Singapore-linked companies going big in China’s medical sector

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Mr Pua Seck Guan, executive chairman and CEO of Perennial Holdings, said its Tianjin job “opened up a lot of options” for the company.

” Quite a number of towns have truly approached us. But, since then, we have even given the first international wholly owned medical permission in Guangzhou, and we are now looking at doing it in various locations such as Shanghai”, he added.

The Singapore product has benefited both Perennial Holdings and Raffles Medical Group.

Dr Loo noted:” I think in China, ( the branding ) helps us. Chinese people … they expect us to be fair, had dignity … And of course, we have to show that we are trustworthy”.

Conflicts WITH WEST

China’s conflicts with the West have also meant a bigger playing area for Singapore-linked companies – also foreign-owned ones like Parkway, which is now owned by Indonesian health organization IHH.

Parkway Shanghai announced late last year that it will open a new flagship ambulatory care centre in downtown Shanghai this year. It opened its first medical centre in the city in 2006.

Dr Kenneth Tsang, regional CEO of IHH Healthcare North Asia, said Singapore’s reputation for high-quality medical care “means a lot for us”.

” Take for example, some of our competitors who were previously formally linked to very famous hospitals, let’s say, from the United States. The ability to continue to promote that US link is now becoming less important or less being promoted”, he added.

” And therefore, from our perspective, the ability to be linked to Singapore and promote the clinical service that we are exporting from Singapore into China is actually very, very important”.

While China’s medical sector has its unique challenges, it has created opportunities for foreign firms.

For instance, it was not the practice to visit a general practitioner clinic for minor ailments. &nbsp,

Dr Tsang said this is no longer the case.

” People are learning fast. They know ( going to the hospital ) is not always necessary, and therefore they are becoming more accustomed to the use of clinics”, he added.

As Chinese exports face a torrent of tariffs in the West, China has been actively promoting medical tourism to boost consumption within its borders – giving foreign medical firms, like those from Singapore, even more opportunities to thrive.

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Singapore Foreign Affairs Minister Vivian Balakrishnan to attend ASEAN Foreign Ministers’ Retreat in Langkawi

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European ministers and senior ASEAN member state leaders will be present at the surrender, according to a media release from Malaysia’s Ministry of Foreign Affairs on Saturday. Timor-Leste’s foreign secretary will also be an ASEAN watcher. &nbsp,

” Even attending is the ASEAN Secretary-General, and a representative from Myanmar”, added Wisma Putra. &nbsp, &nbsp,

It also said that the surrender did examine ASEAN’s proper direction and the bloc’s outside relations.

Also, the ministry said the ASEAN Foreign Ministers did exchange views on the most recent developments in regional and international issues, including the problems in Myanmar, political tensions, and other issues affecting regional stability. &nbsp,

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Johor-Singapore SEZ: ‘Build-as-they-invest’ model prudent but businesses raise concerns over infrastructure delays, red tape

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Teh Kee Sin, the consultant to the Small and Medium Enterprise Association of South Johor, shares these views. &nbsp,

The company president noted that the market-response approach is “more reasonable” as it manages risks cautiously, especially given the Indonesian government’s fixed resources. &nbsp,

” But on the other hand, would foreign investors come if they see that there is no assurance on basic infrastructures like Wi-Fi (or ) electricity.” Every entrepreneur would only go in if these are all fundamental (amenities ), Teh said, “because nobody is going to spend if there is no set infrastructure.” &nbsp,

He added that there have been cases in Johor where businesses have relocated to industrial facilities only to discover that the power they have is not sufficient for their businesses. &nbsp,

Organizations must use resources to throw their own wires. International businesses may not be able to accomplish this, and they will evaluate the situation differently ( in terms of whether to spend ), he said. &nbsp,

However, scholar Anthony Dass, who is the senior director of the Malaysian Institute of Economic Research, was more optimistic about the fresh design, pointing out how it adapts system to the specific needs of investors. &nbsp,

The project “avoids the hazards of oversupply seen in earlier projects like Iskandar Malaysia,” Dass said,” thereby reducing useless spending on underused assets, improving efficiency and reducing economic chance.” &nbsp,

But he, too, acknowledged that the unit could lead to delays especially if traders adopt a wait-and-see method. &nbsp,

” The SEZ’s progress may advance haphazardly, which could hinder its general impact”, added Dass. &nbsp,

SPLIT FUNDING ‘ FAIR’, LEVERAGES ON Analytical Rewards: ANALYSTS&nbsp,

Rafizi even made a point about how the money for the SEZ will be split, with Singapore granting funding for business expansion and investment facilitation while Malaysia will provide for the financial zone’s infrastructure. &nbsp,

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Johor-Singapore SEZ a ‘big plus’ for firms to tap both sides’ different strengths: PM Wong

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Frequent CONFERENCES ON BILATERAL ISSUES

As leaders from both sides thrashed out a deal, which Mr. Anwar had described previously on Tuesday as a distinct and uncommon action between two nations working as a team, the JS-SEZ deal has been in development for a year.

Moving forward, Mr. Anwar stated that he and Mr. Wong have agreed to meet quarterly to evaluate progress being made in resolving diplomatic disputes that have remained unresolved. These include places like waters supply, airport management and maritime boundaries.

Mr Wong said in the wrap-up interview on Tuesday that the two sides have made” some development” on these complex issues but have “understandably” never travel to a decision, citing distinctions of opinions.

” So, both Prime Minister Anwar and I are fully committed to continuing the engagement and discussions, and hopefully with the nudging from the prime ministers, with the constant engagements we have, and continued dialogue, we can see some progress by the next leaders ‘ retreat across all three bilateral issues,” he said.

Mr. Wong noted that the leaders are also putting together schedule for the weekly meetings, with plenty of time left until the officials ‘ retreat in Singapore after this year.

” We are discussing a few websites where we might do thus, including perhaps at Johor-Singapore SEZ”, he said.

There will also be some of these that we will consider appropriate goals to gather around and to meet, and when we do therefore, we can use these occasions to review the conversations on the pending international issues and ensure that we keep making progress on that.

Mr. Wong claimed to have met Mr. Anwar on several occasions, including at the Association of Southeast Asian Nations ( ASEAN ) and multilateral forums, and that they have both developed a” good friendship” based on mutual respect and understanding.

He said,” That sets the tone for the entire relationship- the relationship between the ministers and officials- and also for us to work up on bilateral problems.”

” I may say that we are on a really strong basis, starting with the management level. And many of the officials have been interacting with one another on many occasions, including next day and now at the leaders ‘ retreat.

Mr. Wong added that he had also suggested that both sides re-establish the history of holding” legal services game.”

” But, it’s not always about work, it’s not always about leaders coming together to discuss business or deal and to participate on hard issues”, he said.

” But freely as well, there is an option for us to get up, unwind, and get to know one another, and maybe more of these markets can continue to take place across the board.”

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Watch live: Malaysia-Singapore Leaders’ Retreat joint news conference by PMs Lawrence Wong, Anwar Ibrahim

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PUTRAJAYA: Malaysian Prime Minister Anwar Ibrahim and Singapore Prime Minister Lawrence Wong are holding a joint press conference&nbsp, in Putrajaya on Tuesday ( Jan 7 ) as part of the&nbsp, 11th Malaysia-Singapore Leaders ‘ Retreat. Following a formal meeting for Mr. Wong’s acceptance earlier in the morning as well asContinue Reading

Singaporean buyers in legal dispute with Malaysian developer over ownership of Johor condo purchases

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Price OF Components AFFECTED

The PLS is legitimate, according to Malaysian attorneys, according to CNA.

However, a buyer’s signature on a standard sales and purchase agreement ( SPA ) can occasionally cause confusion.

” The Sauna means you deserve the rights and you deserve the caste name, separate from the master name”, said Malaysian attorney Chee Hui Bing of Chris &amp, Partners Advocates &amp, Solicitors, Johor.

” But in PLS, all you get is just a long so-called lease. You get a 99-year rent time”.

These customers do not possess the same rights privileges as they might for a property in Singapore.

According to a Taiwanese attorney, the property’s worth may also change.

The integral property practice group at Yuen Law, led by Mr. Tris Xavier, claimed that those considering selling the product would then be” selling the right to remain in it” rather than the actual property.

” The estimate for that, you can imagine, is quite different. It should really about be equivalent to rental”, he added.

At least 70 apartments consumers complained to Singapore’s Council of Estate Agencies in June, according to a CNA investigation.

However, the developer claimed that buyers should have been informed and that the PLS is genuine and valid based on court documents that were uncovered. Additionally, they added that customers have also passed the legal deadline to file any claims.

Buyers advised by conveyancing attorneys and real estate agents to read the fine print when purchasing a home abroad and to seek legal counsel regarding the various terms and conditions.

According to Mr. Xavier of Yuen Law,” It’s important to understand the environment of the state in which you are really investing.”

” There are many issues that probably aren’t completely obvious to the layperson, and I think it’s important to really get a professional who really works in that state to help you through the process,” he continued.

” Oftentimes, it’s no quick just to Google things up. Therefore, having a legal professional assist you in understanding what you’re purchasing is always beneficial.

More savvy buyers will typically look for local agencies first, according to Mr. Ruben Koh, senior director and head of Savills Singapore’s foreign home sales division, because buying overseas properties comes with a risk.

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Johor-Singapore SEZ deal signing postponed after PM Wong tests positive for COVID-19: Malaysia PM Anwar

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According to Prime Minister Anwar Ibrahim, the signing of a deal between Malaysia and Singapore regarding a proposed Special Economic Zone ( SEZ ) in southern Johor state was originally scheduled for Dec 9 during the leaders ‘ retreat.

He claimed that the decision was made after Lawrence Wong, the prime minister, tested positive for COVID-19.

Mr. Anwar stated in a speech to the Malaysian senators on Wednesday that:” The Malaysia government ( was scheduled to ) sign an agreement with Singapore on the Johor-Singapore SEZ on December 9.” &nbsp,

However, the prime minister of Singapore informed me next evening that he had COVID and that the signing of the agreement would be delayed until January.

” This is the latest info I have, he told me that he did not want to infect me or ( my wife ) Azizah”, he added. &nbsp,

The Singapore-Malaysia Leaders ‘ Retreat was scheduled to be held from Dec 8 to Dec 9 in Malaysia’s operational money, Putrajaya, according to local advertising.

Mr. Wong claimed in a Facebook post on Tuesday ( Dec. 3 ) that he had his first COVID-19 test positive and that he would self-isolate while working from home. &nbsp,

” First, I believed it might just be a typical flu bug. But I only took a check to be certain. Turns out, I’ve suddenly succumbed to COVID after all these ages”! he wrote.

” I’m feeling good overall, and did self-isolate while working from home”.

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CNA wins international award for scoops on Malaysia’s anti-corruption efforts

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The anti-graft agency’s recent arrest of former finance minister Daim Zainuddin’s premier Ilham Tower was one of the posts he won the award for. One of the largest buildings in the money is the multi-million dollars business building in Kuala Lumpur City.

Mr. Lopez spoke with former politician’s close contacts in funding, who had a sizable amount of authority during Dr. Mahathir Mohamad’s two terms as top. Following Mr. Daim’s refusal to submit petitions from the Malaysian Anti-Corruption Commission ( MACC ) to reveal his and his family’s financial holdings, they informed Mr. Lopez that the seizure occurred on December 21.

The splitting news article, published that evening, made CNA the first to take the information to visitors. &nbsp,

Another post covered how a royal pardon helped to reduce Najib Razak’s 12-year prison sentence. &nbsp,

Najib started serving his prison sentence in August 2022 after being found guilty in 2020 of corruption-related 1MDB fees. &nbsp,

Mr. Lopez spoke with established sources, including top state figures, to make sure CNA was once more on the record with the account. &nbsp,

These two exclusives were included in Mr. Lopez’s estimated ten research pieces and features on Malaysia’s anti-corruption efforts and their effects on its social environment, business field, and investment environment.

Mr Lopez is based in Kuala Lumpur. Since the mid-1980s, he has covered a lot of political and economic issues in the area.

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PM Wong congratulates Indonesia President Prabowo on his inauguration and strong mandate

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SINGAPORE: Singapore Prime Minister Lawrence Wong on Sunday ( Oct 20 ) congratulated&nbsp, Indonesian President Prabowo Subianto&nbsp, on his inauguration and strong mandate.

In a welcome letter to Mr. Prabowo, Mr. Wong wrote,” The strong mission you received from the Indonesian people reflects their faith in your authority and vision of a peaceful and prosperous nation.”

According to a speech from Singapore’s Ministry of Foreign Affairs on Sunday, Mr. Wong called on the leader on Sunday night and in the evening before attending a state dinner welcome in the evening.

” As a friend and ally, Singapore is ready to companion Indonesia, both symmetrically and regionally”, read the statement.

Mr. Wong added that, in his welcome notice,” A comfortable and flourishing Indonesia creates a cohesion and vitality ASEAN and opens up many possibilities for closer cooperation between our nations.”

He continued,” I’m looking forward to expanding our engagement with Singapore and Indonesia.”

” We are starting from a solid base”, he said, noting that both places enjoy a close financial partnership, with considerable trade, investment and holiday travels.

” With your help, the military partnership has deepened with the entry-into-force of the Defence Cooperation Agreement, which may develop greater collaboration and capacity-building between our army”, Mr Wong added.

According to Mr. Wong, there is a strong chance for Singapore and Indonesia to collaborate in many other fields and work together to achieve success for both parties.

” In recent years we started on green power and ecology, food security, human capital development and care, and I hope that we can get our assistance to the next level”, Mr Wong added. &nbsp,

” Strengther international cooperation and coordination will be required for the obstacles and opportunities of the future. &nbsp,

” Singapore and Indonesia also have a shared involvement in safeguarding local peace and prosperity, and promoting a rules-based purchase,” said Mr Wong.

In an extremely fragmented earth, Mr. Wong stated that Indonesia may continue to play a significant role as a leader and trusted partner for constructive dialogue and mutually beneficial cooperation.

Mr. Wong said,” I wish you good health and every achievement as you assume the highest office in the area, and I look forward to beginning work on our shared plan up.” &nbsp,

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