Temasek and GIC deny allegations of instigating Indonesian stock market collapse
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Temasek, GIC
Singapore / Indonesia
October 2026
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COMPAMIR Editorial Team
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Read our editorial policy- Earlier version 110/21/2026, 12:51:15 PM
Temasek and GIC rejected claims by a former Indonesian trade minister that they influenced MSCI to downgrade Indonesia. The allegations suggested the funds aimed to buy Indonesian assets at discounted prices. Both state-owned investors stated their investment decisions are based on fundamentals, not index classifications.
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