Transcripts For BBCNEWS Asia Business Report 20170207

In the row over Donald Trumps state visit to britain later this year. He said hes strongly opposed to the president addressing mps and lords in westminster. Now on bbc news all the latest Business News live from singapore. Better times ahead. Toyota revises its Profit Forecast. We find out why. And how much of your Household Budget goes to your kids . Good morning, asia. Hello, world. Guy could you still might go you could join us for Asia Business report, im rico hizon glad you could join us. Toyota is looking at a stronger 2017 after its latest Earnings Numbers showed profits are down for the worlds second largest carmaker. The Company Raised its full year Profit Forecast by nearly 10 on expectations of a Weakening Yen against the us dollar, that would boost exports and profits even further. But in the past quarter it fell from 5. 6 billion to 4. 3 billion. Why is toyota feeling so optimistic . Earlier i posed the question to a journalist from automotive news. At toyota its all about the Foreign Exchange rates, they took a big hit in the last quarter, the Depreciating Yen Hit their profits in a major way, thats why you see the big tumble but looking ahead they expect the yen to wea ken looking ahead they expect the yen to weaken a bit for the rest of the year. Weaken a bit for the rest of the yea r. Lets weaken a bit for the rest of the year. Lets not get too excited because although they upgraded their forecast, theyre still expecting their full year net income to drop 26 . Although its boring, its not as bad as they thought. Just like alljapanese as bad as they thought. Just like all japanese car manufacturers, theres a big uncertainty on the horizon with President Trump, especially if there is some kind of tariff that will be imposed. Sure, thats a big topic here injapan. The entire industry is a flutter with uncertainty about what trump will bring to them. Exports from japan are big, as our exports from neighbouring countries to the United States like mexico and canada. If he puts on a tariff then that will take a big chunk out of their profits going forward. What if they increase their investments in the United States . Their investments in the United States . What will this mean for earnings for toyota and the other carmakers . I think longterm they are making these kinds of investments in the United States, as the worlds second biggest auto market, it shows continued stability and growth, last year they had record sales in the us. That a long term trend. But doing so is expensive and it takes time to build these factories, you cantjust build one overnight, it takes several years. This is a Long Term Plan they would have to initiate in order to build more capacity in the us. In other Business News making headlines, a group of 127 Us Tech Companies have filed a legal document stating that President Trumps Immigration Ban affects their operations and inflicts serious harm on business. The companies include Tech Heavyweights like apple, facebook and microsoft. The document is an amicus brief which allows parties not directly involved in the case but who feel they are affected to give their views. Toshiba has. The Japanese Company has been looking at ways to raise cash to offset a potentially big loss from its us nuclear business. Today marks the 25th Anniversary of the signing of the Maastricht Treaty officially known as the treaty of the european union. Back then it was a sign of a feeling of optimism about what the eu could achieve. Few could have predicted the financial and political challenges the group would come up against 25 years later. Andrew walker has the details. Maastricht, 1992 and a blueprint is agreed for a new and deeper programme of european integration. It was here the euro was conceived. This was a moment of hope and optimism, at least for european political leaders. The dole a quarter of a century on, the flag looks a bit tattered. We had, arguably still have, the financial crisis, one important member state, britain, deciding to leave and the rise of anti eu political groups in several countries and perhaps the chance they will take power this yearin chance they will take power this year in countries that were founder members of the european project, france and the netherlands. Now the election of donald trump to the us presidency presents new and unpredictable challenges for europe, he doesnt think much of the eu. He said the british decision to leave was so said the british decision to leave was so smart. He has certainly rattled brussels. The president of the European Council donald tusk wrote to eu Member States saying maastricht was intended to create a new more congenial environment for business with less uncertainty. It feels like a long time ago. Andrew walker, bbc news. Uncertainty over President Trumps policies, rising us Interest Rates and Slower Growth in china, these are some of the factors in best as are some of the factors in best as are facing when it comes to where to put their money. But what should be the 2017 strategy . This is what the chief Investment Officer for Credit Suisse told me earlier. Were recommending investors look at their portfolios thematically. We think the Infrastructure Story globally is one that should be part ofa globally is one that should be part of a portfolio in the same way that emerging markets were in the nineteen nineties. Its been an under locked Investment Space for decades. And that is true in the us, in europe and across asia. The types of money and investment being spoken about now by multinationals is vast. The adb are recommending asia spend 1 trillion on investment by 2025. That is a huge amount of money that needs to be spent and it will be reflected in Client Portfolios in equity and fixed income and commodities. Looking at Interest Rates, we are its picking the Federal Reserve to raise the cost of borrowing two to three times a year. Is that a key Investment Theme . Absolutely. Investing in a rising Interest Environment will affect your Income Portfolios and commodities and the currency side. We continue to focus on Investment Grade credit is one that will attract over the course of this year. But the financials, healthcare, sectors in the equity space will outperform and those we recommending clients explore. The chief Investment Officer from Credit Suisse, john woods. Ballet, swimming, soccer, mandarin classes, these are some of the activities many children in the region are signed up to from a very early age. Each one costs money. But how much is too much . Mariko oi decided to use her Household Budget as a test case for the series the business of kids. Welcome to the life of a two year old. In addition to her childcare during the week, nikaras weekends are jampacked with Extracurricular Activities. Meet her tiger mum. Yes, its me. We think of these activities being great for her but they arent cheap. In fact we decided to teach her swimming at home because we already spend three each month on her Extracurricular Activities. And thats on top of over 1000 on childcare. And we have another one coming and as the child gets older, the list only gets longer and longer. Thursdays im doing soccer, wednesdays i do swimming. In fact, e. G. s mother has started a website that lists Extracurricular Activities for children. Evies. We saw a high demand from advertisers and clients to reach out to the parent market. It has things like coding for kids, soccer, tennis, such a wide range, ballet, swimming, theres a mini mba for children. You heard it right, a mini mba for children but are we at risk of over scheduling our childrens weekends . And is there a clear benefit that a Child Psychologist sees in children that do Extracurricular Activities . sees in children that do Extracurricular Activities . I guess the word youre looking for is positively engage. It doesnt mean a child enrolled in a lot of classes will do better than a child that isnt. But if the child is at home not purposefully engaging in any classes but they are doing a lot of things at home with their parents, theyre still doing well. For us raising our daughter to be fluent in my mother tongue, japanese, is very important and many children in asia are also taking up mandarin. But the issue of over scheduling her weekends aside, we may need to reconsider our Household Budget once oui reconsider our Household Budget once our second child arrives. Mariko oi, bbc news. And it gets expensive every year lets have a quick look now at the markets. As you can see, not a good start to the Tuesday Trading Session for the Asian Financial markets, all dipping into negative territory after us equities fell overnight lead by Lower Oil Prices and global uncertainty over Donald Trumps economic policies and concerns over the French Election in april. Japan, hong kong and australia all in the red. Thank you so much for investing your time with us. Im rico hizon. Sport today is coming up next. The top stories this hour the United Statesjustice department has formally lodged an appeal against the suspension of Donald Trumps Travel Ban On Citizens from seven mainly muslim countries. A pr company which represents the football star David Beckham has told the bbc hackers tried to blackmail it by threatening to leak his e mails. The speaker of the House Of Commons, john bercow, has expressed his strong opposition to any plans for President Trump to address both Houses Of Parliament when he makes his state visit to the uk later this year. Mr bercow, said his opposition had hardened following mr trumps decision to impose a travel ban on seven mainly muslim countries. Our chief Political Correspondent vicki young reports. Its an honour thats been bestowed on popes and president s, a speech to both Houses Of Parliament in the splendour of Westminster Hall was part of the itinerary for these dignitaries when they visited britain. But the same invite may not be coming President Trumps way. In an astonishing intervention, the Commons Speaker said recent decisions by the president had made him uneasy about issuing an invitation. I feel very strongly that our opposition to racism and to sexism and our support for Equality Before The Law and an independent judiciary are hugely important considerations in the House Of Commons. Rare applause from snp and labour mps who have been highly critical of the american president. Donald trump has got to go and that anger brought anti trump demonstrations to the Prime Ministers door after she invited him on a state visit later this year. For us to roll out the red carpet at Buckingham Palace or to invite him here to speak to us in a grand occasion at both houses send out all the wrong messages. Thats why the speaker has called it right today. The speaker Of The Commons is a powerful figure who has a say in who addresses mps. Hes independent of Party Politics and is supposed to represent the whole house. The whole house. Tonight its clear that some are unhappy with his outburst. I think the speaker of the House Of Commons should be neutral. To express his opinion in the way he did today, if he values this great office, is insulting to President Trump. The referee of this should keep himself above that, so that is to be regretted. But its a symptom of the controversy around this visit. The Prime Minister has been trying to forge a Close Partnership with the new pm in washington, saying today that government should engage patiently and constructively with his administration. While theresa may has launched a Charm Offensive towards President Trump, john bercow suggested he is unfit to come here and speak to and peers. Many agree with the speaker, saying he is simply upholding the values of parliament, but others think he has completely overstepped the mark. I invite you, mr president , to address us. And tory mps point out that he has in the past welcomed leaders to parliament whose values britain doesnt always share. Hello, im tulson tollett, and this is sport today, live from the bbc sport centre. Coming up on this programme the iaaf says russia will remain suspended for augusts world athletics championships in london. South African Rugby Union is in Mourning Afterjoost Van Der Westhuizen dies age 45. And cry for me, argentina. The defending champions are knocked out of the davis cup. Hello, and welcome to the programme, where we start with the news athletics world governing body the iaaf have confirmed at a Council Meeting in monaco that the Russian Athletics Federation will not be eligible to compete at the World Championships in london later this year. Some russian athletes may though be able to compete under a neutral