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Parkway to cut staff, salaries

When bad times, things can happen loh. Though minority kena only.

AK will go poly instead of private one to give, nowadays, min $30 per attendance. Though needs to q a bit loh, but free one, why not.

nickyng      ( Date: 15-Dec-2008 16:28) Posted: ehh...of cos i m referring to those above avg folks lah..those that level and below will probably jam the govt hosp/clinic...so u mean there's no mkt to sustain well to do folks har? dun tell me financial mess also hit those ppl until they wanna dngrade and compete for clinic waitg time as those "poor" folks? cannot be rite? :D AK_Francis      ( Date: 15-Dec-2008 12:08) Posted: Commod, ie rubber n palm oil px shed greatly. Local people hv to tighten their belts liao. Now, most sick people tend to go gov clinic instead of private hosp. A ringgit per registration with free medication in gov clinic whereas min 50 ringgit to place the name at the counter, madicine separate cost. A day stay in gov clinic costs few ringgit but for the other, a thousand to smell the bed. None citizen visit gov hosp, needs to pay 100% more on registration, 2 ringgit and hv the other same treatment like locals. The gov hosp over the causeway is Dun Aminah Hosp Besar, turn left 400m away after the old custom.

 

I thought the healthcare industry is recession proof....

 

ehh...of cos i m referring to those above avg folks lah..those that level and below will probably jam the govt hosp/clinic...so u mean there's no mkt to sustain well to do folks har? dun tell me financial mess also hit those ppl until they wanna dngrade and compete for clinic waitg time as those "poor" folks? cannot be rite? :D

AK_Francis      ( Date: 15-Dec-2008 12:08) Posted: Commod, ie rubber n palm oil px shed greatly. Local people hv to tighten their belts liao. Now, most sick people tend to go gov clinic instead of private hosp. A ringgit per registration with free medication in gov clinic whereas min 50 ringgit to place the name at the counter, madicine separate cost. A day stay in gov clinic costs few ringgit but for the other, a thousand to smell the bed. None citizen visit gov hosp, needs to pay 100% more on registration, 2 ringgit and hv the other same treatment like locals. The gov hosp over the causeway is Dun Aminah Hosp Besar, turn left 400m away after the old custom. nickyng      ( Date: 15-Dec-2008 10:04) Posted:    hmm...i thot healthcare industry is recession-proof ??? so fast axe heads liao? wow.... :D     SINGAPORE - Singapore hospital and healthcare operator Parkway Holdings said on Monday it will cut salaries and lay off up to 4 percent of its staff in a bid to rein in costs. "The group is not immune to the current global economic challenges," the firm said in a statement. Parkway, part-owned by Malaysian sovereign wealth fund Khazanah Nasional Bhd, said its directors would not receive any fees for 2008 while senior managers' salaries would be cut by 15-35 percent. For middle management, the reductions would be between 5 and 10 percent, it said. Parkway did not say how many people would be affected by the job cuts.

 

Is parkway a good buy at $1.22 now? Any comments?

 

Commod, ie rubber n palm oil px shed greatly. Local people hv to tighten their belts liao.

Now, most sick people tend to go gov clinic instead of private hosp. A ringgit per registration with free medication in gov clinic whereas min 50 ringgit to place the name at the counter, madicine separate cost.

A day stay in gov clinic costs few ringgit but for the other, a thousand to smell the bed.

None citizen visit gov hosp, needs to pay 100% more on registration, 2 ringgit and hv the other same treatment like locals. The gov hosp over the causeway is Dun Aminah Hosp Besar, turn left 400m away after the old custom.

nickyng      ( Date: 15-Dec-2008 10:04) Posted:    hmm...i thot healthcare industry is recession-proof ??? so fast axe heads liao? wow.... :D     SINGAPORE - Singapore hospital and healthcare operator Parkway Holdings said on Monday it will cut salaries and lay off up to 4 percent of its staff in a bid to rein in costs. "The group is not immune to the current global economic challenges," the firm said in a statement. Parkway, part-owned by Malaysian sovereign wealth fund Khazanah Nasional Bhd, said its directors would not receive any fees for 2008 while senior managers' salaries would be cut by 15-35 percent. For middle management, the reductions would be between 5 and 10 percent, it said. Parkway did not say how many people would be affected by the job cuts.

 

 

 hmm...i thot healthcare industry is recession-proof ??? so fast axe heads liao? wow.... :D


 

 

SINGAPORE - Singapore hospital and healthcare operator Parkway Holdings said on Monday it will cut salaries and lay off up to 4 percent of its staff in a bid to rein in costs.


"The group is not immune to the current global economic challenges," the firm said in a statement.

Parkway, part-owned by Malaysian sovereign wealth fund Khazanah Nasional Bhd, said its directors would not receive any fees for 2008 while senior managers' salaries would be cut by 15-35 percent.

For middle management, the reductions would be between 5 and 10 percent, it said. Parkway did not say how many people would be affected by the job cuts.