Singapore government briefings for international banks not 'unusual' as asserted in FT article: Indranee

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Singapore Parliament News

Indranee Rajah,Louis Chua

In an Apr 20 article, the Financial Times reported that Singapore had given international banks an "unusual series of top-level briefings on geopolitics".

SINGAPORE: Minister in the Prime Minister's Office Indranee Rajah on Tuesday refuted a Financial Times report that had characterised government meetings with top international banks as"unusual".

In a written parliamentary reply to Member of Parliament Louis Chua , who had asked Prime Minister Lee Hsien Loong about the objectives and key messages of such briefings, Ms Indranee took issue with the way these meetings were framed by FT. Ms Indranee added:"As for the suggestion the Government was somehow conducting these briefings under the radar, the FT did not report what we told its reporter: That almost all the briefings her article mentioned had already been publicised by the ministers on their own social media accounts."

Citigroup and Standard Chartered were named in the article as some of the US and European financial institutions that took part in the briefings. Local banks were also involved, said FT.

Indranee Rajah Louis Chua

 

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