Banks, MAS urge switch to e-hongbao

Singapore

POPPING open a bright-red hongbao and pulling out crisp new bank notes has been a traditional Chinese New Year (CNY) experience for many people across Singapore, but that's due to change this year.

As Phase 3 of Singapore's reopening remains in effect, groups will need to limit themselves to eight people for social gatherings, or eight visitors to a household at a time.