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Market Nuggets: MKS: Gold Market Awaiting European Summit Thursday

admin — Thu, 21 Jul 2011 21:27:25 +0000

(Kitco News) — One of the next key events for gold and other markets is a meeting of European officials Thursday to discuss the Greek debt crisis, as well as contagion risks to other European economies like Italy and Spain, says MKS Finance. “It seems though unlikely that any real resolution can be found to this issue on this occasion,” MKS says. Analysts cite comments from German Chancellor Angela Merkel saying further steps will be necessary and not one spectacular event will solve the problem. MKS says it foresees increased demand for gold from risk-averse European investors, which may help the metal even if the dollar strengthens.

By Allen Sykora of Kitco News; asykora@kitco.com

Market Nuggets: RBC’s Gero: Gold Steadies As Buying Emerges On Sell-Off

(Kitco News) — Gold continues to find buyers after sell-offs, allowing the market to steady as it awaits resolution of debt-ceiling talks in the U.S. and euro-zone debt talks, says George Gero, vice president of RBC Capital Markets Global Futures. August gold fought its way back above $1,600 after a late-Tuesday correction, peaking at $1,600.80 an ounce. As of 1:38 p.m. EDT, the contract was $1.20 lower at $1,599.90 but well up from its $1,581.10 low. Gero notes open interest has been strong lately. The most-recent Comex gold open-interest data showed outstanding positions of 542,342, compared to 494,169 as of the start of the month.

By Allen Sykora of Kitco News; asykora@kitco.com

Market Nuggets: FuturePath’s Lesh: Comex Gold Softer On Signs Of Progress Toward U.S. Debt Deal

(Kitco News) — Comex gold is retaining a softer tone after falling in screen trading following the pit close Tuesday when President Obama cited progress in U.S. budget and debt-ceiling talks and supported a so-called “Gang of Six” plan in the Senate. Previously, gold ran up to a record high “on anticipation of the worst in terms of no debt deal in the U.S. and an unravelling of any debt deals in Europe,” says Frank Lesh, broker and analyst with FuturePath Trading. “We fell off pretty hard yesterday right as President Obama mentioned progress was being made and he thought there would be a solution.” This prompted some long liquidation, Lesh reports. As of 9:03 a.m. EDT, Comex August gold was $18.30, or 1.1%, lower at $1,582.80 an ounce. Lesh put initial support around $1,575. Below this, he listed old highs in the upper $1,550s that failed as resistance and turned into support.

By Allen Sykora of Kitco News; asykora@kitco.com

Market Nuggets: IAI: Primary Global Aluminum Output Falls In June But Up From Year Ago

(Kitco News) — Primary global aluminium production was 2.098 million metric tons in June, the International Aluminum Institute reports. This is down from 2.167 million tons in May but up from 1.998 million in June of 2010, the IAI says. In June, output fell in all regions. However, June daily global aluminum output of 69,900 tons was steady with May and up from 66,600 in June 2010.

By Allen Sykora of Kitco News; asykora@kitco.com

Market Nuggets: Barclays: Gold ETP Holdings Slip From Record High; Investment Still ‘Stable’

(Kitco News) — Holdings in gold-backed exchange-traded products eased from their record highs Tuesday, although demand overall appears “stable” for now, say analysts with Barclays Capital. As of Monday, global ETP holdings stood at a record 2,170.9 tons. Then they fell 2.5 metric tons Tuesday, the bank reports. “However, the bulk of interest remains relatively stable, and as we have highlighted previously, given we are in a seasonally weak period for demand, a decline in investor appetite is likely to be met with temporary steeper corrections,” Barclays says. “But the external environment remains supportive for gold, and barring short-terms corrections, we would expect prices to test fresh highs. As our asset-allocation analysts note, swift and targeted policy actions by European policymakers are needed but there is little sign it is immediately forthcoming and the upcoming 21 July EU heads of state summit appears now to be the key event to watch over the next few days.” Meanwhile, Barclays reports that silver ETP holdings rose by 193 tons Tuesday to their highest level since May 24.

By Allen Sykora of Kitco News; asykora@kitco.com

Market Nuggets: Gold, Silver Back Down, But Commerzbank ‘Optimistic On a Long-Term Horizon’

(Kitco News) — Gold and silver have pulled back from their recent peaks, but Commerzbank looks for further gains in the longer term. “Even if we assume further price rises for precious metals in the long term, a boom is not a one-way street and the optimism on gold and silver especially was excessive recently in our view,” Commerzbank says. “We are optimistic on a long-term horizon, since silver ETFs also enjoy increasing popularity, with the largest silver ETF, iShares Silver Trust, registering 191 tons of inflows yesterday alone. ETF holders often prove to be long-term-oriented investors.” Meanwhile, the SPDR Gold Trust reported outflows of 3.3 metric tons Tuesday, which the bank attributes to some uncertainty on sustaining $1,600-an-ounce gold. In the medium to long term, support for gold will come from production problems that curb the expansion of supply, in addition to persisting sovereign-debt issues, Commerzbank says. “In South Africa, for example, pay negotiations between the National Union of Mineworkers and gold mine operators have been interrupted without result. Despite a higher offer from the employers, the union is sticking to its pay demand of 14%.”

By Allen Sykora of Kitco News; asykora@kitco.com

Market Nuggets: CME Group: E-Micro Gold Averaged 2,200 Contracts Per Day Last Week

(Kitco News) — The average daily volume of CME Group’s still-young E-micro gold futures last week was around 2,200 contracts, says Patricia Cauley, director, metals products, with CME Group. The 10-ounce contract, launched last fall, allows small speculators to participate in the gold market with smaller margin requirements than would be required to trade the full 100-ounce Comex contract. The volume has picked up from the previously reported average of 374 contracts per day from the E-micro launch on Oct. 4 through Dec. 31. Cauley spoke late Tuesday during a Webcast by Lind-Waldock and CME Group on the impact of new Frank-Dodd Wall Street Reform legislation that banned over-the-counter metals trading for smaller retail investors as of last week.

By Allen Sykora of Kitco News; asykora@kitco.com

Market Nuggets: Lind-Waldock: New Rules May End Up Adding To CME Metals Liquidity

(Kitco News) — New Frank-Dodd Wall Street Reform legislation that banned over-the-counter metals trading by small speculators as of last week could mean increased liquidity for futures traded on exchanges, says Jim Comiskey, Lind Plus senior market strategist. He spoke late Tuesday during a Webcast by Lind-Waldock and CME Group on the impact of new rules for metals traders. The intent of the rules is to move unregulated trading to exchanges that are regulated, he explains. This could end up adding even liquidity and depth to futures trading on CME Group, he says. If so, this could mean even tighter spreads—allowing traders to enter and exit markets at the price points they intend—and thereby allow even more “orderly” markets, Comiskey explains.

By Allen Sykora of Kitco News; asykora@kitco.com

Central European Media Enterprises Announces Second Quarter 2011 Earnings …

admin — Thu, 21 Jul 2011 17:27:15 +0000

HAMILTON, Bermuda, Jul 20, 2011 (GlobeNewswire via COMTEX) –
Central European Media Enterprises Ltd. (“CME”)

/quotes/zigman/81511/quotes/nls/cetv CETV
+6.98%

(prague stock exchange:CETV) announced today that it will release its second quarter 2011 financial results before U.S. market hours on Wednesday, July 27, 2011.

CME will also host a teleconference and video webcast to discuss its second quarter 2011 results on Wednesday, July 27, 2011 at 9 a.m. New York time (2 p.m. London and 3 p.m. Prague time). The video webcast and teleconference will refer to presentation slides which will be available on CME’s website at
www.cetv-net.com prior to the call.

To access the teleconference, U.S. and international callers may dial +1 785-424-1051 ten minutes prior to the start time and reference passcode 7CETVQ2. The conference call will be video webcasted live via
www.cetv-net.com .

The video webcast and a digital audio replay in MP3 format will be available for two weeks following the call at
www.cetv-net.com .

CME is a vertically integrated media company operating leading broadcast, content and new media businesses in six Central and Eastern European countries with an aggregate population of approximately 50 million people. CME’s television stations are located in Bulgaria (bTV, bTV Cinema, bTV Comedy, bTV Action and Ring.bg), Croatia (Nova TV, Doma and Nova World), the Czech Republic (TV Nova, Nova Cinema, Nova Sport and MTV Czech), Romania (PRO TV, PRO TV International, Acasa, PRO Cinema, PRO TV Chisinau, Sport.ro and MTV Romania), the Slovak Republic (TV Markiza and Doma) and Slovenia (POP TV, Kanal A and POP Brio). CME is traded on the NASDAQ and the Prague Stock Exchange under the ticker symbol “CETV”.

This news release was distributed by GlobeNewswire,
www.globenewswire.com

SOURCE: Central European Media Enterprises Ltd.


        CONTACT:  Romana Wyllie
        Vice President Corporate Communications
        Central European Media Enterprises
        +420242465525
        romana.wyllie@cme-net.com

/quotes/zigman/81511/quotes/nls/cetv

Add CETV to portfolio

CETV

Aspect Enterprise Solutions Presents Webcast Series for Trading and Operations … – SYS

admin — Fri, 15 Jul 2011 08:22:05 +0000

- Focusing on Efficiently Leveraging Important Commodities Pricing Data and News

Aspect Enterprise Solutions announces the next in its series of popular E-Learning Webcasts for commodity trading professionals. This series of free Webcasts is designed to show traders how to reduce market data costs while improving access and the ability to leverage vast amounts of aggregated data in the most efficient way to make confident trading decisions.

Commodities traders, risk managers and back-office professionals in all industries, including oil, gas, biofuels, agriculture and metals are invited to register for the next Webcast, which takes place on Thursday, July 21 by visiting the registration page at this link https://aspectenterprise-events.webex.com/aspectenterprise-events/onstage/g.php?t=ad=846124963

In this 45-minute Web session, Aspect will examine how to use the latest charting and historical pricing tools to unlock the value contained in large volumes of data to identify seasonality trends and price correlations and support trading decisions. The Webcast will include a live demonstration of how to use up to 20 years of historical spot pricing from leading oil market sources like Platts, a division of McGraw Hill, and NYMEX which delivers the WTI Crude Oil benchmark from the Chicago Mercantile Exchange (CME). The Webcast will also feature an in-depth look at other important trading functionality and analytical tools, and provide use-case scenarios to demonstrate valuable benefits.

Brigette Gebhard, vice president of marketing at Aspect says, “These Webcasts are a great way for our customers to keep up to speed with new features and functionality found in our online trader portal, AspectDSC. They also provide a good preview of the system for prospective customers to see the benefits first hand and ask questions on the spot.”

Recordings for previous Webcasts are available here http://www.aspectenterprise.com/events_and_news/events.php. Free trials are also available on the Aspect Website at www.aspectenterprise.com.

Previous Webcasts feature real-time data and tools, how to access a wide range of data and tool sets on mobile devices like iPad, BlackBerry, Android and other windows-enabled devices; and also how to easily configure devices and desktops with only the information needed through the latest technology in Cloud computing. There is also an in-depth look at the real-time data and charting functions available via the platform and how to use these to identify potential risks and profitable opportunities.

About Aspect Enterprise Solutions
Aspect provides Web-based enterprise class market information, trade and decision support tools for commodities professionals. Its solutions are trusted by over 500 firms in 90 countries, and go live quicker, fit more exactly and deliver greater ROI at far less cost than older vendor technologies. Aspect Software-as-a-Service (SaaS) applications are delivered in the Cloud and include AspectCTRM which is recognized in Gartner’s Magic Quadrant of ETRM Systems. It’s a full-featured commodity trading and risk management suite available in 3 editions that expand to the needs and budgets or its clients: Lite, Standard and Enterprise. AspectDSC is its decision support center delivering oil, metals and agricultural market news, prices, and analytical tools on desktop and mobile devices including Apple® iPhone® and iPad®, BlackBerry®, Android, and other others. AspectPM is the Price Manager solution which provides consolidation and support for the global oil price forecasting process and forward curve management.

For more information visit www.aspectenterprise.com

Aspect Enterprise Solutions
Jane Pryce-Jones
jpryce-jones@aspectenterprise.com
+44 (0)20 7632 0170

Welcare Hospital Launches Multidisciplinary Cancer Approach

admin — Wed, 13 Jul 2011 03:56:16 +0000

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New Tumour Board is initiated to advance treatment for Oncology patients
Dubai, UAE, 11 July 2011. Welcare HospitalWelcare Hospital launched a multidisciplinary Tumour Board this July. With the aim of supporting and increasing the quality of treatment received by Oncology patients, the Board will facilitate discussion between cross-discipline specialists in order to deliver the best possible course of treatment for each patient.

“Diagnostic decisions, tumour diagnosis, tumour development, treatment plans and modality of care are significantly altered and influenced by such interdisciplinary collaboration,” Asst. Prof. Dr. Paul Sungler, the hospital’s Medical Director said. “It is now mandatory and in the best interests of each patient that our dedicated specialists meet to discuss each and every cancer case.”

Today there are a vast number of cancer types. Consequently, accurate staging, treatment options and modalities are becoming increasingly complex. “It remains difficult, sometimes impossible, for a single clinician to determine which treatment option best serves the patient. For example, surgeons may not always be aware of the latest advancements in the fields of Oncology, Radiotherapy and Genetics,” says Dr Sungler. “Therefore, a Tumour Board serves not only as a medical tool, but as an ethical board to ensure the most informed decision-making for individual cases.”

Oncologist, Dr Mikhael Fadi says that for each cancer case, the Tumour Board team will be made aware of the “clinical presentation, work up and modality for the initial tissue diagnosis, clarification and differential diagnosis and the specifics of the management plan. Briefings and discussion will cover all treatment options such as initial surgery (with or without adjuvant treatment), upfront chemotherapy/radiotherapy for interval cytoreduction [a means of reducing the tumoural mass], and, if necessary, palliative surgery options.”

With this occasion, Dr. Sungler will be hosting a Dubai Health Authority approved lecture entitled “The Impact of a Tumour Board” at Welcare HospitalWelcare Hospital on 13^th July 2011. Doctors from other hospitals are welcome to attend and will earn Continuing Medical Education (CME) points.

-Ends-

About Welcare HospitalWelcare Hospital:
Welcare HospitalWelcare Hospital is one of the UAE’s leading private hospitals, operated by EHL Management Services, offering international calibre, multi-specialty healthcare in a caring and friendly environment. The 126-bed facility in Dubai offers more than 14 specialized departments, including Cardiology, Oncology, Maternity, Urology, Endocrinology, Nephrology, Gastroenterology and Pulmonology.

For further information, please contact:
EHL Management Services
Arun Avamil
Tel: + 97144495285
Email: arun.avamil@ehl.ae

© Press Release 2011

Canon Middle East assumes responsibility over East African markets

admin — Wed, 06 Jul 2011 22:26:09 +0000

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New set-up part of strategy to boost support services to partners and optimise supply chain in East Africa
Canon Middle EastCanon Middle East, leader in imaging solutions, has announced that it is assuming responsibility over operations in East African markets as part of a strategy to enhance the delivery of support services to channel partners in the region. To mark its new alliance with CanonCanon partners from Ethiopia, Kenya, Tanzania, Uganda, Somalia, Eritrea, Rwanda and Burundi, a kick-off meeting was organised at The Palace hotel, Dubai where the company also discussed its strategy and highlighted the exciting opportunities in markets across East Africa.

CanonCanon pointed out that the transfer of operations is greatly beneficial to East African customers as it establishes tighter trade links to the African market by capitalizing on the advantageous location of Dubai as a main gateway.

“The transfer of operations of the East African market is part of our continuing efforts to raise the level of support that strengthen our relations with partners. Moreover, it reaffirms CanonCanon‘s commitment to find new ways to deliver our quality products and services to consumers in line with our closer to customers strategy. The recent meeting with our channel partners also provided an excellent opportunity to discuss our exciting plans to harness the immense growth potential of the East African region and to likewise ensure a seamless transition,” said Anurag Agrawal, Managing Director, Canon Middle EastCanon Middle East.

CanonCanon presented and discussed its strategies for the second half of 2011 during the meeting with the East African partners, underlining CanonCanon‘s goal of maintaining its leadership in all East African markets. CanonCanon also presented the new team that will oversee operations in the East Africa territory. The channel partners were also invited to a tour of the Canon Middle EastCanon Middle East offices at Dubai Internet City.

-Ends-

About Canon Middle EastCanon Middle East:
Canon Middle EastCanon Middle East FZ LLC (CME), a subsidiary of CanonCanon Europe, is the Regional headquarters for CanonCanon in the Middle East and North Africa and is based in Dubai, UAE. CanonCanon has been represented in the Middle East for more than 40 years through distributors and partners which has successfully built a solid customer base and significant market share in the region.

In 1998, CanonCanon set up a representative office in Dubai to help partners deliver even more with additional on-the-ground support. By 2001, CanonCanon had transformed into a full subsidiary with extensive logistics facilities, and in 2002 moved into its spacious new head office at Dubai Internet City, with a rapidly growing staff. As of January 1st, 2005, CanonCanon North Africa S.A.S. (CNA) based in Paris became a 100 per cent owned subsidiary of Canon Middle EastCanon Middle East and oversees French speaking African countries.

CME today manages sales, marketing and technical support activities across 36 countries; in the Middle East including Saudi Arabia, Egypt and the UAE as well as French speaking African countries.

For more information please contact:
DNA Communications
P.O. Box: 191117, Dubai
T. 00971 4 3988490
F. 00971 4 3988491
E. info@dnacomm.com
W. www.dnacomm.com

© Press Release 2011

China’s debt ‘time bomb’

admin — Thu, 30 Jun 2011 12:08:56 +0000

China’s first audit of local government debt found liabilities of 10.7 trillion yuan ($1.7 trillion) and warned of repayment risks, including a reliance on land sales and investment in stocks.

A total of 148 financing vehicles set up by regional authorities already had more than 8 billion yuan in overdue debt, while more than 5 percent of such companies used new bank borrowing to repay existing loans, according to an audit report posted on the National Audit Office’s website.

“Some local government financing platforms’ management is irregular, and their profitability and ability to pay their debt is quite weak,” Liu Jiayi, the country’s auditor-general said today, according to a transcript of his webcast. Some governments have offered illicit guarantees to such companies, while others rely on land sales to help them repay, Liu said.

Premier Wen Jiabao ordered the first audit of local-government borrowing in March, amid concern spending designed to support the economy following the 2008 global financial crisis would leave a legacy of bad debt. As much as 30 percent of bank loans are expected to turn sour and they are likely to be the biggest source of non-performing assets for the industry, Standard Poor’s said in April.

Local governments, barred from selling bonds or borrowing directly from banks, had set up 6,576 financing vehicles by the end of 2010 to raise money, the audit showed, accounting for 4.97 trillion yuan, 60 percent of which governments have responsibility to repay.

UBS AG estimated in a June 7 report that local government debt could be 30 percent of gross domestic product and may generate around 2 to 3 trillion yuan of non-performing loans. Credit Suisse AG economist Tao Dong said it was the biggest “time bomb” for China’s economy.

“Overall it seems manageable but the real question: is anyone going to manage it?” said Vincent Chan, head of China research at Credit Suisse in Hong Kong. “Everyone wants to solve the problem on the condition that the other two parties pay the bill.”

The audit showed 80 percent of local government debt was bank loans and 70 percent will mature in the next five years.

Qu Hongbin, a Hong Kong-based economist for HSBC Holdings Plc, said the biggest problem was transparency and the mismatch between maturities and projected revenue generation.

“Without real action going towards a restructuring of these debts, banks would face a real risk of defaulting in the coming years,” he wrote in report today.

Governments from 12 provinces, 307 cities and 1,131 townships have pledged to use revenues from land sales to repay a combined outstanding debt of 2.55 trillion yuan. More than 35 billion yuan of money borrowed by local governments went into the stock and property markets or prohibited projects, the report showed. Five of China’s commercial banks have issued 58 billion yuan of loans that violated loan rules, it said.

The yield on the government’s 2.77 percent May 2012 bonds jumped 49 basis points, or 0.49 percentage point, this month to 3.51 percent, as the central bank tightened money supply to curb inflation. Twelve-month non-deliverable yuan forwards have dropped 0.6 percent in June to 6.3987 per dollar.

The cost of five-year credit-default swaps protecting Chinese government bonds from default jumped 16 basis points this month to 89, according to data provider CMA, which is owned by CME Group Inc. and compiles prices quoted by dealers. The contracts protect investors from losses when a company or government fails to pay its debt.

Liu proposed that the country study allowing provincial governments and some city authorities to sell an appropriate amount of debt. The plan should get an approval from the State Council, he said.

The financing vehicles will have to pay interest and principal by year-end, said Liu Li-Gang, who formerly worked for the World Bank and is chief China economist at Australia New Zealand Banking Group Ltd. in Hong Kong. If the local governments can’t issue debt in the next three years, they would have to cut their combined fiscal spending by 5 percent to 7 percent of GDP to meet obligations, he said.

“If the central government can allow local governments to issue long-term debt, then the liquidity problem won’t look very serious,” he said. “I don’t think this will necessarily run into a banking crisis in China given the balance sheet condition of the central government is very good at this stage.”

The audit gave a number lower than the central bank, which said June 2 that more than 10,000 financing vehicles had been set up. The banking regulator has estimated local government financing vehicle debt at over 7.7 trillion yuan.

“It seems the government doesn’t have a concrete idea what is a local government financing vehicle and what isn’t,” Credit Suisse’s Chan said. “The biggest problem is it’s very difficult to define in China what is private and what is public.”

” target=”_blank”Bloomberg.com

CME Group Inc. Announces Date Of Second-Quarter 2011 Earnings Release …

admin — Tue, 28 Jun 2011 15:28:22 +0000

CME Group Inc. will announce earnings for the second quarter of 2011 before the financial markets open on Thursday, July 28, 2011. The company has scheduled an investor conference call that day at 7:30 a.m. Central time.

A live audio Webcast of the conference call will be available on the Investor Relations section of the company’s Web site, www.cmegroup.com. Following the conference call, an archived recording will be available at the same site. Those wishing to listen to the live conference via telephone should dial (888) 352-6793 if calling from within the United States or (719) 325-2170 if calling from outside the United States, at least 10 minutes before the call begins.

Live Meetings Sway MDs to Screen for HSDD

admin — Tue, 28 Jun 2011 15:28:19 +0000

After a series of live continuing medical education (CME) activities on female hypoactive sexual desire disorder (HSDD), primary care clinicians who previously did not screen for the disorder indicated they would incorporate such screening into their practices, according to a new study from Pri-Med.

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Prior to the activities, 41% of primary care cliniciansÂ did not screen for sexual dysfunction in female patients, and almost 75% reported they â€œsometimes/rarely/neverâ€? assessed their sexual health. However, following the activity, 61% of clinicians indicated they planned to regularly assess sexual health in their female patients, and 63% of clinicians reported they would incorporate open-ended patient questioning about sexual health into their practice.

Pri-Med, a leading provider of professional medical education solutions to a community of more than 248,000 U.S.-based primary care clinicians,Â announced the study findings at the American College of Obstetricians and Gynecology 59th Annual Clinical Meeting, held April 30-May 4, 2011 in Washington, D.C.

The live activities utilized a blend of multimedia delivery formats, including patient-physician video scenarios and interactive audience polling, to address the clinical care gaps. More than 3,100 clinicians participated in the activities in five major U.S. cities.

The education intervention was sponsored and administered by pmiCME, LLC, Pri-Medâ€™s accredited provider of education for medical, pharmacy, and nursing professionals. The content was created in collaboration with Athena Education Group, LLC, a recognized medical education company with expertise educating on womenâ€™s health issues.

HSDD is an underrecognized and undertreated condition that is often overlooked by HCPs. (Frank 2008)Â Women with HSDD currently receive inadequate health care in part because training in sexual medicine is absent and inadequate in most medical schools.Â Despite the heavy toll it takes on womenâ€™s relationships, mental health and overall quality of life, patients are rarely screened for HSDD or diagnosed with the condition.

â€œTo effectively assess and treat cases of HSDD in primary care practice, clinicians need the appropriate tools and education on how to incorporate effective screening techniques into routine exams, so as to feel comfortable discussing sexual health issues with patients,” said Nike Gazonas, Athena Education Group.

As a way to reinforce learning and broaden the reach to primary care clinicians nationwide, a series of two interactive, multimedia webcasts on this topic will be made available in the next month to more than 248,000 healthcare practitioners registered on Pri-Med.com, and additional audiences via Pri-Medâ€™s CME podcasting series on iTunes.

The activities were supported by an independent educational grant from Boehringer Ingelheim Pharmaceuticals, Inc.

Download study results

Pri-Med is a brand of M|C Communications, LLC, parent company to Physician’s Weekly.

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Virtual classrooms to help docs brush up skills

admin — Tue, 28 Jun 2011 11:28:17 +0000

attend conferences through interactive technology,” he said. Utture added that it would also be a boon for ageing doctors. “CMEs are a must, as doctors who have passed out decades back need to be updated on latest diagnostic and treatment modalities,” he added.

Doctors from places like Pen and Beed spoke about the inconvenience endured in travelling all the way to Mumbai to renew their registrations. Currently, doctors from the entire state have to physically come to the MMC’s Mumbai office at Arthur road

for registration purposes. “Decentralization of registration and renewal services are also on our mind, and it does seem like need of the hour,” said Utture. Last year, around 70,000 doctors had applied for renewing of registrations after the Medical Council of India made it mandatory for doctors to get re-registered every five years.

Another concern voiced by the doctors was the overwhelming number of non-allopathic doctors practising without any rules or laws biding on them. “All norms are for allopathic doctors. But what about doctors from other streams practising without practically any regulations?” questioned Dr Jayesh Lele, secretary general, IMA.

The MMC also suggested that it had around 598 pending complaints against doctors that need to be settled soon. The MMC meets for the first time after its formation on July 9.

Halifax Health Presents: Total Hip Replacement

admin — Fri, 24 Jun 2011 10:19:58 +0000

SOURCE: BroadcastMed, Inc.