February 20, 2008  
CENTRO NP: S&P Holds CCC+ IDR Despite Parent's Debt Extension
Standard & Poor's Ratings Services said that Centro NP LLC's 
'CCC+' issuer credit ratings remain on CreditWatch with 
developing implications, where they were initially placed on 
Jan. 3, 2008.  This follows a series of announcements made by 
Centro...
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FAITHFUL LOGISTICS: Court Enters Wind-Up Order
On January 25, 2008, the High Court of Singapore entered an 
order to have Faithful Logistics Pte Ltd's operations wound up...
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FRIENDS OF THE PHILAHARMONIA: Commences Liquidation Proceedings
Friends of the Philaharmonia of the nations, HK Limited's 
members agreed January 30, 2008 to voluntarily liquidate the 
company's business.  In line with this goal, the company has 
appointed Pui Chui Wing to facilitate the sale of its assets...
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FURUKA: S&P Upgrades Long-Term Corporate Credit Rating to 'BB+'
Standard & Poor's Ratings Services raised to 'BB+' from 'BB' its 
long-term corporate credit rating on Furukawa Electric Co. Ltd., 
and raised to 'BBB-' from 'BB+' its long-term senior unsecured 
debt rating on the company.  The upgrades are based on...
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GAJAH TUNGGAL: Aims to Boost Sales by 15% in 2008
PT Gajah Tunggal Tbk is aiming to boost its sales by 15% this 
year, supported by growing demand from foreign and domestic 
markets, Reuters reports...
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IPVG CORP: To Acquire 70% of MEGAMobile for PHP6.4 Million
IPVG Corp. yesterday said it has entered into a Stock Purchase 
Agreement with shareholders of MEGAMobile, Inc., a local mobile 
technology provider and content developer...
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KOREA EXPRESS: Posts KRW76-Billion Net Profit in 2007
Korea Express Co. posted a net profit of KRW76 billion last 
year, Asia Pulse reports...
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WAYWARD PACIFIC: Taps Parsons & Kenealy as Liquidators
On February 1, 2008, Dennis Clifford Parsons and Katherine 
Louise Kenealy were appointed liquidators of Wayward Pacific 
Ltd...
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Featured Companies and Professionals

AAR Corp
Acxiom Corp
Allens Management Australia Pty Ltd
Allied Health Industries Pty. Ltd
American Axle & Manufacturing Holdings Inc
Bank Mandiri
Bank of China
Boston Scientific Corp
Bridgecorp Holdings (Australia) Pty.
Bridgecorp Holdings Ltd
Cafe Con Leche Company Ltd.
Castle Canvas Pty. Ltd.
Central Azucarera de Tarlac
Centro NP LLC (fka New Plan Excel Realty Trust Inc)
Centro Properties Group
China Eastern Airlines Corp Ltd
Clear Channel Communications Inc
Core Healthcare Ltd
Enesco Group Inc
Enzer Electronics Pte Ltd
Faithful Logistics Pte Ltd
Focal_JM Lab Asia Ltd
Friends of the Philaharmonia of the nations, HK Ltd
Furukawa Electric Co Ltd
Gajah Tunggal PT
Goodyear Tire & Rubber Co
Hanarotelecom Inc
Hindustan Copper Ltd
Hunso Pty Ltd
IPVG Corp
Industrial Development Bank Of India Ltd
Intelsat Ltd
Interactionz Ltd.
Intergraph Best (Vic.) Pty. Ltd.
Intergraph Wholesale Pty. Ltd.
Korea Express Co Ltd, The
Krispy Kreme Doughnuts Inc
Mainline Painters 2002 Ltd
Medison Greater China Ltd
Northridge Architecture Ltd
Oltrarno Ltd.
PDVSA aka Petroleos de Venezuela SA
PT Bank Pan Indonesia Tbk
PT Garuda Indonesia
PT Kertas Kraft
Palitime Pty. Ltd
Pioneer National (fashion Outlet) Ltd
Preggi Bellies (NZ) Ltd.
Preservation and Maintenance Engineering Ltd
Prime Orion Philippines Inc
Quebecor World Inc
RPG Life Sciences Ltd
Roy Eastern Watch Pte Ltd.
Scottish Re Group
Shaw Group Inc, The
Silverworks NZ Ltd.
Sinora Industries Bhd
Spywing Pty Ltd
Sun Microsystems Inc
Swiss Chalet Lodge Motel Ltd.
Symbion Health Ltd
Syndicate Bank Ltd
Tata Power Co Ltd
Te Mane Neho Funeral Services Ltd
Termsissue Limited
Trevor Jones & Partners Pty Ltd
Urban Essentials International Pty. Ltd.
Wakefield Services Ltd.
Wayward Pacific Ltd

Professionals
Akin Gump Strauss Hauer & Feld
Arnold & Porter
Ernst & Young
Inland Revenue Department
Ogilvy Renault
PricewaterhouseCoopers

 THE TROUBLED COMPANY REPORTER - ASIA PACIFIC
 Today's Top Stories have been selected from the Troubled Company Reporter -  Asia Pacific. To receive the Full TCR-AP please CLICK HERE.