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Imports Reduce Demand of Textiles From Producers
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Textile demand at the producer level declined in May 2018 as imported goods entering in March began to flow into the market in April-May. Demand in the retail market is still good in May 2018, but demand at the producer level has decreased.
Textile Imports Follow Push Dollar Translucent Rp14.200
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Although Bank Indonesia has made several intendions for several times, the rupiah exchange rate translating to Rp14,200 per US $ is considered by businesses as the government's negligence in maintaining the balance sheet. Secretary General of the Association of Filament Indonesia Filament and Filament Producers (APSyFI), Redma Gita Wirawasta explained that although dominated by external factors, the exchange rate will remain stable if the balance of payments is maintained.
The Manufacturer Asked for Cluster Formation
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Industry players propose the provision of textile-specific clusters to improve the competitiveness of domestic products.Redma Gita Wirawasta, Secretary General of Indonesian Filament and Fiber Films Association (APSyFI), said the association has proposed the matter to the government through the Ministry of Industry since the end of last year. According to him, industry players want the upstream and downstream industries integrated in one region.
Mini Fiscal Incentives, Employers Ask For Market Certainty
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Upstream textile producers assess that the government's fiscal incentives for businesses in the range of Rp100 billion to Rp500 billion is not enough. Redma Gita Wirawasta, Secretary General of Indonesian Fiber and Filament Yarn Producers Association (APSyFI), said the fiscal incentives that are designed will not necessarily bring in medium-sized investment to Indonesia.
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