Less activity, manpower crunch could hurt firms 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.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Arm Holdings plans to launch AI chips in 2025: report
China national detained for illegal mining in Indonesia’s Borneo
South Korea plans 10 trillion won programme to support chip industry
China to nurture stock rally by masking live foreign flows data
Luxury yacht charters rise as uber-rich eschew buying outright
Why prices for chocolate and cocoa went nuts