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The Philippines’ SM Group is quickly transforming its beauty and wellness portfolio in response to a surging demand from consumers across the nation. With an ambitious aim to be at the forefront of this booming sector, SM Beauty has introduced over 1,000…
The Philippines is witnessing an exciting technological leap as leading telecommunications operators PLDT and Globe Telecom embark on trials and initial deployments of Taara, a cutting-edge laser internet system developed by Google’s ambitious X Moonshot…
The hospitality landscape in Metro Manila is brimming with potential as the market anticipates the addition of approximately 3,000 new hotel rooms by the end of 2025. According to a recent report from JLL, hotel occupancy rates are currently strong, yet this…
SM Investments Corporation (SMIC) is on a mission to reshape the retail landscape in the Philippines by transforming malls into vibrant experience hubs. With millennials and Gen Z leading the charge for prioritizing experiential engagement, SMIC is ramping up…
The Philippines-headquartered restaurant group Jollibee Foods plans to have 10,000 eateries globally this year, with a focus on North America. The company, known for its fried chicken Jollibee chain, eyes to invest PHP18-21 billion (US$312-364 million) to…
has opened its first location in the Philippines at Manila’s Parqal Mall. The two-story restaurant seats 90 guests and features a full bar and table service, blending Texas-style barbecue with Filipino flavours. The menu includes Dickey’s signature…
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…
Jollibee, the largest and most popular fast food chain in the Philippines, is re-entering the Guam market with the ongoing $2 million construction of a restaurant within the Micronesia Mall compound in Dededo. The restaurant is expected to open by early 2019.…
Celebrity siblings Maxene and Elmo Magalona have opened a Milky & Sunny restaurant near their home network ABS-CBN in Quezon City. “This is actually our third branch,” says Elmo. “The first one was in Kapitolyo and the other in Pangalawa near Greenbelt.”…
In $100 million deal, Jollibee Foods Corp. will acquire an additional 45 percent of Smashburger, the Denver-based burger franchise that has more than 360 restaurants. The companies announced the deal Tuesday and it’s one that increases Jollibee’s ownership…
Jollibee Foods may open its first store in the UK by next year, says British Ambassador to the Philippines Daniel Pruce. This followed him visiting Jollibee’s 1000th branch in a “show of support” for plans by the Philippines’ largest fast-food company to…
he Philippines’ leading airline, Cebu Pacific (CEB) continues to soar high, capturing the lion’s share for both passenger and cargo traffic between Manila and Sydney in the first quarter of 2017. Data from the Bureau of Infrastructure, Transport and Regional…
Jollibee Foods Corporation’s largest brand has been experiencing some financial challenges since July 2016 due to the rising cost of raw materials and contractualization issues in the Philippines. But despite these, the homegrown fast-food chain expects to…
Local carrier Cebu Pacific opened Tuesday its regional office in South Korea as part of its regional promotion and expansion. In a statement, CEB said its office is located at 7th floor, Section B, Sesomunro 106, Jung-Gu, Seoul, Korea. CEB’s Korea branch…
The Philippines’ Court of Appeals has approved an application from the nation’s two major operators to consolidate their legal challenge against the Philippine Competition Commission (PCC) over their acquisition of the telecoms assets of conglomerate San…
David Minol, who grew up in the Czech Republic, describes the Philippines as a hot country, not only because of its tropical climate but also in terms of its rapidly growing economy. His company, Home Credit Philippines, is taking advantage of the large…
