KUALA LUMPUR, Oct 28 ― The RM30 million allocation for the Malaysia Healthcare Travel Council (MHTC) under Budget 2018 tabled by Prime Minister Datuk Seri Najib Razak yesterday will spur further growth of the medical tourism industry in the country.
MHTC chief executive officer Sherene Azli said the council welcomed the announcement and described it as being in line with the national economic blueprint where healthcare travel was identified as one of the National Key Economic Areas (NKEA) in Malaysia’s bid towards high income nation status by 2020.
She said since 2011, the industry had shown tremendous potential and recorded double-digit annual growth, ranging between 16 to 17 per cent every year.
“In 2016, the healthcare travel industry grew about 23 per cent from 2015, compared to the average growth rate of 15 per cent from 2011 to 2015.
“Malaysia received more than 921,500 health travellers and it is estimated that last year alone, the actual contribution of the healthcare travel industry to the Malaysian economy is approximately RM4 billion to RM5 billion,” she said in a statement today.
Sherene said the sector had identified Indonesia, Vietnam, China and recently India, as core markets based on the volume of healthcare travellers as well as growth potential for these respective markets.
In the 2008 budget, MHTC was allocated RM30 million to strengthen the industry as one of the country's sources of income, including providing end-to-end service for medical tourists to Malaysia.
The allocation among others is to promote Malaysia as the Asian Hub for Fertility Treatment, including IVF and Cardiology, extend the eVisa facility to cover other specialised medical services and high-value healthcare packages and introduce Flagship Medical Tourism Hospital Programme which offers special incentive to private hospitals to attract medical tourists. ― Bernama
Wilmar as example. If you think Peter Lim is some nobody in the market. you're deadly wrong. will shoot high when he decided to push. perhaps to enhance the NTA of Rowsley. I'm ready to hold until 2022. Price down then collect. doubled profits, on high pace growth, undying medical business. what more you want?
i read an article a few days ago ...lots of malaysian are willing to purchase a property and hold 5-8 years to secure 30-50% profit , while on tmclife, i’m willing to hold 5 years as i predict price will reach rm2.0 which i can secure 250% profit....
TMC's 4QR received wide coverage from 4 papers and volume of trades for last two trading days has been quite high. Hope this will translate to a bullish push. Sales are you looking at Genm too? Cheers
Most investors just look for fast gains and always act like retail mindset. Those with long-term investment and mostly believed in fundamental. Warren Buffett was successful because he believed in fundamental & do research and not buy on speculation. Want fast gain? Genting Highland is better choices.
Introducing MY's First IPO Fund for Sophisticated Investors!
MQ Chat
New Update. Discover investment communities that resonate with your ideas
MQ Trader
M & A Value Partners IPO Equity Fund has been launched - Targeted 13% Return p.a
Latest Videos
0:17
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 3111 views | 3 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Sales
3,251 posts
Posted by Sales > 2017-10-25 17:02 | Report Abuse
Don't chase, slowly collect for long term.