Now on bbc news, all the latest Business News live from singapore. Decision day for south koreas President Park geun hye. We will assess the impact on the courts decision on whether or not to remove herfrom office. And two minutes with the boss. A Chief Executive tells us what makes his firm tick. Hello, and welcome to Asia Business report. This morning, in fact very shortly, we will be hearing about south koreas residents park geun hye. She will be finding out whether she will be removed from office permanently over a corruption scandal. If beef court formally on seats are she will be the first president in south korea to lose office from parliamentary impeachment. A president ial election will have to be held within 60 days. I asked the director of the Corporate Network for north asia whether he thinks she will be impeached. I think it is very likely that the Constitutional Court is going to support the decision on the impeachment. I think it is very hard for the justices to ignore the sentiment of the country right now. More than three quarters of the population are in favour of the impeachment. However, there is a chance the justices will rule otherwise. We have had an impeachment case in the past were sentiments were quite different, but this time it is likely it will happen. We know the scandal is already threatening the head of the countrys largest company, samsung. But what kind of impact has this had on the economy, on Business Sentiment . I think the impact first and foremost is its negative impact, 01 and foremost is its negative impact, or the damage on the reputation on the image of south korea, which of course also has implications on the economy, the business sector in general. However, the economy has proven fairly resilient. Despite a slight downturn in gdp growth and consumption in the second half of 2016, we have seen a little bit of an uptick earlier this year so far. So the Overall Economic repercussions do not seem to be as negatively pronounced as we would have expect it initially. Now, in a crucial test of support for Prime Minister Narendra Modi, india has been holding five state elections. The most important one is in the northern Battleground State of Uttar Pradesh, with its population of 220 million, the biggest democratic election anywhere in the world this year. Small stalls like this one on the roadside selling tea, sandwiches and a host of other goods can be found across mumbai. Most of these hawkers come from Uttar Pradesh, which is indias largest state, with a population of over 200 million. 0n saturday, results for the recently held local elections in Uttar Pradesh and four other states will be announced. These results are crucial for be announced. These results are crucialfor prime mr be announced. These results are crucial for prime mr narendra be announced. These results are crucialfor prime mr Narendra Modi and his party. It is the first major local election after the Indian Government withdrew 86 of the currency in circulation, disrupting the lives of millions across the country. That is why many have turned these elections on a referendum about that decision. The other crucial aspect is that despite having a majority in the low house of parliament, Narendra Modis party is still in a minority in the upper house, when members are elected by the various state councils. This often the various state councils. This ofte n a cts the various state councils. This often acts as a roadblock when it comes to passing legislation. A victory in Uttar Pradesh will help increase his partys legislative strength in the upper house, which will give him political muscle to push through Economic Reforms like the implementation of the goods and services tax, cut red tape, and introduce more laws to tackle corruption. But if he loses many a nalysts corruption. But if he loses many analysts worry he might shift his focus to populist policies to attract voters ahead of the indian election in 2019. Over the last few weeks, indian Stock Markets have been performing well, expecting Narendra Modis party to win this election. But if that doesnt happen, the markets could turn red when they open on monday morning. In other Business News, germanys volkswagen and indias Tartar Motors are expected to sign a deal later today on two operating together in the indian market. Pitcher carmakers reportedly hope to share technology, components and manufacturing components. Vw is already the worlds used car maker. It is looking for new markets as it tries to recover from a looking for new markets as it tries to recoverfrom a Global Diesel Emissions scandal. Investors have poured 1 billion into airbnb in its latest bid to raise money. This means the Home Rental Company is now valued at 31 billion, making it the second most valuable Start Up Company in the us, after uber. No word on how it would use the money, but airbnb has plans to expand its operations globally. This week us President Donald Trump has signed a new Executive Order which puts a temperate ban on people from six mainly muslim countries from six mainly muslim countries from entering america. Temporarily. The previous order was blocked by a Federal Court and sparked confusion at airports and mass protests. Rico hizon asked Andrew Herdman from the association of Asia Pacific Airlines about what kind of contingencies the carriers have put in place to avoid that once again, the confusion and chaos that we saw, when the band kicks in next week. Well, it is awareness. Telling the frontline staff, being clear about what the rules are, how they are interpreted, cases of dual passports, cases where people already have green cards and so on and so forth. These are compensated issues and just knowing what the rules are, how to apply them, explaining that to passengers, and passages themselves of course have questions even before they go to the airport. Cobbler catered issues. But overall, we are concerned about the fewer restrictions the better for people moving across borders. We are concerned about the signal that this sense, that borders are closing in certain carriers and passengers are not welcome. Is this having an impact in terms of the large Muslim Population is here in asia, which includes the likes of indonesia and malaysia . They are not on the banned list, but do you think that less muslims from asia will now travel to the us . Certainly citizens from those countries would have taken a close interest in the Executive Order and whether the president was targeting muslims, despite denials to the contrary, they will be thinking, is this going to affect my ability to get a visa and get access to the United States . Again, people there in mind, how much hassle as they going to be in getting a visa and getting into the country. That might cause them to choose to girls we re might cause them to choose to girls were on holiday. Ago elsewhere on holiday. More people are watching videos on their mobile devices than ever before and there is big money in it. We are kicking off a new series called two minutes with, and this time it is with a Creative Agency which has won many awards for its commercials and films. Most grisly, they worked on beyonces app lemonade album. Beyonces lemonade. What makes a good video is an extremely broad question, but if we talk about digital content, commercial contents, and he wants to engage the audience and make declines, the future clients work with you, you need to think about what their story is. Notjust with you, you need to think about what their story is. Not just your product, what you want to tell about your product, but how will you be perceived by somebody on the other side of the screen . I tried to change. The first five seconds are so change. The first five seconds are so important. We have done projects where we have produced the same film but cut it differently. So we put the end in the beginning and it has an impact that is 3 5 times more remarkable than the traditional type of story. When working on lemonade, we we re very of story. When working on lemonade, we were very involved in creating the concept by working together with the concept by working together with the director and with the artist. You know, suggesting innovative ways of Making Something visually conceptually different, that will ra ke conceptually different, that will rake through the clutter of other information and content out there. Will break through. When we worked with netflix, we often work with an agency partner, and our work is very much about making them realise the idea they need to have to engage the audience. When they have their formats, there are so many when they have their formats, there are so many formats coming from so many different players today. Hbo, amazon, conditional tv channels. Netflix has to cut through that and show that their content is more exciting, more entertaining than the other competitors. Michelle coleman ski explaining everything in two minutes flat. I have about 30 seconds to its planned markets right now, because the nikkei is gaining a bit, up over 1 . Explain the markets. This is due to the weaker yen. We have some prospects of a rate hike in the us when the Federal Reserve meets next week, which has been pushing the us dollar higher. We still have crucial us payroll data coming out, and expectations are that will be very strong, supporting that push for a rate rise. Looking elsewhere, marginal gains in the other markets. That is all for this addition of Asia Business report. Thank you for watching. A National Monument paying tribute to members of the military and civilians who served and worked in the wars in iraq and afghanistan has been unveiled in central london. Robert hall reports. There have been many accounts of individual sacrifice during the longest and most intense period of Combat Operations since the second world war. This was a day to recognise the stories that have not been told. We meet in the presence of god to commemorate and give thanks for all those civilians and members of the military who have served on operations in the gulf region, iraq and afghanistan. 682 Service Personnel lost their lives in iraq and afghanistan. The political decisions which put them in harms way still divide opinion. No one has ever doubted the courage and dedication of every man and every woman who travelled to a troubled region. May this memorial commemorate the lives and service of all. My son was called kris oneill, he was killed in iraq in 2007. At least they are all being recognised, that is the main thing. That is the main thing. With all the controversy over the iraq war, i did not even think we would get a memorial, but it shows what people power can do. But delight at public recognition was tempered by regret. A very fitting service, a very pretty memorial, but very frustrated. Bereaved parents, family members, were not originally invited to this. Those who were invited saw a sculpture that offered a glimpse of the past and the future. Today brought a good closure to the events, both iraq, which was quite traumatic, and afghanistan, which i went to four times, which was very traumatic. There are still people out there. Ileave injune. And i am leaving a team behind that will continue working. One day, Sergeant Mark lunn and his wife michelle will pass on their iraq experiences to their son alfie, not on his best behaviour this morning. But the queen was amused. Alfie, and generations to come, will have a permanent reminder of a chapter in our history that remains unfinished business. Robert hall, bbc news, westminster. 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 lyon come from behind to beat roma and take control of their Europa League last 16 tie. Should i stay or should i go Arsene Wenger admits the fans are a factor. Andre greipel sprints to victory on stage five of the paris to nice race. After all that Champions League excitement on wednesday, its the turn of the Europa League to take centre stage. And there was a 6 Goal Thriller in france as lyon came from behind to beat roma in the first leg of the last 16 tie. The home side had taken the lead after 8 minutes but Mohamed Salah drew the italians level on 20 minutes, before on loan spurs defender Federico Fazio put roma ahead just after the half hour at this point all one way traffic. The second half though belonging to lyon. They scored 3 unanswered goal, including a rocket from Alexander Lacazette in injury time to put themselves in the driving seat to reach the quarter finals. 11 2 final score. Meanwhile Manchester United grabbed a vital away goal as they drew 1 1 at russian side rostov. Henrikh mkhitaryans close range finish after 35 minutes giving united the lead but despite showing very little Going Forward up to that point the hosts equalized through aleksandr bukharov
comparemela.com © 2020. All Rights Reserved.