Browse content similar to 15/01/2018. Check below for episodes and series from the same categories and more!
Line | From | To | |
---|---|---|---|
Now on BBC News all the latest
business news live from Singapore. | 0:00:02 | 0:00:15 | |
Hit or miss, we find out if China is
experiencing a growth spurt when new | 0:00:16 | 0:00:22 | |
data comes out this week. Commuters
are not fond of Janat words, search | 0:00:22 | 0:00:30 | |
pricing. Find out how it works and
how you can get around it. -- surge | 0:00:30 | 0:00:39 | |
pricing. Good morning, Asia. Glad
you can join us for this edition of | 0:00:39 | 0:00:47 | |
Asia Business Report. We start with
the business calendar, and the | 0:00:47 | 0:00:52 | |
report cards from corporate America.
Kicking things off, quarterly | 0:00:52 | 0:00:57 | |
numbers from Alcoa and big banks
including Morgan Stanley. On | 0:00:57 | 0:01:00 | |
Thursday or all eyes will be on
Chinese growth numbers for the | 0:01:00 | 0:01:09 | |
December quarter, and 6.8 is them
that it number for analysts. | 0:01:09 | 0:01:13 | |
Attention is back on the US at the
end of the week. Friday is the | 0:01:13 | 0:01:17 | |
deadline for the spending bill from
Congress to avert a government shut | 0:01:17 | 0:01:21 | |
down one day after the first
anniversary of Donald Trump's | 0:01:21 | 0:01:24 | |
official start at the White House.
Asian analyst David Ho from the | 0:01:24 | 0:01:30 | |
Motley Fool says he expects a
gradual slowdown in Chinese growth | 0:01:30 | 0:01:35 | |
rates.
It doesn't mean time is slowing | 0:01:35 | 0:01:38 | |
down, it is growing not as fast as
it did previously and many think | 0:01:38 | 0:01:42 | |
that 2017 it will grow at about 6.7%
but Premier Li said he thinks it | 0:01:42 | 0:01:49 | |
will grow at 6.9%, so I am going to
say it 6.9% in 2017. 6.9% in 2017, | 0:01:49 | 0:01:58 | |
so surely it will be better than
2016, so what about 2018, what is | 0:01:58 | 0:02:04 | |
your projection, better than 2017? I
think we will see a gradual slowdown | 0:02:04 | 0:02:10 | |
and I think what we will see is 6.4%
in 2018, and that is inevitable, | 0:02:10 | 0:02:18 | |
because China's economy has to slow
because most of the growth so far | 0:02:18 | 0:02:23 | |
has been fuelled by debt. China has
borrowed a lot of money. That cannot | 0:02:23 | 0:02:29 | |
continue. What will have to happen
now is those companies will have to | 0:02:29 | 0:02:33 | |
grow on their own. They won't be
able to borrow as much as they did | 0:02:33 | 0:02:38 | |
previously. I think 2018 we will see
more of a slowdown to a round 6.4%, | 0:02:38 | 0:02:45 | |
I think. And 6.4% is also the World
Bank's forecast for Chinese economic | 0:02:45 | 0:02:50 | |
growth. It is also earnings season
in the US. What will have a great | 0:02:50 | 0:02:58 | |
impact on the Asian markets, US
earnings or China's GDP? I think | 0:02:58 | 0:03:03 | |
both. I will hedge my debt and say
both are very important. People are | 0:03:03 | 0:03:08 | |
looking to America simply because
what they are saying in America is | 0:03:08 | 0:03:14 | |
that if the companies in America can
continue to deliver good earnings | 0:03:14 | 0:03:19 | |
and it will drive the stock market
over in America, which would drive | 0:03:19 | 0:03:23 | |
the stock markets not only here in
Hong Kong, but certainly where you | 0:03:23 | 0:03:28 | |
are in Singapore and the rest of
Asia. In other news making | 0:03:28 | 0:03:34 | |
headlines, VW said car sales rose to
a new record last year thanks to | 0:03:34 | 0:03:39 | |
rising demand in China and the
Americas despite the omission | 0:03:39 | 0:03:44 | |
cheating scandal, overtaking Toyota
as the best selling car maker in | 0:03:44 | 0:03:49 | |
2017. The German carmaker announced
plans to spend $3 billion on | 0:03:49 | 0:03:54 | |
development and production of new
models in North America from 2018 to | 0:03:54 | 0:04:00 | |
2020. Ford says the company will
increase investment in autonomous to | 0:04:00 | 0:04:03 | |
$11 billion by 2022 and have 40
hybrid and fully electric models in | 0:04:03 | 0:04:12 | |
its lineup. He made the announcement
at the Detroit Auto Show. Mainstream | 0:04:12 | 0:04:17 | |
automakers are reacting to pressure
from regulators in China, Europe and | 0:04:17 | 0:04:23 | |
California to slash carbon emissions
from fossil fuels. And they are | 0:04:23 | 0:04:26 | |
facing competition from Tesla which
has inspired would-be owners to line | 0:04:26 | 0:04:32 | |
up outside showrooms and flood the
company with orders. | 0:04:32 | 0:04:36 | |
The Trump administration is
rewriting regulations about | 0:04:36 | 0:04:41 | |
autonomous vehicles. The
Transportation Secretary said they | 0:04:41 | 0:04:44 | |
would unveil the guidelines by
summer. It would cover not only self | 0:04:44 | 0:04:50 | |
driving cars but also the
integration of the technology behind | 0:04:50 | 0:04:53 | |
motor carriers, transit, trucks and
infrastructure. The days of having | 0:04:53 | 0:05:00 | |
teaching in to live TV to watch your
favourite TV show and movies are | 0:05:00 | 0:05:05 | |
long gone and the Internet is
increasingly now a very crowded | 0:05:05 | 0:05:10 | |
space. There is fierce competition
between Netflix, Amazon and HBO. To | 0:05:10 | 0:05:15 | |
try to win over customers, Amazon
produces original, local content in | 0:05:15 | 0:05:21 | |
three Asian markets with Japan,
India and South Korea. James | 0:05:21 | 0:05:26 | |
Farrell, who heads the region's
Amazon Prime Video told the BBC how | 0:05:26 | 0:05:32 | |
the programmes are produced. The one
commonality is local content is king | 0:05:32 | 0:05:36 | |
in all of those countries. We
started with licensed content on the | 0:05:36 | 0:05:43 | |
service and then a good example was
a popular kids show on TV for 45 | 0:05:43 | 0:05:48 | |
years, we went to the producers and
we said, this is a great show, | 0:05:48 | 0:05:52 | |
people love to watch it, how can we
do something new, creative and | 0:05:52 | 0:05:56 | |
different with the brand? We sat
down with them and we brought up a | 0:05:56 | 0:06:01 | |
re- creation of a 70s series, except
this was no holds barred on the more | 0:06:01 | 0:06:07 | |
violence and action. That became the
first Amazon original series in | 0:06:07 | 0:06:12 | |
Japan. My favourite so far is
Documental, a comedy competition, | 0:06:12 | 0:06:17 | |
with ten comedians in a room and
they have to see who can make each | 0:06:17 | 0:06:22 | |
other laugh the fastest. As soon as
you laugh you are out of the room. | 0:06:22 | 0:06:26 | |
There are no rules. They go crazy.
What they can do on TV and other | 0:06:26 | 0:06:31 | |
platforms, there is limitations.
Wattell advertisers support? You | 0:06:31 | 0:06:35 | |
know, TV regulations. With Amazon,
we connect comedians and their crazy | 0:06:35 | 0:06:40 | |
ideas and what we want the favourite
comedians to do. Matsumoto-san said, | 0:06:40 | 0:06:51 | |
what can we do, so we connect them
and that is why they have been so | 0:06:51 | 0:06:55 | |
successful and that is why people
love to watch it. We came to the US | 0:06:55 | 0:06:59 | |
and we put the service out in Japan
or other countries and they don't | 0:06:59 | 0:07:03 | |
work. People say that unlike the
content, better understand what's | 0:07:03 | 0:07:06 | |
going on. Pat Schiller is one where
we heard all about. We said there is | 0:07:06 | 0:07:10 | |
this giant space in Japan where
people are making variety shows and | 0:07:10 | 0:07:14 | |
comedy -- Bachelor. No one is doing
large-scale romantic reality series, | 0:07:14 | 0:07:19 | |
so let's do the biggest and best,
which is the Bachelor and everyone | 0:07:19 | 0:07:24 | |
said it was a horrible idea but it
is the top five show for us. We are | 0:07:24 | 0:07:29 | |
happy to take the risk and customers
are super happy with it. James | 0:07:29 | 0:07:32 | |
Farrell from Amazon Prime Video.
Everyone knows the law of supply and | 0:07:32 | 0:07:37 | |
demand but no one likes it when it
means you and me, the customers, | 0:07:37 | 0:07:43 | |
fork out more from our wallets and
we are talking about surge pricing. | 0:07:43 | 0:07:48 | |
To find out how it works and if
there is a way to work around it for | 0:07:48 | 0:07:53 | |
your next taxi ride.
Surge pricing is a dirty word in the | 0:07:53 | 0:07:58 | |
digital age, like spam or pop-ups.
Whether in rush-hour or after a big | 0:07:58 | 0:08:02 | |
event you will have to pay more.
That is because quite simply the | 0:08:02 | 0:08:06 | |
demand for the right out numbers the
number of cars on the road so to | 0:08:06 | 0:08:13 | |
avoid paying the surge prices you
have to understand how the companies | 0:08:13 | 0:08:17 | |
do it in the first place. Heat maps
based on real-time information, that | 0:08:17 | 0:08:24 | |
data is collected by a geo- tag in
the cars and alerts are sent to the | 0:08:24 | 0:08:29 | |
drivers to try to move them to the
areas where the demand is greatest. | 0:08:29 | 0:08:40 | |
Some situations where it is unfair
to do that, let's say if there is a | 0:08:40 | 0:08:45 | |
flood in the city, it is unfair to
charge 44 that, so the platform | 0:08:45 | 0:08:49 | |
allows the ability to ingest news
into the decision-making, the | 0:08:49 | 0:08:55 | |
weather information into the
decision-making, and that is how in | 0:08:55 | 0:08:58 | |
this case you will not have surge
prices in that area. So that is the | 0:08:58 | 0:09:06 | |
company. What about ask? What can we
do to avoid the surge prices? Moved | 0:09:06 | 0:09:13 | |
to another area, across the street
or down the road. Then again, you | 0:09:13 | 0:09:17 | |
can wait it out, so if demand goes
down, surge prices might go away. | 0:09:17 | 0:09:24 | |
And finally, number three, book a
car beforehand. If you know you need | 0:09:24 | 0:09:29 | |
a ride it is a good way to take the
guesswork out of getting home. From | 0:09:29 | 0:09:35 | |
surge prices to Japan's latest girl
band, let me show you, they are | 0:09:35 | 0:09:47 | |
called the Virtual Currency Girls,
yes, you heard me right, they each | 0:09:47 | 0:09:50 | |
play a character like the bitcoin
Etherium bought the Ripple and they | 0:09:50 | 0:09:59 | |
warn against fraudulent operators
and they urged people to make sure | 0:09:59 | 0:10:01 | |
of online security. Let's listen in.
And, if you want to take a picture | 0:10:01 | 0:10:10 | |
with them, fans had to pay 0.001
Bitcoin, about 15 US dollars, and | 0:10:10 | 0:10:19 | |
Japan recognises Bitcoin as legal
tender and one third of global | 0:10:19 | 0:10:24 | |
Bitcoin transactions are denominated
in the Japanese yen. Thank you so | 0:10:24 | 0:10:30 | |
much for investing your time with
us. I'm | 0:10:30 | 0:10:32 |