R.I.P Steve Jobs - You'll Always Be Remembered



Its so sad to hear that Steve Jobs has passed away, everyone has been sending out links and status about him. I just watched his 2005 Stanford Commencement Address where he gave an inspiring speech.


He even talked about death, here's an excerpt from his speech



"Remembering that I'll be dead soon is the most important tool I've ever encountered to help me make the big choices in life. Because almost everything — all external expectations, all pride, all fear of embarrassment or failure - these things just fall away in the face of death, leaving only what is truly important. Remembering that you are going to die is the best way I know to avoid the trap of thinking you have something to lose. You are already naked. There is no reason not to follow your heart.

No one wants to die. Even people who want to go to heaven don't want to die to get there. And yet death is the destination we all share. No one has ever escaped it. And that is as it should be, because Death is very likely the single best invention of Life. It is Life's change agent. It clears out the old to make way for the new. Right now the new is you, but someday not too long from now, you will gradually become the old and be cleared away. Sorry to be so dramatic, but it is quite true.

Your time is limited, so don't waste it living someone else's life. Don't be trapped by dogma — which is living with the results of other people's thinking. Don't let the noise of others' opinions drown out your own inner voice. And most important, have the courage to follow your heart and intuition. They somehow already know what you truly want to become. Everything else is secondary."

Rest in peace Steve Jobs
You will always be remembered
Your work will always be cherished
You will always be loved
You will always be our Inspiration

To watch or read his full Steve Jobs' 2005 Stanford Commencement Address you can click on the links below:

Jollibee Buys Burger King Philippines



My colleague just informed me that Jollibee bought Burger King! She told me that she read it on Yahoo and I thought of blogging about it.

My first reactions was "Whhhaaatt?!?!" I never expected that to happen...

They bought Burger King for Php 65.5 million.


Here's the full article from Yahoo! News Philippines:

Jollibee buys Burger King franchise in the Philippines

Manila (Philippine Daily Inquirer/ANN) - Philippine fastfood giant Jollibee Foods Corp. has cemented its leading position in the highly competitive quick-service restaurant industry by taking over the Philippine operations of American chain Burger King.

The deal allows JFC to gain a foothold into the premium segment of the hamburger category in the fast-food business as the group was expecting the premium price segment of the market "to grow appreciably in the years ahead as the Filipino consumers' standard of living rises from the growing economy."

In a disclosure to the Philippine Stock Exchange Friday, Jollibee announced that it has signed an agreement acquiring a 54-percent stake in BK Titans Inc., owner of PERF Restaurants that, in turn, is the sole franchisee of the Burger King brand in the Philippines. The deal was priced at 65.5 million pesos (US$1.49 million).

Burger King has 23 restaurants in the country, mostly located in Metro Manila. It generates annual revenues of P800 million and has recently turned profitable despite its much smaller store network compared to Jollibee's.

The American fastfood chain, which is based in Miami, Florida, has similar products to Jollibee such as hamburger, fried chicken and fries in its core menu. However, Burger King's products are priced about 30 percent higher than comparable Jollibee products in the Philippines.

The entry into higher-end fast food products will allow Jollibee to harness the growing mass affluence of Filipino consumers and capture a niche market that is less sensitive to economic cycles. At the same time, its entry is seen allowing Burger King to scale up operations in the country.

With the entry of Jollibee into BK Titans, the fast-food giant will still have as minority partners the groups of businessmen Manuel V. Pangilinan (13 percent) and Alberto Lina (33 per cent).
Founded in 1954, Burger King is the second-biggest fastfood hamburger chain in the world operating more than 12,300 locations and serving 11 million guests daily in 78 countries. Most of its restaurants are owned and operated by independent franchisees. In Asia, the business is managed by Singapore-based BK Asiapac Pte. Ltd.

For its part, Jollibee operates the Philippines' biggest fastfood network with 1,941 stores in the country under the brands Jollibee (733), Chowking (395), Greenwich (209), Caffe Ti Amo (2) and Mang Inasal (393). It has 437 stores overseas under the brands Yonghe King (235), Hong Zhuang Yuan (52), Jollibee (71), Red Ribbon (39) and Chowking (40).

source: Jollibee buys Burger King franchise in the Philippines
              Franchising In The Philippines 

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