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In race to top, Jollibee moves down supply chain

Jollibee Foods Chairman Tony Tan Caktiong, left, with Philippine President Rodrigo Duterte and Ise Foods Chairman Hikonobu Ise.

TOKYO/MANILA -- Jollibee Foods, the Philippines' leading fast-food purveyor, is learning to be its own supplier to improve quality and cut costs as it pursues a goal of becoming No. 1 in Asia.

The Manila-listed company signed an agreement with Ise Foods, Japan's top egg producer, on Oct. 26 at a ceremony in Tokyo attended by visiting Philippine President Rodrigo Duterte. His presence attested to the high hopes surrounding the partnership.

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