the Jollibee restaurant in Wan Chai, Hong Kong. getty Jollibee Foods—controlled by billionaire Tony Tan Caktiong and his family—is boosting its investments in Titan Dining, the private equity fund that owns the Tim Ho Wan chain of dim sum restaurants across the Asia Pacific. Through its wholly-owned subsidiary, Jollibee Worldwide, the Philippines’ largest restaurant chain
By Neil Jerome Morales MANILA (Reuters) – Foreign and domestic firms are expected to invest much as $6 billion in the Philippines’ casino sector in the next five years, the head of its gaming regulator said, bolstering its status among Asia’s top gambling destinations as competition increases. At least one new casino-resort will open every
President Ferdinand R. Marcos Jr. anticipates a transformative leap in renewable energy technology for the Philippines with the entrance of WPD GmbH, a leading German developer and operator of wind and solar farms. WPD GmbH has pledged an ambitious investment of PhP392.4 billion in the country, primarily focusing on establishing offshore wind farms. In a
(Bloomberg) – The Philippines is counting on the U.S. and its allies to play a crucial role in its plans to explore oil and gas resources in the disputed South China Sea, according to Manila’s envoy to Washington. Jose Manuel Romualdez (Photographer: Andrew Harnik/AFP/Getty Images) The country is seeking to parlay its deepening