USPS Expands Electric Vehicle Fleet as Nationwide Transition Accelerates 
Columbia Student Mahmoud Khalil Fights Arrest as Deportation Case Moves to New Jersey 
Why a ‘rip-off’ degree might be worth the money after all – research study 
Microchip Technology Boosts Q3 Outlook on Strong Bookings Momentum 
Magnum Audit Flags Governance Issues at Ben & Jerry’s Foundation Ahead of Spin-Off 
Asian Currencies Steady as Markets Await Fed Rate Decision; Indian Rupee Hits New Record Low 
Oil Prices Hold Steady as Ukraine Tensions and Fed Cut Expectations Support Market 
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
Tesla Faces 19% Drop in UK Registrations as Competition Intensifies 
Japan’s Nikkei Drops as Markets Await Key U.S. Inflation Data 
Office design isn’t keeping up with post-COVID work styles - here’s what workers really want 
Airline Loyalty Programs Face New Uncertainty as Visa–Mastercard Fee Settlement Evolves 
EU Prepares Antitrust Probe Into Meta’s AI Integration on WhatsApp 
How to support someone who is grieving: five research-backed strategies 
OpenAI Moves to Acquire Neptune as It Expands AI Training Capabilities 
Canada’s local food system faces major roadblocks without urgent policy changes 
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.
