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The Latest Breaking News from BIS

Yuan jumps to fifth most traded currency

The Chinese yuan has leaped over the Australian, Canadian and Swiss currencies to become the fifth most traded currency in the world, according to the Bank for International Settlements (BIS).

Bangkok Post

Secretive chip startup may help Huawei circumvent US sanctions

When the US government blacklisted Huawei Technologies Co. as a national security threat, it cut the Chinese company off from buying American semiconductors and other critical technologies. Now Huawei may have a path around those restrictions.

Tribune News Service

US to move $3.5bn in Afghan assets to Swiss-based trust

Housed in the Bank for International Settlements, new Afghan Fund will be managed by a board of trustees, the US says

Al Jazeera

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U.S. to move $3.5 billion in Afghan central bank assets to Swiss-based trust

The United States on Wednesday announced that it would transfer $3.5 billion in Afghan central bank assets into a new Swiss-based trust fund that will be shielded from the Taliban and used to help stabilize Afghanistan's collapsed economy.

Reuters

BIS banking on CBD products for animals

Cannabis and hemp-derived cannabidiol (CBD) has the potential to boost the pet care business, following the first-ever development of new CBD-based products for animals in Thailand, says Bioscience Animal Health Plc (BIS), an animal drug and vaccine provider.

Bangkok Post

Alan Kohler: The hubris of central bankers and the limits of money

Once again central banks, including Philip Lowe’s Reserve Bank, have kept extreme monetary policies in place for too long

The New Daily

India’s only BIS-certified flag-making unit trumped by polyester flags

Khadi Sanghas have planned a symbolic protest on July 27 against amendments to the Flag Code

The Hindu

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Make-in-India impact: Toy imports drop by 70%, exports up 61%

NEW DELHI: Make-in-India initiative of Prime Minister Narendra Modi's government has yielded positive results for the toy sector in the country with imports down by 70 per cent while 61 per cent surge in exports in the last three years, the government data showed on Tuesday.

The Times of India

Scots indie music legends Bis set for stage at Ayr United

The night at Cameron's Bar will see cult favourites Bis perform some of their biggest hits.

Daily Record

Alan Kohler: A recession we don’t have to have is coming, and it will be the RBA’s fault

The RBA has turned on a sixpence, from smiling benignly and welcoming some inflation to sprouting horns and bringing on a recession we didn't have to have.

The New Daily

1970s-style stagflation now playing on central bankers' minds

“Stagflation” is an ugly word for an ugly situation – the unpleasant combination of economic stagnation and inflation.

The Conversation

Small and medium-sized firms struggling with ‘a hat-trick of hurt’

Rising fuel costs, higher wages and the surging price of imported goods and raw materials are forcing a ‘change of behaviour’

The Guardian - UK

A sector with an agenda

The 2022 meetings of the Apec Business Advisory Council (Abac), which highlights the bio-, circular and green (BCG) economic model, are prompting Thailand to gear up for advanced technologies and environmentally friendly businesses.

Bangkok Post

Amendment to Flag Code has khadi activists upset

Khadi Sanghas, activists write to PM and HM on the move to allow non-khadi material for national flag

The Hindu

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The Times of India

Niti Aayog unveils draft battery swapping policy, backs fiscal incentives and interoperability

NEW DELHI: The GST Council may consider reducing the differential across the tax rates for Lithium-ion batteries and Electric Vehicle Supply Equipment (EVSE) which are at 18% and 5%, the draft battery swapping policy has proposed among a raft of recommendations to give a fresh boost to adoption of electric…

The Times of India

BIS opens doors of AHCs for testing un-hallmarked jewelleries

NEW DELHI: Now consumers can get the purity test done for their un-hallmarked jewelleries at any Assaying and Hallmarking Centres (AHCs) across the country, which have been recognised by the Bureau of Indian Standards (BIS).

Caixin Global

China Green Bulletin: China’s Energy Intensity Dropped 3.8% in 2021

BIS to launch Asia green bond fund for central banks, leading lenders disclose details of emission reduction loans

The Hindu

BIS raids transformer maker at Aluva

KOCHI

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The Hindu

BIS scales up regulation of gold hallmarking

On an average, 150 market samples are taken from jewellers for quality checks

The Hindu

Toy shops raided by BIS

A search and seizure raid was conducted by Bureau of Indian Standards (BIS) at Toy Kingdom and Just For U outlets at City Center Mall in Banjara Hills and at Hamleys in PVR Next Galleria Mall, Punjagu

The Times of India

BIS officials seize 317 toys without ISI mark in Hyderabad

HYDERABAD: Officials of the Bureau of Indian Standards conducted searches in the city and seized 317 electric and non-electric toys without ISI mark.

The Times of India

Pandemic-affected toy market in Kolkata in turmoil over raids by quality watchdog

KOLKATA: Search and seizure operations at toy stores in malls by quality control agency Bureau of Indian Standards (BIS) in the past couple of days has spread panic among toy retailers in the city.

The Hindu

BIS to step up vigil on quality of toys

Manufacturers were given sufficient time to dispose old stock

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