Jollibee Foods Corp. is cooking up another global growth push, setting aside P18 billion to P21 billion this year to open as many as 800 new stores—an expansion that could grow its footprint by up to 8 percent worldwide.
Mang Inasal founder Injap Sia and Jollibee founder Tony Tan Caktiong marked a major milestone on April 11 with the topping-off of the 680-room Hotel101-Madrid—just 11 months after construction began. The hotel is set to open in December 2025, in time for the highly anticipated Formula 1 Grand Prix in Madrid.
Jollibee Worldwide Pte. Ltd. (JWPL), a subsidiary of Jollibee Foods Corp., has appointed J.P. Morgan and Morgan Stanley as joint global coordinators and bookrunners for a potential U.S. dollar-denominated bond offering.
Jollibee Foods Corp. continued its steady expansion both locally and abroad, driving an 18 percent rise in net income to P10.32 billion last year. The growth keeps the company on track to meet its five-year goal of tripling net profit to P26 billion by 2028.
A rare alliance of government, church, business and local executives has formalized a transparency push aimed at tightening oversight of billions of pesos in public works.
Toyota Motor Philippines Corp. (TMP) is stepping harder on the gas of localization, lifting domestic sourcing to sharpen cost competitiveness while pressing policymakers to revisit tariff disparities under a key trade pact with Japan.
Rizal Commercial Banking Corp., the country’s sixth largest lender by assets and a flagship of the Yuchengco Group, grew full-year 2025 net income by 11 percent to P10.6 billion, riding a strong wave of consumer lending and fee expansion.
Cavendish bananas may be golden for the Philippine economy, but their sweet streak faces a bitter threat. Fusarium wilt, famously dubbed Panama disease, has been ravaging plantations and threatens the livelihoods of millions of farmers across Mindanao.