/raid1/www/Hosts/bankrupt/TCRAP_Public/040413.mbx         T R O U B L E D   C O M P A N Y   R E P O R T E R

                     A S I A   P A C I F I C

            Tuesday, April 13, 2004, Vol. 7, No. 72

                            Headlines

A U S T R A L I A

LOY YANG: GEAC and AGL Complete Acquisition


C H I N A  &  H O N G  K O N G

GLOBAL LINK: Faces Winding up Petition
HK CONSTRUCTION: Debt Restructuring Plan Approved
JILIN CHEMICAL: Answers HKSE Query
LEE SUN: Creditors Meeting Set April 15
MID-CONTINENT: Issues Notice to Creditors to Prove Debts

PULSE TELECOM: Winding up Hearing Set June 2
SOTA INTERNATIONAL: Schedules Winding up Hearing
WORLDNEED COMPUTER: Date for Hearing of Petition Set


I N D O N E S I A

BANK DANAMON: To Buy 75% Stake in Adira Dinamika
BANK NIAGA: Sets Aside 13% Of '03 Net Profit For Cash Dividends


J A P A N

HATTORI KENSETSU: Civil Engineering Firm Files for Bankruptcy
MITSUBISHI MOTORS: Recalls 4-Wheel Drive Vehicles
NIPPON TYPE: Equipment Wholesale Trader Enters Bankruptcy
SEIYU LIMITED: Opens Wal-Mart Style Supermarket
SHIMIZU KOGYOSHO: General Plumbing Firm Goes Bankrupt

TOICHI KOSAN: Golf Course Development Firm Enters Bankruptcy
TOSHIBA CORPORATION: Unveils Basic Strategies to End-2006
TOSHIBA CORPORATION: Plans to Double Operating Profit in 3 Years
TOSHIBA CORPORATION: Aims to Turn PC Division Profitable
TOSHIBA CORPORATION: Shares Up After PC Profit Pledge

UBE INDUSTRIES: R&I Assigns BB+ Rating


K O R E A

DAEWOO HEAVY: Resumes Talks About KAI Stake Sale
DONGBU ANAM: Creditors to Extend US$1.048B in Loans


M A L A Y S I A

ACTACORP HOLDINGS: Issues Restructuring Scheme Updates
ANTAH HOLDINGS: Kaseh Unit Terminates Brem Maju Services
ANTAH HOLDINGS: Kaseh Unit Gets Highway Contract
BERJAYA GROUP: Issues Notice of Extraordinary General Meeting
BERJAYA GROUP: Updates Proposed Disposals

BERJAYA LAND: Exemption From Mandatory Offer Approved
BERJAYA SPORTS: Receives Partial Payment From Berjaya Land
CSM CORPORATION: Enters Into A Settlement Agreement
GENERAL SOIL: Practice Note No. 4/2001 Status Update
GENERAL SOIL: Announces Director's Resignation

HAP SENG: Buys Back Ordinary Shares
HOTLINE FURNITURE: Issues a Notice of Book Closure
HOTLINE FURNITURE: Issues Notice of Entitlements
I-BERHAD: Restructures Home Appliances Business
KIC OIL: Returning To Profitability

KIC OIL: To Be Acquired By PDZ Holdings Bhd
MALAYSIA AIRLINES: Thinking Over Regional Low-Cost Service
PAN PACIFIC: Registrar Issues Summary Judgment
POLY GLASS: New Zealand Unit Voluntarily Winding Up
PROTON: GEN.2 Rolls Onto The Highways

PROTON: CEO Thwarts Ouster Attempt
PROTON: CEO Says Its Business As Usual
RHB CAPITAL: Issues Interim Dividend
TANJONG PUBLIC: Details Listing and Quotation Of New Shares
YCS CORPORATION: Reprimanded And Fined


P H I L I P P I N E S

PHILIPPINE AIRLINES: Plans To Resume Flights to India and Europe


S I N G A P O R E

GEOK TEE: Court Sets Petition Hearing Date
I.R.E. CORPORATION: Schedules AGM Meeting
PORCUPINE PTE: Creditors Meeting Set April 22
SINGASIA PTE: Releases Dividend Notice
SUBSEA CABLE: Creditors Must Submit Claims by May 10

TRADE VELOCITY: Issues Debt Claim Notice to Creditors
TWINWOOD ENGINEERING: AGM Set April 29


T H A I L A N D

BANGKOK BANK: Releases Resolutions of Shareholder's Meeting
MDX PUBLIC: Releases Capital Increase Report Form
PRASIT PATANA: Details Progress on Implementation of Rehab Plan
SAHAMITR PRESSURE: Posts Operating Result For the Past 6 Months
SINO THAI: Unveils Annual General Shareholder's Meeting

SINO THAI: Appoints New Member of Audit Committee
THAI DURABLE: Postpones Progress Report on Rehabilitation
TPI POLENE: Releases Operating Results of Q1 2004
TUNTEX: SET Details Suspension and Resumption of Trading

* BOND PRICING: For The Week of 12 April - 16 April 2004

     -  -  -  -  -  -  -  -

=================
A U S T R A L I A
=================


LOY YANG: GEAC and AGL Complete Acquisition
-------------------------------------------
The Great Energy Alliance Corporation (GEAC) shareholders, The
Australian Gas Light Company (AGL), the Tokyo Electric Power
Company (TEPCO) and a group of Commonwealth Bank-led investors,
completed on Thursday the $3.38 billion Acquisition of Loy Yang
A Power Station and mine.

"This is an important milestone for GEAC and AGL in what has
been a complex transaction over the last eighteen months," AGL
Managing Director Greg Martin said.

"AGL's investment in Loy Yang A, along with our consortium
partners TEPCO and Commonwealth Bank led investors, reflects the
continued execution of AGL's power generation strategy," Mr.
Martin added.

Successful completion of the sale has resulted in a total debt
restructure that places Loy Yang A in a much stronger financial
position.  Debt facilities of the business have been
restructured to reduce the debt exposure to around $3.0 billion,
which is non-recourse to GEAC shareholders.  The bullet
repayment of $500 million, previously due on April 8, 2004, has
been included in the restructured debt facilities.  GEAC will
make the next bullet repayment in 2008.

GEAC has raised A$621 million in fresh equity capital from its
shareholders resulting in an ownership stake of 32.5 percent for
both AGL and TEPCO, with the balance held by investors led by
the Commonwealth Bank, which include MTAA, Westscheme and Mitsui
and Co.

"The net result of this is that Loy Yang A has been placed on a
firmer footing and the uncertainty about the ownership of this
significant Victorian asset has been resolved," Commonwealth
Bank Group Executive, Institutional and Business Services,
Michael Ullmer said.

"The Bank's vision on Loy Yang A has allowed us to work with
AGL, and subsequently TEPCO, to create GEAC which has now
stabilized Loy Yang's long term future as a viable investment
proposition.  Our experience in the infrastructure sector in the
domestic market enabled a debt, mezzanine and equity deal that
optimized the outcome for the various stakeholders," Mr. Ullmer
added.

TEPCO Managing Director, Susumu Shirakawa welcomed the
finalization of the acquisition.

"This is the largest investment TEPCO has made in an overseas
power generation plant and our first venture in Victoria.  TEPCO
looks forward to developing these stronger ties in the Victorian
and Australian marketplace as we contemplate further energy
investments," Mr. Shirakawa said.

The GEAC shareholders, excluding AGL, have formed a separate
entity called Loy Yang Marketing Holdings Pty Ltd whose wholly
owned subsidiary, Loy Yang Marketing Management Pty Ltd., will
act as an agent of Loy Power to perform energy dispatch and
trading functions.  Consistent with Federal Court undertakings,
AGL will not have representation or economic interest in Loy
Yang Marketing Management or the Marketing Holding companies.

Under the new structure, Ian Nethercote will be the CEO of GEAC
and will have responsibility for the operation of the power
station and mine.  Ken Thompson has been appointed as the
General Manager of Loy Yang Marketing Management Pty Ltd.

Commonwealth Bank and JPMorgan acted as joint financial
advisors.

Further Enquiries:

AGL
Contact:  Jane Counsel, Media Relations Manager
Direct:   (02) 9921 2352
Mobile:   0416 275 273

Commonwealth Bank
Contact:  Dawn Willis, Adviser Media and Public Relations
          Group Corporate Relations
Direct:   (02) 9378 2662

GEAC:
Contact:  Vinay Kolhatkar, Chairman/Michelle Dorman
Direct:   (02) 9312 3382/ (02) 9312 0048
Mobile:   0414 998 641/ 0411 879 904
Contact:


==============================
C H I N A  &  H O N G  K O N G
==============================


GLOBAL LINK: Faces Winding up Petition
--------------------------------------
Notice is hereby given that a petition for the winding up of
Global Link Industrial Limited by the High Court of Hong Kong
was on the 25 February 2004 presented to the Court by Gautam
Shyam Bahadur of Room 1, 15/F., 42A, Luen Tak Building, Jordan
Road, Yaumatei, Kowloon, Hong Kong. The said petition is
scheduled to be before the Court at 9:30 a.m. on the 28 April
2004. Any creditor or contributory of the said company desirous
to support or oppose the making of an order on the said petition
may appear at the time of hearing by himself or his counsel for
that purpose; and a copy of the petition will be furnished to
any creditor or contributory of the said company requiring the
same by the undersigned on payment of the regulated charge for
the same.

Chau Ming Wai
For Director of Legal Aid
34th Floor, Hopewell Centre
183 Queen's Road East
Wanchai, Hong Kong

Note: Any person who intends to appear at the hearing of the
said petition must serve on or send by post to the above named,
notice in writing of his intention so to do.  The Notice must
state the name and address of the person, or if a firm or his or
their Solicitor (if any) and must be served or if posted, must
be sent by post in sufficient time to reach the above named not
later than six o'clock in the afternoon of the 27 April 2004.

The Standard announcement was dated 8 April 2004.


HK CONSTRUCTION: Debt Restructuring Plan Approved
-------------------------------------------------
Hong Kong Construction Holdings Limited won shareholders'
approval on its proposed transactions under the debt conversion
agreement and the Yangpu agreement, the whitewash waiver, the
amendments to the Articles, and the increase in authorized share
capital in a meeting held on Saturday, Infocast News reports.

Trading in the stock resumed on April 8, 2004.

The company announced earlier that the creditors have disposed
of the indebtedness owed by the company to Creator Holdings
Limited (the investor), which is owned by Eric Kang Oei. The
company will issue 1.341 billion shares at $1 each to the
investor, and will grant a call option to the investor to
subscribe for an aggregate of 380 million bonus shares, as well
as transferring a 84.62 percent interest in Hainan Yangpu
Development Company (HK) Limited (Yangpu Development) at a
consideration of $300 million, to offset the $1.641 billion
indebtedness.


JILIN CHEMICAL: Answers HKSE Query
----------------------------------
Jilin Chemical Industrial Company Limited issued a statement
regarding the increase in the trading volume of the shares of
the Company at the request of The Stock Exchange of Hong Kong
Limited (HKSE).

In a disclosure to the Stock Exchange of Hong Kong Limited,
Jilin Chemical Industrial Company Limited has noted the recent
increases in the trading volume of the shares of the Company and
wishes to state that it is not aware of any reasons for such
increase.

The Company also confirmed that there are no negotiations or
agreements relating to intended acquisitions or realizations
which are discloseable under rule 13.23, neither is the Board
aware of any matter discloseable under the general obligation
imposed by rule 13.09, which is or may be of a price-sensitive
nature.

By order of the Board
Zhang Liyan
Company Secretary
Jilin, the People's Republic of China
April 8, 2004


LEE SUN: Creditors Meeting Set April 15
---------------------------------------
Notice is hereby given that the General Meeting of creditors of
Lee Sun Choi will be held at the Official Receiver's Office,
10th Floor, Queensway Government Offices, 66 Queensway, Hong
Kong on 15 April 2004 (Thursday) at 10 o'clock in the morning.

LEE Mei-Yee May
Acting Official Receiver

The Standard announcement was dated 8 April 2004.


MID-CONTINENT: Issues Notice to Creditors to Prove Debts
--------------------------------------------------------
Notice is hereby given that the creditors of Mid-Continent
Tubular Limited, whose debts or claims have not already been
admitted, are required on or before 22 April 2004 to prove by
affidavit their debts or claims by sending in their names,
addresses and descriptions and full particulars of their debts
or claims, and the names and addresses of their Solicitors (if
any) to the undersigned Liquidators of the said Company.

In default of complying with this Notice, such creditors will be
excluded from the benefit of any distribution made before such
debts or claims are proved and/or from objecting to any
distribution made before such priorities are established.

Natalia Seng
Susan LO
Joint and Several Liquidator
28/F, BEA Harbour View Centre
56 Gloucester Road
Wanchai, Hong Kong

The Quamnet Gazette announcement is dated 7 April 2004.


PULSE TELECOM: Winding up Hearing Set June 2
--------------------------------------------
Notice is hereby given that a petition for the winding up of
Pulse Telecom (Asia) Limited by the High Court of Hong Kong was
on the 24 March 2004 presented to the said Court by So Kwan Lap
of Flat A2, 16/F., Block A, Shung Ling Building, Shung Ling
Street, San Po Kong, Kowloon, Hong Kong. The said petition will
be heard before the Court at 10 a.m. on the 2 June 2004. Any
creditor or contributory of the said company desirous to support
or oppose the making of an order on the said petition may appear
at the time of hearing by himself or his counsel for that
purpose; and a copy of the petition will be furnished to any
creditor or contributory of the said company requiring the same
by the undersigned on payment of the regulated charge for the
same.

Ms. Ada Chau Ming Wai
For Director of Legal Aid
34th Floor, Hopewell Centre
183 Queen's Road East
Wanchai Hong Kong

Note: Any person who intends to appear at the hearing of the
said petition must serve on or send by post to the above named,
notice in writing of his intention so to do.  The Notice must
state the name and address of the person, or if a firm or his or
their Solicitor (if any) and must be served or if posted, must
be sent by post in sufficient time to reach the above named not
later than six o'clock in the afternoon of the 1 June 2004.

The Standard announcement was dated 8 April 2004.


SOTA INTERNATIONAL: Schedules Winding up Hearing
------------------------------------------------
Notice is hereby given that a petition for the winding up of
Sota International Limited by the High Court of Hong Kong was on
12 March 2004 presented to the said Court by Chu Wai Ming of
Flat 18, 5/F., Fook Lam House, Kwong Lam Court, Shatin, New
Territories, Hong Kong. The said petition will be heard before
the Court at 9:30 a.m. on the 12 May 2004. Any creditor or
contributory of the said company desirous to support or oppose
the making of an order on the said petition may appear at the
time of hearing by himself or his counsel for that purpose; and
a copy of the petition will be furnished to any creditor or
contributory of the said company requiring the same by the
undersigned on payment of the regulated charge for the same.

Ms. Ada Chau Ming Wai
For Director of Legal Aid
34th Floor, Hopewell Centre
183 Queen's Road East, Wanchai
Hong Kong

Note: Any person who intends to appear at the hearing of the
said petition must serve on or send by post to the above named,
notice in writing of his intention so to do.  The Notice must
state the name and address of the person, or if a firm or his or
their Solicitor (if any) and must be served or if posted, must
be sent by post in sufficient time to reach the above named not
later than six o'clock in the afternoon of the 11 May 2004.


WORLDNEED COMPUTER: Petition Hearing Date Set
---------------------------------------------
Notice is hereby given that a petition for the winding up of
Worldneed Computer Consultants Limited by the High Court of Hong
Kong was on the 10 March 2004 presented to the said Court by
Chan Foo Shing Alex of Room 11, 31/F., Oi Tao House, Tin Oi
Court, Tin Shui Wai, New Territories, Hong Kong. The said
Petition is directed to be heard before the Court at 9:30 a.m.
on the 5 May 2004 and any creditor or contributory of the said
company desirous to support or oppose the making of an order on
the said petition may appear at the time of hearing by himself
or his counsel for that purpose; and a copy of the petition will
be furnished to any creditor or contributory of the said company
requiring the same by the undersigned on payment of the
regulated charge for the same.

Ms. Ada Chau Ming Wai
For Director of Legal Aid
34th Floor, Hopewell Centre
183 Queen's Road East, Wanchai
Hong Kong

Note: Any person who intends to appear at the hearing of the
said petition must serve on or send by post to the above named,
notice in writing of his intention so to do.  The Notice must
state the name and address of the person, or if a firm or his or
their Solicitor (if any) and must be served or if posted, must
be sent by post in sufficient time to reach the above named not
later than six o'clock in the afternoon of the 4 May 2004.


=================
I N D O N E S I A
=================


BANK DANAMON: To Buy 75% Stake in Adira Dinamika
------------------------------------------------
PT Bank Danamon said on Monday that it has closed an 850 billion
rupiah ($98.8 million) deal to buy 75 percent of automotive
financing firm PT Adira Dinamika Multi Finance Tbk., as part of
the bank's efforts to strengthen its grip on the country's
growing consumer financing sector, according to Reuters.

"The closing was on Thursday," said Tya Adhitama Daud, one of
the bank's executive vice-presidents. She said the total value
of the deal was 850 billion rupiah.

The deal was agreed before Adira's owners listed the company on
March 31. Danamon's acquisition was struck at a discount of 48
percent to Adira's market price of 2,175 rupiah on Thursday.
Shares in Adira, which provides credit to vehicle buyers and
specializes in motorcycle lending, were down 50 rupiah at 2,125
on Monday.


BANK NIAGA: Sets Aside 13% Of '03 Net Profit For Cash Dividends
---------------------------------------------------------------
PT Bank Niaga is set to pay cash dividends, a company senior
official said. The funds will be derived from 13 percent of the
bank's 2003 net profit, Dow Jones reports. In 2003, the bank
reported a net profit of IDR467.25 billion, compared with
IDR141.12 billion a year earlier.

The bank's shareholders have approved the planned usage of 58.68
billion rupiah ($1=IDR8,588) for a payment of IDR0.75 cash
dividend per share, Bank Niaga President Director Peter Stok
said.  The date of the distribution of the cash dividends has
not been disclosed yet.

Mr. Stok said in efforts to improve its lending performance, the
bank plans to issue rights shares to raise IDR1 trillion in the
third quarter of the year. The bank expects a 30 percent growth
in lending this year, and projects a 30 percent increase in net
profit.  The bank's total outstanding loans stood at IDR14
trillion.


=========
J A P A N
=========


HATTORI KENSETSU: Civil Engineering Firm Files for Bankruptcy
-------------------------------------------------------------
Hattori Kensetsu K.K. has filed for bankruptcy, according to
Teikoku Databank America. The general civil engineering and
construction firm, which is located at Toyonaka-shi, Osaka
Japan, has total liabilities of US$31.67 million.


MITSUBISHI MOTORS: Recalls 4-Wheel Drive Vehicles
-------------------------------------------------
Mitsubishi Motors Corporation (MMC) will recall five kinds of
four-wheel drive vehicles due to fears that their wheels may
fall off in the latest recall of Mitsubishi-brand vehicles over
wheel defects, according to Kyodo News.

Meanwhile, AFX Asia reported that the carmaker is set to recall
81,531 small passenger cars Toppo BJ, Minica, eK-Sport, eK-Wagon
and eK-Classy, built between September 2001 and February 2004.

The automaker plans to announce on April 30 a massive
restructuring plan under the wing of its top shareholder
DaimlerChrysler, which owns 36.97 percent of the automaker.


NIPPON TYPE: Equipment Wholesale Trader Enters Bankruptcy
---------------------------------------------------------
Nippon Type Industrial Co. Ltd. has filed for bankruptcy,
according to Teikoku Databank America. The specialized industry
machinery and equipment wholesaler, which is located at Osaka-
shi, Osaka Japan, has total liabilities of US$41.67 million.


SEIYU LIMITED: Opens Wal-Mart Style Supermarket
-----------------------------------------------
Embattled supermarket operator Seiyu Ltd., one-third owned by
Wal-Mart Stores Inc., introduced inventory and procurement
systems borrowed from the U.S. company at a new store expected
to see annual sales of 5 billion yen ($47 million), reports
Bloomberg News.

The store in Numazu, Shizuoka prefecture, west of Tokyo, is
modeled on similar single-story outlets operated by Wal-Mart in
other countries. The 8,000 square-meter outlets opened with a
staff of 172, including 154 part-timers.

In its consolidated balance sheet for its business year that
ended in December 2003, Seiyu recorded a whopping net loss after
tax of 7 billion yen, according to Yomiuri Shimbun.

The company is currently undergoing restructuring and is busy
shedding staff. In March 1,600 employees took voluntary
retirement.


SHIMIZU KOGYOSHO: General Plumbing Firm Goes Bankrupt
-----------------------------------------------------
Shimizu Kogyosho K.K. has entered bankruptcy, according to
Teikoku Databank America. The general plumbing firm, which is
located at Osaka-shi, Osaka Japan, has total liabilities of
US$48.33 million.


TOICHI KOSAN: Golf Course Development Firm Enters Bankruptcy
------------------------------------------------------------
Teikoku Databank America announced that Toichi Kosan K.K. has
filed for bankruptcy. The gold course development firm, which is
located at Toshima-ku, Tokyo Japan, has total liabilities of
US$44.80 million.


TOSHIBA CORPORATION: Unveils Basic Strategies to End-2006
---------------------------------------------------------
Toshiba Corporation, in a press release, announced its key
corporate goals for the period to the end of fiscal year 2006
and a set of major initiatives that the Company will implement
in support of the basic strategic direction defined in its March
2003 mid-term business plan.

Key Elements

In its mid-term business plan for the period FY2003-2005, which
the Company announced in March 2003, Toshiba defined three major
business domains: Digital Products, Electronic Devices and
Social Infrastructure. The Company's latest measures build on
this delineation, and aim to establish digital products
strategies for the ubiquitous network society.

1) In Digital Products businesses, Toshiba will promote
proactive collaboration with Electronic Devices operations, with
the goal of reinforcing its visual products business and
establishing it as a major source of profits by 2006 alongside
the PC business. Toshiba intends to attain this goal by taking
full advantage of its core technologies in visual and imaging
products, data storage and electronic devices.

2) In Electronic Devices businesses, the Company will continue
to devote substantial management resources to further sharpening
its competitiveness, and enhance collaboration with Digital
Products operations.

3) In Social Infrastructure businesses, the Company will
actively seek business opportunities in China, Southeast Asia
and new business areas, and in Europe and North America will
expand the scale of rehabilitation businesses to enhance the
efficiency of power plants.

4) The Company has identified a total of 93 strategic
technologies and products that will drive future profits, and
defined a strategic product map that will support the timely
introduction of successive products.

Goals in fiscal year 2006

Consolidated sales: 6,200 billion yen
Operating income: 280 billion yen
Debt/equity ratio: 100% at the end of March 2007.
Capital expenditure: 1 trillion yen over three years largely on
Digital Products and Electronic Devices fields.
R&D expenditure: 1.1 trillion yen over three years. A major
emphasis will be placed on collaboration between Digital
Products and Electronic Devices fields.
Overseas sales ratio: 50% of total sales. Expansion of business
in China will be a driving force.


TOSHIBA CORPORATION: Plans to Double Operating Profit in 3 Years
----------------------------------------------------------------
Toshiba Corporation aims to post an operating profit of 280
billion yen ($2.63 billion) in the year through March 2007,
double its projection for 140 billion yen in the year ended on
March 31, according to Reuters.

Announcing a three-year business plan, the electronics
conglomerate says it plans capital expenditure of one trillion
yen and research and development spending of 1.1 trillion yen
over the next three years to March 2007.


TOSHIBA CORPORATION: Aims to Turn PC Division Profitable
--------------------------------------------------------
Toshiba Corporation intends to turn its struggling personal
computer (PC) division profitable in the current business year
that started this month, according to Reuters.

Hit by aggressive pricing by Hewlett-Packard Co and Dell Inc.,
Toshiba cut the earnings outlook for its PC and PC peripherals
division three times in the business year that ended in March.

Toshiba's latest forecast for the division estimated an
operating loss of 26.5 billion yen ($249 million) in the
2003/04-business year.


TOSHIBA CORPORATION: Shares Up After PC Profit Pledge
-----------------------------------------------------
Shares of Toshiba Corporation increased Sunday after President
Tadashi Okamura pledged to restore the company's computer
business to profit, reports Bloomberg News. Toshiba gained as
much as 3.1 percent and recently changed hands at 499 yen, or
2.9 percent higher, as of 9:40 a.m. in Tokyo on Sunday, bringing
its gain to 23 percent this year.

Toshiba said at its analyst meeting on Friday that its annual
loss at its personal computer business in the year ended March
31, will be less than it had expected, prompting Nomura, Japan's
largest brokerage, to raise the company's shares to "neutral"
from "reduce" in a note to clients dated today.

A "neutral'' rating indicates the stock will perform in line
with the Topix index in the next six months, he said.


UBE INDUSTRIES: R&I Assigns BB+ Rating
--------------------------------------
Rating & Investment Information, Inc. (R&I) assigned a long-term
debt rating of BBB+ to Ube Industries, Ltd. issued under the
shelf registration scheme.

ISSUE:

Bonds to be Rated: Corporate Bonds
Issue Amount: Yen 25,000 million (Shelf Amount)
Issue Period: Two years from April 07, 2004

RATIONALE:

Ube Industries, Ltd., is one of Japan's major diversified
chemicals firms. Based on the chemicals and plastics division,
which manufactures caprolactam (a raw material for nylon fibers
and plastics), the company also operates businesses that include
a cement and construction materials division, a machinery and
metal products division, and an energy and environment division.
In recent years, the company has been enhancing its earnings
base by expanding high value added products such as polyimide,
pharmaceuticals, battery materials, and pharmaceutical
intermediates. The Company's earning potential and capacity to
generate cash flow lacks stability because it is centered on
commodity products, such as caprolactam and cement that is
dependent on market conditions.

The company is significantly affected by the implementation of
fixed asset impairment write offs in the year ended March 2004,
and is expected to incur net loss of 16 billion yen. Impairment
write offs will not have a major impact on cash flow from next
year. However, while the company's financial composition has
deteriorated with this year's write offs, which exceeded R&I
expectations, there is still uncertainty about earnings trends
in chemicals and other divisions, putting downward pressure on
the company's credibility. Ube Industries is currently
formulating a medium term plan commencing in April 2004, and it
intends to list an expansion in cash flow and further
improvement in financial structure as management issues. R&I
consider that it will be necessary to give adequate
consideration to the specific content, and the likelihood and
speed of the plan materializing. As there is a high level of
debt with seniority over the bonds, R&I has assigned a BB+
rating to the bonds scheduled to be issued based on the current
issue limit.

This is one notch lower than the company's Senior Long-term
Credit Rating, considering the expected recovery.


=========
K O R E A
=========

DAEWOO HEAVY: Resumes Talks About KAI Stake Sale
------------------------------------------------
Daewoo Heavy Industries and Machinery will resume talks with
Korean Air this month on the sale of its 28.1-percent stake in
Korea Aerospace Industries (KAI), Yonhap News reports, citing
Yang Jae-shin, President of Daewoo Heavy.

Yang Jae-shin said the company and Korean Air will reopen
negotiations on the latter's takeover of the former's KAI stake,
following the parliamentary polls slated for April 15.


DONGBU ANAM: Creditors to Extend US$1.048B in Loans
---------------------------------------------------
Korea Development Bank and 14 other creditors have agreed to
extend 1.2 trillion won (US$1.048 billion) in syndicated loans
to Dongbu Anam Semiconductor, Asia Times reported on Saturday.
Dongbu Anam will use the loans to repay existing borrowings and
invest in its production facilities.

KDB will contribute 590 billion won, followed by Korea Export-
Import Bank with 180 billion, Chohung Bank with 124 billion and
Hana Bank with 40 billion.

Part of the loan has a three-year maturity with an interest of 6
percent; another has a five-year maturity with an interest of 7-
8 percent, and another with a six and a half-year maturity with
an interest of 4 percent.

Dongbu Anam Semiconductor is a tentative entity formed by the
merger of Dongbu Electronics and Anam Semiconductor in 2002.


===============
M A L A Y S I A
===============


ACTACORP HOLDINGS: Issues Restructuring Scheme Updates
------------------------------------------------------
Actacorp Holdings Berhad announced updates to the company's
revised proposed restructuring scheme with regard to the
following points:

(I) Proposed Acquisition Of The Entire Issued And Paid-up
Share Capital Of PJS Development Sdn Bhd (PJSD) Comprising
5,000,000 Ordinary Shares Of RM1.00 Each From Kumpulan Jetson
Berhad (KJB) And PJS Industries Sdn Bhd (PJSI) For A Total
Purchase Consideration Of RM11,000,000 To Be Wholly Satisfied By
The Issuance Of 22,000,000 New Ordinary Shares Of RM0.50 Each in
NewCo (NewCo Shares) At An Issue Price Of RM0.50 Per Share And
The Proposed Settlement Of The Inter-Company Indebtedness Owing
By PJSD To KJB Amounting To RM26,000,000 By Way Of The Issuance
Of 52,000,000 new NewCo Shares At An Issue Price Of RM0.50 Per
Share;

(II) Proposed Issuance Of 943,015 New Warrants in NewCo (New
Warrants) To The Entitled Holders of the Warrants 1994/2004 in
AHB (AHB Warrants) As At 5.00 P.M. On The Date Of Expiry Of The
AHB Warrants On 31 March 2004 Free Of Charge In Substitution Of
The Proposed Warrants Exchange (As Defined In The Announcement
Dated 27 December 2002) Which Will Not Be Implemented Pursuant
To The Expiry Of The AHB Warrants On 31 March 2004;

(III) Proposed Revision To The Maximum Number Of NewCo Shares
Arising From The Proposed Shares Exchange (As Defined In The
Announcement Dated 27 December 2002) Consequent To The Expiry Of
The AHB Warrants Which Would Otherwise Be Exercisable Into New
AHB Shares On Or Prior To The Entitlement Date of the Proposed
Shares Exchange;

(IV) Proposed Revision To The Maximum Number Of NewCo Shares
Arising From The Proposed Rights Issue (As Defined In The
Announcement Dated 27 December 2002) Consequent To The Expiry Of
The AHB Warrants Which Would Otherwise Be Exercisable Into New
AHB Shares On Or Prior To The Entitlement Date of the Proposed
Shares Exchange;

(V) Proposed Revision To The Method Of Satisfaction Of The
Total Consideration Under The Proposed Acquisition Of PSC Asset
Holdings Sdn Bhd (PSCA) Via The Issuance Of 140,000,000 New
NewCo Shares At An Issue Price Of RM0.50 Each To PSC Industries
Berhad (PSCI) and/Or Person(s) Nominated By PSCI In
Consideration For Certain Obligations Of PSCI; And

(VI) Proposed Exemption To Business Focus Sdn Bhd (BFSB),
Business Focus Capital Sdn Bhd (BFCSB), Tan Sri Dato' Amin Shah
bin Haji Omar Shah (TSDAS), PSCI And Penang Shipbuilding &
Construction Sdn Bhd (PSCSB) From The Obligation To Undertake
The Mandatory Take-Over Offer For The Remaining NewCo Shares Not
Already Owned By Them After The Completion Of The Revised
Proposed Shares Exchange, Revised Proposed Rights Issue,
Proposed Special Issue and Revised Proposed Acquisition of PSCA,
Proposed Acquisition and Tenancy As Well As Future Exercise Of
The New Warrants Held By Them.

Full details of the company release may be viewed at the
following link:

http://bankrupt.com/misc/ActacorpRelease13April2004.doc

The financial effects of the revised proposed restructuring
scheme may be viewed on the following link:

http://bankrupt.com/misc/Actacorpfinancialeffects.xls


ANTAH HOLDINGS: Kaseh Unit Terminates Brem Maju Services
--------------------------------------------------------
The Board of Directors of Antah Holdings Berhad wishes to
announce that Kaseh Lebuhraya Sdn. Bhd., a wholly-owned
subsidiary of Antah on 8 April, 2004 terminated the services of
Brem Maju Sdn. Bhd. of 3rd Floor, Brem House, Crystal Crown
Hotel, No. 12, Lorong Utara A, Off Jalan Utara, 46200 Petaling
Jaya, Selangor Darul Ehsan for the construction of the Lebuhraya
Kajang-Seremban.

This Kuala Lumpur Stock Exchange announcement is dated 9 April
2004.


ANTAH HOLDINGS: Kaseh Unit Gets Highway Contract
------------------------------------------------
The Board of Directors of Antah Holdings Berhad (Antah) is
pleased to announce that Kaseh Lebuhraya Sdn. Bhd. (Kaseh), a
wholly-owned subsidiary of Antah had on 8 April, 2004, accepted
the proposal from IJM Construction Sdn. Bhd. (IJM) of Wisma IJM,
Jalan Yong Shook Lin, 46050 Petaling Jaya, Selangor Darul Ehsan
for a design and build contract for the remaining construction
works of the dual three-lane highway between Kajang and Seremban
for a Fixed Lump Sum of RM693,000,000.

The expected completion period for the entire works is 33 months
from the commencement date. The date of commencement of the
aforesaid works shall be mutually agreed and the completion
period is subject to Kaseh's ability to achieve financial
closure within 6 months from the date of acceptance.

None of the directors or substantial shareholders or persons
connected to such directors or substantial shareholders have any
direct or indirect interests in the aforesaid project.

This Kuala Lumpur Stock Exchange announcement is dated 9 April
2004.


BERJAYA GROUP: Issues Notice of Extraordinary General Meeting
-------------------------------------------------------------
Notice is hereby given that an Extraordinary General Meeting of
Berjaya Group Berhad will be held at Dewan Berjaya, Bukit Kiara
Equestrian and Country Resort, Jalan Bukit Kiara, Off Jalan
Damansara, 60000 Kuala Lumpur on Tuesday, 27 April 2004 at 11
a.m. to consider and if thought fit, to pass the following
ordinary resolution:

Ordinary Resolution

The proposed subscription by Intan Utilities Berhad of 99,998
new ordinary shares of Rm1.00 each representing approximately
the entire enlarged share capital of Premier Merchandise Sdn Bhd
(PMSB) of RM100,000 and a proposed subscription of 90,000,000
redeemable preference shares of RM0.010 each in PMSB for a cash
consideration of RM99,998 and RM90,000,000 respectively
(Proposes Subscriptions).

"That subject to the approvals being obtained from the relevant
authorities, the Company hereby approves the proposed
subscription by Intan Utilities Berhad of 99,998 new ordinary
shares of RM1.00 each in PMSB at par value (New Ordinary Shares)
representing approximately the entire enlarged share capital of
PMSB of RM100,000 and a further proposed subscription of
90,000,000 redeemable preference shares of RM0.01 each in PMSB
at RM1.00 per share (Redeemable Preference Shares) upon such
terms and conditions as set out in the Circular dated 12 April
2004 and that the Directors of BGroup be and are hereby
authorised to cause PMSB to issue and allot the New Ordinary
Shares and Redeemable Preference Shares pursuant to and in
accordance with the terms of the Proposed Subscriptions and
further that the Directors of BGroup, be authorised to give
effect to the above with full powers to assent to any
modification, variation and/or amendment to the Proposed
Subscriptions and the arrangement set out in the Circular dated
12 April 2004 as required/permitted by the authorities, to take
steps and to enter into all such agreements, arrangements,
undertakings, indemnities, transfers, assignments, deeds and/or
guarantees with any party or parties and to carry out any other
matters as may be required to implement, finalise and give full
effect to the Proposed Subscriptions and the arrangements set
out in the Circular dated 12 April 2004."

BY ORDER OF THE BOARD

SU SWEE HONG
Company Secretary

Kuala Lumpur
12 April 2004

Notes:

(i) A member entitled to attend and vote at a meeting of the
Company is entitled to appoint one (1) or two (2) proxies to
attend and vote in his stead.  A proxy may but need not be a
member of the Company.  Where a member appoints two (2) proxies
to attend the Meeting, the member shall specify the proportion
of his shareholdings to be represented by each proxy.

(ii) A member of the Company who is an authorised nominee as
defined under the Securities Industry (Central Depositories) Act
1991 may appoint one (1) proxy in respect of each securities
account.

(iii) The instrument appointing a proxy, shall be in writing
under the hand of the appointer or his attorney duly authorised
in writing, or if such appointer is a corporation, under its
common seal, if any, and, if none, then under the hand of an
officer or attorney duly authorised in that behalf.

(iv) The instrument appointing a proxy must be deposited at the
Company's Registered Office, 11th Floor, Menara Berjaya, KL
Plaza, 179 Jalan Bukit Bintang, 55100 Kuala Lumpur not less than
forty-eight (48) hours before the time appointed for holding the
meeting or at any adjournment thereof.


BERJAYA GROUP: Updates Proposed Disposals Details
-------------------------------------------------
Berjaya Group Berhad (B-Group) would like to refer to the
announcement dated 2 April 2004 in relation to the following:

1. Proposed Disposal of Shares and Warrants in Hyunadi-Berjaya
Corporation Berhad (HBCORP) by B-Group and its subsidiaries' (B-
Group Group) (Proposed HBCORP Disposal);

2. Proposed Disposal of Shares in Hyumal Motor Sdn Bhd (Hyumal)
(Proposed hyumal Disposal); and

3. Proposed Disposal of Shares in Inokom Corporation sdn Bhd
(Inokom) (Proposed Inokom Disposal).

On behalf of the Board of Directors of B-Group, Commerce
International Merchant Bankers Berhad, wishes to announce that
as the terms of the sale and purchase agreements in relation to
the Proposed Disposals (Agreements) are in the midst of being
finalised, the Agreements will be executed as soon as the terms
are finalised. An announcement will be made upon execution of
the Agreements.

This Kuala Lumpur Stock Exchange announcement is dated 9 April
2004.


BERJAYA LAND: Exemption From Mandatory Offer Approved
-----------------------------------------------------
Berjaya Land Berhad (B-Land) would like to refer to the
announcements dated 21 November 2003 and 16 December 2003 in
relation to the Proposed 2.9.10 Exemption: proposed exemption to
B-Land and parties deemed acting in concert with it under the
Malaysian code on takeovers and mergers, 1998 (Code)(PAC) from
the obligation, if any, to undertake a mandatory offer for all
the remaining ordinary shares of RM1.00 each in Berjaya Sports
Toto Berhad (B-Toto) (B-Toto Shares) and the 8 percent
irredeemable  convertible unsecured loan stocks 2002/2012 of B-
Toto (B-Toto ICULS) not already owned by them upon the further
purchase of B-Toto shares, if any, by B-Toto pursuant to its
shares buy-back scheme under Practice Note 2.9.10 of the Code.

On behalf of the Board of Directors (Board) of B-Land, Commerce
International Merchant Bankers Berhad wishes to announce that
the Securities Commission (SC) has via its letter dated 7 April
2004 approved the appeal by B-Land and PAC to allow an
application for an exemption under Practice Note 2.9.10 of the
Code to be re-submitted to the SC, six (6) months from the date
of the last purchase of B-Toto Shares by B-Land and the PAC
instead of the one (1) year period as stated in the letter from
the SC dated 19 November 2003 subject to the condition that B-
Land and PAC do not acquire any B-Toto Shares until the
completion of the implementation of the share buy-back scheme of
B-Toto.

This Kuala Lumpur Stock Exchange announcement is dated 8 April
2004.


BERJAYA SPORTS: Receives Partial Payment From Berjaya Land
----------------------------------------------------------
On behalf of the Board of Directors of Berjaya Sports Toto
Berhad (B-Toto), Commerce International Merchant Bankers Berhad
(CIMB) is pleased to announce that B-Toto has received RM100.00
million cash from B-Land as partial settlement of the inter-
company advances owing by B-Land Group to B-Toto (Inter-Company
Advances).

In accordance with the terms of the written undertaking given by
B-Land to B-Toto dated 23 January 2002 in respect of the Inter-
Company Advances (Undertaking Letter), the said partial
settlement of the Inter-Company Advances of RM100.00 million
will allow B-Land Group to utilize or deal with, at its absolute
discretion, RM50.00 million nominal value B-Toto ICULS.

B-Land has on 9 April 2004, converted the RM50.00 million B-Toto
ICULS into new B-Toto Shares and paid B-Toto RM10.00 million for
the conversion premium of RM0.20 for each B-Toto ICULS
converted.

This Kuala Lumpur Stock exchange announcement is dated 9 April
2004.


CSM CORPORATION: Enters Into A Settlement Agreement
---------------------------------------------------
The Board of Directors of CSM Corporation Berhad wishes to
announce the following:

On 8 April 2004, the Company has entered into a settlement
agreement (Settlement Agreement) with its wholly-owned
subsidiary, CSM Trading Sdn Bhd (Company No. 65506-V) (CSMT) and
MP Factors Sdn Bhd (Company No. 342341-H) (MP) to restructure
and partly settle the factoring facilities of up to
RM5,000,000.00 (Facilities) granted by MP to CSMT via a
factoring agreement dated 12 May 1999 and secured by a legal
charge over all those properties held under HS(D) 18163, Lot No.
P.T. 56681 and HS(D) 18164 Lot No. P.T. 56682 both in the Town
and District of Kuantan, State of Pahang Darul Makmur
(hereinafter collectively referred to as the Charged Properties)
and a Corporate Guarantee dated 12 May 1999 granted by CSM.

The salient terms of the Settlement Agreement are as follows:

1. Subject to CSMT and/or CSM obtaining all consents, approvals
and/or waivers as may be required of any third party or any
governmental or regulatory body or component or authority having
jurisdiction over the transfer of the Charged Properties, CSM
will transfer the Charged Properties to MP for an agreed sum of
RM2,300,000.00 (the Transfer Price). CSMT and CSM shall fix a
date within thirty (30) days from the date of the last consent,
approval and/or waiver is obtained or received for CSM to
deliver all relevant documents for the transfer of the Charged
Properties to MP or its nominee (the Settlement Date).

2. On Settlement Date and provided that nothing shall prohibit
the transfer of the Charged Properties to MP, the Transfer Price
shall be applied to set-off against part of the principal sum of
the Facilities forming part of any and all borrowing or other
indebtedness or liability (including without limitation in
respect of principal, interest, costs, charges or expenses) of
CSMT to MP, whether present, future, actual or contingent,
secured, unsecured, joint, several, as principal or surety or
otherwise howsoever incurred and shall not be applied to set-off
the interest charges (including penalty charges thereof), costs,
charges or such other expenses under the contractual
arrangements regulating the Facilities entered into prior to the
date of the Settlement Agreement.

3. If the Settlement Date does not take place within six (6)
months from the date of the Settlement Agreement or such later
date as the Parties may agree in writing, the Settlement
Agreement shall ipso facto cease and determine and all
obligations and liabilities of the Parties thereunder shall
cease to have effect and (save for antecedent breaches) none of
the Parties shall have any claim against the other for costs,
damages, compensation or otherwise.

This Kuala Lumpur Stock Exchange announcement is dated 9 April
2004.


GENERAL SOIL: Practice Note No. 4/2001 Status Update
----------------------------------------------------
Further to the announcement dated 1 March 2004, the Board of
Directors of General Soil Engineering Holdings Berhad (the
Company) wishes to inform that the Proposed Restructuring Scheme
have been submitted to the Securities Commission (SC) and the SC
(on behalf of Foreign Investment Committee) on 14th February
2004.

As at today, SC is in the midst of finalising the Proposed
Restructuring Scheme.

This Kuala Lumpur Stock Exchange announcement is dated 8 April
2004.


GENERAL SOIL: Announces The Resignation Of Director
---------------------------------------------------
General Soil Engineering Holdings Berhad announces on 8 April
2004 on the Kuala Lumpur Stock Exchange, the resignation from
the Board of Director Khoo Yu Hing, 43.

Khoo Yu Hing had worked with Gneral Soil and its subsidiaries as
Chief Engineer for 17 years.


HAP SENG: Buys Back Ordinary Shares
-----------------------------------
Hap Seng Consolidated Berhad announces the buy back of ordinary
shares. Details are as follow:

Date of buy back:    09 April 2004

Description of shares purchased:  Ordinary shares of RM1.00
each

Total number of shares
purchased (units):    20,000

Minimum price paid for
each share purchased (RM):   2.700

Maximum price paid for
each share purchased (RM):   2.700

Total consideration
paid (RM):      54,399.60

Number of shares purchased
retained in treasury (units):  20,000

Number of shares purchased
which are proposed to be
cancelled (units):    0

Cumulative net outstanding
treasury shares as at
to-date (units):     32,775,600

Adjusted issued capital
after cancellation
(no. of shares) (units):   0

Remarks :
cc: Securities Commission

This Kuala Lumpur Stock Exchange announcement is dated 9 April
2004.


HOTLINE FURNITURE: Issues a Notice of Book Closure
--------------------------------------------------
Hotline Furniture Berhad would like to refer to the Scheme of
arrangement under Section 176 of the Act, whereby the entire
issued and paid-up share capital of Hotline Furniture Berhad
(HFB) of RM21,788,000 comprising 21,788,000 ordinary shares of
RM1.00 each in HFB (HFB Shares) will be exchanged with 2,178,800
new ordinary shares of RM1.00 each in Mahajaya Berhad (Mahajaya)
(Mahajaya Shares) on the basis of one (1) new Mahajaya Share for
every ten (10) existing HFB Shares held (Share Exchange).

Kindly be advised of the following:

1) The above Company's securities will be traded and quoted (Ex
- Offer)as from: (13 April 2004)

2) The last date of lodgement: (15 April 2004)

This Kuala Lumpur Stock Exchange announcement is dated 9 April
2004.


HOTLINE FURNITURE: Issues Notice of Entitlements
------------------------------------------------
Hotline Furniture Berhad posted the following announcement
pertaining to the issuance of entitlements.

EX-date:   13 April 2004

Entitlement date:  15 April 2004

Entitlement time:  5 PM

Entitlement subject: Others

Entitlement description:

Scheme of arrangement under Section 176 of the Act, whereby the
entire issued and paid-up share capital of Hotline Furniture
Berhad (HFB) of RM21,788,000 comprising 21,788,000 ordinary
shares of RM1.00 each in HFB (HFB Shares) will be exchanged with
2,178,800 new ordinary shares of RM1.00 each in Mahajaya Berhad
(Mahajaya) (Mahajaya Shares) on the basis of one (1) new
Mahajaya Share for every ten (10) existing HFB Shares held
(Share Exchange)

Period of interest payment:    to

For year ending/Period ending/ended:

Share transfer book & register
of members will be closed from
(both dates inclusive) for the
purpose of determining the
entitlements:   15 April 2004 to

Registrar's name ,address,
telephone no:

PFA Registration Services Sdn Bhd
Level 13, Uptown 1
No. 1, Jalan SS21/58
Damansara Uptown
47400 Petaling Jaya
Selangor Darul Ehsan

Telephone No.: 03-77254888

Payment date:

a) Securities transferred into the Depositor's Securities
Account before 4 pm in respect of transfers: 15 April 2004

b) Securities deposited into the Depositor's Securities Account
before 12:30 pm in respect of securities exempted from mandatory
deposit:

c) Securities bought on MSEB on a cum entitlement basis
according to the Rules of the MSEB.

Number of new shares/securities
issued (units) (If applicable):

Entitlement indicator:  Ratio
Ratio:    1 : 10

Rights Issues/Offer Price:

Remarks

2,178,800 Mahajaya Shares will be issued for 21,788,000 HFB
Shares held pursuant to the Share Exchange.

This Kuala Lumpur Stock Exchange announcement is dated 8 April
2004.


I-BERHAD: Restructures Home Appliances Business
-----------------------------------------------
I-Berhad is restructuring its home appliance business, which
will involve ceasing its Taiping manufacturing operations
started by Sanyo and outsourcing the production of its home
appliances.

Chief Executive Officer Eu Hong Chew said after serious
consideration of all factors, the management decided to
restructure its home appliances business in the interest of the
continued viability of its home appliances business.

"We strongly believe that that we will be able to turnaround
this loss-incurring operations by embarking on the new strategy
to outsource the production of our home appliances, which is not
unlike the business model of many successful international
brands names." he added.

"This is a painful decision to make but we have no other choice
after having explored all options and exhausted all avenues to
cut our production cost that has priced us out of the highly
competitive home appliances market at home and abroad," he
added.

The production cost has made the home appliances price
uncompetitive to the extent that it has dealt a heavy blow to
sales. This has had a significant negative impact on the
financial performance of its home appliance subsidiary, I-Home
Appliances Sdn Bhd, which contributed to the group's losses.

Eu said that although the various cost cutting measures did help
and arrested the decline in the appliance division performance
in 2003, it was not enough to take the home appliances division
out from the red with it still reporting a loss of RM1.7 million
(for year ended Dec 31, 2003).

He added that closure of the plant was a last resort - a move it
had been reluctant to take considering the employees of I-Home
Appliances Sdn Bhd who had served in the plant since Sanyo, even
before the takeover by the current management in 1999.

Outsourcing of production serves as a highly viable alternative
and by embarking on this, the group will not be able to absorb
these employees and instead release them to seek other
employment opportunities. Eu said I-Home Appliances Sdn Bhd,
however, would take responsibility for the termination benefits
of its 170 employees.

The switch to outsourcing will be carried out with minimal
disruption to production of its home appliances with the
experience it has with the outsourcing of the production of its
digital products.

About I-Berhad

The company was established in 1967 under the name of Sanyo
Industries (Malaysia) Sdn Bhd. Following the takeover in 1999,
the company changed its name to I-Berhad in line with the new
direction to build brand equity for "i" brand as one of the
leading brands of home appliances. The "i" brand has since been
built into a Global Malaysian brand in line with I-Berhad
diversification of its product offerings from home appliances to
a whole new range of digital products which integrate appliance
technology with digital technology. In addition to air-
conditioners and other home appliances, I-Berhad now produces
digital cameras, digital camcorders, DVD players, home digital
entertainment products and latest IT fashion gadgets such as i-
flash, a HDD storage watch, and i-partyTIME, an MP3 watch. The
i-digital camera is the no. 1 selling brand in Malaysia.

Issued on behalf of I-Berhad by Quattro Communications Sdn Bhd.

Please direct media queries to KL Lim (kllim@quattro.com.my) or
Joyce Gan  (joyce@quattro.com.my) at Tel: 7804.3088 or Fax:
03.7804.3086


KIC OIL: Returning To Profitability
-----------------------------------
KIC Oil and Gas Limited is optimistic that the company will turn
in a profit for its fiscal year ending 31 March 2005, The Edge
Daily reports.

KIC Oil President and Chief Executive Officer Abdul Rashid Mohd
Isa Al-Qadiry says that this confidence is bolstered by the
higher fuel throughput by the company. KIC believes it can
achieve a monthly throughput of more than 600,000 tonnes.

"We achieved a throughput of 650,000 tonnes in the first three
weeks of operations last month. This is 250 percent of our
initial anticipated throughput. We are confident we can achieve
morte than 600,000 metric tonnes monthly," Abdul Rashid said.

"If the volume is as comfortable as 650,000 tonnes, we have
guaranteed profits for the next few years," he said at a press
conference after a signing ceremony between KIC and Bank Islam
(L) Ltd to secure a US$42 million (RM159.6 million) trade
financing facility.

KIC will use the facility to purchase petroleum products such as
higher viscosity fuel oil feed stocks, diluents or blending
components and other related products to aggressively undertake
fuel oil trading activities.


KIC OIL: To Be Acquired By PDZ Holdings Bhd
-------------------------------------------
KIC Oil and Gas Limited President and Chief Executive Officer
Abdul Rashid Isa Al-Qadiry says that PDZ Holdings Berhad is
acquiring the company, The Edge daily reports on Monday, 12
April.

He said the company was in the midst of finalising details on
its proposed injection into PDZ. Faidzan expected to submit the
proposal to the Securities Commission by the end of this month.

KIC's entire paid-up capital of RM15.2 million is expected to
increase to RM38 million upon its injection into PDZ, for a
proposed sum of RM180 million to be satisifed via the issuance
of 120 million new PDZ shares at RM1.50 apiece.

Last year, KIC incurred a net loss of RM13.86 million for the 10
months ended Jan 31, 2004, on the back of RM3.02 million in
sales.

KIC's principal activities are services for blending fuel oil
(FO) and terminalling on a floating fuel oil processing terminal
(FFPT) and trading and supply of petroleum products.

KIC's customers include IFATech Global (M) Sdn Bhd (ITG) and
Glencore International AG.


MALAYSIA AIRLINES: Considering Low-cost Regional Service
--------------------------------------------------------
Malaysia Airlines System (MAS) is mulling over offering a
regional low-cost air service, The Star Online reports.

MAS managing director Datuk Ahmad Fuaad Dahalan said the company
was studying the low-cost business model as by not doing so
would be tantamount to MAS not facing the realities around it.

This move comes with the increasing number of low-cost carriers
that can pose a potential threat to the full-fledged carrier's
business on lucrative regional routes.

"That is why MAS is continuously assessing its competitive
environment and if 'there is a necessity', MAS will look at
it,'' he said.

The low-cost fare structure and the emergence of low-cost
carriers are new phenomena in Asia whereas in America and Europe
they have existed for a long time.

But in such an environment when both types of carriers - low-
cost and full-fledged operations - the possibility of dumping of
airfares by full-fledged carriers to match or be close to that
of low-cost would be prevalent.

On the outlook of the aviation industry, Fuaad said: "We are
very optimistic on the outlook of the industry and we have the
opportunity to expand which means that we are capable of riding
the up trend in the aviation industry.

"Having said that, we also know that we have to improve on our
network and be on a constant look out for opportunities since
low-cost carriers are also lurking around.

"Every low-cost carrier has its own agenda and we do not want to
be marginalized on some lucrative routes due to pricing,'' he
added.

There are currently four low-cost carriers in Asia but only
AirAsia has taken to the skies with their flights to Thailand,
via its joint venture unit.

The other three are Singapore Airline's 49-percent-owned Tiger
Airways; a privately-owned ValueAir of Singapore, and the
recently announced Australia's Qantas Airways. These three are
expected to take to the skies sometime this year.

Thai Airways and Cathay Pacific have also indicated their
intentions to offer low-cost air services but further details
are not available.

In such a scenario, MAS is the only regional airline that has
yet to take the plunge into offering low-cost air services.


PAN PACIFIC: Registrar Issues Summary Judgment
----------------------------------------------
The Board of Directors of Pan Pacific Asia Berhad (PPAB) wishes
to announce that the Senior Assistant Registrar (SAR) of the
Kuala Lumpur High Court had on 5 April, 2004 allowed the
Plaintiff's (Public Bank Berhad) summary judgment application
with costs. The judgement sum involved is RM10,996,922.05 with
interest on RM10,996,922.05 at the rate of 3.5 percent above the
Plaintiff's base lending rate (currently 6.8 percent per annum)
on daily rests from 1 November 2000 until settlement. The
Company, after consulting its solicitors, will appeal to the
Judge in Chambers against the SAR decision.

This Kuala Lumpur Stock Exchange announcement is dated 8 April
2004.


POLY GLASS: New Zealand Unit Voluntarily Winding Up
---------------------------------------------------
The Board of Directors of POLY GLASS FIBRE (M) BHD (POLY) wishes
to announce that pursuant to Section 241(2)(a) of the New
Zealand Companies Act 1993, POLY has on 8 April 2004 resolved to
voluntarily wind-up and liquidate its wholly owned subsidiary,
Poly Holdings Ltd. (NZ) (Poly Holdings) (hereinafter referred to
as Proposal).

1. DETAILS OF POLY HOLDINGS

Poly Holdings was incorporated on 30 June 1994 in New Zealand
with an authorised share capital of 100 ordinary shares of
NZ$1.00 each. As at todate, the share capital was not issued and
remain unpaid.

Poly Holdings' principal activity is an investment holdings
company and has a 49 percent equity interest in Safe-R
Insulation (NZ) Ltd (Safe-R). This is represented by 358,849
ordinary shares of NZ$1.00 each in Safe-R which was disposed of
on 25 February 2004.

2. RATIONALE OF THE PROPOSAL

With the disposal of Safe-R, the existence of Poly Holdings is
no longer required.

3. EFFECTS OF THE PROPOSAL

The Proposal will not have any material effects on the share
capital, net tangible assets and earnings of POLY for the
financial year ending 28 February 2005.

5. CONDITIONS TO THE PROPOSAL

The Proposal is not subject to authority or shareholders'
approval.

6. DEPARTURE FROM THE SECURITIES COMMISSION'S POLICIES AND
GUIDELINES ON ISSUE/OFFER OF SECURITIES (SC's Guidelines)

To the best knowledge and belief of the Board, the Proposal does
not depart from the SC's Guidelines.

7. DIRECTORS' AND SUBSTANTIAL SHAREHOLDERS' INTEREST

None of the Directors and/or substantial shareholders of POLY
and/or person connected with the Directors and/or substantial
shareholders of POLY has any interest, direct or indirect, in
the Proposal.

8. DIRECTORS' STATEMENT

The Board of Directors of POLY is of the view that the Proposal
is in the best interest of the Company.

This Kuala Lumpur Stock Exchange announcement is dated 8th day
of April 2004.


PROTON: GEN.2 Rolls Onto The Highways
-------------------------------------
Just two months after its launch, Perusahaan Otomobil Nasional
Berhad or Proton's new Gen.2 debuted on Malaysian roads last
Sunday, 11 April, the Malaysian National News Agency- Bernama
reports.

Two hundred proud owners of the latest model of the national car
from Perusahaan Otomobil Nasional Bhd received their keys at the
Proton Edar Sdn Bhd branch in Proton Platinum, Mutiara Damansara
and in Danga Bay, Johor Baharu.

The new cars then chalked their first miles on the road in a
convoy to a durian orchard where they had a sumptuous barbecue.
In Johor Baharu, they shared their thoughts on the car with
Johor Menteri Besar Datuk Abdul Ghani Othman over a spread of
mid-morning snacks.

Powered by Campro, Proton's own engine, Gen 2 sets new standards
in automotive design and engineering, combined with quality,
security and safety. The sporty, sleek 1.6 liter Gen.2 was
produced in collaboration with sports car designer Lotus.

Speaking to reporters later, Ahmad Tifli said similar events
would be held in the northern and eastern region soon.

"We hope to deliver the cars to the buyers as early as possible
although the waiting list period is five to six months from the
booking date," he said.

He said Gen 2 was expected to capture 45 per cent of the car
market for 1.6-litre engine with sales targeted at 55,000 units
by year-end.

"We are confident that Gen 2 will give satisfaction to its
owner," he said.

Since its launching last February, over 12,000 orders for the
Gen 2 had been received.


PROTON: CEO Thwarts Ouster Attempt
----------------------------------
Unidentified industry sources revealed on Thursday, 8 April an
ouster bid against Perusahaan Otomobil Nasional Berhad or
Proton's CEO Tengku Mahaleel tengku Ariff, Reuters reports. The
attempted boardroom coup was reportedly led by Proton Chairman
Abu Hassan Kendut.

The plan had been to take control of the troubled carmaker and
its assets, which includes 3.4 billion ringgit (US$890 million),
valuable property holdings as well as to sell off its British
Lotus Unit.

"There are asset strippers out there wanting Proton because it's
attractive. It's got cash and a valuable land bank that's ripe
for development. They also wanted to reduce the board of
directors so that they would have a majority," the source said.

A motor industry executive, who also asked not to be named,
confirmed there had been an attempt to remove Mahaleel on the
pretext that his contract was due to expire this month.

"Nothing has changed, his contract ends in April 2005," said the
executive.

He said Mahaleel had met Malaysian Prime Minister Abdullah Ahmad
Badawi, who as finance minister is ultimately in control of
Khazanah, and was told to complete his term to April 2005.

"It's back to normal, he has been given the green light to run
the company," the same executive said.

Proton had been due to hold a board meeting earlier this week
but did not when the chairman and a couple of his supporters
failed to turn up, the source said.

Abu Hassan was nominated to the board by Malaysian state
investment arm Khazanah Nasional Berhad.

He was not immediately available for comment.

Khazanah raised its Proton stake to nearly 35 percent last month
but won itself a waiver to avoid having to make a mandatory
offer for all of the national car maker's shares.

Proton shares were suspended at 9.85 ringgit on March 24 so the
firm could create a new entity, Proton Holdings Berhad, to house
the company's different business units and allow them the
freedom to strike up joint ventures.

Proton shareholders are due to get a one-for-one share in the
new company, which was due to re-list around April 20. But that
date depends on a board meeting taking place, the source added.


PROTON: CEO Says Its Business As Usual
--------------------------------------
Tengku Mahaleel Tengku Ariff, CEO for Perusahaan Otomobil
Nasional Berhad (Proton) has declared on Friday, 9 April that he
will continue to serve the company for as long as he is needed,
Dow Jones reports, citing the Bernama news agency.

"I'm still the chief executive and have served (Proton) for nine
years, even though my contract was due to expire in 1997. I'm
still sincerely working and will serve (the company) as long as
I'm needed," Mahaleel Ariff said after speaking in Penang at the
launch of a new Proton dealership.

Proton had said earlier that it would not respond to questions
concerning Mahaleel's tenure nor answer queries regarding a
report that he had survived an alleged attempt to oust him from
his post by Proton Chairman Abu Hassan Kendut "on behalf of
others." Abu Hassan is also a director at the finance ministry
investment arm, Khazanah Nasional Bhd., which is Proton's
largest shareholder.


RHB CAPITAL: Issues Interim Dividend
------------------------------------
RHB Capital Berhad announces the issuance of interim dividends.
Details are as follows:

EX-date:   28 April 2004

Entitlement date:  30 April 2004

Entitlement time:       5 PM

Entitlement subject: Interim Dividend

Entitlement description:

Second Interim Dividend of 3.5% less 28% income tax in respect
of the financial year ending 30 June 2004.

Period of interest payment:   to

For year ending/Period ending/ended: 30 June 2004

Share transfer book & register of members will be closed from
(both dates inclusive) for the purpose of determining the
entitlements:   to

Registrar's name, address, telephone no:

Malaysian Share Registration Services Sdn Bhd
7th Floor, Exchange Square
Bukit Kewangan
50200 Kuala Lumpur

Tel: 03-2026 8099

Registrar's new address with effect from 19 April 2004:

Malaysian Share Registration Services Sdn Bhd
Level 26 Menara Multi Purpose
Capital Square
No. 8 Jalan Munshi Abdullah
50100 Kuala Lumpur

Tel: 03-27212222

Payment date:  21 May 2004

a) Securities transferred into the Depositor's Securities
Account before 4 pm in respect of transfers: 28 April 2004

b) Securities deposited into the Depositor's Securities Account
before 12:30 pm in respect of securities exempted from mandatory
deposit:   30 April 2004

c) Securities bought on MSEB on a cum entitlement basis
according to the Rules of the MSEB.

Number of new shares/securities issued (units) (If applicable):

Entitlement indicator: Percentage

Entitlement in percentage(%):3.5
Remarks

This Kuala Lumpur Stock Exchange announcement is dated 9 April
2004.


TANJONG PUBLIC: Details Listing and Quotation Of New Shares
-----------------------------------------------------------
Kindly be advised that Tanjong Public Limited Company's
additional 355,000 new ordinary shares of 7.5 pence each issued
pursuant to the Tanjong-Employees' Share Option Scheme were
granted listing and quotation with effect from 9 a.m., Monday,
12 April 2004.

This is a Kuala Lumpur Stock Exchange announcement.


YCS CORPORATION: Reprimanded And Fined
--------------------------------------
YCS Corporation Berhad has been publicly reprimanded and fined,
The Edge Daily reports on Monday, 12 April.

YCS was slapped a fine of RM16,000 by the Malaysia Securities
and Exchange Berhad (MSEB) for not handing in its company
quarterly report on time.

The report for the financial period ending September 30, 2003
was submitted to the Exchange on December 10 instead of the
prescribed date of November 30. YCS had also failed to hand in
its report on time for all three previous quarters in 2003.


=====================
P H I L I P P I N E S
=====================


PHILIPPINE AIRLINES: Plans To Resume Flights to India and Europe
----------------------------------------------------------------
Philippine Airlines (PAL) targets 2006 for the flag carrier's
resumption of its flight to India and Europe, AFX Asia reports,
citing PAL's chairman and chief executive Lucio Tan on Sunday,
11 April.

"We're given two years to work on having flights in those areas.
We're giving it a very careful study," PAL president and chief
operating officer Avelino Zapanta said.

PAL still needs to sign an agreement with New Delhi and European
countries, before it can fly to these destinations.

New Delhi government has already drafted air agreement, which
entails willingness to the idea, however the Philippine Air
panel has yet to relay to India its feedback.

"We need to respond to their proposal but we have to meet to
discuss that," Civil Aeronautics Board (CAB) executive director
Tomas Ma¤alac said.

Instead of taking up the matter with every country in Europe,
Mr. Ma¤alac said the Philippine air panel would rather opt to
hold air talks with the European Commission, the policymaking
body of the EU, for an air service agreement.

PAL, Mr. Zapanta said, wanted to take advantage of the growing
tourism and information technology industries in India. He also
cited the importance for the flag carrier to resume flights to
Europe given the increasing deployment of overseas Filipino
workers in Italy.

PAL's flight to India was halted in 1954 through the order of
then-President Ramon Magsaysay to stop foreign flights in favor
of rural development.  However European flights were stopped in
1998 due to management and the airline's flight and ground crew
dispute.


=================
S I N G A P O R E
=================


GEOK TEE: Court Sets Date of Petition Hearing
---------------------------------------------
Notice is hereby given that a petition for the winding up of
Geok Tee Industries Pte Ltd. by the High Court was on the 29
March 2004 presented by the Bank of China, a bank incorporated
in the People's Republic of China and having its registered
office at 4 Battery Road, Bank of China Building, Singapore
049908. The said petition will be heard before the Court sitting
at Singapore at 10 a.m. on 23 April 2004. Any creditor or
contributory of the Company desiring to support or oppose the
making of an Order on the Petition may appear at the time of
hearing by themselves or their Counsel for that purpose; and a
copy of the Petition will be furnished to any creditor or
contributory of the Company requiring the copy of the Petition
by the undersigned on payment of the regulated charge for the
same.

The Petitioner's address is 4 Battery Road, Bank of China
Building, Singapore 049908.

The Petitioner's solicitors are Messrs Rajah & Tann of 4 Battery
Road,#15-01 Bank of China Building, Singapore 049908.

Messrs RAJAH & TANN
Solicitors for the Petitioner.

Note: Any person who intends to appear at the hearing of the
petition must serve on or send by post to the Petitioner's
solicitors, Messrs Rajah & Tann of 4 Battery Road, #15-01 Bank
of China Building, Singapore 049908, notice in writing of his
intention to do so. The notice must state the name and address
of the person, or, if a firm, the name and address of the firm,
and must be signed by the person or firm, or his or their
solicitors (if any) and must be served, or, if posted must be
sent by post in sufficient time to reach the Petitioner's
solicitors not later than twelve o'clock noon of 22 April 2004
(the day before the day appointed for the hearing of the
Petition).

The Singapore Government Gazette announcement is dated 8 April
2004.


I.R.E. CORPORATION: Schedules AGM Meeting
-----------------------------------------
Notice is hereby given that the Eighteenth Annual General
Meeting (AGM) of I.R.E. Corporation Limited will be held at 123
Genting Lane, #07-01 Yenom Industrial Building, Singapore 349574
on Monday, 26 April 2004 at 2 p.m. for the following purposes:

ORDINARY BUSINESS

1. To receive the audited accounts for the year ended 31
December 2003 and the Reports of the Directors and Auditors.

2. To approve Directors' Fees of $85,000 for the year ended 31
December 2003. (2002: $98,000)

3. To re-elect the following Directors who retire in accordance
with the Company's Articles of Association and who, being
eligible, offer themselves for re-election:

(a) Dr. Tan Eng Liang
(b) Mr. Roger Chan Kum Onn
(c) Mr. Goh Chee Whui

4. To pass the following resolution:

"That, pursuant to Section 153(6) of the Companies Act Cap 50,
Mr. Goh Kaw Kern @ Goh Kwang Chay be and is hereby re-appointed
as a Director of the Company to hold office until the next
Annual General Meeting."

5. To re-appoint Messrs KPMG as Auditors of the Company and to
authorize the Directors to fix their remuneration.

SPECIAL BUSINESS

6. To consider and, if thought fit, to pass the following as an
Ordinary Resolution, with or without modification:

"That pursuant to Section 161 of the Companies Act, Cap. 50 and
Rule 806 of the Listing Manual of the Singapore Exchange
Securities Trading Limited, authority be and is hereby given to
the directors of the Company to issue shares and convertible
securities in the Company (whether by way of rights, bonus or
otherwise) at any time to such persons and upon such terms and
conditions and for such purposes as the directors may in their
absolute discretion deem fit, provided that the aggregate number
of shares and convertible securities to be issued pursuant to
this resolution does not exceed 50% of the issued share capital
of the Company, of which the aggregate number of shares and
convertible securities to be issued other than on a pro-rata
basis to shareholders of the Company does not exceed 20% of the
issued share capital of the Company. For the purposes of this
resolution, the percentage of the issued share capital of the
Company shall be based on the issued share capital of the
Company at the time this resolution approving the mandate is
passed (after adjusting for any new shares arising from the
conversion or exercise of convertible securities; or new shares
arising from exercising share options or vesting of share awards
outstanding or subsisting at the time of the passing of this
resolution approving the mandate, provided the option or awards
were granted in compliance with Part VIII of Chapter 8 of the
Listing Manual; and any subsequent consolidation or subdivision
of shares in the Company), and unless revoked or varied by the
Company in general meeting, such authority shall continue in
force until the conclusion of the next annual general meeting of
the Company or the date by which the next annual general meeting
of the Company is required by law to be held, whichever is the
earlier."

7. To consider and, if thought fit, to pass the following as an
Ordinary Resolution, with or without modification:

"(a) That approval be and is hereby given pursuant to Chapter 9
of the Listing Manual of the Singapore Exchange Securities
Trading Limited, for the Company, its subsidiaries and
associated companies or any of them to enter into any of the
transactions falling within the types of Interested Person
Transactions, particulars of which are set out in Appendix 1 to
this Notice of Annual General Meeting with any party who is an
interested person described in the Appendix 1 provided that such
transactions are made on an arm's length basis and on normal
commercial terms ;

(b) The approval given in paragraph (a) above shall, unless
revoked or varied by the Company in General Meeting, continue in
force until the next Annual General Meeting of the Company; and

(c) The Directors of the Company be and are hereby authorized to
complete and do all acts and things (including executing all
such documents as may be required) as they may consider
expedient or necessary or in the interests of the Company to
give effect to the approval given in paragraph (a) above and/or
this Resolution."

8. To transact any other business that may be transacted at an
Annual General Meeting of which due notice shall have been
given.

By Order of the Board
MICHAEL TAY KWANG HOW
Secretary
Singapore
8 April 2004

NOTE:

1) A member entitled to attend and vote at the Meeting is
entitled to appoint not more than two proxies to attend and vote
in his stead. A proxy need not be a member of the Company. The
instrument appointing a proxy must be deposited at the Company's
Registered Office, 1 Sophia Road #05-03, Peace Centre, Singapore
228149, not less than 48 hours before the time fixed for holding
the Meeting.

2) Mr. Roger Chan Kum Onn and Mr Goh Chee Whui, Independent
Directors, if re-elected, will remain a Chairman and a Member of
the Audit Committee, respectively.

EXPLANATORY NOTES ON SPECIAL BUSINESS TO BE TRANSACTED:

Ordinary Resolution No.6 is to authorize the Directors of the
Company to issue shares and convertible securities up to 50% of
the Company's issued share capital, with an aggregate sub-limit
of 20% of the Company's share capital for any issue of shares
and convertible securities not made on a pro-rata basis to
shareholders of the Company.

Ordinary Resolution No. 7 is to renew the members' mandate for
recurrent revenue transactions with interested persons and will
empower the Directors of the Company from the date of the above
Meeting until the next Annual General Meeting to do all acts
necessary to give effect to this ordinary resolution. This
authority will, unless revoked or varied at a general meeting,
expire at the next Annual General Meeting of the Company. Please
refer to Appendix 1 of this Notice at
http://bankrupt.com/misc/tcrap_ire0413.pdf.

I.R.E Company Secretary Michael Tay Kwang submitted this
announcement to the Singapore Stock Exchange Limited on 7 April
2004.


PORCUPINE PTE: Creditors Meeting Set April 22
---------------------------------------------
Notice is hereby given that the Creditors' Meeting of Porcupine
Pte Ltd. (In Creditors' Voluntary Winding Up) will be held at
International Factors Building, 141 Market Street, Room Royal 2,
Level 12, Singapore 048944 on the 22nd day of April, 2004 at 4
p.m. for the following purposes:

AGENDA

1. To confirm the appointment of Henry Tan Song Kok and Kim Yoon
Sook as liquidators or to appoint other liquidator nominated by
the creditors.

2. To approve the liquidation cost including the remuneration of
the liquidators, Henry Tan Song Kok and Kim Yoon Sook.

Henry Tan Song Kok And
Kim Yoon Sook
Liquidators.
c/o Nexia Tan & Sitoh
5 Shenton Way
#23-03 UIC Building
Singapore 068808.
Tel: 6534 5700.
Fax: 6534 5766.

Note:

1. Proxy form is enclosed herewith. Proxy to be used at the
meeting must be lodged not later than 4 p.m. on the 20 April
2004.

2. To entitle creditors to vote thereat, creditors of the above
named company who have not filed proof of debts or wish to file
updated proof of debts are required to lodge their proof of debt
(Form 77) not later than 4 p.m. on 20 April 2004.

Form 77 may be obtained from
www.acra.gov.sg/company/PDF/Form77.pdf

3. The proxy and proof of debt forms are to be lodged at 5
Shenton Way, #23-03 UIC Building, Singapore 068808.

The Singapore Government Gazette announcement is dated 8 April
2004.


SINGASIA PTE: Releases Dividend Notice
--------------------------------------
Singasia Pte Ltd (In Liquidation) issued a notice of intended
dividend:

Address of registered office: c/o Don Ho & Associates.

Last day for receiving proofs: 10th May 2004.

Name of Joint & Several Liquidators: Mr. Don M Ho, CPA
                                     Mr. Lim Lian Soon, CPA.

Address: c/o DON HO & ASSOCIATES
Certified Public Accountants
Corporate Advisory & Recoveries
Equity Plaza
20 Cecil Street #12-02 & 03
Singapore 049705.

Tel: 6532 0320.
Fax: 6532 0331.

The Singapore Government Gazette announcement is dated 8 April
2004.


SUBSEA CABLE: Creditors Must Submit Claims by May 10
----------------------------------------------------
Notice is hereby given that the creditors of Subsea Cable &
Pipes Pte Ltd (In Member's Voluntary Liquidation), which is
being wound up voluntarily, are required, on or before 10 May
2004 to send in their names and addresses, with particulars of
their debts and claims, and the names and addresses of their
solicitors (if any) to the undersigned, the liquidators of the
said Company. And if so required by notice in writing by the
said liquidators, are, personally or by their solicitors, to
come in, and prove their said debts or claims at such time and
place as shall be specified in such notice, or in default
thereof they will be excluded from the benefit of any
distribution made before such debts are proved.

Low Sok Lee Mona
Cheng Soon Keong
Liquidators.
c/o Low, Yap & Associates
4 Shenton Way
#04-01 SGX Centre 2
Singapore 068807.

The Singapore Government Gazette announcement is dated 8 April
2004.


TRADE VELOCITY: Issues Debt Claim Notice to Creditors
-----------------------------------------------------
Notice is hereby given that the creditors of The Trade Velocity
Pte Ltd. (In Members' Voluntary Liquidation), which is being
wound up voluntarily are required on or before 26 April 2004 to
send in their names and addresses and particulars of their debts
or claims, and the names and addresses of their solicitors (if
any) to the undersigned, the Liquidators of the said Company.
And if so required by notice in writing by the said Liquidator
is, by their solicitors or personally, to come in and prove
their debts or claims at such time and place as shall be
specified in such notice, or in default thereof they will be
excluded from the benefit of any distribution made before such
debts are proved.

Chee Yoh Chuang
Leow Quek Shiong
Liquidators.
18 Cross Street
#08-01 Marsh & McLennan Centre
Singapore 048423.

The Singapore Government Gazette announcement is dated 8 April
2004.


TWINWOOD ENGINEERING: AGM Set April 29
--------------------------------------
Notice is hereby given that the Annual General Meeting (AGM) of
Twinwood Engineering Limited will be held on April 29, 2004 at
11 a.m. at 10 Penjuru Close, Singapore 608618 to transact the
following business:

ORDINARY BUSINESS

1. To receive and adopt the Report of the Directors and Audited
Accounts for the financial year ended December 31, 2003.

2. To approve the proposed Non-Executive Directors' Fee of
$185,000/- for the financial year ended December 31, 2003
(2002:$210,000/-).

3. To re-elect the following Directors who retire by rotation
pursuant to Article 106 of the Company's Articles of
Association:

(a) Mr. Seow Yung Liang, Richard
(b) Mr. Lim Kok Yong

4. To reappoint Messrs Deloitte & Touche as the Company's
Auditors and to authorize the Directors to fix their
remuneration.

SPECIAL BUSINESS

To consider and, if thought fit, to pass the following Ordinary
Resolutions:

5. Authority to allot and issue shares of up to fifty per cent
(50%) of issued share capital

"THAT pursuant to Section 161 of the Companies Act, Cap. 50 and
Rule 806 of the Listing Manual of the Singapore Exchange
Securities Trading Limited, the Directors of the Company be and
are hereby authorized to issue and allot new shares in the
Company (whether by way of rights, bonus or otherwise) at any
time and upon such terms and conditions and for such purposes
and to such persons as the Directors may, in their absolute
discretion, deem fit, provided always that the aggregate number
of shares to be issued pursuant to this Resolution shall not
exceed 50% of the issued share capital of the Company, of which
the aggregate number of shares to be issued other than on a pro-
rata basis to shareholders of the Company shall not exceed 20%
of the issued share capital of the Company, and, unless revoked
or varied by the Company in general meeting, such authority
shall continue in force until the conclusion of the Company's
next Annual General Meeting or the date by which the Company's
next Annual General Meeting is required by law or by the
Articles of Association of the Company to be held, whichever is
the earlier."

6. Authority to grant options and issue shares under the
Twinwood Share Option Scheme 2001.

"THAT pursuant to Section 161 of the Companies Act, Cap. 50, the
Directors of the Company be and are hereby authorized to offer
and grant options in accordance with the Twinwood Share Option
Scheme 2001 (the Scheme) (including options over shares at a
subscription price per share set at a discount to the market
price of the shares provided that the maximum discount should
not in any case exceed 20% of the market price and the
subscription price should not be less than the par value of the
share) and to allot and issue from time to time such number of
shares in the capital of the Company as may be required to be
issued pursuant to the exercise of the options under the Scheme,
provided always that the aggregate number of shares to be issued
pursuant to the Scheme shall not exceed 15% of the issued share
capital of the Company from time to time."

7. To transact any other business that may be properly
transacted at the Annual General Meeting.

By Order of the Board
Jennifer Lee Siew Jee (Ms)
Keloth Raj Kumar (Mr)
Company Secretaries

Twinwood Company Secretary Keloth Raj Kumar submitted this
announcement to the Singapore Stock Exchange Limited on 12 April
2004.


===============
T H A I L A N D
===============


BANGKOK BANK: Releases Resolutions of Shareholder's Meeting
-----------------------------------------------------------
The 11th ordinary shareholders' meeting of Bangkok Bank PCL
convened on April 9, 2004 on 4:10 p.m. and 5:15 p.m. at the
Bank's auditorium on the 30th floor of the Head Office, 333
Silom Road, Silom Sub-district, Bangrak District, Bangkok.  The
company submits to the Stock Exchange of Thailand the
resolutions passed in the meeting:

(1) Approved the minutes of the 10th ordinary shareholders'
meeting held on April 11, 2003.

(2) Acknowledged the reports on capital increase and redemption
and adjustment of Capital Augmented Preferred Securities
("CAPS").

(3) Acknowledged the report on the results of operations for the
year 2003.

(4) Acknowledged the report of the Audit Committee.

(5) Approved the balance sheet and income statement for the year
2003.

(6) Approved that no appropriation of the profit for the year
2003 and no payment of dividends be made.

(7) Approved that reserve funds be transferred to offset the
Bank's accumulated loss.

(8) Re-elected Mr. Chatri Sophonpanich, Mr. Piti Sithi-Amnuai,
Mr. Charn Sophonpanich, Mr. Amorn Chandarasomboon, Mr. Thamnoon
Laukaikul, and Mr. Prasong Uthaisangchai as the Bank's
directors.

(9) Appointed Mr. Niti Jungnitnirundr, certified public
accountant registration no. 3809, and/or Miss Chongchitt
Leekbhai, certified public accountant registration no. 2649,
and/or Mr. Permsak Jerajakwattana, certified public accountant
registration no. 3427, all of Deloitte Touche Tohmatsu Jaiyos,
as the Bank's auditors with the remuneration in the amount of
Baht 7,258,000.

(10) Approved the reconsideration of resolutions regarding the
allocation of shares and issuance of various types of the Bank's
securities and approved the proposed allocation of shares and
issuance of various types of securities so that the resolutions
in respect thereof shall correspond with the regulations
prescribed by the Securities and Exchange Commission as well as
the Bank's current situation by first canceling resolutions
regarding the allocation of shares and the issuance of various
types of Bank's securities and then approving the allocation of
shares and issuance of various types of Bank's securities as
follows:

To view full copy of this press release, click
http://bankrupt.com/misc/BANGKOKBANK041204.txt


MDX PUBLIC: Releases Capital Increase Report Form
-------------------------------------------------
MDX PCL hereby reports the details on the order of the Central
Bankruptcy Court in respect of a capital increase/share
allotment:

(1) Capital increase:

The Central Bankruptcy Court issued an order allowing Wittayu
Planner Co., Ltd., the Plan Administrator of MDX Public Company
Limited (PA) to decrease the unpaid capital and to increase
registered capital from Baht 1,656.30 million to Baht 4,756.30
million by means of the issuance of  310,000,000 ordinary shares
with a par value of Baht 10 each totaling Baht 3,100 million.

(2) Allotment of new shares:

(2.1) The Central Bankruptcy Court allowed the PA to make the
allotment of 310,000,000 ordinary shares with par value of Baht
10 each, totaling
Baht 3,100 million, these are the details:

To view full copy of this press release, click
http://bankrupt.com/misc/MDX040904.txt


PRASIT PATANA: Details Progress on Implementation of Rehab Plan
---------------------------------------------------------------
With Reference to the previous progress report, from April 1,
2003 to September 29, 2003, Prasit Patana PCL, would like to
report the progress implementation as stipulated in the
Rehabilitation Plan from September 30, 2003 to March 31, 2004 as
per the following details:

The Plan Administrator reported and applied to the court to
terminate the business reorganization process of PYT upon
satisfaction of all requirements under Plan on August 27, 2003
and the court ordered termination the business reorganization
process of PYT on September 29, 2003.

Thus management of the company and subsidiaries depends on the
respective Board of Directors, who was nominated by the
Creditors' Board and appointed by the Central Bankruptcy Court
according to the terms and conditions in the Business
Rehabilitation Plan.

The Board of Directors organized the first meeting on October
14, 2003 and unanimously appointed Mr.Wichai Thongtang to be the
Chairman of the Board as well as the Executive Chairman, and
appointed Mr. Chanin Yensudchai as the Chief Executive Officer
of the Phyathai Hospital Group.  The Executive Committee of
company and its subsidiaries were also established.

The Board of Directors, after assuming duty, solved major
problems of the Company.  At the same time, they carried out
researches and studies to find ways to develop and improve the
company operating result.  Since their appointment until the end
of March 2004, they have accomplished the following tasks.

November 2003: Improved the organizational structure of the
company and its subsidiaries so as to facilitate flexibility and
improve management efficiency.

December 2003: Made new loan with a local financial institution
and changed repayment period from 7 to 10 years.  The grace
period for principal payment is 18 months fro the loan date,
which reduces interest expense by Baht 260 Million annually.

Moreover, about Baht 1,128 million of debts in the performance
linked obligation were written off.  As a result, the operating
result and liquidity of the company and its subsidiaries greatly
improved.

December 2003: Organized training for the employees of the
company and subsidiaries, so that they understand the management
policy of the new Board of Directors and determine the growth
direction together.  Create teamwork culture.

December 2003: Capital deficiency decreased from that of year
2002. Capital deficiency as of December 31, 2003 (audited) is
equal to 1,689.9 Million baht compared to that of year 2002
which equal to 9,776.1 Million baht.

February 2004: Phyathai 3 Hospital Company Limited, a subsidiary
of PYT, is certified hospital service quality by Hospital
Accreditation Thailand (HA).

For your acknowledgements,
Yours faithfully,
(Sakara Punyashthiti)
Vice President Finance & Accounting


SAHAMITR PRESSURE: Posts Operating Results For the Past 6 Months
----------------------------------------------------------------
In order to comply with rules and regulations of the Stock
Exchange of Thailand, Sahamitr Pressure Container PCL would like
to report the progress of its performance including
rehabilitation in the past six months during October 1,2003 to
March 31, 2004:

The company has been paying debts and following all conditions
stated in the debt-restructuring plan.  As to the part of being
guarantor to Sahamitr Steel, the company and its related company
have been not only following all conditions stated in the debt-
restructuring plan, but also co- negotiating the debt-
restructuring plan with its creditor.

However, the business condition in the past has not been in a
favorable state to the company. Both creditors and investors
still wait and see the situation therefore delayed the
conclusion of negotiation.  According to present situation,
overall economics and stock market have become more positive
resulting in the strong interest of both creditors and
investors.  The company therefore, engages in more alternatives
to negotiate the debt-restructuring plan, which could be more,
accepted by its creditor.

In order for the negotiation to be reasonable and fair for all
related parties, the company has elected, SAMC Advisory Co.,
Ltd., to be its financial consultant to be its representative in
negotiating the debt-restructuring plan on February 12, 2004.

The content of negotiation include some debts payments,
transforming debts to capital, seeking new investors, of which
main objective is to remove the guarantee liabilities of
the company.  The company expects 3-6 months to conclude the
negotiation. From the above-mentioned situations, the company
foresees that the problems will get resolved in an amicable
manner and that the negotiation will become successful.
The company endeavors to resolve the situation in a way that
impacts will be kept at minimum for the highest interest of its
shareholders.

The company shall further report its performance every 6 months
on a regular basis so the board of directors of the SET may
continuously evaluate the matter.

Yours sincerely
Mr.Sutham  Ekahitanond
Chairman and Managing Director

To view full copy of this press release click
http://bankrupt.com/misc/sahamitrpressure040904.txt


SINO THAI: Unveils Annual General Shareholder's Meeting
-------------------------------------------------------
Sino-Thai Resources Development Public Company Limited convened
the Annual General Meeting of Shareholders on April 8, 2004, at
4 p.m. to 5 p.m.

The Company reports to the Stock Exchange of Thailand the
resolutions adopted at the meeting:

(1) Approval of the Minutes of Annual General Meeting of
Shareholders No. 25/2003 held on April 8, 2003.

(2) Approval of the Board of Directors' report on the Company's
Operating Results for the year ending December 31, 2003 and the
Company's Annual Report for 2003.

(3) Approval of the Balance Sheet and Profit and Loss Statements
for the fiscal period ended December 31, 2003.

(4) Approval of the non-issue of dividend payment for 2003.

(5) Approval of the reappointment of Mr.Piroon Shinawatra, Mr.
Kitti Chivakittigul, Mr. Yongyuth Manathampaiboon as the
directors of the Company for an additional term.

(6) Approval of the appointment of the additional directors from
10 directors to 15 directors and appointment of the advisor of
the board of directors, and approve their remuneration.

(7) Approval of the appointment of Mr. Narong Puntawong C.P.A.
License No. 3315 and/or Mr. Suphachai Panyawatthano C.P.A.
License No. 3930 and/or Ms. Thippawan Nananuwat License No. 3459
and/or Ms. Siraporn Ueanankul C.P.A. License No. 3844, all of
Ernst & Young Office Limited as auditors of the Company for 2004
with the auditor's remuneration of Baht 380,000 (Three Hundred
and Eighty Thousand Baht).

(8) Approval of fixing the Remuneration of Directors and Audit
Committee for 2004:

Board of Directors Remuneration

(1) For the Chairman not to exceed 240,000 Baht/annum

(2)For each Director not to exceed 120,000 Baht/annum
Audit Committee Remuneration

(1) For the Chairman of Audit Committee not to exceed 240,000
Baht/annum

(2) For each Audit Committee not to exceed 120,000 Baht/annum

(9) Approval of the amendment of the Articles 60 to the
Company's Articles of Association:

Article 60
"In case of the company or its subsidiaries have any connected
transaction or acquisition and disposal of material asset which
comply with Notification of the Stock Exchange of Thailand
concerning connected transaction or acquisition and disposal of
material asset as in case may be, the Company and its
subsidiaries shall comply with the securities and exchange laws
including the regulations, notifications, orders and rules of
the Stock Exchange of Thailand and rules relating to disclosure
of information, connected transaction and the Company or the
subsidiaries' acquisition and disposal of material asset."

(10) Approval of the additional of the Article 28-30 to the
Company's Objectives:

Article 28
" For the company and for the off takers for fees, produce,
explore and develop petroleum product, natural gas, coal, and
other energy products, covering upstream and downstream sectors
in both local and oversea areas."

Article 29
"To trade petroleum product, fuel oil, lubricating oil, natural
gas, coal and other energy products, including relating
products, raw material, petroleum products, gas station, oil
tank storage, transportation, pipeline transportation for import
and export."

Article 30
"To be an tender offeror of company's objectives for bidding for
persons, juristic persons, governmental sector in both local and
oversea areas."

It's, therefore, informed for your acknowledgment and
dissemination to the public and other investors.

Sincerely yours,
Sino-Thai Resources Development Plc.
Umyos Huvanandana
Managing Director


SINO THAI: Appoints New Member of Audit Committee
-------------------------------------------------
According to the resolution of the board of directors' meeting
of Sino-Thai Resources PCL held on April 8, 2004, Mr. Saguan
Subanantchai, Independent Directors, was appointed to be a
member of Audit Committee of the company.

In order to comply with the regulation of Stock Exchange of
Thailand, the company would like to submit a name list and
duties of the Audit Committee (Form 24-3) for SET's reference.

Please be informed accordingly.
Sincerely yours,
Umyos Huvanandana
(Mr. Umyos Huvanandana)
Managing Director


THAI DURABLE: Postpones Progress Report on Rehabilitation
---------------------------------------------------------
Whereas, Thai Durable Group PCL has the rehabilitation plan to
solve the grounds for delisting and has to report the progress
of the plan to the Stock Exchange of Thailand (SET) every six
months, the Company would like to inform that it is now
cooperating with its financial advisor in gathering the
information for preparing the progress report of the plan.

The Company anticipates reporting the progress of the
rehabilitation plan to the SET within April 23, 2004.

Please be informed accordingly
With Best Regards,
Authorized Directors
(Mr. Mongkorn Dhanasukanchana) and (Mrs. Phakarat Visudhimark)


TPI POLENE: Releases Operating Results of Q1 2004
-------------------------------------------------
TPI Polene PCL, would like to report on the operating result of
the unreviewed financial statements of the Company for the first
Quarter ended March 31, 2004:

Total consolidated revenues in Q1/2004 totaled THB6,009 million
compared to THB5,004 million in Q1/2003, an increase of 20.08%.

Total consolidated sales in Q1/2004 were at THB5,327 million
compared to THB4,550 million in the same period of the previous
year or increased by 17.08 percent.

Net profit in Q1/2004 significantly increased by 624.53 percent
to THB2,304 million or earning per share of THB3.19 ( comprising
operating profit of THB1,301 million, an increase of 256.20
percent from THB365 million in Q1/2003, gain on foreign
exchanges of THB267 million,  gain on impairment of investment
and assets of THB6 million, share of profits from investment
recorded by the equity method of THB23 million and gain on debt
restructuring of THB707 million) from net profit of THB318
million or earning per share of THB0.64 in Q1/2003. As of March
31, 2004, the book value per share
was THB43.35.

For the first quarter ended March 31, 2004, consolidated EBITDA
increased to approximately THB1,966 million from THB1,355
million in Q1/2003, a substantial increase of 45.12 percent.
This was attributable to an increase of selling price during the
period combined with the lofty demand consumption for cement,
ready-mixed concrete as well as plastic resin, which
consequently led to the substantial growth of the sales revenues
of cement, ready-mixed concrete and plastic resin businesses, in
line with an economic expansion in the country.

Please be informed accordingly.
Best regards,
Mr. Prayad Liewphairatana
President


TUNTEX: SET Details Suspension and Resumption of Trading
--------------------------------------------------------
According to the Stock Exchange of Thailand's (SET)
announcement, the securities of Tuntex (Thailand) PCL (TUNTEX)
is subject to rehabilitate the company. The SET has posted SP
(Suspension) sign to prohibit securities trading of Tuntex since
March 12, 2004 and also transferred the securities of the listed
company to REHABCO sector on March 15, 2004.

The SET also required Tuntex to report to the SET by April 10,
2004 their decisions whether they will proceed with their
rehabilitation plan under the Bankruptcy Act, or ask for a
voluntary delisting, or try other options which will benefit to
all stakeholders involved, The SET will allow trading of the
listed company on April 12, 2004 to May 11, 2004 and after that
the SET will suspend the securities of Tuntex again on May 12,
2004 until such listed company will not be delisted.

Details of the SET announcement are disseminated in the SETSMART
on March 11, 2004.

The SET has considered Tuntex's decisions submitted to the SET
(details are in the SETSMART on April 7 and 9, 2004) and will
proceed as stated:

(1) Allow trading of Tuntex's securities, under the REHABCO
sector from April 12, 2004 to May 11, 2004. According to Clause
24 (3) and (6) of the regulations on the Stock Exchange of
Thailand Re:  Trading, Clearing and Settlement of Securities in
the Stock Exchange (No. 2) 1999, the daily price limits on the
main board on April 12, 2004 will be 100 percent of their last
trading.

(2) Post an SP sign to prohibit further trading of Tuntex
securities, since May 12, 2004 until the causes of delisting are
eliminated or the companies will request for trading under the
REHABCO sector. By virtue of Clause 5 (5) of the SET's rules,
Conditions and Procedure of the Temporary Prohibition against
Trading of Listed Securities dated on 9 February 1995. The
planner and plan administrator appointed by the Central
Bankruptcy Court have to report to the SET every six months
their progress until the causes of delisting are eliminated.

The SET would like Tuntex's shareholders and general investors
to follow up the progress company.


* BOND PRICING: For The Week 12 April - 16 April 2004
-----------------------------------------------------

Issues                                Coupon   Maturity  Price
------                               ------   --------  -----



AUSTRALIA
---------

Advantage Group                      10.000%     4/15/06    1
Amcom Telecommunications Ltd         10.000%    10/28/07    2
APN News & Media Ltd                  7.250%    10/31/08    4
Australia Commonwealth Govt. Loans    3.000%     7/29/49   62
Australian Food & Fibre Ltd.          4.000%     12/4/08   10
Bendigo Bank Ltd                      8.000%     5/29/49   11
BIL Finance Ltd                       8.000%    10/15/07    9
BIL Finance Ltd                       8.250%    10/15/04    9
BIL Finance Ltd                       8.750%    10/15/04    9
BIL Finance Ltd                       8.750%    10/15/05    9
BIL Finance Ltd                       9.000%    10/15/04    9
BIL Finance Ltd                       9.250%    10/15/06    9
BIL Finance Ltd                      10.000%    10/15/04    9
Capital Properties NZ Ltd             8.500%     4/15/05    7
Capital Properties NZ Ltd             8.500%     4/15/07    8
Capital Properties NZ Ltd             8.500%     4/15/09    9
Consolidated Minerals Ltd            11.250%     3/31/05    1
Djerriwarrh Investments Ltd           7.500%     9/30/04    4
Evans & Tate Ltd                      8.250%    10/29/07    1
Fletcher Building Ltd                 7.800%     3/15/09    8
Fletcher Building Ltd                 7.900%    10/31/06    8
Fletcher Building Ltd                 8.500%     4/15/04    7
Fletcher Building Ltd                 8.600%     3/15/08    7
Fletcher Building Ltd                 8.750%     3/15/06    7
Fletcher Building Ltd                 8.850%     3/15/10    8
Fletcher Building Ltd                10.500%     4/30/05    7
Feltex Carpets Ltd                   10.250%     9/15/08    1
Fernz Corp Ltd                        8.560%    10/15/06    7
Futuris Corporation Ltd               7.000%    12/31/07    2
Garratts Ltd                         12.000%    12/31/03    1
Gympie Gold Ltd                       8.500%     9/30/07    1
Hy-Fi Securities Ltd                  7.000%     8/15/08    8
Hy-Fi Securities Ltd                  8.750%     8/15/08   12
Hutchison Telecoms Australia          5.500%     7/12/07    1
Infrastructure and Utility            8.500%     9/15/13    8
JB Were Capital Markets Ltd           8.750%    12/31/03   29
Macquarie Bank Ltd                    1.800%     8/15/15   66
New South Wales Treasury Corporation  0.500%     2/16/10   73
NPT Capital Ltd                       9.500%    11/30/04    9
Nuplex Industries Ltd                 9.300%     9/15/07    7
Pacific Retail Finance                9.250%     9/15/07   10
Port Douglas Reef Resorts Limited     9.000%      4/1/04    1
Powerco Ltd                           8.150%      9/1/07    6
Powerco Ltd                           8.400%     5/22/07    7
Queensland Treasury Corporation       0.500%     5/19/10   73
Richmond Ltd                         10.750%    12/15/04   10

Salomon Smith Barney Australia        4.250%       2/1/09     8
Sapphire Securities                   9.250%     12/20/06     9
Sky Network Television Ltd            9.300%     10/29/49     7
Straits Resources Ltd                10.000%     12/31/03     1
Strathfield Group Ltd                11.000%     12/31/05     1
Tower Finance Ltd                     8.750%     10/15/07     8
TrustPower Ltd                        8.300%      9/15/07     7
TrustPower Ltd                        8.500%      9/15/12     8
Vision Systems Ltd                    9.000%     12/15/08     2


CHINA & HONG KONG
-----------------

China Government Bond                  2.900%      5/24/32   70
Teco Electric & Machinery Co Ltd       2.750%      4/15/04   75


KOREA
-----

Korea Electric Power Corporation       7.950%       4/1/96   63
Kolon Industries Inc                   0.250%     12/31/04   52


MALAYSIA
--------

Alliance Bank Bhd                      7.750%      12/4/08    5
Asian Pac Holdings Bhd                 4.000%     12/22/05    1
Artwright Holdings Bhd                 5.500%      3/05/07    1
Arus Murni Corporation Bhd             0.500%      8/24/06    1
Berjaya Group Bhd                      5.000%     10/17/09    1
Berjaya Land Bhd                       5.000%     12/30/09    1
Berjaya Sports Toto Bhd                8.000%      8/04/12    4
Camerlin Group Bhd                     5.500%      7/15/07    1
Crescendo Corporation Bhd              3.000%      8/25/07    1
Crest Builder Holdings Bhd             1.000%      2/25/08    1
Crest Builder Holdings Bhd             3.000%      2/25/06    1
Dataprep Holdings Bhd                  4.000%       8/5/05    1
Dataprep Holdings Bhd                  4.000%       8/6/07    1
Denko Industrial Bhd                   5.000%      3/15/07    1
Eden Enterprises (M) Bhd               2.500%      12/2/07    1
Eox Group Bhd                          4.000%      1/10/06    2
Equine Capital Bhd                     3.000%      8/26/08    1
Fountain View Development Sdn Bhd      3.500%      11/3/06    6
Furqan Business Organization           2.000%     12/19/05    1
Gadang Holdings Bhd                    3.000%     10/21/07    1
Gadang Holdings Bhd                    2.000%     12/24/08    1
Grand Central Enterprises Bhd          5.000%      2/17/05    1
Greatpac Holdings Bhd                  2.000%     12/11/08    2
Gula Perak Bhd                         6.000%      4/23/08    1
Halim Mazmin Bhd                       8.000%      6/30/04    3
Hong Leong Industries Bhd              4.000%      6/28/07    1
I-Bhd                                  5.000%      4/30/07    1
Insas Bhd                              8.000%      4/19/09    1

Integrax Bhd                           3.000%      12/24/05   1
Kretam Holdings Bhd                    1.000%       8/10/10   1
Kumpulan Emas Bhd                      7.000%      11/15/04   1
Kumpulan Jetson                        5.000%      11/28/12   1
Lebar Daun Bhd                         2.000%        1/6/07   3
LBS Bina Group Bhd                     4.000%      12/31/06   2
LBS Bina Group Bhd                     4.000%      12/31/07   2
LBS Bina Group Bhd                     4.000%      12/31/08   1
Lingkaran Trans Kota Holdings          7.150%      10/23/10  10
Media Prima Bhd                        2.000%       7/18/08   1
Mutiara Goodyear Development Bhd       2.500%       1/15/07   1
MWE Holdings                           5.500%       10/7/04   1
NAM Fatt Corporation Bhd               2.000%       6/24/11   1
Orlando Holdings Bhd                   3.000%       3/16/05   1
OSK Holdings Bhd                       3.500%        3/1/05   1
OSK Holdings Bhd                       6.000%        3/1/05   1
Pahlawan Power                         5.150%       1/31/05  10
Pantai Holdings                        5.000%       3/28/07   1
Patimas Computer Bhd                   6.000%       2/19/06   1
Poh Kong Holdings                      3.000%       1/20/07   1
Prinsiptek Corporation Bhd             2.000%      11/20/06   1
Puncak Niaga Holdings Bhd              2.500%      11/20/16   1
POS Malaysia & Services Holdings Bhd   8.000%      11/26/04   1
Orlando Holdings Bhd                   3.000%       3/16/05   1
Rashid Hussain Bhd                     0.500%      12/23/12   1
Rashid Hussain Bhd                     3.000%      12/23/12   1
Rhythm Consolidated Bhd                5.000%      12/17/08   1
Silver Group Bhd                       1.000%       2/15/09   1
Southern Steel Bhd                     5.500%       7/31/08   2
Tanah Emas Corporation Bhd             2.000%       12/9/06   1
Talam Corporation Bhd                  7.000%       7/19/05   1
Talam Corporation Bhd                  7.000%       4/19/06   1
Tap Resources Bhd                      2.000%       6/29/06   1
Time Engineering Bhd                   2.000%      12/25/05   1
VTI Vintage Bhd                        4.000%       8/22/06   2
Wah Seong Corporation Bhd              3.000%       5/21/12   3
Yu Neh Huat Bhd                        3.000%        9/2/08   1


PHILIPPINES
-----------

Bacnotan Consolidated Industries, Inc.  5.500%      6/21/04  46
Benpres Holdings Corp.       7.875%     12/19/02  55

SINGAPORE
---------

CSC Holdings Ltd                       6.500%      4/27/05    1
Housing and Dev. Board                 3.875%      2/11/04    1
Rabobank Singapore                     1.000%      1/15/13   71
Tampines Assets Ltd                    5.625%      12/7/06    1
Tampines Assets Ltd                    6.000%      12/7/06    1
Tincel Ltd                             5.000%      6/13/11    1
Tincel Ltd                             7.400%      6/13/11    1



THAILAND
--------

Bank of Asia PCL                         3.750%     2/9/04   64
Bangkok Bank                             4.589%     3/3/04   64
Bangkok Land                             3.125%    3/31/01   15
Bangkok Land                             4.500%   10/13/03   15
Siam Commercial Bank PCL                 3.250%    1/24/04   64


                            *********


S U B S C R I P T I O N  I N F O R M A T I O N

Troubled Company Reporter -- Asia Pacific is a daily newsletter
co-published by Bankruptcy Creditors' Service, Inc., Trenton, NJ
USA, and Beard Group, Inc., Frederick, Maryland USA. Lyndsey
Resnick, Ma. Cristina Pernites-Lao, Faith Marie Bacatan,
Editors.

Copyright 2004.  All rights reserved.  ISSN: 1520-9482.

This material is copyrighted and any commercial use, resale or
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                 *** End of Transmission ***