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Search result with “Textile Sector” as a keyword founded 103 news.
“My Saddest Eid”: Cirebon Factory Closure Leaves 1,126 Jobless, Workers Demand Rehire
... Indonesia’s labor-intensive manufacturing sector. The Yihong case ... layoffs sweeping the nation’s textile and footwear industries. ... Central Java, Indonesia’s largest textile company, Sri Rejeki Isman ... competition abroad, the textile and footwear sectors are ...Business Apr 6, 2025 | 4:18 pm
Frugal Ramadan Spending Puts Pressure on Indonesia's Economy
... Layoffs in the manufacturing sector, rising commodity prices, ... layoffs in the manufacturing sector have dampened consumer optimism ... involved South East Asia's textile giant Sri Rejeki Isman ... layoffs in the manufacturing sector have impacted both corporate ...Business Mar 19, 2025 | 2:39 pm
Prabowo Gathers Indonesian Tycoons for Talks on Danantara
... “close communication” with the private sector to ensure economic stability and ... people. Infrastructure development and the textile industry also came up in ... the discussions. Indonesia's textile industry is currently under immense ...Business Mar 7, 2025 | 9:03 am
Factories Struggle as Indonesia Faces Industrial Challenges in 2025
... significant challenges to Indonesia’s industrial sector, with several major companies shutting ... their future. Bapintri In the textile sector, Bapintri (Mbangun Praja Industri) in ... landscape of the country’s industrial sector.Business Mar 5, 2025 | 6:18 pm
Less Beef Import for Private Sector Said to Worsen Indonesia's Layoff Worries
... workers at the country's largest textile producer Sritex lost their jobs ...Business Mar 3, 2025 | 8:00 pm
Sritex, Indonesia’s Largest Textile Firm, to Shut Down Factories on Saturday
... of the country’s largest textile company will affect more ... largest and most renowned textile companies, with production facilities ... a time when Indonesia’s textile and garment industry is under ... the textile industry remains a vital non-oil-and-gas sector, ...Business Feb 28, 2025 | 2:59 pm
Luhut: Indonesia Must Guard Textile Industry from China’s Export Surge
... as a key relocation destination for textile and footwear manufacturing, driven by ... that job cuts in the textile sector could surge, with layoffs potentially ... Rejeki Isman (Sritex), Indonesia’s largest textile company, recently furloughed 3,000 employees ...Business Feb 27, 2025 | 9:57 am
Indonesia to Possibly Revise Rule That Eases Import Curbs
... businesses in the downstream sector. “If the reviews ... layoffs in the Indonesian textile industry. The government ... the processing industry, including textile, garment, and footwear. ... the Indonesian textile industry. Sritex, a Sukoharjo-based textile giant and ...Business Jan 7, 2025 | 10:40 am
Indonesia’s Textile Industry Faces Layoff Surge, Up to 280,000 Jobs at Risk
... layoffs in the textile industry could rise sharply ... further revealed that 60 textile companies are planning layoffs ... undermining the sustainability of the textile sector. Permendag No. 8 ... significant risks to Indonesia’s textile industry,” Noel added. ...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 ... the broader impact on the textile sector, which is vital to Indonesia ...Business Dec 21, 2024 | 10:52 am
BNI Works with Creditors to Ensure Sritex’s Continuity After Bankruptcy Appeal Rejected
... . Sritex, one of Indonesia’s largest textile companies, faces significant financial challenges ... is a major player in Indonesia’s textile industry, supplying military uniforms to ... the broader impact on the textile sector, which is vital to Indonesia ...Business Dec 20, 2024 | 9:23 pm
Sritex Takes Last Legal Avenue after Supreme Court Rejects Appeal against Bankruptcy Ruling
... of Indonesia’s oldest and largest textile companies, with production facilities spread ... to contributing to the national textile industry.” Sritex’s bankruptcy comes at ... Bangladesh. Despite these challenges, the sector remains one of Indonesia’s largest ...Business Dec 20, 2024 | 3:52 pm
Labor-Intensive Sector Workers to Enjoy Income Tax Incentive
... , among others. The layoff-hit textile industry, which is currently struggling ... falls into this labor-intensive sector category. President Prabowo Subianto has ...News Dec 17, 2024 | 12:06 pm
Trump Effect: Indonesia Braces for Potential Flood of Chinese Imports
... businesses -- particularly those in the textile sector -- have been struggling to compete ... industry, which included businesses in textile production. Government data shows Indonesia ...Business Dec 2, 2024 | 9:14 am
Sritex Avoids Layoffs Amid Bankruptcy, Furloughs 2,500 Due to Material Shortage
... government’s commitment to supporting the textile industry,” Immanuel said. The think ... to declines in Indonesia's manufacturing sector. The Trade Ministry, however, refused ... three years to protect the sector from competition. Meanwhile, several lawmakers ...Business Nov 13, 2024 | 11:02 am
APRIL Group Presents Production-Protection Approach at COP29
... products, including tissue, paper, and textile materials. This includes the company ... reduction targets in the forestry sector," Sihol said.Special Updates Nov 12, 2024 | 7:43 pm
Lawmakers Consider House Committee on Sritex Bankruptcy Ruling
... ruling against Sritex, Indonesia’s largest textile company, which could potentially lead ... solutions to support Indonesia’s struggling textile industry, with a particular focus ... to sustain the labor-intensive textile sector and identify practical measures to ...Business Nov 8, 2024 | 2:33 am
Trade Ministry Denies Its Import Relaxation Causes Sritex to Go Bankrupt
... even blamed Indonesia’s declining manufacturing sector on the aforementioned ministerial regulation ... ] actually aimed to protect the textile industry,” Trade Minister Budi Santoso ... with a plan to rescue the textile industry, including Sritex. Budi, however ...Business Nov 4, 2024 | 9:30 am
Prabowo Leads Cabinet Meeting to Address Challenges Facing the Textile Industry
... Indonesia's textile industry, particularly focusing on textile giant Sri ... gain insights into the textile industry's difficulties. "His ... , said that the textile sector has not yet fully ... losses to cheaper Chinese textile imports undermining local products ...Business Oct 29, 2024 | 4:37 pm
Deputy Minister Assures No Layoffs for 50,000 Sritex Workers Despite Court Ruling
... employees at Indonesia's largest textile company, Sri Rejeki Isman ... visit to the Sritex textile factory in Sukoharjo, Central ... committed to keeping the textile sector operational and preventing ... Indonesia's oldest and largest textile companies, with facilities ...News Oct 29, 2024 | 9:55 am
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