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Array ( [results] => Array ( [0] => Array ( [ArticleID] => 236486 [Title] => BSP pushes sale of National Steel [Summary] => The Bangko Sentral ng Pilipinas (BSP) is urging the National Steel Corp. (NSC) and its creditor-banks to finalize a decision on the sale of the steel firm.
BSP Governor Rafael Buenaventura told reporters over the weekend the sale of NSC and the restructuring of its loans will benefit the local banking industry.
"Looking at it from the industry standpoint, the restructuring of NSCs obligations will improve the non-performing loans (NPL) ratio of the banking industry," Buenaventura said.
[DatePublished] => 2004-01-26 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096655 [AuthorName] => Des Ferriols [SectionName] => Business [SectionUrl] => business [URL] => ) [1] => Array ( [ArticleID] => 235981 [Title] => LNM Group continues to pursue bid for Natl Steel [Summary] => The LNM group will continue to pursue its bid for the National Steel Corp. (NSC) even after reports that majority of NSCs creditor-banks have accepted the improved offer of Global Infrastructure Holding Ltd. (GIHL).
LNM Holdings marketing manager Eric Tierie said yesterday that LNM is now willing to translate its offer to more outright cash instead of a profit-sharing scheme.
LNM would offer 10 percent more than the P13.25 billion offer of GIHL or P14.575 billion with the amount payable in less than eight years and P2.5-billion payable upfront.
[DatePublished] => 2004-01-22 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1805266 [AuthorName] => Marianne V. Go [SectionName] => Business [SectionUrl] => business [URL] => ) [2] => Array ( [ArticleID] => 235654 [Title] => GIHL scores LNM over Natl Steel bidding issue [Summary] => Global Infrastructure Holdings Limited (GIHL) has finally broken its silence on the continuing complaints of the LNM Group over the bidding for the Philippine National Steel Corp. (NSC).
Speaking on behalf of GIHL, Sushant C. Das, president-designate of GIHL, expressed his regret yesterday over the recent statements by Eric Tierie of LNM Holdings N.V. describing the NSC bidding as "unfair."
[DatePublished] => 2004-01-19 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1805266 [AuthorName] => Marianne V. Go [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
ERIC TIERIE
Array ( [results] => Array ( [0] => Array ( [ArticleID] => 236486 [Title] => BSP pushes sale of National Steel [Summary] => The Bangko Sentral ng Pilipinas (BSP) is urging the National Steel Corp. (NSC) and its creditor-banks to finalize a decision on the sale of the steel firm.
BSP Governor Rafael Buenaventura told reporters over the weekend the sale of NSC and the restructuring of its loans will benefit the local banking industry.
"Looking at it from the industry standpoint, the restructuring of NSCs obligations will improve the non-performing loans (NPL) ratio of the banking industry," Buenaventura said.
[DatePublished] => 2004-01-26 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096655 [AuthorName] => Des Ferriols [SectionName] => Business [SectionUrl] => business [URL] => ) [1] => Array ( [ArticleID] => 235981 [Title] => LNM Group continues to pursue bid for Natl Steel [Summary] => The LNM group will continue to pursue its bid for the National Steel Corp. (NSC) even after reports that majority of NSCs creditor-banks have accepted the improved offer of Global Infrastructure Holding Ltd. (GIHL).
LNM Holdings marketing manager Eric Tierie said yesterday that LNM is now willing to translate its offer to more outright cash instead of a profit-sharing scheme.
LNM would offer 10 percent more than the P13.25 billion offer of GIHL or P14.575 billion with the amount payable in less than eight years and P2.5-billion payable upfront.
[DatePublished] => 2004-01-22 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1805266 [AuthorName] => Marianne V. Go [SectionName] => Business [SectionUrl] => business [URL] => ) [2] => Array ( [ArticleID] => 235654 [Title] => GIHL scores LNM over Natl Steel bidding issue [Summary] => Global Infrastructure Holdings Limited (GIHL) has finally broken its silence on the continuing complaints of the LNM Group over the bidding for the Philippine National Steel Corp. (NSC).
Speaking on behalf of GIHL, Sushant C. Das, president-designate of GIHL, expressed his regret yesterday over the recent statements by Eric Tierie of LNM Holdings N.V. describing the NSC bidding as "unfair."
[DatePublished] => 2004-01-19 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1805266 [AuthorName] => Marianne V. Go [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
abtest
By Des Ferriols | January 26, 2004 - 12:00am
By Marianne V. Go | January 22, 2004 - 12:00am
By Marianne V. Go | January 19, 2004 - 12:00am
Recommended
A businessman, tagged as a suspect in the shooting of three people in Calapan City, including the assistant Land Transportation Office district chief, surrendered to the National Bureau of Investigation in Oriental Mindoro yesterday.
12 hours ago
Sen. Sherwin Gatchalian yesterday belied reports that he was involved in the illegal entry of a Cadillac Escalade at the Edsa bus lane on Sunday night.
1 day ago
A heated argument over a routine Land Transport Office checkpoint inspection led to the shooting of the LTO assistant district chief in Calapan, Oriental Mindoro and two businessmen, one of whom succumbed to a gunshot wound.
1 day ago
Describing himself as a law-abiding public servant, Sen. Sherwin Gatchalian broke his silence yesterday about the involvement of his family in the Cadillac vehicle with a Senate protocol plate that illegally entered the EDSA busway.
2 days ago
The luxury vehicle bearing the Senate protocol plate “7” that was flagged down along the EDSA bus lane is a vehicle registered with the Gatchalians, according to the Land Transportation Office.
3 days ago
Lotto Nov 9, 2024
EZ2/LVM - 8 16
SUERTRES - 6 5 2
6D Lotto - 1 8 3 0 1 7
6/42 - 37 6 7 18 9 27
P6,627,798.00
Grand Lotto - 52 29 40 42 16 55
P108,392,002.00
Forex
February 12, 2018
- 12:00 am
- 12:00 am
1$ : P51.66