+ Follow CAPASCO Tag
CAPASCO
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[ArticleID] => 171287
[Title] => Steel makers seek ban on export of scrap metal
[Summary] => The Philippine Steelmakers Association (PSA) is asking the Department of Trade and Industry (DTI) to impose a ban on the export of scrap metal to protect the country’s local steel manufacturing industry.
"The local steel manufacturing industry is suffering from a worldwide shortage of raw material," said Jeffrey T. Ng, PSA president and owner of Cathay Pacific Steel Corp. (Capasco).
"While local steel manufacturers are still able to source scrap metal locally, they are now faced with increased competition from foreign buyers," Ng said.
[DatePublished] => 2002-08-08 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097285
[AuthorName] => Marianne V. Go
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 146207
[Title] => No decision yet on NSC lease proposals — SEC
[Summary] => The Securities and Exchange Commission (SEC) said it has not reached a decision on the proposal of Voest Alpine to lease the facilities of the defunct National Steel Corp. (NSC). Officials said they would settle the minor motions before resolving the question of lease.
Contrary to earlier reports that Malacañang has picked Voest Alpine’s lease proposal over two others, the hearing panel in charge of NSC’s liquidation said it has not reached a final decision on any of the lease proposals that have been submitted for evaluation.
[DatePublished] => 2002-01-07 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => 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] =>
)
[3] => Array
(
[ArticleID] => 139015
[Title] => DTI faces ‘difficult’ task of evaluating bids for NSC plant
[Summary] => The National Steel Corp. Evaluation Committee will have a hard time comparing the proposals submitted by Voest Alpine, Cathay Pacific Steel Corp. (CAPASCO) and Allengoal Steel Fabrication & Trading.
Voest Alpine offer is merely to rehabilitate and operate the mothballed NSC plant in Iligan.
CAPASCO, on the other hand, has submitted a lease proposal with a purchase option.
Allengoal, for its part, has basically submitted its earlier lease proposal.
[DatePublished] => 2001-11-05 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097285
[AuthorName] => Marianne V. Go
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
(
[ArticleID] => 137961
[Title] => Allengoal, 2 others submit bids for National Steel plant
[Summary] => Allengoal Steel Fabrication and Trading Corp. decided to participate in yesterday’s final deadline for the submission of lease/operation proposals for the mothballed National Steel Corp.’s plant in Iligan.
Allengoal’s participation was still uncertain up to the 6 p.m. deadline set by the evaluation committee. The company had earlier threatened it would not participate because of its claim that it already had a valid contract to operate the closed NSC plant.
[DatePublished] => 2001-10-26 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097285
[AuthorName] => Marianne V. Go
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[5] => Array
(
[ArticleID] => 134083
[Title] => National Steel employees back Allengoal proposal
[Summary] => Trade and Industry Secretary Manuel Roxas II is being accused by union members of the National Steel Corp. (NSC) of delaying the reopening of the mothballed steel firm to the detriment of NSC workers.
According to Simplicio Villarta, president of the National Steel Labor Union (NSLU), Roxas has been feeding President Arroyo "incomplete, if not inaccurate information" about NSC.
Villarta claims that Roxas is refusing to accept a bid offered by Allengoal Steel Corp. to operate the plant for a fixed monthly rental plus a share of net profits.
[DatePublished] => 2001-09-18 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[6] => Array
(
[ArticleID] => 98210
[Title] => Government lifts tariff shield on big wire, nail producers
[Summary] => Government has lifted the protection on big wire and nails manufacturers, with the Cabinet committee on Tariffs and Related Matters (TRM) approving a uniform three-percent tariff on low, medium and high-carbon wire rods used in the manufacture of wires and nails.
The decision drew mixed reactions from wire and nails manufacturers who have been using the tariff differential between low, medium and high-carbon wire rods (LCWR, MCWR and HCWR) to engage in trading activities.
[DatePublished] => 2000-12-13 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[7] => Array
(
[ArticleID] => 100756
[Title] => NSC can still apply for tax perks
[Summary] =>
The National Steel Corp (NSC) can register and avail itself of full incentives
from the Board of Investments (BOI) once it is acquired by new owners.
Following an inquiry by downstream steel producers who expressed interest in
acquiring the beleaguered company, the BOI said NSC has two ways to qualify for
full incentives if and when it is reopened by the new owners.
According to the BOI, assets held by the Asset Privatization Trust (APT) and
which are eventually taken over by private investors, could be registered as
new and qualify for full incentives.
Although NSC has b
[DatePublished] => 2000-02-13 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
abtest
January 7, 2002 - 12:00am
September 18, 2001 - 12:00am
