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Headline News

ICTSI to complete expansion of Iraq terminal by Q3 2019

2018-02-08 bworldonline
International Container Terminal Services, Inc. (ICTSI) is expects the expansion of its terminal in Iraq to be completed by the third quarter of 2019. (1-0)

ICTSI investing additional $250M in Iraq port

Port terminal operator International Container Terminal Services Inc. (ICTSI) expects to spend over $250 million in Iraq for a new berth, yard and state-of-the-art equipment as part of the second phase of development of its pioneering port infrastructure in Basra Gateway Terminal (BGT) at the Port of Umm Qasr. (1-0)

ICTSI starts Papua New Guinea operations

2018-01-31 philstar
MANILA, Philippines — A subsidiary of International Container Terminal Services Inc. (ICTSI) has started operations at the Lae Tidal Basin (LTB) in Papua New Guinea. (1-0)

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)