22/12/2016 Asia Business Report

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

The final wake of 2016 and what a year it was! After days of choking

smog, we counted the economic costs of China's pollution crisis. Good

morning deja, hello world. Happy holidays and glad you could join us

that this edition of Asia Business Report. It looks like stocks are

enjoying a bit of a Santa Claus rally. Overnight, it was down

slightly by 33 points. Overall it has been a rollercoaster ride. It

started with what felt like a freefall in Chinese commodity prices

followed by the shock of Brexit and the bigger surprise then of Donald

Trump as the next president of the United States. We asked what spurred

such volatility? It is another year of sub powered growth in global

trade and that is what defines what is important for Asia. That in

itself allowed for the kind of populism that we saw that led to the

Mac and Donald Trump. For Asia, the week growth that allowed those

developments defines what the thousand 16 was. Will this red flag

fall over into 2017? There are worries about China. It started the

year but by the end, things look better, bad. Signs of pickup in

demand so we hope that it will carry through into 2017 stop there is

still a lot of doubt about whether that is sustainable or not but

ultimately we are keeping our fingers crossed and perhaps 2017

will be different. We are looking for the Trump effect - he will be

president in January. Could we see on deals negotiated? There are risks

and it could upset the scenario on recovery. The Donald Trump

administration, the initial days, will be defining what 2017 and

beyond will be like. Activist investor getting a seat at the

policy table. He is to serve as adviser on regulatory reform. There

will also be an over -- overseeing of other policy. Mr Karp has been

busy with more than just political appointments. -- Mr Trump. He also

met with bowing bosses. Boeing CEO told reporters that he discussed the

cost of the new Air Force One. We are going to get it done for less

than that and we are committed to working together to make sure that

happens stop I will give the President elect my personal

commitment on behalf of the Boeing Co. We work on Air Force One because

it is important to our country and we are going to make sure he gets

the best capability. We'll work together and we are at Egypt to get

started on the programme. We have not actually started the build of

the airplay, once we have finalised the requirements, making sure it is

affordable, we will get the production line ready to go. In

other news:, Alibaba is back on the US government blacklist for selling

pirated goods. It was taken off the notorious least in 2012 but several

groups have been lobbying for its reinstatement. The online

marketplace sells high levels of counterfeit goods and is slow to

respond to complaints. Japan's Cabinet has approved the record new

$130 billion spending budget for the spending 2017 year. However, the

government is looking to take advantage of the low interest rate

environment and weaker yen to push through more social security

spending, given it also has one of the world 's fastest ageing

population. New Zealand's economy is doing better than expected expanding

1.1% cause of increased construction and, as consumers spent more on

travel, dining and recreation full the figures give a boost to the

Kiwi, New Zealand's new Prime Minister after John Key unexpectedly

stepped down. Residents in Beijing may be able to see clearer skies

today after weather forecasters say winds overnight will push away the

smog that has envelopes much of northern China. They have shut down

factories, highways and schools to try to lower the smog by the

economic costs of mounting. It is quite substantial so actually it is

in Beijing -- in the air in Beijing is more dangerous than smoking

cigarettes. Companies are allowed workers to work remotely from home

others closed down. It is difficult to attach a number that it is easily

over billions of dollars. This choking haze is impacting

productivity. What measures are companies take it to be able to

overcome this? It is not easy because so far what companies can do

is just buying really expensive air purifies and give workers more

expensive health insurance package but not that productive because it

can lower the work of jobs at home and more of a headache for jobs at

home. Beijing called for an all-out war against pollution in 2013 - are

they losing it? I do not think they are necessarily losing it because

fighting pollution is difficult. They are more ready to acknowledge

the problem and do something about it. A lot of industry into

neighbouring provinces at starting to feel the impact although it will

take years. What is the sentiment regarding the shutdown of factories

and businesses? They are not happy about it. A lot of companies rely on

people but they cannot be very vocal. It has become more of a

political issue. You have to cop or a quick the government, especially

in Beijing, if Beijing's pollution is really bad, the factories have to

be closed down. There is not much a large individual company can do. The

Indian de motorisation effects are still being felt. -- monitoring

station. It is a move that has inconvenienced millions of people,

including tourists. One of the problems we faced was not

being able to afford food. A lot of places do not take card and we had

to buy cheap snacks and save money for water so it was not good.

A couple of activities we wanted to do that were 2000 rupees and we only

had 2000 rupees so we could not do it. It has been a really difficult

because if we cannot get cash not everybody takes credit cards so we

have had to lead lots of money off our guide. We could not buy any

small items from street vendor is because they all want cash and you

just do not have that sort of money. Tourist in India having difficulties

buying stuff. Looking at the markets... As you can see, most of

the traders and dealers on holiday mode. Moving sideways. Thank you so

much, Sport Today is up