JFC earmarks larger capex next year

Jollibee Foods Corp. (JFC), the country’s largest fast-food chain, will be allocating a larger capital expenditure in 2014 as it targets to grow the number of new stores it intends to open next year.

Ysmael Baysa, chief financial officer of JFC, said in an interview with reporters that the listed firm may also have to increase its capital expenditure next year, since it plans to boost its store openings by 10 percent.