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Stake Holder : Textile Industry Needs Fundamental Changes

 

A manufacturer of garments and textiles, especially underwear products, PT Ricky Putra Globalindo Tbk (RICY) seeks to improve its business performance in 2022. Just so you know, in the first quarter of 2022, RICY's net sales fell 20.89% year on year (yoy) to Rp 334.75 billion. Luckily, RICY was still able to achieve a net profit of Rp 1.91 billion in the first quarter of 2022, while in the first quarter of 2021 the company suffered a loss of Rp 17.26 billion. Director Ricky Putra Globalindo Tirta Heru Citra said that his party is not too concerned with the results of the performance in the first three months of 2022.

The impact of the weakening of the rupiah against the United States (US) dollar on the textile and textile product (TPT) industry did not attract much attention from the Indonesian Textile Association (API). Head of API Jemmy Kartiwa Sastraatmaja admitted that he was more worried about the weakening of Indonesian people's purchasing power and the threat of imported products coming in line with inflation in the United States and European Union countries. “What we are worried about is the weakening of Indonesian people's purchasing power and the swift import of products that attack the Indonesian market. Indonesian people's purchasing power is still better than other countries," said Jemmy, Monday (25/7).

 

The Central Java Textile and Workplace Industry Center for Industry and Trade has trained 51,800 ready-to-use workers, in an effort to reduce unemployment in the province. There are at least 13 companies, which have become partners of the Textile and Footwear Industry Center. HR and Compliance Manager of PT Pan Pacific Jakarta Semarang Branch, Tri Jaka Pamungkas, said that his party had collaborated with the Textile and Footwear Industry Center since 2012 and recruited quite a number of trainees. This was said when he was met on the sidelines of monitoring prospective workers, recently.