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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Easylink, an international payment service provider, has now opened transaction services to China by marking its participation in the China Homelife trade exhibition which took place on 24-26 May 2023 at the Jakarta International Expo. China Homelife is attended by professional trade suppliers from China with products covering a wide range of industries such as textiles and garments, building materials, households, industrial machinery, computers, IT, telecommunications, electronics and auto parts. Every year, more than 5,000 exhibitors and nearly 300,000 buyers attend the China Homelife trade show, achieving over US$1 billion in deals.
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The Association of Fiber and Filament Yarn Producers (Apsyfi) revealed that the condition of the domestic textile industry is on the brink of disaster. Now, domestic market-oriented companies are most threatened with bankruptcy. APSyFI Chairperson Redma Wirawasta said, in the third and fourth quarters of 2022, companies aiming for the export market were disrupted. This is because many countries have closed their doors to exports due to declining economic conditions. However, in the first quarter of 2023, the replacement of companies with domestic market goals is threatened.
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PT Sri Rejeki Isman Tbk alias Sritex took a number of steps to improve its financial performance, while saving the existence of its shares on the Indonesia Stock Exchange (IDX). Regarding the potential for delisting of textile issuers codenamed SRIL shares. Sritex's Director of Finance, Welly Salam, revealed that his party had carried out intensive communication with the stock exchange authorities. Welly emphasized that the issue of Suspension of Debt Payment Obligations (PKPU) had been completed.
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