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 threat of a recession is getting real. A number of textile industries in the country one by one began to collapse. Of the 15 textile issuers listed on the IDX, almost all of them experienced a decline in sales. A number of factors are the trigger. Among them, the value of the rupiah is getting weaker against the United States (US) dollar. Research & Consulting Manager Infovesta Utama Nicodimus Kristiantoro assesses that sluggish demand has reduced the sales of listed companies. "This is especially experienced by issuers whose sales are mostly to the export market," Nico said Monday (7/11).

Deputy Secretary General of the Zhejiang Provincial Government announced, New Silk Road Story Exchange Keqiao Forum 2022 and 5th World Textile Trade Conference will be held November 15-20 in Keqiao District, Shaoxing City, Zhejiang Province. He said this in a press conference on Thursday (3/11). The Keqiao area is world famous for its textile industry. Nearly 1/4 of the world's light textile fabrics are traded there every year. Keqiao's annual textile export volume also reaches more than 100 billion yuan (or about Rp. 218 trillion), covering 192 countries and regions.

The Ministry of Finance (Kemenkeu) noted that the performance of the textile and manufacturing industry in the country strengthened throughout the third quarter of 2022 amid the issue of Termination of Employment (PHK) in this industrial sector. Acting Head of the Center for Macroeconomic Policy at the Fiscal Policy Agency (BKF) of the Ministry of Finance, Abdurohman, explained that the export growth of textile products was still very high until the third quarter of 2022. Exports of apparel and clothing accessories (HS61) grew 19.4 percent, non-knitted clothing and accessories (HS62) grew 37.5 percent, and footwear (HS64) grew 41.1 percent as of September 2022.

Head of the Central Statistics Agency (BPS) Margo Yuwono said the number of workers in the textile industry decreased in the period August 2021-August 2022. Based on BPS monitoring of 13 sub-sectors of the textile industry, in August 2021 there were still 1.13 million people working. But by August 2022, that number had decreased to just 1.08 million people. "Based on the sakernas from August 2021 to August 2022, in the sub-sector, namely the textile industry, there is a decline in the workforce," he said at a press conference, Monday (7/11).

The Confederation of Archipelago Trade Unions (KSPN) stated that its members working in the textile and garment industry who were laid off cannot claim Job Loss Guarantee or JKP due to membership status. KSPN President Ristadi said that not all of its members were registered in all BPJS Employment programs as a condition for receiving the Job Loss Guarantee (JKP). “None of our members can because they have not joined the [JP] pension insurance, and there are even arrears in contributions. So to get JKP, in addition to participating in the full BPJS program, the contributions are also smooth," he explained, Friday (11/4/2022).