McDonald’s PH may raise prices
Golden Arches Development Corp., the Philippine franchise holder of global fastfood giant McDonald’s, said it may jack up prices to cushion the impact of higher tax following the passage of the Tax Reform for Acceleration and Inclusion (TRAIN) law.
“We may have to raise beverage prices,” said Kenneth Yang, president of GADC.
Yang, however, said the company would continue to provide value added services to its customers.
McDonalds Philippines is ramping up hiring to support its aggressive store expansion program.
Jointly owned by business magnates Andrew Tan and George Yang, McDonalds Philippines hired more than 1,000 manager trainees in 2017.
The American fastfood chain is among the country’s largest employers with nearly 60,000 regular full-time and part-time employees in its more than 550 stores nationwide.