05/06/2014 Asia Business Report


05/06/2014

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linked to a suspected contaminated drip. Babies at other hospitals have

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fallen ill, but they are said to be responding well to treatment. Now,

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it is time for Asia Business Report. Campaigning begins in Indonesia, to

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choose the next president. A look at what this will mean for the mining

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industry. Taxi troubles, Malaysia's cab drivers block traffic in the

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capital over low fares and unlicensed competition. Campaigning

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is now under way in Indonesia for the upcoming presidential elections

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in July. The race is between the Governor of Jakarta, seen as clear

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favourite, and a former general. Whoever wins will take power from

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Susilo Bambang Yudhoyono, who cannot do another term. This could affect

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the mining industry, with rich mineral resources. Our guest says he

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is confident that it will help bring stability to the mining sector.

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Latino who is the president, stability and investment will come

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back towards the mining industry. With the new mining law in place,

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what will it mean for the existing players and for those who would

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still like to come? For existing players, it comes into effect now.

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Players still to build smelters in Indonesia to process the natural

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resources domestically and create prosperity. This causes problems,

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because you need a power plant and human capital, but on the other hand

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it boosts investment because smelters are costly to build, in the

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range of 1`$2,000,000,000, It is more about the ability to run

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the smelters, this is very important that has good years ahead in

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Indonesia. Japan's economy expanded compare to

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a year levels. Nor .9% expansion is shown from January to March,

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compared to the last quarter. Businesses and markets around the

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world are waiting for the next move by the European Central bank. ECB

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governor is expected to announce measures to boost the flagging

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economy across the 18 countries that use the euro. An interest rate cut

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could see investors pool funds out of Asia and put them back into

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Europe. The ECB has accused the US of trying to avoid terrorist by

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outsourcing production to countries like Taiwan. Taxi drivers gathered

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in the Malaysian capital yesterday to block traffic in protest over low

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fares and illegal competition. Unless the government steps in to

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help, they say it is simply not possible to earn a living.

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Cab drivers in the capital city of Malaysia are venting their anger.

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This is the third protest they have staged in a matter of months. The

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biggest complaint, the government is not doing enough to stop illegal

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taxi operators from flying into Kuala Lumpur and renting private

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cars to ferry tourists, while licensed taxi drivers are heavily

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taxed and are finding it hard to make ends meet. Here are hundreds of

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taxi cabs, on the street, as hundreds of cab drivers come

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together in angry protests. TRANSLATION: We signed a memorandum

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to the traffic authority, and waited 14 days for an answer, but there was

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no response. Today, we are here not to fight against the government, we

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want our rights as taxi drivers. We have been dominated and treated

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unfairly. I spoke earlier to some taxi drivers, and they have said

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that takings have fallen by almost 80%. Taxi drivers have been unable

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to meet the rental takings driving a taxi for almost three

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weeks now. They need to help us, because none of them are doing

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anything. That is why we came down this way, we don't have any choice.

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Many passengers in Kuala Lumpur are equally unhappy with the city's

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official taxis. I have been conned not once or twice but many times

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during my trips to KL. Sometimes, they take a longer route. You don't

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want to go with them, they charge more, or they have a fixed rate. It

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is mainly because there is a lot of traffic and that is the excuse they

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give. I haven't seen many taxis, I saw one last night. For now, the

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grievances are simmering on all sides. Until business improves for

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these cab drivers, protests like these look like they will continue

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to block traffic on busy streets in Kuala Lumpur.

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Located on the doorstep of China, Asia's biggest technology show is

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attracting new buyers from the mainland. It is only in recent years

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that relations between the two sides have improved.

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This year, more than 38,000 buyers are coming from many countries

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around the world to attend the show, in one of the fastest growing groups

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of wires, are those from mainland China. With me is the executive vice

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president of the show's organiser. Can you explain to us why there are

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more Chinese buyers coming? Yes, Computex is an important platform

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for procurement. In the last five years we had more Chinese visitors

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coming here. This year, we are expecting to have 5000 visitors from

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mainland China. This year, the main subject is wearable devices,

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hand`held devices, and internet... About 20% of our exhibitors are from

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internet companies. About 40% of trade goes to China. Last year, we

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exported 10 billion US dollars of ICT products from Taiwan to mainland

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China. The Chinese domestic market is still growing for ICT. The young

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people use more ICT products. It is not just Computex that has seen an

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increase in Chinese buyers this year. Technology trade shows from

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around the world are also expected to see an increase in Chinese

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visitors in coming years. Chinese companies are not only interested in

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purchasing, but building partnerships with their counterparts

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in different countries. As they expand beyond the domestic market,

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into the global arena. These days it is easy to walk into a

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store and computer or smartphone, but what

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happens to the ones you throw out? Electronic raced mostly ends up in

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developing countries, like India and China. We are speaking to a person

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from Ericsson, asking who should tackle this problem. It is mainly an

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environmental issue, governments have the ability to stop the waste

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being imported into their countries. What about the role of

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the companies producing the waste? We take responsibility for our

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products from the design and development stage, through

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production, through supply, and through the life cycle, and when

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they come end of life. We recycle the electronics in a legitimate,

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environmentally correct manner. We can actually achieve 98% recovery,

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which means that less than 2% actually ends up in landfill.

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Currently at Ericsson, how much of your products to you end up

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recycling, and what is the goal in the coming years? Last year we took

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back approximately 8% of what we put on the market. Put on market meaning

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that with we put 100 products on the market, we take back eight. Arab

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jetty for this year is to take back 17%. Our objective. Having been to

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Africa many times in seeing these waste dumps, it is appalling to see

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it. Not to mention the poverty that people live in. That is the last

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place on earth we want our products to end up. Raw materials, prices, in

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the future, and availability, they will become an issue. If we are

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still forced in five years' time to buy raw materials on the market, the

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price will be considerably higher than what it is today. Director of

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ecology affairs at Ericsson. Stocks are mostly lower in mid`morning

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Thursday trade. Investors await a key decision of the European Central

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bank on the cost of borrowing. Japan is moving sideways, but you have

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Hong Kong, South Korea, and those are in negative territory.

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In Hong Kong, tens of thousands have turned out to commemorate the 25th

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anniversary of the crushing of student protests in Tiananmen Square

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in Beijing. The Taliban has released a video of the moment Sergeant Bowe

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Bergdahl was

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