For Indonesia, protectionism does not generate the jobs the country needs, while damaging the competitiveness of its exports.

TEMPO.CO, Jakarta - The Sritex bankruptcy liquidators could not work properly to recover loans owed to creditors. There were threats from senior police officers. THE protracted bankruptcy proceedings ...

A major labor group in Indonesia has called on the government to bail out troubled textile giant Sritex, after President Prabowo Subianto ordered his ministers to save the firm from bankruptcy.

TEMPO.CO, Jakarta - It is not enough for the Attorney General’s Office to charge three suspects in the Sritex credit corruption case. The full extent of the scandal must be exposed, including those ...

JAKARTA (Reuters) -The Indonesian Attorney General's Office has named three people, including the former president director of Sritex, as suspects in alleged corruption linked to bank loans to the now ...

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The collapse of Indonesian textile giant Sritex has put the industry on edge over further fallout from the dumping of Chinese goods brought on by looming American tariffs. Once Southeast Asia’s ...

Sri Rejeki Isman (Sritex) is one of the largest textile firms in Indonesia. Established in 1978, the company is a major supplier of fabric and garments. In 2020, the firm did nearly $1.3 billion in ...

JAKARTA: Indonesian textile giant PT Sri Rejeki Isman is contesting a court decision that declared it bankrupt as the company owner pledged to keep its factory open and see through the revival of the ...

JAKARTA (Reuters) -The president director of bankrupt Indonesian textile giant Sritex has been arrested as part of a corruption investigation, Indonesia's Attorney General's Office said on Wednesday.

Singapore, January 11, 2021 -- Moody's Investors Service has assigned a B1 rating to the proposed senior unsecured notes to be issued by Sri Rejeki Isman Tbk (P.T.) (Sritex, B1 negative) and ...