Steadfastly committed to the city of triple toe. Gibraltar. Chinese president Xijinping Heads to the us. We preview his meeting with donald trump and other Key Market Events of this week. And bubble, toil and trouble. Is beijing becoming too expensive for its residents to buy a home . Welcome to Asia Business report live from singapore with me, mariko oi. We have a packed show and week ahead of us. Line and ministers and Central Bank Governors from the association of Southeast Asian nations art meeting in the philippines. On tuesday, we have surely as central bank expected to meet and probably keep Borrowing Costs on hold and then on thursday and friday, chinese president xi jinping meets us President Donald Trump in florida. Earlier, i spoke with the chief Investment Officer with the chief Investment Officer with the chief Investment Officer with the bank of singapore. I started by asking what we can expect from the mac you to meeting. Started by asking what we can expect from the mac you to meetinglj started by asking what we can expect from the mac you to meeting. I dont think we are expecting too much. Asean. Lots of things might get discussed. Some statement in support of global free discussed. Some statement in support of Globalfree Trade discussed. Some statement in support of global free trade that not much more than that. And i cant have broke the news only that the reserve bank on australia meeting on tuesday but not expecting to do anything either . The Bank Of Australia has been discounted as doing very little for quite sometime. I think the fundamentals are moving their way slowly but i think they will be patient through the rest of the year, possibly. And the most interesting agenda for many this week will be the meeting between the chinese and us president s. What are we expecting . We sought Donald Trumps leading to Executive Orders on friday kind of targeting china even though he says he is not. Are we expecting some kind of frictions oi we expecting some kind of frictions orare we expecting some kind of frictions or are we expecting a deal . we expecting some kind of frictions or are we expecting a deal . I think it is too early for a deal. I think mrtrump has it is too early for a deal. I think mr trump has made various promises. He has certainly lost out on healthcare so getting tough on china is probably in line with his thinking. There is some risk that it gets verily robust between him and china fairly. Certainly a initially. Maybe push for a deal a little bit later. Certainly, it might be on the all arming side. And when the japanese Prime Minister west they are, the two leaders played golf but this time we are not expecting that . Certainly not but lots of talk. There has been talk of conflict of interest. China has been a Guess Working Favourably to the trump organisation. If that likely to have any kind of impact . There has certainly been an effort by the chinese to position themselves into the vacuum but they believe mrjohn to live in, certainly in their asian region. Mrtrump. That to live in, certainly in their asian region. Mr trump. That is the risk he is running. It is a risk to his policy to give the ground to china. It is not our view. The chinese are probably going to be in a position to get in there. At a at the same time, we expecting it mr trump to be tough. It will be a tricky end to the week. Mix that in with the numbers on friday, an interesting week for markets. All of this week, we are looking at the property show in this region. We experiencing a boom, bust or a bubble . Today we start in China Warehousing has become somewhat unaffordable. Where jhousing. It is start of the evening rush hour in beijing. These young people are pouring out of the towers above and into the subway below. In their millions, they willjoin the commute to the outer suburbs. There is no way that most young people here could afford to buy a flat downtown. In fact, its hard to imagine how most of them could ever afford to buy a Property Anywhere in this city. It is true, there are plenty of cities in the world where property is expensive. Sydney, paris, singapore, it you name it. Here, the flats might cost just singapore, it you name it. Here, the flats might costjust as much about peoples salaries could be half or even less. So, who is buying property here . The government is trying to rein in this explosion by limiting access to credit in the hope that chinas Young Workers may one day be able to buy a place of their own. In other Business News making headlines, toshiba is down by more than 7 at this hour on reports that it may miss its earnings yet again. It is now expected it shares will be demoted to the second section of the tokyos Stock Exchange in august. Staying with japan, Business Confidence has improved and amongst its big manufacturers, according to the bank of japans closely watched survey. The Headline Index for many manufacturers sentiment stood at plus 12 in march compared with plus ten in the previous survey. Japan has a officially recognised Digital Currency bit coin as a formal method of payment but there are strict rules. Companies need permission to use a bit coin and must have at least 100,000 in backup cash. Earlier i spoke to toby from ten x. I asked him earlier i spoke to toby from ten x. Iasked him how earlier i spoke to toby from ten x. I asked him how significant the move is. Quite significant. Japan is one of the biggest retail of ex markets. It allows big players for example gm oh which is the biggest broker to come into this market. I would say for 2017, Bitcoin At Option is interesting to watch. Will it be popular especially since it would be quite expensive . Because of the new regulation, there are stricter regulatory requirements. As well as it requires companies to apply for licences. That however has not stopped companies to enter this market. What about the reputation issue because of the collapse of a Company Making a huge news headlines. As it recovered . M collapsed in 2014. It has at this time left a lot of mistrust and uncertainty in relation to bitcoin. Because of big institutions entering the market with Strategic Investments or announcements of going really into it, i think we now have a market in combination with the regulation that allows for a lot more safety for the end consumer to trade as well is use bitcoin as a means of payment. I guess the big question among players is whether it will be subject to consumption tax. What is your view on that . The new regulation allows for buying and selling of bitcoin to be strictly can set exempt of consumption tax. That said, games or profits from trading are still liable to Capital Gains tax. And briefly, to expect any other countries to follow . That is an interesting point. I guess if we see this current trend of really profitable industry growing further injapan then other countries will follow suit. That show you the markets before we go. It is the first day of the Second Quarter but not too exciting. The nikkei is up byjust 1. 0 . 0. 1 . In the us, wall street ended the First Quarter in the red. That is it for this version of Asia Business report. Thank you for watching. You are watching bbc news. The headlines. In colombia, headroom in colombia, hundreds of Rescue Workers and troops are continuing are continuing to dig for survivors of landslides that have killed more than 200 people including dozens of children. Australias four year long Inquiry Into Sexual Abuse By Catholic Priests draws to a close. Tributes have been paid to the civil rights campaigner darcus howe who has died at the age of seventy four. The writer and broadcaster campaigned for black rights and against racism for more than 50 years. Our correspondent Elaine Dunkley looks back at his life. In the fight against Police Brutality and racism, heroes of a struggle were born. Darcus howe, a prominent figure in the British Black panther movement. In the 19705, he was arrested, charged with inciting a riot with a group of activists protesting about Police Harassment at the Mangrove Restaurant in notting hill. It was a completely non event. Until you looked around and saw 600 police. And we thought, hell, whats this . At the trial, all nine were cleared. The mangrove nine became a landmark case, exposing heavy handed Police Tactics towards the black community. In 1981, darcus howe organised a 20,000 strong black peoples day of action in protest over the Police Handling of the investigation into the new cross fire in which 13 black teenagers died. Darcus was a fearless warrior. He helped to establish a tradition of black Self Organisation to tackle racial oppression. Darcus howe, At Times Controversial and confrontational. You are not a stranger to riots yourself, i understand, are you . Following the london riots in 2011, there was this heated exchange. I have never ta ken part in a single riot. I have been on demonstrations that ended up in a conflict. And have some respect for an Old West Indian negro and stop accusing me of being a rioter. At the commonwealth institute, an Art Exhibition is on show. As well as an activist, he was a well known broadcaster and writer. Always formidable and fearless. For more than 50 years, darcus howe was at the forefront of the fight against racism. Time now for all the sports news in sport today. See you soon. Hello, there. Im Tulsen Tollett and this is sport today, live from the bbc sport centre. Coming up on this programme hello, there. Im Tulsen Tollett and this is sport today, live from the bbc sport centre. Coming up on this programme Roger Federer claims the miami masters title for the third time after a straight sets victory over rafael nadal. Arsenal go behind twice at home to Manchester City but escape with a 2 2 draw. And pakistan secure a seven wicket victory over the west indies to win their series 3 1. Hello there, and welcome to the programme, where we start with the tennis news that Roger Federer has beaten rafael nadal in straight sets to claim his Third Miami Masters Title and first since 2006. Watching wasjeremy betts. And the miami heat, it is advisable to stay cool under pressure. Roger federer was able to do just that against his old nemesis, rafael nadal. Federer had waited 11 years to reclaim the title, and was in no mood to wait any longer. A break in the spaniards serve in the first that was all he needed to take it mandatory. Playing in his final without having won at,
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