may 2016 portfolio international edition

P O R T F O L I OThe Official Publication of International Container Terminal Services, Inc. INTERNATIONAL EDITION • May 2016

“We are resilient even in the most difficult economic environment” – EKR

ICTSI OPERATIONS

TABLE OF CONTENTSICTSI and SubsidiariesFinancial HighlightsYoY Comparison

For the quarter ended March 31

(in million USD, except Earnings per share data) 1Q 2015 1Q 2016 % Change

Gross Revenues USD 296.1 USD 266.5 -10%

EBITDA 127.5 121.9 -4%

Net Income 56.8 45.1 -21%

Net Income Attributable to Equity Holders 54.0 42.2 -22%

Earnings per share

Basic 0.0230 0.0138 -40%

Diluted 0.0230 0.0138 -40%

COVER STORY4 “We are resilient even in the most difficult economic environment” – EKR

ICTSI NEWSBREAK7 ICTSI 1Q 2016 volume up 4% to 2.1 M TEUs Start-ups erode net income, down 22% to US$42.2 M

TECH TALK8 New MICTWEB, Track and Trace features boost TABS

SPOTLIGHT9 ICTSI Oregon attends US State Department briefing on the TPP agreement

8 TABS reduces peak and idle time at Manila port

P O R T F O L I O INTERNATIONAL EDITION

T h e O f f i c i a l P u b l i c a t i o n o f I n t e r n a t i o n a l C o n t a i n e r T e r m i n a l S e r v i c e s , I n c .2

ON BOARD9 PICT appoints new CFO

LEVEL UP9 BGT gears up for opening of new berth

MAKING THE LIST10 PICT wins top OSH&E Award

10 ICTSI Wins 2015 Quills

MEETS AND GREETS10 ICTSI Oregon officers visit Subic

11 MICT conducts Commercial Claims for Non-claims seminar

DO GOOD11 ICTSI Foundation spearheads clean water projects

12 ICTSI Foundation conducts outreach activity for DOH – TRC in Liyang, Pilar Bataan

T h e O f f i c i a l P u b l i c a t i o n o f I n t e r n a t i o n a l C o n t a i n e r T e r m i n a l S e r v i c e s , I n c . 3

InternationalContainer TerminalServices, Inc.

MAY 2016

‘We are resilient even in the most difficult economic environment’ – EKR

COVER STORY

ICTSI reports 2015 volumes up by 5%; revenues slightly down by 1%

International Container Terminal Services, Inc. (ICTSI) held its annual stockholders’ meeting last 21 April at the Grand Ballroom of Solaire Resort & Casino.

Facing investors, stockholders and other stakeholders, Enrique K. Razon Jr., International Container Terminal Services, Inc. (ICTSI) Chairman and President, said he is positive that despite the persisting global economic uncertainties, ICTSI will maintain its forward trajectory as indicated by the

upcoming opening of new terminals within the year.



Describing 2015 as a “mixed bag,” Mr. Razon says the Company managed to overcome unfavorable events due to calculated decision-making and its geographically diverse portfolio of operations. In his report, Mr. Razon assures stockholders that the Company is vigilant, yet open to new opportunities brought about by the challenging economic climate. Below is the full text of the Chairman’s report:

The Chairman’s 2015 Report The year 2015 was overshadowed by global economic

uncertainty, which resulted in stress to the economies of certain countries and regions around the world. The continuing slowdown of China has sent China-reliant countries, such as Brazil, into deep recession. Most oil producing countries and regions are also experiencing severe slowdowns due to the collapse in oil prices.

All of these negative economic circumstances led to soft global demand as reflected in flat global trade. Add to this the spreading conflict in the Middle East and terrorist attacks in the West, and you will be hard-pressed to be optimistic about the near and medium term prospects for global growth.

There are of course bright spots, even in our own portfolio as we have several star performers such as Honduras, Iraq and Pakistan to name but a few, which provided strong volume growth and cash flow, not the countries you would normally expect to be drivers of growth. The Philippines likewise remains a bright spot, and should have healthy economic growth this year.

We certainly have our share of troubled spots that are a drag on our results led by Brazil, which I cannot describe by any other term but an economic disaster where volume continues to shrink as the country falls deeper into recession and political instability.

Argentina is another one. However, we are turning cautiously optimistic with the recent election of a new government, which seems to be very serious in executing the right economic reforms. We hope that the country will return to growth in the next year or so.

Throughout the year, there were currency devaluations in several countries where we are exposed in local currency, again with Brazil in the forefront with the largest devaluation against the dollar. In most areas though, our revenue is in U.S dollars, so we are able to offset the currency losses.

So 2015 was a mixed bag to say the least, but when looked at as a whole, due to our diverse geographical portfolio, we still managed to grow volume by five percent, and revenue of flat growth. This speaks well of our strategy of geographical diversity, not reliant on one area or region. It clearly proves the resiliency of the Company's business even in the most difficult economic environment.

Experience tells us that times like these require us to be cautious, but also times like these eventually lead to great opportunities.

Business Development In January, our greenfield project in Matadi, Democratic

Republic of the Congo officially broke ground. We expect the terminal to be completed by the third quarter of this year, and will have an initial capacity of 175,000 TEUs.

In February, we gained full ownership of Victoria International Container Terminal in Melbourne, Australia when we acquired Anglo Ports’ 10 percent share in the Australian unit. VICT’s development is on schedule, and we expect the terminal to be operational by the first quarter of 2017. Upon full completion of Phase 2, the one million-TEU annual capacity VICT will be the Group’s first fully automated terminal, and the most advanced container handling facility in the Asia Pacific region.

In April, we divested our interest in Naha International Container Terminal in Okinawa, Japan when we sold our 60 percent ownership back to Naha International Container Terminal, Inc. as treasury shares. Our 10-year lease effectively expired last year, and we had earlier expressed our non-interest in renewing the NICT lease with the Naha Port Authority.

In May, we acquired from Grupo TMM and Immobiliaria TMM 100 percent ownership of Terminal Maritima de Tuxpan (TMT) in Veracruz, Mexico. TMT holds an extendable 20-year concession for the development and operation of a projected one million TEU annual capacity terminal in Tuxpan. The Tuxpan terminal will complement our existing business in Manzanillo. We plan to consolidate operations in the two terminals and expand our services through the Pacific and the Gulf of Mexico.

Group VolumesTo date, the ICTSI Group is involved in 30 terminal

concessions and port development projects in 20 countries. For 2015, the Group handled consolidated volumes of

7,775,993 TEUs, a five percent increase from 2014.



MAY 2016

The increase was driven by continued volume ramp-up in Manzanillo, Mexico and Puerto Cortes, Honduras; new shipping line contracts and services in Karachi, Pakistan and Guayaquil, Ecuador; increased demand for services in Subic Bay, Philippines; favorable impact of consolidation in Yantai, China; and the contribution from our new operations in Umm Qasr, Iraq, which opened in November 2014. Excluding the new volume from Iraq, organic volume increased three percent.

All three regions posted single-digit TEU growth: Asia Pacific with 7.2 percent; Americas, 1.9 percent; and EMEA, 1.4 percent.

Asia Pacific accounted for over half of Group volume with 52.7 percent. This is followed by the Americas with 35.2 percent, and EMEA with 12.1 percent.

Financial Performance Gross revenue from port operations was US$1.051 billion, one percent lower compared to US$1.061 billion the year before. The slight decline was largely due to weakening currencies in some countries where we operate.

In addition, revenue was affected by loss of vessel calls at ICTSI Oregon in Portland, USA due to the continuing labor disruption, and weaker trade at Baltic Container Terminal in Gdynia, Poland. The decrease was partially offset by tariff rate adjustments in certain terminals.

We posted consolidated Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) of US$450 million, two percent higher than the US$443 million generated the previous year. EBITDA margin improved to 43 percent in 2015 from 42 percent in 2014.

Largely because of one-time, non-cash charges, net income attributable to equity holders was US$58.5 million, down 68 percent compared to the US$182 million earned in 2014.

In 2015, we took impairment charges of US$114.6 million related to reduced value of our TecPlata terminal in Argentina and of Jakarta, Indonesia operator OJA.

In addition, we recognized nonrecurring gains. These include gains from our divestment in Japan, and tax charges in Buenaventura, Colombia and Pakistan.

Excluding the effect of these one-time adjustments and nonrecurring charges, recurring net income would have increased by one percent to US$174.7 million, from US$172.6 million in 2014.

Diluted earnings per share declined 85 percent to US$0.011, from US$0.075 again due to one-time charges.

Consolidated cash operating expenses decreased by five percent in to US$432.3 million, from US$454.5 million the year earlier. The decrease was the result of lower equipment and facilities-related expenses as we benefited from lower global fuel prices and repairs and maintenance expenses. We also benefited from lower variable costs in Oregon.

In addition, the depreciation of local currencies in various ports meant cash operating expenses of these ports were translated to a lower US dollar equivalent upon consolidation.

The reduction, however, was tapered by start-up costs in Iraq, Philippines, Mexico, Australia and DR Congo. Excluding costs associated with the new projects, consolidated cash operating expenses would have decreased by seven percent in 2015.

Capital expenditure mainly related to construction and procurement of equipment amounted to US$353.5 million, approximately 67 percent of the original US$530 million 2015 capital expenditure budget.

Capex was directed mainly to the completion of new terminals in Mexico, Honduras and Iraq, capacity expansion in Manila; and greenfield projects in DR Congo and Australia.

In addition, we invested US$95.1 million in the development of Sociedad Puerto Industrial Aguadulce, our joint venture container terminal development project with PSA International in Colombia.

We have set 2016 capex at US$420 million, mainly allocated for ongoing projects in DR Congo, Iraq and Australia. In Colombia, we allocated approximately US$60 million for our share to complete the initial phase of the project.

Capital Management In January, we launched a liability management initiative

that involved the issuance of US$117.5 million senior bonds and US$300 million perpetual securities. These were exchanged with outstanding higher yielding securities. The transaction was part of our ongoing capital management

COVER STORY



program that achieved two objectives – first, to extend the duration of debt maturities and a call option for the perpetual securities and second, to reduce our cost of capital. In August, we issued US$450 million of new perpetual securities. The funds raised were used to finance capital expenditures, refinance existing debt and for other general corporate purposes.

The Asset Asian Awards and IFR Asia hailed our US$450 million perpetual securities issue as the Philippines’ Best Corporate Bond and the Philippine Capital Market Deal of the Year, respectively.

In October, Contecon Manzanillo S.A., our subsidiary in Manzanillo, Mexico, signed a US$260 million 12-year project finance facility with multinational banks International Finance Corp., Inter-American Development Bank and syndicate banks. We drew US$95 million from the facility in December.

Vigilance We remain vigilant as we face challenges in the coming

months and the next few years. We relentlessly explore new ways to continuously improve the business, cut costs, and make ourselves more and more efficient.

We always have your interests, our shareholders, in mind. We have immediately implemented measures that would mitigate the effects of a contracting global economy. No stranger to volatility, we have instructed Management to look into areas of our operations where we could best optimize costs, and save on capital and administrative expenses, while maintaining the global operational standards we are associated with. In our almost 30 years in the business, we have made solid investments that we know will secure the Company’s growth for decades to come.

Thank you for your continued trust.

ICTSI NEWSBREAK

ICTSI 1Q 2016 volume up 4% to 2.1M TEUs

For the first quarter ended 31 March 2016, International Container Terminal Services, Inc. (ICTSI) posted revenue from port operations of US$266.5 million, a decrease of 10 percent from the US$296.1 million reported for the same period last year; Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) of US$121.9 million, four percent lower than the US$127.5 million generated in the first quarter of 2015; and net income attributable to equity holders of US$42.2 million, down 22 percent compared to the US$54.0 million earned in the same period last year. The decline in earnings was mainly driven by lower storage and ancillary revenues, unfavorable container volume mix, lower capitalized borrowing cost, higher depreciation and amortization expenses and start-up costs of new terminals and projects. Diluted earnings per share for the period declined 40 percent to US$0.014, from US$0.023 in 2015. ICTSI handled consolidated volume

ICTSI and SubsidiariesFinancial HighlightsYoY Comparison

For the quarter ended March 31

(in million USD, except Earnings per share data) 1Q 2015 1Q 2016 % Change

Gross Revenues USD 296.1 USD 266.5 -10%

EBITDA 127.5 121.9 -4%

Net Income 56.8 45.1 -21%

Net Income Attributable to Equity Holders 54.0 42.2 -22%

Earnings per share

Basic 0.0230 0.0138 -40%

Diluted 0.0230 0.0138 -40%

of 2,053,639 twenty-foot equivalent units (TEUs) for the quarter ended 31 March 2016, four percent more than the 1,982,773 TEUs handled in the same period in 2015. The increase in volume was mainly due to the acquisition of new shipping line customers and services at the Company’s terminals in Guayaquil, Ecuador; Manzanillo, Mexico; and Karachi, Pakistan; continuing ramp-up at ICTSI Iraq; and improvement in trade activities at the Company’s terminals in Jakarta, Indonesia and most Philippine ports. Gross revenues from port operations for

the quarter ended 31 March 2016 declined 10 percent to US$266.5 million, from the US$296.1 million reported in the same period in 2015. The decrease in revenues was mainly due to unfavorable container volume mix, lower storage and ancillary revenues and unfavorable translation impact of the depreciation of local currencies to the US dollar at certain terminals. The decline in gross revenues was tapered by

tariff rate adjustments and new contracts with shipping lines and services at certain terminals, and the continuing ramp-up at ICTSI Iraq. Excluding the translation impact of local currency depreciation to the US dollar, particularly the 36 percent depreciation of the Brazilian Reais at TSSA; the 21 percent depreciation of the Mexican Peso at CMSA; and the six percent depreciation of the Philippine Peso at the various Philippine terminals, consolidated gross revenues would have decreased by six percent in 2016. Consolidated cash operating expenses

in the first quarter of 2016 was 15 percent lower at US$101.5 million compared to US$119.7 million in the same period in 2015. The reduction in cash operating expenses was mainly driven by lower costs of repairs and maintenance and equipment rental at certain terminals; lower fuel costs as a result of the lower global prices of fuel and operational efficiencies; lower variable costs at ICTSI Oregon; and the favorable translation impact to the US Dollar of the Brazilian, Mexican and Philippine terminals’ local currency expenses. The decline in cash operating expenses, however, was tapered by the expense contributions and start-up costs of new terminals and projects in Argentina, Australia, Democratic Republic of the Congo, and Laguna in southern Philippines. Excluding the translation impact of currency depreciation, consolidated cash operating expenses would have decreased by nine percent in 2016. Consolidated EBITDA for the first

quarter of 2016 decreased four percent to US$121.9 million from US$127.5 million in 2015 mainly due to lower storage and ancillary revenues, unfavorable container volume mix, and unfavorable translation impact from significant depreciation of

Page 9

Start-ups erode net income, down 22% to US$42.2 M



MAY 2016

ICTSI NEWSBREAK

TECH TALK

TABS reduces peak and idle time at Manila portTruck queues at the Port of Manila have become shorter only weeks after the full implementation of the Terminal Appointment Booking System (TABS). Christian R. Gonzalez, ICTSI Senior Vice President and Head of

Asia-Pacific Region and Manila International Container Terminal (MICT), says the queues are shorter because truck schedules have been scattered over a period of 24 hours. Prior to the implementation of TABS, the average dwell time for trucks was between six to 12 hours. Since the full implementation of the container booking system, that period has been reduced to one hour up to an hour and a half. Mr. Gonzalez also clarifies that less trucks on the roads does

not mean there is decrease in volume. According to him, the numbers show that for every shift, truck volumes remain the same. And if the trend continues, he considers “keeping it this way for the next couple of months before implementing a new initiative.” MICT continues to be the country’s top handler of foreign

containerized cargo. TABS came into full effect last 16 March. This means clients

who book with TABS are exempted from the truck ban; but those who don’t show up during their appointment are penalized. TABS

ICTSI’s flagship Manila International Container Terminal (MICT) has added two new features on its website, including its Track and Trace web facility, to make it easier for port users to book slots on TABS. The first feature is called Slot Usage. As the term implies, it allows clients to monitor the availability of slots for the day and up to the next two days.The second feature called Booking

Demand Classification is integrated into the Track and Trace system. This makes it easier for users to determine if their bookings fall on free, rebate medium or high demand zones. Each classification is charged differently.More information about TABS can

be found at www.mictweb.com/port_procedures.htm.

To check the availability of slots in TABS, port users may go MICT’s website and click Slot Usage or key in www.mictweb.com/tabsslotusage in their browser’s address bar.

The Tabs Slot Usage page gives users up-to-date information on the

availability of slots throughout the 24-hour period from the current

day up to the next two days.

New MICTWEB, Track and Trace

features boost TABS

With TABS now in place, truck dwell time at the MICT has been significantly reduced to an hour up to an hour and a half.

compliance rates have improved from 72 percent to 96 percent while no-shows dropped to a mere four percent for MICT during the first week of full implementation. Mr. Gonzalez is optimistic that once everyone gets used to

TABS, the system will achieve its purpose for the benefit of port users, stakeholders, terminal operators, and the commuting public.



SPOTLIGHT

ON BOARD

ICTSI Oregon attends US State Department briefing on the TPP agreement

By David Trzyzewski

Earlier this year, the United States Department of Commerce and United States Department of State, in conjunction with the Export Council of Oregon, held a business leader briefing for senior executives regarding the Trans-Pacific Partnership (TPP) Agreement in Portland, Oregon. The discussions highlighted how the TPP will boost US and local economic growth, expand investment opportunities and increase Oregon exports. In attendance were Joseph Yun, US Ambassador to Malaysia; Craig Allen, US Ambassador to Brunei; William Craft, US Deputy Assistant Secretary for Trade and Programs, and representatives of the local banking, manufacturing, high tech and industrial sector.

At the TPP briefing (from left): Elvis Ganda, ICTSI Oregon CEO, with His Excellency Craig Allen, US Ambassador to Brunei, and David Trzyzewski , ICTSI Oregon COO.

PICT appoints new CFOBy Arif Raza

The Pakistan International Container Terminal Board of Directors has appointed Muhammad Hunain, in addition to his current responsibilities, as Chief Financial Officer effective 27 April 2016. Prior to his promotion, Mr. Hunain was serving as Financial Controller and Company Secretary at PICT. Mr. Hunain joined the company in January 2014. Prior to his career at PICT, he held various

positions in several multinational and local companies. He is an Associate Member of the Institute of Chartered Accountants of Pakistan with training from PwC, and Fellow Member of Pakistan Institute of Public Finance Accountants. Mr. Hunain holds a law degree from the University of Karachi.

Muhammad Hunain, PICT Chief Financial Officer

LEVEL UP

BGT gears up for opening of new berthBy Sheeba Khan

Basra Gateway Terminal (BGT) is set to open its new berth in August. The new berth will be equipped with rubber tired gantries (RTG), a first for BGT whose existing fleet of port equipment is comprised of quay and mobile harbor cranes. To prepare for RTG operations, BGT sent a team of operators to Adriatic Gate Container Terminal (AGCT) in Rijeka, Croatia for training. AGCT fielded two of their own staff to oversee the two-week Navis and RTG training, and

An equipment operator from BGT operates a RTG during the training.

Training in Rijeka: The BGT team together with their mentors

share AGCT’s best practices with their counterparts from Basra.

local currencies to the US Dollar at certain terminals. Excluding the translation impact of currency depreciation, consolidated EBITDA would have decreased by three percent in 2016. Consolidated EBITDA margin, on the other hand, increased to 46 percent in the first quarter of 2016 compared to 43 percent in the same period in 2015 as the new terminals continue to ramp-up and improve efficiencies. Consolidated financing charges and other expenses for the quarter

increased 26 percent, from US$16.6 million in 2015 to US$20.9 million in 2016 primarily due to slightly higher average loan balance and lower capitalized borrowing cost.

ICTSI 1Q 2016...page 7 Capital expenditures, excluding capitalized borrowing costs and expenses, for the first quarter of 2016 amounted to US$89.5 million, approximately 21 percent of the US$420.0 million capital expenditure budget for the full year 2016. The established budget is mainly allocated for the completion of the initial stage of the Company’s new container terminals in Democratic Republic of the Congo and Iraq, and the continuing development of the Company’s project in Australia. In addition, ICTSI invested US$20.0 million in the development of SPIA, its joint venture container terminal development project with PSA International Pte Ltd. (PSA ) in Buenaventura, Colombia. The Company’s share for 2016 to complete the initial phase of the project is approximately US$60 million.



MAY 2016

MAKING THE LIST

ICTSI wins 2015 Quills

It’s another set of Quills for ICTSI (from left): Jopie Badoy, editorial consultant; Marie Bernadette de Guzman, ICTSI Foundation Project Assistant; Joop Kalambakal, ICTSI Public Relations Manager; Filipina Laurena, ICTSI Foundation Deputy Executive Director; and Joy Lapuz, ICTSI Foundation Senior Program Head.

Public relations (PR) programs of International Container Terminal Services, Inc. (ICTSI) were recently bestowed Philippine Quill Awards by the International Assocation of Business Communicators.The ICTSI Public Relations Office (PRO) and the ICTSI

Foundation won Awards of Merit for the MICT Brochure Pack and the Parola Solid Waste Management Project (PSWMP), respectively. The brochure pack won in the Communications Skills /

Publications category, while the PSWMP won in the Communication Management / Corporate Social Responsibility category. Awarding rites were held last 17 May at the Grand Ballroom of

the Marriott Hotel Manila at Newport City, Pasay City. Officers and staff of the PRO and Foundation joined fellow PR /

communication practitioners in receiving Philippine Quills. Over 200 individuals, companies, media agencies, government and non-government organizations, and colleges and universities vied for the coveted Quill for best PR programs.

MICT Brochure Pack The MICT Brochure Pack is composed of

information materials on ICTSI’s Luzon operations: the ICTSI flagship Manila International Container

Terminal (MICT) as cover brochure, the MICT Safety Guide booklet, Subic Bay International Terminal Corp. (SBITC) brochure, and the Laguna Gateway Inland Container Terminal (LGICT) brochure. Each brochure may be distributed as a stand-alone information material or as a set. The MICT, SBITC and LGICT brochures individually showcase

the competitive strengths of each ICTSI facility. As a set, the brochures show readers the synergies and shared strengths of the three facilities in servicing Philippine trade. Plans are underway to include a fifth brochure on Bauan International Port, Inc. to complete the set. On one hand, the MICT Safety Guide booklet is a handy

guidebook for visitors transacting at the terminal. The booklet contains infographic on the 12 basic lifesaving rules, emergency hotlines, and an evacuation map in case of emergencies and disasters. The booklet also recently won a Silver Anvil from the Public Relations Society of the Philippines last March.

Parola Solid Waste Management Project The ICTSI Foundation won its first Quill through

the PSWMP, a community welfare project that aims to curb indiscriminate dumping of garbage along the MICT South Access Road. Aside from addressing the garbage problem, the PSWMP provides an environmental agenda platform for Parola, MICT’s

immediate community, enabling and empowering residents to openly discuss and address environmental issues

affecting the community. A highlight of the program was the selection of Eco Patrols,

community leaders in charge of cleanliness in the Parola area. The Eco Patrols are champions of waste segregation, regularly educating their neighbors on proper solid waste disposal, including monitoring of garbage disposal. The PSWMP opened other opportunities for Eco Patrols such as securing social security, and regular leadership and capability training. The PSWMP won the 2015 Best New Social Technology

Award from the Philippine Department of Social Welfare and Development in its annual Citations for Distinct Contributions to the Nation / My Pledge to the Nation Awards.

MEETS AND GREETS

ICTSI Oregon officers visit SubicBy Zinno Gudez

ICTSI Oregon officers visited Subic Bay International Terminal Corporation (SBITC) last April following their recent visit to Baltic Container Terminal (BCT) in Gdynia, Poland. Jason Peter (left), ICTSI Oregon Marine Manager, and Brian Yockey, ICTSI Oregon Labor Relations Director, paid SBITC a working visit to observe terminal operations and exchange operational best practices with their counterparts in Subic.

PICT wins top OSH&E AwardBy Arif Raza

Pakistan International Container Terminal (PICT) won the top occupational safety, health and environment (OSH&E) award for the service sector at the 11th Employers’ Federation of Pakistan Annual Award last 28 April. The EFP lauds PICT’s management for promoting a safety-first culture at the workplace and actively sensitizing the business to OSH&E issues. Receiving the award on behalf of PICT was Khurram Aziz Khan (right), PICT Chief Operating Officer. Mr. Aziz dedicates the award to everyone in the team who oversaw the Company’s compliance to OSH&E best practices.



MEETS AND GREETS

MICT conducts Commercial Claims for Non-claims seminarBy Mercy Rodriguez

Last 6 May, MICT conducted the first Commercial Claims for Non-Claims seminar for supervisors, superintendents, assistant managers and managers. Spearheaded by Atty. Mark Acoymo, MICT Insurance & Claims Assistant Manager, the seminar educated participants about preservation of evidences with legal relevance, the concept of a common carrier and how ICTSI, as a terminal operator, is part of the common carrier chain, among others. Under Philippine law, the common carrier is bound to observe extraordinary diligence when it comes to safeguarding goods under any circumstance. The seminar specifically tackled strategies and practices that would help prevent negligence on the part of the operations employee. Participants of the first Claims for Non-Claims seminar at MICT.

DO GOOD

ICTSI Foundation spearheads clean water projects

By Joy Lapuz

The ICTSI Foundation, in partnership with the Philippine Business for Social Progress (PBSP) and V on Wings Producer Cooperative, is funding water projects for the San Martin Aeta Village in Bamban, Tarlac, and Sitio Cogunan in San Miguel, Bulacan. Filipina Laurena, ICTSI Foundation

Deputy Executive Director, signed a memorandum of agreement with the Clark Development Corporation, PBSP, Bamban Municipal Government, National Commission on Indigenous Peoples, and the Tribung Aeta ng Sitio San Martin last 25 April. The Foundation will fund the project, while PBSP will oversee certain aspects of the project’s implementation.In San Miguel, Bulacan, the

Foundation is working with V on Wings Producer cooperative for the Running Water, Running Life Project for the benefit of Sitio Cogunan. Situated at the foot of the Sierra Madre mountain range, Sitio Cogunan is home to more than 400 indigents who depend on subsistence farming, limited livestock rearing, and until recently, small scale charcoal making. A lone spring serves as the only source of water for the whole community. “Residents depend on a single spring

for their water supply. There is an abundant supply during the rainy season, but during summer the spring is almost dry. Every day, they converge at the spring, which is merely covered by a concrete slab. The residents wash their clothes, queue to get potable water, and sometimes bathe at the same spring,” says Ms. Laurena.The Foundation donated PhP 1 million

for the construction of a sustainable water supply with the goal of improving

MOA signing (from left): Dante Curading, National Commission on Indigenous Peoples Officer; Kristine Rivadelo, PBSP Luzon Regional Center Manager; Oscar Dizon, Tribung Aeta Chieftain; Ernesto Tugade, Clark Development Corporation President; Mayor Jose Antonio Feliciano of Bamban, Tarlac; and Ms. Laurena, ICTSI Foundation Deputy Executive Director. Behind them are representatives from NCIP and Tribung Aeta.

Abundant with water during the rainy season but almost dry up every summer, this well serves as the only source of water for the residents of Sitio Cogunan.

Check turnover (from left): Filipina Laurena, ICTSI Foundation Deputy Executive Director, turns over the check donation to Sarah Gay Manuel, V on Wings Cooperative Administrator. Witnessing the turnover were Sibul local officials Laureano Ligon, Brgy. Chairman, and Remegio Sta. Ana, Brgy. Councilor.

the living standard of residents and contributing to the community’s development. With a stable supply of clean water, the community can focus on other livelihood sources such as bamboo seeding propagation, livestock and crop farming, and even aquaculture. Having these options can inspire the community to veer away from the environmentally harmful charcoal trade. For its part, the V on Wings

Cooperative will be setting aside a portion

of its income from various livelihood activities to fund the facility’s maintenance and ensure the project’s sustainability.



MAY 2016

PortFolio is published by International Container Terminal Services, Inc.

for its employees, clients, and friends.

If you wish to receive a copy of the PortFolio, please write, call or e-mail us at:

Public Relations Office, ICTSI Administration Bldg. Manila International Container Terminal,

MICT South Access RoadPort of Manila, 1012 Manila, Philippines

Telephone: +632 / 245 4101E-mail: [email protected]

URL: www.ictsi.com/media-center/newsletters/

NARLENE A. SORIANOEDITOR-IN-CHIEF

JUPITER L. KALAMBAKALMANAGING EDITOR

DENNIS T. SURIBAASSOCIATE EDITOR

RESEARCHERSZINNO NICCOLO B. GUDEZMARIE ANNALIE T. MARFILPAOLO MIGUEL S. RACELIS

JUSTINO RAMON L. TAYAG IIIRONNEL P. JAVIER

PHOTOGRAPHERSDEXTER F. LANDICHO

EDWARD R. MILAGJOHN PAOLO C. SIAT

PHILIPPINE CORRESPONDENTSMANILA

ALBERT JOSEPH R. CANCERANMARIE BERNADETTE C. DE GUZMAN

MA. CONCEPCION M. DIZONROSE A. LOBRIN

RICARDO D. PAREDESPAULO CARLO C. PEÑALBA

JESTONIE V. VINSONFRANCIS J ALGERNON G. BARTOLOME

JOY E. LAPUZ

SUBICOLGA C. URETA

JULIUS DEL ROSARIO

LAGUNAANNIE MAGSINO

BATANGASBELLE LUCERO

DAVAO CITYCHIARA MAY C. ATIS

GEN. SANTOS CITYREJAMNA JUBELAG

MISAMIS ORIENTALFRANCIS PADUGANAN

INTERNATIONAL CORRESPONDENTSARGENTINA

MAGDALENA RIANI

AUSTRALIACLAIRE JORDAN-WHILLANS

BRAZILFABIANA SOUZA

CHINASEAN XIE

MICHAEL QI

COLOMBIAJULIA DAZA

CROATIAIVA ROMAN

ECUADORKATTY OSSA BIANCHI

GEORGIAKETEVAN ORAGVELIDZE

BENJAMIN ROSARIO

IRAQSHEEBA KHAN

MADAGASCARMICHAEL RATRIMO

MEXICOLORENA VALERO

PAKISTANARIF RAZA

SYED IMRAN MOOSA

POLANDMICHAL KUZAJCZYK

USADAVID TRZYZEWSKI

P O R T F O L I ODO GOOD

ICTSI Foundation conducts outreach activity for DOH – TRC in Liyang, Pilar Bataan

By Melissa Echevarria

The ICTSI Foundation, Inc. conducted an outreach mission for the benefit of patients at the Department of Health – Treatment and Rehabilitation Center (DOH-TRC) in Liyan, Pilar, Bataan. DOH-TRC is a government-run residential institution that aims to reintegrate drug-dependent individuals back to mainstream society by subjecting them to intensive rehabilitation and medical treatment. The Foundation turned over donations

which include toiletries, musical instruments, office and sports equipment, assorted food items, clothing, and tents, among others. A multi-purpose stationary bike courtesy of Lisa Escaler, ICTSI Global Human Resources Vice President, was also turned over to the institution. Staff and residents of the institution

expressed gratitude to the Foundation for the donations, which according to them, would be very helpful to the rehabilitation process of patients. One of the residents said, “Drugs made me broken, made our family broken and made us broken in society. We thank Dr. Elizabeth and Dr. Joel for not giving up on us, for giving us motivation to set things right again so that we can go back to our community. God made us strong and we believe God will help us go through it.” Her eyes welling with tears, Dr. Elizabeth

Serrano, DOH-TRC Director, thanked the Foundation for the overwhelming support. According to her, this was the first time for the institution to receive a very generous donation from a corporate donor, covering both individual and institutional needs. The outreach

activity, which was initiated by Dr. Joel de Leon, MICT resident doctor, is part of the Foundation’s revitalized monthly outreach and employee volunteerism program.

DOH-TRC residents (in yellow) and staff (in blue and red) perform “Welcome to the Family” upon the arrival of ICTSI Foundation representatives.

Turnover of the musical instruments, office equipment and institutional donations to DOH-TRC.

Stationary bike turnover (from left): Dr. Elizabeth Serrano, Joy Lapuz, ICTSI Foundation Senior Program Head; Filipina Laurena, ICTSI Foundation Deputy Executive Diretor; ICTSI Foundation Admin Head; and Dr. Joel de Leon.

ICTSI Foundation officers and staff (white shirts)

together with Drs. Serrano and de Leon

receive a certificate of appreciation from the

DOH-TRC.

P O R T F O L I O


P O R T F O L I O


may 2016 portfolio international edition

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