Indonesia elections won't affect country's healthcare: First Reit

THE recent Indonesian presidential elections - where Jakarta governor Joko Widodo has as good as been declared victor over his rival Prabowo Subianto - is not expected to impact the healthcare industry or cause any drastic changes to healthcare policies in the short to medium term, First Reit said in its financial statement yesterday.

The healthcare Reit's largely Indonesian portfolio will thus continue to deliver strong performance, amid a concurrent rising demand for quality healthcare, it said.

It added, too, that its sponsor Lippo Karawaci's strong pipeline of 24 quality hospitals presents strong acquisition opportunities for the Reit. It will be on the lookout for yield-accretive acquisition opportunities in Singapore and other parts of Asia to expand its portfolio.