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Stake Holder : Textile Industry Needs Fundamental Changes

The Head of the Trade Policy Agency (BKP) of the Ministry of Trade (Kemendag) Kasan emphasized the need for efforts to equalize perceptions with stakeholders to prevent and recover serious losses for domestic industry players, especially the Textile and Textile Products (TPT) sector. This was emphasized by Kasan when opening the Antidumping, Antisubsidy and Safeguard Investigation Initiation Workshop at the Alila hotel, Solo, Central Java, Friday (11/25/2022). This activity is the second time it has been held by BKP, having previously been held in Bandung on 31 October 2022.

The government said that meeting green industry standards would be a requirement for Indonesian manufactured products to enter a number of export destination countries. Minister of Industry Expert Staff for Business Climate and Investment (Kemenperin) Andi Rizaldi said the application of green industry standards is a tool for the manufacturing industry to comply with regulations in export destination countries. "Especially regarding sustainable practices and commodity risk management, so that it becomes a competitive advantage for the national industry," said Andi in a press release, Saturday (26/11/2022).

Hundreds of workers at a textile factory in Puwosuman Village, Masaran District, Sragen went on strike. Because of this, they refused to be transferred, allegedly as an effort to reduce the number of employees. Head of the Manpower Office (Disnaker) of Sragen Regency, Muh Yulianto, said that around 250 workers of PT Bintang Asahi Textile Industry (BATI), since Wednesday (23/11/2022). Currently, this problem is being resolved bipartitely. "We encourage settlement by deliberation, the important thing is conducive. A bipartite settlement is being sought between the workers and the company, we hope it can be completed," he said, Thursday (24/11/2022).

Minister of Finance Sri Mulyani Indrawati said that the increase in global interest rates and a weakening economy would affect exports in a number of developing countries, including Indonesia.Sri Mulyani revealed that aggressive interest rate increases in developed countries must be carried out to suppress rising demand and trigger inflation. "We will see this phenomenon, the reason is that in developed countries, with aggressive interest rate hikes they want to control demand," he explained at the Press Conference on Our State Budget, quoted Friday (25/11/2022).

The phenomenon of mass layoffs is increasingly rife in Indonesia, both from the textile, apparel and digital sectors. Responding to this phenomenon, economist and Director of Celios Bhima Yudhistira said that the government must immediately take swift steps to deal with the problem. "The government must immediately issue a policy package to anticipate these mass layoffs, and do not rule out the possibility that sectors that are vulnerable, for example, with an increase in interest rates, such as the property, motor vehicle and construction sectors, will make efficiency or reduce the number of employees," said Bhima to the MNC Portal. Indonesia in Jakarta, Wednesday (23/11/2022).