22/02/2018 Asia Business Report


22/02/2018

Live from Singapore, the essential business news as it breaks and a look ahead to the news that will shape the business day.


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The document suggests the UK

won't be able to sign trade

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deals without permission.

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Now on BBC News - all the latest

business news live from Singapore.

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Federal reserve, minutes out of.

Will

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Federal reserve, minutes out of.

Will the

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Federal reserve, minutes out of.

Will the central bank take

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Federal reserve, minutes out of.

Will the central bank take a more

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hawkish approach on interest rates?

And a global tech consultancy shows

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businesses how to play their cards

right in the year of the dog.

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Good morning Asia, hello world. Glad

you could join us for this exciting

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edition of Asia Business Report, I

am Rico Hizon. We start off with the

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US and Federal reserve has released

minutes, giving an upbeat assessment

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of the economy and inflation,

changing expectation about interest

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rates have created more volatility

in the markets, just like what

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happened on Wall Street yesterday,

opening on the plus side but closing

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in negative with the Dow Jones down

by 167 point. As for Asian markets,

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currently open and it is a mixed

bag. The NIkkei up and the All

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Ordinaries down the. Earlier I put

the question to our reporter Joe

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Miller in New York.

If you ask the

markets when they had closed at 4pm

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the answer would yes but if you ask

the markets just a a few minutes

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after the minutes can out it was

anyone's guess and you will know

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that usually when these minutes come

out, a few minutes later my inbox

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and your inbox I am sure is filled

with comments of analyst and pundits

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explain what they mean. There was

stony silence as people try to

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interpret exactly what the wording

in the minutes meant and this is the

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all sorts of confusion, eventually

the markets settle on the fact that

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the words increased likelihood of

further rises meant we would see a

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more hawkish Fed and therefore

stocks fell and US bond yields went

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up to four-year highs. Overall I

think this is not the sort of market

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move that is too alarming. It is not

the sort of thing that would have

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happened if there had been even

stronger language suggesting that

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perhaps instead of three rate rises

expect in the next year there might

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be four. People are still on the

fence about that.

With pundits

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decoding the Federal minutes, what

are they generally seen? When will

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be the first rate hike from the said

this year?

Everyone now, it seems,

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is expecting a much rate rise of

0.25%. The question is really beyond

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that. The question is what happens

in the rest of the year? We seek to

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make more rate rises or three, how

confident is the Federal reserve

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that inflation isn't going to rise

well above its 2% target? The

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wording in the report really was a

sort of meddling about this. The Fed

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noted that the minutes noted that

inflation was edging towards that 2%

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target, but there was no alarm about

that and had there been a little bit

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more alarm that have seen a huge

market reaction but because they

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were fairly calm about the prospect

of interest rates moving towards 2%,

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the markets were not too alarmed.

Overall I think these minutes had

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less of an impact that many thought

they might.

Amazon have reached a

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new high, stocks rising above the

$1500 mark, a huge contrast to

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Walmart, which dropped overnight, a

day after they experienced their

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worst day on Wall Street for more

than 30 years. I am joined by my

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colleague, eight ten Walmart compete

with Amazon?

They are claiming a

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stiff learning curve and are going

as fast as they can but you look at

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the earnings report, it is not

moving fast enough. On Tuesday they

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came out and they missed their

projection, the first time into a

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half years and that new scent their

stock in a freefall. It went down

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10%. So what the chief executive of

Walmart is saying that they ran into

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operational challenges and that is

because their online sales were

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soft. The big test is over the

Christmas holiday, had trouble in

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their distribution centre getting

electronics and toys out in time and

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this is what Amazon has done

incredibly well. A streamlined the

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distribution process and some is the

most efficient system in the world.

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They have a long way to go, they

said they want to get their online

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sales up 30% by the end of the year.

If you take a look at Amazon stock

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price, its market cap is more than

700 Win US dollars, that 1 trillion

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mark ever so near. Thank you for

that update. My colleague Monica

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Miller. -- $700 billion. WhatsApp is

used by millions of Indians, they

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target payments and eating sports

scores without a data connection.

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But it is an ambitious plan for a

firm that is burning more cash than

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it may. -- makes. Sally bunged up

sat down with its executive.

Hike is

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different in the sense that we don't

have logistics, we have a team in

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Bangalore and most of our costs are

absorbed. Some marketing costs and

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our people. That is not a concern

with respect to Hike.

Others say it

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is a concern.

Very unlikely. There

is a concern in the market to shore.

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I think at the end of the day,

Internet businesses at such an early

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stage of the economy, we are all

looking at other e-commerce

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businesses and businesses in India,

they are in investment phase.

Will

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you have to raise more money soon?

I

think it is very likely that one

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would go for two more rounds of

funding, we are very early in our

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journey and have raised $260 million

but it is so early on in its journey

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that we still believe a lot of work

has to be done to bring us into the

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online.

Have you had any approaches

or people interested in buying your

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company?

I can't comment on that.

OK. Having said that, Facebook, we

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know they have had difficulties

penetrating the Indian market, so

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people will see you as an attractive

option?

To shore. No doubt. I think

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that is the case for a wall local

companies doing well. -- all locals

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to be when I founded the company

idea was 1 billion people will come

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online for the first time in their

lives. A billion people. China, it

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hasn't happened, it Japan, it hasn't

happened in the US. Ins will be

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different and we believe messaging

could simplify the way people come

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online which is why Hike itself is

more than messaging, it has content,

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scores, live music. It is different

from the market, which is why we

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have Chinese investing in the

company and I think that is where we

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are today.

Speaking there to the

BBC's Sally bundled. Technologies

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ever-changing, making it hard for

businesses to keep up, which trends

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ranging from a chain to the Internet

of things should they focus on? Lisa

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caught up with tech consultancy

company damage and data, which

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weighed out predictions from a deck

of cards. -- To mention Data. It has

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to look at cyber security and help

the chain will disrupt it.

Cyber

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currencies like bitcoin are

interesting but the underlying

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technology which is an irrefutable

system has a lot of uses.

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Altercations and certifications,

land Registry titles, people need to

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get those instantly. These can be

online, public and they are

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guaranteed to be accurate. There is

a number of uses of the underlying

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gene technology which we are yet to

take advantage of.

Is move on to the

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next card and what it holds. It has

to do with customer experience and

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how that is going to be powered by

the Internet.

The use of new digital

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technologies now to improve the way

you work it out there. There are

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nine typical channels, I am, voice,

e-mail, social media, that you can

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interact. From the voice varies

voice recognition technologies, they

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can actually look at your intent,

they can throw up box or guide you.

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If you are frustrated with eight

website at playing for a new credit

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card. And also potential analysis,

they can predict what it is based on

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your speech pattern that you're

trying to look for. Completely

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changing the way you interact with

your bank or your telco.

And

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finally. Digital business and how

that is going to be disrupted by AI,

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machine learning robotics and

virtual augmented reality.

I think

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we are still very at the early

stages I think the platforms are out

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there, freely available for a lot of

used. We need to encourage and

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educate our employees to use these

tools and make sure you have a

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record of all the data in the

organisation seek a start to get

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inside and make smart decisions.

Thanks Andy for your insight and

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predictions, will have to check back

in in 2019. A deck of cards

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predicting the future of IT. That is

it for this edition of Asia Business

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Report. All of those on Twitter.

Thank you so much for investing your

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time, bye

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