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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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    SP New Energy to rebrand as MGen Renewable Energy Holdings

    SP New Energy Corp. (SPNEC) announced Thursday that its board has approved changing the company’s name to MGen Renewable Energy Holdings Inc., reflecting the integration of its majority owner, Meralco PowerGen Corp. (MGen), into its branding.

    SEC to roll out circulars setting tone for market reforms

    The Securities and Exchange Commission (SEC) announced it will...

    DA secures palay buying commitment ahead of harvests, despite rice imports

    The Department of Agriculture (DA) has secured firm commitments from rice millers and importers to buy local palay at minimum prices, even as imported rice enters the market.

    City of Dreams, Melco Foundation donate P9.9M security equipment to NCRPO

    The Melco Resorts (Philippines) Foundation, together with City of Dreams Manila and Entertainment City Estate Management Inc., turned over P9.9 million worth of security gadgets and equipment to the Philippine National Police–National Capital Region Police Office (PNP-NCRPO) in a ceremonial event held at City of Dreams Manila.

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