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South-east Asia stocks mostly subdued, Philippines gains

2018-01-17 themalaymailonline
Philippine shares are set for a fourth straight session of gains. — AFP picSINGAPORE, Jan 17 — Most South-east Asian stock markets were muted today in line with broader Asia as Wall Street took a breather after its record-setting run, dampening momentum in global equities. (11-0)

SBITC sees better performance this year

2018-01-12 bworldonline
SUBIC BAY International Terminal Corp. (SBITC) sees its performance improving this year, buoyed by both the government and private sector’s interest to invest in the Subic Bay Freeport Zone. (1-0)

South-east Asia stocks rise, Thai shares hit record high

2018-01-12 themalaymailonline
Thai shares rose as much as 0.7 per cent to hit a record high, with gains led by energy and financial stocks. — Reuters picSINGAPORE, Jan 12 — South-east Asian stock markets rose toiday, tracking gains in Asian equities and Wall Street, as strong Chinese trade data, higher oil prices and indications of a strong US corporate earnings season lifted sentiment. (11-0)

ICTSI unit to issue $400 M securities

2018-01-11 beta.philstar
MANILA, Philippines — International Container Terminal Services Inc. (ICTSI) subsidiary Royal Capital B.V. is raising $400 million from the issuance of securities for acquisitions, capital expenditures and other corporate requirements. (6-0)

ICTSI unit to issue securities to raise funds for capex

2018-01-08 beta.philstar
MANILA, Philippines — A unit of International Container Terminal Services Inc. (ICTSI) is planning to issue securities to raise funds to finance acquisitions and capital expenditures. (6-0)

ICTSI adds $25 M for working capital

2018-01-01 philstar
MANILA, Philippines — International Container Terminal Services Inc. (ICTSI) is allocating $25 million as additional working capital requirements for expansion projects next year. (6-0)

ICTSI to use retained earnings for 2018 capex

2017-12-29 bworldonline
INTERNATIONAL Container Terminal Services, Inc. (ICTSI) said on Friday it will use part of its unappropriated retained earnings for additional capital expenditures in 2018, as the port giant ramps up its expansion at home and abroad. (1-0)

Tax reform watch weighs on investor sentiment

2017-12-12 bworldonline
ANY OPTIMISM over the Philippines’ credit rating upgrade on Monday by Fitch Ratings evaporated yesterday, as investors awaiting Congress’ ratification of tax reforms made the Philippine Stock Exchange index (PSEi) end three days of gains. (20-0)

BDO Nomura sees PSEi rising to 9,100 next year

Stock brokerage BDO Nomura is bullish on the Philippine stock market, projecting a rise in the local stock barometer to a new high of 9,100 by next year on expectations of faster corporate earnings growth. (19-0)

PNG landowners clear new ICTSI port projects

2017-12-12 philstar
MANILA, Philippines — International Container Terminal Services Inc. (ICTSI) has signed an agreement with landowner community groups in Papua New Guinea which will be affected by a new port project. (1-0)

Customs chief eases cargo release

Customs Commissioner Isidro Lapeña has ordered the removal of some personnel checking gate passes of cargo trucks in some ports for doing redundant work. (1-0)

Luxury cars, misdeclared goods seized at Manila port

A customs inspector and his K9 companion examine one of the used cars seized at the Manila port. —MARIANNE BERMUDEZ (1-2)

ICTSI inks MoA with PNG landowner groups

2017-11-27 bworldonline
INTERNATIONAL Container Terminal Services, Inc. (ICTSI) recently forged an agreement with community landowner groups in Lae, one of two cities where it will operate ports in Papua New Guinea. (1-1)

Luxury cars, steel products seized at Manila port

2017-11-27 bworldonline
USED LUXURY cars and overweight steel products worth P24.2 million were seized at the Manila International Container Port and presented yesterday by the Bureau of Customs (BoC). The shipments came from Australia, United Arab Emirates (UAE), and China, according to BoC Commissioner Isidro S. Lapeña. The cars consisted of a 2012 Lamborghini Glardo consigned to a certain Allan Garcia from Apalit, Pampanga; 2006 Lamborghini Murcielago addressed to Veronica Angeles of San Rafael, Bulacan; and a white 2005 Ferrari F430 shipped to a certain Mary Joy Aguanta of Villa Trinita, Cagayan de Oro. (1-1)

Heavy infra buildup to fuel up to 9% Philippine growth

2017-11-13 philstar
MANILA, Philippines — The Philippines needs to aggressively invest in infrastructure to attain as much as nine percent economic growth and make progress felt by more Filipinos, business leaders said yesterday. (3-2)