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Search result with “Sritex” as a keyword founded 66 news.
Sritex May Resume Operations Under New Investors
... team announced on Monday. Sritex’s assets are currently ... investor is eligible to lease Sritex’s assets," said Nurma Sadikin, ... Indonesia’s textile industry. Sritex workers visit their factory ... 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 the ... exchange had met with Sritex management to confirm the ... Jakarta on Friday. Read More: Sritex, Indonesia’s Largest Textile Firm, ... . On Thursday, thousands of Sritex employees began packing up their ...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 District ... Immanuel said, promising that all Sritex employees will receive severance payments ... a prior debt restructuring agreement, forcing Sritex into a legal battle. The Supreme ...Business Feb 28, 2025 | 2:59 pm
Luhut: Indonesia Must Guard Textile Industry from China’s Export Surge
... ,000 employees. Sri Rejeki Isman (Sritex), Indonesia’s largest textile company, recently ...Business Feb 27, 2025 | 9:57 am
Indonesia to Possibly Revise Rule That Eases Import Curbs
... for the Indonesian textile industry. Sritex, a Sukoharjo-based textile giant and ... had previously promised to save Sritex. Workers leave the production area ... company Sri Rejeki Isman, or Sritex, in Sukoharjo, Central Java, Thursday ...Business Jan 7, 2025 | 10:40 am
Sritex Furloughs 3,000 Employees After Bankruptcy Appeal Rejected
... the Semarang District Court declared Sritex bankrupt in October 2024. ... The ruling left Sritex struggling to secure raw ... but Lukminto highlighted that Sritex has maintained strong relationships with ... . Founded 58 years ago, Sritex is a major player in ...Business Dec 21, 2024 | 10:52 am
BNI Works with Creditors to Ensure Sritex’s Continuity After Bankruptcy Appeal Rejected
... discussions with the government, Sritex management, and other stakeholders ... strategic steps for sustaining Sritex’s business. “We will ... credit risks related to Sritex, ensuring a balanced approach ... all parties would help Sritex navigate this challenging ...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 ... two months ago. Sritex CEO Iwan Kurniawan Lukminto ... prior debt restructuring agreement with Sritex, prompting the company to ... reputation. The bankruptcy of Sritex raises significant concerns, given ...Business Dec 20, 2024 | 3:52 pm
Indonesia Reports $3 Million Smuggled Goods in Just One Week
... layoffs on imports. Textile giant Sritex not long ago got a bankruptcy ... 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
... giant Sri Rejeki Isman (Sritex) has temporarily furloughed 2,500 employees ... in Jakarta on Wednesday, Sritex President Director Iwan Kurniawan ... -day rescue plan for Sritex across four ministries. “ ... recent bankruptcy ruling against Sritex. Members of the House ...Business Nov 13, 2024 | 11:02 am
Lawmakers Consider House Committee on Sritex Bankruptcy Ruling
... the recent bankruptcy ruling against Sritex, Indonesia’s largest textile company, which ... global market, according to Saleh. Sritex CEO Iwan Kurniawan Lukminto acknowledged ... a previous debt restructuring agreement with Sritex, prompting the company to file ...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 ... curbs. According to media reports, Sritex president commissioner Iwan Setiawan Lukminto ... Trade Ministry was culpable for Sritex’s bankruptcy. President Prabowo has ...Business Nov 4, 2024 | 9:30 am
Gov’t Allows Sritex to Resume Export Operations Despite Bankruptcy
... Semarang Commercial Court recently declared Sritex bankrupt after the company failed ... operations across Central Java. Despite Sritex’ bankruptcy, the Indonesian textile industry ... freshly installed cabinet to save Sritex. The company supplies camouflage ...Business Oct 31, 2024 | 11:00 am
Prabowo Leads Cabinet Meeting to Address Challenges Facing the Textile Industry
... textile giant Sri Rejeki Isman (Sritex). Chief Economic Affairs Airlangga ... plans to ensure that Sritex can maintain its import- ... potential emergency funding for Sritex are ongoing after being ... expressed hope that by keeping Sritex operational, jobs for the ...Business Oct 29, 2024 | 4:37 pm
Deputy Minister Assures No Layoffs for 50,000 Sritex Workers Despite Court Ruling
... by the management, represented by Sritex owner Iwan Setiawan Lukminto,” Deputy ... are committed to avoiding layoffs. Sritex President Director Iwan Setiawan Lukminto ... Semarang District Court recently declared Sritex bankrupt following a lawsuit by creditor ...News Oct 29, 2024 | 9:55 am
Sritex Develops 'Grand Strategy' to Keep Business Afloat and Protect 50,000 Jobs
... Agus Gumiwang Kartasasmita met with Sritex’s Chief Commissioner, Iwan Setiawan Lukminto ... develop options and strategies for Sritex’s recovery. The government’s primary objective ... Semarang District Court recently declared Sritex bankrupt after a lawsuit by ...Business Oct 28, 2024 | 3:52 pm
Government Backs Sritex as Textile Giant Fights Bankruptcy
... Textile manufacturer Sri Rejeki Isman (Sritex) responded to the Semarang Commercial ... The court’s decision affects four Sritex subsidiaries located in different parts ... employees directly impacted. However, Sritex maintains additional subsidiaries beyond these ...Business Oct 25, 2024 | 6:02 pm
Petrindo Optimizes Petrosea Acquisition for Mining Industry Integration
... , AWS-ViBiCloud, Inalum, Huawei, Ambeven, Sritex, Pelindo, Bukit Asam, Ambeven, Huawei ...Special Updates Oct 10, 2024 | 11:32 am
APR Teams Up with Six Fashion Brands at Muslim Fashion Festival MUFFEST+
... six participating brands -- Batik Trusmi, Sritex, Siti Khadijah, Aruna Creative, Larusso ... dyes used in the process. Sritex presented daily dresses that combined ... with brands like Batik Trusmi, Sritex, Siti Khadijah, Aruna Creative, Larusso ...Special Updates Aug 11, 2024 | 9:57 pm
Textile Giant Sritex Denies Bankruptcy
... Isman, better known as Sritex, recently denied that it ... finance director at Sritex, said on Monday. Sritex had previously requested ... the relaxation,” Welly said. Sritex had postponed paying its ... cash and sponsor support. Sritex has also implemented a number ...Business Jun 25, 2024 | 2:30 pm
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