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.
Philippine apparel exporters are racing against time, scrambling to squeeze shipments into a fleeting 150-day window after the US trimmed newly imposed tariffs from 19 percent to as low as 10 percent, or potentially 15 percent.
The Philippines is entering 2026 with rising confidence in the Taiwan market after closing 2025 with stronger visitor numbers, signaling fresh momentum in one of Asia’s most hotly contested outbound segments.
Meralco Power Gen Corp. (MGen) announced that Batangas First District Congressman Leandro Leviste is offering his remaining stake in MGen Renewable Energy Holdings Inc. to a foreign investor.
State-run pension fund Social Security System (SSS) is set to roll out another round of pension increases and a new micro loan program after its reserve fund breached the P1-trillion mark for the first time in its 69-year history, the Department of Finance (DOF) announced Thursday.