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Development asian news

Pakistan's rooftop solar boom shines spotlight on power crisis - asia.nikkei.com - Pakistan - city Islamabad

Pakistan's rooftop solar boom shines spotlight on power crisis

ISLAMABAD -- Srinagar Highway offers a sun-drenched, 25-kilometer straight shot from Islamabad's international airport to the center of Pakistan's capital. It also affords a clear view of how increasing numbers of citizens are reacting to frequent power cuts and bloated electricity bills: Rooftops on buildings lining the route are covered in solar panels.

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Increasingly popular ‘parametric insurance’ helps farmers and others hit hard by extreme weather - apnews.com - Philippines - Luxembourg - county Cooper

Increasingly popular ‘parametric insurance’ helps farmers and others hit hard by extreme weather

MINDANAO, Philippines (AP) — Joemar Flores, a spindly 28-year-old, gestured across his family’s farmland, nestled between a steep hill and a river, and expressed gratitude for the rice paddies in the distance.

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Jeff Cox - A new index is using AI tools to measure U.S. economic growth in a broader way - cnbc.com - Usa

A new index is using AI tools to measure U.S. economic growth in a broader way

Measuring the strength of the sprawling U.S. economy is no easy task, so one firm is sending artificial intelligence in to do the job.

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Business Insider - Forest City, Malaysia’s China-backed US$100 billion ghost town, becomes set for Netflix shows - scmp.com - China - Usa - Malaysia - Singapore - South Korea - Germany - Austria - county Forest - city Kuala Lumpur

Forest City, Malaysia’s China-backed US$100 billion ghost town, becomes set for Netflix shows

Malaysia’s US$100 billion China-backed ghost city was meant to house 700,000 people. After few people moved in, developers tried in vain to make it into a tourist hub.

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ECHO WONG and KENJI KAWASE - Nikkei staff writers - China Vanke 'deeply apologizes' for $1bn loss - asia.nikkei.com - China - Hong Kong

China Vanke 'deeply apologizes' for $1bn loss

HONG KONG -- State-affiliated property developer China Vanke is expecting a net loss of as much as 9 billion yuan ($1.24 billion) in the first six months of 2024 as falling prices for new homes hit its margin.

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Jessie Yeung - One of the world’s richest men wants to transform India’s biggest slum - edition.cnn.com - India - city Mumbai, India

One of the world’s richest men wants to transform India’s biggest slum

A view of the Dharavi slum in Mumbai, India, on April 14, 2024 Mumbai, India CNN —

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The Star - UK election: Malaysian PM Anwar congratulates Labour Party’s Starmer on landslide win - scmp.com - Malaysia - Britain

UK election: Malaysian PM Anwar congratulates Labour Party’s Starmer on landslide win

“I look forward to working with Starmer and his team to develop a new strategic relationship, built on inclusivity, equality, mutual respect, people-to-people connection and a shared vision for the future,” he wrote on Facebook on Friday.

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AMY CHEW - Indonesia gets ‘wake-up call’ to step up sustainability efforts in nickel industry - scmp.com - France - China - Usa - Indonesia - Germany - county Bay - province Maluku

Indonesia gets ‘wake-up call’ to step up sustainability efforts in nickel industry

In a rare admission, Indonesia’s government acknowledged on Friday the need to address sustainability in its nickel industry after German chemical giant BASF and French miner Eramet cancelled a US$2.6 billion nickel-cobalt refining complex project in the mineral-rich country.

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