{
    "success": true,
    "data": {
        "id": 1059209,
        "msgid": "manilas-new-steel-plant-1447893297",
        "date": "1996-08-15 00:00:00",
        "title": "Manila's new steel plant",
        "author": null,
        "source": "AFP",
        "tags": null,
        "topic": null,
        "summary": "Manila's new steel plant MANILA (AFP): Steel Asia Manufacturing Corp., a joint venture involving Singapore's National Steel Ltd. and two local partners, is to build rolling steel mills in the Philippines for 4.3 billion pesos (US$165 million), company officials said yesterday. National Steel managing director Ang Kong told reporters the facilities would be constructed in Manila and the nearby provinces of Batangas and Bulacan.",
        "content": "<p>Manila's new steel plant<\/p>\n<p>MANILA (AFP): Steel Asia Manufacturing Corp., a joint venture <br>\ninvolving Singapore's National Steel Ltd. and two local partners, <br>\nis to build rolling steel mills in the Philippines for 4.3 <br>\nbillion pesos (US$165 million), company officials said yesterday.<\/p>\n<p>National Steel managing director Ang Kong told reporters the <br>\nfacilities would be constructed in Manila and the nearby <br>\nprovinces of Batangas and Bulacan.<\/p>\n<p>The joint venture partners are Equitable Bank with 25 percent, <br>\nthe Yao family with 50 percent and National Steel Ltd. with 25 <br>\npercent.<\/p>\n<p>Steel Asia president Benjamin Yao said the company was <br>\ninvesting two billion pesos to build the plant in Manila and buy <br>\nmodern equipment for the facility, which has a programmed output <br>\nof 400,000 tons a year.<\/p>\n<p>It will be constructed on the former site of the Smokey <br>\nMountain garbage dump, which the government is transforming into <br>\nan industrial site and housing complex.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/manilas-new-steel-plant-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}