The Asian Infrastructure Investment Bank (AIIB) will lend $300 million to International Container Terminal Services Inc. (ICTSI) to support the expansion and upgrade of three container terminals across the Philippines. The senior unsecured corporate loan, AIIB’s first non-sovereign-backed transaction in the Philippines, was signed during a ceremony attended by Enrique K Razon Jr, ICTSI Chairman and President…
The U.S. military will not be involved in development of a port in the Philippines' remote northernmost islands near Taiwan, the local governor said, removing a potential source of friction with China over the U.S. presence in the region.The governor of the Batanes islands…
