07/07/2016 Asia Business Report

was rejected by members earlier this week. More from hours later, but

first we have all of the business news with the Asia Business Report.

The effects of a plunging currency reverberates across Asia. Juggling

several jobs with family, how does this celebrity doctor do it?

Welcomed the Asia Business Report. The vote to Leave the European Union

is affecting many areas in the UK. Let's take a look at the pressure

this is happening on the sterling -- Let's take a look at how all of that

is impacting us here in Asia. Most currencies here have been affected,

including the Japanese yen, which has climbed in value, hurting

exporters. At the same time, the Indonesian currency has fallen, as

well as the Chinese and Korean dollars. There are several layers to

what's going on, but primarily, risk aversion is being created with the

wrecks it. It is playing into the hand of the yen, using that as a

defence Hege against the volatility of Europe. You are also seeing the

negative impact of the stronger dollar, another safe haven currency.

Currencies such as the Indonesian and Malaysian currencies are seeing

the effects. The Japanese yen is seen as a safe haven, but Japanese

officials don't like the fact it is strengthening and have insinuated

they will intervene to weaken it. Yesterday, Chinese authorities said

the currency at its lowest rate against the US dollar. So banks are

paying very close attention. How does this affect trading partners?

China is very concerned about their export market, it appears they are

intentionally allowing the currency to weaken as a defence mechanism. As

a defence against regional competition as well. In Japan, it is

worrying, because as the yen gets stronger it impacts the stock

market. The central banks are very concerned about this. They have made

intervention threats. But nothing has actually come through. Even when

the dollar and the yen dropped below 100, there was no intervention. The

markets are sitting back and waiting for the stimulus measures coming out

Japan to see how they will react. So I think there is this idea of

protection, and we will see what Japan comes out with. They will

consult with the government fiscal programme. There are hopes that

there will be a lot more central bank interventions across the world.

There are concerns about Hong Kong's economy? The Hong Kong economy,

given its close links with the mainland economy, we are seeing

global economic headway is... With the Brexit fallout, there is a

perception that could be additional headwinds. By proximity and their

mutual exports, there should be some way off for the Hong Kong market is.

In other news, Samsung has flagged a better than expected performance for

the second quarter next to cost-cutting and sales of its latest

smartphone. The company is forecasting an operating profit of

$7 billion, a 17% jump from the same period a year earlier. The company

will post a detailed quarterly report card at the end of the month.

The UK's vote to Leave the EU is prompting many European companies to

rethink their corporate strategies. That is making Asia look far more

attractive as a potential hub. Food handler operates in a number of

European cities and has its headquarters in Berlin. I spoke to

the CEO and asked about the impact of the Brexit. It is one out of many

recent events that could foster more thoughts of separation. This might

have an impact on the attractiveness for employees to come to Europe and

for Europe as a hub for companies and fostering entrepreneurship.

Other companies want to attract investments, and we believe many of

the Southeast Asian countries all countries such as Russia may take

advantage of this attract people and foreign investment. What would be

bottom line that would prompt you to move your headquarters out of

Europe? I think if the trends continue of intolerance and...

Uncertain regions of... An increase in racism to an extent, a lack of

respect for foreign cultures, I think all of that will make it more

difficult for us going forward to attract talent that we need to

recruit from abroad. If the EU doesn't do enough to attract foreign

employees and create a positive environment, it would be a pragmatic

decision to say we will move to a city or country where there is a

different structure, a different political environment for getting

access to highly qualified employees. Most of us, the local

doctor is a person we see when we are sick. But in the case of one

Australian GP, she is a doctor, celebrity, consultant and writer. We

have been finding out how people landed there dream jobs, and we

asked this doctor how she became a celebrity doctor.

I have wound up with this crazy career that involves teaching, I

teach at a university, I harassed a pod cast for doctors, I am a

television doctor, I am still a columnist for about four magazines,

I am a consultant, a speaker, a board director and I own my own

company with my husband. We create anti-ageing skincare. A Finnish

school, went to university, I was doing very well in medicine. Then I

had children, like many other women. I came across... I couldn't get to

work because my children were permanently sick. I was thinking, I

have to do something else, because this is impossible. I went back and

did journalism. I was writing, everything was going fine. And then,

sadly, I got divorced. That was quite a big trauma in every way. One

big way was that I needed to earn a lot of money, and I wasn't going to

earn it doing what I was doing. I saw an ad in the financial review

that said, experience with media and health, and I was like, I do media,

I do help. I got on the phone and the guy said, this job is not really

for a mother. It is too full and. And I was like, really? I pressed

send on my CV. It took me a long time to get the confidence to do

consulting, then I started doing it more frequently -- full-on. In 2012,

we started an evidence -based anti-ageing skin-care range. We seen

so many small businesses run ahead of themselves because they have

these great ideas, they rush to quickly into the next phase and port

their cash flow. We've been very careful to retain every aspect of

our brand by making sure we never ever squeezed our cash flow. Four

years later, it is going gangbusters. I was in the right

place at the right time, I am very lucky. That has probably accounted

for 90% of what I do. I have a huge amount of energy, which is very

lucky for me. I don't get tired. I am an enthusiast, I naturally really

like people. Every opportunity that comes my way, I feel so blessed that

that happened to me. Taking a look at the markets before

we go. We are seeing gains in Australia due

to Wall Street rising yesterday. That is all for this addition of

Asia Business Report.