Singapore hits back over claims it rigged Indonesiaโs stock market crash
Singaporeโs state investor Temasek has denied involvement in Indonesiaโs looming MSCI reclassification, following accusations that the city stateโs sovereign wealth funds were pulling strings behind the scenes for their own gain. On Wednesday, Fock Wai Hoong, head of Asia-Pacific at Temasek Global Investments, said the claims had โno basisโ and were โpatently untrueโ. Former Indonesian trade minister Muhammad Lutfi on Monday claimed that Singaporeโs sovereign wealth funds, Temasek and GIC, were...