:00:00. > :00:15.Now on BBC News, all the latest business news live from Singapore.
:00:16. > :00:21.Billions of dollars in loans and investments - find out why China is
:00:22. > :00:28.flexing its financial muscle in the region. And time is money in India's
:00:29. > :00:30.financial capital. That is helping one man make a good living from a
:00:31. > :00:35.fast-growing trend. Welcome to this edition
:00:36. > :00:46.of Asia Business Report. Chinese President Xi jinking wraps
:00:47. > :00:50.up his trip to Cambodia, Bangladesh and India this Monday and over the
:00:51. > :00:56.five days Beijing has signed off lots of loans with Cambodia
:00:57. > :01:03.receiving $200 million in addition to the $3 billion it has provided
:01:04. > :01:06.since 1992 -- Jinping. China has signed a record amount of loan
:01:07. > :01:11.agreements in Bangladesh worth $20 billion. This is the biggest foreign
:01:12. > :01:18.credit line that country has ever received. Earlier I spoke with a
:01:19. > :01:22.member of China market research group about what China can expect in
:01:23. > :01:30.return. I think there is an understanding on Cambodia's part
:01:31. > :01:35.that China might be a lifeline for money for development reasons and I
:01:36. > :01:40.think China knows that if Cambodia gets access to this they will vote
:01:41. > :01:43.favourably for China. They are cosying up to the current
:01:44. > :01:49.administration more than they have in the past. And continuing to look
:01:50. > :01:54.at Cambodia - will this money from China support the failing popularity
:01:55. > :01:58.and will it do much for the Cambodian economy? I don't know how
:01:59. > :02:06.much it will affect the popularity of the leading family but I think
:02:07. > :02:12.there is concern that there is corruption going on but it will it
:02:13. > :02:19.anything give the opposition party firepower. If the money is put
:02:20. > :02:24.towards infrastructure projects, if there is worry that there is graft
:02:25. > :02:31.involved or the money is under the table, it could be good but it
:02:32. > :02:35.remains to be seen. Moving over to Bangladesh, that was a staggering
:02:36. > :02:41.amount. China's growing economic role is a worry for Indian officials
:02:42. > :02:47.because they are exerting influence in their territory. So what is your
:02:48. > :02:52.view on that? If you look at China's global aspirations over the next
:02:53. > :02:56.5-10-15 years, they are looking at extending their power in the Asia
:02:57. > :03:00.region. Part of that is expanding their naval presence. One of the
:03:01. > :03:04.problems they have had is they haven't been able to do development
:03:05. > :03:07.work, that is simply because they haven't had access to deepwater
:03:08. > :03:12.ports. Giving money to Bangladesh give them a way to do that and I
:03:13. > :03:15.think that should worry India and other countries in the region
:03:16. > :03:21.because China will be able to exert more power than in the past.
:03:22. > :03:25.Australia's biggest casino company Crown Resorts says 18 staff
:03:26. > :03:28.including a senior executive were detained by authorities in China.
:03:29. > :03:33.The resort has not offered details for the detention. Crown Resorts is
:03:34. > :03:39.partly owned by billionaire James Packer. Airlines in Australia and
:03:40. > :03:48.New Zealand have joined the US in banning the recall that Samsung Note
:03:49. > :03:54.7 from all of their planes. Some airlines in Europe have also adopted
:03:55. > :03:58.the proportion. Samsung has stopped production of the Note 7 following
:03:59. > :04:06.reports of overheating batteries which can catch fire. News just in,
:04:07. > :04:10.shares in Tokyo Electric power have fallen 7% after an antinuclear
:04:11. > :04:17.candidate won an election on Sunday. The multilateral development bank
:04:18. > :04:21.formed by the BRICS group of emerging nations has been held for
:04:22. > :04:25.supporting clean energy and sustainable development. Since
:04:26. > :04:29.becoming operational year ago, $900 million has been won for these
:04:30. > :04:33.projects and some say the role of the bank overlapped the IMF and the
:04:34. > :04:39.World Bank. Our correspondent spoke with the chief, who explained why he
:04:40. > :04:42.believes it's needed. All of us put together are all playing a
:04:43. > :04:47.complementary role to a larger developmental need. To put that
:04:48. > :04:53.number in context, if annual spending on infrastructure in the
:04:54. > :04:56.developing world is around $1.5 trillion, all institutions put
:04:57. > :05:07.together would do less than 15% of that. Many question the potential -3
:05:08. > :05:16.members out of five are struggling when it comes to their economy. Will
:05:17. > :05:20.this ever be an effective group? I think economic cycles and shocks are
:05:21. > :05:25.transitional. You have to look at this over a longer period of time.
:05:26. > :05:31.Even with the economic shocks, I would think the BRICS countries put
:05:32. > :05:34.together today provide most of the growth that is happening in the
:05:35. > :05:43.world, coming from these five countries. Incremental growth. Even
:05:44. > :05:47.with the current challenges. At this stage all the founding members have
:05:48. > :05:50.equal shareholding at the new development bank but many believe
:05:51. > :05:57.that in the long-term China will dominate the proceedings because of
:05:58. > :06:02.the sheer size of its economy. In our articles we are clear that
:06:03. > :06:07.shareholding is equal. Even if the bank were to in the future looked at
:06:08. > :06:12.the wider membership, that is to help the pollution in P. Going
:06:13. > :06:28.beyond that would not be right at this stage. -- dilution. There are
:06:29. > :06:41.concerns about the official year of the death of King Bullmer will
:06:42. > :06:46.continue. We explain what businesses and foreign investors can expect
:06:47. > :06:50.going forward -- King Bumubhol. In the short term we will see business
:06:51. > :06:54.disruptions in the first 2-4 weeks. People are not at work. They are
:06:55. > :06:59.taking time to mourn and grief. That will impact sea ports, airports,
:07:00. > :07:02.manufacturing facilities. Control risk has been working around
:07:03. > :07:07.contingency planning for businesses on those issues and there has been a
:07:08. > :07:10.moratorium on entertainment events, so concerts and sporting event
:07:11. > :07:15.having cancelled. That will have an impact. Business travel is down. I
:07:16. > :07:18.have spoken with clients last week who were cancelling trips into the
:07:19. > :07:22.country to let things settle down before everyone has their mind back
:07:23. > :07:29.on business as usual. Those are short-term impacts. Tourism is a
:07:30. > :07:34.huge part of Thailand's economy. It is known as the land of smiles. It
:07:35. > :07:38.is anything but since last Friday. What impact might it have long-term
:07:39. > :07:45.on tourism? It will be interesting to see. I think the government knows
:07:46. > :07:52.that tourism is 10% of Thailand's GDP with 30 million people coming
:07:53. > :07:56.each year. It will be key to see the key engine of the economy get back
:07:57. > :07:59.to full steam as soon as so all in due course and that will be
:08:00. > :08:03.something to watch for, certainly with tourists being advised to pay
:08:04. > :08:07.respect when they come to town. There have been some tourism
:08:08. > :08:12.cancellations but not significant. I think in the long-term we won't a
:08:13. > :08:19.significant impact. Now to the fast growing geek economy creating
:08:20. > :08:23.opportunities for contractors and freelancers with 160 million people,
:08:24. > :08:27.30% of the working age population in the US and Europe alone, are earning
:08:28. > :08:34.money from independent work and gigs. That is according to McKinsey.
:08:35. > :08:45.This week we bring you stories from entrepreneurs from around the globe,
:08:46. > :08:49.starting with India. TRANSLATION: In a city like Mumbai, time is more
:08:50. > :09:00.precious than money. What I like most about my job is how we save
:09:01. > :09:09.people's time. My name is Sajit, I am 25 years old, and I work for
:09:10. > :09:12.Rush. We run errands for people. If someone need something from home,
:09:13. > :09:18.documents delivered or a cheque delivered in a bank, we get it done.
:09:19. > :09:24.For example, today I'm going to deliver food to a customer for one
:09:25. > :09:32.of her clients who is a home chef. Basically I'm helping her run her
:09:33. > :09:42.business. When we are out on deliveries the traffic is a problem.
:09:43. > :09:47.It can make us late. My family and friends do not think this job is
:09:48. > :09:56.that secure. They don't like it because they do not understand this
:09:57. > :10:02.industry. I think my future is promising because growth depends on
:10:03. > :10:06.performance and efficiency. Today I am a field executive but one day I
:10:07. > :10:11.could be selected as a team leader. In my opinion, there is potential in
:10:12. > :10:15.this business of deliveries. There is a lot of competition but with
:10:16. > :10:21.good performance people like me can grow. Let's have a quick look at the
:10:22. > :10:25.markets before we go and we can see the Nikkei has opened fairly flat.
:10:26. > :10:29.Australia as well, exactly flat. That is because of comments from the
:10:30. > :10:35.Fed reserve chaired Janet Yellen last week that is causing some
:10:36. > :10:42.concern. That is it for this edition of Asia Business Report, thank you
:10:43. > :10:43.for watching. You're watching BBC News.
:10:44. > :10:47.The top stories this hour: A Chinese space rocket has blasted off
:10:48. > :10:51.from a launchpad in the Gobi desert, carrying two men
:10:52. > :10:53.The mission is designed to test China's ability to send crewed