^
+ Follow ALEXANDER DELMO Tag
ALEXANDER DELMO
Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 223640
                    [Title] => SEC downplays lawsuit threat over Nat’l Steel Corp lease
                    [Summary] => Securities and Exchange Commission (SEC) Chairman Lilia R. Bautista has downplayed Allengoal Steel Fabrication & Trading’s Corp.’s threat to pursue legal action if its contract to lease and operate the mothballed facilities of National Steel Corp. (NSC) is not honored by the government.


Bautista said the SEC was not a party to the signing of the lease contract entered into by Allengoal and NSC years after the Philippines’ largest steel maker closed down in 1999.
[DatePublished] => 2003-10-10 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [1] => Array ( [ArticleID] => 139965 [Title] => Allengoal clarifies EC meet [Summary] => Allengoal Steel appealed yesterday for an accurate and full disclosure by the Evaluation Committee (EC) of what transpired at the National Steel Corp. (NSC) bidders’ meeting last week.

Allengoal lead counsel Celso de las Alas was reacting to EC reports in yesterday’s papers that "none of the parties, among them Allengoal, complied with the Terms of Reference (TOR) for the lease."
[DatePublished] => 2001-11-13 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) [2] => Array ( [ArticleID] => 95517 [Title] => Three firms offer to operate NSC [Summary] => Three companies have offered to operate the manufacturing facilities of National Steel Corp. under lease agreements, further boosting the steel firm’s chances of reopening after over a year of closing shop due to mounting debts and losses.

Aside from the original lease proponent, Allengoal Steel Fabrication & Trading, the battle to lease out NSC’s facilities has attracted Cathay Pacific Steel Corp. and Glencore Far East Philippines AG of Switzerland.
[DatePublished] => 2001-06-19 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096615 [AuthorName] => Christina Mendez [SectionName] => Business [SectionUrl] => business [URL] => ) [3] => Array ( [ArticleID] => 97392 [Title] => Three firms offer to operate NSC [Summary] => Three companies have offered to operate the manufacturing facilities of National Steel Corp. under lease agreements, further boosting the steel firm’s chances of reopening after over a year of closing shop due to mounting debts and losses.

Aside from the original lease proponent, Allengoal Steel Fabrication & Trading, the battle to lease out NSC’s facilities has attracted Cathay Pacific Steel Corp. and Glencore Far East Philippines AG of Switzerland.
[DatePublished] => 2001-06-19 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096615 [AuthorName] => Christina Mendez [SectionName] => Business [SectionUrl] => business [URL] => ) [4] => Array ( [ArticleID] => 86364 [Title] => SEC to decide NSC fate by month’s end [Summary] => The Securities and Exchange Commission (SEC) will decide by the end of this month whether to consider a lease proposal or proceed with the liquidation of National Steel Corp. (NSC).

SEC Chairwoman Lilia Bautista said the commission would look into the merits of the lease offer by a local steel company, Allengoal Steel Fabrication and Trading, as a possible means to maximize the use of NSC’s assets at its Iligan City plant.
[DatePublished] => 2001-05-08 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096615 [AuthorName] => Christina Mendez [SectionName] => Business [SectionUrl] => business [URL] => ) [5] => Array ( [ArticleID] => 95997 [Title] => SEC to decide NSC fate by month’s end [Summary] => The Securities and Exchange Commission (SEC) will decide by the end of this month whether to consider a lease proposal or proceed with the liquidation of National Steel Corp. (NSC).

SEC Chairwoman Lilia Bautista said the commission would look into the merits of the lease offer by a local steel company, Allengoal Steel Fabrication and Trading, as a possible means to maximize the use of NSC’s assets at its Iligan City plant.
[DatePublished] => 2001-05-08 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096615 [AuthorName] => Christina Mendez [SectionName] => Business [SectionUrl] => business [URL] => ) [6] => Array ( [ArticleID] => 96576 [Title] => Lucio Tan seen as key factor in resolution of NSC issue [Summary] => Taipan Lucio Tan is a key factor in resolving the current financial problem of the National Steel Corp. (NSC).

Trade and Industry Secretary Manuel Roxas II said yesterday that any resolution to NSC‘s financial troubles would involve not only the Natural Development Co. (NDC) and the Malaysian government, but also the Tan-controlled Philippine National Bank and Allied Bank.

"Any solution must have the support of the banks, primarily the PNB and Allied Bank, as they represent 50 percent of the secured credits of NSC."
[DatePublished] => 2001-04-03 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1097285 [AuthorName] => Marianne V. Go [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
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