggest single obstacle is uncertainty. There is an election

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head you at the end of next year. It is far from clear that the reforms

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that we have seen over the last three years will continue. If the

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army decides to reassert itself, that could mean a return to

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isolation and a return of sanctions. That would not be good for business.

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Did you know that India is one of the world 's largest exporters of

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beef? It provides 20% of global supply. This could be a good thing,

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is it also causes fierce religious and political debate within the

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country. Seeking blessings from the holy cow.

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These sanctuaries are set up so that people can pray to the cow. That is

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why I 's position as a beef exporter shocks many people. TRANSLATION: We

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believe Hindu cows reside in gods. That is why we feed them on special

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days. How can anyone think of killing them and making money? It is

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not cows but water buffalo is that mostly make the cut for meat

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processing factories. India has half the buffaloes in the world and

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buffalo beef is bringing in a lot of money for the country. Buffalo and

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cow meat are both known as beef internationally. Chopped up into the

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choicest of cuts, this meat is headed to dinner tables all over the

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world. India is largely a vegetarian company. The per capita consumption

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of meat is less than two kilograms. In the US, it is more than 20 times

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that. Processing the beef in Halal standards, and DSL is beef worth

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more than $3.2 billion all over the world. And buffalo meat demand is

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growing. While exports are the industry driver, even within India,

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the appetite for buffalo beef has seen a steady rise. While chicken

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and fish still dominate the diet of non` vegetarians, there is little

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doubt that these 's popularity is growing. I like eating beef. It is

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delicious. I would prefer it over chicken. I prefer it over bacon. It

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is not readily available. I 's strict laws and end the slaughter of

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cows and making it tough for restaurants to serve beef doesn't

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seem to be holding back the market too much for now. Time for a quick

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check of the markets. A number of the markets are closed in Japan,

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South Korea and Thailand. Hong Kong and Australia are down. That is set

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for this addition of Asia Business Report. `` edition.

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The Irish Republican leader Gerry Adams has been released without

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charge in Northern Ireland after being questioned for four days in

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connection with the IRA murder of Jean McConville in 1972. After his

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release, Mr Adams again denied all the allegations against him and

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branded his arrest as wrong. Ukrainian prosecutors say they

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didn't authorise the

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