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Hansel

Nobel Laureate Develops Low-Cost Health Care System for Bangladesh - 0 views

  • meen Health, an affiliate of Grameen Bank, has 51 clinics that offer low-cost treatment to villagers who pay an insurance premium of just $2 a year
  • Yunus says he is working with U.S. medical experts to create health care centers that allow villagers to transmit their medical information over the Internet using cellular telephones to a far-away doctor's computer. "He can see it on the screen and decide what the advice should be in this particular case and pick up the mobile phone and tell the health management center what is the next step to take, what precautions, whatever advice they have," he said.
  • One of his partners, Pfizer - the world's biggest pharmaceutical maker - is helping to evaluate Grameen's health care delivery systems. Another is General Electric, the world's top maker of medical imaging devices such as ultrasound machines. GE is working with villagers to make diagnostic equipment less complex and easier to carry to people's homes. And the Mayo Clinic, a leading nonprofit medical provider, is training village doctors and nurses how to use state of the art medical equipment.
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  • Yunus says another way to make his health care network sustainable is to encourage Bangladeshi women to train as nurses and become part of the Grameen health care system. "In Bangladesh, we are in a very strange situation where there are three doctors per nurse because the shortage of nurses is so big. So we thought we could turn it around. You have plenty of girls with good quality education. We can run them through the nursing colleges, and they become good health care workers and they will fill up the gap," he said.
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    Nobel Peace Prize winner Muhammad Yunus of Bangladesh is developing a health care network for the poor in his country that will operate at low cost using mobile phone technology.
Hansel

BD Mobile Market to be Overhauled - 0 views

  • The top three operators -- Grameenphone, Banglalink and AKTEL -- have withdrawn their Tk 0.25 special tariff. The three operators control more than 90 percent of the market, or 40.14 million customers. The total market size is 45.21 million customers.The mobile operators had previously charged Tk 0.25. Now they are charging a minimum of Tk 0.40 to Tk 0.49 per minute. Grameenphone and Banglalink have recently increased their 'start-up' prices to Tk 900, which ranged from Tk 450 to Tk 500 a month ago. "Bangladesh has the lowest call rates in the world, which means that return on investment takes a very long time. This is why most mobile operators today are still not profitable," Ahmed Abou Doma, chief executive officer and managing director of Banglalink, said yesterday.
  • Egypt-based Orascom Telecom's subsidiary Banglalink entered the market in 2005. Even after having the market's second largest customer base, the company is yet to enjoy profits mainly because they had to bear the huge subsidised connection costs.
  • Till December 2007, Aktel was churning profits. But after paying a big fine for conducting illegal VoIP (voice over internet protocol) operations, like other companies, Aktel started to incur losses from early 2008. However, among the top three players, only Grameenphone is now enjoying profits. But it has also revised its tariff plan to continue the trend.
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  • Once upon a time, mobile operators made profits even after paying the SIM tax on behalf of customers, because the per minute call charge was Tk 7, said Fazlur Rahman, president of the Association of Mobile Telecom Operators in Bangladesh (AMTOB). "That is no longer possible by offering calls at Tk 0.25 per minute."
  • Grameenphone is the market leader, having 20.94 million customers. The BTRC figures also showed Egyptian Orascom-owned Banglalink has a 10.70 million-subscriber base. AKTEL, majority-owned by Telekom Malaysia International, has 8.598 million users.The lone CDMA operator Citycell owns 1.85 million customers while the state-run TeleTalk has 0.93 million customers.
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    Some major mobile operators are adopting a conservative tariff strategy to buck the losing trend that has been continuing for years. The companies are retreating from their earlier aggressive marketing positions when they had offered intra-operator calls as low as Tk 0.25 per minute, realising that such competition was not a very good business model.
Hansel

Bangladesh keen to boost bilateral trade with India- Foreign Trade-Economy-News-The Eco... - 0 views

  • The Indian delegation, headed by ICC president Sanjay Budhia, while meeting Bangladesh Prime Minister Sheikh Hasina in Dhaka on Monday, expressed willingness to set up an SEZ there. For this, it has sought a suitable 150 acre plot in that country, wherein it may attract Indian investments worth $5 billion, suggested the chamber.
  • Direct investment from India could help Bangladesh reduce its trade deficit with India. Massive investments from Indian corporates, including prominent ICC members will create surplus capacity which would not only improve availability of manufactured goods and diversify its basket of goods for re-export to India, said ICC.
  • During its discussion with the Bangladesh authorities, the Indian delegation has pointed out that sectors like energy, power (both hydel and thermal), steel, communication, healthcare, fertiliser, oil & gas, limestone and forest-based industries like paper, export of plantation crops, spices, fruits, vegetables, flower, herbs and processed foods are some of the areas which can drive a stronger bilateral economic relations between the two countries.
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  • Dwelling on hurdles to Indo-Bangla trade, Bangladesh Prime Minister Sheikh Hasina said issues like product codification and quality checking, raised by India, are acting as non-tariff barriers. To remove such bottlenecks, she has asked ICC to take up initiatives in resolving the problem of delays in getting certificates from India on Bangladesh’s exports and lack of testing facilities in the North-East. In this context, she told ICC that her government is working on product specification and upgradation of quality in consultation with Bureau of India Standard (BIS).
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    Bangladesh is keen to resolve all issues relating to its connectivity improvement with the North-East and eastern India.
Hansel

AFP: Dwindling exports hit Bangladesh economy - 0 views

  • Clothing manufacture underpins impoverished Bangladesh's industrial activity, accounting for 80 percent of overseas sales and pulling in 11 billion dollars a year.
  • At the start of Bangladesh's financial year in July, garment exports were up 72 percent from a year earlier, but by February growth had slowed to four percent year-on-year as orders from Western retailers evaporated.
  • "The whole economy can unravel if garment exports continue to slow down as many other sectors such as transport, services and construction are directly dependent on this sector," said Masato Miyazaki, an IMF adviser on Bangladesh.
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  • The garment industry employs 2.5 million workers, mostly women, who account for more than 40 percent of Bangladesh's industrial workforce.
  • the currencies of India and Pakistan have depreciated against the dollar in recent months, making their goods cheaper, while the Bangladeshi taka has remained steady."Garment exports grew over 40 percent in the first quarter as orders meant for China directed to Bangladesh because of its cheap production cost,' said trade expert Mustafizur Rahman, a visiting Yale University professor."But it started to slow down sharply since October as China has withdrawn taxes and pumped incentives to its apparel manufacturers to cushion against global recession," he said.The BGMEA, which groups 4,500 export-oriented garment factories, said firms need subsidies worth 10 percent of the value of their exports to stay competitive.
  • The World Bank has forecast growth this financial year could be two percentage points lower than expected at 4.5 percent, the lowest in eight years.Last year the economy grew by 6.2 percent and the government had been aiming for 6.5 percent this year.On top of the export slump, Bangladeshi workers abroad are being laid off in the Middle East, South East Asia and other countries where Bangladeshis find low-skilled, low-wage work.This has hit remittances, another worry for authorities as money sent home by workers abroad is the second biggest foreign exchange earner after exports.
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    One of the country's biggest selling points was its ability to undercut rivals India, Pakistan and China as Bangladeshi labour was among the world's cheapest. But those countries now are beating Bangladesh on price, industry leaders said. "We used to boast that nobody could beat us but Pakistan, China and India are now offering cheaper rates," said Z.A. Chowdhury, director of leading manufacturer Knit Asia, which sells garments to British supermarket chain Tesco.
Hansel

Bangladesh's foreign exchange surpasses $6 bln_English_Xinhua - 0 views

  •  According to BB statistics, Bangladesh's remittance inflow grew24.43 percent to around 7.03 billion U.S. dollars in July-March period of the current fiscal year (July 2008-June 2009) despite a global recession that forces job cuts around the world.     Bangladesh's exports in the first eight months of the current fiscal year 2008-09 (July 2008-June 2009) posted 15.90 percent growth and stood at around 10.35 billion U.S. dollars.     The country's Letter of Credits (L/Cs) against imports worth 1.57 billion were settled in February over that of 1.999 billion U.S. dollars in January, according to the central bank provisional statistics.
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    Bangladesh's foreign exchange reserve has surpassed 6 billion U.S. dollars, a senior official said on Monday.
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