Singapore – Royal Philips (NYSE: PHG, AEX: PHIA) today strengthened its commitment to improving the lives of people in ASEAN Pacific (APAC) with its new state-of-the-art Philips APAC Center in Singapore. The Opening Ceremony was attended by guests of honor, Mr. S. Iswaran, Minister of Trade and Industry (Industry), and H.E. Jacques Werner, Ambassador of the Kingdom of the Netherlands to Singapore.
Housed in Toa Payoh, at the same Philips site since 1972, the new 38,000-square-meter office building brings together Philips’ innovation and design expertise and business-creation capabilities to better serve the company’s business growth and address healthcare needs in the ASEAN and Pacific region.
“Today, the world faces significant healthcare challenges with an aging population, the rise of chronic diseases and global resource constraints that limit the access to quality healthcare,” said Ronald de Jong, Executive Vice President & Chief Market Leader, Royal Philips. “I am convinced that these can be addressed through new and more highly integrated care delivery models enabled by health technologies and new business models. It is vital that we innovate with our partners in a meaningful and locally relevant way.”