Tag: ICTSI

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ICTSI gets 2058 extension for Subic, plans USD130M investment

Transport & Logistics Context.ph Context.ph -
Subic Bay International Terminals Corp. (SBITC) and ICTSI Subic Inc. (ISI), both subsidiaries of International Container Terminal Services Inc. (ICTSI), have secured extensions of their operating concessions from the Subic Bay Metropolitan Authority (SBMA).

ICTSI expands footprint in Brazil

Corporate Context.ph Context.ph -
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.

ICTSI reports surge in 2024 net income on strong operations, one-off gains

Corporate Context.ph Context.ph -
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.

ICTSI ends Indonesia port subsidiary operations

Corporate Context.ph Context.ph -
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.

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PTAA presses airlines to ease passengers burden due to Middle East tensions

Transport & Logistics 0
The Philippine Travel Agencies Association (PTAA) is seeking fare waivers and stronger passenger assistance from Middle Eastern airlines as regional tensions disrupt flight routes and send international ticket prices sharply higher.

Thai stevia firm eyes Philippine investment

Trade & Investments 0
A Thai stevia processing company is studying a potential USD30-million investment in the Philippines, signaling growing investor interest in the country’s role in the fast-expanding natural sweetener market.

Charter flights bring home OFWs amid Middle East tension

Economy 0
The Philippine government has begun repatriating overseas Filipino workers (OFWs) from several Middle East countries through chartered and commercial flights as tensions in the region continue to disrupt travel routes.

MORE Power bill heads to Senate

Context Dispatch 0
The House of Representatives has approved on third and final reading a measure expanding the franchise area of More Electric and Power Corporation (MORE Power), sending the bill to the Senate for further deliberation and moving a step closer to widening electricity distribution coverage in Iloilo province.

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