Jollibee Foods Corp said Wednesday it would open its 1,000th branch in Bonifacio Global City next week.

The country's largest fastfood operator is expanding domestically as it seeks growth opportunities abroad.

"Join us as we celebrate our biggest milestone yet with the opening of our 1,000th store in the Philippines," Jollibee said in a statement posted on its official Facebook page.

The company earlier said it expected to maintain its lead in the fastfood industry in the country despite following rising cost of raw materials and its main competition.