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Now on BBC News all the latest business news live from Singapore. | :00:00. | :00:17. | |
Take two - the prosecutors office of South Korea gets another shot at | :00:18. | :00:25. | |
arresting Samsung's group chief. And gridlock in Delhi - commuters | :00:26. | :00:30. | |
struggled to get to work as Uber drivers keep off the road. | :00:31. | :00:35. | |
Welcome to this edition of Asia Business Report. | :00:36. | :00:38. | |
We begin with the corruption scandal in South Korea and, for the second | :00:39. | :00:51. | |
time in three weeks, a court will decide whether to grant a request to | :00:52. | :00:56. | |
a rest ahead of South Korea's largest company. A hearing is about | :00:57. | :01:00. | |
to start, where prosecutors will try to persuade a judge of that there is | :01:01. | :01:08. | |
enough evidence to arrest JY Lee. He is a suspect in a bribery | :01:09. | :01:11. | |
investigation which could bring down the country's president. The | :01:12. | :01:15. | |
prosecutors office explains why it is seeking an arrest warrant for Mr | :01:16. | :01:21. | |
Lee. TRANSLATION: For three weeks after the first arrest warrant was | :01:22. | :01:25. | |
denied we secured additional evidence that we can be sure about | :01:26. | :01:31. | |
and, after careful deliberation, we have requested an arrest warrant for | :01:32. | :01:38. | |
the second time. Earlier, I asked James Rooney, Korea watcher, if they | :01:39. | :01:43. | |
have a better chance this time around. They certainly hope so, and | :01:44. | :01:50. | |
they will try to avoid being embarrassed as second time around, | :01:51. | :01:53. | |
but career is in chaos these days, so nothing is as expected as once in | :01:54. | :02:03. | |
the past. If indeed Mr Mr Lee is arrested, James, what will happen to | :02:04. | :02:06. | |
Samsung is, will operations suffer? Not in my opinion, because he | :02:07. | :02:12. | |
doesn't run the day-to-day operations, there is a vast army | :02:13. | :02:15. | |
with senior managers with great depth and breath who make the | :02:16. | :02:20. | |
regular day today decisions but when the boss is locked up in prison | :02:21. | :02:24. | |
there becomes a certain caution amongst those other folk. They don't | :02:25. | :02:28. | |
want to step out of line, they don't want to get blamed for something and | :02:29. | :02:32. | |
they don't have their boss to give them a cover. Plus, of course, he is | :02:33. | :02:37. | |
becoming an important figure in public for Samsung, or he has been, | :02:38. | :02:41. | |
and that plays into negotiating deals and Saifon and so forth. | :02:42. | :02:45. | |
Samsung is a very large organisation. I have educated some | :02:46. | :02:50. | |
of their senior managers over the years, especially the foreign ones | :02:51. | :02:54. | |
that they hire, and I don't imagine that, you know, it will impact of | :02:55. | :02:59. | |
the next year or even two years on the financial performance or | :03:00. | :03:05. | |
anything like that. But, as you say, it is the largest conglomerate in | :03:06. | :03:09. | |
South Korea. If Mr Lee is indeed arrested, could this have a wider | :03:10. | :03:15. | |
impact on business confidence in South Korea? To be honest, I don't | :03:16. | :03:21. | |
think so. The issue here isn't about business, the issue here is really | :03:22. | :03:26. | |
about the President. However, you know, Samsung got themselves tangled | :03:27. | :03:29. | |
up with the President through trying to do a restructuring to help | :03:30. | :03:34. | |
transfer the ownership and the control of the company from one | :03:35. | :03:39. | |
generation to the next generation, which he is a beneficiary to. In | :03:40. | :03:44. | |
other news: making headlines - US President Donald Trump's choice for | :03:45. | :03:49. | |
Labour Secretary has withdrawn from consideration. Andrew passed a law | :03:50. | :03:56. | |
support from Republican senators after he employed an illegal | :03:57. | :04:02. | |
immigrant as a housekeeper. He has been criticised for his remarks on | :04:03. | :04:05. | |
women and employees at his restaurants. He is the first cabinet | :04:06. | :04:08. | |
pick the failed to secure nomination. Lenovo was one of the | :04:09. | :04:13. | |
first Chinese companies to transform itself into a global company. | :04:14. | :04:18. | |
One decade after buying IBM's personal computer business it | :04:19. | :04:21. | |
leapfrogged HP and Dell to become the biggest PC maker, but expansion | :04:22. | :04:25. | |
into the tablet and smart phone market hasn't gone as smoothly. | :04:26. | :04:29. | |
After taking over motor Rohler, thousands of jobs have been cut. The | :04:30. | :04:34. | |
head of the company's earnings, I asked an analyst why the firm is | :04:35. | :04:40. | |
struggling in its home market -- Motorola. In China, what Lenovo | :04:41. | :04:45. | |
hasn't done well is it has lost its focus. A few years ago in China, | :04:46. | :04:53. | |
Lenovo got to the number-1 position because of a strong of budget lines. | :04:54. | :04:58. | |
But, as China shifts away from first-time smartphone users, going | :04:59. | :05:05. | |
to replacement models, now people want expensive, high quality | :05:06. | :05:08. | |
devices, Lenovo has fallen out. So, did the acquisition of Motorola | :05:09. | :05:19. | |
verdant -- burden Lenovo? It was seen as an addition bite Lenovo has | :05:20. | :05:26. | |
struggled to integrate the Moto brat into its portfolio. They have three | :05:27. | :05:31. | |
brands into its wing. -- as an addition to Lenovo. Without clear | :05:32. | :05:38. | |
focus, without a clear brand and no key volume driver, Lenovo has | :05:39. | :05:42. | |
suffered. So what has made Lenovo's personal computer is still relevant | :05:43. | :05:47. | |
in this highly competitive space? Lenovo has been able to maintain the | :05:48. | :05:51. | |
momentum it gained after the IBM acquisition and created quality | :05:52. | :05:57. | |
products, especially PCs and notebooks. It is also working hard | :05:58. | :06:07. | |
in terms of innovation, for example recently with the double | :06:08. | :06:10. | |
touchscreen. And, briefly, we have seen a clash between the Chinese and | :06:11. | :06:15. | |
the Americans under the Trump administration - good operations and | :06:16. | :06:18. | |
ambitions end America be under threat? -- could. It is too early to | :06:19. | :06:24. | |
say for now but for Lenovo we still expect it to see a very healthy | :06:25. | :06:28. | |
business in the Americas. It has a very strong brand, its channel is | :06:29. | :06:32. | |
very established, and as a result even if there is a big change to | :06:33. | :06:38. | |
Trump's trade policy, that would only be in the long run. | :06:39. | :06:41. | |
Global businesses such as Lenovo might be affected by proposed border | :06:42. | :06:46. | |
taxes in the US if President Trump goes ahead with the initiative but | :06:47. | :06:53. | |
American resale giants such as Target and Gap are concerned, they | :06:54. | :06:57. | |
are waiting in on the plans. Let's have a look at what is at stake. | :06:58. | :07:03. | |
-- weighing in. It is good to have you here, thank | :07:04. | :07:22. | |
you very much. Good job. Thank you. So, we will go around the room a | :07:23. | :07:27. | |
little bit... The best opportunities to really impact our economy... | :07:28. | :07:50. | |
Commuters in India's capital Dehli have struggled to get to work this | :07:51. | :07:55. | |
last week with a driving strike at the country's two mean right hailing | :07:56. | :08:01. | |
services Uber and Hola. Our correspondent reports. | :08:02. | :08:08. | |
Thousands of drivers in Delhi two mean right hailing apps Hola and | :08:09. | :08:13. | |
Uber are on strike and that has brought parts of the capital to a | :08:14. | :08:19. | |
standstill. Most drivers have stopped taking bookings via the | :08:20. | :08:22. | |
smartphone apps which connect them with nearby passengers. | :08:23. | :08:27. | |
Attempting to book a ride on either app and both say no cars are | :08:28. | :08:30. | |
available. In some places where they are available the waiting time has | :08:31. | :08:35. | |
increased from 30 minutes up to one Allah and this shows a surge in in | :08:36. | :08:42. | |
pricing because of increased demand. Many Indian drivers work for both | :08:43. | :08:46. | |
companies to make sure they get enough work but as the number of | :08:47. | :08:49. | |
drivers signing up has increased, they say that minimum fares and | :08:50. | :08:52. | |
other incentives have been cut, making it hard to earn a living -- | :08:53. | :08:57. | |
hours. TRANSLATION: The car firms promised us pick things. The | :08:58. | :09:00. | |
incentives have reduced. They also take a bigger commission now. | :09:01. | :09:05. | |
TRANSLATION: Like many others, I took out a loan to buy a new car on | :09:06. | :09:09. | |
the guaranteed high monthly earnings. Now I am struggling to | :09:10. | :09:16. | |
repay my debts. I now have to work long hours to pay my loan. Ola is | :09:17. | :09:27. | |
working with the government to solve the issue. The firm has turned to | :09:28. | :09:32. | |
the courts for help. We received an order from the Delhi High Court | :09:33. | :09:36. | |
which stops anyone from disrupting operations from Uber across India | :09:37. | :09:40. | |
and we have urged authorities to make sure they are able to endorse | :09:41. | :09:44. | |
those orders, which will enable drivers to go back online and start | :09:45. | :09:48. | |
serving riders again. The real problem is that for both right | :09:49. | :09:51. | |
hailing companies there is pressure to keep the rates down as they | :09:52. | :09:55. | |
battle it out in the market, which is thought to be worth about $12 | :09:56. | :09:59. | |
billion, and, as they squeeze on prices, the drivers are trying to | :10:00. | :10:05. | |
unionise. This is the first sign of them flexing their muscles. Whoever | :10:06. | :10:10. | |
wins the state of, for commuters of the weight to hail a cab has just | :10:11. | :10:16. | |
got longer. A look at the markets, and not an | :10:17. | :10:21. | |
exciting start to Asian equities, Tokyo stocks opening flat despite | :10:22. | :10:25. | |
rallies on Wall Street overnight to record highs. Despite optimism about | :10:26. | :10:32. | |
the market. Thank you | :10:33. | :10:33. |