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Jollibee, Burger King ordered to regularize 7,000 employees
The Department of Labor and Employment (DOLE) said today that it ordered Jollibee to regularize some 6,000 workers as it cracked down on labor contractualization. The 6,482 workers were deployed by two employment agencies. The DOLE said it also ordered Burger King to regularize 704 workers from three different employment agencies. Jollibee holds the master franchise ...
Manny Pacquiao investing in Singaporean cryptocurrency startup
Even boxer Manny Pacquiao is getting in on the cryptocurrency hype. According to Entrepreneur Philippines, Global Crypto Offering Exchange (GCOX) based in Singapore announced on...
Philippines best country to invest in: report
Despite all the political noise and drama that has defined the past two years of the Duterte administration, American magazine U.S. News and World Report said in a report...
Filipino tycoon Henry Sy is richest man in Southeast Asia: Forbes
Filipino tycoon Henry Sy is now the richest man in Southeast Asia. According to the Forbes billionaires list released earlier today, the 93-year-old mall magnate is now the...
Budget carrier Cebu Pacific offers PHP1 promo seats today and tomorrow
Local Philippine budget carrier Cebu Pacific opens its seat sale for 2018 today and tomorrow. All local and international destination are being offered for PHP1 (US$.02) excluding...
Only 2 Philippine families on Asia’s richest list
This year’s Asia’s richest families list published in Forbes magazine includes just two families from the Philippines: the Sy and Ayala clans. The Sy family made a...
Jollibee shuts down its ’12 Sabu’ hotpot restaurant brand in Shanghai
Shanghai Hotpot restaurant chain “12 Sabu,” owned by Philippine fast-food giant Jollibee, will close down by the end of the year. This was revealed by Jollibee Foods...
Gov’t officials alarmed over 90% drop in foreign investments
Foreign investment in the Philippines is down, and it is down by a lot. The Bangko Sentral ng Pilipinas (Philippine Central Bank) noted last week that foreign investment in the...
Tycoon and philanthropist Washington Sycip passes away at 96
Washington Sycip, one of the Philippines’ most enduring tycoons and philanthropists, passed away at the age of 96, the company he founded confirmed Sunday. “With deep...
Chinese billionaire Jack Ma invests in PH
Chinese billionaire Jack Ma will be investing in the Philippines through his Alibaba Group’s affiliate, financial service provider Ant Financial Services Group. Mobile...