10/04/2017 Asia Business Report

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

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And our top story free here in the UK. PC Keith Palmer, who was

murdered in the West is that terror attack, has arrived before his

funeral later today. Now it is time for Asia Business Report.

-- Westminster terror. Benneteau Toshiba is in the spotlight this

week. We'll find out why their troubles mirror what is wrong with

Japan. Andrew rules on this guy. We look at Singapore's efforts to

control the airspace use for drones. Hello and welcome to Asia Business

Report. I'm Sharanjit Leyl. And welcome to a brand-new week. And

these are few things we are expecting on the corporate calendar

this week. On Tuesday, Toshiba is due to release its earnings. The

troubled Japanese conglomerate has been delaying releasing its results.

It is done that already twice while trying to assess losses from its US

nuclear business. On Thursday, we get the first good result from

JPMorgan Chase. And in -- it is a short trading week with Good Friday

coming up. And to help map out the trading agenda, I spoke with a

market hours. I first asked him if the geopolitical issues after the

missile strikes on Syria, and the warships in the area of the Korean

Peninsula could rattle investors. There will be some nervousness about

it. But I think the carrier battle group is sabre-ratting by the US

administration. To be honest, to take North Korea, you will need more

than a carrier battle group. So I think this is more of a PR exercise,

rather than a serious precursor to some action going on there. Let's

take a look at Toshiba, now. They have a busy been delaying their

earnings results. They said finally this is due out on Tuesday. Why

these constant delays, and what impacts will this have on market,

has? The main reason is they could not get their core to three accounts

signed off by the auditor, and that was because they could not quantify

the losses on their nuclear business. Now that Westinghouse is

in receivership, I guess they are in a position for Korda 3-2 quantify

that. Because Isaby write the whole lot. They have a lot of contingent

liabilities from loan guarantees to which they gave to Westinghouse. And

they also have a UK nuclear plant that they are fully liable for to

build. So there is nothing but bad news, there. So it was either

produce Ecosys week or be delisted from the Tokyo stock exchange. We'll

be watching for that closely. They cannot afford another delay. Let's

take another look at the US banks. We know that it is a much tighter

regular tree environment in the US. Present Donald Trump has talked

about rolling back some of the provisions of the Dodd-Frank act,

which could be positive for US-backed. With US interest rates

rising in the United States, and a more positive yield curve, this

could be positive for US bank earnings. Sibley put, the higher the

rates go, the high they can judge the loans. So the more money they

can make. So the US economy is doing very well, despite the heat up --

hiccup. -- simply. It was not a great job report from the US on

Friday. The other thing that rattle those last week was this idea that

from the -- that they would be scaling back on the balance sheet

for the central bank. A lot of concerns about that. Will they

continue to cause rattles? That is effectively a fourth tightening.

Industries racked it as did the foreign exchange straightaway. The

bond market did not. I would expect that to start affecting the bond

market and we will see higher yields there. Effectively, that will be the

fourth tightening for 2017. The operator of Hong Kong's gold

exchange is in talks with Myanmar to help the government there to set up

a similar exchange in the country. Myanmar's location along the route

of the Chinese one belt route makes it an attractive spot to capture the

commodities trade in the region. That is the view of the president of

the Gold exchange society. That is the group advising Myanmar on the

venture. The US Secretary of State, Brett Allison, has arrived in Italy

to begin discussions later date with the major European powers on ways to

increase pressure on finance it to distance himself from Syria's

President al-Assad. Rex Tillerson will meet Boris Johnson and fellow

foreign ministers from the G7 grouping, including others.

Researchers are women who take a career break take a tough time to

return to the walking work. In Hong Kong, 67% levered jobs for various

reasons. But less than half of employers surveyed said they would

hire a woman returning to the workforce. To find out why, I pose

the question to Soviva Robert Waters, who conducted the survey.

The purpose of doing this survey was to uncover any bias towards this

group of talents that we encounter on a daily basis. I think some of

the reasons that we uncovered that prevent these people from getting

into the work first as quickly as others. -- workforce to please

others include that they might be up to rise to the challenge as quickly

as they could, if in an active role, because they will have taken time

out and will not have been keeping up with industry trends or market

trends as quickly as other counterparts. So, and also, as a

result, personal commitments, but those who had taken time to take

care of children or elderly parents, sometimes they feel that they might

be as committed. What can governments, as well as employment

is possibly -- as well as employers, do to change has? I love that

question. Interestingly, in Singapore Parliament, it was raised

last week, a motion highlighting the aspirations of women in Singapore.

And there were a slew of measures be discussed. Topics being brought up

to identify this group of people, that they are actually an integral

part of the workforce, not just in Singapore, but in the wider region

as Asia-Pacific. With a wealth of experience experience and these

people are actually definitely a lot more, you know, they can bring with

them great time management skills, organisational skills, benefits that

you might not see in some of these other talents that we are dealing

with at this moment. We are seeing, as you say, the Singapore government

tried to address this issue in terms of policy, but in terms of your

Outlook and your survey, which countries in Asia specifically need

women to return to work the most? Southeast Asia, China, where see

this problem being particularly acute? I think if you look across

Southeast Asia and greater China, the economy to grow right now. The

emerging markets in Southeast Asia, like Indonesia and Thailand, Vietnam

lives as these are the countries that are most lacking in talent, and

I just want to highlight that we focus on white-collar working

professionals. And these individuals, these are young,

capable, smart women, they can bring experience to meet the labour

shortage in local markets. This guy is the limit for the number of these

things. They are drones. They are expected to hit Singapore 's air

space next ten years. The additional traffic will cause dangers. To

prevent crashes, experts at the Civil Aviation Authority of

Singapore are working on a system with university researchers to keep

drones on the same path. -- safe. There is a need for a system to

govern the operation of drones. We also know that the government

agencies are looking at more usage of drones, operations which are

dull, dirty, and dangerous. These types of work would be best done by

a robot or by a drone. For instance, if you want to inspect a chimney,

for instance, you would not want to censor me up and down the chimney.

You just use a drone to go and conduct an inspection.

The reason you see many drones flying in big areas, and especially

in urban areas, is because the safety is something that we must

take care. Singapore, many people may not realise that the open

Essbase is actually finite and limited. They are potentially

interfering with military. There is a need to divide them. There is a

way to fence a virtual wall around an area, because we do not want to

allow any drones to enter into that area. This will require the

technology that supports the surveillance, and knowing positions

well enough, so that if a particular area is geo- fenced, that this

information can be uploaded. Very exciting stuff. A quick look at

the market before we go. They have opened higher, as you can see. And

that is it for this edition of Asian, at Asia Business Report. They

keep watching. -- this edition -- this edition of