11/12/2017 Asia Business Report

at several airports.

Now on BBC News all the latest

business news live from Singapore.

Trading in Bitcoin futures that

debuts on the CBO E. We find out

what it might mean to the price of

the currency. Asia's central bank-

will let follow suit? Hello and

welcome to Asia Business Report. US

options exchange has kicked off

trading in the com futures ahead of

its rival CM E. The currency's value

has rocketed from less than $1000 to

more than 17,000 on Friday and the

ability to trade in the coin futures

has given more legitimacy to the

currency but will it affect its

value? It is now trading at around

$15,000. We have been seeing it

trade for a couple of hours and at

the price has been seesawing but

these huge gains make us feel we

wish we bought?

It is either side of

the debate. A lot of people feeling

envious today and the entire time

Bitcoin has been going up, % from

potential investors of the fear of

missing out but, at the same time,

some real concerns are that this

crypto currency. Does it have

anything backing it? Look at the

volatility. You are talking earlier

about it was going from $1000 but

along the way it looked at the

jagged spikes. It is a real

indication about just how much

volatility in this crypto currency.

Now that it has traded in futures,

lots of concern about what that

would do to the volatility. Today

and again next week, we will see

when it starts trading with the CM

E.

Famously, a lot of people do not

rate this, some saying it is a

fraud.

They are a lot of risks. If

you do not understand what you are

getting into, financial and rises

say expect something like a 60% drop

in the value of your assets if you

are investing in Bitcoin or rather

crypto currencies. Having said that,

the CBOE website was down because of

the level of interest and trade fall

April pushing the value of the kind

up to beyond 16,000 a ton to dollars

so the right people out there who

believe in the value and what the

future might hold. They are

expecting it to be pretty rosy.

We

will have to keep watching that. For

many people, it is getting harder to

spot the fake news from the real

news. Frauds and scammers are not

anything new but the Internet seems

to spread it more quickly and more

cheaply. We spoke to the director of

research company and she says three

elements are needed to create fake

news.

Number one, financial. The bad

guys are rounded. We did an

incentive that they would gain from

disrupting business. The second is

political space. Trying to ride the

wave of elliptical issues which are

more pronounced in certain countries

and regions. And the third is

discrediting a politician or perhaps

a journalist, anyone who has a

status in that committee. In Asia,

we see more on the political and the

discrediting of the individual.

How

much would it cost to discredit a

journalist, instigate a street

protest all the smear a celebrity?

With the availability of underground

tunnels so cheap today, it can cost

you about $1000 only which is about

four times when you want to wind a

legitimate campaign. So it is cheap

because of the availability of

underground tools which makes it

easier and the spread is eager.

Four

times cheaper than a traditional

campaign. Can we put a financial

cost on fake news?

It is a difficult

in the industry to come up with a

figure because we have not seen

added effects but we have seen the

first wave, creating awareness. We

are not seeing how they would

harvest it so it is really

difficult. The damage is on the

minds of the people. They are

forming different ideas.

minds of the people. They are

forming different ideas.

minds of the people. They are

forming different ideas.

So far

Germany is the major economy to

adopt regulation against fake news.

Why are we not see more government

work faster?

What is that the

existing legal framework? Not a lot

of nations have strong cybersecurity

measures and that is one measure and

the second one is it requires

private partnership and the

knowledge of a lot of technology

because this is nothing that can be

taught in the book, it comes with

people working together and coming

together to increase the level of

India is one of the fastest-growing

aviation market. Recently KLM and

jet air India have deepened their

partnership. It would give Europe

greater access to the Indian market.

But India has even more potential

for investment.

I think there are

different ways of investing in the

market and if we see what the market

position was between Amsterdam and

India, two years ago it was one

flight per day- a KLM flight between

Amsterdam and Delhi which is nothing

for a market of this size. Now

today, 200 Indian companies are

investing a lot of money in

Amsterdam and choose it as their

headquarter. It is really an

investment in the markets.

Let's

take a look at what is coming up

this week. On Tuesday, the hotly

anticipated meeting of the Federal

Reserve which begins the two-day

meet expecting to hike interest

rates for the third time this year.

Indonesia 's central bank meets on

Wednesday and it will likely react

to that decision from the US Federal

Reserve. On Thursday, the

Philippines central bank is doing

likewise but they are expecting to

keep their rates stable. We are also

expecting more economic data from

China as well. The world 's

second-largest economy will release

its data on

second-largest economy will release

its data on. I asked what we might

see from the Federal Reserve

meeting?

That have been three rate

hikes this year at a believe that is

what they will carry out. They will

continue stressing the Labour market

has been strong but whether Russ

some doubts and inflation picking up

in particular where wages are will

rise and jobs being created so that

is a bit of a dilemma.

A fairly

strong report on Friday for jobs. A

lot of central banks in this region

tend to watch what is going on in

the US. Indonesia amongst them as

well as the Philippines.

For

Indonesia, they have cut rates twice

this year in the third quarter so

the best thing they can do is to

hold steady. It would be too soon to

suddenly shift gears. They are

sitting on a very confused central

banks but I expect to shift to

slightly more neutral and next year

perhaps one rate hike.

With the

Philippines as well, we can see

currencies fairly volatile in the

regions. What are we expecting from

there?

In the Philippines, we are

expecting a higher shift towards

rate hikes next year but now the

central bank governor is signalling

there are a lot of domestic issues

and they will not follow effect just

yet.

China did not do this last

year, every body expecting a weak

trade data but they came out with

hugely strong data and we are

expecting more industrial reduction

in data stop what are you

anticipating?

A little bit of

stabilisation. The National party

Congress saw some of the data slow

down is part of the winter data, the

steel mill, the cement factory

shutting down so they will be

stabilising rather than picking up

in tandem with exports. Exports will

over so the strength but I believe

it will stabilise.

Looking at the

markets of... Pretty much flat in

Asia. Wall Street ended up higher.