May 30, 2016, 1:13 am
Facebook iconTwitter iconYouTube iconGoogle+ icon
1 Philippine Peso = 0.07863 UAE Dirham
1 Philippine Peso = 2.64307 Albanian Lek
1 Philippine Peso = 0.03832 Neth Antilles Guilder
1 Philippine Peso = 0.29777 Argentine Peso
1 Philippine Peso = 0.02979 Australian Dollar
1 Philippine Peso = 0.03832 Aruba Florin
1 Philippine Peso = 0.04281 Barbados Dollar
1 Philippine Peso = 1.68344 Bangladesh Taka
1 Philippine Peso = 0.03764 Bulgarian Lev
1 Philippine Peso = 0.00807 Bahraini Dinar
1 Philippine Peso = 33.42645 Burundi Franc
1 Philippine Peso = 0.02141 Bermuda Dollar
1 Philippine Peso = 0.02942 Brunei Dollar
1 Philippine Peso = 0.14738 Bolivian Boliviano
1 Philippine Peso = 0.07736 Brazilian Real
1 Philippine Peso = 0.0214 Bahamian Dollar
1 Philippine Peso = 1.43505 Bhutan Ngultrum
1 Philippine Peso = 0.23872 Botswana Pula
1 Philippine Peso = 421.60357 Belarus Ruble
1 Philippine Peso = 0.04271 Belize Dollar
1 Philippine Peso = 0.02789 Canadian Dollar
1 Philippine Peso = 0.0213 Swiss Franc
1 Philippine Peso = 14.73836 Chilean Peso
1 Philippine Peso = 0.14055 Chinese Yuan
1 Philippine Peso = 65.71225 Colombian Peso
1 Philippine Peso = 11.49215 Costa Rica Colon
1 Philippine Peso = 0.02141 Cuban Peso
1 Philippine Peso = 2.11282 Cape Verde Escudo
1 Philippine Peso = 0.52057 Czech Koruna
1 Philippine Peso = 3.8077 Djibouti Franc
1 Philippine Peso = 0.14325 Danish Krone
1 Philippine Peso = 0.98192 Dominican Peso
1 Philippine Peso = 2.36468 Algerian Dinar
1 Philippine Peso = 0.30131 Estonian Kroon
1 Philippine Peso = 0.19022 Egyptian Pound
1 Philippine Peso = 0.46452 Ethiopian Birr
1 Philippine Peso = 0.01926 Euro
1 Philippine Peso = 0.04554 Fiji Dollar
1 Philippine Peso = 0.01412 Falkland Islands Pound
1 Philippine Peso = 0.01464 British Pound
1 Philippine Peso = 0.08252 Ghanaian Cedi
1 Philippine Peso = 0.91738 Gambian Dalasi
1 Philippine Peso = 157.33766 Guinea Franc
1 Philippine Peso = 0.16331 Guatemala Quetzal
1 Philippine Peso = 4.45076 Guyana Dollar
1 Philippine Peso = 0.16626 Hong Kong Dollar
1 Philippine Peso = 0.48272 Honduras Lempira
1 Philippine Peso = 0.14431 Croatian Kuna
1 Philippine Peso = 1.34191 Haiti Gourde
1 Philippine Peso = 6.04652 Hungarian Forint
1 Philippine Peso = 290.71273 Indonesian Rupiah
1 Philippine Peso = 0.08232 Israeli Shekel
1 Philippine Peso = 1.43496 Indian Rupee
1 Philippine Peso = 25.30264 Iraqi Dinar
1 Philippine Peso = 651.81047 Iran Rial
1 Philippine Peso = 2.68493 Iceland Krona
1 Philippine Peso = 2.67091 Jamaican Dollar
1 Philippine Peso = 0.01515 Jordanian Dinar
1 Philippine Peso = 2.35965 Japanese Yen
1 Philippine Peso = 2.15697 Kenyan Shilling
1 Philippine Peso = 1.46245 Kyrgyzstan Som
1 Philippine Peso = 87.91596 Cambodia Riel
1 Philippine Peso = 9.48795 Comoros Franc
1 Philippine Peso = 19.26597 North Korean Won
1 Philippine Peso = 25.40849 Korean Won
1 Philippine Peso = 0.00647 Kuwaiti Dinar
1 Philippine Peso = 0.01755 Cayman Islands Dollar
1 Philippine Peso = 7.19808 Kazakhstan Tenge
1 Philippine Peso = 173.71373 Lao Kip
1 Philippine Peso = 32.34435 Lebanese Pound
1 Philippine Peso = 3.15031 Sri Lanka Rupee
1 Philippine Peso = 1.8125 Liberian Dollar
1 Philippine Peso = 0.3364 Lesotho Loti
1 Philippine Peso = 0.06526 Lithuanian Lita
1 Philippine Peso = 0.01328 Latvian Lat
1 Philippine Peso = 0.02793 Libyan Dinar
1 Philippine Peso = 0.209 Moroccan Dirham
1 Philippine Peso = 0.42851 Moldovan Leu
1 Philippine Peso = 1.18624 Macedonian Denar
1 Philippine Peso = 25.35294 Myanmar Kyat
1 Philippine Peso = 42.75974 Mongolian Tugrik
1 Philippine Peso = 0.17125 Macau Pataca
1 Philippine Peso = 7.59925 Mauritania Ougulya
1 Philippine Peso = 0.75496 Mauritius Rupee
1 Philippine Peso = 0.32859 Maldives Rufiyaa
1 Philippine Peso = 15.15621 Malawi Kwacha
1 Philippine Peso = 0.39512 Mexican Peso
1 Philippine Peso = 0.08759 Malaysian Ringgit
1 Philippine Peso = 0.3364 Namibian Dollar
1 Philippine Peso = 4.26302 Nigerian Naira
1 Philippine Peso = 0.60976 Nicaragua Cordoba
1 Philippine Peso = 0.17846 Norwegian Krone
1 Philippine Peso = 2.29608 Nepalese Rupee
1 Philippine Peso = 0.03197 New Zealand Dollar
1 Philippine Peso = 0.00824 Omani Rial
1 Philippine Peso = 0.0214 Panama Balboa
1 Philippine Peso = 0.07169 Peruvian Nuevo Sol
1 Philippine Peso = 0.06778 Papua New Guinea Kina
1 Philippine Peso = 1 Philippine Peso
1 Philippine Peso = 2.2401 Pakistani Rupee
1 Philippine Peso = 0.08451 Polish Zloty
1 Philippine Peso = 122.3924 Paraguayan Guarani
1 Philippine Peso = 0.07794 Qatar Rial
1 Philippine Peso = 0.08674 Romanian New Leu
1 Philippine Peso = 1.41379 Russian Rouble
1 Philippine Peso = 15.96924 Rwanda Franc
1 Philippine Peso = 0.0803 Saudi Arabian Riyal
1 Philippine Peso = 0.16696 Solomon Islands Dollar
1 Philippine Peso = 0.27927 Seychelles Rupee
1 Philippine Peso = 0.13025 Sudanese Pound
1 Philippine Peso = 0.17878 Swedish Krona
1 Philippine Peso = 0.02954 Singapore Dollar
1 Philippine Peso = 0.01485 St Helena Pound
1 Philippine Peso = 0.47536 Slovak Koruna
1 Philippine Peso = 84.66322 Sierra Leone Leone
1 Philippine Peso = 12.97135 Somali Shilling
1 Philippine Peso = 470.32506 Sao Tome Dobra
1 Philippine Peso = 0.18729 El Salvador Colon
1 Philippine Peso = 4.7064 Syrian Pound
1 Philippine Peso = 0.3363 Swaziland Lilageni
1 Philippine Peso = 0.76505 Thai Baht
1 Philippine Peso = 0.04498 Tunisian Dinar
1 Philippine Peso = 0.04794 Tonga Pa'ang
1 Philippine Peso = 0.06331 Turkish Lira
1 Philippine Peso = 0.14254 Trinidad Tobago Dollar
1 Philippine Peso = 0.69742 Taiwan Dollar
1 Philippine Peso = 46.89764 Tanzanian Shilling
1 Philippine Peso = 0.53831 Ukraine Hryvnia
1 Philippine Peso = 72.02368 Ugandan Shilling
1 Philippine Peso = 0.02141 United States Dollar
1 Philippine Peso = 0.66894 Uruguayan New Peso
1 Philippine Peso = 62.49345 Uzbekistan Sum
1 Philippine Peso = 0.213 Venezuelan Bolivar
1 Philippine Peso = 479.1874 Vietnam Dong
1 Philippine Peso = 2.40311 Vanuatu Vatu
1 Philippine Peso = 0.0555 Samoa Tala
1 Philippine Peso = 12.63607 CFA Franc (BEAC)
1 Philippine Peso = 0.0578 East Caribbean Dollar
1 Philippine Peso = 12.63607 CFA Franc (BCEAO)
1 Philippine Peso = 2.29875 Pacific Franc
1 Philippine Peso = 5.32597 Yemen Riyal
1 Philippine Peso = 0.33649 South African Rand
1 Philippine Peso = 111.0897 Zambian Kwacha
1 Philippine Peso = 7.74706 Zimbabwe dollar

Pop culture, wealthy Chinese spur medical tourism in Asia

SEOUL - It is one of Asia’s fastest growing industries and shows no signs of losing steam even as the global economy wobbles.
 
Traveling abroad for medical treatment is now a multi-billion dollar business.
 
From a nip-and-tuck to a heart bypass, hospitals from India to Singapore and South Korea treat more than 1 million foreign patients a year -- lured by cut-price surgery, no waiting lists, cutting-edge technology, and highly trained doctors.
 
Industry experts predict medical tourism in Asia will grow at a rate of 15 to 20 percent a year, mainly due to the emergence of nouveaux riches in the region.
 
“Asian medical tourism ... seems to be increasing as affluence and mobility increase in Asia,” said David Vequist, head of the Center for Medical Tourism Research at the University of the Incarnate Word in Texas.
 
“Consumer choice is a powerful force now in healthcare and is impacted by ageing and increasingly heavier, sicker, and more needy populations in Asia.”
 
Medscape News web site has forecast medical tourism in Asia could generate $4.4 billion by 2014.
 
The United States provides the most patients, as Americans travel abroad to avert the astronomical costs of having private treatment at home. Typically, Americans can save 40-50 percent.
 
But there is a new patient on the operating table, and he or she is Chinese. Many of these patients are willing to spend what it takes to fix their problem.
 
“No matter how expensive it is, I will go for it,” says Liu Xiao-yang, 34, of Shanghai, after having double-eyelid surgery, a facelift and corrective jaw surgery in Seoul.
 
KOREA WAVE
 
The rise of an affluent class in China, and an infatuation with so-called Hallyu, or Korean Wave, culture from pop music to drama have spurred a sharp growth in South Korean medical tourism, mainly in the field of cosmetic surgery.
 
“Every time I watch South Korean drama and TV shows, I feel that they are pretty and I want to look like them,” says Liu.
 
Kim Byung-gun, a plastic surgeon at the BK DongYang Plastic Surgery Clinic in Seoul, says his patients have ranged in age from 6, for double-eyelid procedure, to a 70-year-old seeking a skin lift. On average, they spend $5,000-$10,000 per procedure.
 
“Medical tourism is going to be one of the growth engines of the South Korean economy,” Kim says, identifying the Korean Wave as a key contributor to the rapid growth of the sector in Asia’s fourth largest economy.
 
South Korean authorities have every reason to be optimistic about the growth of the industry, particularly in the field of elective cosmetic surgery.
 
CLSA Asia-Pacific Markets in a study released last month estimated that China would account for 60 percent of the rise in high net-worth individuals’ wealth in Asia over the next five years.
 
Chinese patients arrive in South Korea with photographs of Korean celebrities they want to look like, says Lee Soo-jung of the Lamar Plastic Surgery Clinic in Seoul.
 
Han Dong-woo of the Korea Health Industry Development Institute says the number of tourists coming to South Korea ballooned last year to nearly 82,000, generating about $700 million in revenues.
 
Three years earlier, fewer than 8,000 medical tourists traveled to South Korea. Han projects some 200,000 will come next year. By 2020, the South Korean government envisages a million medical tourists a year.
 
“I see an infinite growth potential in the plastic surgery market for foreigners,” says Han, who estimates operation costs in South Korea are about half that of the United States.
 
INDIA, SOUTHEAST ASIA
 
South Korea may be one of the fastest growing medical tourism destinations, but for now it lags far behind trailblazers Thailand, Singapore, India, Malaysia and even the Philippines.
 
They all have their own distinctive marketing strategies in an attempt to woo clients, as well as areas of specialization. Thailand and India, Asia’s leading destinations, specialize in orthopaedic and cardiac surgery.
 
India’s government says its medical services are cheaper than those in southeast Asia, and identifies its English-speaking doctors as providing a “major comfort factor”.
 
It has even introduced a special visa category to cater for the growing number of medical tourists.
 
Thailand sells itself as dual purpose destination where medical treatment can be combined with a cheap recuperative holiday. Bangkok was this year identified by TripIndex as the best value global city for U.S. travellers.
 
The Singapore healthcare industry positions itself as a “premium” centre. Among its patrons have been many of Malaysia’s sultans, as well as other high profile political figures and celebrities from Asia and the Middle East.
 
By next year, Singapore aims to treat a million foreign patients a year, generating about $3 billion for the economy, the Singapore Straits Times has reported.
 
Its area of expertise includes cancer treatments, cardiology and other specialised care. Like South Korea, it sees China, as well as India, as being the catalysts for growth.
 
Neighboring Malaysia, attracted nearly 400,000 medical tourists last year, and aims to increase that number to 1.9 million by 2020, mainly by way of undercutting Singapore.
 
A health official said costs in Malaysia are 30 percent cheaper than the city-state to the south.
 
The Philippines also sees itself as a cut-price destination, and is projecting the number of medical tourists to hit one million by 2015, generating at least $1 billion in revenue.
 
It targets patients from the United States, Canada, Taiwan and Japan.
 
“We can compete with the rest of Asia because we have an edge in providing high quality medical and dental services but at a much lower cost,” said Marie Recarro, an official at the Department of Tourism in Manila.
 
RISKS AND DOWNSIDES
 
Some experts, however, lament the rise of the medical tourism industry, saying it exacerbates a brain drain of talent from the state to the private system, from rural to urban areas.
 
A paper published in the International Journal for Equity in Health last year said specialists were being swayed by the higher wages and better technology of the private sector.
 
If the industry achieved even a fraction of its projected growth “this could ultimately lead to locals being priced out of their own health care system, as demand from foreign patients can drive up the costs of providing care for everyone”, it said.
 
Experts cite other concerns such as medical errors, lax follow-up care, and insurance, regulatory and ethical issues.
 
The World Health Organisation said in a report late last year that rapid development of medical tourism had presented “considerable implications for public health”.
 
It said that with the influx of foreign patients, the demand for and price of healthcare might rise. “In addition, an increasing number of health services might cater for the needs of foreign patients and neglect local needs,” it said.
Category: 
Rating: 
No votes yet
Twitter icon
Facebook icon
Google icon
LinkedIn icon
Pinterest icon
Reddit icon
Yahoo! icon
e-mail icon

Column of the Day

MTRCB has no say in live press conferences of Duterte

By ELLEN TORDESILLAS | May 30,2016
84 View(s) 0 Comment(s)
‘Parents must bear the responsibility if they expose their children to gutter language.’

Opinion of the Day

Omission or design

By AMADO P. MACASAET | May 30, 2016
82 View(s) 0 Comment(s)
‘Strangely his government, while promoting foreign investments  drove away a bird already in hand.’
 
thought