09/08/2017 Asia Business Report

luggage, has been convicted of possessing explosives with intent

Now on BBC News all the latest business news live from Singapore.

Paying the price dashes economic of tough sanctions on North Korea by

its closest neighbour, China. And stem cell banking but is it worth

the cost? It is a Wednesday, good morning Asia, hello world and glad

you can join us. The words from US President Donald Trump, fire and

fury, frightening North Korea if the country does not give up its Newk

ambition. -- threatening. But will they have any impact? -- 's nuclear

ambition. More than $5 billion worth of good in 2015. The Chinese Foreign

Minister said that traditional economic ties mean it will mainly be

China paying the price. He was referring to UN sanctions slashing

$1 billion in estimated value. I spoke to an economist who says China

will not be severely affect dead. I think China is a huge economy and it

is basically importing from North Korea coal, iron ore, seafood,

things that are not banned under the UN sanctions. It. Importing idle and

seafood and has already stopped importing coal. --I all. The China,

it has many alternative supplies. For coal it has already diverted

other sources from domestic supplies or other global sources. In terms of

iron ore if he gathered from Brazil or Australia. Donald Trump also

wants to him important -- impose trade barriers. The UN Security

Council putting bands is important. From the US perspective, they were

going to reduce their efforts to put pressure on China in relation to

trade differences because they really appreciated the Chinese

impose the new resolutions. It will impact North Korean economy by a

third at what if they continue their tough stand and posturing? What is

likely to happen next? There is still room to escalate sanctions and

that is what Secretary of State Rex Tillerson is doing by attending the

asiago forum -- asked ASEAN Forum. Also reducing Thailand's link to

North Korea. Taking a look at some earnings news. A fall in bad debts

and Commonwealth bank said there was a rise as a result of being accused

of breaking money-laundering laws more than 50,000 times. The bank is

claiming a software glitch is to blame. More than $400 billion to be

slashed as a restructuring for time link. It has been struggling with

falling advertising and revenues as more people read articles online.

The term has already cut jobs and its shareholder dividends to reduce

costs. -- the firm. Profitability falling by 9% in the three months to

June two $2.4 billion because of higher programming cost and fall of

television subscribers but what a surprise of the markets was the news

that it plans to pull its movies from Netflix. Disney pulling out

from Netflix, this is one less major provider for the stream so first? It

is quite a big blow for Netflix because the two companies had come

to an agreement back in 2012 but that only kick in last year. Net

flick has hardly seen any benefit from the deal. Now they are pulling

all movies in order to start its streaming service. It makes sense

for Disney with all the movies and shows it can offer and in order to

do so it is buying an additional state in the company to boost its

video streaming. ESPN is going to start a similar service next year.

ESPN has been losing a lot of money, particularly on the cable side, they

have been cutting. What about some of those great movies like Star

Wars? By not going to lose them just yet, Netflix. Disney says it. It

from the new movies from 2019. So not the final Star Wars will be

available. Thank you so much for joining us. Well, moving on. The

third instalment of our series of running across the BBC. Today we

turn to India and the controversial topic of stem cell banking. In the

future it is expected that these cells will be used to treat a host

of genetic disorders and rebuild damaged tissue. Some companies are

taking advantage and making good money by offering the bank these

stem cells. Is this money will spent when the benefits are clear? --

unclear. Moments after entering the well, this pay big L may have

already saved another lie. Her stem cells are being others that from the

blood in her at umbilical cord. With hundreds of trials under way

globally, one day they could be used to cure a number of genetic

disorders. This is the best time to harvest stem cells, rather than a

painful procedure later in life. And there is huge potential for stem

cell banking here. At Moe people need to do what is happening here.

India Council 20% of the world 's population but less than 1% of stem

cell donors come from here. That means the chances of finding a

suitable match in India are extremely low. Awareness is growing.

A customer base of 250,000 people -50,000 signing up last year alone.

As a business expense, prices have come down. It costs just over $1000

to stall stem cells was 75 years. It is still a high cost for the average

Indian especially when the chance of using your stem cells for treatment

at less than 0.0 1%. The benefit was only limited to the baby but now we

have made a way that parents can share stem cells at large and that

increases the odds. It is a multi- folded benefit. Experts agree that

sharing stem cells will increase the chances of finding a donor

exponentially. The concept of community banking encouraged

first-time parents to bank their babies stem cells. We are very lucky

that something will come from a baby to help babies in the future.

Although sceptics said the medical science is in the early stages,

parents are willing to take a chance and pay the price to potentially

protect their new arrivals. Join us in the conversation online. We are

asking whether stem cell banking is a worthwhile investment in the

future. Let us know your thoughts. Looking at the financial markets in

Asia... Rising tensions between the US and North Korea, the Nikkei is

down. And the all ordinary is getting back a 2.5 points --8. Thank

you for joining us.