:00:00. > :00:15.Now on BBC News all the latest business news live from Singapore.
:00:16. > :00:21.The first summit on US soil with ten south-east Asian leaders wraps up.
:00:22. > :00:28.What difference will it make back home? The Australians planning to
:00:29. > :00:45.give new refugees a taste of a better life. Good morning, Asia,
:00:46. > :00:49.hello, world, glad you can join us. President Obama has used the first
:00:50. > :00:53.ASEAN meeting on US soil to reiterate his belief in the
:00:54. > :00:58.importance of Asia to his country's future. Leaders from ten south-east
:00:59. > :01:04.Asian nations have gathered in America and trade has been the
:01:05. > :01:07.centre stage. 2-way trade and investment between America and
:01:08. > :01:10.Southeast Asia is growing and President Obama says it will
:01:11. > :01:14.continue to do so with the signing of the multinational transpacific at
:01:15. > :01:20.the ship. -- Trans-Pacific Partnership. I have pledged the
:01:21. > :01:24.United States will be a partner in ASEAN efforts to integrate economies
:01:25. > :01:34.and reduce barriers to trade. I and also announcing a new initiative.
:01:35. > :01:40.US-ASEAN Connect, co-ordinating engagement, entrepreneurs and his
:01:41. > :01:49.nurses with each other. I spoke with an Asian economists at HSBC --
:01:50. > :01:56.entrepreneurs and businessmen. The most important point is most likely
:01:57. > :02:00.the TPP to the rest of the members of ASEAN. We have Singapore,
:02:01. > :02:05.Malaysia, Vietnam and Brunei at members of TPP and meanwhile
:02:06. > :02:11.Philippines and Thailand have expressed interest -- are. Obama
:02:12. > :02:16.wants to promote the reach of TPP which comes at a good time for US
:02:17. > :02:21.and ASEAN relations, especially as ASEAN integrate into the community.
:02:22. > :02:27.Breaking down barriers to trade, services and investment is important
:02:28. > :02:31.to boosting growth. The ASEAN community of 600 million consumers
:02:32. > :02:38.will be a major benefit for American businesses. Exactly. The US is the
:02:39. > :02:42.main source of investment in ASEAN and in creating this community it
:02:43. > :02:47.breaks down barriers within ASEAN to create a single production base
:02:48. > :02:51.similar to the EU. Not as ambitious and it would take time to be
:02:52. > :02:54.perfected but what it does is gives US companies access to a single
:02:55. > :03:03.market for production and also in terms of consumers to make it a
:03:04. > :03:10.better value proposition. Oil prices falling despite Saudi Arabia and
:03:11. > :03:14.Russia freezing oil output at January levels if other producers
:03:15. > :03:19.follow suit. Administrators met in Doha with counterparts from
:03:20. > :03:26.Venezuela and Qatar. Prices have sunk from their peak of 160 dollars
:03:27. > :03:33.US per barrel in June 2014. The biggest Aerospace airshow is in full
:03:34. > :03:41.swing in Singapore. We are joined by our correspondent from inside a
:03:42. > :03:50.brand-new state-of-the-art aircraft. Are you ready for takeoff?! Not just
:03:51. > :03:57.yet but very soon. I am standing inside the cabin of a E2 jet which
:03:58. > :04:02.would take off later this month. It is extremely optimistic, this
:04:03. > :04:09.manufacturer, about the outlook for the sales of planes across the
:04:10. > :04:14.region, just like Airbus and Boeing have been saying. They say they are
:04:15. > :04:21.going to sell 1500 planes over the next 20 years in Asia are worth $75
:04:22. > :04:27.billion. Let's find out this company is feeling so optimistic. Joining me
:04:28. > :04:35.to talk about some of these issues is the CEO of president of Embraer,
:04:36. > :04:43.Paolo Silver. Thank you for joining us on the BBC. Why are you feeling
:04:44. > :04:46.ever so optimistic about the outlook for commercial aviation in this part
:04:47. > :04:55.of the world given the global economic uncertainty? We are right
:04:56. > :05:00.in the heart of the Asia-Pacific, starting in China, huge population,
:05:01. > :05:04.Indonesia and India. Emerging markets are growing fast. Nowadays,
:05:05. > :05:14.economies are not growing as fast as they used to be, in the last years,
:05:15. > :05:19.however it is still growing and aviation has a huge growth in this
:05:20. > :05:24.area. China, for instance, China will grow this year in terms of the
:05:25. > :05:32.economy around 6%. Aviation is going to be 10%. We have heard from some
:05:33. > :05:36.airlines, your customers effectively, that they are concerned
:05:37. > :05:39.about the outlook. That is having an impact on their business and bottom
:05:40. > :05:48.lines. Went that translate into less orders for you? Not yet in aviation.
:05:49. > :05:53.It is still growing. Globally, it is to grow at around 6%. We have to
:05:54. > :06:05.depend on countries in the region. We are doing this new jet, the
:06:06. > :06:07.second generation of the E jet family to be launched at the end of
:06:08. > :06:15.this month. The first flight at the end of this year. Tell me about the
:06:16. > :06:18.Chinese market. You say it is a very lucrative possible opportunity. It
:06:19. > :06:26.has been hard for some companies to crack that market. We've been in
:06:27. > :06:35.China for the last 11 years. We have 150 jets flying in China with a
:06:36. > :06:45.market share tour of about 85% in our Whitefield. -- share. You are
:06:46. > :06:53.not concerned about ongoing concerns and worries that growth is slowing
:06:54. > :06:56.down? -- in our field. Not at all. They are growing 150 regional
:06:57. > :07:02.airports to be built in the next two years with 1.2 billion people, so it
:07:03. > :07:07.is still huge growth. Thank you so much for joining us. We will have
:07:08. > :07:14.more from the airshow in the next couple of hours. Enjoy yourself.
:07:15. > :07:17.Australia has pledged to offer century to 12,000 people fleeing
:07:18. > :07:22.conflict in Syria but one big question is what will those refugees
:07:23. > :07:25.do when they get there? Two Sydney sisters are doing their bit to
:07:26. > :07:30.help, planning hospitality training for refugees in their Syrian family
:07:31. > :07:37.restaurant, and they have enlisted help from industry colleagues, as
:07:38. > :07:42.our correspondent reports, as part of the series on the business of
:07:43. > :07:45.giving. Hospitality can be hot and hard work but it could give migrants
:07:46. > :07:51.at the start they need to prosper in a new country. Carol and Sharon run
:07:52. > :07:57.a middle eastern restaurant in Sydney. With friends in the industry
:07:58. > :08:01.they're putting together a training programme to help refugees from
:08:02. > :08:07.Syria find a job. It makes good business sense for anyone, really. A
:08:08. > :08:09.lot of people that come from overseas and work in Australia,
:08:10. > :08:14.that's all they want to do, they want to work, they want to create a
:08:15. > :08:18.life for themselves - they're not lazy and they will take on any job
:08:19. > :08:21.they can. Training and work experience will be offered at
:08:22. > :08:27.various restaurants and it is hoped skills passed on to the refugees
:08:28. > :08:32.will lead to a productive future. 8-10 leaves, so you can just
:08:33. > :08:35.approximate. These are the skills that you would be imparting to the
:08:36. > :08:42.refugees when they come? Of course, yeah. Salads are a big part of this
:08:43. > :08:45.food. Sharon and Carol's parents came to Australia from Syria more
:08:46. > :08:53.than 40 years ago and they want to do their bit to help those displaced
:08:54. > :08:57.by fighting. We have so much family still in Syria. That could be our
:08:58. > :09:01.parents' families that could be coming as refugees. When that lucky
:09:02. > :09:04.enough that's not the case but it could have been one of the many
:09:05. > :09:08.ideas and articles and cousins we have over there at the moment -- one
:09:09. > :09:16.of the many items and uncles. Why wouldn't we help? Newly arrived
:09:17. > :09:21.refugees are from the Syrian city of Homs -- aunties. Fearing for their
:09:22. > :09:25.lives they flew in to Sydney at the end of December from Egypt. His aim
:09:26. > :09:31.is to set up a catering business but he needs help and guidance.
:09:32. > :09:35.TRANSLATION: It is very important for me to find a good job. I don't
:09:36. > :09:40.want to depend on the Australian government. I want to establish my
:09:41. > :09:48.own business for my own sake and for my families' sake. -- family's sake.
:09:49. > :09:51.Australia is one of the most multicultural places on earth, and
:09:52. > :09:56.successive waves of migrants have thrived here. But refugees have far
:09:57. > :10:01.higher rates of unemployment than the general population, and fitting
:10:02. > :10:03.in is not always easy. So, the Syrians being offered a century in
:10:04. > :10:12.Australia will need all the help they can get. -- sanctuary. Before
:10:13. > :10:18.we go, a quick look at markets, and Asia is currently mixed to higher at
:10:19. > :10:22.this hour after the second straight day of gains for the US market with
:10:23. > :10:26.the Nikkei and Hang Seng in positive territory but with local oil prices
:10:27. > :10:30.the all ordinaries index is down by four points. Thank you so much for
:10:31. > :10:31.investing your time with us. I am Rico