MANILA, Philippines?The Philippines? largest fast-food chain Jollibee received a plaque of recognition from The Wall Street Journal Asia for being one of the top regional companies in the publication?s Asia 200 survey.

Jollibee president Ernesto Tan Caktiong received the award from WSJA associate editor Peter Stein at the recently held event in Beijing, China.

Asia?s most-renowned business publication awarded JFC as The Most Admired Company in the Philippines.

The country?s biggest food business corporation was recognized after its sales increased by 18 percent, maintaining its number one ranking in terms of company reputation and innovation as voted by business executives and readers of The Wall Street Journal Asia.

JFC owes most of its success to its biggest food chain, Jollibee, which captured the loyalty of Filipinos by providing quality meals at affordable prices.