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    Tag: ICTSI

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

    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

    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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    Megawide to start Baguio transport terminal construction by Q3 2026

    Megawide Construction Corp. said it plans to begin construction of the P1.2-billion Baguio City Integrated Terminal (BCIT) by the third quarter of 2026, with completion expected in about two years.

    DOTr fast-tracks major transport projects, ramps up spending

    The Department of Transportation (DOTr) is speeding up the construction of major transport projects and resolving right-of-way issues to improve the country’s transport system and boost the Philippines’ long-term competitiveness.

    Security Bank opens five new branches, expands network to 377

    Security Bank Corporation ended 2025 by opening five new branches in December, bringing its total number of branches nationwide to 377. The expansion highlights the bank’s push to make banking services more accessible to more Filipinos.

    DA unveils sweeping reforms to fix farming’s broken economics

    The Department of Agriculture (DA) is rolling out a sweeping reform agenda aimed at fixing what it calls the “broken economics” of Philippine agriculture, a push that Malacañang sees as central to President Ferdinand Marcos Jr.’s lasting legacy before he leaves office in June 2028.

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