Quantcast
 
New ETF Book by Larry Connors - Click here to read more


 

Asian Schools May Hike Fees

Mon. November 02, 2009; Posted: 08:38 PM
Stocks RSS
DUBAI, Nov 03, 2009 (Khaleej Times - McClatchy-Tribune Information Services via COMTEX) -- MGSY | Quote | Chart | News | PowerRating -- Asian schools continue to operate on low fee structures said a senior official of Global Education Management Systems (GEMS), not ruling out a further increase in fees to correct the 'lag' created over the years between development and cost of education.

"The prices that we operate on have become redundant," said Dr Farooq Wasil, director of Asian schools group told Khaleej Times.

"Over a period of time it will even be difficult to manage them... so we need to look at price models of today."

He said fee caps have caused a mismatch between cost and the development over the years. "We were given increments in small pieces. Old schools were struggling and the correction was never done, creating a lag," he said.

Detailing the changes Asian curricula schools have witnessed in the last 25 years, he said there are new norms and equipment to bring them at par with counterparts at schools following other international curricula. "Now all teachers at our Asian schools have a laptop."

Last year, Asian schools were granted a 10 per cent fee increase by the Knowledge and Human Development Authority (KHDA) in Dubai.

Schools in the other emirates have also increased fees by up to 20 per cent for the current academic year. The hikes that came at a time of economic instability had many parents question the intentions of education providers as profit making entities.

Dr Wasil said a regulated fee structure meant, at one point the schools were unable to increase the fees and the entire cost had to be absorbed. "When we enhanced the salaries, it went to almost 36 per cent because the baseline scales went up," he said. "While we did get some increase, our costs were so high that we could never manage."

On an average, the cost of education at an Indian school costs between Dh4,000 to Dh10,000.

The Dubai Modern High School under the group, upped its fees by 90 per cent this year when it shifted to a new campus making it one of the most expensive Indian curriculum schools in Dubai.

GEMS has 11 schools in the UAE that follow the Indian curricula in the Central Board of Secondary Education and Indian School Certificate Examination streams.

At the beginning of the academic year, the provider reported waiting lists with more than 1,000 students at its Asian schools.

As the standard of living elevated in the country, parents expectations have changed and the current fee points pose a challenge to offer facilities said Dr Wasil.

GEMS established its first school, Our Own Indian High School, Dubai in 1968 and educates more than 7,000 students at each school.

The education provider states that quality has never been compromised but, "our resources are stretched beyond capacity for these schools."

With the launch of inspections at Asian schools in Dubai later this month, striving to meet standards laid down by the education authority while operating at low fee structures will be a test for many Asian schools.

The inspection mechanism devised by the school education authority in Dubai in 2008 seeks to improve the quality of education in the emirate and judges them on seven key criteria.

However, as part of the process a fee increase is linked to the grade a school receives, which education providers said traps them in a vicious circle of limited progress.

This year, Asian schools that were exempt owing to a difference in the start of their academic year in 2008, will be inspected later this month.

"Our price points are already low and when the fee increase is linked to inspections this creates a further gap," said Dr Wasil.

Many education providers have raised their discontent over the KHDA's decision to link fee increases to the inspections grades.

After the first cycle of inspections, "Outstanding" schools were allowed a 15 per cent fee increase while "Unsatisfactory" schools were allotted a 10 per cent fee hike.

"If you want to drive quality there is a underpinned cost. If you do not have good resources, it will impact the quality of learning. If you do not involve quality teachers at a price and do not have leadership in resource and development, it will impact quality," he said.

afshan@khaleejtimes.ae

To see more of the Khaleej Times, or to subscribe to the newspaper, go to
http://www.khaleejtimes.com. Copyright (c) 2009, Khaleej Times, Dubai, United
Arab Emirates Distributed by McClatchy-Tribune Information Services. For
reprints, email tmsreprints@permissionsgroup.com, call 800-374-7985 or
847-635-6550, send a fax to 847-635-6968, or write to The Permissions Group
Inc., 1247 Milwaukee Ave., Suite 303, Glenview, IL 60025, USA.
For full details for MGSY click here.

    


More News:   Market Updates | Stock Alerts | All Trading News | Stock Index

Email
Print
Archives
Feedback
Email Article Link
Close X
Recipients email address
Your name
Your email
Add a note (optional)




Stocks RSS





Related News [MGSY]
  UPCOMING EVENTS
Learn new strategies, how to trade in this market, and the stocks you should be focusing on each day. Join us for our free 20 minute tele-seminars during the week.
* Attendance is strictly limited and are filled on a first-come, first-served basis.
PREMIER SPONSORED LINKS
TRADE CENTER
 
The TradingMarkets Directory
RELATED SITES
Nothing but forex
Please call 1-213-955-5858 ext. 1

About TradingMarkets | Contact | Advertise | Careers | Link to Us | Site Map | Help | Terms & Conditions | Privacy Policy | Return Policy | Testimonials | Feedback

Disclaimer:

The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.

It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company's products (collectively, the "Information") are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented on Company's website are for educational purposes only. Such set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment.

HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING AND MAY NOT BE IMPACTED BY BROKERAGE AND OTHER SLIPPAGE FEES. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.

The Connors Group, Inc.
10 Exchange Place, Suite 1800
Jersey City, NJ 07302

© Copyright 2009 The Connors Group, Inc.


All analyst commentary provided on TradingMarkets.com is provided for educational purposes only. The analysts and employees or affiliates of TradingMarkets.com may hold positions in the stocks or industries discussed here. This information is NOT a recommendation or solicitation to buy or sell any securities. Your use of this and all information contained on TradingMarkets.com is governed by the Terms and Conditions of Use. Please click the link to view those terms. Follow this link to read our Editorial Policy.

© 2009 The Connors Group, Inc.