Im Lewis Vaughan jones with bbc world news. Our top story. Theres a Strong Police presence on the streets of the iranian capital, tehran, following a second day of protests over the shooting down of a ukrainian airliner. Police have been out in force to deter people from taking part in more Anti Government protests. A volcano near the philippines capital manila has blasted a column of ash and steam up to fifteen kilometres into the sky. And this is popular on bbc. Com. The queen has attended church near her sandringham estate ahead of talks there on monday on the future roles of prince harry and his wife meghan, as they plan to step back as senior members of the royal family. Thats all. Stay with bbc world news. More on our website bbc. Co. Uk news, and the news app. Now on bbc news, live to singapore for Asia Business report. For for Asia Business report. Now, let us we look at how it will impact the technology industry. The biggest industry is leaving customers high and dry. We find out why. Good
morning, asia. Hello, world was a monday. Glad you could join us for another exciting edition of Asia Business report. I im rico hizon. We start off in taiwan where president tsai ing wen has won another term. With a re election under her belt, she will now need to turn her laser focused towards the islands high tech manufacturing industries. Competition is growing in that arena as part of beijings own push, known as made in china 2025. Taiwan has also gained from the us china trade walk as customers move some factories for microchips and other high end technology. Earlier, we spoke with william pat sack and he says taipei needs to get cracking to keep its economic momentum. On the one hand, you can argue that she has a new mandate. A relatively strong mandate, to reform the economy, to pivot away from china. She won more than 8 million votes which is arguably the biggest landside taiwan has a scene. She has a very strong mandate at this time
to pivot away. And you can argue in this second term she will now have the confidence to do this. Easier said than done. Taiwan has had a pretty good outcome from the trade well. We are seeing some Multinational Companies pivot in taiwans direction. You look at a company like taiwans semiconductor. They have record revenues in the Fourth Quarter which is something you wouldnt expect in the kind of trade war. And this could be the beginning of a wider separation in terms of high end technology. Beginning of a wider separation in terms of highend technology. The thing for taiwan is it really has two choices. One is to basically compete with china or to move upward. So of course the option is moving upmarket and they need to focus on telling the world how taiwan stands in the world and that is pivoting to new markets. Biotech, high end manufacturing, ai,
robotics. I think taiwan has a natural resources, the talent and the wherewithal to do it. It really requires political focus and the wherewithal to do it. It really requires politicalfocus and now that the president doesnt have to run for re election. That the president doesnt have to run for reelection. These factions that factors that you mentioned, plus low employment, higher wages, could basically lead taiwan to gain even further in terms of its economic maintenance momentum which is now in 14th consecutive quarters. The element thatis consecutive quarters. The element that is the question was up taiwan is entering 2020 on good footing but the question is the us china trade war. the question is the us china trade war. I dont believe for a moment this is over and i think President Trump will be poking china more and more. That puts taiwan in a weird place for top in a place. More. That puts taiwan in a weird place for top in a place. This was a yearfor place for top in a place. This was a year for policy makers in the beijing because of chinas economy grew by its slowest pace in nearly two decades and the fallout for its trade war with the us has made
managing the slowdown more difficult. A recent report from the Economist Intelligence unit is a 2020 will be better for the mainland economy. Its global chief economist said it relieves trade tensions between he believes the trade tensions are calling. Will there was a big slowed in chinas economy. Slowdown. It went from 6. 9 to 6. 1 . The growth will slow more in 2020 but only a small amount. Only 0. 2 Percentage Points lower down. Those are decade lows. Are we likely to see more fiscal and monetary support from the Chinese Government to at least push it up above 6 . From the Chinese Government to at least push it up above 696 . They would like to. Chinas economy is still growing at an unsustainable pace. The sustainable row rate of growth is still lower. Once they hit that 2020 targets they have for
their doubling of 2010s gdp, i think they will probably in the next five year plan, be willing to take the breaks of the economy somewhat. The big challenges with inflation so high because of pork prices, they dont have as much room room for stimulus as they once did. A big day for boeing. As the big boss has his first day on the job. Previous cheek chief first day on the job. Previous cheek chief executive Dennis Muilenburg was ousted after his handling of the 737 max crisis. The grounding of 371 aircraft has already cost to play make up more than 9 billion us dollars and the longer it takes to get them in the sky, the more it will cost to compensate carriers. Dave calhoun has a lot on his plate while keeping shareholders happy. Boeing share price has fallen since the grounding in march. As you can see on the stock price screen. However, he will also need to spend cash as he tries to restore trust with regulators and the flying public. Over to australian and german Group Siemens who says it is devoted to a coalmining project and has come under fire from activists following recent wildfires in the country. Siemens was awarded a contract country. Siemens was awarded a co ntra ct to country. Siemens was awarded a contract to provide signalling technology for a railway line connecting the outback to the australian seaboard. In india, massive changes are taking place in the telecommunications market. In a 3 way battle for the population of1 billion, it is the customers who are 110w billion, it is the customers who are now slapped with higher prices. Monica miller explains. India is wells second Largest Telecom market and has some of the cheapest mobile plans on the planet. 1 gigabyte costs 26 cents, that is compared to 12 and the United States, 16 in south korea and 75 in zimbabwe. But
two of the market leaders, vodafone and et al. Are facing a mountain of debt. Airtel. Allah during 2013 and 2017, they had to pay a lot. They havent actually made a sufficient return of investment on those large investments. These companies also owe the government a whopping 13 billion in licensing fees and taxes. The indian head of vodafone says this situation is crucial and they may have to shut down if the Indian Government doesnt help. These two companies are struggling due to one disruptor. Jio, backed by asias which is manned, it offered a free voice calls and supercheap data. They could afford
to offer those services for free for six months and for incumbents, it was just six months and for incumbents, it wasjust in six months and for incumbents, it was just in ponds six months and for incumbents, it wasjust in ponds impossible to compete with free. This is a critical time in the sector as the rest of the world moves to this generation of mobile networks was up Chinas Huawei is the wells leader in 5g and it is blocked from doing business in the United States so it is counting on its investments in india. But. Indian Telecom Companies lack infrastructure. In oui companies lack infrastructure. In our view, the infrastructure is critical to provide these services. Looking at the current state of the telecom industry, it may be a long time. Before india comes calling for 5g. Monica miller on Indias Telecom medications industry. The earnings season medications industry. The earnings season begins this week. Let us see what is on the business calendar. India reports Consumer Price inflation and soaring food prices
have been putting that higher, possibly above 6 . The highest in five years. Jpmorgan kicking off hurling Quarterly Earnings on us banks on tuesday. And mid week, deciding on the long awaited phase i trader at arrangement between the United States and china. Trade arrangement. And on thursday, us retail sales will be released. Earlier, i spoke about when it comes to the trade deal, the devil will be in the details for investors. The key to look for in wednesdays deal is going to be implementation and enforcement. Those are going to be the key issues as china has a long history of reneging on their previous promises. That is going to really be the one to watch. As well, were going to be looking at the implications for the technology sector. We have this ongoing back occasion between the us and china and whether the reforms china will promise, whether they will be enough to potentially mediate some of that
the us is still moving ahead with blacklisting Chinese Companies bifurcation. China as well our increasing self reliance. Bifurcation. China as well our increasing selfreliance. Let us have a quick look now at Market Action in the asia pacific and how they are faring at this hour. The nike two to five up half a percent. Nikkay. Waiting for that all time trade deal between the us and china to be signed in washington. Japan is closed due to a public holiday. Thank you so much for investing your time with us. I im rico hizon thank you forjoining us. This is bbc news the top stories this hour. Theres been another day of protests in iran over the authorities delay in accepting
responsibility for the shooting down of a passenger plane. Thousands have been ordered to evacuate their homes in the philippines, after a volcano spews out a massive cloud of ash near manila. Britains ambassador to iran was summoned by the countrys Foreign Ministry on sunday, accused of attending an illegal Anti Government demonstration. Hundreds of people gathered outside the British Embassy in tehran, chanting death to the uk and burning the union flag. Our Diplomatic CorrespondentJames Landale reports. Chanting. Outside the British Embassy in tehran today, an angry demonstration. Men burning flags, crying, death to the uk. An organised protest by hardline militia linked to irans revolutionary guard, all calling for britains ambassador
to be expelled from the country. Rob macaire was detained by Police Yesterday for what irans Foreign Ministry described as inappropriate behaviour at an illegal gathering of Anti Government protesters. The ambassador, seen here next to the former foreign secretary, jeremy hunt, was held for three hours until his identity was confirmed and he was released. The Foreign Office said the ambassador had been paying his respects at a vigil for those whod died when the ukrainian airliner shot down by an iranian forces. Amid growing, angry demonstrations in tehran at the governments handling of the crisis. Mr macaire was nonetheless summoned to the iranian Foreign Ministry to explain himself. He told them his detention was unjustified and a violation of international law. In a tweet, he said. Tensions have been high from the assassination of a top uranian official. Iran retaliated against us bases with iraq and the ukrainian airliner was tragically shot down. But for a moment today, those tensions were calmed as World Leaders gathered in oman to mourn the death of the countrys leader at relations with iran remain unchanged and unresolved. Today, president rouhani met qatar, said that deescalation was the only solution to perhaps not for the region but is well on the streets of tehran. Now on bbc news, sport today. Hello, im gavin ramjaun, and this is sport today, live from the bbc sport centre. Coming up on this programme super sergio Manchester City striker aguero hits a record breaking hat trick, as his side demolish aston villa. Back on top, juventus lead the way in serie a, with Cristiano Ronaldo on the scoresheet in their win at roma. And serbian delight. Novak djokovic helps them to victory over spain, in the first ever atp cup final. We start with football, and Manchester City are back up to second in the English Premier League table, after thrashing aston villa on sunday. Sergio aguero scored a hat trick as the reigning champions won 6 1 at villa park. John murray reports. The champions inflicted aston villas heaviest defeat since they returned to the