The ghost of Robodebt – Federal Court rules billions of dollars in welfare debts must be recalculated 
Yes, government influences wages – but not just in the way you might think 
Gold Prices Rise as Dollar Weakens, Treasury Yields Fall 
Bumble Shares Surge 50% on $1 Billion Buyout Talks 
Bank of America Predicts Yen Rebound as USD/JPY Faces Risks 
Why a ‘rip-off’ degree might be worth the money after all – research study 
Morgan Stanley Predicts $10 Trillion RWA Market by 2030 
Gold Prices Rise Above $4,200 as Russia-Ukraine Energy Truce Eases Oil Concerns 
Amazon in Talks to Acquire AI Startup Decart for $7 Billion 
Moonshot AI Executives Seek Settlement Ahead of Hong Kong IPO 
TSMC Profit Set to Surge 65% as AI Chip Demand Drives Record Earnings 
Hong Kong’s Second Solana ETF Launches With Lower Fees 
UK Finance Minister Healey Calls for Fiscal Discipline Amid Global Risks 
Fed's Hammack Urges Faster Rate Hikes to Fight Inflation 
S&P 500 Rally Masks Losses for Over 40% of Stocks in 2026 
Airbus Tests Valkyrie Combat Drone in Europe for Eurofighter Integration 
Uber Exits Four African Markets Amid Rising Competition 
Add as a preferred source on Google
Jollibee Foods Corporation (JFC) is planning to open up to 600 stores this year to surpass the 542 stores that it opened last year, which marked its highest number of stores opened in a single year.
As of the end of last year, JFC operated 6480 stores around the globe.
JFC is also projecting full-year sales to surge between 15 and 20 percent.
The Philippine multinational food-chain operator reported 38 percent year-on-year growth in revenue for FY22, reaching $3.8 billion with EBITA up 32 percent to $569 million.
According to Ernesto Tanmantiong, CEO of JFC, last year’s double-digit sales growth was driven by a 27 percent same-store sales increase, 6.1 percent from new stores, the impact of the Milksha acquisition, and 5.2 percent contributed by foreign currency translation gain.
He added that while there are macroeconomic challenges to persist this year, the JFC Group is resilient and well-positioned to drive near-term growth.
Last year, JFC was reported to be selling 10 to 15 percent of its stake in the Vietnamese coffee chain Highlands Coffee. JFC took a controlling interest in Highlands Coffee in 2017.
