TCRAP_Public/040818.mbx         T R O U B L E D   C O M P A N Y   R E P O R T E R

                     A S I A   P A C I F I C

             Wednesday, August 18, 2004, Vol. 7, No. 163

                            Headlines

A U S T R A L I A

CHEMEQ LIMITED: Issues Request for Trading Halt
GYMPIE GOLD: Buka Minerals Acquires 12.9% of GEM
QANTAS AIRWAYS: Undecided on Increase in Passenger Surcharge
* Court Appoints Liquidator to Providers of Builder's Insurance


C H I N A  &  H O N G  K O N G

B.F. CONSTRUCTION: Enters Winding Up Proceedings
CHINA MOTION: Posts Circular of Discloseable Transactions
CHUNG MING: Appoints Joint and Several Liquidators
FULLOTTE LIMITED: Faces Bankruptcy Proceedings
GOLLAN LIMITED: Winding Up Hearing Set September 1

JINHUI HOLDINGS: Changes Directorship
JOY OCEAN: Court Hears Winding Up Petition
PRIME LIMITED: Winding Up Hearing Slated September 1
WHALE III: Enters Bankruptcy Proceedings


I N D O N E S I A

BANK DANAMON: Inks Data Deal With Reuters
PERTAMINA: To Distribute Fuel With Police, Military Help
SEMEN GRESIK: Cemex Yet To Receive Indonesian Govt Buyback Offer


J A P A N

AWAMURA SEISAKUSHO: Enters Bankruptcy
DAIEI INCORPORATED: Sales Down for 5th Straight Month
DAIEI INCORPORATED: Ripplewood Mulls Investment
MITSUBISHI MOTORS: Revises Dealers' Incentives Scheme
NIPPON STEEL: Fitch Upgrades Rating To 'BBB'; Stable Outlook

UFJ HOLDINGS: Shortlists Aplus Bidders
* R&I Leaves MTFG, UFJ and Affiliates on Rating Monitor


K O R E A

JINRO LIMITED: Union Action Triggers "Soju" Hoarding
SSANGYONG MOTOR: SAIC Starts Due Diligence


M A L A Y S I A

AMSTEEL CORPORATION: Shareholder's OK EGM Resolutions
ANCOM BERHAD: Purchases 79,900 Ordinary Shares on Buy Back
BERJAYA GROUP: Issues Restructuring Update
BERJAYA SPORTS: Grants Listing of 67,756 Ordinary Shares
FABER GROUP: Discloses Unaudited Quarterly Report

GOLDEN FRONTIER: Winding up Dormant Units
HAP SENG: Unit Enters Deal With DaimlerChrysler Malaysia
JIN LIN: Issues Change in Share Registrar
LAND & GENERAL: Withdraws Winding Up Petition
MALAYSIA BUILDING: Expects FY04 RM20Mln Net Profit

MENTIGA CORPORATION: Releases 1H04 Unaudited Financial Results
MTD CAPITAL: Issues Notice of Shares Buy Back
OSK HOLDINGS: Seeks Extension of Outstanding Warrants
OSK HOLDINGS: Issues Shares Buy Back Notice
PAN MALAYSIA: Releases Unaudited Quarterly Results

SATERAS RESOURCES: Court Extends Restraining Order to Dec 31
TANCO HOLDINGS: Court Grants Restraining Order


P H I L I P P I N E S

BENPRES HOLDINGS: Unveils 2004 Second Quarter Results
DMCI HOLDINGS: Clarifies "ULC Investors Go After DMCI" Report
NATIONAL BANK: Clarifies "P10B in Bad Loans, Assets Sale" Report
NATIONAL POWER: Geothermal Plant Secures ISO Certification
NATIONAL STEEL: BIR Gunning After Assets Despite SEC Order

VITARICH CORP: Unveils 2Q04 Consolidated Sales Report


S I N G A P O R E

CHARTERED SEMICONDUCTOR: Option Sale Does Not Affect Rating
CHUNGSING HOLDINGS: Faces Winding Up Proceedings
COMPACT METAL: Cuts H1 loss by 20%
DIAMOND PLASTICS: Creditors Must Prove Debts by September 11
DIAMOND PLASTICS: Posts General Meeting Results

GOODMIX INVESTMENT: Court Issues Winding Up Order
NAMLY INDUSTRADES: Winding Up Order Made
NIPPECRAFT LIMITED: Posts Additional Information to H1 Results
ORCHARD PARADE: Orchard Parade Net Loss Falls 21.5%
UBIN LAGOON: Issues Notification of Winding Order


T H A I L A N D

ASIA HOTEL: Unveils Reviewed 2Q and Consolidated FS
BANGKOK RUBBER: Releases Reviewed 2Q and Consolidated FS
BANGKOK RUBBER: Explains 20% Decrease in Net Loss
BANGKOK RUBBER: Issues Clarification of Auditors' Comment
CENTRAL PAPER: Unveils Reviewed Half-Year Financials

DATAMAT: Unveils Reviewed 2Q Financial Statements
INTER FAR: Releases Reviewed 2Q Half-Year Financials
MANAGER MEDIA: SEC Approves Financial Statements Request
MDX: Unveils Reviewed Quarter 2Q Financials
NAKORNTHAI STRIP: Unveils Reviewed 2Q, Consolidated Statements

NFC FERTILIZER: Unveils Reviewed 2Q Financials
NFC FERTILIZER: Issues Additional Info on Auditors' Opinion
PREMIER ENTERPRISE: Unveils Reviewed 2Q and Consolidated FS

     -  -  -  -  -  -  -  -

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


CHEMEQ LIMITED: Issues Request for Trading Halt
-----------------------------------------------
On behalf of Chemeq Ltd., Adam Deane, the company's secretary
requests that the Australian Stock Exchange halt trading in the
securities of Chemeq effective immediately, followed by a
voluntary suspension of Chemeq securities.  In accordance with
Listing Rules 17.1 and 17.2, Mr. Deane advises as follows:

- Chemeq is currently considering a proposal to raise equity
funds, to fund the further expansion of its Rockingham
production facility and provide working capital for the roll out
of production and sales.  The proposed equity raising is being
co-ordinated by Ord Minnett Ltd.

- Chemeq requests two trading day trading halt followed
immediately by a voluntary suspension to allow the details of
the equity raising to be finalized in a thorough and orderly
fashion.  Chemeq requests the subsequently voluntary suspension
because the Listing Rules restrict trading halts to two days
only and it is likely to take a longer period to finalize the
details of the equity raising.

- Chemeq expects that the release of a further ASX announcement
ending the voluntary suspension will be made following the
finalization of the details of the equity raising.

- Chemeq is not aware of any reason why the trading halt and
subsequent voluntary suspension should not be granted.

Yours sincerely
Adam Deane
Company Secretary

CONTACT:

Chemeq Ltd.
Suite 8 Petroleum House,
3 Brodie Hall Drive, Technology Park,
BENTLEY, AUSTRALIA, 6102
Head Office Telephone: 08 9362 0100
Head Office Fax: 08 9355 0199
Website: http://www.chemeq.com.au/


GYMPIE GOLD: Buka Minerals Acquires 12.9% of GEM
------------------------------------------------
In a disclosure to the Australian Stock Exchange (ASX), the
directors of Buka Minerals Limited (Buka) are pleased to
announce that, subject to shareholder approval, Buka is to
become a 12.9 percent shareholder in a new company, Gympie
Eldorado Mining Pty Limited (GEM), a subsidiary of Gympie Gold
Ltd.,  formed to own the Gympie Eldorado mining and exploration
leases and assets, located 170 kilometres north of Brisbane
(Gympie Eldorado assets).

GEM is owned by Mizuho International plc (Mizuho) 74.2 percent,
Investec Bank Australia Limited (Investec) 12.9 percent and
interests associated with certain directors of Buka 12.9
percent.  Buka will acquire those director-related interests
should a related transaction be approved at the previously
announced shareholders' meeting to be held on 14 September 2004
(i.e the transaction described in the Explanatory Memorandum for
that meeting as the Gympie Gold Transaction).

The assets are being acquired by GEM from Gympie Eldorado Gold
Mines Pty Limited (Receivers and Managers Appointed, Liquidators
Appointed), a subsidiary of Gympie Gold Limited (Receivers and
Managers Appointed, Liquidators Appointed) (Gympie Gold).

The cash consideration GEM will pay for the Gympie Eldorado
assets is $5.5 million. GEM may also assume certain existing
liabilities associated with the Gympie Eldorado operation with a
current book value of approximately $3.9 million. The
transaction agreements incorporate the transfer of a 19.9%
shareholding held by Gympie Gold in D'Aguilar Gold Limited,
which transfer is subject to ASX approval. If approval is not
given, the purchase price will be reduced by $0.5 million.

GEM's acquisition of the Gympie Eldorado assets is expected to
take six to eight weeks to complete, pending consent to the
transfer of mining and exploration tenements and environmental
authorities by government agencies. At that time, receipt of the
cash sale proceeds will allow Gympie Gold's Receivers to apply
that amount in partial repayment of Gympie Gold's senior secured
debt.

In seeking to maximize the long term potential in and value of
the Gympie gold field, the new owners intend recommencing
surface exploration to test the South Inglewood extension of the
gold field, while maintaining current underground mining
operations.

GEM considers the Gympie gold field to be highly prospective and
under-explored, as highlighted by successful exploration during
2003, prior to Gympie Gold entering receivership. GEM
anticipates that the Gympie operations will return to a listed
environment during 2005.

CONTACT:

Gympie Gold Ltd.
Suite 303 , 3 Spring Street,
SYDNEY , NSW, AUSTRALIA, 2000
Head Office Telephone: 02 8249 4479
Head Office Fax: 02 8249 4001
Website: http://www.gympiegold.com.au/


QANTAS AIRWAYS: Undecided on Increase in Passenger Surcharge
------------------------------------------------------------
With crude oil reaching a record US$46.91 per barrel on Monday,
speculations abound that Qantas Airways Ltd. would increase the
passenger fuel surcharge it imposes on domestic and
international tickets, reports The Age.

A $2 increase to the domestic levy and $5 internationally is to
be imposed by Qantas, according to speculations.  But Qantas
said on Monday that it was still monitoring fuel prices and has
yet to decide if passenger surcharge would be raised.

Citigroup Smith Barney expects Qantas to raise $100 million by
lifting the passenger surcharge from $6 to $8 for each domestic
sector and $15 to $20 for each international sector.  With the
rise in fuel surcharge, Virgin Blue is estimated to gain $15
million, but declines to rule out an increase.  Qantas Airways
also refused to rule out increasing the surcharge.

Qantas is expected to announce a $640 million to $662 million in
profit on Thursday.

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
Website: http://www.qantas.com


* Court Appoints Liquidator to Providers of Builder's Insurance
---------------------------------------------------------------
The Australian Securities and Investments Commission (ASIC)
announced in its press release on Monday that it has obtained
orders in the Supreme Court of Victoria appointing Mr Gess
Rambaldi as liquidator to Homesafe Equities Pty Ltd (Homesafe)
and Home and Renovators Group Pty Ltd (H&RG).

Both Homesafe and H&RG did not oppose ASIC's application.

Homesafe and H&RG were providers of Builder's Warranty and
Financial Guarantee Bonds. Between June 2003 and February 2004,
Homesafe issued approximately 790 bonds to builders in Victoria.

As a result of an earlier application by ASIC, Mr Rambaldi was
appointed as provisional liquidator of the companies in July
2004, and provided a report to ASIC and the Court in August 2004
outlining the companies' state of affairs. Mr Rambaldi's report
strongly supported concerns raised by ASIC in its application,
and in addition found that:
both companies were insolvent;

Mr. Rambaldi had been unable to obtain sufficient evidence or
comfort as to the existence of reinsurance allegedly held by
Homesafe;

Homesafe issued deposit bonds and he believed vendors were at
risk should calls be made on the deposit bonds; the companies
had possibly committed a range of other offences; and the
directors of Homesafe had continued to deal on behalf of the
company after Mr Rambaldi's appointment.

Builders in Victoria are required, under the State Building Act
1993 (the Act), to be covered by an insurance policy that
complies with the Act and a related Ministerial Order. For
domestic building contracts, the required insurance covers
property owners against non-completion of work and structural
defects for a specified period, where the builder dies,
disappears or becomes insolvent.

Builders or homeowners with concerns regarding their builder's
insurance can contact ASIC through the Infoline on 1300 300 630.
Background

ASIC alleged that:

H&RG was insolvent;

Homesafe and H&RG had breached the Corporations Act 2001 and the
Insurance Act 1973 by issuing insurance and financial products
without the necessary authority or licence;

Homesafe continued to issue the bonds after being told by the
Australian Prudential Regulatory Authority to desist from doing
so; and
Homesafe may have insufficient assets available to meet
potential claims under the bonds, should they arise.


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


B.F. CONSTRUCTION: Enters Winding Up Proceedings
------------------------------------------------
Notice is given that a Petition for the Winding up of B.F.
Construction Company Limited by the High Court of Hong Kong
Special Administrative Region was, on the 12th day of June 2004,
presented to the said Court by Maintain Profits Limited
(Provisional Liquidators appointed) (Maintain Profits) and
Myriad Gold Corporation (Provisional Liquidators appointed)
(Myriad Gold), contributories of the above-named B.F.
Construction Company Limited.

The registered office of both Maintain Profits and Myriad Gold
is situated at the offices of Offshore Incorporation Limited, P.
O. Box 957, Offshore Incorporations Centre, Road Town, Tortola,
British Virgin Islands.

The said Petition will be heard before the Court at 9:30 am on
the 25th day of August 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.

Stephenson Harwood & Lo
Solicitors for the Petitioner,
18th Floor, Edinburgh Tower
The Landmark
15 Queen's Road Central
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 24th day of
August 2004.


CHINA MOTION: Posts Circular of Discloseable Transactions
---------------------------------------------------------
On 26 July 2004, the Directors of China Motion Telecom
International Limited announced that Sheen Sino, an indirect
wholly-owned subsidiary of the Company, has entered into the 1st
Provisional Agreement with, among others, the 1st Purchaser, an
Independent Third Party to dispose of the 1st Property at the
consideration of HK$16,500,000.

On 9 August 2004, the Directors also announced that Sheen Sino
has entered into the 2nd Provisional Agreement with, among
others, the 2nd Purchaser, an Independent Third Party to dispose
of the 2nd Property at the consideration of HK$22,000,000.

On 10 August 2004, the Directors further announced that the
Company has entered into the Contract with the Vendor, an
Independent Third Party to purchase the Equipment at the
consideration of US$5,000,000 (approximately HK$39,000,000).

Each of the Disposals and the Acquisition constitutes a
discloseable transaction for the Company under Chapter 14 of the
Listing Rules. The purpose of this circular is to provide you
with further information of the Disposals and the Acquisition
and other information as required by the Listing Rules.

To view the full document, please click on:
http://bankrupt.com/misc/TCRAP_CHINAMOTION081704.pdf


CHUNG MING: Appoints Joint and Several Liquidators
--------------------------------------------------
By an order of the High Court of the Hong Kong Special
Administrative Region Court of First Instance, dated the 20th
day of July 2004, David John Kennedy and Stephen Briscoe of RSM
Nelson Wheeler Corporate Advisory Services Limited, 7th Floor,
Allied Kajima Building, 138 Gloucester Road, Wanchai, Hong Kong,
have been appointed as Joint and Several Liquidators of Chung
Ming Construction Limited (In Compulsory Liquidation).

David John Kennedy
Stephen Briscoe
Joint and Several Liquidator

This announcement is dated august 17, 2004.


FULLOTTE LIMITED: Faces Bankruptcy Proceedings
----------------------------------------------
Notice is given that a Petition for the Winding up of Fullotte
Limited by the High Court of Hong Kong Special Administrative
Region was, on the 27th day of July 2004, presented to the said
Court by Bank of China (Hong Kong) Limited (the successor
corporation to Kincheng Banking Corporation pursuant to Bank of
China (Hong Kong) Limited (Merger) Ordinance (Cap. 1167) whose
registered office is situate at 14th Floor, Bank of China Tower,
No. 1 Garden Road, Central, Hong Kong.

The said Petition will be heard before the Court at 9:30 am on
the 1st day of September 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.

Tsang, Chan & Wong
Solicitors for the Petitioner,
16th Floor, 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 31st day of
August 2004.


GOLLAN LIMITED: Winding Up Hearing Set September 1
--------------------------------------------------
A Petition for the Winding up of Gollan Limited by the High
Court of Hong Kong Special Administrative Region was, on the
27th day of July 2004, presented to the said Court by Bank of
China (Hong Kong) Limited (the successor corporation to Kincheng
Banking Corporation pursuant to Bank of China (Hong Kong)
Limited (Merger) Ordinance (Cap. 1167) whose registered office
is situate at 14th Floor, Bank of China Tower, No. 1 Garden
Road, Central, Hong Kong.

The said Petition will be heard before the Court at 9:30 am on
the 1st day of September 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.

Tsang, Chan & Wong
Solicitors for the Petitioner,
16th Floor, 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 31st day of
August 2004.


JINHUI HOLDINGS: Changes Directorship
-------------------------------------
The board of directors of Jinhui Holdings Company Limited
announces that due to personal reasons, Mr. So Wing Hung Peter
has given notice of his resignation as a Non-Executive Director
of the Company with effect from 13 August 2004. Mr.

So confirmed that there is no disagreement with the Board and
there is no matter relating to his resignation that needs to be
brought to the attention of the shareholders of the Company.

The Board would like to express sincere gratitude to Mr. So for
his valuable contributions to the Company.

As at the date of this announcement:

(a) the executive directors of the Company are Ng Siu Fai, Ng
Kam Wah Thomas, Ng Ki Hung Frankie and Ho Suk Lin;

(b) the non-executive director of the Company is Ho Kin Lung;
and

(c) the independent non-executive directors of the Company are
Cui Jian Hua and Tsui Che Yin Frank.

By Order of the Board
Ho Suk Lin
Company Secretary
Hong Kong

This Hong Kong Stock Exchange announcement is dated August 16,
2004.


JOY OCEAN: Court Hears Winding Up Petition
------------------------------------------
Notice is given that a Petition for the Winding up of Joy Ocean
Limited by the High Court of Hong Kong Special Administrative
Region was, on the 31st day of July 2004, presented to the said
Court by Bank of China (Hong Kong) Limited whose registered
office is situate at 14th Floor, Bank of China Tower, No. 1
Garden Road, Central, Hong Kong.

The said Petition will be heard before the Court at 10:00 am on
the 1st day of September 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.

Rowland Chow, Chan & Co
Solicitors for the Petitioner,
15th Floor, Wing Lung Bank Building
No. 45 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 31st day of
August 2004.


PRIME LIMITED: Winding Up Hearing Slated September 1
----------------------------------------------------
Notice is given that a Petition for the Winding up of Prime
Limited by the High Court of Hong Kong Special Administrative
Region was, on the 26th day of July 2004, presented to the said
Court by Roco Investment Limited and Exact Grow Development
Limited whose registered office are situate at Top Floor,
Chinachem Golden Plaza, 77 Mody Road, Tsimshatsui East, Kowloon,
Hong Kong.

The said Petition will be heard before the Court at 9:30 am on
the 1st day of September 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.

Ford, Kwan & Company
Solicitors for the Petitioner,
Rooms 1202-1206, 12th Sloor
Wheelock House,
No. 20 Pedder Street
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 31st day of
August 2004.


WHALE III: Enters Bankruptcy Proceedings
----------------------------------------
Notice is given that a Petition for the Winding up of Whale III
Pub & Restaurant Limited by the High Court of Hong Kong Special
Administrative Region was, on the 29th day of July 2004,
presented to the said Court by Fort Crown Investments Limited
whose registered office is situate at Top Floor, Chinachem
Golden Plaza, 77 Mody Road, Tsimshatsui East, Kowloon, Hong
Kong.

The said Petition is directed to be heard before the Court at
10:00 am on the 1st day of September 2004 and any creditor or
contributory of the said company desirous to support or oppose
the making of an order on the said petition may appear at the
time of hearing by himself or his counsel for that purpose. 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.

Ford, Kwan & Company
Solicitors for the Petitioner,
Rooms 1202-1206, 12th Sloor
Wheelock House,
No. 20 Pedder Street
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 31st day of
August 2004.


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


BANK DANAMON: Inks Data Deal With Reuters
-----------------------------------------
In a press release dated August 16, 2004, Reuters (LSE: RTR,
Nasdaq: RTRSY), the global information company, and Indonesia's
fifth largest bank, PT Bank Danamon tbk said they have signed an
enterprise-wide deal for Reuters Market Data System (RMDS).  The
agreement includes 20 positions of Reuters premium desktop
product, Reuters 3000 Xtra and six positions of Reuters Dealing
service.

Bank Danamon is 51 percent owned by a consortium comprising
Deutsche Bank and the Singapore government's investment arm,
Temasek Holdings.

RMDS is a strategic platform on which PT Bank Danamon can manage
financial content in real-time across trading environments.  The
bank can build its market data services and reduce its costs
whilst improving performance.  In addition to serving Reuters
3000 Xtra, RMDS can also feed a number of business applications
such as risk management systems and trading platforms for Bank
Danamon.

Lam Kun Kin, Business Head Treasury and Capital Market, Bank
Danamon commented: "Bank Danamon depends on accurate and timely
information to make key decisions and service our wide spread
operation.  Reuters market data system will help us manage this
intelligence gathering.  RMDS can integrate, distribute, and add
value to news, information and data for our end users." "Using
Dealing 3000 means producing and routing dealing tickets will be
automated with our new system in the future.  This reduces the
possibility for error and the service helps us to achieve
Straight through processing as Dealing 3000 integrates with back
office systems."

Samir Shah, Head of Sales, South and South Asia, Reuters said:
"Bank Danamon is leading the way to drive towards straight-
through processing as its vision is to contain or reduce the
total cost of ownership, to easily display and integrate new
capabilities and to handle future data and trading volumes. It
is set to meet the challenges of new regulatory requirements and
growth."

Reuters Dealing 3000 is the market-leading, peer-to-peer
conversational trading application.  There is a community of
approximately 19,000 users of Dealing 3000 in more than 6,000
organisations in 120 countries having over 1.5 million
conversations a day, which represents the largest most
established FX and money market community in the world.

Reuters (http://www.about.reuters.com),the global information
company, provides indispensable information tailored for
professionals in the financial services, media and corporate
markets. Our information is trusted and drives decision making
across the globe based on our reputation for speed, accuracy and
independence. We have 14,700 staff in 92 countries, including
some 2,400 editorial staff in 197 bureaux serving approximately
130 countries, making Reuters the world's largest international
multimedia news agency. In 2003, the Reuters Group had revenues
of 3.2 billion pounds.

Reuters and the sphere logo are the trademarks of the Reuters
group of companies.

For more information, please contact:

Liam Hwee Tay
Reuters corporate communications, Asia
Tel:  +65-6870-3028

Yasmeen Khan
Reuters media relations
Tel:  +44-207-542-0496


PERTAMINA: To Distribute Fuel With Police, Military Help
--------------------------------------------------------
To ensure the security of fuel distribution across Indonesia,
state oil and gas firm PT Pertamina is planning to call in
police and military forces for assistance, reports the Antara
news agency, citing Pertamina spokesman Hanung Budya.

According to Mr. Hanung, newly-installed Pertamina president
director Widya Purnama directed on Saturday all Pertamina
marketing general managers to use all available resources,
including police and military, to secure fuel oil distribution
in the country until the Islamic post-fasting festivity holidays
end.

Mr. Widya also said that the Plumpang and Tanjung Priok oil
depots should be protected from any criminal activity, and
should therefore be given priority.

The Pertamina chief said that with the government spending some
IDR60 trillion on domestic fuel oil subsidies this year,
Pertamina could not afford any irregularity in the distribution
of fuel oil.

CONTACT:

PT Pertamina Tbk
Jalan Merdeka
Timur No. 1 A
Jakarta 10110
Tel: (62)(21)3815111
Fax: 3846865/ 3843882
www.pertamina.com


SEMEN GRESIK: Cemex Yet To Receive Indonesian Govt Buyback Offer
----------------------------------------------------------------
Mexican cement giant Cemex SA (CX) said on Monday it has not
received any formal offer from the Indonesian government to buy
back its 25.5% stake in PT Semen Gresik (SMGR.JK), contrary to
claims by Indonesian minister for state enterprise Laksamana
Sukardi, reports Dow Jones.

According to Mr. Laksamana earlier Monday, the government has
offered to buy back the stake following strong opposition in
West Sumatra to a Cemex takeover of Indonesia's largest cement
company. A Cemex spokesman, however, said the Monterrey-based
firm has yet to get such proposal, and that the arbitration
process is still going on.

Cemex bought its Semen Gresik stake for US$290 million in 1998
at a privatization auction, as well as an option to raise its
holdings to 51 percent. However, when Cemex exercised that
option, the Indonesian government backed away from the agreement
due to strong opposition to the sale.

The Mexican firm promptly brought in December 2003 the dispute
before the Washington-based International Center For the
Settlement of Investment Disputes, seeking revocation of the
purchase agreement and damages.

CONTACT:

Pt Semen Gresik (persero) Terbuka
Jalan Veteran
Gresik, 61122
INDONESIA
+62 31 398 1731-2/1745
+62 31 398 3209/3972 2264


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


AWAMURA SEISAKUSHO: Enters Bankruptcy
-------------------------------------
Awamura Seisakusho K.K. has entered bankruptcy, according to
Teikoku Databank America. The pump and pumping equipment
manufacturer, which is based in Osaka-Shi, Osaka 530-0001, has
total liabilities of US$29.00 million.

For more information, please click: http://www.teikoku.com/


DAIEI INCORPORATED: Sales Down for 5th Straight Month
-----------------------------------------------------
For the fifth consecutive month of decline, Daiei Incorporated
saw its July sales drop 4 percent from last year on a same-store
basis, reports Dow Jones Newswires.

The struggling retailer had missed its target of a 1-percent
decline in sales at stores open at least a year for the fiscal
year ending February 2005. Its sales continuously dropped 5
percent in March, 3 percent in April and May, and 7 percent in
June.

According to the firm's spokesman, the heat wave has
significantly affected Daiei's foodstuff business as the hot
weather caused people to lose their appetites and made them
avoid daytime shopping.

But despite sluggish sales, Daiei continues to meet its profit
target due to cost cuts. In fact, it projects parent-only
operating revenue of JPY6 billion for the fiscal half ending in
August.

Last week, Daiei's main creditors UFJ Bank, Mizuho Corporate
Bank and Sumitomo Mitsui Banking urged the ailing firm to seek
aid from the Industrial Revitalization Corporation of Japan to
overhaul its restructuring program. But Daiei, determined to
pursue its own rehabilitation scheme, rejected the banks'
proposal.

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
Website: www.daiei.co.jp


DAIEI INCORPORATED: Ripplewood Mulls Investment
-----------------------------------------------
U.S. buyout firm Ripplewood Holdings LLC has emerged as a
possible investor in Daiei Incorporated, NewsOnJapan relates,
citing the Nihon Keizai newspaper.

Ripplewood, along with Mitsubishi Motors' equity investor
Phoenix Capital and George Soros' affiliate Kiacon Corporation,
is considering a possible investment in Daiei assuming that the
troubled firm will not undergo restructuring under state-backed
Industrial Revitalization Corporation of Japan (IRCJ).

However, Daiei's main lenders plan to send the struggling
retailer, despite its resistance, to IRCJ by February next year
to hasten the restructuring of its JPY1.07 trillion (USD9.6
billion) debts.


MITSUBISHI MOTORS: Revises Dealers' Incentives Scheme
-----------------------------------------------------
As part of measures to recover from plunging sales, Mitsubishi
Motors has amended its sales incentives scheme to affiliated car
dealers, Japan Today reports, citing the Nihon Keizai Shimbun
daily.

Under the new system, the ailing MMC lowered the sales quota of
dealers in order to receive incentives worth at least JPY50,000
for every car sold.

CONTACT:

Mitsubishi Motors Corporation
2-16-4 Konan, Minato-ku
Tokyo, 108-8410, Japan
Phone: +81-3-6719-2111
Fax: +81-3-6719-0014
Website: http://www.mitsubishi-motors.co.jp


NIPPON STEEL: Fitch Upgrades Rating To 'BBB'; Stable Outlook
------------------------------------------------------------
Fitch Ratings, the international rating agency, has on August 12
upgraded Nippon Steel Corporation's (NSC) Senior Unsecured
foreign currency rating to 'BBB' from 'BB+' and Short-term
rating to 'F3' from 'B'. The rating Outlook remains Stable.

NSC's rating reflects a significant improvement in the company's
credit profile, generated by robust operating performance and
continuing debt reduction. NSC has benefited from improving
conditions in the domestic economy and an increase in steel
prices, and as the largest steel producer in Japan is well
placed to take advantage of the ongoing strong momentum of the
industry. The rating also reflects NSC's relatively consistent
earnings profile and positive free cash flow generation, as well
as its improved ability to withstand volatility through economic
cycles, following the structural changes in the industry that
have somewhat reduced the pressure on margins.

Steelmakers have gradually regained a degree of price control
from consumers and ongoing cost reduction has strengthened NSC's
earnings profile, both of which support operational and
financial stability. NSC has stated its intention to implement
further cost and debt reductions, and this implies that a
further improvement in its credit profile can be expected, which
also supports the Stable Outlook assigned to the rating.

NSC's EBITDA margin performance has shown an improving trend to
the 13.3% achieved in FY04 from 9.6% in FY02; the core
steelmaking and steel fabrication segment has been the primary
driver of revenue growth and this EBITDA margin recovery.

In FYE04, two years ahead of schedule, NSC has already achieved
its interest-bearing debt target of JPY1.6 trillion with a
reduction of JPY308 billion. Net debt/EBITDA declined to 3.6x in
FYE04 from 7.2x in FYE02. The current target of interest-bearing
debt for FYE05 is JPY1.5trn, which implies that NSC intends to
reduce leverage further.

NSC's annual capital expenditure (CAPEX) has been stable at
around JPY150bn, which is expected to be covered by
depreciation. There remains little possibility of a significant
increase in CAPEX in the short term, indicating no material
financing needs are anticipated and, therefore, NSC's stable
credit profile should be maintained.

NSC adopted an asset-impairment accounting policy in FYE04,
although this is not yet an obligation for Japanese companies.
Losses amounted to JPY60bn, due to a revaluation of fixed
assets, including unused properties and a loss-making amusement
park, amongst others. Nevertheless, this could be viewed as a
positive factor, given the relatively small impact on the
company's financial condition and the improvement in the
transparency of information that it creates.

In its analysis, Fitch also considered the potential impact of
rising raw material costs. However, ongoing cost reduction and a
potential increase in 'tied sale (orders for specified users)'
prices could mitigate any such impact. Additionally, in the
long-term, while there is potential for China or other
industrial developing countries to match Japanese steelmakers in
terms of production scale, technology and product quality, it is
too early to assess whether there is likely to be any material
impact on NSC.

NSC is the largest integrated producer of steel in Japan with a
30% share of domestic crude steel production as well as the
world's third largest steel producer.

CONTACT:

Nippon Oil Corporation
3-12, Nishi Shimbashi 1-chome, Minato-ku
Tokyo, 105-8412, Japan
Phone: +81-3-3502-1184
Fax: +81-3-3502-9862
Website: http://www.eneos.co.jp


UFJ HOLDINGS: Shortlists Aplus Bidders
--------------------------------------
UFJ Holdings has shortlisted bidders for a stake in its consumer
finance affiliate, Aplus Company, NewsOnJapan relates.

Among five to six local and foreign firms who are eyeing the
stake sale, the embattled megabank has chosen to divest its 40
percent group stake in Aplus to either Shinsei Bank or HSBC
Holdings. UFJ hopes to name the buyer this week based on such
factors as operational and financing plans.

Aplus, which has a market value of JPY100 billion (US$905
million), plans to withdraw from corporate financing and
concentrate on its credit card and consumer business as part of
a scheme to restructure operations.

CONTACT:

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


* R&I Leaves MTFG, UFJ and Affiliates on Rating Monitor
-------------------------------------------------------
Rating and Investment Information, Inc. (R&I), has held the
following ratings on the Rating Monitor scheme.

R&I RATINGS

COMPANY NAME                   SENIOR L-T      S-T CREDIT RATING
                               CREDIT RATING   CP RATING

Mitsubishi Tokyo Financial Group, Inc.(AA-)*        -
The Bank of Tokyo-Mitsubishi, Ltd.    (AA-)*      (a-1+)*
The Mitsubishi Trust and Banking Corp  (A+)*        -
Mitsubishi Securities Co., Ltd.        (A+)*        -
UFJ Bank, Ltd.                         (A-)**       -
UFJ Tsubasa Securities Co., Ltd.      (BBB)**     (a-2)**

* Remains on the Rating Monitor scheme with a view to
downgrading
** Remains on the Rating Monitor scheme with a view to upgrading

RATIONALE:

Mitsubishi Tokyo Financial Group, Inc. (MTFG), and UFJ Holdings,
Inc. (UFJHD) and their subsidiaries today announced they have
reached a basic agreement to merge by October 1, 2005. In view
of the announcement, R&I is remaining its Rating Monitor scheme
the ratings for MTFG and its subsidiaries with view to
downgrading and the ratings for UFJ Bank and UFJ Tsubasa
Securities with a view to upgrading. R&I placed the ratings on
the Rating Monitor scheme on July 16. The a-1 short-term credit
rating and commercial paper ratings for Mitsubishi Securities
and UFJ Bank have not been placed on the Rating Monitor scheme.

According to the announcement, the holding companies and their
subsidiary commercial banks, trust banks and securities firms
will merge by October 1, 2005. Moreover, both groups agreed on
August 11 on the cooperation of MTFG in a capital increase for
the UFJ Group, and
MTFG or Bank of Tokyo-Mitsubishi will subscribe to a 500 billion
yen capital increase to be conducted by UFJHD or UFJ Bank by
September 30, 2004.

If necessary, UFJHD or UFJ Bank will conduct a further capital
increase up to a maximum of 200 billion yen, and MTFG, Bank of
Tokyo-Mitsubishi or parties designated by either or both of them
with the consent of UFJ will subscribe in such capital increase.

The merger of the two groups is expected to supplement regional
weaknesses as well as creating the industry's top ranked trust
bank in almost all segments. On the other hand, there are
significant disparities between MTFG and UFJ in terms of the
quality of assets and the adequacy of equity capital.

It is very likely that the outstanding financial base of MTFG,
which R&I has rated highly, will be weakened as a result of the
merger. UFJ will likely be able to keep the equity ratio
required under regulations due to the cooperation of MTFG in the
UFJ capital increase.

However, it will be necessary to raise funds externally to
enhance the group's equity capital after the merger. R&I will
monitor factors such as how far the improvement in soundness of
UFJ's assets proceeds before the merger and the scale of its
fund raising.

Currently, R&I maintains a one-notch difference in the ratings
assigned to MTFG subsidiaries Bank of Tokyo-Mitsubishi, and
Mitsubishi Trust and Banking and Mitsubishi Securities. However,
it will conduct a review taking into account factors that
include future strategic importance within the group and
contribution to consolidated business results in terms of the
relationship between each subsidiary.

On August 11, the Tokyo High Court removed the provisional
injunction imposed by the Tokyo District Court, which ordered
UFJ to halt negotiations on the merger of trust banking
operations.

However, Sumitomo Trust and Banking Corp., is protesting this
decision and has lodged applications with the Supreme Court for
a special kokoku appeal and a kokoku appeal with permission to
overturn this decision.
R&I will continue to monitor developments in these legal
proceedings.

To view the complete rating release, please click on:
http://bankrupt.com/misc/TCRAP_R&IRATINGS081704.pdf


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


JINRO LIMITED: Union Action Triggers "Soju" Hoarding
----------------------------------------------------
The decision of Jinro Limited's labor union to launch a work-to-
rule action last Monday has sparked fears of a soju supply
shortage, and has prompted retailers to stock up on
Chamjinisulro, the distiller's top-selling brand of the
traditional Korean liquor, reports Yonhap News.

According to a soju wholesaler, the work-to-rule action, where
personnel work strictly according to the legal terms of their
employment contracts, could lead to a shortage of Jinro-supplied
soju and a surge in soju prices.

Currently, Jinro has a daily output of 190,000 boxes, but its
daily production could fall to around 150,000 boxes, far shy of
the market's daily demand of 190,000-200,000 boxes, analysts
said.

The Jinro union's labor action, a move ahead of a general
strike, came after almost 97 percent of its members voted for a
strike Friday over a pay raise and better working conditions.

Jinro, which has 54-percent share of the domestic soju market,
has been under court receivership since May 2003 as it incurred
huge debts due to over-expansion.

CONTACT:

Jinro Limited
1448-3 Seocho-dong Seocho-gu
Seoul, SEOUL 137-866
KOREA (SOUTH)
Tel: +82 2 520 3114
Tel: +82 2 520 3453


SSANGYONG MOTOR: SAIC Starts Due Diligence
------------------------------------------
Shanghai Automotive Industry Corp. (SAIC) began yesterday its
due diligence on South Korea's Ssangyong Motor Co., which is in
the process of being taken over by the Chinese automaker,
reports Yonhap News.

The due diligence will run for three weeks and is expected to be
complete by September 3rd. The process will involve an
inspection of Ssangyong Motor's Pyeongtaek plant, 70 kilometers
south of Seoul.

Last month, SAIC signed a memorandum of understanding (MOU) to
acquire 48.9 percent shares of Ssangyong by late October, when
the deal is expected to be completed.

Meanwhile, Ssangyong's labor union said that though it may have
no plans of blocking SAIC's inspection of financial papers, it
could still block SAIC's on-site inspection should the need
arise, like they did last year when the Lanxing Group, China's
largest chemical group, was selected as preferred bidder for the
troubled automaker.

The labor union also said it will put the finishing touches on a
set of preconditions to the Ssangyong sale by Friday and deliver
them to the automaker's creditors.

CONTACT:

Ssangyong Motor Company Limited
150-3 ChilgoE-dong
Pyeongtaek-si, Kyonggi 459-711
Korea (South)
Telephone: +82 31 610 1114
Telephone: +82 31 610 3739


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


AMSTEEL CORPORATION: Shareholder's OK EGM Resolutions
-----------------------------------------------------
Amsteel Corporation Berhad announced that at the Extraordinary
General Meeting (EGM) of the Company held on 16 August 2004, the
shareholders of the Company have approved the following ordinary
resolution:

Proposed disposal of up to 20,002,700 ordinary shares of RM1.00
each fully paid in Boustead Properties Berhad (formerly known as
SCB Developments Berhad) for cash, representing approximately
11% of the current issued and paid-up share capital of Boustead
Properties Berhad through the open market or placements.

"THAT approval be and is hereby given for Amsteel Corporation
Berhad (Amsteel) to dispose of up to 20,002,700 ordinary shares
of RM1.00 each fully paid in Boustead Properties Berhad
(formerly known as SCB Developments Berhad) (Boustead
Properties) (Boustead Properties Shares) (inclusive where
applicable of:

(i)  Any new shares in Boustead Properties arising from an
alteration of the existing par value of the Subject Shares
pursuant to any consolidation, subdivision or conversion of the
Subject Shares.

(ii)  Any additional new shares in Boustead Properties arising
from an issue by Boustead Properties to its shareholders
credited as fully paid by way of capitalisation of profits or
reserves, attributable to the Subject Shares.

(iii) Any capital distribution by Boustead Properties to its
shareholders, attributable to the Subject Shares, and/or (iv)
any entitlements to any issue of shares or securities by
Boustead Properties, attributable to the Subject Shares) at
price(s) which shall not be more than 10% discount to the 5-day
weighted average market prices of the Boustead Properties Shares
preceding the relevant date(s) of the disposal(s) through the
open market or placement(s) (Share Disposal Mandate) AND THAT
authority be and is hereby given to the Directors of the Company
to do all such acts and things as they may consider expedient or
necessary or in the interest of the Company to give effect to
the Share Disposal Mandate and that such authority shall
continue to be in force from the date this resolution is passed
until 31 December 2009."

CONTACT:

Amsteel Corporation Berhad
165 Jalan Ampang
Kuala Lumpur, 50450
MALAYSIA
Tel: +60 3 2162 2155/2161 3166
Tel: +60 3 2162 3448

This announcement is dated 16 August 2004.


ANCOM BERHAD: Purchases 79,900 Ordinary Shares on Buy Back
----------------------------------------------------------
Ancom Berhad disclosed to Bursa Malaysia Berhad the details of
its shares buy back on August 16, 2004.

Date of buy back: 16/08/2004

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

Total number of shares purchased (units): 79,900

Minimum price paid for each share purchased (RM): 0.780

Maximum price paid for each share purchased (RM): 0.795

Total consideration paid (RM):

Number of shares purchased retained in treasury (units): 79,900

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

Cumulative net outstanding treasury shares as at to-date
(units): 4,118,500

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

CONTACT:

Ancom Berhad
Level 14, Uptown 1
No. 1 Jalan SS21/58
Damansara Uptown
47400 Petaling Jaya
Selangor
Telephone: 03-77252888
Fax: 03-77257791
Website: http://www.ancom.com.my


BERJAYA GROUP: Issues Restructuring Update
------------------------------------------
Berjaya Group Berhad (BGroup) refer to its announcement dated 31
May 2004 in relation to the variation to the Proposed Repayment
of Bank Borrowings.

In the announcement, it was stated that Danaharta Managers Sdn
Bhd, Danaharta Urus Sdn Bhd and Danaharta Managers (L) Ltd
(Danaharta Group) had declined to accept the proposed repayment
of borrowings through the issuance of new BCSB ICULS pursuant to
the Proposed Repayment of Bank Borrowings (Variation).

As such, BGroup had proposed to meet its obligation to Danaharta
Group partly through proceeds arising from the Proposed Rights
Issue and the balance through the proposed disposal of assets.
Amongst the assets identified is the proposed disposal by BGroup
of its interests in Hyundai-Berjaya Corporation Berhad (HBCB)
securities to Sime Darby Berhad, which was announced on 2 April
2004 and 19 June 2004 (Proposed HBCB Disposal).

On behalf of the Board of Directors of BGroup, Commerce
International Merchant Bankers Berhad  (CIMB) is pleased to
announce that the Securities Commission has approved the
Variation and the revised utilization of proceeds from the
Proposed Rights Issue subject to the following conditions:

(i) The approval on the Variation should not constitute as an
approval pertaining to the Proposed HBCB Disposal; and

(ii) CIMB/BGroup should obtain the necessary approvals from the
relevant authorities on the Proposed HBCB Disposal.

Collectively referred to as the Proposed BGroup Restructuring
Exercise:

(i) Proposed voluntary scheme of arrangement on the entire
issued and paid-up share capital of BGroup comprising ordinary
shares of rm1.00 each in BGroup (BGroup shares), the 5%
irredeemable convertible unsecured loan stocks (ICULS) 1999/2009
of rm1.00 nominal amount each in BGroup (BGroup ICULS) and
warrants 1999/2009 of BGroup (BGroup warrants) pursuant to
section 176 of the companies act, 1965 with Berjaya Corporation
Sdn Bhd (BCSB) (a company identified to undertake the proposed
BGroup restructuring exercise) for the exchange of the
securities of BGroup with new ordinary shares of rm1.00 each in
BCSB (BCSB shares) and 0% 10-year irredeemable convertible
unsecured loan stocks of rm0.50 nominal amount each in BCSB
(BCSB ICULS) (proposed BGroup scheme);

(ii) Proposed renounceable rights issue of up to rm283,614,980
nominal amount BCSB ICULS (rights ICULS) with up to rm76,576,045
nominal amount additional BCSB ICULS (additional ICULS), on the
basis of four (4) rights ICULS for every five (5) BCSB shares or
BCSB ICULS held after the proposed BGroup scheme and rm0.135
nominal amount additional ICULS for each rights ICULS
subscribed, on a date to be determined and announced later by
the board of directors of BCSB (proposed rights issue);

(iii) Proposed repayment of BGroup's bank borrowings through the
issuance of new BCSB ICULS (proposed repayment of bank
borrowings);

(iv) Proposed settlement of inter-company balances on behalf of
BGroup by BCSB to Berjaya Land Berhad (B-land) and Berjaya
Capital Berhad through the issuance of new BCSB ICULS (proposed
inter-company settlements);

(v) Proposed acquisition of the entire issued and paid-up share
capital of Bukit Tinggi Resort Berhad (BTR) for a total purchase
consideration of rm802,085,626 to be satisfied entirely through
the issuance of 802,085,626 new BCSB shares at par (proposed BTR
acquisition); and

(vi) Proposed transfer of listing status of BGroup on the main
board of Bursa Malaysia Securities Berhad to BCSB.

CONTACT:

Berjaya Group Berhad Co.
11th Fl., Menara Berjaya, KL Plaza, 179, Jalan Bukit Bintang
55100 Kuala Lumpur, Malaysia
Phone: +60-3-2935-8888
Fax: +60-3-2935-8043

This Bursa Malaysia announcement is dated 16 August 2004.


BERJAYA SPORTS: Grants Listing of 67,756 Ordinary Shares
--------------------------------------------------------
Berjaya Sports Toto Berhad's additional 67,756 new ordinary
shares of RM1.00 each arising from the Conversion of RM67,756
nominal amount of 8 percent irredeemable convertible unsecured
loan stocks 2002/2012 into 67,756 new ordinary shares will be
granted listing and quotation with effect from 9.00 a.m.,
Wednesday, 18 August 2004.

CONTACT:

Berjaya Sports Toto Berhad
179 Jalan Bukit Bintang
Kuala Lumpur 55100
Malaysia
Tel: +60 3 2935 8888
Tel: +60 3 2935 8043


FABER GROUP: Discloses Unaudited Quarterly Report
-------------------------------------------------
In a disclosure to Bursa Malaysia Securities Berhad, Faber Group
Berhad released its unaudited quarterly report for the financial
period ended June 30, 2004.

              SUMMARY OF KEY FINANCIAL INFORMATION
                           30/06/2004

          INDIVIDUAL PERIOD              CUMULATIVE PERIOD
   CURRENT YEAR    PRECEDING YEAR  CURRENT YEAR  PRECEDING YEAR
     QUARTER       CORRESPONDING   TO DATE       CORRESPONDING
                   QUARTER                       PERIOD

        30/06/2004  30/06/2003     30/06/2004    30/06/2003
        RM'000       RM'000         RM'000       RM'000


1 Revenue  139,936   141,777        291,492        274,072

2 Profit/(loss)
before tax  -1,037  -4,328          9,724         -31,295

3 Profit/(loss)
after tax and
minority
interest   -8,265    4,602        -10,004        -29,756

4 Net profit/(loss)
for the period
           -8,265     4,602       -10,004        -29,756

5 Basic
earnings/(loss)
per shares (sen)
           -3.90        2.30       -4.80         -14.70

6 Dividend per
share (sen) 0.00        0.00        0.00          0.00

       AS AT END OF          AS AT PRECEDING
       CURRENT QUARTER        FINANCIAL YEAR
                                  END
7 Net tangible assets per share (RM)
       -2.1400                   -2.1200

For a full copy of the release, go to
http://bankrupt.com/misc/tcrap_faber081704.doc

CONTACT:

Faber Group Berhad
Jalan Desa Bahagia
Taman Desa Off Jalan Klang Lama, Kuala Lumpur 58100
Malaysia
Tel: +60 3 7628 2888
Tel: +60 3 7628 2828

This Bursa Malaysia announcement is dated 16 August 2004.


GOLDEN FRONTIER: Winding up Dormant Units
-----------------------------------------
Golden Frontier Berhad disclosed the voluntary winding up of
four dormant wholly owned subsidiary companies and has commenced
voluntary winding up proceeding in accordance with Section
254(1) of the Companies Act, 1965.

a) Golden Frontier Development Sdn Bhd;
b) Sound Rich Resources Sdn Bhd;
c) Alcamax Ventures Sdn Bhd; and
d) Carian Wawasan Sdn Bhd.

For more information, go to
http://bankrupt.com/misc/tcrap_goldenfrontier087104.doc

CONTACT:

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

This Bursa Malaysia announcement is dated 16 August 2004.


HAP SENG: Unit Enters Deal With DaimlerChrysler Malaysia
--------------------------------------------------------
Further to the announcement made on 4 August 2004 and pursuant
to paragraph 9.04(b) of the Bursa Malaysia Securities Berhad
Listing Requirements, the Board of Directors of Hap Seng
Consolidated Berhad is pleased to announce that its wholly-owned
subsidiary, Si Khiong Star Sdn Bhd (659844-H), has on even date
entered into a dealer agreement with DaimlerChrysler Malaysia
Sdn Bhd (596096-H) pursuant to which the same has been appointed
a dealer for the sale and service of Mercedes-Benz vehicles, on
the terms and conditions therein contained [the DMSB
Dealership].

To the best knowledge of the directors, none of the directors or
major shareholders or persons connected to the directors or
major shareholders of the Company has any interest, direct or
indirect, in the DMSB Dealership. In addition, the Board is of
the opinion that the DMSB Dealership is in the best interest of
HSCB Group.

cc: Securities commission

CONTACT:

Hap Seng Consolidated Berhad
No 1A Jalan 205
Petaling Jaya, Selangor Darul Ehsan 46050
MALAYSIA
Tel: +60 3 7783 9888
Tel: +60 3 7781 6305


JIN LIN: Issues Change in Share Registrar
-----------------------------------------
Jin Lin Wood Industries Berhad disclosed to Bursa Malaysia
Securities Berhad the details of the changes of its shares
registrar.

Old registrar: Signet Share Registration Services Sdn Bhd

New registrar: Symphony Share Registrars Sdn Bhd

Address: Level 26, Menara Multi Purpose, Capital Square, 8 Jalan
Munshi Abdullah, 50100 Kuala Lumpur

Telephone No: 03-2721 2222

Facsimile No: 03-2721 2530/2531

Effective date: 13/08/2004


LAND & GENERAL: Withdraws Winding Up Petition
---------------------------------------------
Further to the announcements in relation to the winding up
petition on Bandar Sungai Buaya Sdn Bhd, a wholly owned
subsidiary of Land & General Berhad (L&G), which was released by
L&G on 18 and 19 May 2004, the Directors of L&G are pleased to
inform that the aforementioned Winding-Up Petition was withdrawn
on 4 August 2004.

CONTACT:

Land & General Berhad
7 Persiaran Dagang Bandar Sri Damansara
Kuala Lumpur, Kuala Lumpur 52200
Malaysia
Tel: +60 3 6275 7788
Tel: +60 3 6275 2101

This Bursa Malaysia announcement is dated 16 August 2004.


MALAYSIA BUILDING: Expects FY04 RM20Mln Net Profit
--------------------------------------------------
Malaysia Building Society Bhd (MBSB) expects to post its first
full-year profit of RM20 million in seven years, the Star Online
reports, citing MBSB Chief Executive Officer Ahmad Farid.

The mortgage lender, set up in 1950 and until recently one of
Malaysia's worst-performing state entities, is regaining its
health after a shift back to its core business - home financing
instead of construction lending - and is even contemplating
turning into a bank.

Mr. Farid said both retail loans and deposits had grown rapidly
in the six months, helping the recovery process.

The Company is 63-percent owned by the Employees' Provident Fund
and 11.1 percent by Permodalan Nasional Berhad.

CONTACT:

Malaysia Building Society Berhad
48 Jalan Dungun Damansara Heights,
Kuala Lumpur 50490
Malaysia
Tel: +60 3 2095 4000
Tel: +60 3 2095 4260


MENTIGA CORPORATION: Releases 1H04 Unaudited Financial Results
--------------------------------------------------------------
In a disclosure to Bursa Malaysia Securities Berhad, Mentiga
Corporation Berhad released its unaudited quarterly report for
the financial period ended June 30, 2004.

              SUMMARY OF KEY FINANCIAL INFORMATION
                           30/06/2004

          INDIVIDUAL PERIOD              CUMULATIVE PERIOD
   CURRENT YEAR    PRECEDING YEAR  CURRENT YEAR  PRECEDING YEAR
     QUARTER       CORRESPONDING   TO DATE       CORRESPONDING
                   QUARTER                       PERIOD

     30/06/2004  30/06/2003     30/06/2004    30/06/2003
      RM'000       RM'000         RM'000       RM'000

1  Revenue  758      522            1,624       1,221

2  Profit/(loss)
before tax  -3,734  -1,534         -7,053       -4,052


3 Profit/(loss)
after tax and minority
interest  -3,734     -1,534         -7,053      -4,052

4  Net profit/(loss)
for the period
          -3,734     -1,534         -7,053      -4,052

5  Basic earnings/(loss)
per shares (sen)
          -9.96      -4.09         -18.81       -10.81

6  Dividend per
share (sen)  0.00     0.00         0.00         0.00

       AS AT END OF          AS AT PRECEDING
       CURRENT QUARTER        FINANCIAL YEAR
                                  END

7  Net tangible assets per share (RM)

       -1.6100                -1.4600

For more information, go to
http://bankrupt.com/misc/tcrap_mentigaA081704.xls
http://bankrupt.com/misc/tcrap_mentiga081704B.xls

CONTACT:

Mentiga Corporation Berhad
Jalan Kampar Off Jalan Tun Razak
Kuala Lumpur, 50400
Malaysia
Tel: +60 3 40439411
Tel: +60 3 40431233


MTD CAPITAL: Issues Notice of Shares Buy Back
---------------------------------------------
MTD Capital Berhad disclosed to Bursa Malaysia Securities Berhad
the details of its shares buy back on August 16,2004.

Date of buy back: 16/08/2004

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

Total number of shares purchased (units): 68,100

Minimum price paid for each share purchased (RM): 2.750

Maximum price paid for each share purchased (RM): 2.780

Total consideration paid (RM): 187,595.07

Number of shares purchased retained in treasury (units): 68,100

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

Cumulative net outstanding treasury shares as at to-date
(units): 1,771,600

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

CONTACT:

MTD Capital Berhad
Batu 8 Jalan Batu Caves
Batu Caves, Selangor Darul Ehsan 68100
Malaysia
Tel: +60 3 6189 9022
Tel: +60 3 6187 7898


OSK HOLDINGS: Seeks Extension of Outstanding Warrants
-----------------------------------------------------
OSK Securities Berhad refers to the announcement dated 2 August
2004 on behalf of the Board of Directors of OSK Holdings Berhad
(OSKH).

Pursuant to the proposed extension of the duration and exercise
period of OSKH's outstanding warrants B 2000/2005 (Warrants B)
by five (5) years from 1 March 2005 up to and including 1 March
2010 (proposed warrants extension), the Board of Directors of
OSKH announced that the application to the Securities Commission
(SC) on the Proposed Warrants Extension was submitted to the SC
on 16 August 2004.

CONTACT:

Osk Holdings Berhad
Jalan Ampang
50450 Kuala Lumpur, 50450
Malaysia
Tel: +60 3 2162 4388
Tel: +60 3 2161 8254


OSK HOLDINGS: Issues Shares Buy Back Notice
---------------------------------------------
OSK Holdings Berhad disclosed to Bursa Malaysia Securities
Berhad the details of its shares buy back on August 16, 2004.

Date of buy back: 16/08/2004

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

Total number of shares purchased (units): 28,200

Minimum price paid for each share purchased (RM): 1.500

Maximum price paid for each share purchased (RM): 1.520

Total consideration paid (RM): 42,764.14

Number of shares purchased retained in treasury (units): 28,200

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

Cumulative net outstanding treasury shares as at to-date
(units): 11,331,300

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


PAN MALAYSIA: Releases Unaudited Quarterly Results
--------------------------------------------------
In a disclosure to Bursa Malaysia Securities Berhad, Pan
Malaysia Capital Berhad released its unaudited quarterly report
for the financial period ended June 30, 2004.

              SUMMARY OF KEY FINANCIAL INFORMATION
                           30/06/2004

          INDIVIDUAL PERIOD              CUMULATIVE PERIOD
   CURRENT YEAR    PRECEDING YEAR  CURRENT YEAR  PRECEDING YEAR
     QUARTER       CORRESPONDING   TO DATE       CORRESPONDING
                   QUARTER                       PERIOD

        30/06/2004  30/06/2003     30/06/2004    30/06/2003
        RM'000       RM'000         RM'000       RM'000

1 Revenue  9,521      5,302          22,824       10,306


2 Profit/(loss)
before tax  -3,037   -1,892         -1,862       -49

3 Profit/(loss)
after tax and minority
interest  -3,064     -1,944         -1,917       -150

4 Net profit/(loss)
for the period
          -3,064     -1,944         -1,917      -150

5 Basic earnings/(loss)
per shares (sen)
          -1.21      -0.77          -0.76      -0.06

6 Dividend per
share (sen)  0.00     0.00           0.00       0.00


       AS AT END OF          AS AT PRECEDING
       CURRENT QUARTER        FINANCIAL YEAR
                                  END

7 Net tangible
assets per share (RM)

          -2.2700             -2.2600

For a full copy of the Quarterly Report, go to
http://bankrupt.com/misc/tcrap_panmalaysia081704.xls

CONTACT:

Pan Malaysia Corporation Berhad
Jalan P Ramlee
Kuala Lumpur, 50250
Malaysia
Tel: +60 3 2141 1891
Tel: +60 3 2144 4755


SATERAS RESOURCES: Court Extends Restraining Order to Dec 31
------------------------------------------------------------
Further to the announcement made on 21 May 2004, the Board of
Directors of Sateras Resources (Malaysia) Berhad announced that
the High Court of Malaya at Kuala Lumpur has on 11 August
extended the Order which inter alia granted a Restraining Order
in favor of the Company and Leave to convene Scheme Meetings
pursuant to Section 176 of the Companies Act 1965 for a further
period of four months from 29 August 2004 to 31 December.

The extended Restraining Order is essential to avoid legal suits
and to facilitate an orderly implementation of the Proposed
Schemes contained in the announcement made to the Kuala Lumpur
Stock Exchange by Public Merchant Bank Berhad on 12 May 2003.

Sateras does not expect the extended Restraining Order to have
any material financial and /or operational impact on the Sateras
group of companies.

CONTACT:

Sateras Resources (Malaysia) Berhad
19 Jalan Pinang
Kuala Lumpur, Kuala Lumpur 50450
Malaysia
Tel: +60 2162 5288
Tel: +60 2161 8529

This Bursa Malaysia announcement is dated 16 August 2004.


TANCO HOLDINGS: Court Grants Restraining Order
----------------------------------------------
The Board of Directors of Tanco Holdings Berhad announced that
the High Court of Malaya in Kuala Lumpur (the Court) had, upon
an application made by the Company and its subsidiary companies
(the Group) for a Restraining Order (RO) pursuant to Section
176(10) of the Companies Act, 1965, granted the same on 13th
August 2004 to the Company and the following subsidiaries as
advised in a letter to the Company dated 16th August 2004 by our
solicitors, Messrs. Cheang & Ariff:

(1) JKMB Development Sdn. Bhd. [Company No.284683-H]
(2) Palm Springs Development Sdn. Bhd. [Company No.72160-X]
(3) Palm Springs Resort Management Berhad [Company No.382001-H]
(4) Popular Elegance (M) Sdn. Bhd. [Company No.358335-K]
(5) Tanco Development Sdn. Bhd. [Company No.231587-D]
(6) Tanco Land Sdn. Bhd. [Company No.251830-M]
(7) Tanco Properties Sdn. Bhd. [Company No.75902-X]
(8) Tanco Resorts Berhad [Company No.237900-H]
(9) Tanco Club Berhad [Company No.219037-P]

The RO is valid for eight (8) months effective from 13th August
2004 and is to facilitate the Group in formalizing its scheme of
arrangement for the approval of its creditors.

In conjunction with the grant of the RO, the Court has also
approved Mr. Loh Chen Peng to act as a director of the Company
pursuant to Section 176(10A)(d) of the Companies Act, 1965 and
whose nomination has the consent from the majority of the
creditors to represent their interest.

2. Events leading to the grant of the Court Order

On 28 May 2004, the Company had announced that the Group was not
in a position to meet its interest obligations to its lenders
due on 31 May 2004 and would be in a default position in payment
of this interest when it became due. As a consequence, the
Group's restructured loans as worked out under the purview of
the Corporate Debt Restructuring Committee (CDRC) would be and
is in default.

The Company had engaged Z J Advisory Sdn Bhd to advise on the
financial aspect for the purposes of working out a debt
restructuring scheme under Section 176 of the Companies Act (the
Scheme) and had engaged Messrs. Cheang & Ariff as its legal
advisor to make application to the Court pursuant to the Scheme.

The Group's failure to meet its repayment obligations on its
restructured loan debts as worked out under the CDRC Scheme is
due mainly to the following factors:

(i) Faults in the CDRC Restructuring Agreement that had resulted
in hindrances that had hampered the effort of the Group to
realize its assets to create liquidity to meet its obligations;

(ii) Adverse economic conditions following the completion of the
CDRC Scheme that had affected the Group's business, in
particular the vacation ownerships business undertaken by Tanco
Resorts Bhd.

As a result of the default, the Group is now formalizing the
Scheme with its creditors on a private workout basis and any
compromise and arrangement under the Scheme would be pursuant to
Section 176 of the Companies Act, 1965.

3. Financial and operational impact on the group

The Company does not expect the RO to have any material effect
on the financial and operational matters of Tanco and its
subsidiaries.

4. Details of the Scheme

Subject to creditors' consent and any modifications where
necessary to meet regulatory and legal requirements, the Scheme
would involve:

(i) A proposed capital reduction;

(ii) A proposed settlement:

(a) For secured lenders involving terming out certain portion of
the loans where repayments will be met from development
proceeds, conversion of part of the loan to Redeemable Secured
Loan Stock (RSLS) and Redeemable Convertible Secured Loan Stock
(RCSLS) and the balance not covered by any of these instruments
being waived;

(b) For cross secured lenders involving conversion of part of
the loan to RSLS and RCSLS and the balance not covered by any of
these instruments being waived;

(c) For unsecured lenders, a waiver of a significant portion of
their debt and with the balance being settled by way of shares
issued by the Company; and

(d) For the other creditors, any surplus arising from the above-
proposed settlement to the lenders will be used to repay their
indebtedness.

(iii) A managed and orderly programme for disposal of certain of
the Group's assets to meet its debt repayments.

Once the full detail of the Scheme has been finalized, it would
be forwarded to all the Group's creditors for their agreement.

CONTACT:

Tanco Holdings Berhad
Jalan Desa Bandar Country Homes
Rawang, Selangor Darul Ehsan 48000
Malaysia
Tel: +60 3 6092 8333
Tel: +60 3 6091 3188

This Bursa Malaysia announcement is dated 16 August 2004.


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


BENPRES HOLDINGS: Unveils 2004 Second Quarter Results
-----------------------------------------------------
Benpres Holdings Corporation posted unaudited historical
revenues of Php3.792 billion in the first six months of 2004
compared to Php4.153 billion in the same period last year. Net
sales and services declined by 8% to Php2.551 billion,
reflecting the decrease in Maynilad revenues due to lower billed
volume.

In a disclosure to the Philippine Stock Exchange, the costs of
sales and services increased by 4 percent to Php2.157 billion
while general and administrative expenses (GAEX) dropped 37
percent to Php829 million, due to a reclassification of
Concession Fees from GAEX to Cost of Sales and Services.

Provision for losses resulted from the payment of interest on
guarantees, as Benpres paid interest on BayanTel convertible
preferred shares and continued to accrue such payments at
contractual rates. Maynilad's financial performance remains
consolidated under Benpres on account of Benpres's 59 percent
ownership in the water utility.

In addition, the January to June 2003 comparative financial
results also include the accounts of Customer Contact Center,
Inc. (C-Cubed), which was sold on August 8, 2003. C-Cubed booked
revenues of Php188 million, costs and expenses of Php181 million
and profits of Php7 million in the 2003 comparative period. Net
loss for January to June 2004 stood at Php191 million versus a
net income of Php43 million in the first six months of 2003.

Core investments ABS-CBN Broadcasting Corporation and First
Philippine Holdings Corporation performed as well as were
expected for the period. Consolidated gross revenues of ABS-CBN
grew 10% to Php6.614 billion, while net income also hiked 10%
YoY (year-on-year) to Php560 million. However, EBITDA slipped 3%
YoY to Php2.132 billion as cash expenses overtook revenue growth
in the first half of 2004.

First Holdings booked profits of Php1.976 billion for the first
semester, 2% higher than in the previous year. The 2004 net
income includes a Php228.7 million-gain on the sale of
investments as First Holdings sold its 1.1 million preferred
shares in SIRF Technology Holdings, Inc., a San Jose,
California-based supplier of GPS semiconductor and software
solutions. Total revenues increased 14 percent to Php20.318
billion Year on Year (YoY).

On June 28, 2004, the Pasig Regional Trial Court, Branch 58
approved a rehabilitation plan for BayanTel, almost a year after
unsecured creditors led by Asian Avenue Ltd filed for court
receivership of BayanTel. The approved plan allows BayanTel to
pay US$375 million (out of principal obligations of (US$477
million) in 19 years. The remainder, along with interest and
other BayanTel obligations, will be converted to an appropriate
instrument that will not burden the business operations of
BayanTel. Any conversion of debt to equity will be limited to
40% ownership in BayanTel. The decision also includes equal
treatment of all creditors-secured and unsecured. Some
creditors, however, have given notice that it will appeal the
Court's decision.

On June 21, 2004, the Supreme Court allowed MWSS to draw on the
US$120 million performance bond of Maynilad, to cover unpaid
Concession Fees. Subsequently, and on the suggestion of NEDA and
by reason of the Supreme Court decision, MWSS has moved to
withdraw its consent from the Alternative Rehabilitation Plan
based on Amendment No. 2 to the Concession Agreement, which was
submitted to the Regional Trial Court (RTC) of Quezon City,
Branch 90 in March 2004. Although Amendment No. 2 contemplates a
limited draw of US$50 million on the Performance Bond regardless
of the outcome of the case lodged with the Supreme Court, MWSS
maintained its position to withdraw from Amendment No. 2 and
Maynilad has reserved all its rights and remedies.

Nevertheless, Maynilad and MWSS will engage in further
discussions for a period of 30 days and the RTC hearing
Maynilad's petition for corporate rehabilitation has given
Maynilad a non-extendable period of 30 days to submit a new
rehabilitation plan or an Adjusted 2003 Rehabilitation Plan. The
plan must be submitted to the rehabilitation court by September
5, 2004.

FINANCIAL CONDITION

Cash and cash equivalents increased by 44 percent as result of
net cash provided by operating, investing and financing
activities. Other current assets also increased due to various
prepaid expenses. This resulted to an increase in Total current
assets by 24%. Unaudited consolidated current liabilities
increased by 6% to P40.550 billion as of June 30, 2004. This
amount includes a P1.333 billion or 19% YoY increase in
Maynilad's unpaid Concession Fees to P8.2 billion. Accounts
payable and other current liabilities also increased by P703
million or 18% to P4.525 billion.

PART II - OTHER INFORMATION

The Company has no other information that needs to be disclosed
other than disclosures made under SEC Form 17-C.

For a copy of the Company's financial results, go to
http://bankrupt.com/misc/tcrap_benpres081704.pdf

CONTACT:

Benpres Holdings Corporation
4/F, Benpres Building
Exchange Road corner Meralco Avenue
Ortigas Center, Pasig City
Tel. No:  633-3368
Fax No:  634-3009
E-mail Address: jr_benpres@bayantel.com.ph
URL: http://www.benpres-holdings.com
Auditor: SyCip, Gorres, Velayo & Company
Transfer Agent: Securities Transfer Services, Inc.


DMCI HOLDINGS: Clarifies "ULC Investors Go After DMCI" Report
-------------------------------------------------------------
This is in reference to the news article entitled "Universal
Leisure Corp. (ULC) investors go after DMCI" published in the
August 17, 2004 issue of the Business World (Internet Edition).

The article reported that "(i)nvestors of Universal Leisure
Corp. (ULC), the leisure company ordered closed by the
Securities and Exchange Commission (SEC), are threatening to go
after the assets of DM Consunji Holdings Inc. (DMCI).

This was after SEC ordered the return of their investments in
ULC. Investors have claimed that DMCI had defrauded them of some
PhP2 billion through its sale of shares in Universal Leisure
Club Inc. and other properties developed by ULC.

In a press conference, lawyer Maricel Lopez said DMCI must be
made to return the money it took from her clients, ULC's
minority stakeholders.

DMCI, however, said that it did not have a stake in ULC, and no
longer had a significant stake in Universal Rightfield.
Currently, it has only a two percent stake in Universal
Rightfield.

DMCI Holdings, Inc. (DMC), in its letter to the Exchange dated
August 17, 2004, clarified that:

"DMCI Holdings, Inc. (DMCI-HI) which is a listed company, has no
direct dealing with the Universal Leisure Corp. (ULC), however,
its subsidiaries may have dealings with them. DMCI-HI has not
received any formal complaint or demand with regard to ULC. We
perceive that these allegations mentioned maybe similar to
previous cases filed against our wholly owned subsidiaries, D.
M. Consunji, Inc. and DMCI Project Developers, Inc. As verified,
these cases are currently pending in the courts."

For your information,
Jurisita M. Quintos
Senior Vice President - Operations Group

CONTACT:

DMCI Holdings Inc.
3/F, Dacon Building
2281 Chino Roces Ave. Ext.
Makati City 1231
Tel. No: 888-3000
Fax No: 816-7362
E-mail Address:  dmcihi@dmcinet.com
URL: http://www.dmchi.com
Auditor: SyCip, Gorres, Velayo & Company
Transfer Agent: Securities Transfer Services, Inc.


NATIONAL BANK: Clarifies "P10B in Bad Loans, Assets Sale" Report
----------------------------------------------------------------
This is in reference to the news article entitled "PNB to sell
P10B in bad loans, assets" published in the August 16, 2004
issue of the Philippine Daily Inquirer.

The article reported "The Philippine National Bank plans to sell
about P10 billion worth of bad assets within the next two
months, using the Special Purpose Vehicle (SPV) framework. The
bank, which tapped Ernst & Young to evaluate its non-performing
assets, is rushing to meet the deadline to qualify for tax
relief and other incentives under the SPV Law. `We've looked at
the assets and we're now awaiting board approval. Some P10
billion worth of assets have been identified for sale,' E&Y
senior manager Beaux Pontak said in an interview with the
Inquirer.

Philippine National Bank ("PNB"), in a letter to the Exchange
dated August 16, 2004, stated that:

1. Our line management has reviewed our NPA portfolio and has
segregated it, in coordination with Ernst and Young (EY), into
separate asset pools with different identified resolution
strategies.

2. We are currently awaiting Board approval as to the exact
composition and size of the asset pool for sale to an SPV.

3. We are not privy to any interview given by EY to the Inquirer
on this matter.

For your information,
JURISITA M. QUINTOS
Senior Vice President - Operations Group

CONTACT:

Philippine National Bank
PNB Financial Center
President Diosdado Macapagal Boulevard, Pasay City
Tel. No: 891-6040 to 70; 526-3131 to 40
Fax No: 551-5187
E-mail Address: pesayco@pnb.com.ph
URL: http://www.pnb.com.ph
Auditor: SyCip, Gorres, Velayo & Company
Transfer Agent: Allied Banking Corporation


NATIONAL POWER: Geothermal Plant Secures ISO Certification
----------------------------------------------------------
The National Power Corporation (NPC)'s Palinpinon Geothermal
Power Plant (PGPP) in Negros Oriental was awarded the much-
coveted ISO certification for Quality Management System by the
New York-based Bureau Veritas Quality International N.A. Inc.,
the Manila Times reports.

The PGPP complex consists of the 112.5 megawatt-Palinpinon 1 and
Palinpinon 2, whose four units have a combined capacity of 80
MW.

Pio J. Benavidez, Senior Vice President for Generation,
expressed confidence that the privatization of NPC will gain
steam with the twin ISO certifications for the Leyte and
Palinpinon facilities.

"The ISO seal of approval brings NPC within striking distance of
its goal to become a globally competitive, world-class power
firm, and will spur even greater investor interest in our
privatization."

The ISO certification will be valid until February 12, 2007,
subject to the continued satisfactory operation of the plant's
quality-management system.

CONTACT:

National Power Corporation
Quezon Ave., East Triangle, Diliman
Quezon City, Metro Manila, Philippines
Phone: +63-2921-3541
Fax: +63-2921-2468


NATIONAL STEEL: BIR Gunning After Assets Despite SEC Order
----------------------------------------------------------
The Philippine Bureau of Internal Revenue (BIR) said the
Securities and Exchange Commission couldn't prevent the BIR from
seizing the assets of National Steel Corporation because it
would be in violation of the tax code, Business World reports,
citing BIR Deputy Commissioner Kim J. Henares.

Section 218 of the National Internal Revenue Code states that
"No Court shall have the authority to grant an injunction to
restrain the collection of any national internal revenue tax,
free or charge imposed by this code."

It would be "unlawful" for the SEC to ask the BIR to lift its
warrant of restraint and garnishment, Ms. Henares said.

The BIR has a standing warrant of levy against goods, chattel
and effects of National Steel, including its real properties and
a warrant of garnishment which directed the Philippine National
Bank (PNB) to take PhP3.98 million from National Steel to cover
for back taxes.

The SEC issued two separate orders last Friday, prohibiting the
BIR and the Iligan City government from going after the assets
of National Steel.

The SEC said the BIR and the city government could not touch the
assets of the National Steel since it is still under
liquidation. It said the claims the tax bureau and the local
government have against National Steel must be coursed through
the commission-appointed liquidator, lawyer Danilo L.
Concepcion.


VITARICH CORP: Unveils 2Q04 Consolidated Sales Report
-----------------------------------------------------
In a disclosure to the Philippine Stock Exchange, Vitarich
Corporation announced that its second quarter-consolidated sales
reached Php1.1 billion, a 9 percent decline from Php1.2 billion
in the same period last year. As of June, total sales amounted
to P2.1 billion, a decrease of 9 percent over last year sales of
P2.2 billion. The decrease was due to the sudden drop in volume
of poultry, as a result of the company's deliberate move to
reduce its poultry business. Sales mix shifted from 61% poultry
and 39 percent feeds to 43 percent & 57 percent, respectively.

Whilst production costs remained high due to increasing cost of
feed ingredients, selling prices dropped as a result of cost
competitiveness in the market. Given the still depressed chicken
prices during the second quarter period, the company recorded an
operating loss of P6.7M, 75% better than the same period last
year. As of June, the company posted a net loss of P70.1M, a
significant improvement from the same period last year of
P351.2M loss.

Feeds volume though remained below budget as the company
experienced the effects of aggressive competition due to the
entry of more players who enticed the market with reduced prices
and better credit facilities. The company continues to review
its plans and programs to address the current situation.

Consequently, preparation in improving the products i.e.
extensive training and recruiting of sales force has been made
to enhance the feed sales performance.

On the other hand, operating expenses decreased by 41% as
compared to the same quarter last year. The decrease was due to
continuous implementation of cost saving measures such as
keeping strict control of operating expenses, contracting out of
facilities that could no longer be operated efficiently to third
parties, disposing of idle foreclosed properties and other
positive decision that can be of great assistance financially.

The approval of the company's restructuring plan resulted to
lower financial charges for the entire year. Again, this will
allow the company to re-channel its resources and strengthen its
feeds business both for farms and aquatic animals.

Philippines' Favorite Chicken, Inc. ( PFCI ), a subsidiary of
the Company and the exclusive distributor of Texas Chicken
Restaurant in the Philippines, registered a sales revenue for
the quarter of P35.0M or 15% increase as compared to the same
period last year. The increase was attributable to aggressive
marketing campaigns that resulted in a very encouraging consumer
response. This was also due to the closure of non-profitable
branches, leaving only six (6) operational stores. We closed
down these stores with the confident objective of wiping out the
subsidiary's losses by year-end and focusing on the remaining
profitable mall stores.

Gromax, Inc., another subsidiary of the Company, yielded
positive results for the second quarter as it registered total
sales revenue of P22.6M, though 33% off as against the same
period last year but remaining above the budget. Likewise,
operating expenses decreased by 22% as a result of the company's
cost cutting measures.

FINANCIAL CONDITION

Current ratio for the second quarter slightly declined from 2:1
of December 31, 2003 to 1.94:1. The decrease was basically due
to increase in trade and other payables account.

Unaudited Balance Sheet June 30, 2004 vs. Audited December 31,
2003

The Company's total assets as of June 30, 2004 stood at P4.26B,
slightly lower than 2003 level of P4.27B. The 3% increase in
current assets was mainly due to increase in inventories by 17%,
basically due to increase of raw materials inventory for its
subsequent month's requirements. Likewise, trade and other
receivables slightly increased by 1% due to lower collection
efficiency.

Second quarter cash balance declined to P41.6M from P114.4M as
of end 2003 due to payment of financing charges worth P70.1M to
our creditor banks. The reduction was also attributed to net
cash outflows used in operating activities particularly for
working capital requirements.

Prepayments and other current assets totaled P25.4 M, higher by
27% as against last year.

Trade and other payables went up by 6% due to rising cost of raw
materials and other operating expenses. The increase was also
due to the Company's decision to impose strict measures on cash
disbursement to reserve more cash for operations.

Stockholders' equity also declined to only P35.2 M basically due
to incurred losses of P30.1M for the second quarter as a result
of poor performance for poultry business and other segments.

OTHER INFORMATION:

There was no other list of disclosure not made under SEC Form
17- C.

For a copy of the company's consolidated statements of income
for the second quarter ended June 30, 2004 and 2003, go to
http://bankrupt.com/misc/tcrap_vitarich081704.pdf

CONTACT:

Vitarich Corporation
Abangan Sur, MacArthur Highway
Marilao, Bulacan
Tel. No: 843-3033; (044) 711-2829
Fax No: 843-0297; (044) 711-1519
E-mail Address: info@vitarich.com
URL: http://www.vitarich.com
Auditor: Punongbayan & Araullo
Transfer Agent: Union Bank of the Philippines


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


CHARTERED SEMICONDUCTOR: Option Sale Does Not Affect Rating
-----------------------------------------------------------
Standard & Poor's Ratings Services announced that Chartered
Semiconductor Manufacturing Ltd.'s  (Chartered; BBB-/Stable/--)
sale of an option to Goldman Sachs International to buy the
chipmaker's shares by itself will not affect the rating or
outlook on Chartered.

Under the agreement, Goldman Sachs has the option to purchase
214.8 million Chartered shares at US$0.93 a share--a premium of
about 50% to its share price on Aug. 11, 2004. Chartered is
expected to receive US$200 million if the option is exercised.
The company intends to partially repay its US$575 million
convertible notes due in April 2006 with this proceed.

The option will be exercisable from Jan. 2, 2005 and will expire
on April 2, 2006.

Although the potential exercise of the option will improve
Chartered's access to equity funding, it does not substantially
alleviate the refinancing risk arising from its large debt
maturity in 2006. In addition, Goldman Sachs' decision to
exercise the option will be subject to capital market conditions
and Chartered's future share price, which is highly influenced
by the semiconductor market cycle.

CONTACT:

Chartered Semiconductor Manufacturing Ltd
60 Woodlands Industrial Park D, Street 2
738406 Singapore
Phone: +65-6362-2838
Fax: +65-6362-2938
Website: http://www.charteredsemi.com


CHUNGSING HOLDINGS: Faces Winding Up Proceedings
------------------------------------------------
Notice is hereby given that a Petition for the Winding Up of
Chungsing Holdings Pte Ltd. Company by the High Court was on the
4th day of August 2004 presented by Ng Cheng Leong, the
Petitioner of 42 Cassia Crescent #02-204, Singapore 390042, a
Judgment Creditor.

The said petition is directed to be heard before the Court
sitting at the High Court in Singapore at 10.00 a.m. on the 27th
day of August 2004.

Any creditor or contributory of the said Company desiring 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.

The Petitioner's address is at 42 Cassia Crescent #02-204,
Singapore 390042.

The Petitioner's solicitors are Messrs Wong Yoong Phin & Co of
19 Carpenter Street #05-01, Singapore 059908.
Dated this 10th day of August 2004.

Messrs WONG YOONG PHIN & CO
Solicitors for the Petitioner.

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
solicitors, Messrs Wong Yoong Phin & Co, a notice in writing of
his intention to do so. The notice must state the name and
address of the person, or, if a firm, the name and address of
the firm, and must be signed by the person or firm, or his or
their solicitors (if any) and must be served, or if posted, must
be sent by post in sufficient time to reach the above named
solicitors not later than twelve o'clock noon on the 26th day of
August 2004 (the date before the day appointed for the hearing
of the Petition).


COMPACT METAL: Cuts H1 loss by 20%
----------------------------------
Compact Metal Industries cut its half-year net loss by 20
percent to SGD3.8 million from SGD4.7 million previously. Its
first-half turnover rose 17 per cent to SGD49.8 million from
SGD42.6 million previously.

The company attributes its improved performance mainly to its
manufacturing and project segments. It said it managed to secure
orders on hand of about SGD70 million, and is in active
discussion on the final terms of a loan restructuring proposal
with creditor banks.

To view the financial statement, please click on:
http://bankrupt.com/misc/TCRAP_COMPACTMETAL081704.pdf


DIAMOND PLASTICS: Creditors Must Prove Debts by September 11
------------------------------------------------------------
Notice is hereby given that the creditors of Diamond Plastics
Private Limited, which is being wound up voluntarily, are
required on or before the 11th of September 2004 to send in
their names and addresses and the particulars of their debts or
claims, and the names and addresses of their Solicitors (if
any), to the undersigned, the Joint Liquidators of the said
Company.

And if so, required by notice in writing from the said Joint
Liquidators, they are required by their solicitors to come in
personally and prove their said debts or claims at such time and
place as shall be specified in such notice. In default thereof,
they will be excluded from the benefit of any distribution made
before such debts are proved.

Dated this 11th day of August 2004.

Steven Tan Chee Chuan And Douglas Tan Kay Yeow
Joint Liquidators.
138 Cecil Street
#15-00 Cecil Court
Singapore 069538.


DIAMOND PLASTICS: Posts General Meeting Results
-----------------------------------------------
At a General Meeting of Diamond Plastics Private Limited, duly
convened and held at 1, 12-Ban, 1-Chome, Miyanosaka Hirakatashi,
Osaka-Fu, Japan on 10 August 2004, the following resolutions set
out below were duly passed:

AS SPECIAL RESOLUTIONS:

(a) ``That the Company be wound up voluntarily pursuant to
section 290 (1) (b) of the Companies Act, Cap. 50, and that
Messrs Steven Tan Chee Chuan and Douglas Tan Kay Yeow of 138
Cecil Street, #15-00 Cecil Court, Singapore 069538, be and are
hereby appointed as Joint Liquidators for the purpose of such
winding up.''

(b) ``That the Liquidators be and are hereby authorized (when
and as soon as the debts and liabilities of the Company have
been paid and satisfied or duly provided for) to distribute the
assets in specie or kind among the contributories of the Company
in accordance with their respective rights and interests.''

(c) ``That the Liquidators of the Company be and are hereby
authorized to exercise any of the powers given by sections 272
(1) (b), (c), (d) and (e) of the Singapore Companies Act, Cap.
50.''

AS ORDINARY RESOLUTION:

``That the Liquidators, Messrs Steven Tan Chee Chuan and Douglas
Tan Kay Yeow, be remunerated for the work of winding up of the
Company on their normal scale of fees and that the Liquidators,
be indemnified by the Company against all costs, charges,
losses, expenses and liabilities incurred or sustained by them
in the execution and discharge of their duties in relation
thereto.''

Dated this 11th day of August 2004.
YASUYUKI TSUKAMOTO
Director.


GOODMIX INVESTMENT: Court Issues Winding Up Order
-------------------------------------------------
In the matter of Goodmix Investment Pte Limited, a Winding Up
Order was made on August 6, 2004.

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

Messrs ANG & PARTNERS
Solicitors for the Petitioner.
150 Beach Road
#32-00 The Gateway West
Singapore 189720.

This Singapore Government Gazette announcement is dated August
13, 2004.


NAMLY INDUSTRADES: Winding Up Order Made
----------------------------------------
Notice is hereby given that on the 30th day of July 2004, an
order of the High Court for the Winding Up of Namly Industrades
Pte Ltd was made, and that the Official Receiver be appointed as
the Liquidator of the Company.

Address of Liquidator:
Insolvency & Public Trustee's Office
45 Maxwell Road #06-11
The URA Centre (East Wing)
Singapore 069118.

Dated this 13th day of August 2004.
Messrs ANG & LEE
Solicitors for the Petitioners.


NIPPECRAFT LIMITED: Posts Additional Information to H1 Results
--------------------------------------------------------------
Further to the announcement made on August 12, Nippecraft
Limited would like to provide additional information:

(1) A balance sheet (for the issuer group), together with a
comparative statement as at the end of the immediately preceding
financial year.

(2) Analysis of balance sheet items.

(3) Analysis of cash flow statements.

(4) Interested Person Transactions Disclosure.

To view the full document, please click on:
http://bankrupt.com/misc/TCRAP_NIPPECRAFTLIMITED081704.pdf

CONTACT:

Nippecraft Limited
9 Fan Yoong Road
Singapore 629787
Tel: (65) 6262-2662
Fax: (65) 6262-1551
For sales enquiries, email to sales@nippecraft.com.sg
For investor enquiries, email to contact@nippecraft.com.sg


ORCHARD PARADE: Orchard Parade Net Loss Falls 21.5%
---------------------------------------------------
Orchard Parade Holdings cut its net loss for the half-year by
21.5 per cent to SGD5.5 million from SGD7 million previously,
but first-half turnover slipped 0.9 per cent to SGD16.8 million.
For the three months ended June 30, it cut its net loss by 44.2
per cent to SGD2.7 million from SGD4.8 million in the last
corresponding period.

It said higher hotel occupancy and room rates are expected to
continue into the second half of the year with the recovery in
the tourism sector.

To view the financial statement, please click on:
http://bankrupt.com/misc/TCRAP_ORCHARDPARADE081704.pdf


UBIN LAGOON: Issues Notification of Winding Order
-------------------------------------------------
In the matter of Ubin Lagoon Resort Pte Limited, a Winding Up
Order was made on August 6, 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 announcement is dated August
13, 2004.


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


ASIA HOTEL: Unveils Reviewed 2Q and Consolidated FS
---------------------------------------------------
Asia Hotel PCL reported to the Stock Exchange of Thailand its
reviewed quarterly financial statements as follows:

Asia Hotel PCL
Reviewed Ending June 30 (In thousands)

                        Quarter 2               For 6 Months
Year                 2004        2003          2004        2003

Net profit (loss)  (42,188)    (53,497)      (51,808)
85,788

EPS (baht)          (1.51)      (1.91)        (1.85)       3.06

Type of report: Unable to reach any conclusion

Comment:

(1) 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."

To view full copy of the Notes to Financial Statement, click
http://bankrupt.com/misc/ASIAHOTELNOTESTOFS081604.doc

To view full copy of Auditors Report, click
http://bankrupt.com/misc/ASIAHOTELAUDITORSREPORT081604.doc

To view full copy of statement of Changes in Shareholders
equity, click
http://bankrupt.com/misc/ASIAHOTELSTATEMENTSOFCHANGES081604.xls

CONTACT:

ASIA HOTEL PUBLIC COMPANY LIMITED
296 PHAYATHAI ROAD, PHAYA THAI Bangkok
Telephone: 0-2215-0808
Fax: 0-2215-4360
Website: www.asiahotel.co.th


BANGKOK RUBBER: Releases Reviewed 2Q and Consolidated FS
--------------------------------------------------------
In a disclosure to the Stock Exchange of Thailand Bangkok Rubber
PCL and its subsidiaries reported their reviewed quarterly
financial statements as follows.

Bangkok Rubber PCL and Subsidiaries
Reviewed Ending June 30 (In thousands)

                         Quarter 2               For 6 Months
Year                 2004        2003          2004        2003

Net profit (loss)  (18,296)     227,461       5,735     343,482

EPS (baht)         (0.13)        2.23        0.04        3.44

Type of report: Unable to reach any conclusion

Comment:

(1) 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.Prasert Chulthira and Mr.Boonsong Tondulyakul)
Director
Authorized to sign on behalf of the company
B.R.C. Planner Company Limited
As the plan administrator of
Bangkok Rubber Public Company Limited

To view full copy of Interim FS, click
http://bankrupt.com/misc/BANGKOKRUBBERINTERIMFS081604.rtf

To view full copy on notes to Interim FS, click
http://bankrupt.com/misc/BANGKOKRUBBERNOTESTOINTERIMFS.rtf

To view full copy of Balance Sheet, click
http://bankrupt.com/misc/BANGKOKRUBBERBALANCESHEETS081604.xls

CONTACT:

BANGKOK RUBBER PUBLIC COMPANY LIMITED
611/40 SOI RAJ-UTIT 2, BANGKHLO, YAN NAWA Bangkok
Telephone: 0-2689-9500
Fax: 0-2291-1353
Website: www.pan-group.com


BANGKOK RUBBER: Explains 20% Decrease in Net Loss
-------------------------------------------------
Bangkok Rubber Public Company Limited had been informed to
clarify to the Stock Exchange of Thailand (SET) the result of
over 20 percent decrease in operation management for the second
quarter of year 2004, compared to the same period last year.
The company would like to explain accordingly:

(1) In 2nd Quarter 2003, The Company has a profit of THB150.2
million from Debt Restructuring.

(2) Other income decreased, the company has dividend income of
THB5.0 million in the 2nd Quarter of 2004 whereas it suffered
THB38.4 million in the same Quarter last year.

Sincerely Yours,
(MR.PRASERT CHULTHIRA) (MR.BOONSONG TONDULYAKUL)
Authorized Director
B.R.C Planner Company  Limited
As The Plan Administrator Of
Bangkok Rubber PCL


BANGKOK RUBBER: Issues Clarification of Auditors' Comment
---------------------------------------------------------
With regards to the request of the Stock Exchange of Thailand
(SET) to submit more information on the part that the auditor
did not give a comment on the Financial Statement of the Second
quarter of 2004.

There are uncertainties regarding the continuity of the business
and the implementation of the rehabilitation plan of the Company
and the scope of limitations imposed.  Therefore, we would like
to explain that:

(1) The company's consolidated financial statements for the
three-month and six-month periods ended 30 June 2004 include
investments in 3 associated companies, which under the equity
method, amounts to THB78.4 million as at 30 June 2004.  And
shares of profits of these associated companies for the three-
month and six-month periods ended amounting to THB2.5 million
and THB10.4 million, respectively.

The value of the investments in and equity in the earnings of
these associated companies are recorded based on the financial
statements prepared by the management of those associated
companies, during the time these 3 associated companies were
under audit by other auditors.

(2) The Reserve of damages, which the Customs Department filed a
petition with the Central Bankruptcy Court claiming payment of
duty liabilities totaling THB459.1 million.  The Court has
ordered that the Customs Department receives payment equal to
the amount claimed, less duty on goods, which the Company is
entitled to refund.

The company has set aside provision for contingent losses
amounting to THB31.5 million.  These imported taxes are under
the processing of Clearing for the imported materials and re-
exported goods during January 1997-March 1999, which the company
is rightful to deduct this tax amount from the Accused debt
amount.

(3) On 21 November 2002, the Company' rehabilitation plan was
approved by the Central Bankruptcy court.  The Company is in the
process of implementing this plan.

As at 30 June 2004, the Company and its subsidiaries have a
capital deficit of THB1,716.1 million because the Company has
recorded provision for guarantee obligations and allowance for
doubtful debts totaling THB2,520.9 million.  There is still
uncertainty as to the ability of the Company and its
subsidiaries to continue their businesses as going concerns and
this depends upon their ability to comply with the business
rehabilitation plan of the Company and its subsidiaries, and to
find additional sources of funding.

And on the outcome of their financial restructuring which has
raised substantial doubt about their ability to continue as
going concerns.  The company would like to explain that it is
one of the largest shoe manufacturers in Thailand.  Furthermore,
The Company is trusted by financial institutions.

Sincerely Yours,
(MR.PRASERT  CHULTHIRA)  (MR.BOONSONG  TONDULYAKUL)
Authorized Director
B.R.C. Planner Company Limited
As The Plan Administrator Of
Bangkok Rubber PCL


CENTRAL PAPER: Unveils Reviewed Half-Year Financials
----------------------------------------------------
Central Paper Industry Co. Ltd. disclosed to the Stock Exchange
of Thailand its reviewed half-year financial statements as
follows:

Central Paper Industry Co. Ltd.
Reviewed Ending June 30 (In thousands) For half year

Year                    2004                2003

Net profit (loss)       (324,645)          (2,769,039)

EPS (baht)              (5.41)             (46.15)

Type of report: Unable to reach any conclusion

Comment:

(1) 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.Parkpoom Sitthiprasert )
Position Rehabilitative Planner
Authorized to sign on behalf of the company

For more information, click
http://bankrupt.com/misc/CENTRALPAPERAUDITORSREPORT081604.doc
http://bankrupt.com/misc/CENTRALPAPERNOTESTOFS081704.xls
http://bankrupt.com/misc/CENTRALPAPERSTATEMENTOFCHANGES081704.xl
s

CONTACT:

CENTRAL PAPER INDUSTRY PUBLIC COMPANY LIMITED
40 MOO 13 SUKHAPHIBAN 6 ROAD,
PHRA PRA DAENG Samut Prakarn
Telephone: 0-2383-0257-70
Fax: 0-2383-0208-9


DATAMAT: Unveils Reviewed 2Q Financial Statements
-------------------------------------------------
Datamat PCL issued to the Stock Exchange of Thailand its
reviewed quarterly financial statements as follows.

Datamat PCL
Reviewed Ending June 30 (In thousands)

                       Quarter 2               For 6 Months
Year                2004        2003          2004        2003

Net profit (loss) (32,476)    (19,016)      (64,722)    (24,703)

EPS (baht)         (0.03)      (0.01)        (0.06)      (0.01)

Type of report: Unqualified Opinion with an emphasis of matters

Comment:

(1) 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."

(Kusol Sangkananta)
Directorand Secretary to the Board
Authorized to sign on behalf of the company

For more information, click
http://bankrupt.com/misc/DATAMATAUDITORSREPORT081704.doc
http://bankrupt.com/misc/DATAMATFS081704.xls
http://bankrupt.com/misc/DATAMATNOTESTOINTERIMFS081704.doc

CONTACT:

DATAMAT PUBLIC COMPANY LIMITED
ASOKE TOWERS, FLOOR 17, 18 AND 19,
219 SOI ASOKE (SUKHUMVIT 21),
SUKHUMVIT ROAD, KLONGTOEY NUA,
WATTHANA Bangkok
Telephone: 0-2310-5111
Fax: 0-2319-8208
Website: www.datamat.co.th


INTER FAR: Releases Reviewed 2Q Half-Year Financials
----------------------------------------------------
In a disclosure to the Stock Exchange of Thailand, Inter Far
East Engineering PCL reported its reviewed half-year financial
statements as follows.

Inter Far East Engineering PCL
Reviewed Ending June 30 (In thousands) For Half Year

Year                     2004              2003

Net profit (loss)       137,012            61,952

EPS (baht)              3.36               1.52

Type of report: Unqualified Opinion with an emphasis of matters

Comment:

(1) 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."

For more information, click
http://bankrupt.com/misc/INTERFARBALANCESHEET081604.xls
http://bankrupt.com/misc/INTERFAREASTFS081704.rtf
http://bankrupt.com/misc/INTERFARNOTESTOFS081604.rtf

CONTACT:

INTER FAR EAST ENGINEERING PUBLIC COMPANY LIMITED
29 SOI JITRANUKHROH, RAMKHAMHAENG 22 ROAD, BANG KAPI Bangkok
Telephone: 0-2318-3272
Fax: 0-2318-0574
Website: www.ifct.co.th


MANAGER MEDIA: SEC Approves Financial Statements Request
--------------------------------------------------------
With reference to Manager Media Group PCL's letter to the
Securities and Exchange Commission regarding the delayed
submission of the Second-Quarterly Financial Statement Report
2004 within 31 August 2004.

The company would like to inform the Stock Exchange of Thailand
that it will submit the Quarterly Reviewed Financial Statement
Report which is reviewed by the Auditor.

Since the company is entitled to be exempted from submitting the
Quarterly Review Financial Statement Report for the first six-
month period of the Financial Statement and if it appears
similar to the Financial Statement report, it is not necessary
to be reviewed by the auditor.

Now, the company has already received the letter from the
Securities and Exchange Commission which is informing that our
request has been accepted.

Please be informed accordingly.
Yours faithfully,
Ms. Saowaluck  Teeranujunyong
Plan Administrator

CONTACT:

MANAGER MEDIA GROUP PUBLIC COMPANY LIMITED
102/1 PHRA ATHIT ROAD, CHANASONGKHRAM, PHRA NAKHON, Bangkok
Telephone: 0-2629-4488
Fax: 0-2629-4469
Website: www.manager.co.th


MDX: Unveils Reviewed Quarter 2Q Financials
-------------------------------------------
MDX PCL reported to the Stock Exchange of Thailand its reviewed
quarterly financial statements as follows:

MDX PCL
Reviewed Ending June 30 (In thousands)
                       Quarter 2               For 6 Months
Year                2004        2003          2004        2003

Net profit (loss)   (514)     104,337      (35,442)     100,905

EPS (baht)         (0.00)        0.63        (0.10)        0.61

Type of report: Unable to reach any conclusion

Comment:

(1) 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."

(Ms. Songsri Kalyanamitr)
Authorized director of Wittayu Planner Co. Ltd.
On behalf of the Plan Administrator of MDX Public Co. Ltd.

For more information, click
http://bankrupt.com/misc/MDXAUDITORSNOTETOFS081604.rtf
http://bankrupt.com/misc/MDXBALANCESHEET081604.xls
http://bankrupt.com/misc/MDXNOTESTOFS081604.rtf

CONTACT:

M.D.X. PUBLIC COMPANY LIMITED
NAILERT TOWER, FLOOR 7, 10,2/4 WIRELESS ROAD,
LUMPINI, PATHUM WAN, Bangkok
Telephone: 0-2253-0428-36, 0-2267-9071
Fax: 0-2253-0427, 0-2253-2731


NAKORNTHAI STRIP: Unveils Reviewed 2Q, Consolidated Statements
--------------------------------------------------------------
In a disclosure to the Stock Exchange of Thailand, Nakornthai
Strip Mill PCL reported its reviewed quarterly financial
statements as follows:

NAKORNTHAI STRIP MILL PCL
Reviewed Ending June 30 (In thousands)

                         Quarter 2               For 6 Months
Year                2004        2003          2004        2003

Net profit (loss) (202,052)   1,273,299     (397,275)
1,100,408

EPS (baht)         (0.02)        1.77        (0.04)        1.53

Type of report: Unqualified Opinion with an emphasis of matters

Comment:

(1) 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.Sawasdi Horrungruang)
Director
Authorized to sign on behalf of the company

For more information, click
http://bankrupt.com/misc/NAKORNTHAIBALANCESHEET081604.xls
http://bankrupt.com/misc/NAKORNTHAIFS081604.doc
http://bankrupt.com/misc/NAKORNTHAINOTESTOFS081704.doc

CONTACT:

NAKORNTHAI STRIP MILL PUBLIC COMPANY LIMITED
U.M. TOWER, FLOOR 19,
9 RAMKHAMHAENG ROAD,
SUAN LUANG, Bangkok
Telephone: 0-2719-9800-9, 0-2719-9830-2
Fax: 0-2719-9828


NFC FERTILIZER: Unveils Reviewed 2Q Financials
----------------------------------------------
NFC Fertilizer PCL issued to the Stock Exchange of Thailand its
reviewed quarterly financial statements as follows.

NFC Fertilizer PCL
Reviewed Ending June 30 (In thousands)

                        Quarter 2               For 6 Months
Year                 2004        2003          2004        2003

Net profit (loss) (286,032)   (470,466)   (4,396,071)
(945,760)

EPS (baht)       (0.34)      (0.36)        (4.07)      (0.72)

Type of report: Unable to reach any conclusion

Comment:

(1) 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."

C.J.Morgan Company Limited
On behalf of the plan Administration
of NFC Fertilizer PCL
Authorized to sign on behalf of the company

For more information, click
http://bankrupt.com/misc/NFCAUDITORSREPORT081604.doc
http://bankrupt.com/misc/NFCNOTESTOFS081704.doc
http://bankrupt.com/misc/NFCSTATEMENTOFCHANGE081704.xls

CONTACT:

NFC FERTILIZER PCL
LAOPENGNGUAN BLDG 1, FLOOR 17-19,
333 VIBHAVADI RANGSIT ROAD,
CHATU CHAK, Bangkok
Telephone: 0-2618-8100
Fax: 0-2618-8200
Website: www.nfc.co.th


NFC FERTILIZER: Issues Additional Info on Auditors' Opinion
-----------------------------------------------------------
NFC Fertilizer PCL issued to the Stock Exchange of Thailand
(SET) a clarification in relation to the Auditor's opinion
regarding the conclusion of his review of the consolidated
financial statements and the separate financial statements of
NFC Fertilizer PCL, with concerns that on the uncertainty of the
company and its subsidiaries to continue business as a going
concern.

The Company would like to inform the SET that it has followed
the business rehabilitation procedure in all cases under the
business rehabilitation plan as.

(1) Repayment to Debtors by debt to asset in the amount of
THB188.3 million.

(2) Repayment to Debtors by cash from the deposit in the savings
account in the amount of THB78.0 million.

(3) Repayment to Debtors by debt to equity in the amount of
THB583.8 million.

(4) Repayment to Debtors by cash from the paid-up capital of the
strategic partner in the amount of THB1,588.0 million.

(5) Repayment to Debtors by debt to debenture conversion in the
amount of THB200.0 million.

The debt settlement has been completed since July 30,2004
including being forgiven by the debtors in the amount of
THB10,484.3 million.  In this regard, the Company expects that
it will be able to file application to exit from the business
rehabilitation plan within September 2004.

For the subsidiary, it has currently been under the business
rehabilitation process of the Central Bankruptcy Court.  On
30th June 2004 the Court has issued an order to accept the
business rehabilitation of the subsidiary and the court has
appointed a planner to the subsidiary already.

This is for your acknowledgement
Your respectfully,
C. J. Morgan Company Limited
On behalf of the Plan Administrator of
NFC Fertilizer Public Co., Ltd.


PREMIER ENTERPRISE: Unveils Reviewed 2Q and Consolidated FS
-----------------------------------------------------------
Premier Enterprise disclosed to the Stock Exchange of Thailand
its reviewed quarterly financial statements as follows.

Premier Enterprise Public Company Limited
Reviewed Ending June 30 (In thousands)

                         Quarter 2               For 6 Months
Year                2004        2003          2004        2003

Net profit (loss) (48,620)    (61,443)      (35,510)    (89,315)

EPS (baht)        (0.15)      (0.21)        (0.11)      (0.30)

Type of report: Unable to reach any conclusion

Comment:

(1) 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.Vichien Phongthorn,Mrs.Duangthip Eamrungroj)
Director
Premier Planner Company Limited
As the Plan Administrator
Premier Enterprise PCL

For more information, click
http://bankrupt.com/misc/PREMIERBALANCESHEET081704.xls
http://bankrupt.com/misc/PREMIERINTERIMFS081604.rtf
http://bankrupt.com/misc/PREMIERNOTESTOINTERIMFS081704.rtf

CONTACT:

PREMIER ENTERPRISE PUBLIC COMPANY LIMITED
PREMIER CORPORATED PARK BLDG,
1 SOI PREMIER, SINAKHARIN RD, NONG BON, PRAWET Bangkok
Telephone: 0-2301-1000, 0-2398-0029
Fax: 0-2398-2350, 0-2398-0701



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

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