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

 

Canadian Foreign Minister Melanie Joly on Friday (20/5) announced a ban on exports of targeted luxury goods to Russia as well as a ban on imports of targeted luxury goods from Russia. According to a news release, Canada banned the export of targeted luxury goods to Russia, including alcoholic beverages, tobacco, a number of textile products and sportswear, footwear, luxury clothing and accessories, jewelry, kitchenware, and works of art. Canada has also banned imports of targeted luxury goods from Russia, which include alcoholic beverages, seafood, fish and non-industrial diamonds.

 

President Jokowi some time ago visited the United States to attend a special United States-Asean Summit (Summit). It is not limited to maintaining multilateral relations, there is a desire for Indonesia to obtain capital to increase the production of domestic needs. The visit has strategic significance from a bilateral, regional and global perspective, and provides real practical benefits for Indonesia. Bilaterally, the United States is Indonesia's third largest trading partner after China and Japan. These figures tend to increase from year to year and are projected to continue to increase in the coming years.

 

Textile giant PT Sri Rejeki Isman (Sritex) now has to face the threat of delisting because the sale of its shares has been suspended for almost two years. The suspension of Sritex stock trading began when the company defaulted on its short-term debts. The public is also made to wonder, how is the condition of the textile industry now that one of the giants has failed to pay its debts? The textile and apparel industry was once the prima donna and mainstay of Indonesia's exports. However, the Asian Crisis in 1998 made the grip on the textile industry loosen. The economic downturn, lack of investment, and the pace of imports took a hit to the industry.