You could also approach this problem from a different angle. Instead of selecting everything from your table and running updates on every row you could just do the dirty work with SQL and let the DB handle the processing:
UPDATE STAGING.STAGING_PREPOUICS
SET column3 = 'EN'
WHERE column4 = 'ENG';
etc...
This will minimize the number of queries that you will run.
Combine this with what fletch suggested and you'll have some code that's easier on your eyes, easier to maintain, and easier on your server. :)
Note:
I have never used Sybase so I'm not sure if it supports this.
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