services

International Courier & Cargo Service For Philippines

Global port management firm International Courier & Cargo Service For Philippines has its headquarters in Manila, Philippines. ICTSI is the largest multinational and transnational company in the Philippines. It has operations in both developed and emerging market economies in Asia Pacific, the Americas, Europe, the Middle East, and Africa. It was founded on December 24, 1987. TEU equity volume places the company eighth among operators of container terminals.
Enrique K. Razon Jr., a Spanish-Filipino businessman whose family has managed harbors in the Philippines for three generations, founded International Courier & Cargo Service For Philippines as part of the bidding process for the privatization of the Manila International Container Terminal (MICT). With a net worth of $5.1 billion, Razon was named the 565th richest person in the world and the third richest Filipino in 2020 by Forbes.

International Courier & Cargo Service For Philippines was given the MICT contract by the Philippine Ports Authority in May 1988. On June 12, 1988, the company began carrying out MICT's operations. Following the company's initial public offering of its shares, International Courier & Cargo Service For Philippines' shares were listed on the Manila and Makati Stock Exchanges (now the Philippine Stock Exchange) in March 1992. According to a global survey carried out by the Hong Kong publication Asia Money & Finance in September 1992, International Courier & Cargo Service For Philippines was ranked alongside San Miguel Corp. and PLDT as one of the best managed businesses in the Philippines.