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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 ...

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. ...

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 ...

Bloomberg South Africa’s Bidvest Group Ltd won court approval to sell its holding in Mumbai International Airport to a third party, dealing a blow to majority holder GVK Power & Infrastructure Ltd’s bid to increase its ownership. The ruling allowed unit Bid Services Division (Mauritius) Ltd to divest its 13.5 percent stake, dismissing GVK’s effort to exercise its right of ...

Bloomberg More than a fifth of all European flights were delayed in May despite the introduction of measures aimed at preventing disruptions that wreaked havoc on travel during last year’s busy summer season. Monthly data from regional air traffic authority Eurocontrol show 22.1 percent of flights were delayed compared with 24.5 percent the same month last year, according to a ...

Bloomberg Shiseido Co is making it easier for customers to benefit from — and pay for — perfect skin. For 10,000 yen ($92) a month, subscribers will be able to access the Japanese cosmetics maker’s custom-designed skincare service, called Optune. Using a smartphone app that analyses skin and a dispenser with five serum-and-lotion cartridges, Shiseido says its product will deliver ...

ABU DHABI / WAM A senior official announced a commitment to a new solar project in Abu Dhabi that is expected to set a new record. “I am excited to announce a new 2 gigawatt (GW) solar project in Al Dhafra region in Abu Dhabi. This will eclipse the record-breaking 1GW Noor Abu Dhabi Plant,” said Dr Thani bin Ahmed ...

Bloomberg DP World Plc is in “very advanced” discussions to acquire Topaz Energy & Marine Plc in what would be the Dubai-based company’s first venture into the oil and gas sector. The world’s largest port operator also said in a statement that there is no certainty of a transaction. Sky News reported earlier that a $1.3 billion deal could be ...

SHARJAH / WAM Dana Gas has announced that it received payments of $48 million (AED177 million) from its operations in Egypt in June. These collections comprise $38 million in payments from the government (of which $30 million as Dana Gas’ share of the industry payment) and $10 million from the sale of the second El Wastani condensate shipment in 2019. ...

ABU DHABI / WAM Abu Dhabi National Exhibitions Company (Adnec) has received the International Association of Convention Centres’ (AIPC) Innovation Award for its new innovative meeting space, ‘The Hive’. Adnec won the industry recognition following stiff competition from seven leading international venues across seven countries including Australia, Finland, South Africa, Canada, Germany, Singapore and Russia. The Hive, the first of ...