Friday, September 25, 2020 | ePaper

China's factory-gate deflation eases on recovering economy

  • Print
Xinhua, Beijing :
China's producer prices continued to fall in July but the decline has kept narrowing as economic activities recovered amid effective epidemic control in the country, official data showed Monday.
The producer price index (PPI), which measures costs for goods at the factory gate, fell 2.4 percent year on year in July, according to the National Bureau of Statistics (NBS).
The reading narrowed from the 3-percent drop in June and 3.7-percent fall in May.
Month on month, overall producer prices gained 0.4 percent as industrial production continued to pick up and market demand gradually warmed, the NBS said, adding rising international commodities prices also played a role.

More News For this Category

Midland Bank gets top bosses

Midland Bank gets top bosses

Business Desk :Former Member of Parliament, Nilufer Zafarullah, has been re-elected the Chairman and Md. Shamsuzzaman has been elected the Vice-Chairman of Midland Bank Limited resfectively. The 101th meeting

Humayun for working together to sustain SME sector

Business Desk :Industries Minister Nurul Majid Mahmud Humayun on Thursday urged all to work together for sustaining the country's Small and Medium Enterprises (SMEs)."As a rising economy of the

Inclusive business model needed to lift lower-income group

Business Desk :Development activists have emphasised the importance of an inclusive business model for the improvement of the health, food, nutrition, energy, water and sanitation services of the low-income

IBBL opens 3 Agent Banking Outlets: Dhaka East Zone of Islami Bank Bangladesh Limited inaugurated three Agent Banking Outlets at Gabtoli, Pakuria Bazar of Narshingdi and Naljani of Gazipur on Thursday. Industries Minister Nurul Majid Mahmud Humayun, inaugurated the outlets at virtual platform as chief guest, said a press release. Mohammed Monirul Moula, Additional Managing Director of the Bank and Md. Rafiqul Islam, General Manager of Bangladesh Bank addressed the program as special guest. Mohammod Ullah, Senior Executive Vice President and Head of Dhaka East Zone presided over the program. Executives, head of concerned branches, proprietors of the agent outlets, clients, well-wishers and dignitaries attended the function.

IBBL opens 3 Agent Banking Outlets: Dhaka East Zone of Islami Bank Bangladesh Limited inaugurated three Agent Banking Outlets at Gabtoli, Pakuria Bazar of Narshingdi and Naljani of Gazipur on Thursday. Industries Minister Nurul Majid Mahmud Humayun, inaugurated the outlets at virtual platform as chief guest, said a press release. Mohammed Monirul Moula, Additional Managing Director of the Bank and Md. Rafiqul Islam, General Manager of Bangladesh Bank addressed the program as special guest. Mohammod Ullah, Senior Executive Vice President and Head of Dhaka East Zone presided over the program. Executives, head of concerned branches, proprietors of the agent outlets, clients, well-wishers and dignitaries attended the function.

.

Stocks end week in marginal gain

Stocks end week in marginal gain

Economic Reporter :Country's both the bourses, Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) finished week posting marginal gain although bumpy trade happened due to activeness of investors

JS body for enrolling coconut products as exportable items

BSS, Dhaka :The Parliamentary Standing committee on Agriculture Ministry on Thursday recommended the concerned ministry for taking necessary steps to enroll the coconut products as exportable agricultural items as

Imports fail to rein in onion prices

Business Desk :Onion prices continue to remain high in Dhaka kitchen markets, despite imports coming into this country from neighbouring India.In markets like Anondobazar and Shyambazar, for instance, onions

BB limits credit card interest rate at 20pc

Business Desk :Bangladesh Bank (BB) has set a ceiling of 20 percent interest on credit card bills to protect the interests of customers.The rate will be effective from Oct

DCCI for strengthening supply chain in SMEs

Business Desk :Speakers at a webinar on Thursday observed that a resilient supply chain system in the cottage, micro, small and medium enterprises (CMSMEs) sector will build competitive advantage,

‘Understanding trends, culture crucial for budding entrepreneurs’

Business Desk :Upcoming entrepreneurs must have a good understanding of trends and culture to become successful in the post-Covid-19 world.Finance and banking experts expressed such an opinion at a