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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Illegal imports still overshadow the country's textile and textile products industry. Chairman of the Association of Indonesian Textile Experts (Ikatsi) Suharno Rusdi said illegal importation of textiles has been rampant in the last two years. In August last year, the Attorney General's Office of the Republic of Indonesia revealed the findings of 566 containers containing textile materials with volume reduction (under volume) mode and types of goods to reduce the import duty obligation for temporary security measures (BMTPS) or safeguards.
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Two textile issuers, PT Sri Rejeki Isman Tbk. (SRIL) and PT Pan Brothers Tbk., (PBRX) plan to emit global bonds this year with a target fund raised of more than US $ 300 million. Sri Rejeki Corporate Communication Isman Joy Citradewi said that the company plans to issue new debt securities denominated in US dollars in a principal amount of up to US $ 325 million.
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The Association of Fiber and Filament Yarn Producers (APSyFI) stated that the Draft Government Regulation (RPP) on the Implementation of the Job Creation Act in the Industry and Trade sector is still very normative.
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Britain plans to ban imports of Chinese products suspected of using Uighur forced labor in Xinjiang Province. The British government is concerned that the local textile industry is not checking closely whether goods from Xinjiang, which supplies nearly a quarter of the world's cotton, are made without the use of forced labor.
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The Association of Indonesian Fiber and Filament Yarn Producers (APSyFI) stated that the national textile industry is optimistic that it can return to its pre-pandemic position in 2021.
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