Former operations manager charged with collecting kickbacks from migrant workers

SINGAPORE: A former operations manager of a conservancy company was charged on Thursday (Sep 29) for allegedly collecting kickbacks from migrant workers as a condition for their employment or renewal of their work passes. Ho Chiak Hock Derrick, who was working for Lian Cheng Contracting, is accused of demanding close to S$400,000 fromContinue Reading

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