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ones, They have been named by the Ministry of Defence, who say the | :00:00. | :00:00. | |
crash appears to have been a "tragic accident." Now on BBC News all the | :00:00. | :00:00. | |
latest business news live from Singapore. | :00:00. | :00:17. | |
President Obama continues his push for a key trade pact with Malaysia. | :00:18. | :00:27. | |
And we will look at how the currency 's welfare after a week of falls. | :00:28. | :00:40. | |
Welcome to this Monday edition. A security and economic ties will | :00:41. | :00:43. | |
dominate Barack Obama's visit to the Philippines after a final stop on a | :00:44. | :00:47. | |
week`long tour of four Asian countries. He will arrive in | :00:48. | :01:01. | |
Malaysia mackerel `` in Malaysia story. It looks like an uphill | :01:02. | :01:07. | |
battle to get Malaysia to sign up, after the Prime Minister said there | :01:08. | :01:11. | |
was still issues to iron out, including domestic worries, that | :01:12. | :01:14. | |
would lead to higher prices of food and medicines. Concerns shared by | :01:15. | :01:19. | |
these protesters. We reject and protest the US agenda of wanting the | :01:20. | :01:28. | |
militia to agree on regulation, that we affect directly. Millions of | :01:29. | :01:33. | |
lives of the Malaysia people. It is nonsense. We should decide it | :01:34. | :01:41. | |
ourselves, our economic stability. Not the West. A big power country | :01:42. | :01:49. | |
can have an influence on the small economy. It is not fair. It is quite | :01:50. | :01:54. | |
a different story in the Philippines, which is yet to join | :01:55. | :01:57. | |
the TPP negotiations. Trade will still be high on President Obama's | :01:58. | :02:01. | |
agenda. What can we expect from his next stop in the Philippines? That | :02:02. | :02:08. | |
is a question I discussed from the financial Philippines. It is a key | :02:09. | :02:16. | |
discussion point in this visit. One of them, of course, political and | :02:17. | :02:21. | |
security, for obvious reasons. Another not so obvious one is the | :02:22. | :02:24. | |
traditional security, which is for disaster relief. And humanitarian | :02:25. | :02:32. | |
aid during natural disasters. The second one announced was expansion | :02:33. | :02:37. | |
of trade and investment. Those close to the Philippines, the US comprises | :02:38. | :02:47. | |
20% in total. We are the lowest, not even 1%. Do you think concerns that | :02:48. | :02:53. | |
the Philippines now have with China, there is political disputes, could | :02:54. | :02:56. | |
that affect investment going into the Philippines? We have done a risk | :02:57. | :03:01. | |
assessment of what this means, and so far, it has not changed our view. | :03:02. | :03:05. | |
The Philippines will continue to be an attractive investment | :03:06. | :03:12. | |
destinations. The tensions have been from China, surely investment from | :03:13. | :03:18. | |
China has been impacted? `` destination. We have seen some | :03:19. | :03:21. | |
outward displacement from China, whenever they have been displaced, | :03:22. | :03:27. | |
there is some rivalry. We have to keep alert and watch out for | :03:28. | :03:33. | |
whatever happens. Japan has posted the biggest hike in retail sales in | :03:34. | :03:38. | |
17 years, the government data from March says consumers went on a big | :03:39. | :03:45. | |
shopping spree before taxes rose in April. They stocked up in toiletries | :03:46. | :03:50. | |
and clothes and electricals to avoid paying higher tax rates in the first | :03:51. | :03:53. | |
tax hike in nearly two decades. China's second`largest bank has in | :03:54. | :03:59. | |
macro cull has reported a 10% increase in its quarter. The rise in | :04:00. | :04:07. | |
profits has been put down to higher income from interest and bank fees. | :04:08. | :04:11. | |
After nearly two weeks of protests, most of the workers who staged one | :04:12. | :04:14. | |
of China's biggest strikes are expected back on the job today. More | :04:15. | :04:19. | |
than two thirds of them returned to the factory on Friday. After the | :04:20. | :04:32. | |
company owned by UAUN. Listen to some of their demands. Some | :04:33. | :04:35. | |
currencies will rebound after falls last week. Most of them slid between | :04:36. | :04:44. | |
one and 0.5%. Indonesia led the pack, they went to a seven week | :04:45. | :04:49. | |
low. Chinese fell 205%, the lowest in 16 months. Ben Collett, explains | :04:50. | :04:58. | |
what is going to happen in the week ahead `` 2.5%. It has stopped, I | :04:59. | :05:06. | |
think it balances lightly, we would not be participating in that. Again, | :05:07. | :05:12. | |
we are very concerned about markets globally. Equity specifically, and | :05:13. | :05:18. | |
because of that, our current attitude is not to buy anything that | :05:19. | :05:26. | |
has seen an increase in volatility, but they will likely bounce. It will | :05:27. | :05:33. | |
rectify, but I would rather be selling into those, the R is | :05:34. | :05:45. | |
slightly different, I do not foresee a balance or turn coming any time | :05:46. | :05:53. | |
soon. Ben Collet speaking earlier. The Chinese tech giant is one of the | :05:54. | :05:56. | |
world 's largest computer makers, that is not all it wants to be known | :05:57. | :06:02. | |
for. It is spending its future on smart phones, and plans to go | :06:03. | :06:07. | |
forward in business. It is scheduled to talk to investors in Singapore | :06:08. | :06:10. | |
today about the planned dollar bond sale as it tries to raise funds in | :06:11. | :06:14. | |
Asia for future acquisitions. Andrew Milroy explains what is behind this. | :06:15. | :06:22. | |
They are struggling to get out of the existing Chinese market, and the | :06:23. | :06:27. | |
PC market, that has been to acquire other technology companies, in | :06:28. | :06:32. | |
related markets, such as the tablet and mobile markets, but also these | :06:33. | :06:36. | |
companies allow them to move outside of China and get a strong position | :06:37. | :06:40. | |
in other geographies around the world. That seems to be their | :06:41. | :06:47. | |
strategy, pretty much going forward, will it continue to work for them, | :06:48. | :06:52. | |
that strategy, buying up a slightly declining technology firm? `` other | :06:53. | :06:59. | |
technologies. There are these low margins, and they can make them more | :07:00. | :07:03. | |
profitable by shifting operations to China, and then re` exports to these | :07:04. | :07:09. | |
developed markets, where IBM had a presence with products like the | :07:10. | :07:13. | |
ThinkPad, for example, on the PC market. What about mobile phones? | :07:14. | :07:17. | |
They are waiting for approval to buy motorail ability, a big announcement | :07:18. | :07:24. | |
made earlier this year. `` Motorola's mobility. They will have | :07:25. | :07:28. | |
to take on the iPhone and some sun? The thing about the smart phone | :07:29. | :07:33. | |
market is that it is mature in the rich and markets of the world | :07:34. | :07:43. | |
``Samsung. BlackBerry are still very strong, and in Indonesia, there is a | :07:44. | :07:48. | |
huge opportunity like them, they can offer a product with similar | :07:49. | :07:55. | |
function to them at a lower price. How can they do that? There's the | :07:56. | :08:00. | |
question of innovation. The strategy seems all about acquiring other | :08:01. | :08:03. | |
businesses, are they coming up with their own ideas quitting mark they | :08:04. | :08:11. | |
are getting patents. You cannot say that there is no innovation that is | :08:12. | :08:16. | |
going on there. They have come out with some interesting designs in the | :08:17. | :08:19. | |
PC market, there is no reason why they cannot do more of this in the | :08:20. | :08:29. | |
tablet or mobile markets. In India, they are in the grip of one of the | :08:30. | :08:33. | |
biggest elections. There is still demand for books, but they are | :08:34. | :08:37. | |
losing out to the cheaper pirates of literature. | :08:38. | :08:39. | |
The moment you walk into a bookstore like this, there is no doubt in your | :08:40. | :08:43. | |
mind that there is an election on, the whole country is gripped by | :08:44. | :08:50. | |
politics. Cities like Mumbai have a higher rate of literacy, and that is | :08:51. | :08:55. | |
the reason why the publishing world has gone into overdrive. Inevitably, | :08:56. | :09:02. | |
one man written a lot about is this man, a front`runner in the election | :09:03. | :09:08. | |
race. 15 books have been published about him so far this year, half of | :09:09. | :09:13. | |
them had hit the shelves in the last couple of months. This is the book | :09:14. | :09:19. | |
in huge demand, it analyses outgoing Prime Minister `` the outgoing Prime | :09:20. | :09:23. | |
Minister, and claims and revelations have been made in the book, which | :09:24. | :09:28. | |
have created a stir in the political world. It means publishing gold. The | :09:29. | :09:31. | |
book was out of stock within a couple of days of release, which | :09:32. | :09:37. | |
prompted the need for more prints. The book is kept outside of this | :09:38. | :09:41. | |
place, there are so many political books in the market, but is that the | :09:42. | :09:47. | |
demand? This particular election has a huge buildup. There is a lot more | :09:48. | :09:53. | |
awareness, and it translates into the need for more information. | :09:54. | :09:57. | |
People pick up books in the election. Like most of the books | :09:58. | :10:01. | |
that we looked at, many books are in English, but they are also published | :10:02. | :10:06. | |
in other dialects like Hindi. You can find them on the pavement or in | :10:07. | :10:14. | |
shops. These books are sold at a lower price, because they are | :10:15. | :10:20. | |
pirated. The publishing industry has taken a big hit because of them. | :10:21. | :10:24. | |
But, the market has been growing at a rapid pace. Many publishing houses | :10:25. | :10:28. | |
have set up offices here in the last few years. That is it for this | :10:29. | :10:33. | |
edition of Asia Business Report. Thank you for watching. | :10:34. | :10:44. | |
You are watching BBC News. The top stories this | :10:45. | :10:45. |