Monday, April 15, 2024

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

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

Social business will change society: Yunus

The second annual Social Business Day was observed on Tuesday in the capital to celebrate Nobel laureate Prof Muhammad Yunus’s concept of social business and its implementation. Prof Yunus opened the daylong events held at Hotel Sonargaon marking the day. Inaugurating the events, he elaborated the role of social business in the country towards

Yunus worried about GB future

Tells The Daily Star it’s not wise to amend law to ensure govt control Nobel laureate Muhammad Yunus has warned that Grameen Bank could run into deep trouble if the government amends the law to take control of the microfinance bank founded by him. “If those amendments [proposed by the review committee] come and the ... Read more

Do not let go of GB ownership

Prof Yunus writes to members Nobel Laureate Professor Muhammad Yunus yesterday urged the 83 lakh members of Grameen Bank to remain vigilant against any attempts to take away the microfinance bank from the majority shareholders. The caution came after his resignation as the bank’s managing director amid widespread speculation that his removal was part of ... Read more

Govt plans to overhaul GB

14-pt blueprint to raise govt stake in Grameen Bank The government has planned to raise its stake in the Grameen Bank and establish control over its lucrative sister firms in a move that will transform the Nobel winning micro-lender into another state-owned bank. The finance ministry has outlined the plan in a 14-point blueprint, which ... Read more