Commercial Financial crisis was felt in the Indonesian Industry

Written By Schwarzkophf on Saturday, November 22, 2008 | 12:51 AM

Industry in Indonesia is currently affected by the global financial crisis even though not actually collapse. As the industry felt silver in Bali. Wayan Sutedja, craftsmen in Herzliya, for example. He admitted, orders from abroad is now down to 50 percent. 

Industrial metals in Cambridge, Klaten, Central Java, is also not affected by expiry. In addition to earnings down sale, payment orders in foreign countries and many of stagnating. Unfortunately, the price of all raw materials, such as iron jumped to 50 percent. Liquidity difficulties due to a number of industries, especially small and medium industries out of business. 

In addition diimpit increase in the price of raw materials, the metal home in Tegal, Central Java, are now similar products incursion Chinese origin that is much cheaper price. Some industries also fall. From the thousands of metal industries in Tegal, only about 60 percent of which still survive. 

Meanwhile, thousands of workers of PT Buana Arthaglory gladly welcome verdicts pailit State Court of Surabaya against the garment company. With the verdicts, PT Buana Arthaglory must prioritize the payment of labor rights such as salaries and Pesangon. The owner of PT Arthaglory quibble company can not grow due to sales down sharply

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