Seeing no ‘end in sight’ for pandemic, Razon’s ICTSI tightens belt

Seeing no ‘end in sight’ for pandemic, Razon’s ICTSI tightens belt

Ports giant International Container Terminal Services Inc. (ICTSI) is slashing it 2020 investment spending by 40 percent as the new coronavirus disease (COVID-19) pandemic weighs on the global economy. ICTSI chair and president Enrique Razon Jr. said capital spending for the year would hit just $160 million—$60 million of which was already deployed in the […]