Singapore Pushes towards Digital Monetary Gifts on Lunar New Year

Gifting hongbao, a red packet of lucky money, the traditional way. (Reuters)
Gifting hongbao, a red packet of lucky money, the traditional way. (Reuters)
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Singapore Pushes towards Digital Monetary Gifts on Lunar New Year

Gifting hongbao, a red packet of lucky money, the traditional way. (Reuters)
Gifting hongbao, a red packet of lucky money, the traditional way. (Reuters)

During the Lunar New Year celebrations, most Singaporeans exchange monetary gifts, known as hongbao, which come in the form of new banknotes placed in red envelopes. However, the central bank of Singapore seeks to replace this popular tradition with an eco-friendly one by encouraging people to give digital gifts instead of the traditional banknotes.

The step aims to reduce queues in banks and emissions generated by printing millions of new banknotes for this occasion, the German news agency reported.

According to Bloomberg, Singapore's tradition of gifting new bank notes during the Lunar New Year celebrations generates the same level of emissions as charging 5.7 million smart-phones for five days.

"Those who want to give physical notes during the celebrations that start February 12, except people aged 60 and above and people with disabilities, will have to make online reservations through five banks to collect them. New notes can be withdrawn without bookings at automatic-teller machines run by DBS Group Holdings," the Monetary Authority of Singapore (MAS) said in a statement on Monday.

Singapore, where most of the 5.7 million population is of Chinese descent, celebrates the Lunar New Year with people giving crisp new bank notes in red packets and companies competing with elaborate packaging. The production of the new notes for the festival generates about 330 tons of carbon emissions each year, according to the MAS.

"The coming Lunar New Year offers an opportunity to spread the benefits of e-gifting, and to forge new traditions with our families and friends. E-gifting helps reduce the queues at banks, and also helps to reduce the carbon emissions," MAS assistant managing director Bernard Wee said in the statement.



UK Farm Swaps Milk for Cow Cuddles

Visitor Jess Tinton embraces a cow during a "Cow Cuddling" experience at Dumble Farm in Arram, Britain, June 17, 2025. REUTERS/Phil Noble
Visitor Jess Tinton embraces a cow during a "Cow Cuddling" experience at Dumble Farm in Arram, Britain, June 17, 2025. REUTERS/Phil Noble
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UK Farm Swaps Milk for Cow Cuddles

Visitor Jess Tinton embraces a cow during a "Cow Cuddling" experience at Dumble Farm in Arram, Britain, June 17, 2025. REUTERS/Phil Noble
Visitor Jess Tinton embraces a cow during a "Cow Cuddling" experience at Dumble Farm in Arram, Britain, June 17, 2025. REUTERS/Phil Noble

Years of floods and low food prices have driven a dairy farm in England's northeast to stop milking its cows and instead charge visitors to cuddle them.

Dumble Farm started as a dairy farm in the 1970s, but in recent years flooding washed out crops and killed off the type of grass the cows like to eat, while milk prices below cost of production proved an insurmountable challenge, Reuters reported.

"The amount of flooding and the pressures on our land were just making it unsustainable for us to carry on," said Fiona Wilson, co-owner of the farm.

Agriculture is one of the sectors worst-affected by climate change, with farmers in Europe and elsewhere suffering under increasing heat, drought and flooding.

In 2022, Dumble Farm sold all but a few of its dairy cows and, in a scramble to reinvent itself, began offering "cow cuddling" experiences to fund a wildlife conservation scheme.

For 95 pounds ($127.80), visitors can cuddle, brush and stroke the cows as they lie down on a straw-covered enclosure inside a barn. The experience includes a safari to see Highland cattle.

"It's been so worth it, just to get so close to the cows, and they are so loving and gentle," guest Emma Hutton, 25, said after she spent some time cuddling one of the cows.

It took over a year to train the cows to feel comfortable with cuddling, but now the animals have fully adjusted, farmer James McCune said.

"They like being pampered. They are like big dogs... It's more of a spa day for the cows," McCune said. The farm uses the proceeds to create habitats to protect wildlife and support declining species, such as lapwing birds.

"It's great that we can fund the conservation scheme by having visitors to the farm, and that's really the bigger picture," Wilson said.