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Founder of S. Korea’s Lotte business dynasty dies at 97
SEOUL: Shin Kyuk-ho (pic), a wartime migrant to Japan who returned home to build a little-known chewing-gum maker into Lotte Group, South Korea’s biggest retailer, has died. He was 97.
Affinity Equity mulls selling Island Hospital
KUALA LUMPUR: Affinity Equity Partners Ltd is considering selling Island Hospital Bhd, a medical hospital in Malaysia, according to sources.
Sunway TCM targets RM200,000 monthly revenue
SUBANG JAYA: Sunway Traditional and Complimentary Medicine Centre (Sunway TCM), a unit of Sunway Group Healthcare Services, is expected to generate about RM200,000 a month in revenue this year on the back of growing demand for its services.
More than a third of US healthcare costs go to bureaucracy
U.S. insurers and providers spent more than $800 billion in 2017 on administration, or nearly $2,500 per person - more than four times the per-capita administrative costs in Canada's single-payer system, a new study finds.
Kenanga Research underweight on healthcare, building materials
KUALA LUMPUR: Kenanga Investment Bank Research keeps its underweight call on healthcare, building materials and neutral on ports & logistics, aviation, Malaysian REITS, plastics and packaging and media.
Banking on proper waste management
WITH plans to develop an integrated waste management processing plant underway, Borneo Waste Industries Sdn Bhd (BWI) has turned to equity crowdfunding (ECF) for interim funding as it waits for negotiations with private equity investors to wrap up.
Healthcare sector continues to be favoured
The healthcare sector continues to be a favoured one by analysts and investors alike, driven by a push for medical tourism, increasing affluence and broader insurance coverage, as well as a growing and ageing population.
Health insurance needs to be disrupted
A man in his mid 50s who has never made a claim on his health insurance gets a letter from his insurance company stating that his premium has been increased by 23% for the year starting 2020.The rise baffles the customer. The reasons given are even more perplexing.
More drugmakers hike prices as new year begins
NEW YORK: Drugmakers including Bristol-Myers Squibb Co, Gilead Sciences Inc, and Biogen Inc hiked U.S. list prices on more than 50 drugs on Wednesday, bringing total New Year's Day drug price increases to more than 250, according to data analyzed by healthcare research firm 3 Axis Advisors.
Trading ideas: Cypark Resources, Nexgram Holdings, Carimin Petroleum
KUALA LUMPUR: Stocks that may be receiving investor attention on Tuesday include Cypark Resources, Nexgram Holdings, Carimin Petroleum, George Kent (M), Hiap Huat Holdings, Parkson Holdings and Perdana Petroleum, says JF Apex research.