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

 

The Indonesian Coal Mining Association (APBI-ICMA) assesses that the management of coal procurement by PLN has contributed to the commodity supply crisis. PLN is encouraged to improve procurement governance to secure supply. This was stated by the Executive Director of APBI-ICMA, Hendra Sinadia in front of Commission VI DPR RI, Wednesday (19/1). This BUMN partner has begun to explore how the governance in the national coal industry actually causes a supply crisis for PLN's needs which has occurred recently.

 

The Singapore High Court approved the restructuring scheme proposed by PT Pan Brothers Tbk in a trial that took place on January 17, 2022. The information was submitted by the management of the issuer coded PBRX in a letter containing material facts to the Financial Services Authority. "The regulatory scheme set out in Schedule 1 of the regulatory scheme has been approved in accordance with Paragraph 1 Article 71 of Law Number 40 of 2018 which regulates restructuring and disbandment," said Director of Pan Brothers Fitri Ratnasari Hartono in an information disclosure report, Tuesday, January 18, 2022.

 

The textile industry will again make a jumbo investment this year. Large numbers of investors are made because industry players have secured several regulations that guarantee the certainty of the domestic market. Major investments will be made to produce rayon and polyester. "Upstream production will increase investment by Rp 12 trillion for the production of rayon and polyester," said Director of the Textile, Leather and Footwear Industry at the Ministry of Industry, Elis Masitoh, Tuesday (18/1). The Ministry of Industry (Kemenperin) noted that the utilization of the national textile industry reached 69.4% throughout 2021 with a production output of 6.92 million tons. Meanwhile, the entire production value of the textile industry last year reached Rp 1,496.68 trillion.

The polemic of the critical supply of coal for domestic needs is not only experienced by PT PLN (Persero) as the operator of the power plant, but also by domestic manufacturers. Currently, many entrepreneurs are giving up the use of this black stone commodity and turning to other energy sources in order to keep their factories running. One of them is felt directly by the producers of fiber and filament yarn. "We turned off the power plant because we couldn't get coal, which usually uses coal now we can't. Even if there is, it's already very expensive, it's better to use PLN," said Secretary General of the Indonesian Fiber and Yarn Fiament Producers Association (APSyFI), Redma Gita Wirawasta. , Tuesday (11/01/2022).

The initiation of investigations into safeguards or safeguards has the potential to re-emerge in 2022, continuing the trend in 2020 and 2021. However, requests for investigations are not expected to end much in the imposition of import duties on security measures. University of Indonesia (UI) economist and Next Policy Executive Director Fithra Faisal Hastiadi said the increase in imports was unavoidable during the economic recovery period. Indonesian imports, especially for industrial raw materials, have been relaxed since 2020.