Browse content similar to 18/04/2014. Check below for episodes and series from the same categories and more!
Line | From | To | |
---|---|---|---|
incidents have delayed several hours of those travelling to France. Time | :00:00. | :00:00. | |
for Asia Business Report. The head of China resources, one of | :00:00. | :00:19. | |
the largest companies, is under investigation for corruption. | :00:20. | :00:26. | |
Cambodia strayed Unions call for thousands of government workers to | :00:27. | :00:31. | |
go on strike for higher wages `` Cambodia 's trade unions. `` Garment | :00:32. | :00:40. | |
workers. The head of one of China's largest companies is under | :00:41. | :00:43. | |
investigation by the Communist Party's corruption watchdog. The | :00:44. | :00:51. | |
chairman of the state`owned China resources company, which has 400,000 | :00:52. | :00:54. | |
employees and revenues of more than $50 billion. I spoke to our Hong | :00:55. | :01:04. | |
Kong correspondent who said he has faced allegations before. This is | :01:05. | :01:10. | |
one of the world 's biggest companies, founded here in Hong | :01:11. | :01:13. | |
Kong. Enormous diversity in its business interests, from property to | :01:14. | :01:16. | |
energy to retail. Also, pharmaceuticals. The company has | :01:17. | :01:22. | |
made headlines before. We reported on this programme in August, when a | :01:23. | :01:27. | |
group of minority shareholders in China resources power, one of the | :01:28. | :01:35. | |
list `` listed companies initiated a court case including the CEO of | :01:36. | :01:42. | |
misconduct and of grossly overpaying for a binding deal back in 2010, a | :01:43. | :01:48. | |
deal worth one point billion dollars. Investors said the assets | :01:49. | :01:52. | |
they purchased were not worth so much money. They said the taxpayer | :01:53. | :01:59. | |
money was wasted in the transaction. The case is still working its way | :02:00. | :02:03. | |
through Hong Kong's court system. That case came to light after two | :02:04. | :02:11. | |
different journalists in China, including one working for the | :02:12. | :02:15. | |
Chinois newsagency, blew the whistle on the company, accusing it of | :02:16. | :02:21. | |
corruption. What do we know about the CEO. Is this a sign that no one | :02:22. | :02:27. | |
is immune? Especially, state`owned companies, from corruption | :02:28. | :02:30. | |
investigations? It doesn't get bigger than this. He is aged 51 and | :02:31. | :02:36. | |
has spent his entire career with China Resources. He holds a range | :02:37. | :02:44. | |
that is equivalent to vice minister. According to the South China Morning | :02:45. | :02:48. | |
Post, he has been detained already in the city of Shenzhen and has | :02:49. | :02:55. | |
denied all wrongdoing. This case is being seen, certainly, as an | :02:56. | :02:59. | |
extension of the new administration 's anticorruption crackdown. Trade | :03:00. | :03:06. | |
unions in Cambodia are hoping as many as half the country 's 600,000 | :03:07. | :03:10. | |
Garment workers won't be showing up to work starting from today. They | :03:11. | :03:16. | |
have called for a nationwide strike and demand higher wages and the | :03:17. | :03:19. | |
release of 21 protesters who were imprisoned in the last round of | :03:20. | :03:25. | |
strikes in January. The picture has become muddled because the | :03:26. | :03:26. | |
organisation representing factory owners claims that many have had | :03:27. | :03:32. | |
extra time off due to the New Year. The majority of workers stay at home | :03:33. | :03:42. | |
and enjoy don't strike, that will show us we need to negotiate because | :03:43. | :03:46. | |
of the will of the majority. The situation we have predicted is that | :03:47. | :03:51. | |
the majority of workers are willing at happy to come to work and the | :03:52. | :03:55. | |
minority that continues to make demands, we will then respect the | :03:56. | :04:02. | |
wishes of the majority. Earlier, I spoke to: Main, asking whether the | :04:03. | :04:10. | |
strike was having success `` Colin Maine. It is difficult to say | :04:11. | :04:18. | |
whether workers are following the strike or whether they are enjoying | :04:19. | :04:26. | |
a few days of holidays. It is difficult to say how successful the | :04:27. | :04:30. | |
strikes have been. Higher wages, releasing more than 20 protesters, | :04:31. | :04:37. | |
how willing I workers to press their case moving forward? During the last | :04:38. | :04:41. | |
round of strikes in December and January, they were stopped by | :04:42. | :04:49. | |
government forces, military police shot dead five protesters who were | :04:50. | :04:55. | |
throwing Molotov cocktails. That has had a chilling effect on workers. | :04:56. | :05:02. | |
They are less likely to come out than they were a few months ago. How | :05:03. | :05:06. | |
strong are the trade unions? How organised are they in Cambodia? It | :05:07. | :05:14. | |
is a fractured labour movement. Eight unions are leading this | :05:15. | :05:17. | |
strike, but there are hundreds in the country. These eight unions | :05:18. | :05:19. | |
claim to represent half the workforce. Bad, the garment | :05:20. | :05:25. | |
manufacturing association claimed they represent a small minority. `` | :05:26. | :05:30. | |
but. This is supposed to be a litmus test as to how strong the | :05:31. | :05:36. | |
independent labour movement is. In other news, Weibo saw its shares | :05:37. | :05:45. | |
surging by 20% in its trading debut in the US. There were worries the | :05:46. | :05:50. | |
performance would be affected a recent rout in tech stocks. The | :05:51. | :05:56. | |
company is being closely watched as a gauge of investor sentiment ahead | :05:57. | :06:03. | |
of the e`commerce giant Alibab's share offering in America. Travel | :06:04. | :06:11. | |
city also jumping in its trading debut, gaining 7% on the NASDAQ, | :06:12. | :06:17. | |
after they raised $600 million during its IPO period. One of | :06:18. | :06:24. | |
America's biggest high`speed trading companies has postponed its plans to | :06:25. | :06:28. | |
go public according to the Wall Street journal, which comes after | :06:29. | :06:33. | |
scrutiny was heightened on high scrutiny trading practices. They | :06:34. | :06:41. | |
were looking to raise $250 million from the initial public offering. In | :06:42. | :06:44. | |
US earnings, Goldman Sachs and Morgan Stanley have posted better | :06:45. | :06:47. | |
than expected earnings. Both saw profits lifted high investment | :06:48. | :06:52. | |
management, merger and stock divisions. Shares both gained on the | :06:53. | :07:00. | |
news. With 100 million Facebook users and over 30 million Twitter | :07:01. | :07:05. | |
accounts, this is India's first digital election. Something that | :07:06. | :07:12. | |
political parties have taken note of, with almost all the major | :07:13. | :07:17. | |
players putting a chunk of their campaign budget toward social media | :07:18. | :07:20. | |
spending and other technologies. Of the traditional campaign rallies on | :07:21. | :07:26. | |
the wane? Just over 15% of India's 1.2 billion | :07:27. | :07:30. | |
people are online, but that is a considerable number of voters. Young | :07:31. | :07:37. | |
voters especially, who influence their families decisions. With an | :07:38. | :07:42. | |
election as big and diverse as India's election, the margins are | :07:43. | :07:44. | |
very small and many believe this time social media could possibly | :07:45. | :07:48. | |
deliver the winning margin. Getting the message across means of setting | :07:49. | :07:53. | |
up operations like this, the digital war room of the opposition party. | :07:54. | :08:00. | |
They are using an army of volunteers, mainly young | :08:01. | :08:03. | |
professionals who have taken time off from their jobs. They blog, | :08:04. | :08:10. | |
monitor social media and perhaps, most importantly, decide the | :08:11. | :08:12. | |
strategy for what message the party needs to send. In the online space, | :08:13. | :08:18. | |
we believe we have a good campaign. An example of this, when Mahendra | :08:19. | :08:25. | |
Modi speaks on the ground, the same message is amplified on social | :08:26. | :08:29. | |
media. The same rally is web cast of live. White a smaller campaign is | :08:30. | :08:37. | |
run by the recently formed armada party while spending a lot less | :08:38. | :08:41. | |
money. They have managed to make most of the messages vinyl over | :08:42. | :08:48. | |
social media. They use `` messages over social media. They have their | :08:49. | :08:54. | |
work cut out for them. Information changes in seconds. When it comes to | :08:55. | :09:00. | |
spreading misinformation, other parties are good. We have to keep | :09:01. | :09:08. | |
our eyes and ears open every milli second to know what is coming in, | :09:09. | :09:11. | |
what is going out and, what we expect other parties to say and how | :09:12. | :09:17. | |
to counter that. How effective is this? The BBC decided to find out. | :09:18. | :09:24. | |
Looking at the data for a month, we analysed how various parties | :09:25. | :09:28. | |
performed online. BJP and Narendra Modi were leading with over 1 | :09:29. | :09:32. | |
million mentions on Twitter. The anticorruption party, AAT and their | :09:33. | :09:39. | |
leader got over 600,000 tweets. The ruling Congress Party and Rahul | :09:40. | :09:43. | |
Ghandi registered just under half a million tweets. You tube insures | :09:44. | :09:52. | |
every word continues... It is accepted the reach of social media | :09:53. | :09:56. | |
remains limited and that the views expressed their only reflect a | :09:57. | :10:02. | |
section of largely urban voters. That means no Indian politician is | :10:03. | :10:05. | |
downgrading the value of mass rallies just yet. Increasing the | :10:06. | :10:08. | |
digital presence is something we will see more of. | :10:09. | :10:19. | |
You can get more of that story by watching India business report this | :10:20. | :10:24. | |
coming weekend. Be sure to log onto our [email protected] and click on the | :10:25. | :10:27. | |
business section for all the latest news. You have been watching Asia | :10:28. | :10:39. | |
Business Report. Goodbye for now. The main news stories this our | :10:40. | :10:44. | |
column `` | :10:45. | :10:46. |