The article said that the briefings were to reassure banks that Singapore can stay stable and neutral amid rising tensions between China and the West.
The article, which was written by FT’s Singapore and South-east Asia correspondent Mercedes Ruehl, said the briefings took place over six months between political office holders and representatives from the United States and European financial institutions including Citigroup and Standard Chartered, as well as some local banks.
“It is surprising that such a poorly sourced story, vainly searching for a point, could appear in a major paper like FT, especially after we had repeatedly clarified matters with the reporter, including telling her the briefings were not unusual,” she said. During the meetings, international developments such as the Russia-Ukraine war and the Israel-Hamas conflict as well as domestic issues ranging from the cost of living to the Budget, from education to housing policies, and also the ongoing money laundering cases, are discussed.
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