Alhaj Anwer Hossain Khan, Chairman of Shahjalal Islami Bank Limited, inaugurates a branch of the Bank at Malibagh Chowdurypara in Dhaka Monday.

Shahjalal Islami Bank Limited (SJIBL) opened its 75th branch at Malibagh Chowdury-para in the city Monday.

Alhaj Anwer Hossain Khan, Chairman of the Board of Directors of the Bank, formally inaugurated the branch and ATM booth as the chief guest, said a press release. In his speech, Anwer Hossain Khan said, "The Bank has been providing better services to its customers since 2001."

Md Abdur Rahman Sarker detailed the deposits and investment schemes of the Bank.

News: The Daily Sun/Bangladesh/10th-Oct-12

Md Abdus Salam, Managing Director of Bangladesh Krishi Bank attended the Comilla chief and Laksham region view exchange meeting for managers and field staff held at the BARD auditorium recently.

Bangladesh Krishi Bank recently organised a view exchange meeting between managers and field staff of Comilla region and Laksham region at BARD auditorium.

Md Abdus Salam, Managing Director of Bangladesh Krishi Bank attended the meeting as chief guest, said a press release. Md Feroz Khan, General Manager of Comilla Division presided over the meeting.

Md Hafiz Uddin, Divisional Audit Officer, ATM Anisur Rahman, Deputy General Manager of BCBD from head office, CRM of Comilla Region and Regional Manager of Laksham were present as special guests.

News: The Daily Sun/Bangladesh/10th-Oct-12

Southeast Bank has recently promoted three of its executives to deputy managing directors, the Bank said in a statement yesterday.

They are: SM Mainuddin Chowdhury, erstwhile senior executive vice president; Muhammad Shahjahan, erstwhile company secretary; and Giash Uddin Ahmed, erstwhile senior executive vice president of the bank.

Chowdhury joined the bank in 2008. He started his banking career as a senior officer at Bangladesh Development Bank (Shilpa Bank) in 1985 and also worked in Prime Bank.

He has an MBA in management of technology from Asian Institute of Technology, Bangkok, Thailand and completed his BSc in naval architecture and marine engineering from Bangladesh University of Engineering and Technology.

Shahjahan is an MA in political science and an LLB from Dhaka University. He also did his banking diploma from the Institute of Bankers, Bangladesh. He joined Rupali Bank as an officer in 1979, and worked in National Bank, EXIM Bank and Jamuna Bank.

News: The Daily Star/Bangladesh/10th-Oct-12

Southeast Bank has recently promoted three of its executives to deputy managing directors, the Bank said in a statement yesterday.

They are: SM Mainuddin Chowdhury, erstwhile senior executive vice president; Muhammad Shahjahan, erstwhile company secretary; and Giash Uddin Ahmed, erstwhile senior executive vice president of the bank.

Chowdhury joined the bank in 2008. He started his banking career as a senior officer at Bangladesh Development Bank (Shilpa Bank) in 1985 and also worked in Prime Bank.

He has an MBA in management of technology from Asian Institute of Technology, Bangkok, Thailand and completed his BSc in naval architecture and marine engineering from Bangladesh University of Engineering and Technology.

Shahjahan is an MA in political science and an LLB from Dhaka University. He also did his banking diploma from the Institute of Bankers, Bangladesh. He joined Rupali Bank as an officer in 1979, and worked in National Bank, EXIM Bank and Jamuna Bank.

News: The Daily Star/Bangladesh/10th-Oct-12

Bangladesh's economic growth will slow down to 6.1 percent in 2012 and 2013 due to the gloomy global economy, forecast the International Monetary Fund yesterday.

The country's GDP grew by 6.3 percent in the last fiscal year despite the global crisis and the government's target is 7.2 percent for the current fiscal year.

The growth of the export-dependent economy will slow down as low growth in advanced economies is affecting emerging and developing economies through exports.

Over 70 percent of the country's exports go to the USA and the European Union, most hard-hit by the economic crisis.

Last week, Asian Development Bank also said Bangladesh's economic growth may come down to 6 percent in the current fiscal year due to sluggish exports and a decline in domestic demand.

The IMF, however, said Bangladesh's inflation would ease down to 6.9 percent this year and to 6.4 percent next year from 10.6 percent in 2011.

The prediction came from the Washington-based lender in its latest World Economic Outlook unveiled in Tokyo yesterday ahead of the IMF-World Bank 2012 Annual Meetings.

“Low growth and uncertainty in advanced economies are affecting emerging markets and developing economies through both trade and financial channels, adding to home-grown weaknesses,” said IMF Chief Economist Olivier Blanchard at a press briefing.

Blanchard presented a gloomier picture for the global economy than predicted a few months ago, saying prospects have deteriorated further and risks increased.

Overall, the IMF's forecast for global growth was marked down to 3.3 percent this year and 3.6 percent for 2013.

The economist urged countries to continue with accommodating monetary policy which he said was a very powerful force for growth on its own.

"Continue with fiscal consolidation and here, our advice still holds: Don't do it too slow, don't do it too fast."

Over 10,000 central bankers, ministers of finance and development, private sector executives, academicians, and journalists have gathered at the Japanese capital to discuss global economic issues.

News: The Daily Star/Bangladesh/10th-Oct-12