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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- Written by Admin1
The debt of the United States (US) penetrated USD 31.4 trillion or around IDR 460 thousand trillion at an exchange rate of IDR 14,900 / USD. From the nominal amount and the current crisis, the US is threatened with default. To anticipate this failure, the US is currently trying to consolidate steps to increase the debt ceiling. Director of the Center of Economic and Law Studies (Celios), Bhima Yudhistira said the consequences of this policy would have an impact on cutting government spending and being able to reduce domestic consumption.
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- Written by Admin1
The Ministry of Industry (Kemenperin) noted that in the range from July 2022 to April 2023, foreign investment entered the textile and textile products (TPT) and footwear industry sector worth IDR 3.59 trillion. The investment succeeded in absorbing a workforce of 27,281 people. Ministry of Industry data received by the coil noted that for the footwear industry sector (KBLI 15201 and 15202) there were 7 new investment companies that received injections from foreign investment. Among them are PT Hwa Seung Indonesia (Pati Regency), PT Young Tree Industries (Sukoharjo Regency), and PT Forever One Internasional (Semarang City).
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The textile industry in Indonesia will still face pressure due to the invasion of illegal imports and weakening global demand. Evidently, Indonesia's cotton imports are predicted to remain unchanged this year, namely around 2 million bales. Assuming the thread industry will still use up existing inventory or stock before buying a new one. Imports in 2022 are predicted to drop to 2 million bales from the previous 2.57 million bales in 2021. "Sluggish global demand and intense competition with imports in the domestic market has resulted in lower cotton consumption," said the April 2023 issue of the USDA FAS (agricultural information service) April 2023 report.
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