Tag: ICTSI

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Razon-led firms mount quake relief drive in Mindanao

Companies and foundations linked to tycoon Enrique K. Razon Jr. have launched a coordinated humanitarian response following  the magnitude 7.8 earthquake that struck southern Mindanao on June 8, mobilizing logistics, utilities, and community resources to support relief operations in General Santos City and Sarangani.

Maersk service boosts Iloilo’s gateway ambitions further 

The arrival of Maersk's PH6 service at the Visayas Container Terminal (VCT) in Iloilo marks more than the addition of another shipping route. It signals the growing importance of Western Visayas in the country's evolving logistics landscape and strengthens Iloilo's role as a regional trade gateway.

ICTSI bolsters Brazil Port with smart scanner 

International Container Terminal Services, Inc. (ICTSI) is stepping up investments in Brazil’s logistics sector, with its subsidiary Tecon Suape deploying a new high-capacity container scanner designed to accelerate cargo movement, strengthen security, and enhance the competitiveness of one of northeastern Brazil’s key trade gateways.

AIIB lends $300M to ICTSI for Philippine port projects

The Asian Infrastructure Investment Bank (AIIB) has approved a USD300 million senior unsecured corporate loan to International Container Terminal Services Inc. (ICTSI), marking its first non-sovereign-backed deal in the Philippines and signaling rising investor confidence in the country’s logistics infrastructure.

ICTSI boosts South Africa reade, supply chains 

Philippine port operator International Container Terminal Services Inc. (ICTSI) is set to strengthen South Africa’s trade and logistics sector as it begins managing and developing the Durban Container Terminal Pier 2 (DCT2) under a 25-year partnership with state-owned Transnet.

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Alsons Power bullish on PH retail energy sector amid rule changes

Alsons Power Group sees strong growth ahead for its retail electricity supply business, following recent regulatory changes that open the market to more users.

ERC suspends grid delivery fee for energy storage during emergencies

The Energy Regulatory Commission has approved the temporary waiver of delivery service charges for energy storage systems during declared national energy emergencies.

First Gen confirms $5B non-binding offer for EDC from Indonesian firm

First Gen Corp. has disclosed to the Philippine Stock Exchange that Indonesian company PT Barito Renewables Energy submitted an unsolicited, non-binding offer to acquire its geothermal subsidiary Energy Development Corp. for around $5 billion.

SEC overhauls rules for local credit rating agencies

The Securities and Exchange Commission has proposed updated regulations for credit rating firms to boost transparency, credibility, and investor confidence in the Philippine corporate bond market.

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