Prof Muhammad Yunus
Change Bangladesh, world doing business in land of crazy ideas: Dr Yunus tells foreign investors
Describing Bangladesh's long journey, Chief Adviser Prof Muhammad Yunus on Wednesday said Bangladesh is a country with "crazy ideas" which make those ideas happen and urged foreign investors to look at Bangladesh seriously on the investment front and change the world by joining hands together.
“Bangladesh is a country with crazy ideas to change the world and to make things happen. So, we invite you to join that club to not only change Bangladesh by your business but also change the world,” he said while speaking at the formal inaugural ceremony of the four-day Bangladesh Investment Summit that originally began on April 7.
Dr Yunus said they do not look at Bangladesh alone but see the whole region which is very powerful with lots of resources. “We work together and facilitate each other.”
He said business in Bangladesh is not only for Bangladesh, it could be for the whole world.
Sharing the success stories of Grameen Bank and Grameenphone, the Chief Adviser said Bangladesh ground is very fertile. “You put a little bit of seeds, it becomes global. We welcome you to join us with that mission - creating a new world - for the whole world.”
Dr Yunus joins Bangladesh Investment Summit
He said whoever thought that microcredit which started in a tiny little village now would be a prime business in the United States in the name of Grameen America. “It is growing very fast.”
4 days ago
Truly honoured, says Kihak Sung on receiving Bangladesh’s citizenship
Kihak Sung, Chairman of Youngone Corporation and a pioneer in Bangladesh’s readymade garments (RMG) and textile sectors, who first came to the country in the mid-1990s, was honoured with honorary citizenship of Bangladesh on Wednesday for his outstanding contributions to the industry and Bangladesh economy.
“His dedication and commitment do not have any boundary. He loves Bangladesh. He works for Bangladesh. He loves the nature of Bangladesh,” said Chief Adviser Prof Muhammad Yunus after handing over the citizenship document to Sung at the formal inaugural ceremony of the Bangladesh Investment Summit-2025 at a city hotel.
The audience showed honour to the new citizen of Bangladesh amid claps, beaming with joy.
The Chief Adviser said a big delegation from South Korea joined the Summit as Sung took initiative to show his new land of citizenship to the Korean investors. “This is your home, too. We will make this home a beautiful home.”
“One behalf of the entire Youngone family – with 72,000 in Bangladesh and another 28,000 elsewhere, I am truly honoured and humbled to have this honorary citizenship,' Sung told the Summit, adding that “This is more overwhelming that Prof Yunus is giving the award to me.”
Sung was one of five organisations and individuals honoured for their significant contributions to Bangladesh.
Fabric Lagbe Ltd (innovation category), Walton, bkash (foreign investment), and Square Pharmaceutical (local company) were honoured with Excellence in Investment Award 2025. The Chief Adviser handed over the awards.
bKash wins BIDA’s ‘Excellence in Investment Award 2025’
Baroness Rosie Winterton, UK's Trade Envoy to Bangladesh, Óscar García Maceiras, CEO of Inditex and Apex Footwear Limited Managing Director Syed Nasim Manzur spoke as the government wanted to know foreign and local investors’ views on the investment front.
Advisers of the interim government, including Finance Adviser Dr Salahuddin Ahmed, Foreign Affairs Adviser Md Touhid Hossain, Commerce Adviser Sk Bashir Uddin, Law Adviser Dr Asif Nazrul and Executive Chairman of Bangladesh Investment Development Authority (BIDA), among others, joined the inaugural event.
SDGs Affairs Principal Coordinator Lamiya Morshed and Chief Adviser's Press Secretary Shafiqul Alam also joined the event where Special Envoy Lutfey Siddiqi welcomed all.
Kihak Sung served as President of the International Textile Manufacturers Federation (ITMF) for the 2018-20 term.
His meteoric rise in the textile arena is associated with the success of Youngone Corporation, over the years, as a pioneering investor in RMG and textile sector FDI which led investments both in Chattogram and Dhaka EPZs and lately in Korean EPZ.
Youngone was the first investor in the textile and apparel export sector in May 1980 and has been a pioneer in female employment in the industry.
Almost all other subsequent investors from Korea followed in Youngone's footstep to invest in Bangladesh.
Its production of world famous brands has greatly enhanced the image of Bangladesh in the garment and textile sector, the press release said.
Because of his invaluable contribution to the development of apparel and textile industry and the national economy of Korea, Kihak Sung was conferred upon the highest class of the "Order of Industrial Merit Gold Tower" by the President of Korea in 2008.
Change Bangladesh, world doing business in land of crazy ideas: Dr Yunus tells foreign investors
This was followed later by his election to the top post as Chairman of the Korean Federation of Textile Industries (KOFOTI), a post which he still holds.
His dynamic leadership and steadfast policies led to the emergence of Youngone Corporation as one of the most reputable and recognised multinational companies which has successfully spread its wings across the globe in Korea, USA, Switzerland, Vietnam, China, India, Uzbekistan, San Salvador and Ethiopia.
4 days ago
Hasina’s extradition issue raised but nothing finalised: Foreign Adviser
- Foreign Affairs Adviser Md Touhid Hossain on Tuesday said Chief Adviser Prof Muhammad Yunus raised the extradition issue of former Prime Minister Sheikh Hasina but stressed that nothing was finalised.
When pressed further, the Adviser refrained from going into additional details on the issue at this moment.
Briefing reporters at the Ministry of Foreign Affairs, Adviser Hossain said further improvement of the relations depends on both sides. "We need to progress the relations together."
Indian Foreign Secretary Vikram Misri, after the bilateral meeting between Chief Adviser Prof Yunus and Indian Prime Minister Narendra Modi, told reporters in Bangkok that Prime Minister Modi urged that rhetoric that vitiates the environment is best avoided.
Responding to a question regarding the matter, Adviser Hossain said they both agreed on this as the same things are happening from the Indian side too.
Asked about the Teesta River Comprehensive Management and Restoration Project with China, he said Bangladesh remains open to both India and China, and Bangladesh will look into where Bangladesh’s interest is protected.
“The government has taken a liberal stance. We are open to discussing the project with both sides and will evaluate where Bangladesh’s interests are best served,” the Adviser said.
As Bangladesh welcomed Chinese companies’ involvement in the Teesta river management project, he further said progress takes time.
“We are not expecting an overnight solution that will resolve the Teesta issue immediately,” he said, adding that cooperation is possible with either country (India or China). There are no obstacles.”
Indian Prime Minister Modi on Friday reiterated India's support for a "democratic, stable, peaceful, progressive and inclusive" Bangladesh during his first- ever bilateral meeting with Prof Yunus on the sidelines of the 6th Bimstec Summit.
Dr Yunus enquires about Hasina’s extradition request status, seeks measures to restrain her
Responding to a question, Adviser Hossain said the government is committed to handover the responsibility to an elected political leadership after holding the election in a free and fair manner.
“Bangladesh’s friends always raise the issue of elections,” he said, adding that whenever the subject comes up in discussions, they express concern; even countries without democratic traditions often enquire about Bangladesh’s elections.
Modi expressed his conviction that all issues of mutual interest between the two countries would continue to be addressed and resolved bilaterally through constructive discussions, in the interest of their longstanding and mutually beneficial bilateral relationship.
The Indian Prime Minister underlined that India believes in a people-centric approach in a relationship and highlighted the cooperation between the two countries for a long period of time that delivered tangible benefits to people on both sides.
He underlined India’s desire to forge a positive and constructive relationship with Bangladesh based on pragmatism.
On the issue of Indian visas, the Adviser said whether India issues visas or not is entirely their sovereign decision. “We have also temporarily suspended visa issuance to India in the past,” he said.
He said visa restrictions do not create a vacuum and when any country suspends visas, people tend to explore alternatives elsewhere.
Responding to a question on Rohingya repatriation, Hossain said Myanmar agreed that 180,000 are fit to return, but it does not mean that the Rohingya people will return immediately given the situation on the ground in Rakhine state.
Asked about the China visit, Adviser Hossain said engagement at the highest level had yielded some progress. “When top-level communication is in place, it facilitates the advancement of relationships at other levels.”
Dhaka to remind Delhi about its request for Hasina’s extradition: Ministry
He said several documents were signed during the visit and the Chief Adviser and Chinese President discussed mutual interests. “I believe the visit has had a reasonably positive impact,” he added.
Commenting on protests by Bangladeshi nationals over delays in obtaining Italian visas, Hossain said Dhaka is in continuous dialogue with Rome.
“There are questions concerning the authenticity of the documents submitted with visa applications. A large number of fake documents have been detected,” he said.
Italian authorities are currently verifying the genuineness of submitted documents, and as a result, even applicants with legitimate paperwork are experiencing delays and complications, the adviser added.
5 days ago
We'll hold free, fair, participatory election: Dr Yunus tells BIMSTEC leaders
Chief Adviser Prof Muhammad Yunus on Friday said holding the national election in a participatory manner at the earliest possible time is on top of their agenda.
"I have assured our people that, once our mandate is fulfilled in the conduct of elections as well as the required reform is done, we shall hold a free, fair and participatory election," he said while delivering his speech at the BIMSTEC Summit.
Dr Yunus said they will continue to work steadfastly to ensure the constitutional rights of every citizen of the country whether they are women or the members of ethnic and religious minorities as they rebuild Bangladesh.
Thai Prime Minister and Chair of the 6th Summit Paetongtarn Shinawatra and leaders of the member States were present.
Dr Yunus said the interim government in Bangladesh is pledge-bound to undertake robust and far-reaching reforms to restore economic stability and sustained growth.
"We are committed to good governance, combating corruption and bringing order to every sphere of economy," he said, adding that these are at the core of the reforms they have planned.
The interim government constituted six Commissions to recommend reforms to the judiciary, the electoral system, public administration, police, the anti-corruption office, and the constitution to ensure public ownership, accountability and welfare of the people.
The Commissions have already submitted their recommendations, which are under active consideration of the government.
"We have formed a seven-member 'Jatiya Oaikyamot (Consensus) Commission' headed by me and comprising the chiefs of all the six Commissions to consider and adopt the recommendations submitted by the individual commissions," Dr Yunus said.
Main goal is to ensure free, fair election: EC Sanaullah
He said they have also formed four additional Commissions recently to make policy recommendations on media, health, labour and women’s rights.
In 1971, hundreds of thousands of ordinary women and men, children and youths made supreme sacrifice in a nine-month long genocide, fighting against a brutal military, said the Chief Adviser.
He said people aspired for an inclusive, just and free society where every ordinary person could materialise his or her dreams.
Sadly, Dr Yunus said, in the course of past fifteen years, people, especially the youth, progressively saw their spaces and rights curtailed. "They witnessed the deep erosion of almost every State institution and civic rights trampled."
The Chief Adviser said the common mass brought an end to the "brutal authoritarian" regime, at the expense of lives of close to 2000 innocent people, mostly youths, including 118 children. "The people of Bangladesh witnessed a re-birth in her history."
"The student leaders, who led the uprising and freed the country from the corrupt and autocratic regime of Sheikh Hasina, appealed to me to lead the country during this crucial juncture of our history," Dr Yunus said. "I agreed to take the responsibility, for the sake of our people."
Dr Yunus took a moment to express his heartfelt condolences and deepest sympathies to the governments and the people of Thailand and Myanmar in the aftermath of the recent devastating earthquake that has caused a huge loss of life and property in Myanmar and Thailand.
"Bangladesh stands in solidarity with our brothers and sisters from Thailand and Myanmar during this difficult time," Dr Yunus said.
"We also extend our heartfelt condolences to the families who have lost their loved ones and pray for the quick recovery of the injured," he said, adding that he is confident that given the strong leadership and the government's efforts, they will be able to overcome the challenges and restore normalcy in the affected areas.
Rizvi expects free, fair elections under new EC
Dr Yunus conveyed his sincere appreciation to the government of Thailand for carrying forward the BIMSTEC process since it took off in 1997 in Thailand.
"I would also like to convey our deep appreciation to you for the warm reception and hospitality extended to me and my delegation since our arrival," he said.
Dr Yunus appreciated BIMSTEC Secretary General Indra Mani Pandey for his leadership to the BIMSTEC Secretariat.
9 days ago
Dr Yunus seeks collective efforts rising above differences to strengthen BIMSTEC
Chief Adviser Prof Muhammad Yunus on Friday called upon the leaders of BIMSTEC member States to extend their valued support in redeeming their collective commitments to revitalise the organisation, rising above differences and divergences.
"We need a genuinely shared sense of mutual confidence and mutuality of interests, rising above our differences and divergences," he said while delivering his speech at the BIMSTEC Summit.
Thai Prime Minister and Chair of the Summit Paetongtarn Shinawatra and leaders of the member States were present.
"As Bangladesh assumes the BIMSTEC Chairmanship, I would call upon all of you, indeed to my fellow leaders present, to extend your valued support," said the Chief Adviser.
Dr Yunus said they need to be driven by the impact and results whatever they undertake or do collectively,
Approaching the fourth decade, he said, they need to re-discover the modalities and institutions of regional and sub-regional collaboration under BIMSTEC.
Addressing the inequality of incomes and choices, balancing the economy and ecology need to be overriding objectives in pursuing the sectoral cooperation.
"While each of our countries pursue our national interests, we also need to appreciate the same of ‘others’ in the table in shaping and moving our wider cooperative agenda," Dr Yunus said.
In a fast-moving world, he said, comparing the developments of the past decade seems a bit distant past.
"Many of the long-held norms, regulations are giving in. I find institutions often struggling to meet people’s aspirations," Dr Yunus said.
"In making our institutions fit-for-purpose, I have been advocating for an overhaul of the financial system as also launch innovative social businesses that would uphold dignity and ensure an individual’s security, not just augment wealth," he mentioned.
BIMSTEC Foreign Ministers wrap up Ministerial Meeting; stage now set for Friday's Summit
Within and beyond the region, resources - capacities - solutions abound to address many of the endemic challenges, like climate change.
"As much as we facilitate knowledge and technology amongst our seven countries, let us also open up to the world – the governments, the knowledge institutions, foundations, private sector – who would share our values and appreciate our needs," Dr Yunus said.
Humanitarian Channel in Rakhine
The protracted Rohingya crisis, if remains unresolved, has the possibility to create instability in the whole region, said the Chief Adviser.
BIMSTEC can promote dialogue to resolve the internal conflicts, particularly between the conflicting parties in Rakhine, he said.
"It should take more visible actions to engage Myanmar to bring stability in Rakhine for an enabling environment for the return of the forcibly displaced Rohingyas to Myanmar," Dr Yunus said.
Given the recent developments in Rakhaine State, amidst the warning of UNDP of an impending famine in Rakhaine, a humanitarian channel in Rakhine may be established for the supply of basic necessities to the people to stop further displacement from Rakhine, he said.
Bangladesh encouraged the meaningful participation of BIMSTEC member states in the “high-level conference on the Situation of Rohingya Muslims and Other Minorities in Myanmar’ under the UN auspices, in September 2025.
"Bangladesh expects a high-level political participation in the conference from BIMSTEC Member States," Dr Yunus said.
UN Secretary General Antonio Guterres undertook a "historic" visit to Bangladesh from 13-16 March and expressed complete solidarity to the rights of the Rohingyas to return to Myanmar with dignity and safety.
Ready to Unlock Vast Potential
Dr Yunus said the BIMSTEC region hosts one-fifth of the global population. "While challenges abound, converting those challenges into opportunities hold considerable prospect for us."
He said many label their demography as a ‘challenge’. "Yet, there are enough instances to illustrate the untapped ‘promises’ of our population."
BIMSTEC Sidelines: Dr Yunus, Modi to hold talks on Friday
In hosting the BIMSTEC Secretariat, Dr Yunus said, Bangladesh stands ready to unlock the vast potential of an organisation in a meaningful way.
Bangladesh has long nurtured the vision of open regionalism, he said.
"We envision a region where all the countries and communities can engage based on equity, mutual respect, mutuality of interests and shared benefits," Dr Yunus said.
Energy Security
The Chief Adviser said energy security is fundamental to the sustainable development and economic resilience of the BIMSTEC region.
"We must work together to harness our collective potential in renewable energy, cross-border electricity trade, and energy efficiency to ensure a secure and sustainable future for our people," he said.
"I am confident that the BIMSTEC Agreement on Grid Interconnection signed in 2018 can act as a launching pad for cooperation in the field of energy," he added.
As per BIMSTEC commitment, Dr Yunus said they are committed to enhancing connectivity, improving mutual trade and economic collaboration among all member countries.
"Promoting trade and investment, facilitating movements of people particularly of the young boys and girls within BIMSTEC is key to enhancing wellbeing of our people," he said.
Currently, intra-regional trade stands at just 5.9%.
As the lead country in Trade, Investment and Development Sector, Bangladesh urged all to materialise implementation of the BIMSTEC Framework Agreement on FTA that they signed way back in 2004, that will ultimately contribute towards better connectivity.
Dr Yunus said Bangladesh stands ready to extend all possible support for the implementation of the Master Plan.
On Thursday, they signed the BIMSTEC Agreement on Maritime Transport Cooperation, which will certainly contribute towards enhanced connectivity within BIMSTEC region particularly with the landlocked Member States and seven sisters of India.
The Chief Adviser said BIMSTEC has been in existence for 28 long years. "To be candid, its impacts are not still felt across the member states and beyond."
He said signing and ratification of the Charter and formulation of the relevant Rules of Procedure has accorded the BIMSTEC processes and institutions considerable strength.
"Our civil society and private sector particularly stress on BIMSTEC to take up tangible and result-oriented initiatives, and projects amongst our countries," Dr Yunus said.
6th BIMSTEC Summit Friday; Bangladesh to assume chairmanship for next 2 years
Given the present circumstances of the region, Dr Yunus said, collective agenda should be to:
1. Harness the power of our youth. Bangladeshi youth are showing so much of intent and action, from the front, even to reform some of the long-established notions in governance;
2. Roll out a more inclusive set of actions to augment AI and related 4IR tools and applications that connect farming – learning – health, particularly of vast small-holder population across our region;
3. Open up all ways and means for our countries and communities to vigorously engage in knowledge sphere – to generate, innovate, share their wealth of capacities.
4. Eco-system where actors beyond governments can join hands with us to address the exigencies and challenges - be in public health or, natural disasters or, climate adaptation.
"Time is not on our side. We have to transform, not just make transition. That is why Bangladesh intends to champion a world of three Zeros: of Zero Poverty, Zero Unemployment, and Zero Carbon," Dr Yunus said.
As Bangladesh will take over the Chairmanship of BIMSTEC for the next two years at the end of the Summit, he said, Bangladesh looks forward to seeing all BIMSTEC leaders in Dhaka.
9 days ago
President Xi assures positive consideration to interest rates reduction, cooperation on water resources management
Chinese President Xi Jinping on Friday said China would give a positive consideration to a host of important issues raised by Bangladesh as he held bilateral talks with Bangladesh delegation led by Chief Adviser Prof Muhammad Yunus.
They included reduction of the interest rates on Chinese loans and cooperation on water resources management, Chief Adviser’s Press Secretary Shafiqul Alam told UNB, describing the talks between President Xi and Chief Adviser Professor Muhammad Yunus as a "hugely successful" bilateral meeting.
Alam said the talks were "comprehensive, fruitful and constructive, marked by warmth".
President Xi reiterated China's support to the Chief Adviser and the interim government, said the Press Secretary.
"It was Prof Yunus's first bilateral foreign tour, and so far, it has been a "grand" success," Alam said.
President Xi said China would encourage Chinese investment to Bangladesh and relocation of Chinese manufacturing enterprises to Bangladesh.
President Xi spoke about his two tours to Bangladesh and said he studied microcredit when he was the governor of Fujian province, Alam said.
The Chinese President also said he tried Bangladeshi mangoes and jackfruit.
"They are delicious. Bangladesh is expected to export the two fruits to China in a big way in the coming months," Alam quoted President Xi as saying.
Dr Yunus seeks FAO support to export fruits, farm products to China in large volume
Dr Yunus and Chinese President Xi held bilateral talks at People's Great Hall and discussed bilateral, regional and global issues.
They discussed ways to further strengthen the relations between the two countries and take it to a new height protecting Dhaka-Beijing’s mutual and strategic interests.
Both sides discussed various strategic bilateral issues between Bangladesh and China, trade and investment growth, agriculture, infrastructure, support for renewable energy sectors, and resolving the Rohingya issue, as well as overall issues of mutual interest between the two countries, eyeing a new chapter in relations.
At the meeting, Dr Yunus sought China's greater role in establishing peace, prosperity and stability for both nations.
During the meeting, Dr Yunus expressed heartfelt greetings to Chinese President Xi Jinping on behalf of Bangladesh and its people.
Recalling his long relations with China, the Chief Adviser said he had an attachment with China in introducing Grameen Bank and social business there.
During the meeting, he focused on Rohingya crisis, seeking China's strong role in safe and dignified return of Rohingyas to their home of origin in Myanmar.
Foreign Affairs Adviser Md Touhid Hossain, Power, Energy and Mineral Resources; Road Transport and Bridges; and Railways Adviser Muhammad Fouzul Kabir Khan, Principal Coordinator on SDGs Affairs and Senior Secretary Lamiya Morshed, High Representative to Chief Adviser Khalilur Rahman, Bangladesh Ambassador to China Md Nazmul Islam and BIDA Executive Chairman Chowdhury Ashik accompanied the Chief Adviser at the meeting, Chief Adviser's Deputy Press Secretary Abul Kalam Azad Majumder told UNB.
Chinese Foreign Minister Wang Yi, Chinese Ambassador to Bangladesh Yao Wen among others were part of the Chinese delegation.
Bangladesh, China to sign key deals as Dr Yunus to meet Xi in Beijing on March 28
In the morning, Dr Yunus arrived at the Great Hall of China amid a static guard of honour.
Dr Yunus arrived in Beijing on Thursday night to hold bilateral talks with Chinese President Xi Jinping.
Vice Minister of China Sun Weidong warmly welcomed Dr Yunus upon his arrival at Beijing International Airport at around 10:20pm (China time) after approximately a four-hour journey by air from Qionghai Bo’ao International Airport. Kids also greeted him with flowers.
The Chief Adviser spoke at the Boao Forum for Asia Annual Conference and joined at least eight events, including bilateral meetings, Azad said.
Dr Yunus is on a four-day visit to China through which he thinks the relationship between Bangladesh and China would further be deepened.
16 days ago
Dr Yunus, President Xi discuss strategic bilateral issues; eye a new chapter in relations
Chief Adviser Prof Muhammad Yunus and Chinese President Xi Jinping on Friday held bilateral talks at People's Great Hall and discussed bilateral, regional and global issues.
President Xi and Dr Yunus also discussed ways to further strengthen the relations between the two countries and take it to a new height protecting Dhaka-Beijing’s mutual and strategic interests.
Both sides discussed various strategic bilateral issues between Bangladesh and China, trade and investment growth, agriculture, infrastructure, support for renewable energy sectors, and resolving the Rohingya issue, as well as overall issues of mutual interest between the two countries, eyeing a new chapter in relations.
At the meeting, Dr Yunus sought China's greater role in establishing peace, prosperity and stability for both nations.
During the meeting, Dr Yunus expressed heartfelt greetings to Chinese President Xi Jinping on behalf of Bangladesh and its people.
Recalling his long relations with China, the Chief Adviser said he had an attachment with China in introducing Grameen Bank and social business there.
During the meeting, he focused on Rohingya crisis, seeking China's strong role in safe and dignified return of Rohingyas to their home of origin in Myanmar.
Foreign Affairs Adviser Md Touhid Hossain, Power, Energy and Mineral Resources; Road Transport and Bridges; and Railways Adviser Muhammad Fouzul Kabir Khan, Principal Coordinator on SDGs Affairs and Senior Secretary Lamiya Morshed, High Representative to Chief Adviser Khalilur Rahman, Bangladesh Ambassador to China Md Nazmul Islam and BIDA Executive Chairman Chowdhury Ashik accompanied the Chief Adviser at the meeting, Chief Adviser's Deputy Press Secretary Abul Kalam Azad Majumder told UNB.
Dr Yunus seeks FAO support to export fruits, farm products to China in large volume
16 days ago
Asia must strengthen cooperation as destinies are intertwined: Dr Yunus
Chief Adviser Prof Muhammad Yunus on Wednesday said Asia must step up and strengthen cooperation in four key areas -- financial, trade; food and agriculture and technology, stressing Bangladesh faces multiple challenges which are shared by other Asian countries.
"In this changing world, the destinies of Asian countries are intertwined. We must chart a clear roadmap for a shared future and shared prosperity," he said while delivering his speech at the Boao Forum for Asia Annual Conference.
"This is the shared future we in Asia must create together," he added.
Zhang Jun, Secretary General of Boao Forum for Asia; Ban Ki-moon, former Secretary- General of the United Nations and Chairman of the Boao Forum for Asia; Ding Xuexiang, Executive Vice Premiere of the State Council of the People's Republic of China, among others spoke at the session.
For more than seven years, Dr Yunus said, Bangladesh has been hosting over 1.2 million forcibly displaced Rohingyas who are Myanmar nationals.
"We continue to bear significant social, economic and environmental costs," he said, adding that UN Secretary-General Antonio Guterres recently visited the camps in solidarity.
While global efforts are drastically shrinking but continuing, Dr Yunus said, Asian leaders must come together to ensure their safe and dignified repatriation to their home country, Myanmar.
The protracted crisis in Myanmar threatens regional stability, he said.
In today's poly-crisis world, the Chief Adviser said wars and conflicts erode rights and disrupt economies.
The genocide in Gaza continues despite global condemnation, Dr Yunus said, noting that the crisis in Palestine is not just an Arab or Muslim concern, it is a humanitarian issue. "The continued tension in Ukraine is heavily tolling the global supply chain," he said.
Dr Yunus said Asia must create a sustainable financing mechanism. "We need reliable funds that address our challenges and meet our growing demands," he said.
The Chief Adviser said Asia remains one of the least integrated regions. "This weak integration stifles investment and trade. We must work to boost trade cooperation immediately."
He also said they must promote resource-efficient farming.
"Domestic production must be enhanced for food security. We need to reduce import reliance and achieve self-sufficiency," Dr Yunus said.
Dr Yunus begins day at Boao with packed schedule; holds talks with Chinese Vice Premier
Expanding tech-based sustainable agricultural solutions and innovation in regenerative and climate-smart farming is the key, he said.
The Chief Adviser said Asia must build a strong tech ecosystem, which should be restorative, distributive and inclusive.
"We need to share knowledge, data and invest in technology incubation and innovation," he said, adding that collaboration on digital solutions will drive progress.
The Chief Adviser said mobilising intellectual resources and youth power must be at the centre of their collective actions. "We must lay the foundation for a new civilization: a self-preserving and self-reinforcing society," Dr Yunus said.
He said they must create a counter-culture based on a zero-waste lifestyle.
Dr Yunus said consumption should be limited to essential needs. "Our economy should focus on social business, which is increasingly regarded as to chart the future of business; where innovation, purpose, and responsibility converge."
He said Boao Forum and other similar initiatives in Asia should enhance collaboration of youth and entrepreneurs to make Asia a better place for the generations to come.
"As I always mention, every young person should grow up as a three-zero person: zero net carbon emissions, zero wealth concentration, and zero unemployment through entrepreneurship in social business," he said.
Dr Yunus said global financial market instability, political uncertainties, diplomatic tensions and trade disruptions create volatility.
Rising interest rates and debt servicing costs are deepening Asia's debt crisis, he said. "Despite global commitments to the 2030 Agenda, progress is slow."
"Only 24% of SDG targets have been met. Developing Asian countries face an SDG financing gap of 2.5 to 4 trillion US dollars annually," Dr Yunus said.
Beyond SDG financing, he said, Asia also needs large-scale investments in infrastructure and economic diversification through responsible financing. Bangladesh has been a victim of corruption and illicit financial flows, Dr Yunus said.
These corrupt practices cost developing countries an estimated 1 trillion US dollar annually which is multiple times more than the total ODA they receive, he mentioned.
Dr Yunus said Asia should stand united to establish a multilateral mediation mechanism for asset recovery and return.
Strategic location, human resources can transform Bangladesh into manufacturing hub: Dr Yunus
Food security is under increasing pressure.
Rising prices of essential commodities are straining household budgets, especially for low-income families, he said.
Climate change and natural disasters are exacerbating this crisis, Dr Yunus mentioned. "Strengthening food supply chains is essential."
He said energy security is critical, especially for net-importing developing countries. Energy supply disruptions drive inflation, economic instability and debt distress.
"We must find sustainable energy solutions and scale up investments in renewables. Investing in health and education is crucial for human capital development," said the Chief Adviser.
He said a well-educated, skilled workforce drives economic growth and innovation. "Countries that invest in universal healthcare see better economic productivity. Digital education and vocational training must be expanded to equip our youth for the jobs of the future," he said.
Sharing his thoughts on the theme "Asia in the Changing World: Towards a Shared Future," Dr Yunus said this forum takes place at a critical juncture.
"Global governance under multilateralism is being questioned. Geopolitical tensions are rising. Climate change is escalating. Debt burdens are unsustainable. Humanitarian crises are growing," he said.
The Chief Adviser said political will for development cooperation is weakening and the world faces an alarming shortfall in collective action.
Asia, home to 60% of the global population and 55% of global GDP, is at the center of these changes.
"Emerging norms, regulations, and technologies are reshaping governance and economic policies. Assumptions that shaped policies a decade ago are no longer relevant. The need for regional and global cooperation has never been more pressing," said the Chief Adviser.
In 2007, Dr Yunus attended the Boao Forum for Asia to share insights on microcredit.
Dr Yunus said their civilization is at risk as they continue to embrace self-destructive economic values. "The dominant economic model thrives on limitless consumption. It justifies over-extraction of resources and environmental degradation in the name of growth. We must shift toward sustainable economic models that prioritize people and the planet over profits."
The climate crisis poses an existential threat to humanity, he said.
In the Asia-pacific region, climate disaster-related economic losses are already enormous, which is equivalent to 65 billion US dollars.
BIDA Chairman, CCECC President discuss potential 2nd Chinese economic zone in Mongla
Climate-vulnerable countries like Bangladesh are forced to divert resources toward disaster response, limiting investments in productive sectors. "We need new, additional, accessible, non-ODA, non-debt-creating, grant-based climate finance, with an equitable distribution between adaptation and mitigation.
Universal access to life-saving medicines and technologies must be guaranteed," Dr Yunus said.
Asian cultural diversity, with its rich tapestry of languages, traditions, philosophies and customs, is a testament to the resilience and creativity of human civilization, Yunus said.
The philosophies of Islam, Confucianism, Buddhism and Hinduism, among others, have shaped global thought, offering unique perspectives on morality, governance, and the human spirit.
"Asia's civilisations have flourished by embracing diversity. Over the centuries, the vibrant exchanges of cultural diversity has not only impacted the region but have shaped the world," he said.
Asia's demographic dividend presents immense potential.
"A growing workforce, particularly young people, can drive innovation and productivity. We must provide them access to finance for entrepreneurship and sustainable solutions," Dr Yunus said.
Investing in human capital and an education system aligned with the evolving global job market will shape Asia's future competitiveness, he said.
Women's labour force participation in Asia remains low. Gender gaps persist in leadership and decision-making. "We must remove barriers to women's economic empowerment and ensure equal access to opportunities," Dr Yunus said.
17 days ago
Nation observing ‘Genocide Day’ in a befitting manner
The nation is solemnly observing ‘Genocide Day’ today (Tuesday), commemorating the horrific atrocities committed by the Pakistan occupation army on the night of March 25, 1971.
This day stands as a grim reminder of one of the darkest chapters in Bangladesh’s history when the Pakistani military indiscriminately massacred unarmed Bangalis, including students, teachers and police personnel.
Marking the occasion, Chief Adviser Prof Muhammad Yunus on Monday paid tribute to the martyrs who laid down their lives, emphasising that their sacrifices paved the way for the country's hard-earned independence through a nine-month-long War of Liberation.
“The ‘New Bangladesh’ will emerge as a strong, peaceful, and democratic country—this is our pledge on Genocide Day,” he said.
In a message, Dr Yunus reflected on the brutality of March 25, 1971, stating, “On this night, the Pakistani invading forces carried out one of the most barbaric crackdowns in history across the country, including Dhaka. With a heavy heart, I remember all the martyrs who sacrificed their lives on that terrible night.”
Genocide Day: Nation to observe one minute ‘blackout’ at 10:30 pm on March 25 night
He noted that the nation continues to grieve the massacre. Recalling the tense days of March 1971, Dr Yunus mentioned that, as Bangladesh was in the throes of a mass movement, military dictator Yahya Khan secretly left Dhaka on the evening of March 25. That same night, the Pakistani forces launched ‘Operation Searchlight,’ unleashing a brutal assault on unarmed civilians.
As part of the observance, a one-minute nationwide ‘Blackout’ is scheduled from 10:30 pm to 10:31 pm today. However, Key Point Installations (KPIs) and emergency establishments will remain exempt, according to a Press Information Department handout. Besides, no decorative lighting will be permitted at government, semi-government, autonomous, or private institutions tonight.
Seminars on the genocide and the Liberation War are being held at the Liberation War Museum and other venues, providing a platform for in-depth discussions on the nation’s history.
Rare photographs and documentaries showcasing the genocide are being exhibited in Dhaka and other city corporation areas to educate and raise awareness about this dark period.
Genocide Day: Dr Yunus remembers martyrs of Pakistan's brutal crackdown
Bangladesh Television and Bangladesh Betar are airing special programmes related to the genocide and the Liberation War.
Special prayers are also being held at mosques and other places of worship after Zuhr prayers or at a convenient time, remembering those who perished on the night of March 25, 1971.
19 days ago
Seven eminent individuals receive Independence Award 2025 from Prof Yunus
Chief Adviser Prof Muhammad Yunus on Tuesday conferred the Independence Award 2025 upon seven individuals, recognising their glorious and outstanding contributions to the nation.
The Chief Adviser handed over the award at Osmani Memorial Auditorium.
Sven distinguished individuals are Prof Jamal Nazrul Islam (posthumously) in science and technology, Mir Abdus Shukur Al Mahmud (posthumously) in literature, Novera Ahmed (posthumously) in culture, Sir Fazle Hasan Abed (posthumously) in social service, Mohammad Mahbubul Haque Khan alias Azam Khan (posthumously) in Liberation War and culture, Badruddin Mohammad Umar in education and research, and Abrar Fahad (posthumously) for his role as a young protester.
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Family members of the awardees received the awards.
Advisers, the Chiefs of the Army, Navy and Air Force, and senior government officials were present at the ceremony conducted by Cabinet Secretary Dr Sheikh Abdur Rashid.
Speaking at the function, Dr Yunus said the nation is proud today, but it is very painful that these people were not given this recognition when they were alive.
"We remember them today with gratitude," he said.
Dr Yunus said the people of the country are delighted to honour them with this award despite it being late.
He said their works would inspire all.
The government also reinstated the posthumous Independence Award earlier bestowed on Shaheed President Ziaur Rahman revoking the unfair decision of the previous government.
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19 days ago