Philips' Frans van Houten
Media playback is unsupported on your device

Philips targets new directions in Asia

When you think of the brand name Philips, you probably think of consumer electronics and lighting.

But today, nearly half of the Dutch firm's business is focused on healthcare.

In fact, it's selling its home entertainment division and betting on new opportunities in Asia, where there's a growing aging population.

Ashleigh Nghiem asked the company's chief executive, Frans van Houten, about this push into Asia.

  • 11 Sep 2014
Go to next video: Family firms boost Indonesian wealth