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been charged with the murder of her seven-week old boy. She was -- he
died a day after being taken to hospital.
Now for all the latest business news.
Thailand's collections are disrupted by protesters, leaving millions
unable to vote. Will this cost the country into political limbo. As
millions celebrate Chinese New Year, we take a look at the investment
projections. We start off with Thailand, which
held elections on Sunday, despite a boycott from the opposition party.
The election commission was unable to tally the result after
anti-government protesters forced hundreds of polling stations to shut
down. Affecting more than 6 million voters. A new date is expected to be
set to pass the ballot. Earlier I spoke with Tony Nash and asked if we
could see any resolution to the conflict. The good part is that
there was no violence. It was not extreme. We are not looking at the
military coup. What the opposition is hoping for is that the
Constitution Court comes into the election commission and the close
the vote invalid or that the corruption commission proceeds with
corruption allegations and prosecution against Yingluck
Sinawatra. With those options that you have put on the table, how will
investors perceive all of this? They will see things slow down for a
while. The best option that people have is that it is a waiting game.
They are hoping that protest fatigue sets in. As protest fatigue sets
in, that is the best friend. With more political gridlock, as you
say, will investors remain on the sidelines, or will they see this as
an opportunity to come in and look into the economy and investment
opportunities? It depends. There is a milestone that they need to see in
the next two weeks. If the corruption commission say that there
are going to persecute the government or Yingluck Sinawatra
this -- specifically, that milestone first. That is before major action
on investment takes place. The airline sector in India has seen
a jump in bookings after slashing FS. But it comes at a time when many
of the domestic carriers are running at massive losses.
Getting up for a holiday. This woman is searching for hotels in goal,
where she will be flying for a weekend with a friend. She had no
plans are going for a short break. Then she saw that airlines were
selling tickets at a huge discount. She could not resist. It was the
reason. I would love to go every month, but that is not feasible. If
you take a bus or a train, that wastes a time of travelling. The
tickets have become expensive. Domestic airlines had a sale
offering cheaper tickets for travel between February and April. Online
travel portals see that bookings on some routes struggled to in the same
period. But can Indian airlines afford to offer tickets at such low
prices? In 2013, the combined loss of all domestic Indian airlines was
over $1 billion. So why are they offering such huge discounts if they
are not making profits? Every year between January-March is the school
and university exam season. That means less people are flying. They
offering cheaper tickets, airlines hope that they can tempt passengers
and fill in more seats. India already has five national domestic
carriers. And several airline groups are planning to start flights in
India. While it has been growing every year, most Indian airlines are
still struggling to make money because of the lower fares, the high
taxes and operational costs. Globally, aviation has been a
notoriously difficult industry to make money. And squeezing every
dollar out of passengers helps the chances. But the recent ticket sales
and arrival of new airlines into the market means that India will no
doubt see more airfare battle is in 2014. -- battles.
Markets in China and Hong Kong remain shut down for the bigger New
Year celebrations. It is the year of the horse, according to the Chinese
zodiac. Many people will visit an expert to get one's fortune. I spoke
to an analyst about the animal index that predicts investment trends. We
looked at the Fortune shot of the year. It has a strong presence of
fire. We are expecting the market to go strong. So we are producing
markets galloping higher. Especially in the first half. It is going to be
big run. Which particular companies are going to do well? Sectors like
the wood and fire sectors. Companies in fashion, retail, soft commodities
and Internet technologies. Which particular companies will
underperform? From our perspective, the sector is going to struggle.
Companies in property, construction, resources, they should be more
cautious. And the report specifically predicts sins are they
not only turning on Japan's nuclear power stations, but eventually
confirming reports that the nation is pursuing nuclear weapons. How did
the index arrived at this conclusion? -- Shinzo Abe A. It is
particularly light-hearted predictions. We are predicting that
he is going to have a challenging year. It is a wealth of fire
element. Fire combined with the gang metal could indicate a new form of
energy. We are looking possibly at nuclear. But also from a
geopolitical position. Another common sight during the
Chinese beer are lion dance groups, which are believed to bless
businesses with good fortune. -- Chinese New Year. They are paid as
much as $4000 for their services. We caught up with a popular troupe in
Kuala Lumpur. The Chinese lion dance brings good
fortune to businesses. But over the years they have perfect it into
quite an arts. This is one of the top line dance trips in the country.
They are going to do some incredible acrobatics. Sitting next to me is
one of the lion heads. You can see his pants. A lot of people are very
excited and are drawn most specifically to watch this
particular performance. Are you excited? Yes. The lion dance is
amazing. I hope that I can get an orange. That will bring me good
luck. I would not eat it on the spot. The cost of living is going
up, Chinese New Year is like Christmas, people spend a lot of
money, have you noticed that at all? Somewhat. This year I am spending
less than the previous year. It is more towards family time rather than
spending money. How much less are you spending? 50%. Have businesses
held back on hiring dancing groups? Yes. Every month they cut the
budget. This particular performance lasted for about 15 minutes and it
cost over $1000. If that sounds like a lot of money, consider how many
people they attract just to watch this particular performance. This is
also seen as a blessing for all of the businesses in the shopping mall.
In this particular year where people are cutting back on spending,
businesses want as much luck and fortune as they can get.
In the Asian markets, stocks are struggling this Monday after reports
over the weekend showed that China's factory growth fell to a
low. That is for this edition of the Asia Business Report. The Super Bowl
is currently under way. More up next.
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