Published May 7, 2021, 6:00 AM
International Container Terminal Services Inc. reported a 51 percent hike in unaudited consolidated attributable net income to US$90.1 million in the first quarter of 2021 from the US$59.6 million earned in the same period last year.
In a disclosure to the Philippine Stock Exchange, the firm said the higher profit is primarily due to higher operating income; and significant reduction in equity in net loss of joint ventures; partially tapered by an increase in interest expense on loans, and higher interest on concession rights payable and lease liability from the new terminals.
“ICTSI has delivered strong operating performance in the first quarter of 2021, with volume, revenue and earnings rising across our three regions: Asia, the Americas, and Europe, Middle East, and Africa (EMEA) said ICTSI Chairman and President Enrique K. Razon Jr.
Anti-red tape agency to smoothen accreditation process for vaccination sites
May 5, 2021 | 8:05 pm
PUBLIC schools such as the Old Balara Elementary school in Quezon City pictured here are among the common sites across the country used by government for its coronavirus vaccination program. PHILIPPINE STAR/ MICHAEL VARCAS
THE ANTI-RED Tape Authority (ARTA) is studying putting up one-stop shops for the processing of accreditation for coronavirus vaccination sites in response to alleged delays.
ARTA made the statement following a
Philippine Daily Inquirer report where Chinese General Hospital Manila Administrator Samuel Ang said hospitals have been noting excessive requirements to set up the sites.
Presidential Adviser for Entrepreneurship Secretary Joey Concepcion. (PCOO / MANILA BULLETIN FILE PHOTO)
Speaking during the Laging Handa public briefing, Concepcion noted 1.3 million of the UK-made vaccine will arrive in June. This will help some 100 companies that procured the AstraZeneca jabs for their employees, he said.
Among the private companies are the International Container Terminal Services Inc., SM Group of Companies, Ayala Group of Companies, and Lucio Tan’s companies, which includes the country’s flag carrier, Philippine Airlines (PAL).
Concepcion, Go Negosyo founder and one of President Duterte’s trusted advisers, added it also includes the Philippine Franchising Association and the Philippine Retailers Association.
ICTSI Ecuador unveils special economic zone at the Port of Guayaquil
Contecon Guayaquil S.A. (CGSA), International Container Terminal Services, Inc.’s subsidiary in Ecuador, welcomes the creation of a special economic zone at the country’s main seaport as an immense opportunity to boost the country’s foreign trade, according to the company s release.
On 20 April, the port operator, together with national government and port authority representatives, formally presented its Declaration of Special Economic Development Zone (ZEDE) – a high-impact project that aims to strengthen the competitiveness of Ecuador’s exports.
ZEDE will be situated in an area adjacent to the Port of Guayaquil – considered a prime and strategic location due to the port’s interconnectivity with the country’s main production centers, other maritime ports, and airports – creating a hub of strategic interest for national and international investments.
ICTSI Ecuador unveils special economic zone at the Port of Guayaquil
Contecon Guayaquil S.A. (CGSA), International Container Terminal Services, Inc.’s subsidiary in Ecuador, welcomes the creation of a special economic zone at the country’s main seaport as an immense opportunity to boost the country’s foreign trade.
On 20 April, the port operator, together with national government and port authority representatives, formally presented its Declaration of Special Economic Development Zone (ZEDE) – a high-impact project that aims to strengthen the competitiveness of Ecuador’s exports.
ZEDE will be situated in an area adjacent to the Port of Guayaquil – considered a prime and strategic location due to the port’s interconnectivity with the country’s main production centers, other maritime ports, and airports – creating a hub of strategic interest for national and international investments.