mariko 0i, good to talk to you.ready the home of the world's tallest building, the burj khalifa. now developers have begun construction on an even taller tower. it's part of an ambitious project that comes despite a slump in real estate values in the emirate. jeremy howell went to find out why they are so confident. soaring to a height of 828 metres, is to buy‘s burj khalifa, the tallest tower in the world. now dubai wants to beat its own record, with the creek other tower. it will be 80 metres taller than a burj khalifa with observation decks and banqueting halls at the top. property developers are building it at the lower end of dubai creek, an area of quiet beauty. here the company is also planning to build, the next 20 years, a high—rise residential area, large enough to house a70 class and people —— a07 2000 people. the first apartment blocks are being built. they are coming on the market during uncertain times. property prices in to buy have fallen by about 35% in the past two years. that raises a question, wh

let's get more from our asia business hub with mariko 0i. welcome. what is going on here?arket reaching ten years. yes, that is right, that is in hong kong. the rest of the region, they are mostly trading higher as well will stop basically ignoring the fall that we saw in wall street on the final trading day 2000 and ten, and investors focusing on the us tax reform that is set to benefit big corporations. —— 2017. as you mentioned, hong kong is by far the biggest performer. this is the sixth day ina biggest performer. this is the sixth day in a row that shares are rallying and well above that psychologically important 30,000 mark and also, china is doing well thanks to strong economic data, but speaking of china, i also wanted to mention the are reports that china is edging closer to opening a domestic market to trade oil futures contracts and that means chinese buyers will be able to lock in oil prices and pay in local currency. it is not the first time that plan has surfaced but it is basically beijing's effort to try and challenge the us dollar's dominance in the world

joining us now for more is my colleague mariko 0i, and the big question is, they are talking about sportst what about business. —— business? will this dialogue give more business relations between the two countries? it is quite possible. the north korean economy, guess what, is struggling. it has been affected by the sanctions imposed after its latest nuclear tests by the united states and the international community. some analysts have called it one of the very few successes of president trump. north korea needs that cash to keep its elite happy with luxury goods, but also to keep funding its nuclear programme. tourism has always been the biggest moneyspinner but that has fallen off the cliff after the death of a us national in north korea. 0ne the cliff after the death of a us national in north korea. one way that they can make money is by reopening thejoint that they can make money is by reopening the joint north and south korean caisson industrial complex. —— kaesong. that was launched back in 2004, and was seen as a major symbol of cooperation between the two sides. the factory park

mariko 0i is at the singapore 0pen on the island of sentosa.or the singapore 0pen which is sponsored by it as nbc, a bank that has announced it as nbc, a bank that has announced it is going to extend its sponsorship for another three years. great news for the organisers, the s m bc. the tournament used to be sponsored by barclays but when they pulled out in 2012 the tournament couldn't find a sponsor straightaways at the event was put on hold for several years. but even though the extension of sponsorship is good news, the prize money is down to $1 million. which is of course a lot of money to you and me but not for the golf industry. it used to be $6 million with barclays so companies have been under a lot of pressure, whether it is a wise idea to keep sponsoring sporting events. this comes at a time when a number of golfers has been falling around the world. the decline in asia is not as sharp as in asia or the uk but it seems as if millennial is simply not picking up the sport, partly apparently because they can't be on partly apparently bec