GMA joins Iligan’s fiesta festivities

ILIGAN CITY — President Arroyo is arriving today in this city where she had spent her summer vacations, to join its fiesta celebration.

The President will fly in aboard a chopper from Cagayan de Oro City and will immediately proceed to the St. Michael’s Cathedral, according to the Philippine Information Office.

She will reportedly visit the National Steel Corp. (NSC) complex in Barangay Suarez to receive a P1-billion check representing the "upfront money" of the Global International Holdings Ltd.

Global and the NSC’s bank creditors are reportedly signing on Oct. 10 an asset purchase agreement for its acquisition of the NSC. — Lino de la Cruz