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BBCNEWS Asia Business Report August 2, 2017

British gas is to increase Electricity Prices by 12. 5 from september. The move which will affect more than three customers has led to calls for a cap on energy costs. Now on bbc news all the latest Business News live from singapore. Apple reports sweet earnings due to better than expect that sales of iphones and ipods. And it splits in two to form a new currency bitcoin. We start with apple, which has reported a juicy set of earnings. Its shares are rising to record highs. It is best known for its iphones and computers, and they have reported a 7 rise in revenue to just over m5 have reported a 7 rise in revenue tojust over m5 billion. Have reported a 7 rise in revenue to just over m5 billion. Profits from apple watch, apple tv and other productsjumped from apple watch, apple tv and other products jumped more than 20 compared to last year. But revenue from china fell for the fifth straight quarter. We go to our north America Technology reporter. He talked us through the results. Americ

Lite Bite to focus on 4 core brands; tier 1,2 to be key growth markets

Lite Bite Foods, operating Asia7 and Street Foods, aims to double its outlets count by focusing on its four core brands, including Punjab Grill, Street Foods, YouMee, and Asia 7. The company plans to expand in tier 1 and 2 markets to capitalize on India s growing organized food services sector. The food and service is expected to reach $78.8 billion by 2026, driven by factors such as increased dining out frequency and demand for diverse cuisines.

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