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

 

PT Trisula Textile Industries Tbk (“BELL”), an issuer of quality fabrics, uniforms, and fashion products, will expand this year. BELL will add about 10 points of its retail sales under the JOBB and Jack Nicklaus brands. The addition of this point of sale is one of BELL's strategies to increase turnover and expand the BELL retail market network in 2022. The retail segment's performance in the first quarter of 2022 posted positive results with revenue of Rp24.3 billion and an increase of 38.8% compared to the first quarter of 2021. BELL is optimistic that the performance of this retail segment will continue to improve until H1-2022, especially with the momentum of Hari Raya in Quarter II-2022.

 

The Central Java Provincial Government has taken concrete steps to create a quality workforce for companies through training at the local Textile and Footwear Industry Center for Industry and Trade. Workers who have been given training are guaranteed to be 100 percent accepted to work in companies, especially in the textile and footwear sector. Head of the Central Java Province Disperindag, Arif Sambodo said that the Textile and Footwear Industry Center had been established since 2008 and trained more than 51,800 workers. And 65 percent of them are placed in companies, while the rest open a home-based convection business.

 

A sad fate befell one of the listed textile companies in the country. PT Sri Rejeki Isman Tbk (SRIL). The shares of the company, better known as SriTex, are now in danger of being expelled from the Stock Exchange, aka delisting. Referring to Stock Exchange Regulation No: I-I, a public company will be delisted if its shares are suspended for 24 months. To note, SRIL shares were suspended for the first time on May 18, 2021. This means that SRIL shares have been suspended for one year and have one year remaining before being expelled, although the 24 month provision is not absolute.

Indonesia has great potential to increase garment production in the Muslim fashion industry, considering that Indonesia has the largest Muslim population in the world. In October 2021, the Indonesian government launched two initiatives. First, to promote Indonesia as the center of the world's Muslim fashion industry. Second, to develop wider exports of Muslim clothing fabrics and garments from Indonesia to various countries in the world. In order to support the initiative, which will continue from 2021 to 2024, the use of comfortable fabric materials is one of the efforts that can be done. Therefore, Cotton Council International (CCI) introduced cotton fiber from the United States to the Muslim fashion industry players in Indonesia.

 

Do you have clothes that are still good and too good to throw away? If so, just come to the Barter.in event: Exchange Movement which will be held on Friday, June 3, 2022 at Bentara Budaya Jakarta, South Palmerah. The Exchange Movement itself is organized by I Choose Earth, a digital community that is committed to promoting an environmentally friendly lifestyle. As reflected in its name, Barter.in is not just a clothing donation. There, you can exchange other people's clothes so that everyone can benefit from it. This clothes changing event is the first event for Barter.in. "Barter.in is an exchange movement. So there is no need to buy something new, just use the existing one," said National Geographic Indonesia's Head of Community and Campaign, Diky Wahyudi Lubis. This movement is intended to raise awareness of textile waste which is now a serious problem.