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Coffeeshop Chit Chat - Parkway Had More Biz, Yet Retrench Staff</TD><TD id=msgunetc noWrap align=right>
Subscribe </TD></TR></TBODY></TABLE><TABLE class=msgtable cellSpacing=0 cellPadding=0 width="96%"><TBODY><TR><TD class=msg vAlign=top><TABLE cellSpacing=0 cellPadding=0 width="100%" border=0><TBODY><TR class=msghead><TD class=msgbfr1 width="1%"> </TD><TD><TABLE cellSpacing=0 cellPadding=0 border=0><TBODY><TR class=msghead><TD class=msgF noWrap align=right width="1%">From: </TD><TD class=msgFname noWrap width="68%">SGNEWSALTE <NOBR></NOBR> </TD><TD class=msgDate noWrap align=right width="30%">5:11 am </TD></TR><TR class=msghead><TD class=msgT noWrap align=right width="1%" height=20>To: </TD><TD class=msgTname noWrap width="68%">ALL <NOBR></NOBR></TD><TD class=msgNum noWrap align=right> (1 of 2) </TD></TR></TBODY></TABLE></TD></TR><TR><TD class=msgleft width="1%" rowSpan=4> </TD><TD class=wintiny noWrap align=right>4180.1 </TD></TR><TR><TD height=8></TD></TR><TR><TD class=msgtxt>Parkway holding had sign an agreement to managed a 300-bed hospital in Abu Dhubai. A new hospital in Novena is due for completion soon. Despite all these, it had retrenched staff and cut salaries in Singapore. Reason given by it's MD: "It's just to be prudent and pro-active," . Making Singaporeans jobless is prudent? Sacking staff even though biz is expanding is being "pro-active"?
http://uk.reuters.com/article/rbssHealthcareNews/idUKSIN21584120081222
Singapore's Parkway to manage Abu Dhabi hospital
Mon Dec 22, 2008 7:36am GMT
SINGAPORE, Dec 22 (Reuters) - Singapore healthcare firm
Parkway Holdings (PARM.SI) signed an agreement with United
Eastern Medical Services on Monday to manage a new $200 million
hospital in Abu Dhabi.
The agreement marks the first foray for Parkway Holdingsinto the Middle East. The hospital, Danat Al Emarat, will have170 beds when it opens, with an expected total capacity of 300beds.</PRE>
The deal comes a week after the Singapore firm'sannouncement to cut salaries and lay off 4 percent of its staffin a bid to rein in costs.</PRE>
"It's just to be prudent and pro-active," said Lim CheokPeng, Group President and managing director of ParkwayHoldings, at a briefing, referring to the cuts. "We have to becautious."</PRE>
Parkway expects to complete the 350-bed Novena hospital inSingapore and a 500-bed joint-venture hospital in Mumbai in2011, as planned.</PRE>
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http://uk.reuters.com/article/rbssHealthcareNews/idUKSIN21584120081222
Singapore's Parkway to manage Abu Dhabi hospital
Mon Dec 22, 2008 7:36am GMT
SINGAPORE, Dec 22 (Reuters) - Singapore healthcare firm
Parkway Holdings (PARM.SI) signed an agreement with United
Eastern Medical Services on Monday to manage a new $200 million
hospital in Abu Dhabi.
The agreement marks the first foray for Parkway Holdingsinto the Middle East. The hospital, Danat Al Emarat, will have170 beds when it opens, with an expected total capacity of 300beds.</PRE>
The deal comes a week after the Singapore firm'sannouncement to cut salaries and lay off 4 percent of its staffin a bid to rein in costs.</PRE>
"It's just to be prudent and pro-active," said Lim CheokPeng, Group President and managing director of ParkwayHoldings, at a briefing, referring to the cuts. "We have to becautious."</PRE>
Parkway expects to complete the 350-bed Novena hospital inSingapore and a 500-bed joint-venture hospital in Mumbai in2011, as planned.</PRE>
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....can not critisize 'gar gi lang'..:p
