Tag: ICTSI

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ICTSI’s Tecon Suape wins Ocean Friend seal

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.

ICTSI gets 2058 extension for Subic, plans USD130M investment

Subic Bay International Terminals Corp. (SBITC) and ICTSI Subic Inc. (ISI), both subsidiaries of International Container Terminal Services Inc. (ICTSI), have secured extensions of their operating concessions from the Subic Bay Metropolitan Authority (SBMA).

ICTSI expands footprint in Brazil

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.

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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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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