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Search result with “Textile Industry” as a keyword founded 171 news.
Indonesia’s Textile Industry Faces Layoff Surge, Up to 280,000 Jobs at Risk
... Ministry predicts layoffs in the textile industry could rise sharply, with job ... primary factors contributing to the industry’s struggles is Trade Ministerial ... poses significant risks to Indonesia’s textile industry,” Noel added. Noel believes revising ...Business Dec 26, 2024 | 9:26 am
Sritex Furloughs 3,000 Employees After Bankruptcy Appeal Rejected
... (Sritex), one of Indonesia’s largest textile companies, has furloughed 3,000 employees ... is a major player in Indonesia’s textile industry, supplying military uniforms to NATO ... the broader impact on the textile sector, which is vital to ...Business Dec 21, 2024 | 10:52 am
BNI Works with Creditors to Ensure Sritex’s Continuity After Bankruptcy Appeal Rejected
... one of Indonesia’s largest textile companies, faces significant financial ... major player in Indonesia’s textile industry, supplying military uniforms to NATO ... broader impact on the textile sector, which is vital ... growth of the textile industry in Indonesia.Business Dec 20, 2024 | 9:23 pm
Sritex Takes Last Legal Avenue after Supreme Court Rejects Appeal against Bankruptcy Ruling
... its pivotal role in Indonesia’s textile industry and its large workforce. Recognizing ... to contributing to the national textile industry.” Sritex’s bankruptcy comes at a time ... when Indonesia’s textile and garment industry is grappling with various ...Business Dec 20, 2024 | 3:52 pm
Indonesia Eyes Investment in Suez Canal Economic Zone, Prabowo Tells Sisi
... that target various sectors, including textile, agribusiness, pharmaceuticals, to name a few ... looking to develop the downstream industry of its top commodity. Palm ... thinking of establishing the processing industry of several commodities such as ...Business Dec 19, 2024 | 9:08 am
Labor-Intensive Sector Workers to Enjoy Income Tax Incentive
... tax for labor-intensive industry workers who earn no ... tax for labor-intensive industry workers whose monthly salary ... The term “labor-intensive industry” mainly refers to sectors ... others. The layoff-hit textile industry, which is currently struggling against ...News Dec 17, 2024 | 12:06 pm
Textile Industry Warns of Further Layoffs with 12% VAT Hike in 2025
Jakarta. The textile industry is bracing for further ... a dramatic decline in the textile industry, as evidenced by the layoffs ... jobs in this labor-intensive industry. He stressed that the ... hike could further jeopardize the industry’s survival in the coming ...Business Dec 6, 2024 | 8:36 pm
Trump Effect: Indonesia Braces for Potential Flood of Chinese Imports
... businesses -- particularly those in the textile sector -- have been struggling to ... in the processing industry, which included businesses in textile production. Government data ...Business Dec 2, 2024 | 9:14 am
41 Bills Set for 2025 Legislative Priority List, Key Anti-Corruption Bill Omitted
... , the Tax Amnesty Bill, the Textile Industry Bill, the Cybersecurity Bill, and ... Law No. 3 of 2014 on Industry Individual Proposals Bill on Climate ...News Nov 19, 2024 | 9:53 pm
Indonesia Reports $3 Million Smuggled Goods in Just One Week
... picture of the Indonesian domestic industry. Imported textiles are typically sold ... Unions reported that the domestic textile industry had laid off at least ... the massive layoffs on imports. Textile giant Sritex not long ago ...News Nov 14, 2024 | 2:43 pm
Sritex Avoids Layoffs Amid Bankruptcy, Furloughs 2,500 Due to Material Shortage
... government’s commitment to supporting the textile industry,” Immanuel said. The think tank ... Celios attributed challenges in Indonesia’s textile industry to an influx of lower ... have adversely affected the industry, with the Industry Ministry also citing such ...Business Nov 13, 2024 | 11:02 am
Lawmakers Consider House Committee on Sritex Bankruptcy Ruling
... solutions to support Indonesia’s struggling textile industry, with a particular focus on ... the challenges facing the Indonesian textile industry, especially companies in distress ... acknowledged that the national textile industry has been facing severe ...Business Nov 8, 2024 | 2:33 am
Trade Ministry Denies Its Import Relaxation Causes Sritex to Go Bankrupt
... dealt a fatal blow to the textile industry, including the company itself. The ... ] actually aimed to protect the textile industry,” Trade Minister Budi Santoso told ... with a plan to rescue the textile industry, including Sritex. Budi, however, told ...Business Nov 4, 2024 | 9:30 am
15 Taiwanese Textile Companies Plan Relocation to Indonesia, Minister Airlangga Says
... the national economy. “The Taiwan Textile Association has expressed its intention ... of green energy linked to industry. Currently, green energy and energy ...Business Nov 1, 2024 | 9:34 pm
Gov’t Allows Sritex to Resume Export Operations Despite Bankruptcy
... given the green light for textile giant Sri Rejeki Isman, better ... ’s labor-intensive industries. A number of textile firms also faced issues in ... . Despite Sritex’ bankruptcy, the Indonesian textile industry -- particularly in the Central Javan ...Business Oct 31, 2024 | 11:00 am
Prabowo Leads Cabinet Meeting to Address Challenges Facing the Textile Industry
... situation of Indonesia's textile industry, particularly focusing on textile giant Sri Rejeki Isman ... to gain insights into the textile industry's difficulties. "His directive was ... a bid to protect the domestic textile industry, which has struggled to return ...Business Oct 29, 2024 | 4:37 pm
Deputy Minister Assures No Layoffs for 50,000 Sritex Workers Despite Court Ruling
... at Indonesia's largest textile company, Sri Rejeki Isman ... visit to the Sritex textile factory in Sukoharjo, Central ... textile sector operational and preventing any company in the industry ... Indonesia's oldest and largest textile companies, with facilities ...News Oct 29, 2024 | 9:55 am
Sritex Develops 'Grand Strategy' to Keep Business Afloat and Protect 50,000 Jobs
... Jakarta. Indonesia's largest textile company, Sri Rejeki ... Earlier in the day, Industry Minister Agus Gumiwang Kartasasmita ... Indonesia's oldest and largest textile companies, with facilities across ... instructed the Ministry of Industry, Ministry of Finance, ...Business Oct 28, 2024 | 3:52 pm
JFW 2025: APR Collaborations Promote Sustainable Fashion
... fashion enthusiasts, and textile players to promote sustainable ... textile products and innovation in the Indonesian fashion industry. ... We want to invite textile industry players ... effort to advance the textile industry in Indonesia," said ...Special Updates Oct 25, 2024 | 9:40 pm
Government Backs Sritex as Textile Giant Fights Bankruptcy
... to protect the company’s workforce. Industry Minister Agus Gumiwang Kartasasmita revealed ... it is essential to Indonesia’s textile industry,” Agus noted. The Manpower Ministry ... continue contributing to the nation’s textile industry for years to come.Business Oct 25, 2024 | 6:02 pm
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