cargo ship

ICTSI to operate Madagascar’s key port for 15 more years

Razon group-led International Container Terminal Services Inc. (ICTSI) has secured a for its Toamasina International Container Terminal in Madagascar, its first port terminal concession in the African continent, through 2040. ICTSI disclosed to the Philippine Stock Exchange on Monday that its wholly-owned subsidiary Madagascar International Container Terminal Services Ltd. (MICTSL), which operates the port of…

airline

Shareholders step up to help troubled PAL; share sale OK’d

Shareholders of Philippine Airlines’ (PAL) parent firm, PAL Holdings Inc., voted on Thursday to enlarge its capital base and issue more shares to provide financial support to the flag carrier through its Chapter 11 creditor protection plea. Following the company’s stockholders’ meeting, PAL Holdings said shareholders of the company, controlled by billionaire Lucio Tan, approved…

Building a better and safer PH with drones

Unmanned aerial vehicles (UAVs), or drones, are evolving beyond military applications to become a mainstay in boosting productivity within industries and organizations. As drones become more technologically sophisticated, this creates new opportunities for drone operators and their technology partners. In the Philippines, we are already seeing drones helping to keep commercial activities going and contain…