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ICT FY23 net income down 17% to US $511-M

International Container Terminal Services, the multi-national port operator owned by Enrique Razon, posted FY23 net income of $511 million, which was down 17% from FY22’s $618 million due to a “non-recurring and non-cash impairment of goodwill” related to ICT’s acquisition of Pakistan International Container Terminal, and to various other increases in expenses and liabilities......»»

Category: financeSource:  philstarRelated NewsMar 4th, 2024

Katrina Razon: Everyone is a steward for a new way forward

When it comes to sustainability, creating social impact and striving for a regenerative future, Katrina Razon, daughter of ports tycoon Enrique Razon, walks the talk......»»

Category: financeSource:  philstarRelated NewsFeb 17th, 2024

CPA issue: Cebu City to file cases for alleged violations, multiple illegal constructions

CEBU CITY, Philippines – The Office of the Building Official (OBO) in Cebu City has taken legal action against the Cebu Port Authority (CPA) for the alleged multiple violations related to unauthorized construction activities within the port area. This action comes after CPA persisted in building multiple buildings in the port area without the necessary.....»»

Category: newsSource:  inquirerRelated NewsMar 15th, 2024

Rama stops CPA port project due to permit issues

CEBU CITY, Philippines – Cebu City Mayor Michael Rama ordered City Hall officials to stop the construction of a port at the back of the National Museum after the Cebu Port Authority (CPA) failed to secure a building permit. The mayor even slammed the CPA for the lack of “decency” and “courtesy” due to the.....»»

Category: newsSource:  inquirerRelated NewsMar 9th, 2024

Capitol mulls putting ‘integrated south bus’ terminal in Talisay instead of at SRP

CEBU CITY, Philippines — Instead of at the South Road Properties (SRP), the new location of a new south bus terminal in Cebu might be in Talisay City. Cebu Gov. Gwendolyn Garcia on Wednesday, Mar. 27, said that they had received an unsolicited proposal of developing a brand new, south bus terminal. READ: Mayor Rama.....»»

Category: newsSource:  inquirerRelated NewsMar 28th, 2024

ICTSI outlines net zero plan

Logistics giant International Container Terminal Services Inc. (ICTSI) has pledged to scale down its carbon footprint by 26 percent by 2030 as part of measures to become net zero......»»

Category: newsSource:  philstarRelated NewsJan 13th, 2024

Razon unit strengthens exposure in water infrastructure

The Razon Group’s joint venture with a privately owned Australian construction company plans to beef up its presence in the water infrastructure space to support its growth in the coming years......»»

Category: financeSource:  philstarRelated NewsMar 15th, 2024

Water under the bridge

Last year, Razon-led Prime Infrastructure Capital Inc. and Lopez-owned First Gen Corp. said they were in discussions to develop a gas aggregation framework using the latter’s liquified natural gas (LNG) terminal in Batangas......»»

Category: financeSource:  philstarRelated NewsMar 22nd, 2024

Airspeed expands operations with the opening of a new healthcare facility

Airspeed expands operations with the opening of a new healthcare facility.....»»

Category: newsSource:  sunstarRelated NewsFeb 16th, 2024

Cibo expands outside Manila, opens branch in Metro Cebu

Cibo expands outside Manila, opens branch in Metro Cebu.....»»

Category: newsSource:  inquirerRelated NewsJan 17th, 2024

Largest retail store expands home delivery in Davao

Largest retail store expands home delivery in Davao.....»»

Category: newsSource:  sunstarRelated NewsJan 15th, 2024

Homegrown company expands product offering for Sinulog

Homegrown company expands product offering for Sinulog.....»»

Category: newsSource:  sunstarRelated NewsJan 14th, 2024

Cebu City Hall accuses CPA of privatizing port access road

Cebu City Hall accuses CPA of privatizing port access road.....»»

Category: newsSource:  sunstarRelated News8 hr. 42 min. ago

How Will The link To The Port feature of BRT Affect The Project?

How Will The link To The Port feature of BRT Affect The Project?.....»»

Category: newsSource:  sunstarRelated NewsApr 9th, 2024

How Will The link To The Port feature of BRT Affect The Project?

How Will The link To The Port feature of BRT Affect The Project?.....»»

Category: newsSource:  sunstarRelated NewsApr 9th, 2024

Indian Coast Guard ship docks at Manila port amid tensions in South China Sea

Manila [Philippines], March 26 (ANI): Amid tensions in the South China Sea, the Indian Coast Guard ship, Samudra Paheredar docked at the Manila Bay in the Philippines as part of a broader initiative aimed at demonstrating ICG Marine Pollution Response capabilities, the Ministry of Defence (MoD) said in an official release on Tuesday. The ICG ship which arrived at the port on Monday, is on an overseas deployment to ASEAN c.....»»

Category: newsSource:  manilanewsRelated NewsMar 26th, 2024

Barmm opens Pasalubong Center at Jolo Port

Barmm opens Pasalubong Center at Jolo Port.....»»

Category: newsSource:  sunstarRelated NewsFeb 16th, 2024

Madridejos eyes building own port

Madridejos eyes building own port.....»»

Category: newsSource:  sunstarRelated NewsJan 27th, 2024

Misamis Oriental port seen to support higher food production goals — DA

The construction of a new port in Misamis Oriental is expected to support the government’s goal of increasing food production, as it is anticipated to enhance the trade capacity of the Mindanao region, according to the Department of Agriculture......»»

Category: financeSource:  philstarRelated NewsJan 24th, 2024

Drayber, konduktor sa bus sa Ecoland terminal gipaubos sa drug test

Drayber, konduktor sa bus sa Ecoland terminal gipaubos sa drug test.....»»

Category: newsSource:  sunstarRelated NewsMar 27th, 2024