05/02/2016 Asia Business Report


05/02/2016

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Can the world's bestselling car maker, to go to, beat the global

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slowdown? -- Toyota. And what is the top of the shopping list for the

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Lunar New Year? Welcome to Asia Business Report. I am Sharanjit Leyl

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in Singapore. Toyota reports its latest profit numbers shortly by the

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industry is facing headwinds from a global slowdown, especially in

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China. I asked Yoshiaki how this may affect Toyota. The economy sector is

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a little bit slowed down, yes. But on the other hand, China, the

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government has released already, for some stimulus demand, the tax

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incentives, by cutting 50% off, so, that will be some of the growth of

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the tailwind for the market. Obviously, the dedicated model for

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the China market and smaller size vehicles are doing great for the

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moment. It is until the end of this year, while the taxation incentive

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goes around, it is still... We have also had other fact is, including

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the weaker yen, which makes Toyota's profits larger from

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overseas. -- factors. But will it remain the top seller? The stronger

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market in North America, the booming market, because of the interest rate

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still being low, and fuel pump prices being loaded, pushing up the

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demand for Toyota... In other news, shares in Matel, which makes Barbie

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dolls, jumped 8% after discussions with Hasbro for a merger. They have

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lost market share to Hasbro over the last two years which makes Lego. And

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AGL is winding down coal seam gas operations due to commodity prices.

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Exploration could lead to an environmental catastrophe according

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to analysts. Indonesia now. The latest growth numbers are out

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shortly. They are expected to show a modest pickup compared to last year.

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With the collapse in commodity prices and in China, a key partner,

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many expect them to be the weakest in six years. I asked Tony Nash how

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this is likely to affect Indonesia's of. We still see

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investment coming in from China. -- growth. There is still foreign

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investment. But, we have seen some of the trade swell, which is usual

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with the slow of exports and imports with China. You mention foreign

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investment. Will that still becoming him? We might not be at reflected in

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these numbers today. -- be coming in. Think about the Jakarta bombing.

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On some level, people discount that a bit in Indonesia. There is a wider

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risk expectation in Indonesia. So it may cause people to pause. But I

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don't think it would cause them to halt investment. The bigger factor

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would the energy investments and commodity related investments that

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will slow in the coming year. Scandals around match-fixing were

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sporting games are manipulated to help people win money have

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undoubtedly damaged the reputation of cricket in India. -- where. There

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has been a recommendation to legalise betting on the game to help

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root out corruption. But it is highly controversial is. We have

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more from goodbye. -- controversial. It is nearly race time. -- Mumbai.

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As these courses go to the track activity in the betting hall is

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picking up as well. -- horses. -- hall. Horse racing is the only sport

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where betting in India is legal. You will find licensed bookmakers

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accepting bets from punters. This is an example of how gambling can be

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legalised across the area. For now, though, with most gambling outlawed,

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the underground sports betting market is rising. The bold plan the

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money is better on cricket. Bookmakers tends to take bets from

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gamblers they know to reduce the risk of getting caught. -- bulk of.

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They say they would rather be able to gamble under the shadows.

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TRANSLATION: Were all scared of the police. That is why I have to be

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careful when placing my bed. -- we're. -- bet. I think gambling

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should be legalised as so many do should be legalised as so many do

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it. It may still be India's favoured sport but cricket took a massive hit

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after a scandal in the Indian League came to light. As games like

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football gets more popular, interesting betting on them is

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picking up as well. But for that to be done legally we need Parliament

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to agree. And that could be a difficult law to pass through. BB

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is. -- BBC News. We are very close to Lunar New Year. Preparations are

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under way in much of Asia. One delicacy that is popular is the

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abalone. We have gone to the largest exporter in China. -- for China in

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South Africa. Abalone has been harvested for thousands of years in

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South Africa. As modern demand for the products, especially in Asia,

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grew, abalone farmers began to appear. Almost all of it is exported

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to Asia. But with recent economic turbulence, especially in China,

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producers have had to learn to adapt. Up until 2008 -2009 we could

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essentially pushed any volume in and it would be absorbed at high prices

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without any risk to the supply-side. We are now selling more

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and more of our product to the everyday consumer. We are seeing a

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bigger demand for smaller sizes. That means we have to adapt. We are

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meeting those demands. While South Africa accounts for just 3% of the

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total global production it is the biggest producer of farmed outside

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of Asia. The demand for abalone has been increasing steadily and that

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has put significant pressure on the wild population. POLICE SIREN. Get

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out of the boat. Poaching is a big issue. Not only from a

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conservationist active but an economic one as well. Experts

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estimate this could represent a third of total exports. But in spite

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of this and having to adapt to changes in demand, producers

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continue to expand here and remain hopeful that the long-standing

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appetite for abalone will continue to grow. BBC News. It isn't just

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about the food you have to prepare as head of the Lunar New Year. There

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is a long list of things you can buy and spend money on. -- ahead. Less

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see what we have been shopping for. -- Let's. CHINESE MUSIC. It is the

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biggest event for Chinese families across the world. There is a lot to

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do, plant, and by, ahead of the Year of the Monkey. And I have come to an

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account to give you an insight. -- buy. After a big spring cleaning

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families like to decorate their homes with flowers like these,

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Cherry Blossoms and even bamboo. They represent longevity. A personal

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favourite of mine is this. A long and elegant plant with very little

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Blossoms. They represent the start of spring. -- blossoms. SPEAKING

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CHINESE. And once the holiday season has started, feasting begins.

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Families get together to snack on all types of Gbits together. That is

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why bakeries are busy. -- tid bits. Pineapple tarts and almond cookies.

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I will get some for myself. And as the saying goes, new year, new

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start. One of the traditions is to get a brand-new outfit for the year.

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If it is red and gold, all the better. I will wish our viewers a

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very happy New Year. I cannot wait for the feasting. Especially

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pineapple tarts. It will be quite next week on the market. Markets are

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reacting to the economic news we have from the US which wasn't

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particularly bright. And sang and China at the moment are very flat

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and that is it for Asia Business Report at the moment. -- Hang Seng.

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See you next time.

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