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

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