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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The government said that meeting green industry standards would be a requirement for Indonesian manufactured products to enter a number of export destination countries. Minister of Industry Expert Staff for Business Climate and Investment (Kemenperin) Andi Rizaldi said the application of green industry standards is a tool for the manufacturing industry to comply with regulations in export destination countries. "Especially regarding sustainable practices and commodity risk management, so that it becomes a competitive advantage for the national industry," said Andi in a press release, Saturday (26/11/2022).
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Minister of Finance Sri Mulyani Indrawati said that the increase in global interest rates and a weakening economy would affect exports in a number of developing countries, including Indonesia.Sri Mulyani revealed that aggressive interest rate increases in developed countries must be carried out to suppress rising demand and trigger inflation. "We will see this phenomenon, the reason is that in developed countries, with aggressive interest rate hikes they want to control demand," he explained at the Press Conference on Our State Budget, quoted Friday (25/11/2022).
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Hundreds of workers at a textile factory in Puwosuman Village, Masaran District, Sragen went on strike. Because of this, they refused to be transferred, allegedly as an effort to reduce the number of employees. Head of the Manpower Office (Disnaker) of Sragen Regency, Muh Yulianto, said that around 250 workers of PT Bintang Asahi Textile Industry (BATI), since Wednesday (23/11/2022). Currently, this problem is being resolved bipartitely. "We encourage settlement by deliberation, the important thing is conducive. A bipartite settlement is being sought between the workers and the company, we hope it can be completed," he said, Thursday (24/11/2022).
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