Philips seeks 33% of revenues from Asia

Philips seeks 33% of revenues from Asia

SINGAPORE: Electronics giant Philips is looking to Asia for 33 percent of its global revenues by 2008, with most of the growth from China and India, a top executive said in a published interview on Monday.

Asia currently contributes 25 percent of the gross global revenues of S$59.2 billion (US$34.8 billion), Andreas Wente, president and chief executive officer for the Asia-Pacific region, told The Business Times. -- DPA