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Singapore hits back over claims it rigged Indonesia’s stock market crash
Singapore’s state investor Temasek has denied involvement in Indonesia’s looming MSCI reclassification, following accusations that the city state’s 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 “no basis” and were “patently untrue”. Former Indonesian trade minister Muhammad Lutfi on Monday claimed that Singapore’s sovereign wealth funds, Temasek and GIC,...
Former Hungarian Central Bank Governor Gyorg Matolcsy Detained
Former Hungarian Central Bank Governor Detained, Report Says Former Hungarian central bank Governor Gyorgy Matolcsy was detained early on Wednesday, Telex reported, citing his lawyer Pal Batki. Matolcsy, long a close associate of former Prime Minister Viktor Orban, was governor for 12 years until 2025. During his tenure, the bank became mired in scandals involving diversion of public money and self-enrichment by members of Matolcsy’s immediate family.
Surging fuel prices push UK inflation rate to 3.5% ahead of Budget
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Singapore travellers can now use DBS PayLah! in Taiwan
Singapore travellers can now use DBS PayLah! in Taiwan PayLah! users will now be able to scan to pay at more than 250,000 participating merchants in Taiwan. SINGAPORE: Singapore travellers can now use DBS PayLah! to pay at over 250,000 participating merchants across Taiwan, starting on Wednesday (Oct 21).