20/11/2017 Asia Business Report


20/11/2017

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Stay with BBC News.

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And the top story here in the UK:

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The Chancellor, Philip Hammond,

has said he'll use this week's

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budget to speed up the building

of hundreds of thousands

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of new homes.

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More on that later.

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Now on BBC News all the latest

business news live from Singapore.

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Japan's latest trade figures show

the economy is on a winning streak,

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thanks to a healthy demand for cars

and electronics. And imagine sending

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your job offer an education gaming.

The idea in Singapore is getting

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respect and even support from the

government. Hello and welcome to

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Asia Business Report. My name is

Sharanjit Leyl. You could say it was

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the start of the shopping season in

many countries around the world.

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Before we get there, what is on the

economic and business calendar for

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the next few days? Japan just

reported its trade data, showing it

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is gaining traction. It rose 14%

from last year. Later today, we have

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Thailand enacting its third-quarter

GDP numbers. On Thursday, Singapore

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does basically the same, out with

its data. And we know that Thursday

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is also a public holiday in the US

as they celebrate Thanksgiving. No

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mention that because the very next

day is the biggest shopping day of

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the year in America. In fact, it is

called Black Friday, because

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traditionally it was the day of the

year when many retailers would be in

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the black or profitable. Nowadays,

it is known as the date retailers

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offer specials to shoppers and start

the festive season. Earlier, I spoke

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to Alex Staples, and asked whether

he thought the Japanese are peak

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would last.

It looks like the

programme of Abenomics is starting.

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The weaker yen has promoted exports.

But there has also been resurgent

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Maduranga well. The global economy

is doing well this year. We expected

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to expect it to grow at just under

3%, and that extra demand has been

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boosting exports from Japan.

You

talk about the global economy, but

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what about here, close to home, in

South East Asia? You have these

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growth numbers out from Thailand and

even here in Singapore. What are you

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expecting there this week?

Similar

story. Around the region,

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particularly based on strong demand

in China that we have seen, stronger

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than was forecast at earlier in the

year. That has lifted GDP growth in

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many south-east Asian countries,

particularly in places like Malaysia

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and also Thailand, as well. Thailand

is growing at a good rate. We expect

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to see continuing positive data out

this week. Alidad based on surge in

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demand for exports as well. China,

of course, a big component of that.

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Singapore is a bit different, isn't

it, because we are not a

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resource-based economy. -- all of

that based on.

The uptick in oil and

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gas prices have been positive for

Singapore. We expect bread to

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average about $60 a barrel this

year, significantly up from where we

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were last here. That is not that

sector here, which is very important

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in Singapore. But also, global

trade, go back to the trade issue,

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very important for Singapore. And we

expect rate recently made 4.6%

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growth this year. So Singapore is

benefiting from the uptick in oil

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and also from trade.

All right, and

with all this global trade, it is

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all about goods, is that it? Bowser

to America. This week, a lot of

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people are buying for Black Friday.

You expecting any records to be

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broken? -- a lot of that goes to

America.

Last week, we saw that

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worth of sales in one-day. We would

not expect to see the States matter

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level. Be shifting towards

e-commerce, we can continue to see

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that in the States. It will be

interesting to see what consumer

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commons is like there as well. The

economy there is doing pretty well.

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New job growth, new housing starts,

more corporate investment, as well.

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And this plays into the story of

what will happen with interest

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rates.

And that was Alex Staples

speaking to me earlier. And Toshiba

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shares have lost about 5% this

Monday morning after board members

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approved a plan to raise more than

$5 billion from the sale of new

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shares. It is a key step, of course,

that would allow the troubled

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conglomerate to remain a publicly

traded company, even if the

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offloading of its chip company is

delayed. It needs to raise almost $7

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billion to plug a balance sheet hole

by March. Otherwise it will be

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delisted from the Tokyo stock

exchange. Same with corporate Japan,

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Honda is recalling 900,000 units of

this model, the Odyssey minivan. It

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is the latest manufacturer to have

quality control issues, this to.

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Matt Morrison joins us in the

studio. What exactly is going on?

As

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you said, this is the Odyssey

minivan. About 900,000, 800,000 of

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them are in the United States. So

this is model is right up to the

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present. The issue is that there

have been about 46 reported

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injuries, and that has happened with

the second row of seats. They come

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forward if not properly latched. In

fact, the company said that happens

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due to moderate or every breaking --

moderate or heavy braking. They said

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this will not happen if it is

properly latched. They have posted

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instructions on their website, and

said that if you follow the

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instructions, it will be fine. They

will fix it at no charge. This comes

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at a bad time for Honda. They paid

nearly half $1 billion to settle

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claims related to their airbag

scandal. That is where the airbags

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exploded. Unfortunately, 17 deaths

linked to that, not just Honda, but

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it is worldwide.

But it is not just

Honda. This is ailing a lot of

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corporate Japan, isn't it?

Absolutely. If you start with water

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makers, Subaru, 250,000 cars recall

just a few weeks ago. Nissan, they

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had people on who were not qualified

to take cars. Mitsubishi had their

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fuel emissions problems. What is at

stake here is the repetition of

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Japan. One of two mistakes can be

forgiven, but if this is a long-term

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trend, this could be a problem.

--

one or two. Now, a career in gaming

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would have been unbeatable here in

Asia reviews ago. But e-sports art

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gaining -- are gaining a good

reputation. Singapore was to help

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train new game is to go

professional. If they make it, huge

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prizes worth millions of dollars are

at stake. -- wants. Let's take a

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look.

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You see a lot of professional games,

and how these players work as a

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team. They can stay together, live

together, train together. It is

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quite interesting that you get to

fly around and compete, and showcase

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your skills and talents.

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I was a competitive game, and I

realised that I am actually stronger

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in strategy, and my reflexes are not

as fast as some other players, so I

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not use what I have do educate more

gamers?

Besides the competitive game

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input itself, there are a lot more

auxiliary roles out there.

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Commentators, which broadcast and

make the match exciting. The

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coaches, trainers, all these

essential roles.

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Some potential champions you were

watching me. Let's with the markets

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before we go. Asian markets are

fairly mixed, actually. We are

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seeing Australia lower. The Nikkei

is trading lower as well. At that is

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due to Toshiba and the shares issue

that I spoke to you about a earlier.

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We are seeing concern and caution in

the market after the German

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coalition talks stood at an impasse.

That is having an impact on the

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euro, and all those tax reform

issues in the US as well. And that

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is it for this addition of Asia

Business

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