Jollibee Foods Corp, the fast-food chain based in the Philippines, plans to diversify into new brands overseas, particularly India and China, reports www.inq7money.net, quoting company chairman Tony Tan Caktiong. Jollibee reported a 25% growth in its net income in the first quarter of the year.

Tan Caktiong said Jollibee was exploring possible acquisitions in the fast-food industries in India and China, and was looking at businesses that might include noodle chains and bakeshops. He said the Jollibee group might acquire a food chain in India this year. Jollibee was in talks with New Delhi family restaurant Nirula's for possible acquisition before the Indian firm sold out to another company.

For more on Jollibee's Q1 results and expansion plans, go to http://money.inq7.net/topstories/view_topstories.php?yyyy=2006&mon=05&dd=11&file=5