Browse content similar to 04/08/2014. Check below for episodes and series from the same categories and more!
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for drug smuggling. Let us go to sink bore. `` | :00:00. | :00:00. | |
Singapore. New labour laws in Singapore look | :00:00. | :00:17. | |
set to make it harder for foreigners to get jobs. And Macau, the casino | :00:18. | :00:24. | |
capital of the world. But is China's anticorruption drive | :00:25. | :00:33. | |
keeping a development away? Thank you for joining us for this | :00:34. | :00:37. | |
edition of the Asia Business Report. Businesses here in Singapore are now | :00:38. | :00:43. | |
operating under new laws that will make it harder for foreigners to get | :00:44. | :00:49. | |
jobs. Critics say it is a turnaround for this island nation, which is | :00:50. | :00:54. | |
known for its booming economy and regularly tops global rankings for | :00:55. | :00:57. | |
ease of doing business. The government says the laws will level | :00:58. | :01:02. | |
the playing field for locals. But many worry it will have a negative | :01:03. | :01:07. | |
impact on the economy. Singapore, a nation with many | :01:08. | :01:13. | |
different faces. Alongside its multicultural local population, | :01:14. | :01:16. | |
nearly one in three is a foreigner. Many of them having flocked here | :01:17. | :01:19. | |
from Europe, Australia and other parts of Asia for job opportunities | :01:20. | :01:24. | |
not available back home. In the heart of Singapore's business | :01:25. | :01:29. | |
district, the mix of locals and foreigners is quite evident. This is | :01:30. | :01:34. | |
a nation of immigrants that built a reputation on being an open and free | :01:35. | :01:40. | |
economy. Things are now changing. New laws have just taken a fact that | :01:41. | :01:44. | |
require employers to advertise jobs with a maximum weight of `` weight | :01:45. | :02:01. | |
of 96,000 dollars per month to locals before foreigners. It has | :02:02. | :02:04. | |
triggered mixed feelings. It is going to get harder. Not great for | :02:05. | :02:11. | |
us, I guess. I am finding a job soon. It increases the opportunities | :02:12. | :02:17. | |
for me. I am definitely worried about competition. But in a | :02:18. | :02:22. | |
competitive nation you have to step up to the challenge. Nearly 34% of | :02:23. | :02:29. | |
the workforce foreigners. And this will create hurdles for companies | :02:30. | :02:33. | |
trying to find workers with the right skill set. We already have a | :02:34. | :02:40. | |
skill shortage. There is a danger that this might exacerbate and turns | :02:41. | :02:47. | |
of organisations of setting up businesses in Singapore. It is yet | :02:48. | :02:50. | |
to be seen. But in the long`term, but this might have a negative | :02:51. | :02:58. | |
impact. The government has faced vocal opposition from Singapore | :02:59. | :03:02. | |
locals. It is looking to get support. They say the new rules will | :03:03. | :03:08. | |
ensure they are employment. `` there are employment. For a nation with | :03:09. | :03:15. | |
little natural resources, a diverse labour force is crucial for it to | :03:16. | :03:22. | |
continue along a path of success. In other business News making | :03:23. | :03:28. | |
headlines, China's nonmanufacturing data slowed. The Kosovo covers | :03:29. | :03:33. | |
sectors like software, construction, aviation and | :03:34. | :03:42. | |
transport. `` survey. It came at 54.2% in July, down slightly from | :03:43. | :03:46. | |
June. A reading above 50 indicates an expansion. | :03:47. | :03:54. | |
Equitable taxi application is attracting attention again in | :03:55. | :03:57. | |
London. A politician has written to | :03:58. | :04:01. | |
London's now, Boris Johnson, asking my car as are allowed to take | :04:02. | :04:06. | |
bookings to the application without a licence to operate in the capital. | :04:07. | :04:12. | |
Uber said it was complying with all applicable laws. The world's casino | :04:13. | :04:22. | |
capital is on a bit of a losing streak. | :04:23. | :04:25. | |
It has reported its second consecutive before on takings. Gavin | :04:26. | :04:32. | |
`` gambling revenue is still every $3.5 billion, on top of a similar | :04:33. | :04:39. | |
slump in June. I asked if we were likely to see a further fall in | :04:40. | :04:45. | |
revenues this year. Earnings are expected to reflect what we have | :04:46. | :04:50. | |
already seen reported in the city as a whole. We have reports later this | :04:51. | :05:01. | |
Thursday. They both run large, popular casinos. Investors will be | :05:02. | :05:07. | |
scrutinising those reports to see how they are reacting and responding | :05:08. | :05:12. | |
to what we have already seen in June and July. With those revenue falls. | :05:13. | :05:20. | |
The first time we have seen this happen since the height of the | :05:21. | :05:27. | |
financial crisis. This is a city that has become synonymous with | :05:28. | :05:31. | |
casino gambling. In terms of revenue, it is seven times bigger | :05:32. | :05:35. | |
than Las Vegas. In terms of business, $45 billion last year. The | :05:36. | :05:42. | |
reason we have been seeing these falls in casino business is | :05:43. | :05:46. | |
essentially the ongoing anticorruption crackdown in China. | :05:47. | :05:53. | |
As a result of that, we have also seen some new Visa restrictions for | :05:54. | :05:58. | |
some travellers. We have also had the World Cup perfect. The fact a | :05:59. | :06:04. | |
lot of gamblers in China love the World Cup. They love football. They | :06:05. | :06:09. | |
have been putting their money, some of it, legally online. Of legally in | :06:10. | :06:19. | |
Macau. In other financial news, Portugal's | :06:20. | :06:23. | |
central bank is announcing plans to rescue the troubled lender. It will | :06:24. | :06:29. | |
be split into two parts. One will be a good bank, with healthy assets, | :06:30. | :06:33. | |
the other a bad bank with toxic assets. It will get an injection of | :06:34. | :06:44. | |
$6.6 billion from Portugal bailout fund and those in Europe are worried | :06:45. | :06:49. | |
about what energy bills. `` increasing. The firm said it found a | :06:50. | :06:57. | |
staggering increase in the number of people who intend to prioritise | :06:58. | :07:05. | |
energy efficiency. What makes a good entrepreneur? One | :07:06. | :07:10. | |
person who knows is Singapore `based Grace Clapham. She has been | :07:11. | :07:15. | |
hand`picked by Richard Branson and Steve Wozniack for an entrepreneur | :07:16. | :07:22. | |
award. Her not`for`profit business helps others become successful | :07:23. | :07:31. | |
entrepreneurs. I asked her what motivated her to start this | :07:32. | :07:37. | |
business. For me, I was lacking a space for myself. When I reached out | :07:38. | :07:41. | |
to some friends, they were feeling the same way. I decided to try it | :07:42. | :07:46. | |
out with 12 women, see what happened. We ended up getting a | :07:47. | :07:51. | |
response was 50. It is about creating a space that was freed that | :07:52. | :07:54. | |
allowed us to be more than a network. Handing out business cards, | :07:55. | :08:01. | |
but we were able to provide a comfortable space for education, for | :08:02. | :08:06. | |
P2P sharing, as well as creating bonds and relationships. Why do | :08:07. | :08:12. | |
women need these communities more than men? I get asked this question | :08:13. | :08:18. | |
quite a bit. I do not know. I think we need more talking. We tend to | :08:19. | :08:24. | |
talk more. We also tend to be a little bit more, we need a | :08:25. | :08:32. | |
comfortable environment. Is this something we see across Asia? Secret | :08:33. | :08:38. | |
women's business runs in six cities. In Singapore, barley, Jakarta, and | :08:39. | :08:45. | |
we are launching in Manila soon. We are launching the communities across | :08:46. | :08:50. | |
the region. There is also by the lingering on. I will do marketing | :08:51. | :08:54. | |
for you if you help me with my website. Is this because there is a | :08:55. | :09:02. | |
lack of women role models in Asia? I do not know if it is about a lack of | :09:03. | :09:07. | |
role models. I think it is about, how you provide access to women | :09:08. | :09:13. | |
interested in being entrepreneurs. And how do you provide more | :09:14. | :09:18. | |
information and tools and resources to them against having to go down a | :09:19. | :09:25. | |
traditional route. What kind of businesses? Technology,, fashion. | :09:26. | :09:30. | |
Women can compete across the board. Absolutely. You have a lot of | :09:31. | :09:39. | |
technology in Singapore, in Bangkok. In Indonesia, in Jakarta, | :09:40. | :09:43. | |
the growth of the women entrepreneurs is significant. | :09:44. | :09:50. | |
Award`winning entrepreneur Grace Clapham. Before we go, a quick look | :09:51. | :09:56. | |
at the Asian markets. Stocks are currently in negative territorial in | :09:57. | :10:03. | |
early trade. `` negative territory. Investors are still concerned about | :10:04. | :10:08. | |
geopolitical concerns in Israel and Ukraine. Also problems in Europe and | :10:09. | :10:13. | |
Argentina with the debt default. We are seeing a slight uptake for | :10:14. | :10:27. | |
Hong Kong. Those are the markets. Thank you for | :10:28. | :10:30. | |
investing your time with us. Goodbye for now. | :10:31. | :10:39. | |
You are watching BBC News. Here are the headlines: The United Nations | :10:40. | :10:49. | |
and the United States condemned an Israeli airstrike. Israel announces | :10:50. | :10:53. | |
a seven`hour humanitarian ceasefire. An earthquake has struck | :10:54. | :10:56. | |
a remote part of south`west China, killing more than 380 people. 12 | :10:57. | :11:01. | |
children and five adults have | :11:02. | :11:02. |