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 Indonesian textile and textile product (TPT) industry players urge the government to optimize the domestic market in anticipation of the impact of the US economic recession. Chairman of the Indonesian Filament Yarn and Fiber Association (APSyFI) Redma Gita Wirawasta said that optimizing the domestic market is very possible because domestic purchasing power and demand are safe. "Domestic demand is not a problem. Purchasing power is also not a problem. National inflation is still under control," said Redma, Sunday (31/7/2022).
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Secretary General of the Ministry of Industry Dody Widodo invites the public to be able to use more textiles and textile products (TPT) produced by domestic companies. The use is expected to hoist the Indonesian economy in the midst of world economic turmoil. He said, currently the domestic market is still flooded with foreign products such as China. With a cheaper price, people are then lulled into using products from that country. "Take care that we don't get flooded with foreign products. We still take batik from China, all from China. This doesn't happen continuously," said Dody at the closing of the 2022 Indonesia Textile Summit at the STTT Polytechnic Bandung, Saturday (30/7/2022). ).
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Sri Lanka finally got fresh air from the International Monetary Fund (IMF) after the election of President Ranil Wickremesinghe. It is hoped that Sri Lanka's bankruptcy will be resolved soon.Both sides had originally wanted to finalize the deal by August 2022. However, due to recent unrest, the deal was pushed back until September 2022. The archipelago of 22 million people has $12 billion in foreign debt with private creditors. Last weekend, Sri Lanka's Ministry of Finance discussed more specifically about the IMF bailout. The government said the talks were very successful.
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