Philippines

ICTSI Net Income Rises 14% in Q1 as Throughput and Revenues Climb

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Philippine-listed International Container Terminal Services Inc. (ICTSI) reported a 14% year-on-year increase in first-quarter net income to US$239.54 million, supported by strong volume growth and higher revenues across its global operations. Revenues from port operations rose 17% to US$745.42 million in the three months ended March 31, 2025, up from US$637.65 million a year earlier, … Read more

ADB Approves $1.45bn Final Tranche for Malolos–Clark Railway Project in Philippines

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ADB Philippines

The Asian Development Bank (ADB) has approved a $1.45 billion loan as the second and final tranche of its financing facility for the Malolos–Clark Railway Project (MCRP), a flagship initiative that aims to connect northern and southern Luzon to Metro Manila through a safe and climate-resilient mass transit system. The MCRP is a 53.1-kilometer stretch … Read more