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Singapore puts off decision on ‘whether to buy Lockheed’s F-35’

  Bloomberg Singapore has put on hold a decision to buy as many as 12 of Lockheed Martin Corp.’s F-35 jets, according to information from the Pentagon’s program office. The island nation’s permanent secretary of defense development informed the US in mid-June that it was delaying final steps toward purchasing four of the fighters by about 2022, with an option ...

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Gap shares drop as store traffic comes down

  Bloomberg Gap Inc., the biggest US apparel-focused retailer, fell in late trading after posting July comparable sales that missed analysts’ estimates and indicated that foot traffic at its stores might not improve as much as expected later in the year. Same-store sales — a key benchmark — dropped 4 percent in July, the San Francisco-based retailer said in a ...

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New terminal for Indonesian capital’s crowded airport

  Jakarta/ AFP The main airport serving the Indonesian capital Jakarta has opened a new terminal that will allow the overcrowded aviation hub to handle tens of millions more passengers a year. Air passenger numbers are soaring in Indonesia, the world’s biggest archipelago nation and Southeast Asia’s top economy, as a growing middle class increasingly chooses to fly but ageing ...

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