27/08/2014 Asia Business Report

A report has said that 1400 children in South Yorkshire were sexually

exploited over 15 years. It was suppressed by local authorities and

the police. Now, at this time for Asia Business Report. `` it is time

for. Pay`outs from the company behind the

Fukushima disaster in Japan. Just how hard will it hit Tepco? And,

milking the profits. Will China's dairy industry report show strong

prices in the face of deficits? Thank you for joining us.

Just what are the limits of corporate responsibility? That is a

question that has been considered by a court in Japan. It has ruled that

the company that owns the Fukushima powerplant is responsible for a debt

of a woman who committed suicide after the 2011 disaster. She and her

husband were forced to leave their home because of the radioactive

fallout from the facility. Tepco has been ordered to pay nearly half $1

million in compensation to Roxas in. `` her husband.

This man walked into court holding a picture of his dead wife. She fell

into deep depression after being forced from her home by the

Fukushima nuclear disaster. A month later, she took her own life. When

it came, the court's decision was emphatic. Tokyo Electric Power,

guilty of causing her death. At a press conference, her husband said

he was overwhelmed by the decision. TRANSLATION: When I heard the words,

there is a great causal relationship, my tears would not

stop. Mr Watanabe said he only wanted Tepco to apologise for the

misery it had caused his wife. This could open the way for many more to

pursue compensation from Tokyo Electric Power. According to initial

figures, more than 40 people have killed themselves since 2011 as a

result of nuclear disaster. Tens of thousands more were forced to flee

their homes after the disaster, and many still are unable to return now.

Then, there is the even more thorny issue of radiation related

illnesses. Hundreds of thousands of children are being screened for

possible thyroid cancer, and Tepco's legal problems now stretch

all the way to the US. A group of sailors who served in Japan during

the disaster is trying to vile and huge lawsuit against Tepco, saying

they are suffering from a host of rare illnesses because they were

exposed to radiation. For Tokyo Electric Power, it is clear this

ruling is just beginning. In other business news, Potts Hill,

`` Mozilla has launched a new low`cost smartphones in India.

Indians will only be able to buy the phone on India's online shopping

site. It will cost just over 30 US dollars. Globally, there are more

than a dozen companies fiercely competing in food. The industry is

dominated in China by a large dairy company, which revealed its

half`year earnings week. They are looking at other ways to make money,

and this company has recently decided to venture into the year of

business. Will this strategy payoff? We take a look at China's dairy

industry. All right, so it is a bull, not a

cow, but it is close enough, and it is right here in the centre of

Shanghai's financial district, where analysts arguing with some caution

one industry in particular, the dairy sector. Last year, as a result

of food safety is scarce and other scandals, there was an increased

demand for imported milk. But it seems China overdid it, and it is

now sitting on a huge stockpile, 400,000 tons or more of powdered

milk, and prices are being depressed as a result. The big dairy companies

will be hoping that the bid is short lived, and that China's changing

consumer habits mean that recovery is all but inevitable. TRANSLATION:

China is changing a lot, more Western food and European food. As

part of that, more milk and yoghurt as well? Why do you think that is?

Yoghurt, I love yoghurt. Delicious. People want to be European, to be

international. It is not so much like before, people eating rice

noodles every day. More like Europeans. As part of that, more

milk and more yoghurt? I think Joe Vitt is very popular, milk tastes

very simple and it doesn't smell very nice. Yoghurt is good for your

stomach and there is more health and it is good feel stomach. This is not

just good news for domestic producers, but the whole global

industry. It may be struggling with low prices at the moment, but the

consensus is that it shouldn't be too long. Maybe early next year

before it returns to its old, bullish form.

Are you happy with what you earn? Do you think you are in the running for

a pay rise? A new survey has shown that while salaries across the

Asia`Pacific are expected to increase next year, the higher cost

of living will probably chew up most of your extra money. Wages in China

could go up by 5% after inflation, and both will percent in Vietnam,

they will rise less than 1% in Japan. The industry you work in is

also important, with the biggest pay rises tipped for the pharmaceutical

and high`tech industries. We are speaking to someone who oversaw the

research. I think it really depends on the affordability. If your

revenues are rising more than the cost, then you can afford to be more

aggressive with your salary increases in the cost companies.

Another point to note is the differentiation. With budgets being

limited, you really need to differentiate between your average

employees, and your skilled employees. In Singapore, if the

average increases around 4.5%, that doesn't mean that everyone will get

4.5%. It can mean that for your high potentials or your critical skills

staff, the increase could be 8%, 10%, and for low performers, the

increase could be zero. Or, you can just get an inflation increase at

2%. You collected data from 2900 sets of responses across the region,

and the price hikes, the salary hikes will be in pharmaceuticals and

high`tech sectors. In the financial sector, we have been going through a

financial crisis over the past several years. Why still an

increased Sella I think if you look at the pharmaceutical sector has

posted the financial services sector, I think everyone needs some

point increase. That is because of inflation. Also, what we are seeing

in the sector is the basic shift from high variable pay to paying

more on the base salary front. That is a movement of the pay mix in

financial services. In a move that is set to create the world's

third`largest fast food chain, Burger King says it has bought

Canadian coffee and doughnuts chain Tim Hortons for around $11 billion.

This could have ramifications for many Burger King outlets here.

Burger King may have moved their headquarters to Canada, which may

help them save on tax. It is a deal bringing together

18,000 stores, together in 100 countries. Of course, there is big

money behind it. The majority shareholder will be a Brazilian

private equity company, and it will also involve money from one of the

world's richest men, billionaire investor Warren Buffett, who is

putting up some of the finance. To understand why Burger King is

getting into this, you can see the motto, we deliver. The problem is,

that the segment, or the demand for lunch and dinner at fast food places

hasn't really changed much. Two doors down is a doughnut shop, and

that is the only area that has been growing. That is why Burger King are

so keen to get their hands on the Canadian company, Tim Hortons, or

Tim's as it is known in this country. They will be keen to bring

that together with their burgers, which is not without controversy. It

centres around taxes. Burger King is moving its headquarters in to

Canada, the reason being, some say, to lower the tax bill that it pays.

The company's chief executive said that wasn't the case. Tax was not

the reason behind the deal, but there may be some scepticism.

Consumers have taken to social media to complain, and the White House in

the past has called these kinds of deals unpatriotic, but their

attempts to introduce a law to ban this failed, and they were unable to

pass a law in Congress before the summer recess. Thank you for joining

us. Our top stories: There have been

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