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Search result with “Company Restructuring” as a keyword founded 105 news.
Sritex Takes Last Legal Avenue after Supreme Court Rejects Appeal against Bankruptcy Ruling
... on Friday that the company would request a judicial review ... prior debt restructuring agreement with Sritex, prompting the company to pursue ... in Central Java. The company is renowned not only ... Iwan said, emphasizing the company’s dedication to its workforce. ...Business Dec 20, 2024 | 3:52 pm
Communication Minister to Restructure Organization Amid Online Gambling Scandal
... she will implement an organizational restructuring within her ministry after ten ... from online gambling operators. The restructuring will focus on job rotations ... 's publications. B-Universe is the parent company of the Jakarta Globe, the ...News Nov 19, 2024 | 8:04 pm
Lawmakers Consider House Committee on Sritex Bankruptcy Ruling
... against Sritex, Indonesia’s largest textile company, which could potentially lead to ... a previous debt restructuring agreement with Sritex, prompting the company to file an ...Business Nov 8, 2024 | 2:33 am
Two Gerindra Executives Take Charge of Pertamina's Top Leadership
... lead the state-owned oil company Pertamina following a shareholders' meeting on ... ) Chairman Antasari Azhar. The management restructuring was initiated by State-Owned ...Business Nov 4, 2024 | 4:29 pm
These Seven State-Owned Companies Remain in the Red
... steel manufacturer has undergone debt restructuring, a major fire in 2019 further ... explained. Biofarma, a state-owned pharmaceutical company, is another on the list ... with profitability, and state printing company PNRI faces severe revenue challenges ...Business Nov 4, 2024 | 2:45 pm
Gov’t Allows Sritex to Resume Export Operations Despite Bankruptcy
... Sritex bankrupt after the company failed to pay its ... . This includes letting the company resume export-import operations. ... changes within the company. The minister added: “Restructuring is one ... to save Sritex. The company supplies camouflage military uniforms ...Business Oct 31, 2024 | 11:00 am
Deputy Minister Assures No Layoffs for 50,000 Sritex Workers Despite Court Ruling
... Setiawan Lukminto stressed that the company's efficiency measures are simply a response ... facilities across Central Java. The company also supplies camouflage military uniforms ... court also annulled a prior debt restructuring agreement with Sritex, which has ...News Oct 29, 2024 | 9:55 am
Sritex Develops 'Grand Strategy' to Keep Business Afloat and Protect 50,000 Jobs
... a recent bankruptcy ruling, a company executive said on Monday. The ... discuss strategies to safeguard the company. “We are developing a ... in Central Java. The company has also supplied camouflage ... to annul a prior debt restructuring agreement with Sritex, which ...Business Oct 28, 2024 | 3:52 pm
Pindad Emphasizes Strong Corporate Governance as Key to Boosting Performance
... Board (BPK) commended state defense company PT Pindad for achieving a 94 ... management, and restructuring asset and pension fund management. The company has also ... based on BPK’s recommendations. The company has coordinated closely with the ...Special Updates Oct 26, 2024 | 5:52 pm
Government Backs Sritex as Textile Giant Fights Bankruptcy
... company and four key subsidiaries bankrupt after a creditor nullified a prior debt restructuring ... the court's ruling, the company’s core operations, including production ... prioritizing measures to protect the company’s workforce. Industry Minister Agus ...Business Oct 25, 2024 | 6:02 pm
Unilever Shares Plunge Amid Revenue Decline and Boycott Impact
Jakarta. Shares of consumer goods company Unilever Indonesia (UNVR) took a ... -term production costs due to restructuring initiatives, and a slower reduction ... ahead, Unilever’s management expects the company's various initiatives, including stock adjustments ...Business Oct 24, 2024 | 10:02 am
TD Bank to Pay $3 Billion in Historic Money-Laundering Settlement with US Gov’t
... , and its CEO said the company takes full responsibility and has ... has also agreed to major restructuring of the corporate compliance program ...Business Oct 11, 2024 | 4:01 am
Pertamina Reports $4.4B Net Profit in 2023
Jakarta. State-run oil company Pertamina recorded strong growth in ... million kiloliters, Emma said. Additionally, restructuring programs in the organization and ...Business Jun 12, 2024 | 7:54 pm
Garuda Indonesia's Revenue Soars by 40 Percent to $2.94 Billion in 2023
... implemented to accelerate post-restructuring performance recovery, coupled ... restructuring its debt. This effort has been fruitful, as the company ... 79 billion, helping the company recover. Garuda Indonesia's ... $1,16 billion. The Company continues to fulfill its ...Business Apr 1, 2024 | 3:18 pm
Body Shop Indonesia Remains Unaffected by Company Restructuring
... to confirm that there is a restructuring happening at The Body Shop ... operations on March 1, according to a company announcement from earlier this month ... stores as part of wider restructuring proceedings. These closings arrive just ...Business Mar 14, 2024 | 12:25 pm
Bank Mandiri Announces New Directors and Commissioners
... lender Bank Mandiri has undergone a restructuring in both its directorate and ... of state oil and gas company Pertamina on Jan. 31, 2024 ...Business Mar 8, 2024 | 9:59 am
Garuda Indonesia's Shares Soar After Paris Court Backs GIHF
... successfully obtained approval for a debt restructuring process at the Commercial Court ... direct impact on the company's operational activities. "The company ensures that all ... (InJourney), a state-owned enterprise holding company in the tourism and aviation ...Business Feb 27, 2024 | 11:13 am
China Evergrande Faces Liquidation After Failed Restructuring Negotiations
... was unable to reach a restructuring deal with creditors. Judge Linda ... part of the company putting forward a viable restructuring proposal” as well ... “refine” a new debt restructuring plan of more than $300 ... real estate sector. The company first defaulted on its ...Business Jan 29, 2024 | 11:11 am
PP Energi Completes Share Divestment of Renewable Energy Unit to Salim Group
... , a subsidiary of state construction company Pembangunan Perumahan (PTPP), has successfully ... is a part of the company's financial restructuring through the divestment of ... , Barito Renewables Energy, a geothermal company owned by conglomerate Prajogo Pangestu ...Business Jan 5, 2024 | 2:01 pm
State-Owned Enterprises and Startup, A Recap of Companies Bowing Out in 2023
... 2014 and had undergone several restructuring. Istaka built the Ir ... glass company Industri Gelas, paper company Kertas Kraft Aceh, textile company Industri ... paper company Kertas Leces, construction company Istaka Karya, and financing company Pengembangan ...Business Dec 29, 2023 | 2:02 pm
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