Skip to main content

tv   Asia Business Report  BBC News  April 8, 2019 1:30am-1:46am BST

1:30 am
an ultra low emission zone. drivers of polluting vehicles, from motorbikes to lorries, coming into the centre of the city will have to pay to enter the area. donald trump has announced he's replacing his homeland security secretary, kirstjen nielsen. ms nielsen's departure follows growing anger in the white house at the failure to reduce the number of migrants entering the us illegally across the southern border. and this story is trending on it's the pyongyang marathon, where twice as many foreign visitors took part than in last year's race. the marathon is one of the main tourist draws in north korea. just under 1,000 foreign passport holders ran on sunday, compared with a50 a year ago. that's all for now, stay with bbc news. and the top story in the uk. the prime minister says a "stark choice" led to her brexit talks with labour. theresa may said the alternative
1:31 am
could be no deal or no brexit. now on bbc news, live to singapore for asia business report. nissan set to oust gallen. there due to start a general meeting in houston hour. india's general election. what's at stake as asia's third biggest economy prepares to kick off the world's biggest democratic exercise. —— democratic exercise. good morning, welcome to asia business report, live from singapore with me, mariko 0i. let's begin with nissan, the japanese car maker is due to start an extra ordinary general meeting in just about half an hour. its main purpose is to remove carlos cohen from the
1:32 am
board of directors. he is currently ina board of directors. he is currently in a tokyo jail after being arrested last week over more financial misconduct allegations. he denies any wrongdoing. the man who is expected to replace him is the chairman, but there is resistance from those who think it would give him too much power. they have a complex ownership structure. nissan's biggest is renault with a 43% sta ke, nissan's biggest is renault with a 43% stake, but the french's government is run no‘s biggest shareholder. meanwhile we also have a very beat just shareholder. meanwhile we also have a very beatjust busy week ahead in brussels. 0n a very beatjust busy week ahead in brussels. on tuesday, there is a european union and china summit. the focus is likely to be on trade and investment, but there are also expected to discuss the security of sg expected to discuss the security of 5g networks. the next day, eu leaders are set to hold an emergency bra kes leaders are set to hold an emergency brakes summit. top of the agenda will be the uk's request to extend
1:33 am
the deadline to leave the block —— brexit. but as it currently stands, friday remains the default date for britain to quit the european union. earlier i spoke to market analyst david quote, and ifirst asked about the ongoing issue secular as far as a lot of people are concerned, this isa a lot of people are concerned, this is a very propagated one. because it is a very propagated one. because it is complicated, as increasingly more information comes out, the prosecutors over injapan have more ammunition to charge against him. and i think what we've just seen recently is another example of more information coming out, giving the japanese prosecutors another reason why they are re—arresting him. he's already been arrested and was released on bail, now were actually seeing that there are new charges brought against them which means they have a right to rearrest him again somewhat complicated scenario.
1:34 am
moving onto the china and eu summit taking place this weekend. . who is in charge? when you look at those two, you cannot ignore what is happening in america. america has picked fights with the eu and china. therefore these two economies, the eu and also china, have a good reason why they need to co—operate in order to repel what is going on against america. effectively america has pushed the eu and china together. now if they were to come together. now if they were to come together and have some reasonable deals, then i think it would strengthen their hand against america. effectively, these are two countries that will combine in order to repel the forces of america. as i just mentioned, friday remains the default date for the uk to leave the eu as it stands. do you think the eu
1:35 am
would grant them and other extension? i think so, would grant them and other extension? ithink so, because i think — one of the issues we are seeing in the uk at the moment is that the people in the uk are beginning to change their minds. some people are beginning to change their minds. we must render that three years ago, people were given a very simple vote to leave europe. but nobody actually defined what leaving europe meant. therefore three years later, people say this is not what they voted for. consequently i think the eu is trying to push the uk in the direction of another referendum, saying you have more information, what do you think now? is this really what you want? and i think they will grant them an extension, but whether or not it will actually result in anything is a different matter altogether. britain was a short extension, europe wants to give them a whole year to decide. —— britain wants a short extension. i think they will take another year to
1:36 am
have another referendum. let's you up—to—date with other business news making headlines this morning. a top cyber security official says hallway‘s shoddy practises" mean its equipment could be banned from westminster and other parts of the uk. doctor ian levy told abc panorama that while they also faced being barred from what he described as the brains of the 5g networks. the uk government is expected to rebuild next month on whether they will ban the company's 5g technology. while they said it would can best address the concerns. the chairman of china's... korean air said he died of a chronic disease while staying in los angeles. turning our attention to india, asia's third—biggest economy is preparing to start weeks of voting as its general election gets under
1:37 am
way on thursday. monica miller looks at what's at stake in the world's biggest democratic exercise. india's election has its work cut out for it. how do you get 900 million eligible voters to the ballot box and do it in seven phases? the first one begins this thursday. what are theissues one begins this thursday. what are the issues on voter's minds? a lot of them have to do with the economy. for one, job creation is important to voters. india's on rate is at the highest it's been since the early 19705, highest it's been since the early 1970s, and the rolling bjp party has failed to add any more —— anywhere near enoughjobs. produce, infrastructure and systems to support them, and in some cases waive loans which have become death traps. during its time in office, the bjp delivered some big bang economic policy is like the overhaul of the goods and services tax. and the surprise band of large currency notes that shook up small and
1:38 am
medium—size businesses. and even though they've had their fair share of problems, many voters praised the government for implementing what they say are daring policies. the opposition congress party also says it has a lot of good ideas, including the creation of 2.2 million jobs, including the creation of 2.2 millionjobs, universal including the creation of 2.2 million jobs, universal basic income, and universal health care just to name a few. with such a huge population, in such a diverse country, it's bound to be a close race. monica miller in delhi. no generation z, people born after the mid—i9 90s, like their products to be sustainable. and they have been known as the stay—at—home generation. that's according to recent report called a generation without borders, which compares them without borders, which compares them with millennialist, generation x, and baby boomers. nine countries we re and baby boomers. nine countries were surveyed with a focus on china, where 13% of were surveyed with a focus on china, where13% of spending is accounted by generation z. for comparison in
1:39 am
the uk and us, that figure isjust 396, the uk and us, that figure isjust 3%, the research also found that by 2020, generation z will make up 40% of all of china's consumers. is them how to reach young asian consumers. there is another stab that 60% of the world's youth will be asian in the world's youth will be asian in the future. new things or new devices happen first there, and for the world's brands, the asian consumer is probably the most important in the world. therefore brands are prepared to work extra ha rd to brands are prepared to work extra hard to convince people to adopt their brand. as somebody who's obviously in this field, what would you advise a brand to do that is reaching out to specifically a kergg reaching out to specifically a kellogg chinese consumer? first of all, be true to yourself. be authentic. when i was a brand manager, brands chose what to say to people. they could choose whether
1:40 am
they believed you or not, the brands chose whether in the public domain. everything can be found out in a couple of clicks. be transparent, authentic, true to yourself, respect the traditions you have in your brand, but also garner insights about how your brand can then start to be more relatable and informed, more relaxed. that's what the younger generation of chinese consumers looking for. know you're also having to appeal to very different platform from what was the case many yea rs different platform from what was the case many years ago. you had a couple of tv channels where you put your ads, now you have digital platforms, social media. so how tough is it to actually market your product on all these different platforms? it's different, when i was a brand manager, i produced a few assets a year. now people produce a dozen assets for every single day, everything from instagram to the e—commerce channel, the physical store. you need a
1:41 am
system, and we call that a brand identity system, it's what our business does. so people understand how their brand can show up in all these myriad of different channels, and still build a coherent brand. let's show you the markets before we go. japan's nikkei has opened higher, but thanks to strong us jump data that came out on friday for the month of march which pushed up wall street. investors a re month of march which pushed up wall street. investors are also hopeful that china may soon announce a more stimulus after a document published on the central government's website is showing those steps. that's this edition of asia business report, thanks for watching. this is bbc news, our top story. london has become the first city in the world to charge drivers for polluting vehicles using its road. the prime minister travels to an emergency eu summit on wednesday to ask for another
1:42 am
brexit delay. meanwhile, her government continues its talks with labour, trying to find a way to break the deadlock. vicki young reports. if she'd had her way, we would have left the eu nine days ago. but it's not going to plan for theresa may. another brexit deadline is approaching and there is little sign of a breakthrough in talks with labour. the prime minister says continuing to delay our departure could mean it does not happen at all. it would mean letting the brexit the british people voted for slip through ourfingers, i will not stand for that, she says. and the leader of the commons agrees. i just do want to point out, we are out of time, we should have left on 29 march. andrea leadsom defended the decision to hold talks with the labour leader, saying it was something they were doing through gritted teeth. working withjeremy corbyn is not something i want to do at all. it is not something the prime minister wants to do. but far worse than that would be to fail to deliver on brexit. that would be the appalling thing because we were quite clearly told by the people in 2016 to leave the european union and every single
1:43 am
politician who went on the air said, "what you decide, we will implement." those talks look likely to continue, but today labour said they would consider revoking article 50, that is stopping the brexit process, to prevent leaving without a deal. if we get to a situation where parliament has to look at revoking article 50, that will be disappointing and it will be as a result of the crisis the government has caused, unfortunately. it will be a matter that we consider very carefully at the time, but we have promised our party members and our constituents that we will do all we can to avoid a no—deal situation and it is something that we would consider very, very strongly. parliament is making its voice heard on brexit and all sides talk about compromise, but it is still not clear how a deal can be done. while the arguments rage in westminster, what do conservative voters in ripon think about cross—party talks? if she works with him, the chances
1:44 am
are we are going to get somewhere, rather than where we are now, sitting there, just listening to it all over and over and over again. ijust want the job done. you know, if they can actually come to some compromise with the deal and actually agree, then i think that is all to the good. should just come out of the eu, just walk away without a deal. another brexit deadline looms, but the path towards the exit still has a few more twists and turns. you can find me and the rest of the tea m you can find me and the rest of the team on twitter. for more of the twists and turns on the brexit process , twists and turns on the brexit process, log onto our website or download bbc news app. now on bbc news, sport today. hello, this is sport today, live from the bbc sport centre. coming up on this programme...
1:45 am
an extra time thriller at wembley as a deulofeu double puts watford into their first fa cup final in 35 years. madison keys win her first ever clay court title in charleston, beating caroline wozniacki in straight sets. and cambridge do the men's and women's double, beating 0xford for the second successive year at the university boat race. hello, and welcome to the programme. all that and more to come, including the latest with manchester city next month, but a late comeback from watford saw that dream extinguished, asjoe lynskey reports. there is a


info Stream Only

Uploaded by TV Archive on