Browse content similar to 23/07/2014. Check below for episodes and series from the same categories and more!
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appeal. It follows the inquiry into so`called Trojan schools. Now on BBC | :00:00. | :00:00. | |
News all the latest business news live from Singapore. | :00:00. | :00:17. | |
Nearly a week after the crash of MH17, we hear from passengers | :00:18. | :00:22. | |
questioning the safety of global flight paths. China is becoming an | :00:23. | :00:27. | |
increasingly important market for Apple Mac with a surge in profits | :00:28. | :00:33. | |
thanks to iPhone sales. Thank you for joining us for Asia Business | :00:34. | :00:41. | |
Report. Six days after MH17 went down, the bodies of many passengers | :00:42. | :00:46. | |
killed on the Malaysian Airlines flight are finally on their way to | :00:47. | :00:51. | |
the Netherlands. In the Malaysian capital, a small number of | :00:52. | :01:02. | |
protesters gathered... Passengers are questioning who is responsible | :01:03. | :01:04. | |
for the safety of global flight paths. Now we go to our | :01:05. | :01:11. | |
correspondant. It is one of the world's busiest passenger air | :01:12. | :01:21. | |
raids. `` roots. The pad over Ukraine is one of the fastest `` | :01:22. | :01:29. | |
path. Malaysian Airlines and many other characters including Lufthansa | :01:30. | :01:42. | |
and Air India were flying over the area last week while others avoided | :01:43. | :01:48. | |
the area. This man was on a flight which also flew over Ukraine on the | :01:49. | :01:57. | |
day of the crash. I am still in a strange emotional state about it. It | :01:58. | :02:02. | |
could have been our flight. It could have been any flight. Within hours, | :02:03. | :02:08. | |
flights started to avoid the Ukraine but the question is coming why were | :02:09. | :02:14. | |
they flying over Ukraine to begin with? All the airlines we contacted | :02:15. | :02:18. | |
said they were only using internationally approved flight | :02:19. | :02:24. | |
paths, pointing the finger at air control and the civil aviation | :02:25. | :02:29. | |
organisation but they both say that this is a sovereign issue and it is | :02:30. | :02:34. | |
up to the national authorities to declare any unsafe areas of heirs | :02:35. | :02:44. | |
face. `` airspace. We know they are having trouble. Our faith is shaken | :02:45. | :02:52. | |
but not destroyed. We take a lot of things for granted and trust the | :02:53. | :02:54. | |
regulators in whatever they decide for us. Airlines are keen to | :02:55. | :03:00. | |
reassure passengers that their priority is to keep them safe but | :03:01. | :03:05. | |
the debate continues over whether this tragedy could have been | :03:06. | :03:11. | |
avoided. And with no independent organisation taking direct | :03:12. | :03:13. | |
responsibility for the safety of global flight paths, questions | :03:14. | :03:21. | |
remain. Joko Widodo has officially been | :03:22. | :03:27. | |
declared the winner of the Indonesian election but his opponent | :03:28. | :03:32. | |
is not giving up and has alleged that widespread fraud has taken | :03:33. | :03:34. | |
place and that he will challenge the result in the courts. We are | :03:35. | :03:39. | |
speaking to the American Chamber of Commerce in Jakarta who said his | :03:40. | :03:44. | |
investors are optimistic about the new president but have expectations | :03:45. | :03:49. | |
of him. One of his first priorities will be to get experts in the | :03:50. | :03:51. | |
cabinet and investors will be looking at that. One of his first | :03:52. | :03:57. | |
priorities in office is to deal with the US subsidy issue that is | :03:58. | :04:02. | |
accounting for 15% of the budget today. If that money could be freed | :04:03. | :04:07. | |
up, it could go into infrastructure and other social programmes. Getting | :04:08. | :04:12. | |
the cabinet right and dealing with the subsidy issue will be the most | :04:13. | :04:17. | |
important things. How will he handle the ongoing issue in mining? He | :04:18. | :04:22. | |
needs to bring the companies to the table with a contract of work that | :04:23. | :04:28. | |
needs to be respected. It needs to be a solution for investors and the | :04:29. | :04:33. | |
government. If that issue is not dealt with, it has tremendous | :04:34. | :04:38. | |
implications for employment and the loss of export earnings. Despite | :04:39. | :04:45. | |
Indonesia's problems, many investors are honing in on the large | :04:46. | :04:52. | |
population of individuals under 30 which could basically spur domestic | :04:53. | :04:59. | |
demand going forward. That is an advantage that Indonesia has. A huge | :05:00. | :05:06. | |
population under the age of 30 and a productive one but that window is | :05:07. | :05:11. | |
fairly tight. 20 years from now, the population will age so the decisions | :05:12. | :05:14. | |
that are made today will have tremendous ramifications 20 years | :05:15. | :05:23. | |
down the line. And her white in Jakarta `` Andrew White. Microsoft | :05:24. | :05:29. | |
is already in use rise and profits fall in the first quarter. It bought | :05:30. | :05:40. | |
Nokia in April and is down $5 billion from the same period last | :05:41. | :05:46. | |
year. Apple made a jumping profits of nearly $4.6 billion due to iPhone | :05:47. | :05:55. | |
sales and computers. Now we go to our correspondant. What is | :05:56. | :06:01. | |
interesting is we heard from the chief executive who talked about the | :06:02. | :06:05. | |
strong performance in one specific region when it came to be sales of | :06:06. | :06:15. | |
iPhone's. That was in China where sales rose 48%. I spoke to an | :06:16. | :06:24. | |
analyst about the results and this is what he had to say. We saw them | :06:25. | :06:29. | |
sell over 35 million phones in a quarter, that is roughly 12 million | :06:30. | :06:34. | |
a month which is staggering even the high price point and given that all | :06:35. | :06:43. | |
the smart phone growth is in the developing world where they are most | :06:44. | :06:47. | |
expensive but people are still willing to pay due to the status | :06:48. | :06:59. | |
symbolism. What about the iPad? Disappointing sales numbers for the | :07:00. | :07:08. | |
second quarter and a row. Down 9%. What did he say? I would be | :07:09. | :07:12. | |
surprised if he wasn't disappointed. These figures | :07:13. | :07:19. | |
underscore how important the iPhone is to the firm. It is where the bulk | :07:20. | :07:26. | |
of its profits come from and we are reflecting on the fact that I had | :07:27. | :07:35. | |
sales `` iPad were less stellar and we have not discussed it computer | :07:36. | :07:42. | |
sales. Investors are not impressed with the stock falling in | :07:43. | :07:53. | |
after`hours trading at Apple. Credit Suisse received a huge fine | :07:54. | :08:00. | |
following altercations on tax evasion charges from American | :08:01. | :08:02. | |
authorities but it was not all bad news. They have brought in huge | :08:03. | :08:09. | |
amounts of money this quarter, a key indication of improved revenue. If | :08:10. | :08:13. | |
you are considering moving to Singapore for a banking job, you are | :08:14. | :08:18. | |
not alone but you may be in the minority if you decide to move to | :08:19. | :08:23. | |
Sydney. A study shows vacancies across the Asia`Pacific region are | :08:24. | :08:27. | |
up 5% from last year indicating a growing war for talent. There is a | :08:28. | :08:37. | |
risk that Australia might lose out with 68% considering a move | :08:38. | :08:42. | |
overseas. More businesses are hiring to grow and not just replace | :08:43. | :08:53. | |
existing staff. Andrew Evans is from the firm that carried out the | :08:54. | :09:03. | |
survey. In terms of the type of roles, it is broadly across the | :09:04. | :09:07. | |
board in financial services. The front, middle or back office, that | :09:08. | :09:14. | |
is a term that we use in the banking business, the front is where the | :09:15. | :09:17. | |
revenue is made and that is the most pleasing. Private banking, corporate | :09:18. | :09:24. | |
banking and investment and trading, all of those are up. Let's talk | :09:25. | :09:29. | |
about the broader Asian market. There is competition for jobs for | :09:30. | :09:43. | |
individuals born after 1977. If I were a CEO, who would I hire today? | :09:44. | :09:50. | |
The way our clients operate, that his financial and nonfinancial | :09:51. | :09:53. | |
services, the amount of diverse roles they have and the way they are | :09:54. | :09:58. | |
looking for different talent to move around readily and take advantage of | :09:59. | :10:06. | |
the growth, that is what we call nonpermanent recruitment and there | :10:07. | :10:09. | |
is a significant rise here in Singapore and in Hong Kong and | :10:10. | :10:14. | |
Sydney. All of this illustrates that it is known that long`term roles | :10:15. | :10:24. | |
that are in the majority at the moment `` non`long`term`roles. Asian | :10:25. | :10:34. | |
markets are rising after American stocks rose yesterday. We are still | :10:35. | :10:39. | |
being asked to pay attention to unstable regions overseas. | :10:40. | :10:49. | |
Australia's main share index is rising by 45 points today. Violence | :10:50. | :11:01. | |
persisting in the Gaza Strip and instability in Ukraine have lead to | :11:02. | :11:11. | |
volatility in these areas. I'm Adnan | :11:12. | :11:13. |