Transcripts For BBCNEWS Asia Business Report 20180116

The government says there have been no reports of serious disruption to public services, following the collapse of the huge Construction Firm carillion, which has gone into liquidation. Now on bbc news all the latest Business News live from singapore. Americas auto giant showing a Technology Driven future at the opening of the detroit auto show. And israels Prime Minister visits india, could this be a new era of co operation . Good morning asia. Hello world. It is tuesday. Glad you could join us. We started the programme with the treat auto show and big trucks and smart cars are set to dominate this annual north American International auto show. Americas three auto makers have enjoyed three show years of strong sales, but they are also ina race of strong sales, but they are also in a race to stay ahead of foreign competition, at least when it comes to building high tech autonomous vehicles. All the stories from detroit. This is a self driving vehicle, tested by ford to deliver pieces. It looks pretty much like a normal car but those spinning things on the top are sensors and i got you round the car to it is seeing. This what it is seeing. Look at this here. That little red dot is me, thatis here. That little red dot is me, that is what the car is seeing so it can make decisions on where to turn, where it stopped or accelerate. Ford is not the only car maker that is talking about these, pretty much all of them is and they are investing money into research and development. How will the government regulate it . We also have a transport secretary of the Us Government here yesterday saying they dont want to have a command and control approach. Saying they dont want to interfere with innovation, but of course safety is a big concern for them. Also very much saying that the onus is on Thai Companies to make people feel confident about vehicles like these. It is incumbent upon these manufacturers and High Tech Companies to share their enthusiasm and their competence in this new technology. Because unless they do so, the consumers will not accept it and this would not be a success. General motors has already made a request to the Us Government to allow them to put this vehicle on the roads as early as next year. No Steering Wheel or paddles. Many other carmakers think the world is not ready for itjust other carmakers think the world is not ready for it just yet. It will ta ke yea rs not ready for it just yet. It will take years before we see full autonomous drive, lot of things need to our Legal Environment and we believe that many customers are not ready for cars without Steering Wheels. But that future for cars with no passenger controls could be a reality pretty soon. Look at this vehicle, there is a screen in front of me, no Steering Wheel, no paddles beneath my feet. These shuttle buses are already being used on the streets of detroit on fixed roads and will soon be used on others as well. The advances are coming at us faster than we had imagined and the question facing government and all of us, are we ready to concede control to machines and software . Israeli Prime Minister Benjamin Netanyahu israeli Prime Minister Benjamin Neta nyahu is israeli Prime Minister Benjamin Netanyahu is on a six day india to, aimed at deepening trade and defence ties between the two countries. Hes been a company by the largest Business Litigation that has accompanied an israeli pm on a tour. Joining us is this our reporter in mumbai, how important is this trip . Very significant because he is coming to india just after eight months after the Prime Minister visited. They are keen to increase ties between the countries. He has the biggest delegation, 130 entrepreneurs have come with him and a lot of start ups and some important ministers and officials from the government. It is a six day to us, not just from the government. It is a six day to us, notjust restricted to the capital, they will be visiting the hometown of the Prime Minister, he will also be coming to mumbai after that where he will be rubbing shoulders with some celebrities from bollywood. It is a very long tour, the idea is to send a signal that israel are keen to deepen ties on an economic and culture will front. This is being billed by both leaders asa this is being billed by both leaders as a new error of co operation, what are some of the significant agreements that have been signed by the two countries . Last evening, on monday evening, mr modhi and Benjamin Netanyahu monday evening, mr modhi and Benjamin Neta nyahu announced monday evening, mr modhi and Benjamin Netanyahu announced an agreement on cyber security. No big deal is. We were expecting to hear something on defence because that is at the heart of this partnership. Israel is a big defence equipment maker but we havent heard anything on that stop it an Israeli Company had on that stop it an Israeli Company ha d rece ntly on that stop it an Israeli Company had recently a few months ago struck a deal where it was going to send antitank missiles here for 500 million, that got cancelled and we expected to hear something on it but it didnt happen. 0verall, expected to hear something on it but it didnt happen. Overall, it is a trip where both of the leaders want to send out a message where in the long term india and israel will be strong economic partners. The start of bigger things to come. Thank you for that update. Lets take a look at the markets and a global stock bull run shows no sign of abating, despite wall street being on holiday, us markets are expected to restart trade later today at record highs. Here in asia, stocks have had a strong start to the year but all of this euphoria, one regulator is one of market risks. Saying that a Global Economy is in a goldilocks narrative and they need to watch out for the three beers, three heirs. I spoke to an investment strategist at lgt bank and i asked about him about the red flags and had. At lgt bank and i asked about him about the red flags and hadlj at lgt bank and i asked about him about the red flags and had. I think it is correct we are in a goldilocks scenario, above trend gdp growth and below trend inflation. A very healthy and supportive backdrop for risky assets. What about the three bears, are we already in the midst of it . Are people turning a blind eye to protectionism, to inflation and financial instability . In terms of inflation, what is remarkable is how unemployment has come down across the world and we can see the United States we have full employment but wage pressures have been very muted. It is during select pockets, germany, where unemployment is very low, we are seeing Wage Inflation but it is a broad based in manon. It doesnt put centre backs Central Banks under pressure to inflate interest rates. In terms of protectionism, we will have nafta rear dressed in montreal later this month s. If it were to be cancelled and the United States was to unilaterally pull out, that would be a shock to markets because that is not being priced in the. Despite the colla pse not being priced in the. Despite the collapse of a floor at the Jakarta Stock Exchange on monday, stock trading continued throughout the day. It was a shocking incident in which 70 people were injured. Rebecca heng chee has more from jakarta. Cctv captures the moment a group of stu d e nts cctv captures the moment a group of students on a study tour falls to the floor below as a walkway suddenly gives way. 0utside, chaotic scenes of the injured captured on a mobile phone. This man works on the 16th floor of the building, its bill felt the impact. Before lunchtime, i hear some voice and the building shakes and the staff panicked. This done at the building is also home to the world bank and other key foreign businesses. Everybody was evacuated. Jakartas. Changed is at the centre of jakartas Central Business district, a prestigious and wealthy area. Questions are now being asked how Something Like this could happen here. Later, officers will some workers that it is safe to come back inside one of the towers. But some are reluctant to do so. No, it is not advised from my colleagues and office management, dont invite me to go back into the building. Advised. Police quickly ruled out terrorism as the cause of the colla pse terrorism as the cause of the collapse and are still investigating what went wrong. Indonesia is still actively trying to bring in more foreign investment. Things like this in the heart of its Business District are not the image they want to portray. Thanks for watching Asia Business report. Dont forget to follow us on twitter. And i am at rico hizon. Sport today is next. You are watching bbc news. A reminder of the headlines. Officials from myanmar and bangladesh have held more talks about returning rohingya refugees, but the United Nations has expressed concern about their security. The four time olympic champion gymnast, simone biles, says she was sexually abused by the former usa team doctor, larry nassar. The first minister of scotland Nicola Sturgeon has warned that a hard brexit could take more than £12 billion a year out of scotlands economy. Shes pledged to make the case for keeping the uk in the eu Single Market. 0ur scotland editor sarah smith reports. Will brexit leave us better off or worse . The Scottish Government today published figures they say show what leaving the eu might cost each and every scot. The Scottish Government analysis suggests that by 2030 staying in the eu Single Market will cost the scottish economy £4 billion, or £688 per person. A Free Trade Agreement similar to canadas deal with the eu would cost the scottish economy £9 billion, or £1,610 per person. While reverting to wto trading rules if there is a hard brexit could cost nearly £13 billion, or over £2,000 per person. These figures relate specifically to the scottish economy, but theyre very much intended to persuade people and politicians across the whole of the uk that the United Kingdom could stay in the eu Single Market once weve left the European Union itself. Staying in the Single Market is the only option that makes sense. Theresa may has been incredibly clear from the beginning that she believes the uk has to leave the Single Market. Do you really think youll change her mind . I dont want to be facetious, who knows whether theresa may will even be Prime Minister by the time these negotiations conclude . The house of commons can if it chooses to decide not to allow theresa may to go down the road that is in her narrow Party Political interest to go down and instead force a path that is much more in the interests of the country overall. The uk government dispute the figures. Anybody can make end of the world type predictions, but rather than focussing on the most negative scenario, what we should be doing is working together to get the best possible deal. Kathy and Alistair Cunningham represent the great brexit divide. She voted to leave, he to remain. What do they make of todays figures . The snp is making the case for scotland and trying to get as good a deal as possible for scotland and the rest of uk, but particularly for scotland. I dont think it would be a good deal if youre half in and half out. In five years time, well all be laughing about the fact that we all said we were going to hell in a hand cart. Many leave voters will share kathys scepticism about any Economic Predictions over brexit, while alistair of course disagrees. And so the debate goes on in the Cunningham Family and far beyond. Hello, im Tulsen Tollett and this is sport today, live from the bbc sport centre. Coming up on this Programme Second placed Manchester United win 3 0 at home against relegation threatened stoke city. Maria sharapova prepares for her grand slam comeback in melbourne. And former champion ding junhui is knocked out of the masters in the first round by ryan day. Hello and welcome to the programme, where we start with the footballing news that Manchester United have beaten stoke city 3 0 at old trafford. New stoke manager paul lambert, who was appointed hours before the game, watched from the stands as first Antonio Valencia and then Anthony Martial scored first half goals, both outstanding strikes from distance, in what was martials 50th for the club. Romelu lukaku notched a third in the final 20 minutes, and the result meansjose mourinhos side close the gap on leaders Manchester City to 12 points. But can they still catch their local rivals . We know that the