Tag Archives | Philippines

ICTSI to Increase Capacity at Umm Qasr Port

By John Lee. Philippines-based International Terminal Container Services Inc. (ICTSI) has reportedly allocated additional funds for capacity expansion at its Basra Gateway Terminal (BGT) at the Port of Umm Qasr. Rafael Consing, ICTSI chief financial officer, is quoted by the Philippine Daily Inquirer as saying that this year’s capex budget of $380 million will be […]

Prison for Bribery in Iraq War Contracts

A former business partner of a U.S. military contractor was sentenced today to 18 months in prison for his role in a years-long scheme to bribe U.S. Army contracting officials stationed at a U.S. military base in Kuwait during the Iraq War. Assistant Attorney General Brian A. Benczkowski of the Justice Department’s Criminal Division, Special […]

Guilty Plea to Bribery Scheme for Iraq War Contracts

Former Business Partner of U.S. Military Contractor Pleads Guilty to Bribery Scheme Related to Contracts in Support of Iraq War A former business partner of a U.S. military contractor pleaded guilty today to one count of bribery for his role in a years-long scheme to bribe U.S. Army contracting officials stationed at a U.S. military […]

ICTSI Invests additional $250m in Iraqi Port

By John Lee. Philippines-based International Container Terminal Services, Inc. (ICTSI) has started its second phase investment in new container terminal infrastructure well underway at its Basra Gateway Terminal (BGT) at the Port of Umm Qasr. The company said in a statement: ICTSI is unique in demonstrating its commitment to the Iraqi ports sector via large […]

ICTSI Ramps Up Business at Umm Qasr

By John Lee. Philippines-based International Container Terminal Services Inc. (ICTSI) has said it has increased its volumes by 12 percent over the past year, mainly due to the continuing volume ramp-up at its terminal at Umm Qasr port. The company inaugurated the first phase of its $130-million greenfield port development at Basra Gateway Terminal (BGT) […]

Iraq hopeful of more Filipino Investments

By John Lee. The Philippine embassy in Baghdad has said that the recent opening of ICTSI‘s $130-million port development in Basra opens further possible opportunities in construction and the oil and gas sectors. In a statement, Chargé d’Affaires Elmer Cato (pictured) expressed the hope that more Filipino companies would explore investment opportunities in Iraq. Philippine-based […]

ICTSI Opens First Phase of Basra Gateway Terminal

By John Lee. International Container Terminal Services (ICTSI) has officially inaugurated the first phase of its new $130-million greenfield port development at Basra Gateway Terminal (BGT) in Umm Qasr. Iraq’s Minister of Transport, Kadhem Finjan al-Hamami, attended the ceremony along with ICTSI chairman and president, Enrique K. Razon Jr. The Philippines-based company signed a 26-year concession […]

Big Investment In Umm Qasr Port

By John Lee. Philippines-based International Container Terminal Services (ICTSI) is investing $130 million in Umm Qasr port, according to a report from Reuters. The Manila-based port management company signed a contract with General Company for Ports of Iraq involving the container facilities at Umm Qasr; it will operate, develop and expand the port. The three-stage […]

Basra has Money to Spend on Infrastructure

By John Lee. The Governor of Basra, Majid Al-Nasrawi [Alnasrawi] (pictured), has called on Filipino companies to invest in the province. During a meeting with the country’s Chargé d’Affaires, Elmer Cato, he stressed that Basra and the rest of southern Iraq remain safe for investors. Citing the example of the Manila-based International Container Terminal Services Inc. […]

Philippines May Send more Workers to Iraq

By John Lee. The Philippine government is pursuing a new agreement with Iraq on the hiring of more Filipino workers, reports The Philippine Star. Philippine Labour Secretary, Rosalinda Baldoz (pictured), said the agreement could fully open the market for Filipino workers. The country has already lifted the ban on workers going to Iraq, but hiring […]