Enrique Razon, CEO of ICTSI
Violent protests in the Middle East may have shaken the world economy but Philippine port operator International Container Terminal Services, Inc. (ICTSI) sees opportunity amid the turmoil.
ICTSI, run by billionaire Enrique Razon, is one of only a few Philippine companies to have become a successful global player and it has done so largely by boldly going where others may feel trepidation.
“What is happening in the Middle East, as far as it affects the global economy, has an impact… but in the long term I think it is a good thing,” Razon said at a recent stockholders’ meeting, outlining his company’s strategy.
“These countries who are toppling their dictators will need to restructure, go into privatization, open up their economies.
“There will be a lot of opportunities there… and that is our thrust.”