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Singapore urges Indonesia to divulge names of errant companies

8 reads

Who may be involved in illegal burning. According to a joint press statement, Minister for Foreign Affairs and Minister for Law K Shanmugam telephoned Indonesian Minister for Foreign Affairs Dr Marty Natalegawa to express Singapore's concern about the worsening haze situation. Read ››

Singapore smog worst in 16 years amidst forest fires in Asia

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Index hits 109 today. Bloomberg reported that Singapore’s air conditions remain at a level categorized as “unhealthy” as the worst smog in 16 years caused by forest fires in the Indonesian island of Sumatra enshrouded parts of the island city and Malaysia. Read ››

IHH Healthcare's Acibadem unfazed by Turkish protests

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"No immediate cause for concern yet," says bosses. According to CIMB, its conversation with IHH’s management and channel checks revealed no immediate cause for concern yet. Read ››

Employers urged to lessen strenuous work outdoors

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As PSI hit 'unhealthy' levels. According to MoM, under the Workplace Safety & Health Act (WSH Act), employers have a duty to protect their employees’ safety and health at work. Read ››

RMG sale of 30 Bideford Road likely to fund expansion

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Rather than special dividends, says OCBC. Raffles Medical Group is looking to sell its commercial podium near Orchard Road, and OCBC Investment Research believes the proceeds from this sale will likely be used for its expansion plans in favor of a special shareholders dividend. Read ››

What club sandwich prices say about Singapore

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It's the 17th highest in the world. According to the latest Hotels.com Club Sandwich Index (CSI), among the Asian cities surveyed, Hong Kong has higher hotel club sandwich prices than Seoul (HKD144), Singapore (HKD120), Beijing (HKD98) and Taipei (HKD88). Read ››

Dengue cases in Singapore rocketed to 9,544

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Second death has been recorded. According to the National Environment Agency (NEA), dengue cases in Singapore hit 9,544 cases to date. Read ››

This is the biggest threat to Singapore's healthcare sector in 2013

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Will companies survive the blow? According to OCBC, they see rising cost pressures as the main risk for the healthcare sector, as some of the healthcare companies recorded higher operating expenses as a percentage of revenue for 1QCY13.  This was due largely to an increase in staff and rental costs. Read ››

Why Singapore healthcare firms are on an expansionary high

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Dental medicine is thriving really well. According to OCBC, healthcare companies have also largely embarked on expansionary plans to capitalise on the still-robust industry fundamentals.  For example, Q & M Dental is seeking to widen its network of dental clinics in Singapore, with a target to achieve 60 dental outlets in Singapore by 2015, subject to economic conditions. Read ››

Singapore healthcare companies face rising cost pressures

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But long-term potential in tip-top shape. According to OCBC Investment Research, cost pressures pose as the key risk for the Singapore healthcare sector as seen in their recently climbing operating expenses, mainly from staff and rental costs. Read ››

IHC lodges preliminary offer document on SGX Catalist

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Listing will benefit HMC shareholders. In a release, Healthway Medical Corporation Limited (HMC) announced that it has crossed a new milestone in its investment in International Healthway Corporation Limited (IHC) with the lodgement of IHC’s preliminary offer document on the Catalist of the Singapore Exchange Securities Trading Limited (SGX-ST) today. Read ››

Dengue cases in Singapore surged to 8,195

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First dengue fatality recorded. The Singapore government is intensifying its measures against dengue as cases hit 8,195 as of Friday, 31 May. Read ››

Biosensors International's profits up 10.5% to US$111.6m

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It also declared its first dividend in 8 years. According to OCBC Investment Research, Biosensors International Group (BIG) reported a mild 4QFY13 revenue increase of 0.7% YoY to US$88.8m, as strong product sales growth (+16.9%) was offset by a sharp 45.7% dip in licensing and royalties revenue. Read ››

Why Biosensors International needs new growth drivers

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Current product lines are merely "decent". The assessment came from Maybank Kim Eng which said that the new Biosensors product lines such as the BioMatrix NeoFlex "could sustain a decent growth rate" but believed the company required a stronger catalyst to increase its attractiveness to investors. Read ››

Olivier Lim Tse Ghow resigns as Raffles Medical Group director

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He stepped down to focus on his executive role at CapitaLand. Read ››

Daily Briefing: Singaporean filmmaker wins at Cannes; Taiwan tea pearls recalled

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And here's the best Korean fried chicken in Singapore. Read ››

IHH Healthcare's net profit jumped 17% to RM133.5m

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But cost pressures still linger. According to DBS, IHH Healthcare's 1Q core net profit (excl. Read ››

See the latest winners of Start-Up@Singapore entrepreneurship contest

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Start-ups solving societal problems bagged wins. Start-Up@Singapore, Singapore’s biggest and longest running entrepreneurship competition, announced that Sorgen won the Biz Venture Category by focusing on the elderly and developing “intelligent” walking frames. Read ››

JWT Singapore and Givaudan create smell-a-memory kits for Alzheimer’s patients

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Also helps dementia patients. In a release, JWT Singapore and global fragrance house Givaudan announced the creation of its first-of-a-kind bespoke “Smell a Memory” kits, a unique innovation that harnesses the power of scent to evoke emotional memories among Alzheimer’s and dementia patients. Read ››

Cordlife umbilical cord tissue banking tech still in clinical trial

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Clarification issued regarding Singapore service. In a release, Cordlife Group Limited (Cordlife) clarified that the technology associated with the processing and banking of umbilical cord tissue in Singapore is currently in the research / clinical trial stage of development. Read ››

Religare Health Trust promotes Gurpreet Singh Dhillon as CEO

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He has been elevated from COO role while retaining his executive directorship role. Read ››

Why managing healthcare costs must be Singapore firms' top agenda

Ray Bond & Danny Yap
BY RAY BOND & DANNY YAP
362 reads

Employee benefits appear to be high on the agenda for international employers in Asian and Singapore in particular, looking to recruit the very best. Read ››

Cordlife to acquire Asian businesses for A$5.5 million

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Spans India, Philippines, HK and Indonesia. In a release, Cordlife Group Limited (Cordlife), a leading cord blood and tissue banking service provider, announced that it has entered into a conditional sale and purchase agreement (S&P Agreement) with Cordlife Limited (CBB), a company listed on the Australian Securities Exchange, to acquire CBB’s cord blood and cord tissue banking businesses and assets in India, the Philippines, Hong Kong and Indonesia for an aggregate consideration of A$5.5 million. Read ››

Here's how Biosensors will milk benefits from Spectrum Dynamics acquisition

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Post-acquisition balance sheet is at US$500m. According to CIMB, Biosensors Int'l has entered into an agreement to acquire all assets of Spectrum Dynamics, a leader in advanced functional assessment technologies, including those used to evaluate patients for cardiac interventions, subject to the fulfilment of certain conditions.  Read ››

Cordlife Group profit increased 47.6% in 3Q2013

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Despite revenue hit from China childbirth ban. For the quarter ended 31 March 2013 (3Q2013), Cordlife Group Limited (Cordlife) earnings in 3Q2013 recorded a year-on-year increase of 47.6% to S$1.2 million compared to S$6.9 million over the same period last year (3Q2012). Read ››

Singapore threatened by the 'worst dengue situation' since 2005

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Dengue cases already hit 5,928. According to a release by the National Environment Agency (NEA),  as of 4 May 2013, the total number of dengue cases is 5,928, which is already some 28% more than the total number of cases for the whole year of 2012, at 4,632. Read ››

Biosensors to acquire Spectrum Dynamics assets for S$51m

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With possible performance-based earn-out payments. In a bid to expand its product offerings, Biosensors International Group, Ltd. Read ››

Singaporeans expected to live to 82.3 years

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Females to live longer with 84.5 years. According to a release by the Department of Statistics, in 2012, a new-born Singapore resident could expect to live to 82.3 years, up from 81.9 years in 2011 and 80.6 years in 2007. Read ››

Health Management International appoints Chin Chen Siong as finance manager

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He held senior positions in PricewaterhouseCoopers from 2007 to 2013. Read ››

Building 21st century healthcare

NUS Business School
BY NUS BUSINESS SCHOOL
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Liak Teng Lit wants to shake up the meaning of healthcare. Read ››

Dengue cases in Singapore to surge to 23,000

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Is there a cause for alarm? According to a Bloomberg report, Singapore’s dengue cases are set to surge to a record this year, prompting the government to break into homes that could be breeding grounds for mosquitoes that transmit the disease. Read ››

IHH reaches operational breakeven for Mount Elizabeth Novena Hospital

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Big objective met, says analyst. According to CIMB, its recent walkabout in IHH’s Mount Elizabeth Novena Hospital in Singapore suggested that this state-of-the-art hospital has reached operational breakeven, though the numbers will likely show up only in 2Q13 results. Read ››

Transcu Group appoints Alan David Gordon as CFO

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He was appointed based on his extensive experience in international business, acquisitions, accounting, budgeting, forecasting, treasury, planning and analysis. Read ››

Pacific Healthcare Holdings names Pang Yoke Min as director

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Mr Pang was nominated as a candidate by Radiance Investment, a major stockholder of the company. Read ››

Here's Raffles Medical's next move after failed Thong Sia building conversion

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Property consultants on the rescue. Acording to UOB Kay Hian, after Raffles Medical's unsuccessful resubmission for the conversion of the Thong Sia building into a medical centre, management has appointed a property consultant to advise on the next course of action. Read ››

Religare Health Trust launches sprawling Gurgaon Clinical Establishment in India

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Its fourth in the country's NCR. SGX Mainboard-listed Religare Health Trust (RHT) has announced that the Gurgaon Clinical Establishment (Gurgaon CE), one of RHT’s portfolio assets, had its official opening launch on 1 May 2013. Read ››

OSIM to hit double-digit sales growth in first quarter: OCBC

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Bullishness bubbling over for manufacturer. OSIM, a manufacturer of massage chairs, vitamins and supplements and other healthy lifestyle products, is set to hit double-digit sales growth when it releases its first-quarter results, according to Maybank Kim Eng. Read ››

Raffles Medical Group's profits climbed 16% to S$13.5m

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It's the weakest quarter. According to OCBC Investment Research, Raffles Medical Group (RMG) reported its 1Q13 results this morning which were within its expectations. Read ››

Daily Briefing: War memorial vandal suspect caught; Story of 6-year old cancer survivor

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And see this restaurant full of antiques. Read ››

Mary Chia Holdings names Ho Yuen Kwan as business development manager

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He will be responsible for all business development opportunies in local and overseas market for the Group. Read ››