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Indonesia: Textile Industry Threatened by Power Tariff Hike?

Indonesia: Textile Industry Threatened by Power Tariff Hike?

Write: Praful [2011-05-20]

Indonesian textile entrepreneurs are concerned that the government? proposal to increase the electricity basic tariff will push up manufacturing costs, according to a report citing Umar Achmad, chairman of the Pekalongan chapter of the Indonesian businessmen association.

The report by news provider Antara said textile businessman feel at threat following a fuel hike last year and new minimum wage legislation.

A handful of textiles companies have already been forced to axe workers, the report said.