JAKARTA -- The capital market in Indonesia is at an interesting crossroads. On one hand, a host of companies are queuing up to tap the stock markets against a backdrop of strong macroeconomic fundamentals, while on the other, some are adopting a 'wait-and-see' policy before taking the plunge.
The government is targeting economic growth of 5.3% higher in 2020 than in 2019. During the first nine months of 2019, the Indonesian economy grew 5.04%, lower than the government's target of 5.2% for the year.
