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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PT Trisula International Tbk (TRIS), a listed company providing integrated apparel in the textile and garment sector, aims to increase export sales following predictions of an improvement in the global economy. Bank Indonesia estimates that world economic growth has the potential to be higher than the previous estimate of 2.3% due to the elimination of the tightening policy or Zero Covid Policy in China. The reopening of mobility and the lifting of the zero covid policy had a major impact in the form of increasing demand for goods and services from China. Following China, Japan's decision to also open up after the reduction in the status of the Covid-19 pandemic became additional positive news for TRIS, considering that Japan is one of the export destination countries for the company's products.
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The national footwear industry will again face another wave of mass layoffs (PHK) in the first semester of 2023, due to a drop in export demand of up to 40-50%. At the end of last year, this labor-intensive industry laid off 25,700 workers due to a decline in export orders. The low incoming orders will have an impact on lowering footwear exports this year. "Initially I suspected layoffs would take place in the first quarter of 2023, but export demand has not improved. There has been no good news, including the economy for the export destination of the footwear industry, so the wave of layoffs is likely to continue for the next six months," said the Executive Director of the Association. Indonesian Shoe Association (Aprisindo) Word, recently.
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Even though the import of used clothes is prohibited by law, for years this practice seems untouched by the law. Recently, the offer of thrifting apparel has become even more widespread, happening in almost all regions in Indonesia. In fact, according to General Chair of the Indonesian Textile Association (API) Jemmy Kartiwa, Small and Medium Industries (IKM) are the parties most affected by the practice of trading used clothes imported from abroad. "For the domestic market, the majority have been done by IKM. So, the most affected by the (import trade) of used clothes are IKM, because if large garments are working on big brands and exports," said Jemmy, Friday (3/3 )
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