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Less activity, manpower crunch could hurt firms with exposure to Indonesia

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Uma Devi

Uma Devi

Published Wed, Jun 30, 2021 · 09:50 PM

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    Singapore listcos with exposure to Indonesia

    Singapore

    WORRIES over reduced activity and manpower crunch on the back of stricter rules awaiting Indonesia as Covid-19 cases spike could rub off on certain Singapore-listed firms with big exposure to South-east Asia's largest economy, although the devil is in the details.

    Indonesia has yet to finalise the shape and form of the fresh curbs and duration as Covid-19 infections reach record levels owing to the highly transmissible Delta variant, but analysts reckon plantation and retail firms may feel the heat most.

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    IndonesiaSingapore StocksStraits Times Index

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