24/08/2017 Asia Business Report


24/08/2017

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Samsung Electronics unveils the Note eight, their successor to number

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seven which was famous for catching fire. We look at how Singapore is

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catering to higher demand for end of life care. Good morning, Asia, hello

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world. It's Thursday, glad you could join us. We start off with Samsung

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Electronics and South Korea's smart phone giant is trying to wipe the

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slate clean with their latest device, the Note eight. Its

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predecessor gained notoriety from exploding batteries. Recall is cost

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the company around 5 billion US dollars. I spoke about the safety of

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the latest device. We subject all of our devices to strenuous testing, we

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have used that and we are confident in our product delivery. Is going to

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be the most expensive mainstream phone on the market, are people

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really going to pay that price? We are anticipating this product to go

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on sale in the UK at ?869. It has the capabilities of multiple devices

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in a single device. We believe it is great value. There is no denying

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that the smartphone industry has become very competitive. Earlier I

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asked an analyst if the Note series can bounce back. The answer to that

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question is, have they done well with other products? It's Galaxy X8

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device has done well. What about the hardware of this Note eight? Day

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I've got to position it as the best product in the market in terms of

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memory, power and its camera -- they have. They say they have addressed

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the battery issues. I think, presumably definitely, they will

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have addressed that issue, given the huge cost they have had with the

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problems with the Note seven previously. Some consumers may hold

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back before purchasing it to check that everything is OK. What about

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the next iPhone? Everyone is awaiting its launch. Will it be any

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different from any other smart phone in the market? I think one of the

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key differentiator is and being successful in the smart phone market

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is new innovation. Everyone is waiting to see what the innovation

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will be for this new iPhone. It is ten years since the original launch.

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A lot of people are expecting facial recognition technology and possibly

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wireless charging. Going down memory Lane, do you recognise any of these

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phones I have with me right now? The evolution of the phone... It has

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been quite breathtaking. I think I have owned each of those devices at

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one point or another. I think that the real galvanised nation to the

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industry was the iPhone, ten years ago. It really changed the whole

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market. That was Andrew Milroy on the newsstands on Note eight. The

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shoemaker New Balance has had a landmark decision, that it was found

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that several companies had used their patented logo, it is believed

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to be the largest ever trademark infringement fine granted to a

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business in China. The ruling of this is, the size, it is not very

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common. Could it be because of the pressure from Donald Trump regarding

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intellectual property theft? Yes, Donald Trump did indicate plans to

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investigate China for intellectual property theft. This is a great move

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for companies looking to do business in China. Counterfeiting not only

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steals market share but damages the brand. New Balance have been around

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since 1995 and have been fighting so many counter threads. If you look at

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the pictures, the shoes look pretty much the same. They have got

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slightly different names, but they are very similar. The storefronts

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and logos look extremely similar. Sports makers seem to be one of the

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worst affected. Another company recently won a court case after

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there was a logo that looked pretty much identical. This is a problem

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facing many companies. Uncle Martian? Amazing! You also have the

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issue with bags, a single A, a double A and a triple A. What can

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companies do? If we had a segment where we did real and fake, many

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people could not tell the difference. The hope is that this

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New Balance ruling, as well as one to do with Michael Jordan last year,

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it is hoped this will change things. Michael Jordan won a lawsuit over a

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company using his name. Clamp down on those illegal manufacturers. It

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is a well-known fact that Asia has some of the fastest ageing

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populations. There is an increased demand for end of life care. We are

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focusing on how expensive palliative care can be. It takes a lot of

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volunteers and funding to keep a hospice functioning smoothly.

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Catch you up on his daily news, this 83-year-old still likes to know what

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is going on, in spite of being diagnosed with just weeks to live.

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He is spending the last days of his life at this hospice, one of the few

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dedicated centres in Singapore. It has room for 50 terminally ill

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patients. It costs $10 million annually to run the centre, with

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charitable donations from the government and patients. He says he

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is grateful to be here this doctor is the chairman of the hospice. He

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also sings to help lift spirits. He says the charitable aspect of the

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centre is crucial. As the population ages, we have to look at end of life

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issues. It is becoming difficult for families to manage patients on there

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own. It is taking a lot of resources. We have 400 volunteers,

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they participate in the lives of our patients and their families.

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Volunteers alone cannot address the demands that a rising elderly

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population requires. These patients get round-the-clock care to manage

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their pain and symptoms. But there is a shortage of such facilities and

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a waitlist for this one. A sure sign that demand for hospices is bound to

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grow. It is not for everyone. Some prefer to stick within the comfort

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of their own home. This is where the private sector hopes to fill the

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gap. I see an opportunity for the private sector to engage in private

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care. I can imagine an Uber type model. The challenge is that nobody

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wants to pay for this care. To make these model sustainable, we need

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government financing. Death is an inevitable human experience, but

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because of the cost of such care, hospices like this rely on the

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donations from volunteers. It is the little things that can make one's

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final days as comforting as possible. If you want to join the

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conversation, use the hash tag, business of death. You can see the

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markets now, currently, the Japanese stock-market is in negative

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territory, together with Australia and the SNP.

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This is after Donald Trump suggested that he could shut down the U.S.

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Congress is a border war with Mexico was not built.

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