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Indonesia steers cautious rates path amid ‘market rout’

Bloomberg Indonesia’s central bank, one of the most aggressive interest rate hikers in Asia last year, is taking its time to lower rates. Even with the US Federal Reserve signalling it may ease soon and peers including India, the Philippines and Malaysia already cutting, Bank Indonesia is worried about scaring off foreign investors if it moves too much or too ...

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Aircraft regulators to join forces to restore 737 Max to service

Bloomberg Four of the world’s leading aircraft regulators have agreed in principle to coordinate in restoring Boeing Co’s 737 Max to service once they’re confident that technical updates and new training meet safety standards. The tentative pact is an attempt to avoid the fractious approach taken in grounding the jet after two deadly crashes, people familiar with the discussions said. ...

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Beijing’s new int’l airport completed, opens in September

Bloomberg Beijing’s second international airport has been completed — and it’s expected to become one of the world’s busiest. Designed to take the pressure off the overcrowded Beijing Capital International Airport, the new site south of the city will be able to handle 72 million passengers a year by 2025, and 100 million by 2040. Combined, the two airports will ...

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