Port operator International Container Terminal Services Inc. formed a new company for its business process outsourcing operations.

The company owned by billionaire Enrique Razon Jr. told the stock exchange subsidiary Cordilla Properties Holdings Inc. established a premier shared services company called ICTSI Asia Pacific Business Services Inc. (APBS).

The new company aims to deliver business process outsourcing and other related services to subsidiaries and affiliates of ICTSI in the Asia-Pacific region and other clients globally.

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