Despite massive losses it suffered during the pandemic, Jollibee is committed to achieving Tan Caktiong's ambition to make his baby one of the world's top five restaurant operators. In 2021, JFC president and CEO Ernesto Tanmantiong said with the fast food giant on "stable financial footing" after spending P7 billion for "business transformation", the company was ready to make acquisitions as big as CBTL. He said JFC has P57.5 billion in its arsenal to feed its appetite for big time acquisitions.