05/06/2014

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:00:00. > :00:00.linked to a suspected contaminated drip. Babies at other hospitals have

:00:00. > :00:00.fallen ill, but they are said to be responding well to treatment. Now,

:00:00. > :00:19.it is time for Asia Business Report. Campaigning begins in Indonesia, to

:00:20. > :00:24.choose the next president. A look at what this will mean for the mining

:00:25. > :00:28.industry. Taxi troubles, Malaysia's cab drivers block traffic in the

:00:29. > :00:40.capital over low fares and unlicensed competition. Campaigning

:00:41. > :00:44.is now under way in Indonesia for the upcoming presidential elections

:00:45. > :00:51.in July. The race is between the Governor of Jakarta, seen as clear

:00:52. > :00:56.favourite, and a former general. Whoever wins will take power from

:00:57. > :01:03.Susilo Bambang Yudhoyono, who cannot do another term. This could affect

:01:04. > :01:11.the mining industry, with rich mineral resources. Our guest says he

:01:12. > :01:15.is confident that it will help bring stability to the mining sector.

:01:16. > :01:20.Latino who is the president, stability and investment will come

:01:21. > :01:24.back towards the mining industry. With the new mining law in place,

:01:25. > :01:31.what will it mean for the existing players and for those who would

:01:32. > :01:37.still like to come? For existing players, it comes into effect now.

:01:38. > :01:43.Players still to build smelters in Indonesia to process the natural

:01:44. > :01:50.resources domestically and create prosperity. This causes problems,

:01:51. > :01:56.because you need a power plant and human capital, but on the other hand

:01:57. > :01:57.it boosts investment because smelters are costly to build, in the

:01:58. > :02:38.range of 1`$2,000,000,000, It is more about the ability to run

:02:39. > :02:40.the smelters, this is very important that has good years ahead in

:02:41. > :02:53.Indonesia. Japan's economy expanded compare to

:02:54. > :02:57.a year levels. Nor .9% expansion is shown from January to March,

:02:58. > :03:00.compared to the last quarter. Businesses and markets around the

:03:01. > :03:05.world are waiting for the next move by the European Central bank. ECB

:03:06. > :03:09.governor is expected to announce measures to boost the flagging

:03:10. > :03:14.economy across the 18 countries that use the euro. An interest rate cut

:03:15. > :03:28.could see investors pool funds out of Asia and put them back into

:03:29. > :03:31.Europe. The ECB has accused the US of trying to avoid terrorist by

:03:32. > :03:35.outsourcing production to countries like Taiwan. Taxi drivers gathered

:03:36. > :03:40.in the Malaysian capital yesterday to block traffic in protest over low

:03:41. > :03:43.fares and illegal competition. Unless the government steps in to

:03:44. > :03:52.help, they say it is simply not possible to earn a living.

:03:53. > :03:56.Cab drivers in the capital city of Malaysia are venting their anger.

:03:57. > :04:02.This is the third protest they have staged in a matter of months. The

:04:03. > :04:06.biggest complaint, the government is not doing enough to stop illegal

:04:07. > :04:13.taxi operators from flying into Kuala Lumpur and renting private

:04:14. > :04:15.cars to ferry tourists, while licensed taxi drivers are heavily

:04:16. > :04:20.taxed and are finding it hard to make ends meet. Here are hundreds of

:04:21. > :04:26.taxi cabs, on the street, as hundreds of cab drivers come

:04:27. > :04:31.together in angry protests. TRANSLATION: We signed a memorandum

:04:32. > :04:34.to the traffic authority, and waited 14 days for an answer, but there was

:04:35. > :04:40.no response. Today, we are here not to fight against the government, we

:04:41. > :04:45.want our rights as taxi drivers. We have been dominated and treated

:04:46. > :04:48.unfairly. I spoke earlier to some taxi drivers, and they have said

:04:49. > :04:52.that takings have fallen by almost 80%. Taxi drivers have been unable

:04:53. > :05:02.to meet the rental takings driving a taxi for almost three

:05:03. > :05:05.weeks now. They need to help us, because none of them are doing

:05:06. > :05:10.anything. That is why we came down this way, we don't have any choice.

:05:11. > :05:15.Many passengers in Kuala Lumpur are equally unhappy with the city's

:05:16. > :05:20.official taxis. I have been conned not once or twice but many times

:05:21. > :05:27.during my trips to KL. Sometimes, they take a longer route. You don't

:05:28. > :05:30.want to go with them, they charge more, or they have a fixed rate. It

:05:31. > :05:35.is mainly because there is a lot of traffic and that is the excuse they

:05:36. > :05:40.give. I haven't seen many taxis, I saw one last night. For now, the

:05:41. > :05:45.grievances are simmering on all sides. Until business improves for

:05:46. > :05:48.these cab drivers, protests like these look like they will continue

:05:49. > :05:56.to block traffic on busy streets in Kuala Lumpur.

:05:57. > :05:58.Located on the doorstep of China, Asia's biggest technology show is

:05:59. > :06:02.attracting new buyers from the mainland. It is only in recent years

:06:03. > :06:09.that relations between the two sides have improved.

:06:10. > :06:13.This year, more than 38,000 buyers are coming from many countries

:06:14. > :06:17.around the world to attend the show, in one of the fastest growing groups

:06:18. > :06:23.of wires, are those from mainland China. With me is the executive vice

:06:24. > :06:33.president of the show's organiser. Can you explain to us why there are

:06:34. > :06:37.more Chinese buyers coming? Yes, Computex is an important platform

:06:38. > :06:40.for procurement. In the last five years we had more Chinese visitors

:06:41. > :06:48.coming here. This year, we are expecting to have 5000 visitors from

:06:49. > :06:53.mainland China. This year, the main subject is wearable devices,

:06:54. > :06:58.hand`held devices, and internet... About 20% of our exhibitors are from

:06:59. > :07:13.internet companies. About 40% of trade goes to China. Last year, we

:07:14. > :07:18.exported 10 billion US dollars of ICT products from Taiwan to mainland

:07:19. > :07:24.China. The Chinese domestic market is still growing for ICT. The young

:07:25. > :07:29.people use more ICT products. It is not just Computex that has seen an

:07:30. > :07:33.increase in Chinese buyers this year. Technology trade shows from

:07:34. > :07:37.around the world are also expected to see an increase in Chinese

:07:38. > :07:40.visitors in coming years. Chinese companies are not only interested in

:07:41. > :07:44.purchasing, but building partnerships with their counterparts

:07:45. > :07:53.in different countries. As they expand beyond the domestic market,

:07:54. > :07:54.into the global arena. These days it is easy to walk into a

:07:55. > :08:01.store and computer or smartphone, but what

:08:02. > :08:04.happens to the ones you throw out? Electronic raced mostly ends up in

:08:05. > :08:11.developing countries, like India and China. We are speaking to a person

:08:12. > :08:20.from Ericsson, asking who should tackle this problem. It is mainly an

:08:21. > :08:23.environmental issue, governments have the ability to stop the waste

:08:24. > :08:33.being imported into their countries. What about the role of

:08:34. > :08:38.the companies producing the waste? We take responsibility for our

:08:39. > :08:42.products from the design and development stage, through

:08:43. > :08:46.production, through supply, and through the life cycle, and when

:08:47. > :08:51.they come end of life. We recycle the electronics in a legitimate,

:08:52. > :08:58.environmentally correct manner. We can actually achieve 98% recovery,

:08:59. > :09:02.which means that less than 2% actually ends up in landfill.

:09:03. > :09:06.Currently at Ericsson, how much of your products to you end up

:09:07. > :09:10.recycling, and what is the goal in the coming years? Last year we took

:09:11. > :09:16.back approximately 8% of what we put on the market. Put on market meaning

:09:17. > :09:21.that with we put 100 products on the market, we take back eight. Arab

:09:22. > :09:32.jetty for this year is to take back 17%. Our objective. Having been to

:09:33. > :09:36.Africa many times in seeing these waste dumps, it is appalling to see

:09:37. > :09:40.it. Not to mention the poverty that people live in. That is the last

:09:41. > :09:45.place on earth we want our products to end up. Raw materials, prices, in

:09:46. > :09:55.the future, and availability, they will become an issue. If we are

:09:56. > :09:58.still forced in five years' time to buy raw materials on the market, the

:09:59. > :10:07.price will be considerably higher than what it is today. Director of

:10:08. > :10:11.ecology affairs at Ericsson. Stocks are mostly lower in mid`morning

:10:12. > :10:18.Thursday trade. Investors await a key decision of the European Central

:10:19. > :10:27.bank on the cost of borrowing. Japan is moving sideways, but you have

:10:28. > :10:42.Hong Kong, South Korea, and those are in negative territory.

:10:43. > :10:46.In Hong Kong, tens of thousands have turned out to commemorate the 25th

:10:47. > :10:50.anniversary of the crushing of student protests in Tiananmen Square

:10:51. > :10:54.in Beijing. The Taliban has released a video of the moment Sergeant Bowe

:10:55. > :10:55.Bergdahl was