Browse content similar to 05/02/2016. Check below for episodes and series from the same categories and more!
Line | From | To | |
---|---|---|---|
Can the world's bestselling car maker, to go to, beat the global | :00:18. | :00:26. | |
slowdown? -- Toyota. And what is the top of the shopping list for the | :00:27. | :00:36. | |
Lunar New Year? Welcome to Asia Business Report. I am Sharanjit Leyl | :00:37. | :00:41. | |
in Singapore. Toyota reports its latest profit numbers shortly by the | :00:42. | :00:47. | |
industry is facing headwinds from a global slowdown, especially in | :00:48. | :00:54. | |
China. I asked Yoshiaki how this may affect Toyota. The economy sector is | :00:55. | :01:02. | |
a little bit slowed down, yes. But on the other hand, China, the | :01:03. | :01:05. | |
government has released already, for some stimulus demand, the tax | :01:06. | :01:13. | |
incentives, by cutting 50% off, so, that will be some of the growth of | :01:14. | :01:23. | |
the tailwind for the market. Obviously, the dedicated model for | :01:24. | :01:26. | |
the China market and smaller size vehicles are doing great for the | :01:27. | :01:32. | |
moment. It is until the end of this year, while the taxation incentive | :01:33. | :01:37. | |
goes around, it is still... We have also had other fact is, including | :01:38. | :01:46. | |
the weaker yen, which makes Toyota's profits larger from | :01:47. | :01:54. | |
overseas. -- factors. But will it remain the top seller? The stronger | :01:55. | :02:00. | |
market in North America, the booming market, because of the interest rate | :02:01. | :02:06. | |
still being low, and fuel pump prices being loaded, pushing up the | :02:07. | :02:19. | |
demand for Toyota... In other news, shares in Matel, which makes Barbie | :02:20. | :02:26. | |
dolls, jumped 8% after discussions with Hasbro for a merger. They have | :02:27. | :02:30. | |
lost market share to Hasbro over the last two years which makes Lego. And | :02:31. | :02:39. | |
AGL is winding down coal seam gas operations due to commodity prices. | :02:40. | :02:44. | |
Exploration could lead to an environmental catastrophe according | :02:45. | :02:51. | |
to analysts. Indonesia now. The latest growth numbers are out | :02:52. | :02:54. | |
shortly. They are expected to show a modest pickup compared to last year. | :02:55. | :02:59. | |
With the collapse in commodity prices and in China, a key partner, | :03:00. | :03:06. | |
many expect them to be the weakest in six years. I asked Tony Nash how | :03:07. | :03:12. | |
this is likely to affect Indonesia's of. We still see | :03:13. | :03:17. | |
investment coming in from China. -- growth. There is still foreign | :03:18. | :03:25. | |
investment. But, we have seen some of the trade swell, which is usual | :03:26. | :03:31. | |
with the slow of exports and imports with China. You mention foreign | :03:32. | :03:36. | |
investment. Will that still becoming him? We might not be at reflected in | :03:37. | :03:47. | |
these numbers today. -- be coming in. Think about the Jakarta bombing. | :03:48. | :03:56. | |
On some level, people discount that a bit in Indonesia. There is a wider | :03:57. | :03:59. | |
risk expectation in Indonesia. So it may cause people to pause. But I | :04:00. | :04:04. | |
don't think it would cause them to halt investment. The bigger factor | :04:05. | :04:09. | |
would the energy investments and commodity related investments that | :04:10. | :04:13. | |
will slow in the coming year. Scandals around match-fixing were | :04:14. | :04:18. | |
sporting games are manipulated to help people win money have | :04:19. | :04:23. | |
undoubtedly damaged the reputation of cricket in India. -- where. There | :04:24. | :04:27. | |
has been a recommendation to legalise betting on the game to help | :04:28. | :04:32. | |
root out corruption. But it is highly controversial is. We have | :04:33. | :04:37. | |
more from goodbye. -- controversial. It is nearly race time. -- Mumbai. | :04:38. | :04:46. | |
As these courses go to the track activity in the betting hall is | :04:47. | :04:52. | |
picking up as well. -- horses. -- hall. Horse racing is the only sport | :04:53. | :05:02. | |
where betting in India is legal. You will find licensed bookmakers | :05:03. | :05:05. | |
accepting bets from punters. This is an example of how gambling can be | :05:06. | :05:10. | |
legalised across the area. For now, though, with most gambling outlawed, | :05:11. | :05:17. | |
the underground sports betting market is rising. The bold plan the | :05:18. | :05:23. | |
money is better on cricket. Bookmakers tends to take bets from | :05:24. | :05:28. | |
gamblers they know to reduce the risk of getting caught. -- bulk of. | :05:29. | :05:34. | |
They say they would rather be able to gamble under the shadows. | :05:35. | :05:40. | |
TRANSLATION: Were all scared of the police. That is why I have to be | :05:41. | :05:43. | |
careful when placing my bed. -- we're. -- bet. I think gambling | :05:44. | :05:51. | |
should be legalised as so many do should be legalised as so many do | :05:52. | :05:55. | |
it. It may still be India's favoured sport but cricket took a massive hit | :05:56. | :06:01. | |
after a scandal in the Indian League came to light. As games like | :06:02. | :06:07. | |
football gets more popular, interesting betting on them is | :06:08. | :06:11. | |
picking up as well. But for that to be done legally we need Parliament | :06:12. | :06:16. | |
to agree. And that could be a difficult law to pass through. BB | :06:17. | :06:25. | |
is. -- BBC News. We are very close to Lunar New Year. Preparations are | :06:26. | :06:35. | |
under way in much of Asia. One delicacy that is popular is the | :06:36. | :06:40. | |
abalone. We have gone to the largest exporter in China. -- for China in | :06:41. | :06:49. | |
South Africa. Abalone has been harvested for thousands of years in | :06:50. | :06:54. | |
South Africa. As modern demand for the products, especially in Asia, | :06:55. | :06:58. | |
grew, abalone farmers began to appear. Almost all of it is exported | :06:59. | :07:06. | |
to Asia. But with recent economic turbulence, especially in China, | :07:07. | :07:09. | |
producers have had to learn to adapt. Up until 2008 -2009 we could | :07:10. | :07:16. | |
essentially pushed any volume in and it would be absorbed at high prices | :07:17. | :07:21. | |
without any risk to the supply-side. We are now selling more | :07:22. | :07:26. | |
and more of our product to the everyday consumer. We are seeing a | :07:27. | :07:32. | |
bigger demand for smaller sizes. That means we have to adapt. We are | :07:33. | :07:39. | |
meeting those demands. While South Africa accounts for just 3% of the | :07:40. | :07:44. | |
total global production it is the biggest producer of farmed outside | :07:45. | :07:51. | |
of Asia. The demand for abalone has been increasing steadily and that | :07:52. | :07:55. | |
has put significant pressure on the wild population. POLICE SIREN. Get | :07:56. | :08:02. | |
out of the boat. Poaching is a big issue. Not only from a | :08:03. | :08:06. | |
conservationist active but an economic one as well. Experts | :08:07. | :08:11. | |
estimate this could represent a third of total exports. But in spite | :08:12. | :08:16. | |
of this and having to adapt to changes in demand, producers | :08:17. | :08:23. | |
continue to expand here and remain hopeful that the long-standing | :08:24. | :08:25. | |
appetite for abalone will continue to grow. BBC News. It isn't just | :08:26. | :08:32. | |
about the food you have to prepare as head of the Lunar New Year. There | :08:33. | :08:37. | |
is a long list of things you can buy and spend money on. -- ahead. Less | :08:38. | :08:43. | |
see what we have been shopping for. -- Let's. CHINESE MUSIC. It is the | :08:44. | :08:53. | |
biggest event for Chinese families across the world. There is a lot to | :08:54. | :09:02. | |
do, plant, and by, ahead of the Year of the Monkey. And I have come to an | :09:03. | :09:06. | |
account to give you an insight. -- buy. After a big spring cleaning | :09:07. | :09:11. | |
families like to decorate their homes with flowers like these, | :09:12. | :09:14. | |
Cherry Blossoms and even bamboo. They represent longevity. A personal | :09:15. | :09:19. | |
favourite of mine is this. A long and elegant plant with very little | :09:20. | :09:25. | |
Blossoms. They represent the start of spring. -- blossoms. SPEAKING | :09:26. | :09:39. | |
CHINESE. And once the holiday season has started, feasting begins. | :09:40. | :09:43. | |
Families get together to snack on all types of Gbits together. That is | :09:44. | :09:50. | |
why bakeries are busy. -- tid bits. Pineapple tarts and almond cookies. | :09:51. | :09:57. | |
I will get some for myself. And as the saying goes, new year, new | :09:58. | :10:06. | |
start. One of the traditions is to get a brand-new outfit for the year. | :10:07. | :10:09. | |
If it is red and gold, all the better. I will wish our viewers a | :10:10. | :10:20. | |
very happy New Year. I cannot wait for the feasting. Especially | :10:21. | :10:22. | |
pineapple tarts. It will be quite next week on the market. Markets are | :10:23. | :10:27. | |
reacting to the economic news we have from the US which wasn't | :10:28. | :10:32. | |
particularly bright. And sang and China at the moment are very flat | :10:33. | :10:37. | |
and that is it for Asia Business Report at the moment. -- Hang Seng. | :10:38. | :10:40. | |
See you next time. | :10:41. | :10:53. |