Singapore has room for social business-Nobel Laureate
September 21, 2008
Not-for-profit schemes can make society here ‘more balanced and humane’ writes Cheong Suk-Wai in Strait Times:
SINGAPORE is a global business centre with room for ‘social business’, according to Nobel laureate Muhammad Yunus.
That is what the Bangladeshi economist and a pioneer of micro-credit calls not-for-profit businesses and programmes set up to generate jobs and other opportunities to help those trapped in poverty.
‘Social business’ is not charity, but more in keeping with the adage: It’s better to teach a man how to fish than to give him fish.
Speaking to The Straits Times here yesterday, Professor Yunus said: ‘The business proposition is for the poor to pay a tiny amount of money for you to take care of their needs. Read the rest of this entry »
