Philips to set up shop in Myanmar

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Philips1Dutch electronics group Philips plans to expand its consumer electronics and healthcare business in Myanmar, bolstered by the European Union’s recent decision to permanently lift sanctions against Myanmar.

“We can now look more specifically at local investments we want to make,” Harjit Gill, the company’s chief executive for the Asia-Pacific region, said.

Philips opened its first flagship consumer electronics store last month in Yangon, and is planning two more stores in the coming months.

The company is counting on raising demand for lighting solutions as well as home electronics and consumer goods such as irons and vacuum cleaners and the like.

Philips also hopes to spur forward Myanmar’s lagging healthcare sector, crippled by decades of poor funding under the country’s previous military government. Healthcare – particularly upgrading the 1,500-bed Yangon General Hospital – has been high on the priority list of the country’s government. Philips plans to embark on a training programme aimed at equipping hospital staff particularly those working in the radiology departments with the appropriate skills to man these machines.

 

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Reading Time: 1 minute

Dutch electronics group Philips plans to expand its consumer electronics and healthcare business in Myanmar, bolstered by the European Union’s recent decision to permanently lift sanctions against Myanmar.

Reading Time: 1 minute

Philips1Dutch electronics group Philips plans to expand its consumer electronics and healthcare business in Myanmar, bolstered by the European Union’s recent decision to permanently lift sanctions against Myanmar.

“We can now look more specifically at local investments we want to make,” Harjit Gill, the company’s chief executive for the Asia-Pacific region, said.

Philips opened its first flagship consumer electronics store last month in Yangon, and is planning two more stores in the coming months.

The company is counting on raising demand for lighting solutions as well as home electronics and consumer goods such as irons and vacuum cleaners and the like.

Philips also hopes to spur forward Myanmar’s lagging healthcare sector, crippled by decades of poor funding under the country’s previous military government. Healthcare – particularly upgrading the 1,500-bed Yangon General Hospital – has been high on the priority list of the country’s government. Philips plans to embark on a training programme aimed at equipping hospital staff particularly those working in the radiology departments with the appropriate skills to man these machines.

 

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