Browse content similar to 16/05/2017. Check below for episodes and series from the same categories and more!
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Ian Brady - one of Britian's most notorious serial killers - | :00:00. | :00:00. | |
He killed five children and teenagers in the 1960s. | :00:00. | :00:13. | |
We cross to Singapore for the latest business news. Singapore airlines' | :00:14. | :00:22. | |
earnings are due out later today. It is still a great way to fly. A windy | :00:23. | :00:27. | |
proposition in the Philippines, but will the ousting of the environment | :00:28. | :00:33. | |
secretary change its target for renewables? Good morning Asia and | :00:34. | :00:42. | |
hello world. It is a Tuesday. Glad you could join us by Asia Business | :00:43. | :00:46. | |
Report. I'm Rico Hizon. It is Southeast Asia's biggest airline | :00:47. | :00:54. | |
group. But Singapore airlines is dating increasing competition. Some | :00:55. | :00:58. | |
analysts suggest the carrier might soon go into debt for the first time | :00:59. | :01:03. | |
in more than a decade. So will profits take off or hit turbulence | :01:04. | :01:08. | |
this time round? Here is a forecast. I think they will come out with a | :01:09. | :01:12. | |
decent profit when the numbers come out. They have strong cash flow. | :01:13. | :01:22. | |
They have very deep pockets, and very strategic view of what they | :01:23. | :01:30. | |
want to do in the next 3-5 years. I think that they have finally come on | :01:31. | :01:34. | |
board and know what to do for the next two years. And they are on a | :01:35. | :01:39. | |
record plane buying spree, but are not paying in cash? They are | :01:40. | :01:44. | |
starting to have a net debt position. This is an interesting | :01:45. | :01:47. | |
thing for Singapore airlines. They have previously only played in cash. | :01:48. | :01:53. | |
-- paid. They are saying that money is cheap, interest rates are low, so | :01:54. | :01:57. | |
why not go out and diversified? $53 billion worth of new aircraft on the | :01:58. | :02:04. | |
pipeline. Will this mean they will be proactively taking on more debt | :02:05. | :02:11. | |
in the future? First of all, they will not pay $53 billion. They are a | :02:12. | :02:15. | |
strong name and will have a huge discount. What they are doing, if | :02:16. | :02:19. | |
you look at the orders, they are looking more at planes like the ABBA | :02:20. | :02:30. | |
said to 50. -- Airbus A350. That is where the money will be. They are | :02:31. | :02:35. | |
also facing increased competition on the low-end of the spectrum, but | :02:36. | :02:41. | |
eagerly AirAsia. And are bringing this low-cost model to China. Will | :02:42. | :02:47. | |
the Chinese airlines allow it? -- but especially. They had to try. | :02:48. | :02:51. | |
China is the biggest frontier in aviation. They have to be there. I | :02:52. | :02:56. | |
think they will do well. They have the resources and the know-how. They | :02:57. | :03:01. | |
have very good management. I think everything goes with them. What is | :03:02. | :03:07. | |
the potential of success for a Asia in China? Very good. They have grown | :03:08. | :03:14. | |
very big in China. They have briefly to do that. -- AirAsia. They now | :03:15. | :03:18. | |
have eight close political relationship between Malaysia and | :03:19. | :03:21. | |
China. So they have everything going for them in China. But there is a | :03:22. | :03:25. | |
huge market within China, as well, where other players will potentially | :03:26. | :03:32. | |
command. -- come in in the new future. In other business news, | :03:33. | :03:38. | |
Western Digital is seeking international arbitration to stop | :03:39. | :03:41. | |
Toshiba from selling its chip business without consent. The two | :03:42. | :03:47. | |
companies maintained their largest facilities. The cash bonus could be | :03:48. | :03:52. | |
a boost for tissue. The Japanese Company has warned of a net loss of | :03:53. | :03:59. | |
around $8 billion US, due to its bankrupt US nuclear business. The | :04:00. | :04:04. | |
manual macron has called for a reconstruction of Europe, following | :04:05. | :04:07. | |
talks with the German Chancellor in Berlin. On his first foreign trip as | :04:08. | :04:13. | |
president, Emmanuel Macron said that he would agree to draw a roadmap to | :04:14. | :04:17. | |
changes to the European Union. The two leaders stressed the need to | :04:18. | :04:20. | |
deepen integration in the eurozone, and said they would be to change | :04:21. | :04:25. | |
treaties is necessary. Gruber has been told to return thousands of | :04:26. | :04:33. | |
files downloaded and taken from a self driving car division. -- Uber. | :04:34. | :04:45. | |
Gruber has been sued over claims that trade secrets were stolen that | :04:46. | :04:52. | |
we use by rival. From right hailing apps to mobile phone SATs, and their | :04:53. | :04:56. | |
usage has been on the rise in Asia. Fewer are making trips to the bank | :04:57. | :05:02. | |
and ATMs. The use of finance apps has more than doubled in Asia since | :05:03. | :05:11. | |
2014. And more than 110 billion sessions took place in Asia last | :05:12. | :05:18. | |
year. Earlier, I spoke with someone from a company that compiles darter | :05:19. | :05:24. | |
on the app market. We have a birds eye view of these trends. These apps | :05:25. | :05:29. | |
have been taking off. They you to deposit tax, either by taking a | :05:30. | :05:33. | |
picture, moved money, or pay bills. And they have been growing as you | :05:34. | :05:40. | |
said, the large numbers here, over 100 billion sessions in Asia. This | :05:41. | :05:46. | |
comes from a low base, because a lot of Asians are still quite | :05:47. | :05:52. | |
financially illiterate? It is the biggest market for the use of this | :05:53. | :05:58. | |
kind of app. It has grown at over 100% a year. In China, downloads | :05:59. | :06:06. | |
grew 200% over the last years. In Southeast Asia, over 150%. In | :06:07. | :06:10. | |
Australia and South Korea, sessions are approaching 30 per month, which | :06:11. | :06:15. | |
means people use these apps almost every day. Every single day? We are | :06:16. | :06:19. | |
quite surprised with all of these numbers. But particularly, where are | :06:20. | :06:24. | |
these financial applications being used? I am sure Japan, Singapore, | :06:25. | :06:30. | |
South Korea... Most of the developed economies here in Asia. But what | :06:31. | :06:35. | |
about Southeast Asia? It is definitely in developed economies. | :06:36. | :06:39. | |
It makes sense. From a financial institution standpoint, if you get | :06:40. | :06:44. | |
users to use the up for more transactions -- app. That means that | :06:45. | :06:52. | |
they are going to branches, ATMs, and overall they save a lot of | :06:53. | :06:56. | |
money. Have you deal with cyber attacks? Most banks will secure | :06:57. | :07:02. | |
transactions in the same way that they do with credit card, so there | :07:03. | :07:07. | |
is fraud, they will secure the transaction if it is reported. -- if | :07:08. | :07:12. | |
there is fraud. Regina Lopez recently turned a spotlight on the | :07:13. | :07:25. | |
track was in favour of going towards using renewable energy. When funds | :07:26. | :07:29. | |
are part of that mix, and one year in Manila -- one area of Manila is | :07:30. | :07:36. | |
not only providing jobs, but Torres. It is a huge challenge for the | :07:37. | :07:42. | |
Philippines to find cheaper, cleaner, and more efficient ways of | :07:43. | :07:45. | |
power its growing population and economy. Jeannot Lopez was forced | :07:46. | :07:53. | |
out of a job as environmental Minister after making many enemies. | :07:54. | :08:01. | |
-- app. She won the support of environmentalists for her push for | :08:02. | :08:06. | |
more renewable energy. We all know that coal and crude oil is a lot | :08:07. | :08:11. | |
dirtier. -- Gina Lopez. And with awareness of climate change, we want | :08:12. | :08:14. | |
to reduce the admission of carbon into the atmosphere and wind power | :08:15. | :08:20. | |
does not produce any carbon emissions. If anything, it produces | :08:21. | :08:25. | |
only clean energy for the country. It is a work in process. This farm | :08:26. | :08:32. | |
produces more than 150 million kilowatts a year. That is enough to | :08:33. | :08:37. | |
power 66,000 households. Still, it is only a fraction of the 20,000 | :08:38. | :08:44. | |
megawatts of power at the country can now generate. With the | :08:45. | :08:47. | |
government expecting energy demand to double by 2030, the Philippines | :08:48. | :08:53. | |
must develop and tap into every megawatt he can get. These 27 | :08:54. | :08:57. | |
turbines are just generate power, they also generate jobs, revenue, | :08:58. | :09:04. | |
and even tourism. More than 340,000 visitors have hit this viewing deck | :09:05. | :09:08. | |
since it opened to the public last year. | :09:09. | :09:12. | |
TRANSLATION: This is helpful in says that a lot of people can see the | :09:13. | :09:16. | |
beauty of the Philippines, not just the trash. Here, the air is fresh, | :09:17. | :09:20. | |
and people are benefiting from the electricity it generates. AT | :09:21. | :09:26. | |
souvenir shops on the way to the farm also do a roaring trade. The | :09:27. | :09:33. | |
company here plans to double the size of this windfarm and build new | :09:34. | :09:41. | |
ones. Despite the rejection as Environment Secretary, Gina Lopez | :09:42. | :09:45. | |
may see her hopes for more renewable energy in the Philippines becoming | :09:46. | :09:53. | |
reality. And before we go, here is a quick look at the markets. Beijer is | :09:54. | :09:58. | |
rising in early Tuesday trade. Most in positive territory after | :09:59. | :10:04. | |
commodity stocks, cybersecurity shares and more went strong. Tokyo | :10:05. | :10:13. | |
is up by 120 -- 112.17 points. This is its highest level since 2017. The | :10:14. | :10:22. | |
Dow is up by 85 points and the NASDAQ composite index is lower by | :10:23. | :10:26. | |
13. They give are investing your time with us. I'm Rico Hizon. Sport | :10:27. | :10:30. | |
Today is coming up next. Stay with us BBC World News. You are watching | :10:31. | :10:46. | |
BBC News. It has been announced that Ian Brady has died. The | :10:47. | :10:47. |