Dutch electronics firm bets on PH cooling market

MANILA, Philippines — Dutch consumer electronics brand Philips is entering the Philippine air-conditioning market, betting on rising demand for energy-efficient cooling amid year-round heat and high electricity prices. Moreover, Philips will sell its air-conditioning units in the Philippines through Mulson’s Trading Corp., its exclusive distributor. READ: DOE chief urges consumers to adopt energy conservation lifestyle “The Philippines is not simply a new market for us. Instead, it is a market where we are committed to investing, growing and succeeding together with our partners for the long term,” said Philips Air Conditioner CEO Wu Xiao Tu. Philips aims to tap the […]... Keep on reading: Dutch electronics firm bets on PH cooling market