Advertisement Advertisement Advertisement
 
 
Lost Password?
APSyFI: The national textile industry is headed for a trade deficit, 2018 exports grow 1% and imports grow 14% (yoy).--IKATSI: The growth of the national textile industry is still hampered by floods of imports, Indonesia needs a clothing security law.


	
Product
Find millions of selling leads from around the world,now!
Featured Company
TIFICO FIBER INDONESIA PT (PT. TIFICO)
SUSILIA INDAH SYNTHETIC FIBERS INDUSTRIES, PT (SULINDAFIN)
Pollyfin Canggih, PT
PT. TESTEX TESTING AND CERTIFICATION

Data & Statistic
  INDONESIA' EXPORTS / IMPORTS OF TEXTILE COMMODITIES JAN-MAR 2019
  INDONESIA' EXPORTS / IMPORTS OF TEXTILE COMMODITIES

Special Feature
  Texprocess presents ‘Digital Textile Micro Factory’ for the first time
Home


				
			
			
Textile Industry Asks for Stimulus PDF Print E-mail
Written by Maizer   
Wednesday, 25 March 2020
The textile industry players, who are members of the Indonesian Textile Association (API) and the Indonesian Filament Yarn and Fiber Producers Association (APSyFI), are asking for stimulus in the face of unfavorable economic conditions due to the Covid-19 outbreak.

 

"This sudden change will have an impact, not just a shock effect, but a destructive effect on the industry, if the government approach is still normal," API Chair Jemmy Kartiwa Sastraatmaja said.

 

According to him, a significant decline in market demand will result in a drastic reduction in the industry's performance and ability to pay. "In this forum we request government intervention to provide financial relaxation related to the impact of the COVID-19 pandemic so that textiles and textile products (TPT) can maintain production activities and maintain labor absorption, especially ahead of Ramadan and holidays," said Jemmy.

 

In this case, business actors ask for stimulus in the financial sector in the form of relaxation of temporary deferment of principal payments for at least one year without limitation of the amount of credit, a reduction in loan interest rates, as well as working capital stimulus to keep producing so that it does not become laid off in the TPT sector.

 

In the taxation sector, business operators ask the government to provide 50 percent corporate income tax relief for 2020. "We also propose opportunities for improvement of corporate and private tax returns by paying only the principal, and removing sanctions," he said.

 

Furthermore, the postponement of the deadline for paying corporate income tax from 30 April to 30 October and personal PPh from 31 March to 30 September with the elimination of fines and interest.

 

Then, extend the output VAT payment period to 90 days, for example for March sales, the VAT should be paid in April, but extended to July. "The consideration is that the goods are sold for an average payment period of 120 days and in anticipation of the extension of the continued payment from consumers as a result of the market slowdown," he concluded.

 
		
More Latest News & Recent
Textile Industry Complains About Mafia Imports
Textile Factory Workers in Pekalongan Demand THR Paid in Full
Entrepreneurs Support Normalized Economic Activity Back
Glorious of PPE Imports, National TPT Industry is Difficult
Textile Entrepreneurs Promise to Re-Recruit Again Fired Employees
Latest Selling Leads
kain twill kembang 2019-03-26
Printmate 2017-10-27
Label 2017-04-07
Canvas Fabric 2016-04-29
POST   |   MORE
Latest Buying Leads
kain katun jepang 2019-03-26
Cari Kain 2019-03-26
Twill Pants 2017-04-07
All Finish Fabric 2016-03-21
POST   |   MORE
  EXPERT PERSPECTIVE
Export Perspective of Textiles Industry
Suharno
IKATSI Chairman
Export Perspective of Textiles Industry
Read more...
Advertisement
Advertisement
Advertisement
 
 | Home | About Us | Contact Us | Organization Link | Our Publication | Advertisement | Sitemap | CSR | Term & Condition  | 
Copyright © 2008, All rights reserved by CV. Gaindo Pratama Indonesia.