17/11/2017 Asia Business Report

at Grenfell Tower,

in west London, in June.

Officers say 71 victims have been

formally identified.

Now on BBC News, all the latest

business news live from Singapore.

Tesla is about to roll out the

beast: An electric tractor trailer.

This as China's appetite for green

wheels gets bigger and bigger. And a

global employee left his job to set

up a proper restaurant in his very

own living room. -- Mad Hatter.

Welcome to Asia Business Report,

live from Singapore, with me, Mariko

Oi. In a few hours, Telstra will be

running out its latest creation, the

beast. It is a big rig truck that

may be able to drive itself. --.

Each -- is the Chief Executive Elon

Musk tweeted this... More on the

story, let's bring in mat Morrison.

I want that, right now.

It is

uncool. It is uncool. The guy sounds

cool. -- Matt. He will be watching

this latest version of the

electronic truck that they are very

excited about. Their goal here is

basically to get a cleaner and

hopefully cheaper alternative to

what is out there. They are saying

batteries could be a big advantage

in that regard. The batteries are

expensive. The most expensive

component of the tow vehicle. A

lone, it would be about $100,000,

and that is just the battery. You

can get far with just the battery.

And you need infrastructure so that

you can make stops, so you can make

you fancy lightly, apparently. So

who were paper that? The government?

Tesla? Nobody knows. -- The Beast.

Their model three is behind

schedule. They are cutting back

production. They are spending about

$1 billion to keep things moving.

One analyst we spoke to says that

Tesla are all about disruption.

China has been active in electrics,

and it would be a strong market

moving forward, especially coming to

buses and trucks.

What you think? Is

at a wise move? As you say, they

have not rolled out an affordable

car?

Analysts are saying it is a big

risk. A lot of it will come from how

far these things can go on a single

charge. Analysts are putting it

between 200 miles of charge to 400

miles of charge. That is still quite

a bit less than your standard diesel

which, on a single can go up to

about 1000 miles. You need a human

being to be doing that, though. And,

later need the latte.

Thank you for

that, Matt Morrison, and we will be

at the launch as Tesla releases the

Beast. Chinese emissions are quite

high. They are already the biggest

market for a electric cars. The is

more room for growth. Beijing says

that 80% of new cars need to be

elected by next year. That is

supposed to to 12% by 3020. That is

prompted people to increase their

investment in China. --

-- 2020. Apparently they are not

just interested in cars, but buses

and trucks as well.

They have the

best business visibly possible. Our

study suggested the are about 100

cities where these buses are being

tested. The customers tend to be the

public services, where they do not

really, they have a social mandate

to more than a business mandate.

That is where the ship does make

sense.

We have been talking about

the man. How is China placed when it

comes to manufacturing? -- that is

where these buses to make sent to

make sense.

They have a reason to do

it. The pollution problem is going

out of control. The only way to

solve the pollution challenge in

major cities is to electric. So the

reasoning competency, so this is the

only right way to move forward.

In

other business news, Singapore has

suspended all trade relations with

North Korea after the UN imposed

tougher sanctions over its weapons

programme. The Southeast Asian

country is not's seventh-largest

trading partner, and, year,

Singapore -based Chinpo shipping

company was fined for helping shift

to make ship arms to North Korea, is

by the stations. The recent hike as

it is season has held them up.

Building materials, grocery items,

as well as stocks. They have

improved their forecast for holiday

shopping. It was the strong sterling

since 2009, despite competition from

online giant Amazon on. Their stock

rose nearly 11% to an all-time high.

As politicians in the House of

Representatives have voted to pass a

sweeping tax reform Bill.

Republicans, including Donald Trump,

have claimed that the changes will

boost the economy. A separate change

change the tax code is expected to

to the Senate for December.

For any

change to come into effect, or size

would have to agree. Taxes.

Americans do not like paying them.

And most agree that the tax system

is broken, but fixing it, well, that

is not easy. The president says he

wants a tax code that is so simple,

you could file it on a postcard. The

Republican Party has control of the

US Congress, and that means they

could pass a new tax plan with just

a simple majority.

If there is

anything that unifies Republicans,

it is tax reform. We've been looking

forward the opportunity to do this

were years.

The problem? Republicans

cannot even agree on a tax plan

amongst themselves. Lawmakers in the

house want to cut the number tax

bracket as to four and right at the

make out how much people can write

for having a mortgage. The tax plan

reduces tack if the buy health

insurers. That could mean that 15

million Americans could end up

without coverage. And that also

makes cuts to the corporate tax rate

permanent. The tax relief are

individuals, well, that is

temporary. So what do they do now?

Republicans in the house and Senate

will just how to combine their two

plans. But if the last two months

are any indication, that will not be

easy. Now, one place that will be

watching the fight really closely is

the US stock market. It goes up when

tax reform might actually happen and

falls when those plans hit a

roadblock. So if Donald Trump wants

to keep bragging about the rising

stock market...

The stock market hit

an all-time record high today, over

22,000...

And keep his promise to

reporters, then his party will have

two come to agreement. Before we go,

what you think would compel somebody

to give up a job Google to sell

surmises? For one man, it was the

opportunity to sell his culture's

delicacies from the cupboard of his

own home. -- samosas.

I wanted to

prepare and cell samosas. I am

taking food from my community. It is

a community of within Islam. It is a

small subset and we have a defined

food and dining culture. I want to

take this food to people outside the

community.

Hi guys and welcome.

We would invite six people or eight

people home every Saturday or

Sunday, and take them to this idea

from eating the food of my Mum, to

the entire concept behind it. That

is the idea behind our kitchen.

I

always used to be at home doing

those things. Today, I like cooking

just with the regular means of

homes. Now I am getting older, it is

definitely, you know, it is a

different side of me.

I introduced

something of a policy that basically

you don't book a seat, you asked

receipt. If you asked receipt, we do

a background check, asked who you

are, to out due diligence. So by

doing all of these things, it became

this hyper exclusive thing and

demand became stronger and stronger.

That pop actually the market before

we go. The Nikkei is higher despite

the strong yet which is bad news for

exporters. Hong Kong and Australia

are rising overnight. Overnight, we

told you about Walmart shares being

up by 11%. Tech shares did quite

well. They are driving Wall Street

high. Investors have been monitoring

the tax bill as well. That is it for

this edition of Asia Business

Report. Sport Today is coming up

next. And people watching.