MINDANAO DAILY TRUTH. JUSTICE. PROGRESS.
Volume IX, No. 312
www.mindanaodailynews.com
Wed-Thu, July 29-30, 2020
Mindanao steel plants to boost PH economy By MARK FRANCISCO Correspondent
Cagayan de Oro, — Two big foreign-funded integrated steel mills are on the rise to boost the ailing economy of the country due to Covid-19 pandemic. The revival of the sleeping National Steel Corporation (NSC) in Iligan City and the birth of a new Chineseled Huili-SH steel mill in Phividec Industrial Estate in Tagoloan, Misamis Oriental are in response to the call of President Duterte’s State of the Nation Address (SONA) to spring the country’s weak economy back to life. Seen to create thousands of jobs and open up downstream businesses amid the ongoing threat of Covid-19. The coming of these twin steel plants in Mindanao will place the country as the “steel center of Asia”. After years of hiatus,
the defunct National Steel Corporation is being readied to regain its lost glory at this 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
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Ayala CEO to Gen Z: Make meaningful change through innovation and shared purpose Makati City, July 29 - Ayala Corporation Chairman & CEO Jaime Augusto Zobel de Ayala enjoined the youth to become nation builders at the Ramon V. del Rosario (RVR) Siklab Youth NationBuilders Webinar, which was livestreamed on Facebook on July 25, 2020. “We certainly live in a volatile, uncertain, complex, and ambiguous world that is made even more difficult by COVID-19. Despite this, I believe that there is always hope, and that you are all in a unique position to generate meaningful change. People-centric innovation and a strong commonality of purpose are the best tools to making this change happen,” Zobel said.
Jaime Augusto Zobel de Ayala
Zobel, who received the 2014 RVR Award for Nation Building, shared studies by McKinsey and Innosight that indicate how innovations developed during crises allow companies to thrive long after the disruptions have
See CHANGE, page 19
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 See PLANTS, page 23
Strong quake damage NEDA 10 director expresses mall ceilings, big house support for steel mill revival in Agusan towns By MARK FRANCISCO
By CHRIS V. PANGANIBAN Contributing Editor
Part of the big house of Elmer Batisting in Talacogon town in Agusan del Sur where two rooms crumbled to the ground. photo courtesy of jhungie soronio librias
SAN FRANCISCO, Agusan del Sur -- The ceiling of Gaisano Grand Mall here collapsed and a part of the semi-concrete house in Talacogon town crumbled to the ground as the Philippine Institute of Volcanology and Seismology (Phivolcs) reported in its Earthquake Bulletin No. 3 that these
areas recorded magnitude Intensity 6 in these two areas. Phivolcs has initially reported the epicenter with a magnitude of 5.8 was spotted 21 kilometers northeast of Bayabas town in Surigao del Sur that struck 1:32 a.m. on Tuesday. Mall goers and workers of Gaisano Grand See QUAKE, page 23
(PIA Fil Photo)
MINDANAO DAILY
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THE regional director of the National Economic and Development Authority (NEDA) has expressed optimism on reports that a group of European investors are eyeing to revive the National Steel Corporation (NSC) plant in Iligan City. NEDA 10 director Mylah Faye Cariño said that this development will cause the See NEDA, page 23