Indonesia's Coordinating Minister for Economic Affairs Airlangga Hartarto. "Sritex is still running," said the former General Chairperson of the Golkar Party to reporters in the Tangerang area, Banten ...

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TEMPO.CO, Jakarta - The Sritex bankruptcy liquidators could not work properly to recover loans owed to creditors. There were threats from senior police officers. THE protracted bankruptcy proceedings ...

A major labor group in Indonesia has called on the government to bail out troubled textile giant Sritex, after President Prabowo Subianto ordered his ministers to save the firm from bankruptcy.

This move comes after the textile company was declared bankrupt last year due to its struggle to pay off its $1.6bn debt, Reuters reported. The company announced its operational shutdown on 28 ...

More than 10,000 factory workers have lost their jobs in Indonesia after Southeast Asia’s largest textile manufacturer closed its doors. Sri Rejeki Isman, or Sritex, stopped operations on Saturday and ...

The collapse of Indonesian textile giant Sritex has put the industry on edge over further fallout from the dumping of Chinese goods brought on by looming American tariffs. Once Southeast Asia’s ...

The garment manufacturer is struggling with a heavy debt burden, a slump in demand, and a flood of inexpensive imports. Sri Rejeki Isman (Sritex) is one of the largest textile firms in Indonesia.

[JAKARTA] Indonesia is racing to save its largest listed textile company, Sri Rejeki Isman (Sritex), from collapse after the industry giant declared bankruptcy last week, threatening nearly 50,000 ...

JAKARTA, Feb 28 (Bernama) -- Indonesian textile giant PT Sri Rejeki Isman (Sritex) will permanently shut down on March 1, 2025, after the country’s Supreme Court upheld a bankruptcy ruling, resulting ...

Tue, June 18, 2013 Published on Jun. 18, 2013 Published on 2013-06-18T11:41:43+07:00 span class="caption">On the list: PT Sri Rejeki Isman (Sritex) independent ...