12/07/2016 Asia Business Report


Live from Singapore, the essential business news as it breaks and a look ahead to the news that will shape the business day.

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


Before the big split. Better expected quarterly earning.


And the alternative solution for trash. We look at technology that


converts waste into water. Good morning. Welcome to Asia


Business Report from Singapore. The world's if aluminium maker has


kicked off the earnings season in the US again with an -- and has


exceeded expectations. It posted revenues of $5.3 billion and net


income of $135 million, down slightly from one year earlier.


Shares were higher than more than 3% in after-hours trading. There has


been an upturn in the commodities market. The company is expected to


be split into two macro publicly traded businesses before the end of


the year. -- two. Earlier I asked whether this is a strong result.


Certainly when you look at its last result as a single company it was a


good one. We did see the company report nine US cents per share which


was broadly in line with the consensus. At where the market did


get surprise was that we saw revenues come in at 5.3 billion. So


they're -- there was some joy taken out of that. We have a look at the


results themselves they gained about $237 million from cost savings,


about $50 million from borrowing. So overall as you suggest the market


was very pleased with the result and I think one thing was that they


generated about $800 million worth of sales of the 1.2 yen dollars that


they are expecting and the market will like that figure as well. --


$1.2 billion. There is an airshow on this week in


south England, the biggest gathering of the deal for the global airspace


and defence industry. One country now storming into the market is


China. It has been developing cut-price arrivals to the airliners


and drones produced in the West. China wants to increase earnings


from aircraft building tenfold to $150 billion a year. How can it be


so hopeful? Let's have a look. Over the next few days at


Farnborough tens of millions of dollars of deals are expected to be


done, so we will review all of the latest from the trade show on BBC


News. Malnutrition is still a major


problem in India so it is perhaps surprising that many Indians are


actually overweight. In fact, obesity has become such a concern


that one state has now proposed a so-called fat tax on restaurants


that sell fast food to try to make people more health-conscious. But


some wonder if it is the best approach.


Grabbing your favourite pizza or biting into a burger is about to get


more expensive in this part of India. Terre la fans do impose a tax


on fast food sold by restaurant chains. -- Kerala. It's a so-called


fat tax. Something already tried in places, including Hungary and


Denmark, to try to put people off eating so much junk food. But


reactions have been mixed. When people are not taking care of their


health the government is taking some initiative, so that people go back


to the food that helps their diet. And diseases are just spreading


because of the junk food. I don't think it will do much. Because those


interested will still go after what they want. It doesn't matter. Kerala


has the second-highest level of obesity and the government is using


that reason to justify its plan to put an extra tax on restaurants like


McDonald's, dominoes and Pizza Hut. They say these other things making


people fat and they hope I prices will make think twice. But popular


local dishes, like banana fry, that are high in calories, will not come


under the new tax rule, which means some are seeing this as an attack on


multinational food chains, rather than just obesity or other


illnesses. The government has defended the plan, many food experts


think that taxing food is not the right approach. I don't think it is


right. It won't have any impact on the health status of people,


especially in Kerala. It will just fill the coppers of the government.


The emphasis should be on awareness. People should be made aware of off


the side-effects or bad effects of eating high calorie food. Whether it


is what they eat or a lifestyle that lacks exercise, one in five Indians


is now overweight or obese. But with access to Western-style fast food is


still relatively new here, and many still seeing it as a status symbol,


this is a new tax many will find hard to swallow.


From fat tax to food waste, because dealing with waste is a huge problem


around the world, especially acute in small countries like in


Singapore. Millions of tons of rubbish are disposed each year and


hundreds of thousands of tons of that is food waste. We have a look


at one initiative aimed at converting the waste to good use.


Singapore's most iconic resort is home to dozens of restaurants,


hundreds of hotel rooms, a casino, shops and a convention centre. And


all that means loads and loads of food waste. They won't say how much


food they think is thrown out here every day, but suffice to say it's a


lot. It is in -- in an effort to combat the problem it has installed


five food digesters, which are turning some of that waste into


water. Let's see how they work. We generate a lot of pre- consummate


Prep food waste because of the volumes we have. Last weekend we had


14 weddings and we were full house. 2600 rooms filled. Because of that


we can digests, or we have today just, up to 2500 kg every day of


clean, segregated food waste. All you have to do is segregated, we


then put it in a machine and it comes it inside. There are enzymes


and bacteria cocktail that digests of the food. -- the food. It is like


a giant, mechanical stomach and the other end comes grey water, or at


least it will be once the pulp has separated out of it. But elsewhere


in the city that technology is being taken a step further. The rapidly


growing company Eco-Wiz believes it has the edge. A number of items can


go in the system, so we use the biotechnology to decompose food


waste into sterile water and we have our own technology to turn the water


into reusable water. The water you can either use to water plants or


you can use it to rinse bins or even mop the floor. We have a customer


who uses our recycled water to mop their stall. But still the majority


of Singapore's hundreds of thousands of annual food waste is sent to


landfill and incinerated. And with clear implications for the


environment, the push is on for more companies to look for alternatives.


Let's have a look at the Asian markets this morning. Japan's Nikkei


is extending the game from Monday, when it rose by 4% because of that


landslide victory by the Prime Minister in parliamentary elections


and the promise of further stimulus. That's it for this edition of Asia


Business Report. Thanks for watching.


Angela Eagle, the former shadow business secretary,


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