Friday September 3, 2010
Demand for traditional Chinese medicine on the rise in S’pore
SINGAPORE: Singapore’s appetite for traditional Chinese medicine leapt during the global recession even as other countries’ demand was dampened during this period.
According to the Chinese Xinhua news agency, the total value of imports of medicine, health supplements and related products such as ginseng and chicken essence went up from S$1.1bil (RM2.5bil) in 2007 to S$1.6bil (RM3.1bil) last year.
This is a 45% increase for imports that come mostly from China while the rest are from China’s Taiwan and Malaysia.
Figures obtained by the Singapore Traditional Chinese Medicine Organisations Committee from its counterparts in China indicate that products imported from China leapt by 74% since 2007.
The demand has grown steadily since the start of the decade, when more stringent industry regulations in China and Singapore kicked in and boosted consumer confidence. – Bernama
Source:
- Myths and facts of London living
- MBPJ outlet found to be dirty and food handlers not innoculated
- Power usage goes up in Klang Valley
- Heineken scores high in Champions League party
- Drink more milk, M’sians urged
- Rejuvenating body and soul
- Jambulians step to the fore
- Master strokes in 1992
- Saturday Events
- Razif: 1992 Thomas Cup winning team had all-round depth
- Contest challenges artists to interpret Internet and social media
- Engineer on a green mission
- Residents' high expectations come to nothing
- Show of gratitude
- Horrific bus plunge
- Doctoring Korean-made cars
- Pakatan seat allocation for Kedah ready mid-June
- Lawyer: Cancer mum stole after becoming forgetful
- Jambulians step to the fore
- Vanessa bags double honours
- DBKL Joint Council against plans to privatise Cheras crematorium
- Bank tower sale sets record in Canada's hot office market
- In need of better public transport
- Power usage goes up in Klang Valley
- LRT station carpark closed
- Felda settlers have 5,000 reasons to smile
- Green developers to be rewarded
- Residents' high expectations come to nothing
SEARCH ALLMALAYSIA.INFO TRAVEL PACKAGES
RSS
