He noted Singapore's vested interest in the continued stability and prosperity of Indonesia.
\n\nPhotos from dinopattidjalal/Instagram and m.lutfi/Instagram
\n\nIndonesia's former deputy foreign minister has pushed back against accusations that GIC and Temasek were behind a stock market rout in the Southeast Asian archipelago.
\n\nIn an Oct. 22 video posted on Instagram, Dino Patti Djalal did not name Ex-Indonesian trade minister Muhammad Lutfi specifically, but addressed the latter's allegations that Singapore was conspiring to cripple Indonesia's capital markets.
\n\nLutfi had previously accused the two Singaporean institutions of pressuring MSCI, a global index provider, to downgrade Indonesia’s market status and devalue Indonesian shares, allowing them to purchase assets cheaply
\n\nIn the video, Dino Patti described Singapore as a country with "goodwill, trust, and a proven track record of cooperation with Indonesia."
\n\nHe pointed out instances where Singapore came to Indonesia's aid, such as in the 2004 Indian Ocean tsunami disaster or the Covid-19 pandemic, or through various partnerships regarding investment and education.
\n\nSingapore has also made several investments to develop parts of Indonesia, such as the Batam-Bintan-Karimun Free Trade Zone or the Kendal Special Economic Zone in Java.
\n\nHe noted that Singapore has a vital interest in the economic and political stability…
Original source: https://mothership.sg/
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