23/08/2017 Asia Business Report


23/08/2017

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

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United States turned up the pressure on North Korea by imposing new

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sanctions. And is China's largest vehicle maker

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cooling its prospects to buy the iconic American band chip? -- brand,

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Jeep? Good morning. Thanks for joining us for this edition of Asia

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Business Report. The US is expanding sanctions on

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North Korea in an attempt to stop the weapons programme. They are

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tightening sanctioning restrictions on companies accused of helping

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Pyongyang if they'd these existing sanctions. They are also seeking to

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recover millions of dollars. Let's cross over to our reporter. Who are

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these third-party companies? US prosecutors have added ten companies

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and six individuals to the North Korea sanctions list. These are

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predominantly Chinese and Russian companies which, as you said, had

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helped North Korea is a national sanctions and crucially helped them

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raise money for their nuclear weapons programme. Some of the

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companies that were named basically I'll buying or selling call from

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North Korea. -- are buying. Others helped provide financial services to

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North Korea. One other one was having foreign workers from North

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Korea go overseas and build statues. What has been the reaction of these

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Russian and Chinese companies that have been pinpointed by the United

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States? They aren't happy. Because they say it is unilateral and

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therefore potentially illegal. The Chinese and Russians said that the

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UN just over two weeks ago implemented tough new sanctions on

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North Korea and so they would adhere to that. But for the US to move

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ahead eye itself they are not in agreement. -- by itself. It seems

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there could be retaliation. Thank you for the update.

:02:30.:02:36.

It looks like great Wall motors is making a U-turn in prospects to buy

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Jeep. The Chinese automaker was said to be making a bid for the brand but

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now the company says there are the uncertainties as to whether it will

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continue to consider the option. The Chinese maker wants to become a

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globally recognised brand and buying Jeep would help it achieve its goal.

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Industry rivals have had mixed results with acquisitions. Geely had

:03:05.:03:09.

a turnaround after buying Volvo. A bid by Sichuan Tenzhong for

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General Motors' Hummer failed to clear regulators. I spoke to someone

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earlier from Shanghai and asked what uncertainties Great Wall Motors

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faces. If you are going to extract the crown jewel from Fiat Chrysler's

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portfolio you will have to pay a price. What they are doing if they

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aren't necessarily making a U-turn. I think they are taking a rest stop

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for a moment to see if they can position themselves. They aren't

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being aggressive. I think there is probably a positioning strategy for

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them. Apart from the price, could it also be the geopolitical situation?

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This is an American brand being sold at a time of heightened tensions.

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No, it's too early in the process. There's nothing stopping them from a

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discussion at this point. The regulators aren't going to say, you

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can't do that. Certainly Jeep is the quintessential American brand and

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has military heritage. It will be controversial in the US. But on the

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Chinese side I think it would be very prestigious for a Chinese

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company to have the depth and development to the point where they

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can even consider acquiring a global brand like Jeep. Taking away the

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pricing situation, will there be synergies between Great Wall Motors

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and Jeep? Certainly. Great Wall is at core and SUV manufacturer. Jeep

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is a premium SUV brand and is positioned nicely in China, so I

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think they complement each other well. Great Wall is a Chinese brand

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that would like to be global. That was an analyst in Shanghai.

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Continuing this theme, Ford is revving up to sell a new brand of

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electric vehicles in China. An announced plans to set up these

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plans -- it announced. And it says it will produce electric vehicles on

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the mainland. The Chinese company sold more than 16,000 all electric

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cars this year, through July. There are reported widespread flight

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cancellations due to the typhoon. Cathay Pacific announced the

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majority of flights into and out of Hong Kong, between now and 5pm local

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time. The Hong Kong airport authority is urging passengers to

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confirm their flights before heading to the airport.

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Talks between South Korea and the US failed to find a way to move forward

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on amending their five-year-old free-trade deal. Trump has called

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the agreement a job killer for the US, but the soul stressed that the

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US trade deficit with South Korea was not the result of the bilateral

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trade deal -- Seoul. It proposed a joint study to examine the effect of

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the agreement. Continuing our series this week, the

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Netherlands was the first country in the world that made it legal for

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doctors to help patients to die. Euthanasia now accounts for 4.5% of

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deaths, as more people who don't suffer from terminal illness are

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still opting for life ending treatment. But there's been

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opposition plans to further relax laws.

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How awesome for you to check me out. I am a stand-up comedian and a

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motivational speaker. She was a performer who adored the spotlight.

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But in 2015, she decided to end her life with euthanasia. She was so

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young, 25. But she had a lot of pain in her body. Physically, mentally.

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She couldn't deal with it. Her doctor granted her request on the

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fourth time of asking. She said, Mum, I've got news. I can go. It's

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my liberation day. She was such a happy child. 6300 patients were

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given a life ending treatment in the Netherlands in 2016 and 500 of them

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used this independent foundation. The End of Life clinic employs 55

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teams, consisting of a doctor and nurse, who travelled to people's

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homes to administer the lethal injection or hand over the lethal

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cocktail of drugs. In a country where medical insurance is

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mandatory, its insurance companies not individuals that pay the bill.

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But euthanasia critics around the world are worried about insurers

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focusing on their own profits, facilitating a voluntary death is

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relatively cheap, as little as $400, compared with a cost of treating a

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long-term terminal illness. The director at the End of Life clinic

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find this accusation is frustrating. It's not about the cost. What is

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driving us is to help these people who are in a situation that they

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say, please help me in dying, there is no other option. That's the

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reason why we are here. We are absolutely not cost driven, we are

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not-for-profit. Insurance companies also denied these claims, saying:

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Also 85% of Dutch people broadly support the current law, advocates

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of euthanasia want to relax the legislation even further to allow

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anyone over the age of 75 to choose death when they feel they've had

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enough of life. These proposals have horrified the Netherlands' small but

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politically powerful Christian lobby. That debate continues. For

:09:27.:09:32.

many thousands of people across the Netherlands, how it ends will truly

:09:33.:09:40.

be a matter of life or death. Join the conversation online and let

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us know your thoughts. Before we go, a look at the markets. Japan and

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Australia have open. The Nikkei is up by 129 point four. The All Ords

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gaining 35 points, 0.6%. This is because Wall Street stocks jumped

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overnight as investors took advantage of recent pullbacks in

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equities as worries about US political stability and tensions

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with North Korea received. The Dow Jones soaring by about 1%, 196

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points. The NASDAQ composite index in positive territory by 1.4%. As

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for the currency markets, the dollar advancing ahead of the meeting of

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central bankers. Thank you so much for investing your time with us and

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have a profitable Wednesday. See you again soon.

:10:38.:10:41.

The top stories this hour: Two days after an American warship

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and a tanker collided off the coast of Singapore,

:10:47.:10:48.

divers have found bodies inside the flooded compartments

:10:49.:10:53.

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