11/02/2014 Asia Business Report


11/02/2014

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ban on smoking in cars in England and Wales when children are

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passengers. They voted in favour of a Labour-supported amendment by a

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majority of 269. Now on BBC News all the latest business news live from

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Singapore. It is today one of Singapore's airshow. We get a sneak

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peek of a new plan and speak to Boeing about competing in Asia. It

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is a dirty business - authorities are doing their best in Asia to stop

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money-laundering but it is an uphill battle. In Singapore the Singapore

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airshow opened today with more than a thousand companies from 50

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countries there this year. Deals worth 31 billion dollars were

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announced. New plan to on display for the first time. -- planes. If

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you ever wondered what $50 million worth of investment in research and

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development can get you, the answer is parked right behind me. This is

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the A350, the latest Airbus and one claim to be the most modern. More

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than 50% of the plan is made up of carbon fibre. Meanwhile, other parts

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of use titanium and special alloys to further bring down weight. The

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engine, they claim, means will use 25% less fuel than the current

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generation of similar aircraft, offering the airlines capabilities

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to offer long haul services and better fuel efficiency. 7000 such a

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cross forecast to be sold over the next 20 years but Airbus is facing

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competition in this act, not least from the Boeing Dreamliner which is

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had a two year head start and, as Boeing found out, new technology can

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create issues. The F 350 is expected to lead the commercial services in

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the middle half of this year. -- eight 350. Our reporter is that the

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show. She spoke to Boeing. How does Boeing plan to compete against air

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bus? With me is that the vice president of sales and marketing.

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You posted a positive outlook. You have been losing some ground in key

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markets such as Japan, how to you plan to bring back those customers?

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Last year we had a good year in terms of orders. 648 aircraft. In

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the future, we have introduced new products such as the Dreamliner, the

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triple seven, the 747 so we are well positioned to not only keep our

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market share but grow at over time. With the air bus a 350, what more do

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you think you can do? Where is the growth coming from? There is no

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question the A350 is now to our 787 - we have sold thousands since we

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have launched it. To that there is 120 Dreamliners flying. Some in

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Asia. Delivery great fuel efficiency. You have had some

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setbacks with the Dreamliner, the battery fires, warranties and the

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air India emergency landing just last week, do you know what is

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causing those? We have had 55,000 flights - reliability is 98%. It is

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delivering to our customers at 20% reduction in fuel consumption and it

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is a great experience for passengers so we know we are on the right

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projector it. We have some work to do but we are pleased with the

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progress we have been able to make. You do not know what caused the

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problems? We have taken every precaution with the Dreamliner and

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the battery situation. We are confident with our solution and with

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the reliability and the customers are confident as well. You can make

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sure for further analysis go to our website. In other news making

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headlines, Togo to has ended its vehicle production in Australian by

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the end of 2017. Effectively, it marks the end of Australia's

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carmaking industry. Last year, Ford and General Motors also announced

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plans to stop producing cars in Australia. Barclays stake taken the

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unusual step of releasing its offered figures a day earlier. It

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wanted to provide clarity from media reports stop the pre-tax profits

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were $4.8 billion. Barclays was due to release the figures later today

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at it felt a Financial Times report printing the number was too close to

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the actual figures. The proceeds of crime is the dark underbelly of many

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of Asia's financial systems. The prices of money-laundering made

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easier by countries which allow anonymous banking or fail to clamp

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down on fake companies. In developing countries, it is

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estimated trillion dollars is laundered away every year. These tax

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havens are displayed criminals but the bulk of the money comes

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originally from countries like China and Malaysia and India. Asked why

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authorities or how authorities are dead to fight what is illicit? Much

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is paper-based. Leave it not. In the Asia-Pacific region, in Singapore,

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we have a vessels going through this port every day - what is on those

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vessels? How is that paid? What countries is going to? Other things

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on it that should not be that? Right now, it is paper-based. The entire

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trade around the world is paper-based and that gives criminals

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wide opportunity to move goods and services from point now to point B.

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About a Chilean dollars slips through. -- $8 trillion. Of these as

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staggering numbers. What is being done to clamp down on these? Any

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large companies are pursuing this and many banking associations are

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pursuing solutions. What they are trained to do is use data to

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automate this trail. $138 billion just in the paper trail so surely

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they could use some of that money to take a look at this. The countries

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you have named, China, Malaysia, India - what makes these countries

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particularly prone to money laundering is Mac I am not so sure

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they are prone to it. The problem is worldwide. But all three countries

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are booming. We're going to have trade, you are going to have more

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money laundering. More ships. In China, there has been cracked down

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is in corruption stop what is being done specifically their? Have you

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seen improvements? Significant improvement. China released... Banks

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must release documents. This allows them to know which to pay special

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attention to. Asian online dating sites are seen as places to seek

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husbands of wives but a group of young women are powering themselves

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with the new type of firm. The 25 year-old founder explains how it is

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unique. You only have two minutes to talk to the person which is really

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about Sparks are not making a deal. Most sites are created by men so

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this website is really unique - it is made by girls. Made by girls like

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me, and the people behind me. How do we find the perfect match? When we

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started, in all honesty, I was expecting 10,000 signups buy maybe

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half a year. But we got that in three months. We do lots of events.

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We arranged dates. We take it one step further. We do blogs, YouTube

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series, it is really teaching women to empower themselves. We have a

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much younger audience, from 18 to 29 years old. Most of them do not have

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enough income to have cars. It is a bigger reach RAS -- they do not have

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credit cards. It is a bigger reach for us. It is really for millennial

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is. You only live once. That ends this edition of Asia Business

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Report. Thanks for watching. Headlines Mac hundreds of

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