Billionaire Enrique Razon’s ICTSI Investing $288 Million To Boost Manila Port Capacity As Profit Surges

International Container Terminal Services Inc.—controlled by billionaire Enrique Razon, Jr.—is investing 15 billion pesos ($288 million) to expand the capacity of its flagship port in the Philippine capital of Manila as rising global trade boosted ICTSI’s profit last year to an all-time high.