Singapore doctor becomes billionaire on Covid vaccination drive

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Loo Choon Yong, executive chairman of Raffles Medical Group, is now worth US$1.1 billion.

By Yoojung Lee

Raffles Medical has been operating 15 vaccination centers in the city-state, and helping with air-border screening, pre-event testing and pre-departure swabbing of cruise passengers. It’s the latest example of how businesses adapted during the coronavirus outbreak when other lines of work were hit. “The fact that Raffles Medical is one of the largest health-care providers in Singapore meant that they were able to assist in more ways than one,” said Wee Kuang Tay, an analyst at CGS-CIMB Securities Singapore Pte. Their involvement “has benefited them,” he said.

“During the Covid period, patients get worried and try to stay home,” he said. “You don’t want to go for health checkups and pick up Covid.”

 

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Making money from pandemic! 黑心钱? 没屁眼! Well, he is not the only one. ChannelNewsAsia allsgstuff straits_times MothershipSG

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