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Search result with “Sritex Bankruptcy” as a keyword founded 33 news.
Luhut: Indonesia Must Guard Textile Industry from China’s Export Surge
... ,000 employees. Sri Rejeki Isman (Sritex), Indonesia’s largest textile company, recently ... Supreme Court’s rejection of its bankruptcy appeal. The financially troubled company ...Business Feb 27, 2025 | 9:57 am
Sritex Furloughs 3,000 Employees After Bankruptcy Appeal Rejected
... Supreme Court’s rejection of its bankruptcy appeal. The financially troubled company ... proceedings leading to bankruptcy. Founded 58 years ago, Sritex is a major player ... workforce across Central Java. Its bankruptcy has raised concerns over potential ...Business Dec 21, 2024 | 10:52 am
BNI Works with Creditors to Ensure Sritex’s Continuity After Bankruptcy Appeal Rejected
... Sritex) operational after the Supreme Court rejected the company’s bankruptcy ... discussions with the government, Sritex management, and other ... across Central Java. Its bankruptcy has raised concerns over ... the effects of the bankruptcy. BNI, meanwhile, has ...Business Dec 20, 2024 | 9:23 pm
Sritex Takes Last Legal Avenue after Supreme Court Rejects Appeal against Bankruptcy Ruling
... Isman, popularly known as Sritex, to overturn a bankruptcy ruling issued by the ... global reach and reputation. The bankruptcy of Sritex raises significant concerns, given ... to the national textile industry.” Sritex’s bankruptcy comes at a time when Indonesia ...Business Dec 20, 2024 | 3:52 pm
Indonesia Reports $3 Million Smuggled Goods in Just One Week
... imports. Textile giant Sritex not long ago got a bankruptcy ruling, and had ... payroll. Both the government and Sritex have also promised that the ...News Nov 14, 2024 | 2:43 pm
Sritex Avoids Layoffs Amid Bankruptcy, Furloughs 2,500 Due to Material Shortage
... Sri Rejeki Isman (Sritex) has temporarily furloughed 2,500 ... despite the company’s bankruptcy status declared by the ... “Sritex has not laid off employees amid this bankruptcy. Around ... investigate the recent bankruptcy ruling against Sritex. Members of ...Business Nov 13, 2024 | 11:02 am
Lawmakers Consider House Committee on Sritex Bankruptcy Ruling
... to investigate the recent bankruptcy ruling against Sritex, Indonesia’s largest textile ... market, according to Saleh. Sritex CEO Iwan Kurniawan Lukminto acknowledged ... would accept Sritex’s appeal and overturn the bankruptcy ruling. The bankruptcy was ...Business Nov 8, 2024 | 2:33 am
Trade Ministry Denies Its Import Relaxation Causes Sritex to Go Bankrupt
... Semarang commercial court recently declared Sritex bankrupt, thus potentially causing 50 ... Trade Ministry was culpable for Sritex’s bankruptcy. President Prabowo has instructed his ... Sritex to resume its export-import operations after the court gave a bankruptcy ...Business Nov 4, 2024 | 9:30 am
Gov’t Allows Sritex to Resume Export Operations Despite Bankruptcy
... as Sritex. to resume its export-import activities despite a bankruptcy verdict ... Semarang Commercial Court recently declared Sritex bankrupt after the company ... operations across Central Java. Despite Sritex’ bankruptcy, the Indonesian textile industry -- ...Business Oct 31, 2024 | 11:00 am
Deputy Minister Assures No Layoffs for 50,000 Sritex Workers Despite Court Ruling
... the management, represented by Sritex owner Iwan Setiawan Lukminto ... to avoiding layoffs. Sritex President Director Iwan Setiawan ... conditions, not a result of bankruptcy. “Our focus is to ... District Court recently declared Sritex bankrupt following a lawsuit ...News Oct 29, 2024 | 9:55 am
Sritex Develops 'Grand Strategy' to Keep Business Afloat and Protect 50,000 Jobs
... as Sritex, is implementing a plan to stabilize its business following a recent bankruptcy ... Agus Gumiwang Kartasasmita met with Sritex’s Chief Commissioner, Iwan Setiawan ... develop options and strategies for Sritex’s recovery. The government’s primary ...Business Oct 28, 2024 | 3:52 pm
Government Backs Sritex as Textile Giant Fights Bankruptcy
... Sritex) responded to the Semarang Commercial Court's Oct. 21 bankruptcy ... stressed that the bankruptcy ruling does not stem ... decision affects four Sritex subsidiaries located in different ... directly impacted. However, Sritex maintains additional subsidiaries ...Business Oct 25, 2024 | 6:02 pm
Textile Giant Sritex Denies Bankruptcy
... that declared the company’s bankruptcy in 2023. “It is ... on the bankruptcy,” Welly Salam, the finance director at Sritex, said ... on Monday. Sritex had previously ... possible causes of the bankruptcy would include the sluggish ...Business Jun 25, 2024 | 2:30 pm
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