:00:00. > :00:00.appeal. It follows the inquiry into so`called Trojan schools. Now on BBC
:00:00. > :00:17.News all the latest business news live from Singapore.
:00:18. > :00:22.Nearly a week after the crash of MH17, we hear from passengers
:00:23. > :00:27.questioning the safety of global flight paths. China is becoming an
:00:28. > :00:33.increasingly important market for Apple Mac with a surge in profits
:00:34. > :00:41.thanks to iPhone sales. Thank you for joining us for Asia Business
:00:42. > :00:46.Report. Six days after MH17 went down, the bodies of many passengers
:00:47. > :00:51.killed on the Malaysian Airlines flight are finally on their way to
:00:52. > :01:02.the Netherlands. In the Malaysian capital, a small number of
:01:03. > :01:04.protesters gathered... Passengers are questioning who is responsible
:01:05. > :01:11.for the safety of global flight paths. Now we go to our
:01:12. > :01:21.correspondant. It is one of the world's busiest passenger air
:01:22. > :01:29.raids. `` roots. The pad over Ukraine is one of the fastest ``
:01:30. > :01:42.path. Malaysian Airlines and many other characters including Lufthansa
:01:43. > :01:48.and Air India were flying over the area last week while others avoided
:01:49. > :01:57.the area. This man was on a flight which also flew over Ukraine on the
:01:58. > :02:02.day of the crash. I am still in a strange emotional state about it. It
:02:03. > :02:08.could have been our flight. It could have been any flight. Within hours,
:02:09. > :02:14.flights started to avoid the Ukraine but the question is coming why were
:02:15. > :02:18.they flying over Ukraine to begin with? All the airlines we contacted
:02:19. > :02:24.said they were only using internationally approved flight
:02:25. > :02:29.paths, pointing the finger at air control and the civil aviation
:02:30. > :02:34.organisation but they both say that this is a sovereign issue and it is
:02:35. > :02:44.up to the national authorities to declare any unsafe areas of heirs
:02:45. > :02:52.face. `` airspace. We know they are having trouble. Our faith is shaken
:02:53. > :02:54.but not destroyed. We take a lot of things for granted and trust the
:02:55. > :03:00.regulators in whatever they decide for us. Airlines are keen to
:03:01. > :03:05.reassure passengers that their priority is to keep them safe but
:03:06. > :03:11.the debate continues over whether this tragedy could have been
:03:12. > :03:13.avoided. And with no independent organisation taking direct
:03:14. > :03:21.responsibility for the safety of global flight paths, questions
:03:22. > :03:27.remain. Joko Widodo has officially been
:03:28. > :03:32.declared the winner of the Indonesian election but his opponent
:03:33. > :03:34.is not giving up and has alleged that widespread fraud has taken
:03:35. > :03:39.place and that he will challenge the result in the courts. We are
:03:40. > :03:44.speaking to the American Chamber of Commerce in Jakarta who said his
:03:45. > :03:49.investors are optimistic about the new president but have expectations
:03:50. > :03:51.of him. One of his first priorities will be to get experts in the
:03:52. > :03:57.cabinet and investors will be looking at that. One of his first
:03:58. > :04:02.priorities in office is to deal with the US subsidy issue that is
:04:03. > :04:07.accounting for 15% of the budget today. If that money could be freed
:04:08. > :04:12.up, it could go into infrastructure and other social programmes. Getting
:04:13. > :04:17.the cabinet right and dealing with the subsidy issue will be the most
:04:18. > :04:22.important things. How will he handle the ongoing issue in mining? He
:04:23. > :04:28.needs to bring the companies to the table with a contract of work that
:04:29. > :04:33.needs to be respected. It needs to be a solution for investors and the
:04:34. > :04:38.government. If that issue is not dealt with, it has tremendous
:04:39. > :04:45.implications for employment and the loss of export earnings. Despite
:04:46. > :04:52.Indonesia's problems, many investors are honing in on the large
:04:53. > :04:59.population of individuals under 30 which could basically spur domestic
:05:00. > :05:06.demand going forward. That is an advantage that Indonesia has. A huge
:05:07. > :05:11.population under the age of 30 and a productive one but that window is
:05:12. > :05:14.fairly tight. 20 years from now, the population will age so the decisions
:05:15. > :05:23.that are made today will have tremendous ramifications 20 years
:05:24. > :05:29.down the line. And her white in Jakarta `` Andrew White. Microsoft
:05:30. > :05:40.is already in use rise and profits fall in the first quarter. It bought
:05:41. > :05:46.Nokia in April and is down $5 billion from the same period last
:05:47. > :05:55.year. Apple made a jumping profits of nearly $4.6 billion due to iPhone
:05:56. > :06:01.sales and computers. Now we go to our correspondant. What is
:06:02. > :06:05.interesting is we heard from the chief executive who talked about the
:06:06. > :06:15.strong performance in one specific region when it came to be sales of
:06:16. > :06:24.iPhone's. That was in China where sales rose 48%. I spoke to an
:06:25. > :06:29.analyst about the results and this is what he had to say. We saw them
:06:30. > :06:34.sell over 35 million phones in a quarter, that is roughly 12 million
:06:35. > :06:43.a month which is staggering even the high price point and given that all
:06:44. > :06:47.the smart phone growth is in the developing world where they are most
:06:48. > :06:59.expensive but people are still willing to pay due to the status
:07:00. > :07:08.symbolism. What about the iPad? Disappointing sales numbers for the
:07:09. > :07:12.second quarter and a row. Down 9%. What did he say? I would be
:07:13. > :07:19.surprised if he wasn't disappointed. These figures
:07:20. > :07:26.underscore how important the iPhone is to the firm. It is where the bulk
:07:27. > :07:35.of its profits come from and we are reflecting on the fact that I had
:07:36. > :07:42.sales `` iPad were less stellar and we have not discussed it computer
:07:43. > :07:53.sales. Investors are not impressed with the stock falling in
:07:54. > :08:00.after`hours trading at Apple. Credit Suisse received a huge fine
:08:01. > :08:02.following altercations on tax evasion charges from American
:08:03. > :08:09.authorities but it was not all bad news. They have brought in huge
:08:10. > :08:13.amounts of money this quarter, a key indication of improved revenue. If
:08:14. > :08:18.you are considering moving to Singapore for a banking job, you are
:08:19. > :08:23.not alone but you may be in the minority if you decide to move to
:08:24. > :08:27.Sydney. A study shows vacancies across the Asia`Pacific region are
:08:28. > :08:37.up 5% from last year indicating a growing war for talent. There is a
:08:38. > :08:42.risk that Australia might lose out with 68% considering a move
:08:43. > :08:53.overseas. More businesses are hiring to grow and not just replace
:08:54. > :09:03.existing staff. Andrew Evans is from the firm that carried out the
:09:04. > :09:07.survey. In terms of the type of roles, it is broadly across the
:09:08. > :09:14.board in financial services. The front, middle or back office, that
:09:15. > :09:17.is a term that we use in the banking business, the front is where the
:09:18. > :09:24.revenue is made and that is the most pleasing. Private banking, corporate
:09:25. > :09:29.banking and investment and trading, all of those are up. Let's talk
:09:30. > :09:43.about the broader Asian market. There is competition for jobs for
:09:44. > :09:50.individuals born after 1977. If I were a CEO, who would I hire today?
:09:51. > :09:53.The way our clients operate, that his financial and nonfinancial
:09:54. > :09:58.services, the amount of diverse roles they have and the way they are
:09:59. > :10:06.looking for different talent to move around readily and take advantage of
:10:07. > :10:09.the growth, that is what we call nonpermanent recruitment and there
:10:10. > :10:14.is a significant rise here in Singapore and in Hong Kong and
:10:15. > :10:24.Sydney. All of this illustrates that it is known that long`term roles
:10:25. > :10:34.that are in the majority at the moment `` non`long`term`roles. Asian
:10:35. > :10:39.markets are rising after American stocks rose yesterday. We are still
:10:40. > :10:49.being asked to pay attention to unstable regions overseas.
:10:50. > :11:01.Australia's main share index is rising by 45 points today. Violence
:11:02. > :11:11.persisting in the Gaza Strip and instability in Ukraine have lead to
:11:12. > :11:13.volatility in these areas. I'm Adnan