:00:00. > :00:00.Europe, the Lib Dems were the only party of 'in'. Now on BBC News all
:00:00. > :00:22.the latest business news live from Singapore. As the search and rescue
:00:23. > :00:27.mission enters its third day, we take a closer look at the company
:00:28. > :00:35.behind the missing aircraft. And how one man is making money from
:00:36. > :00:42.specialist farming in India. Welcome to Asia Business Report. As we have
:00:43. > :00:49.been reporting, the search for the missing Malaysia airlines flight
:00:50. > :00:54.MH370, with 239 people on board, is now in its third day. The teams
:00:55. > :01:03.searching for the aircraft have spotted some debris in the sea south
:01:04. > :01:08.of Vietnam's. All possible causes are being considered. Here is what
:01:09. > :01:12.we know. The flight was en route to Beijing from Kuala Lumpur. More than
:01:13. > :01:17.two thirds of the passengers on board were Chinese nationals.
:01:18. > :01:19.Multiple countries are now involved in the search for any sign of
:01:20. > :01:25.wreckage. Malaysia airlines is one of the oldest carriers in Asia and
:01:26. > :01:28.the disappearance has cast a spotlight on the company. The
:01:29. > :01:35.company's stock price has fallen by as much as 80% at the open of trade
:01:36. > :01:41.in Kuala Lumpur. Earlier I spoke with an aviation specialist asking
:01:42. > :01:46.if it was possible the plane had been poorly maintained. I don't
:01:47. > :01:52.think so. It has a very good record with regards to flight safety. It
:01:53. > :01:54.has an excellent maintenance crew. It has nothing to do with
:01:55. > :02:00.maintenance I believe. A possibility, but fairly slim. A few
:02:01. > :02:10.years ago there was a possible merger between Malaysia airlines and
:02:11. > :02:21.air Asia for 20% of each of their shareholdings. Why did it not
:02:22. > :02:26.materialise? If there was an Air Asia agreement, could this have
:02:27. > :02:31.changed things? I don't think so. The talks went quite deep but both
:02:32. > :02:39.airlines realised it would not have been a good fit. Would it have
:02:40. > :02:44.helped? Debatable. The well-run. Malaysia Airlines is trying to
:02:45. > :02:50.turned the corner, so I think it is all speculation. With both airlines
:02:51. > :02:55.losing money, what is the likely future? They have to find a way to
:02:56. > :02:58.restructure the airline and turn it around in the right direction.
:02:59. > :03:09.Really this incident isn't going to help much. In other business News,
:03:10. > :03:15.Japan's current account deficit widens to over $15 billion. The
:03:16. > :03:19.largest since records began in 1985. In further bad news, the country's
:03:20. > :03:28.economic growth figures were revised downwards. The economy there
:03:29. > :03:36.expanded by less than 1% in 2013. Data from China has shown a big fall
:03:37. > :03:40.in exports. More than 18% in February compared to one year and
:03:41. > :03:52.go. Expectations were for an increase of 7%. The surprise drop in
:03:53. > :03:57.export comes just days after China's spokesman said the target would
:03:58. > :04:05.remain at 7.5%. More than 1000 workers were on strike at a factory
:04:06. > :04:17.in the south-east of Shenzhen. They are demanding more money. Or a
:04:18. > :04:22.bigger payoff if they choose not to join the mainland technology firm.
:04:23. > :04:28.Earlier I spoke with a spokesman from the China Labour will listen. I
:04:29. > :04:35.asked what this says about labour conditions on the mainland. I think
:04:36. > :04:40.it is a prominent example of what we have seen for the last few years.
:04:41. > :04:42.With the decline in the transformation of China's
:04:43. > :04:47.manufacturing sector, a lot of factories are being closed down.
:04:48. > :04:51.Many are merging. Factories are being taken over. This causes lot of
:04:52. > :04:57.disquiet and discomfort among the workforce. They are unsure of their
:04:58. > :05:02.job security. Also of their pay and working conditions. So this is the
:05:03. > :05:13.only way they can express their grievances. Is this a rising trend
:05:14. > :05:16.of rising strikes in multinational companies? We have seen industrial
:05:17. > :05:22.action is taking place over the past year, particularly in big companies
:05:23. > :05:30.such as phone making company Nokia. We have Pepsi, the multinational
:05:31. > :05:35.firm. I think they are all part of the mix, but we have seen a rise in
:05:36. > :05:39.industrial action over the past five years, not just in the manufacturing
:05:40. > :05:46.in China. Also in services, construction workers, sanitation
:05:47. > :05:52.workers, teachers, it is a pretty broad-based movement at the moment.
:05:53. > :05:59.How do you turn around a company that has a 200 year history and more
:06:00. > :06:05.than 150 thousand staff? That mission was taken on by this man. He
:06:06. > :06:10.became chief executive when the German steelmaking group was making
:06:11. > :06:17.vast losses. He explained how he turned the struggling company
:06:18. > :06:21.around. We have a lot of managers. But I did explain that there is a
:06:22. > :06:26.big difference between being a manager and being a leader. The
:06:27. > :06:29.difference is that the leader knows where he wants to go as an
:06:30. > :06:34.individual, but also within a team and the company. If you have not
:06:35. > :06:39.decided for yourself or for the company what you are aiming for,
:06:40. > :06:44.then you cannot lead. How do you qualify what is important? What is
:06:45. > :06:48.not important? So without a clear direction for the future, you cannot
:06:49. > :06:52.be a leader. This was a new way of thinking. It also means you need to
:06:53. > :07:00.spend more time thinking about what should be in the future, instead of
:07:01. > :07:06.just working day today. This was a new experience. Meanwhile, I think
:07:07. > :07:11.they like it. It gives you much more freedom. It is ultimately more
:07:12. > :07:15.challenging, but it is much more interesting than executing all your
:07:16. > :07:18.daily tasks. Can you give us examples of success where you're
:07:19. > :07:24.restructuring has worked? First of all, it is a complete new style of
:07:25. > :07:34.management. Our heritage was very hierarchal. That means you lose
:07:35. > :07:38.information and are slow. Many expats enjoy living overseas, that
:07:39. > :07:51.there is always a yearning for home. Maybe it is for authentic kimchi, or
:07:52. > :07:58.American chocolate. This man decided to set up his own farm. It is now
:07:59. > :08:04.flourishing. More from Delhi on the expat economy. Breeding animals for
:08:05. > :08:07.food is a pretty extreme way to make sure that what ends up on your
:08:08. > :08:16.dinner plate is up to the standard you want. But that is exactly what
:08:17. > :08:21.this farm was started four. Almost two decades ago. Located just a few
:08:22. > :08:29.kilometres outside of Delhi, it has become one of the top sources of
:08:30. > :08:38.gourmet food for expats in the Indian capital. The farm not only
:08:39. > :08:46.has many ducks, poultry, and pigs, but organic vegetables as well. The
:08:47. > :08:49.market has grown a lot. There are a lot of farmers. The people
:08:50. > :08:58.understand they have to pay a price to get the real, legitimate taste.
:08:59. > :09:04.Whether it is the fowls or the perfect turkey for roast, or even
:09:05. > :09:07.fresh trout for dinner, small farms like this one cater to the Top End
:09:08. > :09:14.of the market. It has not come cheap. Dickens in a regular Delhi
:09:15. > :09:20.market would cost about $2 a kilogram. From free range markets
:09:21. > :09:27.like this one it could cost three or four times that price -- chickens.
:09:28. > :09:35.They specialise in global foods. Launched as a small gourmet
:09:36. > :09:44.delicatessen, it is now nearly $150 million business. Selling imported
:09:45. > :09:52.food is not easy. We face a lot of challenges because of the new laws.
:09:53. > :10:00.The importers are scared. As a consequence, most of our cheese and
:10:01. > :10:09.meet counters are running dry. -- meat. Demand for produce is not
:10:10. > :10:14.restricted to foreigners. More and more urban Indians aspire to world
:10:15. > :10:18.cuisines and food they think of as high quality. Expect to see more
:10:19. > :10:25.specialist farms like this up and running. Asian stock markets are
:10:26. > :10:32.falling in Monday trade. A disappointing result. Uncertainty in
:10:33. > :10:35.the Ukraine. Thank you so much for in this thing your time with us.
:10:36. > :10:46.Sport today is up next. in this thing your time with us.
:10:47. > :10:52.Sport today is These are the top stories on BBC News. Search
:10:53. > :10:55.continues for the missing Malaysia Airlines flight. Search teams
:10:56. > :10:59.looking for the missing Malaysia Airlines flight are concentrating
:11:00. > :11:00.their efforts on an area of the sea where Vietnamese navy