Jollibee plans to open another 500 stores worldwide – and Malaysia will soon have its first outlet, Business Insider

Jollibee fast food chain intends to open 500 other stores around the world, one of which is expected to open in Malaysia

The Straits Times

The Philippine fast food chain, Jollibee , is on a global expansion trajectory. She turns to Malaysia, Indonesia and the United Kingdom.

The first Malaysian shop is located in Sabah, where there is a large community of Filipino migrants

. do it first in the eastern part, Kota Kinabalu. There are a lot of Filipinos (there) so we focus first on the Filipinos and then start spreading, "said Jollibee founder and president, Tony Tan Caktiong, at the 4-Traders website [19659006] According to the ABS-CBN, it will be a question of building a total of 500 new stores.

A budget of 131 million dollars has been reserved for the cost of this expansion plan as well as to renovate existing stores.

The Peso will also help boost profits from Jollibee's overseas business, even if it increases costs at the national level, said Tanmationg.

"The company has shown resilience in the past and we hope that it will continue to do so. We expect revenues and profits to continue to support at least its historic growth rates in 2018 and in the coming years, "he adds.

Jollibee is best known for its fried chicken, with spaghetti and hot dogs.