14/09/2016 Asia Business Report

years earlier than expected. She was to oversee the replacement of the

BBC trust with the new board. More later, but let's catch up now with

the latest business news in the Asia Business Report.

Myanmar 's leader heads to Washington. Could the sanctions

finally be lifted? And the Indian answer to what SAP. How the company

is making money. Good morning Asia. Hello, world. It is Wednesday and we

glad you could join us for this midweek edition of of Asian business

week. Let's kick off in my and March and the de facto leader begins a two

week tour to be United States. There are hopes that the Obama

administration will ease sanctions. When most countries lifted all

suspended sanctions against me an mark the United States kept many in

place. There are targeted sanctions on individuals and companies that

are closely connected to the military. There are about 100 on

that list including the current vice president. Then there are

restrictions on the import of gemstones. Jade and Ruby because the

companies to mind them are almost all connect to the military. There

are US companies here such as Coca-Cola and Gap that the US was

tight restrictions on who those companies can do business with. The

US will be seeking to balance rewarding the democratic transition

that has already taken place and keeping leveraged over the army to

encourage further progress. Dyson, the company who some would

say reinvented a vacuum cleaner, does more trade with the rest of the

world than it does with Europe. It is no surprise then that the

companies leader is in support of Britain leaving the EU. He has been

telling our economics editor why he is not too concerned about Britain's

relationship with the rest of the EU. They sell ?100 billion worth of

goods more to us than we do to them. They will not block British imports.

Even if they did put in import duty on, it is a comparatively

insignificant amount. I am not worried about that. We get along

well with Europe and we export to Europe. That is 16% of our global

market. Europe is 15% of general trade throughout the world so we are

nicely balanced. There are very exciting markets outside of Europe.

The Far East which is expanding at a phenomenal rate. We are happy to be

globally -based and not focused in Europe. Europe is a good market for

us, it has grown quite fast. I am not complaining, it is nice market

for us and we have fantastic employees in Europe at half it is

only 15% 15% of global trade. -- bike it is only 15%. You can hear

more on the BBC website. You can catch a glimpse of the

Eiffel Tower in Macau. It is an attraction in the world 's largest

gambling hub. Corinthian themed resort cost 3 billion dollars to

build. It also houses the convention centre and attractions for children

in and attempt to lure holidaymakers are the than hard-core gamblers.

Gambling revenue has taken a hit over the last few years as China

clamps down on lavish spending. They are confident however that things

will pick up in Macau. Domestically we have hit the bottom. Now is it

sustainable for long time to come? I cannot answer that. But he's upon

the pre- bookings we have, based upon the convention bookings we have

I think we have essentially hit the bottom. In the business news, the

former boss of American insurer and sty giant AIG will go on trial in

New York this week more than ten years after civil charges were

filed. The 91-year-old is accused of engineering bogus transactions to

hide the company's financial difficulties. His charge alongside

the formal CFO how would Smith. Both have denied the allegations. This is

India's answer to What'sApp. It secured a fresh round of investment

including from the owners of the successful chat programme in China.

But even with millions of users, how will it for Philips potential? We

put that question to the founder. -- fulfil its potential.

We need to spend the next few years figuring out what our programme will

be. That will define what sort of business will work. It is too

premature to thrust to guess at what the future will be. It may be, is,

payment, will virtual economy, we do not know. -- may be, commerce.

Sooner or later, connectivity will become more affordable. We can see

that two G usage is declining for the first time. Four G use is

increasing. If you fast forward by a year, what will happen? That was the

chief executive of hike messenger. In just over one week, more than 300

people have tested positive for the Zika virus in Singapore. Thailand is

also reporting a spike in cases. It has been linked to severe birth

defects. Here in Singapore it has led to a run on insect repellents

and many shops have struggled to keep up with demand. We went to

speak to an entrepreneur who recently developed a new anti-

mosquito formula. Singapore now has hundreds of cases

of Zika virus. Authorities are fumigating and mosquito repellent is

flying off the shelves. For some companies it presents an

opportunity. I am here with the director of one of those companies,

Theodore Khng who makes his own natural repellent. Can you tell us

about what you have on this table? These products, especially the

mosquito repellent, are manufactured locally here in the factory that you

are standing in. We make creams with the machine over there. Our

repellents are still handmade. Can you keep up with demand now that

there is a seek out -- Zika virus outbreak? We are struggling at the

moment but we are looking to increase production and satisfy

demand. When health authorities are saying you should use products that

have DEET, why should consumers opt for this instead? You can use DEET

product is. They can last up to 12 hours. But with the epidemic at the

moment you must use it everyday. If you are exposed to too much DEET,

you will see side-effects. Why art health authorities saying to use

this then instead of DEET products? The duration. We can only protect

users up to four hours. For health authorities they always like to

ensure that they can control the duration. Thank you very much,

Theodore. The Zika virus outbreak here in Singapore is likely to be

here for sometimes we will be keeping a close eye close eye on the

popularity of products like these natural repellent. And before we go,

here is a quick look at the market. As you can see on your screens, Asia

is lacklustre, mostly on the negative side. A murky outlook for

US monetary policy. Will they raise interest rates or will it be towards

the end of the year? Here is the Nick Hay down by 4% -- 0.4%. That is

that for this edition. Sport Today is coming up next.

There has been a significant reduction in fighting in Syria one

day into we country ceasefire.