Monday, February 26, 2024

Dr Yunus to receive US Congressional Award Wednesday

Nobel Laureate Professor Muhammad Yunus, the founder of Grameen Bank, will receive the US Congressional Gold Medal award on Wednesday. Prof Yunus is already in the USA to attend the historic award-giving ceremony to be held in Washington, an official at the Yunus Centre told UNB on Monday.

Yunus not telling truth: Muhith

The finance minister, Abul Maal Abdul Muhith, on Sunday said that Muhammad Yunus was not telling the truth when he said that the government was out to grab Grameen Bank with its various activities and Yunus’s saying such things were harmful for the country. ‘He is running unnecessary campaigns that the government wants to take ... Read more

Grameen fettered

Changes to ordinance give govt-appointed chairman almost absolute power to pick MD, Yunus’ income under scrutiny The cabinet yesterday approved a proposal for amending an ordinance to give more powers to the Grameen Bank chairman to choose the managing director of the microlender. The amendment to the Grameen Bank Ordinance 1983 will undermine the autonomy ... Read more

Autonomy curbed

4 leading personalities censure govt move Civil society leaders yesterday condemned the government move to curtail the autonomy of the Nobel winning Grameen Bank as an undemocratic decision that they believe would give negative signals to the world. The cabinet approved of an amendment to the Grameen Bank Ordinance 1983, which would reduce the power ... Read more

Yunus, Abed talk garment exports with Hillary, seek free access to US

Nobel laureate Prof Muhammad Yunus and BRAC Chairperson Sir Fazle Hasan Abed yesterday urged US Secretary of State Hillary Clinton to allow Bangladeshi garments duty-free access to the US market to help create local jobs, especially for women. They met Hillary at a breakfast meeting at the US ambassador’s residence in

Yunus among 12 greatest entrepreneurs

Fortune Magazine’s List Yunus among 12 greatest entrepreneurs Nobel Laureate Prof Muhammad Yunus has been named by Fortune magazine as one of the 12 Greatest Entrepreneurs of Our Time. This list published in the magazine’s latest issue places Prof Yunus among the band of highly exclusive individuals, all of whom are known throughout the world ... Read more

Yunus unwilling to be WB chief

Thanks PM for proposal; says he would rather head ‘World Social Business Bank’ in future Nobel Laureate Prof Muhammad Yunus has said he is not interested in taking the helm of the World Bank, as he wants to dedicate his life to social business. In a statement issued yesterday, he, however, thanked Prime Minister Sheikh ... Read more

Yunus banks on youths

Says they will change politics Prof Muhammad Yunus yesterday called for an alternative political stream in the country, saying politicians were failing to fulfil the aspirations of the people. He said frustration over politics was deepening among the people. “People are not satisfied with the politicians. So, politics has to be pursued in new ways. ... Read more

Let poor prove their ability

Prof Yunus tells Vienna Social Business Summit Nobel laureate Prof Muhammad Yunus yesterday said the poor people of Bangladesh were like Bonsai, who have been stunted by oppression. But they have the ability to grow if they are given the opportunity. He was addressing the concluding session of the third Global Social Business Summit, hosted ... Read more

Yunus meets Hillary Clinton

Nobel laureate Muhammad Yunus met the US secretary of state, Hillary Rodham Clinton, at her office in the state department on Thursday. They discussed a broad range of issues relating to microcredit and social business as tools to fight poverty, and other issues relating to women and global justice, according to a message from

Critics of microcredit chastised

Experts hail role of microcredit in poverty reduction Experts and politicians yesterday came down heavily on the critics of microcredit for being too ruthless about the economic concept, which is credited to contributing to pulling out millions out of poverty. They said there are both positives and negatives of the theory championed by Bangladesh’s lone ... Read more

Yunus spurs Malaysians on social business

Nobel laureate Professor Muhammad Yunus has called upon the new generation of Malaysia to put their talents and energies to solving the problems of society using their innovation, creativity, resources and technology. The microcredit pioneer made the call during the launch of the Nobel Laureate in Residence programme at the Universiti Kebangsaan Malaysia in Bangi, Selangor, ... Read more

EU supports social business

European Commission president meets Yunus Strengthening social business and promoting innovative methods of accessible finance are not only a matter of justice but also a concrete way to help the poorest of the poor, European Commission President José Manuel Barroso has said. He said social business is also “a smart investment in our shared future. ... Read more

Another world order at play

A social business is a non-loss and non-dividend company where investors can recoup their dividend but nothing beyond that. All profits will be used to improve the products and services, and/or to increase the company’s reach. Social business campaigners and experts from 15 countries joined Prof Muhammad Yunus in