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tv   Asia Business Report  BBC News  October 1, 2018 1:30am-1:46am BST

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and earthquake on the indonesian island of sulawesi. there are fears that thousands more have died, as whole towns were reduced to rubble. survivors are now struggling without food, water or power supplies. indonesia's president has promised to provide all the help they need. typhoon trami has made landfall in japan, injuring at least 80 people. osaka's international airport, which was crippled by another typhoon earlier this month, had to shut again. and these pictures are popular on our website. they are from the chinese city of shenzhen, where more than a million led lights were installed to mark china's national day. this year marks the 69th anniversary of the founding of the people's republic. that's all. stay with bbc world news. and the top story in the uk: the brexit secretary, dominic raab, will use his speech at the conservative party conference later to insist the government is ready to take britain out of the eu without a deal if necessary. now on bbc news, live to singapore
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for asia business report. hello, october. this brand—new week kicks off the final quarter of the year. we look at the seams which will dominate the financial market over the last three months of the year. action. and in india we look at how the entertainment industry is clamouring for an audience who are glued to their smartphones. it is monday, everyone. good morning, asia. hello, world. glad you could join us for another exciting edition of asia business report. i am rico
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hizon. beverage giant pepsico will be delivering earnings on tuesday, the first since the ceo announced she will be leaving the post. on thursday we will find out the top 100 global brands and there is the paris motor show where carmakers are getting ready to unveil their latest models. in terms of what to focus on this week, david gave me the full outline for what he is watching four from pepsi. i think they need to actually have a new strategy, because ultimately we only have two soft drink brands in the world as far as america is concerned. we have coca—cola and we have pepsico. it will be interesting to see what the new boss will say in terms of the new boss will say in terms of the new strategy. 100 best global
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brands, will we see chinese brands in the list? that is an interesting one. i was talking to some people recently this week and was saying can you think of any top chinese brands? the answer is they couldn't really co m e brands? the answer is they couldn't really come up with any. they say alibaba. so i think the chinese companies need to drive their brands more global. what will move stock markets this week? continuing the us china trade dispute, canada and the united states? the three ts? trade, trump and trade? i think it will be on the american and chinese side but ultimately it will be earnings. earnings will always drive the market. over now to japan where business confidence among big manufacturers got worse september
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from three months ago. japanese companies are feeling the pinch from the rising costs of raw materials. also recent floods and typhoons that have disrupted production of many factories. but there could be a reprieve from the auto sector, as last week prime minister shinzo abe has agreed not to impose tariffs on japanese vehicles. he has been co mforta bly japanese vehicles. he has been comfortably elected as president of the ruling party. shinzo abe looks set to remain in office until 2021. the key point now is going to be fiscal policy, and we know that the new extra budget of around 1% of gdp is in the making. you will remember japan was haunted by a couple of natural disasters, very big typhoons, so there will be additionalfiscal typhoons, so there will be additional fiscal support actually going forward. and then the big news is going to be the reshuffle of the
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cabinet. new blood for more deregulation to re—energise economic policy. a cabinet reshuffle injapan will be key. let's talk about the stock—market, at a 27 year high. can this be sustained, or has it reached overvalued levels? absolutely not. it can be sustained and the reason is, you put yourfinger on it, valuation. japan still trades on a price—earnings multiple of less than 14 price—earnings multiple of less than 1a times earnings expectations, which are very conservative. we will see a big wave over the next three months. we will see a big wave of earnings, revisions up, and that should leave the market higher.m other news, we are hours away from the sunday midnight us deadline for canada and the us negotiators to reach a renewed deal on the north american free trade agreement, also known as nafta. washington has
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already reached a side deal with mexico. the trump administration had threatened to proceed with mexico only trade pact as differences over canada's support of dairy market led to stalled negotiations with the americans. in the shipping market, the industry is facing a few challenges. containerships the industry is facing a few challenges. container ships move $4 trillion worth of trade each year. a trade war showing no signs of abating between the us and china could take a toll on shipping volumes. another uncertainty, new regulations relating to shipping fuel, which will drive up operating cost. a shipping expert spoke to me earlier and started with how trump's ta riffs earlier and started with how trump's tariffs are impacting the industry. we have seen relatively limited disruption in terms of the actual knock—on effects of the tariffs, but... so when will the major disruptions materialise? what you have seen so far is spikes in volumes as people try and get under
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the tariffs before they come into effect, and drops the next month. overall volume is relatively limited but what we will see as a realignment of some of the trade line. a lot of the complexity is based around china with shipping so as trade shifts from china to other south—east asian networks you will see a realignment of intra— asia trade and some possibly back to the us. so how is at this point trying to circumvent tariffs on chinese goods? well, manufacturing hubs can change. ships are obviously able to go wherever they want. moving out of china? the problem is we are going to be seeing some further disruption down the line, as you see this realignment of lanes. the problems will come in terms of our the shipping lines are able to pass some of those costs on as things become more complicated. are the costs already being passed on? in some
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cases yes and in some cases no. shipping has an inherently low freight rate at the moment, unsustainably so, and passing those costis unsustainably so, and passing those cost is only as a tricky business at the moment for some shipping companies. netflix and amazon are caught ina companies. netflix and amazon are caught in a tough battle in india to increase their viewer base, but there are also a number of home—grown brands in the fray. many indian production houses are making shows for the web in launching their own applications and platforms where they can be viewed. how is all this changing show business in india? our correspondent sent this report from mumbai in herfinal correspondent sent this report from mumbai in her final episode correspondent sent this report from mumbai in herfinal episode of reinventing india. indians are glued to the small screens, not by the thousands but by the hundreds of millions, and that means there is a boom in demand for content. action! at this open—air studio in mumbai they are filming a chauffeur the web. this isjust one of
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they are filming a chauffeur the web. this is just one of dozens of such series being made. this man has played small roles in mainstream bollywood movies, but here he is the lead character. for actors, the writer especially, there is a lot more opportunity now, which is a lwa ys more opportunity now, which is always nice. it is a very cutthroat kind of business, and it is always nice to have the ability to addition for more things of quality. -- to audition. the internet is also changing storylines. this series centres around a lesbian love story, a theme which would have been difficult to get on cinemas in india because of stringent censorship rules. entertainment on the web, though, is largely unregulated. rules. entertainment on the web, though, is largely unregulatedlj have though, is largely unregulated.” have the power to show exactly the story i want to tell, without cutting back on my storyline. there is more sense of freedom. it is like independence. at indian box office as it is largely action and romantic
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movies that sell tickets and it is mostly established stars or people from film families who bagged leading roles. on television, prime—time programmes are normally family dramas and they can go on for yea rs, family dramas and they can go on for years, with thousands of episodes. which limits opportunities for other shows to get on air. so what is digital platform has actually done is that it has democratised the indian entertainment industry. it has given work to the tens of thousands of artists waiting around in mumbaifortheir thousands of artists waiting around in mumbai for their break, and it has also allowed a wider range of stories to be told. foreign companies see the business potential. after their first big indian production, secret games, netflix has announced a slew of new shows they are making the audience is here. and most indian studios have their own video on demand platforms as well. but this boom depends heavily on mobile data rates remaining low, which are a result of a price war in the telecoms industry. as long as it last, the
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cameras will keep rolling. let's have a quick look now, before we end the programme, as you can see, the nikkei 225 continues to surge to fresh 27 year highs. despite worse than expected reports from manufacturers. as we heard yesterday from tokyo, valuations are still very low for many of the japanese corporations. thank you so much for investing your time with us. i'm rico hizon. sport today is coming up next. this is bbc news. the top stories this hour: over 800 people have been confirmed dead in indonesia, with fears the death toll from the earthquake and tsunami could rise to the thousands. aid supplies have started to reach sulawesi, but many desperate residents have resorted to looting supermarkets and petrol stations. new research shows younger people
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experience loneliness more often and more intensely than any other age group. the nationwide survey found that 40% of 16— to 24—year—olds feel lonely often or very often. james gallagher reports. it's just — you just feel empty. you just feel so alone, and so low. like, it's like you're completely isolated from everyone else, even though you might not be. it's horrible, it's a horrible feeling. hannah describes herself as confident and friendly, yet she also says she is lonely. the bbc survey shows that, like hannah, it is between the ages of 16 and 24 that we feel lonely more often and more intensely than at any other time in our lives. scientists at the university of manchester say the study
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reinforces that we can be alone in a crowd, and that being disconnected from the world around us is a major cause of loneliness. that might be why the young are most at risk. what you're doing is you're going out in the world, you're having to work out who you are, what groups you fit into, and it's a real point in your life of lots of changes. so there are — you're almost vulnerable to loneliness because of that. volunteering is one way hannah copes with her loneliness. she helps organise fast friends. it is a place for young people who are feeling lonely to find someone to talk to. hannah may not be society's stereotype of loneliness, but if there is one thing this study shows, it is how loneliness can affect us at any stage in our lives. james gallagher, bbc news. you can hear more about the findings tonight at 8:00pm on all in the mind on bbc radio 4. the ministry ofjustice says a
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disturbance at long lartin prison has now been resolved. seven prisoners have been placed in isolation and will be transferred to other prisons. an investigation has been launched. a 28—year—old man has been launched. a 28—year—old man has been charged with the murder of two women in a village in kent. he is also charged with the attempted murder of a man in his 70s following an incident in a house near the bridge early yesterday morning. it is thought the suspect, who appeared before magistrates, was known to his victims —— tonbridge. now, with the news of golf‘s ryder cup battle in france, and much more, here is sport today. hello, i'm marc edwards and this is sport today, live from the bbc sport centre. coming up on this programme —
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utter, utter elation as europe regain the ryder cup with an empahtic win over the usa. muted celebrations in sochi as valtteri bottas hands victory to lewis hamilton at the russian grand prix. and we've got a classic what happened next moment for you from the bundesliga. welcome to the programme. thrills, spills, twists and turns, tense head—to—heads and ultimately a crushing victory. europe have regained the ryder cup after thrashing the usa 17.5 to 10.5 at le golf national in france. trailing 10—6, the americans had threatened a comeback by winning 3 of the first five singles points but europe weathered the storm to prompt wild celebrations as ben croucher reports


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