21/02/2018 Asia Business Report

against some of its

workers in Haiti.

Now on BBC News, all the latest

business news live from Singapore.

His team mix business with politics?

Donald Trump Jr visit India. -- is

he mixing. A look at how Chinese

Internet giant Alibaba has turned a

little-known Chinese city into a

start-up capital. It is Wednesday,

everyone. Good morning, Asia, hello,

world. Magic a drone is this midweek

edition of Asia Business Report. I

am Rico Hizon. We start off with the

US President's Summit, Donald Trump

Jr, he will be talking with buyers

of Trump branded apartments. Could

XA he is cashing in on the

President's name but Mr Trump says

he has been building relationships

in India for years. We managed to

catch as he was leaving Trump Tower.

On his first day in India, Donald

Trump Jr was not giving away

anything. Sir, one should be meeting

the Prime Minister as well? A

potential meeting with India's Prime

Minister has stirred controversy.

Donald Trump Jr will be addressing

the global business Summit on Friday

alongside Narendra Modi, but he

insists she will only be conducting

business, not politics in India. --

he. And insist developments like

this one of the only reason he is in

India. Just a few miles outside

Delhi, these ultraluxury apartments

are becoming the fastest selling for

the Trump brand in India. Indian

developers have said the value of

Trump brand of buildings has risen

by as much as 30% since Mr Trump

became president.

They also control

the principal design, the

architecture, the specifications.

They are fairly involved in the

product end to end, not only while

we're building the product but also

while we over services.

Donald Trump

Jr has partnered with local builders

who managed construction. In return

for using the Trump name, the

President's family business receives

a hefty royalty fee. Buyers of the

brand-new project in Delhi are being

offered the opportunity to have a

dinner and conversation Donald Trump

Jr. Critics are saying that

campaigns like this one in the

newspaper or on ethics atrocity. But

Donald Trump Jr says his company is

simply seeing the results of his

effort to cultivate relationships in

India for nearly a decade, something

he plans to continue on this visit

too. Canadian Prime Minister Justin

Trudeau is in India for his first

official visit and is pushing for

more trade between the two countries

and head of his meeting with the

Prime Minister, Justin Trudeau told

a gathering in Mumbai that his

delegation has struck deals for

investments in Canada. By Indian

technology giants. Canada's Prime

Minister has been in India since

Saturday when he spent the first few

days going to sites like the Taj

Mahal and India's top business

school, all part of an effort to

underline the cultural connect

between India and Canada. At on

Tuesday, he shifted his focus to

trade. An area that has been

neglected, this despite the huge

presence of influential Indians and

Canada. Bilateral trade between the

two countries stands at just $8

billion, Justin Trudeau met a wide

range of Indian business leaders on

Tuesday in Mumbai and he managed to

strikes and deals.

There are huge

compatibility is and compliments

between India and Canada, so much so

that coming out of meetings this

morning and a few other meetings

that we have had, we are able to

announce today over 5000 new jobs in

Canada and over $1 billion of

investment in Canada. We also talked

an awful lot about Canadian

companies investing in India, in

partnerships here, in our pension

funds and investors being extremely

active in all the amazing thing is

going on here in India.

Justin

Trudeau will meet India's Prime

Minister Narendra Modi on Friday for

formal talks. India is hoping to

sign a deal with Canada's pension

fund to invest in India's smart

cities programme, which is working

towards modernising the country's

infrastructure. Canada, on the other

hand, will raise the issue of India

raising hefty import duties on

lentils and should these. These

goods account for one third of

Canada's overall exports to India

and that is why this is an important

market for Canadian farmers. India

says that falling prices of both

crops internationally and cheap

imports are hurting Indian farmers.

The other Indian farmers who are

expected to feature -- the other

issue is expected to feature are

security, energy, and military

cooperation. Walmart led the Dow

Jones industrial average lower

overnight. The company's shares

falling more than 10%. Earlier, a

ask a business reporter why

Walmart's shares took a hit.

Walmart

has taken a real shellacking today

on Wall Street, it is down 10% at

the close and the real concern here

is about the online sales. Walmart,

we all know is one of the biggest

perks and mortar retailers in the

world but it is engaged in a

bruising battle with And is on, it

really needs to compete with Is on,

if it is to survive as a retail

giant and so, analysts and investors

closely watch the growth numbers in

online sales, even though online

sales only account for about 4% of

all my's overall revenue. -- Amazon.

-- of their overall revenue.

China's

e-commerce giant Alibaba calls the

Chinese city of Hangzou home. The

city has gained growing confidence

as a global technology hub. As part

of our special series, we look at

the country's ambition to lead the

world and artificial intelligence

technology and the start-up

ecosystem that surrounds Alibaba.

Its base is a third for offers in a

grotty block in Hangzou, a city that

is now synonymous with China's tech

industry. A city we cannot escape

talk like this.

Hangzhou's success is down to

history, it is at the southern tip

of China's grand Canal. It is a

place that has long looked out

towards what is on the horizon. In

the 1970s, when China opened up the

trade, this was one of the first

places to open up. A company that

has been here for almost 20 years, a

company that has changed China, a

company that is everywhere although

you can't see it, and at the helm of

that company is a man who can well,

almost walk on water. His name is

Jack Ma and he founded Alibaba, an

online retail giant that now spreads

across all of China. It has helped

create a multi- billion-dollar

ecosystem centred in Hangzhou.

And that was Hangzhou, one of Asia's

Silicon valleys. In other news,

straighter's Wesfarmers posting a

77% plunge in profitability after

earnings dropped sharply at its

Coles supermarket chain and it

looked a $1 billion write-down

against its British hardware

business. The brick and mortar it

companies having difficulty over the

last year. -- companies. The All

Ordinaries index is down by a point,

this is after the downbeat mood on

Wall Street overnight. Thank you so

much for investing your time with

us.