17/02/2016 Asia Business Report

Now on BBC News all the latest business news live from Singapore.

The first summit on US soil with ten south-east Asian leaders wraps up.

What difference will it make back home? The Australians planning to

give new refugees a taste of a better life. Good morning, Asia,

hello, world, glad you can join us. President Obama has used the first

ASEAN meeting on US soil to reiterate his belief in the

importance of Asia to his country's future. Leaders from ten south-east

Asian nations have gathered in America and trade has been the

centre stage. 2-way trade and investment between America and

Southeast Asia is growing and President Obama says it will

continue to do so with the signing of the multinational transpacific at

the ship. -- Trans-Pacific Partnership. I have pledged the

United States will be a partner in ASEAN efforts to integrate economies

and reduce barriers to trade. I and also announcing a new initiative.

US-ASEAN Connect, co-ordinating engagement, entrepreneurs and his

nurses with each other. I spoke with an Asian economists at HSBC --

entrepreneurs and businessmen. The most important point is most likely

the TPP to the rest of the members of ASEAN. We have Singapore,

Malaysia, Vietnam and Brunei at members of TPP and meanwhile

Philippines and Thailand have expressed interest -- are. Obama

wants to promote the reach of TPP which comes at a good time for US

and ASEAN relations, especially as ASEAN integrate into the community.

Breaking down barriers to trade, services and investment is important

to boosting growth. The ASEAN community of 600 million consumers

will be a major benefit for American businesses. Exactly. The US is the

main source of investment in ASEAN and in creating this community it

breaks down barriers within ASEAN to create a single production base

similar to the EU. Not as ambitious and it would take time to be

perfected but what it does is gives US companies access to a single

market for production and also in terms of consumers to make it a

better value proposition. Oil prices falling despite Saudi Arabia and

Russia freezing oil output at January levels if other producers

follow suit. Administrators met in Doha with counterparts from

Venezuela and Qatar. Prices have sunk from their peak of 160 dollars

US per barrel in June 2014. The biggest Aerospace airshow is in full

swing in Singapore. We are joined by our correspondent from inside a

brand-new state-of-the-art aircraft. Are you ready for takeoff?! Not just

yet but very soon. I am standing inside the cabin of a E2 jet which

would take off later this month. It is extremely optimistic, this

manufacturer, about the outlook for the sales of planes across the

region, just like Airbus and Boeing have been saying. They say they are

going to sell 1500 planes over the next 20 years in Asia are worth $75

billion. Let's find out this company is feeling so optimistic. Joining me

to talk about some of these issues is the CEO of president of Embraer,

Paolo Silver. Thank you for joining us on the BBC. Why are you feeling

ever so optimistic about the outlook for commercial aviation in this part

of the world given the global economic uncertainty? We are right

in the heart of the Asia-Pacific, starting in China, huge population,

Indonesia and India. Emerging markets are growing fast. Nowadays,

economies are not growing as fast as they used to be, in the last years,

however it is still growing and aviation has a huge growth in this

area. China, for instance, China will grow this year in terms of the

economy around 6%. Aviation is going to be 10%. We have heard from some

airlines, your customers effectively, that they are concerned

about the outlook. That is having an impact on their business and bottom

lines. Went that translate into less orders for you? Not yet in aviation.

It is still growing. Globally, it is to grow at around 6%. We have to

depend on countries in the region. We are doing this new jet, the

second generation of the E jet family to be launched at the end of

this month. The first flight at the end of this year. Tell me about the

Chinese market. You say it is a very lucrative possible opportunity. It

has been hard for some companies to crack that market. We've been in

China for the last 11 years. We have 150 jets flying in China with a

market share tour of about 85% in our Whitefield. -- share. You are

not concerned about ongoing concerns and worries that growth is slowing

down? -- in our field. Not at all. They are growing 150 regional

airports to be built in the next two years with 1.2 billion people, so it

is still huge growth. Thank you so much for joining us. We will have

more from the airshow in the next couple of hours. Enjoy yourself.

Australia has pledged to offer century to 12,000 people fleeing

conflict in Syria but one big question is what will those refugees

do when they get there? Two Sydney sisters are doing their bit to

help, planning hospitality training for refugees in their Syrian family

restaurant, and they have enlisted help from industry colleagues, as

our correspondent reports, as part of the series on the business of

giving. Hospitality can be hot and hard work but it could give migrants

at the start they need to prosper in a new country. Carol and Sharon run

a middle eastern restaurant in Sydney. With friends in the industry

they're putting together a training programme to help refugees from

Syria find a job. It makes good business sense for anyone, really. A

lot of people that come from overseas and work in Australia,

that's all they want to do, they want to work, they want to create a

life for themselves - they're not lazy and they will take on any job

they can. Training and work experience will be offered at

various restaurants and it is hoped skills passed on to the refugees

will lead to a productive future. 8-10 leaves, so you can just

approximate. These are the skills that you would be imparting to the

refugees when they come? Of course, yeah. Salads are a big part of this

food. Sharon and Carol's parents came to Australia from Syria more

than 40 years ago and they want to do their bit to help those displaced

by fighting. We have so much family still in Syria. That could be our

parents' families that could be coming as refugees. When that lucky

enough that's not the case but it could have been one of the many

ideas and articles and cousins we have over there at the moment -- one

of the many items and uncles. Why wouldn't we help? Newly arrived

refugees are from the Syrian city of Homs -- aunties. Fearing for their

lives they flew in to Sydney at the end of December from Egypt. His aim

is to set up a catering business but he needs help and guidance.

TRANSLATION: It is very important for me to find a good job. I don't

want to depend on the Australian government. I want to establish my

own business for my own sake and for my families' sake. -- family's sake.

Australia is one of the most multicultural places on earth, and

successive waves of migrants have thrived here. But refugees have far

higher rates of unemployment than the general population, and fitting

in is not always easy. So, the Syrians being offered a century in

Australia will need all the help they can get. -- sanctuary. Before

we go, a quick look at markets, and Asia is currently mixed to higher at

this hour after the second straight day of gains for the US market with

the Nikkei and Hang Seng in positive territory but with local oil prices

the all ordinaries index is down by four points. Thank you so much for

investing your time with us. I am Rico