:00:00. > :00:07.but they are said to be responding well to treatment. Now on BBC News,
:00:08. > :00:15.all the latest business news live from Singapore. Campaigning begins
:00:16. > :00:22.in Indonesia to choose the next president. A look at what this will
:00:23. > :00:25.mean for the mining industry. Taxi troubles, Malaysia's cab drivers
:00:26. > :00:39.block traffic in the capital, over low fares and unlicensed
:00:40. > :00:45.competition. Thank you for joining us. Campaigning is now under way in
:00:46. > :00:48.Indonesia for the upcoming presidential elections in July. The
:00:49. > :00:58.race is between the Governor of Jakarta, seen as clear favourite,
:00:59. > :01:01.and a former general. Whoever wins will take power from Susilio Bambang
:01:02. > :01:09.Yudhoyono, who cannot do another term. Both want to further develop
:01:10. > :01:15.the mineral and resort sector. A management partner at a consulting
:01:16. > :01:22.firm says he is confident that the new president will help bring
:01:23. > :01:25.stability to the mining sector. Once we know who is the president,
:01:26. > :01:28.stability and investment will come back towards the mining industry.
:01:29. > :01:31.With the new mining laws in place, what will it mean for the existing
:01:32. > :01:34.players, and for those who would still like to come? For existing
:01:35. > :01:37.players, it comes into effect now. For players still to build smelters
:01:38. > :01:40.in Indonesia to process the natural resources domestically and create
:01:41. > :01:43.prosperity, this causes problems, because you need a power plant and
:01:44. > :01:46.human capital, but on the other hand it boosts investment because
:01:47. > :02:09.smelters are costly to build, in the range of $1`$2 billion. And it
:02:10. > :02:13.creates a lot of output. In terms of mining automation. It will be
:02:14. > :02:15.capital`intensive, but is the government planning to bring in
:02:16. > :02:19.foreign labour or train local staff? I think they will have to train
:02:20. > :02:33.local staff, there are no plans to bring overseas labour to work at the
:02:34. > :02:37.smelters. Smelter is not very manpower intensive in any case, it
:02:38. > :02:40.is more about the skill set. It is more about the ability to run the
:02:41. > :02:50.smelters, it is very important they have good years ahead in Indonesia.
:02:51. > :02:55.New data shows growth in China's service sector has fallen to a four
:02:56. > :03:01.month low. It goes against the official numbers released earlier
:03:02. > :03:04.this week by the government, which shows the world's second largest
:03:05. > :03:12.economy has stabilised. According to the European lender, it is down from
:03:13. > :03:19.April's total of 51.4. Despite the fall, the sector is still expanded.
:03:20. > :03:24.South Korea's economy grew in the first quarter of 2014. Revised data
:03:25. > :03:30.from the central bank reveals 0.9% expansion for January to March.
:03:31. > :03:33.Compared to the last quarter. Businesses and markets around the
:03:34. > :03:36.world are waiting for the next move by the European Central bank. The
:03:37. > :03:39.ECB Governor is expected to announce measures to boost the flagging
:03:40. > :03:42.economy across the 18 countries that use the euro. An interest rate cut
:03:43. > :03:50.could see investors pull funds out of Asia and put them back into
:03:51. > :03:53.Europe. Taxi drivers gathered in the Malaysian capital yesterday to block
:03:54. > :03:55.traffic in protest over low fares and illegal competition. Unless the
:03:56. > :04:03.government steps in to help, they say it is simply not possible to
:04:04. > :04:09.earn a living. Our correspondent has more from Kuala Lumpur. Cab drivers
:04:10. > :04:13.in the capital city of Malaysia are venting their anger. This is the
:04:14. > :04:15.third protest they have staged in a matter of months. The biggest
:04:16. > :04:18.complaint, the government is not doing enough to stop illegal taxi
:04:19. > :04:21.operators from flying into Kuala Lumpur and renting private cars to
:04:22. > :04:31.ferry tourists, while licensed taxi drivers are heavily taxed and are
:04:32. > :04:37.finding it hard to make ends meet. Here in the heart of Kuala Lumpur,
:04:38. > :04:40.are hundreds of taxi cabs, on the street, as hundreds of cab drivers
:04:41. > :04:43.come together in angry protests. TRANSLATION: We signed a memorandum
:04:44. > :04:47.to the traffic authority, and waited 14 days for an answer, but there was
:04:48. > :04:53.no response. Today, we are here not to fight against the government, we
:04:54. > :04:58.want our rights as taxi drivers. We have been dominated and treated
:04:59. > :05:01.unfairly. I spoke earlier to some taxi drivers, and they have said
:05:02. > :05:09.that takings have fallen by almost 80%. And some taxi drivers have been
:05:10. > :05:14.unable to meet the rental takings for driving a taxi for almost three
:05:15. > :05:20.weeks now. So we need someone from the government, any agency, to come
:05:21. > :05:24.forward to help us, because none of them are doing anything. That is why
:05:25. > :05:28.we came down this way, we don't have any choice. However, many passengers
:05:29. > :05:33.in Kuala Lumpur are equally unhappy with the city's official taxis. I
:05:34. > :05:36.have been conned, not once or twice but many times, during my trips to
:05:37. > :05:42.KL. Sometimes, they take a longer route. You don't want to go with
:05:43. > :05:48.them, they charge more, or they have a fixed rate. I think it is mainly
:05:49. > :05:56.because there is a lot of traffic, and that is the excuse they give. I
:05:57. > :06:00.haven't seen many metres, but I saw one last night. For now, the
:06:01. > :06:03.grievances are simmering on all sides. Until business improves for
:06:04. > :06:06.these cab drivers, protests like these look like they will continue
:06:07. > :06:10.to block traffic on busy streets in Kuala Lumpur. Located on the
:06:11. > :06:14.doorstep of China, Asia's biggest technology show is attracting new
:06:15. > :06:21.buyers from the mainland. It is only in recent years that relations
:06:22. > :06:31.between the two sides have improved. That has been good news for the
:06:32. > :06:34.organisers of Computex. This year, more than 38,000 buyers are coming
:06:35. > :06:38.from many countries around the world to attend the show, and one of the
:06:39. > :06:41.fastest growing groups of buyers are those from mainland China. With me
:06:42. > :06:44.is the executive vice president of the show's organiser. Can you
:06:45. > :06:47.explain to us why there are more Chinese buyers coming? Yes, Computex
:06:48. > :06:53.is an important platform for procurement. In the last five years
:06:54. > :06:57.we had more Chinese visitors coming here. This year, we are expecting to
:06:58. > :07:03.have 5000 visitors from mainland China. This year, the main subject
:07:04. > :07:14.is wearable devices, hand`held devices, and internet... Of things.
:07:15. > :07:24.About 20% of our exhibitors are from internet companies. Other Chinese
:07:25. > :07:29.buyers also interested in the Internet of things and wearables?
:07:30. > :07:33.About 40% of our trade goes to China. Last year, we exported ten
:07:34. > :07:36.billion US dollars of ICT products from Taiwan to mainland China. The
:07:37. > :07:42.Chinese domestic market is still growing for ICT. The young people
:07:43. > :07:45.use more ICT products. It is not just Computex that has seen an
:07:46. > :07:48.increase in Chinese buyers this year. Technology trade shows from
:07:49. > :07:52.around the world are also expected to see an increase in Chinese
:07:53. > :07:54.visitors in coming years. Chinese companies are not only interested in
:07:55. > :07:56.purchasing, but building partnerships with their counterparts
:07:57. > :08:10.in different countries, as they expand beyond the domestic market,
:08:11. > :08:14.into the global arena. These days it is easy to walk into a store and buy
:08:15. > :08:20.the latest television, computer or smartphone, but what happens to the
:08:21. > :08:23.ones you throw out? Electronic waste or E`waste mostly ends up in
:08:24. > :08:31.developing countries, like India and China. Stephen Rogers is a director
:08:32. > :08:41.of ecological affairs at Ericsson, asking who should tackle this
:08:42. > :08:48.problem. We have a programme called extended responsibility. That means
:08:49. > :08:50.that we take responsibility for our products from the design and
:08:51. > :08:53.development stage, through production, through supply, and
:08:54. > :08:56.through the life cycle, and when they come to end`of`life. We recycle
:08:57. > :09:00.the electronics in a legitimate, environmentally correct manner. We
:09:01. > :09:04.can actually achieve 98% recovery, which means that less than 2%
:09:05. > :09:07.actually ends up in landfill. Currently at Ericsson, how much of
:09:08. > :09:11.your products do you end up recycling, and what is the goal in
:09:12. > :09:18.the coming years? Last year we took back approximately 8% of what we put
:09:19. > :09:24.on the market. Put on market meaning that with we put 100 products on the
:09:25. > :09:34.market, we take back eight. Our objective for this year is to take
:09:35. > :09:37.back 17%. What spurred this? Having been to Africa many times in seeing
:09:38. > :09:41.these waste dumps, it is appalling to see it. Not to mention the
:09:42. > :09:45.poverty that people live in. And of course, that is the last place on
:09:46. > :09:48.earth we want our products to end up. Raw materials, prices, in the
:09:49. > :09:57.future, and availability, they will become an issue. And if we are still
:09:58. > :09:59.forced in five years' time to buy raw materials on the market, the
:10:00. > :10:06.price will be considerably higher than what it is today. Stephen
:10:07. > :10:12.Rogers, Director of Ecology Affairs at Ericsson. Let's have a quick look
:10:13. > :10:17.at the markets. Asian stocks are mostly lower as investors await a
:10:18. > :10:25.key decision of the European Central bank on the cost of borrowing. Also
:10:26. > :10:33.not helping, a drop in China's services index, which is at a four
:10:34. > :10:41.month low. Thank you for investing your time with us, sport is up next.
:10:42. > :10:44.The top stories this hour: In Hong Kong, tens of thousands turn out to