Browse content similar to 08/12/2015. Check below for episodes and series from the same categories and more!
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Stacking one on top of the other. Overcapacity and slowing global | :00:17. | :00:25. | |
trade. Results from a giant merger. More on the way. And we go on a set | :00:26. | :00:34. | |
of a Filipino variety show which has broken social media records. Find | :00:35. | :00:37. | |
out why they have a long-term future. Good morning, Asia, hello, | :00:38. | :00:50. | |
world. Thank you for joining us on Asia Business Report. I am Rico | :00:51. | :00:53. | |
Hizon in Singapore. A record merger is on the cards in the global | :00:54. | :01:00. | |
shipping industry. In a 2.4 billion deal, they have agreed to by the | :01:01. | :01:08. | |
Orient Lines. It could be the biggest deal in almost a decade. -- | :01:09. | :01:16. | |
buy. We have the details. This is one of Asia's is used ports. A major | :01:17. | :01:23. | |
player that has helped them turn into a shipping hub is this. -- | :01:24. | :01:30. | |
busiest. It started at the national shipping line. Today, it is one of | :01:31. | :01:36. | |
the world's largest. 92 vessels servicing over 100 ports worldwide. | :01:37. | :01:45. | |
But slowing trade has hit them and they have racked up $4 billion in | :01:46. | :01:51. | |
debt. So they have been looking for a suitor. For us to compete | :01:52. | :01:55. | |
effectively we will require significant capital investment to | :01:56. | :01:59. | |
achieve the scale that is necessary for us to improve our competitive | :02:00. | :02:04. | |
position and stay competitive in this industry. And to be able to | :02:05. | :02:11. | |
take the capital investment in spite of the week conditions of the | :02:12. | :02:18. | |
industry. Now, this deal could be one of the biggest ever in the | :02:19. | :02:21. | |
global shipping industry. Companies have been under pressure to cut | :02:22. | :02:28. | |
costs, fell off the assets. -- there. Expect more consolidation to | :02:29. | :02:34. | |
come with next step's figures looming over us. We ask Lloyd's | :02:35. | :02:42. | |
whether more mergers are on the way. We already know there is a guarantee | :02:43. | :02:48. | |
coming from China between cost you an China Shipping. The two largest | :02:49. | :02:52. | |
shipping industries in the country. And the container lines for those | :02:53. | :02:58. | |
two companies will end up being the fourth largest in the world after | :02:59. | :03:04. | |
NOL. Is the industry consolidation help the? Of course. -- healthy. The | :03:05. | :03:14. | |
only way for companies to build strength is to build scale. There is | :03:15. | :03:18. | |
a real battle for scale going on in the market. But that doesn't stop | :03:19. | :03:23. | |
the problem. There is too much capacity on whether there will be | :03:24. | :03:28. | |
disposals and layouts. When will we see a turnaround in trade freight? | :03:29. | :03:34. | |
Because of the huge megaships that have come in and also the order book | :03:35. | :03:38. | |
we are expecting, more than 100 to come in over the next two years, the | :03:39. | :03:45. | |
earliest we can expect is 2017. 2016 is too early. And what about falling | :03:46. | :03:52. | |
oil prices? US crude at $27 per barrel. How will this impact than? | :03:53. | :03:57. | |
At the outset, before this extra capacity came in, it improved the | :03:58. | :04:03. | |
performance. -- them. They could take the lot of cost out to be but | :04:04. | :04:07. | |
is lower bumper price, fuel for these containerships, has been | :04:08. | :04:15. | |
around for a long time. -- bunker. They won't get much more help unless | :04:16. | :04:20. | |
it goes a good deal lower. Thank you. The continuing slow in price of | :04:21. | :04:28. | |
oil will affect the global economy. The prices are the lowest level | :04:29. | :04:30. | |
since the global financial crisis nearly seven years ago. There was a | :04:31. | :04:36. | |
broad sell-off of energy stocks on Wall Street and it comes after OPEC | :04:37. | :04:43. | |
members said they would maintain his record levels. -- these. The Sowetan | :04:44. | :05:00. | |
the oil prices stand at the moment. -- These are the. The lowest since | :05:01. | :05:08. | |
February 2009. As for Brent Crude, it is above that level. Data out of | :05:09. | :05:14. | |
Japan shows the economy was not actually in recession in the three | :05:15. | :05:18. | |
months till September. Preliminary government it has suggested that the | :05:19. | :05:24. | |
economy had shrunk by .8 of a percent but the latest figures | :05:25. | :05:29. | |
reveal that it grew by 1% in the third quarter compared to year ago | :05:30. | :05:42. | |
levels. The government has said Toshiba should have $60 million | :05:43. | :05:51. | |
fines over a profit padding scheme. It is worth looking at the possible | :05:52. | :05:55. | |
criminal charges over the former executives. Construction has been | :05:56. | :06:01. | |
halted in Beijing and half of the capital's cars taken off the streets | :06:02. | :06:07. | |
after the first ever red alert issued for hazardous air. This is | :06:08. | :06:09. | |
what we know about the code red. The bread alert status has been | :06:10. | :07:09. | |
raised due to unhealthy levels. -- red. Many of us watch it for | :07:10. | :07:14. | |
entertainment and news but advertisers are wondering if | :07:15. | :07:18. | |
television has a future or whether social media and the Internet will | :07:19. | :07:21. | |
eventually take over. This show in the Philippines, as you can see on | :07:22. | :07:26. | |
the screen, it drew up, it might be showing that the two are not | :07:27. | :07:31. | |
mutually exclusive. -- blew. It smashed the committee records in | :07:32. | :07:35. | |
October, generating millions of tweets in a few hours. Success | :07:36. | :07:43. | |
revolves around the chemistry of the stars, and they have a specific | :07:44. | :07:49. | |
hashtag. I asked one of TV is really dead. I don't think it is. It is | :07:50. | :07:58. | |
like, social media is the blood, Tete is the Dracula. You suck it out | :07:59. | :08:05. | |
and give the threat. -- TV. It is a symbiotic relationship. TV will not | :08:06. | :08:12. | |
be dead. It will go on as long as it can get this threat from social | :08:13. | :08:25. | |
media. SPEAKING ANOTHER LANGUAGE this is part of a new time variety | :08:26. | :08:32. | |
show going on for 36 years. Is it struggling financially? I would like | :08:33. | :08:39. | |
to say the financial aspect is not part of the programme. We are OK | :08:40. | :08:43. | |
with that. The problem is the challenge on how to get into social | :08:44. | :08:49. | |
media and the power and how to get the younger crowd, to keep them | :08:50. | :08:54. | |
going. Because of we do not get the younger crowd, what can happen in, | :08:55. | :09:01. | |
say, two years, or five years, it is like laying down the ground for the | :09:02. | :09:04. | |
next five years, if we cannot get the younger market and those people | :09:05. | :09:10. | |
who feed on social media, those people will always be on Instagram, | :09:11. | :09:17. | |
Facebook, social media, if we cannot get those people it will not | :09:18. | :09:22. | |
survive. So, what do you think is the winning formula for this | :09:23. | :09:26. | |
phenomenon? I don't know. I have learned many things. One, when you | :09:27. | :09:30. | |
see an opportunity, you have to grab it. Now that they have said they are | :09:31. | :09:41. | |
open to an off-camera relationship, what would you say to sceptics that | :09:42. | :09:44. | |
it is part of a clever marketing campaign to get more fans and | :09:45. | :09:53. | |
supporters? I don't want them to the visually a couple because if they | :09:54. | :09:57. | |
fight they will bring it on stage. But if they do, it is like with the | :09:58. | :10:06. | |
market, it is reality happening. That is part of the story. It is not | :10:07. | :10:11. | |
part of our stories of the before we go, here is a quick look at the | :10:12. | :10:16. | |
markets. -- stories. Asia is in negative territory. They have been | :10:17. | :10:22. | |
weighed down by a sharp decline in energy stocks. Japan, Hong Kong and | :10:23. | :10:28. | |
Australia, all in the red. Thank you for investing your time in us I am | :10:29. | :10:40. | |
Rico Hizon. Goodbye for now. -- us.. You are watching BBC News. Let's | :10:41. | :10:41. | |
bring you | :10:42. | :10:43. |