09/08/2017 Asia Business Report


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09/08/2017

Live from Singapore, the essential business news as it breaks and a look ahead to the news that will shape the business day.


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luggage, has been convicted of possessing explosives with intent

:00:00.:00:00.

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

:00:00.:00:16.

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

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

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

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

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

:00:55.:01:00.

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

:01:01.:01:09.

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

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Minister said that traditional economic ties mean it will mainly be

:01:20.:01:25.

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

:01:26.:01:31.

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

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

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

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

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

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

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

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

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

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

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

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trade differences because they really appreciated the Chinese

:03:03.:03:11.

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

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

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

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

:03:29.:03:47.

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

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

:03:58.:04:08.

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

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

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

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

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falling advertising and revenues as more people read articles online.

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

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

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

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

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

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

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

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

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

:05:44.:05:50.

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

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

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

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

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

:06:16.:06:23.

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

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

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

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

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

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

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

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of genetic disorders and rebuild damaged tissue. Some companies are

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taking advantage and making good money by offering the bank these

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

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

:07:41.:07:44.

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

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

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

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

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

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

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

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

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

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

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

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

:08:51.:08:55.

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

:08:56.:09:04.

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

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

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

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sharing stem cells will increase the chances of finding a donor

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exponentially. The concept of community banking encouraged

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

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

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

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

:09:53.:09:57.

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

:09:58.:10:01.

asking whether stem cell banking is a worthwhile investment in the

:10:02.:10:07.

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

:10:08.:10:12.

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

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

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you for joining us.

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