DBS Bank has rolled out additional measures to reduce long queues at its pop-up ATMs for new dollar notes ahead of Chinese New Year. These include putting up end-queue signage to cap the numbers, deploying on-site safety ambassadors to enforce safe management measures, and updating the estimated waiting times for the various locations on Google... » read more
SINGAPORE – With Chinese New Year around the corner, the “hong baos” – or red packets – traditionally exchanged during this period are on the minds of many Singaporeans. While hong baos are usually given hand-to-hand, it has become common practice in China for relatives to send each other e-hong baos via messaging app WeChat.... » read more
SINGAPORE – The Monetary Authority of Singapore (MAS) will stop issuing the $1,000 note from January next year to minimise the money laundering and terrorism financing risks associated with such a large denomination. From now till January, the MAS will also limit the quantity of $1,000 notes issued each month, although banks can continue recirculating the... » read more