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Now on BBC News all the latest business news live from Singapore. | :00:00. | :00:12. | |
They may have football star Lionel Messi on their side, but will it be | :00:13. | :00:23. | |
enough to rave up the fortunes of the company. We will be speaking to | :00:24. | :00:30. | |
the boss following new jumps in profits. | :00:31. | :00:37. | |
Good morning, Asia, hello, world. It is a Monday, glad you could join us. | :00:38. | :00:48. | |
We start off with the Indian carmaker which has been stuck in | :00:49. | :00:56. | |
reverse suffering heavy losses and disastrous sales at the company's | :00:57. | :01:01. | |
luck could be changing. It will unveil its latest earnings report | :01:02. | :01:10. | |
later today. The hatchback in sales and growing and sales in China are | :01:11. | :01:19. | |
up and stocks have surged since 30%. I spoke to an expert and asked if it | :01:20. | :01:31. | |
would turn their fortunes around. It is a key factor. I think as a group, | :01:32. | :01:38. | |
they have performed exceptionally well both internationally and | :01:39. | :01:49. | |
domestically. 85% of revenue is brought because of new | :01:50. | :02:00. | |
introductions. They arrive back on track and all the big markets like | :02:01. | :02:06. | |
Europe and North America, and China, are doing quite well. While we are | :02:07. | :02:13. | |
seeing a surge in Jaguar and Land Rover in the mainland when the | :02:14. | :02:16. | |
economy is slowing down and you also have the leadership damping down on | :02:17. | :02:21. | |
government officials purchasing luxury goods? That isn't right. The | :02:22. | :02:29. | |
global market is slowing down, especially in China but Jaguar has | :02:30. | :02:34. | |
resolved the problem by localising production. This year we can hear | :02:35. | :02:42. | |
from them about localising productions like Jaguar XE. Can the | :02:43. | :02:49. | |
sales numbers be sustained going forward? Definitely. Because of | :02:50. | :02:58. | |
localisation. We can really see it Jaguar being one of the growth | :02:59. | :03:03. | |
engines in the coming quarters. What about Lionel Messi? Is the helping | :03:04. | :03:16. | |
sales? Yes, it looks like it is. It has been launched in the domestic | :03:17. | :03:27. | |
business and it looks to be back. It looks like Lionel Messi is working | :03:28. | :03:33. | |
for them. Despite economic uncertainty sweeping the region, | :03:34. | :03:39. | |
airlines are booming and AirAsia, the budget carrier, reported profits | :03:40. | :03:44. | |
increasing sixfold. The founder and chief executive of joints meet wide | :03:45. | :03:49. | |
web can from Kuala Lumpur. Later you could join us. Why is AirAsia doing | :03:50. | :03:57. | |
so well when the economies of Malaysia and Indonesia, the key | :03:58. | :04:01. | |
markets where you operate are struggling? A couple of things. | :04:02. | :04:09. | |
Firstly, we are the beneficiary of a slowdown. People cut costs. So when | :04:10. | :04:19. | |
we are kind of in a good position. Secondly, we are riding the tale | :04:20. | :04:33. | |
winnner INAUDIBLE. Your operation in the Philippines has been bleeding | :04:34. | :04:36. | |
and you have been struggling in the market over the past few years, are | :04:37. | :04:40. | |
you planning to give up on the Philippine market? We are making | :04:41. | :04:46. | |
good progress of their. We have reduced losses and are looking to | :04:47. | :04:50. | |
make credibility in the next quarter. We are very successful in | :04:51. | :05:05. | |
China. Challenging times for the Indian air market, when AU expecting | :05:06. | :05:14. | |
a turnaround? -- when are you? We are expecting we are on course. We | :05:15. | :05:24. | |
are hoping probability is not too far away, probably this year | :05:25. | :05:32. | |
sometime. AirAsia X - are you better off with a short or long haul? | :05:33. | :05:38. | |
People said the long haul does not work at current events proved them | :05:39. | :05:44. | |
wrong with that fantastic performance of 100 million in the | :05:45. | :05:49. | |
first quarter. It is really AirAsia on steroid. It has increased and | :05:50. | :05:58. | |
become very profitable. It really looks like AirAsia now. Crude prices | :05:59. | :06:05. | |
have gone up by 80% from its lowest - above $50 per barrel. At which | :06:06. | :06:10. | |
price point will they start putting pressure on your airfares? Well, | :06:11. | :06:26. | |
60-70 will see a fuel surcharge but, really, we are still looking at 50. | :06:27. | :06:33. | |
Glad you could join us live via WebCam. In other business news, | :06:34. | :06:42. | |
Japanese Finance Minister says that there should be a general election | :06:43. | :06:50. | |
so that Japanese people could have a say in a new tax coming in to effect | :06:51. | :06:56. | |
next April. The government said the Prime Minister Shinzo Abe plans to | :06:57. | :07:01. | |
Prime Minister Shinzo Abe plans delay the increase by 2.5 years. | :07:02. | :07:06. | |
South Korea's central bank has new data suggesting they are starting to | :07:07. | :07:11. | |
feel more bullish. The survey index climbed to 72 for June after | :07:12. | :07:18. | |
registering 69 in May. It is now at its highest level in seven months. | :07:19. | :07:23. | |
It is the third straight month the index has increased. Now, for most | :07:24. | :07:27. | |
of us, the idea of giving up the day job to build a boat and sail off | :07:28. | :07:34. | |
into the sunset is just one of life's unfulfilled dreams but one | :07:35. | :07:37. | |
sale has not only managed to sail around the world several times but | :07:38. | :07:47. | |
he has also financed it. He published books of his adventures. | :07:48. | :07:51. | |
He explains. (MUSIC PLAYING). Everytime I had to | :07:52. | :08:10. | |
make a major decision in life, particularly in business, I asked | :08:11. | :08:13. | |
myself this question - does this decision-making freer or less free? | :08:14. | :08:19. | |
I opted for the freedom sometime I had to trade serious money to go for | :08:20. | :08:25. | |
the freedom but in the longer run, I had evolved myself to not have to | :08:26. | :08:30. | |
pay attention to anybody else's rules but just my own. This boat, I | :08:31. | :08:34. | |
do not think of it just as a boat is a magic carpet. The world is | :08:35. | :08:40. | |
smallest country. I am the king of my tiny sovereign nation. SINGS. I | :08:41. | :09:01. | |
gives the work for a giant publisher that had 500 employers. It was hard | :09:02. | :09:06. | |
to turn that ship publishing around. Reduce that company down to a little | :09:07. | :09:14. | |
40 foot company named after my yacht and I was able to turn around that | :09:15. | :09:21. | |
very quickly, responded to the demands of the market. I take my | :09:22. | :09:25. | |
zest for living, package it between my pages, zip it off to the Internet | :09:26. | :09:33. | |
and soon I collecting royalties that anyone in the world can buy over the | :09:34. | :09:41. | |
Internet instantly. Our vessel is not just our business, our home, our | :09:42. | :09:49. | |
recreation, it is the entire lifestyle. When I wake up and smell | :09:50. | :09:57. | |
the salt air, I think to myself, this is the life. SINGS. Happy | :09:58. | :10:11. | |
life, sailing the seas. Having a quick look at the markets. Hopefully | :10:12. | :10:16. | |
we will have some happy investors to date and, as you can see, currently | :10:17. | :10:21. | |
Japan and Australia in positive territory after US stocks were in | :10:22. | :10:25. | |
positive territory on Friday after Janet Yellen implied rates could be | :10:26. | :10:33. | |
lifted soon. Thank you for joining us. See you again soon. | :10:34. | :10:36. |