Media OutReach
VinFuture Prize empowered the woman scientist Dr. Firdausi Qadri to give back to Bangladesh
Sharing with the VinFuture Foundation, Dr. Qadri reflects on her groundbreaking work and her passion for expanding STEM education for women. In the face of societal barriers, particularly in Bangladesh, she remains committed to empowering women in science and using her VinFuture Prize value to strengthen the country’s scientific community.
The ongoing battle against cholera
Having established herself as one of the scientific titans in the vaccine area, Dr. Qadri has developed a single oral dose of an affordable cholera vaccine to address the public health needs in Bangladesh. Her research opens the possibility of large-scale vaccination campaigns in poor countries to prevent outbreaks and reduce the healthcare cost burden, allowing them to invest in education and economic activities. This revolutionizing discovery has earned her global recognition, including the 2024 VinFuture Special Prize for Innovators from Developing Countries.
“The VinFuture Prize was completely unexpected, but it has given me immense energy and a profound sense of purpose to turn scientific solutions into real-world applications that benefit those in adverse settings, including humanitarian crises globally,” Dr. Qadri said.
Beyond its personal significance, the VinFuture Prize also empowered Dr. Qadri to give back to her home country. In 2014, Dr. Qadri formed a non-profit research institution called the ideSHi (Institute for Developing Science and Health Initiatives) located on the 11th floor of Blue Moon Gram Tower in ECB Chattar, Dhaka. She shared an astounding initiative to expand this institute using the 500,000 USD prize value from VinFuture, “Together with the VinFuture Prize money and a quarter of my personal funds, I took a bold step forward, acquiring an additional 5,000 square feet of space within the same building as ideSHi’s original facility,” she elaborated.
This facility is a bold initiative dedicated to improving public health and nurturing the next generation of scientists. Since then, this institute provides state-of-the-art facilities, offers training programs, collaborates with international partners, conducts research on genetic diseases including thalassemia – the most common blood disorder in Bangladesh – as well as infectious diseases.
“Over the past decade, ideSHi has expanded tremendously, and this new extension will allow us to tackle even more critical health challenges while further strengthening scientific capacity in Bangladesh,” she shared. “With prize money received from VinFuture, I am confident that this support will help ideSHi develop pragmatic solutions to public health challenges and ultimately help advance Bangladesh’s position in biomedical research.”
The achievement results in her determination after witnessing firsthand the dire impact of cholera and diarrheal diseases. Her journey began as a scientist with a deep passion for immunology, later on extended her work beyond the laboratory to the field, fully devoted to the cause of uplifting the lives of Bangladesh and beyond.
However, through her extensive work in diarrheal diseases at their main hospital in Bangladesh, Dr. Qadri estimates an annual intake of approximately 200,000 patients, with 90-95% comes from impoverished backgrounds. Living in overcrowded conditions with shared toilets, kitchens, and bathrooms, they face rapid disease transmission. “If one person contracts cholera, the infection can spread to three other people in the family and beyond due to contaminated hands and food,” Dr. Qadri explained. “It’s very difficult to control.”
Recognizing the persistent devastation of global health crises, Dr. Qadri extended her research beyond the laboratory. She conducted field studies on vaccine effectiveness, distribution strategies, and public health interventions. Her efforts extended beyond academia as she worked more with the government, advocating for necessary actions to improve healthcare access.
“Over 15 to 20 years, my work has evolved to encompass not just vaccine development, but also implementation strategies – exploring the effectiveness of different modes in delivering vaccines and understanding how to integrate water, sanitation, and hygiene (WASH) with vaccination programs to achieve cholera control,” she noted.
Dr. Qadri emphasized that cholera remains a disease of poverty, often overlooked due to its association with inadequate sanitation and clean water access. She also pointed out that some governments were reluctant to acknowledge the disease’s prevalence, fearing for their global image. Therefore, she expressed deep gratitude and immense joy at being recognized by such a prestigious global award as the VinFuture Prize. “This recognition is a tremendous honor and serves as a motivation for me to move ahead,” she shared.
Breaking glass ceilings
Dr. Qadri’s dedication to rigorous scientific research and her success in the cholera vaccine area serves as an inspiration for young women all over the world. However, for women in science, particularly in developing countries across Asia, the road is often fraught with challenges. Deep-seated prejudices and invisible glass ceilings make it difficult for women to gain recognition in male-dominated fields.
“I always want to be known as a scientist, not a “woman scientist,” who works alongside men as equals“, Dr. Qadri shared. “But I cannot deny that acceptance has not always come easily.”
The unwavering support of her family played a crucial role, encouraging her to push boundaries and proving that a woman is just as capable as a man. “I traveled to remote areas, worked long hours in the field, and committed myself fully to scientific research. I have managed to overcome many prejudices, though challenges remain,” she noted.
It is also a driving force that motivates her to passionately advocate for empowering women in STEM education. According to her, science, technology, engineering, and mathematics are the foundation of progress, driving innovation and shaping the future. Yet, women remain underrepresented in STEM fields, not only in developing countries but even in advanced economies.
“If we truly want to make a meaningful contribution to the world, women must be part of this transformation,” Dr. Qadri emphasized.
Many hesitate to pursue careers in STEM, not due to a lack of ability but because of societal expectations and deeply ingrained biases. Fields including engineering and mathematics, in particular, remain male-dominated, with cultural norms dictating which professions are deemed “suitable” for women.
Another critical factor is the cost and commitment required. STEM education is more demanding, expensive, and time-intensive compared to fields including finance or commerce. Success in STEM requires years of dedication and persistence, making it an uphill battle, especially for women who must balance professional ambitions with societal expectations of family life.
“I try to use my journey to show young women that it is possible to have a family, raise children, and do science.” She remarked, “You just need to know the mechanism to do it. There is no secret formula: just focus, perseverance, and unwavering commitment to the work you choose to do.”
Addressing health disparities
Driven by the goal to seek effective preventive public health solutions for Bangladesh and other developing countries, Dr. Qadri focuses on large-scale clinical studies using Vietnamese live vaccine train, which allowed her to conclude the benefit, power and feasibility of an oral dose of an affordable vaccine.
“Vietnam, which has been able to control cholera better through concerted public health efforts, has always been an example I reflected on.” She stated, “If Vietnam can better control cholera through a comprehensive public health approach, why can’t we?”
Besides vaccination, the scientific titan emphasized the need for a holistic approach, including improvements in WASH education, and surveillance. However, behavioral change and access to clean water remain significant hurdles. Thus, according to Dr. Qadri, to provide crucial protection in the short term, there are two key strategies: reactive vaccination during an outbreak and preventive vaccination to build immunity.
However, a major obstacle the world faces is the global shortage of cholera vaccines. “Despite cholera affecting millions across Asia, Africa, and Latin America, only 80 million vaccine doses are currently available annually. This is far below what is needed – Bangladesh alone requires 100 million doses in the coming years,” she noted.
The economic constraints surrounding cholera vaccines also present a challenge. Since cholera is often considered a “disease of poverty,” many pharmaceutical companies hesitate to invest in its production due to low profit margins. “This is already happening,” she stressed.
To address this, Dr. Qadri actively advocates for increased vaccine production in Bangladesh. She shared that one of her team’s key achievements has been demonstrating that in a major outbreak, giving the vaccine in a reactive way can quickly reduce the number of cases. “We have implemented this strategy in multiple regions of Bangladesh,” Dr. Qadri added.
“More importantly, as a result of our dedication, we now have a national cholera control plan, centered on preventive vaccination, ensuring that people receive doses regularly – whether annually or every three years – to stay protected before outbreaks occur. This is a significant milestone in our fight against the disease.” she said.
Hashtag: #VinFuture
https://vinfutureprize.org/vinfuture-prize-nomination/
The issuer is solely responsible for the content of this announcement.
VinFuture
The VinFuture Foundation, established on International Human Solidarity Day on December 20th, 2020, is a non-profit organization co-founded by billionaire Mr. Pham Nhat Vuong and his wife, Mrs. Pham Thu Huong. The Foundation’s core activity is awarding the annual VinFuture Prize, which recognizes transformative scientific and technological innovations capable of making significant positive changes in the lives of millions of people worldwide.
The nomination period for the 2025 VinFuture Prize will close at 2:00 PM on April 17, 2025 (Vietnam time, GMT+7).
The VinFuture Prize consists of four prestigious awards presented each year. The most esteemed is the VinFuture Grand Prize, valued at US$3 million, making it one of the largest annual prizes globally. Additionally, there are three Special Prizes, each valued at US$500,000, specifically dedicated to honoring women innovators, innovators from developing countries, and innovators with outstanding achievements in emerging fields.
The U.S. dollar (USD), the buck or the greenback, as it is often informally referred to, has long occupied a rather exclusive position in global finance. Ever since the end of World War II and the establishment of the Bretton Woods monetary system, the greenback has played a crucial role in facilitating cross-border transactions and smoothing international trade flows, in addition to serving as a primary reserve currency for central banks around the world. Being the official currency of the world’s largest economy, the United States, has certainly helped the dollar maintain its dominant position. Indeed, the sheer size of the U.S. economy, its deep and liquid financial markets, strong private property rights and the rule of law enshrined in the U.S. Constitution, and last but not least, the unrivalled power of the U.S. military, made the dollar the most trusted global currency. As a result, the greenback became what market participants call ‘a safe-haven currency’, a refuge for investors during times of macroeconomic uncertainty or market turmoil. Most recently, however, the instability in global financial markets triggered by rising trade tariffs and exacerbated by fears of a global recession seems to have upended this narrative, undermining the dollar’s established role.
Trade tensions
The U.S. dollar has been depreciating almost relentlessly since mid-January. In just three and a half months, the Dollar Index (DXY), which measures the value of the greenback relative to a basket of six major foreign currencies, including the euro, Japanese yen, British pound, Canadian dollar, Swedish krona, and Swiss franc, lost more than 10% in value (from 13 January high to 21 April low). On 11 April, it breached the critical 100.00 level, and although it has since increased slightly, it remains by far the worst-performing currency among other major currencies this year so far. This decline has raised an important question: Is the U.S. dollar losing its safe-haven status, or is it merely a temporary setback.
The catalyst for the dollar’s slide is rooted in the escalating trade tensions, particularly the aggressive tariff policies enacted by U.S. President Donald Trump. In recent weeks, the U.S. imposed a 10% baseline tariff on all imports, with much steeper duties imposed on key trading partners like China, which, in turn, retaliated with its own 125% levies on U.S. goods. These moves have stoked fears of a global recession, as international supply chains may get disrupted with potentially devastating consequences for the world economy. Historically, such uncertainty would bolster the dollar, as investors seek the safety of U.S. assets. However, this time around, the greenback is faltering, while alternative safe-haven currencies like the Swiss franc (CHF) and Japanese yen (JPY) are gaining ground.
Hedging
Kar Yong Ang, a financial market analyst at Octa Broker, says that the U.S. dollar’s recent weakness is driven by a diversification shift among investors into alternative safe-haven currencies, motivated by risk-hedging and fears over the growth prospects of the U.S. economy. ‘We are witnessing a major reallocation of capital. Market participants realise that in a trade war, there are no winners. In the short term, the U.S. economy will face the consequences, and they will not be pretty. Big players with large investments in the U.S. realised they needed to hedge their currency risk, so they moved into the Swiss franc and the Japanese yen. Also, higher tariffs are fuelling recession fears, so traders have increased their bets on additional rate cuts by the Fed [Federal Reserve]. That too had a bearish effect on the greenback’.
Indeed, on April 21, USDCHF dropped below the 0.80500 mark, the level unseen in almost 14 years, while USDJPY was hovering near the critical 140.00 area, a drop below which will open the way towards new multi-year lows. Significant shifts in capital flow allocations have prompted some analysts to conclude that the U.S. dollar is facing a crisis of confidence. However, Octa analysts have a different view and believe that the current situation doesn’t reflect a broad erosion of investors’ long-term trust in the U.S. dollar. Kar Yong Ang said: ‘The issue isn’t so much a fundamental loss of faith in the U.S. dollar’s long-term prospects. What we are witnessing right now is a dramatic, yet logical response to the probable economic implications of Donald Trump’s trade policies. You have an administration, which is effectively re-structuring the global trade order, that does not conceal its dissatisfaction with the Fed and apparently believes in a weak dollar. If you’re a foreign investor in the U.S., you simply cannot afford to be unhedged these days. But also, let’s not forget that the greenback has been falling from relatively high levels, so a healthy downward correction was long overdue’. In other words, the recent slide in the U.S. dollar is not an unusual phenomenon or an anomaly; it is quite natural and probably a short-term occurrence. In fact, even after an 11% drop in 2025, the greenback is still some 38% above its historical low set in 2008. Furthermore, it is clear that once key global actors adopt more conciliatory diplomatic rhetoric and engage in active trade negotiations, the situation will normalise immediately.
Conclusion
As for the dollar’s long-term prospects, its dominant status will likely continue to be challenged, but no single currency can take its crown for now. According to the Bank of International Settlements (BIS), the U.S. dollar still accounts for nearly 88% of international transactions, and its dominance in Forex markets remains unmatched, with daily trading volumes dwarfing those of the yen or franc. According to the International Monetary Fund (IMF), more than half (57.8%) of the $12.4 trillion in global foreign exchange reserves were in U.S. dollars. Therefore, while the greenback may not be the automatic refuge it once was, its role as a Forex cornerstone endures for now.
___
Disclaimer: This content is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to engage in any investment activity. It does not take into account your investment objectives, financial situation, or individual needs. Any action you take based on this content is at your sole discretion and risk. Octa and its affiliates accept no liability for any losses or consequences resulting from reliance on this material.
Trading involves risks and may not be suitable for all investors. Use your expertise wisely and evaluate all associated risks before making an investment decision. Past performance is not a reliable indicator of future results.
Availability of products and services may vary by jurisdiction. Please ensure compliance with your local laws before accessing them.
Hashtag: #octa
The issuer is solely responsible for the content of this announcement.
Octa
Octa is an international CFD broker that has been providing online trading services worldwide since 2011. It offers commission-free access to financial markets and various services used by clients from 180 countries who have opened more than 52 million trading accounts. To help its clients reach their investment goals, Octa offers free educational webinars, articles, and analytical tools.
The company is involved in a comprehensive network of charitable and humanitarian initiatives, including the improvement of educational infrastructure and short-notice relief projects supporting local communities.
In Southeast Asia, Octa received the ‘Best Trading Platform Malaysia 2024’ and the ‘Most Reliable Broker Asia 2023’ awards from Brands and Business Magazine and International Global Forex Awards, respectively
Media OutReach
Arrow Electronics Empowers Xeleqt with AIoT Technologies Adoption to Boost Workforce Productivity and Worksite Operations in the Philippines
Powered by advanced electronic components and AI algorithms, Xeleqt’s AIoT devices and systems can help streamline workflows, digitize repetitive tasks, minimize human errors, and empower employees with real-time analytics for optimizing workforce management.
Companies are increasingly combining the power of AI and the Internet of Things (IoT) to create smarter, more powerful systems that enhance operational efficiency, enable data-driven decision-making, and provide optimal service experiences. The AIoT market in Asia-Pacific is projected to reach a revenue of US$261 million1 by 2030, with a compound annual growth rate of 36%.
Founded in 2021 and based in Cebu City, Philippines, Xeleqt is an award-winning startup specialized in providing AIoT-enabled application services tailored to their specific business needs of SMEs. The growing complexity and high implementation costs of AIoT systems present significant barriers for many SMEs in adopting these digital tools and solutions.
“We are dedicated to harnessing the power of AI and IoT technologies to revolutionize the collaboration between people and machines in the physical world. AIoT-powered devices not only provide humans with real-time intelligence and insights but also enhance workforce agility, engagement, and safety. By offering an AIoT-as-a-service model, our customers can benefit from affordable, easy-to-deploy digital solutions that reduce risk, monetize idle capacity, protect essential workers, and improve service quality,” said Norman Curato, CEO and co-founder of Xeleqt. “As an emerging tech startup, we rely on global technology leaders for guidance and best practices. Arrow has provided us with the essential engineering expertise and tools to overcome technical challenges and accelerate our AIoT design-to-prototype-to-product innovation journey.”
Arrow supplies approximately 70% of the electronic components utilized by Xeleqt, ranging from AI chips, sensors, Bluetooth/WiFi connectivity modules to interconnect, passive and electromechanical components. The Arrow technical team has contributed engineering expertise and design tools to help Xeleqt address technical challenges, accelerating the transition from design to prototype to final product. Some of Xeleqt’s AIoT products are expected to launch recently include:
- WorkTraQ – a wearable device, equipped with Bluetooth location sensing, NFC module, advanced movement, and audio recognition AI to gather comprehensive data on worker activities and environmental conditions
- TimeTraQ is an always-on, fully connected, self-diagnosing time-and-attendance device that calculates the cost of shift hours in real-time and generates payroll. Embedded with facial or vein recognition camera, tampering and jamming detection features, it allows seamless identification and anomaly detection, enhancing security while minimizing administrative overhead.
- OmniTraQ is a telematics device equipped with a low-power, long-range connectivity module. It enables reliable data transmission across vast remote or rugged environments without the need for extensive network infrastructure.
Dr. Raphael Salmi, president of Arrow Electronics’ South Asia, Korea, and Japan components business, said, “The adoption and integration of AIoT technologies propel industries towards a more interconnected and intelligent future. The contemporary AIoT ecosystem requires extensive technology competencies, from product ideation and design to engineering, supply chain management, and manufacturing. With our extensive network of technology suppliers and world-class technological capabilities, we are well positioned to provide optimal support to Xeleqt and many other tech startups as they endeavor to simplify and scale up AIoT offerings.”
In addition, Arrow’s Silicon Expert intelligence tool and service help mitigate risks throughout a product’s entire lifecycle, from development and production to sustainment. Empowered by Arrow’s comprehensive technology portfolio and Silicon Expert’s tool, Xeleqt gains real-time operational insights, optimizes parts availability, reduces costs associated with the bill of materials, and minimizes risks.
1. https://www.grandviewresearch.com/horizon/outlook/artificial-intelligence-of-things-aiot-market/asia-pacific
Hashtag: #ArrowElectronics
The issuer is solely responsible for the content of this announcement.
About Xeleqt
Xeleqt, founded in 2021 and based in Cebu City, Philippines, specializes in AIoT products and solutions for human resources and asset management. Its main offerings include workforce engagement tools, payroll automation, and wage automation services, primarily serving field service industries and companies.
About Arrow Electronics
Arrow Electronics (NYSE:ARW) sources and engineers technology solutions for thousands of leading manufacturers and service providers. With global 2024 sales of $28 billion, Arrow’s portfolio enables technology across major industries and markets. Learn more at arrow.com.
Media OutReach
UNDP and Trigger Team Up to Supercharge SDG Startups and Businesses with Smarter Investment and Support
Based in Singapore, Trigger is a leading investment management firm committed to building impact-oriented financial ecosystems to tackle global challenges from climate action and poverty reduction to health and education.
Through this initiative, UNDP and Trigger will co-develop infrastructure and strategies to help promising SDG-focused ventures and businesses reach scale and sustainability.
Key areas of collaboration include:
- Designing and launching investment opportunities for SDG-aligned startups and businesses that will be guided by structured acceleration and incubation pathways;
- Creating a next-generation AI and Web3-powered digital platform to connect startups and businesses with investors and streamline collaboration;
- Building a comprehensive, interactive database of startups and businesses supported by UNDP accelerator programmes, enabling smart matchmaking between ventures, donors, and investors;
- Delivering tailored capacity-building programs, including training in SDG impact management, innovative financing, business development, and agile project design;
- Rolling out a Digital MBA programme and peer learning workshops to upskill business owners and enhance organizational readiness for investment.
“We’re seeing enormous potential in SDG-aligned startups, but they often struggle to attract the right kind of investment or support,” said Robert Pasicko, Team Leader for AltFinLab at UNDP Europe and Central Asia. “This partnership with Trigger is about bridging that gap—making it easier for impact investors to find and fund ventures solving real-world problems, while giving those ventures the tools and networks they need to thrive.”
“This partnership is a critical step toward redefining how impact capital is mobilized and applied,” said Goh Seh Harn, Founder and CEO of Trigger Asset Management. “We are building an ecosystem where capital not only scales businesses but also fuels systemic change for people and the planet.”
By combining UNDP’s global development reach with Trigger’s leadership in sustainable investment, the partnership is poised to support a new generation of investment-ready startups and businesses capable of delivering economically sustainable, and measurable social and environmental impact at scale. More information at www.triggervc.com
Hashtag: #TRIGGER #UNDP #impactinvesting #sustainableinvestment #sustainabledevelopment
https://www.triggervc.com/
www.triggervc.com.
UNDP
UNDP is the leading United Nations organization working to end the injustice of poverty, inequality, and climate change. With a presence in 170 countries and territories, UNDP helps nations build integrated, lasting solutions for people and planet. Learn more at undp.org or follow @UNDP.
UNDP AltFinLab
AltFinLab is UNDP’s flagship innovation lab for alternative finance, pioneering solutions in blockchain, crowdfunding, and impact investing. It works with governments, startups, and private sector partners to mobilize resources for sustainable development.
-
Feature/OPED5 years agoDavos was Different this year
-
Travel/Tourism9 years ago
Lagos Seals Western Lodge Hotel In Ikorodu
-
Showbiz2 years agoEstranged Lover Releases Videos of Empress Njamah Bathing
-
Banking7 years agoSort Codes of GTBank Branches in Nigeria
-
Economy2 years agoSubsidy Removal: CNG at N130 Per Litre Cheaper Than Petrol—IPMAN
-
Banking2 years agoFirst Bank Announces Planned Downtime
-
Sports2 years agoHighest Paid Nigerian Footballer – How Much Do Nigerian Footballers Earn
-
Technology4 years agoHow To Link Your MTN, Airtel, Glo, 9mobile Lines to NIN