Indonesia textile and garment manufacturer PT Sri Rejeki Isman, commonly known as Sritex, is reportedly in discussions with potential investors regarding the leasing of its assets.

Indonesia's troubled textile firm PT Sri Rejeki Isman , or Sritex, is in talks with potential investors to take over assets under a lease scheme, the company's curator said on Monday.

A major labour 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.

Sritex was declared bankrupt at the end of last year as it struggled to service its debts, which reached $1.6 billion in June. It stopped operations on March 1 after failing in its appeal against ...

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.

Sritex’s collapse highlights Indonesia’s textile industry’s struggle against cheap Chinese imports and lack of government support amid looming US tariffs. Reading Time: 4 minutes.

Indonesia arrests CEO of textile giant Sritex. 22-May-2025, 11:20. 22 May 2025, 11:20. Reuters. Share. Iwan Setiawan Lukminto was detained due to alleged irregularities related to a bank loan.

Sritex made its stock market debut on IDX in 2013, riding high on its reputation as a textile titan. The Lukminto family, which owns the company, were once among Indonesia’s 50 richest, with a fortune ...

JAKARTA, Indonesia — 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 ...

Indonesia textile and garment manufacturer PT Sri Rejeki Isman, commonly known as Sritex, is reportedly in discussions with potential investors regarding the leasing of its assets.

JAKARTA – A major labour 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 ...