^
+ Follow ALLENGOAL Tag
ALLENGOAL
Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 1352564
                    [Title] => Steel industry still awaiting revival
                    [Summary] => 

This reprint of a Gotcha column in Nov. 2001 show s how the government ruined the attempt to revive National Steel Corp.

 

 

 

[DatePublished] => 2014-08-01 00:00:00 [ColumnID] => 134276 [Focus] => 0 [AuthorID] => 1805283 [AuthorName] => Jarius Bondoc [SectionName] => Opinion [SectionUrl] => opinion [URL] => ) [1] => Array ( [ArticleID] => 226756 [Title] => Nat’l Steel creditors start talks with Ispat Global [Summary] => Creditor banks of National Steel Corp. (NSC) have began negotiations with Ispat Global for the possible lease with option to purchase the mothballed steel firm in Iligan City, Davao.

This was announced yesterday by Trade and Industry Secretary Manuel Roxas II who said that there were three to four proposals to lease NSC, but only two "matured into documented serious bids."

However, Roxas said, the creditor committee is currently negotiating with Ispat Global.

He did not identify the other "serious" bidder.
[DatePublished] => 2003-11-05 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1097285 [AuthorName] => Marianne V. Go [SectionName] => Business [SectionUrl] => business [URL] => ) [2] => Array ( [ArticleID] => 223640 [Title] => SEC downplays lawsuit threat over Nat’l Steel Corp lease [Summary] => Securities and Exchange Commission (SEC) Chairman Lilia R. Bautista has downplayed Allengoal Steel Fabrication & Trading’s Corp.’s threat to pursue legal action if its contract to lease and operate the mothballed facilities of National Steel Corp. (NSC) is not honored by the government.

Bautista said the SEC was not a party to the signing of the lease contract entered into by Allengoal and NSC years after the Philippines’ largest steel maker closed down in 1999.
[DatePublished] => 2003-10-10 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [3] => Array ( [ArticleID] => 223430 [Title] => Allengoal pushes lease with Nat’l Steel [Summary] => Allengoal Steel Fabrication & Trading asked yesterday the Securities and Exchange Commission (SEC) for the immediate implementation of its lease agreement with the National Steel Corp. (NSC) which was executed on May 26, 2000.

In a letter to SEC Chairperson Lilia R. Bautista, Allengoal president Alexander S. Delmo warned that if the lease agreement is not acted upon, the firm would be "constrained to seek all immediate legal remedies" to protect itself.
[DatePublished] => 2003-10-08 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1097285 [AuthorName] => Marianne V. Go [SectionName] => Business [SectionUrl] => business [URL] => ) [4] => Array ( [ArticleID] => 143577 [Title] => NSC body needs more time to study proposals [Summary] => The National Steel Corp. (NSC) evaluation committee will not be able to complete its work this year following a delay in the submission of further requirements by the three major proponents to rehabilitate the ailing steel plant.

Allengoal Steel Fabrication and Trading Co. and Cathay Pacific Steel Corp. (Capasco) have asked the NSC evaluation committee for more time to submit additional clarificatory information about their lease offers.

The committee gave the two firms up to Dec. 19 to submit the additional requirements.
[DatePublished] => 2001-12-14 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1097285 [AuthorName] => Marianne V. Go [SectionName] => Business [SectionUrl] => business [URL] => ) [5] => Array ( [ArticleID] => 141691 [Title] => DTI wants to give up lead role in NSC body [Summary] => The Department of Trade and Industry (DTI) wants to step-down from its lead role in the National Steel Corp. (NSC) evaluation committee and let the main NSC stakeholders assume the lead in the evaluation process.
[DatePublished] => 2001-11-28 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1097285 [AuthorName] => Marianne V. Go [SectionName] => Business [SectionUrl] => business [URL] => ) [6] => Array ( [ArticleID] => 141587 [Title] => National Steel evaluation body receives new business plans [Summary] => The National Steel Corp. (NSC) evaluation committee received yesterday new business and financial plans from Allengoal Steel Fabrication and Trading, Cathay Pacific Steel Corp. and Voest Alpine as part of the committee’s additional requirements for the rehabilitation of the shuttered steel plant.

But Allengoal expressed its concern that the request for clarification and more detailed business and financial plans may be an attempt by the committee to give the two other bidders an opportunity to improve, revise and even possibly top the offer submitted by Allengoal.
[DatePublished] => 2001-11-27 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1097285 [AuthorName] => Marianne V. Go [SectionName] => Business [SectionUrl] => business [URL] => ) [7] => Array ( [ArticleID] => 140387 [Title] => Restart National Steel, restart north Mindanao [Summary] => Iligan is a city practically built on steel. It began hosting in the ’60s a modest steel mill that government, from a World bank loan, transformed into huge integrated steel works to provide the girders for Southeast Asia’s growth. National Steel Corp. was born from what was once the Iligan Steel Mill in the early ’70s. At its peak National Steel posted annual business of P16 billion, and employed 4,000 workers - a third of Iligan’s total payroll. [DatePublished] => 2001-11-17 00:00:00 [ColumnID] => 134276 [Focus] => 0 [AuthorID] => 1805283 [AuthorName] => Jarius Bondoc [SectionName] => Opinion [SectionUrl] => opinion [URL] => ) [8] => Array ( [ArticleID] => 139965 [Title] => Allengoal clarifies EC meet [Summary] => Allengoal Steel appealed yesterday for an accurate and full disclosure by the Evaluation Committee (EC) of what transpired at the National Steel Corp. (NSC) bidders’ meeting last week.

Allengoal lead counsel Celso de las Alas was reacting to EC reports in yesterday’s papers that "none of the parties, among them Allengoal, complied with the Terms of Reference (TOR) for the lease."
[DatePublished] => 2001-11-13 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) [9] => Array ( [ArticleID] => 139271 [Title] => NSC union hits plans of evaluation body [Summary] => Displaced workers of National Steel Corp. (NSC) questioned yesterday plans of the evaluation committee (EC) to hold "closed-door consultations" with bidders who did not even make a lease price offer.

National Steel Labor Union-FFW (NASLU-FFW) president Simplicio H. Villarta Jr. said this is the only bidding where the terms of reference (TOR) were ignored, no clear parameters set, and only the so-called EC has an idea of what the "best offer" looks like.
[DatePublished] => 2001-11-07 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
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