:00:11. > :00:13.I'm Babita Sharma with the BBC News headlines.
:00:14. > :00:17.China urges North Korea to suspend its nuclear and missile
:00:18. > :00:19.programmes after the UN approves new sanctions.
:00:20. > :00:22.The measures aim to deprive Pyongyang of more than $1 billion
:00:23. > :00:26.China says that sanctions are needed, but has been
:00:27. > :00:33.A government-backed investigation in Myanmar has rejected allegations
:00:34. > :00:35.that its military committed atrocities against Rohingya Muslims
:00:36. > :00:38.The UN argued it's likely that crimes against humanity
:00:39. > :00:47.And this story is trending on bbc.com.
:00:48. > :00:50.Iranian MPs have been urged to take courses in universal moral values
:00:51. > :00:54.after some of them crowded around EU diplomat Federica Mogherini to take
:00:55. > :01:01.Some social media users said MPs had embarrassed the nation.
:01:02. > :01:15.The Government has launched a review into the cost of energy,
:01:16. > :01:20.But critics have questioned what the inquiry, to be completed
:01:21. > :01:22.by the end of October, will actually achieve.
:01:23. > :01:37.Now on BBC News, all the latest business news live from Singapore.
:01:38. > :01:47.The UN hits North Korea with its harshest sanctions yet over its
:01:48. > :02:00.nuclear and missile programme. And trading in big bucks for cash.
:02:01. > :02:09.Sowing the seeds of a childhood dream. Good morning, Asia. Hello,
:02:10. > :02:13.world. Welcome to another edition of Asia Business Report. It's a Monday.
:02:14. > :02:15.I am Marika Oi. The UN Security Council unanimously approved tougher
:02:16. > :02:21.sanctions against North Korea which could cost the country $1 billion a
:02:22. > :02:24.year. The US and China agree to the new measures after a month of talks
:02:25. > :02:30.with the hope they will pressure Pyongyang back to the negotiating
:02:31. > :02:35.table. Our reporter is on the story. Tell us the details of these new
:02:36. > :02:42.sanctions. As you mentioned, it is the toughest yet. Critically, China
:02:43. > :02:46.is on board. For these new sanctions to be effective, China needs to step
:02:47. > :02:51.up to the plate, which they seem to have done. They take 90% of the
:02:52. > :02:56.trade with North Korea. International sanctions are looking
:02:57. > :03:00.to hurt North Korea where it hurts most, the economy. They will do this
:03:01. > :03:10.in three ways, banning key exports of coal, seafood, and iron and lead.
:03:11. > :03:14.The second is banning new joint ventures with the country and
:03:15. > :03:22.investment. Even Egyptian firms are operating in Pyongyang already. The
:03:23. > :03:28.third aspect is the 100 thousand North Koreans working overseas. Now,
:03:29. > :03:34.no more guest workers are allowed from North Korea. That is to cut the
:03:35. > :03:39.money going back to Pyongyang. It is one thing to agree on new sanctions.
:03:40. > :03:42.In the past, we had issues of actually enforcing them. Can they
:03:43. > :03:50.and forced them this time? China has been accused in the past of not
:03:51. > :03:54.implementing sanctions. They have always wanted a softer approach with
:03:55. > :04:01.Pyongyang. They don't want the regime run by Kim Jong-un to
:04:02. > :04:08.collapse and they would have a refugee situation on the doorstep.
:04:09. > :04:14.They support this because they would face secondary sanctions from
:04:15. > :04:18.America. As they are the biggest trading partners with each other,
:04:19. > :04:23.China cannot afford that either. The records keep coming from US markets.
:04:24. > :04:27.Just last week, the Dow Jones industrial average broke 22,000
:04:28. > :04:33.points for the first time ever. Look at the numbers from Friday! Well
:04:34. > :04:40.above that psychological mark. What does this high valuation tell us
:04:41. > :04:46.about the economy? We have this report from New York. US markets
:04:47. > :04:51.have been doing this a lot lately, reaching record-breaking milestones,
:04:52. > :04:55.something everyone is taking notice of, even the president. The stock
:04:56. > :05:01.market hit an all-time record high today, over 22,000. We have picked
:05:02. > :05:05.up substantially now, more than $4 trillion in net worth in terms of
:05:06. > :05:11.our country, our stocks, our companies to bite it is true
:05:12. > :05:17.companies are on a record-breaking move. Amazon hit an all-time high.
:05:18. > :05:23.That is giving to these high as. As US markets go higher and higher, we
:05:24. > :05:27.should see more companies going public and listing on places like
:05:28. > :05:32.the New York Stock Exchange. But that is not happening. In fact,
:05:33. > :05:35.quite the opposite. The number of US companies that are listed are
:05:36. > :05:36.actually going down. Over the last decade, the number
:05:37. > :06:04.-- 3671. Nowadays, they have bank loans and even go overseas for
:06:05. > :06:08.investment. If there are less companies trading on the market,
:06:09. > :06:13.where has all this cash gone? People are wondering, if market
:06:14. > :06:19.capitalisations are as healthy as they are, and yet there are so many
:06:20. > :06:22.fewer firms, it must mean the typical firm is much larger than it
:06:23. > :06:26.once was. We are seeing that and lots of evidence is pointing that
:06:27. > :06:30.way up is furthermore, there is a much greater concentration of that
:06:31. > :06:37.capital in certain kinds of firms. That kind of thing does not help the
:06:38. > :06:40.broader US economy. Regulators are taking note. The president should
:06:41. > :06:47.use caution before taking credit. BBC News, New York. It has been two
:06:48. > :06:54.months since several Middle Eastern countries and Egypt cut ties with
:06:55. > :06:58.Qatar for alleged ties to terrorism, which the country denies. That has
:06:59. > :07:02.changed the environment of the wealthy countries. How much of an
:07:03. > :07:10.impact has been on businesses, it in particular the financial industry?
:07:11. > :07:15.There is definitely an impact. It is significant. In terms of financial
:07:16. > :07:22.stability, Qatar is a stable economy. They have resources. They
:07:23. > :07:35.have sovereign funds and Central Bank cash of $40 billion, twice the
:07:36. > :07:40.GDP. That is the long-term stable financial support. That will be the
:07:41. > :07:49.proactive support for the bank and business model. At the same time, we
:07:50. > :07:53.have seen the blockade. They want to move from WA2 to WA3. It doesn't
:07:54. > :08:02.mean anything. The financial stability of Qatar is a given in the
:08:03. > :08:07.long-term. The overall impact will be very, very minimal. What about
:08:08. > :08:14.foreign deposit, though? They have fallen sharply, in fact, the most in
:08:15. > :08:19.almost two years. That must have an impact on your business. Yes. There
:08:20. > :08:26.is a drain on deposits. There are knee-jerk reactions. This is unheard
:08:27. > :08:33.of. It has destabilised things in terms of those deposits. That is
:08:34. > :08:40.locally. Look at the demographics. And also, the outflow is $6 billion
:08:41. > :08:48.which is insignificant compared to the net assets Qatar has got. Yes,
:08:49. > :08:55.it is drained, but it is not significant. $6 billion is outflow.
:08:56. > :09:02.They have to mobilise short-term liquidity. That is precisely what
:09:03. > :09:08.happened. Japan's agriculture industry is facing an acute
:09:09. > :09:11.shortage. The number of farmers has fallen 20% in the last decade. The
:09:12. > :09:21.country is having to rely heavily on imports of food. That is why
:09:22. > :09:24.governments in Japan are trying to encourage start-ups. I met a
:09:25. > :09:33.28-year-old entrepreneur who has taken a huge pay cut to pursue her
:09:34. > :09:37.passion. Moving to a farming out it. This 28-year-old was once a
:09:38. > :09:48.highflying consultant for McKenzie. Today she is the Chief Executive of
:09:49. > :09:54.a small start-up called SenseSprout. It is a sensor that measures
:09:55. > :09:57.temperatures and ground moisture. Farmers can understand what is going
:09:58. > :10:03.on in the soil from their house, even when they are travelling
:10:04. > :10:08.abroad. These new ideas are what the government wants to encourage in the
:10:09. > :10:13.agriculture industry. So they receive funding from the government.
:10:14. > :10:17.We still need support from the government because it is not
:10:18. > :10:23.something that can become profitable overnight. First of all, we have to
:10:24. > :10:31.wait for the plants to grow to get the experiment results. At lunch, I
:10:32. > :10:36.asked her how farmers react to her being a young female CEO. There is a
:10:37. > :10:43.bit of competition. Especially in 30s and 40s. They tend to welcome us
:10:44. > :10:49.a light. It is more like ignorance, though. For younger farmers, the
:10:50. > :10:58.technology has allowed them to be more efficient. Chants we used to
:10:59. > :11:03.rely on our gut feeling. -- TRANSLATION:. There was no way of
:11:04. > :11:09.finding out how accurate we were. A product like this is very useful.
:11:10. > :11:13.Until recently, these sensors were rented out for free. Today, the
:11:14. > :11:22.company has several customers who pay $1000 per sensor. But it meant a
:11:23. > :11:28.big gamble for Lisa. Financially, I get enough money to support myself,
:11:29. > :11:32.so it is OK. I am still learning, but it is a series of interesting
:11:33. > :11:36.challenges. Convincing more young people to follow her footsteps is
:11:37. > :11:44.what the government needs to do to jumpstart the economy. We will show
:11:45. > :11:50.you the markets before we go. Asian markets are higher because of the
:11:51. > :11:55.strong jobs numbers from the United States on Friday. That is it for
:11:56. > :11:56.this edition of Asia Business