the battle for global economic dominance. we travel to indonesia for a front row seat to the intensifying rivalry between china and the united states. plus, a great day for boeing at the opening of the dubai airshow. we'll have the latest deals from one of aviation�*s most exciting events. hello and welcome to asia business report. i'm monica miller. we begin with a meeting between the us presidentjoe biden and his indonesian counterpart, joko widodo. the two leaders are preparing for an asia pacific economic cooperation summit in san francisco. with the us and china locked in a battle for global economic dominance, plenty of countries

are paying close attention to what it might mean for them. widodo�*s indonesia is no exception. from jakarta, our asia business correspondent, nick marsh, reports this is a country on the move. super high—speed rail has come to indonesia. whoosh was built by chinese engineers and financed with chinese loans. once upon a time indonesia's largest trading partner was the united states. that train has left the station. now, it is china. they were given the nod to build this over america's ally and the master train makers, japan. this train is notjust the testament to chinese engineering, the fact it was chosen overjapan�*s offer is a vote of confidence in china. the truth is that countries like indonesia are hungry

for infrastructure and china is more than happy to provide it. but china cannot provide everything. this is boeing's brand—new office injakarta. presidentjoko and i started meeting when he was governor... the relationship goes back a long way. indonesia is wary of the chinese military power and when it comes to defence, it still turns to old friends buying commercial and military hardware. american companies including boeing get that this region nestled next to china and india, two huge markets that americans and boeing care about deeply. indonesia matters and indonesia is an incredible market today, but we see the future is even brighter. ask young people, though, they will tell you that their future lies with china. these students injakarta

are learning mandarin. translation: china is our neighbour - and it is progressing fast. i think china will be a very powerful country in the future, so i think it makes sense to learn chinese. china is also streets ahead when it comes to electric vehicles. and in the one of the world's most polluted cities, indonesians are betting on beijing. "our sales have been amazing," this car dealer told me. "there are people in indonesia that would "never imagine they would be able to own an electric vehicle "but we can offer value for money." the world that longed for american brands and products is changing. now the aspirational lifestyle is increasingly made in china. nick marsh, bbc news, jakarta. now to another southeast asian nation, malaysia, which last week said

it will maintain ties with hamas and will not punish the group. the comments from the country's leader anwar ibrahim were in response to a proposal by us lawmakers to sanction hamas�*s foreign supporters. a malaysian delegation, led by mranwar, is in san francisco to attend the annual apec summit. earlier i spoke to the country's trade and investment minister zafrul aziz who is at the summit. i started by asking him whether he expected kuala lumpur�*s stance on gaza to have an impact on its relationaship with washington. malaysia has always been consistent with our stance on the palestinian war. ernie wall increased geopolitical risk. it will further damage the stability of the global economy and therefore we are monitoring the situation closely. we do not believe in violence or aggression and we do not

believe it will have any effect, but the us continues to be a major trader and investor as well to malaysia. from malaysia, what are the priorities to get out of this apec meeting? what are you hoping to achieve? we want to focus on areas where malaysia can play a part in. we want to focus especially on digital and green trade and investments and we hope that apec, with its 21—member economies, home to more than 2.95 billion people, representing 62% of the world's gdp, can help our country and the region to do better economically. a lot of companies are looking to move their supply chains outside of china, notjust because of the geopolitical tensions, but also because of the some things that have happened during covid. malaysia is one of those potential places. have you seen a lot of businesses interested in moving their supply chains away from the mainland to your country?

us companies in china and other companies in china are looking at realigning their supply chain as they are looking at supply chain resiliency. so asean, you are right, is a net beneficiary, i'm not sure how long it will remain open pilaster for example the global mbi was down and last year was up by 5%, so malaysia, we have seen the numbers in the first quarter investments go up 60% and that is partly to do with many companies realigning their supply chain. the crisis hit island nation of sri lanka is this would have us at target of $8.7 billion or just over 90% of gdp —— black 9%. just over 9096 of gdp -- black 996. ., �* , ., ., , 996. that's more than requested but international _ 996. that's more than requested but international monetary - 996. that's more than requested but international monetary fund under its bail up programme. business correspondent archana shukla joins us from one by.

glad to have you. this seems ambitious for sri lanka. will it achieve its goals? it ambitious for sri lanka. will it achieve its goals?- it achieve its goals? it does certainly — it achieve its goals? it does certainly seem _ it achieve its goals? it does certainly seem ambitious i certainly seem ambitious because the finance minister is struggling to balance two things. one is meeting conditions under the imf bailout package were keeping an eye on revenue and the budget deficit is very crucial but at the same time he has tried to also keep an eye on the upcoming presidential elections in 2024 and maintain his public good. if you look at the budget that's been announced, it targets exceptionally high revenue targets, all of which, and the largest share coming from mostly taxes there would be levying on goods and services, they presented a 47% increase in tax revenues for 2024 which most analysts say is very ambitious. critically at a

time when the government's approval ratings has fallen from 23% injune to 9% in october according to a local research in colombo. that shows that the overemphasis on tax revenues for something that could be tricky for the government. on the expenditure side if we look at it, a large part of it, almost 50%, will go to repay debt. some of the principal amount and some interest payments to sovereign bond funds but the government has also kept the second largest expenditure element on increasing salaries for government servants as well as on some of the welfare schemes and we know that this is with and we know that this is with an eye on the upcoming elections in 2024. archana shukla, thank _ elections in 2024. archana shukla, thank you - elections in 2024. archana shukla, thank you for - elections in 2024. archana shukla, thank you for that | shukla, thank you for that update. boeing shares have ended the session more than 4% higher. the plane maker had a stellar

first day at the dubai airshow, as emirates and sister airline flydubai secured 125 boeing wide bodyjets at the opening of the event. our middle east business correspondent, sameer hashmi, has more. there has been an action—packed day at the opening of the dubai airshow with some major aircraft deals announced. the big one coming from emirates which has signed in agreement with boeing to purchase 90 777x jets for a deal worth $52 billion. this is a big boost for boeing because it's 777x jet programme has been beset by ongoing delays and delivery is only expected by 2025. but emirates were not the only one to go shopping. low—cost carrier flydubai has announced it will be purchasing some dreamliners, while turkey placed an orderfor 45 maxjets and is looking to add another 45 over the next few years. more deals are expected to be announced during the course

of the airshow. the two main reasons why airlines are in a rush to place these major orders — the first, a lot of them were looking to replace their ageing fleet but couldn't do do that to covid—i9 and have embarked on those plans now. and the second is, of the two largest plane makers, boeing and airbus have been struggling to meet delivery timelines due to a huge backlog. it is a key reason why airlines are worried if they do not place orders now, they could push back expansion plans in years to come. that is what we could expect some more big orders during the course of the next few days. sameer hashmi, bbc news, dubai. we'll keep a look at the orders coming in. that's all we have for this edition of asia business report. i am monica miller. keep up—to—date on our website. thanks for watching.

voice-over: bbc news, - bringing you different stories from across the uk. it may look like a trip to the science museum, but believe it or not, this is gatwick. it's a new centre with hands—on experiments with the hope of inspiring schoolchildren to considerjobs in stem. otherwise known as science, technology, engineering and maths. fundamentally, it is about our future pipeline of talent. we're hoping that they might be — some of them might be the workforce for the future with gatwick. featuring a mock—up runway lighting rig, among this group, many were keen to see the opportunities on offer. when i grow up, i want to be an engineer. i think something to do with electronics, something to do with biotechnology, something to do with stem. when i'm older, i want to be an aircraft carrier designer. i want to make plane that can

hold about 8,000 people that is a kilometre long. when i grow up, i want to be an engineer. - i love the idea - of creating planes and making them go faster. so i think it - would be really cool to build a plane and. then have the chance to go on it yourself. the specially adapted space will be here for a year as part of a pilot and will get feedback from schools and students with the aim of attracting a host of new and enthusiastic talent to the airport's workforce. voice-over: for more - stories from across the uk, head to the bbc news website. hi. i'm eddie with the catch up. tonight — electric motor bikes being used illegally, benefit changes and an escaped emu. but first, there's been some changes in who's running the country. as prime minister rishi sunak reshuffled his top team. first up, former prime minister david cameron is back in a move that took everyone by surprise.

he was in charge between 2010 and 2016 and is now responsible for the uk's foreign relations. it's all after the minister in charge of security and immigration, suella braverman, was sacked after comments about policing of the marches against the war in gaza. james cleverly, who had been foreign secretary, has replaced her. some other stories now. electric motorbikes may be increasingly popular, but police want more powers to stop anti—social behaviour and dangerous riding. the bbc has been out with officers in bristol, seeing a rise in illegal use. big benefit changes could be on the way from 2025 for people who can't find work because of health issues. the bbc found the proposals, which may save £4 billion, could see many more people forced to find work despite living with physical and mental health conditions. and in football, cole palmer, ezri, konsa and rico lewis have been called up to the england squad

for the first time ahead of upcoming euro 2024 qualifiers. time now to leave you with 10 seconds of an escaped emu, after the bird was caught on camera on the front doorstep of a house on a street in suburban kent. good news though, he was safely returned home. you're all caught up. bye now.

hello there, and welcome to sportsday. i'm will perry, here's what's coming up: a final farewell to a footballing great: thousands line the streets for the funeral of manchester united and england legend, sir bobby charlton. carlos alcaraz is beaten on his atp finals debut, as alexander zverev fights back to win in turin. and, we hearfrom england's managing director rob key, as their dismal defence of the cricket world cup comes to an end.