China tests central bank digital currency use to settle trades via ‘bridge’ with partners including Hong Kong, Thailand and UAE

The People’s Bank of China participated in the trial from Aug 15 to Sept 23, testing use of digital currencies on four sides of platform. The trial period handled more than 160 cross-border payments and foreign exchange transactions totalling over 150mil yuan (RM96.86mil). Read full storyContinue Reading

India can live with a US-Pakistan makeover

US State Department spokesman Ned Price has chided Indian External Affairs Minister Subrahmanyam Jaishankar as regards the latter’s remarks last Sunday questioning the raison d’être of the US-Pakistan relationship. Yet some national dailies in India have rushed to attribute it to the US displeasure over New Delhi’s stance on the conflict in Ukraine. One daily rather […]

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Still rotten at the top of graft-ridden Indonesia

JAKARTA – Indonesians have been given yet another reminder that corruption remains a drag on the country’s economy with a Supreme Court justice and the gambling-addicted governor of Papua under investigation for allegedly taking bribes and stealing from the public purse. Transparency International’s 2021 Corruption Perception Index ranks Indonesia 96th out of 180 ranked countries, a […]

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7,400 tickets issued for smoking in prohibited areas in first half of 2022; enforcement action at newly banned sites to begin Oct 1

SINGAPORE: About 7,400 tickets were issued for smoking in prohibited areas in the first of half of 2022, as enforcement actions against those smoking at newly banned places are set to begin from Saturday (Oct 1). In 2021, more than 13,000 tickets were issued for smoking in prohibited areas. At the time,Continue Reading