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tv   Asia Business Report  BBC News  April 25, 2019 1:30am-1:46am BST

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our top story: the sri lankan government has acknowledged major lapses over sunday's suicide bombings, that killed at least 359 people. the president has asked for the resignation of his defence secretary and police chief. meanwhile, more funerals and mass burials have been held. eight of the nine attackers have been identified as sri lankan citizens. north korea's leader kimjong—un is in russia for a summit with president putin. they're expected to discuss the future of north korea's nuclear programme. and these are the most recent pictures from new zealand. prince william is taking part in anzac day commemorations to honour new zealand and australia's fallen heroes. the prince will also meet the survivors of last month's terror attacks in mosques in christchurch. that's all from me. goodbye.
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our main uk story: political leaders have attended lyra mckee‘s funeral, the journalist shot dead by the new ira. a priest received a standing ovation for his passionate address for unity. now on bbc news, live to singapore for asia business report. facebook receives a big like from investors for its quarterly revenues but it also sets aside three to five in us dollars for us investigation. and the indian economy may have grown rapidly over the past decade, however, lack female employment may be holding it back. —— a lack of. good morning asia, hello world. it isa good morning asia, hello world. it is a thursday, glad you could join
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us is a thursday, glad you could join us foran is a thursday, glad you could join us for an exciting addition of asia business report. i'm rico hizon and we start off with facebook and that big like and it is continuing to grow, to make more money and to attract more users, despite ongoing concerns about privacy on its platforms. facebook says revenues we re platforms. facebook says revenues were just over $15 billion in the three months till march and that is ajump of 26% three months till march and that is a jump of 26% from this time last year and better than wall street expectations. it is benefiting from a surge in advertising, spending on the platform and a growth in instagram, but it is warning it could face ahead of up to $5 billion as it settles us investigations into its handling of users‘s data after the cambridge analytica scandal. it has already spent $3 billion in legal expenses this quarter. the big news from facebook is, of course, how much money they anticipate having to pay american regulators to settle privacy issues. now, the
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company is estimating it could cost three and it has already set aside a big chunk of that bill, but facebook has also said that the legal battles with the ftc are far from over and it is unclear how long it will all take. now, what these earnings tell us, however, is that facebook seems to be taking privacy much more seriously than it had before. back in march of this year, facebook ceo mark zuckerberg said the future of the company will be in private, encrypted services. it is a recognition that social media companies, all of them, notjust facebook, have really eroded the public‘s confidence that they are able to keep the information safe. and two, these earnings tell us that despite all these privacy issues, facebook is still able to get more people to sign up and engage with the site on a daily basis. and there is indeed a big like for facebook
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shares, it is currently up by 5% in after—hours trade in the us. the largest pork producer in the world are struggling to contain the spread ofa are struggling to contain the spread of a deadly disease that in its livestock. chinese hog farmers are battling african swine fever, which is currently wiped out thousands of pigs in the country. there is no cure for this disease. earlier, i spoke to christine mccracken from rabobank and i asked her who had been hit the worst from this crisis. the small farmers have been hit obviously very badly, primarily because it has been spread to the feeding of pork products back to those animals, scraps off the table, but it is also hitting the larger operations unfortunately, so it is really hitting all sectors of the chinese industry. 50 what kind of damages at having not only in china
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but on the rest of the industry in asia? it is early days in terms of the rest of asia, i think everyone is trying to adjust to the expectation that there will be a lot less pork available in china and as a result, trying to increase production of other protein. they are looking to import products from other parts of asia into china, but again, we expect this to spread into other regions, given the movement of animals and people. agriculture and livestock expert, christine mccracken, joining us earlierfrom new york and it has been 15 days after deadly blast rocked shall anchor on easter sunday. there are now concerns about the effect it could have on the economy. there are fears that the blasts could hit the tourism industry. she mentioned lael spoke with a veteran atelier, who said the attacks have had a visible and immediate impact on his
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businesses. -- hotelier. we have had cancellations and given the money back to the tourists who have booked with us, spend money, because that is the best thing we can do because you want to get them back, the best way to get them back is feed them well and say look, we understand your feelings, you do well and say look, we understand yourfeelings, you do not want to come right now but please consider coming back in a month past time, two months's time, whatever it is and then they have the confidence to come back. i remember talking to you here more than a decade ago, after the indian ocean tsunami, and you said horschel anchor would bounce back from that. tell us what has happened since in terms of progress. -- sri happened since in terms of progress. —— sri lanka. well, progress has been fantastic, especially after 2009, after the end of the conflict, we we re 2009, after the end of the conflict, we were a very safe destination to travel to, tourism employs a large number of people, close to a million people benefit from tourism. for the
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short—term, they will feel the pinch. we are very resilient people, we have been do this in the past and will bounce back. how can you be so confident that it will bounce back? what kind of steps for the tourism authority, some of the boards that you have sat on in the past, what kind of steps are they going to have to take? we can't start promoting the destination tomorrow. first and foremost, what is important is to make sure that people who passed away are handled with grace and dignity and that is the most important at the moment. thereafter, once everything settles down, then we start a programme of marketing and promoting the destination. what do you think sri lanka could learn from the examples of other countries who have gone through a similar process ? who have gone through a similar process? bali, for instance, after the bali bombings? if we come out and say it is safe for people to travel again, that is the most important thing and at the moment, there is a little bit of anxiety,
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uncertainty in the country. i think that will go on for about a week. thereafter, if the forces are able to give some credibility, then it is a matter of slowly building on that safety a nd a matter of slowly building on that safety and stability factor once again. well, india has been growing rapidly over the last decade, but the number of women in employment has been declining at an even faster pace. the international labour organisation ranked india 121 out of 131 countries for female employment and there are fears it could impact growth. political parties contesting in the ongoing polls have promised to tackle this issue, but will it help? it is rush—hour in india's most populous state, uttar pradesh, but very few women are going to work and there are many reasons for that.
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a corporate law firm based in delhi requires a legal associate and they prefer a male, i have seen so many similar kind of ads these days. this 24—year—old is a trained lawyer. she graduated year ago still has not found a job. and this is a very big law firm. she says law firms openly mentioned in thejob law firm. she says law firms openly mentioned in the job adverts that they prefer men. she attended a few interviews was rejected. they prefer men. she attended a few interviews was rejectedlj they prefer men. she attended a few interviews was rejected. i feel very depressed, like sometimes i feel why didi depressed, like sometimes i feel why did i get into this profession? i just talk all about law and everything my complete five years, for the equality and everything. today, i am facing the same issue. despite india's rapid economic growth over the last two decades, women are dropping out of india's workforce and is notjust a problem because indian cities. the situation is the same in rural areas like this. women are getting better education in rural areas, but there are very fewjobs to match the
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qualifications. this woman graduated from university of years ago but after struggling to find suitable employment near home, she took up a job at this embroidery workshop. women have to travel to the city and the transport system is not good, so most of them end up sitting at home or taking most of them end up sitting at home ortaking up odd most of them end up sitting at home or taking up odd jobs. both the leading political parties and the ongoing election promise to tackle this issue head—on, with the main opposition party, international congress, promising to reserve 33% ofjobs for women in the public sector. but experts say that private companies need to play a role too. today, in the case of the government sector, the ability of the government out a lot more jobs is not really there, so a lot of support needs to come from the private sector, and the private sector, to some extent, it is happening at the top of possibly the trickle—down needs to be much more faster and stronger. in the next
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decade, india will grow to have1 billion people in its workforce, the largest in the world after china. but if the country wants to realise its dream of becoming an economic superpower, policymakers will have to ta ke superpower, policymakers will have to take concrete steps to create morejobs for women, to take concrete steps to create morejobs forwomen, especially to take concrete steps to create more jobs for women, especially in rural areas, where most of the population lives. let's have a quick look now at the markets. as you can see, australia is closed today due to anzac day but japan is currently open and it is marginally higher, up by just 22 open and it is marginally higher, up byjust 22 points, that is despite us stocks slipping overnight. thank you so much for investing your time with us. i am rico hizon, sport todayis with us. i am rico hizon, sport today is coming up next. the top stories this hour: the death toll rises again in sri lanka. more than 350 people were killed in sunday's attacks, now questions about who was
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behind the bombings. north korea's kim jong—un arrives in russia for his first ever meeting with president putin. the kremlin says nuclear arms are on the agenda. salmon fishing is one of scotland's largest rural industries, supporting more than 4000 jobs. but new figures released show that wild salmon catches in scotland are at their lowest level since records began. andrew anderson reports from the banks of the river tay in perth. heading out today to catch a salmon, probably more in hope than expectation. numbers have fallen badly here on the tay and on other scottish rivers. if these anglers do land a fish, they'll put it back to help protect stocks. those who oversee the rivers say it's a crisis, and urgent action is needed to protect wild salmon. there's climate change and wider environmental change, which is having an impact on the salmon at sea, in terms of what they feed on and things like that,
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but there are also a whole host of human induced pressures, which are putting the species under pressure. figures released today showjust over 37,000 wild salmon were caught on scotland's rivers last year. that's the lowest since records began in 1952. salmon return from the sea to scotland's rivers to breed. studies show only 3% make it back. 50 years ago, it was ten times that. one factor that's led to the collapse in numbers. bagpipes playing the opening of the salmon fishing season is celebrated on scotland's rivers. it's worth tens of millions of pounds to the rural economy, supporting thousands of jobs. even 30, 50 years ago... claire mercer nairn runs a hotel that's been welcoming anglers since 1820. the fishing, she says, is vital, if it's to stay open all year. for us, that means we can have long—term, full employment in the village, versus having to
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rely on temporary seasonal workers. amid the concern, the scottish government says it's determined to protect this iconic species and is helping to fund research. the concern is not so much that salmon could disappear entirely from rivers like this, but that their numbers fall so low, fishing becomes unsustainable. if that happened, it could have a very serious effect on scotland's rural economies. you can catch up with me on social media. now on bbc news, time for sport today. hello, this is sport today,
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live from the bbc sport centre. coming up on this programme: one point clear in the premier league with three to play as city beat united 2—0 in the manchester derby at old trafford. bayern munich sneak through to the german cup final thanks to a late robert lewandowski penalty against werder bremen. and a shaky rafael nadal wins in three sets as he gets his campaign for a fourth successive barcelona open underway hello and welcome to the programme where we start with the footballing news that manchester city are a point clear in the premier league with three games remaining. that's after they beat united 2—0 to win the manchester derby and watching at old trafford was guy mowbray. for the third season running manchester city when the old trafford premier league manchester derby and this when feels hugely


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