24/11/2016 Asia Business Report

the Labour MP Jo Cox. He shouted" written first" as he shot Jo Cox

just after the EU referendum in June.

Here is that Sharanjit Leyl with Asia Business Report.

From business to politics. Can Donald Trump crossover to the

presidency without conflicts of interest? And grains for good. Rice

growers in Cambodia take a unique approach.

Welcome to edge a business report. I am Sharanjit Leyl. Can Donald Trump

profit from the presidency? The President-elect is being urged to

separate himself from the Trump organisation to avoid any conflict

of interest that while there is no law enforcing him to do so, it has

been the past practice of other presidents for the last 40 years.

But, if that campaign has shown us anything, it is that the soon-to-be

leader of the United States is anything but conventional. We have

more from New York. These are the most visible parts of

the President elect's empire. Mr Trump says he can be both

businessmen in chief and commander-in-chief. There is nothing

in the Constitution that addresses this. There are implicit concerns in

the Constitution about the corruption possibility that there

nothing that at this level of specificity. This is a practice that

has emerged in the United States only in the 20th century. The

practice exists for a reason. This weekend meeting with Indian real

estate developers already raises questions about Mr Trump's ability

to celebrate -- separate his business from the presidency. Donald

Trump the businessman has seen conflicts. Casino bankruptcies,

fraud at Trump University and even tussle is over hiring practices at

one of his hotel. If you does nothing come January 20, these

entanglements will be with the President of the United States. The

challenge of course is Mr Trump is his business. And so is his family

which makes them -- claims that his children will now control the Trump

organisation. -- it makes the claim is ludicrous to many. There is no

need to dismantle his business empire but certainly to simply say,

" I'm going to let my children handle it" is not sufficient. If we

in the States would hear something like this, we would associate this

kind of intermingling of government and business is something a feature

of a banana republic. The Constitution does say that the

President cannot accept any foreign money or gifts without the consent

of Congress. It makes Mr Trump's International business dealings

questionable under law. We should expect there to be continual

concerns, maybe scandals, maybe hearings in Congress, about the

President's business interest, America's foreign policy and even

domestic policy. It's all going to be in one big night and it's going

to be difficult to straighten out. -- knot. Now, he seems intent on

mixing his business with his presidency but it's hard to see how

this approach will keep in compliance with US law and

convention. It also seems long way away from his campaign promise to

drain the swamp of corrupt US politics.

Staying with Trump, the President elect has attacked China during the

campaign saying it keeps currency artificially low in order to make it

exports cheaper overseas but his election has strengthened the US

dollar, forcing the UN to seven-year lows -- yen. Earlier, I spoke with

David Marsh of the official monetary and financial institutions for and I

asked him what is driving down these Asian currencies.

We have had eight or nine years of very low interest rates all over the

world and America is just starting very hesitantly last you to raise

rates. Now, we are seeing a real turning point because you see Donald

Trump coming in is wearing huge infrastructure programmes, huge tax

cuts, deficit spending, so that will force up inflation which in a way is

a good thing, maybe get the economy going but of course it means is a

strong dollar 70s leading to war this attrition, not just in this

part of the world but also the euro sterling as well, they have been

weak. I prophesy is that over the next year, the dollar will be strong

and a lot of things that Donald Trump wants to do will be made null

and void by the fact that the strong dollar will not be very good for

manufacturing workers. Indeed. And all the things that he has promised

may be ending up to where he needs second thoughts.

Airbnb is said to be in talks to buy China's second largest home

accommodating service. While Airbnb is the biggest online platform for

people to rent their homes to travellers globally it is having a

really hard time to break into the Chinese market. The San Francisco

-based company already has about 70,000 properties listed in the

world 's most populous nation. Asia is getting richer and overseas

development is playing a much smaller role in helping countries

develop further here. New figures from the foreign aid now accounts

for just 7% -- .7% of flows into the Asia-Pacific region and that is done

from 13.5% in 1994 stop does that mean that the private sector will

play a bigger role? We spoke with the director of Asian Pacific but

the UN development programme. We asked how aid could be made more

efficient. Business provided 90% of jobs. You

have to get government to get serious about sustainable

development. Work with them intensively. So that they take

sustainability as part of their business strategy. A civil society

organisation has a role to play but this depends on the country context

of whether the service position, whether it is a watchdog, who is

accountable. And individuals going for innovation, setting up a small

business and so forth. It is a coalition of assets. How it balance

shifting between the need to eight and the need for direct investment?

In Asia-Pacific, most of the countries art need income countries

which means their ability to finance their own development has increased.

The relative importance of aid hasn't dished -- has declined.

Governments own finance which is increasing very rapidly. Financing

flows from the private sector, from the financing market and also,

private individuals. How is the current economic climate affecting

countries or willingness to give aid and other foreign investment? We

have only one planned. We talk about plan a and plan B in our business

planning but there is no plan B. There is only our common future. We

see the convergence of all parties for a sustainable future.

Farmers in Cambodia are being offered a much-needed boost to their

bottom line by a company with an unusual motive and the price of rice

has been falling but for those willing to adopt some very high

environmental standards, there is an opportunity. The wildlife

conservation Society together with the firm called Ibis Rice are

working on a future to create an egg -- ethical taste of Asia.

You have the National bird of Cambodia thought to be extinct and

you discover it after years of thinking its lost next to rural

communities growing some of the best jasmine rice in the world. So what

Ibis Rice is all about is linking organic farmers with the consumer

that appreciates organic process -- products.

Ibis rice is much more than organic rice. There is a story behind the

product and it holds up. I mean, I see it is really great, the farmers

love it, the farmers are very enthusiastic.

Let's look at the markets before we go because the Nikkei continues to

make gains. It is near an 11 month high and that is after the Dow hit

an all-time high for the third straight day due to some extent what

people are calling that Trumper said. Other currencies in the region

are flat at the moment. That is all, thank you for watching.

The headlines et al. Hong Kong's hi Scott will begin hearing an appeal

shortly from