Latest news with #NormanHarsono
Bloomberg
29-03-2025
- Business
- Bloomberg
Indonesians Are Feeling Market Gloom Ahead of Major Eid Holiday
By and Norman Harsono Save Indonesia's market turmoil is adding to the economic worries sapping sentiment among consumers, businesses and retail investors ahead of one of the Southeast Asian country's biggest holidays. Benedicta Alvinta, a freelance marketing strategist in the central Java town of Yogyakarta, says the 'nerve-racking' slide in Indonesian stocks hurt her investment portfolio largely focused on shares, followed by government retail bonds, mutual funds and gold.
Bloomberg
03-03-2025
- Business
- Bloomberg
Indonesia Textile Giant to Lay Off Workers as Lenders Deny Deal
By and Norman Harsono Updated on Save Indonesian textile giant PT Sri Rejeki Isman will lay off thousands of workers as it prepares to shutter operations after failing to reach agreement with creditors. Creditors of Sritex, as the garment maker is known, turned down a going concern request during a court-supervised meeting in Semarang, Central Java province, on Friday, the company said in a statement. They agreed to form a committee to settle the bankrupt company's assets, it added.
