PETRONAS RM1.1 BILLION SHOCKER! ‘World’s best hospital’ loss-making for past 10 yrs


I don’t feel as if health care is subsided there, what about you?

Dateline 2013-10-18, Malaysia Chronicle:

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Besides oil and gas, Petronas has in recent times ventured out of its core business in an attempt to diversify its portfolio. As a result, Petronas is now heavily invested into properties as well as the healthcare sector through Prince Court Medical Centre, a luxury private hospital situated in the heart of KL city.

However, at a cost of RM544 million to build, the investment in Prince Court Medical Centre has not been able to reap any profit. In fact, according to its annual report, the private hospital has been suffering huge losses every year for 10 years in a row, particularly in the last five years since its operations started.

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This entry was posted on Sunday, December 15th, 2013 at 6:00 am and is filed under investment, Malaysia, oil and gas. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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