Commentary / World Sep 25, 2017

Counting what really counts in development

by Selim Jahan

Statistics, while useful, do not tell the entire story of development.

Business Sep 1, 2017

Mitsui Fudosan joins 58-story skyscraper project in Manhattan

Major real estate developer Mitsui Fudosan Co. said Friday it will join a project worth ¥400 billion to ¥450 billion to build a 58-story office building in Manhattan, New York. Through a U.S. unit, the firm will invest ¥360 billion to ¥400 billion in a ...

Asia Pacific Aug 12, 2017

Building project threatens Beatles statue in Mongolian capital

A statue of the Beatles erected in the Mongolian capital of Ulaanbaatar could be at risk amid an alleged land grab, protesters say, as rapid development turns a city once famed for wide open spaces into a cluttered metropolis. Residents are protesting against plans to ...

Commentary / Japan May 28, 2017

ADB faces many challenges ahead as it marks 50th year

by Eiji Kobayashi

The Asia Development Bank can't afford to rest on its laurels.

Asia Pacific May 14, 2017

China's Xi pledges $14.5 billion for 'Belt and Road' globalization initiative

President Xi Jinping laid the framework for Chinese-style globalization and his ambition to lead it in a speech inaugurating his cornerstone diplomatic initiative for a new Silk Road. Xi described the "Belt and Road" initiative as a "project of the century" before pledging an additional ...

Business Apr 16, 2017

Tears and cheers greet planned economic zone near Beijing

Business owner Hu Weibing weeps at the prospect of losing everything, including his home, after China's surprise announcement to transform a rural spot outside Beijing into a modern metropolis nearly three times the size of New York City. Hu's family run-clothing factory in the northern ...

Asia Pacific Apr 6, 2017

China may shelve controversial Myitsone dam in exchange for other interests in Myanmar

China has shifted its position in a lengthy dispute with Myanmar over the building of a $3.6 billion dam, seven sources said, signaling its willingness to abandon the project in exchange for other economic and strategic opportunities in Myanmar. Myanmar President Htin Kyaw will discuss ...

Business Oct 26, 2016

Ginza's newest shopping complex to open in April

by Kazuaki Nagata

Tokyo's Ginza district will see its newest and biggest commercial complex open next April as it seeks to attract more visitors by providing a luxurious and culture-rich experience, developers said Wednesday. With the growth of e-commerce, consumer behavior has been shifting, leaving traditional "shopping facilities ...

World Oct 23, 2016

How the world's slums are shaping their futures

by Paola Totaro

Residents of the world's slums are battling to carve out a place in the cities of the future. Home to 900 million people — nearly 1 in every 7 people — slums are emerging as a "dominant and distinct type of settlement" in the 21st ...

World Oct 21, 2016

Nations agree on global road map to steer breakneck urbanization

The United Nations formally adopted a global road map to grapple with rapid urbanization on Thursday, capping nearly two years of behind-the-scenes international negotiations aimed at designing development priorities for cities and towns over the long term. The New Urban Agenda, or NUA, sets out ...