Browse content similar to 31/03/2014. Check below for episodes and series from the same categories and more!
Line | From | To | |
---|---|---|---|
semi`final in 1989. Now on BBC News, all the latest business news, live | :00:00. | 3:59:59 | |
from Singapore. Climate change. We look at it impact | :00:00. | :00:17. | |
on people's lives and the global economy. Find out why entrepreneurs | :00:18. | :00:22. | |
are choosing to launch start`ups in India. | :00:23. | :00:25. | |
Welcome to Asia Business Report. I'm Rico Hizon. The intergovernmental | :00:26. | :00:37. | |
panel on climate change has released its latest report on possible | :00:38. | :00:41. | |
impacts on the sea levels and the weather, not just on the world's | :00:42. | :00:47. | |
environment but the economy as well. Report says climate change could | :00:48. | :00:50. | |
potentially stifle economic expansion and some of the most | :00:51. | :00:53. | |
significant effects will be felt in Asia. Earlier, I spoke with an | :00:54. | :01:03. | |
author. The impacts don't strike very large. The global aggregate | :01:04. | :01:10. | |
impact is in the order of .2% of GDP. That in the global aggregate. | :01:11. | :01:18. | |
For individual countries, like low`lying countries, the impact | :01:19. | :01:23. | |
would be much higher due to the combined pressures of sea level | :01:24. | :01:28. | |
rise, published in pressures and other vulnerabilities in the | :01:29. | :01:30. | |
ecosystems and the economic basis. It is understood that coastal areas | :01:31. | :01:36. | |
in Asia will be among the worst affected. What kind of impact will | :01:37. | :01:43. | |
it have on the region? It will have a strong impact. Most of the | :01:44. | :01:49. | |
world's most densely populated areas are in Asia, south`eastern and | :01:50. | :01:56. | |
eastern Asia. The impact this will have will very much depend on how | :01:57. | :01:59. | |
society decides to respond to climate change. Both in terms of | :02:00. | :02:04. | |
whether we collectively produce gas emissions, and therefore produce the | :02:05. | :02:11. | |
sealevel rise rate, but all of the adaptation measures. We can either | :02:12. | :02:15. | |
fortify seawalls or adopt more flexible response mechanisms that | :02:16. | :02:21. | |
ultimately might mean that in some areas are managed strategic | :02:22. | :02:24. | |
relocation of the most vulnerable settlements might be needed. But it | :02:25. | :02:28. | |
always comes down to a local decision`making process, that needs | :02:29. | :02:33. | |
to be connected with national and in some cases incident at `` | :02:34. | :02:38. | |
international strategies. More signs of a slowdown in Japan, as the | :02:39. | :02:42. | |
latest numbers reveal industrial production falling by more than 2%. | :02:43. | :02:50. | |
That was in February. The slowdown suggests visitors are placing fewer | :02:51. | :02:54. | |
orders in factories due to slowing demand ahead of a planned sales tax | :02:55. | :02:59. | |
hike. Effective tomorrow, Japan's consumption tax `` tax goes up 2%. | :03:00. | :03:05. | |
China's largest privately owned ship will do has posted a loss of $1.4 | :03:06. | :03:10. | |
billion for last year. It is a second straight annual loss for the | :03:11. | :03:16. | |
company. It blamed the losses on declining orders during a downturn | :03:17. | :03:21. | |
in the shipping sector. The company turned to the government for | :03:22. | :03:23. | |
financial help last year and warned it would report a substantial loss | :03:24. | :03:26. | |
due to its conservative sales strategy. | :03:27. | :03:31. | |
In Taipei, hundreds of thousands of demonstrators took to the streets on | :03:32. | :03:35. | |
Sunday near the presidential palace to protest at government policy | :03:36. | :03:39. | |
which aims to bring the island economically closer to the | :03:40. | :03:41. | |
mainland. The deal would allow service sector companies on both | :03:42. | :03:46. | |
sides to open up in each other's territories. The protest have been | :03:47. | :03:51. | |
going on for two weeks and shows no signs of letting up. | :03:52. | :03:55. | |
In Thailand, Prime Minister Yingluck Shinawatra has been summoned to | :03:56. | :03:59. | |
appear before the country's national anticorruption body to date to | :04:00. | :04:03. | |
defend herself against charges of being negligent up with the | :04:04. | :04:07. | |
controversial rice subsidy scheme. The plan paid farmers above market | :04:08. | :04:11. | |
rates for their crops at political opponents allege that the initiative | :04:12. | :04:16. | |
hurt the country's rice reduction industry and fostered corruption. It | :04:17. | :04:22. | |
found guilt `` if found guilty, she faces an impeachment in the upper | :04:23. | :04:24. | |
house of a possible five`year ban from politics. | :04:25. | :04:30. | |
Over the weekend, tens of thousands of anti`government protesters were | :04:31. | :04:33. | |
marching through Bangkok in a fresh attempt to unseat the Prime | :04:34. | :04:36. | |
Minister. It was the biggest show of force from the demonstrators since | :04:37. | :04:40. | |
the court ruled earlier this month that February's general poll was | :04:41. | :04:42. | |
invalid. Voting in India begins in over one | :04:43. | :04:49. | |
week and for whichever party comes into power, kickstarting growth will | :04:50. | :04:54. | |
be the biggest challenge. Despite the slowdown over the past couple of | :04:55. | :04:58. | |
years, the number of start`ups in India has been on the rise. And it's | :04:59. | :05:02. | |
not just local entrepreneurs setting up his nurse. | :05:03. | :05:08. | |
This might look like a car park but in fact it is the home of one of the | :05:09. | :05:14. | |
first companies in India that lets you hire a car and then drive it | :05:15. | :05:18. | |
yourself. Unlike most developed countries, until recently anyone | :05:19. | :05:21. | |
wanting to rent a vehicle here to hire a driver as well. But the new | :05:22. | :05:24. | |
alternative is already proving successful. A lot of people thought, | :05:25. | :05:32. | |
these white Americans, they think they are going to come here and | :05:33. | :05:35. | |
start a company. But as soon as things turned tough, they are going | :05:36. | :05:40. | |
to run right back to good job opportunities in San Francisco and | :05:41. | :05:44. | |
New York. There is really no official figure but it is estimated | :05:45. | :05:49. | |
that over 1 million new small and medium `` medium`sized firms are | :05:50. | :05:52. | |
launched in India every year. According to the World Bank, this is | :05:53. | :05:56. | |
one of the toughest races to start a business. Mark's journey in India | :05:57. | :06:03. | |
began six years ago when he and his wife decided to move here from the | :06:04. | :06:07. | |
UK to start branding and corporate communication company. This was the | :06:08. | :06:10. | |
time that the Indian economy was the toast of the world, growing at about | :06:11. | :06:16. | |
10% annually. But Mark feels this is still the place to do business. I've | :06:17. | :06:21. | |
seen other people who have looked at the same opportunity we've seen, who | :06:22. | :06:26. | |
have come and may be invested 18 months or two years and not been | :06:27. | :06:29. | |
able to make the returns they expected. They say, fine, we will do | :06:30. | :06:34. | |
something else. I think the next 5`10 years could be very exciting. | :06:35. | :06:39. | |
We remain pretty bullish about it. Clearly not without its challenges. | :06:40. | :06:44. | |
And it's not only individuals who are optimistic about start`ups here. | :06:45. | :06:48. | |
But investors as well. Last year, backers put $1.6 billion, US, into | :06:49. | :06:54. | |
Indian start`ups with the e`commerce sector most popular. Industry feels | :06:55. | :06:59. | |
this will encourage more ex` patriots to look at India for new | :07:00. | :07:03. | |
opportunities. It is good to see this reverse kind of migration | :07:04. | :07:06. | |
happening. It's good because you suddenly have very open, very | :07:07. | :07:10. | |
entrepreneurial thinking, where many of us in India don't have that | :07:11. | :07:18. | |
openness of mind. Hats off to them. Making it easier for ex` patriots to | :07:19. | :07:21. | |
start a business here is something the government has been talking | :07:22. | :07:25. | |
about for a while. And, if that happens, that might tempt more | :07:26. | :07:30. | |
foreigners like Mark to come here, not just to sample the culture and | :07:31. | :07:34. | |
science and food but to have a go at being an entre `` Indian | :07:35. | :07:40. | |
entrepreneur. In the movie industry, films about | :07:41. | :07:45. | |
superheroes are as American as apple pie that new technology means that | :07:46. | :07:49. | |
film production is no longer tied down to Hollywood studios. Movies | :07:50. | :07:55. | |
are becoming a global industry and increasingly Asia is becoming a | :07:56. | :07:57. | |
major hub, especially for postproduction work. I caught up | :07:58. | :08:02. | |
with a director of the Amazing Spiderman II film. He said some of | :08:03. | :08:07. | |
the postproduction was done in India. I think there is something | :08:08. | :08:14. | |
important with a large movie, you have to appeal to a massive | :08:15. | :08:18. | |
audience. That requires often a pre`existing awareness of the | :08:19. | :08:21. | |
character. But with a character like Spiderman, there are so many | :08:22. | :08:27. | |
different inflections. It can withstand so many different | :08:28. | :08:31. | |
interpretations, that you can find something new in something familiar. | :08:32. | :08:37. | |
How much of the film production is made in Asia? There are parts of the | :08:38. | :08:45. | |
visual effects that were done in India, in more buy. There was a | :08:46. | :08:54. | |
whole team of artists. `` in Mumbai. They worked on the effects. Asian | :08:55. | :08:59. | |
headquarters have been opened for postproduction work in India. What | :09:00. | :09:05. | |
is the prospect of work there? From what I experienced, postproduction | :09:06. | :09:10. | |
has expanded across the globe, because of the way it the into | :09:11. | :09:14. | |
networks and the way information transfers so quick and powerful. `` | :09:15. | :09:25. | |
the. You can be working on many different things simultaneously. So | :09:26. | :09:28. | |
much of my post production work has been gone `` been going on in India, | :09:29. | :09:39. | |
Korea. Given the nature of visual effects, incredibly elaborate and | :09:40. | :09:41. | |
requires thousands of people sometimes, you have to spread that | :09:42. | :09:47. | |
out across the world. What would it take for an Asian film to make it | :09:48. | :09:52. | |
really big in Hollywood? There have been great cinema from Asia. Like | :09:53. | :10:00. | |
Crouching Tiger, Hidden Dragon. The Asian influence is massive. It goes | :10:01. | :10:09. | |
beyond martial arts films. What Kurosawa was able to achieve has had | :10:10. | :10:14. | |
a profound influence on things like Lucas Films, Stephen Spielberg. | :10:15. | :10:22. | |
Asian stock markets are mostly trading higher this Monday. News of | :10:23. | :10:26. | |
promising economic darter and signs that China will step into support | :10:27. | :10:31. | |
its cooling economy. `` data. That's it for now. | :10:32. | :10:42. | |
This is BBC News. The headlines: There has | :10:43. | :10:43. |