From an article titled ‘Investors should take long-term view,’ in the Manila Times:
Taking a long-term view and aiming to “own the market” should be considered by corporate giants looking to invest overseas, a Philippine business tycoon said on Tuesday.Enrique Razon, CEO of ICTSI, the terminal operator that took over management of Portland’s Terminal 6 in 2010.
Enrique K. Razon Jr., chairman and president of ports operator International Container Terminal Services Inc. (ICTSI), said investors should consider areas that at first glance are not seen as prime locations.
In particular, “I’m very bullish about Iran, Congo and Cambodia,” Razon said at the ongoing Forbes Global CEO Conference in Manila.
“We’re taking a very long-term view. We’ve learned from past experience. It’s okay to say that if you make investments in bad places right now, over time, you’ll gain without competition,” Razon said.
