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
- Details
- Written by Admin1
Based on the association's report, the textile and textile products (TPT) and footwear industry experienced a slowdown in performance. This is due to decreased utilization in the fiber industry (20%), spinning (30%), weaving and knitting (50%), garments (50%), baby clothes (20-30%), and footwear (49%) . Some of these companies are said to have cut their working hours to 3-4 days. The usual working hours are 7 working days. Meanwhile, workers affected by layoffs from the textile and garment industry were reported to have reached 92,149 thousand people and from the footwear industry as many as 22,500 people. However, from the results of the report, cross-checks are being carried out in the field by the Ministry of Industry's internal task force (Kemenperin) and related institutions.
- Details
- Written by Admin1
Recently, the issue of mass layoffs (PHK) emerged in the manufacturing sector, especially in the textile and textile products (TPT) industry, which triggered pressure for the government to limit imports. University of Indonesia economist Fithra Faisal Hastiadi assessed that the restrictions on textile imports were not the answer to the problems of the national textile industry sector. He explained that the problem of Indonesian textiles is related to losing competitiveness. On the other hand, according to him, backward participation in the Indonesian market is very closed so that access to raw materials is hampered and has an impact on expensive input costs.
- Details
- Written by Admin1
Textile and textile product (TPT) business actors responded to the government's plan to facilitate debt repayment or restructuring for the industrial sector. For information, the plan was put forward by Coordinating Minister for the Economy Airlangga Hartanto in a press conference on the Achievement of Economic Growth for the Third Quarter of 2022, Monday (7/11). Airlangga assessed that several industrial sectors were still vulnerable to experiencing a slowdown in performance to the point of having to lay off their employees, in line with the uncertainty of the global economy.
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