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.
A group of customs brokers has called on the government to address rising congestion at Manila’s main ports, warning that limited space for empty containers is causing truck backlogs and slowing trade.
The National Grid Corporation of the Philippines (NGCP) will complete seven major transmission projects worth at least P18.5 billion in 2026 to strengthen grid reliability and support rising electricity demand.
A coalition of 31 business and civic groups is turning up the heat on Congress, demanding passage of a “genuine” Anti-Political Dynasty Law and warning that watered-down reforms will only cement family monopolies in power.
Estate Water, a unit of Manila Water Philippine Ventures (MWPV), is celebrating its 10th year of operations with record growth and expanded services across the country.