Philippines
Philippines' URC profit down 12% YoY to $230.1m in 2023
Philippines' URC profit down 12% YoY to $230.1m in 2023
The company attributed the decline to higher comparables from a land sale.
Jollibee Foods to raise up to $144m in additional preferred shares
JFC has over 6,885 stores worldwide with 18 brands in 33 countries.
Nitori to open its first store in the Philippines
It has also set to expand to Indonesia and India.
Philippine's 2GO holds business workshops for SMEs
The group created the 2GO Getters community to connect with small business owners.
Wildflour Hospitality Group secures equity investment from KV Asia
It currently has eight concept brands in 18 locations.
MR.DIY reaches 500-store milestone in the Philippines
The brand was first launched in the country with its inaugural store in Balagtas, Bulacan.
Coca-Cola Europacific, Aboitiz completes Coca-Cola PH acquisition
They will hold a 60:40 ownership.
SM’s Goldilocks targets 60 new stores in 2024
It has opened 41 stores last 2023.
Jollibee Group sets up the largest solar panel installation
The installation in the Canlubang Baking Facility will consist of 6,300 solar panels.
Thailand's Jaspal Group expands to the Philippines
The first Jaspal store is in Mall of Asia, Metro Manila.
More room for consumer growth in the Philippines: SM
Consumer activity has been consistent in fashion, food and beverages.
PCC OK’s Aboitiz, Coca-Cola Europacific’s acquisition of Coca-Cola Philippines
The transaction is valued at $1.8b.
Jollibee Foods launches programme for recycling plastic packaging wastes
Its partnership with Republic Cement serves to support the Extended Producer Responsibility Law.
Duck Donuts to enter Philippine market with 25 target locations
It made the largest international franchise agreement with Bravo Foods Corp.
Jollibee’s Mang Inasal installs solar panels for Zamboanga stores
Both Sindangan and Molave branches generated 48,000 KWh.
Philippines’ Century Pacific expands solar capacity in manufacturing hubv
It is also investing in biomass boilers to reduce reliance on coal.
Toki secures $1.8m in pre-seed funding for Philippine expansion
The collectibles’ market in Southeast Asia is currently at $34b.
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