The Global Social Business Summit 2013 opened today at the Kuala Lumpur Convention Centre in KL, Malaysia.
This is first time that the Summit has been organised in Asia, and is being attended by 600 delegates from all over the world.
The program began with an electrifying performance by the musical troupe Malaysia Percussion which set a high note to the opening ceremony. Hans Reitz, the Director of Global Social Business Summit and Nurfarini Daing, CEO of Youth Trust Foundation myHarapan welcomed the participants and handed over the floor to Nobel Laureate Professor Muhammad to conduct the first the session. In his opening speech, Professor Yunus expressed his happiness in seeing the concept of social business develop and flourish globally. The Founder of Grameen Bank said the capitalist system came up with a lot of promises and the whole world had rallied merrily around it. “It was thought that it would solve all problems. Instead it created new problems. And we see no light at the end of the tunnel, and we are trapped" He said social business. He said business is a very powerful machine which could be used in different directions for achieving multiple results instead of driving it into for a single goal of making money. “Social business could be that multi-tasking machine,” said the Bangladeshi economist, and offered the chance of making lasting impact.