Thonburi to invest $100m in hospital construction

Thonburi hospital

Thailand’s Thonburi Hospital Group (THG) said it expects to sign a memorandum of understanding with local firm Ga Mone Pwint to construct two hospitals in Myanmar.

Dr Boon Vanasin, owner of Thonburi Group, said THG will invest $ 100 million and expects to take a 40 per cent stake in the hospitals, while the local partner will take 60 per cent, Thai media reported.

The construction of both hospitals will take a few years and the combined capacity will be 400 beds.

Dr Vanasin said Myanmar people rank as the leading number of foreign tourists visiting Thailand for medical treatment, ahead of people travelling from Europe and the Middle East.

In Myanmar, the company will focus on the middle and upper class as these segments are seen to grow strongest.

Dr Vanasin added that Myanmar’s hospital industry has grown by more than 10 per cent each year it has been measured and is expected to grow by 15 per cent this year.

Source:Content sharing agreement with Myanmar Business Today

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.