:00:00. > :00:00.rejected a call by 95 Tory backbenchers for Parliament to be
:00:00. > :00:00.given powers to veto laws from Brussels. Mr Hague said that the
:00:00. > :00:00.idea was unrealistic. Now on BBC News, all the latest business news
:00:00. > :00:21.live from Singapore. Threat to grow. The economic impact
:00:22. > :00:27.of the shutdown in Bangkok. An export ban. Indonesia lays down the
:00:28. > :00:37.law on the country's mineral ore industry.
:00:38. > :00:39.Welcome to Asia Business Report. We began in Bangkok where
:00:40. > :00:45.anti-government protesters are planning to shut down Thailand's
:00:46. > :00:47.capital. The aim to oust the Prime Minister Yingluck Shinawatra and her
:00:48. > :00:53.cabinet following widespread ministrations. She has called for an
:00:54. > :00:59.election in February. Processes hope to block it from happening since
:01:00. > :01:05.polls indicate the government would stay in power. Thailand could use
:01:06. > :01:12.$30 million per day for every day of political stand. -- political
:01:13. > :01:17.stand-off. It is very difficult for major
:01:18. > :01:25.corporations and businesses in Bangkok to operate. They are
:01:26. > :01:29.expecting between 150,000 to 450,000 demonstrators in support of the
:01:30. > :01:44.opposition today. That is going to close down Bangkok. Even outside of
:01:45. > :01:53.Bangkok we are seeing the red shirts looking to close down places like
:01:54. > :01:57.Chang Mai. It'll have a big impact on business.
:01:58. > :02:02.It seems an tractable what is going on at the moment. The Thai Chamber
:02:03. > :02:08.of Commerce last week said some $30 million is being lost per day. Will
:02:09. > :02:15.the damages be protracted? Will they be long-lasting ?
:02:16. > :02:22.The most recent was in 2006. We saw big demonstrations in 2010. Every
:02:23. > :02:29.time, Bangkok has bounced back strongly. It has a resilience that
:02:30. > :02:32.has surprised analysts around the world every single time. I don't
:02:33. > :02:41.expect anything different this time. I think that a guest amateur talent
:02:42. > :02:46.will be the tourist dollar. Big airlines like Singapore airlines are
:02:47. > :02:51.affected. It is not because they are worried about the threat, although
:02:52. > :02:56.that would be there, it is more a round the mainland Chinese and
:02:57. > :03:06.tourists around the world who just on travelling. The controversial new
:03:07. > :03:08.law came into force in Indonesia yesterday banning exporting
:03:09. > :03:11.unprocessed minerals like nickel and tin.
:03:12. > :03:17.They want to keep more profits within the country but they want of
:03:18. > :03:30.job cuts. The Indonesian President diverted things to affect exports.
:03:31. > :03:37.It will impact several large companies like Freeport.
:03:38. > :03:44.The underlying concept was to develop downstream processing of
:03:45. > :03:48.mineral ores. These kinds of facilities take a lot of investment.
:03:49. > :03:57.For small companies the only option is to outsource and process within
:03:58. > :04:00.third parties. At the moment they have relaxed basic infrastructure. A
:04:01. > :04:05.lot of their facilities and projects are a long way. Apart the issue is
:04:06. > :04:11.over implementation and timing. We also saw the nickel price going
:04:12. > :04:13.up my jumping about 3% on Friday in anticipation of the bank. It is
:04:14. > :04:24.having international repercussions of markets. There are also
:04:25. > :04:28.inconsistencies with an election coming up. Will be more clarity?
:04:29. > :04:33.Hopefully, once the presidential regulation is issued. At the moment
:04:34. > :04:38.there is a lot of uncertainty around that. Example, the Supreme Court in
:04:39. > :04:43.Indonesia revoked the 2012 regulation which set up a minimum
:04:44. > :04:46.processing requirements. It is very unclear how the ban is going to be
:04:47. > :04:53.implemented and enforced going forward.
:04:54. > :05:00.For more on that story and other business headlines you can go on our
:05:01. > :05:04.website. China's securities regular track Mission plans to strengthen
:05:05. > :05:09.conditions over the stock market. New measures will include random
:05:10. > :05:11.inspections and procedures of a building and roadshows. A statement
:05:12. > :05:16.from the stock market regulator comes after one Chinese firm dilated
:05:17. > :05:20.share sale after pricing above the industry average. Food scares have
:05:21. > :05:31.become increasingly common in the headlines these days. One week a go
:05:32. > :05:36.at Walmart recalled donkey meat. Horsemeat has also been found across
:05:37. > :05:41.Europe. A global food safety partnership is trained to tackle
:05:42. > :05:47.this, made up of 70 countries and other organisations. It looks at how
:05:48. > :05:51.food is traded across borders. A spokesman if from one organisation.
:05:52. > :05:57.You need to understand how you test a product and you with borders and
:05:58. > :06:02.customs. That, in totality is complicated. It can Michu
:06:03. > :06:08.harmonisation to make sure that a flow of products between countries
:06:09. > :06:10.is smooth. That is what different regions are trained to harmonise and
:06:11. > :06:13.bring together. If we look at places that have had
:06:14. > :06:17.different food scares over the years. China has ten the chief
:06:18. > :06:24.culprit. A committee is being set up in the country. It country also has
:06:25. > :06:30.a protectionist stance in terms of letting food and the standards it's
:06:31. > :06:34.has raised over imported food... How is it acting as an impediment was
:06:35. > :06:38.mark in the case of China, it is very interesting.
:06:39. > :06:44.We speak alert food safety and go back for the last five years, China
:06:45. > :06:49.has been growing fast acting on different occasions. We are now
:06:50. > :06:54.seeing dynamics in reforming food safety system in the country. It
:06:55. > :07:01.will take time until we see the whole food safety system in China
:07:02. > :07:11.changing. In the coming 510 years we see China being more active. --
:07:12. > :07:17.coming five to ten years. I think they are moving from reforming food
:07:18. > :07:26.safety policies and standards to looking more at global level.
:07:27. > :07:31.The Golden Globes awards are under way in Hollywood. Keeping with the
:07:32. > :07:34.movie theme, we spoke to a film director in India who funded his
:07:35. > :07:38.latest work through an unusual method online in a crowd funding.
:07:39. > :07:45.That was after he was unable to find reduces unable to prepare to pay for
:07:46. > :07:49.a film in his native language in Canada.
:07:50. > :07:56.I have done about three feature films in Canada. I was bothered by
:07:57. > :08:00.needing to adjust my script because the producer wouldn't think it makes
:08:01. > :08:09.sense. I wrote a frustrated block the excess at -- frustrated blog
:08:10. > :08:15.because the key to it is the audience. It went viral. Within two
:08:16. > :08:19.or three days I started getting people saying, why don't we all
:08:20. > :08:27.pitch in something for the song. I didn't know that it was called crowd
:08:28. > :08:38.funding. I said, OK, they will blame me if I don't do anything.
:08:39. > :08:50.I put up the proposal and a request for $5 million will -- $5 million.
:08:51. > :08:56.The first person to put money into it didn't know anything about it. A
:08:57. > :09:01.realised I had started a revolution. We gave ourselves about 100 days to
:09:02. > :09:08.raise the funding. We got it and 27 days. We got it from about 510
:09:09. > :09:14.random people I have never met. Once we were filming, and I figured we
:09:15. > :09:19.had enough money to finish the film, it was becoming popular day by
:09:20. > :09:23.day because of the music. Some of the audience wanted to watch it on
:09:24. > :09:30.the big screen. When you have a film on the big screen it is another big
:09:31. > :09:35.investment. We created an online web page where some it could pre- order
:09:36. > :09:38.the film and become a distributor. That person can share the film would
:09:39. > :09:43.anybody he wants and gets a cut from the sales. What was happening was
:09:44. > :09:46.that we were encouraging people to share the legal length rather than
:09:47. > :09:49.torrent links because they could make money off it. Because we were
:09:50. > :09:54.getting the money is a pre- order, we were using it for distribution.
:09:55. > :09:58.Everything fell in place. This was the first film to experiment with on
:09:59. > :10:06.distribution will stop I think it will grow bigger from now.
:10:07. > :10:10.Let's have a look at markets. We saw wicked than expected payrolls
:10:11. > :10:13.reports out from the US on Friday. It is ironically boosting
:10:14. > :10:19.expectations of the Federal Reserve. It is having a positive
:10:20. > :10:27.impacts on Asian markets amongst those that are open.