Now on bbc news, live to singapore for Asia Business report. Farmers, jobs and infrastructure, just some of the challenges being faced by indias new finance minister as she delivers her debut budget. Samsungs profits slide the korean tech giant warns its earnings will fall more than 15 as the trade war bites. Good morning asia, hello, world. Its friday, almost the weekend, glad you could join us for another exciting addition of Asia Business report, im rico hizon and in india first the first female finance minister in almost half a century is set to present her debut budget today. Nirmala sitharamans Spending Plans will aim to tackle a slowing economy and a raft of other issues. When the renderer modi was first elected five years ago, he pledged to create millions of newjobs. Official figures put the jobless rate at 6. 1 in 2018, and thats a 45 year high. The government needs to find money for welfare programmes its already announced, including did 12. 6 billion us dollars to support f
Business news live from singapore. 20 years since hong kongs hand over to china is its economy better or worse off . And it has been two decades since the Asian Financial crisis we look at the philippines and why it did better than its regional neighbours in riding out the turmoil. Good morning, asia. Hello, world. Thank you forjoining me for this friday edition of Asia Business report. Im rico hizon. As we told you on newsday this weekend marks 20 years since hong kong saw the end of British Colonial will. Chris patten was the last governor of hong kong, which is one of the major financial hubs of asia. My of the major financial hubs of asia. My colleague asked him if he is concerned about the future of the economy under chinas growing influence. My biggest worry about hong kong wasnt that the tanks would roll in from the north but that hong kong would simply become the richest city in china. I dont think that is going to happen so long as hong kong can hold onto the rule of law, inde
The trial of samsungs boss continues today, adding another chapter to the scandal that has gripped south korea. And well take a sneak peek at how airlines are attracting Business Travellers to splash their cash in the skies. Good morning, asia. Hello, world. Im rico hizon for Asia Business report, glad you could join us, the era parent of samsung is going to court today in what is considered to be south careers trial of the century. Hes accused of bribing the countrys president and century. Hes accused of bribing the countrys president and in century. Hes accused of bribing the countrys president and in return for business favours. Earlier i asked Jake Saunders whether the scandal is impacting the bottom line. Close friend. If you look at the stock market, no, everything is fabulous there, it is an upward trend, looking at the revenue of samsung electronics, over the last three years it is quite flat, doing about 175 billion. Why is there a disconnect between the stock price, which has
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