Japan and South Korea are part of a complex and tightly linked supply chain that produces electronic goods such as smartphones and laptops.Technologyread more
A different oil pricing dynamic has been evolving with new supply calculations based on the U.S. as the world's largest producer.Market Insiderread more
The Massachusetts senator's alarm-sounding on consumer debt neglects to measure it against the growth in the economy and the ability to pay.Economyread more
Stocks in Asia Pacific edged up on Tuesday morning following overnight gains on Wall Street as the earnings season rolls on.Asia Marketsread more
More than half of Venezuela's 23 states lost power on Monday, according to Reuters witnesses and reports on social media, a blackout the government blamed on an...World Politicsread more
Equifax will give consumers a range of options for monitoring their credit or making claims of fraud or data misuse, part of a $425 million restitution fund.Technologyread more
The deal between the White House and Democrats was earlier expected to raise the debt ceiling for two years and permanently end the sequester.Politicsread more
Britain's Antstream is jumping into the cloud gaming battle with a streaming platform for retro titles. And Tencent just backed the company.Technologyread more
American comedian Hannibal Buress, who stars in "The Eric Andre Show," has made a recent transition into the world of business as an angel investor — but there's an important...How I Made Itread more
The deal could be announced as soon as next week, according to the report.Technologyread more
President Donald Trump held "constructive" discussions on a range of economic issues including trade and national security issues.Technologyread more
"Health care is going through a huge amount of change," Abrar Mir, Quadria Capital co-founder and managing partner, told CNBC's "The Rundown."
"Total health care spending in Asia today stands at about $1.3 trillion. By 2030, that's going to grow to about $4.3 trillion, so it's a very compelling investment case, growing at about 15 percent per annum," he added.
Quadria closed two multi-million dollar deals in June, the latest being a move into Franco-Vietnamese Hospital (FV Hospital) in Vietnam. The investment will be used to build diagnostic and treatment centers for selected specialties and to provide access to advanced care in central and south Vietnam.
FV Hospital also receives patients from neighboring countries of Cambodia, Laos and Myanmar.
"It was founded about 20 years ago by a group of very talented French doctors, and has now emerged as probably the leading platform for high-end critical care," Mir said, declining to reveal the size of the investment.
Vietnam is one of the fastest growing economies in Southeast Asia. With an expanding middle class and higher incidence of lifestyle-induced diseases, demand for health care has been on the rise, according to the firm.
Quadria also acquired a significant stake in MWH Holdings in June, the holding company for the Singapore Heart, Stroke and Cancer Centre.
"What's different about Asia is that the private sector has been playing the most significant role," said Mir.
"Out of every 10 new hospital beds being built in Asia, seven are being built by the private sector. The public sector for a long term has been under invested, and the World Health Organization suggests that there is something like $60 billion of health care [needed] each year, just to get Asia to a level of good health care competence. We've still got a long way to go."
Quadria has $ 1.5 billion in assets under management and investments in 15 countries across the Asia-Pacific region. Founded in 2012, it now claims the title as the largest health care focused private equity firm in Asia.
"For the first time, we think there is an ability to democratize health care and to bring good quality health care and affordable prices to people who need it the most," said Mir.