Personal Finance
hospital bed crunch looms in next few years
By Patrick Lim  •  December 8, 2011
ms salma khalik, the health correspondent of the straits times warns of "hospital bed crunch looms in next few years". the recent news that our government has pushed the opening of sengkang general hospital, 2 years ahead of schedule in 2018 may be testament to the fact that our nation faces a shortage of hospital beds, even though augmented by the opening of the new ng teng fong hospital with an extra 700 beds, scheduled to take in patients from the year 2014. current occupancy rates at public hospitals (with the exception of alexandra hospital) are hovering at or above 85% while the latest figures showed changi general hospital crossing the 95% mark on some days last maonth. in contrast, the biggest private hospital chain, parkway pantai group comprising of mounth elizabeth, gleneagles and parkway east have average occupancy rates of 65 to 70%, although there should be an extra ......
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By Patrick Lim
Patrick is an Associate Director with Promiseland. He has more than 20 years of personal investment experience both in stock and shares and unit trusts. In his early years as an investor, he got burnt really bad in the infamous 1987 crash and again during the clob incident. With 2 decades of so-called battle scars behind him, the last few years (since 2003) have been good to him especially with his single country funds doing exceptionally well. On his investing style, he is both a technical analyst and fundamentalist. Patrick view wealth accumulation as part and parcel of the wealth management process but only if one has already executed his/her wealth protection planning on an on-going basis.
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