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Grameen Bank's profit rebounds in 2016
Grameen Bank's profit rebounds in 2016 12:00 AM, January 05, 2017 / LAST MODIFIED: 12:25 AM, January 05, 2017 Grameen Bank's net profit rebounded in 2016, with the microcredit pioneer logging in Tk 100 crore on the back of increased loan disbursement and recovery. A stable economic environment and the absence of any majorNATURAL disaster helped the bank raise the profits from only Tk 2.43 crore in 2015. Its net profit came down sharply in 2015 following the implementation of the nati...
YUNUS RECEIVES GOLD MEDAL FROM MODI
YUNUS RECEIVES GOLD MEDAL FROM MODI Nobel Laureate Professor Muhammad Yunus shakes hands with Indian Prime Minister Narendra Modi after receiving a gold medal for his contribution to society, at the inaugural ceremony of 104th Indian Science Congress in Triputi, India on Tuesday, according to a press release issued by Yunus Centre yesterday. Photo: Collected ...
Rohingya crisis: Nobel laureates, global leaders write open letter to UNSC
Twenty-three Nobel laureates and global leaders have urged the UN Security Council (UNSC) members to urgently put the Rohingya issue on its agenda and called upon the UN secretary-general to visit Myanmar as a priority. "If the current Secretary-General is able to do so, we would urge him to go; if not, we encourage the new Secretary-General to make it one of his first tasks after he takes office in January," reads an open letter sent to the president of the UNSC and to all its member s...
Taiwanese university to establish Yunus Social Business Centre
Chang Jung Christian University of Taiwan has signed an agreement with Yunus Centre to establish a Yunus Social Business Centre for the promotion of social business. Yung-Lung Lee, president of the university, and Nobel laureate Prof Muhammad Yunus signed the memorandum of understanding at a programme at Yunus Centre in Dhaka on Monday. Philippa Tsai and Juno Wang of the Foundation for Yunus Social Business Taiwan were also present at the ceremony, Yunus Centre said in a statem...
China's Zhongyuan Bank to replicate Grameen microcredit model
China's Zhongyuan Bank to replicate Grameen microcredit model Zhongyuan Bank Co Ltd, a leading banking group in China, has signed an agreement with Grameen Trust for replicating Grameen Bank's microcredit model on a large scale in China. The agreement was signed at Yunus Centre in Dhaka on Thursday; Wang Jiong, president of Zhongyuan Bank, led a four-member delegation to a meeting with Nobel laureate Muhammad Yunus. Officially launched in 2014, the bank is formed through the mer...
Leading Indian companies unite to launch social businesses
Yunus Social Business in India and Tata Trusts have jointly rolled out an initiative—Indian Corporate Action Tank (ICAT)—in Mumbai to create corporate social businesses in a bid to address social issues such as nutrition, healthcare, sanitation and housing. The ICAT will also drive innovation for the poor, Yunus Centre said in a statement yesterday. Sudhir Mungantiwar, finance minister of Maharashtra; Deepak Vasant Kesarkar, state minister for planning of the state, chief e...
Paris adopts Yunus's vision
Paris, one of the three candidate cities bidding to host the 2024 Summer Olympic Games, has decided to give a central role to Nobel Laureate Professor Muhammad Yunus's three zeroes vision—zero poverty, zero unemployment and zero net carbon emissions. On November 8, Yunus and Ann Hidalgo, mayor of Paris, together with Etienne Thobois, the president of the committee for promoting the city of Paris as a candidate for holding the Olympics in 2024, signed a three-way agreement in this ...
10 years of our Nobel Peace Prize
10 years of our Nobel Peace Prize Let's consider the first paragraph a prologue. It was October 13, 2006. I was stuck in a coaching centre, waiting for inevitable doom as a math quiz was about to take place. Just a couple of minutes before the exam, one of the clerks came to the class room and called my name. “Apurba Jahangir, your father is here to pick you up.” As I was relieved to skip the exam, curiosity also rose within; I thought this must be a family emergency. Comin...
Social businesses on sanitary napkin, drinking water launched
Social businesses on sanitary napkin, drinking water launched Two open social business projects were presented at the 375th Social Business Design Lab yesterday. Yunus Centre organised the event at the Grameen Bank auditorium in Dhaka with nearly 160 participants from national and international organisations. Nobel Laureate Professor Muhammad Yunus chaired the Design Lab, Yunus Centre said in a statement. Ashraful Hasan, managing director of Grameen Fashion and Fabrics, presen...
Bangladesh is a model for poverty reduction: WB chief
World Bank President Jim Yong Kim yesterday heaped praises upon Bangladesh, its people and leadership for becoming a model for poverty reduction despite being saddled with a long list of hardships. “Bangladesh has shown the world that a long list of hardships can be overcome,” Kim said at a discussion at Osmani Memorial Auditorium in Dhaka. The Economic Relations Division and the WB jointly organised the discussion titled -- “End Global Poverty by 2030: Sharing Bangla...
Paris names historic building as social business house
Paris named a historic building—Les Canaux— as a social business house on October 10 to promote social business in the French capital. Nobel laureate Muhammad Yunus was invited by Paris Mayor Anne Hidalgo to be the chief guest at the launching, Yunus Centre said in a statement yesterday. Members of the community, representatives of leading businesses, local mayors of the city and the press attended the ceremony. The historical building built in 1882 served as the a...
Yunus addresses social business meetings in Canada
Yunus addresses social business meetings in Canada Nobel laureate Prof Muhammad Yunus suggested that some part of development aid could be exclusively devoted to financing social business initiatives or sustainable enterprises that address social needs while unleashing the creative energies of communities. The Bangladesh economist made the call in an hour-long meeting with Canadian Finance Minister Bill Morneau on Friday. Yunus also attended a number of meetings on social busi...
Create the world you want to live in
Create the world you want to live in Prof Yunus urges youths at Ottawa summit The young people should get to work now to create the world that they would like to live in, Nobel laureate Prof Muhammad Yunus has told the One Young World Summit in Ottawa. He also called for creating a new civilisation because "this current greed based civilisation would not last much longer". The Grameen Bank founder made the call while delivering a keynote address at the summit Wednesda...
Bangladesh gets UN recognition
Bangladesh gets UN recognition Even a decade ago, child mortality rate in the WHO South-East Asia region was the highest and maternal mortality rate second highest among the six regions of the world health body. But due to continued efforts by the governments, timely interventions and growing public awareness, the region has performed better than the global averages over the years. Between 1990 and 2015, the region saw a 69 percent drop (the highest among the six regions) in mate...
Grameen Foundation bins report
Grameen Foundation bins report Grameen Foundation has strongly protested an Associated Press article that said Nobel laureate Prof Muhammad Yunus runs the foundation and it received USAID funding because of the Bangladeshi microcredit pioneer's friendship with Hillary Clinton when she was the US secretary of state. “There is no basis for the allegations in your article,” said Grameen Foundation, referring to the AP's article, headlined “Many Donors To Clinton Foundati...
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