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

 

Indonesia's economic growth in the second quarter of 2022 was recorded at 5.44% yoy, or increased from growth in the first quarter of 2022 which was 5.23% year on year (yoy). Head of the Central Statistics Agency (BPS) Margo Yuwono, said that the source of domestic economic growth in the period April 2022 to June 2022 is the processing industry or manufacturing industry. “The processing industry in the second quarter of 2022 grew 4.01% yoy. This growth is driven by the momentum of Ramadan and Eid al-Fitr," said Margo in an online presentation related to economic growth in the second quarter of 2022, Friday (5/8).

The Central Statistics Agency (BPS) recorded that the economic growth rate in the second quarter of 2022 was 5.44 percent. The manufacturing industry is the business sector that provides the largest contribution to national economic growth. Head of BPS, Margo Yuwono, said that the manufacturing industry during the second quarter recorded a growth of 4.01 percent year on year (yoy). Although the growth rate decreased from 5.07 percent in the previous quarter, industry contributed 17.84 percent to economic growth or the largest of the total 17 business fields recorded by BPS.

The government invites the domestic fashion industry to welcome the demand for sustainable products in the future. Generation Z or Gen Z in the country is a potential market for related industries to continue to maximize their economic opportunities. The Director General of Small, Medium and Multifarious Industries (IKMA) of the Ministry of Industry, Reni Yanita, explained that currently environmental issues are one of the issues that are quite interesting for the younger generation. Therefore, the change in lifestyle becomes interesting to be responded to by designers or creative industry players.