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Fortis Healthcare to acquire 23.9% of Parkway Holdings

Fortis Healthcare, India’s fastest-growing healthcare company, it would buy 23.9% of Singapore’s Parkway Holdings in healthcare service provider Parkway Holdings from TPG Capital (formerly Texas Pacific Group). Parkway has a network of 16 hospitals having 3,400 beds spread over six countries, including India. The deal size is estimated to be about US$685.3 million ($959.4 million). This deal will give the Indian hospital chain a foothold in Singapore and Malaysia and make it the biggest private hospital network in Asia.

Separately, Macquarie has raised Parkway Holdings target price to $3.45 from $3.19 on back of earnings forecasts upgrades. Macquarie believes Parkway remains the best proxy to Asian healthcare and Singapore’s medical tourism drive. It also tips imminent launch of medical suites at new Novena hospital as share price catalyst. Today, Parkway Holdings announced a soft launch for the phase 1 of the sale of Novena medical suites.

Look at the climb and the increase in trade volume for the past one week!

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How to stop FortiClient from starting automatically?

Installed FortiClient recently but the challenge in disabling the application/service from running automatically on every start-up annoyed me. Attempt to stop 'FortiClient Service Scheduler' only return 'Parameter is incorrect' error message.

An article on Technet help solve my trouble. To stop FortiClient from starting automatically, try the following:
Shut down FortiClient from the system tray.
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Ho Ching named 5th most powerful and is mistaken as first lady by Forbes

Forbes named Singapore Prime Minister wife and CEO of Temasek Holdings, Ho Ching, as the 5th most powerful woman in the world. Ho Ching is mistaken as Singapore's first lady! OMG!

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Speech by Mr Inderjit Singh on Population White Paper

People's Action Party MP, Mr Inderjit Singh, debated on the Population White Paper and put up his point across that he is against his own party's 6.9m projected population. I applaud his courage to stand up against the party whip and for his fellow Singaporeans.

His key points are;

Slow down immigration and focus on resolving all issue related to the past population boom.We can live with a slightly slower growth (not zero or slow growth) and hence moderate dependence on foreigners.Use the Dubai model to complement our local workforce with foreign workforce, but don’t grant them PRs – ie a transient workforce.Abandon the 6.9m figure by 2030, this will be another rapid growth which we cannot handle.Solve Singaporeans problems first and also don’t give PRs same privileges as citizens.
As published on Mr Inderjit Singh's Facebook status, the full speech made in the parliament is as below:

Speech by Mr Inderjit Singh, MP for Ang Mo Kio GRC
On the White Paper on Population


Madam S…