04/02/2016 Asia Business Report


Live from Singapore, the essential business news as it breaks and a look ahead to the news that will shape the business day.

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A signing ceremony for the ambitious trade deal, the Trans-Pacific


Partnership, which President Obama hails one of the biggest in history.


And it is owning season in Japan. We look today at tech giant Sharp and


Toshiba. Happy Thursday, everyone, glad you can join us for Asia


Business Report. We start with a long-awaited Trans-Pacific


Partnership, which has taken another step towards becoming a reality


today. It has been signed in New Zealand. States can ratify or reject


the agreement. The deal includes 12 countries which account for 40% of


the economy. We can look at the winners and losers and the impact on


the economy. President Obama welcomed the signing


seeing it allows America to write the rules in the Asia-Pacific and


not countries like China. The ceremony has been accompanied by


large protesting in many countries -- saying. This was the scene in


Washington, DC across the White House. There is doubt whether the US


Congress will support it before President Obama leaves office next


January. This was Auckland, where the deal was signed, and we saw


protesters marching through the streets against the PPP. Earlier I


spoke to the New Zealand trade minister and I asked if he expects


the deal to be ratified by all member countries -- TPP. I am


confident it will be. Each country will go through those processes. The


signature in Auckland on Thursday is a commitment by each of those


administrations to move through the ratification process, and the


agreement itself gives two years for that to happen. Japan and the US


would have to ratify that to meet the requirements of GDP to be


enforced. All of the feedback I have had from the various delegations is


that they are more than confident and optimistic that they will be


able to do what they need to in their own domestic processes.


Minister lay, what will be the benefits of the Trans-Pacific


Partnership for New Zealand -- minister McLay. The benefits are


quite significant. We are a trading nation, a small country a long, long


way away, from many of the world's most important markets. This gives


us access to 800 million consumers who spend $27 trillion every year on


GDP. When the TDP is fully enforced, more than 90% of all of


the goods and services that we sell to these 11 other countries will be


tariff free, quota free -- TPP. It allows New Zealand business and


enterprise to play a role and be part of the manufacturing chain


that's becoming so important not only in those countries but many


other parts of the world. New Zealand trade minister POD -- Todd


McLeay. Technology company Sharp has reported earnings today, it is


struggling to make money and focus has been on the takeover or the


bailout bid. It has to decide between the rescue plan by the


innovation network operation of Japan and an offer by Taiwan's


Honghai and electronic. I asked David Rubin Steyne which one is the


better fit. Be better if it would be in Japan. Innovation's offer is less


than half of Honghai but there is arguably more synergy if Innovation


bought Sharp, they are hoping to combine the business with Japan


Display, which has a third of the Apple market. Tashi the reports


results as well and it is trying to lay the massive accounting scandal


to wrest -- Toshiba. It will implement long overdue structural


reforms. -- unrest. The owner of KFC reports stronger than expected


results. In the last three months of last year sales at its Chinese


stores rose 7%. It has suffered setbacks on the mainland following a


food scandal. It is selling off its mainland business. Former head of


the IMF Strauss Kahn is joining the board of a bank owned by a Ukrainian


billionaire. He resigned as IMF director in 2011 after being accused


of raping a woman at a New York hotel. The allegations were later


dismissed. The Chinese chemicals group Chem China offered $40 billion


to take over Syngenta, the biggest deal takeover by a mainland firm. I


ask Ed Vinalis what is behind this transaction. The reason why this


deal has come about is a story of China's emerging economies -- Ed


Vinales. They want to secure food supplies for 1.5 billion people,


that is 20% of the world's population. And they want to ensure


that that food supply is coming from within its borders, from the... And


the 200 -300 million farmers are part of that solution. These farmers


have hugely efficient processes. They need to modernise these


smallholder farmers otherwise they can source food from imports but


that does not guarantee the food security that they are looking for.


And if these smallholder farmers are not part of the solution they will


migrate to overcrowded cities, so it is about modernising China's


agricultural industry. And as Chem China's chairman said yesterday, we


want to spread Syngenta's integrated solution to these smallholder


farmers. Research is in Singapore have come up with a sticky solution


that could revel is everything from surgery to food prepared at sea --


researchers. They have designed clue which works in wet environment and


we have the details -- glue. It sounds like science fiction, and


glue which hardens underwater with electricity. Here at a Tech


University my research is have made it a reality. So, can you show us


how it works? My pleasure. So, it works on the premise that all we


need is a small voltage, it will insulate surfaces together. Right


now there is nothing we can use that has strong adhesion that will hold


these very dirty, wet environments. It works with a completely new


mechanism, so it does not work with a normal adhesive that allows it to


bond to proteins and tissues naturally. All we have to do is just


put a small drop of our Lou to this surface -- glue to this surface, we


put it together and we can see it is not adhesive. It is like normal glue


that we can reposition as we need to but as soon as we apply the


electrodes to it, the plus and -, here we have it set up already, all


we do is we apply two vaults and we wait for a couple of minutes to let


this work and then after that it will cross link between these pieces


of conductive substrates. It is done. We can take out the


electrodes. Once we take those out, we can show that it is not dropping


and the adhesion has worked across these pieces of plastic. -- plus and


and -. The Professor says it will be several years before the glue is on


the market for surgeries, at least, but this underwater adhesive


promises to transform the way that ships, pipelines and people are


repaired. Most of Asia's stock markets are in positive territory


after US equities had a sharp turnaround overnight as the price of


oil rebounded by 8%. However, the Nikkei two is down about 1%, at 142


points, as the US dollar fell against the Japanese yen. However,


you have the All Ordinaries index gaining 1.1%. The greater Chinese


market is in positive territory. Hong Kong is gaining 1% and the


Shanghai and Shenzhen composite index are both in the plus column.


Thank you so much for interesting your time with us. I am Rico Hizon.


Goodbye for now. -- investing your time with us.


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