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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, October 14, 2004, Vol. 7, No. 204

                            Headlines

A U S T R A L I A

AJS HOLDINGS: Unveils EGM's Result
CURTIS INTERNATIONAL: Winds Up Voluntarily
DLC MANAGEMENT: Joint and Several Liquidators Appointed
ELECTRONIC INTERIORS: Members Resolve to Voluntary Wind Up
JIM POULSEN: Final Meeting Slated for October 18

LAS HOLDINGS: Sets Final Meeting Slated on October 15
LUKEMAN AUSTRALIA: Final Meeting Scheduled October 15
MULTI MINERALS: Receivers, Managers Appointed
NEXUS INDUSTRIES: Joint Meeting Slated for October 13
PODCO MANUFACTURING: Receivers and Managers Named

PRIMELIFE CORPORATION: To Further Draw Down AU$2Mln
QANTAS AIRWAYS: To Raise Fuel Surcharge Again
QANTAS AIRWAYS: Air NZ Mulls Alliance in the Future
SHELBOURNE INVESTMENTS: To Hold Final Meeting October 15
SOUTH EASTERN: Creditors Must Prove Claims by October 14

SOUTH WEST: To Face Voluntary Winding Up Proceedings
TIPTONWAY PTY: To Convene Final Meeting on October 19
UCS AUSTRALIA: Sets October 15 as Date of Final Meeting


C H I N A  &  H O N G  K O N G

HANVAST DEVELOPMENT: Members, Creditors Meeting Set October 18
HERO POINT: Winding Up Hearing Slated for October 20
HEUNG FAT: To Face Winding Up Proceedings
HK XINDONGFANG: Enters Bankruptcy Proceedings
KONG SUN: Court To Hear Winding Up Petition

MAN CHI: Court Issues Bankruptcy Order
MANY HARVEST: Winding Up Petition Hearing Set October 13
TOPO TECHNOLOGH: Winding Up Hearing Scheduled November 10
* BOC and CCB to Launch Stock Sales Next Year


I N D O N E S I A

ASIA PULP: Sets Aside Sumatran Forest Tract for Conservation
ASTRA INTERNATIONAL: Shares Rise After Snagging Permata Bid
BANK PERMATA: BI Indicates Favorite in Stake Tender
INDOFOOD SUKSES: Moodys' Revises B1 Rating to Stable
* Finance Minister Defends Debt Discount Policy

* Foreign Investment Surges 24% in September
* China To Aid Ailing Textile Industry


J A P A N

DAIEI INCORPORATED: Reconsiders IRCJ Aid
DAIEI INCORPORATED: Cabinet Ministers Back Revival Plan
DAIKYO INCORPORATED: Australian Unit Fears Tourism Assets May Go
JAPAN AIRLINES: To Launch In-flight Internet Service
OKUMUSASHI SANGYO: Enters Bankruptcy

RESONA HOLDINGS: Customer Files for Civil Rehab Proceedings
UFJ HOLDINGS: Rejects Private Bailout for Daiei


K O R E A

HANARO TELECOM: Adds New Affiliate
HANARO TELECOM: Details Disposal of Equity in Affiliate
LG CARD: Expects to Book Profit in 2 Years


M A L A Y S I A

CEPATWAWASAN GROUP: Releases Litigation Update
CONSOLIDATED FARMS: Proposes Restructuring Scheme
CSM CORPORATION: Bursa Malaysia To Delist Securities
CSM CORPORATION: Posts Practice Note No. 1/2001 Status
FORESWOOD GROUP: Updates Regularization Scheme

GOLDEN FRONTIER: Issues Shares Buy Back Notice
INNOVEST BERHAD: Government Orders Tax Payments
INTEGRATED RUBBER: Shareholders OK AGM Resolutions
KELANAMAS INDUSTRIES: MPTECH Completes Restructuring Scheme
METROPLEX BERHAD: Releases Default Status Update

MTD CAPITAL: Purchases 14,800 Ordinary Shares on Buy Back
OLYMPIA INDUSTRIES: Notes Quarterly Update on MOU
OLYMPIA INDUSTRIES: Proposes Renewal of Shareholder's Mandate
PILECON ENGINEERING: Clarifies Newspaper Reports


P H I L I P P I N E S

DIGITAL TELECOMMUNICATIONS: Discloses Amended Quarterly Report
GRAND BOULEVARD: Court Dismisses Debt Rehab Petition
METRO PACIFIC: Clarifies " Nenaco Stock Delisting" Report
METRO PACIFIC: Comments on "Selling Common Shares" Article
METRO PACIFIC: Clarifies Tender Offer News

NEGROS NAVIGATION: Board OKs Delisting of Shares
PHILIPPINE LONG: To List More Shares on Wednesday


S I N G A P O R E

HO WAH: Sets 28th Annual General Meeting October 28
HO WAH: To Hold 29th Annual General Meeting on October 28
HO WAH: To Convene 30th Annual General Meeting on October 28
HO WAH: Releases Auditors Financial Statement
INTEGRATED TECHNIQUE: Winding Up Order Made

KOH BROTHERS: Posts Change in Shareholder's Interest
MUHAN COMMODITY: To Undergo Winding Up Proceedings
NEPTUNE ORIENT: Reveals Change in Shareholders Interest
PANPAC MEDIA: Quantum Capital Converts Tranche 1 Notes
PRESTIGE OFFICE: Court Issues Winding Up Notice

PROLUX INTERNATIONAL: Faces Winding Up Proceedings
SEASON SILK: Receives Winding Up Notice


T H A I L A N D

K.C. PROPERTY: Notes Rehabilitation Plan Progress
KRUNG THAI: Outgoing President Not Filing Lawsuit Yet
KRUNG THAI: Details Debenture Issuance and Offering
TONGKAH HARBOUR: Posts Production Output for August-September
TPI POLENE: Submits 3Q Unreviewed and Consolidated FS

     -  -  -  -  -  -  -  -

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


AJS HOLDINGS: Unveils EGM's Result
----------------------------------
At an Extraordinary General Meeting of AJS Holdings (Qld) Pty
Ltd (In Voluntary Liquidation), duly convened and held at the
offices of Bentleys MRI, Chartered Accountants, Level 26, 10
Eagle Street, Brisbane, on the 3rd day of September 2004 the
following Special and Ordinary Resolutions were passed:

That the Company be wound up as a Members' Voluntary Liquidation
and that it's assets of the company be distributed in whole or
in part to the members in specie should the Liquidator so
desire.

That William John Fletcher of Bentleys MRI, Chartered
Accountants, be appointed Liquidator for the purposes of such
winding up.

Dated this 3rd day of September 2004

William John Fletcher
Liquidator
Bentleys MRI Chartered Accountants
Level 26, 10 Eagle Street,
Brisbane Qld 4000
Telephone: (07) 3222 9777


CURTIS INTERNATIONAL: Winds Up Voluntarily
------------------------------------------
Take notice that at a Meeting of Members of Curtis International
Pty Ltd duly convened and held at the offices of Bentleys MRI
Perth, 1st Floor, 10 Kings Park Road, West Perth on Wednesday, 1
September 2004, it was resolved that the company be wound up
voluntarily and that Anthony Hayes Douglas-Brown be appointed
Liquidator.

Dated this 1st day of September 2004

Anthony Foy
Director
c/- Bentleys MRI Perth
Chartered Accountants
10 Kings Park Road,
West Perth WA 6005
Telephone: 08 9480 2000


DLC MANAGEMENT: Joint and Several Liquidators Appointed
-------------------------------------------------------
Notice is hereby given that at an extraordinary general meeting
of members of the DLC Management Pty Ltd (In Liquidation) held
on 31 August 2004, it was resolved that the company be wound up
voluntarily and that for such purpose, Christopher Michael
Williamson and Kimberley Andrew Strickland of Hall Chadwick,
Chartered Accountants, Level 40, BankWest Tower, 108 St George's
Terrace, Perth WA 6000 be appointed Joint and Several Voluntary
Liquidators.

At a meeting of creditors held on the same day the appointment
of the liquidators was ratified.

Dated this 1st day of September 2004

C.M. Williamson
Liquidator
Hall Chadwick
Level 40, BankWest Tower,
108 St George's
Terrace, Perth WA 6000


ELECTRONIC INTERIORS: Members Resolve to Voluntary Wind Up
----------------------------------------------------------
Notice is hereby given that at an extraordinary general meeting
of members of Electronic Interiors Myaree Pty Ltd (In
Liquidation) held on 3 September 2004, it was resolved that the
company be wound up voluntarily, and that at a meeting of
creditors held on the same day it was resolved that Gary John
Anderson, Chartered Accountant, Level 1, 12 Prowse Street,
West Perth WA 6005 be appointed Liquidator.

Dated this 3rd day of September 2004

Gary Anderson
Liquidator
PO Box 1661,
West Perth WA 6872
Telephone: (08) 9486 7822,
Facsimile: (08) 9226 4250,
E-mail: garya@iinet.net.au


JIM POULSEN: Final Meeting Slated for October 18
------------------------------------------------
Notice is given that a final meeting of members and creditors of
Jim Poulsen Painting Pty Ltd (In Liquidation) will be held at
the offices of PPB Chartered Accountants, Level 4, 31 Sherwood
Road, Toowong Qld at 11:00 a.m. on Monday, 18 October 2004.

The purpose of the meeting is to:

(a) Show the manner in which the property of the company has
been disposed of;

(b) Lay the accounts before the meeting;

(c) Hearing any explanation that may be given by the Liquidator;
and

(d) Approve the destruction of the books and records of the
company upon approval by the Australian Securities and
Investment Commission.

Dated this 3rd day of September 2004

Andrew Fielding
Liquidator
PPB Chartered Accountants & Business
Reconstruction Specialists
Level 4, 31 Sherwood Road,
Toowong Qld 4066
Telephone: (07) 3371 7244,
Facsimile: (07) 3371 7311


LAS HOLDINGS: Sets Final Meeting Slated on October 15
-----------------------------------------------------
Notice is hereby given that a final combined meeting of the
members and creditors of Las Holdings Pty Ltd (In Liquidation)
will be held at the offices of Knights Insolvency
Administration, 14th Floor, Brisbane Club Tower, 241 Adelaide
Street, Brisbane Qld 4001 on 15 October at 3:00 p.m.

AGENDA

(1) To receive an account made up by the Liquidator showing how
the winding up has been conducted, how the property of the
company has been disposed of, and to receive any explanation
required thereof.

(2) Any other business.

Dated this 7th day of September 2004

Jonathan Mcleod
Liquidator


LUKEMAN AUSTRALIA: Final Meeting Scheduled October 15
-----------------------------------------------------
Notice is hereby given that a final combined meeting of the
members and creditors of Lukeman Australia Pty Ltd (In
Liquidation) will be held at the offices of Knights Insolvency
Administration, 14th Floor, Brisbane Club Tower, 241 Adelaide
Street, Brisbane Qld 4001 on 15 October at 2:00 p.m.

AGENDA

(1) To receive an account made up by the Liquidator showing how
the winding up has been conducted, how the property of the
company has been disposed of, and to receive any explanation
required thereof.

(2) Any other business.

Dated this 7th day of September 2004

Jonathan Mcleod
Liquidator


MULTI MINERALS: Receivers, Managers Appointed
---------------------------------------------
Notice is hereby given that on 30 August 2004 Paul Desmond
Sweeney and Terry Van Der Velde of S V Partners, Level 16, 120
Edward Street, Brisbane were appointed receiver to Multi
Minerals Pty Ltd A.C.N. 097 875 762 by Asset Loan Company Pty
Ltd A.C.N. 101 054 997 pursuant to the powers contained in a
charge dated 22 December 2004 (Registered No. 1009097).

Dated this 31st day of August 2004

Paul Hare
Director
Asset Loan Company Pty Ltd


NEXUS INDUSTRIES: Joint Meeting Slated for October 13
-----------------------------------------------------
Notice is hereby given that a Joint Meeting of Members and
Creditors of Nexus Industries Pty Ltd (In Liquidation) will be
held at the Meeting Room, B.K. Taylor & Co., 9th Floor, 608 St
Kilda Road, Melbourne on Wednesday, 13 October 2004 at 3:30 p.m.
for the purpose of laying before the meeting an account of the
Liquidator's acts and dealings and of the conduct of the winding
up.

Members and Creditors are advised that the Liquidator's accounts
of receipts and payments may be inspected at the offices of B.K.
Taylor & Co., 8th Floor, 608 St Kilda Road, Melbourne during
business hours.

Dated this 23rd day of August 2004

Barry Keith Taylor
Liquidator
B.K. Taylor & Co
8/608 St Kilda Road,
Melbourne Vic 3004


PODCO MANUFACTURING: Receivers and Managers Named
-------------------------------------------------
Bibby Financial Services Australia Pty. Ltd. A.C.N. 101 657 041
give notice that on the 20th day of August 2004, it appointed
Bruno A. Secatore and Stirling L. Horne of Bentleys MRI, 114
William Street, Melbourne as Receivers and Managers of the
property of Podco Manufacturing Company Pty. Ltd., being the
property specified in the Schedule under the powers obtained in
an instrument dated 5th day of December 2003 Registered no.
1009702 in the Australian Register of Company Charges being:

SCHEDULE

All the property, whether real or personal, of Podco which is
charged or otherwise encumbered under the Charge, including but
not limited to:

(1) All debts owed to Podco;

(2) Any other present or future entitlements which Podco may
have whether contractual or otherwise to issue a claim or demand
or to raise a Tax Invoice or Tax Invoices to any person,
corporation or entity by reason where of a debt may become
payable to Podco by such person, corporation or entity;

(3) All plant and equipment;

(4) All other fixed assets; and

(5) All other assets and property whether real or personal,
which are the subject of the Charge.

Dated this 3rd day of September 2004

For and on behalf of Bibby Financial Services
Australia Pty. Ltd.


PRIMELIFE CORPORATION: To Further Draw Down AU$2Mln
---------------------------------------------------
Primelife Corporation's Board announced in a press release an
extension to the existing loan facility with major shareholders,
Albany Bay Investments RV Pty Ltd and Babcock & Brown Pty Ltd,
to facilitate a further draw down of AU$2 million.

The additional AU$2 million (AU$1 million from interests
associated with each shareholder) has been lent to the Company
on arms length terms to assist with short term capital
requirements, pending the successful completion of the proposed
AU$75 million capital raising. Funds are being used to:

- Complete the Avonlea, Mentone - 70 bed hostel;

- Infrastructure and entrance road work at Waterford Valley in
preparation for the commencement of construction of Village 2;

- Commencement of Tannoch Brae, Geelong, Stage 2;

- Completion of 8 units at Meadowvale, Pakenham;

- Commencement of construction works at Glendale, Werribee - 105
hostel beds.

In addition, Mornington Peninsula Shire has approved the
planning permit for a 110-unit retirement village in Mt Martha.
Construction is planned to commence in early 2005.

CONTACT:

Primelife Corp. Ltd.
210 Kings Way,
South Melbourne, Victoria,
Australia, 3205
Head Office Telephone: (03) 8699 3300
Head Office Fax: (03) 8699 3414
Website: http://www.primelife.com.au/


QANTAS AIRWAYS: To Raise Fuel Surcharge Again
---------------------------------------------
Qantas Airways Limited is poised to increase its fuel surcharge
for the second time in three months amid skyrocketing oil
prices, the Sydney Morning Herald reports, citing the Australian
Financial Review (AFR).

An AFR article revealed that the Australian carrier was aiming
to charge an extra AU$5 to AU$10 on international flights and
could also raise the domestic levy by a few dollars.

The AFR quoted Qantas Chief Financial Officer Peter Gregg as
saying that the airline is likely to lift its prices this week,
saying the domestic charge could climb "by a few dollars".

"We are concerned about the impact it might have in the domestic
market on demand," Mr. Gregg said.

Due to rising oil costs, Qantas decided in August to increase
the fuel surcharge of its local and international tickets by
AU$4 and AU$7, respectively. The move followed the introduction
of an AU$6 surcharge on domestic flights in May.

Prior to the August surcharge increase, Qantas reported a net
profit of AU$648.4 million for 2003/04, a record full year net
profit that was up 88 per cent or AU$304.9 million from the same
period a year earlier.

CONTACT:

Qantas Airways
Qantas Centre, Level 9,
Building A, 203 Coward Street,
Mascot, Nsw, Australia, 2020
Head Office Telephone: (02) 9691 3636
Head Office Fax: (02) 9691 3339
Web site: http://www.qantas.com


QANTAS AIRWAYS: Air NZ Mulls Alliance in the Future
---------------------------------------------------
Air New Zealand will revisit its alliance plan with Qantas
Airways in the coming years after the competition authority's
delayed approval of the now-abandoned plan, reports the Sydney
Morning Herald.

Air NZ chief executive Ralph Norris confirmed the airline might
try again to form an alliance with Qantas in two to three years.

The plan that saw Qantas taking a 22 percent stake in Air NZ and
the airlines co-operating on flights was earlier rejected by the
Commerce Commission and an appeal in the High Court.

When the appeal was rejected 22 days ago, Air NZ said it would
move on and pursue other ways of co-operation that did not
breach the Commerce Act.

"I think this decision on the Australian side gives us the
opportunity to look at a re-application in two or three years to
the New Zealand Commerce Commission," Mr. Norris told NZPA.

He said the Australian Competition Tribunal decision gave Air NZ
more grounds for hope that a fresh application would succeed.


SHELBOURNE INVESTMENTS: To Hold Final Meeting October 15
--------------------------------------------------------
Notice is given that pursuant to Section 509 of the Corporations
Act, the final meeting of the members of Shelbourne Investments
Pty Ltd (In Voluntary Liquidation) will be held in the meeting
room of SimsPartners, Level 11, 145 Eagle Street, Brisbane,
Queensland, on 15 October 2004 at 10:00 a.m.

(1) To receive an account made up by the Liquidator showing how
the winding up has been conducted, the property of the company
has been disposed of, and to receive any explanation required
thereof.

(2) Any other business.

Dated this 6th day of September 2004

Ray Richards
Grant Sparks
Joint and Several Liquidators
Sims Partners
Level 11, 145 Eagle Street,
Brisbane Qld 4000
Telephone: (07) 3831 2700,
Email: bris@simspartners.com.au


SOUTH EASTERN: Creditors Must Prove Claims by October 14
--------------------------------------------------------
A final dividend is to be declared on the 18th of October 2004
for South Eastern Medical Complex Limited (In Member's Voluntary
Liquidation).

Creditors whose debts or claims have not already been admitted
are required on or before 14th day of October 2004 to formally
prove their debts or claims.  If they do not, they will be
excluded from the benefit of the dividend.

Dated this 3rd day of September 2004

Michael Scales
Liquidator
South Eastern Medical Complex Limited (in liquidation)
Ernst & Young
120 Collins Street,
Melbourne Vic 3000
Telephone: 03 9288 8000


SOUTH WEST: To Face Voluntary Winding Up Proceedings
----------------------------------------------------
At a general meeting of South West Operating Systems Pty Ltd (In
Liquidation), duly convened and held on 3 September 2004, the
following special resolution was passed:

That the Company be wound up voluntarily and that Brian Keith
McMaster and Oren Zohar, of KordaMentha, Level 11, 37 St
George's Terrace, Perth, be appointed as joint and several
liquidators for the purposes of the winding up.

Dated this 6th day of September 2004

Oren Zohar
Liquidator
South West Operating Systems Pty Ltd
KordaMentha
Telephone: (08) 9221 6999


TIPTONWAY PTY: To Convene Final Meeting on October 19
-----------------------------------------------------
Notice is given that a final meeting of members and creditors of
Tiptonway Pty Ltd (In Liquidation) trading as T.J.S. Electrical
Services will be held at the offices of PPB Chartered
Accountants, Level 4, 31 Sherwood Road, Toowong at 12:00 p.m. on
Tuesday, 19 October 2004.

The purpose of the meeting is to:

(a) Show the manner in which the property of the company has
been disposed of;

(b) Lay the accounts before the meeting;

(c) Hearing any explanation that may be given by the Liquidator;
and

(d) Approve the destruction of the books and records of the
company upon approval by the Australian Securities and
Investment Commission.

Dated this 2nd day of September 2004

Andrew Fielding
Liquidator
PPB Chartered Accountants & Business Reconstruction Specialists
Level 4, 31 Sherwood Road,
Toowong Qld 4066
Telephone: (07) 3371 7244,
Facsimile: (07) 3371 7311


UCS AUSTRALIA: Sets October 15 as Date of Final Meeting
-------------------------------------------------------
Notice is given that a final meeting of members of UCS Australia
Pty Ltd (In Voluntary Liquidation) will be held at Level 32, 345
Queen Street, Brisbane, Qld, 4000, on 15 October 2004 at 10:00
a.m.

The purpose of the meeting is to receive the Liquidator's
account showing how the winding up has been conducted and the
property of the company has been disposed of, and to receive any
explanation of the account.

Dated this 6th day of September 2004

G.E. Grady
Liquidator
c/- McGrathNicol+Partners
Level 32, Central Plaza One, 345 Queen Street,
Brisbane Qld 4000
Telephone: (07) 3333 9820


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


HANVAST DEVELOPMENT: Members, Creditors Meeting Set October 18
--------------------------------------------------------------
Notice is hereby given that pursuant to Section 247 of the
Companies Ordinance, a meeting of the Members of Hanvast
Development Limited will be held at Suites 3416-19, 34th Floor,
Jardine House, No. 1 Connaught Place, Central, Hong Kong on the
18th day of October 2004 at 9:45 a.m.

It will be followed by a meeting of the Creditors of the company
to be held at the same place at 10:15 a.m. for the purpose of
receiving an account of the liquidator's act and dealings and of
the conduct of the winding up of the company during the
preceding year.

A member or creditor entitled to attend vote at the above
meeting may appoint proxy to attend and vote in his behalf. A
proxy need not be a member or creditor of the company. Forms of
proxies for both meetings must be lodged at Suites 3416-19, 34th
Floor, Jardine House, No. 1 Connaught Place, Central, Hong Kong.

Members' proxies should be lodged at the above address not less
than 48 hours before the time for holding the members' meeting
and creditors' proxies not later than 4:00 p.m. on the day
before the meetings.

Dated this 24th day of September 2004

Wong Tak Leung, Charles
Liquidator


HERO POINT: Winding Up Hearing Slated for October 20
----------------------------------------------------
Notice is hereby given that a Petition for the Winding up of
Hero Point International Limited by the High Court of Hong Kong
Special Administrative Region was on the 1st day of September
2004 presented to the said Court by Bank of China (Hong Kong)
Limited whose registered office is situated at 14th Floor, Bank
of China Tower, 1 Garden Road, Hong Kong, which petition was
amended on the 30th of September 2004.

The said Petition will be heard before the Court at 9:30 am on
the 20th day of October 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. 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.

W. I. Cheung & Co.
Solicitors for the Petitioner
Rooms 2505-10, Wing On House
71 Des Voeux Road Central
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 to do so.  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 19th day of
October 2004.


HEUNG FAT: To Face Winding Up Proceedings
-----------------------------------------
Notice is hereby given that a Petition for the Winding up of
Heung Fat Holdings Limited by the High Court of Hong Kong
Special Administrative Region was on the 22nd day of September
2004 presented to the said Court by Bank of China (Hong Kong)
Limited whose registered office is situated at 14th Floor, Bank
of China Tower, 1 Garden Road, Hong Kong.

The said Petition will be heard before the Court at 9:30 am on
the 3rd day of November 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. 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.

Messrs. Liu, Chan And Lam
Solicitors for the Petitioner
Room 2102, Tower 1
Admiralty Centre, 18 Harcourt Road
Queensway, 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 to do so.  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 2nd day of
November 2004.


HK XINDONGFANG: Enters Bankruptcy Proceedings
---------------------------------------------
Notice is hereby given that a Petition for the Winding up of HK
Xindongfang (Wing Sun) Trading Company Limited by the High Court
of Hong Kong Special Administrative Region was on the 10th day
of September 2004 presented to the said Court by Royal Selangor
(HK) Limited.

The said Petition will be heard before the Court at 9:30 am on
the 20th day of October 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. 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.

Huen & Partners
Solicitors for the Petitioner
Units 3309-11, 33rd Floor, West Tower
Shun Tak Centre, 168-200 Connaught Road Central
Sheung Wan, 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 to do so.  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 19th day of
October 2004.


KONG SUN: Court To Hear Winding Up Petition
-------------------------------------------
Notice is hereby given that a Petition for the winding up of
Kong Sun Engineering & Construction Company Limited by the High
Court of Hong Kong Special Administrative Region was on the 9th
day of August 2004 presented to the said Court by Driltech
Ground Engineering Ltd., whose registered office is situated at
Blocks A & B, 9th Floor, Hong Kong Spinners Industrial Building,
Phase V1, 481-483 Castle Peak Road, Kowloon, Hong Kong, which
petition was amended on the 30th of September 2004 pursuant to
the Order of Master J. Wong dated 30th September 2004.

The said Petition will be heard before the Court at 10:00 am on
the 20th day of October 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. 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.

Wong & Fok
Solicitors for the Petitioner
Room 1801, 18th Floor, Tuen Mun Parklane Square
2 Tuen Hi Road, Tuen Mun
New Territories, 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 to do so.  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 19th day of
October 2004.


MAN CHI: Court Issues Bankruptcy Order
--------------------------------------
Notice is hereby given that a Bankruptcy Order for Man Chi Keung
trading as Chi Ling Hong Company (Hong Kong) was made on the
27th of September 2004.

All debts due to the estate should be paid to the undersigned.

E T O'CONNELL
Official Receiver

This notice was published in The Standard on October 8, 2004.


MANY HARVEST: Winding Up Petition Hearing Set October 13
--------------------------------------------------------
Notice is hereby given that a Petition for the Winding up of
Many Harvest Construction & Engineering Company Limited by the
High Court of Hong Kong Special Administrative Region being
amended on the 16th day of September 2004 and re-amended on 22nd
September 2004 was presented to the said Court on the 25th of
August 2004, the 17th of September 2004 and the 25th of
September 2004 respectively by Lee Tak Shing Henry trading as
Tak Man Engineering Company whose address is No. 22 Second
Street, Section C, Fairview Park, Yuen Long, New Territories,
Hong Kong.

The said Petition will be heard before the Court at 9:30 am on
the 13th day of October 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. 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.

Messrs. Chan & Tsu
Solicitors for the Petitioner
Room 1002, 10th Floor, China Insurance Group Building
No. 141 Des Voeux Road Central
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 to do so.  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 12th day of
October 2004.


TOPO TECHNOLOGH: Winding Up Hearing Scheduled November 10
---------------------------------------------------------
Notice is hereby given that a Petition for the Winding up of
Topo Technologh Trading Company Limited by the High Court of
Hong Kong Special Administrative Region was on the 23rd day of
September 2004 presented to the said Court by Maxell Asia
Limited whose registered office is situated at 506, World
Commerce Centre, Harbour City, Phase 1, 11 Canton Road, Kowloon,
Hong Kong.

The said Petition will be heard before the Court at 9:30 am on
the 10th day of November 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. 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.

Poon Yeung & Li
Solicitors for the Petitioner
Unit 2303, 23rd Floor, Golden Center
No. 188 Des Voeux Road Central
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 to do so.  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 9th day of
November 2004.


* BOC and CCB to Launch Stock Sales Next Year
---------------------------------------------
Bank of China (BOC) and China Construction Bank (CCB) are poised
to sell their stocks by next year, The Standard reports, citing
the country's bank chief, Zhou Xiaochuan.

However, there are still a number of things to accomplish ahead
of the intended shares sale.

CCB is targeting raise up to US$10 billion (HK$78 billion) in a
three-way stock sale in Hong Kong, Shanghai and New York. BOC,
on the other hand, aims to reap US$4 billion from a dual stock
offering in Hong Kong and Shanghai and possibly sell shares to
mainland investors only.

Mr. Zhou, who made a speech on October 2 in Washington to
representatives of the International Monetary Fund and the World
Bank, did not disclose on what stock exchanges the two banks
would issue shares. He also added that the other main state-
owned banks namely Industrial and Commercial bank and
Agricultural Bank were still undergoing reforms.

The country's thrust to sell shares of CCB and BOC, the largest
foreign-exchange bank started last year when the government
placed US$22.5 billion into the two firms.

Aside from wooing foreign strategic investors, which include
Citigroup, JPMorgan, and UBS, China Construction had Yangtze
Power, State Grid Corp and Shanghai-listed Boashan Steel for a
combined 4.1 per cent stake in CCB, the three companies are said
to have shelled out HK$7.5 billion for the stake.

However, analysts say BOC's stock sale does not look very
promising, as the bank has not generated enough capital, which
could scale back its initial public offering by more than half.

CONTACT:

China Construction Bank
25 Finance St.
Beijing, 100032, China
Phone: +86-10-6759-7114
Fax: +86-10-6360-3194
http://www.ccb.com.cn


Bank of China
1 Fuxingmen Nei Dajie
Beijing, 100818, China
Phone: +86-10-6659-6688
Fax: +86-10-6601-4024
http://www.bank-of-china.com


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


ASIA PULP: Sets Aside Sumatran Forest Tract for Conservation
------------------------------------------------------------
Asia Pulp and Paper announced Tuesday it will allocate a tract
of its forest concession in Sumatra island for conservation,
reports Agence France Presse.

The embattled pulp and paper firm has agreed to set aside more
than 85,000 acres (34,000 hectares) of the Indonesian forest for
conservation.

APP's decision came after a study by Smartwood, a sustainable
forestry program of the New York-based Rainforest Alliance.

The Company believes the study is "destined to set a new
standard for the way in which the Indonesian pulpwood industry
assesses its forests for conservation values."

""We accept the results and recommendations and have begun
altering our operation accordingly," APP's deputy chief
executive officer Michael Black declared.

It has been known that Indonesia is losing around two million
hectares of forest annually, up from one million hectares in the
1980s. Forest cover dropped from 162 million hectares in 1950 to
only 98 million hectares in 2000. According to environmental
group Telepak, the primary tropical forests have almost
disappeared from Kalimantan and could also vanish from Sumatra
island by 2005.

The Indonesia Corruption Watch and non-government group
Greenomics Indonesia conducted a research in August, which found
that legitimate forestry firms are contributing to illegal
logging and deforestation activities in Indonesia.

The report confirmed unethical practices by forestry companies
have resulted to squatting and illegal logging in authorized
concessions and at some point, excessive logging by the firms
themselves.

Rapid deforestation has had devastating environmental effects
for both Indonesia and the Southeast Asian region, causing
floods and landslides and shrouding nearby countries with haze
from illegal fires set to clear land.

CONTACT:

Asia Pulp & Paper Company Ltd.
69 Loyang Dr.
508958 Singapore
Phone: +65-6477-6118
Fax: +65-6477-6116
Web site: http://www.asiapulppaper.com


ASTRA INTERNATIONAL: Shares Rise After Snagging Permata Bid
-----------------------------------------------------------
Astra International and Standard Chartered PLC will soon hold
25.5 percent each of Bank Permata shares, after their consortium
was declared preferred bidder for the state's 51-percent stake
in the bank, Antara reports.

Since the consortium was named winning bidder on October 8 by PT
Perusahaan Pengelola Aset (PPA), the shares of the Indonesian
carmaker Astra International have been trading actively in the
stock exchange.

Astra's shares ended higher at IDR7,750, up 1.3 percent on
Monday. Dealers predicted the shares would further climb to
IDR8,000.

The consortium bid the Bank Permata shares for IDR2.77 trillion,
or 3.18 times higher than its book value.

CONTACT:

P.T. Astra International Terbuka
No 8 Jl Gaya Motor Raya Sunter II
Jakarta 14330
Indonesia
Phone: +62 21 652 2555
Fax: +62 21 651 2058/59
Web site: http://www.astra.co.id/


BANK PERMATA: BI Indicates Favorite in Stake Tender
---------------------------------------------------
A consortium of Standard Chartered and Astra International came
closer to acquiring the majority stake in Bank Permata, as Bank
Indonesia (Central bank) indicated it would pass the fit and
proper test, relates Asia Pulse.

Last week, the state Asset Management Company (PPA) named the
consortium as the preferred bidder for the government's 51-
percent stake in Bank Permata.

Bank Indonesia Governor Burhanuddin Abdullah said the chosen
consortium deserves to own the bank although the fit and proper
test has yet to be conducted.

"Everything seems okay, but we will wait for the result of the
fit-and-proper test," Mr. Burhanuddin said.

"BI has been studying the documents. Next week we will hold an
interview," he added.

He also pointed out that he has received favorable information
from the British central bank regarding the affairs of London-
based Standard Chartered and that he had seen the good
performance of Astra's present management.

Meanwhile, Astra corporate secretary Aminuddin said Astra will
create a synergy with Permata with the bank focusing on
financial retail, small and medium scale businesses, and
financing motro vehicle purchases.

CONTACT:

PT Bank Permata Tbk.
Gedung Bank Bali
Jalan Jendral Sudirman Kav. 27
Jakarta 12920
Telephone: 021-52377899 (hunting)
Fax: 021-5237206/8


INDOFOOD SUKSES: Moodys' Revises B1 Rating to Stable
----------------------------------------------------
Moody's Investors Service revised the outlook for the B1 foreign
currency rating of the US$280 million Eurobonds issued by
Indofood International Finance Ltd and guaranteed by PT Indofood
Sukses Makmur Tbk (Indofood) to stable from negative. The change
in outlook reflects the company's maintenance of its dominant
position in Indonesia's instant noodle and flour markets --
although profitability is declining - its relatively strong
credit metrics and management's intention to lower leverage.

The B1 rating reflects Indofood's leading position in
Indonesia's processed food market. The company's product lines
are diversified and supported by a portfolio of well-established
brands. It also exhibits strong brand equity and sustains
significant presences in key domestic markets, such as instant
noodles, flour and edible oil, and exhibits strong brand equity.
Specifically, the company still commands around 80% of the
instant noodle market and 70% of the flour market.

The rating draws added support from Indofood's competitive
advantages, as shown in the strength of its brand equity,
innovative product offerings, extensive nationwide distribution
networks, and scale of production. Furthermore, the company has
used the vertically integrated nature of its production chain --
from flour, cooking oil to seasonings -- to establish a low-cost
base.

In addition, demand for its products is less sensitive, when
compared against others, to economic cycles, given that instant
noodles, flour and edible oils represent food staples in
Indonesia. At the same time, Moody's considers that the low per
capita consumption levels currently evident for flour and edible
oil indicate attractive growth potential.

On the other hand, the rating agency notes that Indofood's
financial flexibility has been hindered by the unfavourable
evolution of the domestic food market's competitive landscape.
The company has seen its margins and market share in the instant
noodle segment suffer erosion, while promotional and marketing
spending has risen to combat competition. However, we have seen
overall margin stabilizing in 2004.

Moody's further notes that Indofood is vulnerable to foreign
exchange risk as over 85% of its revenue is in Rupiah, while
about 60% of its costs are US$ linked and 50% of its debts are
US$ denominated. In addition, the company's credit profile is
exposed to political, economical and social events in Indonesia.

Going forward, Moody's expects the competitive environment to
remain difficult for Indofood, which will need to spend more
cash for promotion and advertising, particularly for its instant
noodle division. While potential for a margin rebound in this
area is currently limited, Indofood remains the market leader
and should maintain sales volumes.

The rating agency draws additional comfort from management's
commitment to de-lever its balance sheet and reduce FX
exposures. Furthermore, the float/outright sale of the Bogasari
flour mills will potentially bring in cash.

Moody's notes that an upward rating trend could emerge if
Indofood regains margins and market shares so that its
EBIT/finance cost (including FX swap costs) ratio trends towards
2.5 on a sustainable basis. On the other hand, negative rating
pressure could develop if the company's margins and market
shares continue to suffer erosion, while increases in marketing
and promotional expenses prompt a deterioration in debt
financing ability, or a further gearing up occurs in its balance
sheet, such that total debt/EBITDA rises to 4.0x and
EBIT/finance cost ratio falls below 1.5x.

PT Indofood Sukses Makmur Tbk, headquartered in Jakarta,
Indonesia, and listed on the Jakarta and Surabaya stock
exchanges, is the largest processed foods manufacturer in the
country.

CONTACT:

Indofood Sukses Makmur Tbk
Gedung Ariobimo Sentral,
12th Fl., Jl. H.R. Rasuna Said X-2 Kav
Jakarta 12950,
Indonesia
Phone: +62-21-522-8822
Fax: +62-021-522-6014


* Finance Minister Defends Debt Discount Policy
-----------------------------------------------
Minister of Finance H.E. Boediono dismissed speculations that
there was "political motive" behind the state's latest policy to
offer big discounts to firms indebted to the state, reports The
Jakarta Post.

Mr. Boediono asserted the purpose of the policy was merely to
ease the burden of indebted small- and medium-sized enterprises
(SMEs) in a bid to speed up the debt repayment process.

According to the Minister, early debt settlement would not only
allow the government to recover state funds, but should also
make the SMEs more bankable, helping accelerate economic
recovery.

It was announced over the weekend that the new policy would
entitle SMEs to a 25 percent to 50 percent discount for debt
principal, as well as the writing off of interest rate arrears
and penalties.

Debtors with less than IDR10 billion (about US$1 million) in
debt, which have challenged in the courts an earlier debt
settlement scheme imposed by the now-defunct Indonesian Bank
Restructuring Agency (IBRA), could avail of the facility.

The new policy was made at the same time the outgoing government
is about to end its mandate, raising suspicions of a political
motive behind the move.

However, Mr. Boediono explained the new policy was launched at
such time, as the team was beating a January 2005 deadline to
complete IBRA's unfinished debt-restructuring job.

In order to prevent abuse of the debt discount policy, the
government planned an audit mechanism by an independent auditor.


* Foreign Investment Surges 24% in September
--------------------------------------------
Indonesia's foreign investment approvals climbed 24 percent to a
US$7.99 billion high in the January-September period this year,
up significantly from the same period last year, Reuters
reports.

Domestic investment approvals, likewise, surged 44 percent to
IDR25.13 trillion (US$2.76 billion) from IDR17.5 billion
previously.

In addition, the value of domestic new projects soared 58
percent while domestic project investments jumped 59 percent.

Analysts have hailed the figures as indicators of investor
confidence in the country, which is still trying to pull itself
up from the Asian financial crisis of the late 1990s.

Because 40 percent of the country's labor force is either
jobless or under-employed, Indonesia badly needs more investment
in factories and industry to alleviate its unemployment issues.


* China To Aid Ailing Textile Industry
--------------------------------------
The Chinese government has pledged to provide a low interest
loan of US$150 million to help restructure the country's ailing
textile sector, Asia Pulse says.

Industry and Trade Minister Rini M.S. Soewandi said the credit,
which will carry a 3 percent annual interest and will be
channeled through the Bank of China's Jakarta branch, will be in
the form of machinery to modernize and replace aging textile and
garment industry infrastructure.

However, before China could fully extend the support, the
Indonesian Textile Association (API) will provide data about
firms that are entitled to obtain the loan.

According to Mr. Rini, the aid is expected to encourage local
banks, which have been reluctant to provide credit, to
participate in reviving the struggling textile industry.

The textile sector badly needed capital to replace its old
machines ahead of the abolition of the quota system next year by
the World trade Organization.

With the abolition of quotas, especially by the United States,
Europe and Canada, the country's depressed textile industry is
likely to face strong competition from China, India and Vietnam.


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


DAIEI INCORPORATED: Reconsiders IRCJ Aid
----------------------------------------
Troubled Daiei Incorporated is now considering turning to the
state-backed turnaround body, reversing an earlier resistance
after pressure from its creditors, says Agence France Presse.

The major retailer's president, Kunio Takagi, confirmed he had
requested the Industrial Revitalization Corporation of Japan
(IRCJ) to continue its assessment of Daiei's assets. However, he
said, no final decision regarding IRCJ's possible involvement in
Daiei's restructuring has been reached yet.

Daiei, which runs a chain of 250 supermarkets and has drawn the
interest of U.S. investors including Wal-Mart, had said earlier
it would ask for the assistance of private companies but not of
the IRCJ.

However, its main creditor banks UFJ, Mizuho Corporate Bank and
Sumitomo Mitsui Banking Corporation on Tuesday pressured Daiei
to seek public help, or else they would withdraw financial
assistance.

"I think Daiei is gradually coming to understand our position,"
UFJ Bank President Takamune Okihara told reporters.

Mr. Takagi and top bank officials were set to convene another
meeting yesterday aimed at asking IRCJ to continue its job on
evaluating Daiei's assets in preparatory measures to help
rebuild the ailing retailer.

Because of Daiei's stubborn resistance to seek IRCJ aid, the
corporate body warned it would terminate efforts to assess the
firm's assets.

Daiei, bailed out in 2001 and 2002 by its creditor banks
following its failed aggressive expansion in the past, had
incurred debts amounting to JPY1.07 trillion (US$9.7 billion) as
of the end of March.

CONTACT:

The Daiei Incorporated
4-1-1, Minatojima Nakamachi,
Chuo-ku, Kobe, 650-0046
Japan
Phone: +81-78-302-5001
Fax: +81-78-302-5572
Web site: www.daiei.co.jp


DAIEI INCORPORATED: Cabinet Ministers Back Revival Plan
-------------------------------------------------------
Cabinet Ministers support Daiei Incorporated's decision to
revive its business without the help of state-backed Industrial
Revitalization Corporation of Japan (IRCJ), The Japan Times
relates.

Economy, Trade and Industry Minister Shoichi Nakagawa declared
Tuesday he supports the private sector-led rehabilitation plans
endorsed by the Daiei board.

"It's good if (Daiei) made such a decision," Mr. Nakagawa told a
news conference.

The debt-ridden retailer decided Monday to junk the proposal
made by its main lenders to submit itself to the IRCJ. It said
it will make a final decision on rehabilitation after studying
the results of next Monday's bidding to select companies to
sponsor its restructuring.

Chief Cabinet Secretary Hiroyuki Hosoda extended his support
behind Daiei's decision, saying, "We must wait and see the Oct.
18 bidding."

Prime Minister Junichiro Koizumi reportedly told Cabinet members
MOnday to work together to help work out the best method for
Daiei's rehabilitation in view of the possible impact on firms
with business ties, creditors, client companies, small
institutions and regional economies.

Financial Services Minister Tatsuya Ito and Finance Minister
Sadakazu Tanigaki said Daiei and its three main creditor banks
should discuss ways to rebuild the retailer, refusing to comment
on specific developments.


DAIKYO INCORPORATED: Australian Unit Fears Tourism Assets May Go
----------------------------------------------------------------
Daikyo Australia, a unit of beleaguered Japanese condominium
builder Daikyo Incorporated, worries that the firm's recent
restructuring scheme could lead to the disposal of more than
AU$1 billion worth of tourism assets in North Queensland, The
Australian reveals.

The Australian unit's director and general manger Trevor Beers
said that Paradise Palms Golf Course, the Cairns Hilton, the
Cairns International Hotel, reef tour operator Great Adventures
and the Green Island and Matson resorts were likely to be sold
as part of a plan to cut the parent company's $4.5 billion debt.

However, Mr. Beers is optimistic a fire sale of Daikyo's prime
tourism portfolio assets could be prevented.

"We're always getting approaches, but we've always held the view
that the assets have got value and that we've never wanted to
sell them at less than their proper value," he said.

"This perhaps is a new twist where we may have a new time frame
that we've got to work to, but we haven't planned or announced
anything or been advised on anything yet, so we really can't do
any more than keep doing what we're doing at the moment."

Many of Daikyo's unused Gold Coast sites comprising five city
blocks were packaged up in June for incorporation in a $1
billion, 10-year joint venture with listed Australian builder
and developer Lend Lease Corporation.

Mr. Beers expected Daikyo to honor all obligations under the
joint venture and to another development called Forest Gardens
in Cairns involving partners Delfin and Lend Lease.

Last month, Daikyo asked the state-backed Industrial
Revitalization Corporation of Japan (IRCJ) and creditors led by
UFJ Holdings Incorporated for JPY176.5 billion in aid, in its
second revival attempt in two years.

CONTACT:

Daikyo Incorporated
24-13 Sendagaya 4-Chome
Sendagaya No. 21 Daikyo Building
Shibuya-Ku 151-8506, Tokyo 151-8506
Japan
Phone: +81 3 3475 1111
Fax: +81 3 3475
Web site: http://www.daikyo.co.jp/


JAPAN AIRLINES: To Launch In-flight Internet Service
----------------------------------------------------
Japan Airlines announced in a press release that it will
introduce an in-flight high-speed Internet connection service,
JAL SkyOnline, on December 9 on the airline's Tokyo-London route
on flights JL401/402.

JAL SkyOnline is based on an Internet access system provided by
Connexion by Boeing, a business unit of The Boeing Company.
Among Asian airlines JAL was the first to announce this service
in November 2003. With JAL SkyOnline passengers will be able to
use their own wireless LAN compatible computers to enjoy real-
time Internet access during flight.

JAL is launching JAL SkyOnline service initially on the Tokyo-
London route, which has particularly high customer demand for
in-flight Internet access services. JAL also intends to install
the system on aircraft on other long-distance routes notably
between Japan and Europe and Japan and the Americas.

In the initial three months, a Connexion by Boeing support
specialist will be on board the flights to support Internet use
by customers in both English and Japanese. JAL SkyOnline will
also include various campaigns in the initial stages of the
service to help promote the service.

JAL SkyOnline service details:

(1) Through JAL SkyOnline service, passengers can use real-time
e-mail and Internet access service plus an access system to a
JAL onboard portal site. Internet access service is provided by
Connexion by Boeing.

(2) Service starts December 9, 2004

(3) Introduction flights are JL401/402 (Tokyo-London) operated
by Boeing 747-400. Initially the service will be provided every
other day.

(4) Service details: sending receiving e-mails with customer's
e-mail addresses; viewing Internet and in-flight portal sites
This will be available to all classes: first class, business
class (JAL Executive Class - Seasons) and economy class.
Available with wireless LAN (802.11 b/g)

(5) E-mail service and Internet access will be charged at the
flat rate of US$29.95 for the Tokyo-London flight or US$9.95 for
a 30-minute usage starter package with rates of US$0.25 per
minute thereafter. The charges will be paid by credit card only.

(6) Viewing of in-flight portal sites is free of charge: the in-
flight server will provide a selection of content such as news,
weather information and company product and service information.

(7) JAL will hold demonstrations of JAL SkyOnline in the
Marunouchi Building in the heart of central Tokyo's business
district November 25-28

(8) See www.jal.co.jp/inflight/internet for further details.

CONTACT:

Japan Airlines Corporation
4-11, Higashi-shinagawa 2-chome,
Shinagawa-ku
Tokyo, 140-8605, Japan
Phone: +81-3-5769-6097
Fax: +81-3-5460-5929
Web site: http://www.jal.co.jp


OKUMUSASHI SANGYO: Enters Bankruptcy
------------------------------------
Golf course operator Okumusashi Sangyo K.K. has entered
bankruptcy with total liabilities of US$91.67 million. The firm
is based in Iruma-gun, Saitama 350-0407.

For more information, visit http://www.teikoku.com/.


RESONA HOLDINGS: Customer Files for Civil Rehab Proceedings
-----------------------------------------------------------
Resona Holdings, Inc. (Resona HD) gave notice that Okumusashi
Sangyo Co., Ltd. (the Company) which is a customer of its
banking subsidiary, Resona Bank, Ltd. (Resona Bank), filed an
application for commencement of civil rehabilitation proceedings
with the Tokyo District Court.

As a result of this development, there arose a concern that the
claims to the Company may become irrecoverable or their
collection may be delayed. Details were announced as follows:

(1) Outline of the Company
Corporate name: Okumusashi Sangyo Co., Ltd.
Address: 1028 Kamiyatsu, Ogose-machi, Iruma-gun, Saitama-ken
Representative: (Liquidator) Hiroshi Kinutani
Amount of capital: JPY300 million
Line of business: Golf course management

(2) Fact Arisen to the Company and Its Date
The Company filed an application for commencement of civil
rehabilitation proceedings with the Tokyo District Court on
October 8, 2004.

(3) Amount of Claims to the Company
Exposure of Resona Bank Loans: JPY3.2 billion
Other claims: JPY0.6 billion
Exposure of Saitama Resona Bank Other claims: JPY0.4 billion

Other banking subsidiaries of Resona HD, Kinki Osaka Bank and
Nara Bank have no claims to the Company.

(4) Impact of This Development on the Forecasted Earnings of
Resona HD The aforementioned claims of Resona Bank are covered
by loan loss reserves. Therefore, the previous earnings
forecasts of Resona HD for the fiscal year ending March 31,
2005, which were announced on May 24, 2004, remain the same.

CONTACT:

Resona Holdings, Inc.
2-1, Bingomachi 2-chome, Chuo-ku
Osaka, 540-8608, Japan
Phone: +81-6-6271-1221
Fax: +81-6-6268-1337
Web site: http://www.resona-hd.co.jp


UFJ HOLDINGS: Rejects Private Bailout for Daiei
-----------------------------------------------
UFJ Holdings Incorporated on Tuesday rejected a plan by its
troubled borrower Daiei Incorporated to seek bailout proposals
from private investors including WalMart Stores, Bloomberg says.

UFJ has insisted Daiei apply for government aid, saying it will
not provide assistance without the involvement of the Industrial
Revitalization Corporation of Japan.

UFJ Bank President Takamune Okihara commented the retailer's
insistence on seeking private funds to help slash its JPY1
trillion debt is "unbelievable".

Ahead of a planned merger with Mitsubishi Tokyo Financial Group
(MTFG) next year, UFJ is cleaning up its balance sheet, a
process that entails reducing its loans to Daiei.

"Obviously, Daiei is going to lose power if it turns itself over
to the IRCJ," said Martin Schulz, who oversees $800 million in
international stocks at National City Investment Management in
Cleveland, Ohio. UFJ wants "to clear the deck so they can get
their books in order."

Daiei is asking for preliminary proposals from Wal-Mart,
Cerberus Partners, Marubeni, Ripplewood Holdings and other
potential investors by Monday. The retailer said it would
continue negotiations with its three creditors and other parties
it did not name.

UFJ was the biggest contributor to Daiei's two previous
bailouts, which totaled JPY520 billion. Other creditors include
Mizuho Financial Group and Sumitomo Mitsui Financial Group.

CONTACT:

UFJ Holdings, Inc.
5-6, Fushimimachi 3-chome,
Chuo-ku, Osaka-shi,
Osaka 541-0044,
Japan
Web site: www.ufj.co.jp


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


HANARO TELECOM: Adds New Affiliate
----------------------------------
In a filing to the U.S. Securities and Exchange Commission,
Hanaro Telecom Inc. issued the details of the addition of a new
affiliate.

(1) Description of Change: Adding of new affiliate

(2) Information on the New Affiliate

Name of the Affiliate: HanaroDream Corp.

Representative: Ahn Beong-kioon

Major Financial Indicators (as of the end of 2003):

Total Assets: KRW 16,292,678,971

- Total Liabilities: KRW 10,406,304,774
- Total Shareholders' Equity: KRW 5,886,374,197
- Capital Stock: KRW 4,033,850,000
- Major Business: Internet Portal Service

(3) Name of the Enterprise Group: Hanaro Telecom, Inc.

(4) Reason for Adding an Affiliate

- To strengthen the competitiveness of existing businesses
- To develop new revenue sources
- To expand the business foundation by combining existing and
newly identified business areas
- To secure potential growth opportunities for the portal
business

(5) The Company's shareholding ratio after the addition
Shareholding rate: 57.02%

(6) Number of Affiliates after the Change: 5

(7) Date of Change: October 6, 2004

(8) Others

Date of Change refers to the date of receiving the notification
issued by the Korea Fair Trade Commission on Prohibition of Debt
Guarantees for Affiliated Company and Prohibition of Cross
Shareholding.

CONTACT:

Hanaro Telecom, Inc. (NASDAQ: HANA)
Shindongah Fire & Marine Insurance Bldg. 43,
Taepyeongno2-Ga, Jung-Gu
Seoul, 100-733, South Korea
Phone: +82-106
Fax: +82-2-6266-4399
Web site: http://www.hanaro.com


HANARO TELECOM: Details Disposal of Equity in Affiliate
-------------------------------------------------------
Hanaro Telecom Inc. advised the U.S. Securities and Exchange
Commission the disposal of equity in its affiliate.

(1) Accumulated disposed amount in the current fiscal year: KRW
4,096,353,800

- Equity Capital of the Company: KRW 2,310,675,900,000 (as of
the end of 2003)

- Ratio to Equity Capital (%): 0.18%

(2) Details

Issuer of the Disposal Object: Hanaro Web(n)TV Co., Ltd.

(A) Object of Disposal: 253,550 shares (common stock)
(B) Relationship with the Company: Affiliate
(C) Disposal Amount(KRW): KRW 4,096,353,800
(D) Purpose of Disposal

Pursuant to Article 14 of Broadcasting Law, Article 14 of its
implementation order and the corrective order issued by the
Korea Communications Commission on May 25, 2004, Hanaro Telecom,
of which largest shareholder is a foreigner, desires to dispose
a portion of its share in Hanaro Web(n)TV Co., Ltd. by investing
in a newly established corporation with goods to reduce its
investment ratio from the current 90.9% down to 49.0%.

(E) Appraisal Value of the Shares(KRW): KRW 4,110,971,636
(F) Date of the Decision: October 5, 2004.
(G) BOD Presence

- Outside director: 5 of 6 were present
- Audit Committee members who are not outside directors: none
(All members of the Company's Audit Committee are outside
directors.)

(H) Total Equity Investment and Investment Amount after Disposal

- Total Equity Investment: 49%
- Total Investment Amount: KRW 4,806,537,335

(I) Others

- The Representative Director is commissioned to make decisions
and implement details regarding investment with goods and
establishment of a corporation that are not above-mentioned.

- The amount of investment with goods is subject to change
depending on its appraised value and court decisions.

- Appraised value of the disposed stock and the money invested
after the disposal were marked based on book values as of the
end of 2003.

- A fair disclosure was filed on May 29, 2004 in relation with
the Korea Communications Commission's corrective order, which is
the purpose of the disposal.


LG CARD: Expects to Book Profit in 2 Years
------------------------------------------
For the first time in two years, LG Card Co. reported a
recurring profit in September that could help trim the losses it
incurred this year, The Korea Herald reports.

In a filing to the Korea Stock Exchange, LG Card said it
expected to earn KRW20 billion to KRW30 billion ($17.45 to
$26.18 million) in recurring profit each month in the fourth
quarter, however it did not give a profit figure for September.

Because of cost cutting measures and improved asset quality, the
company also expects a recurring loss of KRW900 million to KRW1
trillion down from its earlier forecast loss of KRW1.2 trillion.

In August, LG Card expected that it would see a KRW176 billion
in ordinary profit and operating revenue would reach KRW2.85
trillion

In 2006, ordinary profit is estimated to come in at KRW231
billion, with operating revenue reaching KRW2.79 trillion, it
added.


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


CEPATWAWASAN GROUP: Releases Litigation Update
----------------------------------------------
Cepatwawasan Group Berhad issued an update regarding the Civil
Suit No D3-22-1168-2004 by the Company and its subsidiary,
Prolific Yield Sdn. Bhd. against the following persons:

1. Tengku Dato' Kamal Ibni Sultan Sir Abu Bakar (NRIC: 611008-
06-5021) - 1st Defendant

2. Lt Kol Tengku Dato' Kamarul Zaman Ibni Sultan Sir Abu Bakar
(NRIC: 621104-06-5135) - 2nd Defendant

3. Kassim bin Mohamed Ali (NRIC: 570718-10-5915) - 3rd Defendant

4. Abdul Rahim bin Sendiri (NRIC: 460708-06-5203) - 4th
Defendant

5. Opti Temasek Sdn. Bhd. (Company No. 650698-D) - 5th Defendant

6. Yip Kum Wah (NRIC: 390923-08-5783) - 6th Defendant

7. Lee Ah Lan (NRIC: 501002-05-5394) - 7th Defendant for
recovery of RM13 million which was wrongfully and fraudulently
paid out by the former directors of Prolific Yield Sdn. Bhd. to
Opti Temasek Sdn. Bhd. as advance and RM3 million which was
wrongfully and fraudulently paid to a Sheikh Abdul Rahim bin
Sheikh Hassan (NRIC: 681026-06-5133) as advance with no interest
and no fixed term of repayment.

The Board of Directors of the Company wishes to announce that
the following persons have been joined as Defendants to the
suit:

Sheikh Abdul Rahim bin Sheikh Hassan (NRIC: 681026-06-5133) as
8th Defendant

Yip Fook Yian (NRIC: 701106-08-5557) as 9th Defendant and
Yip Chee Meng (NRIC: 690422-08-5771) as 10th Defendant for their
roles in en cashing part of the RM16.0 million.

The Company and Prolific Yield Sdn. Bhd. have:

1. On 10 September 2004, obtained ex parte injunction against
Sheikh Abdul Rahim bin Sheikh Hassan, ie mareva injunction
freezing the assets of Sheikh Abdul Rahim bin Sheikh Hassan and
tracing order to reveal his assets and to inform the Company's
solicitors and the Honourable Court of where the monies have
been transferred to;

2. On 13 September 2004, obtained ex parte injunctions against
Malayan Banking Bhd, RHB Bank Bhd and Hong Leong Bank Bhd for
discovery and tracing to reveal the fund movements of the
accounts and details of the cheques with a view to attempt to
recover and trace the moneys;

3. On 23 September 2004, obtained the following injunctions:

a. Ex parte injunction against Yip Fook Yian and Yip Chee Meng,
ie mareva injunction freezing the assets of Yip Fook Yian and
Yip Chee Meng and tracing orders to reveal their assets and to
inform the Company's solicitors and the Honourable Court of
where the moneys have been transferred to;

b. Ex parte injunction against Malayan Banking Bhd, RHB Bank Bhd
and Hong Leong Bank Bhd for a copy of the cctv surveillance tape
to be handled to the Company's solicitors with copies to the
defendants solicitors;

c. Ex parte injunction against Malayan Banking Bhd, Bangsar Baru
Branch for discovery and tracing to reveal the fund movements of
the saving accounts of Sheikh Abdul Rahim bin Sheikh Hassan; and

d. Ex parte injunction against Resorts World Bhd for discovery
and tracing to reveal the fund movements of the amount of moneys
banked and/or transferred into account of Resorts World Bhd.

The Company wishes to inform that:

I. The ex parte mareva injunction against Yip Fook Yian and Yip
Chee Meng (3a above) was fixed for hearing on 13 October 2004;

II. The ex parte injunctions against Malayan Banking Bhd, RHB
Bank Bhd and Hong Leong Bank Bhd (3b above) were all confirmed
on 12 October 2004;

III. The inter parte hearing of the order against Malayan
Banking Bhd, Bangsar Baru Branch (3c above) was fixed for
hearing on 13 October 2004;

IV. The inter parte hearing of the order against Resorts World
Bhd (3d above) was fixed for hearing on 13 October 2004;

V. The inter parte hearing for the mareva injunction against
Defendants 1 to 7 was adjourned to 14 October 2004 and the
injunction was accordingly extended to 14 October 2004;

VI. The inter parte Anton Pillar Order against Defendant 5 was
confirmed this morning;

VII. The inter parte hearing for the mareva injunction against
Sheikh Abdul Rahim bin Sheikh Hassan was adjourned to 23
November 2004; and

VIII. The hearing to set aside or stay the mareva injunction
against Defendants 1 to 4 was adjourned to 14 October 2004.
Dated this 12th day of October 2004


CONSOLIDATED FARMS: Proposes Restructuring Scheme
-------------------------------------------------
Consolidated Farms Bhd has drawn up a proposal for a
restructuring plan involving a share swap, capital reduction and
acquisition of new businesses in the poultry farm operator's bid
to a have firmer financial status, reports The Star Online.

The Company has entered into an agreement with Bun Seng Group
shareholders Wong Kian Teck, Wong Kin Sang, Yap Yee Huat, Wong
Kian Wah, Tay Chun Yong, Tang Kam Har and Yap Sun Hian to
undertake the revamp. Bun Seng trades in hardware and building
materials.

Under the revamp, Consolidated Farms is proposing a five-for-one
capital reduction and an exchange of shares with a new company
(Newco) on a one-for-one basis.

As of late January 2004, the Company owed creditors RM182.93
million.

CONTACT:

Consolidated Farms Berhad
24-1 Jalan 24/70A,
Desa Sri Hartamas,
50480 Kuala Lumpur
Telephone: 03-23001199
Fax: 03-23002299


CSM CORPORATION: Bursa Malaysia To Delist Securities
----------------------------------------------------
The Board of Directors of CSM Corporation Berhad announced that
the Bursa Bursa Malaysia Securities Berhad has, via its letter
dated 11 October 2004, informed the Company of its decision to
remove the securities of CSM from the Official List of Bursa
Securities at 9 a.m. on Tuesday, 26 October 2004.

Upon the de-listing, CSM shall continue to exist but as an
unlisted entity. It will continue with its existing operations
and business and shall continue to proceed with its corporate
restructuring.

The Board of Directors will deliberate on the next course of
action, if any.

CONTACT:

CSM Corporation
Suite 8.2, 8th Floor
Menara CSM, Jalan Semangat
46100 Petaling Jaya
Telephone: 03-7958888
Fax: 03-7953707
Website: www.csm.com.my

This announcement is dated the 12th day of October 2004.


CSM CORPORATION: Posts Practice Note No. 1/2001 Status
------------------------------------------------------
CSM Corporation Berhad issued an update on the status of in
interest payments and principal loan repayments of the Group's
bank borrowings as at 30 September 2004 at
http://bankrupt.com/misc/tcrap_csmcorp101304.doc

The Company added that there have been no further changes to the
previous monthly status report.

This announcement is dated 12th day of October 2004.


FORESWOOD GROUP: Updates Regularization Scheme
----------------------------------------------
Foreswood Group Berhad announced that the Bursa Malaysia
Securities Berhad (BMSB) has approved to await the outcome of
the Company's application to the relevant authorities on the
regularization plans as announced on 20 August 2004.

Hence, the Company need not make further application for
extension of time from BMSB pending the outcome of the Company's
application to the relevant authorities, as informed by BMSB in
its letter dated 8 October 2004.

CONTACT:

Foreswood Group Berhad
Level 4, B59
Taman Sri Sarawak Mall
Jalan Tunku Abdul Rahman
93100 Kuching , Sarawak
Malaysia
Tel no: 6082-428626
Fax no: 6082-423626

This announcement is dated 12 October 2004.


GOLDEN FRONTIER: Issues Shares Buy Back Notice
----------------------------------------------
Golden Frontier Berhad disclosed the details of its shares buy
back on October 12, 2004.

Date of buy back: 12/10/2004

Description of shares purchased:  Ordinary Shares of RM1.00 Each

Total number of shares purchased (units): 5,000

Minimum price paid for each share purchased (RM): 0.695

Maximum price paid for each share purchased (RM): 0.705

Total consideration paid (RM): 3,526.39

Number of shares purchased retained in treasury (units): 5,000

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

Cumulative net outstanding treasury shares as at to-date
(units): 1,113,500

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

CONTACT:

Golden Frontier Berhad
No 11 Lorong Kinta
10400 Penang,
Malaysia
Tel: +60 4 226 2226
Tel: +60 4 228 2890


INNOVEST BERHAD: Government Orders Tax Payments
-----------------------------------------------
The Board of Directors of Innovest Berhad (IB) announced that
its wholly-owned subsidiary, IB Timber Industries Sdn. Bhd. (IB
Timber), has on 13 September 2004 been served with a Writ of
Summons by the Government of Malaysia claiming for outstanding
income tax in respect of years of assessment 1997 (Additional)
and 1998 together with penalty for late payment of tax totaling
RM6,937,247.02 together with interest thereon at the rate of 8%
per annum from the date of judgment until the date of
realization, cost of suit and such other relief as the Court may
deem fit.

IB has instructed its solicitors to refute the claim and IB
Timber's application to strike out the Writ and service of the
Writ is fixed for hearing on 25th October 2004.

CONTACT:

Innovest Berhad
2 Lorong Dungun Kiri Damansara Heights
Kuala Lumpur, Kuala Lumpur 50490
MALAYSIA
+60 3 2093 3373
+60 3 2094 3733


INTEGRATED RUBBER: Shareholders OK AGM Resolutions
--------------------------------------------------
Integrated Rubber Corporation Berhad announced that all the
resolutions as set out in the Notice of the 63rd AGM dated 17
September 2004 were duly approved by the shareholders of the
Company at the AGM held on 12 October 2004.

EXTRAORDINARY GENERAL MEETING (EGM)

The Company also announced that the shareholders at the EGM of
the Company held on 12 October 2004 approved all the resolutions
as set out in the Notice of EGM dated 27 September 2004.

This announcement is dated 12 October 2004.


KELANAMAS INDUSTRIES: MPTECH Completes Restructuring Scheme
-----------------------------------------------------------
MP Technology Resources Berhad (MPTECH) announced that it has
effectively completed its proposed Restructuring Scheme of
Kelanamas Industries Berhad.

This announcement is dated 12 October 2004.


METROPLEX BERHAD: Releases Default Status Update
------------------------------------------------
Metroplex Berhad refers to its announcement made on 13 September
2004 in respect to Practice Note No. 1/2001 (PN1) of Listing
Requirements of Bursa Malaysia Securities Berhad.

The Company informed the Bursa Securities that there has been no
change in the status in the default in payment of MB Group's
various loan facilities with the financial institutions.

The estimated amount of default as at 30 September 2004 is
RM1,610,655,909.06.

The Company is currently in negotiations with its lenders on the
Proposed Composite Schemes of Arrangement (Proposed Scheme)
under Section 176(10) of the Companies Act, 1965, which will
essentially address the default in payment. Upon finalization of
the Proposed Scheme, an announcement will be made to the Bursa
Securities.

CONTACT:

Metroplex Berhad
1st Floor Wisma Equity
150 Jalan Ampang
50450 Kuala Lumpur,
Malaysia
Telephone: 03-2618911
Auditor: P C Chan & Partners

This announcement is dated 12 October 2004.


MTD CAPITAL: Purchases 14,800 Ordinary Shares on Buy Back
---------------------------------------------------------
MTD Capital Berhad disclosed to the Bursa Malaysia Securities
Berhad the details of its shares buy back on October 12, 2004.

Date of buy back: 12/10/2004

Description of shares purchased:  Ordinary shares of RM1/- each

Total number of shares purchased (units): 14,800

Minimum price paid for each share purchased (RM): 2.510

Maximum price paid for each share purchased (RM): 2.540

Total consideration paid (RM): 37,278.24

Number of shares purchased retained in treasury (units): 14,800

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

Cumulative net outstanding treasury shares as at to-date
(units): 3,934,000

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

CONTACT:

MTD Capital Berhad
Lot 8359, Mukim of Batu
Batu 8, Jalan Caves,
68100 Batu Caves,
Selangor Darul Ehsan,
Malaysia
Telephone: (603) 689-9022


OLYMPIA INDUSTRIES: Notes Quarterly Update on MOU
-------------------------------------------------
The Board of Olympia Industries Berhad (OIB) announced that
there has been no major development on the Memorandum of
Understanding (MOU) between OIB, Vinci Construction Grand
Projects and Invescor-Dumez Jaya-Woh Hup JV since the last
update on 12 July 2004.

CONTACT:

Olympia Industries Berhad
No 8 Jalan Raja Chulan
Kuala Lumpur, 50200
Malaysia
Tel: +60 3 2070 0033
Tel: +60 3 2070 0011


OLYMPIA INDUSTRIES: Proposes Renewal of Shareholder's Mandate
-------------------------------------------------------------
Further to the announcement made on 29 September 2004, Olympia
Industries Berhad announced that it would seek approval from its
shareholders for a proposed on allotment of shares to a director
of the Company at an Extraordinary General Meeting to be
convened.

A circular to shareholders in relation to the above Proposals
together with the notice of EGM will be dispatched to
shareholders of the Company in due course.

Collectively referred to as the "Proposals"

A) Proposed renewal of existing and new shareholders' mandate
for recurrent related party transactions of revenue or trading
nature and proposed renewal of general mandate for provision of
financial assistance

B) Proposed allotment of shares to a director of the Company


PILECON ENGINEERING: Clarifies Newspaper Reports
------------------------------------------------
Pilecon Engineering Berhad refers to the following articles:

i) Entitled "New Plan for JB Waterfront Land" in the New Straits
Times;

ii) Entitled "Waterfront : Kerajaan Tamat Kontrak Syarikat" in
Utusan Malaysia; and

iii) Entitled "Redevelopment Opportunities in Waterfront City"
in Sin Chew Jit Poh.

The Company wishes to clarify on the above articles:

i) Johor Coastal Development Sdn Bhd (JCD), a subsidiary of
Pilecon Engineering Berhad, denies that it has breached any of
the terms of the Privatisation cum Development Agreement (the
Agreement) entered into with the Johor State Government (the
State Government);

ii) The activities carried out by the State Government's agent,
Gerbang Perdana Sdn Bhd in 1998 to replace the existing causeway
by the building of a bridge over a designated area overlapping
the JB Waterfront City ("JBWC") had consequently created
uncertainties and difficulties, if not impossibility, in the
continuity of the JBWC project;

iii) The external infrastructure works for all the 10 lots had
commenced in compliance with the terms of the Agreement and
JCD's application to proceed with development of the remaining 9
lots had been submitted for approval to the State Government;
and

iv) JCD was never given the "two-year grace period" as reported
in the newspapers. As a matter of fact, JCD has referred the
wrongful termination of the Agreement to arbitration and in
parallel, exercised other remedies available in the Agreement
with the view of safeguarding all its rights and interests under
the Agreement.

CONTACT:

Pilecon Engineering Berhad
No. 2, Jalan U1/26 Seksyen U1,
Hicom-Glenmarie Industrial Park, Shah Alam,
Selangor Darul Ehsan 40000 Malaysia
Telephone: (603) 704-1888


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


DIGITAL TELECOMMUNICATIONS: Discloses Amended Quarterly Report
--------------------------------------------------------------
Digital Telecommunications Philippines, Inc. (DGTL) furnished
the Philippine Stock Exchange a copy of its Amended Quarterly
Report, using SEC Form 17-Q, for the quarter ended June 30,
2004.

A copy of DGTL's Amended Quarterly Report shall be made
available at
http://bankrupt.com/misc/tcrap_dgtl101304.pdf

For your information,
MA. PAMELA D. QUIZON-LABAYEN
Head, Disclosure Department
Noted by:
JURISITA M. QUINTOS
Senior Vice President - Operations Group

CONTACT:

Digital Telecommunications Inc.
Digitel Building
110 E. Rodriguez Jr. Avenue
110 Bagumbayan, Quezon City
Telephone Number:  397-8888
Fax Number:  635-6142
Email Address: pamintuan_b@ditsi.com.ph
Website: http://www.digitelone.com


GRAND BOULEVARD: Court Dismisses Debt Rehab Petition
----------------------------------------------------
A Manila court on Tuesday dismissed the petition for the
corporate rehabilitation of Grand Boulevard Hotel after failing
to come up with a rehabilitation plan that would be fair to all
its stakeholders, the Business World reports.

Manila Judge Artermio S. Tipon said for a corporate
rehabilitation to succeed, "there must be a change in management
or at least management style; the obligations (liabilities side)
must be reduced, while additional funds (assets side) must be
brought into the business; and there must be common sacrifices
among all parties concerned."

The hotel's proposed plan, the judge stressed, failed to address
these three main components. The company also did not give the
court assurance that it would work for additional capital
infusion despite its intentions to renovate and refurbish the
hotel.

The hotel, formerly called Silahis International Hotel, owes
around PhP1.06 billion to various banks. It blamed the 1997
Asian financial crisis and the eight-month strike in 1999 for
the slowdown of its operations.

CONTACT:

Grand Boulevard Hotel
1990 Roxas Boulevard
Manila, National Capital Region 1004
Philippines
Telephones
General Information - +63 (2) 525-7966
General Information - +63 (2) 526-0122
FAX - +63 (2) 525-6437


METRO PACIFIC: Clarifies " Nenaco Stock Delisting" Report
---------------------------------------------------------
This is in reference to the news article entitled "Metro Pacific
considers Nenaco stock delisting" published in the October 12,
2004 issue of The Philippine Daily Inquirer (Internet Edition).

The article reported, "METRO PACIFIC Corp., the local holding
company of Hong Kong-based conglomerate First Pacific Co. Ltd.,
is considering the removing shares of its troubled inter-island
shipping firm Negros Navigation Co. (Nenaco) from the Philippine
Stock Exchange (PSE), a company official said. De-listing would
give Nenaco flexibility to fully implement its rehabilitation
plan, Metro Pacific vice-president David Nugent told the
Inquirer. If it gets the necessary approvals, including that of
its board, Metro Pacific would have to file a notice to conduct
a tender offer to buy the shares of Nenaco minority
shareholders, he said."

Metro Pacific Corporation ("MPC"), in its letter to the
Philippine Stock Exchange dated October 12, 2004, stated that:

" Metro Pacific Corporation (Metro Pacific) believes that it can
assist in accelerating the implementation of the rehabilitation
program of Negros Navigation Company (Nenaco). On 4 October 2004
the Manila Regional Trial Court approved the Nenaco's plans for
rehabilitation. Metro Pacific believes that Nenaco will benefit
from the greater flexibility and options presented to it as a
private firm. Metro Pacific also understand that given the 10-
year timeframe for rehabilitation, many of Nenaco's remaining
minority shareholders may prefer to exercise a clear and fair
exit mechanism for their investments in Nenaco shares, which
have depreciated in value over the years. The appropriate
regulatory disclosures regarding such a privatization and
delisting will be made by Metro Pacific and Nenaco as required,
in the coming days."

For your information,
MA. PAMELA D. QUIZON-LABAYEN
Head, Disclosure Department
Noted by:
JURISITA M. QUINTOS
Senior Vice President - Operations Group

CONTACT:

Metro Pacific Corporation
10/F MGO Bldg., Legazpi cor. dela Rosa St.,
Legazpi Village 0721 Makati City, Philippines
Telephone No.: 888-0888
Fax No.: 888-0830


METRO PACIFIC: Comments on "Selling Common Shares" Article
----------------------------------------------------------
Metro Pacific Corporation clarified to the Securities and
Exchange Commission (SEC) and the Philippine Stock Exchange
(PSE) the Company's disclosure dated 11th October 2004 regarding
the sale of the its common shares.

An aggregate of 581.1 million common shares of Metro Pacific
were sold on the open market, representing 3.12 per cent of
Metro Pacific's total issued common share capital. A SEC Form
23-B has been filed with respect made to shares sold by Metro
Pacific Resources Incorporated, a company registered in the
Republic of the Philippines and holder of more than 10.0 per
cent of Metro Pacific's total issued common share capital.
Additional sales of shares were made by companies holding less
than five per cent (5%) of Metro Pacific's total issued common
share capital.

Dependent upon market conditions, an additional 349.1 million
shares may also be sold into the open market, representing 1.88
percent of Metro Pacific's total issued common shares. The
intention is to sell into the market, no more than five (5%) of
Metro Pacific's total issued common shares.

As disclosed on Tuedsay, the net proceeds realized from these
sales are to be used to fund various general corporate
requirements of Metro Pacific. Among these requirements will
include certain funding required to accelerate the
implementation of the rehabilitation plan of Negros Navigation
Company (Nenaco). The Manila Regional Trial Court approved
Nenaco's rehabilitation plan last 4th October 2004.

The sale of shares by these firms is an effort to provide
necessary funding support to Metro Pacific as Metro Pacific's
business transformation continues.

As has been disclosed to the relevant regulatory agencies as
well as the investing public over the past three years, Metro
Pacific has achieved significant progress in addressing nearly
all of its outstanding debts. With the improvement of our debt
position Metro Pacific is committed to exploring new growth
opportunities and these recent sales of stock are in support of
those initiatives.

Yours sincerely,
David Nugent
Vice President
Metro Pacific Corporation


METRO PACIFIC: Clarifies Tender Offer News
------------------------------------------
This is in reference to the Public Announcement of a Tender
Offer to the minority shareholders of Negros Navigation Company,
Inc. by Metro Pacific Corporation (MPC), which was published in
Wednesday's issue of the BusinessWorld.

Metro Pacific Corportion (MPC), in its letter to the Philippine
Stock Exchange dated October 13, 2004, stated that:

"We confirm that the Board of Directors of Metro Pacific
Corporation (Metro Pacific) has approved plans to effect a
tender offer to the remaining minority shareholders of Negros
Navigation Company (Nenaco) in due course. Appropriate
disclosure and filing documents are to be filed with the
relevant regulatory agencies today, which will include the terms
of the offer to be presented to Nenaco's minority shareholders."

For your information,
MA. PAMELA D. QUIZON-LABAYEN
Head, Disclosure Department
Noted by:
JURISITA M. QUINTOS
Senior Vice President - Operations Group


NEGROS NAVIGATION: Board OKs Delisting of Shares
------------------------------------------------
At the special meeting of Negros Navigation Inc. held on 11
October 2004, the Board of Directors of the Company,
constituting a quorum, approved the delisting of the shares of
the corporation with the Philippine Stock Exchange and the
endorsement to all the minority stockholders of the corporation
of the tender offer by Metro Pacific Corporation to all such
stockholders.

For more information, go to
http://bankrupt.com/misc/tcrap_negrosnavigation101304.pdf


PHILIPPINE LONG: To List More Shares on Wednesday
-------------------------------------------------
Philippine Long Distance Telephone Co. (PHI) will list 5,430
common shares on 13 October 2004 issued under its executive
stock option plan, according to Dow Jones. The new shares will
raise the Company's total option shares listed on the Philippine
Stock Exchange to 292,705 common shares.

CONTACT:

Philippine Long Distance Telephone Co.
Ramon Cojuangco Building
Makati Avenue, Makati City
Telephone Numbers:  814-3552; 888-0188
Fax Number:  813-2292
Web site: http://www.pldt.com.ph


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


HO WAH: Sets 28th Annual General Meeting October 28
---------------------------------------------------
Notice is hereby given that the Annual General Meeting of Ho Wah
Genting International Ltd for the Financial Year ended 31
December 2001 will be held at 61 Robinson Road, #17-03 Robinson
Centre, Singapore 068898 on Thursday, 28 October 2004 at 3:00
p.m. for the following purposes:

AS ORDINARY BUSINESS

(1) To receive and adopt the Audited Accounts for the financial
year ended 31 December 2001 together with the Reports of the
Directors and the Auditors of the Company.

(2) To re-elect Wong Chin Chong David as a Director retiring
pursuant to Article 106 of the Articles of Association.

(3) To re-elect Dr. Abdoullah Sam Ghanty retiring as a Director
pursuant to Article 106 of the Articles of Association.
(Resolution 3)

(4) To re-elect Aundre Kok Onn retiring as a Director pursuant
to Article 102 of the Articles of Association.

(5) To approve Directors' fees of $4,200 for the financial year
ended 31 December 2001. (Resolution 5)

(6) To re-appoint the Company's Auditors and to authorize the
Directors to fix their remuneration.

(7) To transact any other business that may be transacted at an
Annual General Meeting.

By Order of the Board
Ong Beng Hong/Tan Swee Gek
Secretaries

12 October 2004

Notes:
(1) A member entitled to attend and vote at the Annual General
Meeting is entitled to appoint a proxy or proxies (not more than
two) to attend and vote on his/her behalf. A proxy need not be a
member of the Company.

(2) The instrument appointing a proxy or proxies must be under
the hand of the appointer or of his/her attorney duly authorized
in writing. Where the instrument appointing a proxy or proxies
is executed by a corporation, it must be executed either under
its seal or under the hand of an officer or attorney duly
authorized.

(3) The instrument appointing a proxy or proxies must be
deposited at the registered office of the Company at 80 Robinson
Road #17-02 Singapore 068898 at least 48 hours before the time
fixed for the Meeting.


HO WAH: To Hold 29th Annual General Meeting on October 28
---------------------------------------------------------
Notice is hereby given that the 29th Annual General Meeting of
Ho Wah Genting International Ltd for the Financial Year ended 31
December 2002 will be held at 61 Robinson Road, #17-03 Robinson
Centre, Singapore 068898 on Thursday, 28 October 2004 at 3.30
p.m. (or as soon thereafter following the conclusion of the 28th
Annual General Meeting) for the following purposes:

AS ORDINARY BUSINESS

(1) To receive and adopt the Audited Accounts for the financial
year ended 31 December 2002 together with the Reports of the
Directors and the Auditors of the Company.

(2) To re-elect Wong Chin Chong David as a Director retiring
pursuant to Article 102 of the Articles of Association.

(3) To re-appoint the Company's Auditors and to authorize the
Directors to fix their remuneration. (Resolution 3)

(4) To transact any other business that may be transacted at an
Annual General Meeting.

By Order of the Board
Ong Beng Hong/Tan Swee Gek
Secretaries

12 October 2004

Notes:
(1) A member entitled to attend and vote at the Annual General
Meeting is entitled to appoint a proxy or proxies (not more than
two) to attend and vote on his/her behalf. A proxy need not be a
member of the Company.

(2) The instrument appointing a proxy or proxies must be under
the hand of the appointer or of his/her attorney duly authorized
in writing. Where the instrument appointing a proxy or proxies
is executed by a corporation, it must be executed either under
its seal or under the hand of an officer or attorney duly
authorized.

(3) The instrument appointing a proxy or proxies must be
deposited at the registered office of the Company at 80 Robinson
Road #17-02 Singapore 068898 at least 48 hours before the time
fixed for the Meeting.


HO WAH: To Convene 30th Annual General Meeting on October 28
------------------------------------------------------------
Notice is hereby given that the 30th Annual General Meeting of
Ho Wah Genting International Ltd for the Financial Year ended 30
June 2004 will be held at 61 Robinson Road, #17-03 Robinson
Centre, Singapore 068898 on Thursday, 28 October 2004 at 4.00
p.m. (or as soon thereafter following the conclusion of the 29th
Annual General Meeting) for the following purposes:

AS ORDINARY BUSINESS

(1) To receive and adopt the Audited Accounts for the financial
year ended 30 June 2004 together with theReports of the
Directors and the Auditors of the Company.

(2) To re-elect Dr. Abdoullah Sam Ghanty retiring under Article
102 of the Company's Articles of Association.

(3) To approve Directors' fees of $59,000 for the financial year
ended 30 June 2004.

(4) To re-appoint the Company's Auditors and to authorize the
Directors to fix their remuneration.

(5) To transact any other business that may be transacted at an
Annual General Meeting.

AS SPECIAL BUSINESS
(6) To consider and, if thought fit, to pass the following
resolution as an Ordinary Resolution, with or without
modifications:

"That pursuant to Section 161 of the Companies Act, Cap. 50 and
the listing rules of the Singapore Exchange Securities Trading
Limited, authority be and is hereby given to the Directors to
issue shares and convertible securities 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 that the aggregate number of shares and convertible
securities to be issued pursuant to this Resolution does not
exceed fifty per cent (50%) of the issued share capital of the
Company at the date of this Resolution, 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 twenty per cent (20%) of the issued share capital of the
Company at the date of this Resolution (after adjusting for new
shares arising from the conversion or exercise of convertible
securities or exercise of share options or vesting of share
awards which are outstanding or subsisting at the date of this
Resolution and any subsequent consolidation or subdivision of
the Company's shares), 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 or
the expiration of the period within which the next Annual
General Meeting of the Company is required by l.w to be held,
whichever is the earlier."

By Order of the Board
Ong Beng Hong/Tan Swee Gek
Secretaries

Explanatory Note:

(I). The Ordinary Resolution proposed in item 6 above, if
passed, will empower the Directors from the passing of the above
Meeting until the date of the next Annual General Meeting, to
allot and issue shares and convertible securities in the Company
up to an amount not exceeding, in total, 50% of the issued share
capital of the Company at the time of passing of this
resolution, of which up to 20% may be issued other than on a
pro-rata basis to shareholders.

Notes:

(1) A member entitled to attend and vote at the Annual General
Meeting is entitled to appoint a proxy or proxies (not more than
two) to attend and vote on his/her behalf. A proxy need not be a
member of the Company.

(2) The instrument appointing a proxy or proxies must be under
the hand of the appointor or of his/her attorney duly authorized
in writing. Where the instrument appointing a proxy or proxies
is executed by a corporation, it must be executed either under
its seal or under the hand of an officer or attorney duly
authorized.

(3) The instrument appointing a proxy or proxies must be
deposited at the registered office of the Company at 80 Robinson
Road #17-02, Singapore 068898 at least 48 hours before the time
fixed for the Meeting.


HO WAH: Releases Auditors Financial Statement
---------------------------------------------
Ho Wah Genting International Ltd made an announcement at the
Singapore Stock Exchange on October12, 2004 pertaining to its
2004 Annual Report including its financial statements for the
financial year ended 31 December 2001, 31 December 2002 and 30
June 2004.

To view the entire document click on the link below:
http://bankrupt.com/misc/tcraphowahgentinginternationalltd101204
.pdf


INTEGRATED TECHNIQUE: Winding Up Order Made
-------------------------------------------
In the matter of Integrated Technique Pte Ltd., a winding up
order was made on the 1st day of October, 2004.

Name and Address of Liquidator: Mr. Don Ho Mun-Tuke
Messrs Don Ho & Associates
20 Cecil Street
#12-02/03 Equity Plaza
Singapore 049705

Messrs Mallal & Namazie
Solicitors for the Petitioning Creditor.
Labquip (S) Pte Ltd.

This Singapore Government Gazette notice is dated October 8,
2004.


KOH BROTHERS: Posts Change in Shareholder's Interest
----------------------------------------------------
Koh Brothers Group Limited announced the change in the
Percentage Level of a Substantial Shareholder's Interest.

Part I

(1) Date of notice to issuer: October 09, 2004

(2) Name of Director and Substantial Shareholder: Quek Chee Nee

(3) Please tick one or more appropriate box(es):
x a Director's (including a director who is a substantial
shareholder) Interest and Change in Interest. (Please complete
Parts II and IV)

Part II

(1) Date of change of shareholding: October 08, 2004

(2) Name of Registered Holder: Daiwa Securities SMBC Singapore
Limited - nominee

(3) Circumstance(s) giving rise to the interest or change in
interest: Sales in open market at own discretion

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

No. of shares held before the change: 1,875,000
As a percentage of issued share capital: 0.391

No. of shares which are the subject of this notice: 40,000
As a percentage of issued share capital: 0.0083

Amount of consideration (excluding brokerage and stamp duties)
per share paid or received: $0.11

No. of shares held after the change: 1,835,000
As a percentage of issued share capital: 0.383

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 and Substantial Shareholder, including
direct and deemed interest:

                                              Direct     Deemed
No. of shares held before change:       58,755,000 0
% of issued share capital:                  12.251 0

No. of shares held after change:        58,715,000 0
% of issued share capital:                  12.242 0

Submitted by:
Lee Suyin
Company Secretary
Koh Brothers Group Limited


MUHAN COMMODITY: To Undergo Winding Up Proceedings
--------------------------------------------------
In the matter of Muhan Commodity Pte Ltd, a winding up order was
made the 1st day of October 2004.

Name and address of Liquidator: The Official Receiver of 45
Maxwell Road#06-11, The URA Centre (East Wing), Singapore
069118.

(a) All creditors of the above named 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 above named company should be forwarded
to the Liquidator.

Drew & Napier Llc
Solicitors for the Petitioner

This Singapore Government Gazette notice is dated October 8,
2004.


NEPTUNE ORIENT: Reveals Change in Shareholders Interest
-------------------------------------------------------
Neptune Orient Lines Limited announced the change in he
Percentage Level of Timothy James Rhein's Interest.

Part I

(1) Date of notice to issuer: October 12, 2004

(2) Name of Director: Timothy James Rhein

(3) Please tick one or more appropriate box(es):
x a Director's (including a director who is a substantial
shareholder) Interest and Change in Interest. (Please complete
Parts II and IV)

Part II

(1) Date of change of interest: October 11, 2004

(2) Name of Registered Holder: Timothy James Rhein

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

Please specify details: Sales in open market:
(1) 254,000 at SG$3.08
(2) 6,000 at SG$3.10

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

No. of shares held before the change: 260,000
As a percentage of issued share capital: 0.018

No. of shares which are the subject of this notice: (260,000)
As a percentage of issued share capital: 0.018

Amount of consideration (excluding brokerage and stamp duties)
per share paid or received: Various amounts as indicated above.

No. of shares held after the change: 0
As a percentage of issued share capital: 0

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:

                                            Direct     Deemed
No. of shares held before change:          260,000
% of issued share capital:                   0.018
-
No. of shares held after change:                 0
% of issued share capital:                       0

Note: This announcement supercedes the Announcement No. 75
released on 11 October 2004.

Based on NOL's paid up capital of 1,449,632,876 as at 7 October
2004.

Submitted by:
Ms. Marjorie Wee
Ms. Wong Kim Wah
Company Secretaries


PANPAC MEDIA: Quantum Capital Converts Tranche 1 Notes
------------------------------------------------------
Panpac Media Group Limited refers to its announcements dated 13
August 2004, 3 September 2004, 29 September 2004 and 6 October
2004 and the Circular to shareholders dated 20 August 2004
relating to the issue by the Company to Quantum Capital Asset
Management Limited of up to SG$10,000,000 in principal amount of
unsecured SG$ notes due 2007.

All capitalized terms herein shall have the same definition as
used in the said Circular to shareholders dated 20 August 2004.

The Board of Directors of the Company hereby announced that
Quantum Capital had on 11 October 2004 converted an aggregate
amount of $1.0 million of Tranche 1 Notes, being the third sub-
tranche of Tranche 1 Notes, at $0.1035 per share into an
aggregate number of 9,661,835 ordinary shares of $0.05 each in
the issued and paid-up share capital of the Company.

Pursuant to the conversion, the total number of issued and paid
up shares in the Company is 485,937,701 ordinary shares of $0.05
each.

None of the Directors or the substantial shareholders has any
direct or indirect interest in the transaction.

Submitted:
Ricky Ang Gee Hing
Group MD and CEO


PRESTIGE OFFICE: Court Issues Winding Up Notice
-----------------------------------------------
In the matter of Prestige Office & General Supplies Pte Ltd., a
winding up order was made on the 1st day of October 2004.

Name & Address of Liquidator: The Official Receiver
45 Maxwell Road #05-11
The URA Centre (East Wing)
Singapore 069118

Veritas Law Corporation
Solicitors for the Petitioners

This Singapore Government Gazette notice is dated October 8,
2004.


PROLUX INTERNATIONAL: Faces Winding Up Proceedings
--------------------------------------------------
In the matter of Prolux International Pte Ltd., a winding up
order was made on 24th day of September 2004.

Name and Address of Liquidators: Mr. Tay Swee Sze
Messrs Tay Swee Sze & Associates
30 Robinson Road
#04-01 Robinson Towers
Singapore 048546

Wong Tan & Molly Lim Llc
Veritas Law Corporation
Solicitors for the Petitioners

This Singapore Government Gazette notice is dated October 8,
2004.


SEASON SILK: Receives Winding Up Notice
---------------------------------------
In the matter of Season Silk (Private) Limited, a winding up
order was made the 1st day of October 2004.

Name and address of Liquidator: The Official Receiver
45 Maxwell Road #05-11/#06-11
The URA Centre (East Wing)
Singapore 069118

Dated the 1st day of October 2004

Messrs Moey & Yuen
Solicitors for the Petitioner

This Singapore Government Gazette notice is dated October 12,
2004.


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


K.C. PROPERTY: Notes Rehabilitation Plan Progress
-------------------------------------------------
The plan administrator of K.C. Property Public Company Limited,
formerly Modern-Home Development Pcl (M-Home), reported to the
Stock Exchange of Thailand (SET) the progress of KC's
rehabilitation plan.

(1) Use of the 2nd capital increase.

As reported, the company has completed the 2nd capital increase
of THB525.00 million on March 26,2004 and the proceeds were used
as follows:

(1.1) Payment of THB464.27 million for the purchase of land and
ongoing construction projects of KC Lakeview and KC Ramintra 8
which were purchased in December 2003.

(1.2) The remaining THB60.73 million were used as working
capital.

(2) Request to exit the Rehabilitation plan.

The company had submitted an application to the Bankruptcy court
on September 2, 2004 requesting to exit the Rehabilitation plan.
The court had appointed November 8, 2004 as the date for the
hearing. The fact that the Rehabilitation plan had expired on
September 27, 2004 and that the company had fulfilled all
commitments to its creditors, the company believes that the
court will approve our request on the same day.

In addition, as soon as the court approves our exit of the
Rehabilitation plan, the company will hold the shareholders'
meeting. The purpose of the meeting would be to request
approvals from shareholders in order to carry out the business
activities, i.e., appointing new directors, changing company'
memorandum and articles of association, changing capital stock
par value and capital increase, etc. Details of the meeting will
be sent out later.

Yours sincerely,
Mr.Apisit Ngamachariyakul
Director

CONTACT:

K.C. Property Public Company Limited
18/1 Moo 11, Ramkhumheang Road
Saphan Sung Bangkok
Telephone: 0-2373-7788
Fax: 0-2373-4965


KRUNG THAI: Outgoing President Not Filing Lawsuit Yet
-----------------------------------------------------
Krung Thai Bank Plc (KTB) president Viroj Nualkhair, as of the
moment, has no plans of taking legal action against the Bank of
Thailand's objection to his reappointment, reports Business Day.

"To file a lawsuit (against the Bang of Thailand's order) is my
personal right but I have to think about it carefully. I also
need more times to discuss with my lawyer," Mr. Viroj told
reporters in a press conference he held Tuesday afternoon.

Mr. Viroj said the THB46 billion bad loan fiasco that the
central bank is holding him and the other KTB directors
responsible is unfair since about THB25 billion loans were not
granted during his term.

"These loans were approved and granted in 1987 and 1988 when I
was not the bank's president and, therefore, I myself and the
then board of KTB should not be responsible for them," Mr. Viroj
said.

CONTACT:

Krung Thai Bank Public Company Limited
35 Sukhumvit Road, Khlong Toei Nua, Wattana Bangkok
Telephone: 0-2255-2222
Fax: 0-2255-9391-6
Web site: www.ktb.co.th


KRUNG THAI: Details Debenture Issuance and Offering
---------------------------------------------------
The Extraordinary General Meeting of Shareholders No. 1/2002 of
Krung Thai Bank Public Company Limited on 24 September 2002
resolved to approve the issuance and offering for sale of
subordinated debentures in an amount of not exceeding
THB10,000,000,000 with a maturity of not more than ten years
from the issuance date as per details of which you have been
informed.

The Bank filed the registration statement and the draft
prospectus to the Office of the Securities and Exchange
Commission on 8 October 2004. Such registration statement and
the draft prospectus has been in effect since 11 October 2004.
The features of the subordinated debentures are:

Type of debentures: name-registered, not amortizing,
subordinated, unsecured and non-convertible debentures with a
Debentureholders'
Representative

Number offered: 10,000,000 units

Par value: THB1,000 per unit

Offer price per unit: THB1,000

Total value: THB10,000,0000,000

Coupon rate:

Year 1 5:5.15 %
Year 6 10:6.70 %

Maturity: 10 years from the issuance date

Type of offering: Offering of debentures in General Case under
the Securities and Exchange Commission's Notification No.
Kor.Jor. 32/2544, Re: Application for and Approval of Offer for
Sale of Newly Issued Debentures dated 19 October 2001 (as
amended)

Offering date: 19 October 2004
Issuance date: 22 October 2004
Redemption date: 22 October 2014

Please be informed accordingly.

Sincerely yours,
Krung Thai Bank Public Company Limited
Suwit Udomsab
Senior Executive Vice President


TONGKAH HARBOUR: Posts Production Output for August-September
-------------------------------------------------------------
Tongkah Harbour informed the Stock Exchange of Thailand (SET),
the shareholders and investors concerning the production output
for August-September 2004:

Tin Ore Production Output
Unit: Kilograms

     August  August September September   Accumulated
     2004    2003     2004     2003 (Jan-Sep'04)(Jan.-Sep'03)

Tin
Ore
Stock  4,260     13,080      1,080     11,940    11,220   25,200

Dredged
during
the
period  5,940    8,340     24,900      29,700    109,680  85,920

Sold
during
the
period -9,120     -9,480    -12,600    -15,600  -107,520  -
85,080

Balance-
end of
period  1,080     11,940     13,380     26,040   13,380
26,040

Please be informed accordingly.

Yours sincerely,
(Mr.Ronald Ng Wai Choi)
Managing Director

CONTACT:

Tongkah Harbour Public Company Limited
Muang Thai Phatra Office Tower 1,
Floor 7, 252/11 Rachadapisek Road, Huai Khwang Bangkok
Telephone: 0-2695-4912-28
Fax: 0-2695-4901


TPI POLENE: Submits 3Q Unreviewed and Consolidated FS
-----------------------------------------------------
TPI Polene Public Company Limited submitted to the Stock
Exchange of Thailand its unreviewed and consolidated third
quarter financial statement (F45-3).

Unreviewed Ending September 30 (In thousands)

                   Quarter 3               For 9 Months
Year           2004        2003           2004        2003

Net
profit
(loss)       141,436    2,358,615       2,968,260    3,819,484

EPS (baht)     0.18         4.84            3.88         7.80

Comment:

Please see details in financial statements, auditor's report and
remarks from SET Information Management System.

"The company hereby certifies that the information above is
correct and complete. In addition, the company has already
reported and disseminated its financial statements in full via
the SET Electronic Listed Company Information Disclosure
(ELCID), and has also submitted the original report to the
Securities and Exchange Commission."

Mr.Prachai Leophairatana
Chief Executive Officer
Authorized to sign on behalf of the company

For more information, click
http://bankrupt.com/misc/TPIPOLENE101304.doc
http://bankrupt.com/misc/TPIPOLENE101304_2.xls
http://bankrupt.com/misc/TPIPOLENE101304_3.doc

CONTACT:

TPI Polene Public Company Limited
26/56 New Jun Road,
Thungmahamek, Sathon Bangkok
Telephone: 0-2678-5100, 0-2678-5000
Fax: 0-2678-5001-5
Website: www.tpipolene.com


                            *********


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

This material is copyrighted and any commercial use, resale or
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