28/04/2014 Asia Business Report


28/04/2014

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ones, They have been named by the Ministry of Defence, who say the

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crash appears to have been a "tragic accident." Now on BBC News all the

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latest business news live from Singapore.

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President Obama continues his push for a key trade pact with Malaysia.

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And we will look at how the currency 's welfare after a week of falls.

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Welcome to this Monday edition. A security and economic ties will

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dominate Barack Obama's visit to the Philippines after a final stop on a

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week`long tour of four Asian countries. He will arrive in

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Malaysia mackerel `` in Malaysia story. It looks like an uphill

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battle to get Malaysia to sign up, after the Prime Minister said there

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was still issues to iron out, including domestic worries, that

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would lead to higher prices of food and medicines. Concerns shared by

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these protesters. We reject and protest the US agenda of wanting the

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militia to agree on regulation, that we affect directly. Millions of

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lives of the Malaysia people. It is nonsense. We should decide it

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ourselves, our economic stability. Not the West. A big power country

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can have an influence on the small economy. It is not fair. It is quite

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a different story in the Philippines, which is yet to join

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the TPP negotiations. Trade will still be high on President Obama's

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agenda. What can we expect from his next stop in the Philippines? That

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is a question I discussed from the financial Philippines. It is a key

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discussion point in this visit. One of them, of course, political and

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security, for obvious reasons. Another not so obvious one is the

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traditional security, which is for disaster relief. And humanitarian

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aid during natural disasters. The second one announced was expansion

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of trade and investment. Those close to the Philippines, the US comprises

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20% in total. We are the lowest, not even 1%. Do you think concerns that

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the Philippines now have with China, there is political disputes, could

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that affect investment going into the Philippines? We have done a risk

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assessment of what this means, and so far, it has not changed our view.

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The Philippines will continue to be an attractive investment

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destinations. The tensions have been from China, surely investment from

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China has been impacted? `` destination. We have seen some

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outward displacement from China, whenever they have been displaced,

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there is some rivalry. We have to keep alert and watch out for

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whatever happens. Japan has posted the biggest hike in retail sales in

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17 years, the government data from March says consumers went on a big

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shopping spree before taxes rose in April. They stocked up in toiletries

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and clothes and electricals to avoid paying higher tax rates in the first

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tax hike in nearly two decades. China's second`largest bank has in

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macro cull has reported a 10% increase in its quarter. The rise in

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profits has been put down to higher income from interest and bank fees.

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After nearly two weeks of protests, most of the workers who staged one

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of China's biggest strikes are expected back on the job today. More

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than two thirds of them returned to the factory on Friday. After the

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company owned by UAUN. Listen to some of their demands. Some

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currencies will rebound after falls last week. Most of them slid between

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one and 0.5%. Indonesia led the pack, they went to a seven week

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low. Chinese fell 205%, the lowest in 16 months. Ben Collett, explains

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what is going to happen in the week ahead `` 2.5%. It has stopped, I

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think it balances lightly, we would not be participating in that. Again,

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we are very concerned about markets globally. Equity specifically, and

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because of that, our current attitude is not to buy anything that

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has seen an increase in volatility, but they will likely bounce. It will

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rectify, but I would rather be selling into those, the R is

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slightly different, I do not foresee a balance or turn coming any time

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soon. Ben Collet speaking earlier. The Chinese tech giant is one of the

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world 's largest computer makers, that is not all it wants to be known

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for. It is spending its future on smart phones, and plans to go

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forward in business. It is scheduled to talk to investors in Singapore

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today about the planned dollar bond sale as it tries to raise funds in

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Asia for future acquisitions. Andrew Milroy explains what is behind this.

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They are struggling to get out of the existing Chinese market, and the

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PC market, that has been to acquire other technology companies, in

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related markets, such as the tablet and mobile markets, but also these

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companies allow them to move outside of China and get a strong position

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in other geographies around the world. That seems to be their

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strategy, pretty much going forward, will it continue to work for them,

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that strategy, buying up a slightly declining technology firm? `` other

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technologies. There are these low margins, and they can make them more

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profitable by shifting operations to China, and then re` exports to these

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developed markets, where IBM had a presence with products like the

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ThinkPad, for example, on the PC market. What about mobile phones?

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They are waiting for approval to buy motorail ability, a big announcement

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made earlier this year. `` Motorola's mobility. They will have

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to take on the iPhone and some sun? The thing about the smart phone

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market is that it is mature in the rich and markets of the world

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``Samsung. BlackBerry are still very strong, and in Indonesia, there is a

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huge opportunity like them, they can offer a product with similar

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function to them at a lower price. How can they do that? There's the

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question of innovation. The strategy seems all about acquiring other

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businesses, are they coming up with their own ideas quitting mark they

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are getting patents. You cannot say that there is no innovation that is

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going on there. They have come out with some interesting designs in the

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PC market, there is no reason why they cannot do more of this in the

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tablet or mobile markets. In India, they are in the grip of one of the

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biggest elections. There is still demand for books, but they are

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losing out to the cheaper pirates of literature.

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The moment you walk into a bookstore like this, there is no doubt in your

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mind that there is an election on, the whole country is gripped by

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politics. Cities like Mumbai have a higher rate of literacy, and that is

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the reason why the publishing world has gone into overdrive. Inevitably,

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one man written a lot about is this man, a front`runner in the election

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race. 15 books have been published about him so far this year, half of

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them had hit the shelves in the last couple of months. This is the book

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in huge demand, it analyses outgoing Prime Minister `` the outgoing Prime

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Minister, and claims and revelations have been made in the book, which

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have created a stir in the political world. It means publishing gold. The

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book was out of stock within a couple of days of release, which

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prompted the need for more prints. The book is kept outside of this

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place, there are so many political books in the market, but is that the

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demand? This particular election has a huge buildup. There is a lot more

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awareness, and it translates into the need for more information.

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People pick up books in the election. Like most of the books

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that we looked at, many books are in English, but they are also published

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in other dialects like Hindi. You can find them on the pavement or in

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shops. These books are sold at a lower price, because they are

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pirated. The publishing industry has taken a big hit because of them.

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But, the market has been growing at a rapid pace. Many publishing houses

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have set up offices here in the last few years. That is it for this

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edition of Asia Business Report. Thank you for watching.

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