10/04/2017

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:00:10. > :00:16.You're watching BBC News. I'm Babita Sharma. Our top story: Donald Trump

:00:17. > :00:22.tells his advisers to be prepared for the next step in dealing with

:00:23. > :00:29.the North Korean nuclear threat. And Eddie strike group is moving towards

:00:30. > :00:34.the North -- cream pensioner. E.g. 'S president has declared a

:00:35. > :00:38.three-month state of emergency following two attacks on Coptic

:00:39. > :00:42.churches, and which more than 40 people died. And this story is

:00:43. > :00:48.trending@BBC.com. In the last hour, Sergio Garcia has won his first

:00:49. > :00:53.major golf title at the 73rd time of trying. He beat Justin Rose in a

:00:54. > :00:58.dramatic play-off to win the Masters at Augusta. We will have more on

:00:59. > :01:01.that epic win coming up with our team in Sport Today in about ten

:01:02. > :01:09.minutes from now. Stay with us now, more to come.

:01:10. > :01:18.And our top story free here in the UK. PC Keith Palmer, who was

:01:19. > :01:25.murdered in the West is that terror attack, has arrived before his

:01:26. > :01:32.funeral later today. Now it is time for Asia Business Report.

:01:33. > :01:40.-- Westminster terror. Benneteau Toshiba is in the spotlight this

:01:41. > :01:46.week. We'll find out why their troubles mirror what is wrong with

:01:47. > :01:56.Japan. Andrew rules on this guy. We look at Singapore's efforts to

:01:57. > :02:01.control the airspace use for drones. Hello and welcome to Asia Business

:02:02. > :02:04.Report. I'm Sharanjit Leyl. And welcome to a brand-new week. And

:02:05. > :02:08.these are few things we are expecting on the corporate calendar

:02:09. > :02:13.this week. On Tuesday, Toshiba is due to release its earnings. The

:02:14. > :02:16.troubled Japanese conglomerate has been delaying releasing its results.

:02:17. > :02:20.It is done that already twice while trying to assess losses from its US

:02:21. > :02:30.nuclear business. On Thursday, we get the first good result from

:02:31. > :02:35.JPMorgan Chase. And in -- it is a short trading week with Good Friday

:02:36. > :02:39.coming up. And to help map out the trading agenda, I spoke with a

:02:40. > :02:45.market hours. I first asked him if the geopolitical issues after the

:02:46. > :02:51.missile strikes on Syria, and the warships in the area of the Korean

:02:52. > :02:56.Peninsula could rattle investors. There will be some nervousness about

:02:57. > :03:02.it. But I think the carrier battle group is sabre-ratting by the US

:03:03. > :03:06.administration. To be honest, to take North Korea, you will need more

:03:07. > :03:13.than a carrier battle group. So I think this is more of a PR exercise,

:03:14. > :03:18.rather than a serious precursor to some action going on there. Let's

:03:19. > :03:21.take a look at Toshiba, now. They have a busy been delaying their

:03:22. > :03:27.earnings results. They said finally this is due out on Tuesday. Why

:03:28. > :03:31.these constant delays, and what impacts will this have on market,

:03:32. > :03:35.has? The main reason is they could not get their core to three accounts

:03:36. > :03:38.signed off by the auditor, and that was because they could not quantify

:03:39. > :03:43.the losses on their nuclear business. Now that Westinghouse is

:03:44. > :03:46.in receivership, I guess they are in a position for Korda 3-2 quantify

:03:47. > :03:51.that. Because Isaby write the whole lot. They have a lot of contingent

:03:52. > :03:57.liabilities from loan guarantees to which they gave to Westinghouse. And

:03:58. > :04:01.they also have a UK nuclear plant that they are fully liable for to

:04:02. > :04:06.build. So there is nothing but bad news, there. So it was either

:04:07. > :04:10.produce Ecosys week or be delisted from the Tokyo stock exchange. We'll

:04:11. > :04:15.be watching for that closely. They cannot afford another delay. Let's

:04:16. > :04:21.take another look at the US banks. We know that it is a much tighter

:04:22. > :04:26.regular tree environment in the US. Present Donald Trump has talked

:04:27. > :04:31.about rolling back some of the provisions of the Dodd-Frank act,

:04:32. > :04:34.which could be positive for US-backed. With US interest rates

:04:35. > :04:40.rising in the United States, and a more positive yield curve, this

:04:41. > :04:43.could be positive for US bank earnings. Sibley put, the higher the

:04:44. > :04:47.rates go, the high they can judge the loans. So the more money they

:04:48. > :04:57.can make. So the US economy is doing very well, despite the heat up --

:04:58. > :05:01.hiccup. -- simply. It was not a great job report from the US on

:05:02. > :05:08.Friday. The other thing that rattle those last week was this idea that

:05:09. > :05:12.from the -- that they would be scaling back on the balance sheet

:05:13. > :05:15.for the central bank. A lot of concerns about that. Will they

:05:16. > :05:20.continue to cause rattles? That is effectively a fourth tightening.

:05:21. > :05:24.Industries racked it as did the foreign exchange straightaway. The

:05:25. > :05:27.bond market did not. I would expect that to start affecting the bond

:05:28. > :05:35.market and we will see higher yields there. Effectively, that will be the

:05:36. > :05:39.fourth tightening for 2017. The operator of Hong Kong's gold

:05:40. > :05:42.exchange is in talks with Myanmar to help the government there to set up

:05:43. > :05:47.a similar exchange in the country. Myanmar's location along the route

:05:48. > :05:50.of the Chinese one belt route makes it an attractive spot to capture the

:05:51. > :05:56.commodities trade in the region. That is the view of the president of

:05:57. > :06:00.the Gold exchange society. That is the group advising Myanmar on the

:06:01. > :06:05.venture. The US Secretary of State, Brett Allison, has arrived in Italy

:06:06. > :06:09.to begin discussions later date with the major European powers on ways to

:06:10. > :06:19.increase pressure on finance it to distance himself from Syria's

:06:20. > :06:22.President al-Assad. Rex Tillerson will meet Boris Johnson and fellow

:06:23. > :06:31.foreign ministers from the G7 grouping, including others.

:06:32. > :06:37.Researchers are women who take a career break take a tough time to

:06:38. > :06:44.return to the walking work. In Hong Kong, 67% levered jobs for various

:06:45. > :06:49.reasons. But less than half of employers surveyed said they would

:06:50. > :06:55.hire a woman returning to the workforce. To find out why, I pose

:06:56. > :07:00.the question to Soviva Robert Waters, who conducted the survey.

:07:01. > :07:08.The purpose of doing this survey was to uncover any bias towards this

:07:09. > :07:12.group of talents that we encounter on a daily basis. I think some of

:07:13. > :07:15.the reasons that we uncovered that prevent these people from getting

:07:16. > :07:20.into the work first as quickly as others. -- workforce to please

:07:21. > :07:25.others include that they might be up to rise to the challenge as quickly

:07:26. > :07:29.as they could, if in an active role, because they will have taken time

:07:30. > :07:32.out and will not have been keeping up with industry trends or market

:07:33. > :07:38.trends as quickly as other counterparts. So, and also, as a

:07:39. > :07:43.result, personal commitments, but those who had taken time to take

:07:44. > :07:46.care of children or elderly parents, sometimes they feel that they might

:07:47. > :07:52.be as committed. What can governments, as well as employment

:07:53. > :07:55.is possibly -- as well as employers, do to change has? I love that

:07:56. > :07:59.question. Interestingly, in Singapore Parliament, it was raised

:08:00. > :08:04.last week, a motion highlighting the aspirations of women in Singapore.

:08:05. > :08:07.And there were a slew of measures be discussed. Topics being brought up

:08:08. > :08:11.to identify this group of people, that they are actually an integral

:08:12. > :08:17.part of the workforce, not just in Singapore, but in the wider region

:08:18. > :08:20.as Asia-Pacific. With a wealth of experience experience and these

:08:21. > :08:24.people are actually definitely a lot more, you know, they can bring with

:08:25. > :08:27.them great time management skills, organisational skills, benefits that

:08:28. > :08:31.you might not see in some of these other talents that we are dealing

:08:32. > :08:34.with at this moment. We are seeing, as you say, the Singapore government

:08:35. > :08:37.tried to address this issue in terms of policy, but in terms of your

:08:38. > :08:43.Outlook and your survey, which countries in Asia specifically need

:08:44. > :08:46.women to return to work the most? Southeast Asia, China, where see

:08:47. > :08:51.this problem being particularly acute? I think if you look across

:08:52. > :08:56.Southeast Asia and greater China, the economy to grow right now. The

:08:57. > :09:00.emerging markets in Southeast Asia, like Indonesia and Thailand, Vietnam

:09:01. > :09:05.lives as these are the countries that are most lacking in talent, and

:09:06. > :09:07.I just want to highlight that we focus on white-collar working

:09:08. > :09:12.professionals. And these individuals, these are young,

:09:13. > :09:18.capable, smart women, they can bring experience to meet the labour

:09:19. > :09:22.shortage in local markets. This guy is the limit for the number of these

:09:23. > :09:28.things. They are drones. They are expected to hit Singapore 's air

:09:29. > :09:33.space next ten years. The additional traffic will cause dangers. To

:09:34. > :09:37.prevent crashes, experts at the Civil Aviation Authority of

:09:38. > :09:39.Singapore are working on a system with university researchers to keep

:09:40. > :09:53.drones on the same path. -- safe. There is a need for a system to

:09:54. > :09:57.govern the operation of drones. We also know that the government

:09:58. > :10:06.agencies are looking at more usage of drones, operations which are

:10:07. > :10:13.dull, dirty, and dangerous. These types of work would be best done by

:10:14. > :10:18.a robot or by a drone. For instance, if you want to inspect a chimney,

:10:19. > :10:22.for instance, you would not want to censor me up and down the chimney.

:10:23. > :10:28.You just use a drone to go and conduct an inspection.

:10:29. > :10:36.The reason you see many drones flying in big areas, and especially

:10:37. > :10:44.in urban areas, is because the safety is something that we must

:10:45. > :10:47.take care. Singapore, many people may not realise that the open

:10:48. > :10:57.Essbase is actually finite and limited. They are potentially

:10:58. > :11:10.interfering with military. There is a need to divide them. There is a

:11:11. > :11:14.way to fence a virtual wall around an area, because we do not want to

:11:15. > :11:22.allow any drones to enter into that area. This will require the

:11:23. > :11:26.technology that supports the surveillance, and knowing positions

:11:27. > :11:29.well enough, so that if a particular area is geo- fenced, that this

:11:30. > :11:44.information can be uploaded. Very exciting stuff. A quick look at

:11:45. > :11:48.the market before we go. They have opened higher, as you can see. And

:11:49. > :11:50.that is it for this edition of Asian, at Asia Business Report. They

:11:51. > :11:55.keep watching. -- this edition -- this edition of