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tv   Asia Business Report  BBC News  January 17, 2017 1:30am-1:46am GMT

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a huge man hunt. 34—year—old abdulkadir masharipov, an uzbek national, was arrested after a police raid at a housing complex in the city. he was reportedly found with his four year—old son. beijing says it will "take the gloves off" and pursue "strong countermeasures" if donald trump continues to provoke it over taiwan. it comes after the us president—elect challenged the one—china policy. and this video is trending on bbc.com: it's time to say a temporary farewell to the iconic billboards at the centre of piccadilly circus in london. the lights have been switched off for renovations and they'll stay off until later this year. that's all from me now. stay with us here on bbc world news. and the top story here in the uk: northern ireland is to hold new elections following the collapse of its power—sharing executive. secretary of state james brokenshire has set the date for march second. now on bbc news, all the latest business news live from singapore.
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china's president takes centre stage at the world economic forum. and theresa may is suspected to signal a ha rd theresa may is suspected to signal a hard brexit in a speech later today. welcome to asia business report. china's president is expected to urge for more inclusive globalisation as the world economic forum's annual meeting kicks off in switzerland. xijinping forum's annual meeting kicks off in switzerland. xi jinping will be the first president to attend the summit from his country and this year's gathering in the alpine resort of davos focuses on how leaders should
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respond to growing populism and protectionism. tanya beckett has more. there is a chill wind in davos this year and there is a chill wind in davos this yearandi there is a chill wind in davos this yearand i am there is a chill wind in davos this year and i am notjust talking about extremely low temperatures and piles of snow. the political backdrop is also pretty unforgiving. top names from the worlds of business and politics are meeting here to cut deals at a time when a backlash against globalisation and elitism is only gathering pace. the forum's founder says social inequality will not be reduced by raising barriers. i hope that all countries will favour "all systems —— open global systems, but i think we will have as a whole, as a world, as a whole, we will have a big setback if we go
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back to the old times of big walls around our nationstates. and stepping in to champion the around our nationstates. and stepping into champion the pro— trade message this year is chinese president xijinping. traditional protagonist america is keeping l0 profile, allowing the world's second largest economy to take centre stage. a welcome prospect for young trade entrepreneur laila dong. president xijinping's trade entrepreneur laila dong. president xi jinping's coming shows china is willing to take the world leadership role and also working closely with other countries in terms of security, globalisation and providing morejob terms of security, globalisation and providing more job opportunities. and he has a very high profile audience for his message. other top attendees include colombian singer shakira, facebook‘s sheryl sandberg, ali babar‘s shakira, facebook‘s sheryl sandberg, ali ba bar's jack shakira, facebook‘s sheryl sandberg, ali babar‘s jack ma and christine
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lagard. but francois hollande and angela merkel are staying away —— alibaba. but for those who feel they can alibaba. but for those who feel they ca n afford alibaba. but for those who feel they can afford to tear themselves away from domestic troubles, the world economic forum will be awash with ideas and debate as to whether ever freer trade is now a certainty. tanya beckett, bbc news, davos. well, it is a big day for speeches because later today the uk prime minister theresa may is expected to speu minister theresa may is expected to spell out what kind of brexit deal she once and says the uk will not retain partial membership of the eu when it leaves. us president—elect donald trump says his promise to negotiate an early trade deal between america and the uk could strengthen mrs may's can. our political editor reports on what we can expect based on the evidence so far. brexit means brexit. what is that? brexit means brexit. what is that?
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brexit means brexit. and in case you hadn't heard. brexit means brexit. i'd ignore the platitudes, the big decisions have been clear since june. decisions have been clear since june. -- but ignore. there is no mandate for a deal that involves accepting the free movement of people as it is hitherto. unlimited eu immigration won't stay, nor the power of european judges. judges, sitting not in luxembourg, but in courts across the land. without them in charge it means we will be out of the single market. it will talk -- people talk in terms as if we are leaving the eu and we want to keep parts of membership. we are leaving. we are coming out. she has even dressed up to make plain how doing business outside europe will be more and more important. with an enthusiastic offer now from stateside of doing a deal at speed. it is very good news the united states of america wants to do a good free—trade deal with us and wants to do it very fast and it is great to
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hear that from the president—elect donald trump. spreading good cheer for brexit backers. we will have the european court of justice for brexit backers. we will have the european court ofjustice no longer overruling our laws and we will be out of the single market so we can control our borders and probably outside the customs union so we can negotiate our own trade deals with the rest of the world. this is the most crucial set of choices any prime minister has made four years. and although the fundamentals were clear before she moved in, their has been precious little detail in public. theresa may's opponents fear she will disappoint because she is juggfing she will disappoint because she is juggling her party as well as the public. partly because she has had to overcompensate as a former remainer to prefer soft to her own party, partly because she has no mandate, she hasn't been elected by anybody, so she is not in a strong position, but partly because she has chosen really only to listen to her 50% of people who voted for brexit and not be almost half of the remaining part of the voting public
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who voted for a different future. theresa may will tell us and then the other european countries more about her decisions that will shape britain for decades to come. her political hope, she and the country are not on their way to isolation. laura kuenssberg looking to the key speech, and worries about the hard brexit pushing the pound to the lowest since the flash crash in october last year and today in asian trade it is back above the 120 level. in other news: the owner of oakleigh and rayban has signed a $49 billion deal to create the biggest company in eyewear —— oakley. they are combining ina in eyewear —— oakley. they are combining in a merger that is one of the largest ever in europe, coming after four years the largest ever in europe, coming after four yea rs of the largest ever in europe, coming after four years of talks. rolls—royce is paying more than $800 million to settle bribery probe is in the uk, us and brazilian authorities, the group is accused of
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paying to win contracts in indonesia, china, brazil and paying to win contracts in indonesia, china, braziland other markets, and they have announced that the four—year profits will be better than expected despite wea kness better than expected despite weakness in the marine business. now, a south korean court will decide on wednesday whether the head of samsung should be arrested on bribery charges in the latest twist ina bribery charges in the latest twist in a corruption scandal that has engulfed the president of south korea. the family run conglomerates known as trebles were typically considered untouchables but is it now changing? a question i asked. considered untouchables but is it now changing? a question i askedm isa now changing? a question i askedm is a big shock and impact to the korean economy and it may be shocking, especially samsung is known for the global brand, essentially a very world—class company, so, you know, in the past,
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many chaebol chairman, like hyundai, oi’ many chaebol chairman, like hyundai, or sk group, it was shocking with samsung. it is not the first time we have seen chaebols in broad in this kind of scandal but we know, as you say, they are incredibly influential, these chaebols, just how much of the south korean economy do they control? well, it depends on how you measure that, but if you just compare it the sales —— compare the sales for samsung compare to gdp, it is 70%, so you can see how important the chaebols are to the korean economy, hyundai control shipbuilding and the automotive businesses, and sk control mobile phone and also the chemical businesses. incredibly influential, as you say, but in light of this scandal do you think these chaebols will now be forced to change how
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they do their business?” will now be forced to change how they do their business? i think so, because it will be a tremendous impact to them in terms of improving the corporate governance practices. the major weaknesses of chaebols is the success in issue, so in korea, you know, the chaebols are an independent company that is controlled partly by the family shareholding, but the family shareholding, but the family shareholding is fairly little compare to the shareholding, like maintaining the control, but in korea there is 50% inheritence tax, so korea there is 50% inheritence tax, so if you have to pay 50% tax, and a chaebol family cannot maintain control for the next generation, so it is why they are cutting corners and pushing to the limit, so after the scandal i think chaebols families should be careful and will be more careful. all right. in how to work with minority shareholders
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not at the expense of the business. a quick look at the markets, because they are almost lower, with the nikkei making losses, and exporters have been sold off with investors ploughing into the japanese yen as a safe haven after the pound was sold off so much on monday, and of course there is a lot of caution ahead of there is a lot of caution ahead of the key speech from the uk prime minister theresa may later today. that is it for this edition of asia business report. thanks for watching. the top stories this hour: the main suspect in the istanbul nightclub attack at new year in which 39 people died has been captured. chinese state media has said beijing will "take the gloves off" and pursue "strong countermeasures" if donald trump continues to provoke it over taiwan. nhs doctors in england are warning that some patients face dangerous delays getting specialist treatment through their gps.
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the british medical association says referral management centres create barriers and take decisions away from gps. but supporters of the system say it's a good way to manage scarce resources. our health editor hugh pym has more details. if a gp refers you for a hospital checkup or treatment you might think it would happen automatically but in some areas the decision has to be vetted by another organisation, sometimes a private company and that's the subject of a growing controversy. tracy used to find everyday household chores a nightmare come in constant pain because of her varicose veins. i was in so much pain with my leg 24 hours a day. i wasn't sleeping properly, i was struggling to get through my work. her gp recommended an operation on the nhs but this was barred by the referrals centre so she had to get it done privately. if a gp feels that a specialist needs to look at you then the nhs should be supporting that and they're not. research by the bbc has revealed
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an increase in the use of these centres in england. there are about 13.5 million referrals for treatment by gps every year. last year about two million were screened by referral management centres. more than 84,000 were rejected for clinical reasons, or because of clerical errors. really it is a form of rationing. that's not to say that we don't need to perhaps rationing within the nhs but i would rather it was done explicitly and that the public were involved rather than every purchasing authority making its own individual decisions and sometimes using private companies to do that. the logic of the system is that at a time of rising patient demand and stretched resources local health commissioners have a mechanism for scrutinising decisions which could lead to expensive hospital treatment. but they acknowledge that once you've taken on board the cost of the centres there's no way yet of assessing whether they do provide value for money. some local health bodies are limiting certain types
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of careful stop the referral centres are reinforcing those decisions. we don't want to squander any money, we have limited resources, so it's really important resources we have we spend most effectively and get the best value our population. time now for all the sports news in sport today. hello, this is sport today, live from the bbc sport centre. coming up on this programme: seventh heaven. novak djokovic is ready to go for another australian open. the action is under way in melbourne. pliskova is through in
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underan melbourne. pliskova is through in under an hour. and the cubs have a new fan. maybe they will offer him a job. the world number two, maybe, but he is very much the favourite in melbourne. novak djokovic begins the defence of his australian open title on day two. he will play spain's fernando verdasco in the rod laver arena. a tough opening assignment — djokovic had to save five match points against verdasco in a tournament in doha recently. djokovic has been busy in the run—up to the tournament at promotional events, but he says he is determined to kick—start 2017 with a record seventh title in melbourne. the question everyone has been asking him is whether he will reclaim his world number one ranking. asa as a consequence of the results,

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