loader image

Jollibee counts 1,186 Philippine stores as it beats closest rivals

December 13, 2022



JOLLIBEE Foods Corp. (JFC) has recorded 1,186 stores to date and has grown bigger than the combined store count of its two closest competitors to make it the country’s top fast-food restaurant, its top official said.

“Now Jollibee here in the Philippines is bigger than its next two competitors, McDonald’s and KFC, combined,” JFC President and Chief Executive Officer Ernesto Tanmantiong said at a Makati Business Club event last week.

According to Mr. Tanmantiong, the number of Jollibee stores makes the Philippines “the only country where a local brand was able to compete with two global giants.”

JFC reported that this year, it opened 180 new stores globally and 50 new stores locally as of the second quarter. Last year, 313 new stores were opened internationally and 85 new stores locally.

“Since 2020, the majority of our store openings have been happening outside the Philippines. And we intend to continue this through 2022 and beyond as we aim for a 50-50 split between domestic and international sales,” Mr. Tanmantiong said.


Source: https://bit.ly/3fH1yiP


Next-gen tycoon upholds Ayala legacy of steward leadership

Next-gen tycoon upholds Ayala legacy of steward leadership

  For demonstrating “notable efforts to create a collective better future for stakeholders, society, future generations and the environment,” Ayala Corp., one of the country’s oldest conglomerates, was deemed worthy to be added to the inaugural Steward Leadership (SL)...

Pag-IBIG releases record P118 billion housing loans

Pag-IBIG releases record P118 billion housing loans

The Home Development Mutual Fund, commonly known as Pag-IBIG, has released a record P118 billion worth of housing loans last year for over 100,000 members.Pag-IBIG said home loans jumped by 21 percent to P117.85 billion in 2022, its highest home loan release since the...