13/01/2014 Asia Business Report

said that the idea was unrealistic. Now on BBC News all the latest

business news live from Singapore Jaguar

the rest of growth - the economic impact of the shutdown in the Thai

capital, Bangkok. An export ban singer that Indonesia

lays down the law on the main rule all industry, to promote domestic

growth. Look to Asia Business Report. The

begin today with Bangkok, where anti-government protesters are

planning to shut down Thailand's capital. They are aiming to oust the

Prime Minister and her cabinet, following widespread demonstrations,

election was called. Polls show that the party would remain in power.

Earlier I spoke with an analyst and asked how destructive the

demonstrations have been to businesses operating in the Thai

capital. It is very difficult for major corporations and businesses in

Bangkok itself to operate. They are expecting someone between 150,000 to

450,000 demonstrators. It will close down Bangkok for the full C is.

Even outside of Bangkok, we are seeing the pro-government

supporters. They will be closing down other places. It looks as

though Thailand as a whole will be in lockdown. That will have a big

impact. A big impact. The Thai chamber of commerce came out with

projections of saying some $30 million would be lost today. Will

the damages be protracted? Will they be long-lasting. We saw the

demonstrations in 2010. Everytime, Bangkok has bounced back. It has

shown a resilience which has surprised analysts around the world.

I do not expect anything different this time. I think the biggest

damage Thailand, in the immediate area, is the tourist dollar. Big

airlines have both pulled flights. It is not because they are worried

at the threat, it is around mainland Chinese and tourists who are not

travelling. Thank you. A controversial new law came into

force in Indonesia yesterday. It banned the export of unprocessed

mineral ore like nickel and tin. The aim is to keep industry profits in

the country. Opponents warned of losses and job cuts. The Indonesian

President Di looted the legislation to allow the exports of several

concentrates. It means the impact on dozens of large mining companies

will be reduced. A partner at an international law firm explained how

it will impact the mining industry. The concept is to develop downstream

in a -- mineral processing. It takes a massive investment. For smaller

companies, the only option is to outsource the process to third

parties. At the moment, Indonesia lacks the basic infrastructure to

develop facilities. A lot of the projects are a long way off. Part of

the issue is the timing around the implementation. The other thing we

saw was that nickel prices jumped. They went up 3% in anticipation. It

is having international repercussions. Investors also say

there is a lot of inconsistency in this law. The have a big election

coming up. What you make of this? Will be more clarity? Hopefully that

will be more clarity once the regulation is issued. At the moment

there is a lot of uncertainty around that. The Supreme Court in Indonesia

revoked a 2012 regulation that set about minimum processing

requirements. It is unclear how it will be enforced going forward.

Thank you. The Chinese security regular Tory

commission will be increasing supervision of share sales. They

will be random inspections. The stock-market regulator says one

Chinese pharmaceutical firm delayed share sales after being priced above

the average. Japan has pledged to lend 70 billion yen to Mozambique to

help the country develop coal and gas sectors. The loan will take

place over five years. It was agreed on during a tour of Africa. Food

scares have become increasingly common in the headlines these days.

Over one week ago, Walmart's Chinese branch recalled through products.

Trying to tackle this is the global food safety partnership made up of

70 countries and international organisations. He looks at how food

is traded across borders. Our correspondent has more. How you

implement the standard, how you test the product, how you deal with

borders and customs. That is a part of trade. We will need to harmonise

as much as we can to make sure that the flow of products between

countries is smooth. That is what different regions are trying to

harmonise and work together to overcome. If we look at where we

have had different food scares, China is the chief culprit. A new

committee has been set up. China also has an increasingly

protectionist stance in terms of letting food into the country. How

is that acting as an impediment? The case of China is a very interesting

case. If we speak about food safety in specific, if we go past the past

five years, China has moved quickly. They are acting on different

occasions. We now see this dynamic in reforming food safety and in the

country. It will be awhile before the system changes. What we see in

the coming five or ten years will be China becoming more active in global

standards. They will have an influence on how food safety

infrastructure is changing. They are reforming standards and regulations,

they are moving on to be more active at a global level. The golden local

boards are under way in Hollywood. Keeping with the movie theme, we

spoke to a film director in India who funded his latest work through

an unusual method, online crowd funding. He was unable to find any

producers prepared to pay for a film shot in his native language. He

explains why he turned to the Internet. I have done about three

feature films in the language. I had to tweak my script because the

producer would argue. I felt that the key to this whole thing is the

audience. They do not come to the theatre when such a film is done.

The blog made such an impact that it was very viral. Within a few days I

was getting people telling me, why did we Pigeon something? Cycle why

don't we pitch in? It was crowd funding. I thought I would try it. I

put up the proposal saying they needed around $5 million. The first

want to put in the money was 1.2 million. That was shocking. Why

would someone with no connection to the film transfer so much money?

That I see that what I have started was a revolution in the eyes of the

people. We have given ourselves 100 days. We reached it in 27 days. It

came from people I have never met. Once we were filming, I figured that

we had enough funding to finish the film. The film was becoming more

popular day by day. The audience now wanted to watch it on the big

screen. Putting a film on the big screen is another huge investment. I

created an online web page where somebody could pre- order the film

and become an online district. They can share the film with anyone they

like and they get a cut from the sales. We are encouraging people to

shout the legal links, because they can make money out of it. It is we

are getting that money has a pre- order, we use that for distribution.

Everything fell in place. This is the first film to experiment with

digital distribution. This will only grow bigger from now. A quick look

at the markets. Concerns have eased over the Federal

reserve. They may put off cuts. That is having a good effect on Asian

markets. That is if this edition of Asia Report.

You are watching BBC News. Headlines: officials in the US, EU

and Iran Sayed agreement has been reached on how to implement and

nuclear deal struck in November. Opposition protesters in Thailand

have closed major intersections in the