Corporate
Jollibee’s Tim Ho Wan realigns North America, Japan ties with WDI to accelerate expansion
Jollibee Foods Corp. (JFC) said its wholly owned dim sum brand Tim Ho Wan has reached definitive agreements to restructure its joint venture with Japan’s WDI across North America and Japan, giving Tim Ho Wan full control of its priority North American platform while WDI takes full charge of Japan operations.
Batanes fisherfolk gain financial literacy, open bank accounts via Fish N’ LEarn program
Over 50 fisherfolk representing all six municipalities of Batanes have completed the Fish N' LEarn financial education program, acquiring practical skills in budgeting, savings, debt management, insurance, and financial planning through a joint initiative of BDO Foundation, the Bangko Sentral ng Pilipinas, and the Bureau of Fisheries and Aquatic Resources.
7-Eleven Philippines targets 5,000 stores despite bottlenecks
7-Eleven Philippines is pressing ahead with its expansion toward more than 5,000 stores by year-end, even as permitting delays and power availability threaten to slow the pace of new openings.
Shell Pilipinas demonstrates operational resilience amid first-half inventory and margin pressures
Shell Pilipinas Corp. maintained uninterrupted energy supply and robust trade operations across the Philippines through the first half of the year, even as severe global market volatility and inventory holding losses led to a net loss of P1.9 billion.
Monsoon rains dampen 7-Eleven sales; company eyes long-term growth amid challenges
Philippine Seven Corp. (PSC), the operator of 7-Eleven convenience stores in the country, has reported a significant dip in sales, by as much as 20 percent, attributed to the incessant monsoon rains experienced over the past two weeks. Despite a strong performance up until July, bolstered by its annual "7-11 day" promotion, the company acknowledges the sensitivity of its sales to adverse weather conditions.
