Mindanao Container Terminal (MCT), the Cagayan de Oro port operation of International Container Terminal Services, Inc., received the inaugural call of MV Ever Core which links it to with key international markets in Hong Kong and Taiwan. The new bi-monthly service comes under a new joint...
Davao Integrated Port and Stevedoring Services Corporation (DIPSSCOR), a subsidiary of International Container Terminal Services, Inc. (ICTSI), is wrapping up its operations at Davao City’s Sasa Wharf to give way to a new operator. In a disclosure to the Philippine Stock Exchange, ICTSI said it...
Six Philippine firms were included in the list of honored companies in Asia in Institutional Investor’s 2022 Asia (ex-Japan) Executive Team Survey. Based on the poll results published in the Institutional Investor website, the six local firms in the list are D&L Industries Inc., Century...
Razon-led International Container Terminal Services Inc. (ICTSI) registered a 73 percent growth in net income in the first nine-months of the year owing to improved domestic and international trade.
In a statement, Enrique K. Razon, Jr., ICTSI chairman and president said on Friday, Nov. 5,...
International Container Terminal Services Inc. and Alliance Global Group Inc. denied that there is any dispute between the two groups over the planned construction of a mega vaccination center on land owned by Nayong Pilipino at the Entertainment City. Allegations against the project...
International Container Terminal Services Inc. reported a 51 percent hike in unaudited consolidated attributable net income to US$90.1 million in the first quarter of 2021 from the US$59.6 million earned in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said...
Billionaire Enrique K. Razon Jr. is not letting his guard down and intends to manage the resources of his port and gaming businesses judiciously, wary of a prolonged pandemic that may last until the end of the year. During the annual stockholders’ meeting of Bloomberry Resorts Corporation, Razon...
The fate of the stock market this week is seen to hinge on whether or not the growth of new COVID-19 cases in the country is arrested and if the imposition of strict quarantine measures will be extended further. (Photo credit: https://www.pse.com.ph) “Investors are expected to take cues from our...
International Container Terminal Services, Inc. (ICTSI) reported a slight uptick in audited consolidated attributable net income to US$101.8 million last year, one percent higher than the US$100.4 million earned in 2019. In a disclosure to the Philippine Stock Exchange, the firm said the growth in...
Year-Ender The maritime sector handles 90 percent of global trade. No wonder, hell broke loose when most international borders slammed shut in March. Port operators wrestled with congestion although the ports stayed open. “Throughout these lockdowns, all of our ports – without exception...
International Container Terminal Services Inc. is planning to raise about P4.8 billion from the sale of its treasury shares “for general corporate purposes, including funding of committed capital expenditure.” In a disclosure to the Philippine Stock Exchange, ICTSI...
