Of the almost 140 companies that are majority-owned by the government, only 12 have been listed on the [Jakarta Stock Exchange]. However, these 12 account for nearly 37 percent… of total market capitalization…
That’s how dominant these few state-owned enterprises have been in the Indonesia’s stock market. The three largest are PT Telkom Indonesia, Bank BRI, and Bank Mandiri, which account for 28 percent of the market capitalization.
From the Jakarta Post’s editorial, calling the government to privatize other state-owned firms.