0:00:00 > 0:00:16Now on BBC News, all the latest business news live from Singapore.
0:00:16 > 0:00:25Working on a fix. Intel tackles a serious the design flaw in its chips
0:00:25 > 0:00:31that could impact the security of operating systems worldwide.
0:00:31 > 0:00:42Streaming its way to you, what if I's goal for 2018. -- Spotify's
0:00:42 > 0:00:50goal. Glad you could join us for this Thursday edition of Asia
0:00:50 > 0:00:56Business Report. We start off with technology and its use in every
0:00:56 > 0:01:00modern computing device that you and I used. I am talking about these
0:01:00 > 0:01:06microchips from Intel. Advanced microchip devices. It has been
0:01:06 > 0:01:14reported that there is a serious flaw which could let hackers steal
0:01:14 > 0:01:18data unless you update the operating systems for your computer 's. I'm
0:01:18 > 0:01:22joined now by my colleague. What is the problem?When you read that news
0:01:22 > 0:01:31it is quite worrying. I called on behalf of you to find out exactly
0:01:31 > 0:01:34what is wrong and to find out they don't know which chip is affected
0:01:34 > 0:01:40and what device. It has been revealed that Intel knew about this
0:01:40 > 0:01:45a while ago and they were going to... They have been working on a
0:01:45 > 0:01:50fix and would announce it next week along with other industry years.
0:01:50 > 0:01:59They insist it is not just Intel but others as well. They have been
0:01:59 > 0:02:03working on a fix and they say it is not a design flaw did it all it
0:02:03 > 0:02:09takes is a system update. There have been reports that the update may
0:02:09 > 0:02:13slow your computer down and Intel denies that. There has been a PR
0:02:13 > 0:02:20nightmare, regardless of what the details are, the advice from experts
0:02:20 > 0:02:24is that as soon as the update is released next week, update all your
0:02:24 > 0:02:29computers so you are not vulnerable. Oh, my goodness. So many people
0:02:29 > 0:02:37affected. Staying with the US and music streaming company Spotify
0:02:37 > 0:02:42appears to be finally listing its shares on the York stock exchange --
0:02:42 > 0:02:48New York Stock Exchange. Spot fires the world's biggest music streaming
0:02:48 > 0:02:55company ahead of rivals like Amazon and apple. Four months there have
0:02:55 > 0:02:59been rumours about its aspirations to go public. Founded in Sweden, the
0:02:59 > 0:03:05firm has over 140 million active users but it has continued to report
0:03:05 > 0:03:11losses.The Road ahead for the music streaming service seems a little
0:03:11 > 0:03:15clearer. Although Spotify has declined to comment, reports suggest
0:03:15 > 0:03:19it wishes to start trading on the first three months of this year.
0:03:19 > 0:03:24Spotify is taking an unusual route, selling shares directly to market
0:03:24 > 0:03:31rather than using an investment bank to underwrite the shares. That could
0:03:31 > 0:03:36mean choppy beginnings for the company as it may take a while for
0:03:36 > 0:03:40Spotify to find its value. The timing is unfortunate as Spotify has
0:03:40 > 0:03:46been slapped with a $1.6 billion lawsuit for infringing on some legal
0:03:46 > 0:03:55rights. The British International trade Secretary, on a visit to Hong
0:03:55 > 0:03:58Kong has confirmed that China, the second largest economy in the world,
0:03:58 > 0:04:02is likely to be one of the early candidates with which the UK can
0:04:02 > 0:04:11strike a new free trade deal after Brexit. He said the US, New Zealand
0:04:11 > 0:04:17and Australia remain at the top of the list for the UK. Were about the
0:04:17 > 0:04:24likelihood of the UK part of the TPP we don't yet know what the success
0:04:24 > 0:04:29of the TPP will look like.It is not even been negotiated yet. Clearly
0:04:29 > 0:04:33the UK would be foolish to rule anything out at the present time,
0:04:33 > 0:04:37not knowing what the future pattern of global trade will look like when
0:04:37 > 0:04:41we leave the European Union and when we finish our transitional period.
0:04:41 > 0:04:49Let's keep our options open, that is safe. The UK and the TPP... Could
0:04:49 > 0:04:55trade partner should be on the cards? It could be the next best
0:04:55 > 0:05:02option.If you can manage it, the UK has a problem. It is giving up the
0:05:02 > 0:05:05biggest trading area in the world and does not have anything else.
0:05:05 > 0:05:13Would this be the next best trading partner?If they could get in the
0:05:13 > 0:05:17door this would be the next option. The problem is that the TPP is not
0:05:17 > 0:05:22signed and it would take probably five years, even if the 11 members
0:05:22 > 0:05:26wanted to have Britain, it would take a long time with a lot of
0:05:26 > 0:05:31barriers.Theoretically, if the UK becomes part of the TPP there is a
0:05:31 > 0:05:35potential upside because according to the numbers, all the 11 TPP
0:05:35 > 0:05:40countries combined account for less than 8% of the UK's export market
0:05:40 > 0:05:45with Japan accounting for just 1.6%. There is no huge upside for Britain.
0:05:45 > 0:05:50It is much smaller than the European free trade area but it may not be a
0:05:50 > 0:05:56bad idea. The idea is that the TPP would get bigger. Career, Colombia,
0:05:56 > 0:06:01they want America back as well. After this agreement is signed with
0:06:01 > 0:06:05the 11 members it is meant to grow. It is not a long shot for Britain
0:06:05 > 0:06:10but it is not entirely ridiculous that it may work.If you are hoping
0:06:10 > 0:06:14for a big pay rise you may be in luck. Consulting company Mercer
0:06:14 > 0:06:18thinks salaries for much of Asia will rise this year and many of the
0:06:18 > 0:06:27gains may come from the most unexpected places.India, Thailand,
0:06:27 > 0:06:32Philippines, Indonesia, these are the countries where we see a maximum
0:06:32 > 0:06:35percentage of companies looking at increasing headcount. On the other
0:06:35 > 0:06:38hand we have mature economies of Singapore, Hong Kong, Japan, Korea
0:06:38 > 0:06:45where the majority of the companies are looking at replacing turnover
0:06:45 > 0:06:51rates. In terms of industries outsourcing industries and
0:06:51 > 0:06:58information technology enabled services are leading the pack,
0:06:58 > 0:07:05followed by high-tech. And we have retail and real estate sectors where
0:07:05 > 0:07:10we are looking at a lot more hiring being done, especially around the
0:07:10 > 0:07:15boost in infrastructure we see.So if I wanted a big rise in my salary,
0:07:15 > 0:07:24we should I move to?For 2018, countries with the highest forecast
0:07:24 > 0:07:27for salary increases are, surprisingly, Bangladesh. Myanmar
0:07:27 > 0:07:36and India. All three of them are forecast 10% salary increases. And
0:07:36 > 0:07:42many have Sri Lanka at about 9%. It depends on how adventurous you would
0:07:42 > 0:07:46like to be but I think those are the top three in terms of salary
0:07:46 > 0:07:50increase forecast is.Continuing our feature on driverless cars.
0:07:50 > 0:07:55Yesterday we showed our driver enjoying a 3-D movie inside one.
0:07:55 > 0:07:58Today will show you how car manufacturers are taking some
0:07:58 > 0:08:07control away from the driver to improve safe the. Research into
0:08:07 > 0:08:11collision avoidance systems are being done. We check them out.
0:08:16 > 0:08:21Proper driverless cars will not be on the market for a few years yet
0:08:21 > 0:08:24there are already automated systems which are there to improve safety
0:08:24 > 0:08:29and are fitted to cars you can purchase today. To find out a little
0:08:29 > 0:08:33more, we borrowed this car, a state-of-the-art production vehicle
0:08:33 > 0:08:38and a crash test dummy. What we will do is turn right into the path of a
0:08:38 > 0:08:42car coming towards us. Normally that would cause a serious accident but
0:08:42 > 0:08:59let's see what happens. Ooh! That is quite violent. But we did not hit
0:08:59 > 0:09:02the car coming in the opposite direction. It is easy to see how
0:09:02 > 0:09:06that improve safety. There is another system now to try and this
0:09:06 > 0:09:10time I will do the driving.
0:09:20 > 0:09:24What we are going to do now is try out an automatic braking system.
0:09:24 > 0:09:28That involves trying to drive into the back of a car in front. Not
0:09:28 > 0:09:33happy about it but let's try.
0:09:39 > 0:09:51I want to put the brakes on but I will not. Ooh the car gave me an
0:09:51 > 0:09:56audible warning and showed me a lashing light and in the brakes came
0:09:56 > 0:10:00on, the seatbelt tensioned and it brought us to a controlled halt.
0:10:00 > 0:10:06Take care out there. A quick look now at the markets and Asia is
0:10:06 > 0:10:10continuing its new year games. The All Ordinaries up by 4.6 points and
0:10:10 > 0:10:18in Japanese market is currently at a three decade high. The broader
0:10:18 > 0:10:24benchmark is at a level not seen since 1991. This is after Wall
0:10:24 > 0:10:28Street finished again at a record high overnight. Thank you for
0:10:28 > 0:10:35investing with us. Sport Today is coming up next.