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 fashion brand from Stockholm, Sweden, reportedly H&M decided to close all of their stores in England. Changes in fashion trends and customer behavior have forced the brand, which has been around for almost 66 years, to reorganize its business plan. A spokesperson for H&M UK & Ireland said amidst the unpredictable changes in behavior over the last few years, it was necessary to evaluate performance. This is because during September-November, H&M's turnover in the country was very thin due to soaring production and distribution costs.
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South Korea and Cambodia agreed Friday to boost bilateral trade and investment by maximizing their free trade agreement (FTA), which took effect last month, the South's industry ministry said. Discussions regarding these efforts were carried out in a business and investment forum held in Seoul. The forum brought together South Korean Trade Minister Ahn Duk-geun and Cambodian Trade Minister Pan Sorasak, said the South Korean Ministry of Trade, Investment and Energy. The forum was also attended by government officials and business representatives from the two countries.
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Termination of employment (PHK) in labor-intensive industries has been getting worse lately. This condition cannot be separated from the decline in export demand, which has fallen for export-oriented RI products. Entrepreneurs also warned that the domestic market could be secured. "We believe that when there is a product war at home from abroad, it must be anticipated, so that national consumption is empowered by government stimulus. So all domestic products don't have to be export-oriented, purchasing power must be boosted first," Deputy Chairperson of Kadin Indonesia's Employment Sector Adi Mahfudz, Monday (23/1/2023).
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