Tag: Textile
Indonesia’s Duniatex Escapes from Bankruptcy
JAKARTA (TheInsiderStories) - Semarang-based textile producer, Duniatex Group finally escaped the threat of bankruptcy after the suspension of the debt payment obligation on June...
Indonesia Imposes New Import Tariff for Textile Products
JAKARTA (TheInsiderStories) - To protect local producers from a surge imports of fabric, yarn, and curtains, Indonesian government has imposed new tariffs since May until November 2022,...
Moody’s Affirms Sritex Rating, Downgraded Pan Brothers
JAKARTA (TheInsiderStories) - Moody's Investor Service affirmed corporate family rating of publicly listed textile producers, PT Sri Rejeki Isman Tbk or Sritex (IDX: SRIL) rating at...
Tanoto Build the Largest Textile Plant in Riau
JAKARTA (TheInsiderStories) - Local textile producer, PT Asia Pacific Rayon (APR), unit of Royal Golden Eagle (RGE) group, is committed to invests Rp20 trillion (US$1.48 billion) to strengthen...
Moody’s Affirms Pan Brothers’s B1 Ratings, Outlook Negative
JAKARTA (TheInsiderStories) - Moody's Investors Service has affirmed PT Pan Brothers Tbk (IDX: PBRX) B1 corporate family rating (CFR). At the same time, The agency has affirmed the...
Indonesia’ Trisula Issues New Shares to Fund the Acquisition of BELL
JAKARTA (TheInsiderStories) - Indonesian garment and trade company, PT Trisula International Tbk (IDX: TRIS) get the permit from its shareholdes to run rights issue program,...
Indonesia Sritex Offers Senior Notes US$225M to Pay Debt
JAKARTA (TheInsiderStories) - PT Sri Rejeki Isman Tbk (IDX: SRTX) also known Sritex offered bond US$225 million. Moody's Investors Service has assigned a Ba3 rating to the...
Indonesia’s Sritex Potential to Reap Exports US$1B
JAKARTA (TheInsiderStories) - PT Sri Rejeki Isman Tbk (IDX: SRIL) or Sritex has the potential to reap export US$1billion from a trade war between...
Moody’s: Indonesian Textile Companies Not Immune to US – China Trade...
JAKARTA (TheInsiderStories) - Moody's Investors Service rated that the United States (US) - China trade dispute could lead to an influx of Chinese yarn, fabric and...
US-China Trade War Profits Investment in Indonesian Industry
JAKARTA (TheInsiderStories) – Trade war tension between the United States (US) and China creates new opportunities for Indonesia industrial investment, said one official last...
