:00:00. > :00:16.Now on BBC News, all the latest business news live from Singapore.
:00:17. > :00:23.A new regulator for China's volatile stock markets, we will take a look
:00:24. > :00:32.at the man with one of the toughest jobs in the world. And we get our
:00:33. > :00:34.hands on Samsung's newest phone. We find out why they are going back in
:00:35. > :00:52.time for some of its new features. Good morning. Glad you could join
:00:53. > :00:55.us. We start with China and the Asian stock markets are some of the
:00:56. > :01:02.most turbulent in the world. Teams of dollars have been lost over the
:01:03. > :01:09.last year, and now they are getting a new man. They announced over the
:01:10. > :01:13.weekend that he will be taking over as the chair of the Chinese regular
:01:14. > :01:19.tourist commission. As of yesterday, he was the chairman of one of the
:01:20. > :01:23.area's biggest banks and a former deputy governor of the Central Bank.
:01:24. > :01:32.Is he the right man for this hot seat? We discussed that in Hong
:01:33. > :01:35.Kong. Is in control the organisation, but the real problem
:01:36. > :01:39.with those losses that you are talking about came from market
:01:40. > :01:45.volatility. But that was due to the of circuit breakers, but it is a
:01:46. > :01:49.very difficult market for any regulator to look after. It is
:01:50. > :01:54.mainly retail driven. He will have a tough job ahead of him. His main
:01:55. > :02:06.role is to reinstall confidence in retailers. Indeed. Reinstalling
:02:07. > :02:10.confidence in the market. Some say they may think some of his policies
:02:11. > :02:15.will make it worse, such as the circuit breaker? A lot of his
:02:16. > :02:19.earlier policies did a lot of good for the market. But it was the
:02:20. > :02:27.circuit breakers that really upset people. They have said that he did
:02:28. > :02:31.not forecast the fall in the market. I don't think anybody globally
:02:32. > :02:36.managed to do that in any market. The real problem is that China is
:02:37. > :02:44.used to running a command economy, but you cannot run a command stock
:02:45. > :02:49.market. What do you think should be the top three priorities right now
:02:50. > :02:54.for him? Will he be his own man, or will he continue to follow what
:02:55. > :02:58.Beijing is dictating Lotoahea is very much under the party scrutiny.
:02:59. > :03:03.Anything he brings in will be closely monitored. The first thing
:03:04. > :03:07.the government want to do is install that confidence, they are relying on
:03:08. > :03:13.the stock market as being a way for smaller firms to raise money. The
:03:14. > :03:19.Central Bank still lends to the industries which are being reformed,
:03:20. > :03:24.it will take time. As part of that reform, those industries will need
:03:25. > :03:29.to raise money. They will look to the stock market and investors to
:03:30. > :03:34.put that money forward. Stabilisation and opening the market
:03:35. > :03:38.will be his main priority, and underlying that is making it clear
:03:39. > :03:49.to retail investors that markets go up and down. Thank you Andrew.
:03:50. > :03:55.Samsung Electronics are unveiling their next range of Galaxy smart
:03:56. > :04:04.phones. A bring back some features which were removed, to the complaint
:04:05. > :04:10.of many Samsung owners. The company hopes it will bring them into
:04:11. > :04:13.competition with the apple iPhone, but they face some tough
:04:14. > :04:21.competition. We take a look at these new devices. Here is the new
:04:22. > :04:27.flagship smartphone, the Galaxy S7 Edge. They have refined it and made
:04:28. > :04:31.it even more curved, they have made the phone more robust. You can stick
:04:32. > :04:39.it in water for half-an-hour. They have brought back on-board storage.
:04:40. > :04:47.Users wanted that expansion capability. Another bit of a problem
:04:48. > :04:54.with the original, battery life. That has been massively improved.
:04:55. > :05:01.Apart from that, what is different? It looks like a very nice android
:05:02. > :05:05.phone. Beginning to look similar to others, what makes it stand out? You
:05:06. > :05:17.already mentioned the design, battery, expandable memory. I could
:05:18. > :05:21.add the gaming experience, we have a stunning gaming capability. We also
:05:22. > :05:28.have new tools and utilities to share a gaming with your friends and
:05:29. > :05:33.the battery and power will support these propositions. One key thing
:05:34. > :05:41.these days is the camera. Is it any better than any other camera? It is
:05:42. > :05:47.the best camera we have ever manufactured. We have actually
:05:48. > :05:53.increased the brightness of the camera, so that it will take amazing
:05:54. > :06:01.pictures in dark conditions. We have also made it superfast, so that the
:06:02. > :06:07.focus uses a new technology that is implemented for the first time in a
:06:08. > :06:11.smart phone that will deliver extremely fast outer focus. You have
:06:12. > :06:15.had a struggle with some of the previous editions of this phone to
:06:16. > :06:23.make the impact she wanted. Is it about capability or price? A lot of
:06:24. > :06:32.cheap Chinese phones claim to do as much as you do. We introduced the
:06:33. > :06:41.micro- ST for better memory. It is not just a phone, it is much more --
:06:42. > :06:56.micro SD. So, our correspondence bowed to a Samsung representative.
:06:57. > :07:03.Another phone has been unveiled, and a Windows tablet with a detachable
:07:04. > :07:13.keyboard. It is hoped to compete with the iPad. In other Business
:07:14. > :07:18.News, one of South-East Asia's against banks posted a 20% gain in
:07:19. > :07:24.quarterly profit. It beat expectations, coming in at 700
:07:25. > :07:26.million US dollars. The strong results come as the regional banking
:07:27. > :07:34.sector is concerned about the economic slowdown in China and the
:07:35. > :07:37.slumping oil and gas sectors. In virtually every manufacturing
:07:38. > :07:40.industry, you run the risk of being undercut by other countries or
:07:41. > :07:46.companies making your product cheaper. Traditional crafts are
:07:47. > :07:56.usually immune, but in India it is being warned that the intricate
:07:57. > :08:03.embroidery is under threat from Chinese machines. We report on how
:08:04. > :08:07.the craft was born. Creating a beautiful design, one stitch at a
:08:08. > :08:13.time. These are among the hundreds of thousands of skilled women that
:08:14. > :08:19.the industry depends on. It is painstaking work. This woman started
:08:20. > :08:24.the craft when she was just eight years old. This work is very
:08:25. > :08:31.important for us. The money we earn is what helps us run our home. This
:08:32. > :08:37.traditional handiwork is facing competition from designs like these,
:08:38. > :08:41.made by machine. In this shop, they have both varieties. This is the
:08:42. > :08:47.handcrafted work that is made in India, while this fabric is made by
:08:48. > :08:54.machine and imported from China. To the untrained eye, it could be hard
:08:55. > :09:00.to spot the difference. Well this one, the authentic one, is more
:09:01. > :09:04.beautiful, the other could come at a third or a quarter of the price and
:09:05. > :09:13.takes less time to be made. People still come from all over to buy the
:09:14. > :09:16.original, but imported material has eaten into its profit. It has been
:09:17. > :09:25.significant, because the people who want cheap stuff, they are able to
:09:26. > :09:29.get it. On the high end, people who want it for the purpose of
:09:30. > :09:41.bridalwear or for a special occasion or something like that, the impact
:09:42. > :09:47.is really low. That is what this man has realised. This ornate decoration
:09:48. > :09:51.took nearly one year to make and costs about $450. It is the kind of
:09:52. > :10:01.garment his company now specialises in. So far, that is helping keep
:10:02. > :10:06.many of these women in jobs. Before we go, a look at the markets. An
:10:07. > :10:17.interesting start to the trading week. Many countries are waiting for
:10:18. > :10:19.their February industry numbers. Stocks also edged lower as the price
:10:20. > :10:34.of oil slipped. That's Asia for you. Thank you for
:10:35. > :10:35.investing your time