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tv   Asia Business Report  BBC News  February 23, 2017 1:30am-1:45am GMT

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thank you forjoining us. welcome to to a to - a profit. he to. a profit. he hopes enough. to turn. a prefityherheges asia business report. i rico hizon “_“ liljjeefiui‘i’tieee} i55111 — " enough. to turn. a prefityherheges a”? business will pick up to make in singapore. we start off with a that business will pick up to make up that business will pick up to make upfor that business will pick up to make up for the huge initial investment. straight‘s biggest carrier, qantas, posting a 7.5% drop in earnings. it —— bowls. i am up for the huge initial investment. —— bowls. iam ready for is being blamed on increased up for the huge initial investment. —— bowls. i am ready for breakfast. before we go, here is a quick look at the markets, and asian stocks are competition, on long haul routes and pulling back from 19 months highs in falling internationalfares. it is early thursday trading on fears that not the only airline that has been hit hard. profits at airasia x were interest rates in the us might rise sooner interest rates in the us might rise sooner rather than later. thank you plunging 80% compare two year ago for investing your time with us. time now for the sports news in levels. i spoke to alice taylor at sport today. you're watching bbc like global together next permission for the qantas results. the numbers news. our top stories a sour. really demonstrate what we are —— our top stories this hour: hearing about another weakness in the domestic stratton market. on an underlying any basis, qantas domestic was down. we are seeing a lot of effect on the international astronomers discover seven new planets orbiting a distant star market. —— australian market. but — they say three of them could support life. the trump administration has revoked jetstar did well, and that was protection for transgender students committed to a strong domestic performance, as well as improvements
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— introduced last year in profitability at the operations under president obama. in asia. 50 what must they do in a serious case review into the murder of an 18 month old girl has concluded in profitability at the operations that she became "almost invisible in asia. so what must they do in the medium to long—term to be to improve to professionals" after she was taken into the care of the woman profitability and be more consistent who later killed her. with their earnings? they have keegan downer was murdered by 34—year—old kandyce downer in birmingham less than a year started to work on a lot. we are after being appointed as her legal guardian. about two years through a three—year the toddler had over a 150 injuries. translation programme that the the report said if there had been cupboard has been through. they cut greater supervision, out a lot of cost. that has put them keegan downer died in september ona out a lot of cost. that has put them on a much more sustainable footing. i think from here on in, it will be 2015, she had suffered a catalogue down to just cut and goes, and it really depends on consumer of injuries and had sentiment. we see that qantas is 153 scars and bruises. already going into laws and you long kandyce downer, a distant relative, was given custody more routes, and that is tried to of keegan earlier that year. ta ke more routes, and that is tried to take them away from that competitive last may, she was convicted market. they will be challenging, of the toddler's murder. today, a serious case review but if it works, it will work well concluded that keegan's death could not have been predicted, for them. air ajax saw its earnings but it said she had been invisible to professionals plunge 80%. should they rethink after being placed in downer‘s care, that insufficient discussion had their long haul strategy?” taken place between involved plunge 80%. should they rethink their long haul strategy? i do think agencies and that there was too much any to look about. fuel prices have focus on kandyce downer‘s wants rather than the child's needs. risen. i think that has driven this fall in profitability. with a talk an ofsted report released last year,
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about it retains a longer routes, i said children's services think that is good to be a real in birmingham were still failing to protect vulnerable children. challenge of fuel keeps on going up. they had been rated inadequate and april need to rethink that and think more about the media more since 2008 and have had 28 routes. despite the drop in earnings, the share price of qantas serious case reviews in sydney trade was up by 4.8%. the over the last decade. can you, genuinely, put your hand us central bank has released minutes on your heart and say that children from its latest meeting at the end in your care are safe? of january. it suggests an interest rate hike is just of january. it suggests an interest rate hike isjust right around of january. it suggests an interest rate hike is just right around the corner. we get an escalation from so we have still got an inadequate rating for safeguarding, so they're not safe enough. they're getting safer, michelle fleury. the two were so we're making the system stronger, but we've got some way to go. jump michelle fleury. the two were so jump out were fairly soon. that does we want to be outstanding. not explain what it means. after the last year, the bbc highlighted concerns around some special guardians not being vetted properly. minutes came out, you saw a slight dip. that is because some read it as today's report said kandyce downer‘s assessment had been a rate hike as soon as caveat march. flawed and incomplete. but when people more thoroughly read vetting is absolutely key. the minutes, there seem to be a we need to be absolutely certain that the person who's applying to be a special guardian is suitable, consistent forming amongst that they're going to make economists that it was probably more an appropriate guardian for that likely to happen injune. child and of course, economists that it was probably more likely to happen in june. michelle crucially, a safe guardian for that child as well.
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fleu ry likely to happen in june. michelle fleury in new york. in other news:, the council says, as a result of cases like this one, the first major credit system and it has made the vetting has taken effect for trade process more robust, but downer‘s assessment has been label today facilitation that will cut cost by as "superficial" and has cost an 18—month—old her life. sima kotecha, bbc news, birmingham. 40% and boost cross—border trade by time now for all the sports $1 trillion. this deal was negotiated back in 2013, and a majority of countries have ratified the agreement, including the united news in sport today. states. nissan motor was a boss is stepping down as chief executive of hello, this is sport today the carmaker. the man who shares the top role with him takes over on the first of april. the reshuffle comes with me chris mitchell. as the head focus on mitsubishi october last ear. mm october last ear. mm octobe its investors ha- - it takeover bid coming up from the bbc sport centre: sevilla's sweet form continues after it predicted a takeover bid from pfaff hines. the consumer goods firm plans to take out a in the champions league. comprehensive review and it
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manchester united make the 16 mainstreaming its organisation. some in the europa league. but real madrid are undone in spain and their grip on the league looks think that will include ’ - fj , q, ff j;;' s a little weak. mainstreaming its organisation. some think that will include ’ - off ,,i, if j;;' s including the brand its businesses, including the brand flora. frequent morgan is at the english champions have been loggerheads with indonesia. the gunmen wants to change the current humbled at home in the fa cup contract for the world ‘s largest but in europe, they live in hope. copper mine, part of regulations on foreign ownership and revenue. the leicester scored a crucial away goal gridlock has already brought in their champions league tie production to a standstill as on wednesday, it finished sevilla freeport refuses to x that the two — leicester one in spain. changes. —— accept. juventus eventually broke down porto in their tie which they won 2—0. porto did well to hold freeport refuses to x that the changes. -- accept. indonesian law on they were down to 10 men and international law provided the after alex telles was sent off contract like that for freeport in the 27th minute after two fouls in quick succesion. being unable to be changed or changed unilaterally by either party. the miner is now threatening action to seek damages. the indonesian government is really pushing them, as you said, to try
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and takea pushing them, as you said, to try and take a more flexible mining permit as part of this whole push to try and get more processing of minerals done and indonesia, rather than the exporting of more raw minerals. so they really want freeport to build smelters here. they also basically want more royalties to come back to jakarta, and they also want to digest their shares further in the coming years. and these are things that freeport said not in the contract they are currently under. they said the currently under. they said the current 30 year contract is a document that cannot be broken. and production is now at a standstill. this threatens global copper supply. what is freeport saying? what are they planning to do next? they are saying that there is a period of 120 days negotiation, and that is what they are really focusing on. but at they are really focusing on. but at the same time, they are threatening to ta ke the same time, they are threatening to take this to arbitration. they have also said that they have had to
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lay off 10% of their foreign workforce already on friday, and they say that they may need to let go of other contract workers, because only half of the 30,000 workers that are employed by freeport are permanent. they are saying that this is not a negotiation tactic, this isjust what they need to do to keep the business afloat. at bisley, that will put a lot of pressure on the indonesian government to come to the negotiating table. if this goes to arbitration, indonesia will go to arbitration, indonesia will go to arbitration, but this whole dilemma could turn foreign investors that wa nt to could turn foreign investors that want to put more money into the country? that is what observers are saying. they are saying this is showing that the indonesian government is not consistent in the way they it enforces its laws in mining, and they are saying that this shows that indonesia's contracts that its size with companies are not held to account,
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because as freeport is arguing, this contract they signed his standing. the indonesian gunmen says is about getting revenue to the indonesian people. survey restaurant quality meals out of the back of a lorry? food drops are a phenomenon that started in los angeles and has spread across the world. —— serving restau ra nt spread across the world. —— serving restaurant quality. they are now in hong kong. as rates are so high, many conventional restaurants struggled to stay in business. we get this report. the arrival of two trucks here in hong kong has sparked plenty of interest. but this is a city where rents for regular restaurants are skyhigh. so i have come to find out if this is a viable way of starting your food business. 16th if this is a viable way of starting yourfood business. 16th two if this is a viable way of starting your food business. 16th two trucks parked around tourist attractions in hong kong. this dumpling truck is
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pa rt hong kong. this dumpling truck is part of a pilot scheme launched by the government. the owner already owns a sitdown dumping house, but wa nted owns a sitdown dumping house, but wanted to try this investment. translation: when i was a child, there were a lot of streetwalkers. i like the food, and i miss the atmosphere. after getting the licence, though, he realised the upfront costs were 50% higher than expected. translation: the total was more than 100,000 us dollars. we thought it was very expensive. the higher cost me is that he needs to sell his dumplings at $5 a bowl, a lot higher than at the restaurant. he needs to sell 250 balls just to break even. —— the high cost means. translation: it is delicious but expensive. translation: i think the prices to restaurants. most of the trucks are run by people who already own a
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restau ra nt. run by people who already own a restaurant. critics say they're just marketing gimmicks aimed at tourists. so the food truck prices do not seem competitive. so i've seen do not seem competitive. so i've seen some do not seem competitive. so i've seen some that a higher priced than local eateries. unless they creating suddenly very unique and different, that other places are not offering, i think it will be difficult to stand up. translation: it is almost 6pm and we have only it
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