:00:00. > :00:15.Now on BBC News all the latest business news live from Singapore.
:00:16. > :00:25.More uncertainty for the troubled airline. The boss of Malaysia
:00:26. > :00:28.Airlines says he is quitting. And, batting for a scandal free season. A
:00:29. > :00:40.look at how the business of cricket could be profitable in India this
:00:41. > :00:44.year. Good morning, it is Wednesday, glad you could join us for this
:00:45. > :00:49.edition of Asia Business Report. We start with Malaysia Airlines, and
:00:50. > :00:55.the carrier is again looking for a new boss. Christophe Muller was
:00:56. > :00:59.brought in to restructure the airline. He was the first ever non-
:01:00. > :01:02.Malaysian to head the company, but now less than a year into his
:01:03. > :01:07.three-year contract he has announced he is leaving for personal reasons.
:01:08. > :01:13.The airline says he will be heading off in September.
:01:14. > :01:20.Would you consider this a shock exit less than a year in the job and he
:01:21. > :01:22.is leaving? Uncertain the board of Malaysia Airlines think so, they
:01:23. > :01:28.issued a state that yesterday saying they regret to see him go, they are
:01:29. > :01:32.disappointed that he is leaving as CEO but they respect his decision.
:01:33. > :01:36.Essentially it is due to his changing personal circumstances,
:01:37. > :01:42.they say. Of course, he was brought in the year ago, basically, taking
:01:43. > :01:47.the helm as CEO in May 2015, and he was tasked with turning around this
:01:48. > :01:53.airline, which had been loss-making for decades. But who can forget the
:01:54. > :02:01.devastating 2014 or suffered when it lost not one, but two planes. MH370
:02:02. > :02:08.was lost in March of that year, which still remains to be found. In
:02:09. > :02:13.July of that year they lost the MH17, which was shot out of the sky
:02:14. > :02:20.in Ukraine. Mr Muller had a big job on his hands. Indeed, many
:02:21. > :02:26.challenges, but being there over the past year, has he been able to turn
:02:27. > :02:32.around the fortunes of the company? He has a reputation as something as
:02:33. > :02:36.the Terminator. He came from Aer Lingus in Ireland, where he executed
:02:37. > :02:50.job cuts, and this time around he cut about a third of Malaysia
:02:51. > :02:55.Airlines' staff. Essentially, it wasn't really just him, because we
:02:56. > :03:02.had the Malaysian sovereign wealth fund, who paid $1.5 billion for
:03:03. > :03:07.Malaysia Airlines. They basically delisted it and tried to turn it
:03:08. > :03:16.around. The big question now is, who will replace Mr Muller? Will it come
:03:17. > :03:20.from internal sources or will they look outside? The board has
:03:21. > :03:24.indicated they are looking internally and externally, and Mr
:03:25. > :03:29.Muller has indicated he wishes to stay on as a non-executive director,
:03:30. > :03:33.so presumably he will still be able to exert some influence over the
:03:34. > :03:39.changes he has put in place. The company has thanked him, saying he
:03:40. > :03:43.has already laid much of the groundwork towards driving the
:03:44. > :03:47.airline towards profitability. They hope to be profitable again by 2018.
:03:48. > :03:53.And there is a plan to perhaps hit its targets. Trying to buy planes.
:03:54. > :03:57.At the moment, much of the structure is made out of planes that are
:03:58. > :04:01.leased. The aim is to get this airline back on track. Many
:04:02. > :04:11.challenges ahead for Malaysia Airlines. It seems shakeups at the
:04:12. > :04:22.top of the world's largest public companies are at a record high. A
:04:23. > :04:28.study of 2500 businesses found that last year, 70% change their CEO,
:04:29. > :04:33.more than in any of the previous 16 years. Over the past four years in
:04:34. > :04:38.South East Asia, more than 30% of incoming chief executives were hired
:04:39. > :04:42.from outside the business. That is higher than the global average.
:04:43. > :04:47.Earlier, I spoke with a representative from PwC, who
:04:48. > :04:49.conducted the study. I asked him about the high turnover rate when it
:04:50. > :05:00.comes to upper management. This really demonstrates the challenges
:05:01. > :05:07.into modules times we live in. There are myriad of challenges. The
:05:08. > :05:12.opportunity to disrupt markets is as heavy as it has been, and that,
:05:13. > :05:17.combined with short-term results, has made life really challenging.
:05:18. > :05:24.Regional and multinational companies is what they want, short-term
:05:25. > :05:28.results. We are experiencing a global economy that is slowing down,
:05:29. > :05:34.but this still want positive numbers. They do, they want to
:05:35. > :05:38.achieve a certain outcome, and if they have told the market they are
:05:39. > :05:43.going to they have two or the market is tough on them. In the past four
:05:44. > :05:45.years, CEOs in South East Asia have been outsiders. Our company is
:05:46. > :05:50.looking for new ideas that they could infuse into their business?
:05:51. > :05:53.That is exactly right. What we are seeing is, given the changes in the
:05:54. > :05:58.market, the possible disruptions that are happening, CEOs have
:05:59. > :06:03.different types of experience to traditional CEOs. And we are seeing
:06:04. > :06:06.that companies are trying to become more regional and global, and they
:06:07. > :06:11.are looking for different experiences. That is driving a
:06:12. > :06:13.search outside of the current organisations. Is there an issue
:06:14. > :06:20.right now about the succession rule? There is a lack of grooming
:06:21. > :06:23.from within the corporate structure? Generally we are seeing an area
:06:24. > :06:26.where there is a lot of opportunity for improvement. There is a much
:06:27. > :06:30.more deliberate approach to succession planning. They can
:06:31. > :06:35.nurture talent from within the business. That will give them the
:06:36. > :06:39.most opportunity to have a set of people who could take on the role of
:06:40. > :06:45.the CEO. I am quite concerned about this share of incoming CEO is
:06:46. > :06:49.falling by 2.8%. Why is there not enough gender equality? This is a
:06:50. > :06:54.global problem, not just regional. It seems to indicate that
:06:55. > :06:57.organisations are not focused enough on nurturing all the talent within
:06:58. > :07:06.their organisation. There needs to be an explicit focus on growing
:07:07. > :07:16.women in the organisation to become the CEO. US chipmaker Intel has cut
:07:17. > :07:19.12,000 jobs, 11% of its workforce, around the world. The cuts will be
:07:20. > :07:24.completed by next year and will provide the company with over $1
:07:25. > :07:28.billion in savings. Intel says it needs to reorganise the business due
:07:29. > :07:33.to falling sales of personal computers. Fresh data from Japan
:07:34. > :07:37.this morning revealing a 6.8% drop in exports for the month of March
:07:38. > :07:42.when compared to the same time last year. The fall in demand for
:07:43. > :07:48.Japanese goods is mainly due to a slowdown in China, and the emerging
:07:49. > :07:57.markets. The world's biggest, richest cricket tournament, the
:07:58. > :08:04.Indian Premier League, is under investigation. Have the organisers
:08:05. > :08:09.done enough to restore the image of the IPL and make it profitable for
:08:10. > :08:14.the teams involved? New teams joining India's Premier
:08:15. > :08:18.League is a bit of a rarity, so the Gujarat Alliance are training hard
:08:19. > :08:27.to make an impression in their debut season -- Lions. During the three
:08:28. > :08:32.hours of intense cricket, fans will be packed into the stands. Driven by
:08:33. > :08:39.enthusiasm of the local crowd, organises expect the stadium to be
:08:40. > :08:47.sold out. The Lions, and another team, have replaced to franchise is
:08:48. > :08:57.kicked out over a max ash max match fixing scandal. The owners of the
:08:58. > :09:10.new club think the IPL is well on the way to cleaning up its image.
:09:11. > :09:16.The idea should be to identify the problem and stop it. These new
:09:17. > :09:22.franchises are playing because of proactive measures that the BCCI
:09:23. > :09:31.have taken. Scandal aside, the Lions also have to figure out how to make
:09:32. > :09:34.money. Media rights and sponsors have helped them earn millions of
:09:35. > :09:39.dollars, but the teams have consistently run at a loss despite
:09:40. > :09:49.high ratings. Some think the business format needs to change. The
:09:50. > :09:57.future structure of this sport is the DNA of the sport in this
:09:58. > :10:04.country. It is a huge brand. Think about Manchester United, that brand
:10:05. > :10:20.is alive and spectators are paying a lot, but IPL is not. This team is a
:10:21. > :10:27.scandal free season and some savings to prevent it taking a real bashing.
:10:28. > :10:29.Thank you for investing your time with us,