SINGAPORE’S DBS Bank and Singapore-based impact investing platform Impact Investment Exchange (IIX) have priced a US$8 million bond aimed at improving livelihoods of more than 385,000 women in South-east Asia. Termed the Women’s Livelihood Bond (WLB), this four-year bond offers a coupon rate of 5.65 per cent per annum, and is expected to be listed on the Singapore Exchange within a month, said DBS in a release on Thursday. If successful, the listing will make it the first such bond to be listed on a traditional stock exchange. Read More.
WHEN it comes to doing good and corporate social responsibility (CSR), it seems that there is often a mistaken notion that it is something only large multi-national corporations can afford. For a start, it is not about spending vast resources – be it princely sums of money or hundreds of hours of manpower. While these are certainly various means of contributing to society, there are many other innovative ways that small and medium-sized enterprises (SMEs) and startups can make a difference. The SME Magazine takes a look at what businesses in Singapore are doing to make a social impact despite of challenges they face. Read More.
Durreen Shahnaz wins for her work with the world’s first stock exchange dedicated to social enterprises
THE founder of a Singapore-based impact investing platform has clinched an Oslo Business for Peace Award, alongside Tesla founder Elon Musk and two others.
Durreen Shahnaz won for her work with Impact Investment Exchange (IIX), dubbed the world’s first stock exchange dedicated to social enterprises. It was founded in 2009, and has “positively impacted” some 10 million lives, according to the award’s committee. Read More.
Durreen Shahnaz, a Bangladeshi and founder of Singapore-based impact enterprise Impact Investment Exchange (IIX) and IIX Foundation, has been selected as a 2017 Business for Peace Award honoree for her commitment to promoting an evolved form of capitalism that values both financial returns and positive social and environmental impact.
Durreen is the third Bangladeshi to receive the award after Latifur Rahman, chairman and CEO of Transcom Group in 2012, and Selima Ahmad, vice chairperson of Nitol-Niloy Group in 2014.
Today John Danilovich, Secretary General of International Chamber of Commerce (ICC), announced the winners of 2017 Oslo Business for Peace Award at an event at the Oslo City Hall, hosted by Governing Mayor of Oslo Raymond Johansen. Dr. Harley Seyedin (President of American Chamber of Commerce in South China), Elon Musk, Durreen Shahnaz and Murad Al-Katib are the four winners of this award. The selection was made by an independent committee of Nobel Prize winners in Peace and Economics in closed-door meetings for the Oslo Business for Peace Foundation. Read More
As a young girl in Dhaka, Bangladesh, Durreen Shahnaz would watch as the men in her family left home to go pray at the mosque. The women often stayed behind to feed beggars outside their home. “We didn’t have much,” Shahnaz remembers. “It was a post-war nation ravished with famine, but we all had to do our part. It was important for us not just give something to others but also to help them stand on their feet.”
Asia Society today announced the 2016 Asia Game Changers, recognizing those making a transformative and positive difference for the future of Asia and the world.
This year’s nine honorees include a doctor who has restored sight to thousands of patients, a young activist who is bringing education to her fellow Syrian refugees, a pioneer in social impact investment in Asia, and two musicians who are using art to heal their war-torn nations. Iconic architect I.M. Pei, a mentor to scores of American and Chinese architects alike, will receive the first Asia Game Changer Lifetime Achievement Award. Read More
EVEN small-scale businesses can make a big different in society as shown in the recent success of six winning enterprises across Asia, including the Philippines, feted in the inaugural IIX-N-Peace Innovation Challenge 2015. Read More