Indonesia’s textile industry is on the brink of a major crisis as over a dozen large manufacturers plan to relocate from Vietnam, sparking concerns of factory closures and widespread layoffs, industry ...

Eid-related incentives may not be enough to boost people’s purchasing power amid the economic slowdown, analysts warn.

The island of Java is the most affected, where there has been a significant impact on the production sector. Among the ...

Manpower Minister Yassierli will oversee the distribution of benefits, comprising Old Age Security (JHT), Job Loss Security ...

Under this plan, future investors will rent Sritex’s industrial machines and restart operations, bringing back workers under ...

TEMPO.CO, Jakarta - Indonesia's troubled textile firm PT Sri Rejeki Isman, or Sritex, is in talks with potential investors to ...

ILUSTRASI. China announced a ban on Tuesday on imports of genetic sequencers from U.S. medical equipment maker Illumina.

Indonesia’s largest textile manufacturer, Sri Rejeki Isman, or Sritex, has officially shut down operations, leading to 10,965 ...

Sritex, once Southeast Asia’s largest textile manufacturer, used to provide military uniforms for Nato and the German Army.

Sritex was declared bankrupt at the end of last year as it struggled to service its debts, which reached $1.6 billion in June ...

President Prabowo Subianto met with several ministers from his Red and White Cabinet and representatives of the bankrupt ...