The Bakrie Group is most likely to continue its separation from Bumi Plc, the London-listed coal miner, after an extraordinary shareholders' meeting yesterday rejected the proposal of British financier Nathaniel Rothschild to replace 12 of the 14 board members. This outcome means that the Bakrie Group can go ahead with its intention to separate from Bumi Plc as agreed by the board last week and will keep its assets in Bumi Resources, Indonesia's largest coal miner.

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Director of Corporate Valuation of the Indonesia Stock Exchange (IHSG), Hoesen, said that the stock exchange expects 150 companies to conduct an initial public offering (IPO) on the IHSG within the next five years. In other words, an average of 30 newly-listed companies per year. Also, the amount of domestic investors in Indonesia is expected to increase to become one percent (of the 240 million-numbering population).

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Yesterday, Trans Power Marine made a solid debut on the Indonesia Stock Exchange (IHSG). The Indonesian shipping company listed 15 percent of its shares in the initial public offering (IPO) for the price of IDR 230 per share. At the end of the trading day, its shares had surged by 50 percent to IDR 345 (US $0.04). In total, the company gained IDR 90.85 billion (US $9.4 million) through the IPO. These funds will be used to buy new vessels.

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During 2012, more than 400,000 Toyota vehicles were sold on the Indonesian market, a new record-high. This number makes Indonesia the fourth-largest market for Japan-based Toyota Motor Corporation. Indonesia has developed from a production hub into a major sales market, and therefore the Japanese company intends to invest about IDR 13 trillion (US $1.3 billion) in the next five years.

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