ID :
65427
Thu, 06/11/2009 - 19:58
Auther :
Shortlink :
https://www.oananews.org//node/65427
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WORLD CRUDE PRICES AFFECT INDUSTRIAL DEVELOPMENT
Jakarta, June 11 (ANTARA) - Crude prices in the world market have a significant effect on development of industries, including the textile industry, because their production processes depend on energy, an industrialist said.
This is because 30 percent of the need for energy of textile industry are fuel oils so that fuel oil prices have significant impact on the development of industries, executive director of the Indonesian Textile Producers Association (API), Ernavian G Izmy said here on Thursday.
He said that production cost was much influenced by fuel oil price developments so that the price of oil in the world market would have impact on the developments of industry.
Izmy said the dollar exchange rate also affected the development of the country's textile industries. After all, many of textile industries' raw materials were imported.
"We import about 100,000 tons of raw materials and they bought with dollars," he said.
Therefore, he added, the developments of oil crude prices and the dollar exchange rate against the rupiah also have significant effects on the development of industries at home.
In the meantime, Chamber of Commerce and Industry (Kadin) chairman said that Indonesia should not focus on the export of raw materials only but also on diversified finished products.
Indonesia should also carry out export of locally-based creative products offered in franchised packages, the Kadin chairman said at a seminar on the protection of franchise business and business licenses based on the Law on Intellectual Property Rights (HAKI).
He said Indonesia should not allow itself to become a recipient of foreign products only but it should also export its own products which are typically Indonesian.
The Kadin chairman said that exporting an Indonesian (HAKI) license and franchise was comparable to introducing Indonesia's culture and its people to the world economy.
Hidayat said earlier that Indonesians making a visit or staying abroad might all want to see Indonesian products on display in the business centers of the world's big cities.***2***
This is because 30 percent of the need for energy of textile industry are fuel oils so that fuel oil prices have significant impact on the development of industries, executive director of the Indonesian Textile Producers Association (API), Ernavian G Izmy said here on Thursday.
He said that production cost was much influenced by fuel oil price developments so that the price of oil in the world market would have impact on the developments of industry.
Izmy said the dollar exchange rate also affected the development of the country's textile industries. After all, many of textile industries' raw materials were imported.
"We import about 100,000 tons of raw materials and they bought with dollars," he said.
Therefore, he added, the developments of oil crude prices and the dollar exchange rate against the rupiah also have significant effects on the development of industries at home.
In the meantime, Chamber of Commerce and Industry (Kadin) chairman said that Indonesia should not focus on the export of raw materials only but also on diversified finished products.
Indonesia should also carry out export of locally-based creative products offered in franchised packages, the Kadin chairman said at a seminar on the protection of franchise business and business licenses based on the Law on Intellectual Property Rights (HAKI).
He said Indonesia should not allow itself to become a recipient of foreign products only but it should also export its own products which are typically Indonesian.
The Kadin chairman said that exporting an Indonesian (HAKI) license and franchise was comparable to introducing Indonesia's culture and its people to the world economy.
Hidayat said earlier that Indonesians making a visit or staying abroad might all want to see Indonesian products on display in the business centers of the world's big cities.***2***
