Singapore state investors GIC and Temasek have denied allegations that they or their staff pressured index provider MSCI to consider downgrading Indonesia’s stock market classification.

The denials follow accusations on Tuesday (Oct 20) by former Indonesian trade minister Muhammad Lutfi that the two investors had coerced MSCI to consider downgrading Indonesia.

The former minister claimed that a downgrade could trigger market panic and create opportunities to acquire Indonesian equities at lower prices.

A GIC spokesperson said: “Our investment decisions are...

Singapore’s leading English language news provider for the Indian community - tabla! - celebrated 18 years in publication by partnering with the Singapore Indian Chamber of Commerce and Industry (SICCI) to launch the tabla! Leadership Exchange Series on Wednesday evening (Oct 21).

The inaugural session focused on strengthening Singapore-India trade and bilateral relations and was graced by Ms Gan Siow Huang, Minister of State, Ministry of Foreign Affairs & Ministry of Energy, Trade and Industry. She also participated as a...

Another jeweller has claimed its spot on the iconic Serangoon Road stretch in Little India.

This time, it is Bhima Gold – a subsidiary of the B. Krishnan Group or Karnataka regional arm of the well-known South Indian Bhima Group, which founded heritage brand Bhima Jewellers in 1925 – in its first expansion beyond India and the United Arab Emirates.

The brand is known for its Kerala-style designs such as the mulla mottu and aradhana necklaces that encapsulate jasmine buds...

Singapore’s Central Provident Fund (CPF) has retained its A rating for a second consecutive year in the Marsh CFA Institute Global Pension Index.

CPF was the first pension system in Asia to secure an A grade, with its overall score rising from 80.8 to 82. It was given a B+ grade in 2024.

In 2026, Australia’s social security system also achieved an A rating, meaning the Asia-Pacific region now has two top-tier retirement systems. Other countries that earned the top...

Conglomerate Reliance Industries’ digital arm launched its potentially record-breaking IPO Wednesday, testing billionaire owner Mr Mukesh Ambani’s ambitions after a turbulent year marked by energy conflicts and clashes with Elon Musk.

Jio Platforms, home to the country’s biggest wireless operator, is looking to raise up to U$3.2 billion (S$4.1 billion) in what is likely to be the country’s biggest-ever listing.

Retail investors have until Friday to participate in the offering, with shares priced between Rs1,065 – Rs1,119 (S$14.37 - S$15.09)...