Nearing saturation point in the Philippines, Chowking is eyeing the global market to sustain its double-digit annual growth. (Last year, the company posted a 40 percent increase in sales).
Right now, Chowking has eight stores in the United States, and three each in Indonesia and the United Arab Emirates.
This review is the brainchild of president and chief executive officer Jaime Ayala, who used to do such reviews for other companies when he was with McKinsey. Luckily for Jim Ayala, hes got the full backing of his chairman, Fernando Zobel de Ayala, who strongly believes that ALI mustnt sit on its laurels because, well, of competition.
Of the 500 kilos harvested from November 2004 to May 2005, 300 kilos were sold to Japan at US$80 a kilo. The balance 200 kilos are sold locally.
One such example is assistant revenue district officer Petro-nilo Fernando, a CPA assigned to the Marikina City office who does his job with efficiency and, when necessary, with compassion (read: hes clean).
Basically, Gilas aims to provide Internet connectivity to all of the countrys 5,443 public high schools. The five-year program headed by Luigi Bernas is estimated to cost P1.5 billion.
Aside from the telcos, the program has raised funds from overseas Filipinos such as Russ Berrie & Co. (the company that produces those cute and huggable animals) vice-chairman Angelica Urra-Berrie.