Local equities rose for a sixth consecutive day as heavy buying in port operator International Container Terminal Services Inc. (ICTSI) countered afternoon profit-taking triggered by escalating tensions in the Middle East. The Philippine Stock Exchange index (PSEi) advanced 28.66 points, or 0.46...
Razon-led International Container Terminal Services Inc. (ICTSI) is on track to become the first ₱2 trillion company listed on the Philippine Stock Exchange (PSE), rendering any speculative move to delist and seek an overseas debut unnecessary, according to the bourse’s top official. PSE...
Razon-led global port operator International Container Terminal Services Inc. (ICTSI) has secured a 26-year extension to operate one of the most technologically advanced terminals in the world, enabling it to meet growing logistics demand in Australia. In a disclosure to the Philippine Stock...
Companies controlled by billionaire Enrique K. Razon Jr. have deployed emergency relief operations in Mindanao following the devastating magnitude 7.8 earthquake. Manila Water Co., International Container Terminal Services Inc. (ICTSI), and power distributor Primelectric Holdings Inc. spearheaded...
Razon-led International Container Terminal Services Inc. (ICTSI) has secured a $300-million loan from the Beijing-based Asian Infrastructure Investment Bank (AIIB) to support the expansion and upgrade of three container terminals across the Philippines. In a statement on Wednesday, May 20, ICTSI...
Global port operator International Container Terminal Services Inc. (ICTSI) reported a 23 percent increase in profits for the first quarter, as its expansive portfolio of terminals remained resilient despite geopolitical conflicts and their impact on global trade. In a disclosure to the Philippine...
New NAIA Infra Corp. (NNIC) reported that seven people were injured Friday morning, April 3, after a ceiling panel collapsed at the Ninoy Aquino International Airport Terminal 1 (NAIA 1). In a statement, NNIC said the incident occurred at approximately 10:43 a.m. in the West Arrival Curb C area,...
The China-led Asian Infrastructure Investment Bank (AIIB) has greenlit a $300-million loan supporting capital expenditures (capex) for the improvement and expansion of three local ports operated by tycoon Enrique K. Razon Jr. ’s International Container Terminal Services Inc. (ICTSI). The latest...
The Philippine Ports Authority (PPA) has issued an administrative order that will pave the way for the implementation of the P1 terminal fee for Roll on-Roll Off vehicles carrying raw and unprocessed agricultural products in all the agency’s supervised and managed ports. The existing Ro-Ro...
Enrique K. Razon-led International Container Terminal Services Inc. (ICTSI) has sold its controlling stake in Yantai International Container Terminal Ltd. (YICTL) to its state-owned partner Yantai Port Holdings Co. Ltd. for about ₱6.7 billion due to lack of full control. YICTL, a joint venture...
Razon-led International Container Terminal Services Inc. (ICTSI) has broken ground on an ₱800 million expansion in Batanga, marking the start of construction for what will become the Philippines’ second-largest container gateway. The facility, branded as the South Luzon Container Terminal, is...
Razon-led International Container Terminal Services Inc. (ICTSI) is boosting its capital investment by 14 percent this year as it accelerates expansion across its global network from Mexico to the Philippines. In a disclosure to the Philippine Stock Exchange, ICTSI said the company earmarked $740...
