Jamsostek President Director Elvyn Masassya

Jamsostek President Director Elvyn Masassya

Dimas Ardian/Bloomberg

“Jamsostek will enter the stock market, with a long-term market horizon,” said Elvyn Masassya, president director of PT Jamsostek, who oversaw 144.2 trillion rupiah ($13.4 billion) of assets as of June. “We are buying blue-chip stocks.”