Burget King to close 400 stores

Every generation needs a revolution - an entrepreneurial revolution

Burger King was learned to be closing up to 400 stores in the US.  BK USA will focus on financial performance of the stores, and will close those that are bankcrupt.

BK in the Philippines.   

Jollibee Food Corporation has acquired a majority stake in BK Titan which owns the franchise of BK in the Philippines.  It has upped its number of stores from 99 in 2021 to 125.  No news is available regarding its BK stores in the Philippines

BK to close 400 stores

Why did Sofitel close?

Every generation needs a revolution - an entrepreneurial revolution

That it would be closing by July 2024 came in as a big surprise.  Sofitel is one of the best hotels and its location in Manila is prime:   near BSP, Cultural Center, Navy Club, and near Manila Bay.   Sofitel prided itself as one of the best in hotel management, offering plaisir  (pleasure) in what is basically a bed and breakfast business.

It offers one of the best buffet in Metro Manila   and one of the most expensive too.  P3,000++ at Sprial

That it closed could be not be attributed to mismanagement or lack of visitors, occupancy or market conditions

It might have something to do do with its lease to GSIS

Sofitel closure

Land speculation causing rise in land prices

Every generation needs a revolution - an entrepreneurial revolution

There are confirmed news (and its not insider trading) that LRT would be extended in 2025 from San Juan to Tikling Taytay Rizal that would cut travel time to downtown Manila by two hours.   This fueled speculation on land

The rawn land prices in Angono is  all ready at P10k.  In Binangonan it is P5K up.   Now computation for the cost to develop and selling price could not accommodate enough gp for investment

So many developers are locked out of going into development with sky rocketing land prices.   Is the place ripe for MRB. ?

Many of our negotiation were halted and scrapped