Nearly 400 social media posts linking Singapore to Indonesia’s market turmoil drew almost 12 million views, CNA Verify reported, as Jakarta’s stock benchmark fell sharply.
Some posts alleged a secret Oct. 18 meeting involving former Indonesian deputy foreign minister Dino Patti Djalal, Professor Saiful Mujani and Singapore’s ambassador in Jakarta. The Singapore Embassy said Patti Djalal and Mujani did not visit the ambassador’s residence that day. “No such visit took place,” the Embassy said, adding it would work with Indonesia’s Ministry of Communication and Digital Affairs to address the claim.
CNA Verify said the posts appeared between Oct. 19 and Oct. 27 on Instagram, TikTok, YouTube, X and Facebook. Ten posts accounted for half of the nearly 12 million views, the outlet reported. Investigators began with an AI-assisted search and then checked results manually. They found clusters of profiles whose creation dates aligned, whose content reused text and images, and whose posting schedules overlapped. CNA Verify said its findings did not establish whether a single operator controlled the accounts.
The claims circulated against the backdrop of a steep decline in Indonesian shares. Yahoo Finance historical data showed the IDX Composite ended Oct. 16 at 5,185.10, down 11.57%. The Indonesia Stock Exchange also issued a trading-halt notice that day.
MSCI Inc. announced on Oct. 15 that it was consulting on a proposal to move its Indonesia indexes from emerging-market to standalone-market status. It cited opaque shareholding structures, suspected coordinated trading and insufficient evidence of meaningful enforcement. The announcement did not mention Singapore, GIC or Temasek. The meeting allegation appeared amid online claims that Singapore-linked investors had influenced the index review. GIC and Temasek denied pressuring MSCI, CNA reported. EconoTimes previously covered GIC and Temasek’s denials.
MSCI will accept feedback on the proposal through April 30, 2027, and announce a decision by June 30, 2027.
