Tag: members news

Jollibee celebrates 25th listing anniversary

Jollibee Foods Corp. marked its 25th year as a listed company with a special bell ringing ceremony at the Philippine Stock Exchange on Wednesday. Shown in photo are (from left): PSE director Alejandro Yu; JFC independent director Monico Jacob; JFC director and former chief justice Artemio Panganiban; Tourism Secretary Bernadette Romulo-Puyat; JFC director Antonio Chua Poe Eng; Jollibee Group Foundation Inc. president Grace Tan Caktiong; JFC chairman Tony Tan Caktiong; PSE chairman Jose Pardo; DBP chairman and former senator Alberto Romulo; PSE COO Roel Refran; JFC director William Tan Untiong; JFC director Joseph Tanbuntiong and PSE director Emmanuel Bautista.

*This photo is published on The Philippine Star last July 20, 2018 and is available online at https://www.pressreader.com/philippines/the-philippine-star/20180720/282037622946185

Phoenix Petroleum bags Meralco supply deal

In photo (from left) are Phoenix Petroleum COO Henry Albert Fadullon, Meralco chief technology advisor Gavin Barfield (at the back), Meralco head of supply chain and logistics management Ruben Benosa, Meralco first vice president and head of networks Ronnie Aperocho, Meralco senior vice president Alfredo Panlilio, Meralco CFO Betty Siy-Yap, Phoenix Petroleum vice chairman Romeo De Guzman, Phoenix Petroleum director Joseph John Ong and Phoenix Petroleum vice president for external affairs Raymond Zorrilla.

MANILA, Philippines — Phoenix Petroleum Philippines Inc. has added Manila Electric Co. (Meralco), the country’s largest power distributor, to its list of commercial clients.

In a statement, Phoenix Petroleum said it has been awarded the contract to supply and deliver fuel to Meralco.

Under the contract, Phoenix will supply fuel, particularly its new fuel additive Phoenix PULSE Technology,  to Meralco’s 11 fuel stations.

Meralco head of legal and deputy general counsel William Pamintuan said the contract underwent bidding and passed the necessary technical requirements.

“We believe that Phoenix, a brand synonymous with high value products, will certainly help ensure that our fleet of vehicles get the high quality fuel it needs to continue rendering uninterrupted service which Meralco needs as a 24 hour service company,” he said.

In a text message, Phoenix Petroleum vice president for external affairs Raymond Zorrilla said the contract was bid out to supply 400,000 liters per month.

“We are now actually talking about other aligned services we can do for them,” he said.

Phoenix Petroleum is among the country’s top three providers of fuel to a wide range of commercial and industrial businesses in power, marine, manufacturing, transportation, aviation, and other industries.

Among its commercial accounts include Cebu Pacific, to which it supplies majority of the budget airline’s requirements, and Philippine Airlines, which the oil firm provides the flag carriers requirements outside Manila.

The company gained new key accounts and won bids last year to supply companies in the land transport, construction, mining, power, manufacturing, marine, fishing, and shipping industries.

Phoenix Petroleum recorded a 65 percent jump in net income to P1.79 billion last year.

Sales volume to commercial and industrial businesses grew by 15 percent, while aviation rose 13 percent as the oil company firmly established itself as the third major player in the commercial and industrial segments.

This has fueled the growth in sales volume and helped the company grow its consolidated revenues by 52 percent to P46.3 billion.

Phoenix Petroleum is engaged in the nationwide trading and marketing of refined petroleum products, including LPG and lubricants, operation of oil depots and storage facilities, hauling and into-plane services; convenience store retailing; and trading and supply.

Earlier this year, it expanded its business into convenience retailing after acquiring Philippine FamilyMart, and to asphalt manufacturing, marketing, and distribution through Phoenix Asphalt Philippines Inc.

*This article was published in The Philippine Star on April 26, 2018, and can also be found online at: https://www.philstar.com/business/2018/04/26/1809373/phoenix-petroleum-bags-meralco-supply-deal

Jollibee brings Vietnamese chain to Philippines

April 26, 2018 | 12:10 am

JOLLIBEE Foods Corp. (JFC) will be bringing is Vietnamese restaurant chain Pho 24 to the Philippines, the homegrown fastfood giant disclosed to the stock exchange on Wednesday.

The listed company said the expansion of the Vietnamese brand will be done through its wholly-owned unit, Fresh N’ Famous Foods, Inc. As the name suggests, Pho 24 serves Vietnamese noodle soup known as “pho,” as well as other traditional Vietnamese dishes.

Pho 24 forms part of the SuperFoods Group, JFC’s 60-40 joint venture with Viet Thai International Joint Stock Co. (VTI) through subsidiary, JSF Investments Pte. Ltd.

“(T)he SuperFoods Group aims to serve customers in Asia and key cities in the world with high quality and healthy Vietnamese food at affordable prices through the Pho 24 brands.

Aside from Pho 24, the SuperFoods Group also owns and operates the Highlands Coffee brand, as well as franchises Hard Rock Cafe in Vietnam, Macau, and Hong Kong.

JFC noted that it renovated all stores under the SuperFoods Group last year, as it shifted to a fast casual dining model instead of casual dining. The renovations allowed for faster ordering, product delivery, and cleaner store environments, according to the company.

At the end of 2017, the SuperFoods Group had a total of 281 stores under the Highlands Coffee, Pho 24, and other brands.

The move to expand the SuperFoods Group is in line with JFC’s commitment to take the company public in Vietnam by 2019.

JFC has also previously taken control of Denver-based burger chain Smashburger, which operates 352 stores in the United States, Costa Rica, Egypt, El Salvador, the United Kingdom, and Panama. This helped increase the company’s store network to over 4,000 worldwide.

In the Philippines, the company had a total of 2,895 as of the end of March under various brands such as Jollibee, Chowking, Greenwich, Red Ribbon, Mang Inasal, and Burger King.

In addition, the company has 943 stores overseas, under different brands such as Yonghe King, Hong Zhuang Yuan, Dunkin’ Donuts, Jollibee, Highlands Coffee, Hard Rock Cafe, and Pho 24.

The push toward more stores overseas is seen to help achieve JFC’s goal of seeing equal revenue contributions from local and international businesses by 2022.

JFC saw its net income attributable to the parent grow by 15% in 2017 to P7.089 billion, supported by a 15.6% uptick in revenues to P131.57 billion for the period.

This year, the company continues its aggressive store expansion as it rolls out P12 billion in capital spending.

Shares in JFC dipped P3.40 or 1.19% to close at P281.60 each at the stock exchange on Wednesday. — Arra B. Francia

*This article was published in Business World on April 26, 2018, and can also be found online at: http://bworldonline.com/jollibee-brings-vietnamese-chain-to-philippines/

JFC completes deal to gain control of Smashburger

JOLLIBEE Foods Corp. (JFC) has completed its acquisition of an additional stake in American burger chain Smashburger, effectively expanding the homegrown fastfood giant’s global footprint.

In a disclosure to the stock exchange on Tuesday, the listed company said it has completed all closing conditions and regulatory approvals for the acquisition of an additional 45% stake in SJBF LLC, the parent firm of the entities related to the Smashburger business.

The transaction was made through a purchase agreement between JFC’s wholly owned unit, Bee Good! Inc. (BGI) and Smashburger Master LLC. This brings JFC’s total stake in Smashburger to 85%, as it has previously acquired a 40% share in the latter in 2015.

“With the completion of the acquisition, JFC shall include Smashburger in its financial consolidation starting April 17, 2018,” the company said.

The acquisition is valued at $100 million, to be paid in cash at the close of the deal.

The Denver-based burger chain currently operates through 365 restaurants worldwide, and is present in 39 states in the United States and in 10 foreign markets. This brings JFC’s global store network to 4,162, as well as expand its presence to 21 countries, adding Costa Rica, Egypt, El Salvador, the United Kingdom, and Panama.

With the acquisition, JFC said Smashburger will increase the sales contribution of the United States to worldwide systemwide sales to 15% from the present 5%. The acquired firm will also raise the contribution of foreign businesses to worldwide systemwide sales to 30% from 20% currently.

In the Philippines, JFC had a total of 2,884 outlets as of the end of February, maintaining its position as the largest food service network in the country. Of these stores, 1,071 carry the Jollibee brand; 529 are Chowking; 495 are Mang Inasal; 425 are Red Ribbon; 271 are Greenwich; and 93 are Burger King.

JFC has more brands operating in China, Hong Kong, Singapore, and the Middle East, among others.

The Tony Tan Caktiong-led firm booked a 15% growth in its net income attributable to the parent in 2017 to P7.089 billion. Revenues meanwhile also gained 15.6% to P131.57 billion, boosted by the double-digit increase in system wide retail sales for during the year.

JFC is accelerating its spending this year, allotting P12 billion for capital expenditures to fast track its global expansion. The company earlier said that it looks to see equal contribution from local and international sales by 2022.

Shares in JFC lost 1.03% or P3 to settle at P288.60 by closing bell at the Philippine Stock Exchange on Tuesday. — Arra B. Francia

*This article was copied from and was originally published by Business World in the newspaper on April 18, 2018. It is also available online at: http://bworldonline.com/jfc-completes-deal-to-gain-control-of-smashburger/

Jollibee opens first store in Europe

posted April 01, 2018 at 06:05 pm by Manila Standard Lifestyle

Our very own bee mascot, Jollibee says “ciao Italia!” as it welcomes customers to the local fast food chain’s first European branch in Milan, Italy.

Located in Piazza Diaz 7, Milan, the Jollibee branch is just a stone’s throw from Duomo, Milan Cathedral.

In the early hours of its opening day, customers—families, young people, members of the Filipino community, and even locals—were already seen lining up in front of the Jollibee store.

Among those who patiently waited for Jollibee’s doors to open was Tommy Flores Jr. who said the experience was all worth it. “Naghintay kami ng four hours sa labas pero sulit,” he shared on his Facebook post. Meanwhile the Aquilon, Flores, and Mendoza families unanimously exclaimed, “Kahit mahaba ang pila, sobrang sulit ‘yung pagpunta namin! It tastes just like the Chickenjoy sa Pinas!”

The queue of eager and ecstatic customers outside of the outlet was so long that it poured out of the restaurant.

“Getting a foothold in Milan is a fundamental step for Jollibee, as well as a launch pad for the expansion of the brand to the rest of Europe,” said Jollibee Foods Corporation chief executive officer Ernesto Tanmantiong.

The opening of the Jollibee branch in Milan followed the signing of a joint venture between Jollibee Foods Corporation and Singapore Blackbird Holdings to export the fast food chain to Europe.

Tanmantiong shared, “This newest venture sets off our journey that will lead to opening more stores around the continent—an ambitious goal, which we will achieve by consistently offering a unique dining experience with our delicious food and warm service.”

The chief executive said JFC aims to bring Filipinos “a taste of home” and at the same time share with Italians both the fast food chain’s food offerings and the joyful experience of being together.

At its first European store, Jollibee’s menu offers its bestsellers such as Chickenjoy and Yumburger, along with special items like Chicken Tenders and Chicken Burgers that cater to both Filipino and Italian tastes.


*This article was copied from and was originally published by Manila Standard in the newspaper on April 2, 2018. It is also available online at: http://thestandard.com.ph/lifestyle/food/262064/jollibee-opens-first-store-in-europe.html

Meaningful mornings

by Neal P. Corpus (The Philippine Star) – March 23, 2018 – 12:00am

MANILA, Philippines — What’s the best way to start the day? I feel like this is a question we all know the answer to, but don’t really follow ourselves. (Yup, it’s breakfast). We’re always on the go, either rushing through the rush hour to work or zipping to school, and oftentimes forget about grabbing a bite to eat in the morning.

Which is why McDonald’s celebrates National Breakfast Day year after year. As they celebrate for a sixth year, they gave away free longgadesals in almost 500 branches nationwide last Monday, March 19. Surprising new breakfast converts and regulars alike were celebrities Atom Araullo, Alden Richards, Maine Mendoza, Young STAR cover stars Gabbi Garcia and Ruru Madrid, Maymay Entrata, Gabby Concepcion, Tony Labrusca, Donny and Hannah Pangilinan, Rocco Nacino, and Jason Abalos in different McDonald’s stores around the country.

Aside from just giving away free sandwiches for breakfast, McDonald’s wanted to serve their longgadesals where it really mattered, by extending National Breakfast Day to Albay and Marawi. Last March 5 and 6, McDonald’s went to five different evacuation centers in Albay, Legazpi, and on March 11 to Bakwit Village Transition Shelter in Marawi. “National Breakfast Day has always been about meaningful mornings and new beginnings, and this year we wanted to extend this to those who need it the most,” said Kenneth S. Yang, president and CEO of McDonald’s Philippines.

You can see more of McDonald’s’ visit online, where Atom Araullo sheds light on the moving stories of mothers who gave birth to their children in evacuation centers during the Marawi siege, endearingly calling them “Baby Bakwits.” It’s a heartwarming story of struggle, hope, and new beginnings, which is exactly what National Breakfast Day is about.

* * *

Watch Baby Bakwit on YouTube.com/mcdonaldsPH. Share your #NationalBreakfastDay experience by tagging @McDo_PH. For more information, visit mcdonalds.com.ph.

*This article is copied from the article published by BusinessWorld and is available online at: https://www.philstar.com/lifestyle/young-star/2018/03/23/1799304/meaningful-mornings

The Filipinos’ favorite: A look at the Chicken Inasal

Malaya | March 22, 2018

Filipinos have included the chicken inasal among the well-loved classic Pinoy dishes like adobo, sinigang, and kare-kare. And whenever they have a craving for really satisfying chicken inasal meal, they already know where to go, Mang Inasal.
Clearly a contribution of Visayan cuisine, the chicken inasal has become a Pinoy staple because of its authentic flavor that has captured the taste even of Filipinos from other regions.

To appreciate more of everyone’s favorite food, here are five juicy facts about the chicken inasal:

Inasal means “chargrilled” 
“Inasal” is the Ilonggo term for “chargrilled” or “roasted meat.” The secret to its flavorful taste lies both in the marinade and in the roasting process.

Mang Inasal has formulated a special marinade that it uses in preparing its flagship product. Also, as a commercial establishment, Mang Inasal has continually improved on the grilling system and procedure to ensure the consistently high quality of grilled chicken goodness that the outlet has been offering.

And to further delight chicken inasal fans, Mang Inasal is proud to offer the “2-in-1 sa Laki, Nuot-sa-Ihaw-Sarap” quarter chicken.

Chicken inasal was born in a Bacolod street
The chicken inasal’s humble beginnings can be traced to a small street in Bacolod known as Cuadra where a series of small chicken inasal stalls is owned by the Velez sisters. The siblings are considered the pioneers in mainstreaming inasal na manok, making entrepreneurs interested in offering their own chicken inasal with a twist.

The founders of Mang Inasal built on the undeniable appeal of this Filipino cuisine, establishing its first branch in Iloilo. Through the years, Mang Inasal has successfully brought its own take on the Pinoy grilled chicken in fast-food style.

Truly Filipino dining experience
Mang Inasal is one of the local fast-food chains that offers best-tasting Pinoy food by having a concept and ambiance that is truly Filipino. This is one of the reasons why its food is served on wares that carry the banana leaf motif to conjure the Pinoy’s use of banana leaf in serving and cooking food. Even the store’s ambience carries the homey, grillery that has been the trademark of Mang Inasal.

Best with chicken oil and unli rice
Chicken inasal is best eaten with chicken oil over plain or garlic rice. At Mang Inasal stores, the chicken oil forms part of the condiments trio — together with soy sauce and vinegar –that allow customers to savor the meal at its most flavorful.

Also, further reinforcing the Filipino diners’ preference for rice, Mang Inasal has been offering unlimited rice with all its paborito meals.

It is the fun experience of mixing the condiments, and being able to fully satisfy their hunger pangs via unli rice, that have endeared Mang Inasal to a number of Pinoy food enthusiasts.

Mang Inasal’s chicken milestones 
Mang Inasal prides itself with its specially-marinated grilled chicken that offers “nuot sa ihaw sarap.” Among its offerings of Filipino food products, their Chicken Inasal contributes a big chunk to the brand’s total sales. This is the reason why Mang Inasal’s Chicken Inasal is the number one Pinoy grilled chicken brand based on studies made on this segment.

With its promise of serving great food and bringing the joy of eating to Filipinos, Mang Inasal continues to improve its product quality and portfolio to win the hearts of everyone.


*This is copied from the article published by Malaya and is available online at: http://malaya.com.ph/business-news/living/filipinos’-favorite-look-chicken-inasal

Max’s Group ’17 profit up 12%

By: – Reporter / @philbizwatcher / 05:35 AM March 17, 2018

The country’s largest casual dining chain operator Max’s Group Inc. (MGI) booked a net income of P626.69 million last year, up by 12 percent as increasing consumer affluence boosted earnings from its expanding restaurant network.

MGI’s system-wide sales rose by 13 percent to P17.34 billion last year, while revenue increased by 11 percent to P12.66 billion, based on a disclosure to the Philippine Stock Exchange yesterday.

Restaurant sales increased by 11 percent to P19.88 billion, driven by sustained same-store sales performance and revenue contribution of new stores.

Same-store sales grew by 5 percent while overall transaction count was up by 13 percent.

Amid rising urbanization trend and consequent worsening of traffic, MGI’s delivery business grew by 27 percent to P1.37 billion, as the group broadened online ordering channels and upgraded delivery infrastructure.

Franchising operations also contributed to the 13 percent rise in commissary sales of P1.42 billion from P1.26 billion.

The group’s brands include Max’s Restaurant, Pancake House, Yellow Cab Pizza, Krispy Kreme, Jamba Juice, Max’s Corner Bakery, Teriyaki Boy, Dencio’s, Meranti, Sizzlin’ Steak, Maple, Kabisera, Le Coeur De France and Singkit.

MGI opened 78 new stores last year, 14 of which are located overseas. These brought the company’s store network to 673 branches, with 55 in various cities in North America, the Middle East and Asia.

The company intends to focus on a franchising-led business model to drive expansion and improve accessibility to customers. With a planned rollout of 80 to 90 new outlets primarily through franchising its core brands, MGI seeks to set an active presence in key geographies, and at the same time, generate higher fee-based contributions to revenue.

Capital spending this year was placed at P600 million.

Bayad Center launches mobile app for convenient bills payment


PAYMENT solutions provider Bayad Center (BC) has launched on Tuesday a mobile app to complement its more than 12,000 payment locations nationwide and extend its reach to include the growing “mobile” market.

“Everyone wants everything to be simple. The BC Mobile is just that. It puts together in one app all your payment needs, no bells and whistles,” said Wendell Kristian P. Labre, CIS Bayad Center, Inc.’s marketing head.

The mobile app can send customers a reminder for their due dates, show the nearest Bayad Center branches and authorized partners, and allow bills payment “on the fly.”

“No need to enroll in different online payment sites, because BC Mobile carries under its umbrella the string of billing partners, and the seal of service and reliability that Bayad Center offers,” Mr. Labre said.

The app, a one-stop online shop for all your bills payment needs, takes out the need to fill out forms and mail bills on a monthly basis. It allows customers to pay bills “anytime, anywhere” using mobile phones.

“For most of us who are always online yet still prefer paying over-the-counter or face-to-face, the branch locator shows you the list of Bayad Center branches, authorized partners, collecting agents and automated payment machines near you,” he said.

In the future, the mobile app will offer remittance or money transfer services, prepaid loading and selling of Instasurance — a microinsurance for tricycle, jeepney drivers and similar workers.

The app will also be linked to Bayad Center’s loyalty program, which will also be launched this year, company officials said. It will also include features such as bills payment management, where users can view payment history across different payment channels. It will also offer information that will help others identify branches with shorter queues. — Victor V. Saulon


*This article is copied from the article published by BusinessWorld and is available online at: http://bworldonline.com/bayad-center-launches-mobile-app-convenient-bills-payment/

7-Eleven opens 1st door in Aurora Province

The Philippine Star |

Philippine Seven Corp. (PSC), the exclusive licensor of global C-store chain giant 7-Eleven, expands its retail presence in Central Luzon with the landmark opening of its first store in Aurora Province.

Taking advantage of the highly populated and touristheavy location, given Aurora’s fast-rising reputation as an ideal surfing destination, the opening of the new outlet in Dipaculao further builds PSC’s commitment to open up more convenience outlets for potential markets outside Metro Manila.

Areas up for expansion include Region 2 (Isabela, Tuguegarao, Nueva Vizcaya and Mindoro), Visayas (Leyte, Tacloban and the rest of the eastern part of the province) and Mindanao (Surigao Del Sur and Norte and Sultan Kudarat).

In photo welcoming guests and customers are the store franchisee representatives Roy Angara (6th from left) and Ariel De Jesus (5th from left), together with PSC’s start up officers, area managers and operations field consultants.

To date, PSC operates 2,287 7-Eleven stores in the country. With its unique business format flexibility, 7-Eleven remains the most trusted franchise business of choice among potential partners. Via its flexible franchise packages, franchise partners are offered two ways to benefit from a proven system: Regular New Store Franchise (open a new 7-Eleven store), and Property Conversion (convert an established business or properties into a 7-Eleven franchise). For more details on 7-Eleven’s franchise opportunity offerings, call (02) 7269968, 09209508651, 0917-8711686, email franchising@7-eleven.com.ph or visit www.7-eleven.com.ph.

This article is cpopied from the article published by The Philippine Star and is available online at: https://www.pressreader.com/philippines/the-philippine-star/20180314/282106342160711