Malaysian PM Announced USD 6.5 Million Fund For Social Business In The Southeast Asian Country

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Dato' Sri Haji Mohammad Najib Abdul Razak, Prime Minister of Malaysia, addressed the closing session of the second day of the Global Social Business Summit in KL on Friday. In his address at the Summit, he said that social business, developed by Nobel Laureate Professor Muhammad Yunus, was a very effective model to tackle social problems and iniquities of Malaysia. He  announced a 20-million ringgit or US$ 6.5 million fund for promoting social businesses in the Southeast Asian country. Photo: Nasir Ali Mamun/ Yunus Centre

Global Social Business Summit 2013 Opened Today in Malaysia

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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.

Fifth Global Social Business Summit to Take Place in Malaysia

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The Global Social Business Summit 2013 will be held in Kuala Lumpur Convention Centre, Malaysia from 7-9 November 2013, with the theme of “Social business to change the world”.

Nobel Peace Prize Laureate, Professor Muhammad Yunus will deliver the keynote speech at the opening of the Summit while welcome address will be delivered by NurfariniDaing, CEO Youth Trust Foundation myHarapan and Hans Reitz, Head of Global Social Business Summit. Dato' Sri Haji Mohammad Najib bin Tun Haji Abdul Razak, Prime Minister of Malaysia will deliver key note speech on “Road-map for social business in Malaysia” while Nobel Laureate Professor Muhammad Yunus will deliver the key note on  “Road-map towards 2018’ at the closing of the summit.

Global Social Business Summit, introduced by Nobel Peace Prize Laureate Professor Muhammad Yunus, brings together the efficient and innovative methods of business and the task of solving social problems such as poverty, healthcare, education or energy and all the main actors in the field of social business.

 Organized by The Grameen Creative Lab, Yunus Centre and Youth Trust Foundation (myHarapan), the Global Social Business Summit (GSBS) is an annual summit that showcases best practices and promotes discussions and collaboration among practitioners, stakeholders and experts from all over the world and across all sectors.

PROFESSOR YUNUS CONDEMNS GOVERNMENT ACTION IN CHANGING GRAMEEN BANK LAW

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I condemn the action of the Government of Bangladesh in changing the Grameen Bank law in the strongest language possible.

Muhammad-YunusGrameen Bank was created as a bank owned by poor women, and managed by  poor women. Its legal structure did not allow any government interference of any kind, except for regulatory oversight. The amendments to the law which have just been introduced, have created the opportunity for the government to take 100 percent control of the bank if they wish to. These amendments  fundamentally change the character of the bank. With these amendments, the government has opened the door for its ultimate destruction. What a shame for the nation, and the whole world!

I feel extremely sorry that the nation has to go through the unnecessary traumatic experience of seeing a great global iconic institution, created by this nation, be brutally harmed by a group of irresponsible and thoughtless people. The immediate task before the country is to repair the enormous damage done to the Grameen Bank law at the earliest opportunity, before it is too late. I hope  the whole nation, particularly all women, along with the women of Grameen Bank,  their family  members, as well as the staff of the bank will rise to the occasion and make it happen.

Muhammad Yunus
Nov 6, 2013

Yunus Addresses 13th Summit of Nobel Peace Prize Laureates

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The 13th Annual Summit of Nobel Peace Prize Laureates that opened on 21 October 2013, is held for the first time in Eastern Europe. "Stand in Solidarity for Peace - Time to Act" is the official motto of the 13th World Summit of Nobel Peace Laureates.

The Summit is taking place exactly 30 years after Lech Walesa, former Trade Union leader received Nobel Peace Prize for the successful leading of workers at strike in the Gdansk Shipyard, which led to historical downturn of the communist regime by means of negotiation and without violence. Lech Walesa is also celebrating his 70th birthday this year.

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