Bling It On: Children Of Asia’s Richest Not Shy About Flaunting It

by Harper’s Bazaar Singapore

They live their lives online, and are not shy about showing off their precious toys and presence at exotic places that most other people can only dream about.

Meet the princelings and princesses of regional political and business leaders.

While in the past only their closest friends and family members got to see these lifestyles of the rich and famous, social media platforms now bring these bling bling images to everyone.

This gilded lifestyle became fodder for Malaysian newspapers two weeks ago, when they zoomed in on Ms Meera Alyanna Mukhriz, a granddaughter of the country’s former prime minister and now opposition leader Mahathir Mohamad.

The government-backed media showed her living what they said was a “celebrity lifestyle”, showing her wearing designer clothes, travelling on a yacht and holidaying abroad. She is the daughter of Mr Mukhriz Mahathir, former Kedah menteri besar who is also in the opposition today.

Apart from being easy prey for political attacks, these young people could perhaps also be more circumspect about what they show off to the public.

In Malaysia, where many Muslims are turning deeply conservative, Instagram pictures by TV personality Rozita Che Wan lightly kissing her husband Zain Saidin at Paris’ Eiffel Tower in 2014 and on Greece’s Mykonos island in 2016 led to dozens of angry comments. She said she had to block hundreds of these netizens from her account.

In Indonesia, a tweet in August of a picture of a Koenigsegg – a Swedish sports car – by a friend of local celebrity Raffi Ahmad described the car as Raffi’s new ride.

In response, a tweet from the account of the Directorate-General of Tax said: “Please inform Raffi to report on his annual tax filing if he has new asset.”

Here are some other children of prominent people who like to post on their eye-catching adventures.

1. CHRYSEIS TAN

Ms Chryseis Tan, daughter of Malaysian tycoon Vincent Tan of the Berjaya group. Photo: Instagram

Daughter of tycoon Vincent Tan of the Berjaya group.

Chryseis often documents her travels through Instagram stories.

The heiress is chief executive of Berjaya Times Square, a giant shopping mall in Kuala Lumpur. Forbes valued her father Vincent Tan, one of Malaysia’s most recognisable tycoons, at US$820 million (S$1.1 billion) this year.

Chryseis was recently engaged to Mr Faliq Nasimuddin, 32, a son of the founder of large Malaysian conglomerate the Naza Group.

She had her pre-wedding photoshoot in Venice. Dressed in a Monique Lhuillier gown, her photos were taken by Greg Finck, one of the top wedding photographers listed by Harper’s Bazaar.

She celebrated her 29th birthday last month in Venice, with dinner in an emptied-out hall at the Aman Venice, where George Clooney tied the knot with Amal Alamuddin.

2. ISABELLE DUTERTE

Ms Isabelle Duterte with her $4,200 Celine bag, in one of many posts showing her with her expensive, designer accessories. Photo: Instagram

Granddaughter of President Rodrigo Duterte

Isabelle, 17, stirred a hornet’s nest when she posted on Instagram photos of herself in expensive, designer garb as her father was being investigated over 6.4 billion pesos (S$170 million) worth of smuggled methamphetamine.

The teenager is the daughter of Davao Vice-Mayor Paolo Duterte, 42, the elder of President Rodrigo Duterte’s two sons. Davao is located in Mindanao and is also the home city of President Duterte.

Paolo’s name came up in testimony given in August to the Senate by a Customs “fixer” being investigated for allegedly facilitating a shipment of 604kg of crystal meth in May. Paolo has professed his innocence.

While this was happening, Isabelle posted the photos that showed her with a US$3,100 (S$4,200) Celine bag and donning a US$750 pair of Chanel ballerina flats. She has another Celine bag, worth about US$2,700, and US$620 Gucci Ace sneakers.

Critics say the photos betray a legacy of ill-gotten wealth while supporters have told the critics to leave the girl alone.

Isabelle has managed to parlay the attention into a career in show business.

3. RICHARD MULJADI

Mr Richard Muljadi, a grandson of Indonesian entrepreneur Kartini Muljadi, astride his two red Ferraris. Photo: Instagram

Grandson of entrepreneur Kartini Muljadi

Lawyer-turned-entrepreneur Kartini Muljadi was the only Indonesian woman in Forbes Indonesia’s 2016 50 Richest individuals, with a net worth of US$760 million (S$1 billion). Her family controls listed pharmaceutical firm Tempo Scan Pacific.

Her grandson Richard, 29, regularly shows his audience how some of that money was spent.

In one picture, he is standing astride two red Ferraris.

A short video highlights how he spends a day at home, showing him starting the engine of his red Porsche 911 Carrera, then his yellow Lamborghini, before cruising around his swimming pool in a Yamaha WaveRunner jet boat.

In another photo, Richard shows he has not one, but two, vintage watch collectors’ items – the 1970s Rolex Military Submariner.

He is married to former model and actress Shalvynne Chang, 27.

4. ROBBIE ANTONIO

Mr Robbie Antonio with his friend Lenny Kravitz at the Art Basel Miami Beach show in 2015. Photo: Instagram

Scion of Century Properties

Robbie, 39, is the son of Century Properties’ owner Jose Antonio who is a business partner of US President Donald Trump.

The property scion is friends with Mr Trump’s children Ivanka, Eric and Donald Jr. Those ties have led to a US$150 million (S$200 million), 57-storey, Trump-branded tower in Manila.

In 2013, Robbie commissioned Dutch architect Rem Koolhaas to build him a US$15 million Manila home to house a museum for his art collection, including a series of 35 portraits of himself by some of the world’s top contemporary artists, dubbed in a Vanity Fair story as his “Museum of Me”.

While Robbie keeps a low profile on social media, his Instagram account has him posing with celebrities he considers close friends, such as Adrien Brody and Lenny Kravitz. He has also been photographed with Paris Hilton, who designed an artificial beach for him, and, of course, with Mr Trump.

The self-promotion and networking are part of a successful business model that Century Properties has latched on to. It builds luxury properties and has celebrity partners like Ms Hilton.

5. NORASHMAN NAJIB

Mr Norashman Najib at the Victoria’s Secret Fashion Show in Shanghai last week. Photo: Instagram

Son of Prime Minister Najib Razak

Victoria’s Secret Fashion Show in Shanghai last week created a stir amid reports that several models had been denied entry into China.

One person unaffected was Mr Norashman Najib, 27. The son of Malaysian Prime Minister Najib Razak had a seat at the show which featured models in scintillating lingerie.

He also posted a selfie with one of the models, Josephine Skriver.

His fashion show buddy? Singapore’s Kishin RK, heir of property giant RB Capital.

Ashman, as he is known to friends, is well known to social media users.

He frequently documents his love for music on Instagram.

But most posts show him trailing his father on official business trips, including the ministerial meeting with US President Donald Trump in September.

This article originally appeared in The Straits Times. 

These 5 Trends Are Changing The Construction Industry

by MarketLine

Long regarded as being averse to change, the construction industry is entering a period of substantial adjustment.

How construction companies operate in the near future will be very different.

Prefabricated construction is now being used to erect high-rise buildings, and Chinese companies are setting speed records in modular building techniques.

Sophisticated technology appears set to change the modern building site. 3D printing means complex components can be made much cheaper and quicker than ever before.

Building Information Modeling (BIM) is now providing opportunities to eradicate costly errors and integrate changes in building design before construction even begins.

Construction companies are finding harnessing the potential to be highly beneficial.

Consolidation in the construction industry will continue due to the pressing need to take advantage of economies of scale.

Green buildings are growing in popularity and have government backing. Mastering the use of natural materials will soon be an important trait of leading construction firms.

1. Prefabricated buildings are gaining in sophistication and popularity

Prefabricated buildings are growing in popularity as construction companies, buyers and governments seek lower costs. No longer limited to single-story buildings, prefabricated construction is now used in high-rise housing blocks.

Desirability of prefabricated homes has soared of late and is predicted to grow in popularity. Designer prefabricated homes are changing perceptions. Revolution Precrafted, a Filipino start-up, was recently valued at over $1bn after succeeding in selling innovative designer prefabricated houses.

Factories are now capable of creating homes too, enabling Japanese companies to successfully produce homes to a low cost – a capacity that provides important competitive advantages.

2. Technology is changing construction methods – leading companies must keep up

3D printing has found a home in construction. Complex molded components can be produced far quicker and at a much reduced cost than was previously possible.

Such technology can already lay claim to have created a bridge and been responsible for dramatic cost savings on major infrastructure projects, making it attractive to construction firms.

Robotic technology is predicted to vastly improve efficiency. Capable of laying 3,000 bricks in a day, the Semi-Automated Mason marks an important development in automation for the construction industry which the industry must accommodate.

3. Building Information Modeling (BIM) is changing how buildings are planned

Building Information Modeling promises a joined up approach to building design which will benefit the construction industry by eliminating design problems and integrating changes at an early stage, preventing costly over-runs on building sites.

Keeping ahead of legislation is of growing importance. Governments around the world are imposing rules on use of BIM, making it commonplace.

Globally the trend is towards greater use; however, some areas such as Hong Kong have been slow in adapting.

4. Long fragmented, construction could soon consolidate further

The construction industry is relatively fragmented; most workers in the US work for small companies. Consolidation has been a growing trend and will likely feature more prominently in the near future.

Creating larger entities will be essential. Large Chinese companies have entered the industry, buying up smaller rivals; to compete successfully existing players need to take advantage of economies of scale.

5. Green buildings: A growing global construction trend

Due to increasing concern about environmental sustainability, the construction industry will make greater use of green materials in the near term. Large buildings made from timber are now possible.

To take advantage of the opportunities greener materials provide, construction companies must become more adaptable in the type of building they are capable of erecting.

Not only is the design of buildings forecast to become more sustainable but the means of construction will too. Intelligent lighting systems and improved planning on power generation will reduce environmental damage.

Philippines’ First $1 billion Startup Hopes To Inspire Entrepreneurs

by Cathy Yang and Jessica Fenol, ABS-CBN News

https://www.instagram.com/p/Ba53QZoDbBJ/

MANILA – The founder of the Philippines first “unicorn” or $1 billion startup said he hoped his success would inspire more Filipino entrepreneurs to think out of the box.

Revolution Precrafted, builder of designer modular homes, is led by Jose Roberto Antonio, one of the heirs of luxury developer Century Properties Group.

“I hope that inspires Filipino entrepreneurs, brilliant minds out there. Hopefully in our own little way, the company inspires some people going forward,” Antonio told ANC on the sidelines of the ASEAN Business & Investment Summit.

Antonio said he had to be “flexible” with pricing in Southeast Asia to lure more buyers.

“The house is still the biggest purchase of a human being, our business plan is to really establish formidable joint ventures with local business people, developers to streamline business further,” he added.

At Revolution, homes can be built from 3 months to 2 years using advanced robotics, he said.

Read More:  ASEAN 2017   ASEAN Business and Investment Summit  

Meet Philippines’ First Unicorn Startup

by Adelaida Salikha, SEASIA

The Philippines has hit a huge milestone: it just got its first unicorn startup.

Revolution Pre-crafted, a developer of prefabricated designer homes, has raised its series B round co-led by Singapore’s K2 VC, valuing the company at over US$1 billion, according to two sources familiar with the deal.

That makes Revolution – which is just about to turn two years old in December – one of, if not, the fastest to achieve billion-dollar status in Southeast Asia, one of the sources said and this was confirmed by Tech in Asia data.

The Billboard House Rendered | Revolution PreCrafted

The startup’s new prominent investor K2 was founded by venture capitalist Ozi Amanat, who’s known for his investments in Alibaba and Twitter before their public offerings.

K2 counts several unicorns in its portfolio – Spotify, Magic Leap, Paytm, and Palantir.

“Large international family offices have participated in the round as well,” the other source stated. We’ve reached out to Revolution and K2 for their statements.

It is a rare breakout story for the Philippines’ nascent technology scene where startup programs and policies, as well as funding are yet to catch up with neighbor markets.

“We need more success stories like Revolution to inspire other young people to take a risk and start their own companies,” said Butch Meily, president of Filipino incubator-accelerator Ideaspace and Qbo Innovation Hub.

The man behind the startup, Robbie Antonio, belongs to one of the Philippines’ wealthiest families that has built its fortune in real estate.

Robbie Antonio | Revolution Precrafted.

A voracious art collector, Antonio is the brains behind billions worth of his family’s projects done in collaboration with big names such as Forbes Media, Armani/Casa, Versace Home, Paris Hilton, and the Trump group.

He’s turned to entrepreneurship to make designer homes accessible to more people.

His company sells prefab homes conceived by world-renowned architects and designers like Zaha Hadid, David Salle, Tom Dixon, and Marcel Wanders. The homes are priced at an average of US$120,000. They can be ordered from the company’s site and shipped anywhere in the globe in at least 90 days.

Bamboo Pavilion Rendered | Revolution PreCrafted
BLOCK Rendered View | Revolution PreCrafted

It had booked US$110 million in orders and just raised a US$15.4 million round from investors like 500 Startups, which fought hard to get into the deal. “The company didn’t need to raise. I had to convince them to take my money for value-add, not cash,” 500 managing partner Khailee Ng previously said.

“This is truly a milestone for the Philippine startup ecosystem. Hopefully, this will put us on the map as a country able to produce intellectual property and product-based technologies,” said Jojo Flores, co-founder of accelerator Plug and Play. “I’m also expecting this event to unleash some of the investment capital from traditional brick and mortar businesses to our tech startups and our corporations to begin integrating startups into their businesses.”

“This achievement is a clarion call to the first, second, and third generation families invested heavily in the Philippines to look closely at how they can innovate in their present markets and open up new markets and segments for themselves,” commented Paul Pajo, co-founder of Smart Developer Network, a developer community program in the Philippines.


Source : TechInAsia, http://news.abs-cbn.com/business/11/14/17/philippines-first-1-billion-startup-hopes-to-inspire-entrepreneurs

A look At Trump’s Business Associates Across Asia

by Daily Mail Online

President Donald Trump has temporarily put his sons in charge of his company, but the Trump Organization still does business abroad. That has prompted questions about whether that might influence Trump’s official decisions.

A look at some of his business partners and contacts in Asia, where he is winding down a five-nation trip:

In this March 2, 2017 photo, Filipino Jose E.B. Antonio, chats before the start of a forum at the Manila Polo Club in the financial district of Makati, Philippines. Trump’s partner in a Philippines venture, Jose E.B. Antonio, was named a “special envoy” to the U.S. by Philippine President Rodrigo Duterte on Oct. 28, less than two weeks before the November 2016 U.S. election. Antonio is chairman of Century Properties Group Inc., which partnered with Trump for the branding of the posh Trump Tower in Manila’s Makati business district. (AP Photo/Aaron Favila)

PHILIPPINES

Trump’s partner in a Philippines venture, Jose E.B. Antonio, was named a “special envoy” to the U.S. by Philippine President Rodrigo Duterte on Oct. 28, less than two weeks before the November 2016 U.S. election. Antonio is chairman of Century Properties Group Inc., which partnered with Trump for the branding of the posh Trump Tower in Manila’s Makati business district.

The $150 million, 57-story tower was quietly turned over to unit owners earlier this year. The muted opening contrasted with the project’s high-profile 2012 groundbreaking rites, when Trump’s sons Donald Jr. and Eric posed for cameras in Manila, smiling and holding shovels.

Antonio rose from modest beginnings but has been listed along with his son Robbie Antonio by Forbes magazine as the Philippines’ 28th-richest family, with a combined net worth of over $400 million in 2017. Paris Hilton, Versace and Armani are among Antonio’s other rich and famous business partners. The businessman has said he has known Trump for many years and his son Robbie is described on his company’s website as “a good friend of the Trump family.”

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CHINA

Trump has met plenty of Chinese entrepreneurs, but his biggest friends in China in financial terms are state-owned banks and companies. Industrial & Commercial Bank of China Ltd., the world’s No. 1 commercial lender by assets, is among the biggest tenants of Trump Tower in Manhattan. Its lease ends in 2019, which has prompted questions about how a sitting American president’s family company will negotiate new terms with a bank controlled by the Chinese Communist Party.

Trump’s partners in Trump World Golf Club Dubai in the Persian Gulf awarded a $32 million contract to China State Construction Engineering Corp. to build the project in a deal reported in September by McClatchy. That prompted questions about whether the Trump Organization was honoring its pledge not to do business with foreign governments.

In the private sector, Jack Ma, founder of Alibaba Group, the world’s biggest online commerce company by total sales, was among the stream of Chinese business leaders who visited Trump Tower in Manhattan to meet the president following his election.

The Kushner Cos., the family company of Trump’s son-in-law Jared Kushner, cut short a sales campaign in China after a Chinese businesswoman, Ding Ying, was linked to an effort to attract investors in exchange for U.S. visas that advertised ties to the “Trump Family.”

Anbang Insurance Group Ltd., one of China’s biggest insurers, discussed possibly investing in a Manhattan skyscraper owned by Kushner Cos. Those talks ended in March without a deal.

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JAPAN

Masayoshi Son, Japan’s richest man and the chief executive and founder of Softbank Group Corp., was quick to visit Trump after the 2016 election and to promise $50 billion for investments in U.S. startups that he said would create 50,000 jobs. After the meeting in Trump Tower, the then-president-elect praised Son as a “great man of industry.”

Son, 60, said he had visited Trump to “celebrate his new job,” adding, “Because he said he would do a lot of deregulation, I said, ‘This is great, the U.S. will become great again.'”

A Japanese of Korean ancestry who graduated from the University of California, Son has won both criticism and accolades as a daring investor who has gathered partners in diverse technology sectors from around the world, and has been likened by some to billionaire investor Warren Buffett.

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INDONESIA

Billionaire Hary Tanoesoedibjo founded his own political party and had ambitions to run for Indonesian president in 2019, but now says he’ll support current President Joko Widodo. His company is building two resorts in Indonesia – one in Bali and the other in West Java – that Trump’s business is involved with through management and licensing deals.

Usually known as Tanoe, the 52-year-old tycoon is the founder of the media and real estate conglomerate MNC. He has been dogged by a criminal investigation this year into accusations that he sent threatening text messages to a deputy attorney general who was investigating a tax case involving an MNC company.

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MALAYSIA

Malaysian property developer Tiah Joo Kim, whose father is one of the Southeast Asian country’s wealthiest businessmen, licensed the Trump brand for a hotel and condominium tower in Vancouver, Canada, before Trump’s political ascent. Trump’s sons Donald Jr. and Eric attended the opening in March for the gleaming, 69-story building, where a one-bedroom apartment at 699 square feet (65 square meters) starts at around $1 million.

In an interview with The Associated Press just before the hotel’s opening earlier this year, Joo Kim said he found Trump’s statements about Muslims, Mexicans and women “extremely stressful.” ”I did a lot of soul-searching because people were attacking me for it,” he said.

Joo Kim, 37, is the son of tycoon Tony Tiah Thee Kian, a staunch Christian who built his fortune in stockbroking in the 1990s before expanding into real estate. Groomed to inherit the family business, Joo Kim last year was appointed CEO of its property arm TA Global. He also runs the Canadian-based Holborn Group. Raised in Kuala Lumpur, he studied at Oral Roberts University in Tulsa, Oklahoma, and earned a master’s degree in international business at Macquarie University in Sydney.

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Associated Press writers Elaine Kurtenbach in Tokyo, Teresa Cerojano in Manila, Philippines, Joe McDonald in Beijing, Stephen Wright in Jakarta, Indonesia, and Eileen Ng in Kuala Lumpur, Malaysia, contributed to this report.

FILE – In this Jan. 9, 2017 photo, then President-elect Donald Trump stands with Alibaba Executive Chairman Jack Ma as they walk to speak with reporters after a meeting at Trump Tower in New York. Jack Ma, founder of Alibaba Group, the world’s biggest online commerce company by total sales, was among the stream of Chinese business leaders who visited Trump Tower in Manhattan to meet the president following his election. (AP Photo/Evan Vucci, File)
FILE – In this Tuesday, Dec. 6, 2016, file photo, then President-elect Donald Trump, left, accompanied by Softbank CEO Masayoshi Son, speaks to members of the media at Trump Tower in New York. Japan’s richest man Son was quick to visit Trump after the 2016 election and to promise $50 billion for investments in U.S. startups that he said would create 50,000 jobs. After the meeting in Trump Tower, then-President-elect Trump praised Son as a “great man of industry.” (AP Photo/Andrew Harnik, File)
FILE – In this Jan. 14, 2017, file photo, Media Nusantara Citra (MNC) Group President and CEO Hary Tanoesoedibjo gestures during an interview with The Associated Press in Jakarta, Indonesia. Billionaire Hary Tanoesoedibjo founded his own political party and had ambitions to run for Indonesian president in 2019, but now says he’ll support current President Joko Widodo. His company is building two resorts in Indonesia – one in Bali and the other in West Java – that Trump’s business is involved with through management and licensing deals. (AP Photo/Achmad Ibrahim, File)
FILE – In this June 19, 2013, file photo, Donald Trump gives a thumbs-up as he poses with Tiah Joo Kim, left, CEO and president of Holborn Group, upon arrival to announce the building of Trump International Hotel and Tower Vancouver in downtown Vancouver, Canada. Malaysian property developer Joo Kim Tiah, whose father is one of the Southeast Asian country’s wealthiest businessmen, licensed the Trump brand for a hotel and condominium tower in Vancouver, Canada. Trump’s sons Donald Jr. and Eric attended the opening in March for the gleaming, 69-story building, where a one-bedroom apartment, at 699 square feet, starts at around $1 million. (Jonathan Hayward/The Canadian Press via AP, File)

‘Revolution’ In Housing: DOST Taps Firm For New Prefab Technology

by Jovic Yee, Philippine Daily Inquirer

Houses that can be built in days, not years.

The government has partnered with a $1-billion local company in a bid to turn the country into a leader in prefabricated houses.

The partnership was sealed on Friday between the Department of Science and Technology (DOST) and the private firm Revolution Precrafted which aims to develop new technology that would make the Philippines a hub for prefabricated houses, especially in Southeast Asia.

Carlos Primo David, executive director of the DOST’s Philippine Council for Industry, Energy and Emerging Technology Research and Development, said since Revolution is a Filipino brand, science officials want to help provide the technological know-how in the prefab industry that would bring not only economic benefits, but also “create a positive societal impact.”

David said Revolution may yet disrupt “the entire construction and housing industry” in a positive way so DOST researchers “would figure out what we can do and how we can help.”

Global brand

“We want this global brand to be truly Filipino, not only in terms of concept but also in the materials used and the research and development that go with it,” David said.

Founded by Robbie Antonio in 2015, Revolution is the Philippines’ first unicorn startup, which means that it was already valued at over $1 billion. The company specializes in providing prefabricated designer houses that can be shipped to anywhere in the world in 90 days.

Despite the company’s achievements, David said there’s still room to grow for the prefab industry, like materials that can be used for prefab, low-cost houses.

New products

Research on these materials are essential to Revolution, according to Antonio. He said his company is looking at how to help the government rebuild communities ruined by storms, like Tacloban City, or wars, like Marawi City, with the use of prefab technology.

In the coming months, David said the DOST would either fund or cofund projects to create products which the industry could use. One of the projects in the pipeline is the curved fiber cement board that is currently available only in straight slabs in the market.

Asked about Revolution’s plans since it currently gets its materials from India and Malaysia, Antonio said the company would soon put up a plant in the Philippines which would use technology developed by DOST scientists and university researchers.

With the help of the DOST, Antonio said his company hopes to build a “plant that is so advanced.”

David said although the Philippines “missed the boat for so many technologies in the past,” the DOST was making sure it was part of Revolution’s concept.

He, however, warned of imitation products in the future. “If this catches on, there would be copycats everywhere. Since this is a Filipino brand let’s do our part to protect it,” David  said.

 

DOST Partners With Revolution Precrafted To Showcase World Class R&D In Construction Technology

by DOST-PCIEERD

Revolution Precrafted, the country’s first unicorn and the trailblazer for local start-ups, combines world-renowned designers and the latest advances in construction technology to deliver designer, custom homes at five times the speed and nearly half the cost to property developers and landowners. This winning business model may just expand further through Revo’s recent partnership with the Department of Science and Technology (DOST) which brings with it a network of researchers in materials science and construction engineering. With an army of researchers on Revo’s side, novel construction methods and materials will find their way in Revo’s homes.

Revo states that, “Now is the time to showcase Philippine ingenuity through research and development on construction materials on the world stage”. DOST-PCIEERD on the other hand says, “We’d like to build on the early success of Revo and improve further this global product through innovative materials developed through the interaction of Revo and DOST scientists and engineers.”

Founder and CEO of Revolution Precrafted, Robbie Antonio is regarded by many as the face of the start-up scene in the Philippines and disruptor of traditional brick and mortar businesses. This dynamic and pioneering relationship with DOST enables policies, programs and strategies to be developed. Their shared mission is to implement the optimal utilization, transfer and commercialization of technologies and research outputs. DOST-PCIEERD Executive Director Carlos Primo C. David emphasized that the partnership provides a venue for the exchange of ideas on products for development and leads the way to innovation, research and development in the industry.

Exclusivity, efficiency and versatility are realized by taking advantage of advanced and new materials, products and processes suited for prefabricated exteriors and interior panels, prototypes, and to create systems for faster assembly. The marriage of art and technology is made possible by connecting preeminent architects, artist and designers with a network of scientists, researchers, tech firms and start-ups in the Philippines.

With the sharing of the innovation, the DOST is providing its entire research force in creating innovative materials for use in these bespoke structures. The Revolution Precrafted collaboration is the first step to pioneer design democratization. Now, the creation, research and development of technologies for prefabricated materials allow accessibility to the world’s best architects at an affordable price.

Revolution Precrafted aims to be the structure supplier of choice in the world with a vision of filling the need and fulfilling everyone’s dream of having a home. “Quality, value and beauty of design should be available for all. We can accomplish this as we leverage on cutting edge research and technology”, as stated by the company.

There will be dedicated funding for research and development activities that will contribute to the economic and industrial development of the country. As the first unicorn start up in the Philippines, Revolution Precrafted is proof of concept that technological innovations, research and development can improve operations and boost productivity and competitiveness.

Overall, the partnership contributes to DOST’s long term vision as a provider of world-class scientific, technological and innovative solutions for the economic and industrial development of the Philippines.

Source: http://pcieerd.dost.gov.ph/news/latest-news/295-dost-partners-with-revolution-precrafted-to-showcase-world-class-r-d-in-construction-technology