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Business

China details pension overhaul to bridge urban-rural divide

BEIJING: China has released details of a pension scheme reform that seeks to decrease urban-rural economic divisions before 2020, state media reported on Wednesday, part of an overhaul that encourages labour mobility but does not address deeper problems in the system.

Economy

China urban jobless rate falls to 4.04%

China created 10.7 million jobs in cities in the first nine months, reducing the urban jobless rate to 4.04% at the end of September from 4.1% three months earlier, the country's labour ministry said on Friday.

Business

Plugging the gaps in urban renewal

Urban renewal is necessary if cities are to thrive. When cities thrive, the country progresses. From Penang to Ipoh, Kuala Lumpur to Johor Baru, the major cities in Malaysia are heading towards urban renewal. It is not unique to Malaysia.

Business

S’pore urban planners building reputations abroad

SINGAPORE: He started as an urban planner with the Urban Redevelopment Authority (URA) in 1991. But Leow Kim Guan, 49, had designs on more than Singapore. He now has his own booming company, building whole cities in China.

Corporate News

Ireka goes into urban transportation business

PETALING JAYA: Construction firm Ireka Corp Bhd is venturing into urban transportation with the signing of a memorandum of understanding (MoU) with CRRC Urban Traffic Co Ltd (CRRC UT), a unit of CRRC Corp Ltd, and STO Express Co Ltd, to establish a collaborative working relationship between them.

Business

Japan property stocks slide on Urban collapse

Investors dumped stocks in Japanese property and builders yesterday after developer Urban Corp failed in the biggest collapse by a listed Japanese company in six years, which fanned fears others might follow.

Economy

10 facts about fast urban growth on World Cities Day

LONDON: As the world sees the biggest wave of urban growth in history, with millions of people flocking to the fast-growing cities of the developing world, cities are coming under the spotlight as never before. How do cities cater for their new residents? What makes a city unique, and what makes it liveable?

Construction

Ampang LRT extension reflects govt commitment to improve urban transport

KUALA LUMPUR: New Light Rail Transit (LRT) routes in the Klang Valley set to take off this year will be a boon to commuters and a testament to the government's continued commitment to improve urban transportation.

Business

Innovation can’t fix urban transport woes

LONDON: Urban transportation is undergoing a revolution. Offerings such as Uber and Lyft, as well as car- and bike-sharing services are widely believed to reduce congestion and generally make urban dwellers more mobile; driverless cars are expected to provide further benefits. Yet the notion that these innovations always make things better is far from a given: The new services are a net good only if they complement traditional public transportation systems rather than compete with them.

Business

Redefining urban housing development

KUALA LUMPUR: Perbadanan PR1MA Malaysia (PR1MA) is upbeat that its proposed transit-oriented housing projects will be a game changer in transforming urban public housing development.