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Array ( [results] => Array ( [0] => Array ( [ArticleID] => 161151 [Title] => Steel nerves amidst pressure [Summary] => It has been two and a half years since the National Steel Corp. (NSC) had shut down its plants in Iligan City, leaving a trail of tears, deprivation and lost dreams in its wake.
How else would you describe a catastrophe that left 2,000 people out of jobs, had put about 80,000 children out of school, deprived the city of P160 million in taxes yearly, and denied the government of close to P1 billion in duties on the raw material the company imports annually?
[DatePublished] => 2002-05-17 00:00:00 [ColumnID] => 133715 [Focus] => 0 [AuthorID] => 1805279 [AuthorName] => Rey Gamboa [SectionName] => Business [SectionUrl] => business [URL] => ) [1] => Array ( [ArticleID] => 155319 [Title] => NSC creditors to discuss debt plan with Malaysians [Summary] => A delegation led by creditor-banks of National Steel Corp. (NSC) and the NSC liquidator will go to Malaysia next week to discuss with the Malaysian investors the debt restructuring plan of the debt-saddled steel firm.
Trade and Industry Secretary Manuel Roxas II said yesterday that two-thirds of the local bank creditors have reached a consensus on the debt restructuring plan for NSC.
"With a two-thirds consensus, it was deemed that an offer could already be presented to the Malaysian investors," Roxas said.
[DatePublished] => 2002-03-27 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1805266 [AuthorName] => Marianne V. Go [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
WING TIEK
Array ( [results] => Array ( [0] => Array ( [ArticleID] => 161151 [Title] => Steel nerves amidst pressure [Summary] => It has been two and a half years since the National Steel Corp. (NSC) had shut down its plants in Iligan City, leaving a trail of tears, deprivation and lost dreams in its wake.
How else would you describe a catastrophe that left 2,000 people out of jobs, had put about 80,000 children out of school, deprived the city of P160 million in taxes yearly, and denied the government of close to P1 billion in duties on the raw material the company imports annually?
[DatePublished] => 2002-05-17 00:00:00 [ColumnID] => 133715 [Focus] => 0 [AuthorID] => 1805279 [AuthorName] => Rey Gamboa [SectionName] => Business [SectionUrl] => business [URL] => ) [1] => Array ( [ArticleID] => 155319 [Title] => NSC creditors to discuss debt plan with Malaysians [Summary] => A delegation led by creditor-banks of National Steel Corp. (NSC) and the NSC liquidator will go to Malaysia next week to discuss with the Malaysian investors the debt restructuring plan of the debt-saddled steel firm.
Trade and Industry Secretary Manuel Roxas II said yesterday that two-thirds of the local bank creditors have reached a consensus on the debt restructuring plan for NSC.
"With a two-thirds consensus, it was deemed that an offer could already be presented to the Malaysian investors," Roxas said.
[DatePublished] => 2002-03-27 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1805266 [AuthorName] => Marianne V. Go [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
abtest
By Rey Gamboa | May 17, 2002 - 12:00am
By Marianne V. Go | March 27, 2002 - 12:00am
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