18/04/2014

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:00:00. > :00:00.incidents have delayed several hours of those travelling to France. Time

:00:00. > :00:19.for Asia Business Report. The head of China resources, one of

:00:20. > :00:26.the largest companies, is under investigation for corruption.

:00:27. > :00:31.Cambodia strayed Unions call for thousands of government workers to

:00:32. > :00:40.go on strike for higher wages `` Cambodia 's trade unions. `` Garment

:00:41. > :00:43.workers. The head of one of China's largest companies is under

:00:44. > :00:51.investigation by the Communist Party's corruption watchdog. The

:00:52. > :00:54.chairman of the state`owned China resources company, which has 400,000

:00:55. > :01:04.employees and revenues of more than $50 billion. I spoke to our Hong

:01:05. > :01:10.Kong correspondent who said he has faced allegations before. This is

:01:11. > :01:13.one of the world 's biggest companies, founded here in Hong

:01:14. > :01:16.Kong. Enormous diversity in its business interests, from property to

:01:17. > :01:22.energy to retail. Also, pharmaceuticals. The company has

:01:23. > :01:27.made headlines before. We reported on this programme in August, when a

:01:28. > :01:35.group of minority shareholders in China resources power, one of the

:01:36. > :01:42.list `` listed companies initiated a court case including the CEO of

:01:43. > :01:48.misconduct and of grossly overpaying for a binding deal back in 2010, a

:01:49. > :01:52.deal worth one point billion dollars. Investors said the assets

:01:53. > :01:59.they purchased were not worth so much money. They said the taxpayer

:02:00. > :02:03.money was wasted in the transaction. The case is still working its way

:02:04. > :02:11.through Hong Kong's court system. That case came to light after two

:02:12. > :02:15.different journalists in China, including one working for the

:02:16. > :02:21.Chinois newsagency, blew the whistle on the company, accusing it of

:02:22. > :02:27.corruption. What do we know about the CEO. Is this a sign that no one

:02:28. > :02:30.is immune? Especially, state`owned companies, from corruption

:02:31. > :02:36.investigations? It doesn't get bigger than this. He is aged 51 and

:02:37. > :02:44.has spent his entire career with China Resources. He holds a range

:02:45. > :02:48.that is equivalent to vice minister. According to the South China Morning

:02:49. > :02:55.Post, he has been detained already in the city of Shenzhen and has

:02:56. > :02:59.denied all wrongdoing. This case is being seen, certainly, as an

:03:00. > :03:06.extension of the new administration 's anticorruption crackdown. Trade

:03:07. > :03:10.unions in Cambodia are hoping as many as half the country 's 600,000

:03:11. > :03:16.Garment workers won't be showing up to work starting from today. They

:03:17. > :03:19.have called for a nationwide strike and demand higher wages and the

:03:20. > :03:25.release of 21 protesters who were imprisoned in the last round of

:03:26. > :03:26.strikes in January. The picture has become muddled because the

:03:27. > :03:32.organisation representing factory owners claims that many have had

:03:33. > :03:42.extra time off due to the New Year. The majority of workers stay at home

:03:43. > :03:46.and enjoy don't strike, that will show us we need to negotiate because

:03:47. > :03:51.of the will of the majority. The situation we have predicted is that

:03:52. > :03:55.the majority of workers are willing at happy to come to work and the

:03:56. > :04:02.minority that continues to make demands, we will then respect the

:04:03. > :04:10.wishes of the majority. Earlier, I spoke to: Main, asking whether the

:04:11. > :04:18.strike was having success `` Colin Maine. It is difficult to say

:04:19. > :04:26.whether workers are following the strike or whether they are enjoying

:04:27. > :04:30.a few days of holidays. It is difficult to say how successful the

:04:31. > :04:37.strikes have been. Higher wages, releasing more than 20 protesters,

:04:38. > :04:41.how willing I workers to press their case moving forward? During the last

:04:42. > :04:49.round of strikes in December and January, they were stopped by

:04:50. > :04:55.government forces, military police shot dead five protesters who were

:04:56. > :05:02.throwing Molotov cocktails. That has had a chilling effect on workers.

:05:03. > :05:06.They are less likely to come out than they were a few months ago. How

:05:07. > :05:14.strong are the trade unions? How organised are they in Cambodia? It

:05:15. > :05:17.is a fractured labour movement. Eight unions are leading this

:05:18. > :05:19.strike, but there are hundreds in the country. These eight unions

:05:20. > :05:25.claim to represent half the workforce. Bad, the garment

:05:26. > :05:30.manufacturing association claimed they represent a small minority. ``

:05:31. > :05:36.but. This is supposed to be a litmus test as to how strong the

:05:37. > :05:45.independent labour movement is. In other news, Weibo saw its shares

:05:46. > :05:50.surging by 20% in its trading debut in the US. There were worries the

:05:51. > :05:56.performance would be affected a recent rout in tech stocks. The

:05:57. > :06:03.company is being closely watched as a gauge of investor sentiment ahead

:06:04. > :06:11.of the e`commerce giant Alibab's share offering in America. Travel

:06:12. > :06:17.city also jumping in its trading debut, gaining 7% on the NASDAQ,

:06:18. > :06:24.after they raised $600 million during its IPO period. One of

:06:25. > :06:28.America's biggest high`speed trading companies has postponed its plans to

:06:29. > :06:33.go public according to the Wall Street journal, which comes after

:06:34. > :06:41.scrutiny was heightened on high scrutiny trading practices. They

:06:42. > :06:44.were looking to raise $250 million from the initial public offering. In

:06:45. > :06:47.US earnings, Goldman Sachs and Morgan Stanley have posted better

:06:48. > :06:52.than expected earnings. Both saw profits lifted high investment

:06:53. > :07:00.management, merger and stock divisions. Shares both gained on the

:07:01. > :07:05.news. With 100 million Facebook users and over 30 million Twitter

:07:06. > :07:12.accounts, this is India's first digital election. Something that

:07:13. > :07:17.political parties have taken note of, with almost all the major

:07:18. > :07:20.players putting a chunk of their campaign budget toward social media

:07:21. > :07:26.spending and other technologies. Of the traditional campaign rallies on

:07:27. > :07:30.the wane? Just over 15% of India's 1.2 billion

:07:31. > :07:37.people are online, but that is a considerable number of voters. Young

:07:38. > :07:42.voters especially, who influence their families decisions. With an

:07:43. > :07:44.election as big and diverse as India's election, the margins are

:07:45. > :07:48.very small and many believe this time social media could possibly

:07:49. > :07:53.deliver the winning margin. Getting the message across means of setting

:07:54. > :08:00.up operations like this, the digital war room of the opposition party.

:08:01. > :08:03.They are using an army of volunteers, mainly young

:08:04. > :08:10.professionals who have taken time off from their jobs. They blog,

:08:11. > :08:12.monitor social media and perhaps, most importantly, decide the

:08:13. > :08:18.strategy for what message the party needs to send. In the online space,

:08:19. > :08:25.we believe we have a good campaign. An example of this, when Mahendra

:08:26. > :08:29.Modi speaks on the ground, the same message is amplified on social

:08:30. > :08:37.media. The same rally is web cast of live. White a smaller campaign is

:08:38. > :08:41.run by the recently formed armada party while spending a lot less

:08:42. > :08:48.money. They have managed to make most of the messages vinyl over

:08:49. > :08:54.social media. They use `` messages over social media. They have their

:08:55. > :09:00.work cut out for them. Information changes in seconds. When it comes to

:09:01. > :09:08.spreading misinformation, other parties are good. We have to keep

:09:09. > :09:11.our eyes and ears open every milli second to know what is coming in,

:09:12. > :09:17.what is going out and, what we expect other parties to say and how

:09:18. > :09:24.to counter that. How effective is this? The BBC decided to find out.

:09:25. > :09:28.Looking at the data for a month, we analysed how various parties

:09:29. > :09:32.performed online. BJP and Narendra Modi were leading with over 1

:09:33. > :09:39.million mentions on Twitter. The anticorruption party, AAT and their

:09:40. > :09:43.leader got over 600,000 tweets. The ruling Congress Party and Rahul

:09:44. > :09:52.Ghandi registered just under half a million tweets. You tube insures

:09:53. > :09:56.every word continues... It is accepted the reach of social media

:09:57. > :10:02.remains limited and that the views expressed their only reflect a

:10:03. > :10:05.section of largely urban voters. That means no Indian politician is

:10:06. > :10:08.downgrading the value of mass rallies just yet. Increasing the

:10:09. > :10:19.digital presence is something we will see more of.

:10:20. > :10:24.You can get more of that story by watching India business report this

:10:25. > :10:27.coming weekend. Be sure to log onto our website@BBC.com and click on the

:10:28. > :10:39.business section for all the latest news. You have been watching Asia

:10:40. > :10:44.Business Report. Goodbye for now. The main news stories this our

:10:45. > :10:46.column ``