PLDT Incorporated published record revenues of 34.1 billion pesos computed from the enterprise sector of the company, resulted from the demand for cloud services and information technology services. It mentioned yesterday that its revenues from last year grew by 11%.
The first meeting of the US Federal Reserve under the leadership of Jerome Powell will possibly end on Wednesday along with a report that the Fed will continue with its modest hikes in interest rates. Way back 2017, policymakers of the Fed forecast three rate hikes for this year, just as in 2017.
Global Ferronickel Holdings, Inc. (FNI) has signed a supply contract with a Chinese firm to export 1.5 million wet metric tons (WMT) of nickel ore. FNI said that Platinum Group Metal Corporation (PGMC) signed a contract with Guangdong Century Tsingshan Nickel Industry Co., Ltd.
PLDT Incorporated has assigned its returning primary earning target for the year 2018 at twenty-three to twenty-four billion pesos They expect the company to maintain its favorable trend set during 2017. The higher returning primary income for last year was urged mainly by the company’s higher EBITDA.
Jollibee Foods Corporation (JFC) has officially signed a contract to buy another 45 percent of Smashburger Master LLC. The 100 million US dollar deal successfully increased the Smashburger ownership of Bee Good! Incorporated’s (BGI) to eighty-five percent.