Global banks fear China will limit JV control through new rules
Western banks are seeking clarification from China's securities watchdog on proposals to allow them to take over their onshore securities ventures, amid concerns about high asset value requirements and limits to ownership by non-financial investors.
The market for small satellites in low Earth orbit is expanding faster than the gas in a thruster nozzle, and Vector aims to be the go-to launch platform for companies looking to put a bird in the air on short notice. The company just raised a $70 million B round and aims to take its first payload into space early next year.
KUALA LUMPUR (Oct 18): Economist Dr Mohammed Abdul Khalid said the move made by the government to reduce the income gap is a right step forward.
Speaking to reporters at the sidelines after the forum "End Poverty Day 2018: Piecing Together The Poverty Puzzle", Dr Mohammed said everyone should be given equal opportunity to "move up the social mobility".
"This is not a matter of economic growth, but those countries with high inequality, wide gap, usually would not recover faster when there's [a] crisis nor sustainable in the long run.