Latest Stories

ATI allots P1.8B for 2013 capex


MANILA, Philippines—Port developer Asian Terminals Inc. (ATI) is stepping up expansion efforts for the coming year to increase capacity at existing ports amid the growth of international cargo volumes entering and leaving the country.

ATI, led by businessman Eusebio H. Tanco, said in a statement that it has earmarked P1.8 billion for capital expenditures (capex) this year, funded mostly out of internal funds. This is higher than the P1.4 billion capex the company had in 2012.

The increase in spending followed a banner year for ATI, which grew its net profit by 10.4 percent to P1.68 billion in 2012 due in part to prudent cost management efforts.

This came as port revenues rose 10.7 percent to P4.86 billion from P4.39 billion the previous year, driven by higher volumes from its international container and non-container operations at the Manila South Harbor and the Batangas Port.

“The fundamental robustness of ATI’s integrated port business, alongside its prudent cost management efforts, enabled the company to deliver strong results in 2012,” said ATI executive vice president Andrew Hoad.

“Building on this momentum, we are continuously investing and further improving the efficiencies and capabilities of our facilities in Manila, Batangas and Laguna in support of the country’s growing economy,” Hoad added.

ATI’s capex for 2013 will support the development of additional container storage areas within the Manila South Harbor expanded port zone, the deployment of new cranes, loaders and prime movers, and acquisition of other container handling equipment.

ATI is also eyeing additional back-up container storage areas outside the South Harbor to allow greater flexibility and convenience for customers.

ATI operates the Manila South Harbor, the Port of Batangas, the Batangas Container Terminal, the Inland Clearance Depot Laguna and the Sta. Mesa Container Yard in Manila.

It is also a strategic partner at the South Cotabato Integrated Port in General Santos City.

Follow Us

Follow us on Facebook Follow on Twitter Follow on Twitter

Recent Stories:

Complete stories on our Digital Edition newsstand for tablets, netbooks and mobile phones; 14-issue free trial. About to step out? Get breaking alerts on your mobile.phone. Text ON INQ BREAKING to 4467, for Globe, Smart and Sun subscribers in the Philippines.

Tags: Asian Terminals , Business , capex , expansion , Philippines , ports

Copyright © 2014, .
To subscribe to the Philippine Daily Inquirer newspaper in the Philippines, call +63 2 896-6000 for Metro Manila and Metro Cebu or email your subscription request here.
Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:
c/o Philippine Daily Inquirer Chino Roces Avenue corner Yague and Mascardo Streets, Makati City, Metro Manila, Philippines Or fax nos. +63 2 8974793 to 94


  • Napoles tags over 100 officials in pork scam – Lacson
  • Vitangcol to sue Czech envoy
  • Senator’s kickback from pork bigger than those of Enrile, Estrada, Revilla – Lacson
  • 43 out of 414 Etihad passengers yet to be found, tested for MERS-CoV – Palace
  • Sandigan junks Marcos family claim to Paoay property
  • Sports

  • Caguioa blasts ‘no heart, soft’ Ginebra on Twitter
  • San Mig Coffee grinds out win over Alaska to force decider
  • UP nips St. Benilde; Adamson blasts RTU in Filoil women’s caging
  • Kevin Garnett responds to Raptors’ GM F word
  • Albert Pujols hits 500th HR of major league career
  • Lifestyle

  • Entering the monkhood a rite of passage
  • Haneda International Airport: A destination on its own
  • Wanted: Beauty queen with a heart that beats for the environment
  • Kim Atienza: At home with art and design
  • Life lessons I want to teach my son
  • Entertainment

  • Bollywood Oscars, film stars come to Florida
  • Ex-Fox exec denies allegations in sex abuse suit
  • Kris Aquino backtracks, says Herbert Bautista and her are ‘best friends’
  • Summer preview: Chris Pratt enters a new ‘Galaxy’
  • Bon Jovi helps open low-income housing in US
  • Business

  • SM to rebuild Tacloban hospital
  • PSEi slips after 4-day rally
  • Toyota sells 2.58 million vehicles, outselling GM
  • McDonald’s 1Q profit slips as US sales decline
  • SEC approves SM’s P15B retail bond offer
  • Technology

  • ‘Unlimited’ Internet promos not really limitless; lawmakers call for probe
  • Viber releases new design for iPhone, comes to Blackberry 10 for the first time
  • Engineers create a world of difference
  • Bam Aquino becomes Master Splinter’s son after Wiki hack
  • Mark Caguioa lambasts Ginebra teammates on Twitter
  • Opinion

  • One-dimensional diplomacy: A cost-benefit analysis of Manila’s security deal with Washington
  • No ordinary illness
  • Reforest mountains with fire trees and their kind
  • Day of the Earth
  • When will Chinese firm deliver new coaches?
  • Global Nation

  • 19 Ukrainians, Russians, Filipinas rescued in bar raid
  • Filipinos coming home from Mideast must obtain MERS clearance – DOH
  • US Secret Service in Manila ahead of Obama visit
  • Palace thanks Estrada for successful HK mission
  • Hong Kong accepts PH apology; sanctions also lifted
  • Marketplace