Browse content similar to 31/01/2014. Check below for episodes and series from the same categories and more!
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The Met Office said there was more rain snow and winds to come. Time | :00:00. | :00:00. | |
for the latest business news live from Singapore with Rico. | :00:00. | :00:15. | |
Talent is up for national elections on Sunday despite protests and | :00:16. | :00:19. | |
unwilling calls for the opposition for it to be stopped. Myanmar begins | :00:20. | :00:33. | |
to welcome to international telecom providers into its market. You're | :00:34. | :00:37. | |
watching Asian business report. I'm in Singapore. As you have heard on | :00:38. | :00:43. | |
Tuesday, elections in Thailand are scheduled to go ahead this weekend | :00:44. | :00:45. | |
despite a boycott by the opposition and thousands of protesters calling | :00:46. | :00:48. | |
for the polls to be stopped. In addition to millions of dollars in | :00:49. | :00:52. | |
lost business, three months of demonstrations have also impacted | :00:53. | :00:56. | |
the government's duties. The commerce ministry had to delay the | :00:57. | :01:01. | |
release of its monthly trade darter as protesters closed ministries and | :01:02. | :01:04. | |
government agencies. Earlier I spoke to Tony Nash about businesses and | :01:05. | :01:09. | |
the worries around the election upheaval. Number of businesses are | :01:10. | :01:14. | |
worried about exports, impeding the supply chain. The automotive | :01:15. | :01:25. | |
industry and other in -- industries. In Bangkok we don't expect | :01:26. | :01:31. | |
disruption. Outside of an extreme event. What they are still isolated | :01:32. | :01:40. | |
in the capital, Bangkok, it has not spread outside of the country. | :01:41. | :01:43. | |
Businessmen are still hopeful to see a resolution going forward. | :01:44. | :01:50. | |
The resolution we will likely see from a political scenario is the | :01:51. | :01:54. | |
military coming into force on the two parties to talk and come to talk | :01:55. | :01:56. | |
and compass uncompromised. The election will go forward on Sunday, | :01:57. | :02:01. | |
we don't expect a new parliament to start because there are a number of | :02:02. | :02:08. | |
seats that are not being contested. The Parliament needs to have 95% of | :02:09. | :02:12. | |
seats filled in order to start. We will likely have by-elections over | :02:13. | :02:16. | |
the next three to six months, short of a military coup or judicial coup | :02:17. | :02:22. | |
that the opposition is looking for, this will be a long, drawnout | :02:23. | :02:28. | |
process. We will speak again on Monday after details of the election | :02:29. | :02:33. | |
results. Consumer prices rose in December in Japan. Asian's Secker | :02:34. | :02:42. | |
biggest economy -- a second is economy as suffered in the past. Up | :02:43. | :02:51. | |
by about 1% from many expectations. Other new dart around today revealed | :02:52. | :02:55. | |
that the country's job market is improving, with unemployment falling | :02:56. | :02:59. | |
slightly in December to 3.7% from the month before. Shares in's big | :03:00. | :03:10. | |
department store David Jones rose by 4.5 percent after rejecting a $1.2 | :03:11. | :03:15. | |
billion proposal from rival mire. -- mire. David Jones said the | :03:16. | :03:23. | |
implementation of a transaction would have had business and | :03:24. | :03:29. | |
revelatory risks. The two companies are no longer insults. My | :03:30. | :03:37. | |
MRgovernment have signed contracts with to tell communications | :03:38. | :03:41. | |
companies. Because you's Telecom allegations infrastructure is poor | :03:42. | :03:45. | |
and investment is expected to be running into the billions of | :03:46. | :03:50. | |
dollars. We caught up with the chief executive of one of the companies | :03:51. | :03:55. | |
that won the Telecom contract. At the moment my has won mobile phone | :03:56. | :04:03. | |
operator. -- Burma. The service is pretty dire. That could be all about | :04:04. | :04:08. | |
the change. Two companies have signed a licensing agreement with | :04:09. | :04:14. | |
the government, a Qatari company and a Norwegian company. I am joined by | :04:15. | :04:19. | |
the Chief Executive Officer of one of those companies in my MR. It has | :04:20. | :04:27. | |
taken six months to get that contract. Is that a sign of how | :04:28. | :04:33. | |
difficult it is to get business? It is a sign of how professional they | :04:34. | :04:37. | |
were. They wanted the rules in place and so we knew what the framework | :04:38. | :04:41. | |
was. We have been busy. We have had 350 people on the ground. More than | :04:42. | :04:47. | |
half of whom are local and we will hire more in the coming months and | :04:48. | :04:52. | |
by the next few months we will be 70% me and more. At. For you, | :04:53. | :05:05. | |
getting this contract, this licence must be almost a licence to print | :05:06. | :05:14. | |
money. Is a historic occasion for us. For the people of Myanmar, it is | :05:15. | :05:24. | |
great. We are building a three G network from scratch. There is a | :05:25. | :05:31. | |
huge domains there. 16 million people in a country where very few | :05:32. | :05:37. | |
people enjoy services. This is one of the world's last frontiers for | :05:38. | :05:40. | |
building telecommunications and we are absolutely thrilled to be a part | :05:41. | :05:44. | |
of it. You mentioned you are building a three G network yeah, | :05:45. | :05:49. | |
people around the world are saying why waste your time on three G? When | :05:50. | :06:00. | |
there is 4G. We are building a 4G capable network. When we have the | :06:01. | :06:05. | |
frequency we can upgrade to 4G. They are calling Myanmar won the final | :06:06. | :06:11. | |
frontiers for telecommunications and 2014 could be the year that | :06:12. | :06:14. | |
everything changes. Two companies launching their networks in the race | :06:15. | :06:17. | |
is on to get the networks up and running. Many companies in Asia are | :06:18. | :06:24. | |
celebrating the Chinese New Year which starts today. Times are | :06:25. | :06:32. | |
changing and demand for these handcrafted items is on the wane. | :06:33. | :06:37. | |
One family business which has been going on for 80 years says the | :06:38. | :06:47. | |
future is not looking so bright. It is mid-morning in Stephen is getting | :06:48. | :06:55. | |
ready to make a delivery. The sticks take hours to make and not much | :06:56. | :06:58. | |
longer to be reduced to a pile of ash as they burn outside of the | :06:59. | :07:03. | |
temple gates. Each stickers made of the ground up branches of the | :07:04. | :07:09. | |
cinnamon tree, formed into a clay, 15 years ago, they were individually | :07:10. | :07:15. | |
handcrafted and hand-painted, today, the clay is put into a mould and the | :07:16. | :07:21. | |
paint comes from the juice of a spray gun. It is all part of trying | :07:22. | :07:27. | |
to ensure that an 80 -year-old stick making business survives. Stephen | :07:28. | :07:30. | |
and his brothers, Albert and Amis, run the business. We love it. | :07:31. | :07:39. | |
Something skilled that you don't find anywhere else. The brothers | :07:40. | :07:42. | |
learn the trade from their father who in turn was taught by his father | :07:43. | :07:45. | |
who came to Singapore from China in the 1930s. In its heyday, the | :07:46. | :07:52. | |
business supported a family of 12 with all of the siblings involved. | :07:53. | :08:01. | |
We all live together and everybody helped. You can see your parents | :08:02. | :08:06. | |
working and you just think is none of my business. Even in school they | :08:07. | :08:12. | |
start working. Now the rules have changed. The clay is mixed in a | :08:13. | :08:18. | |
workshop far from the family home is and the more lucrative giant sticks | :08:19. | :08:22. | |
the family used to be make have been banned on environmental grounds. As | :08:23. | :08:27. | |
well, there are cheap imports to compete with. The family has cut | :08:28. | :08:30. | |
costs and diversified but it is not enough. Amis's thought of wants a | :08:31. | :08:40. | |
more comfortable life. -- daughter. We are not so interested and we | :08:41. | :08:43. | |
don't have the skill to do it. Our parents and my uncles, if we | :08:44. | :08:51. | |
continue this line, we don't have a guaranteed right future. The family | :08:52. | :08:54. | |
business simply does not make enough for everyone to live on. No, I will | :08:55. | :09:01. | |
tell my kids, don't do this, you're wasting your time. The family still | :09:02. | :09:06. | |
makes a living out of a product that is designed to be destroyed. There | :09:07. | :09:09. | |
are in business has endured for much longer. -- their own business. We | :09:10. | :09:15. | |
have so many brothers, there are so many children, my niece and my | :09:16. | :09:23. | |
nephew, it is a bit sad, really. We won't be able to carry it to another | :09:24. | :09:27. | |
generation. After 80 years, the clock is now ticking on a dying | :09:28. | :09:35. | |
trade. For Asian audiences, make sure you take a look at our revamped | :09:36. | :09:41. | |
Asia News homepage that you can see right now on your screens. More news | :09:42. | :09:45. | |
and features a specially from around the Asia Pacific region. Please log | :09:46. | :09:47. | |
on to that. Before we go, here a the Asia Pacific region. Please log | :09:48. | :09:53. | |
on to that. Before we go, look the market on the Asia Business Report. | :09:54. | :09:57. | |
A few of them are open right now due to the lunar New Year holidays. They | :09:58. | :10:02. | |
are currently getting a reprieve after US equities gained overnight | :10:03. | :10:05. | |
as data showed the US economy grew strongly in the last quarter of | :10:06. | :10:10. | |
2013. The Tokyo market is up by 22 points. That is after consumer | :10:11. | :10:17. | |
prices rose in December. Australia is also in positive territory by | :10:18. | :10:25. | |
five points. The US GDP numbers basically pushing Wall Street | :10:26. | :10:26. | |
industries in the higher ground. Thank you for investing your time | :10:27. | :10:41. | |
with us. Goodbye. The main news stories in London this hour. A fresh | :10:42. | :10:45. | |
appeal hearing in Italy has reinstated the conviction of Amanda | :10:46. | :10:48. | |
Knox and Raffaella Select chateau for the murder of the British | :10:49. | :10:53. | |
student Meredith Kercher, found stabbed to death in Perugia in | :10:54. | :10:57. | |
2007. American prosecutors are saying they will | :10:58. | :10:58. |