30/04/2014 Asia Business Report

at Corpus Christi Catholic College. Now on BBC News all the latest

business news live from Singapore. Twitter shares plunge as it

struggles to attract new users and excite current ones with new

product. Tropical paradise, a visit to a beach resort in Indonesia. Find

out if this man has one of the coolest jobs. Hello and welcome. We

start with shares of Twitter which have tumbled even after the company

said its revenue more than doubled. The social media site continued to

make money from advertising and raised its outlook for the rest of

the year. It has yet to make a profit. When twitter went public

last November, the bluebird sort and on its first trading day shares were

almost 73%. Not so after it reported its first`quarter earnings when

stocks fell nearly 10%. It reported a net loss of or an hundred. On the

bright side, revenue more than doubled from advertising. To

highlight its reach, big events like the Oscars were pointed to. In the

two days after the Oscars, there were 3.3 billion views of tweets

just about that show. That kind of impact is why we now have

partnerships in 11 countries and it is what has enabled us to build

partnerships and to highlight the movements of the moment. But here is

why do you use Twitter? No I don't. I do not like to look at that kind

of stuff. Do you used which are? No I don't, I am sorry. `` twitter. It

might not be mainstream that it is Bill signing up new users. The pace

however is slowing down, not what investors want to see from a young

Anthony. It is a substantial number. `` company. There are a

number of other comparable applications that seem to be used by

far more people, far more regularly. Like Facebook. When it

was this size, you'd users were still rushing to sign up. Investors

signed up on the expectation of rapid growth so even though the

company said it would make more money than previously forecast, it

was not enough to impress Wall Street. Continuing with that theme,

eBay is repatriating much of its overseas work back to the US. This

will see it paying taxes of $3 billion and the cash would help its

excess funds for any potential acquisitions in the company. It is

widely seen as a way to avoid tax rates overseas. Lawyers for Samsung

have accused them of copying features of the iPod. They have said

that is how the company turned itself into the dominant player in

the smart phone market. It is now involved in a high`stakes patent

trial which could cause billions of dollars in damages. The Japanese by

minister begins a six stop tour of Europe today where he will be

visiting the following entries with the aim of expanding trade ties. It

comes hot on the heels of President Obama's meeting with him in Tokyo.

There is a push for a major trade deal known as the transpacific

partnership but there was little progress. We are speaking to an

economist about this. When advantage is that Europe is still negotiating.

It is more about bilateral thing where it's in the US, it is much

lower and Japanese carmakers are already producing many cars in the

US. How much is the Prime Minister counting on such trade deals? We

have seen his policies to try to boost growth in Japan so how much do

trade deals figure? It is very important. China is not part of it

so Japan has some kind of edge over them. For the things that he wants

to achieve, he is laying the foundations by getting the TPP into

the country and posting imports and exports. Agriculture has to become

more competitive. And at the moment it is not, the Japanese still have

many protective measures in places. It is extremely conservative. They

export of very little agriculture. There is better news for Japan with

government data showing a economic rise coming as the anchor of Japan

meets expectations that is set to keep them steady. A tax hike could

threaten their target of 2%. Preliminary data for the first

quarter shows that domestic consumption has helped to offset

weak exports. If confirmed, the economy of Taiwan could grow by

3.4%. China's against bank has posted 11 points $7 billion of net

profit in the first quarter. It is the last of the big lenders to post

first or the earnings and all of them have reported that her than

expected results despite the fact that shares at the big four banks

have fallen. If you are tired of crunching the numbers then you may

fancy an escape from the office with sand, sun and sea. For one man, this

is where he gets to work a day in and day out. We checked out his

island career. A tropical paradise. A scuba divers secret. People come

here to escape their jobs but this man called at his home office. My

wife and I own this resort and we have four small bungalows. We have a

diving centre and we try to make sure that our guests have a

wonderful time here. We have the most fantastic diving in the world.

They built their resort in 2006 after having dived here on holiday.

He is a certified diving instructor but these days he only does it for

fun. It is definitely the main draw. It is the hidden paradise of

this area. Or is not too much current, it is full of coral and it

is very colourful. So how did he pay for this lifetime of holiday? I had

a good job and so did my wife, here in Indonesia. We saved a lot of

money and I sold everything I had and started this business with my

wife. How were you sure that it was going to work? You can never be sure

but I was living in the Netherlands and I always had this dream of

starting my own company in a nice tropical location. But this dream

location also has its downside. Logistics are not the easiest. We

have to arrange everything ourselves. Air is no electricity and

it takes up to 2.5 hours to reach the closest big city if you want to

go shopping. You had better make sure you get everything in one go.

But you get to live in a place where most people have to pay a fortune to

get to. Do you think you have a cool job? What could be better than this.

``? I live in paradise and enjoyed my time with my daughters and my

dogs. I get time to read with them and teach them to swim. I don't know

anything better than this. His advice to those who want to do what

he is doing is not to be afraid, you may just succeed and have a

wonderful life. Let's take a look at the markets now. The Nikkei is

rising now and the markets are taking their leads from there but

others are lower. That is it for now. Thank you for watching. The

main news stories. A senior member of the International Olympic

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