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Search result with “Sritex Bankruptcy” as a keyword founded 33 news.
Indonesia's Growth Is Leaving Workers Behind
... 's Biggest Layoffs Since 2025: From Sritex to TikTok-Tokopedia According to ... they calculated was owed, citing bankruptcy and restructuring. The workers rejected ...Business Jul 11, 2026 | 3:52 pm
Government Eyes New State Textile Company to Save Sritex Workers
... Isman, widely known as Sritex, running and to safeguard ... intended to ensure that Sritex’s economic activities continue despite ... Seized as Asset in Sritex Credit Corruption Investigation Prasetyo ... Indonesia’s textile industry, Sritex drew national attention in ...Business Jan 19, 2026 | 5:22 pm
‘Huge Job Maker’: Danantara on $6 Billion State Textile Firm Plan
... this plan included taking over Sritex. The Central Java-based textile ... country, but declared bankruptcy last year over unpaid debts. Sritex’s shutdown caused ... shutting down the possibility of a Sritex revival. According to the Central ...Business Jan 16, 2026 | 8:12 am
Jakarta Hotel Seized as Asset in Sritex Credit Corruption Investigation
... involving Sri Rejeki Isman (Sritex), one of the country’s ... younger brother of former Sritex chief executive Iwan Setiawan ... court ruling that declared Sritex bankrupt after the company accumulated ... IDX Urges Delisting of Sritex After Bankruptcy, CEO’s ArrestNews Dec 12, 2025 | 10:35 am
Purbaya Targets Smuggled Thrift Clothes, Pushes Traders Toward Local Goods
... of about 250,000 jobs. Sritex Group, the country’s largest textile ... and March 2025 after declaring bankruptcy. The import of used clothing ...Business Oct 29, 2025 | 10:06 am
Govt to Blacklist Used Clothing Smugglers, Says Purbaya
... of about 250,000 jobs. Sritex Group, the country’s largest textile ... and March 2025 after declaring bankruptcy. The import of used clothing ...Business Oct 22, 2025 | 3:03 pm
Purbaya Targets Digital Overhaul to Monitor Imports, Protect Local Industry
... . The country’s largest textile company, Sritex Group, laid off more than ... and March 2025 after declaring bankruptcy. Read More: Trade Ministry Eases ...Business Oct 22, 2025 | 10:01 am
Prabowo Reacts Calmly to First Corruption Scandal Hitting His Cabinet
... year at textile giant Sritex, which declared bankruptcy. “His performance at the ...News Aug 21, 2025 | 8:00 pm
Deputy CEO of Bankrupt Sritex Detained over Rp 1 Trillion Loan Fraud
... textile giant Sri Rejeki Isman (Sritex), after naming him a ... Evidence shows Iwan co-signed Sritex’s applications for working capital ... Eight New Suspects in Sritex Credit Fraud Case Prosecutors ... IDX Urges Delisting of Sritex After Bankruptcy, CEO’s ArrestNews Aug 14, 2025 | 6:30 am
AGO Names Eight New Suspects in Sritex Credit Fraud Case
... IDX Urges Delisting of Sritex After Bankruptcy, CEO’s Arrest BFW, ... the loan without considering Sritex’s outstanding MTN obligations and ... of approving loans to Sritex despite knowing the company ... allegedly signed off on Sritex’s loan analysis memorandum without ...News Jul 22, 2025 | 11:43 am
Indonesia Sees 70,000 Layoffs in Four Months: Labor Party
... ' rights. Read More: Sritex Furloughs 3,000 Employees After Bankruptcy Appeal Rejected The ...News May 28, 2025 | 3:01 pm
IDX Urges Delisting of Sritex After Bankruptcy, CEO’s Arrest
... ruling that upheld the bankruptcy decision. IDX Corporate ... . “Due to the bankruptcy ruling and the fact ... industry, Central Java-based Sritex officially ceased operations in ... Sritex Takes Last Legal Avenue after Supreme Court Rejects Appeal against Bankruptcy ...Business May 22, 2025 | 6:43 pm
Bankrupt Textile Giant Sritex’s Ex-CEO Arrested in Graft Case
... loans. The investigation follows Sritex’s declaration of bankruptcy in October 2024 and ... court-appointed receiver overseeing the bankruptcy process reported that the company ... : IDX Signals Delisting of Sritex After Bankruptcy Ruling The preferred creditors, ...News May 21, 2025 | 1:58 pm
Can Indonesia Provide A Better Life for Its Workers?
... firm Sritex had to lay off over 10,000 workers over bankruptcy ... heightened US-China trade war. Sritex workers visit their factory in ...News May 2, 2025 | 12:24 pm
“My Saddest Eid”: Cirebon Factory Closure Leaves 1,126 Jobless, Workers Demand Rehire
... , Sri Rejeki Isman (Sritex), is ceasing operations after a bankruptcy ruling, impacting over ... has been done. Read More: Sritex May Resume Operations Under New ...Business Apr 6, 2025 | 4:18 pm
Government Earmarks Rp 20 Trillion to Rescue Labor-Intensive Industries
... notable cases is the recent bankruptcy of Sritex, Indonesia’s oldest textile company ...Business Mar 20, 2025 | 12:09 am
Factories Struggle as Indonesia Faces Industrial Challenges in 2025
... and the broader manufacturing industry. Sritex Among the most notable closures ... Isman (Sritex), which officially halted operations on March 1 following bankruptcy proceedings. Over ...Business Mar 5, 2025 | 6:18 pm
Sritex May Resume Operations Under New Investors
... a bankruptcy ruling, the curator team announced on Monday. Sritex’s assets ... upheld the company’s bankruptcy due to its failure ... investor is eligible to lease Sritex’s assets," said Nurma Sadikin ... its global reputation. However, Sritex’s collapse comes at a ...Business Mar 3, 2025 | 3:33 pm
IDX Signals Delisting of Sritex After Bankruptcy Ruling
... Rejeki Isman, also known as Sritex (IDX: SRIL), following ... exchange had met with Sritex management to confirm the ... on Friday. Read More: Sritex, Indonesia’s Largest Textile Firm, ... of Sritex employees began packing up their belongings following a bankruptcy ...Business Feb 28, 2025 | 5:03 pm
Sritex, Indonesia’s Largest Textile Firm, to Shut Down Factories on Saturday
... The Supreme Court recently rejected Sritex’s appeal, upholding the Semarang ... appointed curator, ensuring compliance with bankruptcy regulations. “The Manpower Ministry is ... prior debt restructuring agreement, forcing Sritex into a legal battle. The Supreme ...Business Feb 28, 2025 | 2:59 pm
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