Browse content similar to 25/08/2014. Check below for episodes and series from the same categories and more!
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Hill Carnival. It was children's day. In total more than 1 million | :00:00. | :00:00. | |
Time for all the business news. Time for all the business news. | :00:00. | :00:21. | |
up new markets after the first export ship sells out in Singapore. | :00:22. | :00:27. | |
And we will take a look at what a key meeting in the American city of | :00:28. | :00:36. | |
Jackson reveals for the US economy. Welcome to Asia Business Report. | :00:37. | :00:45. | |
Japan's restarted exports of rice grown in Fukushima for the first | :00:46. | :00:46. | |
time since foreign sales were halted in 2011. A 300 kilograms shipment | :00:47. | :00:56. | |
went on sale in Singapore and sold out in just over 24 hours. The race | :00:57. | :01:06. | |
was harvested about 60 kilometres from the Fukushima nuclear plant. | :01:07. | :01:13. | |
If this goes well, it could mark a turning point for Fukushima's | :01:14. | :01:17. | |
farmers. It is only 60 bags of rice, but it is the first shipment to be | :01:18. | :01:23. | |
exported from the region since foreign retailers shunned it in the | :01:24. | :01:25. | |
wake of the nuclear disaster in 2011. TRANSLATION: We brought in 60 | :01:26. | :01:34. | |
bags. 300 kilograms in total. In 24 hours, half has been sold. The proof | :01:35. | :01:40. | |
is in the eating. That is why they decided to cook some of the race for | :01:41. | :01:44. | |
people to taste. Some have agreed to trade. Is it OK? It is normal. Would | :01:45. | :01:52. | |
you be worried about eating rice from Fukushima? No. If it is... I am | :01:53. | :02:03. | |
sure they have done enough tests. Trade officials from Japan have come | :02:04. | :02:06. | |
to Singapore to reassure potential buyers. One of them explains to me | :02:07. | :02:11. | |
how the race is tested before it can be exported. There is no hiding | :02:12. | :02:18. | |
weapons rice has come from. Each bag has a sticker saying it is a product | :02:19. | :02:22. | |
from Fukushima. But what is important is this label. It says it | :02:23. | :02:28. | |
has been cleared by radiation testing and is certified as safe to | :02:29. | :02:32. | |
eat. Singapore was deliberately chosen as | :02:33. | :02:37. | |
the first export market. TRANSLATION: Singapore is very | :02:38. | :02:41. | |
strict about food safety. We hope it has been proved and people will | :02:42. | :02:46. | |
realise it is safe. That is why there is so much at stake. The | :02:47. | :02:49. | |
tsunami and earthquake which crippled the nuclear plant spilt | :02:50. | :02:56. | |
radioactive material across nearby towns and farmland. A region once | :02:57. | :03:02. | |
known for its high`quality rice and fruit became a wasteland. Rice | :03:03. | :03:09. | |
exports of 100 tons each year, mainly to Hong Kong and Taiwan, | :03:10. | :03:12. | |
became zero. That date is at the front of the | :03:13. | :03:21. | |
minds of some shoppers. That is the main reason? Fukushima's farmers may | :03:22. | :03:30. | |
have a tougher time selling it to other markets. But there is plenty | :03:31. | :03:35. | |
of public debate about whether the rice is said to eat. Japanese | :03:36. | :03:40. | |
authorities know they have a big challenge overcoming those concerns. | :03:41. | :03:47. | |
Jackson hole in the American state of Wyoming, that was the destination | :03:48. | :03:53. | |
for the annual get`together hosted by the chair of the US Federal | :03:54. | :03:58. | |
reserve. There was plenty to discuss, including how to manage the | :03:59. | :04:01. | |
relationship between unemployment and inflation. But the question | :04:02. | :04:06. | |
hanging over proceedings was, when our US interest rates going up? I | :04:07. | :04:15. | |
asked what that will mean for Asian markets. Just explain what she means | :04:16. | :04:22. | |
by this. The unemployment rate is around 6.5%. People are hiring in | :04:23. | :04:29. | |
the US, but also more people are getting back into the labour force. | :04:30. | :04:35. | |
She thinks the market will go up and up. That is good news. The effect of | :04:36. | :04:43. | |
that on Asian producers, more people are getting jobs and they should get | :04:44. | :04:47. | |
more products. That should be good news for Asia. Last year we saw a | :04:48. | :04:52. | |
massive meltdown for emerging markets. Many in Asia were dismayed | :04:53. | :04:59. | |
when the Fed said that they would raise interest rates. Do you think | :05:00. | :05:03. | |
they are more resilient now? Definitely. I do not know why they | :05:04. | :05:15. | |
were expecting it. But they have taken a hit on that. When the Fed | :05:16. | :05:26. | |
papers and removes, we should not see much of an effect on the stock | :05:27. | :05:29. | |
markets around the world, or even currencies. | :05:30. | :05:34. | |
The ten members of Association of Southeast Asian Nations form an | :05:35. | :05:43. | |
economic community. The 600 million people would be able to work within | :05:44. | :05:49. | |
any country. This could have challenges as well as opportunities. | :05:50. | :05:53. | |
I asked how this would affect the region. Southeast Asia is to be | :05:54. | :05:59. | |
classified under Asia, Asia`Pacific, far east. Now it | :06:00. | :06:05. | |
stands up as a region in its own right. And that can, that sort of | :06:06. | :06:20. | |
mindset as how one looks at it can only intensify. That of course will | :06:21. | :06:33. | |
see a lot of government reform. On the private sector side, we already | :06:34. | :06:39. | |
see increased collaboration, investments, throughout the region. | :06:40. | :06:51. | |
The Chinese carmaker BYD, supported by Warren Buffett, posted a slump. | :06:52. | :06:58. | |
There was an offset in the search of its electric car business. | :06:59. | :07:06. | |
A Chinese oil giant has beaten a forecast in profits. It was the $2 | :07:07. | :07:10. | |
billion, compared to 2.2 billion other. `` $3 billion. | :07:11. | :07:18. | |
Dialogue between India and Pakistan has again been derailed. A talk | :07:19. | :07:24. | |
scheduled to be held in Islamabad today was called off after | :07:25. | :07:32. | |
Pakistan's ambassador met Kashmir separatist leaders. We have been | :07:33. | :07:37. | |
looking at the lost business and trade opportunities between the two | :07:38. | :07:41. | |
countries. Ties between the neighbours have been growing and | :07:42. | :07:45. | |
hopes that the delicate and troubled relationship would be improved have | :07:46. | :07:49. | |
been sparked by the new Indian Prime Minister inviting the Pakistani | :07:50. | :07:53. | |
President to visit. HS2 seen as unprecedented. But all | :07:54. | :07:58. | |
too quickly, over the touchy issue of Kashmir, relations have once | :07:59. | :08:06. | |
again soured. And that means trade ties which are already very limited | :08:07. | :08:12. | |
could also suffer. Our trade is $2.6 billion. It is nothing. Illegal | :08:13. | :08:20. | |
trade is twice as much. So is third`party trade. This is a tax on | :08:21. | :08:29. | |
everybody, the Pakistani government, the Indian government and the Indian | :08:30. | :08:35. | |
people. India often gets onions from Pakistani and Islamabad depends on | :08:36. | :08:44. | |
Delhi for wheat exports. From Mumbai, India's is this capital and | :08:45. | :08:52. | |
an important port on the country's West Coast, Karachi is just about | :08:53. | :08:56. | |
1000 kilometres away. A short distance for cargo ships and not | :08:57. | :09:01. | |
long for passengers either. It is a link that could benefit both | :09:02. | :09:03. | |
countries if it was open to free traffic. But so far security | :09:04. | :09:10. | |
concerns have stopped that. This is one of the few places along the | :09:11. | :09:14. | |
border that allows trade between the countries. While India has no | :09:15. | :09:19. | |
restriction on imports and exports, there are more than 1200 Indian | :09:20. | :09:25. | |
products banned from Pakistan, including garments and textiles. | :09:26. | :09:30. | |
Here in India, the Prime Minister has made it clear that he wants to | :09:31. | :09:35. | |
strengthen ties in South Asia. Despite the political conflict in | :09:36. | :09:39. | |
Pakistan, there is a realisation that without improving that | :09:40. | :09:42. | |
relationship, this may never be possible. | :09:43. | :09:49. | |
That was on India business report, you can tune in every weekend. | :09:50. | :09:58. | |
A quick look at the markets. They are all fairly mixed in Asia. Gains | :09:59. | :10:07. | |
due to the weaker yen, the US dollar incredibly strong. It has gone up to | :10:08. | :10:13. | |
an 11 month high. That has been propelling Japanese stocks higher. | :10:14. | :10:20. | |
That increases profits. However, others lowered taking their cues | :10:21. | :10:27. | |
from New York. And of course, the comments about the Fed continuing to | :10:28. | :10:34. | |
be cautious about interest rates. That is it for this edition of Asia | :10:35. | :10:36. | |
Business Report. Thank you for watching. | :10:37. | :10:44. | |
This is BBC News. Here are the headlines: Richard Attenborough, | :10:45. | :10:49. | |
widely regarded as one Briton's greatest actors and some directors, | :10:50. | :10:54. | |
has died at the age 90. An American journalist kidnapped | :10:55. | :10:58. | |
nearly two is ago has been freed and handed over to the United Nations. | :10:59. | :11:01. | |
A British man | :11:02. | :11:02. |