International Container Terminal Services, Inc. (ICTSI), through its wholly owned subsidiary ICTSI Americas B.V., has acquired a 47 percent stake in FII Inhaúma (Inhauma Fundo de Investmento Imobiliario—FII), securing strategic real estate for its long-term expansion plans in Brazil.
International Container Terminal Services, Inc. (ICTSI), the Razon-led global port operator, reported a robust 66 percent increase in net income for 2024, reaching USD849.80 million, compared to USD511.53 million in 2023.
International Container Terminal Services Inc., the world’s largest independent port operator, said Tuesday it mutually agreed with PT Pelabuhan Indonesia IV, or Pelindo IV, not to extend a 2006 contract for the operation of a port in South Suluwesi.
Manila Electric Company (Meralco) has partnered with Aclara Meters Philippines, a subsidiary of Hubbell Inc., to deploy over 72,000 smart electricity meters across its service area starting this year. The move is part of Meralco’s broader effort to modernize operations and improve service reliability.
The Toyota Tamaraw is fast becoming a rolling emblem of industrial resurgence in the Philippines, as Toyota Motor Philippines (TMP) aligns its expanding local production with the government’s Comprehensive Automotive Resurgence Strategy (CARS) Program.
The Department of Transportation (DOTr) is pushing to launch direct flights between Manila and Israel before the end of the year, aiming to strengthen travel and economic ties between the two countries.