INDONESIA TEXTILES SECTOR ATTACKS GOVERNMENT POWER BILL HIKE
February 1st, 2014
INDONESIAN textile manufacturers have warned that a government plan to raise electricity tariffs in 2014 may cause apparel prices to rise by 50% and could increase trade deficits in the industry.In January, Indonesia’s House of Representatives Commission VII approved a plan from the country’s energy and mineral resources ministry to increase electricity tariffs for major industrial consumers. The move will raise electricity prices by 38.9% for industries which use medium-voltage power, including garment and footwear manufacturers, and by 64.7% for ...
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