27/01/2017 Asia Business Report

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Live from Singapore, the essential business news as it breaks and a look ahead to the news that will shape the business day.

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


Google parent, out of ode, gives its forecast. -- Alphabet. Hideo Kojima


takes us on a tour of his studio. Good morning, Asia. Hello, world.


I'm Rico Hizon. Thank you for investing your time with another


Asia Business Report. It's a Friday. We start with Google's efforts to


diversify away from its main search engine business. It is beginning to


pay off. Alphabet said profits rose by 8% to over $5 billion. It was


lower than we expected. I asked our reporter how the core business,


Google, has been performing. Google is about how many ads can be put


among the search results. 36% more people are clicking on the


advertisements than last year. That is a good sign. More people clicking


on them. But as the company continues to move over to the Mobile


world as opposed to the desktop search engine, it is finding


advertisers are willing to pay less for those advertisements. That is


happening more. The amount they want to spend earning those clicks is


lower than before. Good signs of growth. But still unbelievably you


could still say Google is transitioning to mobile. And, of


course, Alphabet has other bets, apart from Google. How are they


faring? What we are looking out for this time is the hardware they


brought out in the last year. The Google phone, Pixel, is lumped in


with all the other stuff. There is a suggestion it is performing well,


though we do not know how much. The company has grown revenue in things


that do not make money in the beginning but will in the future.


Revenue is growing. They are only marginally beating the costs. Still


a big loss for the company as a whole. But the investors group is


demand of lowering the costs is happening, though gradually. San


Francisco. And a Singapore fund says it will invest in Alphabet's


subsidiary focussing on healthcare. Alibaba is muscling in on the global


payments industry. They are buying it for $880 million. That is part of


the on line payment industry. That gives it a foothold in the multi


billion dollar global remittances sector. Toshiba will reveal how much


of a multimillion dollar charge it will stake on its new American


business. It has been reported that the hold in Westinghouse nuclear


enterprise could be as big as $6 billion to raise money for a


spin-off. This is the core moneymaking unit. Microsoft reported


its results, 3.5% rise in profits. That is due to be -- the Cloud. They


have moved towards Cloud services and mobile acquisitions away from


its software business. US President Donald Trump the British Prime


Minister Theresa May to the White House later this Friday. She will be


the first Foreign Minister to meet with Donald Trump since he took


office last week. They are expected to discuss a potential trade deal


following Britain's exit from the EU. We have the details. We are


excited that Theresa May is coming on Friday. We are looking forward to


it. It may not seem like it, but President Donald Trump and Prime


Minister Theresa May have a few things in common. The rise in power


was killed by a rejection in the establishment. They are trying to


create bilateral trade deals. When he talks to Prime Minister Theresa


May, he will have a great conversation about the potential for


greater trade with the UK. The pressure is on. Negotiations are


imminent. Kneeling down a trade agreement with the US would give


Theresa May a real big boost back home. But Donald Trump also wants to


see a quick agreement. His America first rhetoric has many world


leaders weary. I will be talking to Donald Trump about the issues that


we share, about how we can build on the special relationship. It is the


special relationship that allows us to say when we find things


unacceptable. The fact she is the first world leader to visit the


White House under a Donald Trump administration is perhaps a


testament to Britain's special relationship with the United States


pillar we have always had that special relationship with Britain.


And that reflects in the first visit here. He has had a great


conversation with her. He looks forward to having her here. But we


could always be closer. Samira Hussain reporting. The flying


kangaroo has taken off to Beijing. They are expanding their business


after a record profit happening in 2016. Previously, Qantas had been


losing billions of dollars with a three-year restructuring efforts


under Alan Joyce having a turnaround that was remarkable. We spoke in


Beijing about why China is a remarkable and attractive market.


That has been a huge boost in the market. The amount of Chinese


travellers coming to Australia is now up to 1.2 million a year. By


2018, it will be the largest tourism market into Australia. It has more


than doubled since that period. We have also seen a Free Trade


Agreement between Australia and China, which has really boosted the


business demand and business traffic on that route. And we have also seen


a big increase in agricultural products in put -- in particular. We


know that fresh dairy products will go even further. A bit different. We


believe this is absolutely the time to come into the market to make


money on this. This decision to reopen the flight route into Beijing


is obviously driven more by a Chinese passengers coming to


Australia, not the other way around. Is that right? The big explosion is


with Chinese passengers coming in. But with the Free Trade Agreement we


have seen the Beijing market bring the 11th largest corporate market


into Australia. We served the top ten. Beijing is what we do not


serve. It makes sense for the Australian corporate market where


there is huge demand to go to Beijing. Chief Alan Joyce. He may


not be a household name, but the game designer from Japan, Hideo


Kojima, is behind some of the most successful videogame. He invented


the stealth genre still popular today. His latest game has his fans


in suspense. Move slowly. For decades, he made Metal Gear titles


for the game company Konami, which made millions of copies. But after


splitting from them controversially in 2015, gamers across the world are


wanting to find out what happens next. There have been two trailers


so far about his new game, Death Stranding, which will be a way


station exclusive. -- Playstation. TRANSLATION: We want this game to be


something people can get into very easily. But after they pay for 1.5


hours, they will see something different. It is something they have


not played before. So the motion capture... It is normal to stay


tightlipped about upcoming projects like this. It is far too soon for


people to test it. So no one can say if it will be any good. Are you in


the game? LAUGHTER. But the idea it is different from what has come


before is no surprise to be as we visit places that have been


important turning point in his history, he explains how he sees the


gaming industry changing forever, with movies, games, and music,


converging in different ways that the TRANSLATION: Things such as


games and music and novels and movies, they were all meshed


together into one new type of entertainment. What struck me about


spending time with Hideo Kojima, is here is a man who has achieved


everything there is to achieve in the game industry. But he said he


would not retire. He is still passionate and energetic about


technology and gaming. And he is still coming up with new ideas. And


he said he has set himself the biggest challenge yet. He has


changed the gaming industry once. Now he wants to do it again. BBC


News, Tokyo. A brilliant videogame maker. The markets now. Asian


markets, as you can see, are quite firm, most of them. The Nikkei is up


by two fifths of 1%. The older in positive territory. I am Rico Hizon.


-- the All