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    [results] => Array
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                (
                    [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 NSC’s 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 Nat’l Steel
                    [Summary] => The LNM group will continue to pursue its bid for the National Steel Corp. (NSC) even after reports that majority of NSC’s 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  Nat’l 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] => 
                )

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)

ERIC TIERIE

Array
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    [results] => Array
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            [0] => Array
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                    [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 NSC’s 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 Nat’l Steel
                    [Summary] => The LNM group will continue to pursue its bid for the National Steel Corp. (NSC) even after reports that majority of NSC’s 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  Nat’l 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

BSP pushes sale of National Steel

By Des Ferriols | January 26, 2004 - 12:00am

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...

Business

LNM Group continues to pursue bid for Nat’l Steel

By Marianne V. Go | January 22, 2004 - 12:00am

The LNM group will continue to pursue its bid for the National Steel Corp. (NSC) even after reports that majority of NSC’s creditor-banks have accepted the improved offer of Global Infrastructure Holding Ltd....

Business

GIHL scores LNM over Nat’l Steel bidding issue

By Marianne V. Go | January 19, 2004 - 12:00am

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,...

Business