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Forecasts Promising for Consumer Healthcare Spending in Asia

There are more reasons to keep an eye on Asia other than its emerging economies. Research from UBS CIO, a global firm providing financial services to private, corporate and institutional clients, indicates that the consumer spending will continue to increase at an annual growth rate of about 13 percent and reach US$1 trillion by 2016. In an

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Fortis and Khazanah vying for control of Parkway Healthcare

Fortis Healthcare, an Indian company, and Khazanah Nasional Berhad, the Malaysian government's investment holding arm are in the middle of a battle over control of Singaporean healthcare group, Parkway Holdings. Khazanah recently offered S$ 1.18 billion (US$ 835 million) through its subsidiary, Integrated Healthcare, to increase its stake in Parkway to 51.5%, thereby controlling the company.…

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