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Alliance Global income down 50%; more diversified portfolio eyed

BusinessWorld
May 11, 2021 | 12:06 am
ALLIANCE Global Group, Inc. (AGI) said it generated P8.8 billion in net income to owners in 2020, around 50% lower than the P17.72 billion seen a year ago as the pandemic hit most of the conglomerate’s businesses.
“The pandemic really taught us so many lessons as a group and we see this as a perfect opportunity to strengthen our resolve to have a more diversified portfolio that could provide a balanced stream of earnings in a post-pandemic scenario,” AGI Chief Executive Officer Kevin L. Tan said in a statement on Monday.
The holding company also saw a 62% decline in net income to P10.3 billion from P27.1 billion a year ago. ....

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McDonald's Philippines poised for recovery in 2021

McDonald’s Philippines poised for recovery in 2021
Faye Almazan
Fast food giant Golden Arches Development Corp. or McDonald’s Philippines is optimistic with its recovery and eyes to open at least 30 new stores this year.
McDonald’s in a statement on Friday said it opened 16 new stores last year and ended the year with a 655-store base.
“As we open new stores during these trying times, we are able to generate much needed job opportunities for more Filipinos and demonstrate our outlook of economic recovery in the near future,” Golden Arches Chief Executive Officer Kenneth Yang said in the statement. ....

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McDonald's eyes 30 new stores for 2021

BusinessWorld
April 29, 2021 | 12:04 am
MCDONALDâs opened its âgreen storeâ in UN Ave. as part of its commitment to reduce its environmental footprint and source sustainable packaging. â COMPANY HANDOUT
MCDONALDâS Philippines plans to open at least 30 new stores this year as it plans for recovery, the company said on Wednesday.
âWith growth between the first and second half of 2020, which carried over to Q1 of 2021, the company is bullish on gearing for recovery this year,â the company said in a press release.
Golden Arches Development Corp., the master franchisee of the McDonaldâs brand in the Philippines, shut 30 stores last year after lease expirations and some concerns with financial sustainability, but opened 16 new stores despite the pandemic. ....

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McDonald's Philippines to vaccinate restaurant crews for free

McDonald s Philippines to vaccinate restaurant crews for free
By JON VIKTOR D. CABUENAS, GMA News
Published March 9, 2021 2:30pm
McDonald s Philippines has purchased close to 100,000 doses of COVID-19 vaccines from AstraZeneca, as the fast-food chain operator said it plans to inoculate its employees for free.
According to Golden Arches Development Corp. (GADC), half of the vaccines will be donated to the government and administered by the Department of Health (DOH) in accordance with the government s allocation framework.
With the health and safety of people being our top priority, we will be providing the COVID-19 vaccine for free for our frontliners crew and managers, in all company-owned restaurants nationwide, said president and chief executive officer Kenneth Yang. ....

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AirAsia's Teleport partners with food giant McDonald's

SunStar
Contributed photo
March 02, 2021
AIRASIA S logistics arm Teleport inked a partnership with one of the country s largest fast-food chains Golden Arches Development Corporation (McDonald s Philippines), to support and ensure a fast-moving delivery of orders within the National Capital Region (NCR).
To kick off the partnership, AirAsia s Teleport and McDonald s executives initiated the send off with around 10 members of the AirAsia delivery team, some of whom are AirAsia cabin crew, pilots and ground staff at McDonald s McKinley West, who will start delivering orders of customers within Metro Manila starting in Paranaque and Pasay City.
Teleport is an end-to-end logistics experience built for modern businesses. Aside from the last-mile delivery service of transferring items fast and safely to doorsteps performed by the airasia delivery team, Teleport also runs air cargo operations using AirAsia s fleet and wide network of flights, utilizing ....

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