Browse content similar to 03/06/2014. Check below for episodes and series from the same categories and more!
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she found out he had an affair with one of her friends. | :00:00. | :00:00. | |
Now on BBC News, all the latest business news from Singapore with | :00:00. | :00:14. | |
Asia Business Report. Stealing on the high seas. The | :00:15. | :00:18. | |
growing problem of piracy in South East Asia and what is being done to | :00:19. | :00:25. | |
try to stop it. From the land of promise to the land of uncertainty. | :00:26. | :00:30. | |
What are the prospects for mining in Mongolia? Welcome to the programme. | :00:31. | :00:39. | |
Pirates have released an Indonesian bound Thailand tanker after stealing | :00:40. | :00:46. | |
its entire cargo of oil in the latest attack by pirates in | :00:47. | :00:48. | |
south`east Asian waters so far this year. There have been 72 reported | :00:49. | :00:58. | |
cases globally. More than 60 of them were in Asia, mostly South East | :00:59. | :01:02. | |
Asia. While many of the cases were mostly minor, last month, there were | :01:03. | :01:08. | |
two more cases where pirates suspect `` successfully stole fuel. What | :01:09. | :01:12. | |
does this mean for businesses relying on safe shipping routes? The | :01:13. | :01:21. | |
rise in cases in the region is a concern. In the last two months, | :01:22. | :01:28. | |
there have been about three cases of cargo fuel being targeted. And this | :01:29. | :01:33. | |
has happened in the past. It is just that these past two months, the | :01:34. | :01:37. | |
cases have been happening quite close to each other. In this most | :01:38. | :01:43. | |
recent incident, the crew were safe after the pirates siphoned the fuel. | :01:44. | :01:50. | |
Who are behind these pirates? Is this individual opportunism? Is this | :01:51. | :01:56. | |
organised? There are indications suggesting that it is not an | :01:57. | :02:00. | |
opportunistic group that is involved. In a recent case last | :02:01. | :02:07. | |
month, the pirates actually left after siphoning the cargo fuel | :02:08. | :02:14. | |
together with three crew members who took their belongings and travel | :02:15. | :02:19. | |
documents with them. In that case, there is cause to suspect that | :02:20. | :02:23. | |
inside information was involved and some kind of organisation has | :02:24. | :02:31. | |
occurred. Insider jobs. And syndicates working behind these | :02:32. | :02:35. | |
pirates. How much of this is a threat to businesses in Asia, | :02:36. | :02:43. | |
particularly in South East Asia? The majority of the cases in South East | :02:44. | :02:49. | |
Asia are cases of petty theft. Many of these cases have occurred at | :02:50. | :02:53. | |
ports and anchorages. Cases of such siphoning are few and the | :02:54. | :02:58. | |
authorities and the industry are working very closely to prevent such | :02:59. | :03:03. | |
cases from happening again. Thank you. | :03:04. | :03:14. | |
Fresh business news just in. New data from mainland China shows | :03:15. | :03:17. | |
growth in the services vector rose to a six`month high in the month of | :03:18. | :03:25. | |
May. `` services sector. The news comes just days after Beijing | :03:26. | :03:29. | |
reported growth in the manufacturing sector expanded at its fastest pace | :03:30. | :03:35. | |
in five months. This will help allay fears of a slowdown in the Chinese | :03:36. | :03:41. | |
economy. An unprecedented global police operation has stopped a cyber | :03:42. | :03:44. | |
gang suspected of targeting 250,000 computers. Authorities have taken | :03:45. | :03:50. | |
control of a network of hijacked computers thought to have been used | :03:51. | :03:55. | |
to steal personal and financial data from victims. Users have been warned | :03:56. | :04:00. | |
they have two weeks to protect themselves against a powerful | :04:01. | :04:07. | |
attack. Apple is moving into the growing digital health market with | :04:08. | :04:13. | |
the new acquisition of an app that will help users document their | :04:14. | :04:22. | |
health. It failed to excite investors, however, with sales | :04:23. | :04:25. | |
falling slightly on these fresh announcements. But there is a vase | :04:26. | :04:32. | |
around the first day of Asia's biggest computer and technology show | :04:33. | :04:41. | |
`` buzz. Tens of thousands of international buyers are expected to | :04:42. | :04:45. | |
attend. There is a lot of pressure on companies to innovate. With a | :04:46. | :04:58. | |
futuristic touch, computer makers this year unveiled their latest | :04:59. | :05:04. | |
products. PC sales have declined sharply over the last few years and | :05:05. | :05:07. | |
computer makers have fought back by offering their own versions of | :05:08. | :05:10. | |
tablets, smartphones and so`called two in one devices. And they are | :05:11. | :05:17. | |
trying to anticipate your every need. For this 3`D motion sensor, it | :05:18. | :05:26. | |
has just captured me falling and sent an instant message to the | :05:27. | :05:30. | |
smartphone. The point of this technology is that if I were to have | :05:31. | :05:34. | |
an elderly parent living at home alone and she has just fallen over, | :05:35. | :05:39. | |
I would be instantly notified. This is one of an increasing number of | :05:40. | :05:43. | |
devices connected to the internet as part of a trend called the internet | :05:44. | :05:49. | |
of things. Computer makers are trying to catch on to this trend. | :05:50. | :05:54. | |
They are making products smarter, like this vacuum cleaner you can | :05:55. | :06:01. | |
command, using your smartphone. Or wearable medical devices that | :06:02. | :06:05. | |
measure your vital signs and store the information online so you can | :06:06. | :06:10. | |
share it with your doctor later. Or this camera that lets you see and | :06:11. | :06:15. | |
record what is going on at home. Industry leaders say there is much | :06:16. | :06:18. | |
room for growth, as 85% of the devices people use today are not | :06:19. | :06:24. | |
connected. They expect that by 2020, the number of products that are | :06:25. | :06:30. | |
connected will skyrocket from 15 billion to 50 billion. We also | :06:31. | :06:35. | |
expect many industries to be revolutionised based on computing | :06:36. | :06:39. | |
being rolled into the of every industry. We are interested in | :06:40. | :06:47. | |
transportation and healthcare. But not all computer makers are trying | :06:48. | :06:52. | |
to diversify. Dell is sticking to what it does best, desktops and | :06:53. | :06:58. | |
laptops. Analysts say PC sales will decline by only 1% this year and had | :06:59. | :07:06. | |
to 10% last year. `` compared to 10% last year. Companies are trying to | :07:07. | :07:14. | |
not just win back old users but attract new ones. Whether or not | :07:15. | :07:23. | |
they succeed remains to be seen. The aviation industry has cut its global | :07:24. | :07:28. | |
profit forecast for 2014. Airlines are expected to make profits of $18 | :07:29. | :07:32. | |
billion per `` this year, down from 18.7 billion dollars, which it had | :07:33. | :07:42. | |
initially forecast. It is believed economic prospects will improve as | :07:43. | :07:46. | |
the year progresses. Tests by Malaysian authorities have found | :07:47. | :07:58. | |
that Cadbury products do not contain pork DNA, as previously alleged. The | :07:59. | :08:07. | |
Malaysian authorities say the boycott will only be lifted if the | :08:08. | :08:12. | |
allegations proved to be wrong. Once the darling of foreign investment, | :08:13. | :08:20. | |
and Gloria has seen a decline in `` Mongolia has seen a decline in | :08:21. | :08:25. | |
foreign investments over the last 18 months. Foreign investment fell | :08:26. | :08:36. | |
almost 50% and in a big to bring back investors, Mongolia is looking | :08:37. | :08:40. | |
to increase the area available for mining. It could unlock $1 billion | :08:41. | :08:47. | |
in development. Thank you for joining us. How will this all work, | :08:48. | :08:54. | |
going forward? There is a lot of mineral wealth hidden beneath the | :08:55. | :08:58. | |
Gobi Desert and companies around the world want to access that. It is a | :08:59. | :09:07. | |
testament to just what sits underneath the Gobi Desert. And | :09:08. | :09:14. | |
opening that up to foreign and domestic investors will open that | :09:15. | :09:19. | |
up. Will the parliament in Mongolia allow this? What if they don't and | :09:20. | :09:26. | |
just sit on it? This has been a focus for the government in Mongolia | :09:27. | :09:29. | |
over the last few months. They have come up with a new plan. One aspect | :09:30. | :09:38. | |
of that is removing this moratorium. And that involves the laws involving | :09:39. | :09:45. | |
mining and energy? That is correct. A number of laws have recently been | :09:46. | :09:49. | |
passed. One of them is a foreign investment law that provides a legal | :09:50. | :09:54. | |
framework and a taxation framework. They are making an effort to improve | :09:55. | :10:00. | |
the investment environment. As the cycle changes in the mining | :10:01. | :10:06. | |
industry, we will see more of that. What does the future look like to | :10:07. | :10:10. | |
you in Mongolia? I have been there for 17 years and there has been a | :10:11. | :10:15. | |
good up with trend. This is a country that demands of foreign | :10:16. | :10:19. | |
investment for the mining industry and the government recognises that | :10:20. | :10:22. | |
has to happen and has put things in place to allow that. Looking at the | :10:23. | :10:31. | |
Asian stock markets, now. Thank you for joining us. Goodbye for now. The | :10:32. | :10:43. | |
headlines: European leaders have been paying tribute to King one | :10:44. | :10:49. | |
Carlos of Spain, who is abdicating after nearly 40 years on the | :10:50. | :10:51. |