Economic Reporter :The 1st Managers' Conference- 2016 participated by all Managers of Comilla Region of Pubali Bank Limited held recently. Safiul Alam Khan Chowdhury, Additional Managing Director of Pubali Bank Ltd. was present as Chief Guest. M Shahnawaz Chowdhury, General Manager of Head Office was present as Special Guest. DGM and RM of Comilla Region Ziaul Haque Chowdhury presided over the conference.Safiul Alam Khan Chowdhury emphasized on expansion of foreign remittance business through better customer & modern banking service. He said, "The range of the economy of Bangladesh is increasing as world economy is doing the same. Banking sector is playing the lead role here. He urged all to work sincerely in this competitive banking sector. Mr. Chowdhury stressed on selection of potential borrower and try to enhance bank business. He also advised all to work hard, look for new business avenues and diversification and to take concerted efforts for achieving the target fixed for the year 2016. M Shahnawaz  Chowdhury stressed on selection of potential borrower and try to expand bank business. He urged upon all the executives to keep close vigilance so that newly disbursed loans may not become overdue or classified. Intensive supervision and close monitoring of the loan should be made. At the conference, necessary strategies and plans were framed to achieve the target fixed for the year 2016. Branch Managers of Comilla Region were also attended at the conference.

The government has extended the tenures of three deputy governors of Bangladesh Bank by five months to more than two years.

The contract with Abu Hena Mohd Razee Hassan has been extended by two years and seven months, SK Sur Chowdhury by two years and Nazneen Sultana by five months, according to a notice from the public administration ministry.

The government extended the tenure by calculating the retirement age of each of the three DGs as 62 years.

Three of the four deputy governor posts of the central bank have been vacant since January 20. 

Central banks should stop issuing £50, $100 and €500 notes to tackle crime, according to a former bank boss.

The high-denomination notes are favoured by terrorists, drug lords and tax evaders, argues Peter Sands, former chief executive of Standard Chartered bank, in a new report.

Illegal money flows exceed $2 trillion (£1.4 trillion) a year, Sands said.

Rather than focus on the criminals, his report argued G20 countries should now target the cash itself.

Sands, who produced the report for the Harvard Kennedy School, urged the world's 20 largest economies to take up the matter before their next summit in China in September.

CURRENCY OF CORRUPT'

High-value notes issued by rich countries are the "currency of corrupt elites, of crime of all sorts and of tax evasion", Sands said.

"They play little role in the functioning of the legitimate economy, yet a crucial role in the underground economy," he added. "The irony is that they are provided to criminals by the state."

Banning the notes would not stop crime, but it would make hiding transactions more costly and more difficult, Sands said.

His report comes after the European Commission said last week it would investigate the use of €500 notes.

The European Central Bank welcomed the investigation, but senior officials also said they needed more evidence that the notes facilitate criminal activity.

The UK asked banks to stop handling €500 notes in 2010 after a report found they were predominantly used by criminals.

Economic Reporter :Bangladesh Bank (BB) is working to help ensuring sustainable energy for achieving sustainable development through boosting green financing across the country, Bangladesh Bank (BB) Governor Dr. Atiur Rahman said."We've undertaken and implemented a good number of initiatives to help implement energy and environment related programmes of the government," Governor Dr Rahman said while launching a German funded project - Green Banking for Energy Sustainable Economy - at the Bangladesh Institute of Bank Management (BIBM) Auditorium in the capital Dhaka on Sunday.The BIBM, GIZ and Sustainable and Renewable Energy Development Authority (SREDA) organized the launching ceremony jointly.The central bank chief said to promote sustainable energy in Bangladesh, the government has prepared a Renewable Energy Policy and has undertaken various action plans with the target of generating 5.0 per cent and 10 per cent of total power production by 2015 and 2020 respectively.

NRB Global Bank Limited arranged a Town Hall meeting at Lakeshore Hotel in the city held on Saturday (Feb 6) aiming to review the current business position of the Branches and analyze the potential opportunities for future through proper utilization of Human Resources.

Nizam Chowdhury, Chairman of the bank was present as chief guest. Among others, Managing Director Proshanta Kumar Halder, Additional Managing Director Md. Golam Sarwar, Deputy Managing Director RQM Forkan & Kazi Mashiur Rahman Jayhad all Divisional Heads, Branch Managers of Dhaka Zone & all Officials of Head office & Dhaka zone attended the program.

News:Daily Sun/7-Feb-2016