+ Follow HOTTICK Tag
Array
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[results] => Array
(
[0] => Array
(
[ArticleID] => 1352564
[Title] => Steel industry still awaiting revival
[Summary] => This reprint of a Gotcha column in Nov. 2001 show s how the government ruined the attempt to revive National Steel Corp.
[DatePublished] => 2014-08-01 00:00:00
[ColumnID] => 134276
[Focus] => 0
[AuthorID] => 1805283
[AuthorName] => Jarius Bondoc
[SectionName] => Opinion
[SectionUrl] => opinion
[URL] =>
)
[1] => Array
(
[ArticleID] => 230129
[Title] => Sale of National Steel seen before Christmas
[Summary] => The sale agreement between the National Steel Corp. (NSC) and Global Infrastructure Holdings Ltd. (GIHLI) is expected to be signed before Christmas as negotiations closed in on the proposal to shorten the repayment of its obligations from 15 years to only eight years.
[DatePublished] => 2003-12-03 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
(
[ArticleID] => 227632
[Title] => Danaharta approves NSC deal
[Summary] => The sale of the National Steel Corp. (NSC) to Global Infrastructure Holdings Ltd. (GIHLI) has been approved by the Pengurusan Danaharta Nasional Berhad (Danaharta), the asset management arm of the Malaysian government.
Negotiations are still on-going between the NSC, GIHLI and NSC’s creditor banks but the transaction was initially accepted by the Malaysian company that took over NSC’s former major stockholders, Hottick Holdings Inc.
[DatePublished] => 2003-11-12 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
(
[ArticleID] => 188110
[Title] => SPAV formed to hold P20-B assets of NSC
[Summary] => In what is seen as a prelude to the long-delayed reopening of the country’s biggest steel maker, National Steel Corp. has formed a special purpose asset vehicle to hold its assets which will be bid out to prospective investors.
Securities and Exchange Commission Chairman Lilia R. Bautista said NSC has incorporated a shell corporation named Philippine Newsteel Industry Inc., to own the P20 billion worth of assets of the debt-saddled steel firm. The new company, she said, has already applied for registration with the SEC.
[DatePublished] => 2002-12-16 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
(
[ArticleID] => 185867
[Title] => PNB’s bad loans to decline with NSC deal
[Summary] => Philippine National Bank’s (PNB) non-performing loans (NPL) will go down to 46 percent of its total loan portfolio after its exposure in the defunct National Steel Corp. is converted into shares of the special purpose vehicle (SPV) that would be created to dispose of the company’s assets.
According to PNB, one of NSC’s biggest creditors, the SPV would be jointly 80-percent owned by the steel company’s creditors and its shareholders who will own the remaining 20 percent.
[DatePublished] => 2002-11-29 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[5] => Array
(
[ArticleID] => 185754
[Title] => SEC asks for MOA between Hottick, NSC creditors
[Summary] => The Securities and Exchange Commission has directed the liquidator of National Steel Corp. to submit the memorandum of agreement signed by the steel firm’s Malaysian shareholders and creditors to enable it to formally approve the MOA and dismiss all the pending incidents to ensure an orderly resumption of NSC’s operations.
SEC Chairperson Lilia R. Bautista said the signing of the MOA paves the way for the dismissal of all pending suits or issues lodged before the commission.
[DatePublished] => 2002-11-28 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[6] => Array
(
[ArticleID] => 155319
[Title] => NSC creditors to discuss debt plan with Malaysians
[Summary] => A delegation led by creditor-banks of National Steel Corp. (NSC) and the NSC liquidator will go to Malaysia next week to discuss with the Malaysian investors the debt restructuring plan of the debt-saddled steel firm.
Trade and Industry Secretary Manuel Roxas II said yesterday that two-thirds of the local bank creditors have reached a consensus on the debt restructuring plan for NSC.
"With a two-thirds consensus, it was deemed that an offer could already be presented to the Malaysian investors," Roxas said.
[DatePublished] => 2002-03-27 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1805266
[AuthorName] => Marianne V. Go
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[7] => Array
(
[ArticleID] => 137482
[Title] => Allengoal to block new bidding for operation of NSC
[Summary] => Allengoal Steel Fabrication & Trading is determined to block any further effort to re-bid the operation of the mothballed National Steel Corp. (NSC).
Industry sources said Allengoal is getting a Temporary Restraining Order (TRO) to stop the opening of bids on Oct. 23.
Allengoal, sources added, is also set to question in court the legality of the grant of any new contract to operate the NSC plant in Iligan City.
Allengoal claims that it had already entered into a valid contract with the NSC Liquidator to operate the Iligan plant.
[DatePublished] => 2001-10-22 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1805266
[AuthorName] => Marianne V. Go
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[8] => Array
(
[ArticleID] => 137161
[Title] => Hottick begs off from NSC evaluation body
[Summary] => Representatives of Hottick Investment Limited (HIL) have begged off from joining the National Steel Corp. (NSC) Evaluation Committee in choosing a firm to operate the mothballed NSC plant in Iligan City.
Hottick representatives Ibrahim Bidin and Emiliano Napa are supposed to be reinstated in the NSC evaluation committee which is supposed to be reconstituted today (Oct. 19).
But, Bidin had begged off, while Napa indicated that he would not go without Bidin.
[DatePublished] => 2001-10-19 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1805266
[AuthorName] => Marianne V. Go
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[9] => Array
(
[ArticleID] => 136951
[Title] => Hottick bats for inclusion of Allengoal in new NSC bidding
[Summary] => Hottick Investment Ltd. continues to push for the inclusion of Allengoal Steel Fabrication and Trading in the new bidding for National Steel Corp. (NSC) being scheduled by the Department of Trade and Industry (DTI).
In a letter to Trade and Industry Secretary Manuel Roxas II, who heads the evaluation committee which will review the bids, Hottick insisted that Allengoal "be invited to participate again in this process to preclude potential roadblocks ahead."
[DatePublished] => 2001-10-17 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1805266
[AuthorName] => Marianne V. Go
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
HOTTICK
Array
(
[results] => Array
(
[0] => Array
(
[ArticleID] => 1352564
[Title] => Steel industry still awaiting revival
[Summary] => This reprint of a Gotcha column in Nov. 2001 show s how the government ruined the attempt to revive National Steel Corp.
[DatePublished] => 2014-08-01 00:00:00
[ColumnID] => 134276
[Focus] => 0
[AuthorID] => 1805283
[AuthorName] => Jarius Bondoc
[SectionName] => Opinion
[SectionUrl] => opinion
[URL] =>
)
[1] => Array
(
[ArticleID] => 230129
[Title] => Sale of National Steel seen before Christmas
[Summary] => The sale agreement between the National Steel Corp. (NSC) and Global Infrastructure Holdings Ltd. (GIHLI) is expected to be signed before Christmas as negotiations closed in on the proposal to shorten the repayment of its obligations from 15 years to only eight years.
[DatePublished] => 2003-12-03 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
(
[ArticleID] => 227632
[Title] => Danaharta approves NSC deal
[Summary] => The sale of the National Steel Corp. (NSC) to Global Infrastructure Holdings Ltd. (GIHLI) has been approved by the Pengurusan Danaharta Nasional Berhad (Danaharta), the asset management arm of the Malaysian government.
Negotiations are still on-going between the NSC, GIHLI and NSC’s creditor banks but the transaction was initially accepted by the Malaysian company that took over NSC’s former major stockholders, Hottick Holdings Inc.
[DatePublished] => 2003-11-12 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
(
[ArticleID] => 188110
[Title] => SPAV formed to hold P20-B assets of NSC
[Summary] => In what is seen as a prelude to the long-delayed reopening of the country’s biggest steel maker, National Steel Corp. has formed a special purpose asset vehicle to hold its assets which will be bid out to prospective investors.
Securities and Exchange Commission Chairman Lilia R. Bautista said NSC has incorporated a shell corporation named Philippine Newsteel Industry Inc., to own the P20 billion worth of assets of the debt-saddled steel firm. The new company, she said, has already applied for registration with the SEC.
[DatePublished] => 2002-12-16 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
(
[ArticleID] => 185867
[Title] => PNB’s bad loans to decline with NSC deal
[Summary] => Philippine National Bank’s (PNB) non-performing loans (NPL) will go down to 46 percent of its total loan portfolio after its exposure in the defunct National Steel Corp. is converted into shares of the special purpose vehicle (SPV) that would be created to dispose of the company’s assets.
According to PNB, one of NSC’s biggest creditors, the SPV would be jointly 80-percent owned by the steel company’s creditors and its shareholders who will own the remaining 20 percent.
[DatePublished] => 2002-11-29 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[5] => Array
(
[ArticleID] => 185754
[Title] => SEC asks for MOA between Hottick, NSC creditors
[Summary] => The Securities and Exchange Commission has directed the liquidator of National Steel Corp. to submit the memorandum of agreement signed by the steel firm’s Malaysian shareholders and creditors to enable it to formally approve the MOA and dismiss all the pending incidents to ensure an orderly resumption of NSC’s operations.
SEC Chairperson Lilia R. Bautista said the signing of the MOA paves the way for the dismissal of all pending suits or issues lodged before the commission.
[DatePublished] => 2002-11-28 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[6] => Array
(
[ArticleID] => 155319
[Title] => NSC creditors to discuss debt plan with Malaysians
[Summary] => A delegation led by creditor-banks of National Steel Corp. (NSC) and the NSC liquidator will go to Malaysia next week to discuss with the Malaysian investors the debt restructuring plan of the debt-saddled steel firm.
Trade and Industry Secretary Manuel Roxas II said yesterday that two-thirds of the local bank creditors have reached a consensus on the debt restructuring plan for NSC.
"With a two-thirds consensus, it was deemed that an offer could already be presented to the Malaysian investors," Roxas said.
[DatePublished] => 2002-03-27 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1805266
[AuthorName] => Marianne V. Go
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[7] => Array
(
[ArticleID] => 137482
[Title] => Allengoal to block new bidding for operation of NSC
[Summary] => Allengoal Steel Fabrication & Trading is determined to block any further effort to re-bid the operation of the mothballed National Steel Corp. (NSC).
Industry sources said Allengoal is getting a Temporary Restraining Order (TRO) to stop the opening of bids on Oct. 23.
Allengoal, sources added, is also set to question in court the legality of the grant of any new contract to operate the NSC plant in Iligan City.
Allengoal claims that it had already entered into a valid contract with the NSC Liquidator to operate the Iligan plant.
[DatePublished] => 2001-10-22 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1805266
[AuthorName] => Marianne V. Go
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[8] => Array
(
[ArticleID] => 137161
[Title] => Hottick begs off from NSC evaluation body
[Summary] => Representatives of Hottick Investment Limited (HIL) have begged off from joining the National Steel Corp. (NSC) Evaluation Committee in choosing a firm to operate the mothballed NSC plant in Iligan City.
Hottick representatives Ibrahim Bidin and Emiliano Napa are supposed to be reinstated in the NSC evaluation committee which is supposed to be reconstituted today (Oct. 19).
But, Bidin had begged off, while Napa indicated that he would not go without Bidin.
[DatePublished] => 2001-10-19 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1805266
[AuthorName] => Marianne V. Go
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[9] => Array
(
[ArticleID] => 136951
[Title] => Hottick bats for inclusion of Allengoal in new NSC bidding
[Summary] => Hottick Investment Ltd. continues to push for the inclusion of Allengoal Steel Fabrication and Trading in the new bidding for National Steel Corp. (NSC) being scheduled by the Department of Trade and Industry (DTI).
In a letter to Trade and Industry Secretary Manuel Roxas II, who heads the evaluation committee which will review the bids, Hottick insisted that Allengoal "be invited to participate again in this process to preclude potential roadblocks ahead."
[DatePublished] => 2001-10-17 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1805266
[AuthorName] => Marianne V. Go
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
abtest
November 12, 2003 - 12:00am
November 28, 2002 - 12:00am
