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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
The Insurance Commission has placed health maintenance organization Stotsenberg Healthcare Systems Inc.under conservatorship amid its inability to address requirements from the government.
2 days ago
Lotto Sep 20, 2024
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6D Lotto - 7 3 5 2
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P59,730,361.00
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P182,375,680.00
Forex
February 12, 2018
- 12:00 am
- 12:00 am
1$ : P51.66