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                    [ArticleID] => 254970
                    [Title] => Gov’t backs NSC deal with Indian firm
                    [Summary] => The government is fully behind the deal struck by the creditor banks of the National Steel Corp. (NSC) with the Ispat Group of India.


This was disclosed yesterday by Trade and Industry Secretary Cesar Purisima who said, "we’d like to support this deal because it is in an area that is not as economically advanced as the rest of the country."


Investments such as this is a unique opportunity and provides employment to the area," Purisima stressed.


                    [DatePublished] => 2004-06-23 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1805266
                    [AuthorName] => Marianne V. Go
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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                    [ArticleID] => 254773
                    [Title] => RP sends team to sort out dispute between National Steel creditors, Danaharta
                    [Summary] => A Philippine delegation that reportedly has the blessings of the Arroyo government will go to Malaysia to find out why Pengurusan Danaharta Nasional Berhad is "objecting to and rejecting" the deal creditor banks of National Steel Corp. (NSC) is trying to close with the Ispat Group of India.


Government sources confirmed that it has been asked once again to intercede in behalf of the NSC creditor banks to seal a deal that would allow the sale and rehabilitation of the Iligan-based steel firm.


                    [DatePublished] => 2004-06-21 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1805266
                    [AuthorName] => Marianne V. Go
                    [SectionName] => Business
                    [SectionUrl] => business
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                    [ArticleID] => 250083
                    [Title] => Malaysia’s Danaharta rejects deal between Ispat, NSC creditor banks
                    [Summary] => Malaysia’s Pengurusan Danaharta Nasional Berhad has informed the creditor banks of National Steel Corp. (NSC) that it is "objecting to and rejecting" the deal with the ispat Group of India.


Creditor bank sources confirmed yesterday that they had received a fax letter from Danaharta "objecting to and rejecting" the Ispat deal.


The creditor banks have not yet met formally as a group to discuss this new development, sources said.


                    [DatePublished] => 2004-05-15 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1805266
                    [AuthorName] => Marianne V. Go
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                    [ArticleID] => 171019
                    [Title] => Roxas urges NSC creditors to settle dispute with Malaysians
                    [Summary] => Trade and Industry Secretary Manuel Roxas II will meet anew with creditor banks of the National Steel Corp. (NSC) to urge them to settle their dispute with the Malaysian owners of NSC over the request of the Malaysians for voting rights regarding any corporate life-changing decision to be taken in the board.


The debt restructuring of NSC is dependent on all of the creditor banks, as well as the Malaysian owners, to agree to a debt haircut and debt-to-equity conversion.


                    [DatePublished] => 2002-08-06 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1805266
                    [AuthorName] => Marianne V. Go
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                    [SectionUrl] => business
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            [4] => Array
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                    [ArticleID] => 136810
                    [Title] => DTI accepts lease proposals for NSC
                    [Summary] => Parties interested in operating the National Steel Corp. (NSC) will be given another chance to submit their formal proposal.


The Department of Trade and Industry (DTI) is now accepting sealed proposals for the operation of the NSC Iligan steel plant.


Proposals will be accepted by the office of the DTI secretary until 2 p.m. of Oct. 23 this year.


                    [DatePublished] => 2001-10-16 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1805266
                    [AuthorName] => Marianne V. Go
                    [SectionName] => Business
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HOTTICK GROUP

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                    [ArticleID] => 254970
                    [Title] => Gov’t backs NSC deal with Indian firm
                    [Summary] => The government is fully behind the deal struck by the creditor banks of the National Steel Corp. (NSC) with the Ispat Group of India.


This was disclosed yesterday by Trade and Industry Secretary Cesar Purisima who said, "we’d like to support this deal because it is in an area that is not as economically advanced as the rest of the country."


Investments such as this is a unique opportunity and provides employment to the area," Purisima stressed.


                    [DatePublished] => 2004-06-23 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1805266
                    [AuthorName] => Marianne V. Go
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                    [ArticleID] => 254773
                    [Title] => RP sends team to sort out dispute between National Steel creditors, Danaharta
                    [Summary] => A Philippine delegation that reportedly has the blessings of the Arroyo government will go to Malaysia to find out why Pengurusan Danaharta Nasional Berhad is "objecting to and rejecting" the deal creditor banks of National Steel Corp. (NSC) is trying to close with the Ispat Group of India.


Government sources confirmed that it has been asked once again to intercede in behalf of the NSC creditor banks to seal a deal that would allow the sale and rehabilitation of the Iligan-based steel firm.


                    [DatePublished] => 2004-06-21 00:00:00
                    [ColumnID] => 133272
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                    [AuthorName] => Marianne V. Go
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                    [ArticleID] => 250083
                    [Title] => Malaysia’s Danaharta rejects deal between Ispat, NSC creditor banks
                    [Summary] => Malaysia’s Pengurusan Danaharta Nasional Berhad has informed the creditor banks of National Steel Corp. (NSC) that it is "objecting to and rejecting" the deal with the ispat Group of India.


Creditor bank sources confirmed yesterday that they had received a fax letter from Danaharta "objecting to and rejecting" the Ispat deal.


The creditor banks have not yet met formally as a group to discuss this new development, sources said.


                    [DatePublished] => 2004-05-15 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1805266
                    [AuthorName] => Marianne V. Go
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                    [SectionUrl] => business
                    [URL] => 
                )

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                    [ArticleID] => 171019
                    [Title] => Roxas urges NSC creditors to settle dispute with Malaysians
                    [Summary] => Trade and Industry Secretary Manuel Roxas II will meet anew with creditor banks of the National Steel Corp. (NSC) to urge them to settle their dispute with the Malaysian owners of NSC over the request of the Malaysians for voting rights regarding any corporate life-changing decision to be taken in the board.


The debt restructuring of NSC is dependent on all of the creditor banks, as well as the Malaysian owners, to agree to a debt haircut and debt-to-equity conversion.


                    [DatePublished] => 2002-08-06 00:00:00
                    [ColumnID] => 133272
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                    [AuthorName] => Marianne V. Go
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                    [SectionUrl] => business
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                (
                    [ArticleID] => 136810
                    [Title] => DTI accepts lease proposals for NSC
                    [Summary] => Parties interested in operating the National Steel Corp. (NSC) will be given another chance to submit their formal proposal.


The Department of Trade and Industry (DTI) is now accepting sealed proposals for the operation of the NSC Iligan steel plant.


Proposals will be accepted by the office of the DTI secretary until 2 p.m. of Oct. 23 this year.


                    [DatePublished] => 2001-10-16 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1805266
                    [AuthorName] => Marianne V. Go
                    [SectionName] => Business
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abtest

Gov’t backs NSC deal with Indian firm

By Marianne V. Go | June 23, 2004 - 12:00am

The government is fully behind the deal struck by the creditor banks of the National Steel Corp. (NSC) with the Ispat Group of India. This was disclosed yesterday by Trade and Industry Secretary Cesar Purisima who...

Business

RP sends team to sort out dispute between National Steel creditors, Danaharta

By Marianne V. Go | June 21, 2004 - 12:00am

A Philippine delegation that reportedly has the blessings of the Arroyo government will go to Malaysia to find out why Pengurusan Danaharta Nasional Berhad is "objecting to and rejecting" the deal creditor...

Business

Malaysia’s Danaharta rejects deal between Ispat, NSC creditor banks

By Marianne V. Go | May 15, 2004 - 12:00am

Malaysia’s Pengurusan Danaharta Nasional Berhad has informed the creditor banks of National Steel Corp. (NSC) that it is "objecting to and rejecting" the deal with the ispat Group of India. Creditor...

Business

Roxas urges NSC creditors to settle dispute with Malaysians

By Marianne V. Go | August 6, 2002 - 12:00am

Trade and Industry Secretary Manuel Roxas II will meet anew with creditor banks of the National Steel Corp. (NSC) to urge them to settle their dispute with the Malaysian owners of NSC over the request of the Malaysians...

Business

DTI accepts lease proposals for NSC

By Marianne V. Go | October 16, 2001 - 12:00am

Parties interested in operating the National Steel Corp. (NSC) will be given another chance to submit their formal proposal. The Department of Trade and Industry (DTI) is now accepting sealed proposals for the operation...

Business