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 threat of an economic recession in the United States (US) seems to be getting worse, especially if the US government fails to pay its debts. A number of export-oriented businessmen to Uncle Sam's country should also be wary if the US enters a recession. Secretary General of the Indonesian Exporters Association (GPEI) Toto Dirgantoro said that exporters had begun to feel the impact of the US economic crisis towards the end of 2022. This was marked by the many contracts for shipping export products to the US which were terminated or postponed due to uncertainty in the country.
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The textile and textile products (TPT) industry recorded investment realization of IDR 4.63 trillion in the first quarter of 2023, up 89.41% compared to the same period last year of IDR 2.44 trillion. The increase in investment, especially in the form of Domestic Investment (PMDN), occurred amid sluggish export orders. “The jump in investment occurred due to the improving demand for textile products in the country since the beginning of last year. And those who understand the domestic market better are local investors compared to foreign investors. So that when domestic demand starts to increase, local investors can immediately respond," said Chairman of the Indonesian Filament Fiber and Yarn Association (APSyFI) Redma Gita Wirawasta, recently.
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Issuer provider of fabrics, uniforms and fashion, PT Trisula Textile Industries Tbk (BELL) is optimistic that the textile business trend ahead of the election is expected to experience a significant increase.BELL Corporate Secretary Terry Aditya Zulfianda said, it is expected that there will be an increase in demand for the manufacture of T-shirts, uniforms, banners, jackets, hats/merchandise during the campaign. "Economists also estimate significant growth in preparation for the 2024 general election, especially in the textile and F&B industry," Terry said, Friday (12/5).
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