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

Textile entrepreneurs revealed that the export growth that is included in the current government data is the production in June-July 2022.This statement from the West Java Textile Product Entrepreneurs Association (PPPTJB) responded to the Minister of Finance Sri Mulyani who said that textile and textile product exports (TPT) still showed high growth. "Yesterday, there was information that export data was still large in September. The large export figure was due to the June-July production. It's still at work, right. But later, for example, now orders are quiet. Later December to January will feel (fallen)," said PPPTJB Spokesperson Sariat Arifia , Wednesday (9/11/2022).

The storm approached the textile and textile products (TPT) industry sector. Starting from the weakening of the rupiah, the decline in market demand that led to layoffs. Research & Consulting Manager Infovesta Utama, Nicodimus Kristiantoro explained that the prospect of textile issuers will still be constrained by the depreciation of the rupiah. Considering that the majority of TPT issuers still import raw materials. "The quiet export market has also resulted in a decline in the sales value of textile issuers. As happened to PBRX issuers and other textile issuers," he explained, Monday (7/11).

The threat of a recession is getting real. A number of textile industries in the country one by one began to collapse. Of the 15 textile issuers listed on the IDX, almost all of them experienced a decline in sales. A number of factors are the trigger. Among them, the value of the rupiah is getting weaker against the United States (US) dollar. Research & Consulting Manager Infovesta Utama Nicodimus Kristiantoro assesses that sluggish demand has reduced the sales of listed companies. "This is especially experienced by issuers whose sales are mostly to the export market," Nico said Monday (7/11).