Weekly Business

May 21, 2013

INDUSTRY
Textile Business Threatened by Competition

Indonesia's textile sector might lose out when competition with other Southeast Asian countries ramps up in 2015, the year the ASEAN Economic Community is set to take effect, officials said.

Internal pressure and the textile industries of better-prepared ASEAN neighbors would likely become obstacles in the development of Indonesia's textile industry, said Ramon Bangun, Director of Textile and Miscel

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