Browse content similar to 06/01/2017. Check below for episodes and series from the same categories and more!
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of alleged abusers questioning their own victims. | :00:00. | :00:00. | |
Now on BBC News, all the latest business news live from Singapore. | :00:00. | :00:11. | |
US President-elect Donald Trump pics on Japanese car maker Toyota for its | :00:12. | :00:20. | |
plans to build a new plant in Mexico. | :00:21. | :00:23. | |
And a new gadget for cyclists, one that tracks your performance while | :00:24. | :00:33. | |
keeping your eyes on the road. Hello and welcome to Asia Business Report. | :00:34. | :00:40. | |
Shares of Japanese car maker Toyota are down 1.5% right now after | :00:41. | :00:43. | |
tumbling 3% earlier this morning. This comes after President-elect | :00:44. | :00:50. | |
Donald Trump tweeted that if Toyota goes ahead with plans to build a new | :00:51. | :00:56. | |
plant in Mexico, especially for its Corolla car model, instead of the | :00:57. | :01:02. | |
US, then it faces a big border tax when it ships cars north. Toyota | :01:03. | :01:06. | |
announced in April that it would build a $1 billion macro -- Carolla | :01:07. | :01:15. | |
factory in Mexico. I asked if there had been any reaction to that latest | :01:16. | :01:19. | |
tweet. Toyota was quick to respond to the latest tweet by the | :01:20. | :01:23. | |
President-elect and they said quickly in a statement that they | :01:24. | :01:28. | |
employ someone and 36,000 people here in the United States and that | :01:29. | :01:35. | |
the production in the United States would not be impacted by this | :01:36. | :01:38. | |
facility that they are planning to build in Mexico. They also talked | :01:39. | :01:42. | |
about just how many millions of dollars of US investment that the | :01:43. | :01:46. | |
company brings here, so it was really quick to talk about its | :01:47. | :01:51. | |
achievements in the US and offcourse that it is looking forward to | :01:52. | :01:55. | |
working with a Trump administration. Why do you think he is particularly | :01:56. | :02:00. | |
going after the auto industry this week? This is really part of Mr | :02:01. | :02:09. | |
Trump's America First policy. This is something he campaigned on and | :02:10. | :02:14. | |
right now we are really seeing him call some of these companies to | :02:15. | :02:19. | |
task. He wants to see companies that are manufacturing things, to make | :02:20. | :02:22. | |
them in the US, and if they don't he wants to see them pay really heavy | :02:23. | :02:27. | |
tariffs on those items that they are going to be selling in the US. This | :02:28. | :02:31. | |
is really part of the more protectionist language that we heard | :02:32. | :02:38. | |
from Mr Trump and that will be carried through to his | :02:39. | :02:41. | |
administration, especially when you look at some of his appointments. | :02:42. | :02:46. | |
Samsung Electronics says it expects to make $7.8 billion in profit in | :02:47. | :02:52. | |
the final quarter of last year, that's a jump of 50% from the | :02:53. | :02:57. | |
previous year and better than many analysts were expecting, thanks to | :02:58. | :03:02. | |
sales of memory chips. Samsung embarrassingly stopped sales of its | :03:03. | :03:06. | |
Samsung Galaxy Note 7 phone after reports of them catching fire. We | :03:07. | :03:11. | |
are joined by a technology consultant from IDC. Memory chips | :03:12. | :03:17. | |
have offset concerns about the Galaxy Note 7, but you were | :03:18. | :03:21. | |
expecting this? When you look at a lot of the headlines in the past | :03:22. | :03:25. | |
couple of months it has always been about exploding batteries, doom for | :03:26. | :03:30. | |
Samsung, that's not their only business. If anything, what really | :03:31. | :03:36. | |
driving things is the strong memory, they have high memory and demand | :03:37. | :03:41. | |
from mobile phone makers and it also displayed, this small, high end | :03:42. | :03:44. | |
screens that are increasingly going into a lot of high end phones. | :03:45. | :03:49. | |
Really helping them. They are very profitable businesses, so these | :03:50. | :03:52. | |
businesses are behind the scenes of the mainstream consumer and that's | :03:53. | :03:56. | |
what is driving it. At the end of the day what happened to the Galaxy | :03:57. | :04:00. | |
Note 7, as painful it was, it just bounced right off because all of | :04:01. | :04:05. | |
these other businesses helped it. It is to use a that's because there are | :04:06. | :04:09. | |
many concerns that it will impact them and their reputation. Will that | :04:10. | :04:13. | |
follow Samsung into this year and how can it continue to stay | :04:14. | :04:18. | |
profitable? It still is a cloud lingering over their heads. They | :04:19. | :04:23. | |
still haven't explained what caused those exploding batteries. The good | :04:24. | :04:28. | |
thing is a couple of days ago at the consumer Electronics Show in Las | :04:29. | :04:30. | |
Vegas they said something was coming soon. They didn't say exactly when. | :04:31. | :04:34. | |
They will explain what happened. What that will be key to the | :04:35. | :04:39. | |
reputation, got until then people are still worried. They are the butt | :04:40. | :04:43. | |
of jokes. If you buy a Samsung it will explode. They have to make it | :04:44. | :04:47. | |
clear what went wrong, why it won't happen again and they have to get | :04:48. | :04:51. | |
this announcement soon announcement now. Of course there's the arch | :04:52. | :04:58. | |
rivalry with the Mac and iPhone. Because of the Galaxy Note 7 | :04:59. | :05:05. | |
scandal, Apple's iPhone 6 was said to be the most popular smartphone. | :05:06. | :05:10. | |
How can Samsung regain ground? In terms of popularity, there are | :05:11. | :05:15. | |
different ways to measure it. In terms of market share, Samsung still | :05:16. | :05:20. | |
has a commanding lead and it is continue to have that. They are just | :05:21. | :05:25. | |
at the high end, have a low-end and that carries things through. But as | :05:26. | :05:31. | |
you say what about from a mind share perspective? That will depend on the | :05:32. | :05:40. | |
user. Some are Apple's fans, others are Android fans. The rumours we are | :05:41. | :05:49. | |
hearing about the next Galaxy, maybe no home button, stuff around AI. So | :05:50. | :05:54. | |
there is interesting stuff, if these rumours are true, that could end up | :05:55. | :05:58. | |
being a nice product for them, but they have to get the battery | :05:59. | :06:01. | |
reputation behind them. We look forward to the next big product. | :06:02. | :06:08. | |
Thank you so much for that. Will it be a better year for Asia's property | :06:09. | :06:13. | |
markets this year, after a mixed bag in 2016? Property markets in China | :06:14. | :06:17. | |
and Australia remain strong, driven by growth in major cities, there's a | :06:18. | :06:22. | |
different in much of Southeast Asia where growth was more subdued. Which | :06:23. | :06:26. | |
markets are likely to do well in the coming 12 months? Here is the view | :06:27. | :06:31. | |
from someone with a real estate firm. Let's pick out some of these | :06:32. | :06:37. | |
star performers. China, this has caught the imagination of many | :06:38. | :06:43. | |
people. 20% plus price growth in cities like Beijing and Shanghai. So | :06:44. | :06:47. | |
much so that the authorities have stepped in again to try to bring in | :06:48. | :06:51. | |
cooling measures. Elsewhere, Australia has still been a steady | :06:52. | :06:55. | |
performer, as you mentioned. This is like Sydney and Melbourne, still | :06:56. | :07:01. | |
seem fairly reasonable price growth. And then places like New Zealand, | :07:02. | :07:07. | |
Auckland continues to be a star performer. China and Hong Kong have | :07:08. | :07:11. | |
been seeing growth, despite these measures. The government has tried | :07:12. | :07:14. | |
to put in more measures and are regulating the finance, trying to | :07:15. | :07:18. | |
impose some capital controls. What impact might this have full Bell? -- | :07:19. | :07:25. | |
might this have? It is difficult to say. Over the last 12 months with | :07:26. | :07:30. | |
the number of cooling measures. It is difficult if you don't have the | :07:31. | :07:34. | |
money to invest in certain cities. That's not to -- that has had a | :07:35. | :07:42. | |
cooling effect. But PS3 and four cities still have a big overhang of | :07:43. | :07:48. | |
supply. -- tier three and four. How could this impact the market? It | :07:49. | :07:52. | |
could have a dampening impact on outbound but that could lead to the | :07:53. | :07:55. | |
benefit of some Chinese markets themselves. Chinese investing in | :07:56. | :08:00. | |
Shanghai and Beijing, instead of overseas. | :08:01. | :08:06. | |
The annual Consumer Electronics Show is a mecca for anyone interested in | :08:07. | :08:09. | |
the latest high-tech gadgets and among them a type of smart glasses | :08:10. | :08:18. | |
designed to make people fitter. Smart glasses have failed to have | :08:19. | :08:21. | |
much of an impact. People will remember Google class. But it's | :08:22. | :08:26. | |
believed these $500 glasses will succeed. | :08:27. | :08:31. | |
These are some smart glasses, especially for cyclists. I am | :08:32. | :08:35. | |
wearing them now. Very fetching. It is a Google Glasses like setup. I | :08:36. | :08:45. | |
can see the calories on burning, how fast I am cycling and the | :08:46. | :08:49. | |
innovation. How high I am, if I was on a bike. You are the creator of | :08:50. | :08:54. | |
this device. Why is it better to have smart glasses than a little | :08:55. | :08:57. | |
device on your handlebars eating it the same information? We are seeing | :08:58. | :09:01. | |
an evolution of how people in different areas consume their data, | :09:02. | :09:06. | |
especially sports, where data is becoming the norm. You are training | :09:07. | :09:11. | |
to become better. There is standard technology out there for cyclists, | :09:12. | :09:15. | |
that amount on handlebars, but we believe the evolution of how data is | :09:16. | :09:20. | |
consumed is real-time, and so you don't have to get distracted. Isn't | :09:21. | :09:24. | |
it more distracting to have things projected over my vision? No, | :09:25. | :09:28. | |
because you can see through the information. The information | :09:29. | :09:34. | |
disappears when you focus beyond it for five metres and that information | :09:35. | :09:39. | |
is actually on demand. When you change focused information suddenly | :09:40. | :09:42. | |
appears in your field of view, art at the same time you aren't losing | :09:43. | :09:45. | |
your context because you are focusing on the road. In addition to | :09:46. | :09:50. | |
the display you also have integrated speakers in the headset that are | :09:51. | :09:54. | |
acoustically giving you directions for your training. So I don't have | :09:55. | :10:00. | |
to look at my phone. Why are these built into tinted spectacles? Would | :10:01. | :10:06. | |
it make driving or cycling at night more difficult? The lenses are | :10:07. | :10:12. | |
interchangeable. There is a dark lens, but the user can change it for | :10:13. | :10:18. | |
a clear and lens or a mirrored on. It is just another smart set of | :10:19. | :10:25. | |
glasses, with technology built in. That ends this edition of Asia | :10:26. | :10:28. | |
Business Report. Thanks for watching. | :10:29. | :10:32. |