So, Bakrie Telecom (BTEL) has on March 1st, 2017 issued 6.19 billion new shares at Rp200 per share to PT Huawei Tech Indonesia. The Shenzhen-based telecommunication giant, accordingly, controls 16.83% shares of BTEL. This is part of debt restructuring program of Bakrie Telecom, wherein it issued Rp7.6 trillion worth of convertible bonds to settle the Rp11.6 trillion debts.

Shares of textile and garment producer PT Sri Rejeki Isman Tbk (SRIL), popular as Sritex, ended lower by 2.91% to Rp334 Tuesday (March 14) with 1.07 billion shares exchanged hands. SRIL is among the best performing stocks with 45% gain year-to-date, so some might have realized gains upon learning its performance in the fourth quarter and full year 2016.

Shares of Chandra Asri (TPIA), the largest petrochemical company in Indonesia, inched up 0.5% only this morning despite strong performance reported in the fourth quarter of 2016. Higher average prices of naphtha, key feedstock for an olefin center, might have weighed further rally in the stock.

After nearly one year of talks, Lippo Group has finally decided to exit from a casino project in Incheon, South Korea. Lippo Limited and OUE Limited, two entities directly/indirectly controlled by Riady Family/Lippo Group, have announced respectively their decisions late last week.

Indonesian ice cream market might have been dominated by Unilever Indonesia (UNVR) with its brand Walls and PT Campina Ice Cream Industry with their Campina brand. Retailers Trans Ice (Trans Corp) and Mitra Adiperkasa (MAPI), however, have intensified the competition with Baskin Robbins and Cold Stone Creamery respectively.

Questions surrounding financing of light-rail transit (LRT) projects in Jakarta, greater Jakarta, and Palembang might not be fully addressed by the government. Other public infrastructure projects, including water pipeline, public housing, airports, and toll roads, however, have been progressing relatively well.

PT Coca-Cola Amatil Indonesia, subsidiary of ASX-listed Coca Cola Amatil, has just inaugurated its new distribution center in Pandaan, Pasuruan, East Java, which was built with US$60 million. The distribution center will likely be benefited from new toll roads being built connecting Pasuruan and other areas in the province.

Synthetic fiber may control 63% of the world’s fiber market, but man-made cellulose fiber is a big business. Indonesia with its forest resources is a key player despite questions surrounding sustainable forest management. Other than the growing export market, Indonesia, with a population of 250 million people, is a big market. That’s probably why Lenzing AG, the world’s largest producer of viscose staple fiber (VSF), plans to expand its Indonesian facilities.

Shares of Bank Ina Perdana (BINA) surged 24.68% to Rp384 on Wednesday (March 8) with thin trading volume (9.84 million shares exchanged hands). That means value of the small bank has already jumped 148% since early November 2016 on prospect of having Salim Group, which once controlled Bank Central Asia (BBCA), as substantial shareholder in the bank.