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Homegrown fastfood giant Jollibee Foods Corp. or Jollibee Group is setting its sights on an expansion spree this year with a plan to spend billions of pesos to grow its network of stores in the Philippines and other countries.
This was on the back of a 13% growth in SWS to P390.284 billion from P345.324 billion year-on-year.“The Jollibee Group demonstrated strong performance in 2024, delivering double-digit growth in revenues, operating and net income and improving margins despite challenges in certain regions and categories. As anticipated, our China business experienced strong headwinds putting pressures in both top line and bottom line.
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Philippine Coast Guard Repels Chinese Coast Guard Vessel in West Philippine SeaThe Philippine Coast Guard (PCG) successfully defended against a Chinese Coast Guard (CCG) vessel that approached the Pangasinan coastline. The PCG vessel, BRP Cabra, maneuvered to drive away the CCG-3304, pushing it to a distance of 101.44 nautical miles. Another CCG vessel, CCG-3103, later arrived in the area. BRP Cabra asserted its presence within the country's exclusive economic zone, highlighting that the CCG's actions are violations of Philippine law and international agreements.
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Philippine Coast Guard Warns Against Pro-China Disinformation Campaign in West Philippine SeaCommodore Jay Tarriela, spokesperson for the Philippine Coast Guard in the West Philippine Sea, warns of a pro-China disinformation campaign aimed at misleading the Filipino people about the situation in the WPS. He identifies disinformation as a major threat, second only to China's direct aggression, and highlights the tactics used by pro-China vloggers to spread false narratives, undermine the Philippines' legal standing, and sow division among the public. Despite the campaign, Tarriela notes that public awareness of the situation has significantly improved, with surveys showing strong support for the government's efforts to defend the WPS.
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Philippine Lawmaker's West Philippine Sea Claim Ignites ControversyPhilippine Representative Rodante Marcoleta sparked debate during a House probe by stating the 'West Philippine Sea' was a fictional entity. Marcoleta argued for legislative action to have the area formally recognized by the International Hydrographic Organization (IHO). His comments drew criticism from Commodore Jay Tarriela of the Philippine Coast Guard, who defended the West Philippine Sea's validity based on President Ferdinand Marcos Jr.'s statements.
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Philippine Nickel Mining Group Commits to UN Sustainable Development GoalsThe Philippine Nickel Industry Association (PNIA) reaffirmed its commitment to the UN Sustainable Development Goals (SDGs) by incorporating them into its members' social development and management programs (SDMP). The group highlighted its members' investments in environmental protection, community well-being, and inclusive development, particularly focusing on SDG 1 (No Poverty), SDG 3 (Good Health and Well-being), and SDG 15 (Life on Land). The PNIA also emphasized the importance of collaboration with local communities to ensure the effective use of SDMP funds and maximize the impact of resources in achieving national and local SDG targets.
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Philippine Navy and Magsaysay Group Partner for Enhanced Maritime Security TrainingThe Philippine Navy and the Magsaysay Group of Companies signed a memorandum of agreement to bolster maritime and security training, contributing to a more secure maritime environment. The partnership will focus on enhancing Maritime Domain Awareness and implementing training programs for Filipino seafarers.
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