The IMF projects that consumer prices in the country will rise by 7.9 percent by the end of the fiscal year
I didn't invent social business, I've branded it: Yunus
Muhammad Yunus says social business is like ‘frying a fish in its own oil’ – a Bangla idiom that in English roughly means once the pump is primed, the enterprise will carry on under its own steam.
Published : 25 Dec 2014, 03:11 PM
Updated : 25 Dec 2014, 03:11 PM
“I did not invent it. I've been only branding it to ensure some rules are followed while running it," he told an audience in Chittagong on Thursday.
Yunus and the Grameen Bank were co-winners of 2006 Nobel Peace Prize.
He argued that social businesses were different from regular business.
“Social business is neither about donation nor is it about huge profits.
"It is a matter of social welfare. You invest for a year, get your money back and then use it to expand your business,” he enthused.
RELATED STORIES
While initial price spikes have faded since Russia's invasion of Ukraine, a widening of the conflict could cause them to intensify, the IMF says
Manufacturing output in February rose 5% year on year, slower than the 5.9% rise posted in the same month last year
The producer price index for final demand rose 0.2% last month after increasing by an unrevised 0.6% in February
