The healthcare industry of Singapore is expected to grow rapidly as the demand will be highly driven by medical tourism in Singapore and the ageing factor of the population. Globally, the country has one of the best healthcare infrastructures in the world.And by 2030, the expenditure of the healthcare industry is expected to triple, from $17 billion in 2013 to $44 billion. A clear sign that the total healthcare expenditure will go up 64% and the potential growth implies in the private healthcare. It is expected that the total health care spending will grow on an average 3,000 USD per capita.
The Singaporean government is highly focused on taking initiative in the healthcare sector to provide better facilities to the patient suffering from chronic diseases and towards the geriatric population to provide care. By 2022, more public hospitals are expected to start that will be driven by organic expansion.Singapore is a leading country in biomedical sciences manufacturing and R&D activities.
Singaporean government target to attract sector wise investment by focusing on government initiatives and friendly policies, permitting public-private partnership, making Singapore an easy preferred manufacturing base.Singapore’s vision is clear of becoming a Smart Nation, so the strategies are. The country is focusing on its strong and capable presence in IT sectors and Infocomm to work with the healthcare industry, to transform their competencies into applications within healthcare.
Keeping that in perspective. the stocks from this segment are expected to have a good demand going ahead and can give good returns in long term, to know more on the Stocks Of Healthcare system keep reading..
For more such analysis and opinions
With the trade war between the world’s biggest two economies not giving any signs of stopping, Many US companies are in a need step outside China to escape retaliatory tariffs, and which is the major factor in Penang’s resurgence after what a fund manager described as “a decade of sleepiness”. Penang is just one of the areas across Asia competing for supply chains seeking a new location and lower tariffs. The other factor going for Penang is that many semiconductors and other electronics products from Malaysia do not attract US tariffs, unlike the 25% rate for China.
Also, Foreign direct investments into Penang leaped 11 fold to about US$2bil (RM8.39bil) in the first half of this year – much more than it has attracted in any other full year. In its federal budget for next year, Malaysia said it would provide tax incentives to further promote high value-added activities in its E&E industry. Malaysia’s January-August E&E exports rose 0.7% on the year to RM247.6bil, while total exports slipped 0.4% to RM650.8bil. Electronics exports from other countries such as South Korea and Singapore have plunged in recent months.
US companies such as chipmaker Micron Technology and iPhone supplier Jabil Inc are building factories in Penang. The state is urgently freeing up more land, including through reclamation, to make space for new plants. Penang shot to the limelight in 1972 when Intel built its first international manufacturing plant there. Intel was followed by many other big US names such as Broadcom, Dell and Motorola.
So going ahead, the Malaysia IT firms are a good bet to go on. So to know the those Malaysian IT stocks in more details, which are expected to show positive developments, and to know more such KLSE daily stocks and tips, please visit
Penny Stocks are those stocks which are currently available on low prices but with a huge potential to grow and this feature makes this category of stocks a prudent investment. Here are some penny stocks which will be in the news going ahead:
Jackspeed Corp: The leather trim manufacturer for car seats, on Monday posted a first-half net profit of $3.2 million, down 4.6 percent from the same period a year earlier. Revenue in the six months to Aug 31 was $24.1 million, down 7.4 percent from the same period a year earlier.
Tuan Sing Holdings: The mainboard-listed property developer on Tuesday announced that its wholly-owned subsidiary, Superluck Properties, will issue $200 million senior secured notes due 2022 under its newly-established multicurrency medium-term note (MTN) programme. In addition, Tuan Sing has redeemed in full all the outstanding $80 million.
Lian Beng Group: The main contractor on Monday posted a first-quarter net profit rise of 21.3 per cent from the same period a year earlier despite a drop in gross profit, as associates’ losses swung into profits for the three months ended Aug 31. Net profit stood at $7.4 million in its fiscal first quarter, including a $1.4 million share of profits of associates.
SLB Development: The property developer on Monday posted a net profit of $1.86 million in the first quarter, reversing from a net loss of $4.1 million in the same period a year earlier. The bottom line was lifted by a lower share of losses of joint ventures and associates, which declined to $0.3 million in the three months to Aug 31, from $4.1 million in the same period a year earlier.