Asian Terminals Inc., the country’s second largest port operator, said that it has extra cash for possible port acquisition this year after the company disposed its grains terminal last year. Eusebio Tanco, ATI president, told reporters that the company has around P1 billion to spend for port acquisition for this year and expand its presence in the country. “Any opportunity…
International Container Terminal Services, Inc. (ICTSI) and Asian Terminals, Inc. (ATI), operators of the Manila International Container Terminal (MICT) and Manila South Harbor (MSH), respectively are injecting modest investments starting this year to address congestion currently being experienced at their ports. The two operators claimed that they have committed the investments with the Philippine Ports Authority (PPA), the Bureau of…
Afraid to discourage prospective investors, the Philippine Ports Authority (PPA) mulls to return expropriated lots in Batangas Port than to pay the P11.7 billion as additional compensation to lot owners as ordered by the Supreme Court. PPA general manager Atty. Oscar Sevilla said they could not afford to pay the amount and instead will just return the expropriated lots to its…