MANILA -Asian Terminals Inc. (ATI), which ended 2022 with a robust profit growth, is targeting to spend as much as P5.2 billion this year for its expansion plans. According to its 2022 financial report, the listed company is working on acquiring additional modern equipment, completing the Batangas Passenger Terminal modernization project, expanding existing port facilities and employing smart IT (information technology) systems, among others. 'In line with its long-term sustainability, ATI explores new business growth drivers, including developing smart cargo storage spaces within and outside port zones, offering ancillary services anchored on its core competencies and exploring new port operations locally or overseas, given the right opportunity,' the port operator said.

https://business.inquirer.net/396401/asian-terminals-earmarks-p5-2b-for-expansion-in-2023

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