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] => 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] => 
                )

            [2] => Array
                (
                    [ArticleID] => 246809
                    [Title] => Incentives OK’d for debt-equity swap between NSC, creditors
                    [Summary] => The Bangko Sentral ng Pilipinas (BSP) has granted incentives to the debt-for equity swap between National Steel Corp. (NSC) and its creditor banks, the first sale of its kind under the Special Purpose Vehicle Act. 


The Monetary Board approved the incentives covering the disposition of some P13.792 billion worth of obligations that would be transferred to a special purpose vehicle. 


                    [DatePublished] => 2004-04-19 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 244572
                    [Title] => NSC sale not likely to get SPVA perks
                    [Summary] => The debt-for-equity swap between the National Steel Corp. and its bank creditors is not likely to qualify for incentives under the Special Purpose Vehicle Act (SPVA). 


Sources said yesterday that the Bangko Sentral ng Pilipinas (BSP) is not inclined to qualify the transaction for tax breaks and other incentives because it  is not a "true sale" of NSC’s bad debts. 


                    [DatePublished] => 2004-03-30 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [4] => Array
                (
                    [ArticleID] => 236587
                    [Title] => Indian firm eyes Mindanao rail project
                    [Summary] => The New Delhi-based Ircon International Ltd. has expressed interest in the controversial Pan Mindanao Railways Development Project (MRDP), prompting the government to revive the P200-billion project that has been mothballed since 1998. 


Government sources said  the  Philippine National Railway (PNR) has called for an inter-agency meeting to discuss the possibility of reviving the project after Ircon reportedly made exploratory inquiries about the project. 


                    [DatePublished] => 2004-01-27 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

GLOBAL INFRASTRUCTURE HOLDINGS INC

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] => 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] => 
                )

            [2] => Array
                (
                    [ArticleID] => 246809
                    [Title] => Incentives OK’d for debt-equity swap between NSC, creditors
                    [Summary] => The Bangko Sentral ng Pilipinas (BSP) has granted incentives to the debt-for equity swap between National Steel Corp. (NSC) and its creditor banks, the first sale of its kind under the Special Purpose Vehicle Act. 


The Monetary Board approved the incentives covering the disposition of some P13.792 billion worth of obligations that would be transferred to a special purpose vehicle. 


                    [DatePublished] => 2004-04-19 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 244572
                    [Title] => NSC sale not likely to get SPVA perks
                    [Summary] => The debt-for-equity swap between the National Steel Corp. and its bank creditors is not likely to qualify for incentives under the Special Purpose Vehicle Act (SPVA). 


Sources said yesterday that the Bangko Sentral ng Pilipinas (BSP) is not inclined to qualify the transaction for tax breaks and other incentives because it  is not a "true sale" of NSC’s bad debts. 


                    [DatePublished] => 2004-03-30 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [4] => Array
                (
                    [ArticleID] => 236587
                    [Title] => Indian firm eyes Mindanao rail project
                    [Summary] => The New Delhi-based Ircon International Ltd. has expressed interest in the controversial Pan Mindanao Railways Development Project (MRDP), prompting the government to revive the P200-billion project that has been mothballed since 1998. 


Government sources said  the  Philippine National Railway (PNR) has called for an inter-agency meeting to discuss the possibility of reviving the project after Ircon reportedly made exploratory inquiries about the project. 


                    [DatePublished] => 2004-01-27 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

abtest

Creditors assure Danaharta of its share in NSC sales proceeds

By Marianne V. Go | August 18, 2004 - 12:00am

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...

Business

DTI to mediate row between Nat’l Steel creditors, Danaharta

By Rocel Felix | May 24, 2004 - 12:00am

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...

Business

Incentives OK’d for debt-equity swap between NSC, creditors

By Des Ferriols | April 19, 2004 - 12:00am

The Bangko Sentral ng Pilipinas (BSP) has granted incentives to the debt-for equity swap between National Steel Corp. (NSC) and its creditor banks, the first sale of its kind under the Special Purpose Vehicle Act....

Business

NSC sale not likely to get SPVA perks

By Des Ferriols | March 30, 2004 - 12:00am

The debt-for-equity swap between the National Steel Corp. and its bank creditors is not likely to qualify for incentives under the Special Purpose Vehicle Act (SPVA). Sources said yesterday that the Bangko Sentral...

Business

Indian firm eyes Mindanao rail project

By Des Ferriols | January 27, 2004 - 12:00am

The New Delhi-based Ircon International Ltd. has expressed interest in the controversial Pan Mindanao Railways Development Project (MRDP), prompting the government to revive the P200-billion project that has been...

Business