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 Employers' Association (Apindo) revealed that most of the companies leaving Karawang Regency were labor-intensive industries engaged in textiles, clothing, leather (TSK), footwear factories, and electronics. According to the Deputy General Chair for Agrarian, Spatial and Regional Planning of Kadin as well as the Chair of Apindo for Property and Economic Zones, Sanny Iskandar, companies that left Karawang were mostly due to the impact of the crisis due to the COVID-19 pandemic and high labor wages. “Companies that leave Karawang are mostly affected by the economy and high labor wages that are not in line with productivity. So, many entrepreneurs have to make tough decisions to continue operating as before before the pandemic," said Sanny Iskandar, Monday (20/6).

Prospective issuer of chemical producers, PT Chemstar Indonesia Tbk. (CHEM) plans to raise funds of up to IDR 95 billion from the initial public offering (IPO) on July 8, 2022. Based on the initial prospectus contained on the e-Ipo page, the prospective issuer that will use the CHEM stock code offers a maximum of 500 million new shares or a maximum of 29.41 percent of the company's issued and fully paid capital. CHEM will offer the shares to the public with an offering price range of Rp. 150 - Rp. 190 per share, thus the total value of the public offering is at most Rp. 95 billion.

The government decided to adjust the electricity tariff for customers above 3,500 VA. This decision had made a number of parties worried. PLN ensures that industrial and business customers will not be subject to electricity tariff adjustments. This step is taken to maintain the activities of the industrial and business sectors in order to firmly support the national economy. "The president's direction is clear, there will be no change in electricity tariffs for industry and business regardless of the power scale installed," said PLN President Director Darmawan Prasodjo.

Did you know that the clothing industry is the second largest contributor to waste in the world? Millions of trees are cut down every year to produce textiles, and tens of tons of textiles end up as waste that accumulates in Final Disposal Sites (TPA). And of the many used clothes that go into waste, only a quarter of them are recycled and donated. This pattern that is allowed to continue in the end contributes a large amount of carbon emissions to this earth. Concern about this issue then led Setali, a social company that focuses on dealing with the problem of fashion waste, to move to reduce the amount of carbon emissions generated by clothing waste in an interesting way.

 

The growth of the textile and textile products (TPT) industry has gradually recovered since the pandemic subsided, but has not been separated from the challenges it faces. Both associations and actors have different perspectives on the challenges facing the industry, but agree that there are some things that need to be changed and improved.  Anne Patricia Sutanto, Vice CEO of PT Pan Brothers Tbk and Group said that the challenge in the textile and textile product industry is to attract foreign investors to invest in the country, by building factories, or producing raw materials that are not produced in Indonesia.