0:00:00 > 0:00:00at several airports.
0:00:00 > 0:00:04Now on BBC News all the latest business news live from Singapore.
0:00:17 > 0:00:23Trading in Bitcoin futures that debuts on the CBO E. We find out
0:00:23 > 0:00:30what it might mean to the price of the currency. Asia's central bank-
0:00:30 > 0:00:40will let follow suit? Hello and welcome to Asia Business Report. US
0:00:40 > 0:00:47options exchange has kicked off trading in the com futures ahead of
0:00:47 > 0:00:57its rival CM E. The currency's value has rocketed from less than $1000 to
0:00:57 > 0:01:02more than 17,000 on Friday and the ability to trade in the coin futures
0:01:02 > 0:01:07has given more legitimacy to the currency but will it affect its
0:01:07 > 0:01:16value? It is now trading at around $15,000. We have been seeing it
0:01:16 > 0:01:21trade for a couple of hours and at the price has been seesawing but
0:01:21 > 0:01:28these huge gains make us feel we wish we bought?It is either side of
0:01:28 > 0:01:35the debate. A lot of people feeling envious today and the entire time
0:01:35 > 0:01:41Bitcoin has been going up, % from potential investors of the fear of
0:01:41 > 0:01:45missing out but, at the same time, some real concerns are that this
0:01:45 > 0:01:51crypto currency. Does it have anything backing it? Look at the
0:01:51 > 0:02:00volatility. You are talking earlier about it was going from $1000 but
0:02:00 > 0:02:05along the way it looked at the jagged spikes. It is a real
0:02:05 > 0:02:09indication about just how much volatility in this crypto currency.
0:02:09 > 0:02:15Now that it has traded in futures, lots of concern about what that
0:02:15 > 0:02:23would do to the volatility. Today and again next week, we will see
0:02:23 > 0:02:29when it starts trading with the CM E.Famously, a lot of people do not
0:02:29 > 0:02:37rate this, some saying it is a fraud.They are a lot of risks. If
0:02:37 > 0:02:42you do not understand what you are getting into, financial and rises
0:02:42 > 0:02:46say expect something like a 60% drop in the value of your assets if you
0:02:46 > 0:02:54are investing in Bitcoin or rather crypto currencies. Having said that,
0:02:54 > 0:03:01the CBOE website was down because of the level of interest and trade fall
0:03:01 > 0:03:08April pushing the value of the kind up to beyond 16,000 a ton to dollars
0:03:08 > 0:03:14so the right people out there who believe in the value and what the
0:03:14 > 0:03:19future might hold. They are expecting it to be pretty rosy.We
0:03:19 > 0:03:26will have to keep watching that. For many people, it is getting harder to
0:03:26 > 0:03:35spot the fake news from the real news. Frauds and scammers are not
0:03:35 > 0:03:38anything new but the Internet seems to spread it more quickly and more
0:03:38 > 0:03:45cheaply. We spoke to the director of research company and she says three
0:03:45 > 0:03:51elements are needed to create fake news.Number one, financial. The bad
0:03:51 > 0:03:59guys are rounded. We did an incentive that they would gain from
0:03:59 > 0:04:05disrupting business. The second is political space. Trying to ride the
0:04:05 > 0:04:10wave of elliptical issues which are more pronounced in certain countries
0:04:10 > 0:04:19and regions. And the third is discrediting a politician or perhaps
0:04:19 > 0:04:25a journalist, anyone who has a status in that committee. In Asia,
0:04:25 > 0:04:29we see more on the political and the discrediting of the individual.How
0:04:29 > 0:04:35much would it cost to discredit a journalist, instigate a street
0:04:35 > 0:04:41protest all the smear a celebrity? With the availability of underground
0:04:41 > 0:04:46tunnels so cheap today, it can cost you about $1000 only which is about
0:04:46 > 0:04:54four times when you want to wind a legitimate campaign. So it is cheap
0:04:54 > 0:04:57because of the availability of underground tools which makes it
0:04:57 > 0:05:02easier and the spread is eager.Four times cheaper than a traditional
0:05:02 > 0:05:09campaign. Can we put a financial cost on fake news?It is a difficult
0:05:09 > 0:05:13in the industry to come up with a figure because we have not seen
0:05:13 > 0:05:19added effects but we have seen the first wave, creating awareness. We
0:05:19 > 0:05:23are not seeing how they would harvest it so it is really
0:05:23 > 0:05:28difficult. The damage is on the minds of the people. They are
0:05:28 > 0:05:32forming different ideas.
0:05:32 > 0:05:32minds of the people. They are forming different ideas.
0:05:32 > 0:05:38minds of the people. They are forming different ideas.So far
0:05:38 > 0:05:43Germany is the major economy to adopt regulation against fake news.
0:05:43 > 0:05:50Why are we not see more government work faster?What is that the
0:05:50 > 0:05:55existing legal framework? Not a lot of nations have strong cybersecurity
0:05:55 > 0:06:00measures and that is one measure and the second one is it requires
0:06:00 > 0:06:03private partnership and the knowledge of a lot of technology
0:06:03 > 0:06:10because this is nothing that can be taught in the book, it comes with
0:06:10 > 0:06:13people working together and coming together to increase the level of
0:06:16 > 0:06:23India is one of the fastest-growing aviation market. Recently KLM and
0:06:23 > 0:06:29jet air India have deepened their partnership. It would give Europe
0:06:29 > 0:06:38greater access to the Indian market. But India has even more potential
0:06:38 > 0:06:44for investment.I think there are different ways of investing in the
0:06:44 > 0:06:49market and if we see what the market position was between Amsterdam and
0:06:49 > 0:06:56India, two years ago it was one flight per day- a KLM flight between
0:06:56 > 0:07:00Amsterdam and Delhi which is nothing for a market of this size. Now
0:07:00 > 0:07:04today, 200 Indian companies are investing a lot of money in
0:07:04 > 0:07:12Amsterdam and choose it as their headquarter. It is really an
0:07:12 > 0:07:18investment in the markets.Let's take a look at what is coming up
0:07:18 > 0:07:22this week. On Tuesday, the hotly anticipated meeting of the Federal
0:07:22 > 0:07:28Reserve which begins the two-day meet expecting to hike interest
0:07:28 > 0:07:33rates for the third time this year. Indonesia 's central bank meets on
0:07:33 > 0:07:37Wednesday and it will likely react to that decision from the US Federal
0:07:37 > 0:07:43Reserve. On Thursday, the Philippines central bank is doing
0:07:43 > 0:07:48likewise but they are expecting to keep their rates stable. We are also
0:07:48 > 0:07:51expecting more economic data from China as well. The world 's
0:07:51 > 0:07:57second-largest economy will release its data on
0:07:57 > 0:08:04second-largest economy will release its data on. I asked what we might
0:08:04 > 0:08:09see from the Federal Reserve meeting?That have been three rate
0:08:09 > 0:08:16hikes this year at a believe that is what they will carry out. They will
0:08:16 > 0:08:21continue stressing the Labour market has been strong but whether Russ
0:08:21 > 0:08:27some doubts and inflation picking up in particular where wages are will
0:08:27 > 0:08:32rise and jobs being created so that is a bit of a dilemma.A fairly
0:08:32 > 0:08:39strong report on Friday for jobs. A lot of central banks in this region
0:08:39 > 0:08:44tend to watch what is going on in the US. Indonesia amongst them as
0:08:44 > 0:08:50well as the Philippines.For Indonesia, they have cut rates twice
0:08:50 > 0:08:54this year in the third quarter so the best thing they can do is to
0:08:54 > 0:09:01hold steady. It would be too soon to suddenly shift gears. They are
0:09:01 > 0:09:06sitting on a very confused central banks but I expect to shift to
0:09:06 > 0:09:13slightly more neutral and next year perhaps one rate hike.With the
0:09:13 > 0:09:18Philippines as well, we can see currencies fairly volatile in the
0:09:18 > 0:09:26regions. What are we expecting from there?In the Philippines, we are
0:09:26 > 0:09:30expecting a higher shift towards rate hikes next year but now the
0:09:30 > 0:09:37central bank governor is signalling there are a lot of domestic issues
0:09:37 > 0:09:44and they will not follow effect just yet.China did not do this last
0:09:44 > 0:09:49year, every body expecting a weak trade data but they came out with
0:09:49 > 0:09:52hugely strong data and we are expecting more industrial reduction
0:09:52 > 0:09:58in data stop what are you anticipating?A little bit of
0:09:58 > 0:10:02stabilisation. The National party Congress saw some of the data slow
0:10:02 > 0:10:09down is part of the winter data, the steel mill, the cement factory
0:10:09 > 0:10:13shutting down so they will be stabilising rather than picking up
0:10:13 > 0:10:18in tandem with exports. Exports will over so the strength but I believe
0:10:18 > 0:10:25it will stabilise.Looking at the markets of... Pretty much flat in
0:10:25 > 0:10:31Asia. Wall Street ended up higher.