Philips started out in Singapore with just four people in a small office in Battery Road, selling light bulbs. Fast forward 60 years, and the Dutch firm now boasts a sprawling regional hub in Toa Payoh, employing some 2,800 staff for research, product development, marketing and sales.
"Our development here closely follows Singapore's own economic growth story," said Philips Electronics Singapore country manager Wong Lup Wai. And the Singapore office, which hosts many key business units, continues to be a strategic hub of the region, he added.
The company's global development team for garment care, such as clothes irons, is based here, while its remote control unit here develops one in every seven remote controls Philips produces. Philips is also responsible for 90 per cent of the lighting of entertainment spaces in Singapore, including the Formula One race and the Singapore Flyer.
As part of its 60th anniversary celebrations, the firm has committed itself to raising $100,000 for three charities under the umbrella of the Community Chest - Lighthouse School, Lions Befrienders and Singapore Cheshire Home. It is also holding a contest for students to send in ideas on future living spaces in Singapore.
'Increased urbanisation and issues around sustainability and climate change will challenge policymakers, industry experts and grassroots leaders to develop increasingly innovative ways to create livable, sustainable urban spaces for the young and the old,' said Mr Wong.
Please click the attachment below to read the full article.