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Philippine Tycoon Enrique Razon Consolidates Manila Port Interest Into ICTSI | Hellenic Shipping News Worldwide


Philippine Tycoon Enrique Razon Consolidates Manila Port Interest Into ICTSI
Billionaire Enrique Razon is consolidating his stake in Manila Harbor Center into International Container Terminal Services Inc. (ICTSI) as part of initiatives to boost efficiency in the Philippines’ busiest port.
ICTSI, which is controlled by Razon, has agreed to acquire Manila Harbour Center Port Services Inc. for 2.4 billion pesos ($51 million) from Prime Strategic Holdings Inc., according to a stock exchange filing. Prime Strategic is Razon’s holding company for his interest in infrastructure investments such as the Chico hydropower project in Northern Philippines.
“We believe there is a strong opportunity to drive greater efficiencies in the port area through better, more coordinated use of facilities and through the centralized management of bulk handling activities,” ICTSI said in a statement. ....

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Philippine Tycoon Enrique Razon Consolidates Manila Port Interest Into ICTSI

Billionaire Enrique Razon is consolidating his stake in Manila Harbor Center into International Container Terminal Services Inc. (ICTSI) as part of initiatives to boost efficiency in the Philippines’ busiest port. ....

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PT INKA's three locomotives, 15 coaches arrive at Manila Harbour


PT INKA s three locomotives, 15 coaches arrive at Manila Harbour
24th December 2020
Three locomotives and 15 coaches manufactured by state-run train maker PT Industri Kereta Api (INKA) arrived at Manila Harbour Centre, the Philippines, on Wednesday (Dec 23, 2020). ANTARA/HO-the Indonesian Embassy in Manila/sh
The arrival of the trains is a form of cooperation between PNR and PT INKA that had been established in 1996. Jakarta (ANTARA) - Three locomotives and 15 coaches manufactured by state-run train producer PT Industri Kereta Api (INKA) arrived at the Manila Harbour Centre, the Philippines, on Wednesday (Dec 23).
On December 23, 2020, the Philippines National Railways (PNR) received three diesel locomotives and 15 coaches produced by PT Industri Kereta Api (INKA) that was marked by an unveiling ceremony at the Manila Harbour Centre, the Indonesian Embassy in Manila noted in a statement obtained here on Thursday. ....

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PNR unveils newest trains

PNR unveils newest trains
philippinetimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from philippinetimes.com Daily Mail and Mail on Sunday newspapers.

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