Yunus advises China to follow different development path to avoid wealth concentration in the hands of the few

Press Release (February 28, 2017)

Photo Caption : Top executives of key financial institutions of China with Nobel Laureate Prof Muhammad Yunus in Beijing.

Sitting Left to right: Zhihong YI, Deputy President, Renmin University of China, Yingbi Duan, Chairman, China Foundation of Poverty Alleviation, Prof. Muhammad Yunus, 2006 Nobel Peace Laureate, Madam Xiaoling WU, Standing Committee Member of National People's Congress (NPC) & Vice Chairwoman, NPC Finance and Economic Committee & Former Deputy Governor, The People's Bank of China, Qing WU, Chairman, Shanghai Stock Exchange, Duoguang BEI, President, Chinese Academy of Financial Inclusion. Standing left to right: Jun WANG, Adjunct Prof. Director of CEIBS-World Bank China Center for Financial Inclusion, CEIBS, Lamiya Morshed, ED, Yunus Center, Weixiong WU, Chairman, Hainan Rural Credit Union, Junfeng LI, DG, Financial Inclusion Department of CBRC, Long CHEN, CSO, Ant Finance, Ning TANG, Founder & CEO, CreditEase.

Yunus Draws Attention of Japanese Business Leaders to Ticking Time Bomb of Wealth Concentration

Press Release (26 February 2017)

Urges Change in Traditional Economic Thinking at Top Japanese Business Forum

Nobel Laureate Professor Muhammad Yunus with Mr. Fujio Cho, the chairman of Business University Forum (BUF) of Japan who is also the honorary chairman of Toyota Motor Corporation. Photo: Nasir Ali Mamun/ Yunus Centre

Nobel Laureate Professor Yunus expressed his worries about the fact that “only eight people in the world own more wealth than owned by bottom 50 percent of world population while delivering his Keynote speech on wealth concentration at the Business University Forum (BUF) in Japan on February 22, 2017. He said, ‘It is now a ticking time bomb. We must address this issue with highest importance. Otherwise we cannot stop social, economic, political explosions.

Professor Yunus addresses healthcare and ageing in Tokyo, at International Social Business Forum in Japan

Press Release (22 February 2017)

Tokyo Governor Seeks Yunus' Advice for 2020 Tokyo Summer Olympic and women entrepreneurship in Tokyo

Governor of Tokyo, Ms Yuriko Koike, who is also the former Environment Minister of Japan, called on Nobel Laureate Professor Muhammad Yunus during his trip to Japan to discuss social business opportunities and women entrepreneurship in the Tokyo city. Governor also invited Professor Yunus to address a special consultative session with Olympic officials who are organizing the Tokyo Summer Olympic 2020.

Nobel Laureate Professor Yunus discussed how social business can offer innovative solutions to healthcare issues related to Japan's aging population while delivering the keynote speech at the first social business International Conference on Healthcare, SDGs, as chief guest organized by Kyushu University and Asahi Newspaper on February 21st, 2017 held at Asahi Hamarikyu Hall, Tokyo, Japan. Professor Yunus talked about the aging society, changing pattern of healthcare and how the young can contribute to this social need. Governor of Tokyo, who was former Environment Minister if Japan, Yuriko Koike spoke as a guest speaker. People from Academia and Industry were the audience of these programs. Professor Yunus also awarded the winner of Yunus and Youth Social Business Design Competition conducted by Kyushu University Yunus Shiiki Social Business Centre. Governor of Tokyo had an exclusive meeting with Professor Yunus regarding application of social business concept in creating a city-wide program of women entrepreneurship.

Yunus Centre Rejoinder on Allegations Regarding Padma Bridge, Tax Evasion and Illegal Money Transfer Abroad

16 February, 2017

In the last several days there have been strong accusations made against Nobel Laureate Professor Muhammad Yunus by the top lawmakers of the country including the Honorable Prime Minister, her son, ICT Advisor to the PM, as well as a number of Ministers and Members of Parliament through posts on Facebook, on the floor of the Parliament, at press conference as well as in policy meetings, where he has been accused in harshest language and terms of being behind creating false allegations of corruption in the Padma Bridge project and the suspension of funds for Padma Bridge. Professor Yunus has never made any statement private or publicly to anyone about the possibility of corruption in the Padma Bridge project at any time. We condemn the false and baseless accusation against Professor Yunus. On the contrary, Professor Yunus made repeated statements beginning as early as in 2011 that he supports the Padma Bridge project, stating that it is the dream of millions of people of Bangladesh, and would never stand in the way of its realization. He has repeated this on many occasions including as recently as January 28, 2017 when Honorable Prime Minister accused him on the floor of the Parliament. We reiterate this one more time.

In addition to the accusations of Padma Bridge, several papers report quoting unnamed sources that NBR has imposed a fine on Tk 69 lacs on Professor Yunus. This is also an untrue statement. Professor Yunus does not have any outstanding tax claim or fine pending payment. We have repeated on a number of occasions that Professor Yunus pays all of his taxes fully and on due time. All relevant information regarding his earnings and taxes are in the possession of the NBR. He has within his lawful rights contested certain tax claims made recently which he felt were unjustified in a court of law. The matter is still with the court, and he will comply with whatever decision the court takes.

Exceeds 13000 Businesses: 481st Social Business Design Lab will invest in Six More Small Businesses

Press Release (February 14, 2017)

Investments into six more social businesses in addition to 13000 already financed were announced on Tuesday, 14th February, 2017 at the 481st Social Business Design Lab. The New Entrepreneurs, children of Grameen Bank borrowers are seen in the photo with Nobel Laureate Professor Muhammad Yunus. Photo: Yunus Centre

The 481st Social Business Design Lab organized by Yunus Centre took place on 14 February 2017 at the Grameen Bank Auditorium with nearly 160 national and international participants from USA, Japan and South Korea. The Design Lab, broadcast live on YouTube, was chaired by Nobel Laureate Professor Muhammad Yunus.

Six new Nobin Udyokta (New Entrepreneur) business plans were presented at today's lab. All Nobin Udyokta businesses, presented at the Design Lab are the children of Grameen Bank borrowers’ families.

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