SRIL and PBRX Issue Global Bond
Textile Stakeholders Request Strengthening Industrial Integration
Parliament Asks to Control Illegal Importation of Textiles
IKATSI Reveals Details of Import Violations
MOI Optimizes Sustainable Resources For Industrial Production
Britain Will Ban Imports From China
RPP on Industry and Trade is Less Favorable to Local
Textile Industry Optimistic Could Recover This Year
Trade Surplus, Textiles Industry Still in the Red Zone
APR Encourages Supply Chains as the Focus of the Road Map
Pakistan's Exports to Indonesia Supported by Textile Products
ARGO Optimistic Will Improve Performance in 2021
APSyFI : PLB Threatens to Eliminate US $ 8.3 Million Yarn Exports
Stake Holder : Textile Industry Needs Fundamental Changes
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The wave of layoffs (PHK) in the country's labor-intensive industries has apparently not ended. After massive layoffs at the footwear (shoes) factory, now thousands of workers have also become victims of the garment factory layoffs. Not just layoffs, related companies are also reported to have had to completely close their factories because they could no longer survive and continue production. "Currently there are 3 garment factories that are in negotiations because the companies have difficulty paying severance pay. In Bandung, Solo, Pekalongan," said Chairman of the Indonesian Filament Fiber and Yarn Association (APSyFi) Redma Gita Wirawasta, Tuesday (30/5/2023).
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Issuer provider of cloth, uniforms and fashion, PT Trisula Textile Industri Tbk (BELL) is optimistic that the trend of improving performance in the first quarter of 2023 will continue in the second quarter of 2023. BELL Corporate Secretary Terry Aditya said that in the first quarter of 2023, BELL's performance was supported by the procurement of fabrics. He explained that the fabrics produced are usually customized orders or according to customer orders. "So different customers will have different specifications, so BELL can adjust to requests from customers. This includes fire retardant fabrics, so here the product development process also plays an important role in continuously improving the quality of BELL fabrics," he explained, Monday ( 29/5).
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Economist at the Center of Reform on Economics (CORE) Indonesia, Yusuf Rendy Manilet, believes that the potential for the continuation of the current debt crisis in the United States (US) is the weakening or slowing down of the US economy itself. However, the crisis can also have direct and indirect impacts on the economies of global countries, including Indonesia. "In the context of the direct impact of various export products, which so far have made the United States (US) the main export destination, they will make adjustments or their performance will slow down following the pattern of economic slowdown caused by the debt crisis," he said, Sunday (28/5/2023) .
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