Indonesia's troubled textile firm PT Sri Rejeki Isman, or Sritex, is in talks with potential investors to take over assets ...

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

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

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

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

The Sritex bankruptcy liquidators could not work properly to recover loans owed to creditors. There were threats from senior ...

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

Authorities claim to have identified 10,666 job vacancies in Surakarta and the surrounding areas in industries including ...

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

JAKARTA, March 5 (Bernama) -- Indonesia’s textile industry is on the brink of a major crisis as over a dozen large ...

JAKARTA, March 3 (Reuters) - Indonesia's troubled textile firm PT Sri Rejeki Isman (SRIL.JK), opens new tab, or Sritex, is in talks with potential investors to take over assets under a lease ...