Browse content similar to 14/09/2016. Check below for episodes and series from the same categories and more!
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years earlier than expected. She was to oversee the replacement of the | :00:00. | :00:00. | |
BBC trust with the new board. More later, but let's catch up now with | :00:00. | :00:00. | |
the latest business news in the Asia Business Report. | :00:07. | :00:16. | |
Myanmar 's leader heads to Washington. Could the sanctions | :00:17. | :00:25. | |
finally be lifted? And the Indian answer to what SAP. How the company | :00:26. | :00:36. | |
is making money. Good morning Asia. Hello, world. It is Wednesday and we | :00:37. | :00:42. | |
glad you could join us for this midweek edition of of Asian business | :00:43. | :00:48. | |
week. Let's kick off in my and March and the de facto leader begins a two | :00:49. | :00:58. | |
week tour to be United States. There are hopes that the Obama | :00:59. | :01:03. | |
administration will ease sanctions. When most countries lifted all | :01:04. | :01:07. | |
suspended sanctions against me an mark the United States kept many in | :01:08. | :01:12. | |
place. There are targeted sanctions on individuals and companies that | :01:13. | :01:15. | |
are closely connected to the military. There are about 100 on | :01:16. | :01:20. | |
that list including the current vice president. Then there are | :01:21. | :01:25. | |
restrictions on the import of gemstones. Jade and Ruby because the | :01:26. | :01:31. | |
companies to mind them are almost all connect to the military. There | :01:32. | :01:38. | |
are US companies here such as Coca-Cola and Gap that the US was | :01:39. | :01:44. | |
tight restrictions on who those companies can do business with. The | :01:45. | :01:52. | |
US will be seeking to balance rewarding the democratic transition | :01:53. | :01:55. | |
that has already taken place and keeping leveraged over the army to | :01:56. | :01:58. | |
encourage further progress. Dyson, the company who some would | :01:59. | :02:10. | |
say reinvented a vacuum cleaner, does more trade with the rest of the | :02:11. | :02:14. | |
world than it does with Europe. It is no surprise then that the | :02:15. | :02:20. | |
companies leader is in support of Britain leaving the EU. He has been | :02:21. | :02:24. | |
telling our economics editor why he is not too concerned about Britain's | :02:25. | :02:28. | |
relationship with the rest of the EU. They sell ?100 billion worth of | :02:29. | :02:35. | |
goods more to us than we do to them. They will not block British imports. | :02:36. | :02:40. | |
Even if they did put in import duty on, it is a comparatively | :02:41. | :02:45. | |
insignificant amount. I am not worried about that. We get along | :02:46. | :02:49. | |
well with Europe and we export to Europe. That is 16% of our global | :02:50. | :02:55. | |
market. Europe is 15% of general trade throughout the world so we are | :02:56. | :03:00. | |
nicely balanced. There are very exciting markets outside of Europe. | :03:01. | :03:04. | |
The Far East which is expanding at a phenomenal rate. We are happy to be | :03:05. | :03:08. | |
globally -based and not focused in Europe. Europe is a good market for | :03:09. | :03:15. | |
us, it has grown quite fast. I am not complaining, it is nice market | :03:16. | :03:19. | |
for us and we have fantastic employees in Europe at half it is | :03:20. | :03:26. | |
only 15% 15% of global trade. -- bike it is only 15%. You can hear | :03:27. | :03:32. | |
more on the BBC website. You can catch a glimpse of the | :03:33. | :03:47. | |
Eiffel Tower in Macau. It is an attraction in the world 's largest | :03:48. | :03:53. | |
gambling hub. Corinthian themed resort cost 3 billion dollars to | :03:54. | :03:57. | |
build. It also houses the convention centre and attractions for children | :03:58. | :04:02. | |
in and attempt to lure holidaymakers are the than hard-core gamblers. | :04:03. | :04:07. | |
Gambling revenue has taken a hit over the last few years as China | :04:08. | :04:12. | |
clamps down on lavish spending. They are confident however that things | :04:13. | :04:19. | |
will pick up in Macau. Domestically we have hit the bottom. Now is it | :04:20. | :04:24. | |
sustainable for long time to come? I cannot answer that. But he's upon | :04:25. | :04:30. | |
the pre- bookings we have, based upon the convention bookings we have | :04:31. | :04:36. | |
I think we have essentially hit the bottom. In the business news, the | :04:37. | :04:44. | |
former boss of American insurer and sty giant AIG will go on trial in | :04:45. | :04:49. | |
New York this week more than ten years after civil charges were | :04:50. | :04:54. | |
filed. The 91-year-old is accused of engineering bogus transactions to | :04:55. | :04:57. | |
hide the company's financial difficulties. His charge alongside | :04:58. | :05:04. | |
the formal CFO how would Smith. Both have denied the allegations. This is | :05:05. | :05:12. | |
India's answer to What'sApp. It secured a fresh round of investment | :05:13. | :05:18. | |
including from the owners of the successful chat programme in China. | :05:19. | :05:26. | |
But even with millions of users, how will it for Philips potential? We | :05:27. | :05:34. | |
put that question to the founder. -- fulfil its potential. | :05:35. | :06:22. | |
We need to spend the next few years figuring out what our programme will | :06:23. | :06:31. | |
be. That will define what sort of business will work. It is too | :06:32. | :06:36. | |
premature to thrust to guess at what the future will be. It may be, is, | :06:37. | :06:41. | |
payment, will virtual economy, we do not know. -- may be, commerce. | :06:42. | :06:57. | |
Sooner or later, connectivity will become more affordable. We can see | :06:58. | :07:06. | |
that two G usage is declining for the first time. Four G use is | :07:07. | :07:14. | |
increasing. If you fast forward by a year, what will happen? That was the | :07:15. | :07:22. | |
chief executive of hike messenger. In just over one week, more than 300 | :07:23. | :07:30. | |
people have tested positive for the Zika virus in Singapore. Thailand is | :07:31. | :07:36. | |
also reporting a spike in cases. It has been linked to severe birth | :07:37. | :07:40. | |
defects. Here in Singapore it has led to a run on insect repellents | :07:41. | :07:45. | |
and many shops have struggled to keep up with demand. We went to | :07:46. | :07:49. | |
speak to an entrepreneur who recently developed a new anti- | :07:50. | :07:50. | |
mosquito formula. Singapore now has hundreds of cases | :07:51. | :07:58. | |
of Zika virus. Authorities are fumigating and mosquito repellent is | :07:59. | :08:02. | |
flying off the shelves. For some companies it presents an | :08:03. | :08:05. | |
opportunity. I am here with the director of one of those companies, | :08:06. | :08:10. | |
Theodore Khng who makes his own natural repellent. Can you tell us | :08:11. | :08:16. | |
about what you have on this table? These products, especially the | :08:17. | :08:24. | |
mosquito repellent, are manufactured locally here in the factory that you | :08:25. | :08:28. | |
are standing in. We make creams with the machine over there. Our | :08:29. | :08:32. | |
repellents are still handmade. Can you keep up with demand now that | :08:33. | :08:44. | |
there is a seek out -- Zika virus outbreak? We are struggling at the | :08:45. | :08:49. | |
moment but we are looking to increase production and satisfy | :08:50. | :08:54. | |
demand. When health authorities are saying you should use products that | :08:55. | :09:02. | |
have DEET, why should consumers opt for this instead? You can use DEET | :09:03. | :09:08. | |
product is. They can last up to 12 hours. But with the epidemic at the | :09:09. | :09:14. | |
moment you must use it everyday. If you are exposed to too much DEET, | :09:15. | :09:20. | |
you will see side-effects. Why art health authorities saying to use | :09:21. | :09:25. | |
this then instead of DEET products? The duration. We can only protect | :09:26. | :09:32. | |
users up to four hours. For health authorities they always like to | :09:33. | :09:36. | |
ensure that they can control the duration. Thank you very much, | :09:37. | :09:41. | |
Theodore. The Zika virus outbreak here in Singapore is likely to be | :09:42. | :09:45. | |
here for sometimes we will be keeping a close eye close eye on the | :09:46. | :09:49. | |
popularity of products like these natural repellent. And before we go, | :09:50. | :09:54. | |
here is a quick look at the market. As you can see on your screens, Asia | :09:55. | :09:59. | |
is lacklustre, mostly on the negative side. A murky outlook for | :10:00. | :10:09. | |
US monetary policy. Will they raise interest rates or will it be towards | :10:10. | :10:13. | |
the end of the year? Here is the Nick Hay down by 4% -- 0.4%. That is | :10:14. | :10:26. | |
that for this edition. Sport Today is coming up next. | :10:27. | :10:43. | |
There has been a significant reduction in fighting in Syria one | :10:44. | :10:48. | |
day into we country ceasefire. | :10:49. | :10:49. |