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.