26/10/2015 World Business Report

Those are the latest headlines from BBC World News.

Now for the latest financial news with

The new ruling party in Poland says it will amend the 2016 budget

and introduce a bank tax on assets already at the start of next year.

The Chinese are taking to the sea, creating a boom

In a minute we'll have an intriguing report on how a village in Indonesia

Poland's conservative opposition Law and Justice Party,

which opposes adopting the euro currency and is anti-migrant,

Exit polls suggest it has enough seats to govern alone with

The party plans a $91 billion central bank stimulus

programme and a sharp rise in public spending to boost economic

growth and wages in central and Eastern Europe's largest economy.

Joining me now is Dr Jan Culik, senior lecturer at the University

Thank you for being on the programme. I have just scrape the

surface of some of their proposals in a pre-election runner. Talk us

through some of their ideas, and then we will get onto where do you

think they will work. Basically, one has to go back to the year 2005 when

they won the election last time. And they didn't get through the entire

period because there government fell apart due to internal squabbling.

Theirs was a very professional and efficient election campaign, and

frankly it is difficult to know whether any of their promises can be

fulfilled, it is on one hand they are proposing to give families more

money to race to win minimum wage, and on the other hand to cut taxes,

so it doesn't really seem to hold together. It is true I suppose that

the people voted for them for many reasons, one of them was that there

are low wages in Poland, with many people coming to other parts of the

EU to work because the wages in Poland, in spite of the fact that

the economy is doing very well, are very low. For instance, they are

proposing to raise the minimum wage to what is about ?2. In Britain,

that would be horrendous. There are various other reasons, with Vladimir

Putin is behaving quite aggressively towards Poland. A lot of Polish

nationalism has been whipped up by this party, and they demand strong

actions by Nato against Russia. Of course, this campaign against

refugees, which have affected Poland recently, but the head of the party

has made some horrendous statements about refugees and how they bring

diseases, and this is what was said about the Jews in the 1930s in Nazi

Germany. There is a whole gamut of reasons why people voted for them,

but the question is whether the programme can be successful. I just

don't believe it. We are out of time, but your view is very clear,

and interesting to hear the different ideas they have in mind.

There is a lot more detail on our website about that analysis, so take

a look as and when you have time. Renewable energy is usually

associated with countries which can But could there be something to

learn from small projects One village in Indonesia is using

waste water from the production of tofu to make biogas, which is

in turn providing power for homes. Tofu has been made like this for

generations. Deep-fried, it is a popular dish across the archipelago,

but here at this factory they are not only producing food but fuel.

The energy can be used in households for cooking. The main reason is to

reduce environmental pollution. He used to dump is wasting the river,

polluting waterways and the soil. Thanks to a process developed by the

state technology Institute, he is now filtering the wastewater through

an underground sewerage system. It is then treated to produce biogas,

providing people are this woman with a cooking fuel ten times cheaper

than liquid gas. Defusing biogas, I only need to spend about 10,000

rupiah per month. More than 2000 factories have started, and they are

producing much more biogas and is needed every day. This is also an

initiative aimed at reducing Indonesia's carbon footprint.

More than 1 million Chinese will go on a cruise holiday this year,

that's nearly five times as many as in 2012.

But with a potential market of 110 million leisure travellers

the global cruise ship industry is keen to nurture this market.

The big players, the likes of Carnival and Royal Caribbean,

which at the moment account for around 80% of the Chinese market,

have begun sending new vessels to be permanently based in the East.

To encourage further investment in this area

the Chinese government is predicting 4.5 million of its citizens will be

By 2030 that figure could be 7 million!

Chinese travellers want a very different kind of cruise to those

Someone who knows all about this is Gianni Onorato,

CEO of MSC Cruises, it has just announced a new partnership with

It sounds like an amazing market in terms of its potential, but as ever

there needs to be a lot done to make it work properly, doesn't that? Talk

us through your ambitions for the region. This is part of our

strategy, to become a major player. The Middle East, South America and

Asia were part of it, but now China is a new market, and also preparing

our new ships in the next seven years, we have an important plan.

What is the Chinese traveller want when they go on a cruise? What are

they looking for? This partnership is the first example of a

partnership of shipping and hospitality expert companies like

ours, and very deep knowledge from the consumer side. What we are

looking for is customising the ships in terms of hardware and the types

of services we will offer. Also to furnish their ships, with more

sheltered areas. The Chinese don't really like the sun. And more food

outlets and tea rooms. More casinos and more entertainment. It sounds

like there is a lot to do. When it comes to the development of ports in

Asia, that is very important isn't it, for your business model to work

you need key ports in the area to be up and running and able to receive

your enormous ships, as well as the likes of carnival and Royal

Caribbean ships. That is correct, this is one area, Japan and Korea

being the favourite destinations. It needs to be developed further,

although a lot of improvements have been made in the last few years.

Other destinations around China will be developed to ensure the growth of

this industry. Thank you very much your time. Let's have a look at the

financial markets. In Asia, a lot of attention on China. They are

starting their week-long discussion of their five-year plan for the

Chinese economy. We will be talking about that in detail in a few

minutes, but there is a boost, with a move in interest rates earlier in

the week.