Now on bbc news, all the latest Business News live from singapore. Threats of legal challenges and a new warning from businesses over president trumps revised travel ban. Activewear. The Fashion Phenomenon that is grabbing australia by the seat of its pants and is now heading to asia. Good morning, asia. Hello, world. This is Asia Business report. I am rico hizon. Its a tuesday. Us President Donald Trump has signed a new executive order, a scaled back version of his controversial travel ban. It bands new visas for travellers from six mainly muslim countries. Bans. Unlike the current ban, current visa holders are excluded. Some say it could hurt the us economy. The Last Travel Ban was met with a lot of confusion and a lot of misunderstanding about who was actually impacted. This new version of the travel ban certainly has a lot more detail. It is more specific in terms of people who hold green cards, for example. That said, businesses are still expecting that their businesses are going to be impacted. Already we are seeing that people are coming to the us less for tourism and travel. This is already having an impact on americas economy. This is a country that was largely built on immigrants. Many businesses here were built by immigrants. We can expect a lot of anger bubbling up from americas business community. What about the feedback from Silicon Valley . That area of california has a lot of foreign workers. The Technology Sector is really dependent on a lot of outside labour to fill in the jobs. There is such a huge demand for these people with specific computer skills. One of the tools people in Silicon Valley use is the hlb people in Silicon Valley use is the h1b Visa Programme. It is a lottery. President trump has always had his eye on that specific lottery programme. On friday, we heard that he has already put a stop to the expedia did version of it. There was a certain fee that would let businesses expedite Visa Programme is. That is hurting Silicon Valley. In addition to that, it will hurt the Technology Company quite badly. Samira hussain. Hangjing used to be chinas biggest company, and now it has been delisted from the Hang Seng Index. It is not the only company in the maritime sector feeling the pressure. We have the Chief Operating Officer of a website on line. He told me what is expected. What is hurting the market is the offshore oil and gas services. Three companies have gone through liquidation in the last six months and six more are in restructuring on chapter 11 and many more are expected. What is expected to come soon expected. What is expected to come soon is a sea drill out of norway to go through a restructuring of chapter 11. Why is that a major problem, the Offshore Sector . Chapter 11. Why is that a major problem, the Offshore Sector7m chapter 11. Why is that a major problem, the Offshore Sector . It was driven by the low Oil Price Since 2014 which has restricted exploration and production by Major Oil Companies and has had a Knock On Effect of the rates for these vessels and oil rigs and platforms exploring and looking for oil out in the deep sea. Why is it really that bad . We are already seeing oil prices recovering from lows. The oversupply of vessels and High Oil Prices and exploration in 2013 and 2014. Too many vessels were being built. It is a typical shipping problem. It is a cyclical business. Oversupplied. There was a cancellation of a lot of projects out there. Too many ships, low demand, low utilisation, low rates. What is your outlook for the shipping sector and subsectors over the next 12 months . We really like the next 12 months . We really like the gas sectors, energy and lpg, it is the fuel of the future. Environment to lay friendly. A good demand story. Dry bulk is having the start of a recovery. We will see what is happening with demand, especially out of china. Supply of vessels has been decreasing. Limited orders in the last few years. What is problematic is the Offshore Sector, which i talked about, and the container sector. What about demand from the Asia Pacific Region . Is picking up to support the injury. Industry . We have seen a pickup in demand, especially in the oil and dry box sectors. But we have to look at the supply of vessels. Container and offshore will continue to affect the rates. In other news, a big merger in the fund industry. Uk fund manager, aberdeen money management, is merging with standard life. It will create one of the biggest Fund Managers overseeing assets worth 810 Billion Dollars us. They say it will slash costs and include job cuts. Fears of a Job Cutting Programme are increasing in the uk. Vauxall says it is paying 2. 3 billion to buy a General Motors european business. General motors european business. General motors european business. General motors will have no more business in europe. Shares in snap, the company which owns the popular messaging programme, snapchat, closed 12 lower overnight following the lower opening price from its first day of trading. It is the first day of trading. It is the first time its stock has dropped since the Company Listed on the New York Stock Exchange last week. Its. It follows advice from several a nalysts its. It follows advice from several analysts who suggested investors should sell amid strong competition from facebook and twitter. Have you bought any activewear recently . Not me. By that, i mean this. Oh, look at that. It looks really sassy and sexy. Yoga tights are worth 270 billion dollars. In a shredder, sales have grown to 6 in the last five years. Australia. It is even the aspect of a new study, as we report. It is the uniform of the ultra healthy, or at least those who would like to be. In sydney, bright tights and tank tops appear everywhere. It seems there is very little that cannot be done in activewear. You can work, exercise, meet for lunch, even go to a drinks party. Are you going to the gym . No. Activewear. Buying groceries in my activewear. It is such a phenomenon in australia that it spawned this viral video. Doing in australia that it spawned this viralvideo. Doing literally in australia that it spawned this viral video. Doing literally nothing in my activewear. And academic study looks at why the industry has grown, and where it goes from here. The Victoria University Research Suggests sales in australia will keep growing by over 20 in the next five years, driven, it says, by the desire to exercise any where and at any time. Consumer demand has not been met. Sport is notjust for guys. It has been driven by companies to seek out new markets and also driven by women themselves who are seeking better products and Retail Experience is. It is an opportunity this woman has grabbed. She has set up the website stylerunner after being frustrated by her own shopping experience. Now she wants to sell activewear to asia. I was annoyed because i wanted more fashionable activewear. I was doing yoga. When i realised no one was doing it, i thought i had to give it a chance. So i started a business and customers loved it from the get go. Huge success. We were growing 30 . According to the research, The Next Step is for the clothes to integrate Wearable Technology that can help count the kilometres. At the moment, the activewear boom shows no sign of slowing. Bbc news, sydney. And before we go, here is a look now at the markets. As you can see on the market boards, currently mixed in early tuesday trading. As for take cares shares, opening lower by investors being spooked by Political Uncertainty and cautioned by Usjobs Data Being released later this week. Tokyos. The Hang Seng Index up marginally by 0. 4 . Just like the all ords index. Us stocks finished lower with banks giving back some of their recent gains. Thank you so much for investing your time with us. Much for investing your time with us. Iam rico much for investing your time with us. I am rico hizon. Much for investing your time with us. Iam rico hizon. Sport much for investing your time with us. I am rico hizon. Sport today is coming up next. You are watching bbc news. Let us bring you up to date with our latest headlines. President trump has signed a revised travel ban against six mainly muslim countries, with some of the contentious aspects of the old order removed. A retired Police Officer in the philippines has admitted to killing nearly 200 people as part of a death squad under president duterte. A zoo in cumbria, where nearly 500 animals died within four years, has been ordered to close. The owner of south Lakes Safari Zoo where a tiger keeper was mauled to death in 2013 was refused a new licence to operate by the local authority. He now has four weeks to appeal against the decision, as our correspondent danny savage reports. South lake safari zoo. Conditions for some of the animals here have been so bad its now been ordered to close. The problem is animal welfare. An inspection in january found poor accommodation, uncontrolled breeding, and exotic animals living in unheated, rat infested conditions. Weve had reports from the public over many years that weve obviously chased up with the council with animals having head injuries, from feeding experiences where people have been absolutely disgusted at the state of them. Its just been an ongoing issue with animal welfare, really, and neglect for even the most basic needs. The zoo has been dogged with trouble for years. A keeper, 24 year old sarah mcclay, was killed by a tiger in 2013. Her brother believes it should have closed then. All the reports over the past week have said 500 animals died in the past four years. Its four years ago that sarah died. So if youd closed the zoo down after an employee had died them all this mistreatment of animals wouldnt have come out. I think it should have been closed down four years ago. It wasnt and now look whats happened to all those animals. The man refused a licence to run the zoo today is david gill, described by inspectors as being desperate to keep control here one way or another. And it was david gills attitude towards the number of Animal Deaths which concerned inspectors. They say he didnt seem to have a problem with it, and a keeper told the Inspection Team that their instructions were to dispose of bodies and not tell anyone about them. David gill says he no longer wants to operate the zoo but without his license the new company now running it cant function. So the site is now facing closure and the animals may need new homes. Danny savage, bbc news, south cumbria. Hello, this is sport today, live from the bbc sport centre. Coming up on this programme premier League Leaders chelsea take another step to the title, with a 2 1win at west ham. Chapecoense prepare for their First International match since the air disaster that devastated the brazilian club. And we talk to the man who believes canada can fall in love with rugby league. Hello and welcome to the programme, where we start with the news that chelsea have re established a ten point lead at the top of the english premier league, after a 2 1 victory away to west ham. Eden hazard and diego costa scored in the london derby, before manuel la nzinis injury time strike. Chelsea have made it seven League Matches since they last lost, as the blues continue their quest for a title in Antonio Contes first season at the club. We must think that we are able to ta ke we must think that we are able to take 26 points, to win this title. But it is important to see game by game,