:00:00. > :00:00.Ian Brady - one of Britian's most notorious serial killers -
:00:00. > :00:13.He killed five children and teenagers in the 1960s.
:00:14. > :00:22.We cross to Singapore for the latest business news. Singapore airlines'
:00:23. > :00:27.earnings are due out later today. It is still a great way to fly. A windy
:00:28. > :00:33.proposition in the Philippines, but will the ousting of the environment
:00:34. > :00:42.secretary change its target for renewables? Good morning Asia and
:00:43. > :00:46.hello world. It is a Tuesday. Glad you could join us by Asia Business
:00:47. > :00:54.Report. I'm Rico Hizon. It is Southeast Asia's biggest airline
:00:55. > :00:58.group. But Singapore airlines is dating increasing competition. Some
:00:59. > :01:03.analysts suggest the carrier might soon go into debt for the first time
:01:04. > :01:08.in more than a decade. So will profits take off or hit turbulence
:01:09. > :01:12.this time round? Here is a forecast. I think they will come out with a
:01:13. > :01:22.decent profit when the numbers come out. They have strong cash flow.
:01:23. > :01:30.They have very deep pockets, and very strategic view of what they
:01:31. > :01:34.want to do in the next 3-5 years. I think that they have finally come on
:01:35. > :01:39.board and know what to do for the next two years. And they are on a
:01:40. > :01:44.record plane buying spree, but are not paying in cash? They are
:01:45. > :01:47.starting to have a net debt position. This is an interesting
:01:48. > :01:53.thing for Singapore airlines. They have previously only played in cash.
:01:54. > :01:57.-- paid. They are saying that money is cheap, interest rates are low, so
:01:58. > :02:04.why not go out and diversified? $53 billion worth of new aircraft on the
:02:05. > :02:11.pipeline. Will this mean they will be proactively taking on more debt
:02:12. > :02:15.in the future? First of all, they will not pay $53 billion. They are a
:02:16. > :02:19.strong name and will have a huge discount. What they are doing, if
:02:20. > :02:30.you look at the orders, they are looking more at planes like the ABBA
:02:31. > :02:35.said to 50. -- Airbus A350. That is where the money will be. They are
:02:36. > :02:41.also facing increased competition on the low-end of the spectrum, but
:02:42. > :02:47.eagerly AirAsia. And are bringing this low-cost model to China. Will
:02:48. > :02:51.the Chinese airlines allow it? -- but especially. They had to try.
:02:52. > :02:56.China is the biggest frontier in aviation. They have to be there. I
:02:57. > :03:01.think they will do well. They have the resources and the know-how. They
:03:02. > :03:07.have very good management. I think everything goes with them. What is
:03:08. > :03:14.the potential of success for a Asia in China? Very good. They have grown
:03:15. > :03:18.very big in China. They have briefly to do that. -- AirAsia. They now
:03:19. > :03:21.have eight close political relationship between Malaysia and
:03:22. > :03:25.China. So they have everything going for them in China. But there is a
:03:26. > :03:32.huge market within China, as well, where other players will potentially
:03:33. > :03:38.command. -- come in in the new future. In other business news,
:03:39. > :03:41.Western Digital is seeking international arbitration to stop
:03:42. > :03:47.Toshiba from selling its chip business without consent. The two
:03:48. > :03:52.companies maintained their largest facilities. The cash bonus could be
:03:53. > :03:59.a boost for tissue. The Japanese Company has warned of a net loss of
:04:00. > :04:04.around $8 billion US, due to its bankrupt US nuclear business. The
:04:05. > :04:07.manual macron has called for a reconstruction of Europe, following
:04:08. > :04:13.talks with the German Chancellor in Berlin. On his first foreign trip as
:04:14. > :04:17.president, Emmanuel Macron said that he would agree to draw a roadmap to
:04:18. > :04:20.changes to the European Union. The two leaders stressed the need to
:04:21. > :04:25.deepen integration in the eurozone, and said they would be to change
:04:26. > :04:33.treaties is necessary. Gruber has been told to return thousands of
:04:34. > :04:45.files downloaded and taken from a self driving car division. -- Uber.
:04:46. > :04:52.Gruber has been sued over claims that trade secrets were stolen that
:04:53. > :04:56.we use by rival. From right hailing apps to mobile phone SATs, and their
:04:57. > :05:02.usage has been on the rise in Asia. Fewer are making trips to the bank
:05:03. > :05:11.and ATMs. The use of finance apps has more than doubled in Asia since
:05:12. > :05:18.2014. And more than 110 billion sessions took place in Asia last
:05:19. > :05:24.year. Earlier, I spoke with someone from a company that compiles darter
:05:25. > :05:29.on the app market. We have a birds eye view of these trends. These apps
:05:30. > :05:33.have been taking off. They you to deposit tax, either by taking a
:05:34. > :05:40.picture, moved money, or pay bills. And they have been growing as you
:05:41. > :05:46.said, the large numbers here, over 100 billion sessions in Asia. This
:05:47. > :05:52.comes from a low base, because a lot of Asians are still quite
:05:53. > :05:58.financially illiterate? It is the biggest market for the use of this
:05:59. > :06:06.kind of app. It has grown at over 100% a year. In China, downloads
:06:07. > :06:10.grew 200% over the last years. In Southeast Asia, over 150%. In
:06:11. > :06:15.Australia and South Korea, sessions are approaching 30 per month, which
:06:16. > :06:19.means people use these apps almost every day. Every single day? We are
:06:20. > :06:24.quite surprised with all of these numbers. But particularly, where are
:06:25. > :06:30.these financial applications being used? I am sure Japan, Singapore,
:06:31. > :06:35.South Korea... Most of the developed economies here in Asia. But what
:06:36. > :06:39.about Southeast Asia? It is definitely in developed economies.
:06:40. > :06:44.It makes sense. From a financial institution standpoint, if you get
:06:45. > :06:52.users to use the up for more transactions -- app. That means that
:06:53. > :06:56.they are going to branches, ATMs, and overall they save a lot of
:06:57. > :07:02.money. Have you deal with cyber attacks? Most banks will secure
:07:03. > :07:07.transactions in the same way that they do with credit card, so there
:07:08. > :07:12.is fraud, they will secure the transaction if it is reported. -- if
:07:13. > :07:25.there is fraud. Regina Lopez recently turned a spotlight on the
:07:26. > :07:29.track was in favour of going towards using renewable energy. When funds
:07:30. > :07:36.are part of that mix, and one year in Manila -- one area of Manila is
:07:37. > :07:42.not only providing jobs, but Torres. It is a huge challenge for the
:07:43. > :07:45.Philippines to find cheaper, cleaner, and more efficient ways of
:07:46. > :07:53.power its growing population and economy. Jeannot Lopez was forced
:07:54. > :08:01.out of a job as environmental Minister after making many enemies.
:08:02. > :08:06.-- app. She won the support of environmentalists for her push for
:08:07. > :08:11.more renewable energy. We all know that coal and crude oil is a lot
:08:12. > :08:14.dirtier. -- Gina Lopez. And with awareness of climate change, we want
:08:15. > :08:20.to reduce the admission of carbon into the atmosphere and wind power
:08:21. > :08:25.does not produce any carbon emissions. If anything, it produces
:08:26. > :08:32.only clean energy for the country. It is a work in process. This farm
:08:33. > :08:37.produces more than 150 million kilowatts a year. That is enough to
:08:38. > :08:44.power 66,000 households. Still, it is only a fraction of the 20,000
:08:45. > :08:47.megawatts of power at the country can now generate. With the
:08:48. > :08:53.government expecting energy demand to double by 2030, the Philippines
:08:54. > :08:57.must develop and tap into every megawatt he can get. These 27
:08:58. > :09:04.turbines are just generate power, they also generate jobs, revenue,
:09:05. > :09:08.and even tourism. More than 340,000 visitors have hit this viewing deck
:09:09. > :09:12.since it opened to the public last year.
:09:13. > :09:16.TRANSLATION: This is helpful in says that a lot of people can see the
:09:17. > :09:20.beauty of the Philippines, not just the trash. Here, the air is fresh,
:09:21. > :09:26.and people are benefiting from the electricity it generates. AT
:09:27. > :09:33.souvenir shops on the way to the farm also do a roaring trade. The
:09:34. > :09:41.company here plans to double the size of this windfarm and build new
:09:42. > :09:45.ones. Despite the rejection as Environment Secretary, Gina Lopez
:09:46. > :09:53.may see her hopes for more renewable energy in the Philippines becoming
:09:54. > :09:58.reality. And before we go, here is a quick look at the markets. Beijer is
:09:59. > :10:04.rising in early Tuesday trade. Most in positive territory after
:10:05. > :10:13.commodity stocks, cybersecurity shares and more went strong. Tokyo
:10:14. > :10:22.is up by 120 -- 112.17 points. This is its highest level since 2017. The
:10:23. > :10:26.Dow is up by 85 points and the NASDAQ composite index is lower by
:10:27. > :10:30.13. They give are investing your time with us. I'm Rico Hizon. Sport
:10:31. > :10:46.Today is coming up next. Stay with us BBC World News. You are watching
:10:47. > :10:47.BBC News. It has been announced that Ian Brady has died. The