26/02/2018 Asia Business Report


26/02/2018

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Now on BBC News, all the latest

business news live from Singapore.

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The magic 7%. Will India's latest

growth figures deliver? We will look

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at factors affecting India's

economic potential. Trade deals you

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can sink your teeth into. I know

about the possible impact of the

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changes to the American free trade

agreement. -- North American Free

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Trade Agreement. Good morning, a

ship. Hello, world. It's a Monday,

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the start of a new trading week.

Glad you could join us for another

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exciting edition of Asia Business

Report. I'm Rico Hizon. We take a

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look at the markets and it's going

to be an busy week when it comes to

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economic development in Asia. Here

is what we are tracking. We start

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off with India releasing its latest

growth numbers for the three months

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until December. Also on Monday, the

latest indicator on China's

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manufacturing activity. And Jerome

Powell makes his first major

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appearance as Fed chief in front of

Congress.

The market only looks at

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that possibility although the Ranger

now it's about a 6.5 - 7% GDP

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numbers. Generally, it's improving

from October to December period.

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Rate remains to be seen the.

Do you

think the Chinese forecast is for it

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to slow down? Is it likely to

reflect to manufacturing activity

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this month?

This could really be the

case. There are some Chinese

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distortions but I think the numbers

the macro expansion territory, the

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market should not be too. The

government is focusing on more

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sustainable growth moving forward,

so that current number should not

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matter too much. For manufacturing.

All eyes will definitely be on new

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Fed chief Jerome Powell this week.

Will he basically say what was

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already said in the minutes of the

previous month? Higher inflation and

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potentially three or four rate hikes

in 2018?

I think he is one who will

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champion continuity, in this case we

focused on inflation. In upbeat

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sentiment towards growth. I don't

think there's going to be too much

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of a surprise to the market. The

respect of the volatility we are

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seeing... It will be something to

look at.

India's reportedly looking

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for government backing for a project

in Wales. Let's cross over to Delhi.

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Do you think this will materialise?

Thank you. We are looking at about

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4000 jobs in at the moment. Even as

Tata steel is going ahead with the

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merger. Looking at Tata steel

seeking £60 million from the UK

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Government, that's the UK tax payers

money. This, they feel, is essential

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to keep operations up to speed. And

isn't it addition -- is in addition

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to a £30 million that was also

invested by Tata steel last year.

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Port Talbot has been at the centre

of negotiation with the UK unions

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for Tata steel and this, when it

announced his plans for its merger,

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they were worried about the risk of

job losses. That time, it was agreed

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that about $1 billion would be

invested, given the market

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conditions. And now it seems that

Tata steel wants to raise this money

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from the UK Government according to

reports. Official statement is yet

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to be made.

Thank you so much. Our

business reporter. In

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telecommunications, if you want to

see the future shape of mobile

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phones, Barcelona is the place to be

this week. The industry's biggest

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annual shindig, the mobile Congress

gets underway today. And some of the

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newest models have already been

unraveled. Take a look at the

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throngs of people going through the

crowd to see the latest mobile

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phones. Art technology correspondent

reports that it's getting ever

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harder to make new phones stand out

of the crowd. The fastest moving

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industry on earth is in Barcelona

this week. But lately, the

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mobilephone business has hit a speed

bump. Smartphone sales dipped at the

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end of last year and the phone

companies know they need to get

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people new reasons to upgrade.

I

want access to the Internet wherever

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I am, I want instant access to

everything.

If my phone slows down

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to the point where it's not

processing the way I need it to,

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that's where I go get anyone.

I feel

like it would have to replicate the

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iPhone a lot because that's the

standard. It would have to almost

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exceed expectations of the iPhone.

Don't tell that to Samsung which

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believes its galaxy smartphone set

the standard. The industry's jackpot

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the spectacular -- spud on a

spectacular show to release the

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latest version, which seems very

similar to last your's model.

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Getting a high-end smartphone to

stand up from the crowd is getting

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ever harder but Samsung believes

slow motion could be the answer. The

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camera on the phone can make

anything happen about 30 times

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slower. Another gimmick, you can

create an animated emoji that looks

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just like you. It is this me,

really? Well, sort of. Samsung has

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decided it is the camera and

everything it can do that is now

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keep.

We know annually this over a

Trojan photos shared globally. Today

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on a daily basis, people share 5

billion um oh geez --

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... It's not just for taking photos

any more.

Nokia continues. This

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time, another retro phone, the

so-called banana phone. It seems

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every company is struggling to look

different.

Albeit devices, pretty

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much black rectangles. Consumers

ultimately are going to gravitate

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towards big brands, the best deals

and I think you really going to

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nothing about replacing the funds as

quickly as they used to.

Mobile

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phones are not sophisticated

supercomputers offer so much more

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than just calls and text. Impressing

jaded consumers gets ever harder.

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Negotiators from the United States,

Canada and Mexico will be spending

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this week reworking the North

American Free Trade Agreement. US

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President Donald Trump has

threatened to walk away from the

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Nafta altogether if it is not

changed in America's favour. As Joe

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Miller found out in his locker

diner, winding back Nafta could be

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very messy indeed. -- in his local

diner. Donald Trump talks a lot

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about trade deals. In case you

missed it, he's not really a fan.

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Every trade deal we have is

horrible.

He claims they take away

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from American jobs and really hurt

American producers and farmers. But

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one thing we know the president is

definitely a big fan of is the

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all-American burger. But the thing

is, this burger is really only made

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possible thanks to Nafta or the

North American Free Trade Agreement.

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And that's the very agreement that

the Trump administration is

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currently in the process of

renegotiating. Just to give you an

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example of how complex that is, take

the beef from this burger. American

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farmers grow corn. They send that

corn into Mexico, to Canada.

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Ranchers there use that to feed the

cattle him about 2 million cows to

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be processed. The bun is almost

certainly made with Canadian wheat.

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You've got your tomatoes, your

lettuce, they are almost certainly

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from Mexico. And if you like

mushrooms on your burger, which I

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quite frankly think is a crime

commitment again depending on the

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variety could come from any of the

three countries. And no burger is

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complete without french fries, which

believe it or not, probably come

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from Canada because Canada is

actually one of the world's largest

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exporters of frozen french fries.

Renegotiating Nafta does not mean

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this burger ceases to exist but what

he might do is take a complex dish

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and make it even mark-up located.

For now, I'm quite hungry. -- make

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it even more complicated. Me too.

I'm really getting hungry. Ready for

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my breakfast. Let's have a quick

look right now at the markets.

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Currently all Asian entities are in

positive territory. This is after US

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equities rose on Friday. Thank you

so much for investing time with us.

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