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

 

Inflation in a number of countries in the world continues to rise and it is feared that it could have an impact on industry in the country. Inflation that hit a number of countries both in Europe and America could hamper the growth of Indonesia's manufacturing industry, such as the shoe industry, which experienced a decline in demand from several countries.

PT Eratex Djaja Tbk (ERTX) distributed cash dividends for the 2021 fiscal year of Rp 3.73 billion. The dividend distribution decision was approved at the company's Annual General Meeting of Shareholders (AGMS) on July 29. In the disclosure of information on the Indonesia Stock Exchange (IDX), the company will distribute dividends on September 1, 2022. Later, shareholders will receive a cash dividend of Rp 2.91 per share. Throughout 2021, this textile company earned a net profit of USD 1.58 million or equivalent to Rp. 23.61 billion, turning a profit from a previous loss of USD 970,496.

 

The state-owned company engaged in the telecommunications sector, PT Industri Telekomunikasi Indonesia (Persero) or abbreviated as INTI, is known to slowly sell some of its share ownership in the yarn producing issuer PT Sejahtera Bintang Abadi Textile Tbk (SBAT) aka SBA Textile. This sale was made three times since July 12, 2022, with a total of 20 million shares being released. SBAT's shares are known to be trading almost exclusively at the lowest price of Rp 50/share in the past year, except on several occasions, they briefly rose but immediately fell to the lowest level and attracted the attention of the stock exchange authorities who asked for information on the volatility of the transaction.