:00:00. > :00:00.has denied his affair with colleague Rebekah Brooks breached professional
:00:00. > :00:00.standards. He denies conspiracy to hack phones and conspiracy to commit
:00:00. > :00:15.misconduct in a public office. Now on BBC News, all the latest business
:00:16. > :00:23.news live from Singapore. As Indonesia and India go to the polls,
:00:24. > :00:29.we look at how debt prospective new leaders may affect the regional
:00:30. > :00:34.economy. And cool jobs, the man tasked with building world`class
:00:35. > :00:43.film studios. They give are joining us. Our Asia Business Report,
:00:44. > :00:51.broadcasting to viewers around the world. Two of Asia's largest
:00:52. > :00:55.emerging markets could be in for big changes. India and Indonesia are
:00:56. > :01:02.both in the midst of election cycles. Is this leaders hope will
:01:03. > :01:15.deliver on economic reforms. It is now in the hands of voters. So what
:01:16. > :01:22.is the future like? Earlier I spoke to Mike McFarlane, global chief
:01:23. > :01:29.economist. I began asking him for his outlook on Indonesia. The
:01:30. > :01:33.pre`election campaign suggest a strong candidate will come through
:01:34. > :01:37.for reform. Last week the Parliament suggested that will not be the case.
:01:38. > :01:39.The likelihood is a coalition government, which will tend to slow
:01:40. > :01:44.down the process of reform considerably. Several key actions
:01:45. > :01:48.are at risk here. You have opening up industries, rolling back the fuel
:01:49. > :01:52.price subsidies. The subsidies are the big issue. That is where the
:01:53. > :01:56.government's deficit has expanded a lot. We need to see those rolled
:01:57. > :01:58.back. We need infrastructure as well. That requires a strong
:01:59. > :02:01.bureaucracy. And long`term planning in order to get that enacted. You
:02:02. > :02:05.need a really good platform for building on. Indonesia needs a
:02:06. > :02:12.strong government in order to do that. Are we likely to see a
:02:13. > :02:19.seachange in India now that they have a five`week election?
:02:20. > :02:26.Basically, they have been in economic crisis that to `` two
:02:27. > :02:32.decades. I wouldn't quite characterised in those terms. High
:02:33. > :02:35.inflation is a problem, but 2002, strong growth in India. It has
:02:36. > :02:40.recently slowed due to higher interest rates. What has happened is
:02:41. > :02:44.the reform process has slowed down. The election that is happening now
:02:45. > :02:53.should see a strong candidate come through. Mike McFarlane. US tobacco
:02:54. > :02:58.companies will make a payment to 46 states for the cost of providing
:02:59. > :03:02.healthcare for people with smoking`related illnesses. But South
:03:03. > :03:07.Korea be heading down a similar path? In a landmark case, a health
:03:08. > :03:14.insurance company filed a lawsuit against a number of domestic and
:03:15. > :03:30.foreign tobacco companies seeking to recoup the cost of treating
:03:31. > :03:32.smokers, who are suffering from cancer and other conditions. I spoke
:03:33. > :03:36.to a correspondent about whether tobacco companies are worried. In
:03:37. > :03:39.the past, lawsuits have been brought by individuals or families. It is
:03:40. > :03:45.the first time a state agency has brought a lawsuit. It has access to
:03:46. > :03:51.a lot more information in making its case. In the past, Korean tobacco
:03:52. > :03:54.companies have said there is not strong enough evidence to link
:03:55. > :03:58.smoking with individual cases of cancer. That is something the state
:03:59. > :04:04.agency is hoping to overturn. Of course, in this lawsuit, they are
:04:05. > :04:10.not only taking on Korea's largest tobacco company, but also American
:04:11. > :04:14.affiliates Philip Morris and BAT, both of whom have faced lawsuits in
:04:15. > :04:18.the United States. There is a lot more information around. Could this
:04:19. > :04:24.recent development changed the general smoking habits and Korea?
:04:25. > :04:26.Error a lot of smokers in Korea, particularly among the male
:04:27. > :04:33.population. Around 40% of Korean men smoke. The government has recently
:04:34. > :04:36.been on a drive to try and raise public awareness, to try and clamp
:04:37. > :04:41.down on smoking. Cigarettes are very cheap here. You walk along the
:04:42. > :04:46.street in Seoul and you can see lots of people on the street topping
:04:47. > :04:53.away. The government is trying to make public spaces and area when no
:04:54. > :04:58.one is allowed to smoke. It is difficult to smoke. This lawsuit is
:04:59. > :05:02.another way to put pressure on people, to raise awareness, and at a
:05:03. > :05:07.time when there is a lot of focus on welfare in South Korea. Lots of
:05:08. > :05:11.welfare is being demanded, and there is very little cash to pay for it.
:05:12. > :05:18.The government is trying to raise awareness and save cash. In other
:05:19. > :05:24.business News, Google has bought a maker of solar powered drones for an
:05:25. > :05:27.undisclosed sum. They said the purchase could help with its
:05:28. > :05:36.ambition of bringing web access to parts of the world. Facebook had
:05:37. > :05:43.already been in negotiations with Mumsnet, and announced its own plans
:05:44. > :05:48.to build solar powered drones and satellites. Canada's tax agency is
:05:49. > :05:51.the latest organisation to have seen its online security compromised
:05:52. > :05:56.because of the so`called Mumsnet bug. Hundreds of people had their
:05:57. > :06:02.information compromised after hackers exploited vulnerabilities
:06:03. > :06:06.due to the bug. Rich parenting website Mumsnet were also hacked
:06:07. > :06:09.recently due to be bug. It wasn't long ago that Asia's best and
:06:10. > :06:13.brightest students looked overseas for top`notch education. The
:06:14. > :06:17.graduate management admission council, which administers entrance
:06:18. > :06:26.exams for MBA programmes says that is changing. More are staying at
:06:27. > :06:30.home. The CEO of this company told us why it they are becoming more
:06:31. > :06:35.competitive. Two things. We are finding more high`quality management
:06:36. > :06:43.institutions in Asia. In the year 2000, there were no Asian schools in
:06:44. > :06:46.the Financial Times list of the top 40 schools in the world. Last year
:06:47. > :06:50.there were eight. Those eight are not in one location, they are all
:06:51. > :06:57.across the region. India, Singapore, Hong Kong, China. These top business
:06:58. > :07:00.schools in Europe and the United States are now setting up campuses
:07:01. > :07:05.here in Asia. Exactly. You have the option to go to great Asian business
:07:06. > :07:10.schools, as well is to go to the Asian campuses of the great European
:07:11. > :07:16.and US is the schools. So the supply is bad, if you will, to match the
:07:17. > :07:18.demand which has been there for a long period of time. Asian
:07:19. > :07:24.candidates want quality management education. Now they can get it in
:07:25. > :07:29.the region. The other thing is the secular amount for more and more
:07:30. > :07:33.high`quality management education because of the growth of the
:07:34. > :07:39.economic base out here. Here is what some students had to say about
:07:40. > :07:48.taking their business programmes at home or overseas. I am Chinese, he
:07:49. > :07:52.is Indian. We have advantages going to other places. Imagine in the UK,
:07:53. > :07:58.who can speak Chinese there? Not many. So if we go over there, we
:07:59. > :08:02.have the best of both worlds and will do very well to ourselves in
:08:03. > :08:06.the future. Ward I would prefer to stay in Singapore, because I want to
:08:07. > :08:10.be chartered accountancy and the Institute here is considered one of
:08:11. > :08:15.the world 's best. So why would I go all the way of their? Green I am
:08:16. > :08:19.most likely to stay in Singapore. I am more used to the lifestyle. Those
:08:20. > :08:28.were Singapore students. Imagine being given a free rein to build a
:08:29. > :08:32.film studio. That was a job given to an Australian veteran of the film
:08:33. > :08:40.industry with a career spanning four decades in three continents. As part
:08:41. > :08:44.of our series profiling Asia's cool jobs, I spoke to him and southern
:08:45. > :08:48.Malaysia. If your ambition is to get into the film industry, and you have
:08:49. > :08:54.the ability to think Dick, this could be the job for you. Mike
:08:55. > :08:58.designed and developed this complex. His job now is to bring in
:08:59. > :09:02.filmmakers from around the world. Welcome to Malaysia Studios. He was
:09:03. > :09:05.headhunted the government to turn this little`known city into a base
:09:06. > :09:08.for international film and television productions. Link, and
:09:09. > :09:13.you could think you are in Hollywood. That is because he spent
:09:14. > :09:16.ten years there before moving to Malaysia. He started out in TV in
:09:17. > :09:19.Australia 40 years ago, for working in production companies in ten
:09:20. > :09:23.countries. Take us through the process of what happens when you
:09:24. > :09:27.first come here and it was all jungle, and is now we have all of
:09:28. > :09:30.these film sets and studios. What we did in the early days, while it was
:09:31. > :09:34.still jungle, we did the designing and got that right. Then we went
:09:35. > :09:40.into the construction stage. We spent months, we cleared and moved
:09:41. > :09:49.something like 1 million cubic feet of earth. His job is not about its
:09:50. > :09:53.glamour. It is about hiring and managing all the staff needed to
:09:54. > :09:57.support filmmakers and their huge cruise. If he is not here working
:09:58. > :10:00.behind`the`scenes, he is travelling the world drumming up new business.
:10:01. > :10:06.This is obviously a unique opportunity. Is your job call? My
:10:07. > :10:09.job is very cool. Not many people get to do this, build a huge
:10:10. > :10:12.international facility, and then build an industry as well. Must be
:10:13. > :10:18.some challenges working in Malaysia. Tell me about those. The challenges
:10:19. > :10:23.are that this is unique. They have an industry, they do some industries
:10:24. > :10:29.just `` some films just for Malaysia, but we need to rethink in
:10:30. > :10:33.a big way. He and his team have come a long way since the project started
:10:34. > :10:40.four years ago. There have been some low points when he had many burning
:10:41. > :10:48.questions. How do I bring the infrastructure required? How do I
:10:49. > :10:56.bring the labour required? And to service the production which will
:10:57. > :11:00.come to the operation. His answer, set up a training college to support
:11:01. > :11:08.the industry for years to come. It is a plan which may well paved the
:11:09. > :11:13.way for local talent to one day take over. Thank you for watching.
:11:14. > :11:18.Vladimir Putin rejects accusations. The first attempt to map the seabed