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• Why is Indonesia facing a rare MSCI downgrade and what's at stake?

  Indonesia is facing a rare MSCI downgrade, marking the third time a market has been downgraded from emerging to standalone status since 1997. The Jakarta Composite fell 11.6% on October 16, wiping off $65 billion from its value, making it the largest one-day fall since the 1998 Asian financial crisis. This downgrade could trigger billions of dollars in foreign outflows, even as Indonesia pursues reforms aimed at improving market transparency and trading practices. The proposal, going further than MSCI's initial wa…

  9 min read
• Man charged with cheating friend out of $112,500 after learning he was a scam victim

  Police say the man, 43, spent 15 months claiming he could recover the losses but required several fees. He allegedly told his friend he could help recover the losses but needed to pay for legal, witness protection, and other administrative fees. The police warned the public to be wary of upfront payment requests and to verify any claims of scam recovery.

  2 min read
• Singapore’s core inflation eases to 2% in September on lower services, retail prices

  Singapore’s core inflation rate has stabilized at 2% year-on-year in September, marking a slight decrease from the previous month. This improvement is attributed to lower inflation in services, retail, and other goods, alongside a decline in private transport costs. Accommodation inflation rose to 0.9%, while food inflation increased to 2.4% due to higher prices in non-cooked food and food services. The authorities anticipate that imported inflation will ease in 2027, with core inflation and overall inflation expe…

  3 min read