30/05/2016 Asia Business Report

Now on BBC News all the latest business news live from Singapore.

They may have football star Lionel Messi on their side, but will it be

enough to rave up the fortunes of the company. We will be speaking to

the boss following new jumps in profits.

Good morning, Asia, hello, world. It is a Monday, glad you could join us.

We start off with the Indian carmaker which has been stuck in

reverse suffering heavy losses and disastrous sales at the company's

luck could be changing. It will unveil its latest earnings report

later today. The hatchback in sales and growing and sales in China are

up and stocks have surged since 30%. I spoke to an expert and asked if it

would turn their fortunes around. It is a key factor. I think as a group,

they have performed exceptionally well both internationally and

domestically. 85% of revenue is brought because of new

introductions. They arrive back on track and all the big markets like

Europe and North America, and China, are doing quite well. While we are

seeing a surge in Jaguar and Land Rover in the mainland when the

economy is slowing down and you also have the leadership damping down on

government officials purchasing luxury goods? That isn't right. The

global market is slowing down, especially in China but Jaguar has

resolved the problem by localising production. This year we can hear

from them about localising productions like Jaguar XE. Can the

sales numbers be sustained going forward? Definitely. Because of

localisation. We can really see it Jaguar being one of the growth

engines in the coming quarters. What about Lionel Messi? Is the helping

sales? Yes, it looks like it is. It has been launched in the domestic

business and it looks to be back. It looks like Lionel Messi is working

for them. Despite economic uncertainty sweeping the region,

airlines are booming and AirAsia, the budget carrier, reported profits

increasing sixfold. The founder and chief executive of joints meet wide

web can from Kuala Lumpur. Later you could join us. Why is AirAsia doing

so well when the economies of Malaysia and Indonesia, the key

markets where you operate are struggling? A couple of things.

Firstly, we are the beneficiary of a slowdown. People cut costs. So when

we are kind of in a good position. Secondly, we are riding the tale

winnner INAUDIBLE. Your operation in the Philippines has been bleeding

and you have been struggling in the market over the past few years, are

you planning to give up on the Philippine market? We are making

good progress of their. We have reduced losses and are looking to

make credibility in the next quarter. We are very successful in

China. Challenging times for the Indian air market, when AU expecting

a turnaround? -- when are you? We are expecting we are on course. We

are hoping probability is not too far away, probably this year

sometime. AirAsia X - are you better off with a short or long haul?

People said the long haul does not work at current events proved them

wrong with that fantastic performance of 100 million in the

first quarter. It is really AirAsia on steroid. It has increased and

become very profitable. It really looks like AirAsia now. Crude prices

have gone up by 80% from its lowest - above $50 per barrel. At which

price point will they start putting pressure on your airfares? Well,

60-70 will see a fuel surcharge but, really, we are still looking at 50.

Glad you could join us live via WebCam. In other business news,

Japanese Finance Minister says that there should be a general election

so that Japanese people could have a say in a new tax coming in to effect

next April. The government said the Prime Minister Shinzo Abe plans to

Prime Minister Shinzo Abe plans delay the increase by 2.5 years.

South Korea's central bank has new data suggesting they are starting to

feel more bullish. The survey index climbed to 72 for June after

registering 69 in May. It is now at its highest level in seven months.

It is the third straight month the index has increased. Now, for most

of us, the idea of giving up the day job to build a boat and sail off

into the sunset is just one of life's unfulfilled dreams but one

sale has not only managed to sail around the world several times but

he has also financed it. He published books of his adventures.

He explains. (MUSIC PLAYING). Everytime I had to

make a major decision in life, particularly in business, I asked

myself this question - does this decision-making freer or less free?

I opted for the freedom sometime I had to trade serious money to go for

the freedom but in the longer run, I had evolved myself to not have to

pay attention to anybody else's rules but just my own. This boat, I

do not think of it just as a boat is a magic carpet. The world is

smallest country. I am the king of my tiny sovereign nation. SINGS. I

gives the work for a giant publisher that had 500 employers. It was hard

to turn that ship publishing around. Reduce that company down to a little

40 foot company named after my yacht and I was able to turn around that

very quickly, responded to the demands of the market. I take my

zest for living, package it between my pages, zip it off to the Internet

and soon I collecting royalties that anyone in the world can buy over the

Internet instantly. Our vessel is not just our business, our home, our

recreation, it is the entire lifestyle. When I wake up and smell

the salt air, I think to myself, this is the life. SINGS. Happy

life, sailing the seas. Having a quick look at the markets. Hopefully

we will have some happy investors to date and, as you can see, currently

Japan and Australia in positive territory after US stocks were in

positive territory on Friday after Janet Yellen implied rates could be

lifted soon. Thank you for joining us. See you again soon.