MANILA’s International Container Terminal Services Inc (ICTSI) has set aside US$580 million this year to expand its seaport facilities here and abroad after ending 2024 with record-high net income, reports the Philippines Inquirer. ICTSI chairman and president Enrique Razon said the company’s capital expenditures (capex) for 2025 would fund projects in Batangas, Manila and Cagayan de Oro as well as Mexico, Democratic Republic of the Congo and Brazil. ICTSI’s latest capex guidance is 12 per cent...
https://www.seanews.com.tr/ictsi-allots-us-580-million-for-overseas-projects/202809/