Displaying all posts for Business

‘Rice tariffication won’t solve Philippines’ inflation problem’

By Ian Nicolas Cigaral/philstar.com – Lifting the more than two-decade-old caps on rice imports would not solve the Philippines’ inflation problem, Deutsche Bank said, adding that the country’s “overheating” economy must lose steam to “stably” tame stubbornly high prices. Households reeling from soaring prices since the beginning of the year Read more »

A Filipino favorite, Jollibee aims for international growth

By Allyson Escobar and Saleah Blancaflor/nbcnews.com – It’s been called the “McDonald’s of the Philippines,” and the late Anthony Bourdain dubbed it “the wackiest, jolliest place on earth.” Jollibee, a fast food chain based in the Philippines, has become one of the world’s largest restaurant franchises, with more than 4,000 Read more »

‘No other way to fight back’: Philippines call center workers battle unfair quotas

By Michael Sainato/theguardian.com – Sara Prestoza has worked as a call center employee in the Philippines for 12 years, a country where several corporations such as Comcast, AT&T, and Verizon outsource their customer service and technical support services, relying on a cheap labor source of its 1.3 million call Read more »

IKEA building world’s largest store in Philippines, sets 2020 opening

By Jessica Fenol/ABS-CBN News – Furniture maker IKEA said Tuesday it would open its first store in the Philippines, envisioned to be the world’s largest, in 2020. Once complete, the IKEA store at the SM Mall of Asia will occupy 65,000 square meters, roughly the size of 150 basketball courts, Read more »

Filipinos lead queue to UK’s first Jollibee branch

via ABS-CBN News – Filipinos trooped to Jollibee when it opened its first United Kingdom branch in London’s Earl’s Court on Saturday morning. The London branch is Jollibee Food Corporation’s second in Europe after it opened in Milan, Italy earlier this year. It adds to over 1,300 Jollibee stores worldwide. Read more »

Philippine inventor aims to cut travel times with passenger drone

By Ronn Bautista/reuters.com – A Philippine inventor has unveiled what he calls a flying sports car that represents the future of transport, riding it out of a warehouse toward a cheering crowd, leaving a cloud of dust in his wake. Former dancer and camera operator Kyxz Mendiola flew and hovered Read more »

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