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| Source: Manulife.com Over the next few decades, I am confident that well-run healthcare companies will continue to do well. A good example is Dr Loo of Raffles Medical Group. Under his stewardship, RMG has grown from strength to strength. His personal business mantra is "If you treat your patients well, the business will do well too". If you are afraid that rising interest rates will affect healthcare ... |
Many countries in Asia are aging at an alarming rate. Governments have been raising the retirement age and also trying desperately to raise the birth rates. People are simply living longer due to advancements in medical technology. This is a major macro-social trend that will not change. I have heard stories that the waiting lists at nursing homes in Singapore are so long, some elderly patients passed away even before their turns come. Public hospitals are already functioning at full capacity.
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