Bangladesh today celebratesSocial Business Dayalong with about a dozen countries in an effort to contribute to solving some of the deep-rooted problems the world faces.

On the occasion, Yunus Centre, a hub of social business movement, will organise a daylong eventat Sonargaon Hotel in the city, in association with Grameen Telecom Trust, Bangladesh-German Chamber of Commerce and IHS Alliance Fibreglass.

It will be a platform for businesses, nongovernmental organisations, students and citizens to learn about the latest developments in social business around the world,and the know-how to use the concept to create their own ventures to fight social problems,organisers said.

The theme for this year's event is “achieving the millennium development goals through social business”.

“This year, we have dedicated the eventto the idea of social business solving millennium development goals,” said Nobel laureate Professor Muhammad Yunus in his greetings on the eve of the second edition of the event.

The 2006 Nobel peace prize winnerhas developed the concept ofsocial business,a type of business dedicated to solving a social problem.

A social business is a non-loss and non-dividend companywhere investors can recoup their dividend but nothing beyond that. All profits will be used to improve the products and service offered, and/or to increase the reach of the company.

Alongside Bangladesh, Social Business Day is due to be celebrated in several countries,including Peru, Germany, Argentina,China,India,Portugal, Poland,Uganda and Brazil.

Source : The Daily Star, Tue, June 28, 2011