Jollibee expands in Asia, to open 15 more outlets in Singapore, eyes 150 in Indonesia

 News
Nov 262017
 

The Philippines’ most famous fast-food chain is expanding its footprint across Asia with plans for expansion in Singapore and Indonesia.

Dennis Flores, Jollibee president and head of international business in Europe, Middle East, Asia and Australia, confirmed that 15 more outlets will be opened in Singapore in the next five years.

Jollibee already has five stores in Singapore: two at Lucky Plaza, and one each in Paya Lebar, Changi, and Novena. The sixth store will open in Jurong East in April next year (2018).

He said the growing number of Singaporean patrons is proof that “Jollibee’s offerings have greatly appealed to the taste buds of the locals.”

In 2013, in a simple blind taste test conducted by Yahoo! Singapore, Jollibee’s chicken joy was found to be the best among several other brands in Singapore.

The blind taste test involved a panel of six–Singaporeans, Malaysians, a Filipino and an Indonesian–who were asked to assess chicken dishes from Jollibee, KFC, Popeyes, Texas Chicken and 4Fingers.

Jollibee’s chicken joy got three out of six votes, the highest given to any other fried chicken in the taste test. Jollibee’s chicken was found to have the juiciest meat, and the skin was said to be thin and crispy.

Mr Flores said Jollibee is also looking into entering the 260-million-strong Indonesian market in 2019.

“It’s a market we can’t ignore. It’s a chicken market. If you’re familiar with Indonesia, everyone there loves chicken. The big players are all ‘chicken players’. We believe with our superior products, our chances are very good,” he said.

Jollibee is hoping to open 150 stores in Indonesia in 10 years.

SEA-US consortium announces commercial operations of $250-M state-of-the-art undersea cable system

 Entertainment
Aug 162017
 

The seven-member Southeast Asia – United States (SEA-US) cable consortium announced that the full commercial operations of the USD250-million submarine fiber cable system that directly links Asia to the US for faster data transmission, more efficient connectivity and greater network resiliency, has officially been achieved on August 8, 2017. With the recent completion of the Philippine and Indonesia portion, the cable system can now provide additional capacity for the exponential growth of bandwidth between the two continents as well as bypass congested, earthquake-prone areas to ensure business continuity even during disasters. “We are happy that the final leg of the SEA-US cable strategically terminating in Davao, is already done. We are proud to be part of this landmark undertaking because of the immense benefits that it brings to the country and the rest of the Southeast Asian region. The facility will not only ease our dependence on the two international cable systems routed through Northern Philippines but will also provide support for the expanding business requirement for data in Southern Philippines and the country as a whole,” said Ernest L. Cu, President and CEO of Globe Telecom, one of the consortium members.  Globe commercially launch the SEA-US cable facility on August 11 – three days after the cable consortium declared SEA-US ready for commercial operations. The SEA-US undersea cable system delivers a 20 Terabit per second capacity with state-of-the-art 100 Gigabit per second technology. It provides the fastest direct access between the U.S., Philippines and Indonesia, extending nearly 9,000 miles Read More …

Penshoppe eyes 25 new stores abroad

 Economy
Mar 232014
 
Penshoppe eyes 25 new stores abroad

MANILA, Philippines – Filipino fashion retailer Golden ABC Inc. is expanding it business by opening more new stores locally and overseas this year. “I am very excited about our international expansion. We are looking at about 25 stores abroad,” Golden ABC Inc. chief executive officer Bernie Liu told reporters in a chance interview noting that all new stores to be set up overseas are for the Penshoppe brand. The firm is looking at opening five to 10 more stores in the Middle East and about 10 stores in Indonesia. Liu said the firm will also be entering a new market this year, as it is slated to set up in Phnom Penh, Cambodia. “Store investment is going to be done by our partner,” Liu said. The firm currently has presence in markets such as Bahrain, Saudi Arabia, United Arab Emirates and Indonesia. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 “For domestic (expansion), we are targeting 25 (stores) as well,” Liu said, noting that such would require about P200 million worth of investment. The locations for the new outlets will depend on where new malls will be rising. “We have to be a bit selective where we’re opening. Metro Manila is getting a bit crowded. The opportunities are really outside Metro Manila,” Liu said. He added that the new outlets in the local market will be a combination of its different brands. Aside from Penshoppe, Golden ABC creates and sells ready-to-wear clothing under the Oxygen, ForMe, Memo, Regatta and Read More …

GE announces $1.4 billion investment to meet world’s need for on-site power

 Economy
Mar 232014
 
GE announces $1.4 billion investment to meet world’s need for on-site power

MANILA, Philippines – Vice chairman John G. Rice and Lorraine Bolsinger, leader of GE’s new Distributed Power business, gathered  with business and government officials in Jakarta to launch GE’s Distributed Power, a new business that combines three product lines — Aeroderivative Gas Turbines, Jenbacher Gas Engines and Waukesha Gas Engines — aimed to better serve the distributed power space. GE announced an investment in the newly created business of $1.4 billion over four years to help meet the world’s growing demand for on-site power systems that are easier to finance, faster to install and more efficient and reliable for customers. In a white paper released during the event, “The Rise of Distributed Power,” GE highlights that distributed power has become increasingly popular in countries that are seeking more reliable, efficient energy options near the point of use — on or off the grid. According to the report, distributed power will grow 40 percent faster than global electricity demand between now and 2020. More communities and businesses are installing distributed power technologies to improve access to electricity in remote areas with poor or non-existent electric grids, according to the paper. In addition, in both developing and developed economies, industry is using distributed power to improve industrial and residential energy efficiency and ensure they have emergency power in the event of natural disasters and other unplanned outages. At the same time, the oil and gas industry relies heavily on on-site power to provide electricity to remote operations as well as mechanical power Read More …

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