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        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

            Thursday, April 15, 2004, Vol. 7, No. 74

                            Headlines

A U S T R A L I A

AUSTRALIAN GAS: Fitch Affirms Ratings on Loy Yang A Acquisition
MAYNE GROUP: Relocation of Headquarters Merely a Speculation
NATIONAL AUSTRALIA: Broker Awaits Interim Result
NOVUS PETROLEUM: Shareholders Given More Time to Decide
WOODSIDE PETROLEUM: To Proceed With Timor Sea Project


C H I N A  &  H O N G  K O N G

CHINA LIFE: SFC Issues Statement Re Newspaper Reports
FAR EAST: Enters Winding up Proceedings
JINHUI HOLDINGS: AGM Set June 21
NEW WORLD: Unveils Results of Rights Issue


I N D O N E S I A

ASTRA INTERNATIONAL: To Increase Stake in Unit
INDOFARMA: Reports Rp115B Net Loss

* BANK INDONESIA: Pulls Licenses of Two Banks


J A P A N

FUJITSU LIMITED: Plans Self-checkout Retail Entry
MITSUBISHI FUSO: Offers Out of Court Settlement in Lawsuit
MITSUBISHI MOTORS: Seeks Approval to Issue New Shares
MITSUBISHI MOTORS: Names New Non-Executive Board Member
MOVIE TELEVISION: Softbank Unit Eyes Takeover

SHOWA DENKO: JV Firm Starts Up New Ethyl Acetate Plant
SOFTBANK CORPORATION: Ministry Issues Warning Over Data Leakage
TOBU RAILWAY: R&I Assigns BBB- Rating
TOSHIBA CORPORATION: Ups Chips Plant Investment to JPY270B

* Japan's March Company Bankruptcies Fall 15% From Year Earlier


K O R E A

HYNIX SEMICONDUCTOR: Drops Plan to Sell Assets to Citigroup
LG CARD: Resumes Cash Advance Services


M A L A Y S I A

ANSON PERDANA: Winding up Petition Served on Prodeal Unit
ANTAH HOLDINGS: Issues Correction To Litigation Update
BERJAYA SPORTS: Listing and Quotation of New Shares
LANKHORST BERHAD: Answers KLSE Query Re Winding Up
MALAYSIA AIRLINES: Opening Of Low Cost Route Timely

MITHRIL BERHAD: Shares Start Trading
OMEGA HOLDINGS: Issues a Notice of Book Closure
PAN MALAYSIA: Listing and Quotation of Privately Listed Shares
POS MALAYSIA: Listing of Newly Converted Shares
PROTON: Resumes Trading

PROTON: Proton Holdings Officially Listed
PROTON: Foreign Partner Wanted
RHB CAPITAL: Issues Second Interim Dividends
TAJO BERHAD: Delisting of Tajo and Admission of Mithril
TRONOH MINES: Reclassified To Construction Sector


P H I L I P P I N E S

ABS-CBN BROADCASTING: To Pay PhP2.1B Worth of Maturing Debts
MAYNILAD WATER: Government Take-Over Faces Another Set Back
PHILIPPINE LONG: Clarifies News Article


S I N G A P O R E

AIROCEAN GROUP: Receives Court Summons
AVARI PTE: Issues Winding up Order Notice
CHINA CHONGQING: Releases Winding up Order Notice
FALCON PILING: Issues Debt Claim Notice to Creditors
HONG LEONG: Issues Correction Re 43rd AGM Date

KOBE LEADFRAME: Unveils April 2 EGM Resolutions
KOBE LEADFRAME: Creditors Must Submit Claims by May 8
MG LOGIC: Releases Preferential Dividend Notice
SINGAPORE TELECOMMUNICATIONS: Not Bidding For Pakistan License
UNITED ENGINEERS: Announces a Change in Interest

WINTERVALE LTD: Court Sets Petition Hearing Date


T H A I L A N D

M.D.X: SET Allows Securities Listing

     -  -  -  -  -  -  -  -

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


AUSTRALIAN GAS: Fitch Affirms Ratings on Loy Yang A Acquisition
---------------------------------------------------------------
Fitch Ratings, the international rating agency, affirmed on
Thursday, The Australian Gas Light Company's Senior Unsecured
rating at `A' and Short-term rating at `F1', following its
acquisition of a minority interest in Loy Yang A. The Outlook is
Stable. Loy Yang A, which is a nominal 2,000MW brown coal-fired
power station, is one of AGL's main electricity suppliers in
Victoria, Australia.

The Great Energy Alliance Corporation (GEAC), in which AGL holds
a 32.5 percent interest, completed an agreement to acquire Loy
Yang A from embattled former owners, Horizon Energy Investment
Group, CMS Generation Co., and NRG Energy Inc. (together "Loy
Yang partners") for AUD3.48B, including assumption of AUD2.98bn
of debt. The GEAC consortium is investing AUD621M, of which
AUD143M has been paid to the Loy Yang partners and AUD40M to the
Victorian government for stamp duty payments.

The equity will also be used for adjusting the structure of
interest rate swaps. In completing the sale agreement, Loy Yang
lenders have approved the restructuring of the AUD3B non-
recourse debt. The refinancing is expected to lower the
effective interest rate, reduce Loy Yang A's intermediate
refinancing risk, increase its financial flexibility and improve
long-term operational and financial security - an important
issue for AGL, given its large counterparty exposure to Loy Yang
A.

AGL's initial investment of around AUD210M (including
capitalized transaction costs) is expected to have minimal
impact on the Group's leverage and financial flexibility. It is
possible that in the event of further financial distress, AGL
may be required to provide additional support to Loy Yang A,
even though the Loy Yang A debt is non-recourse to GEAC.
However, the successful restructuring of Loy Yang's debt has
reduced AGL's financial risk in this regard. Nevertheless, Fitch
notes that Loy Yang A, after all cash disbursements, will still
remain very highly leveraged, with an estimated total debt-to-
capitalization (total debt-plus-equity) ratio of around 88%. In
addition, Loy Yang A is currently experiencing tough trading
conditions, due to the current subdued wholesale pool prices in
Australia.

The transaction also provides protection to AGL's ongoing hedge
contract with Loy Yang A. As detailed in the Federal Court of
Australia judgement, AGL currently has a long-term swap contract
with Loy Yang A known as the `Deemed Profile Hedging Agreement'
("DPHA"). The DPHA provides partial hedge cover in respect of
AGL's Victorian mass-market customer load - in fact, the
customer load covered by the DPHA represents approximately 45
percent of AGL's total Victorian peak demand. The DPHA is based
on set strike prices, adjusted for market conditions, and
provides for a flexible mechanism for determining volume. If Loy
Yang A had been put into receivership, the status of the DPHA
would have become uncertain and AGL could have suddenly become
exposed to pool price volatility in Victoria. By stabilizing Loy
Yang A's financial condition, the GEAC acquisition effectively
resolves the substantial counterparty risk that AGL had faced.

The acquisition will also help AGL secure longer-term growth and
earnings diversification; attractive off-take arrangements into
the long-term, given that Loy Yang A is the lowest cost producer
in the National Electricity Market; and take advantage of future
brownfield expansions at the Loy Yang power station site, among
other benefits.

Fitch's ratings for AGL were initiated by the agency as a
service to users of its ratings and are based on publicly
available information. For further details on the analysis,
please see Comment `Fitch Comments on AGL's Acquisition of Loy
Yang A', which is available on the Fitch website.

Contact:
Carolyn Martin or James Reynolds, Brisbane, Tel: +61 7 3222 8611


MAYNE GROUP: Relocation of Headquarters Merely a Speculation
------------------------------------------------------------
Speculations of Mayne Group moving its headquarters to the
United States is not on the company's agenda at this stage, The
Age reports citing a Mayne spokesman.

The Sydney Morning Herald quoted Stuart James, chief executive
of the Melbourne-based healthcare group as saying that an
expansion of the company's pharmaceuticals division made such a
move more likely.

Mr. James said a possible move was "constantly on the board's
mind," adding that Australia was a mature market while growth
for Mayne will come out of the U.S. and Europe.

Mayne is expected to make a decision soon on the sale of its
Australian drug distribution business.

Last month, the company announced the $US100 million acquisition
of a collection of injectable drugs in the US.

Contact:  Mayne Group Ltd.
          Level 21, 390 St Kilda Road,
          MELBOURNE, VICTORIA, AUSTRALIA, 3004
          Head Office Telephone: (03) 9868 0700
          Head Office Fax: (03) 9868 0757
          Website: http://www.maynegroup.com


NATIONAL AUSTRALIA: Broker Awaits Interim Result
------------------------------------------------
Leading broker Goldman Sachs JBWere said it is still too early
to buy shares in National Australia Bank.  The broking house
awaits the banks interim result next month, The Courier-Mail
newspaper reports.

"We would not be buying NAB ahead of the interim result with the
level of uncertainty over future earnings likely to inhibit
NAB's ability to outperform in the near term," the broker said.

The $360 million rogue trading scandal contributes to the banks
underperformance relative to its peers, Goldman Sachs said.

The broker added it was maintaining a long-term hold
recommendation on NAB.


NOVUS PETROLEUM: Shareholders Given More Time to Decide
-------------------------------------------------------
Bidders for Novus Petroleum Ltd. have extended their deadlines
for shareholders to take up their offers. The first bidder to
extend the deadline is PT Medco Energi Internasional Tbk of
Indondesia, which sets their deadline on April 27, five days
after rival bidder Sunov Petroleum bid was due to expire, The
Age newspaper reports.

Medco's bid for Novus' ordinary shares is $1.74 a share, or $326
million, while Sunov raised an offer of $1.77 a share, or $328
which is set to expire on April 22, 2004.  Sunov is the bid
vehicle of Crosby Capital Partners and Novus' managing director
Bob Williams.

However, just hours after the Medco extension was announced,
Sunov too extended its offer period - this time until 1800 AEST
on May 20, 2004.

Contact:  Novus Petroleum Ltd.
          Level 9 , 321 Kent Street ,
          SYDNEY , NSW, AUSTRALIA, 2000
          Head Office Telephone: (02) 9299 4888
          Head Office Fax: (02) 9299 4077
          Website: http://www.novuspetroleum.com/


WOODSIDE PETROLEUM: To Proceed With Timor Sea Project
-----------------------------------------------------
Ratification of a boarder treaty between East Timorese
Parliament and Australia will make Woodside Petroleum proceed
with a multi-billion dollar Timor Sea gas project, The
Australian reports.

On Wednesday, East Timorese Prime Minister Mari Alkatiri did not
ratify the boarder treaty known as an International Unitization
Agreement (IUA), which would have paved way for a $7 billion
Greater Sunrise joint venture.

The East Timorese are unhappy that under the terms of the
agreement they would receive only 18 per cent of the revenues
from the oilfield, while Australia would get 82 per cent.

"The ratification of the IUA is a necessary pre-requisite for
continuing with the plan," he said.

"We can't progress the level of expenditure required without
both the legal and fiscal security that the IUA would deliver."

The Australian Parliament ratified the agreement last month. The
second round of official talks on the boundary is scheduled to
begin in Dili on Monday.

The Greater Sunrise project, 550km northwest of Darwin in the
Timor Sea, is expected to generate at least $10 billion in
revenue.  East Timor regards the project as a financial lifeline
that could lessen the nation's dependence on international aid.

Woodside is the lead partner in the Greater Sunrise Joint
Venture, which also includes ConocoPhillips, Shell and Osaka
Gas.

Contact:  Woodside Petroleum Ltd. (OTC: WOPEY)
          No. 1 Adelaide Terrace
          Perth, 6000, Australia
          Phone: +61-8-9348-4444
          Fax: +61-8-9348-4142
          http://www.woodside.com.au


==============================
C H I N A  &  H O N G  K O N G
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CHINA LIFE: SFC Issues Statement Re Newspaper Reports
-----------------------------------------------------
The Securities and Futures Commission (SFC) published a report
on errors in newspaper announcements relating to the Allotment
results of the Initial Public Offering of the shares in China
Life Insurance Company Limited.

The report concerns errors in the 17 December 2003 newspaper
announcements of the allotment results of the Initial Public
Offering (IPO) of shares in China Life.  It describes the events
leading up to the discovery of the errors and how the incident
was resolved.  It examines the nature and scope of the errors
and how they occurred, identifies issues and explores the way
forward, including making certain recommendations to improve the
IPO process.

The SFC finds that the error occurred in the process of
reformatting the raw data by the financial printer. The SFC
believes that the printing problem and the ancillary errors may
have been avoided if better software had been used by the
printer and a more rigorous review and reconciliation process
had been in place.

In assessing the overall arrangement of the China Life IPO by
the listing sponsors, the SFC considers that it was reasonable
for them to rely on the printer and their legal advisers to
compile accurately the data content of the allotment
announcement.

It was not reasonably foreseeable, having regard to the reliance
placed by the sponsors on other professionals, that there might
be a significant error by the printer in compiling the allotment
results announcement. The errors were corrected and adequate
remedial measures were put in place by the sponsors prior to the
start of trading of China Life shares in Hong Kong. Overall, the
SFC considers that no disciplinary action against the sponsors
is required.

To reduce the risk of similar mistakes occurring in future, the
Report makes certain recommendations, which include:

Share registrars should produce data formats that allow for the
checking of data at every stage. This will enable reconciliation
of data to be efficiently carried out.

Sponsors should provide clear contact information of clearly
specified responsible senior staff that is in a position to act
quickly and decisively if problems arise in an IPO process.

Sponsors are reminded to put in place sufficient arrangements
and adequate resources to ensure that their public offers and
all ancillary matters are conducted in a fair, timely and
orderly manner, especially when the responsibility of preparing
and finalizing documents or announcements with a large amount of
numeric data content is delegated to other parties.

Sponsors should consider arranging the manning of a hotline to
answer queries throughout the IPO process.

The option of expanding eIPO services in future IPOs should be
explored to make the IPO process more efficient and less
manually intensive for larger IPOs.

Sponsors should be encouraged to explore possible solutions for
more channels to disseminate IPO results including through
telephone hotlines and the Internet (e.g. websites of the
issuer, the sponsor or other parties).

The SFC will increase its efforts to enhance investor awareness
and education on various aspects and logistics throughout an IPO
process.

The SFC will continue to discuss with market experts on ways to
improve the IPO process.

For a copy of the SFC report, go to
http://bankrupt.com/misc/tcrap_chinalife.pdf


Milberg Weiss (http://www.milberg.com/cases/chinalife/)last
month announced that a class action has been commenced in the
United States District Court for the Southern District of New
York on behalf of purchasers of China Life Insurance Company
Limited (China Life) (NYSE:LFC) publicly traded securities
during the period between December 22, 2003 and February 3, 2004
(the Class Period), according to TCR-AP.

The complaint charges China Life and certain of its officers and
directors with violations of the Securities Exchange Act of
1934. China Life is a life insurance company in China. The
Company sells its products through an extensive distribution
network of exclusive agents; direct sales representatives and
dedicated and non-dedicated agencies throughout China.

According to the complaint, China Life has existed in its
current form since June 2003, when it was formed to cherry-pick
healthier policies from its parent company, China Life Insurance
Company. Following the Company's road show in New York just
prior to the IPO, China Life's IPO was about 25 times
oversubscribed and triggered the sort of frenzy that was
reminiscent of the Internet bubble. The IPO was priced at $18.68
on December 16, 2003.


FAR EAST: Enters Winding up Proceedings
---------------------------------------
A winding up proceeding has been commenced in the High Court of
Hong Kong on behalf of Far East Gateway Limited (In Compulsory
Liquidation).

Company's Registered Office: 8/F., Pico Tower, 66 Gloucester
Road, Wanchai, Hong Kong

Joint and Several Liquidators: Mr. Ng Kwok Wai and Mr. David Nip
of Messrs Professional Management Consultants Limited

Liquidators' Address: Room 701, 7th Floor Union Park Centre 771
Nathan Road Mongkok, Kowloon.

Members of a Committee of Inspection:

(i)   China Netcom Corporation Limited
(ii)  Far East Gateway International Limited
(iii) Hady Hartanto
(iv)  Sri Tjintawati Hartanto
(v)   China Netcom (Hong Kong) Operations Limited

Ng Kwok Wai
David Nip
Joint and Several Liquidators

The Quamnet Gazette announcement is dated 14 April 2004


JINHUI HOLDINGS: AGM Set June 21
--------------------------------
Notice is hereby given that the Annual General Meeting (AGM) of
Jinhui Holdings Company Limited will be held at Caine Room,
Level 7, Conrad Hong Kong, Pacific Place, 88 Queensway, Hong
Kong on 21 June 2004 at 9:30 a.m. for the following purposes:

1. To receive and consider the Financial Statements and the
Reports of the Directors and Auditors for the year ended 31
December 2003.

2. To re-elect Directors and fix their remuneration.

3. To re-appoint Messrs. Moores Rowland Mazars as Auditors for
the ensuing year and authorize the Directors to fix their
remuneration.

4. To consider and, if thought fit, to pass, with or without
amendments, the following resolution as an Ordinary Resolution.

Jinhui Holdings Company Limited booked a net profit of HK$36.676
million for 2003, compared with a net loss of $62.339 million a
year earlier, TCR-AP reported recently. No final dividend was
declared.


NEW WORLD: Unveils Results of Rights Issue
------------------------------------------
The Directors of New World Development Company Limited announced
that the Rights Issue became unconditional at 5 p.m. on 8 April
2004. The Company has received valid acceptances for a total of
972,012,486 Rights Shares provisionally allotted under the
Rights Issue and valid applications for a total of 225,088,030
excess Rights Shares.

In a disclosure to the Stock Exchange of Hong Kong Limited, the
Rights Issue was approximately 121.19% subscribed, of which
approximately 98.40% were subscribed under the provisional
allotments of Rights Shares and approximately 22.79% were
subscribed under the excess applications for the Rights Shares.
Such acceptances include 348,314,353 Rights Shares taken up and
paid for by the Major Shareholder and the Major Shareholder's
Subsidiaries pursuant to their entitlements under the Rights
Issue, which represent approximately 35.26% of the total Rights
Shares subscribed.

RESULTS OF THE RIGHTS ISSUE

The Directors announce that all the conditions set out in the
underwriting Agreement have been fulfilled and the Underwriting
Agreement has not been terminated in accordance with its terms
or otherwise. The Rights Issue became unconditional at 5 p.m. on
8 April 2004. Valid acceptances of Rights Shares provisionally
allotted under the Rights Issue have been received for a total
of 972,012,486 Rights Shares and valid applications for excess
Rights Shares have been received for a total of 225,088,030
Rights Shares.

Such acceptances and applications include:

i)  623,698,133 Rights Shares accepted and paid for by the
Qualifying Shareholders (other than the Major Shareholder and
the Major Shareholder's Subsidiaries) and 225,088,030 excess
Rights Shares applied for; and

ii) 348,314,353 Rights Shares taken up and paid for by the Major
Shareholder and the Major Shareholder's Subsidiaries pursuant to
their entitlements under the Rights Issue.

The Rights Shares taken up and paid for by the Major Shareholder
and the Major Shareholder's Subsidiaries represent the number of
Shares, which the Major Shareholder had irrevocably undertaken
to accept or procure the Major Shareholder's Subsidiaries to
accept pursuant to the Underwriting Agreement.

Based on the subscription results of the Rights Issue as
referred to above, the aggregate number of the Rights Shares
accepted and applied for represents approximately 121.19 percent
of the total number of Rights Shares available under the Rights
Issue. The aggregate number of Rights Shares accepted and
applied for by the Major Shareholder and the Major Shareholder's
Subsidiaries represents approximately 35.26 percent of the total
Rights Shares subscribed. The Major Shareholder has confirmed
that neither it nor any of its subsidiaries have applied for any
excess Rights Shares.

Accordingly, the aggregate shareholding of the Major Shareholder
and the Major Shareholder's Subsidiaries in the Company remains
unchanged at approximately 35.26 percent of the issued share
capital of the Company as enlarged by the Rights Issue.

As the Rights Issue is over-subscribed, the Underwriters have
not been called upon to subscribe for any Rights Shares under
the Underwriting Agreement.


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


ASTRA INTERNATIONAL: To Increase Stake in Unit
----------------------------------------------
PT Astra International said on Wednesday it plans to increase
its stake in crude palm oil producer unit PT Astra Agro Lestari
by 70 percent from the previous 63 percent, Dow Jones reports.

The additional stake comes from unlisted PT Pandu Dian Pertiwi,
which owns a seven percent stake in Astra Agro.

The automotive company said the purchase of the stake, which is
worth $50 million, is in accordance with an agreement with Pandu
Dian that was signed in late 2000.

"We are now ready to increase the stake in Astra Agro, if Pandu
Dian is willing to sell," an official with Astra International
said, adding the company expects the purchase to be completed by
June.

Astra International's additional stake in its unit is beneficial
to the automotive company for it will receive higher investment
gains from dividends.


INDOFARMA: Reports Rp115B Net Loss
----------------------------------
PT Indofarma's 2003 net loss ballooned to Rp115 billion (US$13.5
million), compared to Rp68 billion previously shown in the
company's unaudited financial report, according to Asia Pulse.

The loss swelled after the management wrote off outdated medical
instruments and medicines, Ferdinand Nainggolan, deputy at the
office of the state minister for state enterprises, said on
Tuesday.

R. Fitri Murniawaty, a pharmaceutical share analyst, said the
net should be larger as the write-off was valued at Rp77.91
billion.  Mr. Nainggolan, however, said he could not yet
estimate the value of the write-off.


* BANK INDONESIA: Pulls Licenses of Two Banks
---------------------------------------------
PT Bank Asiatic and PT Bank Dagang's business permit were
revoked on Thursday because of "solvability and liquidity
problems" that caused their capital adequacy ratios to fall
below the minimum level of 8 percent, according to the
Indoexchange.

Announcing the decision to close the two banks at a press
conference, Bank Indonesia Governor Burhanuddin Abdullah said
the action was the "last resort" after other measures to save
the banks had failed.

"The two banks had been receiving guidance and assistance from
Bank Indonesia for a long time, but they failed to make any
progress and their condition deteriorated irreversibly," BI
Senior Deputy Governor Anwar Nasution said, according to Antara.

Mr. Nasution said the root of the problem involved the deposit
of BDB funds in Bank Asiatic by a son-in-law of Bank Asiatic's
owner who was also on the BDB management team.

Bank Asiatic was found to have performed fictitious
transactions, he added.


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


FUJITSU LIMITED: Plans Self-checkout Retail Entry
-------------------------------------------------
Fujitsu Limited plans to enter the self-checkout system business
for retailers with the acquisition of a unit of Canadian company
Optimal Group Inc., Kyodo News reports.

Fujitsu said its U.S. unit Fujitsu Transaction Solutions Inc.
has completed the acquisition of Montreal-based Optimal Robotics
Corporation, a provider of self-checkout systems to retailers,
for $35 million.

Meanwhile, according to Japan Times, the move is part of
Fujitsu's efforts to better compete with two U.S. companies --
IBM Corp. and NCR Corporation, which are leading in the rapidly
expanding self-checkout system market.

Fujitsu's balance sheet has been weakened by losses of over $1
billion in each of the last two business years, TCR-AP reported
recently. It forecasts a profit of 30 billion yen this business
year.


MITSUBISHI FUSO: Offers Out of Court Settlement in Lawsuit
----------------------------------------------------------
Mitsubishi Fuso Truck and Bus Corporation has offered to settle
out of court a 165 million yen ($US1.57 million) lawsuit brought
by a woman whose daughter was killed by a wheel that flew off a
Mitsubishi truck, according to Reuters.

The offer followed an announcement last month that it was
recalling 112,000 trucks and other heavy vehicles because of
what it described as a design flaw that could cause their wheel
hubs to crack.

The spokesman, who declined to be named, said both sides'
lawyers would meet soon to discuss the amount of the settlement
and other details.

Mitsubishi Fuso is 43 percent owned by DaimlerChrysler AG of
Germany.


MITSUBISHI MOTORS: Seeks Approval to Issue New Shares
-----------------------------------------------------
Mitsubishi Motors Corporation will seek shareholders' approval
to issue and sell as many as 5.93 billion shares, four times the
number now outstanding, to raise money as part of its revival
plan, according to Bloomberg News.

The amount will include as many as 3.5 million preferred shares
while the rest will be common shares, the Tokyo-based automaker
said in a statement issued via the Tokyo Stock Exchange.

Mitsubishi group executives who declined to be identified said
this week that the automaker would seek clearance on April 30 to
issue as many as 5.93 billion new shares.


MITSUBISHI MOTORS: Names New Non-Executive Board Member
-------------------------------------------------------
Mitsubishi Motors Corporation (MMC), in a press release,
announced that its Board of Directors has nominated Dr. Eckhard
Cordes as a member of the board. Cordes, whose nomination is
subject to approval at an extraordinary shareholders' meeting on
April 30, will join as a non-executive member of the board.

Cordes, 53, is currently a member of DaimlerChrysler's Board of
Management and is responsible for the Commercial Vehicle
Division.

ECKHARD CORDES

Sep. 1976: Joined Daimler-Benz AG

Nov. 1998: Board of Management Member, DaimlerChrysler AG
(Responsible for Corporate Development, IT Management,
MTU/Diesel Engines and TEMIC)

Jan. 2000: Board of Management Member, DaimlerChrysler AG
(Responsible for Corporate Development and IT Management)

Nov. 2000: Board of Management Member, DaimlerChrysler AG
(Responsible for Commercial Vehicles)

Jan. 2003: Board of Directors Member, Mitsubishi Fuso Truck and
Bus Corporation

REPRESENTATION OF OTHER COMPANIES

Chairman of the Board, DaimlerChrysler (China) Ltd.

Chairman of the Board, DaimlerChrysler Australia/Pacific (Pty)
Ltd.

Chairman of the Board, DaimlerChrysler South East Asia Pte. Ltd.

Chairman of the Board, Detroit Diesel Corporation

Chairman of the Board, Freightliner LLC


MOVIE TELEVISION: Softbank Unit Eyes Takeover
---------------------------------------------
Softbank Broadmedia Corporation, a unit of Softbank Corporation,
plans to purchase Movie Television Inc., a movie broadcasting
rights broker in court-led rehabilitation proceedings, for
several billion yen.

According to Bloomberg News, the Tokyo-based distributor, which
provides TV dramas such as Chicago Hope, has filed for
bankruptcy protection with 38 billion yen ($355 million) of
debt.


SHOWA DENKO: JV Firm Starts Up New Ethyl Acetate Plant
------------------------------------------------------
Japan Ethyl Acetate Co., Ltd., a joint venture established by
Showa Denko K.K. (SDK) and Kyowa Hakko Kogyo Co., Ltd., held a
ceremony on Tuesday at SDK's Oita Petrochemical Complex and
celebrated the smooth start-up of the JV's new 100,000-ton-a-
year ethyl acetate plant.

According to Japan Corporate News, the demand for ethyl acetate
has been increasing in Japan and other Asian countries for use
as environment-friendly solvent, contributing to the improvement
of printing and painting work conditions. Ethyl acetate is
therefore expected to replace such aromatics as toluene and
xylene.

Under the circumstances, SDK and Kyowa Hakko are strengthening
their ethyl acetate businesses through a joint venture
operation. Specifically, the JV has built its ethyl acetate
plant by converting an acetic acid plant (acetaldehyde process)
in Oita suspended in the summer of 2001. This ensures the
production of ethyl acetate at a low capital-cost, highly
competitive, world-scale plant.

At Tuesday's ceremony attended by approximately 80 people,
Presidents of the two parent companies gave speeches. Mitsuo
Ohashi, President and CEO of SDK, commented: "Ethyl acetate is
an essential part of SDK's petrochemical business. Since smooth
operation of this new plant will pave the way for further
expansion of the ethyl acetate business, SDK will fully support
the new company through close cooperation with Kyowa Hakko. We
look forward to continued support from the prefectural and
municipal governments of Oita and residents of this community."

Meanwhile, Yuzuru Matsuda, President and COO of Kyowa Hakko,
said: "We established a new subsidiary, Kyowa Hakko Chemical
Co., Ltd., on April 1, 2004. In its solvent business, ethyl
acetate is a core product. This new, competitive, large-scale
plant will greatly contribute to the future growth of the
business. The plant embodies the combination of advanced
technologies of the two parent companies. Continued support from
the authorities and the community people will be highly
appreciated."

OUTLINE OF JAPAN ETHYL ACETATE CO., LTD.

Head office: 2, Nakanosu, Oita City, Oita Prefecture (within the
             premises of SDK's Oita Petrochemical Complex)

Establishment: August 20, 2003

Start of commercial operation:  April 1, 2004

Capital: Y100 million

Shareholders: SDK 55%; Kyowa Hakko Chemical Co., Ltd. 45%
              (Shares transferred from the parent company
              effective April 1, 2004)

President: Hiroshi Nishimoto

Board members: Three directors from SDK; two directors from
               Kyowa Hakko

Scope of business: Production of ethyl acetate

Plant capacity: 100,000 tons a year

ABOUT KYOWA HAKKO KOGYO CO. LTD.

Kyowa Hakko, headquartered in Tokyo, is a world leader in
developing, manufacturing and marketing pharmaceuticals and
biotechnology products. For over half a century, Kyowa has been
a pioneer in the development and application of fermentation
technology and new forms of biotechnology. Its core
pharmaceutical research is focused on drug discovery using
antibody-based technologies and developing therapeutic agents
for cancer and allergies. Kyowa has achieved world-wide success
with two agents: Mitomycin, indicated for adenocarcinoma of the
stomach and pancreas, and marketed in the U.S. by Bristol-Myers
Squibb as Mutamycin(R); and Olopatadine, indicated to relieve
itching of the eye due to allergic conjunctivitis, and marketed
in the U.S. by Alcon as Patanol(R). In addition, Kyowa Hakko is
currently clinically developing four compounds to combat cancer
and allergic reactions, and has two other novel agents in Phase
2 clinical trials: KW-6002, an agent for the treatment of
Parkinson's disease, and KW-7158, an agent for treating urinary
incontinence.

ABOUT SHOWA DENKO K.K.

Showa Denko is a major manufacturer and marketer of chemical
products serving a wide range of fields ranging from heavy
industry to the electronic and computer industries. the company
makes petrochemicals (ethylene, propylene), aluminum products
(ingots, rods) electronic equipment (hard disks for computers),
and inorganic materials (ceramics, carbons). The company has
overseas operations and a joint venture with Netherlands-based
Montell and Nippon Petrochemicals to make and market
polypropylenes. In March 2001, SDK merged with Showa Denko
Aluminum Corporation to strengthen the high-value-added
fabricated aluminum products operations, and is today developing
next-generation optical communications-use wafers. For further
information, please visit the Showa Denko K.K. home page at:
www.sdk.co.jp/index_e.htm

Contact:
Showa Denko K.K.
IR & PR Group, Nobuhiro Kato
nobuhiro_kato@sdk.co.jp
+81-3-5470-3235


Showa Denko is a major chemical company in Japan. In the midst
of severe business environment surrounding chemical industry,
Showa Denko increased the operating profit and pretax profit for
fiscal 2003 ended December 31, 2003, Japan Credit Rating Agency
reported recently. Rise of digital home appliances and increase
in earnings from hard disk operations derived from acquisition
of the business operation improved the profits for two years in
a row. Although the financial structure remains weak, it has
improved with the interest-bearing debt being reduced.


SOFTBANK CORPORATION: Ministry Issues Warning Over Data Leakage
---------------------------------------------------------------
The Ministry of Public Management, Home Affairs, Post and
Telecommunications will issue a warning this week to Softbank
Corporation over a massive leakage of client data from Internet
service provider Softbank BB Corporation, Kyodo News reported on
Monday. The telecom ministry will summon Softbank President
Masayoshi Son to give him an administrative guidance paper.

Internet investor Softbank Corporation incurred a group net loss
of 16.3 billion yen (US$155 million) in the third quarter of
2003 because of marketing costs, TCR-AP reported recently. This
was the first time Softbank posted third-quarter results, and it
did not provide a year-ago comparison. However, its net loss was
considerably narrower than the second-quarter's loss of 42.60
billion yen.


TOBU RAILWAY: R&I Assigns BBB- Rating
-------------------------------------
Rating & Investment Information, Inc. (R&I) assigned a long-term
debt rating of BBB- to Tobu Railway Co. Ltd. issued under the
shelf registration scheme.

RATIONALE:

The railroad business earns about 60 percent of the cash flow of
Tobu Railway Co., Ltd. The company has a large service area with
lines extending from central Tokyo to Saitama Prefecture and out
to Tochigi Prefecture and Gunma Prefecture in northern Kanto.
The hinterland of the company's service area includes the
tourist spots of Nikko and Oze. Tobu Railway has been proactive
in improving the convenience of its transport network, and it
has many lines with direct links to other lines.

Its core Tobu Isesaki Line and Nikko Line have direct links to
the Tokyo Metro's Hibiya Line and Hanzomon Line, while the Tobu
Tojo Line is directly linked to the Tokyo Metro's Yurakucho Line
with plans to link it to the No. 13 New Line (Ikebukuro -
Shibuya) in the future. With few of the company's lines in
competition with JR lines, the earnings of its railroad business
are relatively stable.

In promoting its services, Tobu Railway has been targeting the
expanding hiking and walking markets. The hinterland of the
company's lines has a rich natural environment that includes Oze
and Okunikko, and demand from hikers, including those in the
upper age bracket, can also be expected in the future.

Meanwhile, Tobu Railway's financial structure has significant
weaknesses. This is because Tobu Department Store subsidiaries
indulged in excessive financing during the bubble period, and
costs for the disposal of losses have climbed to a significant
sum. Under the Tobu Group Restructuring Plan, the company is
focusing its management resources on streamlining a bloated
balance sheet. It is making no exceptions even for good quality
subsidiaries, as demonstrated by the sale of Tobu Gas Co., Ltd.
and Tobu Drug.

In the past, the company's bus and leisure businesses were
sectors that sustained continuous deficits and put pressure on
the company's cash flow. Thanks to drastic measures to cut fixed
costs, however, the balance sheets in those sectors have shown
improvement. As a result of these measures and the support of a
stable cash flow generated by the railroad business, the
financial structure is to beginning to show steady improvement.


TOSHIBA CORPORATION: Ups Chips Plant Investment to JPY270B
----------------------------------------------------------
Toshiba Corporation plans to raise the investment in a flash
memory plant in western Japan by 35 percent to 270 billion yen,
due to the increased market demand for rewriteable memory chips,
Infocast News reports. Toshiba and its American partner SanDisk
will evenly contribute to the additional investment.


* Japan's March Company Bankruptcies Fall 15% From Year Earlier
---------------------------------------------------------------
Japanese corporate bankruptcies fell 15 percent in March from a
year earlier, the 19th consecutive monthly drop, according to
Bloomberg News, citing Tokyo Shoko Research Ltd.

Corporate failures fell to 1,329 cases. The companies owed 1.01
trillion yen ($9.44 billion) in debt, an 11 percent decline from
a year earlier. Companies with liabilities of less than 10
million yen are excluded from the report.

Bankruptcies fell 17 percent to 15,466 cases in the fiscal year
ended March 31. Liabilities fell 23 percent to 10.3 trillion
yen.


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


HYNIX SEMICONDUCTOR: Drops Plan to Sell Assets to Citigroup
-----------------------------------------------------------
Hynix Semiconductor Inc. had ended talks to sell its non-memory
assets to an investment fund run by Citigroup, the New York
Times reported on Tuesday, 13 April.

Hynix, which has debts of more than 3 trillion won ($2.6
billion), had been in talks with the unit, Citigroup Venture
Capital, since last year. The negotiations were part of Hynix's
latest attempts to shed non-core operations to raise cash to
invest in its core memory chip business.

The company said in a statement, "After considering the changes
in business conditions that occurred during the period of the
talks, as well as various terms of the negotiations, we have
decided to end the sales talks."

Analysts estimate that the non-memory assets, which account for
20 percent of Hynix's annual sales, are worth more than 500
billion won. Citigroup Venture Capital is thought to have
offered 500 billion to 600 billion won.


LG CARD: Resumes Cash Advance Services
--------------------------------------
LG Card Co. Ltd. will resume its cash advance and card loan
services via the Internet and phones on Wednesday, 14 April,
according to Korea Times. Except for the cash advance services
through the automated teller machines (ATMs), the ailing credit
card company has suspended online lending businesses over the
past four months since December.

But the card issuer said the reopened services are available for
only the financially healthy customers.

For a copy of LG Card's 2003 audited financial statements, go to
http://bankrupt.com/misc/tcrap_lgcard0415.pdf


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


ANSON PERDANA: Winding up Petition Served on Prodeal Unit
---------------------------------------------------------
Anson Perdana Berhad (Anson) wishes to announce that a winding-
up petition dated 19 March 2004 has been served on the Company's
subsidiary, Prodeal Sdn Bhd on 12 April 2004 by Commerce Dynasty
(M) Sdn Bhd. The amount claimed under the petition is
RM32,565.21. No interest is chargeable on the amount claimed.
The filing of the winding-up petition was a result of unsettled
claims due to Commerce Dynasty (M) Sdn Bhd by Prodeal for
professional services rendered. The hearing on the petition has
been fixed for 26 May 2004.

The Company is seeking legal advice as to the appropriate course
of action in respect to the above petition. At this juncture,
the Company is assessing the financial impact, operational
impact and expected losses with the lawyers as the Company is in
the process of trying to diffuse the claims through
negotiations. In the event that negotiations do not yield
positive results, then Prodeal may face the liquidation
proceedings initiated.

This Kuala Lumpur Stock Exchange announcement is dated 13 April
2004.


ANTAH HOLDINGS: Issues Correction To Litigation Update
------------------------------------------------------
Antah Holdings Berhad would like to refer to the announcement
dated 12 April 2004 on the Monthly Status on Involvement in
Litigation and would like to highlight that the year under the
status in Corporate Guarantee should read as "2004" and not
"2000" as announced.

Upon the amendment, the announcement under the caption in
respect of the claims made by corporate guarantees which have
been provided by Antah Holdings Berhad should read as follows:

No.  Case No.       Status

1.  Kuala Lumpur High Court Suit   12 April 2004/ Case
No. D2-22-653-03    Management
Bank Pertanian Malaysia
vsPacific Asia Fishing Sdn Bhd
& Antah Holdings Berhad

This amendment is issued to the Kuala Lumpur Stock Exchange on
13 April 2004.


BERJAYA SPORTS: Listing and Quotation of New Shares
---------------------------------------------------
Berjaya Sports Toto Berhad would like to announce that the
company's additional:

(i) 389,800 new ordinary shares of RM1.00 each arising from the
conversion of RM389,800 nominal amount of 8 percent Irredeemable
Convertible Unsecured Loan Stocks 2002/2012;

(ii) 576,580 new ordinary shares of RM1.00 each issued pursuant
to the Staff Share Option Scheme

will be granted listing and quotation with effect from 9 a.m.,
Thursday, 15 April 2004.

This Kuala Lumpur Stock Exchange announcement is dated 13 April
2004.


LANKHORST BERHAD: Answers KLSE Query Re Winding Up
--------------------------------------------------
The Kuala Lumpur Stock Exchange sent the following query letter
to Lankhorst Berhad pertaining to the advertisement of the
Winding Up Petition on Lankhorst Pancabumi Contractors sdn. Bhd
(LPCSB).

The query letter reads as follows:

We refer to the advertisement on winding-up petition appearing
in Star, Classifieds, page 8 on Tuesday, 13 April 2004, a copy
of which is enclosed for your reference.

In this connection, kindly furnish the Exchange with the
following additional information immediately for public release:

The name of the petitioner and date the winding-up petition was
served on LPCSB;

The particulars of the claim under the petition, including the
amount claimed for under the petition and the interest rate;

The details of the default or circumstances leading to the
filing of the winding-up petition;

The total cost of investment in LPCSB;

The financial and operational impact of the winding-up
proceedings;

The expected losses, if any arising from the winding-up
proceedings;

The steps taken and proposed to be taken by the Company in
respect of the winding-up proceedings;

A statement whether Lankhorst Berhad and its group of companies
(Group) is solvent i.e. that no contingent or other liability
has become or is likely to become enforceable within the period
of twelve (12) months from the date therof which will or may
affect the ability of the Group or the Company to meet their
obligations as and when they fall due; and

9. An undertaking to provide to the Exchange a solvency
declaration executed by the directors of the Company within
seven (7) days (where such declaration can be made).

Please note that the contents of the announcement must be
endorsed by the board of directors of the Company.

Yours faithfully
INDERJIT SINGH
Sector Head
Issues & Listing
Group Regulations
CKM
Copy to : Securities Commission (via fax)

The reply of Lankhorst Berhad to the query letter reads as
follows:

We refer to your letter of even date on the above-mentioned
matter.

As requested, we furnish below the following additional
information as requested for public release:

1. The claim under the petition is by Siah Cheng San (trading as
the sole proprietor of Sundean Enterprises) for a sum of
RM76,441.50 together with interests thereon at the rate of 8
percent per annum on the said sum from 27th March 2002 until the
date of full realization and costs of RM1,547.00 and legal fees
of RM6,259.00, totaling RM96,762.96 being the outstanding sum
for goods supplied and delivered as per the judgement obtained
on 10th February 2003 pursuant to Shah Alam Sessions Court
Summons No. 3-52-687-2002.

2. LPCSB had made various proposals to pay the aforesaid amount,
to which the Petitioner through his lawyer has made counter
proposals. The last counter proposal was only received by LPCSB
yesterday, 12th April 2004. Unfortunately, before LPCSB could
response positively to the Petitioner's proposal, the Petition
was served on LPCSB today.

3. The total cost of investment in LPCSB is RM25,000,000.00.

4. The claim and the proceedings will not have any significant
financial and operational impact on the company and its group.

5. There will be no significant losses to LPCSB.

6. LPCSB had been in touch with the Petitioner through his
solicitors and have proposed to settle the outstanding amount
together with costs, interests and legal fees (as per their
counter proposal dated 12th April 2004) and with this, the
Petitioner has agreed to immediately file the Notice of
Withdrawal of the Winding-up Petition in the Kuala Lumpur High
Court.

7. There is no contingent liability or other liability which has
become enforceable or is likely to become enforceable within the
period of twelve months from the date of this announcement which
will or may affect the ability of the Group or the Company to
meet their obligations as and when they fall due.

8. Lankhorst Group is solvent and is able to meet and pay all
its debts and liabilities and when they are due, including the
claim by the petitioner. Further, the Company reaffirms to the
Exchange the solvency declaration as executed by all the
directors of the Company on 1st April 2004.

We wish to inform the Exchange that the winding-up petition as
appeared in the Star on even date, 13th April 2004 was only
served on LPCSB this morning.

By Order of the Board.

This Kuala Lumpur Stock Exchange announcement is dated 13 April
2004.


MALAYSIA AIRLINES: Opening Of Low Cost Route Timely
---------------------------------------------------
Aviation industry sources say that Malaysia Airlines System's
(MAS) plans to start its own low-cost carrier is timely, the
Malaysian National News Agency-Bernama reports.

The sources say that it is right for MAS to do so in light of
the increasing demand for no-frills air travel in the region.

"The national carrier is in a strong position to do so as it has
all the infrastructure in place -- extensive aircraft fleet,
renowned cabin crew, ground handling experience, extensive sales
offices and most important of all, a low-cost ticketing enabling
environment via the Internet," said one highly-placed source.

In addition, it also has strong government backing and the
necessary financial muscle, he added.

"The no-frills option being considered by MAS is in response to
the changing dynamics in the market place," said a
representative from an aircraft manufacturer who declined to be
named. "This is because it cannot allow competitors and would-be
competitors to nibble or bite off a chunk of its market share
that it has painstakingly built up over the years."

A source close to the national carrier said by starting its own
low-cost service, MAS would be meeting the competition head-on.

"It's about time that MAS takes the bull by the horns as Low
Cost carriers (LCCs) have been setting new cost targets for
airlines around the world. The impending move by MAS is about
simplifying its business model to meet new cost targets set by
LCCs," he added.

The source said new cost targets had forced network carriers or
traditional airlines like Singapore Airlines, Thai International
and Qantas to set up their own LCCs, a fact acknowledged by
Giovanni Bisignani, the Director General & CEO of the
International Air Travel Association (IATA) earlier this year.

"Some may feel that it may be a Johnny-come lately, knee-jerk or
playing catch-up reaction by MAS. But the crux of the matter is
that it cannot be oblivious to changes in the market place like
burying its head in the sand like an ostrich," an industry
observer commented.

"Operating a low-cost service means it can prevent other
carriers from "cherry-picking" its lucrative routes," he said.

Another key factor for MAS to rise to the occasion on LCCs is to
ensure that the Kuala Lumpur International Airport (KLIA) in
Sepang maintains its importance as an aviation hub by drawing
passengers from domestic airports and other nearby destinations
to KLIA.

"By ensuring KLIA's important role as an aviation hub also means
that it will continue to be the gateway for passengers heading
into Malaysia," said another aviation industry insider.

He said if MAS did not take on the LCCs aggressively, then the
likelihood of KLIA slipping into relative oblivion may
eventually come true because other LCCs may draw passengers to
neighbouring airport hubs.

Now that Malaysia Airports Bhd has been reported to be
renovating KLIA to accommodate LCCs, he said it is only logical
that MAS makes use of the facilities available.

And given that KLIA is synonymous with MAS as is Chek Lap Kok
with Cathay Pacific, he said the no-frills endeavor would also
ensure that KLIA stays competitive against other airports.

A marketing source close to MAS said by having both the
traditional and no-frills service at the same time, it would be
able to address different market segments.

And MAS is in a strong position to do so with some 50 years of
flying experience and a fleet of almost 100 aircraft operating
to more than 115 destinations.

"By embarking on a different business model like having a no-
frills service besides its renowned top-of-the-line service, it
can address a market segment that is price-sensitive," the
marketing source said.

He added: "This is about MAS fixing its business model to set
efficient targets for change. And this could not have been more
opportune as global passenger traffic is poised to grow by 7.0
percent this year after 2003 saw a 2.4 percent decline against
2002."

"Given these positive factors, shouldn't MAS enter the fray,
especially when it has all the infrastructure and service
quality in place?" he asked.

MAS currently owns and operates international airline services
and cargo operations.


MITHRIL BERHAD: Shares Start Trading
------------------------------------
Mithril Berhad, which took over the listing status of Tajo
Berhad debuted on the Second Board of the Malaysia Securities
Exchange Berhad on Wednesday, 14 April, The Edge Daily reports.

Initially, 267,000 shares were traded at RM1.00 at the opening
bell. After half an hour, 2.09 million shares were transacted.
But prices went down by 9:30 am when shares went for 81 sen,
down 19 sen from the RM1.00 reference price.

Mithril's loan stocks, on the other hand, made a poor debut.
Irredeemable Convertible Unsecured Loan Stocks opened at 89 sen,
11 sen below the reference price of RM1.00. By 9:30 am, prices
went down further at 62.5 sen with 1.98 million units done.

The Redeemable Concertible Secure Loan Stocks opened at 84 sen,
also below its reference price of RM1.00.


OMEGA HOLDINGS: Issues a Notice of Book Closure
-----------------------------------------------
Omega Holdings Berhad wishes to announce that the company's
securities will be traded and quoted (Ex-Offer) starting 16
April 2004. The last date of lodging is slated for 20 April
2004.

This Kuala Lumpur Stock Exchange announcement is dated 13 April
2004.


PAN MALAYSIA: Listing and Quotation of Privately Listed Shares
--------------------------------------------------------------
Pan Malaysia Corporation Berhad (PMCorp) would like to announce
that additional 39,800,000 new ordinary shares of RM0.50, each
being a portion of the Private Placement of up to 73,950,000 new
ordinary shares in PMCorp representing approximately 10 percent
of the existing issued and paid-up capital of the company will
be granted listing and quotation with effect from 9 a.m.,
Thursday, 15 April 2004.

As the said new ordinary shares will not be entitled to any
dividends, rights, allotments and/or other distributions
declared before the date of allotment, including the interim
dividend of 2.0 sen per 50 sen share (4.0 percent) less tax at
28% which was declared on 27 February 2004, there will be two
(2) separate quotations from that date as follows:

(i) Existing ordinary shares of the Company are quoted as
"PMCORP".

(ii) The 39,800,000 new ordinary shares will be quoted as
"PMCORP-OA".

The Stock Number and ISIN Code of the "PMCORP-OA" shares are
"4081OA" and "MYL4081OA004".

However, as PMCORP has on 27 February 2004 announced the
entitlement date for the interim dividend of 2.0 sen per 50 sen
share (4.0 percent) less tax at 28 percent, the "PMCORP-OA"
shares which are not entitled to the abovementioned dividends,
will cease to be quoted with effect from 9 a.m., Monday, 19
April 2004 and will merge with the existing "PMCORP" shares as
from that date.

This Kuala Lumpur Stock Exchange announcement is dated 13 April
2004.


POS MALAYSIA: Listing of Newly Converted Shares
-----------------------------------------------
POS Malaysia and Services Holdings Berhad would like to announce
that the company's additional:

(i) 151,000 new ordinary shares of RM1.00 each arising from the
Conversion of RM271,800 nominal value 5-year 8 percent
Irredeemable Convertible Unsecured Loan Stocks 1999/2004 (LB);
and

(ii) 171,000 new ordinary shares of RM1.00 each issued pursuant
to the Employee Share Option Scheme

will be granted listing and quotation with effect from 9 a.m.,
Thursday, 15 April 2004.

This Kuala Lumpur Stock Exchange announcement is dated 13 April
2004.


PROTON: Resumes Trading
-----------------------
Perusahaan Otomobil Nasional Berhad (Proton) would like to refer
to the exchange of shares pursuant to a scheme of arrangement
under Section 176 of the Companies Act, 1965 between Proton and
its shareholders whereby all the shareholders of Proton will
exchange all their ordinary shares of RM1.00 each in Proton
comprising 549,213,000 ordinary shares of RM1.00 each for
549,213,000 new ordinary shares of RM1.00 each in Proton
Holdings Berhad (Proton Holdings), a newly incorporated company
on the basis of one (1) new ordinary share of RM1.00 each in
Proton Holdings for every one (1) ordinary share of RM1.00 each
held in Proton (Share Exchange).

Further to Listing Circular No. L/Q 23437 of 2004, kindly be
advised that trading of Proton's Call Warrants (Proton-CA) will
resume with effect from 9 a.m., Friday, 16 April 2004 in
conjunction with the completion of Proton's Share Exchange.

This Kuala Lumpur Stock Exchange announcement is dated 13 April
2004.


PROTON: Proton Holdings Officially Listed
-----------------------------------------
Perusahaan Otomobil Nasional (Proton) would like to refer to the
Scheme of Arrangement under Section 176 of the Companies Act,
1965 between Proton and its shareholders:

(i) Exchange of shares whereby all the shareholders of Proton
will exchange all their ordinary shares of RM1.00 each in Proton
comprising 549,213,000 ordinary shares of RM1.00 each for
549,213,000 new ordinary shares of RM1.00 each in Proton
Holdings Berhad (Proton Holdings), a newly incorporated company
on the basis of one (1) new ordinary share of RM1.00 each in
Proton Holdings for every one (1) ordinary share of RM1.00 each
held in Proton (Share Exchange); and

(ii) Transfer of the listing status of Proton to Proton Holdings
upon completion of the Share Exchange.

Proton would like to advise that:

Following the completion of the Scheme of Arrangement, Proton
will be removed from the Official List of Malaysia Securities
Exchange Berhad (MSEB) and Proton Holdings will be admitted in
place of Proton with effect from 9 a.m., Friday, 16 April 2004.

In this connection, Proton Holdings' 549,213,002 ordinary shares
of RM1.00 each arising from the Scheme of Arrangement will be
admitted to the Official List of the Exchange, and the listing
and quotation of Proton Holdings' ordinary shares on the Main
Board under the "Consumer Products" sector will be granted with
effect from 9.00 a.m., Friday,16 April 2004, on a "Ready" basis
pursuant to the Rules of the MSEB.

The Stock Short Name, Stock Number and ISIN Code of PROTON
HOLDINGS' ordinary shares are "PROTON", "5304" and
"MYL5304OO000".

The reference price for Proton Holdings' ordinary shares is
RM9.85 and the trading limit will be 30 percent.

Kindly be advised that Proton Holdings' ordinary shares are
prescribed securities. Dealings in the aforesaid securities
shall be carried out in accordance with Securities Industry
(Central Depositories) Act, 1991 and the Rules of Malaysian
Central Depositiory Sdn Bhd.

Kindly also be reminded that only "free securities" can be
utilized for settlement of trades involving the aforesaid
ordinary shares.

This Kuala Lumpur Stock Exchange announcement is dated 13 April
2004.


PROTON: Foreign Partner Wanted
------------------------------
Malaysia's investment arm, Khazanah Nasional Berhad is believed
to be considering the possibility of letting a foreign carmaker
take up to a 20 percent stake in the national automaker
Perusahaan Otomobil Nasional Berhad or Proton, The Star Online
reports.

The injection of a foreign carmaker into Proton would open up
new commercial possibilities and tie-ups for the company and
increase its international competitiveness.

The new partner could bring in new technology and help Proton
sell its cars abroad through its distribution channel.

"It is to strengthen the company. The capabilities can be built
up,'' a source said, arguing that the strategic partnership was
necessary in view of the Asean Free Trade Area, and the more
intense competition with global carmakers having tie-ups in
various countries in the region.

"The sale may well be done within a year. Khazanah is willing to
sell 20 percent, but it also depends what the foreign party's
appetite is,'' the source said, adding that any sale would be
with the cooperation of Proton chief executive officer Tengku
Tan Sri Mahaleel Tengku Ariff.

"After the disposal, Khazanah intends to still remain Proton's
biggest shareholder," the source said.

Khazanah is on the lookout for a new foreign partner after
Proton's long time tech-partner, Mitsubishi Motors Corporation
(MMC) stepped out of the picture last month.

The issue of a strategic foreign partner had been much talked
about, and even drew flak from some ministers. Proton has its
own platform and a technology unit in Britain-based Lotus, so
why the need for a another foreign partner.

"Having a strategic partner is not just about getting an
engine," explained a source. "In the automotive industry you
have to stay competitive, and there are many other alliances
from which Proton can benefit."

"Also, to develop one model costs a lot of money and you have to
start with a platform, which is costly to develop. Once you
invest, you must have the volume; and only then can you price
your car.

"Essentially, it boils down to the cost of doing things and
economies of scale. If the cost is too high internally, there
may be a need to look outside,'' the source added.

Proton has come up with its designs since the year 2000. In
February, the company launched the Proton Gen.2, which it
completely designed and is considered a major engineering
breakthrough for Proton.


RHB CAPITAL: Issues Second Interim Dividends
--------------------------------------------
RHB Capital Berhad would like to announce that the company's
securities will be traded and quoted (Ex-Dividend) as from 28
April 2004. The last day of filing is on 30 April 2004 and
second interim dividends of 3.5 percent per share less 28
perecnt income tax will be payable on 21 May 2004.

This Kuala Lumpur Stock Exchange announcement is dated 13 April
2004.


TAJO BERHAD: Delisting of Tajo and Admission of Mithril
-------------------------------------------------------
Tajo Berhad (Tajo)/ Mithril Berhad (Mithril) would like to
announce the admission to the official list and the listing and
quotation of the following:

(i) the entire issued and paid-up share capital of Mithril
Berhad (Mithril) comprising 77,576,989 ordinary shares of RM1.00
each;

(ii) 38,270,780 5-year Warrants B;

(iii) RM59,000,000 nominal amount of 3 percent 8-year redeemable
convertible secured loan stocks (RCSLS); and

(iv) RM60,700,000 nominal amount of 8 percent 5-year Iredeemable
Convertible Unsecured Loan Stocks (ICULS)

on the second board of the exchange in place of Tajo Berhad
which will  be delisted.

Further to the Listing's Circular No. L/Q 24019 of 2004, kindly
be advised that the reference price and trading limit of
Mithril's ordinary shares shall be RM1.00 x 500 percent.

This Kuala Lumpur Stock Exchange announcement is dated 13 April
2004.


TRONOH MINES: Reclassified To Construction Sector
-------------------------------------------------
Tronoh Mines Malaysia Berhad would like to announce that the
shares of Tronoh will be reclassified from the "Mining" sector
to the "Construction" sector effective 9 am on Friday, 16 April
2004.

The Stock Number and Stock Short Name for Tronoh's shares will
remain unchanged.

This Kuala Lumpur Stock Exchange announcement is dated 13 April
2004.


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


ABS-CBN BROADCASTING: To Pay PhP2.1B Worth of Maturing Debts
------------------------------------------------------------
ABS-CBN Broadcasting Corp. is optimistic that improvements in
financial position will help settle its maturing debts for the
next 12 months, BusinessWorld Online reports.

The company's earnings before interest, taxes, depreciation and
amortization (EBITDA) stood at PhP4.295 billion in 2003.
BusinessWorld earlier reported that ABS-CBN would retire PhP2.1
billion worth of maturing debts this year to cut its total debt
level to PhP3.7 billion.


MAYNILAD WATER: Government Take-Over Faces Another Set Back
-----------------------------------------------------------
Another obstacle faces the government take-over of Maynilad
Water Services Inc. (Maynilad) after several creditors rejected
the terms of the compromise agreement with state-run
Metropolitan Waterworks and Sewerage System (MWSS),
BusinessWorld Online reports.

The banks did not allow partial draw of Maynilad's security by
April 25, as provided in the compromise deal.  The partial draw
would have been an integral part of the settlement for it would
allow the government, through MWSS to partially collect on
Maynilad's concession fees, which it has not been paying since
March 2001.  As of December 2003, its unpaid concession fees
totaled PhP7.3 billion.

"Amendment No. 2 requires a draw by 25th of April 2004 by MWSS
upon the SBLC (standby letter of credit) banks in the amount of
$50 million. This is violative of the status quo order of the
Supreme Court," said the banks' lawyer, Francis Lim, in a
document submitted in court.

The debt payment reprieve issued by Quezon City Judge Daway in
favor of Maynilad is yet to be reviewed by the Supreme Court
whether it covers the performance bond.

Thirteen local and foreign banks and financial institutions make
up the consortium that guaranteed the payment of the $120-
million performance bond. These include Citibank N.A., the
Manila Offshore Branch of Credit Lyonnais, the Singapore branch
of Credit Industriel et Commercial, Fortis Bank, Chinatrust
Philippines Commercial Bank Corp., and Rizal Commercial Banking
Corp.

Under Maynilad's revised rehabilitation plan submitted last
month, Amendment No. 2 detailed the compromise between MWSS and
Maynilad. It also said the compromise was approved by Maynilad
creditors.


PHILIPPINE LONG: Clarifies News Article
---------------------------------------
Philippine Long Distance Telephone Co. (PLDT) clarifies to the
Philippine Stock Exchange the news article, which appeared in
the Cocktails section of the Philippine Daily Inquirer.

The article reported that "PLDT chair Manuel V. Pangilinan was
in Bangkok Holy Thursday and Good Friday for a possible joint
acquisiton by First Pacific and the PLDT group of an ailing Thai
mobile phone company."

Mr. Manuel V. Pangilinan is concurrently the Chairman of PLDT
and the Managing Director of First Pacific Company Limited.  Mr.
Pangilinan's recent trip to Thailand was made in relation to
First Pacific and in his capacity as its Managing Director.  The
company has received no information regarding Mr. Pangilinan's
trip to Thailand.

Respectfully yours,
Ma. Lourdes C. Rausa-Chan
Corporate Secretary


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


AIROCEAN GROUP: Receives Court Summons
--------------------------------------
The Board of Directors of Airocean Group Limited wishes to
disclose that the Company received a writ of summons from Mr Kar
Kwan Pang (Plaintiff) originating from the High Court of Hong
Kong SAR.

The Plaintiff claims, inter alia, that the Company had breached
the terms of the Memorandum of Understanding (MOU) entered into
between the Company and the shareholders of SAB Mildtrans
Company Limited (SAB). The Plaintiff is claiming, inter alia,
the specific performance of the MOU or damages in lieu of
specific performance of the MOU.

The Plaintiff was the legal representative of the shareholders
of SAB and, to the best of the Company's knowledge, is not a
shareholder of SAB. The Plaintiff is therefore not a party to
the MOU.

The Company had announced on 2 January 2004 that the Company had
decided not to proceed with the acquisition proposed in the MOU
and had allowed the MOU to lapse in accordance with the terms of
the MOU.

The Company had sought legal advice from its lawyers in Hong
Kong pertaining to this matter and is of the view that the
Plaintiff has no sustainable case. Accordingly, the Company had
instructed its Hong Kong lawyers to proceed with the striking
off of the Plaintiff's action.

This matter will not have any operational impact on the
Company's business and the Directors are of the view that there
is no necessity to make any provisions against the Plaintiff.

The Company will make further announcements if necessary.

This Singapore Exchange announcement is dated 13 April 2004.


AVARI PTE: Issues Winding up Order Notice
-----------------------------------------
Avari Pte Ltd issued a notice of winding up order made on 2
April 2004.

Name and address of Liquidator: The Official Receiver
Insolvency & Public Trustee's Office
URA Centre (East Wing)
45 Maxwell Road #05-11 & #06-11
Singapore 069118.

Lee & Lee
Solicitors for the Petitioner.

The Singapore Government Gazette announcement is dated 8 April
2004.


CHINA CHONGQING: Releases Winding up Order Notice
-------------------------------------------------
China Chongqing Construction Engineering (Singapore) Pte Ltd
issued a winding up order notice made on 22 March 2004.

Name and Address of Liquidator: Ramasamy Subramaniam Iyer @
Rajendran, Goh Thien Phong, and Kan Yut Keong, all of
Pricewaterhouse Coopers, 8 Cross Street, #17-00 PWC Building,
Singapore 048424.

Messrs ANG & PARTNERS
Solicitors for the Petitioner.

Note:

(a) All creditors of the company should file their proof of debt
with the liquidator who will be administering all affairs of the
company.

(b) All debts due to the company should be forwarded to the
liquidator.

The Singapore Government Gazette announcement is dated 8 April
2004.


FALCON PILING: Issues Debt Claim Notice to Creditors
----------------------------------------------------
Falcon Piling Pte Ltd (Under Judicial Management) issued a
notice to creditors to prove debts or claims.

Address of registered office: 61 Gul Drive Singapore 629500.

Number of matter: No. 22 of 2003/Q.

Last day for receiving proofs: 16th April 2004.

Name of judicial managers: Tam Chee Chong and Wee Aik Guan.

Name of firm of the Judicial Managers: Deloitte & Touche.

Address of firm: 6 Shenton Way
#32-00 DBS Building Tower Two
Singapore 068809.

Tam Chee Chong
Judicial Manager.

The Singapore Government Gazette announcement is dated 2 April
2004.


HONG LEONG: Issues Correction Re 43rd AGM Date
----------------------------------------------
Hong Leong Asia Limited would like to announce the change in
date of its Forty-Third Annual General Meeting to 30 April 2004
instead of 28 April 2004 as previously stated in the following
announcements:

1. Unaudited Full Year Financial Statement and Dividends
Announcement for the Year Ended 31 December 2003 released on 27
February 2004; and

2. Proposed Final and Special Dividends for Financial Year 2003
- Change of Corporate Income Tax Rate released on 15 March 2004.

The notice of the Forty-Third Annual General Meeting will be
dispatched to all shareholders of the Company together with the
Company's Annual Report 2003 on 14 April 2004.

Subject to the Shareholders' approval at the Forty-Third Annual
General Meeting of the proposed final and special dividends, the
books closure date from 11 May 2004 to 12 May 2004 (both dates
inclusive) and payment date for the said proposed dividends on
25 May 2004, as previously announced shall remain unchanged.

By Order of the Board

Ng Siew Ping, Jaslin
Company Secretary

13 April 2004
Singapore

Submitted by Ng Siew Ping, Jaslin, Company Secretary on 13 April
2004 to the SGX


KOBE LEADFRAME: Unveils April 2 EGM Resolutions
-----------------------------------------------
At an Extraordinary General Meeting (EGM) of Kobe Leadframe
Singapore Pte Ltd (Members' Voluntary Winding Up) held at 9-12
Kita - Shinagawa 5-chome Shinagawa-ku Tokyo 141-8688 Japan on 2
April 2004 at 11.00 a.m., the following resolutions were duly
passed:

SPECIAL RESOLUTION

(a) Resolved that the Company be wound up voluntarily pursuant
to section 290 (1) (b) of The Companies Act (Chapter 50).

ORDINARY RESOLUTIONS

RESOLVED:

(b) That Mr. Kon Yin Tong, Mr. Wong Kian Kok and Mr. William
Caven Hutchison of Foo Kon Tan Grant Thornton be and are hereby
appointed liquidators, jointly and severally, for the purpose of
the winding up.

(c) That the liquidators be remunerated for the work of winding
up the Company on their normal scale of professional fees.

SPECIAL RESOLUTION

(d) That the liquidators be empowered to exercise any of the
powers given by sub-sections of (1) and (2) of section 272 of
the Companies Act (Chapter 50) and to distribute to members in
specie any part of the assets of the Company.

Masatoshi Ando
Director.

The Singapore Government Gazette announcement is dated 12 April
2004.


KOBE LEADFRAME: Creditors Must Submit Claims by May 8
-----------------------------------------------------
Notice is hereby given that the creditors of Kobe Leadframe
Singapore Pte Ltd (Members' Voluntary Winding Up), which is
being wound up voluntarily, are required on or before 8 May 2004
to send in their names and addresses and the particulars of
their debts or claims, and the names and addresses of their
solicitors (if any), to the liquidators, c/o Foo Kon Tan Grant
Thornton at 47 Hill Street, #05-01 Chinese Chamber of Commerce &
Industry Building, Singapore 179365.

Kon Yin Tong
Wong Kian Kok
William Caven Hutchison
Joint Liquidators.

The Singapore Government Gazette announcement is dated 12 April
2004.


MG LOGIC: Releases Preferential Dividend Notice
-----------------------------------------------
MG Logic Pte Ltd. (In Creditors' Voluntary Liquidation) issued a
notice of intended preferential dividend as follows:

Address of former registered office: 1002 Jalan Bukit Merah #07-
18 Singapore 159456.

Last day of receiving proofs: 22nd April 2004.

Name of liquidators: Chee Yoh Chuang And Lim Lee Meng.

Address of liquidators: c/o Chio Lim & Associates
18 Cross Street
#08-01 Marsh & McLennan Centre
Singapore 048423.

Chee Yoh Chuang
Lim Lee Meng
Liquidators.

The Singapore Government Gazette announcement is dated 8 April
2004.


SINGAPORE TELECOMMUNICATIONS: Not Bidding For Pakistan License
--------------------------------------------------------------
Singapore Telecommunications (SingTel), Southeast Asia's biggest
telecommunications company will not be bidding for a Pakistani
mobile phone license, Dow Jones reports on Wednesday, 14 April.

"After having reviewed the opportunity in detail, SingTel has
decided not to participate in the bidding for the new mobile
cellular licenses in Pakistan Wednesday," said SingTel spokesman
Ivan Tan via email.

"Notwithstanding this decision, SingTel views Pakistan as an
important market and will continue to explore opportunities in
the country's telecom sector," Tan said.

Pakistan is trying to attract investment in its underdeveloped
telecommunications sector through deregulation, and expects
US$1.5 billion in investments in the next five years.

Islamabad is auctioning two mobile phone licenses Wednesday,
adding to the existing four companies that provide mobile phone
services in the country.

SingTel's decision to pull out of the mobile license bidding in
Pakistan should boost the chances of the other bidders,
including U.S.-based MCI Inc. (MCIAV) and Norway's Telenor ASA
(TEL.OS), who have expressed interest in the licenses on offer.
The number of companies that will actually participate in the
auction will only be known Wednesday.

The 15-year licenses offered will be for either Global System
for Mobile, or GSM, or Code Division Multiple Access, or CDMA.

SingTel's move to pull out of the bid has raised speculations
that the company may instead be eyeing the state-run Pakistan
Telecommunications Corporation (PTC).

SingTel had earlier this year expressed interest in the state-
run company, and the Pakistan government is looking to sell up
to a 26 percent stake in it as part of a privatization process.

The stake sale has been under the consideration by Pakistan
Telecom's new management, which has been given the mandate to
decide on the sale process within three months.

Analysts say SingTel, which has mobile phone operations in five
countries outside Singapore, is seeking to expand in fast-
growing markets as it embarks on its new phase of regional
expansion.

Analysts say if SingTel is to expand, it needs to look further
afield - such as in Pakistan - as most countries in Singapore's
immediate vicinity either don't offer much growth opportunities
or aren't currently open to foreign involvement.

SingTel has spent about S$20 billion (US$1=S$1.6688) in recent
years to grow its regional business, which includes Optus,
Australia's second biggest telecom operator, and mobile phone
associates in Thailand, Indonesia, the Philippines and India.


UNITED ENGINEERS: Announces a Change in Interest
------------------------------------------------
The following is a notice filed by United Engineers Holdings
pertaining to a director's interest and change in interest with
the Singapore Exchange, and quoted by Dow Jones.

Part I

1. Date of notice to issuer:   12 April 2004
2. Name of Director: Dominic Tan Eng Kiat
(Director of some of
UE Group's
subsidiaries

3. Please tick one or more appropriate box(es):

a Director's (including a director who is a substantial
shareholder) Interest and Change in Interest.

     [Please complete Parts II and IV]
     [Please complete Parts III and IV]

Part II

1. Date of change of shareholding:  12 April 2004

2. Name of Registered Holder:   Dominic Tan Eng Kiat

3. Circumstance(s) giving rise to
the interest or change in interest: Exercise of share
options/convertibles

4. Information relating to shares
held in the name of the Registered Holder:

No. of shares held before the change: 268,154

As a percentage of issued share capital: 0.126

No. of shares which are the subject of
this notice:     149,600

As a percentage of issued share capital: 0.071

Amount of consideration (excluding
brokerage and stamp duties) per share
paid or received:     81,600 shares at $1.19
68,000 shares at $1.14

No. of shares held after the change: 417,754

As a percentage of issued share capital: 0.197

Part III

1. Date of change of interest:

2. The change in the percentage level: From  % to   %

3. Circumstance(s) giving rise to the
interest or change in interest:

4. A statement of whether the change
in the percentage level is the result
of a transaction or a series of
transactions.

Part IV

1. Holdings of Director, including direct and deemed interest:

The percentage of stockholdings are calculated based on the
enlarged share capital of United Engineers Limited as at the
date hereof which is 212,100,573.

Amount of consideration is denominated in Singapore dollars
unless otherwise noted.


WINTERVALE LTD: Court Sets Petition Hearing Date
------------------------------------------------
Notice is hereby given that a petition for the winding up of
Wintervale Limited Ltd. by the High Court of Singapore was on 31
March 2004 presented by Tradeline LLC, a company incorporated
under the laws of Dubai and having its registered office at P O
Box 55409, Dubai, UAE and Abul Khair Steel Products Ltd, a
company incorporated under the laws of Bangladesh and having its
registered office at D.T. Road, Pahartali, Chittagong,
Bangladesh, its creditors. The said Petition will be heard
before the Court sitting at 10 a.m. on the 23 April 2004. Any
creditor or contributory of the said company desiring to support
or oppose the making of an order on the Petition may appear at
the time of hearing by himself or their counsel for that
purpose; and a copy of the Petition will be furnished to any
creditor or contributory of the said company requiring the copy
of the Petition by the undersigned on payment of the regulated
charge for the same.

The Petitioners' address is care of 150 Beach Road, #32-00 The
Gateway West, Singapore 189720.

The Petitioners' solicitors are Messrs ANG & PARTNERS, 150 Beach
Road, #32-00 The Gateway West, Singapore 189720.

Messrs Ang & Partners
Solicitors for the Petitioners.

Note: Any person who intends to appear on the hearing of the
Petition must serve on or send by post to the above named Messrs
ANG & PARTNERS, 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 above named not later than 12 o'clock noon of
the 22 April 2004 (the day before the day appointed for the
hearing of the Petition).

The Singapore Government Gazette announcement is dated 12 April
2004.


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


M.D.X: SET Allows Securities Listing
------------------------------------
Starting from April 19, 2004, the Stock Exchange of Thailand
(SET) allowed the securities of M.D.X. PCL (MDX) to be listed on
the SET after finishing capital increase procedures.

However, MDX is a listed company under REHABCO sector and is in
the rehabilitation process, therefore, the SET has still
suspended trading all securities of MDX until the causes of
delisting are eliminated.

Anyway, the company could request the SET to allow continued
trading under the REHABCO category after it completed the
conditions specified by the SET.

Name:  MDX

Issued and Paid up Capital (Par value 10 baht per share)

Old:  1,656,303,780 Baht

New: 4,703,963,450 Baht

Allocate to: the debt - to-equity conversion of creditors who
exercised option 2 of  rehabilitation plan total 304,765,967
shares

Ratio: 10 baht of debt equal 1 ordinary share

Price Per Share: 10 Baht

Payment date:   -

Contact:  M.D.X. PUBLIC COMPANY LIMITED
          NAILERT TOWER, FLOOR 7, 10,2/4 WIRELESS ROAD,
          LUMPINI, PATHUM WAN, Bangkok
          Telephone: 0-2253-0428-36, 0-2267-9071
          Fax: 253-0427, 2532731


                            *********


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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