Browse content similar to 31/03/2014. Check below for episodes and series from the same categories and more!
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during an FA Cup semi`final in 1989. Now on BBC News all the latest | :00:00. | :00:14. | |
business news live from Singapore. Climate change, we look at the | :00:15. | :00:31. | |
latest report and it impact on people's lives and the global | :00:32. | :00:33. | |
economy. Find out why entrepreneurs are choosing to launch start`ups in | :00:34. | :00:37. | |
India. Welcome to Asia Business Report. I'm Rico Hizon. The | :00:38. | :00:43. | |
intergovernmental panel on climate change has released its latest | :00:44. | :00:46. | |
report on possible impacts on the sea levels and the weather, not just | :00:47. | :00:49. | |
on the world's environment but the economy as well. The report says | :00:50. | :00:52. | |
climate change could potentially stifle economic expansion and some | :00:53. | :00:55. | |
of the most significant effects will be felt in Asia. Earlier, I spoke | :00:56. | :01:02. | |
with an author. In the global aggregate, the impacts don't strike | :01:03. | :01:06. | |
me as very large. The global aggregate impact is in the order of | :01:07. | :01:16. | |
0.2% of GDP. That is in the global aggregate. For individual countries, | :01:17. | :01:19. | |
like low`lying countries, the impact would be much higher due to the | :01:20. | :01:22. | |
combined pressures of sea level rise, published in pressures and | :01:23. | :01:25. | |
other vulnerabilities in the ecosystems and the economic basis. | :01:26. | :01:34. | |
`` population pressures. It is understood that coastal areas in | :01:35. | :01:37. | |
Asia will be among the worst affected. What kind of impact will | :01:38. | :01:44. | |
it have on the region? It will have a strong impact. Most of the world's | :01:45. | :01:48. | |
most densely populated areas are in Asia, south`eastern and eastern | :01:49. | :01:56. | |
Asia. The impact this will have will very much depend on how society | :01:57. | :01:59. | |
decides to respond to climate change. Both in terms of whether we | :02:00. | :02:03. | |
collectively reduce gas emissions, and therefore reduce the sea level | :02:04. | :02:06. | |
rise rate, but all of the adaptation measures. We can either fortify | :02:07. | :02:14. | |
seawalls or adopt more flexible response mechanisms that ultimately | :02:15. | :02:17. | |
might mean that in some areas are managed strategic relocation of the | :02:18. | :02:19. | |
most vulnerable settlements might be needed. But it always comes down to | :02:20. | :02:27. | |
a local decision`making process, that needs to be connected with | :02:28. | :02:30. | |
national and in some cases international strategies. More signs | :02:31. | :02:42. | |
of a slowdown in Japan, as the latest numbers reveal industrial | :02:43. | :02:46. | |
production falling by more than 2%. That was in February. It reverses an | :02:47. | :02:53. | |
upward trend from the previous three months. The slowdown suggests | :02:54. | :02:56. | |
visitors are placing fewer orders in factories due to slowing demand | :02:57. | :02:59. | |
ahead of a planned sales tax hike. Effective tomorrow, Japan's | :03:00. | :03:05. | |
consumption tax goes up 2%. China's largest privately owned ship builder | :03:06. | :03:08. | |
has posted a loss of $1.4 billion for last year. It is a second | :03:09. | :03:13. | |
straight annual loss for the company. It blamed the losses on | :03:14. | :03:17. | |
declining orders during a downturn in the shipping sector. The company | :03:18. | :03:21. | |
turned to the government for financial help last year and warned | :03:22. | :03:24. | |
it would report a substantial loss due to its conservative sales | :03:25. | :03:29. | |
strategy. In Taipei, hundreds of thousands of demonstrators took to | :03:30. | :03:32. | |
the streets on Sunday near the presidential palace to protest at | :03:33. | :03:34. | |
government policy which aims to bring the island economically closer | :03:35. | :03:41. | |
to the mainland. The deal would allow service sector companies on | :03:42. | :03:44. | |
both sides to open up in each other's territories. The protest | :03:45. | :03:52. | |
have been going on for two weeks and shows no signs of letting up. In | :03:53. | :03:55. | |
Thailand, Prime Minister Yingluck Shinawatra has been summoned to | :03:56. | :03:57. | |
appear before the country's national anti`corruption body to date to | :03:58. | :04:00. | |
defend herself against charges of being negligent up with the | :04:01. | :04:05. | |
controversial rice subsidy scheme. The plan paid farmers above market | :04:06. | :04:08. | |
rates for their crops at political opponents allege that the initiative | :04:09. | :04:11. | |
hurt the country's rice reduction industry and fostered corruption. If | :04:12. | :04:15. | |
found guilty, she faces an impeachment in the upper house or a | :04:16. | :04:18. | |
possible five`year ban from politics. Over the weekend, tens of | :04:19. | :04:23. | |
thousands of anti`government protesters were marching through | :04:24. | :04:26. | |
Bangkok in a fresh attempt to unseat the Prime Minister. It was the | :04:27. | :04:31. | |
biggest show of force from the demonstrators since the court ruled | :04:32. | :04:34. | |
earlier this month that February's general poll was invalid. Voting in | :04:35. | :04:41. | |
India begins in over one week and for whichever party comes into | :04:42. | :04:43. | |
power, kickstarting growth will be the biggest challenge. Despite the | :04:44. | :04:51. | |
slowdown over the past couple of years, the number of start`ups in | :04:52. | :04:56. | |
India has been on the rise. And it's not just local entrepreneurs setting | :04:57. | :05:04. | |
up business. This might look like a car park but in fact it is the home | :05:05. | :05:08. | |
of one of the first companies in India that lets you hire a car and | :05:09. | :05:12. | |
then drive it yourself. Unlike most developed countries, until recently | :05:13. | :05:15. | |
anyone wanting to rent a vehicle had to hire a driver as well. But the | :05:16. | :05:22. | |
new alternative is already proving successful. A lot of people thought, | :05:23. | :05:29. | |
these white Americans, they think they are going to come here and | :05:30. | :05:32. | |
start a company. But as soon as things turned tough, they are going | :05:33. | :05:36. | |
to run right back to good job opportunities in San Francisco and | :05:37. | :05:41. | |
New York. There is really no official figure but it is estimated | :05:42. | :05:44. | |
that over one million new small and medium`sized firms are launched in | :05:45. | :05:57. | |
India every year. But at the same time, according to the World Bank, | :05:58. | :06:01. | |
this is one of the toughest races to start a business. Mark's journey in | :06:02. | :06:04. | |
India began six years ago when he and his wife decided to move here | :06:05. | :06:07. | |
from the UK to start branding and corporate communication company. | :06:08. | :06:10. | |
This was the time that the Indian economy was the toast of the world, | :06:11. | :06:15. | |
growing at about 10% annually. But Mark feels this is still the place | :06:16. | :06:19. | |
to do business. I've seen other people who have looked at the same | :06:20. | :06:22. | |
opportunity we've seen, who have come and may be invested 18 months | :06:23. | :06:25. | |
or two years and not been able to make the returns they expected. They | :06:26. | :06:29. | |
say, fine, we will do something else. I think the next 5`10 years | :06:30. | :06:33. | |
could be very exciting. We remain pretty bullish about it. Clearly not | :06:34. | :06:39. | |
without its challenges. And it's not only individuals who are optimistic | :06:40. | :06:43. | |
about start`ups here. But investors as well. Last year, backers put $1.6 | :06:44. | :06:46. | |
billion, US, into Indian start`ups with the e`commerce sector most | :06:47. | :06:54. | |
popular. Industry feels this will encourage more expatriots to look at | :06:55. | :07:01. | |
India for new opportunities. It is good to see this reverse kind of | :07:02. | :07:05. | |
migration happening. It's good because you suddenly have very open, | :07:06. | :07:07. | |
very entrepreneurial thinking, where many of us in India don't have that | :07:08. | :07:15. | |
openness of mind. Hats off to them. Making it easier for expatriots to | :07:16. | :07:18. | |
start a business here is something the government has been talking | :07:19. | :07:22. | |
about for a while. And, if that happens, that might tempt more | :07:23. | :07:25. | |
foreigners like Mark to come here, not just to sample the culture and | :07:26. | :07:29. | |
science and food but to have a go at being an Indian entrepreneur. In the | :07:30. | :07:38. | |
movie industry, films about superheroes are as American as Apple | :07:39. | :07:41. | |
pie that new technology means that film production is no longer tied | :07:42. | :07:47. | |
down to Hollywood studios. Movies are becoming a global industry and | :07:48. | :07:50. | |
increasingly Asia is becoming a major hub, especially for | :07:51. | :07:52. | |
postproduction work. I caught up with a director of the Amazing | :07:53. | :08:00. | |
Spider`Man II film. He said some of the postproduction was done in | :08:01. | :08:08. | |
India. I think there is something important with a large movie, you | :08:09. | :08:11. | |
have to appeal to a massive audience. That requires often a | :08:12. | :08:15. | |
pre`existing awareness of the character. But with a character like | :08:16. | :08:19. | |
Spider`Man, there are so many different inflections. It can | :08:20. | :08:25. | |
withstand so many different interpretations, that you can find | :08:26. | :08:31. | |
something new in something familiar. How much of the film production is | :08:32. | :08:39. | |
made in Asia? There are parts of the visual effects that were done in | :08:40. | :08:45. | |
India, in Mumbai. There was a whole team of artists. They worked on the | :08:46. | :09:05. | |
effects. Lucasfilm has opened its studio here. Asian headquarters have | :09:06. | :09:08. | |
been opened for postproduction work in India. What is the prospect of | :09:09. | :09:14. | |
work there? From what I experienced, postproduction has expanded across | :09:15. | :09:17. | |
the globe, because of the way it the into networks and the way | :09:18. | :09:19. | |
information transfers so quick and powerful. You can be working on many | :09:20. | :09:35. | |
different things simultaneously. So much of my post production work has | :09:36. | :09:39. | |
been going on in India, Korea. Given the nature of visual effects, | :09:40. | :09:41. | |
incredibly elaborate and requires thousands of people sometimes, you | :09:42. | :09:44. | |
have to spread that out across the world. What would it take for an | :09:45. | :09:48. | |
Asian film to make it really big in Hollywood? There have been great | :09:49. | :09:51. | |
cinema from Asia. Like Crouching Tiger, Hidden Dragon. The Asian | :09:52. | :09:59. | |
influence is massive. It goes beyond martial arts films. What Kurosawa | :10:00. | :10:05. | |
was able to achieve has had a profound influence on things like | :10:06. | :10:19. | |
Lucas Films, Stephen Spielberg. All these people paid very close | :10:20. | :10:21. | |
attention to what was happening here. Asian stock markets are mostly | :10:22. | :10:33. | |
trading higher this Monday. News of promising economic data and signs | :10:34. | :10:36. | |
that China will step into support its cooling | :10:37. | :10:37. |