BRI Syariah, the Islamic banking unit of leading Indonesian commercial bank Bank Rakyat Indonesia (BRI), is currently assessing the prospects of conducting an initial public offering (IPO) on the Indonesia Stock Exchange. Indri Tri Handayani, Corporate Secretary at BRI Syariah, will invite several supporting institutions active within capital markets to advise on this IPO plan, including the administrative matters. If BRI Syariah will indeed go-ahead with the IPO, then it will not be realized sooner than early 2018.

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Indonesia's pharmaceutical industry remains promising for foreign investors, evidenced by rising growth in the first half of the year. For the first time in three years growth in Indonesia's pharmaceutical industry could touch double-digit figures again. Parulian Simanjuntak, Executive Director of the International Pharmaceutical Manufacturers Group (IPMG), said the industry has improved compared to the situation one year ago.

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Indonesia's leading cement manufacturer Semen Indonesia created a joint venture (JV) together with its subsidiary Semen Indonesia Beton. This JV - named Semen Indonesia Industri Building - is active in the building materials sector. Semen Indonesia controls 99 percent of the shares in this new entity, while Semen Indonesia Beton owns the remaining 1 percent.

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Real estate development company Sinarmas Land Ltd, a unit within the Sinar Mas Group, purchased a big office building in Central London for the price of nearly USD $269 million. Sinar Mas Land Ltd, headquartered and listed in Singapore, is engaged in the property business through its operations in primarily Indonesia, China, Malaysia and Singapore.

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