Manila-based International Container Terminal Services Inc. (ICTSI) signed an agreement with the Brunei government, allowing the company to assist in designing and building the country’s Pulau Muara Besar (PMB) Container Terminal.
ICTSI “is the preferred port operator of the Brunei Economic Development Board (BEDB)," the company said in a disclosure to the Philippine Stock Exchange (PSE).
The company added that “the BEDB will award a Concession Agreement to ICTSI or its subsidiary to operate the PMB Container Terminal once it is completed and ready for commercial operation."
ICTSI, the Philippines’ largest port, runs four facilities in the Philippines such as the NSD Waterfront Area at the Subic Bay Freeport Zone in Zambales, Bauan International Port in Batangas, Sasa International Port in Davao City, and the Makar Wharf in General Santos City, South Cotabato.
The company also manages other facilities abroad through its other subsidiaries including Brazil, Poland, Japan, Madagascar, Indonesia, Syria, China, Ecuador, Georgia, and Colombia.
Shares of ICTSI went up P0.25 to P12.75 during Tuesday’s trading at the PSE.
ICTSI “is the preferred port operator of the Brunei Economic Development Board (BEDB)," the company said in a disclosure to the Philippine Stock Exchange (PSE).
The company added that “the BEDB will award a Concession Agreement to ICTSI or its subsidiary to operate the PMB Container Terminal once it is completed and ready for commercial operation."
ICTSI, the Philippines’ largest port, runs four facilities in the Philippines such as the NSD Waterfront Area at the Subic Bay Freeport Zone in Zambales, Bauan International Port in Batangas, Sasa International Port in Davao City, and the Makar Wharf in General Santos City, South Cotabato.
The company also manages other facilities abroad through its other subsidiaries including Brazil, Poland, Japan, Madagascar, Indonesia, Syria, China, Ecuador, Georgia, and Colombia.
Shares of ICTSI went up P0.25 to P12.75 during Tuesday’s trading at the PSE.