Economy | Jollibee Expands Presence with New Branch in New Lower Bicutan, Taguig City

Taguig City, NCR, Philippines 

This morning marked the official opening of Jollibee's latest branch in New Lower Bicutan, Taguig City, National Capital Region, signaling the brand’s continued expansion across the country. As one of the Philippines' most beloved fast-food chains, Jollibee’s growth is an important indicator of the company’s strength in the competitive food and beverage industry.

The new branch not only serves as a testament to Jollibee's enduring popularity but also underscores its role in supporting local economies. By opening in a bustling area like New Lower Bicutan, Jollibee is tapping into a growing community, offering both convenience and employment opportunities to residents in the area.

This expansion comes at a time when businesses in the food sector are gradually recovering from the impact of the pandemic, with many focusing on enhancing accessibility to cater to an increasingly on-the-go consumer base. The opening of this new location is part of Jollibee's broader strategy to meet the demand for quality, fast, and affordable meals in strategic locations nationwide.

As Jollibee continues to grow, its influence on the economy—particularly in creating jobs and driving consumer spending—remains undeniable. The latest branch in New Lower Bicutan is a prime example of how businesses are adapting and thriving in today’s fast-evolving market.

Aboitiz JV signs P10-B bulk water agreement with Davao City entity

by James Loyola


DAVAO CITY, Davao
— Apo Agua Infrastructura Inc. (APO Agua), a joint venture company between Aboitiz Equity Ventures (AEV) and J.V. Angeles Construction Corporation (JVACC), has entered into a P10-billion bulk water supply agreement with the Davao City Water District (DCWD).

In a disclosure to the Philippine Stock Exchange, AEV said the agreement involves the construction of the country’s largest private bulk water supply facility to date together with a fully renewable energy powered water treatment plant.

APO Agua will supply up to 300 million liters per day (MLD) of potable bulk water from the Tamugan River to DCWD, which will benefit the more than 1 million people of Davao City.

BULK WATER SUPPLY AGREEMENT FOR DAVAO CITY – Shown posing for a photo after signing of the supply agreement are (from left): JVACC Projects Lead Renato Da Jose, AEV Business Development FVP Roman V. Azanza III, Apo Agua Chairman Jose Virgilio Angeles, Jr., Davao City Mayor Rodrigo Duterte, Apo Agua President Rene Ronquillo, Aboitiz Power Mindanao Affairs FVP Bobby Orig, AEV Business Development AVP Jay Fernandez, AEV Associate General Counsel Atty. JB Nadela, External Consortium Counsel Atty. Aris Gulapa, AEV Business Development Manager David Berba, and AEV Associate General Counsel Atty. Farah Lumbatan

JVACC will be the engineering, procurement, and construction (EPC) contractor for the entire project.

 The company brings with it over 48 years of experience in the construction and development of water-related infrastructure in the Philippines.

“We are excited to be able to provide Davao City with this innovative bulk water supply solution,” said JVACC chairman JV Angeles.

For Aboitiz Equity Ventures, this landmark project is part of its thrust to expand into infrastructure development in addition to its core businesses of power, banking, land and food.

“We have long been partners in Davao’s economy  through Davao Light and our other businesses; and through our investment in APO Agua, we will ensure that Davao City has the necessary bulk water infrastructure for it to continue with its impressive economic growth story,” said  AEV President Erramon Aboitiz.

APO-Agua has a 70-30 ownership structure, with AEV owning 70 percent of the company, and JVACC the remaining 30 percent.

source:MANILA BULLETIN

Tigerair Philippines to offer 4 new domestic routes in 2H

Photo by Bernard Testa

MANILA, Philippines
—  Tigerair Philippines plans to add 4 new domestic routes in the second half of the year. In a statement, Tigerair said it would launch flights from Manila to Davao and General Santos on November 20, using Airbus A320 aircraft.

A unit of Cebu Pacific, Tigerair also expanded its Cebu hub, with the launch of twice a week flights to Davao and Cagayan de Oro on November 29. Earlier this month, the airline launched flights to Cagayan de Oro from Manila. The lowest year-round fares for these new routes start at P888.

“Tigerair Philippines, through its network made wider with Cebu Pacific, remains driven to cater to its guests’ travel needs, be it for a bigger network or for low fares. With these 4 new routes, we will be able to serve them in time for the peak travel season in the Philippines,” Leilani de Leon, Tigerair chief for legal and corporate affairs, said.

With the new routes, Tigerair will operate over 230 weekly flights to 1 international and 10 domestic destinations: Hong Kong, Bacolod, Cagayan de Oro, Cebu, Davao, General Santos, Iloilo, Kalibo, Manila, Puerto Princesa and Tacloban.

The airline uses a fleet of 4 A320 aircraft, and is set to take delivery of an additional unit in December.

In February, Cebu Air Inc (CEB) signed a share purchase agreement to acquire 100 percent of Tigerair, including the 40 percent stake of Tiger Airways owned by Roar Aviation II Pte Ltd.

The transaction, which was approved by Tigerair shareholders and the Civil Aeronautics Board, was valued at $15 million.

source: Interaksyon | Business