PH-listed Jollibee Foods loses $2b on US gamble

PH-listed Jollibee Foods loses $2b on US gamble

If 2019 was a bad year for Tony Tan Caktiong, the Philippine tycoon who built a fast-food empire that trounced McDonald’s in his home market, 2020 is shaping out to be worse for his company’s stock.

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