New Yunus Social Business Centre in Sunway City


KUALA LUMPUR: Sunway Education Group (SEG) and Yunus Social Business Centre (YSBC), Bangladesh, today signed a memorandum of understanding (MoU) to foster the development of social enterprises in the country.

SEG founder and founding trustee of the Jeffrey Cheah Foundation (JFC), Tan Sri Dr Jeffrey Cheah, signed the MoU with Nobel Laureate and founding chairman of Yunus Centre, Prof Muhammad Yunus towards the creation of YSBC at the SEG campus in Sunway City.

Cheah said the MOU would see SEG and Yunus Centre exploring areas of collaboration in education, research, information gathering and action plans.

“We hope to see the setting up of YSBC in SEG to further drive entrepreneurship development for sustainable socio-economic development, especially for the poor and less privileged in Malaysia,” he said.

As part of the mission to promote YSBC, SEG will organise student service learning trips so that they can learn first-hand, techniques and programmes which have been set up to assist the economic development of the poor in developing countries.

Professor Yunus, Nobel Peace Prize recipient for his work in founding microcredit institution Grameen Bank in 2006 said, “I believe we can create a great impact through YSBC in SEG. In addition to having a good pool of students in its business school, its non-profit accelerator and incubator, Sunway iLabs, will undoubtedly help social businesses created here scale effectively.”

The YSBC, through strategic research and structured implementation of social business, will strengthen JCF’s efforts towards community empowerment and well-being, and wealth creation. --Bernama © New Straits Times Press (M) Bhd