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tv   Asia Business Report  BBC News  September 19, 2023 1:30am-1:46am BST

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- jakarta. are toccata's buses. —jakarta. are lowered welcome to asia business support, report. we begin with day four of that strike in the us that is affecting some of the country's largest car manufacturers. negotiations between the united auto workers and the detroit three automakers are ongoing. 12,700 uaw workers have now joined the industrial action affecting general motors, forward as well as the land to. on monday the uaw held talks with the lantus although no deal could be arrived with but it had scheduled a new round of talks with foord for later in the day. a short while back on the day. a short while back on the programme i spoke to the asia editor of automotive news and he told me what is at stake for the sector as well as for the us economy.— for the sector as well as for the us economy. well, i mean it is a dicey — the us economy. well, i mean it is a dicey situation _ the us economy. well, i mean it is a dicey situation for _ the us economy. well, i mean it is a dicey situation for the - is a dicey situation for the united states that is a huge sector of the economy that is
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at play here. there is no real common ground yet found between the labour and the management. the labour is asking for a wage increase of about 36%. the management has offered about 20%. so there is a big gap between the two sides. the labour unions have thrown out some almost fantastical wants such as a return to a normal pension system and even four day work week. these are kind of real outliers there in the global industry that would take the unionised american workers into the kind of uncharted territory. ii into the kind of uncharted territory-— territory. if you bring and aaent territory. if you bring and agent perspective, - territory. if you bring and agent perspective, whatl territory. if you bring and i agent perspective, what are territory. if you bring and - agent perspective, what are the things that have been done differently here for you to make any comparisons? 0ut we drove those comparisons as a strike lays out? for background, - strike lays out? for background, what l strike lays out? for i background, what you strike lays out? for - background, what you are strike lays out? igrr' background, what you are seeing in the united states is an unprecedented strike against all three american automakers
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at the same time. meanwhile, in japan, for example, you would barely ever see a strike. i don't think in my time working here since the early to thousands have we ever seen a strike at any of the carmakers here. by contrast, you see more of a collegial or cooperative approach to the annual wage negotiations so that there is more give and take in both the labour and management see their fate as intertwined as opposed to confrontational. but are there any lessons that can be learned and what are the aspects that are working well for instance by the japanese auto industry? for the japanese auto industry? for the japanese auto industry, i think they are facing some of the same pressures. you saw this year for example was a reaction to spiralling inflation. there was on the automakers to give some of their biggest raises in decades. toyota gave its biggest race in two decades to its workers. honda gave its
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biggest race in three decades to its workers. both i request put forward by the workers and accepted upfront by the management and there was no major conflict or confrontation about that. that said, honda for example accepted a 5% increase what is believed to be about a 5% increase in pay and that contrast with what the uaw is asking for in the united states which is about 36%. you can see how the expectations are a bit more modest injapan. but there are some signs that the labour disputes between auto industry workers and carmakers are spreading beyond the us borders doctor mckenna few hours, ford motor could face another strike and this time in canada. that is when a contract between foord and a union around 5000 — 6000 canadian auto workers is likely to expired. the unit has warned
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that the increasing likelihood of a strike — among other demands is better pay and an improved pension system. staying with the auto industry, let's focus on electric vehicle.— let's focus on electric vehicle. ~ . ., ., vehicle. what china may hold the headlines _ vehicle. what china may hold the headlines when _ vehicle. what china may hold the headlines when it - vehicle. what china may hold the headlines when it comes| vehicle. what china may hold l the headlines when it comes to evs there is another country trying to take the lead and thatis trying to take the lead and that is indonesia. 0ne trying to take the lead and that is indonesia. one of the south—east asian nation's most powerfulfamily south—east asian nation's most powerful family conglomerates with big interest in mining, oil and gas is now looking to get in on the act by electrifying toccata's public bus system. asia business corresponded picked up at the chief executive of buckley and brothers on a recent visit to singapore. brothers on a recent visit to singapore-— brothers on a recent visit to sin..aore.,n, . . ., w , singapore. jakarta alone makes about 10.000 _ singapore. jakarta alone makes about 10,000 buses _ singapore. jakarta alone makes about 10,000 buses which - singapore. jakarta alone makes about 10,000 buses which is i about 10,000 buses which is quite a large number, especially compared to a lot of other cities in the world, including for example london. but for us, to start with, the first batch of buses about 52 of them it has already made a
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significant impact but we want to go from 52 buses to later on 10,000 buses. and jakarta is very committed to making it happen by 2035 so we were very much supportive. not only do we want to provide these buses but we want to make these buses in indonesia. we want to make these buses in indonesia-— we want to make these buses in indonesia. ~ . .,~ , ., , ., indonesia. what makes indonesia such an attractive _ indonesia. what makes indonesia such an attractive place _ indonesia. what makes indonesia such an attractive place then - such an attractive place then to make electric vehicles were we like to say that below the ground we the critical minerals, whether that is nickel, cobalt, copper, zinc oxide. �* ., ., oxide. but above the ground we have this renewable _ oxide. but above the ground we have this renewable energy - have this renewable energy grid. about 500 kilowatts of that. it can be anything from inaudible also tidal, solar, wind, hydro. all of them can come into play to process the critical minerals. so you can imagine you have a product that is for electrification but processed
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in a way that is green power. i think it will be quite exciting. how will you sell this to ordinary indonesians because they might see this as western companies boring big money in an big indonesian bosses making lots of money out of it. how will it benefit the ordinary indonesian? , if indonesian was to grow from 11000 indonesian was to grow from 4000 per n 25,000 in a little less than 25 years that the only thing is industrialisation. but these days industrialisation alone is not enough. you have to do green revolution. you will then have more people in indonesia and about half of them are millennials and they are really concerned about sustainability, especially not only from protecting the environment, which come to their livelihood being in the global south. archipelago, high temperature, high humidity, but also because they actually believe that this is the way to go for indonesia.
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so the head of the international monetary fund is promised that the imf will stay in its lean after claims by the us treasury that it should rain in its ambition is to try to tackle an ever widening range of global challenges. speaking to the bbc, she said that demoting the global financial stability would always be its core mission but that climate change was becoming a big factor in trying to deliver that mission.— that mission. repetitive climate shocks - that mission. repetitive climate shocks cannot i that mission. repetitive - climate shocks cannot exclude how countries integrate climate policies and their fiscal policy, in their monetary policy, in their monetary policy, in the financial policy. this is our lane and i give you my word we would not step out of it. how we help countries in fiscal policy to encourage faster decarbonisation, eliminate harmful substances, put the price on carbon, if you could.
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and how we help countries identify climate related financial stability risks and help their financial system to be strong against these risks. how do they build buffers? what should the insurance sector look like? these are topics straight in the mandate of the imf and i want to say to you, to everybody who listens, to us treasury, we only do what we are good at. there are other institutions — the world bank is fantastic — that can lead on sectorial issues, on the investment side, on climate finance. we do what we are good at. sound policies for prosperity, growth and employment.— prosperity, growth and emlo ment. . ., employment. little change with us stocks are _ employment. little change with us stocks are a _ employment. little change with us stocks are a closed - employment. little change with us stocks are a closed on - us stocks are a closed on monday as investors looked ahead to the federal reserve decision that we have been looking ahead to. what exception was the maven, i9
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vaccine manufacturers which saw their shares fall after the last projection for how many americans are looking to get a shot this year. north american business corresponded with the very latest from new york. gone other days when americans could not wait to get a shot in their arms document only around 24% of the us population. that is some 80 to million people are expected to get a covid—i9 shot this year. that is a projection from pfizer cfo david denton at a conference on monday. mr denton also noted that around 50% of eligible americans get a flu shot. that is nearly double his estimate for the covid vaccine. shows are vaccine makers fell in response to that forecast with pfizer jot makers fell in response to that forecast with pfizerjot down more than 5% of moderna down more than 5% of moderna down more than 5% of moderna down more than 80%. pfizer has said is it looking for ways to cut costs if demand keeps falling. memo the us is kick do except to kick off its fall vaccine programme after the us food and drug administration announced
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updated vaccines from pfizer biotech and madonna. this is not the first time the public has been reluctant to get a covid booster shot. when offered last according to federal data. that is just about 70% of the population. that is stephan of this edition of asia business report. thank you for watching and do stay on for bbc news. voice-over: bbc news, bringing you different stories from across the uk. now it is a race against time to stop it being flooded by the sea. it is want of the first point is that birds actually come across on their migration. the first bit of land they see so they want to come here and get a rest, feed, drink. storms
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move the shingle bank and blocked it so now along this line they plan to build a new drain further line they plan to build a new drainfurther inland. line they plan to build a new drain further inland. if we move the new cup in the fight on hundred 50 yards that we're doing we should be able to protect the freshwater habitat here from ceylon surge document for hopefully up to the next hundred years. inaudible bernard bishop was born here for more than 40 years. never thou~ht for more than 40 years. never thought i _ for more than 40 years. never thought i would _ for more than 40 years. never thought i would see _ for more than 40 years. never thought i would see this - for more than 40 years. never thought i would see this being | thought i would see this being done. ., thought i would see this being done. . ., , ., done. the wildlife and habitat would have — done. the wildlife and habitat would have been _ done. the wildlife and habitat would have been lost - done. the wildlife and habitat would have been lost without| would have been lost without the funding from the environment agency and donation. element we have freshwater, brackish and sailor marty, we want to keep that because it is the most diverse habitat we could have along this stretch of coastline. for more stories from across the uk, head to the bbc news website. hi, i'm alice with the
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cat cap. first up russell brand's live tour has been postponed after allegations of sexual assault by four women. a documentary over the weekend contains stories from different women about his behaviour. department of investigation between channel 4, the times in the sunday times. russell brand denies all the allegations. the bbc has spoken to one of the women from the documentary notice alice. she claims russell brand assaulted her when she was 16 and still at school. this was her reaction to his denial.— to his denial. first of all, i think it — to his denial. first of all, i think it is _ to his denial. first of all, i think it is insulting. - to his denial. first of all, i think it is insulting. it - to his denial. first of all, i think it is insulting. it is l think it is insulting. it is laughable that he would even imply that this is some kind of mainstream media conspiracy. since the weekend, more women have come forward with stories about things they claim russell brand did. the met police say they have received a report about an alleged report in soho, central london in 2000
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three. if you have been affected by any of this you can visit with bbc actual line website for help and support. some other stories now. parts of england have experienced significant flooding in the last 48 hours. the coast at... was badly affected. it's holiday resort was forced to close. at the ropley world cup, fiji versus australia defeated australia for the third time in history. it was fiji's first ever be world cup win over the wallaby. time now — ten seconds of rescuing robots. found a passport by firefighters tackling a building blaze. but the crew help them on the way. you are all caught up. goodbye for now! free speech is
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meaningless unless you allow people you don't like to say things you don't like.- things you don't like. after winning. — things you don't like. after winning, the _ things you don't like. after winning, the people - things you don't like. after winning, the people were i things you don't like. after. winning, the people were so proud and it was so intense. hello and welcome to sportsday. i'm betty glover. promoted burnley get their first premier league point of the season by drawing with nottingham forest. newcastle's two—decade—long wait is nearly over. we look ahead to this week's return of the champions league.
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and, how dan evans' davis cup performance can inspire britain to more tennis success. hello and welcome to sportsday. we'll start with the premier league, and burnley have got their first point of the season, after drawing 1—1 with nottingham forest. vincent kompanys side opened the scoring through zeki amdouni's 20—yard strike in the first half before callum hudson—0doi got the equaliser on his debut for forest. it wasn't without its drama though — burnley�*s lyle foster had a goal disallowed for handball which would've put them back in the lead, before being sent off in stoppage time with a straight red. this result means burnley stay in the relegation zone, while forest move out of the bottom half of the table
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and up to 8th.

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