:00:00. > :00:00.for millions of self-employed people is fair.
:00:00. > :00:13.Now on BBC News, all the latest business news live from Singapore.
:00:14. > :00:21.Decision day for South Korea's President Park Geun-hye. We will
:00:22. > :00:25.assess the impact on the court's decision on whether or not to remove
:00:26. > :00:26.her from office. And two minutes with the boss. A Chief Executive
:00:27. > :00:41.tells us what makes his firm tick. Hello, and welcome to Asia Business
:00:42. > :00:44.Report. This morning, in fact very shortly, we will be hearing about
:00:45. > :00:48.South Korea's residents Park Geun-hye. She will be finding out
:00:49. > :00:53.whether she will be removed from office permanently over a corruption
:00:54. > :00:56.scandal. If beef court formally on seats are she will be the first
:00:57. > :01:00.president in South Korea to lose office from parliamentary
:01:01. > :01:06.impeachment. A presidential election will have to be held within 60 days.
:01:07. > :01:09.I asked the director of the Corporate Network for North Asia
:01:10. > :01:15.whether he thinks she will be impeached. I think it is very likely
:01:16. > :01:20.that the Constitutional court is going to support the decision on the
:01:21. > :01:23.impeachment. I think it is very hard for the justices to ignore the
:01:24. > :01:30.sentiment of the country right now. More than three quarters of the
:01:31. > :01:33.population are in favour of the impeachment. However, there is a
:01:34. > :01:37.chance the justices will rule otherwise. We have had an
:01:38. > :01:40.impeachment case in the past were sentiments were quite different, but
:01:41. > :01:44.this time it is likely it will happen. We know the scandal is
:01:45. > :01:50.already threatening the head of the country's largest company, Samsung.
:01:51. > :01:53.But what kind of impact has this had on the economy, on business
:01:54. > :01:57.sentiment? I think the impact first and foremost is its negative impact,
:01:58. > :02:02.or the damage on the reputation on the image of South Korea, which of
:02:03. > :02:06.course also has implications on the economy, the business sector in
:02:07. > :02:12.general. However, the economy has proven fairly resilient. Despite a
:02:13. > :02:18.slight downturn in GDP growth and consumption in the second half of
:02:19. > :02:22.2016, we have seen a little bit of an uptick earlier this year so far.
:02:23. > :02:26.So the overall economic repercussions do not seem to be as
:02:27. > :02:32.negatively pronounced as we would have expect it initially. Now, in a
:02:33. > :02:36.crucial test of support for Prime Minister Narendra Modi, India has
:02:37. > :02:41.been holding five state elections. The most important one is in the
:02:42. > :02:46.northern battleground state of Uttar Pradesh, with its population of 220
:02:47. > :02:51.million, the biggest democratic election anywhere in the world this
:02:52. > :02:56.year. Small stalls like this one on the
:02:57. > :03:02.roadside selling tea, sandwiches and a host of other goods can be found
:03:03. > :03:06.across Mumbai. Most of these hawkers come from Uttar Pradesh, which is
:03:07. > :03:14.India's largest state, with a population of over 200 million. On
:03:15. > :03:17.Saturday, results for the recently held local elections in Uttar
:03:18. > :03:21.Pradesh and four other states will be announced. These results are
:03:22. > :03:26.crucial for prime Mr Narendra Modi and his party. It is the first major
:03:27. > :03:32.local election after the Indian government withdrew 86% of the
:03:33. > :03:36.currency in circulation, disrupting the lives of millions across the
:03:37. > :03:39.country. That is why many have turned these elections on a
:03:40. > :03:43.referendum about that decision. The other crucial aspect is that despite
:03:44. > :03:48.having a majority in the low house of Parliament, Narendra Modi's party
:03:49. > :03:51.is still in a minority in the upper house, when members are elected by
:03:52. > :03:58.the various state councils. This often acts as a roadblock when it
:03:59. > :04:00.comes to passing legislation. A victory in Uttar Pradesh will help
:04:01. > :04:05.increase his party's legislative strength in the upper house, which
:04:06. > :04:08.will give him political muscle to push through economic reforms like
:04:09. > :04:12.the implementation of the goods and services tax, cut red tape, and
:04:13. > :04:17.introduce more laws to tackle corruption. But if he loses many
:04:18. > :04:20.analysts worry he might shift his focus to populist policies to
:04:21. > :04:25.attract voters ahead of the Indian election in 2019. Over the last few
:04:26. > :04:30.weeks, Indian stock markets have been performing well, expecting
:04:31. > :04:34.Narendra Modi's party to win this election. But if that doesn't
:04:35. > :04:41.happen, the markets could turn red when they open on Monday morning.
:04:42. > :04:46.In other business news, Germany's Volkswagen and India's Tartar motors
:04:47. > :04:50.are expected to sign a deal later today on two operating together in
:04:51. > :04:53.the Indian market. Pitcher carmakers reportedly hope to share technology,
:04:54. > :04:58.components and manufacturing components. VW is already the
:04:59. > :05:01.world's used car maker. It is looking for new markets as it tries
:05:02. > :05:06.to recover from a global diesel emissions scandal. Investors have
:05:07. > :05:09.poured $1 billion into Airbnb in its latest bid to raise money. This
:05:10. > :05:13.means the home rental company is now valued at $31 billion, making it the
:05:14. > :05:18.second most valuable start-up company in the US, after Uber. No
:05:19. > :05:23.word on how it would use the money, but Airbnb has plans to expand its
:05:24. > :05:26.operations globally. This week US President Donald Trump
:05:27. > :05:30.has signed a new executive order which puts a temperate ban on people
:05:31. > :05:34.from six mainly Muslim countries from entering America. --
:05:35. > :05:37.temporarily. The previous order was blocked by a federal court and
:05:38. > :05:43.sparked confusion at airports and mass protests. Rico Hizon asked
:05:44. > :05:46.Andrew Herdman from the Association of Asia Pacific airlines about what
:05:47. > :05:50.kind of contingencies the carriers have put in place to avoid that once
:05:51. > :05:57.again, the confusion and chaos that we saw, when the band kicks in next
:05:58. > :06:00.week. Well, it is awareness. Telling the frontline staff, being clear
:06:01. > :06:03.about what the rules are, how they are interpreted, cases of dual
:06:04. > :06:07.passports, cases where people already have green cards and so on
:06:08. > :06:11.and so forth. These are compensated issues and just knowing what the
:06:12. > :06:14.rules are, how to apply them, explaining that to passengers, and
:06:15. > :06:17.passages themselves of course have questions even before they go to the
:06:18. > :06:24.airport. -- cobbler catered issues. But overall, we are concerned about
:06:25. > :06:28.the fewer restrictions the better for people moving across borders. We
:06:29. > :06:31.are concerned about the signal that this sense, that borders are closing
:06:32. > :06:39.in certain carriers and passengers are not welcome. Is this having an
:06:40. > :06:43.impact in terms of the large Muslim population is here in Asia, which
:06:44. > :06:49.includes the likes of Indonesia and Malaysia? They are not on the banned
:06:50. > :06:53.list, but do you think that less Muslims from Asia will now travel to
:06:54. > :06:58.the US? Certainly citizens from those countries would have taken a
:06:59. > :07:02.close interest in the executive order and whether the President was
:07:03. > :07:06.targeting Muslims, despite denials to the contrary, they will be
:07:07. > :07:11.thinking, is this going to affect my ability to get a Visa and get access
:07:12. > :07:16.to the United States? Again, people there in mind, how much hassle as
:07:17. > :07:19.they going to be in getting a Visa and getting into the country. That
:07:20. > :07:25.might cause them to choose to girls were on holiday. -- ago elsewhere on
:07:26. > :07:28.holiday. More people are watching videos on their mobile devices than
:07:29. > :07:34.ever before and there is big money in it. We are kicking off a new
:07:35. > :07:39.series called Two Minutes With, and this time it is with a creative
:07:40. > :07:42.agency which has won many awards for its commercials and films. Most
:07:43. > :07:53.grisly, they worked on Beyonce's app lemonade album. -- Beyonce's
:07:54. > :07:57.Lemonade. What makes a good video is an extremely broad question, but if
:07:58. > :08:04.we talk about digital content, commercial contents, and he wants to
:08:05. > :08:08.engage the audience and make declines, the future clients work
:08:09. > :08:12.with you, you need to think about what their story is. Not just your
:08:13. > :08:15.product, what you want to tell about your product, but how will you be
:08:16. > :08:23.perceived by somebody on the other side of the screen? I tried to
:08:24. > :08:27.change... The first five seconds are so important. We have done projects
:08:28. > :08:31.where we have produced the same film but cut it differently. So we put
:08:32. > :08:36.the end in the beginning and it has an impact that is 3-5 times more
:08:37. > :08:47.remarkable than the traditional type of story. When working on Lemonade,
:08:48. > :08:52.we were very involved in creating the concept by working together with
:08:53. > :08:56.the director and with the artist. You know, suggesting innovative ways
:08:57. > :09:01.of making something visually conceptually different, that will
:09:02. > :09:03.rake through the clutter of other information and content out there.
:09:04. > :09:18.-- will break through. When we worked with Netflix, we
:09:19. > :09:23.often work with an agency partner, and our work is very much about
:09:24. > :09:26.making them realise the idea they need to have to engage the audience.
:09:27. > :09:30.When they have their formats, there are so many formats coming from so
:09:31. > :09:36.many different players today. HBO, Amazon, conditional TV channels.
:09:37. > :09:40.Netflix has to cut through that and show that their content is more
:09:41. > :09:52.exciting, more entertaining than the other competitors.
:09:53. > :09:58.Michelle Coleman ski explaining everything in two minutes flat. I
:09:59. > :10:02.have about 30 seconds to its planned markets right now, because the
:10:03. > :10:08.Nikkei is gaining a bit, up over 1%. -- explain the markets. This is due
:10:09. > :10:13.to the weaker yen. We have some prospects of a rate hike in the US
:10:14. > :10:16.when the Federal Reserve meets next week, which has been pushing the US
:10:17. > :10:21.dollar higher. We still have crucial US payroll data coming out, and
:10:22. > :10:24.expectations are that will be very strong, supporting that push for a
:10:25. > :10:28.rate rise. Looking elsewhere, marginal gains in the other markets.
:10:29. > :10:30.That is all for this addition of Asia Business Report. Thank you for
:10:31. > :10:37.watching. A national monument paying tribute
:10:38. > :10:41.to members of the military