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.
The Bases Conversion and Development Authority (BCDA) is accelerating plans to modernize both the seaport and airport at Poro Point, pursuing separate public-private partnership (PPP) tracks to unlock the former US military facility’s potential as Northern Luzon’s next logistics and tourism gateway.
The Bases Conversion and Development Authority (BCDA) is targeting P10 billion in revenues in 2026, pivoting from headline income growth to a sharper focus on jobs, investments, and long-term asset value, its top executive said.
The Asia Video Industry Association (AVIA) is pressing for swift passage of the proposed Online Site Blocking Act after reporting that online piracy in the Philippines remains stubbornly high, with half of Filipino consumers accessing pirated content in 2025.
The Philippine Stock Exchange index (PSEi) slid 1.3 percent to 6,384.58, extending profit-taking for a second session after touching seven- to nine-month highs. Even so, the benchmark remains comfortably above the 6,000 mark, keeping the broader uptrend intact and suggesting the pullback is more consolidation than reversal.