Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 261719
                    [Title] => Creditors assure Danaharta of its share in NSC sales proceeds
                    [Summary] => Creditor-banks of the former National Steel Corp. (NSC) have assured Malaysia’s asset management firm Pengurusan Nasional Danaharta of its fair share in the proceeds of NSC’s sale to the Ispat Group of India.


Sources from the creditor-banks, who recently met with Danaharta officials in Malaysia, said Danaharta did not pose any objection to the sale.


The sources said all Danaharta wanted was an assurance that it would get its fair share from the sale of NSC to Global Infrastructure Holdings Inc., the Philippine subsidiary of the Ispat Group of India.


                    [DatePublished] => 2004-08-18 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1805266
                    [AuthorName] => Marianne V. Go
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 256406
                    [Title] => Unpaid realty taxes a tougher hurdle for NSC than Danaharta — PNB exec
                    [Summary] => The issue of the condonation of the unpaid real estate taxes of National Steel Corp. (NSC) by the Iligan City Local Government is more likely to delay the closure of the sale of NSC to the Ispat Group rather than the objection to the sale raised by the Malaysian Pengurusan Danaharta Nasional Berhad, according to Philippine National Bank (PNB) president Lorenzo Tan.


PNB is one of the largest creditors of NSC.


                    [DatePublished] => 2004-07-05 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1805266
                    [AuthorName] => Marianne V. Go
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [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] => 
                )

            [3] => Array
                (
                    [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
                    [URL] => 
                )

            [4] => Array
                (
                    [ArticleID] => 251203
                    [Title] => DTI to mediate row between Nat’l Steel creditors, Danaharta
                    [Summary] => The government is poised to mediate in the ongoing dispute between the creditors of  the National Steel Corp. (NSC) and Malaysian debt rehabilitation agency Pengurusan Danaharta Nasional Berhad which wants to void  the sale of the steel firm to  Global Infrastructure Holdings Inc. (GIHL) of the Ispat Group of India. 


Trade and Industry Secretary Cesar Purisima said the government can step in to resolve the issue but will initially prevail upon the feuding parties to discuss  their differences by themselves. 


                    [DatePublished] => 2004-05-24 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1704647
                    [AuthorName] => Rocel Felix
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [5] => Array
                (
                    [ArticleID] => 250589
                    [Title] => Danaharta can’t oppose NSC sale to Global — creditors
                    [Summary] => The Malaysian holding firm Pengurusan Danaharta Nasional Berhad (Danaharta)  has no right to vote against the sale of the National Steel Corp. (NSC).


This was  the position of the creditor banks of NSC after Danaharta   expressed its disapproval of the sale of the troubled steel firm to Global Infrastructure Holdings Ltd. (Global Infrastructure). 


                    [DatePublished] => 2004-05-19 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [6] => Array
                (
                    [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
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [7] => Array
                (
                    [ArticleID] => 234578
                    [Title] => GIHL sweetens final offer for NSC to P13.25-B
                    [Summary] => Global Infrastructure Holdings Ltd. (GIHL) had sweetened its final offer for National Steel Corp. (NSC) to P13.25 billion with P1 billion cash up front upon reaching a deal with the creditor banks. 


The balance of P12.25 billion would be paid over eight years.  


GIHLs original offer was P11.905 billion payable over 10 years and an up front cash of P655 million. 


                    [DatePublished] => 2004-01-10 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1805266
                    [AuthorName] => Marianne V. Go
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [8] => 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] => 
                )

            [9] => 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] => 
                )

        )

)

DANAHARTA

Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 261719
                    [Title] => Creditors assure Danaharta of its share in NSC sales proceeds
                    [Summary] => Creditor-banks of the former National Steel Corp. (NSC) have assured Malaysia’s asset management firm Pengurusan Nasional Danaharta of its fair share in the proceeds of NSC’s sale to the Ispat Group of India.


Sources from the creditor-banks, who recently met with Danaharta officials in Malaysia, said Danaharta did not pose any objection to the sale.


The sources said all Danaharta wanted was an assurance that it would get its fair share from the sale of NSC to Global Infrastructure Holdings Inc., the Philippine subsidiary of the Ispat Group of India.


                    [DatePublished] => 2004-08-18 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1805266
                    [AuthorName] => Marianne V. Go
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 256406
                    [Title] => Unpaid realty taxes a tougher hurdle for NSC than Danaharta — PNB exec
                    [Summary] => The issue of the condonation of the unpaid real estate taxes of National Steel Corp. (NSC) by the Iligan City Local Government is more likely to delay the closure of the sale of NSC to the Ispat Group rather than the objection to the sale raised by the Malaysian Pengurusan Danaharta Nasional Berhad, according to Philippine National Bank (PNB) president Lorenzo Tan.


PNB is one of the largest creditors of NSC.


                    [DatePublished] => 2004-07-05 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1805266
                    [AuthorName] => Marianne V. Go
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [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] => 
                )

            [3] => Array
                (
                    [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
                    [URL] => 
                )

            [4] => Array
                (
                    [ArticleID] => 251203
                    [Title] => DTI to mediate row between Nat’l Steel creditors, Danaharta
                    [Summary] => The government is poised to mediate in the ongoing dispute between the creditors of  the National Steel Corp. (NSC) and Malaysian debt rehabilitation agency Pengurusan Danaharta Nasional Berhad which wants to void  the sale of the steel firm to  Global Infrastructure Holdings Inc. (GIHL) of the Ispat Group of India. 


Trade and Industry Secretary Cesar Purisima said the government can step in to resolve the issue but will initially prevail upon the feuding parties to discuss  their differences by themselves. 


                    [DatePublished] => 2004-05-24 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1704647
                    [AuthorName] => Rocel Felix
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [5] => Array
                (
                    [ArticleID] => 250589
                    [Title] => Danaharta can’t oppose NSC sale to Global — creditors
                    [Summary] => The Malaysian holding firm Pengurusan Danaharta Nasional Berhad (Danaharta)  has no right to vote against the sale of the National Steel Corp. (NSC).


This was  the position of the creditor banks of NSC after Danaharta   expressed its disapproval of the sale of the troubled steel firm to Global Infrastructure Holdings Ltd. (Global Infrastructure). 


                    [DatePublished] => 2004-05-19 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [6] => Array
                (
                    [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
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [7] => Array
                (
                    [ArticleID] => 234578
                    [Title] => GIHL sweetens final offer for NSC to P13.25-B
                    [Summary] => Global Infrastructure Holdings Ltd. (GIHL) had sweetened its final offer for National Steel Corp. (NSC) to P13.25 billion with P1 billion cash up front upon reaching a deal with the creditor banks. 


The balance of P12.25 billion would be paid over eight years.  


GIHLs original offer was P11.905 billion payable over 10 years and an up front cash of P655 million. 


                    [DatePublished] => 2004-01-10 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1805266
                    [AuthorName] => Marianne V. Go
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [8] => 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] => 
                )

            [9] => 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] => 
                )

        )

)

abtest