Chủ Nhật, 1 tháng 9, 2013

rich go to Taiwan for checkups

<!–enpproperty 2013-09-01 22:45:44.0Shan JuanMainland rich go to Taiwan for checkupsChinese mainland,Taiwan,checkup,mainland,rich1811048813Society2@usa/enpproperty–>

Taiwan is luring well-off tourists from the mainland with quality health examinations and management packages.


Ever since Taiwan authorities launched a 15-day health/medical tourism permit for mainlanders last year, more than 30,000 people have traveled under the initiative, mainly for high-end physical checkups, cosmetic surgery or anti-aging therapies, according to the Taiwan External Trade Development Council.


The policy, issued last year, was aimed at broadening the island’s health tourism market by attracting more customers from the mainland.


Currently, residents of 26 major cities on the mainland can travel to the island on an individual basis, while medical tourists can be from anywhere.


Hung Tzu-Jen, general manager of the Shin Kong Medical Club of Taiwan, one of the 39 authorized medical institutions to receive such tourists, said on Friday that it has received about 3,000 since the new rule was implemented.


Most were rich male entrepreneurs aged 45 to 55 from Jiangsu, Hebei and Fujian provinces, he said.


The hospital focuses on early screenings for cancer and cardiovascular diseases, which have become top killers across the country.


According to Hung, each customer spends 7,500 yuan ($1,230) on average for packages based on individual situations and needs.


Apart from advanced equipment, “quality services, a custom-oriented approach, the highlighting of preventive care and health management, as well as promotion are the real competitive advantages,” he said.


One of their customers from Jiangsu said that instead of a medicine odor, the hospital gave off a pleasant coffee smell.


Another customer, surnamed Liu, who went to the hospital for a health checkup package for women, said the jelly the B-scan doctor applied on her belly was warm, an unexpected and human-oriented service, as on the mainland the jelly is usually cold and feels uncomfortable.


The package, mainly about early breast cancer screening, costs about 5,400 yuan, she said.


Despite the rising trend, health checkup tourists from the mainland account for only 5 percent of the total at the center, Hung said.


“There must be a major increase in the future,” he said.


International studies showed that usually about 3 percent of a developing country’s rich population considers international health tourism, Hung said.


“That figure should be at least 60 million in the case of mainland, which might be our potential clients,” he said.


He urged Taiwan authorities to boost the efforts by actively promoting the “Taiwan healthcare” brand.


Many countries and regions worldwide have begun to eye the health tourism market, he said.


“The competition is actually among countries and regions rather than just healthcare providers,” Hung said.


In Singapore, for instance, the government invests $100 million every year to promote its local healthcare brands internationally.


Films and TV shows in South Korea have even included scenes about healthcare and plastic surgery.


“Taiwan should learn from them and become a top destination for healthcare tourists from the mainland,” he expected, adding that Taiwan strikes a good balance of quality and affordability.


But for the super-rich in metropolises such as Beijing and Shanghai, “They are eyeing the best of the best, like Europe and the US,” he said.




rich go to Taiwan for checkups

Teen sentenced to 3 years in Delhi gang rape case

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Reuters


Police escort men (face covered) accused of a gang rape, outside a police station in Noida on the outskirts of New Delhi, Aug. 31, 2013.


An Indian teenager was sentenced to three years in juvenile detention on Saturday for the December gang rape of a trainee physiotherapist, the first verdict in a case that sparked debate over whether India is too soft on young offenders. 


Police say the 18-year-old and five adult men lured the 23-year-old woman and her male friend onto a New Delhi bus where they repeatedly raped her and beat them both with a metal bar before dumping them on to a road. 


The woman died in a Singapore hospital two weeks after the Dec. 16 attack. The case turned a global spotlight on the treatment of women in India, where police say a rape is reported every 20 minutes. 


“The juvenile has been found guilty under rape and murder charges, and accordingly sentenced to three years of jail,” Rajesh Tiwari, a lawyer for the juvenile, told reporters. 


ad490 130831 india rape 409p.380%3B380%3B7%3B70%3B0

EPA


Indian activists shout slogans during a protest demanding harsher punishment for the juvenile accused in the New Delhi rape case in New Delhi, India, Aug. 31 2013.


The lawyer said the juvenile would be sent to a reform home to serve the term, taking into account the months he has already spent in detention since his arrest. 


Four of the teenager’s co-accused are still on trial and face the death penalty if convicted. Closing arguments began on Aug. 22 and verdicts are expected within the next fortnight. A fifth accused, the alleged ring-leader, killed himself in his jail cell in March. 


The teenager, who may not be named, was tried as a juvenile as he was 17 at the time of the attack. The maximum penalty that could be imposed by the Juvenile Justice Board was three years. 


In January, authorities ruled he was 17, citing school records, which shocked the victim’s family and others clamoring for him to face the death penalty. 




“You may as well set the juvenile free, if the sentence is only three years for heinous offences like rape and murder,” said the victim’s mother who was in tears after the verdict. 

The mother also said she would appeal against the verdict in a higher court. 


“I am not happy with this judgment. At least in this case, the juvenile should have been sentenced to life,” the victim’s brother told Reuters. 


In response to the public outcry after the rape, the government fast-tracked tougher laws against sex crimes, but it resisted calls to change the juvenile law and return the adult age to 16 from 18. 


Supreme Court petition
India’s Supreme Court is currently hearing a petition filed by Subramanian Swamy, an opposition politician and lawyer, that calls for the law to be reinterpreted rather than changed. 


Swamy wants a minor offender’s “emotional, intellectual and mental maturity” to be assessed when deciding whether to try them as a juvenile, rather than basing the decision on age alone. 


“I felt that, with the kind of rape that took place, if (the juvenile suspect) got off lightly it would send a bad signal to society,” Swamy told Reuters. He plans to launch an appeal against the verdict reached on Saturday if the Supreme Court rules in favor of his petition later this year. 


The teenager pleaded not guilty to all 13 charges including rape, murder and robbery. His trial was held behind closed doors to protect his identity and media were barred from reporting on any details of the proceedings. 


During his trial, he has been held at a juvenile detention facility for violent young offenders in Delhi and kept away from other inmates for his safety. 


The youth left home when he was 11 and got work in a roadside eatery, his mother told Reuters in January. In recent years he lived as a semi-vagrant, washing buses and collecting fares, according to a police report. 


After leaving home, he never returned and his mother said she thought he was dead until police arrested him in connection with the gang rape. 


Some 33,000 crimes were committed by juveniles in India last year, the highest number in a decade, but there has not been a large spike, according to Home Ministry figures. Juveniles commit a tiny proportion of total crimes in India and far less than other nations such as the United States. 


Copyright 2013 Thomson Reuters. Click for restrictions.



Teen sentenced to 3 years in Delhi gang rape case

Singapore flavour at MOE-run pre-schools


The learning process – through stories, songs and dances – will have a distinct local touch




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    Children enrolled in five new kindergartens run by the Ministry of Education (MOE) will learn through stories, songs and dances with a distinct Singapore flavour.


    They will spend about an hour a day on their mother tongue languages. There will be no spelling tests, and those learning Chinese will not learn hanyu pinyin.


    Learning through play figures strongly in the curriculum, revealed on Saturday to about 150 parents at an information session held at Punggol View Primary, where one kindergarten will be located. The five centres open in January.


    Education Ministry officers explained the concept of learning through play, where activities are planned to achieve certain learning outcomes and teachers make sure the children take part.


    99f3f ST 20130901 P1PRESCH01XUIG 3818298e




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    Singapore flavour at MOE-run pre-schools

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Starry turn in Singapore


Barely a week ago, K.L. Rahul piloted India Under-23 to a title triumph in the Asian Cricket Council’s Emerging Players Cup at Singapore. The opener’s unbeaten 93 helped India defeat Pakistan by nine wickets in the final but the 21-year old is in no mood to nurse the goodwill that is washing ashore his life.



Back in Bangalore, Rahul quickly returned to the Chinnaswamy Stadium. And on a warm Thursday evening, when he stepped out of the National Cricket Academy’s gym, he slipped on a t-shirt as the earlier vest revealed the tattoos on his shoulders. Soft-spoken and extremely focussed on the game, Rahul did not want the photographer to zoom in on his youthful indulgence. Having cemented his berth with the Karnataka team during the last season, the youngster, who is also part of the Royal Challengers Bangalore squad, has always been looked upon as a player to watch out for in the future.



A slot in the India Under-23 team that played in Singapore, it was an apt recognition of his talent and consistency. Rahul lived up to the selectors’ faith with scores of 46,88,51,43 and the decisive 93 n.o. in the summit clash.



The tournament’s highest run-getter, who relished his foray into the India colours, said: “At the competition level, I wouldn’t say that it was as high as Ranji Trophy, but it was a different kind of challenge being abroad. You don’t know anything about the opposition or the conditions.”



It wasn’t a perfect script though as India suffered a shock-defeat against Afghanistan in the preliminary stage.



“The atmosphere in the dressing room was positive. We had one bad game against Afghanistan but we realised where we were lacking and worked harder.”



Soon it was time for the biggest match – a final against Pakistan. Rahul was ready. “It was a once-in-a-lifetime opportunity. As a kid, you always dream of playing for India against Pakistan in a final. I told myself that I am not coming back to the dressing room till we get those 160 runs. That is the only thing that was running in my mind,” he said.



A stroke-player, who dabbles both as an opener and as an occasional wicket-keeper, Rahul adds value to whichever team he represents. “I enjoy whatever role that is given to me, be it my position in the batting order or keeping wickets, I enjoy doing that for my team. I am happy to do anything,” he said. Indebted to his parents and coach Jairaj from his hometown Mangalore, Rahul believes that he is in a good space at the moment and said: “I keep watching the ball and now the ball looks good to me. I just want to continue the flow.”



There is also the inevitable comparison with the more famous Rahul – Dravid, who is one of his idols along with Sachin Tendulkar. “Some say I look like Rahul Dravid but I don’t think that I look like Rahul Dravid; maybe it comes from how much I have watched him. I also like Virat Kohli and AB de Villiers (his RCB team-mates),” Rahul said. As for the future, he quipped: “Whatever opportunity comes my way, I need to make sure that I do well.”




Starry turn in Singapore

International Olympic Committee to pick president, host city, sport

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Singapore Stocks Worst in Developed World: Southeast Asia

Singapore stocks tumbled by the most

among developed markets last month as investors pulled cash from
Southeast Asia on concern about the future of global stimulus.


Singapore’s Straits Times Index, the benchmark gauge for

the region’s biggest market, dropped 7.5 percent in the 10 days

through Aug. 28, its longest losing streak since 2002. The gauge

slumped 6 percent in August, the worst performance among the

world’s developed equity markets. Jardine Cycle Carriage Ltd.,

the largest shareholder of Indonesia’s PT Astra International (ASII),

and commodities trader Olam International Ltd. led declines.


Stocks in Southeast Asia sank faster than global equities

on signs regional economic growth is slowing and as Federal

Reserve policy makers prepare to reduce U.S. bond buying that

had prompted investors to buy riskier assets. Investors pulled

$2.2 billion from Thailand, Indonesia and the Philippines in

August, after plowing $6.8 billion into the markets in 2012,

data compiled by Bloomberg show.


“Singapore is a barometer for Southeast Asia,” Wellian Wiranto, Singapore-based Asian investment strategist at Barclays

Plc’s wealth-management unit, said in an interview on Aug. 28.

“Choppiness elsewhere brings ripples here. Investors are

probably concerned about the risk of contagion amid capital

outflows from neighboring markets like Indonesia and the

Philippines.”


Stimulus Tapering


The Straits Times Index has slumped 12 percent since Fed

Chairman Ben S. Bernanke said May 22 the central bank may start

tapering $85 billion in monthly U.S. bond purchases if the

world’s biggest economy improves. The city’s stock market

benefited from loose monetary policy in the past few years as

shares offered investors attractive dividend yields, said Khiem Do, Hong Kong-based head of multi-asset strategy at Baring Asset

Management Ltd., which manages about $57 billion.


Policy makers were “broadly comfortable” with Bernanke’s

plan, minutes of their last meeting showed. The Fed will

probably begin paring bond purchases when it next meets Sept.

17-18, according to 65 percent of economists surveyed by

Bloomberg last month.


Singapore is the only developed market among countries in

the Association of Southeast Asian Nations, which also includes

Laos, Brunei, Cambodia, Indonesia, Malaysia, Myanmar and

Vietnam.


Asean Redemptions


Shares listed in Singapore are worth $558.4 billion,

compared with $455.4 billion for Malaysia, the second-biggest

equities market in the region, according to data compiled by

Bloomberg.


“Singapore has been affected by redemptions from Asean

since it’s the biggest market,” Baring’s Do said in a telephone

interview on Aug. 26. “It’s being lumped together with

Indonesia, Thailand and the Philippines where capital outflows

have accelerated.”


While Singapore’s assets are more attractive than those in

neighboring Indonesia, investors may be choosing to sell their

holdings in Singapore because the city-state’s currency is more

stable, he said.


The Singapore dollar fell 0.3 percent against the U.S.

dollar
last month, compared with a 5.9 percent decline for the

Indonesian rupiah, a 2.8 percent drop for the Thai baht, a 2.5

percent slide for the Philippine peso and a 1.2 percent loss for

the Malaysian ringgit, according to data compiled by Bloomberg.


Currencies Slump


Regional currencies slumped as capital markets began to

price in reduced inflows when the Fed starts tapering stimulus,

Kelvin Tay, Singapore-based chief investment officer for

southern Asia-Pacific at UBS AG’s wealth management unit, wrote

in a note on Aug. 23. UBS said Singapore was its preferred

market in Southeast Asia, upgrading its rating from neutral.


“Singapore is likely to outperform,” Tay said.

“Singapore’s strong currency, resilient domestic economy, good

earnings-growth potential and exposure to developed markets’

recovery make it appealing to foreign investors.”


The nation’s economic growth rate accelerated to 3.8

percent in the second quarter from a year earlier as services

industries expanded, offsetting weaker exports. In the same

period, economic expansion slowed in Thailand, Indonesia and the

Philippines.


Singapore’s Straits Times Index (FSSTI) traded at 14 times

estimated earnings as of Aug. 30, compared with 16.1 for the

FTSE Bursa Malaysia KLCI Index, 17.4 for the Philippine Stock

Exchange Index and 10.4 for Hong Kong’s Hang Seng Index,

according to data compiled by Bloomberg.


‘Less Attractive’


Shares on the Straits Times Index offer an average dividend

yield of 3.4 percent compared with 2.7 percent for 10-year

Singapore government bonds, the data show. CapitaMall Trust (CT), the

retail property trust controlled by Southeast Asia’s biggest

developer CapitaLand Ltd., and Hutchison Port Holdings Trust,

partly-owned by billionaire Li Ka-shing’s Hutchison Whampoa

Ltd., are among the gauge’s 30 members.


“We don’t see a lot of catalyst for the market to recover

at this stage,” Daphne Roth, Singapore-based head of Asian

equity research at ABN Amro Private Banking, which oversees

about $207 billion, said in a telephone interview on Aug. 26.

“As investors start to price in rising interest rates,

Singapore’s high-yield REITs become less attractive.”


The FTSE Real Estate Investment Trust Index, which tracks

prices of the city’s biggest REITs and has an average dividend

yield of 5.3 percent, sank 6.7 percent in August. U.S. 10-year

bond yields climbed for a fourth month, touching the highest

since July 2011.


“Singapore is getting hit from two sides,” Nader Naeimi,

Sydney-based head of dynamic asset allocation at AMP Capital

Investors Ltd., which manages more than $130 billion, said in a

telephone interview on Aug. 23. “Firstly, it’s being lumped

together with other Southeast Asian markets like Indonesia and

the Philippines. Secondly, investors are selling high-yield

Singapore REITs as bond yields are rising.”


To contact the reporter on this story:

Jonathan Burgos in Singapore at

jburgos4@bloomberg.net


To contact the editor responsible for this story:

Sarah McDonald at

smcdonald23@bloomberg.net



Singapore Stocks Worst in Developed World: Southeast Asia