Sritex Bankruptcy: Liquidators to Auction $2 Billion in Assets – Who Will Buy?
Jakarta. Indonesia Sentinel -- Indonesia's largest textile manufacturer, PT Sri Rejeki Isman Tbk (Sritex), has officially been declared bankrupt following ...
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Tag: Textile Industry
Indonesian Workers Plan Mass Protest on February 2025 Over Illegal Textile Imports
Jakarta, Indonesia Sentinel -- Indonesian labor unions plan to stage a mass protest in front of the Presidential Palace in ...
Indonesia’s Textile Industry Suffers as 72.000 Container of Illegal Textile Imports from China Floods the Market
Jakarta, Indonesia Sentinel -- The domestic textile and textile products (TPT) industry in Indonesia has experienced a significant decline in ...
Prabowo’s Swift Action Averts Massive Layoffs at PT Sritex, Safeguarding 20,000 Jobs
Jakarta, Indonesia Sentinel -- Labor unions in Indonesia have praised President Prabowo Subianto for his decisive action in safeguarding jobs ...
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