:00:00. > :00:14.Now on BBC News all the latest business news live from Singapore.
:00:15. > :00:18.As Indonesia and India go to the polls, we look at how their
:00:19. > :00:25.prospective new leaders admit the fact the economy.
:00:26. > :00:31.We meet demand passed with building a world`class film studio.
:00:32. > :00:41.Thanks for watching Asia Business Report on BBC World News. Two of
:00:42. > :00:46.Asia's largest emerging market could be in for big changes in the coming
:00:47. > :00:51.year. India and Indonesia are both in the midst of the election cycles.
:00:52. > :00:55.Leaders are hoping that both will deliver on economic reforms but it
:00:56. > :01:01.is now in the hands of the voters. So what does the future look like?
:01:02. > :01:06.Earlier I spoke with the global chief economist at a bank, asking
:01:07. > :01:08.for his outlook on Indonesia. The pre`election campaign has suggested
:01:09. > :01:13.there would be a strong candidate coming through. The Parliamentary
:01:14. > :01:17.elections suggest that will not be the case. The likelihood is we will
:01:18. > :01:22.get a Coalition government and that slows down the process of reform.
:01:23. > :01:33.And several key actions are at risk here. And rolling back this fuel
:01:34. > :01:37.price subsidies? That is the big issue because that is the area where
:01:38. > :01:40.the deficit has really expanded. We need to see those rolled back. We
:01:41. > :01:45.need infrastructure as well and that requires a strong bureaucracy and
:01:46. > :01:52.long`term planning regimes. You need a really good form for building on
:01:53. > :01:56.and Indonesia needs a strong government. Are we likely to see a
:01:57. > :02:02.seachange in India but now they have a five`week election, basically,
:02:03. > :02:10.they have been in an economic crisis for two decades. I would not
:02:11. > :02:15.characterise it in those terms, it is not that bad. I inflation has
:02:16. > :02:18.been a problem but from the garden to onwards, there has been strong
:02:19. > :02:25.growth in India which has recently slowed, partly because of high
:02:26. > :02:29.interest rates. The reform process has really slow down in India so the
:02:30. > :02:34.election is happening now and it should be a strong candidate come
:02:35. > :02:40.through. today, US tobacco companies will make their annual payment to
:02:41. > :02:44.provide healthcare for people with a smoking`related illnesses. But South
:02:45. > :02:53.Korea be headed down a similar path? In a landmark case, a loss of
:02:54. > :02:56.domestic and foreign tobacco firms, seeking to recoup the cost of
:02:57. > :03:00.treating a group of smokers who are diagnosed with lung and broke
:03:01. > :03:05.cancer. I asked our correspondent in South Korea whether the tobacco
:03:06. > :03:08.companies were worried. In the past, lawsuits have been brought by
:03:09. > :03:13.individuals or families but this is the first time that a state agency
:03:14. > :03:17.has brought a lawsuit. It has access to more information in making its
:03:18. > :03:23.case in the past, Korean tobacco companies have said there are is not
:03:24. > :03:28.strong enough evidence to link smoking to individual cases of
:03:29. > :03:33.cancer. That is something the state agency is hoping to overturn. In
:03:34. > :03:37.this lawsuit, they are not only taking on the largest tobacco
:03:38. > :03:42.company but also American Phillips, the companies that will do have
:03:43. > :03:49.faced lawsuits in the US. There is a lot more information around in
:03:50. > :03:53.making this case. Could this development change the general
:03:54. > :03:58.smoking habit in Korea? There are a lot of smokers in Korea,
:03:59. > :04:06.particularly the male population. 40% of male Koreans spoke. `` smoke.
:04:07. > :04:10.The government has been trying to clamp down on smoking. Cigarettes
:04:11. > :04:16.are very cheap here. On the streets, you can see lots of people puffing
:04:17. > :04:19.away. The government has been trying to make public spaces and area where
:04:20. > :04:22.no one is allowed to smoke but it has been difficult to enforce. This
:04:23. > :04:27.lawsuit is another way for the government to put pressure on people
:04:28. > :04:31.to raise awareness and at a time when there is focus on welfare here
:04:32. > :04:33.in South Korea, the welfare here in South Korea, but while fat being
:04:34. > :04:37.demanded of the government. Very little cash to pay for it. Another
:04:38. > :04:44.area where the government is trying to raise awareness and also save
:04:45. > :04:51.some cash. In other business News making headlines, Google has bought
:04:52. > :04:56.tight and airspace. The Internet giant said it could help with it
:04:57. > :05:01.ambition of bringing where the access to remote parts of the world.
:05:02. > :05:06.Facebook has been in negotiations with Titan and the few weeks ago,
:05:07. > :05:12.announced plans to build solar power drones and satellites. Canada's tax
:05:13. > :05:18.agency has seen it online security, right because of the Heartbleed
:05:19. > :05:21.cyber bug. It said 900 people had their private information, might
:05:22. > :05:22.after hackers exploit it said 900 people had their private
:05:23. > :05:26.information, might after hackers exploited online vulnerabilities due
:05:27. > :05:28.to the bug. British parenting website, Mumsnet, also said they
:05:29. > :05:33.were hacked recently due to this bug. It wasn't too long ago that
:05:34. > :05:40.Asia's best and brightest business students lived about seeds for
:05:41. > :05:45.top`notch education. A council which administers the entrance exams says
:05:46. > :05:50.that is changing. More students are collecting to stay in their home
:05:51. > :05:56.country for their studies. We look to Singapore to ask if that is the
:05:57. > :06:02.case. We have advantages when we go to other places. Imagine in the UK,
:06:03. > :06:08.who can speak Chinese? Not many. If we go there, we have the best of
:06:09. > :06:13.both worlds and will do pretty well. I would prefer to stay in Singapore
:06:14. > :06:18.because I want to do accountancy and Institute here is considered one of
:06:19. > :06:26.the world. Why would I go overseas? We lack I will stay in Singapore. I
:06:27. > :06:31.am used to the lifestyle here. Google president and CEO of tee also
:06:32. > :06:37.told me why the region 's universities are becoming more
:06:38. > :06:39.competitive. Two things. One is you are finding more high`quality
:06:40. > :06:47.management education institutions in Asia. In the 2000, there were zero
:06:48. > :06:51.Asian schools in the Financial Times list of the top 40 schools in the
:06:52. > :06:55.world. Last year there were eight. Those eight are not just in one
:06:56. > :07:04.location, they are right across the region. The top business schools in
:07:05. > :07:10.Europe and the US and now setting up campuses here in Asia? exactly. You
:07:11. > :07:15.have the option to go to Asian business calls as well as the Asian
:07:16. > :07:20.campuses of the great European and US business schools. The supply is
:07:21. > :07:25.there, if you will, to match the demand which has been around for a
:07:26. > :07:29.long time. Asian candidates want quality business education and now
:07:30. > :07:32.they can get it within the region. There is secular demand for more and
:07:33. > :07:41.more high`quality management education.
:07:42. > :07:46.Imagine being given free rein in the blank cheque to design and build a
:07:47. > :07:52.world`class film studio. That was a job given to a veteran of the film
:07:53. > :07:56.industry in Australia with a career spanning four decades. As part of
:07:57. > :08:04.our series profiling ages coolest jobs, our correspondent caught up
:08:05. > :08:07.with him. If your ambition is to get into the
:08:08. > :08:12.film industry and you have the ability to think big, this could be
:08:13. > :08:16.the job for you. This man designed and developed with complex and his
:08:17. > :08:22.job is to bring in filmmakers from around the world. Welcome to the
:08:23. > :08:26.studios. He was headhunted by the Malaysian government to turn the
:08:27. > :08:32.little`known city into a beast for international film and television
:08:33. > :08:36.productions. Blink and you could think you are in Hollywood. That's
:08:37. > :08:39.because he spent ten years there before moving to Malaysia. He
:08:40. > :08:43.started out in television in Australia, 40 years ago before
:08:44. > :08:46.working in production companies in ten countries. Take us through the
:08:47. > :08:52.process of what happened when you first came here and it was all
:08:53. > :08:56.jungle and now, we have all of these films that. What we did the early
:08:57. > :09:01.days while it was still jungle, we did all the designing and got all
:09:02. > :09:04.the right first. Then, we went into construction. We spent months and
:09:05. > :09:11.months. We cleared and moved something like a cubic feet of
:09:12. > :09:15.earth. His job is not about glitz and glamour. It is about hiring and
:09:16. > :09:20.managing all the staff needed to support filmmakers and their huge
:09:21. > :09:24.cruise. If he is not here working behind the scenes, he is travelling
:09:25. > :09:33.the world drumming up new business. So this is a unique opportunity, you
:09:34. > :09:36.think your job is called? Her it is very cool. Not many people get to do
:09:37. > :09:42.this and then build an industry as well. There must be some calendars
:09:43. > :09:46.working in Malaysia is. The challenges are that this is unique.
:09:47. > :09:51.The fact that Malaysia has an industry and does local films. They
:09:52. > :09:58.have never got into international production in a big way. He is now
:09:59. > :10:01.overseeing the final stage of construction, he and his team have
:10:02. > :10:05.come a long way since the project started four years ago. There have
:10:06. > :10:11.been some low points. When he had many a burning questions. How do I
:10:12. > :10:15.bring the infrastructure required? How do I bring the labour that is
:10:16. > :10:20.required to service this operation and service the production that will
:10:21. > :10:23.come to the operation. His ads are? Set up a training college to support
:10:24. > :10:28.the industry for years to come. It is a plan that may well pave the way
:10:29. > :10:36.for local talent to one day take over. Thank you for investing your
:10:37. > :10:43.time with us. Sport today is up next.