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The DFTZ is just one example of Malaysia’s participation in Belt and Road. Prime Minister Najib Razak has agreed to several rail projects and a deep-sea port that could see his country rival Singapore as a transshipment hub. The Muslim-majority nation was the fourth most attractive destination for Chinese overseas direct investment in 2017, according
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“Graduate students would be paying significantly more,” Kantrowitz said. Pell Grants would be expanded to cover short-term, training programs. The Public Service Loan Forgiveness Program is eliminated in the proposed budget. This program allows former students who fulfill certain public service positions — such as public school teachers or health researchers — to have their
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George Waldman | Bloomberg | Getty Images Ford Ranger pickup trucks are seen at a dealership in Detroit, January 20, 2006. Ford and U.S. safety regulators are telling the owners of 33,428 Ranger pickup trucks in North America not to drive them because they have Takata air bag inflators “that are an immediate risk to
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The Equifax data breach exposed more of consumers’ personal information than the company first disclosed last year, according to documents given to lawmakers. The credit reporting company announced in September that the personal information of 145.5 million consumers had been compromised in a data breach. It originally said that the information accessed included names, Social
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But the blockchain technology still has some significant kinks to work out, according to technology experts in the financial advisory industry. Aaron Klein, CEO of Riskalyze, a technology company that helps advisors assess clients’ risk tolerance, said he is “long-term optimistic, short-term pessimistic on blockchain.” “Here is the challenge with blockchain today: It is handling
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Ceilidh Gao, an attorney at the National Employment Law Center, said she expects employers to try to advertise the new tax benefits of being an independent contractor to potential or current employees. “It saves employers money,” Gao said. “They’re able to shift costs on to the worker.” Indeed, benefits account for more than 30 percent
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Technologically advanced and social media-connected financial advisors are what Gen X and millennial clients want. So says a study from Global X, which found that strong technological capabilities would make it more likely for 93 percent of millennials and 71 percent of Gen X investors to work with an advisor. Advisors have been successfully attracting
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Speculative cryptocurrency investors are negatively impacting on experimentation with the nascent technology, an executive at Singapore’s central bank said Monday. Sopnendu Mohanty, chief fintech officer of the Monetary Authority of Singapore (MAS), told CNBC that he did not want speculative investing in the digital currency space to “destroy the experimental value of cryptocurrency.” MAS is
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Egypt’s economy has been in crisis since the years following the Arab Spring, as domestic turmoil, terrorist attacks and an exploding population have hit valuable sectors like tourism and hurt the public sector’s ability to provide jobs and traditional benefits. In 2016, the IMF agreed to a three-year, $12 billion bailout program to support the
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