Browse content similar to 02/04/2014. Check below for episodes and series from the same categories and more!
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Office says the company has been sold off to cheaply. Now time for | :00:00. | :00:00. | |
the latest business news live from Singapore. | :00:00. | :00:13. | |
In the limelight, find out why the Indonesian currency is the best | :00:14. | :00:21. | |
performing in Asia. Aviation safety industry 's trade body warns against | :00:22. | :00:25. | |
airlines being complacent. We start things off with a focus on | :00:26. | :00:41. | |
currencies and the recent transformation of the Indonesian | :00:42. | :00:47. | |
currency. Lastly it fell by 20% against the US dollar and was | :00:48. | :00:51. | |
labelled the worst performing currency in the region. Now, it has | :00:52. | :00:57. | |
emerged as Asia's best with recent gains due to an unexpected trade | :00:58. | :01:01. | |
surplus banks to eight jump in pole oil prices and a slowdown in | :01:02. | :01:02. | |
imports. Last year there were concerns about | :01:03. | :01:23. | |
the Indonesian currency. When the facts started appearing about | :01:24. | :01:29. | |
tampering, the focus started to go on vulnerable countries and | :01:30. | :01:32. | |
Indonesia was the most vulnerable so the currency fell by 20%. They took | :01:33. | :01:38. | |
active steps to address the situation. They made interest rates | :01:39. | :01:44. | |
higher. This year we are starting to see some of the benefits of that. | :01:45. | :01:48. | |
You mentioned that trade accounts turning into surplus so that is a | :01:49. | :01:58. | |
real positive. Can this be sustained as it will not be as extensive going | :01:59. | :02:02. | |
forward. The other thing that has affected the currency is the | :02:03. | :02:11. | |
premium. We have seen the currency respond very positively. A lot of | :02:12. | :02:21. | |
activity around Chinese currency. Is this an introduction for the yuan to | :02:22. | :02:32. | |
move into full convertibility. The by 2020 it seems most likely, they | :02:33. | :02:36. | |
have taken another step two weeks ago with the doubling of the yuan | :02:37. | :02:46. | |
trading band. We will seek further steps in that direction. Are we | :02:47. | :02:51. | |
likely to seek the band falling below six against the US dollar? I | :02:52. | :02:56. | |
do not think the yuan will appreciate that strongly but the | :02:57. | :03:02. | |
recent weakness looks to be done. I expect it to stabilise and show some | :03:03. | :03:06. | |
appreciation eventually. Living up to a virtual currencies. | :03:07. | :03:19. | |
The CEO of MtGox has been ordered by a US judge to appear in Dallas in | :03:20. | :03:24. | |
two weeks time. At the offices of the law firm that represents the | :03:25. | :03:30. | |
Bitcoin exchange. They want him to explain why the exchange shut down | :03:31. | :03:35. | |
in February and what happened to their 750,000 Bitcoin. The exchange | :03:36. | :03:41. | |
said that those coins was stolen in a computer hacking attack the | :03:42. | :03:46. | |
customers are alleging that MtGox insiders may have stolen their | :03:47. | :03:53. | |
Bitcoin. Singapore 's Noble group is selling 51% of its agricultural unit | :03:54. | :03:58. | |
to Chinese state`owned twopenny. The final price is yet to be determined. | :03:59. | :04:02. | |
They said they will make an initial payment of one half billion dollars | :04:03. | :04:06. | |
in cash. This deal gives China access to a stable supply of | :04:07. | :04:13. | |
agricultural resources. Oil giant, BP will be ceasing production at a | :04:14. | :04:17. | |
refinery in Brisbane due to competition from bigger and more | :04:18. | :04:21. | |
cost effective refineries in Asia. Operations at BP's Island will stop | :04:22. | :04:27. | |
by the middle of next year. Australia's refineries are mainly | :04:28. | :04:32. | |
owned by EP, Shell and Caltex. Many of them have recorded losses over | :04:33. | :04:38. | |
the last few years due to a high Australian dollar and the rise of | :04:39. | :04:44. | |
mega refineries in the region. In aviation, Germany has cancelled | :04:45. | :04:52. | |
thousands of flights in anticipation of a strike. The cancellations will | :04:53. | :04:58. | |
affect 425,000 passengers. The carrier said earlier this week that | :04:59. | :05:01. | |
the industrial action will cost the airline tens of millions of Euros. | :05:02. | :05:06. | |
The dispute with its pilots over pay has been going on now for if you | :05:07. | :05:10. | |
months. The airline has been trying to cut costs amid tougher | :05:11. | :05:13. | |
competition from European budget carriers and aggressively expanding | :05:14. | :05:20. | |
government owned Gulf airlines. How is it that a plane goes missing and | :05:21. | :05:24. | |
despite best efforts cannot be found? The International air | :05:25. | :05:29. | |
transport Association have called on government and industry to improve | :05:30. | :05:34. | |
global tracking of aircraft and make more effective use of passenger | :05:35. | :05:38. | |
data. In 2013, there were over 29 million flights with 12 Hull | :05:39. | :05:45. | |
losses. That is one accident for every 2.4 million flights. Accident | :05:46. | :05:50. | |
are rare but the current search for MH370 is a reminder that we can | :05:51. | :05:53. | |
never be complacent on safety. Earlier I spoke with an aviation | :05:54. | :06:01. | |
expert from the Singapore Management University. That are lots of | :06:02. | :06:06. | |
improvements that could be made. The industry organisation will have to | :06:07. | :06:11. | |
get together and make sure that they can advance the agenda. You have to | :06:12. | :06:17. | |
understand also that the airlines are subject to the regulations of | :06:18. | :06:20. | |
the respective government. An industry body can push but it is | :06:21. | :06:24. | |
ultimately up to the local government to decide what | :06:25. | :06:30. | |
regulations they will put in. These types of multilateral actions takes | :06:31. | :06:37. | |
times, once and years. Shouldn't this type of incident, what happened | :06:38. | :06:43. | |
to MH370, shouldn't there be changes to prevent another plane | :06:44. | :06:47. | |
disappearing? I agree. They should make sure that the conclusions of | :06:48. | :06:53. | |
such suggestions be readied by the end of 2014. We are still talking | :06:54. | :06:59. | |
about months but we at talking about authorities that... This is still | :07:00. | :07:01. | |
from the industry body and we have to wait for the regulatory | :07:02. | :07:07. | |
authorities to make the decision. Cut the red tape! All of these | :07:08. | :07:12. | |
airlines should have these tracking system. I fully agree with you. The | :07:13. | :07:19. | |
question operationally. Once we have a new system, they must be certified | :07:20. | :07:24. | |
and put into existing air planes. And that will take a lot of time to | :07:25. | :07:33. | |
a low of the revelatory measures take time. | :07:34. | :07:41. | |
They say that laughter is the best medicine. Some are born with the | :07:42. | :07:48. | |
gift of comedy and others think they could learn from it but can you make | :07:49. | :07:51. | |
a career out of teaching people to be funny? In a look at some of | :07:52. | :07:56. | |
Asia's coolest jobs, our correspondent beat a stand`up | :07:57. | :07:58. | |
comedian. My wife is British and so polite | :07:59. | :08:09. | |
that she got money from the ATM and she said thank you. If you want to | :08:10. | :08:13. | |
be a comedian, you had better feel comfortable poking fun at your | :08:14. | :08:19. | |
spouse. Making strangers laugh can be a tough gig but it is something | :08:20. | :08:22. | |
that this man thrives on. I always wanted to be a comedian, laughing | :08:23. | :08:29. | |
and being the first one to tell a joke. He started out more than two | :08:30. | :08:36. | |
decades ago at a university competition. But it was not until | :08:37. | :08:41. | |
years later that he got the courage to take a chance at going | :08:42. | :08:49. | |
professional. He now owns a comedy are in Asia where revenue has | :08:50. | :08:54. | |
tripled over the past seven years. His club is in Hong Kong's Soho | :08:55. | :08:58. | |
district. A bustling neighbourhood known for its fine dining and | :08:59. | :09:05. | |
nightlife. Most of his customers are young professionals, looking for a | :09:06. | :09:09. | |
fun night out. He lives to perform and it is obviously his first love. | :09:10. | :09:14. | |
He is also an entrepreneur, creating a sustainable business will stop | :09:15. | :09:18. | |
that is why his club welcomes not just established performers but also | :09:19. | :09:27. | |
trains complete newcomers. The first 30 seconds is when the audience | :09:28. | :09:29. | |
decides whether they like you or not. He teaches comedians. | :09:30. | :09:35. | |
Microphone techniques, how to deliver a punchline and what to do | :09:36. | :09:37. | |
if the audience just is not laughing. About four minutes is | :09:38. | :09:44. | |
better than a bad six minutes. If you are not having it, don't keep | :09:45. | :09:53. | |
digging it. Walk off. You a pig in `` digging a big hole for the next | :09:54. | :09:59. | |
comedian. Is just one of the challenges that he faces as a comedy | :10:00. | :10:03. | |
teacher. So what is the worst part of the job? Paperwork and | :10:04. | :10:08. | |
accounting, associated with running a business. In spite of the | :10:09. | :10:15. | |
pitfalls, many comedians feel stand`up is the coolest job around. | :10:16. | :10:19. | |
When you get it right, it might just be worth quitting your day job for. | :10:20. | :10:27. | |
Thanks for watching Asia Business Report. Sportsday is up next. A new | :10:28. | :10:42. | |
story is this hour. Authorities | :10:43. | :10:43. |