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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- Written by Editor
Business actors in the textile and textile product (TPT) industry stated that they were ready to carry out independent vaccinations by spending money from the company's pockets. This proposal was also conveyed to the Government, especially the Ministry of Industry. One of the points that business actors demand is transparency regarding the price of vaccines for independent vaccination. Business actors can spend money as long as the price is reasonable.
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The military coup in Myanmar caught the world's attention. Myanmar has seized power after detaining Aung San Suu Kyi and other democratically elected leaders. The military has accused Suu Kyi's party's landslide victory in the recent general election marred by fraud.
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Pan Brothers' long-term issuer default rating (IDR) was downgraded to C from CC. Fitch Ratings to lower the rating because PBRX issuers have financial difficulties to pay off their loan obligations. This international rating agency also cut Pan Brothers' global bond rating by USD171 million due in January 2022 to C from CC with a fixed bond recovery rating at RR4. The rating downgrade follows the action of Pan Brothers which has entered into a standstill agreement with the bank not to take action action, which is in accordance with Fitch's definition for rating C. The standstill period has ended on 27 January 2021.
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