04/01/2018 Asia Business Report


04/01/2018

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Now on BBC News, all the latest

business news live from Singapore.

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Working on a fix. Intel tackles a

serious the design flaw in its chips

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that could impact the security of

operating systems worldwide.

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Streaming its way to you, what if

I's goal for 2018. -- Spotify's

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goal. Glad you could join us for

this Thursday edition of Asia

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Business Report. We start off with

technology and its use in every

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modern computing device that you and

I used. I am talking about these

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microchips from Intel. Advanced

microchip devices. It has been

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reported that there is a serious

flaw which could let hackers steal

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data unless you update the operating

systems for your computer 's. I'm

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joined now by my colleague. What is

the problem?

When you read that news

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it is quite worrying. I called on

behalf of you to find out exactly

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what is wrong and to find out they

don't know which chip is affected

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and what device. It has been

revealed that Intel knew about this

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a while ago and they were going

to... They have been working on a

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fix and would announce it next week

along with other industry years.

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They insist it is not just Intel but

others as well. They have been

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working on a fix and they say it is

not a design flaw did it all it

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takes is a system update. There have

been reports that the update may

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slow your computer down and Intel

denies that. There has been a PR

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nightmare, regardless of what the

details are, the advice from experts

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is that as soon as the update is

released next week, update all your

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computers so you are not vulnerable.

Oh, my goodness. So many people

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affected. Staying with the US and

music streaming company Spotify

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appears to be finally listing its

shares on the York stock exchange --

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New York Stock Exchange. Spot fires

the world's biggest music streaming

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company ahead of rivals like Amazon

and apple. Four months there have

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been rumours about its aspirations

to go public. Founded in Sweden, the

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firm has over 140 million active

users but it has continued to report

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losses.

The Road ahead for the music

streaming service seems a little

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clearer. Although Spotify has

declined to comment, reports suggest

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it wishes to start trading on the

first three months of this year.

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Spotify is taking an unusual route,

selling shares directly to market

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rather than using an investment bank

to underwrite the shares. That could

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mean choppy beginnings for the

company as it may take a while for

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Spotify to find its value. The

timing is unfortunate as Spotify has

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been slapped with a $1.6 billion

lawsuit for infringing on some legal

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rights. The British International

trade Secretary, on a visit to Hong

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Kong has confirmed that China, the

second largest economy in the world,

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is likely to be one of the early

candidates with which the UK can

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strike a new free trade deal after

Brexit. He said the US, New Zealand

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and Australia remain at the top of

the list for the UK. Were about the

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likelihood of the UK part of the TPP

we don't yet know what the success

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of the TPP will look like.

It is not

even been negotiated yet. Clearly

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the UK would be foolish to rule

anything out at the present time,

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not knowing what the future pattern

of global trade will look like when

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we leave the European Union and when

we finish our transitional period.

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Let's keep our options open, that is

safe. The UK and the TPP... Could

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trade partner should be on the

cards? It could be the next best

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option.

If you can manage it, the UK

has a problem. It is giving up the

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biggest trading area in the world

and does not have anything else.

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Would this be the next best trading

partner?

If they could get in the

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door this would be the next option.

The problem is that the TPP is not

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signed and it would take probably

five years, even if the 11 members

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wanted to have Britain, it would

take a long time with a lot of

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barriers.

Theoretically, if the UK

becomes part of the TPP there is a

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potential upside because according

to the numbers, all the 11 TPP

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countries combined account for less

than 8% of the UK's export market

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with Japan accounting for just 1.6%.

There is no huge upside for Britain.

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It is much smaller than the European

free trade area but it may not be a

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bad idea. The idea is that the TPP

would get bigger. Career, Colombia,

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they want America back as well.

After this agreement is signed with

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the 11 members it is meant to grow.

It is not a long shot for Britain

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but it is not entirely ridiculous

that it may work.

If you are hoping

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for a big pay rise you may be in

luck. Consulting company Mercer

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thinks salaries for much of Asia

will rise this year and many of the

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gains may come from the most

unexpected places.

India, Thailand,

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Philippines, Indonesia, these are

the countries where we see a maximum

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percentage of companies looking at

increasing headcount. On the other

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hand we have mature economies of

Singapore, Hong Kong, Japan, Korea

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where the majority of the companies

are looking at replacing turnover

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rates. In terms of industries

outsourcing industries and

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information technology enabled

services are leading the pack,

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followed by high-tech. And we have

retail and real estate sectors where

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we are looking at a lot more hiring

being done, especially around the

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boost in infrastructure we see.

So

if I wanted a big rise in my salary,

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we should I move to?

For 2018,

countries with the highest forecast

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for salary increases are,

surprisingly, Bangladesh. Myanmar

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and India. All three of them are

forecast 10% salary increases. And

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many have Sri Lanka at about 9%. It

depends on how adventurous you would

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like to be but I think those are the

top three in terms of salary

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increase forecast is.

Continuing our

feature on driverless cars.

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Yesterday we showed our driver

enjoying a 3-D movie inside one.

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Today will show you how car

manufacturers are taking some

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control away from the driver to

improve safe the. Research into

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collision avoidance systems are

being done. We check them out.

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Proper driverless cars will not be

on the market for a few years yet

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there are already automated systems

which are there to improve safety

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and are fitted to cars you can

purchase today. To find out a little

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more, we borrowed this car, a

state-of-the-art production vehicle

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and a crash test dummy. What we will

do is turn right into the path of a

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car coming towards us. Normally that

would cause a serious accident but

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let's see what happens. Ooh! That is

quite violent. But we did not hit

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the car coming in the opposite

direction. It is easy to see how

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that improve safety. There is

another system now to try and this

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time I will do the driving.

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What we are going to do now is try

out an automatic braking system.

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That involves trying to drive into

the back of a car in front. Not

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happy about it but let's try.

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I want to put the brakes on but I

will not. Ooh the car gave me an

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audible warning and showed me a

lashing light and in the brakes came

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on, the seatbelt tensioned and it

brought us to a controlled halt.

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Take care out there. A quick look

now at the markets and Asia is

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continuing its new year games. The

All Ordinaries up by 4.6 points and

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in Japanese market is currently at a

three decade high. The broader

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benchmark is at a level not seen

since 1991. This is after Wall

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Street finished again at a record

high overnight. Thank you for

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investing with us. Sport Today is

coming up next.

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