five terms and counting... bangladesh prime minister sheikh hasina has been re—elected. we look into the implications for the south asian economy. hello and welcome to asia business report. i'm steve lai. we begin in the us where the aviation regulator has said boeing jets fitted with the same panel as the one which blew off a new seven three seven max nine during a flight on friday will remain grounded until deemed safe to fly. it's not as severe a move as the grounding of all max—family jets worldwide nearly five years ago following a pair of fatal crashes. but, with hundreds of flights cancelled in the us over the weekend, it's yet another reputational blow for the aviation giant. for more on what this means for boeing and the wider industry we're joined by aviation analyst alex macheras.

the immense reputation damage that boeing has continued to suffer with the boeing 37 max is been a costly programme for them. all eyes will be on the markets on monday —— 737. of course this incident with alaska airlines happen on friday evening, it has been the talk notjust of the industry but of the world because a 737 max became a household name when it was grounded for almost two years here we're again with the grounding of 171 max nine aircraft for the largest in the us but in countries including panama, turkey and mexico. some reputational _ panama, turkey and mexico. some reputational damage. _ panama, turkey and mexico. some reputational damage. what - panama, turkey and mexico. some reputational damage. what are - reputational damage. what are the financial implications for boeing having its planes grounded?— boeing having its planes rounded? ., g; grounded? for boeing the 737 max, grounded? for boeing the 737 max. jude _ grounded? for boeing the 737 max, jude brings _ grounded? for boeing the 737 max, jude brings occurred - grounded? for boeing the 737 max, jude brings occurred at i max, jude brings occurred at the same time. on one side it is the best selling for boeing. it's a bestseller and airlines are continuing to place orders for thejet and secure are continuing to place orders for the jet and secure some great deals, especially in the aftermath of all of that

suffering when the aircraft was grounded for two years. on the other side, grounded for two years. on the otherside, it's grounded for two years. on the other side, it's incredibly costly. we have had damning reports that show that boeing "failed with its relationship with the federal aviation regulator and a lack of oversight contributing to those two accidents. "if you cast your mind back a few years ago, while it's been working hard to reassure markets and to reassure markets and to reassure the flying public that the 737 max is now categorically a safe aircraft, incidents such as what happened on friday are certainly not going to help. we're still in these first 48 hours it will be really interesting to see where we're by the end of monday in terms of more of a global reaction to this grounding the faa clearly not wanting to appearas faa clearly not wanting to appear as anything but very cautious. bangladesh prime minister sheikh hasina secured her fourth consecutive term in office at the country's general election on sunday.

she has been credited for transforming the south asian economy into one of the world's fastest—growing markets. but in recent months, there have been protests over the rising cost of living. a weakening currency also meant bangladesh is struggling to pay for energy imports, transacted in us dollars. that's led to the country requesting for a bailout from the international monetary fund. for a closer look at what lies ahead for bangladesh, let's speak to economics author jyoti rahman. in bangladesh his case even the election was boycotted by the opposition and the count was very low, in the interim the election has added to uncertainty. more progress, more strikes will bear be actions by partners who had wanted to see a free and fair election? this adds to the uncertainty. depending on how those things play out in the

interim, economic could slow. because investment could slow. on the other hand, if those uncertainties are resolved fairly quickly then as has been the case in the past and is usually the case elsewhere elections are followed by a bit of economic recovery for the resolution of those uncertainties, this is wanting to watch. the other thing to watch in the interim is you mentioned, external sector. currency depreciating, bills need to be paid in us dollars, social events is still dependent on sort of affected by global food prices and so on. those issues will come to play as we head into summer. so the next few months will be crucial.

we're also watching two crucial elections later this year, in the us and the uk. the cost of living — and what this means for economic growth and jobs — is a large concern at both polls. our correspondents from new york and london, sent these reports. presidentjoe biden has a problem. multiple polls show he's losing the economic messaging, donovan trump is most likely opponent in the presidential election. it's hurting is standing with voters in key battleground states that will determine the outcome of the presidential election —— donald trump. the problem is inflation. americans are upset about high cost that are going back to pre—pandemic levels. yet this comes at a time when data shows that the american economy is getting stronger. growth is solid, unemployment is low, inflation has dropped to three from a peak of nine part 1%. in the country central bank at tears down with interest rate hikes, even writing cuts next year for the

one democratic poster told me there are things what else can do to close the gap between perception and reality. like focusing on kitchen table economics and drawing a contrast between the qquu candidates wants the republican presidential nominee is confirmed. as long as american voters filled horrible loaded joe biden doesn't seem able to benefit politically from the economy. as the new year don's people here in the uk as well as policymakers are also thinking about a looming election and the economy is going to be front and centre. for inflation is falling but it remains almost as twice as the bank of england started, which means interest rates here might not fall quite as soon or as quickly as in other major economies. but the 14 hikes already in the system are making their mark on the economy. growth is pretty stagnant. looking ahead for the next couple of years it's

next couple of years its expected to remain so. back to put more pressure on households. there are signs that employers are curbing they are hiring plans as those higher borrowing costs bite as well. thousands ofjobs could go. it's against that backdrop that politicians will start to think about their promises to the electorate. if growth had performed in recent years in the uk as it has elsewhere household could be thousands of pounds better off. so how to turbo boost prosperity will be a major as we look towards the next election. lots to look forward to in 2020 for. lots to look forward to in 2020 for. in addition to bangladesh, which we mentioned earlier, it's a busy election year in asia as well. voters in taiwan head to the polls on saturday. next month, the attention is on indonesia. and general elections are on the cards in india, between april and may. on a programming note, we'll bring you the preview of these polls tomorrow,

on asia business report. elections and currencies — how are they related? our next guest says the impact of politics on foreign exchange rates could be one to watch in the weeks ahead. to find out how and why, let's bring in linjing leong from asset management firm, columbia threadneedle investments. taiwan is interesting. the biggest impact and politics would have if we get a case where the dpp, the presidency and the parliamentary majority then the likelihood of a bit more noise around geopolitical, the taiwan dollar. on the flip side the uncertainty of who's gonna win at the moment is the kmt hold, the parliament then a reduction of noise into the geopolitical events for that we could also get something at the end. parliament, unfortunately, it tends to be a president. so on that front that will

probably be where we're getting geopolitics as election comes through as well and will continue for the update you got the over all, which candidate in indonesia come through. regardless of which president comes through a lot of their reform has already been done. and it's all good economic reform at the moment and that will likely continue. not much reaction in the current. then india where the general majority expects president modi to win again. and i think that's probably the best bet at the moment. pulls out today, polling will continue. that will be the biggest shock is, if they do lose and upa and the imd a party takes charge then you will see much bigger

action. sharing her thoughts on currencies and the impact of elections we will be seen throughout asia. apart from the taiwan elections at the weekend, a few other economic data points are also on our radar in the coming days. we're due to get trade data for philippines and australia this week. and the cost of borrowing in south korea is something we'll also be looking out for. that decision from the bank of korea is due on thursday. and rounding off the week — inflation data from the world's second largest economy — china. certainly lots on our radar here on asia business report. inc. you for watching. bye for now. bbc news— bringing you different stories from across the uk for the purposes supermarket or a corner shop, it's a church converted into

what's known as a warm space. that's when we were removing all the darkness. this one was set up last year. the original plan, to help people cope with the biggest rise in prices in 70 years. b, the biggest rise in prices in 70 yew-— the biggest rise in prices in 70 ears. �* , ., ., ., . the biggest rise in prices in 70 ., ., . , 70 years. a year on not much is chance. 70 years. a year on not much is change- as _ 70 years. a year on not much is change. as far _ 70 years. a year on not much is change. as far as _ change. as far as cost—of—living is concerned, even people, low—income families at such a squeeze at the moment.— families at such a squeeze at the moment. far from being a side of desperation _ the moment. far from being a side of desperation this - the moment. far from being a side of desperation this place | side of desperation this place has become a beacon of hope for those that live nearby. there are almost 300 of these spaces out across the capital. what they do is usually start off as a response to something like the cost—of—living crisis. what they really become is the hub of the local community. people came because _ of the local community. people came because they _ of the local community. people came because they were - of the local community. people | came because they were looking for warmth. that was the idea. they— for warmth. that was the idea. they would be able to turn on the heating at home so the cave for the _ the heating at home so the cave for the heating.— for the heating. often they sta ed for the heating. often they stayed for _ for the heating. often they stayed for the _ for the heating. often they stayed for the meeting. i for the heating. often they i stayed for the meeting. when for the heating. often they - stayed for the meeting. when we look at the news or see the cost—of—living crisis as it is there is so much to be so not optimistic about. if you come

here on a thursday afternoon and you give out hot chocolate to someone or you receive something or a chat with someone, one of your neighbours, you will see so much hope. neighbours, you will see so much hepe-_ neighbours, you will see so much hope. for more stores across the — much hope. for more stores across the uk _ much hope. for more stores across the uk head - much hope. for more stores across the uk head to - much hope. for more stores across the uk head to the i much hope. for more stores i across the uk head to the bbc news website. at home with o'reillys. a new

scheme is providing two nights meal. figs scheme is providing two nights meal. �* , scheme is providing two nights meal. a , , scheme is providing two nights meal. , scheme is providing two nights meal. a , meal. as you send bags of food home with _ meal. as you send bags of food home with the _ meal. as you send bags of food home with the children - meal. as you send bags of food home with the children on - meal. as you send bags of food home with the children on a - home with the children on a friday then we can make up a meal with the kids and help prepare the food. it meal with the kids and help prepare the food.— prepare the food. it gets us all together _ prepare the food. it gets us all together as _ prepare the food. it gets us all together as a _ prepare the food. it gets us all together as a family - all together as a family cooking. the local authority is advising participants to use an artificial intelligent app for the college is the ingredients to in two receive suggestions. using ingredients from the warehouse in newcastle. we've not a warehouse in newcastle. we've got a huge _ warehouse in newcastle. we've got a huge variety _ warehouse in newcastle. we've got a huge variety of _ warehouse in newcastle. we've got a huge variety of food, - got a huge variety of food, frozen food, we never know what we get together. much of it we got out of landfill size for the by us rescuing it we can then sort it out and redistribute it. ., ., ., , redistribute it. from warehouse to nursery _ redistribute it. from warehouse to nursery to — redistribute it. from warehouse to nursery to hear. _ redistribute it. from warehouse to nursery to hear. i _ redistribute it. from warehouse to nursery to hear. i used - redistribute it. from warehouse to nursery to hear. i used to - to nursery to hear. i used to rive to nursery to hear. i used to give ideas — to nursery to hear. i used to give ideas of _ to nursery to hear. i used to give ideas of different - to nursery to hear. i used to give ideas of different ideas| give ideas of different ideas to cook, _ give ideas of different ideas to cook, get the kids involved. just new— to cook, get the kids involved. just new ideas for new recipes as welt — just new ideas for new recipes as well. the app is great in that— as well. the app is great in that if— as well. the app is great in that if you've got lots of

random _ that if you've got lots of random things house, you don't know_ random things house, you don't know what— random things house, you don't know what to make him a put it all in _ know what to make him a put it all in the — know what to make him a put it all in the applicant you great ideas — all in the applicant you great ideas |_ all in the applicant you great ideas. ~ . all in the applicant you great ideas. ~' . ., ., ideas. i like fried rice. food that would _ ideas. i like fried rice. food that would have _ ideas. i like fried rice. food that would have gone - ideas. i like fried rice. food that would have gone to - ideas. i like fried rice. food i that would have gone to waste is being put to good use. for more stories from across the uk head to the bbc news website. hello and welcome to sportsday — i'm olly foster, here's what's coming up on the show... it's a knockout blow for arsenal. liverpool ride their luck at emirates but they're into 4th round of the fa cup. there's a huge blow for chelsea women and australia as star striker sam kerr picks up a serious knee injury. and no australian open for rafael nadal — he's had to pull out of the first grand slam of the year with another hip injury.

hello there, we'll start with the fa cup 3rd round, there were 8 more ties on sunday and the competition's most successful side, the 14 time winners arsenal are out. they had the best of the chances against the premier league leaders liverpool but lost 2—nil here's our sports correspondent andy swiss. unfamiliar shirts for a very familiar rivalry. liverpool in purple, arsenal in white, and the gunners were so nearly in front. reiss nelson with the first of a string of early chances for the hosts, but crucially they couldn't take them. martin odegaard came closest, but still not close enough. and liverpool nearly made them pay, as trent alexander—arnold rattled the bar. plenty of drama, but no goals at the break. after it, more of the same.

arsenal's domination matched only by their frustration.