Browse content similar to 25/08/2016. Check below for episodes and series from the same categories and more!
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into difficulties while swimming. A sixth person has been reported | :00:00. | :00:00. | |
missing. On BBC News, all the latest business news from Singapore. | :00:00. | :00:14. | |
Apple Court in the middle of tax row between the and Europe. -- caught. | :00:15. | :00:28. | |
We check out a festival promoting a local brew in North Korea. | :00:29. | :00:36. | |
Good morning, Asia, hello world! It is on Thursday. Glad you could join | :00:37. | :00:43. | |
us today for this addition of Asia Business Report. The challenging | :00:44. | :00:50. | |
over its investigations of tax avoidance by US companies. Apple's | :00:51. | :00:55. | |
arrangements could see the company hit with a massive bill for an pay | :00:56. | :01:01. | |
taxes. In the on an Starbucks are also under investigation. Earlier, I | :01:02. | :01:06. | |
spoke to a North American is a reporter. I asked him why the US is | :01:07. | :01:13. | |
concerned. Companies from the US that set up their bases in Europe | :01:14. | :01:17. | |
are being treated in an fairly. They say the investigations by the | :01:18. | :01:23. | |
European Commission into the so-called sweet deal, there is an | :01:24. | :01:31. | |
investigation whether those were against EU laws. In apple's case, | :01:32. | :01:41. | |
they are being investigated as to whether they were getting a deal | :01:42. | :01:45. | |
that wasn't perhaps offered to other countries. Against EU rules. That is | :01:46. | :01:50. | |
what it is against. The US says there is a bias against these big US | :01:51. | :01:56. | |
companies. What is the European Commission say about it all? They | :01:57. | :02:01. | |
say there is no bias. They say they are trying to do is make sure this | :02:02. | :02:07. | |
perennial problem of tax avoidance amongst big companies isn't | :02:08. | :02:10. | |
happening. They are just try to make sure it is a level playing field | :02:11. | :02:15. | |
across the entire European Union and indeed every company. What will | :02:16. | :02:21. | |
happen next? Is there likely to be a middle ground between the US | :02:22. | :02:24. | |
Treasury and the European Commission or will the European Commission | :02:25. | :02:30. | |
stand its ground? The key indicator of whether it will stand its ground | :02:31. | :02:33. | |
is whether the investigation concludes. We are expecting Apple's | :02:34. | :02:40. | |
fairly soon. If it punishes them then it suggests the European | :02:41. | :02:45. | |
commission is astounding that ground. -- is standing their ground. | :02:46. | :02:53. | |
Shares for HP are lower. The company's revenue is falling in its | :02:54. | :03:02. | |
third-quarter numbers. Revenue from its from its computer business was | :03:03. | :03:10. | |
flat. It was below analysts's estimates. They have slashed about | :03:11. | :03:17. | |
2300 jobs this year. There has been a new target set. The attempt to | :03:18. | :03:25. | |
improve the company's balance it comes as it recorded a drop. | :03:26. | :03:35. | |
Singapore exchange is edging closer to its planned acquisition of | :03:36. | :03:41. | |
London's Baltic exchange. After months of negotiations, the deal is | :03:42. | :03:45. | |
valued at 100 million US dollars but it still needs approval from Baltic | :03:46. | :03:50. | |
shareholders next month. We caught up with a man heading the talks for | :03:51. | :03:56. | |
Singapore exchange and asked him how will the exchange and a set from the | :03:57. | :03:58. | |
takeover? It is an almost at unique position | :03:59. | :04:07. | |
of authority. The price of shipping something from point a to point B. | :04:08. | :04:12. | |
It has a very unique global position in that it is the trusted authority | :04:13. | :04:17. | |
in publishing these numbers every day. Secondly, it has a very special | :04:18. | :04:21. | |
track record in being able to forge global consensus will stop what we | :04:22. | :04:27. | |
want to do is offer people the chance to take action on these | :04:28. | :04:31. | |
numbers. --. . Meaning to make these numbers actionable. From 2008 to | :04:32. | :04:40. | |
2016, freight rates have been one of the most volatile things. Looking | :04:41. | :04:47. | |
back, in hindsight, if more people had a veiled themselves of the | :04:48. | :04:52. | |
option to hedge freight rates, a lot of the global and shipping market | :04:53. | :04:56. | |
would be in better shape. With global shipping in decline, why buy? | :04:57. | :05:05. | |
Many booms and busts have comes. Its relevance is more acute when the | :05:06. | :05:11. | |
marketplace is in need of better information, more accurate | :05:12. | :05:13. | |
information, to work the assets harder. The thing that you as the | :05:14. | :05:19. | |
prices is a period of low prices. During that period, what happens is | :05:20. | :05:24. | |
people manage their asses more efficiently, especially in the face | :05:25. | :05:28. | |
of increasing regulation, pollution, safety, strength. Things like that. | :05:29. | :05:34. | |
Has any of this change because of accident? The underlying rationale | :05:35. | :05:38. | |
hasn't changed because it shipping is global. The people that operate | :05:39. | :05:42. | |
out of London were operating a long time before the EU existed. | :05:43. | :05:47. | |
I've 100 and 20 days, almost 1.5 years, that is how long it takes a | :05:48. | :05:57. | |
shirt companies to discover a data breach in their systems. That | :05:58. | :06:02. | |
compares to the worldwide average of 146 days. How can they improve their | :06:03. | :06:07. | |
response time? I spoke to FireEye. Is remarkable especially to see how | :06:08. | :06:20. | |
it compares to the rest of the world. What kind of data breaches | :06:21. | :06:27. | |
can they do over 17 months question mark they spend a lot of time | :06:28. | :06:30. | |
getting to know the environment. They understand the environment at | :06:31. | :06:38. | |
the victim and it gives them the time to steal the crown Jews in a | :06:39. | :06:47. | |
stealth way. Which are most susceptible? -- crown jewels. We | :06:48. | :06:55. | |
have worked a lot of breaches a cross high-tech, retail and | :06:56. | :06:59. | |
education. Almost every sector. Is not just the small and medium | :07:00. | :07:03. | |
companies but also the big companies and major governments. Why aren't | :07:04. | :07:08. | |
they spending the money to protect themselves? It starts with | :07:09. | :07:13. | |
awareness. It goes back to breach notification. In the US, for the | :07:14. | :07:16. | |
better part of the decade, we have had good breach notification law. | :07:17. | :07:23. | |
They have got to tell the public, they have to tell the public. We | :07:24. | :07:28. | |
don't have these laws in South East Asia. Basically, the consumers can | :07:29. | :07:44. | |
just sue? It can take years of good investment to catch up. Tell us, who | :07:45. | :07:51. | |
are the people behind these data breaches? Are they individuals, | :07:52. | :07:57. | |
organisations, or are they even state-sponsored? We see a locked, | :07:58. | :08:04. | |
all of the above. --A lot. We used to see a lot of Chinese | :08:05. | :08:08. | |
state-sponsored attacks directed at the United States and Europe. In | :08:09. | :08:12. | |
November, the US and China came to an agreement. When we saw the treaty | :08:13. | :08:17. | |
go into effect, we the balance of targeting really shift. Grady | :08:18. | :08:22. | |
Summers from FireEye. Residents in Pyongyang are enjoying | :08:23. | :08:31. | |
a pipe or two in the beer festival. Let's take a look. | :08:32. | :08:34. | |
enjoyed a beer in North Korea. Before we go, quick look at the | :08:35. | :10:00. | |
market. General list lessons in early | :10:01. | :10:06. | |
trading. -- listlessness. Is in negative territory, the All | :10:07. | :10:22. | |
Ordinaries. The major industries also finishing in negative | :10:23. | :10:30. | |
territory. The Dow Jones in the red. I I'm Rico Hizon. Sport Today is | :10:31. | :10:31. | |
coming up next. The top stories is our. It is | :10:32. | :10:47. | |
thought as many as 59 people have | :10:48. | :10:48. |