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6 www.hello-philippines.com BUSINESS & FINANCE September 2017 – No. 17 • UK & Europe Edition
STERLING GROUP GOES INTO E-COMMERCE WITH ACQUISITION
OF GALLEON.PH, APPS DEVELOPMENT OPENOVATE LABS
MANILA – The Sterling Group to purchase and be delivered to where Tech pivotal growth area: Henry future, whatever constructive criticism
has ventured into e-commerce with you live. What’s good with it is unlike Lim. Sterling Chairman Henry Lim Bon From left, Sterling Vice President Michelle Lim Gankee, we can give to a prospective company
its acquisition of online shopping site other online shopping services, you Liong sees the technology sector as a Chairman Henry Lim, Corporate Officer Hazel Lim, and so that they can rectify their wrong.
Galleon.ph and apps development firm may pay the product that you order pivotal growth area. Sterling model Pauline Lim. Handout photo Who knows, we’ll be interested to invest
Openovate Labs. COD (cash on delivery) right on your in the future?” Lim said.
doorstep. You may choose not to pick it “We’re looking at e-commerce as The economy is growing, so we
Galleon.ph, a local version of up at the store,” said Gankee. one of driving force in growing the would like more entrepreneurs to join The Sterling chairman said that the
Amazon, boasts of selling more than Philippine economy,” he said. the system. It will solve the employment batting average for entrepreneurship
500,000 products which can come from More than just offering convenient problem of the nation. If there are more success is just at 12%.
anywhere outside of the Philippines, but systems of buying imported goods The technology business is not entrepreneurs, then there will be more
efficiently serves the Philippines’ 100 or finding a job, Sterling said the new to Sterling. “Since 1998, we have corporations,” he said. “If there are 100 people, 88 will fail.
million population through convenient new investments indicates its group’s already invested into e-commerce. But That’s why we have mentors so we
payment system and delivery. commitment to opening up more there wasn’t Smartphones yet at the Not everybody can be an can try to increase the survival rate of
jobs generation opportunities for the time. It was premature for us when we entrepreneur, but more people can be entrepreneurs to at least 25 percent,”
“Galleon.ph already receives Philippine economy. first entered it,” said Sterling Group trained, he pointed out. Lim said.
240,000 visitors per month,” according Chairman Henry Lim Bon Liong.
tp Sterling Vice President Michelle Lim “We are importing here a Filipino “If we can be an investor in a Sterling also sees economic growth
Gankee. tech person who has lived out his career The acquisition further diversifies company, I will invest. But if I don’t as an opportunity for the Sterling Group
in the Silicon Valley environment, but the company’s industry base from its think a proposal is viable, then we can to expand.
Meanwhile, the buyout of Openovate who really wishes to stay here in the primary investments in paper product be mentors. We can give aspirants some
affords Sterling a hand into Jobayan.ph, Philippines,” said Gankee. manufacturing, notebooks, rice, and points on how to be successful in the “As an entrepreneur in the Philippines
which has a tagline “Job Hunting Without industrial/residential real estate identifying businesses, I have never
a Hassle.” It is a Jobstreet.com-like jobs As brain drain has been a decades- development sectors. seen the economy, the GDP growing
exchange site, with 10,000 resumes in its long concern for government authorities this much in the last 2-3 years at 5 to
database – all available for a minimal fee with the departure particularly of highly Lim said Sterling aims to be 6% growth. We are looking forward
on a per download basis. paid technology professionals, Sterling part of the bigger goal of boosting to the remaining administration years
hopes to be part of the advocacy of entrepreneurship. Lim has been a of President Duterte, and we’re seeing
It also goes with Salaaap, an online reversing the exodus phenomenon into mentor-investor in the reality business higher growth in the next few years to
product search system. “brain gain.” pitch program “Final Pitch” shown on come,” Lim said. n InterAksyon | August 26,
History Channel.
“It crawls the web for products ready 2017, 3:11 PM 
