Rupiah Depreciation Becomes Opportunity for Furniture Industry to Boost Performance
By : Hariyanto And Aldi Firhand. A | Friday, September 07 2018 - 19:51 IWST

National Furniture Industry
INDUSTRY.co.id - Jakarta - The weakening of the rupiah against the US dollar has caused some industrial sectors to be hit. But not so with the country furniture industry, this industry actually gets fresh air from the exchange rate depreciation.
"Most of the orientation of business actors is exports. As many as 80 percent of raw materials are obtained from local," said Secretary General (Secretary General) of the Association of Indonesian Furniture and Handicraft Industries (HIMKI), Abdul Sobur in Jakarta, Friday (09/09/2018).
The momentum will actually be used to boost furniture performance in order to meet export targets until the end of the year, namely, US $ 2 billion for furniture and US $ 850 million for handicrafts.
During January to June 2018, furniture and handicraft exports were able to reach US $ 1.3 billion or grew 9 percent compared to the same period in the previous year.
"But that is not an advantage in our plan because it is only obtained from foreign exchange differences. Not from the increase in production capacity," said Sobur.
Sobur revealed that there was no problem with the policy of limiting importation by the government. Provided that the restricted product is not a supporting material product that is not found domestically.
"In essence, if you want to take a policy, the government must have a careful calculation, then socialize it. Because, without socialization with relevant stakeholders, it can actually trigger a decline in exports or even make export companies leave," he said.
Read Also
Boediman Widjaja's Technology Ready to be Adopted in Jababeka Industrial…
SUNeVision Initiates MEGA IDC Phase Two Development
President Prabowo Orders Massive Dissemination of Pro-People Policies…
Boediman Widjaja, Hero of Environmentally Friendly Building Materials…
Optimistic of Warehouse Business Outlook, VAST Acquires Warehouse…
Today's Industry

Rabu, 21 Mei 2025 - 10:09 WIB
Indonesia, Thailand Sign MoU on Health Sector, Focusing on Global Capacity, Collaboration
As a part of President Prabowo Subianto’s official visit to Thailand, both countries signed a Memorandum of Understanding (MoU) on health sector, in an effort to strengthen bilateral cooperation…

Rabu, 21 Mei 2025 - 10:06 WIB
Indonesia, Thailand Deepen Cooperation on Security, Trade, and Regional Stability
resident Prabowo Subianto has reaffirmed Indonesia’s strong commitment to deepening bilateral relations with Thailand during the meeting with Thailand’s Prime Minister Paetongtarn Shinawatra…

Jumat, 02 Mei 2025 - 10:46 WIB
Binawan and Government Support Indonesian Nurses in Europe through Scholarships
In the midst of the viral #KaburAjaDulu hashtag as a symbol of the young generation's disappointment with domestic working conditions, Binawan responded with real action: dispatching Indonesian…

Jumat, 28 Maret 2025 - 22:07 WIB
TDL Records New Revenue Record of IDR 25 Trillion in 2024 Ahead of 50th Anniversary
PT Metrodata Electronics Tbk (MTDL), the largest technology Company with the most complete IT and telecommunications products in Indonesia, managed to record a revenue of IDR 25 trillion in…

Jumat, 28 Maret 2025 - 22:00 WIB
Wireless Logic Selected By Thales As IoT Connectivity Partner
Wireless Logic, a global leader in IoT connectivity solutions has been selected by Thales, a global leader in advanced eSIM technologies, to enable secure, scalable and resilient IoT connectivity…
News Comment