ICTSI forms shared services unit

By Leslie D. Venzon

MANILA, Dec. 16 (PNA) — Listed port giant International Container Terminal Services, Inc. (ICTSI) has formed its premier shared services company (SSC) to deliver business process outsourcing (BPO) and other related services to its business units.

The company told the local bourse that ICTSI Asia Pacific Business Services, Inc. (APBS), located at 5 Ecom in Pasay City, will operate as a separate support organization to provide cost-efficient services to ICTSI’s subsidiaries and affiliates in the Asia-Pacific region as well as other clients worldwide.

The shared services firm will streamline business processes, enable best practices and create operational efficiencies.

ICTSI is a leading port management company involved in the operation and development of marine terminals and port projects worldwide.

It has received global acclaim for its public-private partnerships with economies divesting of its port assets to the private sector. (PNA)