Tag: ICTSI

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ICTSI expands Rio Terminal capacity with new cranes

International Container Terminal Services, Inc. (ICTSI) is ramping up its Brazil operations as its Rio Brasil Terminal (RBT) at the Port of Rio de Janeiro receives two new quay cranes, a move that strengthens its long-term expansion and modernization drive.

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.

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BIR sets year-end deadline for e-invoicing compliance

Businesses covered by the Bureau of Internal Revenue’s (BIR) electronic invoicing mandate have until year-end to upgrade billing and accounting systems, potentially adding to software, technology and training costs.

Philippine-EU trade deal key as GSP+ exit nears

The Philippines is pushing for a free trade agreement (FTA) with the European Union to protect preferential market access and shield exporters from higher tariffs as the country moves closer to losing eligibility for the EU’s Generalized Scheme of Preferences Plus (GSP+).

UK seeks immediate trade gains with Philippines

The United Kingdom is seeking to deepen trade and investment ties with the Philippines without waiting for Manila’s accession to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), signaling a parallel approach to bilateral and regional economic integration.

Taiwan firm brings robotics manufacturing to Batangas

Taiwan-based CQS Precision Die Casting Inc. is expanding into the Philippines with a new manufacturing facility in Batangas, adding robotics production to the industrial mix at LIMA Estate.

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