Not ‘typical foreigners’, says Raffles chairman as Singapore hospital operator bets big on China market

Patience is key to international companies cracking China’s health care market, the world’s second-largest, Dr. Loo Choon Yong, chairman of Singapore-based Raffles Medical Group, said on Saturday.

“Hospitals are complicated institutions. To run them well and deliver proper care is never easy. It is not only investment in physical structures, but you need a management system and doctors who can look after patients like their own brothers and sisters.Raffles is among the very first foreign businesses to independently open a hospital in mainland China, which holds huge potential because of a rapidly ageing population and growing middle class.

The Shanghai district aiming to rival the financial hubs in New York and LondonRaffles Hospital Chongqing got off the ground because the government in Chongqing strongly welcomed it as it wanted to foster better services for foreign businesses. The hospital was helped by a Chongqing-Singapore government cooperation framework.

“We are here to serve Chinese patients, and expatriates are just ‘by the way’. How many expatriates in China? Two million? How many top 20 per cent people in China? About 280 million. That’s six times more than Singaporeans,” he said.

الإمارات العربية المتحدة أحدث الأخبار, الإمارات العربية المتحدة عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Wet market operator apologises for flyers carrying Hindi instead of Tamil translationSINGAPORE - A wet market operator whose flyers drew flak for having a Hindi translation instead of a Tamil one has expressed remorse over his mistake and intends to print apology letters, which will be displayed publicly.. Read more at straitstimes.com.
مصدر: The Straits Times - 🏆 8. / 63 اقرأ أكثر »

As worries about populism in Europe rise, investors bet on stock market volatilityInvestors are betting on heightened political uncertainty and greater volatility in European stock markets ahead of European Parliament elections ...
مصدر: ChannelNewsAsia - 🏆 6. / 66 اقرأ أكثر »

Vietnam’s FastGo revs into Singapore’s ride-hailing marketSINGAPORE — The ride-hailing market here is about to heat up again, with Vietnamese firm FastGo to launch in Singapore next month as part of its expansion plan in South-east Asia.
مصدر: TODAYonline - 🏆 1. / 99 اقرأ أكثر »