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Crazy Rich Lohia Acquires Gold Mine for US$21M

JAKARTA (TheInsiderStories) - PT Indorama Synthetics Tbk (IDX: INDR), the textile company owned by "crazy rich" Sri Prakash Lohia, has completed the acquisition of 80 perncet...

Indonesia’s Sritex Postpones the Global Bond Issuance

JAKARTA (TheInsiderStories) - Textile producer, PT Sri Rejeki Isman Tbk (IDX: SRIL) or Sritex has postponed its plan to issue global bond due to unfavorable market...

Indonesia’s Sritex Offers Bond US$150M for Debt Refinancing

JAKARTA (TheInsiderStories) - Indonesian textile manufacturer, PT Sri Rejeki Isman Tbk (IDX: SRTX) also known Sritex, offered senior unsecured notes US$150 million for debt refinancing. Moody's...

Moody’s Downgrades Sritex Rating to B1 on the Weaken Liquidity

JAKARTA (TheInsiderStories) - Moody's Investors Service has downgraded the local textile producer, PT Sri Rejeki Isman Tbk also known Sritex (IDX: SRTX) corporate family rating from Ba3...

Indonesia’s Pan Brothers to Issues Global Bond US$350M

JAKARTA (TheInsiderStories) - Indonesian textile producer, PT Pan Brothers Tbk (IDX: PBRX) plans to issues global bond with a maximum values of US$350 million, said...

Indonesia’s Sritex Proposes Debt Extension Until 2024

JAKARTA (TheInsiderStories) - Textile producer, PT Sri Rejeki Isman Tbk (IDX: SRIL), also known Sritex, proposed to extends the maturity of the syndicated loan...

Indonesia’s Sritex Releases MTN to Pay Debt US$30M

JAKARTA (TheInsiderStories) - Indonesian textile producer,  PT Sri Rejeki Isman Tbk (IDX: SRIL), also known Sritex, announced has issued Medium Term Notes (MTN) worth of...

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...
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