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                    [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
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                    [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
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                    [AuthorName] => 
                    [SectionName] => Business
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                    [ArticleID] => 151826
                    [Title] => NSC liquidator asks SEC for more time
                    [Summary] => The government-appointed liquidator of National Steel Corp. (NSC) is asking the Securities and Exchange Commission (SEC) for more time to get creditors to approve a new proposal.


NSC liquidator Danilo Concepcion told reporters that he has requested the commission for another two months within which banks could study the proposal and get the approval of their respective boards of directors.


                    [DatePublished] => 2002-02-25 00:00:00
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                    [AuthorName] =>  Des  Ferriols
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                    [ArticleID] => 100756
                    [Title] => NSC can still apply for tax perks
                    [Summary] => 

The National Steel Corp (NSC) can register and avail itself of full incentives
from the Board of Investments (BOI) once it is acquired by new owners.

Following an inquiry by downstream steel producers who expressed interest in
acquiring the beleaguered company, the BOI said NSC has two ways to qualify for
full incentives if and when it is reopened by the new owners.

According to the BOI, assets held by the Asset Privatization Trust (APT) and
which are eventually taken over by private investors, could be registered as
new and qualify for full incentives.

Although NSC has b
                    [DatePublished] => 2000-02-13 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
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                    [URL] => 
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HOTTICK HOLDINGS INC

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                    [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
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                    [SectionUrl] => business
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                    [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
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                    [AuthorName] => 
                    [SectionName] => Business
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                    [ArticleID] => 151826
                    [Title] => NSC liquidator asks SEC for more time
                    [Summary] => The government-appointed liquidator of National Steel Corp. (NSC) is asking the Securities and Exchange Commission (SEC) for more time to get creditors to approve a new proposal.


NSC liquidator Danilo Concepcion told reporters that he has requested the commission for another two months within which banks could study the proposal and get the approval of their respective boards of directors.


                    [DatePublished] => 2002-02-25 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
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                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 100756
                    [Title] => NSC can still apply for tax perks
                    [Summary] => 

The National Steel Corp (NSC) can register and avail itself of full incentives
from the Board of Investments (BOI) once it is acquired by new owners.

Following an inquiry by downstream steel producers who expressed interest in
acquiring the beleaguered company, the BOI said NSC has two ways to qualify for
full incentives if and when it is reopened by the new owners.

According to the BOI, assets held by the Asset Privatization Trust (APT) and
which are eventually taken over by private investors, could be registered as
new and qualify for full incentives.

Although NSC has b
                    [DatePublished] => 2000-02-13 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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        )

)

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Sale of National Steel seen before Christmas

By Des Ferriols | December 3, 2003 - 12:00am

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...

Business

Danaharta approves NSC deal

November 12, 2003 - 12:00am

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....

Business

NSC liquidator asks SEC for more time

By Des Ferriols | February 25, 2002 - 12:00am

The government-appointed liquidator of National Steel Corp. (NSC) is asking the Securities and Exchange Commission (SEC) for more time to get creditors to approve a new proposal. NSC liquidator Danilo Concepcion...

Business

NSC can still apply for tax perks

By Des Ferriols | February 13, 2000 - 12:00am

The National Steel Corp (NSC) can register and avail itself of full incentives from the Board of Investments (BOI) once it is acquired by new owners. Following an inquiry by downstream steel producers who expressed...

Business