News clippings for October 4

Slow exports to pull down GDP growth to 6pc: ADB (4^th October 2012, The Daily Star)

The Asian Development Bank said that due to sluggish exports and a decline in domestic demand Bangladesh's economic growth may come down to 6 percent in the current fiscal year. The decline is primarily due to the financial crisis in the European Union, which is affecting Bangladesh's exports.  The central bank's continued credit tightening efforts have also had an impact.

Citi launches twin projects to help underprivileged children (1^st October 2012, The Daily Star)

With an aim to improve the lives of about 800 underprivileged children, Citibank NA yesterday launched two community projects in the capital. "Citi Bangladesh has partnered with Underprivileged Children's Education Program (UCEP) to launch the Citi-UCEP Pre-technical Education Project. The children will gain financial literacy, practical mathematics and communicative English skills."Citi teamed with SEID Trust to provide education to some 450 underprivileged children with autism, intellectual disability and multiple disabilities for the other project.

Skilled woman entrepreneur can drive economy (1^st October 2012, The Independent)

To achieve a higher sustainable economic growth, employment generation and enhance the standard of living, Bangladesh Bank is taking a more proactive role in enhancing the number of skilled women entrepreneurs in the country. Through a workshop organized by Bangladesh Bank and International Finance Corporation, it is providing practical solutions to management issues of small and medium sized enterprises.