The chancellor, philip hammond, has said hell use this weeks budget to speed up the building of hundreds of thousands of new homes. More on that later. Now on bbc news all the latest Business News live from singapore. Japans latest trade figures show the economy is on a winning streak, thanks to a healthy demand for cars and electronics. And imagine sending yourjob offer an and electronics. And imagine sending your job offer an education and electronics. And imagine sending yourjob offer an education gaming. The idea in singapore is getting respect and even support from the government. Hello and welcome to Asia Business report. My name is sharanjit leyl. Asia business report. My name is shara njit leyl. You Asia Business report. My name is sharanjit leyl. You could say it was the start of the shopping season in many countries around the world. Before we get there, what is on the economic and business calendar for the next few days . Japan just reported its trade data, showing it is gaining traction. It rose 14 from last year. Later today, we have thailand enacting its Third Quarter gdp numbers. 0n thailand enacting its Third Quarter gdp numbers. On thursday, singapore does basically the same, out with its data. And we know that thursday is also a Public Holiday in the us as they celebrate thanksgiving. No mention that because the very next day is the biggest shopping day of the year in america. In fact, it is called black friday, because traditionally it was the day of the year when many retailers would be in the black or profitable. Nowadays, it is known as the date retailers offer specials to shoppers and start the festive season. Earlier, i spoke to alex staples, and asked whether he thought the japanese are peak would last. It looks like the programme of abenomics is starting. The weaker yen has promoted exports. But there has also been resurgent maduranga well. The Global Economy is doing well this year. We expected to expect it to grow atjust under 396, to expect it to grow atjust under 3 , and that extra demand has been boosting exports from japan. You talk about the Global Economy, but what about here, close to home, in South East Asia . You have these Growth Numbers out from thailand and even here in singapore. What are you expecting there this week . Similar story. Around the region, particularly based on Strong Demand in china that we have seen, stronger than was forecast at earlier in the year. That has lifted gdp growth in many South East Asian countries, particularly in places like malaysia and also thailand, as well. Thailand is growing at a good rate. We expect to see continuing positive data out this week. Alidad based on surge in demand for exports as well. China, of course, a big component of that. Singapore is a bit different, isnt it, because we are not a resource based economy. All of that based on. The uptick in oil and gas prices have been positive for singapore. We expect bread to average about 60 a barrel this year, significantly up from where we we re year, significantly up from where we were last here. That is not that sector here, which is very important in singapore. But also, global trade, go back to the trade issue, very important for singapore. And we expect rate recently made 4. 6 growth this year. So singapore is benefiting from the uptick in oil and also from trade. All right, and with all this global trade, it is all about goods, is that it . Bowser to america. This week, a lot of people are buying for black friday. You expecting any records to be broken . A lot of that goes to america. Last week, we saw that worth of sales in one day. We would not expect to see the states matter level. Be shifting towards e commerce, we can continue to see that in the states. It will be interesting to see what consumer commons is like there as well. The economy there is doing pretty well. Newjob growth, new housing starts, more corporate investment, as well. And this plays into the story of what will happen with interest rates. And that was alex staples speaking to me earlier. And toshiba shares have lost about 5 this monday morning after Board Members approved a plan to raise more than 5 billion from the sale of new shares. It is a key step, of course, that would allow the troubled conglomerate to remain a publicly traded company, even if the offloading of its chip company is delayed. It needs to raise almost 7 billion to plug a Balance Sheet hole by march. 0therwise billion to plug a Balance Sheet hole by march. Otherwise it will be delisted from the tokyo stock exchange. Same with corporate japan, honda is recalling 900,000 units of this model, the odyssey minivan. It is the latest manufacturer to have Quality Control issues, this to. Matt morrisonjoins us Quality Control issues, this to. Matt morrison joins us in the studio. What exactly is going on . As you said, this is the odyssey minivan. About 900,000, 800,000 of them are in the united states. So this is model is right up to the present. The issue is that there have been about 46 reported injuries, and that has happened with the second row of seats. They come forward if not properly latched. In fa ct, forward if not properly latched. In fact, the company said that happens due to moderate or every breaking moderate or heavy braking. They said this will not happen if it is properly latched. They have posted instructions on their website, and said that if you follow the instructions, it will be fine. They will fix it at no charge. This comes ata will fix it at no charge. This comes at a bad time for honda. They paid nearly half i at a bad time for honda. They paid nearly half 1 billion to settle claims related to their airbag scandal. That is where the airbags exploded. Unfortunately, i7 scandal. That is where the airbags exploded. Unfortunately, 17 deaths linked to that, notjust honda, but it is worldwide. But it is notjust honda. This is ailing a lot of corporate japan, isnt it . Absolutely. If you start with water makers, subaru, 250,000 cars recall just a few weeks ago. Nissan, they had people on who were not qualified to ta ke had people on who were not qualified to take cars. Mitsubishi had their fuel emissions problems. What is at sta ke fuel emissions problems. What is at stake here is the repetition of japan. 0ne stake here is the repetition of japan. One of two mistakes can be forgiven, but if this is a long term trend, this could be a problem. One or two. Now, trend, this could be a problem. One ortwo. Now, a trend, this could be a problem. One or two. Now, a career in gaming would have been unbeatable here in asia reviews ago. But e sports art gaining are gaining a good reputation. Singapore was to help train new game is to go professional. If they make it, huge prizes worth millions of dollars are at stake. Wants. Lets take a look. You see a lot of professional games, and how these players work as a team. They can stay together, live together, train together. It is quite interesting that you get to fly around and compete, and showcase your skills and talents. I was iwasa i was a competitive game, and i realised that i am actually stronger in strategy, and my reflexes are not as fast as some other players, so i not use what i have do educate more gamers . Besides the competitive game input itself, there are a lot more auxiliary roles out there. Commentators, which broadcast and make the match exciting. The coaches, trainers, all these essential roles. Some potential champions you were watching me. Lets with the markets before we go. Asian markets are fairly mixed, actually. We are seeing australia lower. The nikkei is trading lower as well. At that is due to toshiba and the shares issue that i spoke to you about a earlier. We are seeing concern and caution in the market after the German Coalition talks stood at an impasse. That is having an impact on the euro, and all those tax reform issues in the us as well. And that issues in the us as well. And that is it for this addition of Asia Business report. Thank you for watching. Youre watching bbc news. The chancellor, philip hammond, has said hell use this weeks budget to speed up the building of hundreds of thousands of new homes. Ben wright reports. Building up expectations ahead of the budget for a raft of measures to fix the housing crisis. The chancellor wants to stop developers sitting on land that has been given the green light for housing. There are lots of things we can do using planning powers, using intervention powers to get planning permissions that have been granted built up. We will use money, we will use the powers of the state, we will use the powers of the planning system, but we are determined to get those missing homes built. Today, mr hammond gave hints and winks about government help for smaller House Builders and the possible cuts to stamp duty. Housing seems set to be the centrepiece of the budget, but will it add up to the giant House Building leap another cabinet minister has called for . Wednesday will tell us. Labour says the government should borrow billions more for House Building and stretched public services. Stop giving the tax cuts to the corporations and the rich and recognise youve got an emergency out there in terms of public services, invest in those public services. The head of the nhs in england has said health needs an urgent £4 billion spending boost. The chancellor said he would seek to address particular pressure points, but a spending splurge on any front looks unlikely. Balancing the books is still the governments aim. There will be some cash for Driverless Car Technology and artificial intelligence, but will robots eventually put millions of us out of work . Mr hammond said that wont happen, but did say this. Where are all these Unemployed People . There are no Unemployed People. There are not a lot of Unemployed People . Because we have created three and a half million newjobs since 2010. The chancellors clumsy claim there are no Unemployed People was quickly clarified by him. Mr hammond meant that previous periods of technological change had not left millions out of work. Phillip hammond will walk out of that door on wednesday knowing that the contents of his budget box could be crucial to the political fortunes of theresa mays struggling government, as well as his own. Unusually, cabinet colleagues have been arguing publicly for more money to be spent on the health service, on House Building. Tory mps are urging him to come up with some bold ideas to prove this is a government that has a purpose beyond brexit. The chancellor knows as well that there are critical tory mps who want him out of his job, because they dont think his heart is in the task of getting britain out of the eu. We wont be a government that is defined just by brexit. The outcome of the brexit negotiations will matter much more than any single budget and tomorrow, a core group of cabinet ministers, including the chancellor, will discuss how to unblock talks, knowing that an offer of more money might be the key. Ben wright, bbc news, westminster. The budget coverage, of course, all day here on wednesday of this week. That is literally. Stay with us, though, as it is here with the rest of the news in 15 minutes time. That he was all the sports news in sport today. Season. See you soon. Hello, im Nick Marshall mccormack and this is sport today, live from the bbc sport centre. Coming up on this programme london calling for grigor dimitrov. The bulgarian gets confetti and the cash by winning the end of season atp finals. The year of his life. Tommy fleetwood to claim his first european crown, and says it will be hard to match. And look at this putt. How did lexi thomson miss it . The pressure is too much, but she still collects the cash. Hi there, wherever you are around the world. Welcome to sport today. He was showered in confetti and lifted the trophy high. What a night it was for grigor dimitrov, as he won the biggest tennis tournament of his career, at the atp finals in london. The bulgarian had to break david goffin three times to seal the first set, but the belgian only need the one break to level the match in the second. The third set was a tough, topsy turvy encounter, that had the fans loving the desperate shot making. The crucial break came in the sixth game, and dimitrov sealed the win with his fifth match point
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