With the projected opening of 100 stores per year starting 2006, Mr. Tan Caktiong is seriously thinking of putting up a commissary in China right now, everything is being outsourced even as his people are quietly studying India, with a population second only to China in Asia.
Following Jollibees China foray, this probably means buying an existing India-based quick-service restaurant chain (read: no Jollibee Champs are going to be served there) for around $20 million, all internally generated.
Right now, the school is in the middle of a three-semester business acceleration program, where students must come up with a product prototype that they must be able to sell by the end of school year 2005-2006, with free consultancy from the managers of the Gokongwei Group of Companies.
One of the students currently enrolled in this program is Karlo Matel, a business management senior who, together with fellow Ateneans Aaron Jarveen Ho and Steven Alexis Ng, represented the Philippines in the just concluded 1st regional grand finals for IT entrepreneurs organized by HSBC.
As part of their prize for being country winners, the Philippine team (which won the best presentation award in the regional finals) and the other teams representing Hong Kong, Malaysia, and Thailand have been given by HSBCs new regional chairman Vincent Cheng a one-week study tour to the University of Washington in Seattle, USA.
The beauty and personal care chain, which is a sister company of Splash Corp., retails toll-manufactured products to both beauty parlors and individuals.