this woman is a buyer originally from indonesia. >> japanese food are like, containing alcohol, like also in the product that we didn't expect before like for example chocolate lalt ice cream. so i think it's a problem. >> reporter: company sees good bubusiness turns. they are developing products with more chicken and foods without alcohol. food thahat are approved are labeled with a certificate. soy sauce is not always muslim friendly. alcohol is often'ed to preserve and this company decided not to do that. and it tastes the same as always. the global market for manufacturers could expand to around $10 trillion by 2020. >> translator: we can provide good and safe made in japan products. i think there's a big chance to win more customers. i see a huge potential in the market. >> reporter: the tourism industry is taking notice. >> translator: hotels say they have more muslim guests, and they want to provide more options. >> they study the market, local market first and then see what is needed then they can offer. >> reporter: some companies are also looking to the lucrative export mar

amy: this is benjina, indonesia?> yes, the village of benjina is on one side of a large canal, about 200 meters away is the other part of the island. and that is where the factory was with the fishing travelers, the men. for the first day or two, you're mostly looking across that waterway trying to figure out how we were going to find out what was going on. initially, the first clues came from the side of the village. it turned out, speaking to them, they were servicing mostly burmese fishermen at the brothels and is at dozens, maybe hundreds. that is what we really got a sense, ok, this is a big operation. two or threetil days later when i was able to get in touch with our burmese colleague, also a member of the team, and she embarked on the 30 hour journey by boat, biplane, and arrived on the island -- by plane, and arrived on the island. when those men first saw a burmese compatriot and she told them, we're here to tell your story, they just could not wait to talk. they took tremendous risk. they would chase us do

. >>> a japanese destroyer will navigate the south china sea to take part in a fleet review in indonesia. the maritime self-defense destroyer has a wide deck similar to that of an aircraft carrier. the vessel will pass through the channel between taiwan and the philippines to join the event by indonesia's navy next tuesday. it will be the first japanese ship of its type to sail the sea. it is not part of the freedom navigation system near the artificial waters. >>> a submarine on sunday made a training call in the bay in the philippines. it plans to send two destroyers to vietnam soon. >> translator: port calls and goodwill exercises have long been customary in navigating the south china sea. >> admiral takei says they have no plans to join the u.s. operation. >>> south korea's defense ministry says north korea fired three surface to air missiles toward the sea of japan last week, instead of just one, as initially reported. ministry officials had said a short range missile was fired from an eastern province, and landed in the sea of japan. but a spokesperson for the joint chiefs of staff

forests in indonesia are being torched to make way for more oil palms. this hurts species such as the orangutan. if the steady rise in demand for palm oil could be stopped that would be a victory. but there is still a way to go. chris: we have to show that this works on an industrial scale. and that it is cost-effective. we hope this would slow down the growth in palm oil as this comes in to replace it. >> the bath research team has been awarded a grant of 6 million euros to work on this. he will investigate how to turn it few drops into tons of oil. >> now to our global ideas series. we meet people working hard to preserve biodiversity. we're looking at the legendary bird species. he went to costa rica. the aim is to connect nature's arms -- reserves to make the more permeable. >> to rangers from the cloud forest reserve are searching for this bird. it is cool in the forest. they are almost guaranteed to spot the famous bird. there he is. revered by the aztecs as a deity. these birds are being hit by climate change. the winter was too warm. they can bui

imagine malaysia, philippines, thailand, indonesia -- those numbers fall dramatically.nda: how far can you grow? because as much as great potential out there, there is also a lot of competition. anthony tan: yeah. haslinda: you are the new kid on the block, so to speak. anthony tan: it is david versus goliath. [laughter] that is the only way to really level you are doing. we were very blessed. we started in malaysia where there were all these big taxi companies. they did not like us. so, we had been used to being that really minority, tiny guy fighting. when it came to singapore, we were the number one taxi app. in indonesia, there were huge companies. right? it was a challenging position. that is clear. how to remove from there? in each country it was different. we could aggregate all of the taxis. because all of the companies did not like each other. there was no one massive player. in singapore, there was a big player and many smaller players. a lot of the smaller players come of drivers had no jobs. when you talk about the 30 jobs, they would probably get on average

on thursday, officials at bank indonesia will hold a two day policy meeting. the same day government officials announce their monthly assessment of the japanese economy. every monday we ask special i haves to share their view on the week. in this edition of expert view, we hear from an economist. she's up with of the experts tracking south korea's economy. she believes the bank of korea will cut key interest rates this week. >> it will quite likely to be lower its policy late. since the bank might also at the same time acknowledge the state of the economy is really weak. they are recovering but still it's very weak. and also they might at the same time, the lower projection of this year to lower than 3.4% they expected beforehand. >> the slowdown is putting more pressure on the central bank to ease monetary policy she says. >> last year, the bank lowered interest rate by a quarter in june to the 1.5%. since then, they remain unchanged for nine consecutive months. but then they -- the economy is very fragile due to this sluggishness of the export. the sluggishn

. >>> leonardo dicaprio in a showdown with indonesia. what the country says he did that could get him blacklisted from returns. >>> all her books destroyed in a fire. an author steps up to my name is melissa snyder, i'm a customer relationship manager with pg&e. i've helped customers like plantronics meet their energy efficiency goals. so you save energy and you can save money. energy efficiency and the environment go hand in hand. and i love how pg&e's commitment to the environment helps a community like santa cruz be a better place to live. and being able to pass that along to my family is really important to me. just being together and appreciating what we have right here in santa cruz. see how you can save energy at pge.com. together, we're building a better california. >>> live from the kgo tv broadcast center this is "abc 7 news." >> good evening. i'm matt keller in for eric thomas. police in san leandro are looking for a man shooting at people with a bb gun. they gave us these photos of a man and the car used in the crime. he may

here's one of the posts that indonesia top immigration official commented on yesterday.icaprio complained about the expansion of the palm oil industry pushing orangutans and other species toward the brink of extinction. indonesia said if he keeps posting this, he can be black listed from the country. >> a company that disagree he is with his statement scan file for the ban. >>> the celebrity magazine "hello" apologized to george clooney about fabricating an interview. quotes from the article in which the actor supposedly talked about his marriage were picked up by media outlets across the world. clooney said in a statement he did not give the interview and the quotes are not accurate. "hello" said they bought the interview in good faith from an agency. they have since apologized to clooney and his wife. >>> one of the bay area's most well-known voices is starting an afternoon gig tomorrow on ksfo. ron owens dominated bay area radio for 40 years on kgo radio. he made the announcement of the switch on air thursday morning. owens was inducted into the national radio hall of

tom: tell me about indonesia, or the other indonesia is out there -- indonesias out there.stand they are in opec nation, but they have very interesting oil dynamics. what do they want saudi arabia to do? i'm not sure what they want saudi arabia to do, but you have former opec members who withrejoined opec, as indonesia. they have rejoined, but they're not actually exporting oil. i guess their job is to get in inside, by don't think they have this way as far as policy orientations. in the end, when you look at what has been going on, h producer after dooh relations are in disarray. it will be difficult in june for anything conclusive to come out. tom: on friday, we looked at singapore, the singapore dollar. give us an update on the emerging market tigers of asia? are the tigerish lichen jungle book, or not. simon: i will go with possibly not in the current circumstances. where we are now, there will be . little bit of caution the core story kicks back in here which is what drove the markets. what will the money go to? destined travesty, and all the other things, but it will

here's one of the posts that indonesia top immigration official commented on yesterday.ined about the palm oil industry pushing orangutans and other species toward the brink of extinction. indonesia said if he keeps posting this, he can be black listed from the country. >>> the celebrity magazine "hello" apologized to george clooney about fabricating an interview. in an interview where he supposedly talked about his marriage, he said he did not give the interview and the quotes are not accurate. hello said they bought the interview in good faith from an agency and has since apologized to clooney and his wife. >>> one of the bay area's most well-known voices is starting an afternoon gig tomorrow on ksfo. ronn owens dominated bay area radio for 40 years on kgo radio. he made the announcement of the switch on thursday morning. owens was inducted into the national radio hall of fame in chicago last year. they laid off many staffers at kgo. there will be unannounced programming changes at kgo this week. kgo radio is not affiliated with kgo tv. >> still ahead, after years of w

caught in between are the other 11 opec members such as indonesia. >> and the threat of commodity. so once the price of oil decreases, that means they are declining. >> let's see how the rest of the markets are doing. and street opening down coming back into positive. 6%.500 points at stocks closed higher this monday. many industry sectors were higher. a tough day for energy and technology. they are among the worst performing stocks. let's take a look at some of the other business headlines. the european competition commission accuses google of abusing its dominance. they're looking at the impact of android content. guilty offines google market abuse, it can be a fine of $7 billion or 10% of its revenue. the castle run and 12 parsecs and now the millennium falcon is boosting hasbro. revenue rose thanks to massive interest in star wars merchandise. expects strong sales to continue as the force awakens is to be released on dvd later this year. it's the last day to make an offer for yahoo!. the telecom giant verizon is pegged as the favorite. the sale comes up for yahoo! abandoned pla

do you think investors are coming back to india, indonesia and the philippines and that is all left hert exit we saw a earlier this year. >> exactly. asian developing markets are seeing a return of influx after a heavy january and commodity prices collapsing. has stabilized and commodity prices rebounded and it seems to be slowing down the rate hike and that is why investors are feeling more confident and we are seeing 1.3 billion indonesian sovereign bonds alone, and $450 billion in india. shery: how long will they be confident? what sectors do they like? >> in india they like telecom communication companies. in indonesia, they like developers because cash flow is doing well and margins are fat compared to chinese developers and in the philippines they prefer to utility companies and the conglomerates. shery: is anything morgan stanley likes? >> they have cut china all the fundshe rise in offshore and markets. they prefer the very essentially on instead of the government .wned smes in the private sector companies, they prefer lower yielding companies. shery: they are very cautious. we

one in alaska and russia and indonesia and japan and ecuador. is precisely how many we should have through the first four months of the year with the 15 per year average being considered normal globally speaking. these plates are in motion. the ocean plate that is diving under the south american plate is moving at a rate of 2.5 inches per year, which by the way, is equal to the rate your fingernail grows every year. it gives you an idea how quickly they are moving to one another. once they slip, you get the rebound effect. that is the shaking. that is the 7.0 quake on friday into saturday. when you talk about a 7.8. the aftershocks, you typically have a 6.0 aftershock. a lot of people still on alert across the region. >> pedram javaheri, thank you. >>> oil prices tumbling around the globe. we will get an early start on your money next. >>> breaking news this morning. defense secretary ash carter arrived from baghdad. an unannounced stop on the tour in the middle east and asian pacific. he is there to meet with officials, including the prime mini

alibaba has agreed to take control of indonesia e-commerce operator lazada for $1 billion.ay $500 million in new shares of the company, as well as purchasing stock from existing investors, including the german rocket internet and tesco. it sells goods like clothing and six southeast asian markets, including malaysia and singapore. saleses-benz boosted twice as fast as bmw and first quarter. the luxury unit delivery soared 13% through march compared with a 6% increase of bmws namesake brand, which helps them move closer to clinching the lead in the world's luxury car market for the first time in a decade. tesla is blaming a supplier for a recall that would affect 2700 model x suv's. thirdre repairing the row seat which failed a strength check. that's your bloomberg business flash. francine: thank you so much. largest brokerage company has confirmed it plans to close all of its businesses in europe. they say full details will be explained on april 27. let's find out more from our finance reporter, michael moore, who joins us on the set. we had a great bloomberg exclusive sayi

angie: any reprieve for indonesia and the other central banks in that region?esia is also experiencing falling exports. they do not benefit from week oil prices. some pressures to ease the government policy they are to make a progrowth. moving the seven day repurchase away from interest rates. it is lowered it 75 basis points. angie: they need to fine it a bit. japan trade data is coming out this week. carlos: the japanese yen is strong against the u.s. dollar. i would expect that to come through in the forward exports. what we have been observing from was the year in asia is that exports fall by less than imports and they will continue to increase. not necessarily good news. angie: thank you. there has been a tumble in oil prices. more news after this very short break. thee: newest version of lamborghini supercar has landed a hong kong. more than 600 horsepower. from a standstill to 600 kilometers per hour in fractions of a second. all right. this is so scary. this one here is the lamborghini. there are three modes in the car. street, sport, and race. it is mu

. >> indonesia. >> let me see the indonesia. >> when i was a did a lot of people used to hunt out hereey don't hunt anymore. >> deheight what the round shoulders write about people in their own party, kevin says world trade and wall street have done nothing to improve his life so he looks for something new, however crude and obnoxious. >> i'm probably going to end up voting for trump, you know what i mean? >> how come? >> he's hitting all the right spots, you know? except for sometimes when he screws up. it's not like he rehearses things. we need jobs, we need manufacturing back in the united states. i mean all the jobs are gone. kodak fell apart. i just know from my area. >> kevin doesn't draw a government check, doesn't do drugs and doesn't even keep beer in his fridge. he is a single partner raising a teenaged son graduate high school next year and join the army. >> why do you want to be in the military so badly? >> serve my country. not very much people plan on doing it. >> what do you think of your old man? if he wasn't sitting here, what would you tell me about your dad? >> he's

tensions are wrapping up between indonesia and china. indonesia will deploy f10 fighters.s will be stationed there. china claimed 80% of the south china sea. economists are predicting the ..s. economy british will lose workers. the wage was boosted to the and hour. of $2.35 global news 24 hours a day, powered by 2400 journalists, in more than 150 news bureaus across the world. i'm vonnie quinn. tom: bonnie, thank you so much. 1.1%.les down over to the next green if you would quickly. look at the fix, 13.95. brent crude under 40 of those headlines. francine? francine: this is my board for european stocks. they are not starting a month on a high. worses sentiments, much than expected, although it was probably expected because we had began rising. nymex.to show you brent crude, 39.65. this is going to be one of our things on the back half of this hour. dollar rolling over, but by no means through support. probably the dollar in the global markets waiting. francine, what is your chart this morning? francine: this is the white line. i was looking at the emerging markets. india,

tensions ramping up between indonesia and china.ill deploy fighters to the islands after chinese coast guard vessels clashed with indonesian boats in the area. other forces will be stationed as well. china claims 80% of the south china sea and that puts it in conflict with the southeastern asian neighbors. the obama administration may .ase the ban the associated press says no final decision has been made. a number of lawmakers are unhappy saying as part of blaster's nuclear agreement with iran, the administration promised to maintain a strict ban on dollars. the british economy will lose workers again officiously with the starting of the higher minimum wage. david cameron's government has boosted the minimum wage to the an hour.t of $10.35 some say that will prompt companies to invest in technology instead. daythe news 20 for hours a -- 24 hours a day. i am vonnie quinn. has big: saudi arabia plans to deal with its climbing price of oil, to try in dollar mega pumped -- $2 chile and mega pump. details on how saudi arabia was to invol

many of you may recall the tsunami that occurred in indonesia, thailand and area in the 2005 christmas season. the very first responders to all of that were the united states military. and brought millions and millions of pounds and dollars worth of aid to the region of northern indonesia and thailand and others. you will also recall maybe that that was the hot bed of the revolution with the government in that portion of indonesia. subsequent to that infusion of international aid and development, the rebels agreed to peace talks, not -- without the understanding that this influenced -- this influgs of global good through the use of military and later civilian activities maybe provided the opportunity to negotiate an internal political discussion that could lead to to peace among rebelling parties. i think that when you think about solving a problem in that multidimensional way, it leaves a strong impression. interestingly, relations with cambodia and viet nam considerably warmed after that, and they were observers. they just watched what happened. so the united states is the only natio

phil: previously on "the amazing race" -- six teams raced to bali in indonesia. tyler and korey make new friends. >> ooh! phil: at a grueling road block, rachel struggles to keep up. >> oh, zach! phil: and a second roadblock put brodie and kurt in unfamiliar territory. >> i tied them wrong. >> this is unbelievable. >> it's going to be real close. phil: tile ere and korey ron on -- tyler and korey won the leg. you are team number one! while brodie and kurt narrowly edged out zach and rachel. unfortunately you are the last team to arrive. you have been eliminated from the race. five teams remain. who will be eliminated next? >> the dragon looks like one of tyler's ex-boyfriends.

. >>> indonesia has sent -- >>> the official said if leonardo dicaprio keeps posting incitement -- >> -- says he has launched and landed a reusable rocket for the third time in five months. the rocket took off from west texas late this morning. this is video from a previous landing. some day blue origin hopes to use the rockets to carry passengers for space tourism, with each rocket landing through 100 launches. falcon line landed safely in december. >>> the rangers are trying to keep north bay trails safe. coming up next, the new enforcement starting this month that's angered some of the people that use them most often. >>> a lot of changes to the weather, hot days to more drain. meteorologist drew tuma is up next with the forecast. >>> and coming up in sports, a deal to trade colin kaepernick >>> radar guns are now being used on marin county trails. opponents of the speed limit said it's easy to double that gog downhill. rangers tested the idea over the last year. they issued 64 citations and warnings. [ applause ] >>> cheers for a young man. he not only broke the old record of 80 i

talking about producers in indonesia and malaysia. how do things stick in terms of these markers?> more cutbacks for them. i think indonesia literally a few weeks back i certainly feel a little bit more that the upstream industry is more renationalizing and taking ownership of their oil and gas aspect through national companies not just the national company but other local indonesian companies. but still we're in the context of a tough market with respect to cost cutting. >> we talk a lot about the positive effects of cheap oil. do you think we've reached that point where that is about to be really drug down by the negative effects of the declining investments? >> no, a good question. i think we're seeing less of the consumer benefit. if i take china as a good example, they're forecasting chinese growth around 200,000 barrels a day this year just over 600 last year. the government effectively below 40 bucks fixed gasoline and diesel prices so you don't expect the same consumer uptick you saw this time last year. indeed the first data i saw essentially china didn't grow at all. so

reynold: the united states, it has been more mature than indonesia.ve a southeast asian market. we expect to grow the system further. that is why our -- we like to work within the current financial system. in terms of the landscape itself, there are still lots of markets that we can work in the financial system. alix: to what extent do you see yourself as a service disrupting traditional banking or creating a totally new market entirely? reynold: i believe it is more like creating a new market. we are the missing middle. [indiscernible] it has been proven that it is profitable and safe. it is an e-commerce platform. we believe we can serve this market quite well. we can still grow the portfolio. states, in the united the u.s. treasury is looking to online lenders. there are lots of companies and tell us about the due diligence about dealing with regulators? reynold: we are very close to the regulators. we already launched a new platform that can generate corporate outlook. andhe filing of indonesia they see this as something that is required for the c

here's one of the posts that indonesia top immigration official commented on yesterday. dea cap pro complained about the palm oil industry pushing orangutans and other species toward the brink of extinction. indonesia said if he keeps posting this, he can be black listed from the country. >>> the celebrity magazine "hello" apologizeed for clooney about fabricating an interview. clooney said he did not give the interview and the quotes are not accurate. hello said they ball the interview in good faith from an agency and has since apologized to clooney and his wife. >>> one of the bay area's most well-known voices is starting an afternoon gig tomorrow on ksfo. ronn owens dominated bay area radio for 40 years on kgo radio. he made the announcement of the switch on thursday morning. he was inducted into the national radio hall of fame in chicago last year. consume laws laid off many staffers at kgo news. the unannounced programming changes at kgo this week. kgo radio is not affiliateed with kgo tv of a years of waiting, the virtual reality headset is is finally here e with w

, unions think the afl-cio is really concerned about children in indonesia more than its concerned about its dues paying members? the reason it's concerned about that is because it wants to eliminate competition for its dues paying members, whether it is -- besides that, i've had a lot of manual labor jobs in my time and i have sweated in every single one of them. what's wrong with sweat, anyway and being a shop is not bad. sweatshop language was always confusing to me. the reason why capitalism reduced or eliminated child labor is that as productivity more,people were paid therefore they can afford to keep the kids home and send them to school. previously, they couldn't because it was literally a matter of life and death in many cases in the early days of capitalism children had to work to help feed their family. in a lothe case today of third world countries where the alternative is to kick these young people out of their jobs at the nike factory. the operatives are prostitution, begging or starvation. the alternative is not going back to a nice public school. those are some of the thi

. >> indonesia has threatened to ban le leo leo that ar leo that are dodie cap preio. >> the magazine hello has apologized for george clooney for publishing an article that clooney said was fabricated. he said he has not done any of the interviews with the magazine and none of the quotes were accurate. it has since apologized to mr. clooney and his wife. >>> now georgia's economy may be struggling, but it's fashion industry is thriving. >> this is tbilisi fashion week. one of two fashion week compet competing for homegrown designers. a sign of a healthy sector. >> that this means that it is developing. tbilisi is the fashion sector of the georgia world. this is a celebration of georgia fashion. some of it is internationally recognized. but it is not the cat walk that is keeping it alive. take a troll through tbilisi streets and it's easy to find georgian girls wearing georgian fashions. it's a small town so designers and buyers enjoy a close relationship. >> we really think in the same way. we create something that they like. they like that we create. because i think georgians have on

laos the current chair as well as indonesia and vietnam. leaders of chad as well as bangladesh, sri lanka and papua new guinea are on the list. the summit will focus on challenges facing the asia pacific region and the theme will be developments. a japanese high court has dismissed request to suspend operations at two nuclear reactors. residents in southwest japan made the application over safety concerns. a branch of the fukuoka high court handed down its decision on wednesday. a citizens group sought an injunction to halt the reactors of the sendai plant in kagoshima prefecture. a district court turned down their petition last year prompting them to file an appeal. the residents argue the plant operate orhas under estimated the maximum strength of a possibitionsible seismic jolt. the regulator said the reactor meets the requirements. the residents voiced their disappointments. >> it reflected what experts at nuclear deregulation authority said. it's just a rehashing of the lower courts decision. >> officials with plant operator kyushu pre

in indonesia, in gamelan music, you have a kind of harmony because you have notes that are tuned together that are being sounded simultaneously. [ensemble plays gamelan music] in zimbabwean mbira music, there is a kind of harmony, although africans don't have words for chord and don't have a word for harmony. ♪ i wonder where you are, my darling. ♪ in a general sense, harmony means being in agreement. you can say that some people are working in harmony. they're working in agreement with each other toward a common goal. in music, it's similar. musical notes-- musical pitches can be in agreement with each other. ♪ ...my heart. what constitutes agreement is the key question. in eastern europe, there are some sounds that they think are in agreement that most people who are not from eastern europe will think are very, very much in disagreement in the style of music called ganga. [singing ganga music] [shrill yell] in gangan music, they sound notes at the same time that are very, very close together. and in bosnia, that sound is of the essence of music. what constitutes being in agreement or be

. >> the oscar winning actor could be banned from indonesia because of remarks made on environmental issues. they visit the some art ra posting posters on social media, expressing concern on plantations and rainforest. a spokesman says they risk being blacklisted. and you want to find out more, go to the website. aljazeera.com. >> in the immediate aftermath of 9/11, we did some things that were wrong. we did a whole lot of things at a were right, buthat were rightd some folks. >> it's been more than a year since america admitted to torturing people. we're trying to interview one of them. omar

. >>> indonesia threatened to ban actor leonardo di caprio after he expressed concerns about animals. here's a post that a top immigration official comment on. di caprio complained about the expansion of payment oil industry pushing orangutans toward extinction. di caprio could be blacklisted. >>> the amazon founder says he has successfully launched and relanded a reusable rocket for the first time in five months. the rocket took off from west texas this morning. this is video from a previous landing. they hope to use the rocket to carry passengers for space tourist and each rocket lasting through 100 launches. space ex is working on a similar project, although the falcon 9 goes farther and faster, reaching orbit. falcon 9 landed safely on the ground in november but has failed to citily land a reusable rocket on a platform. >>> a fight to save two trees in san francisco. the rec and parks department majored them for removal because they're in danger of falling down. neighbors behind an online campaign believe they're being moved to make way for more development. >>> rangers are trying

. >>> indonesia threatened to ban actor leonardo di caprio after he expressed concerns about animals. here's a post that a top immigration official comment on. di caprio complained about the expansion of payment oil industry pushing orangutans toward extinction. di caprio cou be blacklisted. >>> the amazon founder says he has successfully launched and relanded a reusable rocket for the first time in five months. the rocket took off from west texas this morning. this is video from a previous landing. they hope to use the rocket to carry passengers for space tourist and each rocket lasting through 100 launches. space ex is working on a similar project, although the falcon 9 goes farther and faster, reaching orbit. falcon 9 landed safely on the ground in november but has failed to citily land a reusable rocket on a platform. >>> a fight to save two trees in san francisco. the rec and parks department majored them for removal because they're in danger of falling down. neighbors behind an online campaign believe they're being moved to make way for more development. >>> rangers are trying t

indonesia declining and markets in sydney closed due to the holiday.apanese companies are collaborating with various industries to develop self-driving technology and improve their competitive edge. soft bank and a venture company aim to start selling a system for buses in 2018. softbank executives set up a new company called sb drive this month the. they are aimed at tokyo-based advanced smart technology. the officials at sbdrive aim to work with municipalities aiming to work with places with shortages of bus drivers. they're also considering freight truck operators as potential customers. >> translator: we want to start unlimited routes in regional cities and areas with low population >> other companies have it it includes google in the u.s. >>> here is a look at the other business stories we're following. >>> mitsubishi has lowered the projection for net profit in fiscal 2015 to about $590 million. it's more than $200 million. the companies executives say they incured losses from the delayed delivery of a large cruise ship. they say design changes w

indonesia was down meanwhile by .4 of 1%. china's growth is a major concern for investors around the world and next week we'll get the nation's gdp data for the first quarter of the year. last year growth slowed to a 25 year low. leaders set a target in the range of 6.5% to 7% down from last year's goal around 7%. government officials have promised to press ahead with structural reforms. we spoke with an analyst on china. he started off by giving us predictions for gdp figures in the first quarter. >> the easing measures are starting through the system. >> i want to ask you to shore up growth more supply side would be needed like cutting over kp capacity i in the steel and coa industry. how quickly will it be implemented? >> in beijing's policies mind, stability is the number one policy option, so we should not expect to see very aggressive structural reform programs out of china. in beijing's framework the struggle reform works within the system to stream line the system to improve corporate efficiency at the same time not t

they will is deep in the presence in its core markets of singapore, malaysia, indonesia and china.ee former knick more of traders have been accused in the u.s. of increasing the spread on their traits and generating about $7 million in additional revenue by lying about how much they paid for dad. pleaded not guilty and are scheduled to go to trial in october. mcdonald's chairman entering canada is to retire -- andrew mckenna is to retire. it will end one of the longest 10 years in the fast food industry. joined the board in 1991, mcdonald's had just opened its first store in moscow. it has since grown to more than 100 countries. that is your bloomberg business flash. manus: foreign-exchange reserve data from china. economists expect the figures to show that the pace of decline slowed last month. pboc to stemthe the capital outflows. for bonds and fx, our editor joins us now. we are all waiting on these numbers. i think what the market probably wants to see is some kind of a flaw being created. >> i think the flaws that the market is looking at is not something that will come about

indonesia lower. sydney's declining by .3%. here is a look at some of the other business stories we're looking at. >>> saudi arabia has announced it's going to reduce reliance on oil profits by 2030. this comes after the country's economy was hit hard by lower crude oil prices. state media report the plan includes raising funds through the sale of less than 5% of state-owned oil giant saudi aramco in initial public offering. travel industry experts from around the world gathered in dubai to attend the largest tourism show in the mild east. tourists can savor culture and go on a ski trip on the same tour. >>> that's it for business news. james, back to you. >>> crunching the numbers for us from our business desk was gene otani. thanks, gene. >>> you're watching nhk "newsline". >>> islamist militants in the philippines have killed a canadian man they've been holding hostage. john ridsdel was one of four hostages. abu sayyaf militants took them in september from a marina in the city of davao. the grouped demanded more than $6 mill

indonesia falling by 1.25%. shares in sydney off by 0.1%, pulled down by financials. a sharp rebound in oil prices supported energy shares. here is a look at some of the other business stories we're following today. >>> the bank of japan's quarterly survey shows more people are worrying about the economy, about 2,000 respondents compared its current state to a year ago. the index dropped 5 points to minus 22.5. financial regulators in japan are concerned about the expansion of high-speed trading by hedge fund managers. some managers warn that it contributed to sharp fluctuations in share prices. officials at the financial services agencies say they will have a panel of experts evaluate the effects of the trading starting this month. they'll also assess the impact of system failures. >>> let's look at the global economic calendar for the week. on tuesday indian officials post the consumer price index for march, relatively mild inflation provided room for last week's rate cut by the central bank. the next day the bank of japan released the producer price index for march

indonesia up by .9 of 1%. investors shared news government plans to cut government tax rates. shares in sidney climbing .9 of 1%. resource related shares were hire as iron ore prices rose. >>> executives at japan's biggest brokerage said volatile financial markets has forced them to make tough decisions. they say they plan to cutback on operations at their u.s. and european branches. officials at the firm say nothing is firm but up to 1,000 jobs could go. there was a big push overseas in 2008 when it acquired some operations of lehman brothers which went under in the global financial crisis but in recent years its overseas arm has been operating at a loss. here are the other business stories we're following. >>> officials in japan and germany are expected to work together on a technology that's going to change the way we live. they are said to be preparing jointly developing standards that would lift physical objects to talk to each other over the internet. experts say the technology will enable all devices to collect and share data drastically boosting productivity and effici

indonesia bucking the trend, .7% for the gains there. its first gain in three sessions. >>> here is a look at some of the other business stories we're following. officials at the world bank believe the price of crude oil will rise higher than earlier predicted. the bank's commodity outlook report upgrades the forecast for 2016 by $4 to an average of $41 per barrel. the report says we can expect to see oil at $50 on average next year. >>> apple posted a drop in revenue for the january to march quarter as sales of the iphone slipped for the first time. company saw total revenue of about $50.6 billion down 13% from a year earlier and is the first fall in sales for the company since 2003. china's economic slowdown played a role along with the saturated smartphone market. >>> five businesses involved in the development of self-driving cars are forming a coalition. the company's are google, ford and volvo along with de-shari service ubernd lyft. the coalition's council says the best path for innovation is a clear set of federal standards. the

i will say that >> i think people saw what happened in indonesia and japan. i think that they realized that we are not immune >>> one other community that is making plans for disaster, the huawett. where history passed from generation to generation, tells of the earth shaking and the giant wave that washed hundreds away >> we're going to build on higher ground. people living down there will have an opportunity to have a house built up here >>> to move away from the danger >> yes >>> he has got it by science and by a story that his grandfather told him more than half a century ago >> this wild old man must have known that this was not the only event. he must have known that there is going to be another event in the future. and i want to prepare my people for it >>> thanks again for joining us on this specialed ignores of-- special edition of america tonight. talk to us or come back and we tonight tomorrow. >> ali velshi, getting to the heart of the matter. >> what if there were no cameras here, would be the best solution? >> this goes to the heart of the argum

indonesia was up. sidney slipping, again lower oil prices dragging down the resource heavy index. >>> employees at big firms are about to get a base pay raise for the third year in a row, but across a much wider cross-section of the work force, the picture is less rosy. on average, staff got smaller winter bonuses than the previous year. labor ministry officials surveyed 33,000 businesses with five or more employees. they found on average bonuses fell 0.3% to a little over $3300. they say one reason for the dip is part-time workers now make up more of the workforce. people in the finance and insurance industries saw their bonuses fall nearly 6%. workers in the transport industry lost more than 7%. thosose in the electricity andns industries had a a better time it. the average bonus increased 4%. in the i.t. sector, bonuses were up more than 5%. >>> here's a look at some of the other business stories we're following today. >>> reserve bank of india policymakers have cut the rate by 25 basis rates to 6.5

man said he risks being black listed as he discredit the palm oil industry and the government of indonesia. guinea plans to vaccinate anybody who came to contact with ebola victim. the result is as a result of research that shows the virus can stay in the body for months. the world health organisation says it is no longer an international health emergency but it expects what it calls flare-ups at a decreasing frequency. in niger the president's second year term has been sworn in. the voter turn out was low and the opposition boycotted the process alleging that the poll was rigged. so mall i can't has some of the most-- somalia has the most experience electricity in the world. people are saying they're being held ransom to companies wishing to make a quick profit. >> reporter: these electricity workers in mogadishu are in a hurry. they are trying to connect more families to the electricity grid. business has never been better. that's because many people are returning to the city because of improving security. the companies which use diesel generators are benefitting from the global low oil