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

 

Indonesia's textile industry is still quite challenging in line with the rise of imports of textile products in the domestic market. An investigation was also carried out by the Indonesian Trade Security Committee (KPPI) at the request of the Indonesian Textile Association (API). KPPI chairman Mardjoko confirmed that some time ago his party received an official letter regarding the request for an investigation into the extension of the imposition of trade security measures (safeguards) on imports of yarn, fabric, and curtain products submitted by the Indonesian Textile Association (API) as representatives of the producers of the three products.

 

Bank Permata economists believe that the current condition of the Indonesian economy has shown a recovery, and has even surpassed pre-COVID-19 conditions or in 2019. However, Bank Permata chief economist Josua Pardede warned that the economic recovery that has occurred has not been evenly distributed both in terms of expenditure and business fields "From the consumption side, there are some sections of society that have not returned to normal. In terms of business fields, not all sectors have recovered. We take the example of the manufacturing sector, there are some sub-sectors that have negative growth, such as the textile sector," said Josua

The Ministry of Investment/Coordination and Investment Agency (BKPM) noted that the realization of investment in the manufacturing sector during the first quarter of 2022 reached Rp 103.5 trillion. This achievement contributed 36.6% of the total investment realization in the first quarter of 2022, which reached Rp 282.4 trillion. In percentage terms, the proportion is the highest since 2018 to 2019 which is in the range of 30.8%-31.6%, although it is still below the service sector whose proportion is in the range of 44%.