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Textile Industry Optimistic Could Recover This Year

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Stake Holder : Textile Industry Needs Fundamental Changes

In order to maintain stock price liquidity in the market, PT Trisula International Tbk. (TRIS) will buy back shares or buyback of shares that have been issued by the company which is listed on the Indonesia Stock Exchange (IDX). Maximum buyback is made of 10% of the outstanding shares. This information was conveyed by the company in a press release in Jakarta yesterday.

The virtual exhibition InaFashion Smesco Expo 2021, which is held on April 21-30 2021, is expected to encourage national economic recovery, especially UMKM in the fashion sector. The exhibition, which is organized by Inaproduct in collaboration with Smesco Indonesia.

In recent years, Indonesia has continued to experience a significant trend of increasing imports of textiles and textile products (TPT). Starting in 2015, Indonesia imported up to US $ 7.98 billion of TPT from various countries. That figure slowly increased in 2016 to US $ 8.16 billion and 2017 to US $ 8.80 billion.