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Showing posts with label News. Show all posts
Showing posts with label News. Show all posts

Friday, November 23, 2007

Move to make sure all doctors have required skills

PUTRAJAYA: Newly-qualified doctors will have to undergo two years' compulsory housemanship from next year.

Currently, they only have to do a year of housemanship.

Health Minister Datuk Seri Dr Chua Soi Lek, who announced the Cabinet decision yesterday, said the move was considered important to increase the knowledge, skills and experience of graduate medical officers.

“This will improve the quality of services and healthcare standards,” he said.

A rotation system of four months in six departments will be implemented. With the newest inclusion being the accident and emergency department, the rest are medical, paediatric, general surgery, orthopaedic, obstetrics and gynaecology.

“We have observed that in the past few years, about three to five per cent of graduate medical officers do not get full registration because they have weaknesses in knowledge or skills,” he told reporters before chairing his ministry’s post-Cabinet meeting.

“We cannot let this continue. We hope the move is seen as a positive one by future graduates and we are confident the rakyat (people) will support us.”

After the two-year housemanship, the doctors would have to serve their three years' compulsory service with the Government or its agencies, he said.

Dr Chua said the ministry would apply to the Government to place them under the U43 grade upon completing the two years' housemanship compared to the current U41. The U43 pay scale is RM500 more than U41.

He said the doctors would be able to pursue their specialist courses or Master’s after serving two years' compulsory service compared to the current situation whereby they can only apply to further their studies after three years.

About 1,200 local medical students graduate annually.

Dr Chua also announced the Cabinet’s decision to disallow the future setting up of private cord blood banks because while it was a new service with huge potential to treat specific diseases, there were still ethical issues to be scrutinised.

He said the existing centres would have to apply for a licence from the ministry within the next two months and would be registered under the Private Healthcare Facilities and Services Act 1998.

Saturday, June 23, 2007

Pearl of the Orient - this name comes with a price

-Saturday June 23, 2007-
Penang malls sold for over RM1bil

By DAVID TAN

PENANG: Three upmarket shopping malls in Penang – Gurney Plaza, Queensbay Mall and Island Plaza – have recently been sold for over RM1bil.

Sources told StarBiz that Gurney Plaza and Island Plaza had been sold to a US insurance group based in Singapore.

“Gurney Plaza has been sold for about RM700mil,” a source said. It is not known how much Island Plaza went for.

“As for Queensbay Mall, it was sold to the Employees Provident Fund (EPF) for about RM400mil,” the source said.

Gurney Plaza was owned by Etika Cekap, while Queensbay Mall and Island Plaza were owned respectively by CP Land and the Belleview Group.


Queensbay Mall which was sold for about RM400mil

Gurney Plaza, which opened in 2001, has over 70,000 sq m of floor space, while Queensbay Mall, which began operations last year, has a built-up area of about 232,257 sq m.

Buyers usually use yield calculation to determine the price of shopping malls.

“This method looks at the yield that can be generated yearly from rentals,” the source said. “Based on rentals, upmarket shopping malls on the island can generate yields of about 8% a year.”

Current market rentals for ground-floor retail lots range from RM15 to RM25 per sq ft, depending on the size and location of the units.

Local and overseas investors, such as those from the United States, Australia and China, started taking an interest in commercial properties in Kuala Lumpur about two years ago.

“In the past two years, real estate investment trust companies have bought several shopping malls in the Klang Valley.

“They are now turning their attention to Penang, as the island has new, trendy and upmarket shopping malls and affordably priced commercial centres,” the source said.

He said that in Singapore, a prime commercial property could easily fetch RM5,000 per sq ft or more.

“A similar property in Kuala Lumpur or Penang is priced between RM600 and RM1,000 per sq ft,” the source said.

Taken from http://biz.thestar.com.my/news/story.asp?file=/2007/6/23/business/18100855&sec=business