Manila Harbor Center Manila Harbor Center (MHC), the Manila's largest bulk and breakbulk handling port facility, will boost its cargo handling capacity by 100 percent with the construction of eco-friendly bulk cargo bays (BCB) and dredging berths to accommodate larger vessels. MHC is adding thr
Screenshot from Anti-Red Tape Authority's presentation MANILA - The logistics industry is expected to save some PHP1.92 billion with the streamlining of applications and fees for truckers. The Anti-Red Tape Authority (ARTA) launched on Wednesday the Unified Logistics Pass (ULP), a single-window application and payment for trucking companies for all pass-through fees of ports, local government units (LGUs), and economic zones. Citing the study of the World Bank, ARTA Deputy Director General Ernesto Perez said the current system costs the industry PHP2.23 billion for registering with the Land Transportation Franchising and Regulatory Board (LTFRB) and getting pass-through stickers from different LGUs and ecozones where truckers ply. But with the streamlining of all applications and fees, the cost for the logistics industry will be at around PHP378.8 million. Perez said that through the ULP, the number of steps for processing the pass-through passes will be reduced by 73 percent and t
Manila Harbor Center takes delivery of light rail vehicles for PH s LRT 1 en.portnews.ru - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from en.portnews.ru Daily Mail and Mail on Sunday newspapers.
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.
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.