Page 37 - ICE BUSINESS TIMES January 2020
P. 37
CTG PORT The Chittagong port has made it to the list of
JOINS WORLD’S ‘three millionaire ports’ club in the world by
handling 30 lakh twenty-foot equivalent units of
containers this year. There are 60 such seaports
around the globe.
Earlier, the Bangladeshi port was ranked 64th in
the list of the world’s top 100 container
‘three handling seaports by the maritime
world’s internationally recognised Lloyd’s
Marine Survey & Consulting. The
millionaire’ calculations of container handling were
recorded from January 1 to December 22
list equipment, including new gantry cranes,
this year. The addition of modern
and increased capacity of the port have
helped the CPA a lot to achieve the glory.
Profits at China’s industrial firms grew at the fastest
pace in eight months in November, but broad weakness
The fastest in domestic demand remains a risk for company
earnings next year.China’s industrial sector has faced
persistent pressure in the past
industrial profits year, with manufacturers battling
sluggish demand and a
for China in eight profit-denting trade dispute with
the United States. But recent
months factory activity surveys have
pointed to a nascent recovery in
the manufacturing sector,
following Beijing’s accelerated stimulus measures to
steady growth. Industrial profits in November rose 5.4
percent from a year earlier to 593.9 billion yuan ($84.93
billion), snapping three months of decline, as
production and sales quickened, data from the National
Bureau of Statistics (NBS) showed on Friday. That
compared with a 9.9 percent drop in October. For
January-November, industrial firms notched profits of
5.61 trillion yuan, down 2.1 percent from a year earlier,
but slightly better than a 2.9 percent fall in the first 10
months. The expansion was mostly due to quickening
production and sales, while factory-gate prices
contracted at a slower pace.
Japan’s industrial output slipped for Retails sale fall downwardly revised 4.5 percent
the second straight month in decline in the previous month, the
November, raising the likelihood the signalling economic largest month-on-month slump
economy will contract in the fourth since the government started
quarter due to slowing demand strains in Japan compiling the data in comparative
abroad and at home. Japan’s form in January 2013.Production
economy has cooled in recent was pushed down by a decrease in
months due to a prolonged hit to output of production machinery and
exports from soft global demand information equipment, which offset
and a slide in consumer spending a bounce back in output of cars and
following a nationwide tax hike. car engines. Manufacturers
Official data showed factory output surveyed by the Ministry of
fell 0.9 percent in November from Economy, Trade and Industry expect
the previous month, a slower output to gain 2.8 percent in
decline than the 1.4 percent fall in a December and rise 2.5 percent in
Reuters forecast. That followed a January, the data showed.
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