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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The Ministry of Industry (Kemenperin) stated that the textile and footwear industry was under pressure. This is because the traditional industrial markets, namely the United States (US) and Europe, are sluggish. Even so, Minister of Industry Agus Gumiwang Kartasasmita said the government predicted the global economic downturn would not last long. "It will take until the second quarter of next year to rebound. It's just that until the second quarter, it will be an important momentum to be able to help due to the slumping global economy," he said at a press conference in Jakarta, Tuesday (27/12).
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The extension of the restructuring of the Financial Services Authority (OJK) can reduce the deterioration of credit quality. The projection of the increase in credit increases is increasing in 2023 and is increasingly underlying the banking non -performance loan (NPL). OJK data recorded banking NPLs reaching 2.78% in September 2022. This value continued to decline 3.00% in December 2021. Along with the shrinking credit restructuring from Rp 663.49 trillion to Rp 519.64 trillion in the third quarter of 2023. OJK extends relaxation of loan restructuring affected by Covid-19 until March 2024. This applies to the MSME sector as a whole. Then, special labor -intensive industries for textiles and textile products (TPT) and footwear industry.
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The composite stock price index or JCI tends to be stagnant amidst the wait for the announcement of the BI reference rate (BI7DRRR). The index closed the session at the level of 7,017.2, strengthening 0.04 percent lower than the closing figure on Wednesday, November 16, 2022, at 7,014.3. As of the end of today's first trading session, 211 stocks rose, while 290 fell, and 192 were stagnant. "The transaction value reached IDR 5.7 trillion, the trading frequency was 721,468 times and the trading volume was 110.7 million lots," said PT Samuel Sekuritas Indonesia's team of analysts, Tuesday, November 15, 2022.
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The Coordinating Minister for Human Development and Culture (Menko PMK) Muhadjir Effendy together with the Main Director of BPJS Ketenagakerjaan (BPJamsostek) Anggoro Eko Cahyo accompanied by the local government visited a number of labor-intensive industrial locations in West Java, Wednesday, 16 November 2022. The industrial companies reviewed included PT Kahatex in Rancaekek, Bandung, and PT Chang Shin in Karawang. This visit follows reports from a number of associations to Coordinating Minister Muhadjir that there are companies engaged in labor-intensive industries such as textiles that are experiencing slowing performance.
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Textile materials in the Industrial Revolution 4.0 have now begun to be developed in Indonesia, especially by the STTT Bandung Polytechnic, the Ministry of Industry of the Republic of Indonesia. Textile sensors are textile materials that have the ability to sense stimuli from the surrounding environment. The manufacture of touch sensors using the principle of capacitive sensors made of textiles offers better form features and interface flexibility between humans and machines compared to conventional electronic touch sensors in general.
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