Mindanao Daily (July 13-14, 2020)

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MINDANAO DAILY TRUTH. JUSTICE. PROGRESS.

NEW NSC RISING Volume IX, No. 305

I

www.mindanaodailynews.com

Mon-Tue, July 13-14, 2020

P15.00

By RUFFY MAGBANUA

LIGAN City — After years of hiatus, the defunct National Steel Corporation is being readied to regain its lost glory at this time of pandemic with a new, state-of-the-art fully integrated steel mill facility.

Reconstruction of the old NSC into a modern steel plant is set to start soon by a leading European supplier of equipment and physical plants to the metal industry. City Mayor Celso Regencia has acknowledged last week the intent of a foreign-funded consortium in the amount of 4-B euros for the rebirth of the new National Steel Corporation. This development came as a big surprise after a series of failed investment proposals — mostly from Chinese groups — were presented before the pandemic to Mayor Regencia for the plan to rebuild the defunct NSC.

Regencia expressed optimism the latest investment proposal would push through as it were considering the seriousness of the consortium to proceed amid the growing threat of Covid-19. “We are bullish with the development to re-construct the mothballed NSC as this would place Iligan City once again in the country’s industrial map”, he po said. The 400-hectare property of the old NSC is now owned by the city government of Iligan after undergoing a series of legal battles with bank liquidators. Settlement for the buySee RISING, page 11

The aerial view of the old NSC. Inset: This will be the new NSC facility soon to rise at the same site in Iligan City.

Court dissolves TRO, allows MisOr to spend 2020 budget released Saturday, Presiding Judge Marites Filomena ing order (TRO) banning B. Rana-Bernales, of RTC, Misamis Oriental to spend Branch 39, also said that its approved 2020 budget. the application for the writ See ALLOWS, page 11 In a three-page decision

By CRIS DIAZ, Executive Editor

MISAMIS ORIENTAL: The Regional Trial Court here ordered the dissolution of the temporary restrain-

NNC 10 observes National Nutrition Month Photo courtesy of NNC 10

Anchored on the theme “B at ang Pinoy, SANA TALL… Iwas stunting, SAMA ALL,” the National

Nutrition Council (NNC)- kickoff ceremony. 10 has recently launched In the face of coronavirus the 46th Nutrition Month disease 2019 (COVID-19) Celebration in a virtual See NUTRITION, page 11

MINDANAO DAILY

RADYO SERBISYO | 106.3 FM CDO


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