The Government Service Insurance System (GSIS), the Development Bank of the Philippines (DBP), and Philippine Business Bank (PBB) granted SteelAsia Manufacturing Corporation last Monday an P8.3-billion loan to complete its P18-billion steel section mill in Lemery, Batangas.

Present during the signing ceremonies were: Asec Marvin Jason N. Bayang representing Secretary Frederick Go of the Office of the Special Assistant to the President for Investment and Economic Affairs, PBB President and CEO Rolando R. Avante, SteelAsia Chairman and CEO Benjamin O. Yao, GSIS President and General Manager Jose Arnulfo “Wick” A. Veloso, DBP President and CEO Michael O. De Jesus, SteelAsia Director Rene J. Buenaventura