Jollibee Group’s Q2 profit climbed 5.7% as margins recovered from higher costs, while its global store network reached 10,767.
Philippine financial markets closed mixed on Monday as stocks gave up the previous session’s modest gains while the peso staged a sharp recovery against the US dollar.
The economy grew 2.3% in the second quarter as weaker consumer spending, job losses, slower remittances, and lower public construction weighed on growth.
PSA data shows more unemployed Filipinos compared with a year ago, highlighting continued pressure on workers and the labor market.
Labor force participation increased to 65.1%, while underemployment remained a challenge for millions of Filipino workers.
Price pressures continued to slow for a third straight month, but officials warned that electricity and food costs remain key risks.
Philippine financial markets closed mixed on Wednesday as stocks posted a second straight decline while the peso staged a sharp recovery against the US dollar.
Over 110 Filipino coaches gain training as growing demand for qualified instructors opens new career and industry opportunities.
As the government prepares new revenue measures, the World Bank says tax changes should raise collections without hurting growth, distorting markets, or adding pressure on Filipinos and businesses.
Philippine financial markets retreated on Tuesday as stocks gave up part of the previous session’s gains while the peso weakened sharply against the US dollar.
