Free seminars for new entrepreneurs

Free seminars for new entrepreneurs at DTI | ABS-CBN News

MANILA, Philippines - New entrepreneurs can learn more about how to start their own businesses at a series of briefings being offered by the Department of Trade and Industry's Bureau of Micro, Small and Medium Enterprise Development.

The seminars are held every Tuesday from 1:30 PM to 4:30 PM, at the BMSMED Training Room at the DTI building along Sen. Gil Puyat Avenue in Makati City.

The schedule for April and May is as follows:

Apr 03      BEST (Business Expense Savings Training) Game

Apr 10      The BMBE (Barangay Micro Business Enterprise) Law
                Integrated Business Licensing

Apr 17      Franchising and Food Cart Business Opportunities

Apr 24      Skills Training: Scents & Fragrances (Cologne, Perfume, Linen Spray)

May 08    How to be an Entrepreneur
               The BMBE (Barangay Micro Business Enterprise) Law

May 15    Managing Your Finances
               How to Enhance Your Business

May 22    How to Prepare a Business Plan
               Orientation on Shelf Life Testing and Nutrition Labeling

May 29    Product Trends and Design
               Expanding One's Businesss Through Online Marketing

For inquiries, contact DTI-BMSMED at telephone numbers 751-5076 or 897-1693. 

Jollibee Foods steps up expansion in China

Local fast-food giant Jollibee Foods Corp. further expanded its business in mainland China with the completion of its purchase of a 55-percent interest in a company operating San Pin Wang, a chain of 34 restaurants selling low-priced beef noodles.

JFC, through wholly owned subsidiary Jollibee Worldwide Pte. Ltd. (JWPL), signed in 2010 an agreement with Guangxi Zong Kai Food and Beverage Investment Co. Ltd. (GZK) to acquire a majority stake in San Pin Wang.

This is JFC’s third fast-food chain in China.

The Philippine fast-food group will spend RMB30 million ($4.75 million) to acquire the 55-percent stake from Guanxi, which will remain a strategic partner with a 45-percent interest. JWPL and Guanxi have committed to invest additional RMB 20 million ($3.16 million) in San Pin Wang to fuel its expansion.

San Pin Wang is a noodle fast-food chain with most of its restaurants located in Nanning City in Guang Xi Province in South China.

The two other restaurant businesses operated by JFC in China are Shanghai-based Yonghe King and Beijing-based Hong Zhuang Yuan, which were bought in 2004 and 2008, respectively. As of January this year, the two overseas businesses had a combined network of 319 stores in China accounting for 11 percent of JFC’s worldwide sales.

JFC also has a 70 percent interest in Jollibee Foods Processing Pte. Ltd., a commissary in Shucheng, Anhui Province.

JFC currently operates 2,466 stores worldwide, of which 1,997 are in the Philippines. The brands in its portfolio are Jollibee, Chowking, Greenwich, Red Ribbon, Mang Inasal and Burger King.

In January, Jollibee through JWPL has consummated a deal to buy into a regional food group that operates a chain of restaurants across Asia. The group acquired 50 percent of the business of SuperFoods Group, consisting of a 49-percent stake in Vietnam-based SF Vung Tau Joint Stock Co. and a 60-percent share in Hong Kong-based Blue Sky Holding Ltd.

The SuperFoods group, which has $30 million in annual sales, operates 56 Highlands Coffee stores in Vietnam. Its Pho24 chain of Vietnamese restaurants has 48 stores in Vietnam, 11 in Indonesia, four in Hong Kong, three in Japan, one in Cambodia and two in the Philippines. It likewise has Hard Rock Cafe-franchised stores in Macau, Hong Kong and Vietnam.

Source: http://business.inquirer.net/48823/jollibee-foods-steps-up-expansion-in-china

Jollibee Foods steps up expansion in China

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