16/01/2018 Asia Business Report

And the top story here in the UK:

The government says there have been

no reports of serious disruption

to public services,

following the collapse of the huge

construction firm Carillion,

which has gone into liquidation.

Now on BBC News all the latest

business news live from Singapore.

America's auto giant showing a

technology driven future at the

opening of the Detroit auto show.

And Israel's Prime Minister visits

India, could this be a new era of

co-operation?

Good morning Asia. Hello world. It

is Tuesday. Glad you could join us.

We started the programme with the

treat auto show and big trucks and

smart cars are set to dominate this

annual North American International

auto show. America's three auto

makers have enjoyed three show years

of strong sales, but they are also

in a race to stay ahead of foreign

competition, at least when it comes

to building high-tech autonomous

vehicles. All the stories from

Detroit. This is a self driving

vehicle, tested by Ford to deliver

pieces. It looks pretty much like a

normal car but those spinning things

on the top are sensors and I got to

take you round the car to show you

what it is seeing. Look at this

here. That little red dot is me,

that is what the car is seeing so it

can make decisions on where to turn,

where it stopped or accelerate. Ford

is not the only car maker that is

talking about these, pretty much all

of them is and they are investing

money into research and development.

How will the government regulate it?

We also have a transport secretary

of the US government here yesterday

saying they don't want to have a

command and control approach. Saying

they don't want to interfere with

innovation, but of course safety is

a big concern for them. Also very

much saying that the onus is on Thai

companies to make people feel

confident about vehicles like these.

It is incumbent upon these

manufacturers and high-tech

companies to share their enthusiasm

and their competence in this new

technology. Because unless they do

so, the consumers will not accept it

and this would not be a success.

General Motors has already made a

request to the US government to

allow them to put this vehicle on

the roads as early as next year. No

steering wheel or paddles. Many

other carmakers think the world is

not ready for it just yet.

It will

take years before we see full

autonomous drive, lot of things need

to our legal environment and we

believe that many customers are not

ready for cars without steering

wheels.

But that future for cars

with no passenger controls could be

a reality pretty soon. Look at this

vehicle, there is a screen in front

of me, no steering wheel, no paddles

beneath my feet. These shuttle buses

are already being used on the

streets of Detroit on fixed roads

and will soon be used on others as

well. The advances are coming at us

faster than we had imagined and the

question facing government and all

of us, are we ready to concede

control to machines and software?

Israeli Prime Minister Benjamin

Netanyahu is on a six-day India to,

aimed at deepening trade and defence

ties between the two countries. He's

been a company by the largest

business litigation that has

accompanied an Israeli PM on a tour.

Joining us is this our reporter in

Mumbai, how important is this trip?

Very significant because he is

coming to India just after eight

months after the Prime Minister

visited. They are keen to increase

ties between the countries. He has

the biggest delegation, 130

entrepreneurs have come with him and

a lot of start-ups and some

important ministers and officials

from the government. It is a six day

to us, not just restricted to the

capital, they will be visiting the

hometown of the Prime Minister, he

will also be coming to Mumbai after

that where he will be rubbing

shoulders with some celebrities from

Bollywood. It is a very long tour,

the idea is to send a signal that

Israel are keen to deepen ties on an

economic and culture will front.

This is being billed by both leaders

as a new error of co-operation, what

are some of the significant

agreements that have been signed by

the two countries?

Last evening, on

Monday evening, Mr Modhi and

Benjamin Netanyahu announced an

agreement on cyber security. No big

deal is. We were expecting to hear

something on defence because that is

at the heart of this partnership.

Israel is a big defence equipment

maker but we haven't heard anything

on that stop it an Israeli company

had recently a few months ago struck

a deal where it was going to send

antitank missiles here for $500

million, that got cancelled and we

expected to hear something on it but

it didn't happen. Overall, it is a

trip where both of the leaders want

to send out a message where in the

long-term India and Israel will be

strong economic partners.

The start

of bigger things to come. Thank you

for that update. Let's take a look

at the markets and a global stock

bull run shows no sign of abating,

despite Wall Street being on

holiday, US markets are expected to

restart trade later today at record

highs. Here in Asia, stocks have had

a strong start to the year but all

of this euphoria, one regulator is

one of market risks. Saying that a

global economy is in a Goldilocks

narrative and they need to watch out

for the three beers, -- three heirs.

I spoke to an investment strategist

at LGT bank and I asked about him

about the red flags and had.

I think

it is correct we are in a Goldilocks

scenario, above trend GDP growth and

below trend inflation. A very

healthy and supportive backdrop for

risky assets.

What about the three

Bears, are we already in the midst

of it? Are people turning a blind

eye to protectionism, to inflation

and financial instability?

In terms

of inflation, what is remarkable is

how unemployment has come down

across the world and we can see the

United States we have full

employment but wage pressures have

been very muted. It is during select

pockets, Germany, where unemployment

is very low, we are seeing wage

inflation but it is a broad based in

Manon. It doesn't put centre-backs

-- central banks under pressure to

inflate interest rates. In terms of

protectionism, we will have Nafta

rear dressed in Montreal later this

month 's. If it were to be cancelled

and the United States was to

unilaterally pull out, that would be

a shock to markets because that is

not being priced in the.

Despite the

collapse of a floor at the Jakarta

stock exchange on Monday, stock

trading continued throughout the

day. It was a shocking incident in

which 70 people were injured.

Rebecca Heng Chee has more from

Jakarta.

CCTV captures the moment a group of

students on a study tour falls to

the floor below as a walkway

suddenly gives way. Outside, chaotic

scenes of the injured captured on a

mobile phone. This man works on the

16th floor of the building, its bill

felt the impact. Before lunchtime, I

hear some voice and the building

shakes and the staff panicked. This

done at the building is also home to

the World Bank and other key foreign

businesses. Everybody was evacuated.

Jakarta's. Changed is at the centre

of Jakarta's central business

district, a prestigious and wealthy

area. Questions are now being asked

how something like this could happen

here. Later, officers will some

workers that it is safe to come back

inside one of the towers. But some

are reluctant to do so.

No, it is

not advised from my colleagues and

office management, don't invite me

to go back into the building.

--

advised. Police quickly ruled out

terrorism as the cause of the

collapse and are still investigating

what went wrong. Indonesia is still

actively trying to bring in more

foreign investment. Things like this

in the heart of its business

district are not the image they want

to portray.

Thanks for watching Asia Business

Report. Don't forget to follow us on

Twitter. And I am at Rico Hizon.