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.
Approved investments of the Philippines’ three largest investment promotion agencies rose 39 percent to P1.4 trillion in January to October 2026, with the Board of Investments accounting for nearly two-thirds of the increase.
The Bases Conversion and Development Authority (BCDA) has remitted P11.5 billion to the national government this year, up 173 percent from last year, giving the government more money for public services while easing the burden on taxpayers, Finance Secretary Frederick Go said.
The Asian Photovoltaic Industry Association (APVIA) is upbeat on wider solar energy use after groups from the Philippines, Indonesia and Vietnam launched a regional alliance at the 31st UN Climate Change Conference.
Listed Shakey’s Pizza Asia Ventures Inc. reported a healthy turnaround in its core earnings for the third quarter of 2026, marking clear progress from the company’s ongoing strategic reset efforts.