BUSINESS – Twelve private hospitals for Burma from Indonesian giant

Indonesia’s Lippo Group are planning to open twelve state of the art hospitals in Burma, the corporation’s deputy chairman James Riady announced at the World Economic Forum in Jakarta on 20 April. The cost is expected to total US$400-500 million, and the hospitals will be privately run under the private Siloam Hospitals group, according to Indonesian press reports. James reportedly cited Burma’s large population and plentiful resources as reason for the investment.