:00:00. > :00:00.ban on smoking in cars in England and Wales when children are
:00:00. > :00:00.passengers. They voted in favour of a Labour-supported amendment by a
:00:00. > :00:16.majority of 269. Now on BBC News all the latest business news live from
:00:17. > :00:22.Singapore. It is today one of Singapore's airshow. We get a sneak
:00:23. > :00:27.peek of a new plan and speak to Boeing about competing in Asia. It
:00:28. > :00:33.is a dirty business - authorities are doing their best in Asia to stop
:00:34. > :00:47.money-laundering but it is an uphill battle. In Singapore the Singapore
:00:48. > :00:56.airshow opened today with more than a thousand companies from 50
:00:57. > :01:01.countries there this year. Deals worth 31 billion dollars were
:01:02. > :01:07.announced. New plan to on display for the first time. -- planes. If
:01:08. > :01:11.you ever wondered what $50 million worth of investment in research and
:01:12. > :01:18.development can get you, the answer is parked right behind me. This is
:01:19. > :01:26.the A350, the latest Airbus and one claim to be the most modern. More
:01:27. > :01:32.than 50% of the plan is made up of carbon fibre. Meanwhile, other parts
:01:33. > :01:43.of use titanium and special alloys to further bring down weight. The
:01:44. > :01:48.engine, they claim, means will use 25% less fuel than the current
:01:49. > :01:55.generation of similar aircraft, offering the airlines capabilities
:01:56. > :02:07.to offer long haul services and better fuel efficiency. 7000 such a
:02:08. > :02:10.cross forecast to be sold over the next 20 years but Airbus is facing
:02:11. > :02:13.competition in this act, not least from the Boeing Dreamliner which is
:02:14. > :02:20.had a two year head start and, as Boeing found out, new technology can
:02:21. > :02:26.create issues. The F 350 is expected to lead the commercial services in
:02:27. > :02:43.the middle half of this year. -- eight 350. Our reporter is that the
:02:44. > :02:50.show. She spoke to Boeing. How does Boeing plan to compete against air
:02:51. > :02:58.bus? With me is that the vice president of sales and marketing.
:02:59. > :03:03.You posted a positive outlook. You have been losing some ground in key
:03:04. > :03:08.markets such as Japan, how to you plan to bring back those customers?
:03:09. > :03:15.Last year we had a good year in terms of orders. 648 aircraft. In
:03:16. > :03:23.the future, we have introduced new products such as the Dreamliner, the
:03:24. > :03:29.triple seven, the 747 so we are well positioned to not only keep our
:03:30. > :03:37.market share but grow at over time. With the air bus a 350, what more do
:03:38. > :03:45.you think you can do? Where is the growth coming from? There is no
:03:46. > :03:52.question the A350 is now to our 787 - we have sold thousands since we
:03:53. > :04:01.have launched it. To that there is 120 Dreamliners flying. Some in
:04:02. > :04:09.Asia. Delivery great fuel efficiency. You have had some
:04:10. > :04:13.setbacks with the Dreamliner, the battery fires, warranties and the
:04:14. > :04:22.air India emergency landing just last week, do you know what is
:04:23. > :04:27.causing those? We have had 55,000 flights - reliability is 98%. It is
:04:28. > :04:32.delivering to our customers at 20% reduction in fuel consumption and it
:04:33. > :04:36.is a great experience for passengers so we know we are on the right
:04:37. > :04:39.projector it. We have some work to do but we are pleased with the
:04:40. > :04:46.progress we have been able to make. You do not know what caused the
:04:47. > :04:51.problems? We have taken every precaution with the Dreamliner and
:04:52. > :04:58.the battery situation. We are confident with our solution and with
:04:59. > :05:10.the reliability and the customers are confident as well. You can make
:05:11. > :05:20.sure for further analysis go to our website. In other news making
:05:21. > :05:25.headlines, Togo to has ended its vehicle production in Australian by
:05:26. > :05:32.the end of 2017. Effectively, it marks the end of Australia's
:05:33. > :05:34.carmaking industry. Last year, Ford and General Motors also announced
:05:35. > :05:39.plans to stop producing cars in Australia. Barclays stake taken the
:05:40. > :05:44.unusual step of releasing its offered figures a day earlier. It
:05:45. > :05:50.wanted to provide clarity from media reports stop the pre-tax profits
:05:51. > :05:56.were $4.8 billion. Barclays was due to release the figures later today
:05:57. > :06:02.at it felt a Financial Times report printing the number was too close to
:06:03. > :06:06.the actual figures. The proceeds of crime is the dark underbelly of many
:06:07. > :06:10.of Asia's financial systems. The prices of money-laundering made
:06:11. > :06:16.easier by countries which allow anonymous banking or fail to clamp
:06:17. > :06:18.down on fake companies. In developing countries, it is
:06:19. > :06:25.estimated trillion dollars is laundered away every year. These tax
:06:26. > :06:31.havens are displayed criminals but the bulk of the money comes
:06:32. > :06:40.originally from countries like China and Malaysia and India. Asked why
:06:41. > :06:47.authorities or how authorities are dead to fight what is illicit? Much
:06:48. > :06:52.is paper-based. Leave it not. In the Asia-Pacific region, in Singapore,
:06:53. > :06:58.we have a vessels going through this port every day - what is on those
:06:59. > :07:03.vessels? How is that paid? What countries is going to? Other things
:07:04. > :07:07.on it that should not be that? Right now, it is paper-based. The entire
:07:08. > :07:12.trade around the world is paper-based and that gives criminals
:07:13. > :07:19.wide opportunity to move goods and services from point now to point B.
:07:20. > :07:28.About a Chilean dollars slips through. -- $8 trillion. Of these as
:07:29. > :07:34.staggering numbers. What is being done to clamp down on these? Any
:07:35. > :07:38.large companies are pursuing this and many banking associations are
:07:39. > :07:46.pursuing solutions. What they are trained to do is use data to
:07:47. > :07:51.automate this trail. $138 billion just in the paper trail so surely
:07:52. > :07:57.they could use some of that money to take a look at this. The countries
:07:58. > :08:00.you have named, China, Malaysia, India - what makes these countries
:08:01. > :08:07.particularly prone to money laundering is Mac I am not so sure
:08:08. > :08:13.they are prone to it. The problem is worldwide. But all three countries
:08:14. > :08:19.are booming. We're going to have trade, you are going to have more
:08:20. > :08:26.money laundering. More ships. In China, there has been cracked down
:08:27. > :08:29.is in corruption stop what is being done specifically their? Have you
:08:30. > :08:42.seen improvements? Significant improvement. China released... Banks
:08:43. > :08:54.must release documents. This allows them to know which to pay special
:08:55. > :08:59.attention to. Asian online dating sites are seen as places to seek
:09:00. > :09:11.husbands of wives but a group of young women are powering themselves
:09:12. > :09:19.with the new type of firm. The 25 year-old founder explains how it is
:09:20. > :09:29.unique. You only have two minutes to talk to the person which is really
:09:30. > :09:35.about Sparks are not making a deal. Most sites are created by men so
:09:36. > :09:43.this website is really unique - it is made by girls. Made by girls like
:09:44. > :09:49.me, and the people behind me. How do we find the perfect match? When we
:09:50. > :09:56.started, in all honesty, I was expecting 10,000 signups buy maybe
:09:57. > :10:04.half a year. But we got that in three months. We do lots of events.
:10:05. > :10:12.We arranged dates. We take it one step further. We do blogs, YouTube
:10:13. > :10:19.series, it is really teaching women to empower themselves. We have a
:10:20. > :10:29.much younger audience, from 18 to 29 years old. Most of them do not have
:10:30. > :10:35.enough income to have cars. It is a bigger reach RAS -- they do not have
:10:36. > :10:49.credit cards. It is a bigger reach for us. It is really for millennial
:10:50. > :10:59.is. You only live once. That ends this edition of Asia Business
:11:00. > :11:00.Report. Thanks for watching. Headlines Mac hundreds of