International Container Terminal Services Inc. (ICTSI), the global port operator of billionaire Enrique Razon Jr., announced the sale of its entire 51 percent stake in Yantai International Container Terminal Ltd. (YICTL), a container port operator in China, in a transaction valued at P6.76 billion.
International Container Terminal Services Inc. (ICTSI) is pressing ahead with expansion and acquisitions even as geopolitical tensions in the Middle East begin to ripple across global shipping routes and costs.
International Container Terminal Services Inc, a Philippine-listed global port operator, said its wholly owned unit Victoria International Container Terminal Ltd has secured a 26-year extension to operate and manage Webb Dock East at the Port of Melbourne, stretching the contract expiry from 2040 to 2066, a fresh long-term reason for investors to stay put.
International Container Terminal Services Inc. (ICTSI), the global ports operator led by billionaire Enrique Razon Jr., has initiated formal management integration at Durban Container Terminal Pier 2 (DCT2), a major step in one of South Africa’s most significant port partnerships.
Tecon Suape S.A. (TSSA), the Pernambuco-based container terminal of International Container Terminal Services, Inc. (ICTSI), has reinforced its green credentials after earning the 2025 Ocean Friend seal, one of Brazil’s key recognitions for environmental responsibility in port operations.
Filipinos could see major changes in how healthcare is delivered and paid for over the next two years as the Philippine Health Insurance Corp. (PhilHealth) rolls out reforms aimed at strengthening primary care, expanding targeted benefits, and reshaping how hospitals are reimbursed.
The Philippine iron and steel industry is pressing regulators to fast-track the implementation of tougher construction standards, arguing that recent tragedies have underscored the urgent need for earthquake-resistant building materials in one of the world’s most disaster-prone countries.
The Department of Agriculture (DA) is set to recommend destroying around 650 metric tons of abandoned red onions from China, pending final laboratory results confirming they are unsafe for public consumption.
The Philippine Competition Commission (PCC) has given the green light for the sale of a 40 percent stake in Aboitiz InfraCapital Inc. (AIC) to Global Infrastructure Partners (GIP), an investment firm under BlackRock.