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SteelAsia Manufacturing Corp. secures an P8.3-billion loan to complete its P18-biliion steel section mill in Lemery, Batangas. The plant will be the Philippines’ first such mill and will be fully commissioned by 2025. Attending the loan signing ceremony are (from left) assistant secretary Marvin Jason Bayang, Philippine Business Bank president and CEO Rolando Avante, SteelAsia chairman and CEO Benjamin Yao, Government Service Insurance System president and general manager Jose Arnulfo Veloso, Development Bank of the Philippines president and CEO Michael De Jesus and SteelAsia director Rene Buenaventura.