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F&B giant Jollibee Foods Corporation (JFC) has received approval from the Philippine Stock Exchange (PSE) to remove its 40 percent foreign ownership limit. The decision follows the company’s amendment request to its articles of incorporation, which also…
Singapore McDonald’s has faced online criticism after announcing a new charge for extra sauce tubs, set to take effect on Jan. 2, 2025. Customers will be charged up to 70 S$cents (US$0.52) for additional sauces beyond the standard portion for certain menu…
KFC Indonesia reported a net loss of IDR557.08 billion (over US$36 million) as of the third quarter of this year, resulting in the company’s closure of 47 outlets and sack of 2,274 employees. In its financial report, KFC Indonesia’s owner, Gelael and Salim…
Jollibee Foods Corporation has fully acquired Tim Ho Wan, taking over the remaining 8 percent of the Hong Kong restaurant business for SG$20.2 million (US$15.1 million). Since January this year, Jollibee has held a 92 percent stake at Titan Fund, the owner…
Bega Group has introduced a new appearance to its Dairylea-branded products, including the original slices and burger slices. Following the change, all Dairylea-branded product lines will have Bega-branded packaging. “Our same great tasting slices continue to…
Japanese-style burger chain Niku Niku Oh! Kome – owned by Japanese restaurant chain operator Monogatari Corporation – has launched its first outlet in Hong Kong as part of its broader expansion across Asia. Located in Sha Tin, the restaurant has 40 bar seats…
American fast food chain McDonald’s is set to close one of its oldest stores in Ho Chi Minh City. The Ben Thanh location in District 1, which opened in 2014, would stop operations at 2 a.m. Thursday, the chain said in a Facebook post without revealing the…
Wendy’s Philippines and Conti’s Bakeshop, run by Filippino businessman Dennis Uy, have been sold to a local entrepreneur. Uy has decided to sell his Eight8Ate Holdings company, which operates the two chains, to Crystal Jacinto. The sale comes after the…
McDonald’s Japan has selected Thomas Ko as its next president, following the departure of former chairperson Sarah Casanova. Ko has previously held leadership positions in the company. He joined McDonald’s in 2010 as director of consumer strategy for the…
Jollibee Singapore has opened its 20th location in Singapore – and its first in the city to feature a drive-thru service – at Caltex Jurong Spring station. “This milestone coincides with our 10th anniversary in Singapore, during which time we have expanded…
McDonald’s Korea has introduced voice-guided self-service kiosks at some of its Seoul locations, making it the first fast-food chain in South Korea to do so. They did this to make it easier for visually impaired customers to order. These special kiosks,…
Anew hipster burger joint is coming to Singapore at the end of July 2023. Called Honbo, it was founded in 2017 by former doctor Michael Chan, who named his eatery after the Cantonese name for hamburgers (‘hon bo bao’). The brand has since expanded to six…
The boss of major KFC franchisor in Australia, Collins Foods, still believes that the company’s quick-service Mexican food business Taco Bell can succeed in the Australian market despite the brand’s results hitting the group’s full-year profits. Revenue at…
Good Flippin’ Burgers has successfully raised $4 million in its latest Series A funding round, which Tanglin Venture Partners led. Viren DSilva, co-founder of Good Flippin’ Burgers said, “This investment is a significant milestone for us and will empower us…
South Korean chicken burger chain Mom’s Touch&Co. said Tuesday it inked a master franchise agreement with Mongolia’s Foodville Farm LLC, in its first steps to enter the central Asian country. Foodville Farm is an independent company established by the local…
South Korea’s first Five Guys burger restaurant is set to open in Gangnam, southern Seoul, by late June, its operator said Monday. The store, set to open in the bustling commercial district near Gangnam Station, will have up to 150 seats, according to…
