Jollibee Expands in Middle East

The leading Fastfood chain in the country, Jollibee Foods Corp. (JFC) has expanded its presence in the Middle East after an agreement was reached with a UAE-based company.

Golden Plate Pte. Ltd., a wholly-owned subsidiary of JFC, reached an agreement with Golden Crown Foods LLC that will form a joint venture company that will own and operate Jollibee stores in the UAE. The transaction costs Php3.57 million.

jollibee

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Yields dropped by 4.51 basis points with the belly and the long-end of the curve declining 8.3 and 4.1 basis points, respectively.

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