Browse content similar to 08/03/2016. Check below for episodes and series from the same categories and more!
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Water cannon Asian businesses do to get more women in positions of | :00:15. | :00:24. | |
power? We debate the issue now on International Women's Day -- can. | :00:25. | :00:26. | |
Tie when his efforts to encourage young people to drink tea the | :00:27. | :00:29. | |
traditional way -- Taiwan's. Good morning, Asia, | :00:30. | :00:45. | |
hello world. Glad you can join us. Japan's latest growth numbers are | :00:46. | :00:49. | |
out. They reveal the economy shrinking at an annualised 1.1% over | :00:50. | :00:56. | |
the last three months of 2015. Let's look at the comparisons. That is | :00:57. | :00:58. | |
better than the reading of negative 1.4%. One way Japan's government is | :00:59. | :01:06. | |
trying to spur growth is encouraging women to join the workforce. Today | :01:07. | :01:11. | |
is International Women's Day. We are looking at how they are faring. More | :01:12. | :01:17. | |
Japanese women are entering the workforce all the time. Only a tiny | :01:18. | :01:22. | |
fraction of them hold senior positions. While it is great news | :01:23. | :01:29. | |
and progress to see women working in Japan, we still have many females in | :01:30. | :01:34. | |
decision-making leadership positions, the government, directors | :01:35. | :01:39. | |
on private company wards at -- we still do not have many. The Prime | :01:40. | :01:45. | |
Minister had said he wanted to fill 30% of senior jobs with women by | :01:46. | :01:52. | |
2020. He has now/ that target with latest research showing Japanese | :01:53. | :01:56. | |
women hold just 8% of roles in companies compared with a global | :01:57. | :02:01. | |
average of 22% -- slashed. Many struggle to balance their careers | :02:02. | :02:06. | |
with motherhood. TRANSLATION: I agree with the government's approach | :02:07. | :02:11. | |
that those who take maternity leave me to return to work. But there is a | :02:12. | :02:15. | |
lack of discussion about how to apply this to real working | :02:16. | :02:22. | |
situations. Last week, there was much fanfare as Japanese girls were | :02:23. | :02:28. | |
celebrated on Girls' Day. The challenge now is to create an | :02:29. | :02:31. | |
environment where young people can grow up to fulfil their hopes and | :02:32. | :02:38. | |
dreams, whatever they may be. So, what is the situation in the rest of | :02:39. | :02:43. | |
Asia compared with Japan? I spoke with an advisory company. And with a | :02:44. | :02:50. | |
senior partner and champion of diversity. The world economic forum | :02:51. | :02:57. | |
statistics says it will take 117 years to achieve gender parity. That | :02:58. | :03:03. | |
is a long way to go. Here in Asia, in Singapore, we are woefully short | :03:04. | :03:08. | |
of where we need to be. If we look at the level of female participation | :03:09. | :03:14. | |
of boards it is 9.5%. That is the average for the whole of ASEAN. | :03:15. | :03:21. | |
Across Asia in total there is only Malaysia, Australia and New | :03:22. | :03:27. | |
Zealand... (CROSSTALK). Those single digit numbers are disappointing. Why | :03:28. | :03:31. | |
aren't we seeing enough women in top positions in the region? S I think | :03:32. | :03:37. | |
what happens is women start in great numbers at the junior levels and | :03:38. | :03:41. | |
then they taper off dramatically -- I think. You already have a talent | :03:42. | :03:48. | |
pool which is limited. By the time it gets to this senior roles, it is | :03:49. | :03:53. | |
clear. Are they only looking for positions in certain industries, and | :03:54. | :04:01. | |
not willing to go into a profit and loss, revenues, other types of | :04:02. | :04:05. | |
businesses? I can share my experience in wealth management | :04:06. | :04:11. | |
across countries. Women start looking at support functions. The | :04:12. | :04:14. | |
first preference would be human resources, accounting or | :04:15. | :04:18. | |
compliance. That is because I think they feel that education and | :04:19. | :04:22. | |
qualifications will match and they will deliver excellence. In profit | :04:23. | :04:30. | |
and loss or revenue lines, it is a grey area. Why are women in Asia | :04:31. | :04:37. | |
only looking for jobs in structured positions, why not something more | :04:38. | :04:42. | |
unstructured? If you look at the way people have been working over the | :04:43. | :04:47. | |
last few decades, it has been about structured operations, and females | :04:48. | :04:50. | |
have maybe struggled with managing work-life balance. I think as we | :04:51. | :04:55. | |
move forward, we have to look at new ways of working to increase female | :04:56. | :05:00. | |
participation and give males more flexibility in the workforce. If | :05:01. | :05:03. | |
males have more flexibility in the workforce, that allows females to | :05:04. | :05:08. | |
have more flexibility. You are saying that men should play a big | :05:09. | :05:14. | |
role in terms of promoting women empowerment? Gender diversity and | :05:15. | :05:18. | |
parity is a male issue as much as it is a female issue. As we move | :05:19. | :05:23. | |
forward, business leaders, the 90%, have a huge role to play. The | :05:24. | :05:30. | |
thinking of many people is that you have to work from nine to five, you | :05:31. | :05:34. | |
have to work overtime, to be able to get the job done. But with what | :05:35. | :05:39. | |
Jonathan has said, technology plays a major role for women to get into | :05:40. | :05:46. | |
leading positions. They should embrace technology. The stage is | :05:47. | :05:50. | |
set. They can do this out of home and out of the workplace. There is | :05:51. | :05:55. | |
no 95 role, I am afraid, in wealth management. It is very much nine to | :05:56. | :06:02. | |
12 or longer -- 95 role. You need to change the mindset. -- nine to five | :06:03. | :06:16. | |
role. Technology is very much an enabler right now. Could commodity | :06:17. | :06:23. | |
prices be turning around? Oil prices have surged higher, pushing Brent | :06:24. | :06:29. | |
above $40 per barrel. Saudi Arabia, Russia and Qatar agreed to freeze | :06:30. | :06:33. | |
output at January levels last month if other producers followed suit. | :06:34. | :06:38. | |
Iron ore prices are staging a turnaround, with a near record 19%, | :06:39. | :06:46. | |
and investors have hopes with Chinese positives. For disk you will | :06:47. | :06:54. | |
have a stake in the company from Brazil with a Mac in the quality of | :06:55. | :06:58. | |
iron ore produced by the rival Rio Tinto, which is seen as a benchmark | :06:59. | :07:04. | |
in mainland China. The memoranda of understanding could see Vale | :07:05. | :07:09. | |
purchase 15% of the rivals' shares -- with a jump in the quality. If | :07:10. | :07:13. | |
you are watching us, maybe you are drinking a cup of tea. Did you know | :07:14. | :07:19. | |
that it is worth $4.5 billion to the economy of Taiwan? It was once one | :07:20. | :07:25. | |
of the island's best-known and most consumed products. These days coffee | :07:26. | :07:29. | |
and sugary drinks are more popular. Some businesses are trying to revive | :07:30. | :07:34. | |
appreciation for once was once an integral part of society. These | :07:35. | :07:42. | |
hills used to be covered with tea farms. When tea was a prized | :07:43. | :07:48. | |
commodity, an essential part of life in Taiwan. Now, only small plots | :07:49. | :07:53. | |
remain, and mostly middle-aged and elderly farmers tend the field. That | :07:54. | :07:56. | |
is because there are fewer people drinking tea. This is how most | :07:57. | :08:02. | |
Taiwanese people drank tea. It is carefully brewed and one sit at a | :08:03. | :08:08. | |
time from tiny cups. But nowadays it is hard to find young people | :08:09. | :08:11. | |
drinking tea the traditional way. In fact, they call this all people's | :08:12. | :08:18. | |
tea. This is what is popular to date, especially among young people, | :08:19. | :08:23. | |
cold drinks that include Taiwan's world-famous bubble tea. They can be | :08:24. | :08:28. | |
found everywhere and make up two thirds of earnings in the tea | :08:29. | :08:32. | |
industry. They contain very little tea and sugar is almost always | :08:33. | :08:38. | |
added. Bottled tea meanwhile rakes in 20%, and tea leaves and amount to | :08:39. | :08:45. | |
only 13% of total revenue. But some tea lovers are trying to reverse | :08:46. | :08:50. | |
this trend. This cafe doesn't serve coffee, only tea. The aim is to | :08:51. | :08:55. | |
entice young people to not only by the cans of leaves to take home but | :08:56. | :09:04. | |
stay here to enjoy Taiwan's famous oolong and other blends. | :09:05. | :09:10. | |
TRANSLATION: In Europe I noticed Europeans really enjoy drinking tea | :09:11. | :09:13. | |
but when I came back to Taiwan I found young people think drinking | :09:14. | :09:16. | |
tea is old-fashioned. I want to make tea trendy again and make Taiwanese | :09:17. | :09:24. | |
tea known around the world. Third generation farmers like this man are | :09:25. | :09:28. | |
also trying to repackage tea to make it more appealing. His soft soil ice | :09:29. | :09:38. | |
cream, made from green tea, and his tea latte, are very popular. | :09:39. | :09:42. | |
TRANSLATION: At selling side products made from TI meet 50% more | :09:43. | :09:49. | |
revenue but I still focus on tea as a business. It is part of culture | :09:50. | :09:55. | |
and we want to preserve this culture for our children and grandchildren | :09:56. | :10:00. | |
-- tea. Tea farms are turned also into tourist attractions to boost | :10:01. | :10:04. | |
earnings for the industry and raise interest. Brightening the horizon | :10:05. | :10:11. | |
for the island's homegrown brew. In the markets, as you can see, the | :10:12. | :10:17. | |
market boards are lacklustre, after over the last couple of days, with | :10:18. | :10:22. | |
dips in US stocks as momentum fades after a four-day winning streak. You | :10:23. | :10:27. | |
have the stronger yen pushing exporter stocks down 1.2%. Thank you | :10:28. | :10:32. | |
so much for investing your time with | :10:33. | :10:33. |