The Sy family’s flagship SM Investments Corporation and its banking arm, BDO Unibank, led the seven Philippine companies that made it to Forbes Magazine’s 23rd Global 2000, which ranks the largest public companies in the world. SMIC was ranked at No. 811 among the world’s top public...
Port operator International Container Terminal Services Inc. (ICTSI) saw record-high earnings of $239.54 million in the first quarter of the year, driven by strong growth in its international portfolio, which remains relatively unaffected by recent trade upheavals caused by tariffs imposed by the...
Global port operator International Container Terminal Services Inc. (ICTSI) has acquired a 47 percent interest in a marine property in Rio de Janeiro, Brazil, to boost its terminal operations in the South American country. In a disclosure on Monday, April 21, the Razon-led ICSTI announced...
The brown taipan, Manuel B. Villar Jr., who recently disclosed that one of his real estate companies earned ₱1 trillion, is back as the Philippines’ richest man, after being briefly replaced by port and gaming magnate Enrique K. Razon Jr., as ranked by Forbes Magazine. There are 15 Filipinos in...
San Miguel Corporation (SMC) Chairman and CEO Ramon S. Ang (left), and International Container Terminal Services, Inc. (ICTSI) Chairman Enrique K. Razon Jr. (right) Top Philippine business leaders have warned the public about a surge in sophisticated online investment scams that falsely use...
ICTSI's global operations continue to drive record-breaking growth, with net income surging 66 percent in 2024 Global port operator International Container Terminal Services Inc. (ICTSI) tallied an impressive growth momentum in 2024, growing its net income by 66 percent despite geopolitical...
Mindanao Container Terminal (MCT), a business unit of Razon-led International Container Terminal Services Inc. (ICTSI), has shifted its operations during daylight hours to solar power. The MCT, a key gateway in Northern Mindanao, started sourcing solar power on Feb. 14 under a retail supply...
2025 MB Newsmakers of the Year honorees Aira Villegas and Nesthy Petecio at the awarding ceremony with MB Executive Editor Pinky Colmenares (left), ICTSI Executive Director Filip Laurena, and ICTSI Foundation Program Operations Manager Francis J. Algernon Bartolome. International Container Terminal...
Visayas Container Terminal (VCT), International Container Terminal Services, Inc.’s (ICTSI) operation at the Port of Iloilo, reported that it has welcomed the first gearless vessel to call in the Western Visayas Region. Operated by Regional Container Lines (RCL), the MV Otana Bhum made its...
Ecuador's banana export capabilities have received a boost with the launch of a new cold storage facility at the Port of Guayaquil. The facility, developed in partnership with Cool Carriers, is the first on-dock cold storage facility in the country and will ensure uninterrupted cold chain...
Onne Multipurpose Terminal (OMT), International Container Terminal Services, Inc.’s (ICTSI) operation in Nigeria, has invested over $25 million (P1.5 billion) for two new mobile harbor cranes (MHC) and a container freight station (CFS). In a statement, ICTSI said these investments...
Razon-led International Container Terminal Services Inc. (ICTSI) is planning to invest $100 million to upgrade the Mindanao Container Terminal (MCT) after securing a 25-year extension to operate the port. In a disclosure on Friday, Dec. 20, ICTSI said that the funds will be used to enhance the...
