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$43bn race to fix Jakarta’s choking traffic begins now

Bloomberg Muhammad Ridick would rather endure a back-breaking five hours of commuting on his motorbike each day than ride Jakarta’s public transport. “It’s very difficult to get a seat on a bus or train during rush hour,” said Ridick, 25, an employee at PT Telekomunikasi Indonesia, whose 80 kilometer round-trip journey to work and back means he often doesn’t reach ...

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China looks to buy soybeans from US

Bloomberg A week after US Agriculture Secretary Sonny Perdue said China pledged to buy more American soybeans, no sales have been done. While Chinese buyers returned to the market asking for offers, traders familiar with the process say no deals have been done. That’s a disappointment for American farmers looking to offload a bumper harvest that’s been piled in bags ...

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Malaysian plans for car of the future are flying high

Bloomberg Malaysia says it is trying to develop its first flying car, but it won’t let the general public drive it. Malaysia’s flying car will instead be developed for transport-service companies, Bernama news agency said, citing the country’s Entrepreneur Development Minister Muhammed Redzuan Yusof. Companies are queuing up for the vehicle, including Grab, which wants to use it as a ...

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