:00:00. > :00:00.given automatic powers to look at people's internet browsing history.
:00:00. > :00:15.She's presenting a new bill to the Commons this week.
:00:16. > :00:27.The leaders of China, South Korea and Japan have a rare meeting. Where
:00:28. > :00:37.did everybody go? One of India's most popular destinations tries to
:00:38. > :00:43.lure tourists back to their shores. Welcome to the programme. The
:00:44. > :00:47.leaders of Japan, South Korea and China, here they are, they all met
:00:48. > :00:53.on the weekend in Seoul for the first 3-way talks in three years.
:00:54. > :01:01.They glossed over some of the contentious issues but have agreed
:01:02. > :01:05.to restore security and trade ties. And also discussions of a free trade
:01:06. > :01:10.zone that would account for a fifth of the global economy was also on
:01:11. > :01:16.the agenda. I talked about whether the talks were a success. It is
:01:17. > :01:22.still relatively early days. They have been talking on and off for the
:01:23. > :01:26.last few years. But it is maybe two hours a year. You can imagine there
:01:27. > :01:34.hasn't been much progress. Were we talk about their trade pact, there
:01:35. > :01:38.is also the economic partnership. Also, the TPP was the other big
:01:39. > :01:44.focus. It has been a bone of contention. It is otherwise known in
:01:45. > :01:50.some circles as the trade pact with just about everyone but China. Tell
:01:51. > :01:54.us about these pacts. Do they compete? I don't see them as
:01:55. > :02:03.competing. I see them as compliment tree. They are different animals. --
:02:04. > :02:11.complementary. TPP is up here and the other down here. But, it makes
:02:12. > :02:18.sense for the trilateral talks to be Hayat... But it is a little tough,
:02:19. > :02:22.even without political tensions. -- down here. They have economic
:02:23. > :02:28.petition between them because they are in similar sectors. The
:02:29. > :02:32.enthusiasm to open up to each other will be tricky. -- competition. Are
:02:33. > :02:37.you hopeful for more economic cooperation between them? Will get
:02:38. > :02:44.potentially alleviate the slowdown we are already seeing brought on by
:02:45. > :02:49.China? -- it. That is why we see renewed momentum for these talks. In
:02:50. > :02:53.a world of declining economic growth you need to look for new sources.
:02:54. > :03:01.For the leaders of these countries, this struck them as a reasonable way
:03:02. > :03:05.to make forward progress. Speaking of the slowdown in China, indicators
:03:06. > :03:10.showed an unexpected contraction again in October. The third straight
:03:11. > :03:18.month their manufacturing and purchasing index remained unchanged
:03:19. > :03:23.at 49.8, the weakest August 2012. That is denting hopes that the
:03:24. > :03:32.world's second largest economy could post a turnaround. We are waiting
:03:33. > :03:34.for a Surfleet you out shortly. The Philippine president is using the
:03:35. > :03:40.strengthening budget to overhaul salaries of 1.3 million government
:03:41. > :03:50.workers. -- survey. The proposal would triple a big service was pay
:03:51. > :03:56.and boost a row. -- triple pay for public services. West Bank has
:03:57. > :04:01.posted a record annual cash profit of five and a half billion US
:04:02. > :04:08.dollars. A 3% rise. It was helped by growth in mortgages. They became the
:04:09. > :04:13.first of Australia's big four banks to push them higher to protect big
:04:14. > :04:19.profits. They may have kept their name, but what were once government
:04:20. > :04:24.utilities are moving away and being privatised to take on the big
:04:25. > :04:35.logistics players. Stocks in Japan will start trading this week. I
:04:36. > :04:43.spoke to the head of e-commerce to talk about the recent purchase. With
:04:44. > :04:48.this acquisition we can now help retailers grow their businesses on
:04:49. > :04:55.line in two thirds of the global e-commerce market. That is North
:04:56. > :05:01.America and Asia. The combined platform can handle $3 billion in
:05:02. > :05:06.merchandise volume. This is a good stepping stone for brands to come to
:05:07. > :05:12.Asia will be for Asian brands to go to the US. You have also set up a
:05:13. > :05:17.partnership with China's Alibaba, your second biggest shareholder.
:05:18. > :05:23.Where the you see that partnership taking you? We work very closely
:05:24. > :05:36.with Alibaba. -- where do you see. We know that they are successful in
:05:37. > :05:40.serving brands in China. E-commerce accounts for more than a quarter of
:05:41. > :05:53.your revenue, how do you expect that to change? We are at 28% right now
:05:54. > :06:00.off the Singapore Post's analysis. If you look in Southeast Asia, the
:06:01. > :06:05.e-commerce percentage versus overall retail is only about 1%. A tiny
:06:06. > :06:10.portion. In the US it is about ten and Korea, 15. You can see the
:06:11. > :06:14.potential we see here in Southeast Asia that it will grow
:06:15. > :06:18.significantly. In Singapore you have faced a unique and two Asian because
:06:19. > :06:27.you are in a relatively small market. -- unique situation. You
:06:28. > :06:33.will be facing well-established players like FedEx in the US, how do
:06:34. > :06:39.you plan to compete? We provide a very unique offering, that is the
:06:40. > :06:47.key, it covers everything that is required to sell on line, not just
:06:48. > :06:49.delivery but also the content, the experience, everything that is
:06:50. > :06:57.required to sell on line effectively. But it helps to drive
:06:58. > :07:01.traffic to the e-commerce Internet area. If you want to come to Asia,
:07:02. > :07:05.it is not that straightforward to set that up so we help them set up
:07:06. > :07:12.everything to be successful in the Asia-Pacific. The CEO. India is
:07:13. > :07:19.preparing for a peek tourist season and one popular hotspot for visitors
:07:20. > :07:25.is none other than Goa, which used to have 200,000 British tourists a
:07:26. > :07:31.year. But the global downturn and some high-profile clients saw
:07:32. > :07:37.numbers fall. Voucher is in chiefs are trying to bring them back. --
:07:38. > :07:45.tourism chiefs. We went to find out more. This beach is buzzing with
:07:46. > :07:49.Indian tourists. While there are just a few foreign visitors now, and
:07:50. > :07:55.this beach will be full of them as the arrest season kicks in over the
:07:56. > :07:59.next few weeks. -- tourist. More than half a million international
:08:00. > :08:03.travellers visit Goa every year. Most of their visitors come to
:08:04. > :08:10.shacks like these to eat, drink and hang out. They spend more money than
:08:11. > :08:14.the Indian counterparts, that is why they are crucial for the survival of
:08:15. > :08:21.almost all businesses, on the beach and beyond. Until a few years ago,
:08:22. > :08:26.Goa saw more holiday visitors from Britain than anywhere else, before
:08:27. > :08:31.Russian tourists outnumbered then. And as well as those taking a break
:08:32. > :08:37.here, retirees are taking longer trips. -- them. But along with the
:08:38. > :08:45.global economic slowdown, numbers have fallen sharply. For people like
:08:46. > :08:55.this man who started this sports bar ten years ago, targeting British
:08:56. > :09:00.tourists... We started out in 2006 -7, we are 40% overall down on the
:09:01. > :09:07.tourist market since then. What used to be a six-month season is now
:09:08. > :09:14.almost a four-month season. It is a a lot of pressure to try and earn
:09:15. > :09:22.your living in four-month. Last year Russian visitors fell due to the
:09:23. > :09:23.depreciation of the currency. With Russia's economy still under
:09:24. > :09:30.pressure the prospect of that changing this year leaked as well.
:09:31. > :09:40.That is why Goa's tourism department is trying to get more back. --
:09:41. > :09:44.bleak. They want to make getting a visa easier. It was hard to get. But
:09:45. > :09:50.that is getting dressed. Also cleanliness. -- addressed. That is
:09:51. > :09:58.why we launched a cleaning initiative last September. That will
:09:59. > :10:01.pay rich dividends. Making it more competitive internationally is one
:10:02. > :10:07.way to fill up places like this with Britons and other tourists. Bringing
:10:08. > :10:16.more money to one of India's hotspots for tourists. BBC News,
:10:17. > :10:21.Goa. A look at the market. They are all trading lower, the Nikkei down
:10:22. > :10:28.over 1%. We are watching Japan's post- trading debut. That is it for
:10:29. > :10:37.this edition of Asia Business Report. I am Sharanjit Leyl. You are
:10:38. > :10:45.with BBC News. Russian officials say the plane lost
:10:46. > :10:48.in the Sinai Desert broke up in mid-air before it crashed.