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tv   Asia Business Report  BBC News  November 15, 2019 1:30am-1:46am GMT

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our top story: china's president has warned that protests in hong kong are threatening the "one country, two systems" governing principle. in rare comments on the unrest in hong kong, xijinping said the city needs to urgently end violence and restore order. a student has opened fire on a campus near los angeles, leaving two dead and injuring three others. the 16—year—old suspect, who was also injured, was taken into custody. and this video is trending on a british inventor has broken his own record for the fastest flight in a jet suit. richard browning, also know as ‘jetman,’ raced through the air at almost 137 kilometres per hour at brighton beach in southern england, smashing his previous record by more than 80 kilometres per hour. that's all. stay with bbc world news.
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more on our website and the news app. now on bbc news, live to singapore for asia business report. there australia's brexit beef. why the united states and china are back in canberra's call for compensation from britain and the european union. india embraces body positivity. social media influences have helped to change attitudes. hello, and welcome to asia business report. i'm sharanjit leyl. we begin with brexit, because the world's two biggest economies, the us and china, are among the group of country arcing a demand from australia for
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compensation from the uk and the european union over losses incurred by its beef and lamb exporters. —— backing a demand. more now on the story from a reporter mariko oi, who joins me in the studio. what is going on? australia's argument is that its businesses have really been affected because of brexit delays, because they stopped exporting beef and lamb ahead of those three possible deadlines, remember, those three dates in march, april and then in october. the reason they did that is that the european union curbs imports by only allowing a limited amount of agricultural products from other countries to enter the european union, with reduced or even zero tariffs. anything above that, it gets too expensive but it is not even worth it. at the moment, the quotas are for the whole of the eu, including the uk, and of course after brexit, they have to decide how to divide those up. i had of
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those deadlines, australian businesses were just unsure how much they were allowed to export, so that is why they stopped. —— ahead of those deadlines. so even though brexit didn't happen, but later stated in october affected exports ahead of christmas, and of course we all know how valuable that is. that is why australia is now asking for compensation which was marked by, as you said, a number of countries, including the us and china, and they also expressed concerns that those quotas, the eu quotas, could be filled up by british exports and vice—versa after brexit and their businesses would be left out from those quotas. we will be watching to see what happens next at the wto. thank you, marika oi. two of southeast asia's leading business families arejoining southeast asia's leading business families are joining forces, one of the philippines biggest conglomerates is investing more than 200 million us dollars in two companies controlled by myanmar born tycoon sergei poon. the ceo of one of those companies told me about his
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plans in myanmar. myanmar is a fast—growing economy. even in the last few years, it has grown at more than 6% per year. the future is very bright. we are selling from a very low base. when we look around it is interesting that the philippines has a similargdp per interesting that the philippines has a similar gdp per capita ten or 15 yea rs a similar gdp per capita ten or 15 years ago, and if you look in the country, there is no better country, and a better company than ayala. ayala's experience over the last 10-15 ayala's experience over the last 10—15 years has allowed us a playbook on how yoma can play a role in capturing that group. yoma's strategic moves, what are they doing specifically? it is a company and lots of different things, a conglomerate with different interests. we are a conglomerate and we are listed in singapore, so we have access to capital. we also have the corporate governance to get our partners comfortable. we are a partners comfortable. we are a partner of choice for many international companies. our key
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businesses are real estate, where we are developing a very large mixed use complex called yoma central, as well as residential. we are also in financial services, which is in mobile financial services, ewallters —— ewallets. mobile financial services, ewallters -- ewallets. there are lots of concerns about the rohingya crisis. that has put up a lot of western investment. how has it impacted you? there is a big infrastructure gap in whole country, whether it is power, roads, et cetera. but is stopping a lot of assessments coming in. to that end we are trying to see how we can help, whether it is putting power together, that is something we're doing with ayala as well, we're doing with ayala as well, we're doing with ayala as well, we're doing renewable power into the country. the wreck issue is a bit of an overhang. clearly it is a sad situation, there have been conflicts between ethnic groups for many decades which have come to a head. myanmar is a large country. largely rohingya area, the rakhine area, is
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quite farfrom rohingya area, the rakhine area, is quite far from any of the areas we will operate in. in terms of the actual business it does not really induct us. google is launching personal banking, teaming up with citigroup to offer current accounts next year through its google pay app. it has a potentially vast customer base, someone a billion people use gmail, and millions use digital payment service, google pay, each month. the plan has raised fears about silicon valley gathering too much personal information about us. too much personal information about us. i think google sees this as another possible revenue stream, a way of making money from that huge user base you talked about. it is also a way of keeping users inside its ecosystem. all these big tech firms like to keep users on their platforms, offering us various products and services, so we keep looking at their website rather than going to a different website or app to make a financial transaction. so by taking —— staying on their side,
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google can charge more advertising revenue, and it is all about making more money. yet another gloomy assessment of india possible what else has moody's been saying about india? well, last year need is actually tagged growth to 7.4%. drastic changes there because of all the outlook that is now coming out of india. this isjust a week the outlook that is now coming out of india. this is just a week after moody's also changed india's outlook from stable to negative. this is the third consecutive downgrade revision done by moody's when it comes to the indian economy. the international monetary fund had also revised its growth estimates for india to 6.1%. it is rather concerning. at the end of the month, the indian economic figures are likely to come out for the gdp, which is currently growing ata the gdp, which is currently growing at a dismal 5%, the lowest in six
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yea rs. at a dismal 5%, the lowest in six years. experts in many studies in the run—up to that have already estimated that there are indicators it could go well below the 4.5% mark. there are several worries, coupled with a lack of industrial output, lack of consumption, lack of demand. the situation remains fairly grim here when it comes to the economy. good to have you update us on that story. staying with india, where body positivity is filtering into the mainstream, helping to create new opportunities in the fashion industry. it is getting some help from social media influencers. fashion is for everyone. that is what 24—year—old sakshi believes. a budding social media influencer, she is shooting a video on plus size dresses in delhi. but until last year, she was struggling with her
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body confidence. 13 years old, 12 yea rs body confidence. 13 years old, 12 years old, i would get body shamed ona years old, i would get body shamed on a regular basis. i did experience not eating at all. i would tell myself, if i eat any more than two spoons of rice a day, it would be very bad. like, i would spoons of rice a day, it would be very bad. like, iwould be spoons of rice a day, it would be very bad. like, i would be crying, spoons of rice a day, it would be very bad. like, iwould be crying, i would be so hard on myself. frustrated with the weight gain, she decided to talk about it on her youtube channel. most of the time we are body shaming ourselves, even though other people are not shaming us. though other people are not shaming us. it is so weird. what she showed brought in many followers who started asking for styling tips. that marked the start of her collaboration with niche plus sized brands which paid her to feature their products. experts believe the $4 billion worth plus size market has a huge potential in india, but it is largely unorganised. traditionally, tailors have filled this gap with made—to—measure garments at affordable rates. and
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forfashion labels garments at affordable rates. and for fashion labels to crack this market, they would have to first change their consumer mindset. one of india's leading retail brands, the future group, is trying to do just that with exclusive plus sized stores. there is a clear shift in the confidence of an individual to carry fashion. so no longer is it that particular mid—size category, when you look black and you look slimmer, it is no longer about that. people have been open to trying whatever it is right and in trend. the group has over 80 such a brick and mortar stores, and insists on their size chart of 0— five level clothes. but what do shoppers think? translation: it feels good to fit in size fourfor a translation: it feels good to fit in size four for a change. so as plus sized customers feel more co mforta ble sized customers feel more comfortable about embracing their curves, so do the domestic fashion brands who are lining up to serve them. and before we go, a quick
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recap of our top story this morning. the world's two biggest economies, the us and china, are among a group of countries backing a demand from australia for compensation from the uk and the european union over losses incurred by its beef and lamb exporters because of brexit delays. a quick look at the markets. we can see the nikkei gaining quite a bit, as are the other markets. they are basically taking the cues from wall street, which ended on yet another record again. we're also seeing a wea ker record again. we're also seeing a weaker yen, helping to japan's exporters. and apparently the white house's economic advisor, larry cutler, is saying there might be some trade resolution to that row. this is bbc news. our top story: beijing has issued a direct warning to hong kong, saying it urgently needs to end violence and restore order. young children who rely on voice technology to speak will be able to hear their own accents for the first time as a result
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of work being done in scotland using artificial speech. the company behind it hopes to develop accents from all over the uk giving thousands of youngsters a better chance to express themselves. our scotland correspondent lorna gordon reports. so we'll be doing different activities... 12—year—old lachlan has quadriplegic cerebral palsy. what would you like to learn today? big numbers. he uses technology to communicate. until recently, the voice lachlan used was that of an adult. now it's much closer to those of his friends. how did the old voice make you feel? a bit boring. how does it feel to have a new voice? i feel great. communicating like this takes a lot of work. lachlan uses his eyes to operate the software to choose every single letter or phrase. every word is precious. has it made a difference? yes. i can talk to other people. i think all children, when they're starting high school, really want to fit in and i think
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for lachlan, a different voice just makes him sound like other children. he has done so amazingly, we forget what an awesome journey he's been on, so we are super proud of everything that he's achieved. many thousands of people require communication aids, and while the technology isn't new, the voices available have been limited. this is the first time an accent like this has been constructed for a child. audio file: i'm an artificialvoice. i sound good and exactly like a 12—year—old scottish boy. in the uk we're merged in accents and regionality that accents mean a lot to us. i think you can't separate our voice from our personality. the accent's part of what we are, so being able to communicate, especially when you have communication difficulties with something which helps retain your identity is really important, really crucial. and there are more accents on the way — more opportunities for children to sound like the children they're growing up alongside. what do your friends think of your new voice? they love it. his mum and dad love it, too. he's a very bright, outgoing child.
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he obviously has difficulties but, within the capability that he has through the technology, he's able to shine. i think he's a wonderful guy. and it's technology that could have the power to transform lives. for this family, it's let a little boy's personality burst through. lorna gordon, bbc news. now on bbc news: sport today. hello, i'm chetan pathak. welcome to sport today, we're live from the bbc sport centre. coming up on the programme: england score seven times in their i,000th game as they qualify for the euro 2020 finals. roger's revenge — federer‘s flying
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as he beats novak djokovic to reach the semis of the atp finals in london. and 10 years on from the attack on the sri lankan team bus in lahore, test cricket is returning to pakistan. welcome to the programme. thanks for joining us. we start with football — and four more teams have qualified for next year's european championship finals, and they include england, who'll be hosting the semifinals and the final. harry kane scored a hat—trick as england thrashed montenegro 7—0 at wembley to seal their place in the finals. alex oxlade—chamberlain opened the scoring after only 11 minutes with his first goal for england for two years. marcus rashford and tammy abraham were also among the scorers as england marked their i,000th international with a comprehensive victory.
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