Tag Archives: food and beverage

Jollibee notches P7-B net income in 2017


(Source: Manila Bulletin | February 13, 2018) Jollibee Foods Corporation, the largest Asian food company, posted a 15 percent growth in attributable net income to P7.09 billion
in 2017 from the P6.17 billion earned in the previous year due to record store openings. In a disclosure to the Philippine Stock Exchange, the firm said system wide sales, a measure of all ...

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Consumer companies are in for a better year


(Source: Manila Bulletin | January 21, 2018) While the market awaits the result of the country’s 2017 full-year and fourth quarter economic performance, participants are advised to look at the consumer sector, which would benefit from the healthy economy and tax reform program. COL Financial Group, Inc. said consumer companies are in for a better year this 2018 as it ...

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PHL F&B, retail sectors more profitable than telco, property

mall restaurant

(Source: Business Mirror | January 15, 2018) A comparative outlook at profitability indicators since 1997 shows that retail, and food-and-beverage companies have averaged higher rates of return than some of the top telecommunications and real-estate companies in the Philippines. These points to the capital-intensive nature of telco and real-estate industries, which contribute significantly to national infrastructure and development. An academic ...

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Jollibee Foods boosts Brunei, Hong Kong portfolios


(Source: Inside Retail Philippines | December 19, 2017) Philippine fast-food giant Jollibee Foods (JFC) has opened its sixth branch in Hong Kong and its 15th store for Brunei, the latter in the arrival area at the international airport. “When we started our first Jollibee Brunei branch in 1987, we wanted to appeal not only to Filipinos, but to locals as ...

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Jollibee continues branch expansion in Hong Kong, Brunei, UAE


(Source: Business World | December 15, 2017) Homegrown fastfood giant Jollibee Foods Corp. (JFC) continues to expand in Asia and the Middle East, adding three new stores as it moves forward with its plan to increase revenue contributions from international operations. JFC on Thursday said it recently opened three new stores located in Brunei International Airport, Hong Kong, and the ...

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Due to heavy traffic, e-commerce in the Philippines is booming

E-commerce And Online Shopping

(Source: Philippine Star | November 17, 2017) Every day, e-commerce grows in the Philippines. Such has been the assertion of Inanc Balci, president, co-founder and community chief executive officer for e-commerce portal Lazada, which claims to be the number one marketplace and the seventh most accessed website in the Philippines. “The Philippines used to be the SMS capital of the ...

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Consumer spending to boost mass market retailers


(Source: Manila Times | November 1, 2017) Strong consumer spending will benefit the mass grocery retail market but value-added services such as online shopping are not expected to gain much ground given logistics and infrastructure hurdles, a research firm said. “Growing consumer spending on food and non-alcoholic drinks, an urbanizing population and the majority of households falling in the low-income ...

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Pioneering Paseo Outlets has more tricks up its sleeve


(Source: inquirer.net | October 3, 2017) Greenfield Development Corporation, the real estate firm behind Greenfield City, envisioned a new city center way back in the 1990s as it observed the metro slowly reaching full development. It saw immense potential in its 400-hectare landholding in the sleepy town of Sta. Rosa, and took a different approach to jump-starting the community—by building ...

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Jollibee partners with Globe Business to expand its express delivery service

(L-R) Jollibee Foods Corporation Business Channels Director Mario Malalis, Jollibee Foods Corporation Vice President for National Business Channels Manjie Yap, Globe Business Senior Vice President Peter Maquera, and Globe Business Cluster Sales Head Robie Reyes display the ‘Hashtag’ hand sign for the #8-7000 Jollibee express delivery partnership. (inquirer.net)

(Source: Inquirer.net | September 28, 2017) Jollibee Foods Corporation (JFC), the largest fast food chain in the Philippines, recently signed with Globe Business, the enterprise and information and communications technology (ICT) arm of Globe Telecom, to centralize its express delivery service to one convenient number: #8-7000. Over 59 million Globe customers will now be able to call #8-7000 for free ...

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Malls in Philippines unlikely to follow US stores to extinction


(Source: ABS-CBN News | September 25, 2017) Malls in the Philippines are unlikely to be replaced by online channels soon, as millennials seeking to spend on experiences drive demand for restaurant space, a property consultant said. Food and beverage now account for 40 percent of mall space, compared to 60 percent for retail. The sector used to account for just ...

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