Browse content similar to 17/08/2016. Check below for episodes and series from the same categories and more!
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Team GB has won more golds in Rio, cementing its number two spot in the | :00:07. | :00:19. | |
medal table. Jason Kenny and Laura Trott | :00:20. | :00:20. | |
take their gold-medal tally to ten, The US continue to top the medal | :00:21. | :00:23. | |
table in the Rio Olympics. There was a fourth title | :00:24. | :00:29. | |
for gymnast Simone Biles, staff at a Chinese magazine have | :00:30. | :00:32. | |
gone to court to try to challenge what they call the illegal takeover | :00:33. | :00:36. | |
of their publication by authorities. They allege they have been shut out | :00:37. | :00:38. | |
of their own offices. And this story is | :00:39. | :00:41. | |
trending on bbc.com. Chinese actor Wang Baoqiang has | :00:42. | :00:44. | |
become a top trend in China after divorcing his wife, | :00:45. | :00:48. | |
accusing her of having an affair The top story in the UK: the radical | :00:49. | :01:20. | |
British born preacher Anjem Choudary has been convicted of supporting | :01:21. | :01:24. | |
Islamic State. Another man has been convicted of the same offence. | :01:25. | :01:26. | |
Now it is time for Asia Business Report. | :01:27. | :01:35. | |
Cleared for take-off. After a 10-year wait, Indonesian airlines | :01:36. | :01:42. | |
get the green light to fly into the United States. And protecting New | :01:43. | :01:46. | |
Zealand's all-important farming industry. We speak to the minister | :01:47. | :01:50. | |
who will spend millions on getting rid of these little creatures. Good | :01:51. | :02:02. | |
morning, Asia. Hello, world. It is a Wednesday. Glad you could enjoy join | :02:03. | :02:08. | |
us for this edition of Asia Business Report. I am Rico Hizon. Regulators | :02:09. | :02:13. | |
have given Indonesian airlines clearance to fly into the US again. | :02:14. | :02:18. | |
They were banned in 2007 after a downgrade mainly due to safety | :02:19. | :02:21. | |
concerns following several crashes. Will the approval help repair the | :02:22. | :02:25. | |
reputation of the Indonesian carriers? Our correspondent explains | :02:26. | :02:33. | |
the airline's long haul flights to the milestone. It is not really | :02:34. | :02:37. | |
entirely surprising. They have been working for several years to improve | :02:38. | :02:41. | |
things around safety oversight, documentation and training. So it | :02:42. | :02:45. | |
has been a long, hard effort but there have been setbacks, notably | :02:46. | :02:49. | |
recent crashes and incidents in the last few years. So the difference | :02:50. | :02:52. | |
between the FA approval and the approval of the European... Is that | :02:53. | :03:00. | |
a blanket approval in the US, while in Europe it is basically depending | :03:01. | :03:06. | |
on the airline? That's correct. In Europe they will cherry pick | :03:07. | :03:16. | |
airlines, so Garuda Indonesia and Lionair have been taken off the | :03:17. | :03:20. | |
blacklist, but in the States it is a blanket ban on. Indonesian airlines | :03:21. | :03:24. | |
are free to fly to the US and in addition can form partnerships with | :03:25. | :03:28. | |
US carriers including co-chairs and that kind of thing. So is this a | :03:29. | :03:33. | |
game changer for the Indonesian aviation industry? It is certainly | :03:34. | :03:37. | |
important because it removes I guess the Scarlet letter of Category 2 | :03:38. | :03:40. | |
backstabbers. Category 1 is where you want to be as a respectable | :03:41. | :03:44. | |
member of the aviation community. That said, I think it is going to be | :03:45. | :03:47. | |
a struggle for Indonesian carriers right now to compete in US routes | :03:48. | :03:52. | |
because Indonesia is quite far from the US and it is quite competitive. | :03:53. | :03:57. | |
So it won't really add much to the bottom line of a Garuda Indonesia or | :03:58. | :04:02. | |
a Lion Air when they fly to the United States? Lion Air will | :04:03. | :04:05. | |
probably not be doing it for quite awhile because they don't have the | :04:06. | :04:08. | |
aircraft. Garuda Indonesia have said they very seriously would like to | :04:09. | :04:12. | |
fly to the United States via Japan. Were they to do so, they would enter | :04:13. | :04:16. | |
a very competitive market and it would be quite challenging for them | :04:17. | :04:20. | |
to make money here. The real legacy of this would be Garuda Indonesia | :04:21. | :04:23. | |
could partner with its sky team member Delta and work together on | :04:24. | :04:29. | |
co-chairs and that sort of thing. But Indonesia has a population of | :04:30. | :04:32. | |
more than 200 million people. Can't they use that as they ace, | :04:33. | :04:38. | |
basically, as a gateway to the United States? -- base. It is quite | :04:39. | :04:44. | |
possible, it is certainly possible that Garuda could launch direct | :04:45. | :04:48. | |
services to the States. They haven't talked about this and it could be | :04:49. | :04:51. | |
some years down the road. Getting Category 1 approval could be in the | :04:52. | :04:54. | |
long-term quite significant for them but it would be hard to make money | :04:55. | :04:58. | |
for them. They could make a go of it at some point. China's State Council | :04:59. | :05:08. | |
has approved a new link between its tech heavy Shenzhen and Hong Kong | :05:09. | :05:13. | |
stock exchanges. Limits on how much foreigners can invest in Chinese | :05:14. | :05:16. | |
stocks would be scrapped but there would be a daily cap of $2 billion | :05:17. | :05:19. | |
on the amount of money coming into Shenzhen. The dollar and the | :05:20. | :05:25. | |
Japanese yen will be at the forefront of investors' mines this | :05:26. | :05:28. | |
morning after the dollar fell to as low as 99.54 yen overnight. This is | :05:29. | :05:35. | |
the first time it has gone through the 100 yen mark since the aftermath | :05:36. | :05:39. | |
of the UK's vote to leave the European Union. The dollar also | :05:40. | :05:42. | |
weakened against the euro. Let's give you an update on where they | :05:43. | :05:45. | |
stand at the moment. The dollar yen cross rate at 100 .42. The euro and | :05:46. | :05:55. | |
yen at 113. The Aussie dollar at 77 cents in the US Singapore dollar at | :05:56. | :06:02. | |
1.33. Agriculture is one of the main pillars of the European economy, and | :06:03. | :06:07. | |
that is why the government there is spending around $20 million on | :06:08. | :06:10. | |
protecting it. Not in subsidies or trade tariffs but an eradication | :06:11. | :06:15. | |
programme to get rid of predators like rats and feral cats. New | :06:16. | :06:19. | |
Zealand's conservation Minister told me why it is so important. | :06:20. | :06:25. | |
Introduced mammalian predators are one of the most significant problems | :06:26. | :06:30. | |
that we face. We are an economy that relies on primary industry, our | :06:31. | :06:33. | |
predators cost us an estimated $3.3 billion in terms of lost | :06:34. | :06:37. | |
productivity, and introduced weeds cost a further $1.3 billion. For | :06:38. | :06:43. | |
every day that passes, that will cost us more. The big problem with | :06:44. | :06:46. | |
primary industry is that possums in particular spread bovine | :06:47. | :06:50. | |
tuberculosis, which renders our cattle as carriers of this disease. | :06:51. | :06:55. | |
So we spend about three quarters of the money we spend on it in trying | :06:56. | :06:59. | |
to keep this disease from crossing over into other species. That is why | :07:00. | :07:05. | |
it is such a vital goal to achieve. That is a huge loss to the economy, | :07:06. | :07:10. | |
more than 3 billion US dollars but critics are saying this programme | :07:11. | :07:14. | |
could be an ecological blunder. The intention is to unrealistic, | :07:15. | :07:19. | |
bordering on the irrational. It is not irrational and you always have | :07:20. | :07:22. | |
the lunatic fringe that come in and try and destroy a vision, with no | :07:23. | :07:29. | |
science, no backing and a lot of emotive nonsense. We don't pay | :07:30. | :07:31. | |
attention to that. We go for evidence based. And at the moment | :07:32. | :07:37. | |
what we can see is that this is an achievable goal. My Department of | :07:38. | :07:42. | |
conservation has already cleared 150 offshore islands of predators and we | :07:43. | :07:46. | |
are doing very well. And we have confidence that with the elegy | :07:47. | :07:50. | |
gains, with science and innovation, that we will be able to reach these | :07:51. | :07:55. | |
goals -- technology gains. We are involving community level groups to | :07:56. | :08:00. | |
make their communities and areas of predator free and we believe that | :08:01. | :08:04. | |
with staged outcomes we will be able to achieve predator free by 2050 | :08:05. | :08:09. | |
goals. The government is saying that you will only be spending around 20 | :08:10. | :08:14. | |
million US dollars to start this whole initiative. But there are some | :08:15. | :08:19. | |
groups that are saying it could cost in the billions, costing the | :08:20. | :08:24. | |
government much more, into the billions of dollars. And this could | :08:25. | :08:28. | |
hurt the Budget going forward. The $28 million that we have invested as | :08:29. | :08:33. | |
an initial investment in predator free New Zealand will be matched by | :08:34. | :08:37. | |
philanthropic, business and other partnerships. For example, one of | :08:38. | :08:42. | |
the groups that we have in New Zealand has invested $100 million | :08:43. | :08:48. | |
over ten years in predator control and other conservation initiatives. | :08:49. | :08:51. | |
The people in New Zealand understand that this is a problem we need to be | :08:52. | :08:56. | |
able to solve together. It is by working together collaboratively, | :08:57. | :08:59. | |
along with science and research, and all New zealanders, that we will | :09:00. | :09:05. | |
achieve this goal. That was New Zealand's conservation Minister | :09:06. | :09:07. | |
Maggie Barry. Asia's growth rate compared to the rest of the world | :09:08. | :09:12. | |
may stand out there is one downside. Companies moving to the region take | :09:13. | :09:15. | |
advantage of that growth often cannot find the right employees or | :09:16. | :09:20. | |
talent to fill their needs. We find out what one multinational companies | :09:21. | :09:25. | |
doing to address the shortage. It may look like fun and games, but | :09:26. | :09:30. | |
there is something very serious at work here. Gary is a part of it, a | :09:31. | :09:36. | |
young employee at a big multinational firm who is here as | :09:37. | :09:39. | |
part of a leadership training programme. Our day-to-day work is | :09:40. | :09:44. | |
all about work, but here they give us an opportunity to really | :09:45. | :09:48. | |
understand yourself more, about your career passion. And I know more | :09:49. | :09:55. | |
about my role in this company, and also about how it can benefit my own | :09:56. | :10:03. | |
career. The company providing best training is pharmaceutical giant | :10:04. | :10:07. | |
GlaxoSmithKline, who are investing considerable resources here. Asia is | :10:08. | :10:13. | |
a really important growth area for us. I think we signalled that when | :10:14. | :10:18. | |
we announced we were going to build a new headquarters in Singapore for | :10:19. | :10:21. | |
all of Asia. At just building a building is the answer. It is about | :10:22. | :10:24. | |
the people we put in the building. What we want to do is have people | :10:25. | :10:28. | |
running Asia from Asia who understand Asia. So these talent | :10:29. | :10:32. | |
programmes are all about building the capability for people to do just | :10:33. | :10:37. | |
that. They are unusual in their approach. Many other firms are | :10:38. | :10:43. | |
struggling. Skyscrapers in Singapore's financial district, | :10:44. | :10:45. | |
Housing corporate firms, that need to fill them up with employees. But | :10:46. | :10:50. | |
just how to find them and hang on to them is a challenge. According to a | :10:51. | :10:55. | |
recent survey most employers in Asia say they are more likely to hire an | :10:56. | :11:00. | |
expensive expatriate, because they say there is a shortage of | :11:01. | :11:04. | |
candidates in key sectors such as engineering, finance, accountancy | :11:05. | :11:08. | |
and human resources. Of employers reporting difficulty in filling | :11:09. | :11:12. | |
jobs, the highest percentage of them are in Asia, well above the global | :11:13. | :11:16. | |
average. The younger demographic and continued economic growth are Asia's | :11:17. | :11:21. | |
deke assets but when it comes to finding the right talent it can also | :11:22. | :11:26. | |
be a big disadvantage. Which means scenes like these are going to | :11:27. | :11:29. | |
become more commonplace in offices around the region. Let's have a | :11:30. | :11:36. | |
quick look at the markets. Asia is mixed in early we can trade, after | :11:37. | :11:41. | |
equities fell and comments by the Fed regulators could raise interest | :11:42. | :11:46. | |
rates as early as next month. The Nikkei 225 is up due to gains in the | :11:47. | :11:50. | |
energy sector. Thank you so much for investing your time with us. | :11:51. | :11:54. |