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The Straits Times, 12 December 2001

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Article also available on Microfilm Reel NL23301


Masthead [TITLE SECTION]

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The Straits Times Established 1845 WQi3rt6SQ3y December 12, 2001 156 Pages m seven parts mita(P) 024/12/2000 w A Singapore Press Holdings publication \J\J Cents

Fair Price to slash prices on 400 items [ARTICLE + ILLUSTRATION]

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Fair Price to slash prices on 400 items NATALIE SOH Bigger discounts on 200 items and price cuts for another 200 from January, to help workers get through the recession h SHOP FOR LESS Most shoppers told The Straits Times that they welcomed the reduced prices. Housewife Constance Sim, 28,

24 CARS, 99 ROSES AND... A marriage proposal Tor V-P [ARTICLE + ILLUSTRATION]

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24 CARS, 99 ROSES AND... A marriage proposal Tor V-P LAWRENCE CHUNG By) STRAITS TIMES TAIWAN BUREAU TAIPEI A debt collector and former convict yesterday tried to lead a 24-sedan motorcade to Taiwanese VicePresident Annette Lu's office to propose to her. But his dramatic attempt at courtship came to a

IN DANGER: CLUB THAT PRODUCED THESE STARS [ARTICLE + ILLUSTRATION]

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IN DANGER: CLUB THAT PRODUCED THESE STARS The PA Youth Swimming Clue may be the poor man's club, but it's given Singapore several swimming stars. Now it's fast ruafiif out of money, struggling jj to stay SPWTS:SI t Design: CHRISTIAN INTON

Fed funds rate cut to 40-year low [ARTICLE]

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Fed funds rate cut to 40-year low hj WASHINGTON The Federal Reserve cut US interest rates by a quarter percentage point today, extending one of the most aggressive rate-cutting campaigns m its history as it tries to lift the economy out of recession. The widely expected Fed action lowered the

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EX-LAWYER JAILED: 24 months for cheating bank and finance company over $4m loans page 5 M "'^^JHHpMp Get the longer-term benefits of PruLink Investments AND 4% guaranteed returns* on your savings over 12 months! ■■UKAflJßuijl^H f Invest a one-off lump sum m PruLink Account Plus", life insurance policy are not

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8 XXXXX1 XXXXX7 The Straits Times interactive: http ://straitst imes .asial com sq is available from 6 am.

NEWS FLASH

HOME [ARTICLE]

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HOME GUN CLUB MAY HAVE EXTRA DUTIES BUSINESSMAN David Lim expects to be putting m even more extra hours, if the Ministry of the Environment intensifies its war against crows and tries to reduce their number to 10.000, a tenth of what it is now. As the Singapore Gun Club's

COMMENTARY [ARTICLE]

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COMMENTARY CHINA'S WTO ENTRY RAISES FEARS CHINA'S entry into the World Trade Organisation has given rise to fear and uncertainty, especially among developing countries m Asia, which are concerned about their export markets and foreign direct investment. Other countries m other parts of the world are also feeling jittery. Among

FORUM [ARTICLE]

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FORUM SUSPEND GST ON BASKS STRAITS Times reader Lim Siang Hwa suggests the Government suspend the goods and services tax on foods that are basic necessities, like rice, and train and bus fares. He figures that doing so could lead to public transport companies lowering fares, and would not have

LIFE! [ARTICLE]

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LIFE! MY, THAT'S A SMART LIBRARY THE new National Library will take into account the sun, wind and greenery here. It will have deep sun-shades on the outside, shaded terraces that are three storeys high inside and a void deck on the ground floor inspired by those at Housing Board

HOME [ARTICLE + ILLUSTRATION]

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HOME China, hot target for educators THE former managing director for Dell Computer's South Asia office, Mr Andrew Chua, 50, has sunk S6 million into setting up a business school, offering several diploma courses. Called the East Asia School of Business, it hopes to get students from the region and

WORLD [ARTICLE]

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WORLD Top women execs sent to boot camp TOP women executives m the United States are being sent toDoot camp, so they can learn how to behave more like women than men. At the camp, women are told that if they hesitate more, learn to cry m public, and use

PRIM [ARTICLE]

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PRIM 'Choo can, you can too' MALAYSIAN businessmen are being asked to follow m shoe designer Jimmy Choo's footsteps, by turning their industries into world-class, niche ones. Their alternative is to carry on producing cheap items and be out-priced by those from China, said International Trade and Industry Minister Rafidah

MONEY [ARTICLE]

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MONEY SINGAPORE POWER IN $350 M DEAL IN THE next few weeks, Singapore Power hopes to complete its second-biggest overseas investment acquiring two power plants m South Korea for 244 billion won (5350 million). Returns are almost certain as the plants have guaranteed contracts. The deal is a two-pronged one

ASIA [ARTICLE]

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ASIA SMI OF NEW YEAR GOODIES RISE THE many Japanese who have put off travelling over Jan 1 are spending their money at home on the pricey traditional delicacies that are eaten m the first few days of the new year. Tokyo stores have reported rises of as much as

SPORTS [ARTICLE]

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SPORTS CHANGE FOR GOLD AT ASIAN GAMES FORMER world bowling champion Tom Hahl may apply for Singapore citizenship. If the permanent resident does so and gets it, the country's chances of getting its first gold medal at the Asian Games will increase. The Singapore Tenpin Bowling Congress says he qualifies

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MAIN Prime 3-5 World 6-17 Editorial 18 Commentary 18,19 Forum 20,21 HOME Home Hl-H9 Tech Science Hlo,Hll ASIA Asia Al East Asia A2-A5 S-EAsia A6-A8 Malaysia... A9-A ll Weather Al2 SPORTS/ MONEY Sports Sl-S5 Money S7-Sl2 LIFE! What's On L 2 Comics L 6 Movies L 7 Cinema L 8

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pPT] University of *afc« i atrorfiintvfrstty EJI SOUTH AUSTRALIA *ffi* LA 1 KUBh UNlVhKbl 1 V "One of Australia's Best Universities" 32sJ« PC TT Business nrlln (Wed. 26 Dec 2001) XX W JLf ttijll 1 Vksks Dbng n P orpp« Bachelor of Engineering (Hons) m \J vJll VViJ IP Mechanical

PRIME NEWS

Pele ball being auctioned for charity [ARTICLE + ILLUSTRATION]

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Pele ball being auctioned for charity AN AUCTION for a football signed by soccer legend Pele will help needy schoolchildren. Bids start at $500 and the auction ends on Friday. Mr Wilfred Yeo, The Straits Times' Assistant to Editor (Sports), won the item at a press conference attended by the

Israel destroys Arafat's elite base [ARTICLE]

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Israel destroys Arafat's elite base iel Sharon, who pledged this week to step up military activities to force Mr Arafat to crack down on extremists, welcomed the EU's position after meeting Mr Solana. He also said he was "interested" m easing restrictions on the Palestinian population m general, a demand

Afghan fighters overrun Al-Qaeda caves [ARTICLE]

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Afghan fighters overrun Al-Qaeda caves TORA BORA Afghan tribal fighters, backed by devastating United States" air strikes and night raids by American special forces, overran AlQaeda's Tora Bora cave hideouts yesterday. They also set a deadline for the surrender of remaining members of Osama bin Laden's terrorist network. After making

NUS students heading for Silicon Valley [ARTICLE + ILLUSTRATION]

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NUS students heading for Silicon Valley SANDRA DAVIE The pioneering students will work as interns and attend courses as first of five overseas colleges is set up by NUS NEXT month, 20 National University of Singapore (NUS) students will begin a year m Silicon Valley as interns with technology companies

Four months' jail for bully who hit driver with iron rod [ARTICLE]

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Four months' jail for bully who hit driver with iron rod A STARING incident between two motorists led one to assault the other with an iron rod, a district court heard yesterday. Daniel Tan Kheen Fatt, 51, then an operations manager, pleaded guilty to assaulting Mr Tan Khim Chiew, 26,

Jimmy Choo's China lesson [ARTICLE + ILLUSTRATION]

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Jimmy Choo's China lesson RE ME AHMAD Shoemaker to the stars shows how to be world class and beat the China challenge, Rafidah tells Malaysian businessmen By HE MUST TAKE THE EXAMPLE OF A MALAYSIAN WHO MD THIS, JIMMY CHOO. I F IT IS NOT OF A CERTAIN QUALITY AND

Ex-lawyer jailed 24 months [ARTICLE + ILLUSTRATION]

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Ex-lawyer jailed 24 months ELENA CHONG COI'RTCORRFSPONDFNT A FORMER crime buster-turned-lawyer was sentenced yesterday to a total of 24 months m jail for cheating a bank and a finance company out of more than $4 million through housing loans. Billy Ng Chee Sing, 39, did not reveal to them that

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[See also Pages 13-18 r/m/HOME:HB;

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IkSlw pW. XXXXX8551 UK Universities Seminar i#»**. Wed, 12 Dec 2001 7pm Informatics Tanjong Pagar Centre ilUair Rebate M Christmas Get the Best from UK Universities Draw •S University of Wales Kk <» WALES J IL fly University of Portsmouth <J Wf I/to Introducing new programme M^ J tMiiw' BSc

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WORLD

Taming the corporate shrew [ARTICLE + ILLUSTRATION]

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Taming the corporate shrew LOUISE BRANSON gfj A Silicon Valley programme helps women executives to reach the very top of their firms by softening their 'male traits' By STRAITS TIMES UNITED STATES BUREAU MOUNTAIN VIEW (California) Bully Broad Boot Camp? Yes, you saw right. Welcome to a programme m Silicon

corn EQ is as important as IQ [ARTICLE]

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corn EQ is as important as IQ THE bully-broad programme may sound like an outrage to feminism, backing down on gains which have allowed some women to claw their way to the top of American corporations though they still make up only 12 per cent of top executives. In fact,

Military coffin scandal haunts Delhi [ARTICLE]

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Military coffin scandal haunts Delhi The military paid an exorbitant sum for 500 coffins from the US for its soldiers, say auditors NEW DELHI Corruption m Indian defence circles returned to the spotlight yesterday with Parliament m an uproar over reports that the government bought 500 coffins at exorbitant prices

Crackdown on mobs who lynch suspects [ARTICLE]

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Crackdown on mobs who lynch suspects DHAKA Bangladeshi police have received orders to prevent the lynching of suspected criminals after 36 people were killed by mobs m recent weeks, a newspaper said yesterday. The country's police chief Mudabbir Hossain Chowdhury has asked officers to ensure such incidents are not repeated

No strong perfume please in this NZ restaurant [ARTICLE + ILLUSTRATION]

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No strong perfume please in this NZ restaurant WELLINGTON Perfume smells trouble at a top restaurant here. A woman celebrating her 48th birthday had not even opened the menu at the exclusive Two Rooms restaurant when she was offered a napkin and asked to go to the bathroom and wipe

Ethnic groups blast call to embrace 'British way of life' [ARTICLE]

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Ethnic groups blast call to embrace 'British way of life' ALFRED LEE But Blair defends Home Secretary Blunkett for sparking debate on national identity to build cohesion Hu STRAITS TIMES EUROPE BUREAU LONDON Britain's migrants should learn English and adapt more to the British way of life, Home Secretary David

SPEAK ENGLISH: 'Unrealistic [ARTICLE]

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SPEAK ENGLISH: 'Unrealistic LONDON Teaching immigrants to speak English is hugely expensive and may have little effect, Australia's Immigration Minister Philip Ruddock has cautioned. He said Australia encouraged immigrants to learn the language but discovered that some simply could not, the BBC reported yesterday. He did not comment on British

PEOPLE

Thai princess wants to play villain [ARTICLE]

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Thai princess wants to play villain IT'S LIBERATING, SHE SAYS BANGKOK T Behind the high walls of her palace she is a princess living a regal life, but on stage she wants to play the villain, a role Thai Princess Siribha Chutabhorn describes as being emotionally liberating and which fits

SUITE EDITOR HAS PARKINSON'S [ARTICLE]

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SUITE EDITOR HAS PARKINSON'S NEW YORK Journalist Michael Kinsley, editor of the online magazine Slate and former editor of The New Republic magazine, says he has had Parkinson's disease for eight years but did not go public with it because he was m denial. "Denial means letting the disease affect

GERMAN IS NEW EUROCORPS CHIEF [ARTICLE + ILLUSTRATION]

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GERMAN IS NEW EUROCORPS CHIEF the Nato headquarters m Brussels. AFP STRASBOURG Europe's fledgling joint army, Eurocorps, received its new commander on Monday: a German general who said he will get the 55,000-strong force battle-ready by the end of next year. "I have no doubt we will meet the objectives

Untitled [ARTICLE]

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Kurt Masur, the music director of the New York Philharmonic, was recovering well after undergoing a kidney transplant m Germany, trie hospital said on Monday. Leading Indonesian film director and playwright Teguh Karya died of a stroke yesterday at the age of 64, hospital staff said.

Untitled [ARTICLE]

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Quoteworthy 'Actress Nandita Das, who plays me, walks off with all tlie awards while the real Bhanwari Dcvi gets to keep all the death threats and taunts. Bhanwari Dcvi, an Indian social activist who was gang-raped m her village for trying to stop a child marriage, on Bawandar, a new

PIONEERING FEMALE PIANIST DIES [ARTICLE]

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PIONEERING FEMALE PIANIST DIES TOKYO Pioneering Japanese female pianist Chieko Hara, who came to be known abroad as the "miracle of the Orient" for her passionate performances, has died of old age, her family said on Monday. She was 86. Born m Kobe, Hara, the first Japanese female pianist to

Discount may cost German leader his job [ARTICLE]

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Discount may cost German leader his job The influential leader of the German state of Saxony may be toppled after his wife demanded a price cut on furniture, the latest m a series of 'arrogant' actions BERLIN One of Germany's most influential Christian Democratic politicians may soon be toppled as

World ill-equipped to handle ageing population [ARTICLE]

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World ill-equipped to handle ageing population Developing nations m particular will find it hard to tackle the fast-growing problem of ageing, says the United Nations UNITED NATIONS Most countries are ill-prepared to face the rapidly growing problem of ageing, and developing states m particular lack the resources to tackle it,

Diamond firm demands $16m for libel [ARTICLE]

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Diamond firm demands $16m for libel BBC'S ERRONEOUS REPORT LONDON Senior BBC executives are fighting over who is to blame for a blunder that could result m the corporation's big-gest-eve r libel payout. Lawyers for an African diamond firm have served a writ on the BBC and its reporter David

WORLD FILE

NAURU TO ACCEPT MORE BOAT PEOPLE [ARTICLE]

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NAURU TO ACCEPT MORE BOAT PEOPLE IN EXCHANGE for increased aid, the Pacific island of Nauru agreed yesterday to increase the number of asylum seekers held on behalf of Australia, Foreign Minister Alexander Downer said. The number of asylum seekers held m a detention camp built by Canberra would go

NEW PAKISTAN SATELLITE IN SPACE [ARTICLE]

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NEW PAKISTAN SATELLITE IN SPACE PAKISTAN'S second satellite Badar-II was successfully launched into earth orbit on Monday from the Baikunor launch facility m Russia. Pakistan's Space and Upper Atmosphere Research Commission said a high-level delegation from Pakistan was present m Russia to witness the launch. AP

L.A. BUSES USED TO FERRY ILLEGALS [ARTICLE]

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L.A. BUSES USED TO FERRY ILLEGALS THE federal authorities charged a Los Angeles bus company operating m the south-western US with illegally transporting tens of thousands of undocumented immigrants smuggled across the US-Mexico border, Attorney General John Ashcroft said. Between 50 and 300 migrants were shuttled from city to city

MOTHER INNOCENT IN BABY'S DEATH [ARTICLE]

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MOTHER INNOCENT IN BABY'S DEATH A MOTHER from lowa who testified she was distracted and running late for work when she left her seven-month-old daughter m her minivan was found innocent on Monday m the baby's death. Ms Kari Engholm was found innocent of involuntary manslaughter and neglect of a

ITALY IN TALKS ON WARRANT ISSUE [ARTICLE]

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ITALY IN TALKS ON WARRANT ISSUE ITALrs Prime Minister Silvio Berlusconi met key ministers late on Monday to discuss a compromise m his country's standoff with its 14 European partners over a panEuropean arrest warrant. The meeting came ahead of a predicted showdown yesterday with his Belgian counterpart Guy Verhofstadt,

Two new pills offer fresh hope for breast-cancer patients [ARTICLE]

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Two new pills offer fresh hope for breast-cancer patients ALFRED LEE British doctors are excited about the effectiveness and ease of use of the two drugs anastrozole and letrozole STRAITS TIMES EUROPE BUREAU LONDON Doctors are hailing two new breast-cancer drugs found to be more effective than tamoxifen, the world's

225-kg man unfit to care for foster sons, rules court [ARTICLE + ILLUSTRATION]

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225-kg man unfit to care for foster sons, rules court BUFFALO (New York) A 225-kg man was forced to say good-bye to three boys he had raised for six years after a court ruled that he was too fat to care for them. Mr Brian Jones, 38, said his inexplicable

HEALTH & MEDICAL NOTES

MORNING DIALYSIS PATIENTS LIVE LONGER [ARTICLE]

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MORNING DIALYSIS PATIENTS LIVE LONGER KIDNEY-FAILURE patients who undergo dialysis m the morning live more than a year longer than patients who undergo treatment m the afternoon, initial research suggests. But some kidney specialists say the study is flawed. The study, m the latest Journal of the American Medical Association,

FREQUENT MEALS MAY REDUCE CHOLESTEROL [ARTICLE]

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FREQUENT MEALS MAY REDUCE CHOLESTEROL EATING more often can reduce cholesterol levels, researchers have found. They suggest it might be more healthy to split up meals into smaller amounts and to eat more frequently. Researchers at the Institute of Public Health at Cambridge University quizzed more than 14,000 people aged

COFFEE CAN THROW OFF MRI BRAIN SCANS [ARTICLE]

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COFFEE CAN THROW OFF MRI BRAIN SCANS THE sophisticated brainscanning devices known as functional MRIs can sometimes be thrown off by a few cups of coffee, a new study reports. The study was done at the Wake Forest School of Medicine by Dr Aaron Field and his colleagues. Aware that

ALCOHOL AND ENEMY DRINKS A RISKY HOC [ARTICLE]

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ALCOHOL AND ENEMY DRINKS A RISKY HOC THE newest rage among college students and teens is mixing energy drinks with alcohol, a potentially dangerous comDination, reports Alternative Health News online. Mixing stimulants m some energy drinks with depressants m alcohol could could cause cardiopulmonary or cardiovascular failure, said Mr David

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COUNTERSTRIKE AGAINST TERRORISM

Special group of elite US soldiers play... Mind games [ARTICLE + ILLUSTRATION]

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Special group of elite US soldiers play... Mind games The US Army's Intellectual warriors' work at demoralising the enemy and promoting defections to bring about an early end to the war FORT BRAGG (North Carolina) Armed with radio transmitters, loud speakers and music, from classical to heavy metal, a group

US forces to fan out to other world spots [ARTICLE + ILLUSTRATION]

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US forces to fan out to other world spots With the war m Afghanistan winding down, the US plans to shift special operations forces to countries with Al-Qaeda bases, such as Somalia WASHINGTON The Bush administration has begun plans for military actions m the global war on terrorism that include

Tape shows Osama had estimated Sept 11 toll [ARTICLE + ILLUSTRATION]

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Tape shows Osama had estimated Sept 1 1 toll Royal limo awaits ex-king's return NEARLY 30 years have passed since former King Mohammed Zahir Shan was forced to flee Afghanistan, but his Cadillac Fleetwood is still parked m a garage at the royal palace m Kabul, guarded by Northern Alliance

TALEBAN PRISONERS DIE OF SUFFOCATION [ARTICLE]

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TALEBAN PRISONERS DIE OF SUFFOCATION DOZENS of Taleban prisoners have died after surrendering to Northern Alliance forces, asphyxiated m the shipping containers used to transport them to prison, witnesses said. The deaths occurred as the prisoners, many of them foreign fighters for the Taleban, were brought from the town of

AFGHAN FOREIGN MINISTER VISITS INDIA [ARTICLE]

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AFGHAN FOREIGN MINISTER VISITS INDIA THE new Afghan regime is sending Foreign Minister Abdullah Abdullah to New Delhi for discussions with Indian leaders for a two-day visit from today. The Press Trust of India said Mr Abdullah's visit, coming close on the heels of the visit by Interior Minister Yunos

CHINA WANTS ITS NATIONALS REPATRIATED [ARTICLE]

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CHINA WANTS ITS NATIONALS REPATRIATED CHINA said yesterday that any of its nationals captured m Afghanistan fighting for pro-Taleban forces should be repatriated to face Chinese justice. "Once they are determined to be Chinese citizens, of course the relevant side should hand them over to the Chinese side so as

USS KITTY HAWK LEAVES ARABIAN SEA [ARTICLE]

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USS KITTY HAWK LEAVES ARABIAN SEA AIRCRAFT carrier USS Kitty Hawk is leaving the Arabian Sea after serving as a platform for US special forces helicopters and troops during the Afghan campaign, a defence official said on Monday. Several hundred US Army Range s who had been deployed aboard the

Afghan elites in the West want to return [ARTICLE]

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Afghan elites in the West want to return Some of those who have prospered abroad are willing to give up what they have to rebuild their country PROVIDENCE (Rhode Island) Some wealthy and well-educated Afghans who have lived outside their country for years say they are prepared to abandon their

NGOs begin talks on reconstruction plans [ARTICLE]

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NGOs begin talks on reconstruction plans TOKYO Non-governmental organisations (NGOs) from Japan and Afghanistan as well as international groups began three days of talks here yesterday to discuss measures to support Afghan reconstruction, organisers said. According to initial estimates, more than US$lO billion (SslB billion) will be needed over 10

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COMMENTARY • ANALYSIS

The Straits Times

Duel in Colombo [ARTICLE]

Page 18

Duel in Colombo SRI Lanka's parliamentary election outcome last week showed clearly what the people consider important to the national agenda. Foremost is preparing a process under which the government and the Liberation Tigers of Tamil Eelam (LTTE) can begin talks about ending the civil war. This has gone on

Chinese hunger for more than a taste at democracy [ARTICLE + ILLUSTRATION]

Page 18

Chinese hunger for more than a taste at democracy LI FAN Oil BEIJING Critical assessments of grassroots democracy m rural China are hard to make: Have the reforms undertaken created a genuine democracy that represents a significant step towards participatory government? If so, can they be implemented beyond the village

When America banged the table [ARTICLE]

Page 18

When America banged the table DAVID M. MAL ONE fi!L NEW YORK Out of the rubble of the World Trade Center, the Pentagon and Kandahar, a new world diplomatic order arises, led by the United States. With the defeat of the Taleban m Afghanistan, it is possible now to draw

Enter the dragon [ARTICLE + ILLUSTRATION]

Page 19

Enter the dragon GUYDE JONQUIERES H FINANCIAL TIMKS OPTIMISM ABOUT THE ECONOMIC BENEFITS OF CHINA'S WTO MEMBERSHIP MAY BE PREMATURE. REALISING THEM WILL REQUIRE WRENCHING STRUCTURAL CHANGE... THE SHOCKS COULD STRAIN INTERNATIONAL TRADE RELATIONS FOR YEARS TO COME. Chinas lon? march to inte oration CHINA'S entry into the World Trade

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Page 18

How to reach us After office hours, please call operators at 737-0011 NEWSOCSK TEL 730-5397 FAX. 732-0131 FOWICH DESK TEL 730-5745 FAX: 733-4120 PtCTUK DESK TEL 730-5328 FAX: 733-8295 EAST ASIA UHIT TEL: 730-5622 FAX: 733-4120 FOW* DCSK TEL 730-5454 FAX: 733-2690 MOKEY DESK TEL 730-5471 FAX: 733-4517 SWTTS DESK

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Page 18

B^^j _H I Laf W^aa_aa_ta~* > I S _B Have dOMbu? We don t blame you. Other centres may have ir _L__lL aHe< you before but we stand ■p _l _Ffl_A by our word you have K~ j| unwanted hair that keeps coming jf J *'l|^^ r- back, dont lose

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Page 19

CAi the first day of Christmas y* J i ml J Eki J J ii j*!f i> ±g= my true love sent to me, l|» m tfi »p T y T flT*mi imT I I mi II 111 if I I a Canon fax machine, M m a Takashimaya voucher

FORUM

Suspend GST on necessities and transport [LETTER]

Page 20

Suspend GST on necessities and transport "W" -W- -JT ITHthe I increase m certificate of \f entitlement V T prices, the Government may wish to consider the temporary zero-rating of certain goods and services. Zero-rating means the goods and services tax (GST) is charged at zero per cent. This effectively

People with maids are employers, not gods [LETTER]

Page 20

People with maids are employers, not gods I REFER to the letter, "Review maid levy to lower abuse" (ST, Dec 11), by Mr Tay Lin Siau. Maids are human beings and Singaporeans have to learn that paying maids does not give them a god-like authority. Maid abuse is a symptom

Leave price adjustm ents to market forces [LETTER]

Page 20

Leave price adjustm ents to market forces I REFER to the reply from the Consumers Association of Singapore ("Case has a duty to protect consumers"; ST, Dec 10) regarding McDonald's price hikes. While I agree that the association should be concerned with the "big picture" of protecting consumers, it may

Case monitoring banking industry [LETTER]

Page 20

Case monitoring banking industry I REFER to the letter, "Customers suffer with changes" (ST, Dec 11). We would like to assure the public that we have been watching the banking industry closely and will come out strongly if we see a deterioration m consumer rights and service standards. As a

IMF proposal on COE has merits [LETTER]

Page 21

IMF proposal on COE has merits I REFER to the article, "Study proposes 'fairer' COE bidding system" (ST, Dec 11). I read about the study and proposal from the International Monetary Fund (IMF) m September and I was elated that a highly regarded international agency had said what most Singaporeans

Ml expects staff to provide service with heart [LETTER]

Page 21

Ml expects staff to provide service with heart 1 REFER to Mr Tan Chung Yee's letter, "Mi's service staff can be more sensitive" (ST, Dec 7). We fully agree that problems raised by customers should always be dealt with sensitively and, when appropriate, m a flexible manner. Ml expects its

Mobile-phone contracts: The real cost [LETTER]

Page 21

Mobile-phone contracts: The real cost 1 WRITE m response to the letter, "Cell-phone service shouldn't stop after contract is signed", by Mr Dave Law (ST, Dec 8). The frustration he feels is shared by many consumers m Singapore who have signed mobile-phone contracts because of promotions, without fully understanding what

Issues with MaxTV... [LETTER]

Page 21

Issues with MaxTV... I REFER to the letter, "SCV broadband service problematic" (ST, Dec 11), by Mr Lee BengTeck. Singapore Cable Vision's MaxTV service is not up to par either. There have been numerous breaks m transmission on various channels, and no apologies or explanations have been provided. Subscribers also

... and Max Online [LETTER]

Page 21

and Max Online I HAVE been an SCV Max Online subscriber since the service started, but I have noticed that the connection keeps getting slower and slower. Using some bandwidth testers from the Internet, I have found that, during peak periods, my bandwidth can drop as low as 200-300 kbps.

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Page 20

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Page 21

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The Straits Times home

Masthead [TITLE SECTION]

Page 1

The Straits Times home Wednesday, December 12, 2001

Untitled [ARTICLE]

Page 1

BAMON6 ON A BRAND NAME 'Mention that you are from Singapore and that's half the battle won. Mr Andrew Chua, who set up the East Asia School of Business, which runs business, IT, finance, travel and tourism and hospitality management diploma courses for students m the region

Shooter with something to crow about [ARTICLE]

Page 1

Shooter with something to crow about GOH CHIN LIAN For six years, gun enthusiast David Lim has braved angry residents to help m the effort to control the crow population Bu VOLUNTEER crow shooter David Lim is likely to be busier m the years ahead if he is called upon

How you can help [ARTICLE + ILLUSTRATION]

Page 1

How you can help AVOID littering or feeding stray animals and birds. Food left on the ground will attract crows. Dispose of rubbish properly, m litter bins. At home, put refuse into plastic bags and dispose of it m covered bins. Call the ENV helpline on 1800-731-9222 if you spot

Potential in exporting Singapore education [ARTICLE + ILLUSTRATION]

Page 2

Potential in exporting Singapore education SANDRA DAVIE Remaking Singapore By Education services have been identified by government leaders as one new area that Singapore can develop as it seeks to remake itself and create new growth areas for the economy. Some institutions are already taking the lead. Our education correspondent

NO STONES UNTURNED [ARTICLE]

Page 2

NO STONES UNTURNED REMAKING Singapore is a new series of articles to contribute to the new effort to relook policies. No stone will be left unturned m the effort to review policies and find new niches For Singapore m the next phase of growth, government leaders have said. Got an

Vitamins can stop sight loss in the old [ARTICLE]

Page 4

Vitamins can stop sight loss in the old MARGARET PERRY Taking pills that have certain antioxidant vitamins with zinc can prevent an age-related eye disease from getting worse, shows US study DISORDER: Dry and wet conditions THE disease has two forms: The "dry" type, where small yellow deposits collect m

Molest tutor surrendered to police [ARTICLE]

Page 5

Molest tutor surrendered to police ARLINA ARSHAD Hu conscience-stricken by what he'd done and decided to confess." He said that Astill had a "sexual addiction" but did not wish to elaborate. "He reported the matter to the police Decause he wanted to wake up and break away from this habit,"

Ex-driver pawned loot from Suharto's relative [ARTICLE + ILLUSTRATION]

Page 5

Ex-driver pawned loot from Suharto's relative He admits talcing four watches to a pawnshop and says he used the rest of the haul for gambling debts THE man who used to be the chauffeur and housekeeper of former Indonesian President Suharto's daughter-in-law said yesterday that he pawned four of the

$1,300 stolen from parked car [ARTICLE]

Page 5

$1,300 stolen from parked car IN JUST four hours on Monday, thieves broke into two cars parked m a multi-storey carpark m Upper Cross Street. They stole a briefcase from each car. One bag held $1,300; and the other, eight cheque books. Both the cars, which were parked close to

Pay freeze: S'pore, Malaysia hit hardest [ARTICLE]

Page 7

Pay freeze: S'pore, Malaysia hit hardest 10 per cent of 71 firms polled here froze workers' wages this year; it is 11 per cent m Malaysia and just 4 per cent m China WORKERS m Singapore and Malaysia were hit hardest by pay freeze this year, as compared to their

No dinner and dance, just lunch [ARTICLE + ILLUSTRATION]

Page 7

No dinner and dance, just lunch While there have been mass retrenchments across recession-hit Singapore, some companies are onlyjust beginning to feel the pinch, tor others, the cash is still flowing. KAREN ROM reports PRODUCTION workers at Pentex-Schweizer Electronics have always had to work through Christmas and New Year's Day.

Ikea is still recruiting [ARTICLE]

Page 7

Ikea is still recruiting SALES have dipped and bonuses have dropped, but home-furnishing store Ikea is still handing out monthly bonuses to its staff. "Compared with two years ago, we don't have so many apples. But we're still giving out apples," said Ikea s general manager Philip Wee. The only

CDC throws 'party' for job-seekers [ARTICLE]

Page 8

CDC throws 'party' for job-seekers G. SIVAKKUMARAN Hosted by the Southeast CDC and a family service centre, event offered dinner and free childcare on top of jobs *L and the amount of travelling required too much, he said, echoing complaints that have been heard over and over again from employers

Sept 11 marked, 3 months after [ARTICLE + ILLUSTRATION]

Page 8

Sept 11 marked, 3 months after THREE months after the terrorist attacks on Sept 11, Americans here and elsewhere held solemn ceremonies yesterday to mark the day. At exactly 946 pm, the Singapore American School choir sang the US national anthem m the grounds of the United States Embassy m

3-nation military exercise begins in S'ore [ARTICLE]

Page 8

3-nation military exercise begins in S'ore MORE than 70 aircraft from Singapore, Thailand and the United States are taking part m an annual military exercise which began yesterday. Exercise Cope Tiger 2002 is the eighth such exercise to be held since 1994. Today and tomorrow, 45 participants will be involved

Why the PAP could benefit from Dilbert [ARTICLE + ILLUSTRATION]

Page 9

Why the PAP could benefit from Dilbert WITH C HI LEE HOONC While satire and laughter help to sharpen the mind, they also act as a spur to policy-makers to improve I WAS m Kuala Lumpur over the weekend and what did I come across? A stage play that included

TECH & SCIENCE

$2.5m in EDB funding for 10 start-ups [ARTICLE]

Page 10

$2.5m in EDB funding for 10 start-ups OO GIN LEE Between $75,000 and $300,000 will be given to each of these companies nine of them are m the inf ocomm industry '±L TEN start-up companies will be given government funding of between $75,000 ana $300,000 each to help them kick-start

Scoring a hit in Japan [ARTICLE + ILLUSTRATION]

Page 10

Scoring a hit in Japan THIS local company skipped Singapore and went straight to Japan. Now its special computer plug-in cards, that enable computer buffs to record television programmes onto the hard-disk drives of computers, are selling like hot cakes there. Mr Koh Hee Chang, chief executive officer of VidzMedia,

Anti-virus firms say 'no' to FBI loophole [ARTICLE + ILLUSTRATION]

Page 11

Anti-virus firms say 'no' to FBI loophole Vendors say it would erode the public's confidence m them if they facilitated the entry of a Trojan horse to capture all keystrokes SAN FRANCISCO Anti-virus software vendors said on Monday that they do not want to create a loophole m their security

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POLITICI PAP Needs Dilbert Chua Lee Hoong asks why there has been no play making fun of the ruling party. pace ho 1 m Hard Times Workers Here Hit Hard Survey of nine countries shows one m 10 firms here froze wages this year, page H7 Remaking Spore Schools Go

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The Straits Times asia

Masthead [TITLE SECTION]

Page 1

The Straits Times asia Wednesday, December 12, 2001

Untitled [ARTICLE]

Page 1

ECONOMIC TIDE WAITS FOR NO MAN 'The Japanese economy will not wait for you. Japanese opposition leader Vukio llatovaina, urging Prime Minister Junichiro Koizumi to take the lead m spurring an economic recovery

SNIPERS [ARTICLE + ILLUSTRATION]

Page 1

SNIPERS MARIANNE KEARNEY Millions of Indonesians will be travelling during the festive season, and they are prime targets for hijackers and highway robbers Bu STRAITS TIMES INDONESIA BUREAU to protect hondaymakers m Indonesia JAKARTA Indonesian police have deployed hundreds of snipers m hijack-prone parts of Indonesia to protect private cars

EAST ASIA

Shanghai sinking rapidly under weight of city's skyscrapers [ARTICLE]

Page 2

Shanghai sinking rapidly under weight of city's skyscrapers SHANGHAI The city is sinking into the sea under the weight of its rapidly erected skyscrapers at a rate which has alarmed Shanghai officials, it was reported yesterday. While the city is unlikely to slip below the waterline soon, it is sinking

PRAYING FOR BETTER TIMES [ARTICLE + ILLUSTRATION]

Page 2

PRAYING FOR BETTER TIMES AP A Japanese man praying at the Kanda Myojin Shrine m Tokyo yesterday. As the country struggles to reverse a decade-long economic slump, many businessmen have been making trips to the site, which enshrines the deities of commerce and industry.

Japanese staying home for holidays [ARTICLE]

Page 2

Japanese staying home for holidays KW AN WENG KIN Brisk sales of traditional New Year food show... Put off overseas travel, many of them decide to begin the New Year with luxury on the dining table JAPAN CORRFSPONDENT Delicacies TtADmOMAL MtM M tfct ffcnt fHf Miy& W VM MMM vMMTf

High-tech zone makes Beijing a 'millionaire city' [ARTICLE]

Page 3

High-tech zone makes Beijing a 'millionaire city' Its richest residents are concentrated m the city's very own Silicon Valley, which last year produced more than 100 billionaires HONGKONG Beijing is called the "millionaire city" of China, counting 1.5 million residents m the league, but the truly wealthy are concentrated m

PRECIOUS CARGO [ARTICLE + ILLUSTRATION]

Page 3

PRECIOUS CARGO CHINA NEWS AGENCY This bronze ox head is one of 150 national treasures being Kpped from China to the Sun Vat Sen Memorial Hall m Taipei for display. It s looted from the Old Summer Palace by English and French troops m 1860.

20 injured in stampede at Henan sale [ARTICLE]

Page 3

20 injured in stampede at Henan sale HONGKONG More than 20 people were injured when thousanas thronged an electrical goods store m central China that was offering television sets for 1 fen (0.22 Singapore cents) and washing machines at 8 yuan (S$1.80), it was reported yesterday. The incident occurred on

Culture in a coin [ARTICLE + ILLUSTRATION]

Page 5

Culture in a coin IN EFFORTS to preserve the cultural heritage of the Rukai people, a state-run central bank m Taipei issued 210,000 sets of commemorative coins yesterday based on this indigenous group. The Rukai is a relatively small aboriginal tribe with a population of 7,800 distributed throughout the southern

Japan the costliest country for business [ARTICLE]

Page 5

Japan the costliest country for business Singapore, with its low corruption and taxes, is ranked 17th m the world by an Economist Intelligence Unit survey Pricey places The top 10 rankings of the most expensive countries and cities for operating a business: 1. Japan 2. United States 3. Germany 4.

SOUTH-EAST ASIA

Manila's jams turning off potential investors [ARTICLE]

Page 6

Manila's jams turning off potential investors LUZ BAGUIORO The bad traffic raises the cost of doing business m the Philippines and worsens the impression investors already have of the country fly PHILIPPINES CORRESPONDENT 'IT REFLECTS THE INEFFICIENCY OF BASIC SERVICES IN THE COUNTRY, AND HOW WE SUFFER IN COMPARISON TO

Illegal loggers use nakea wives to evade arrest [ARTICLE]

Page 6

Illegal loggers use nakea wives to evade arrest JAKARTA Illegal loggers m Indonesia are evading arrest by forestry rangers by getting their wives to strip naked and distract officials while they make a quick getaway with the valuable hardwood. A local government official on Sulawesi island, Mr La Ode Maradala,

Habibie denies misuse of $7.3m in state funds [ARTICLE]

Page 6

Habibie denies misuse of $7.3m in state funds JAKARTA Former Indonesian president B.J. Habibie has denied any wrongdoing m the alleged misuse of almost US$4 million (Ss73 million) earmarked for the poor. He told Indonesian prosecutors questioning him m Hamburg, Germany, on Monday that Mr Akbar Tanjung, his state secretary

DOLLED UP WITH BONES [ARTICLE + ILLUSTRATION]

Page 7

DOLLED UP WITH BONES REUTERS Thai artist Chalermpol Deepoon makes a "skeleton doll" from chicken bones collected from his mother's Bangkok restaurant. He has been collecting animal bones and shaping them into dolls for two years.

Indonesian military denies airlift fees stalled deployment [ARTICLE]

Page 7

Indonesian military denies airlift fees stalled deployment JAKARTA The Indonesian armed forces (TNI) has admitted charging at least U554,500 (558,300) an hour for the use of its aircraft, but has denied that such a fee delayed police deployment to conflict-torn areas. "Should other forces use our transportation such as an

Full US military ties with Jakarta 'unlikely [ARTICLE]

Page 7

Full US military ties with Jakarta 'unlikely ROBERT GO The counter-terrorism agenda will not weaken demands that Jakarta first answer allegations of past human rights abuses, says US academic Bu] STRAITS TIMES INDONESIA BUREAU JAKARTA Even as the United States pushes ahead with its worldwide counter-terrorism agenda, Washington is unlikely

E. TIMOR MURDER: Three more charged [ARTICLE]

Page 7

E. TIMOR MURDER: Three more charged JAKARTA Three more Indonesians were charged with murdering a United Nations peacekeeper m East Timor last year, court officials said yesterday. The main suspect, Jacobus Bere, is currently standing trial m a Jakarta court. The trial is due to resume tomorrow. Fabianus Ulu, Yohanes

Misuari seeking political asylum [ARTICLE + ILLUSTRATION]

Page 8

Misuari seeking political asylum LESLIE LAU The UNHCR says he has filed a plea through a US lawyer, claiming his life is m danger if he returns to the Philippines IN KI'ALAI.I'MPI'R UNHCR TO INTERVIEW FUGITIVE MUSLIM leader Nur Misuari (left) has written to the United Nations High Commissioner for

Guerillas torch bus near Cebu ahead of truce [ARTICLE]

Page 8

Guerillas torch bus near Cebu ahead of truce CEBU (Philippines) Communist guerillas yesterday commandeered a passenger bus and set it on fire near this central city, two days after they declared a month-long Christmas ceasefire, police said. Three New People's Army (NPA) members on board the bus whipped out pistols

REGIONAL FILE

PEACE TALKS FOR RIVAL CAMPS IN SULAWESI [ARTICLE]

Page 8

PEACE TALKS FOR RIVAL CAMPS IN SULAWESI THE Indonesian authorities will organise peace talks on Tuesday between rival ethnic camps m the province of Central Sulawesi, the scene of intermittent clashes since May last year, police said yesterday. AFP

PORTUGUESE AND TETUM GIVEN THE NOD [ARTICLE]

Page 8

PORTUGUESE AND TETUM GIVEN THE NOD EAST Timor's fledgling lawmaking body yesterday adopted the tongues of both their native ancestors and Portuguese colonisers as the official languages of the world's newest nation. Tetum and Portuguese were given the nod by the constituent assembly, elected three months ago to draft a

FEWER SHOPPERS AT TESCO LOTUS [ARTICLE]

Page 8

FEWER SHOPPERS AT TESCO LOTUS THE number of shoppers at Tesco Lotus stores fell sharply at the weekend follo*ving attacks on two of its branches last week, a survey by The Nation daily revealed. AP

SENATOR OPPOSES DEFENCE BUDGET [ARTICLE]

Page 8

SENATOR OPPOSES DEFENCE BUDGET AN INFLUENTIAL Philippine senator yesterday blocked a bigger budget for the armed forces, claiming military chiefs would use the extra money for big-ticket items like warships which he described as frivolous. Senate finance committee chairman John Osmena said he would suggest the proposed 699-billion-peso (552.37-billion) defence

WARNING ON ABU SAYYAF RANSOM DEALS [ARTICLE]

Page 8

WARNING ON ABU SAYYAF RANSOM DEALS PHILIPPINE military officials said they would arrest individuals brokering ransom deals with Abu Sayyaf rebels holding an American couple and a Filipina nurse hostage m the south. AFP

MALAYSIA

Rude' DAP MP suspended with no pay [ARTICLE + ILLUSTRATION]

Page 9

Rude' DAP MP suspended with no pay RE ME AHMAD Blow To Opposition MP Fong Po Kuan is barred for six months for contemptuous remarks against the Speaker of Parliament By INKI ALAI.I MFIR 'I won't shut up' "Whatever happens to me today will not diminish my spirit to fight

Death of girl puts police on fireworks alert [ARTICLE]

Page 9

Death of girl puts police on fireworks alert Parents are also urged to monitor their children's activities KUALA LUMPUR All state police chiefs have been instructed to step up vigilance, especially at border areas, to stop the smuggling of firecrackers and fireworks after a girl was killed and several others

KL disciplines 48 university dons for anti-govt activities [ARTICLE]

Page 10

KL disciplines 48 university dons for anti-govt activities Education Ministry uses terminations, demotions and transfers to prevent them from 'poisoning' their students' minds KUALA LUMPUR Disciplinary action has been taken against 48 lecturers from Universiti Teknologi Mara for involvement m anti-govern-ment activities, says Deputy Education Minister Datuk Abdul Aziz Samsuddin.

Govt TV to air more shows on Islam in Mid-East [ARTICLE]

Page 10

Govt TV to air more shows on Islam in Mid-East KUALA LUMPUR Radio Television Malaysia (RTM) will air more programmes on Islam m the Middle East to enlighten viewers here, said Information Minister Tan Sri Khalil Vaakob. He said the shows would also counter allegations that the govern-ment-owned broadcaster aired

Festive cash gift for 30,000 of nations poorest [ARTICLE]

Page 10

Festive cash gift for 30,000 of nations poorest KUALA LUMPUR About 30,000 of the country's poorest will celebrate the festive season with a little extra cheer as the government will give each of them RMIOO (Ss46) as a gift. For the first time, RM15,000 has been allocated as duit raya

KL lawyers get more freedom to advertise [ARTICLE]

Page 11

KL lawyers get more freedom to advertise Hitherto strict rules are relaxed to allow law firms to compete more effectively, and on a level playing field, with foreign lawyers The guidelines Lawyart cm aiwrtfrt aafcicittiai aaprwti ay tfct ear CouftcM, alact ftaJtaal idf trtlttwtiti li atwipapan ar Joaraali. Ttoy cm

Death fall: MB's son was alone in locked room [ARTICLE + ILLUSTRATION]

Page 11

Death fall: MB's son was alone in locked room KANGAR The three-year-old son of Perlis Mentri Besar Shahidan Kassim, who fell to his death from the 31st floor of a condominium, was buried here yesterday. Ameer Mohammad Fawwaz, the MB's youngest son, was alone m the locked room of an

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Page 12 Miscellaneous

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The Straits Times sports

Masthead [TITLE SECTION]

Page 1

The Straits Times sports I'LL MAKE MY OWN DECISIONS Just because I'm three-foot-two doesn't mean I can't make decisions. David Flood, a 96.5-cm-tall American, who is challenging a Florida law that bans the bar-room sport known as dwarf tossing Wednesday, December 12, 2001

Jury sent back again in Leeds players' trial [ARTICLE]

Page 1

Jury sent back again in Leeds players' trial SOCCER HULL The jury m the Leeds United footballers' trial was sent home yesterday without returning any verdicts after a second day of deliberations. The seven women and five men, asked to retire by Justice Richard Henriques at the start of the

Dwarf insists on getting tossed [ARTICLE + ILLUSTRATION]

Page 1

Dwarf insists on getting tossed SPORISPEOPLE MIAMI A small man is standing up to a Florida law that bans trie rowdy spectacle known as dwarf tossing. David Flood, who is 96.5 cm tall, says he can make up his own mind about buckling on a harness and crash helmet and

Coach Zhou may retire soon [ARTICLE + ILLUSTRATION]

Page 1

Coach Zhou may retire soon Chan Tse Chueen AS ONE story goes, swimming coach Zhou Tongwen once told a parent who wanted her child to be an Olympic champion straight to tier face: "No way." Mother and child left the People's Association Youth Swimming Club m a huff. While the

PAYSC may drown for lack of funds [ARTICLE + ILLUSTRATION]

Page 1

PAYSC may drown for lack of funds CHAN TSE CHUEEN I IT USED TO PRODUCE SWIMMING CHAMPIONS LIKE JUNIE SNG, AND MORE RECENTLY, JOSCELIN YEO BUT... i SWIMMING Club surviving on its savings; monthly costs exceed income by $5,000 Bu WE JUS PROMOTMG NATIONAL INTEREST BUT WE DON 7 GET

Hahl may bowl for S'pore at Asiad [ARTICLE + ILLUSTRATION]

Page 1

Hahl may bowl for S'pore at Asiad BOWLING SINGAPORE'S chances of bagging its first Asian Games bowling gold will receive a huge boost m the next two weeks, when former world bowling champion Tom Hahl submits his application for Singapore citizenship. The 36-year-old Finn has been m touch with T.

Why United is losing the plot this season [ARTICLE]

Page 2

Why United is losing the plot this season ENGLISH SOCCER LONDON When Alex Ferguson goes out at Old Trafford ahead of Manchester United's Premiership meeting with Derby tonight, ne cannot afford to lose another match if the club is to retain its Premiership title. How did United attain such miserable

Liverpool hopes for repeat win against Fulham [ARTICLE]

Page 2

Liverpool hopes for repeat win against Fulham LIVERPOOL Liverpool's assistant boss Phil Thompson will be hoping for a repeat of last season's meeting with Fulham when they meet tonight but he is not taking anything for granted. It was 3-0 m the Premiership leader's favour when it beat The Cottagers

Coaching changes at Geylang after 0-8 farce [ARTICLE + ILLUSTRATION]

Page 2

Coaching changes at Geylang after 0-8 farce MARCLIM S-I.KU.IK SOCCER Jang Jung may Lave smaller role as current director Seak takes control »IL HE HAS been named S- League Coach of the Year but Jang Jung's role at Geylang United may well be diminished next season. This year's S-League champion

Balestier loses 8 key players [ARTICLE]

Page 2

Balestier loses 8 key players Chan Tau Chou COST-CUTTING measures may have led Balestier Central to release a number of firstteam players but the club is determined not to make a auick return to the bottom of the table after finishing a respectable seventh this season. Among the foreign contingent,

SPORT IN SHORT

TAMPINES ROVERS SOCCER CLINIC [ARTICLE]

Page 2

TAMPINES ROVERS SOCCER CLINIC TAMPINES ROVERS Football Club will be conducting a soccer clinic for students between six and 16 years of age. The clinic conducted by the club's technical director Jita Singh and its new signing, national captain Nazri Nasir will be held at Springfield Secondary School from Dec

SOTOHAYOR DENIES STEROID ALLEGATION [ARTICLE]

Page 2

SOTOHAYOR DENIES STEROID ALLEGATION CUBA'S high jump world record-holder Javier Sotomayor denied on Monday an accusation by the International Association of Athletics Federations that he took the banned steroid nandrolone. "It's a lie, at no time have I taken that substance," he said. He said he had 18 doping tests

BARCA'S ANDERSSON LEAVES HOSPITAL [ARTICLE]

Page 2

BARCA'S ANDERSSON LEAVES HOSPITAL BARCELONA soccer club's Swedish defender Patrick Andersson was discharged from hospital yesterday following 36 hours under observation and will resume training today. Club doctors said that tests had revealed no injury to the player who momentarily lost consciousness after falling heavily m a clash with Celta's

ARSENAL GETS NOD FOR NEW STADIUM [ARTICLE]

Page 2

ARSENAL GETS NOD FOR NEW STADIUM LONDON soccer club Arsenal has been given the go-ahead to build a new 60,000-capacity stadium after local councillors approved the English Premier League club's £150-million (XXXXX-mil-lion) plan on Monday. Mayor Ken Livingstone has 14 days to block or back the scheme for the stadium

ENGLISH F.A. SAYS NO TO VENUE SHIR [ARTICLE]

Page 2

ENGLISH F.A. SAYS NO TO VENUE SHIR THE English Football Association turned down Cardiff City's application to switch its lucrative FA Cup third-round match at home to Leeds United to the 72,500-capacity Millennium stadium from its 21,000 Ninian Park ground. The Second Division club had hoped for a windfall from

REVISED MASTERPLAN FOR BRITISH GP [ARTICLE]

Page 2

REVISED MASTERPLAN FOR BRITISH GP BRITISH Formula One Grand Prix promoter Octagon Motorsports announced a "revised masterplan" for Silverstone on Monday m the face of threats to remove the race from next year's calendar. It said "further significant improvements are planned to provide the best possible level of accessibility" for

Daly just misses out on top 50 [ARTICLE]

Page 3

Daly just misses out on top 50 GOLF He needs to improve on his ranking to earn an invitation to Masters LONDON Golfer John Daly improved more than anyone else during the last season 456 spots to No. 51, according to trie final edition of the 2001 Official World Golf

Leading world rankings [ARTICLE + ILLUSTRATION]

Page 3

Leading world rankings TOP 51 (USA unl«s» stated) 1 Tiger Woods 15.67 points average 2 Phil Mickelson 9.16 3 David Duval 7.98 4 Ernie Els (Rsa) 6.99 5 Davis Love 111 6.02 6 Sergio Garcia (Esp) 5.86 7 David Toms 5.83 8 Vijay Singh (Fiji) 5.60 9 Darren Clarke (Nir)

I can still improve, says Thorpe [ARTICLE + ILLUSTRATION]

Page 3

I can still improve, says Thorpe SPORTSPEOPLE MELBOURNE Australian swimmer lan Thorpe (above) said yesterday that he has yet to reach his full potential after collecting two more prestigious awards. The 19-year-old won six gold medals at the world longcourse titles m Fukuoka, Japan, this year and won the Swimmer

Babbel fears he would be paralysed for life [ARTICLE]

Page 3

Babbel fears he would be paralysed for life LONDON Liverpool soccer defender Markus Babbel said on Monday that he feared he might be paralysed for life after contracting Guillan-Barre Syndrome. The syndrome is contracted through a virus which attacks the nervous system and affects the functioning of all the muscles.

Skiers pay high price for speed [ARTICLE + ILLUSTRATION]

Page 3

Skiers pay high price for speed SKIING CRASH COURSE: VIENNA The paralysis of Swiss downhill skier Silvano Beltrametti m a high-speed crash last Saturday nas reignited debate over the sport's perils following a series of horrific accidents. Alpine skiing authorities say nothing could have prevented the 22-year-old racer's 120-kmh charge

Don't be complacent: Scolari [ARTICLE]

Page 3

Don't be complacent: Scolari SOCCER RIO DE JANEIRO "Nobody wins with the microphone," announced the man known m Brazil as Big Phil. That was how national coach Luiz Felipe Scolari chose to couch his warning against the dangers of over-confidence following the jubilation which has greeted Brazils supposedlyeasy World Cup

Honorary British title for goalie Schmeichel [ARTICLE]

Page 3

Honorary British title for goalie Schmeichel LONDON Aston Villa and former Manchester United goalkeeper Peter Schmeichel was beaming after being appointed an honorary Member of the Order of the British Empire for his services to football. The Danish legend received the M BE at a ceremony at the British government's

New-age Jazz beats Mavericks [ARTICLE + ILLUSTRATION]

Page 4

New-age Jazz beats Mavericks BASKETBALL Utah's old and young talent are proving a fine mix as they win four games m a row SALT LAKE CITY The Utah Jazz got scoring with leadership down the stretch from John Stockton and Karl Malone. It got great defence, too, from Russian rookie

SCORES, STATISTICS & TABLES [ARTICLE]

Page 4

SCORES, STATISTICS TABLES AMERICAN FOOTBALL NFL: Miami 41 Indianapolis 6. BASKETBALL NIA: Utah 107 Dallas 98. LA Clippers 100 Orlando 92 CRICKET Opsnlwa tfay of tecMtf Tost In OwiliHg: England 277-6 (M Butcher 51. M.Tres cothick 99: Kumble 5-80) HOCKEY Mmi CHamalm CIMNMft In Kuala tampan Japan 3 South Africa

NBA STANDINGS [ARTICLE]

Page 4

NBA STANDINGS EASTERN CONFERENCE ATLANTIC DIVISION W I Pet OB HewJtmy 12 7 .632 Boston 11 7 .611 Mi New York 11 9 .550 IH Orlando 11 11 .500 |M Philadelphia 8 12 .400 4%t Washington 17 12 .368 5 Miami 3 15 .167 B>/z CENTRAL DIVISION W I Pet

DUTCH [ARTICLE]

Page 4

DUTCH f I f t It FeyHoort 15 1) 1 3 36 11 34 »l«»mstntam 15 10 2 3 35 18 32 PSVCiidhom 17 9 3 5 32 23 30 Heerenveen 16 t 5 3 29 12 29 Vitesse Ante* 16 8 5 3 18 11 29 NACBrefc 17 8

FRENCH [ARTICLE]

Page 4

FRENCH 9 i r i Hi KClens 17 10 5 2 30 13 35 lywi 17 10 3 4 32 16 33 WAwerre 17 9 5 3 26 IS 3? lilK 17 8 6 3 21 15 30 Piris St GenMW 17 6 9 220 13 27 BorfeMi 17 7

Obituaries

Untitled [OBITUARY + ILLUSTRATION]

Page 4

With Deepest Sympathy and Heartfelt Condolences to our CEO MR WEE TEW LIM on the demise of his beloved mother TAN WEE LIN (HAN WEE UN) Departed on 10 December 2001 From: Staff of Rl Network For Electronic IAISKJ Transfers (S) Pte Ltd Our Deepest Condolences to Mr Wee Tew

Untitled [OBITUARY + ILLUSTRATION]

Page 4

Tht Family Of The Lite LUCY LIM (Dtparttd on 8 Otc 2001) wish to express their heartfelt thanks and appreciation to all families, friends members of the Church of St Mary of the Angels for their kind assistance, condolences and donations during their recent bereavement. TAN SI KWEE AGE: 49

Obituaries

Untitled [OBITUARY + ILLUSTRATION]

Page 5

YAO FONG Age 75 yrs passed away peacefully on 11 December 2001 leaving behind Wife Lav Soon Huay Sons Daughters-in-law Richard Yao Judith Lee William Yao Daphne Chua David Yao Khorsuwong Kwanjai Daughter Son-in-law Catherine Yao Jeffrey Tay Goddaughter Godson-in-law Seetoh Woon Kha Tan Meng Hai Grandchildren Eugene Yao, Michelle

Untitled [OBITUARY + ILLUSTRATION]

Page 5

The Family of the late DSP (V) DAVID ANG KIAN CHYE (Departed 7 Dec 2001) would like to express their heartfelt gratitude and appreciation to relatives, colleagues, friends and business associates for their kind attendance, condolences, wreaths, donations and assistance during their recent bereavement. Special thanks to: Commissioner of Police

Untitled [OBITUARY + ILLUSTRATION]

Page 5

I "The Lord is my Shepherd, there is nothing I shall want." Psalm 23:1 DOROTHY TAN ENG CHOO Age: 81 Was called horn* to be with Jesus on 10 December 2001. Sadly missed by all loved ones Beloved Husband: Ng Sui Hon Son: Daughter-in-law: David Ng Peng Fun Rachel Li

Untitled [OBITUARY + ILLUSTRATION]

Page 5

The Lord is my Shepherd, I shall not be m want. Psalm 23: 1 CHUA KIM SIM AGE: 67 passed away peacefully on v December 2001. Vearty missed by: (Husband: Phua Gek Leng, deceased) Sons: Daughters-in-law: Patrick Phua Chock Lin Cindy Boh Yeow Keng Henry Phua Cheok Chye Janet Ong

Untitled [OBITUARY + ILLUSTRATION]

Page 5

LEE HONG TEE Age: 81 passed away peacefully on 10 Dec 2001. Leaving behind loved ones. (Husband: Quah Wei Siew, deceased) Son: Daughter-in-law: Quah Siew Tian Lai Soi Far Daughters: Sons-in-law: (Quah Hui Bin. deceased) Ng Wee Bin Quah Hui Tin Yeo See Long Quah Hui Hoon Quah Hui Gay

Untitled [OBITUARY + ILLUSTRATION]

Page 5

SUSEY MOYEL Age: 68 Ex PUB staff (Woodleiqh) passed away peacefully on 11 Dec 2001 leaving behind: Wife: Tayaniahi (Saro) Son: Ravendran (Novel) Dauqhttrs: Sabrina (Radha), Katherine (Latha) brothers, sister, sons-in-law, daughter-in-law and grandchildren to mourn for him. Body is resting at Blk 104, Potong Pasir Aye 1 I*ll-404. Cortege

MONEY

CLOB INTFRNAIONAL [ARTICLE]

Page 6

CLOB INTFRNAIONAL Transaction date: Dec 11, 2001 1 1 Corr Lilt ye. Day oon N.t m c.p HONGKONG STOCKS Clth«yPt<2oc HK72O 265 6 XXXXX 2 Chtung KongsOc HKI7BO 240 3 XXXXX 5 68 5 Cltyi Solutions It HK4S 2 44 a 1724 MKTtlsoc4oo HKSBO 136 65 XXXXX4 P HSBCHKSIO 400

BONDS, LOANS & WARRANTS [ARTICLE]

Page 6

BONDS, LOANS WARRANTS Transaction date: Dec 11, 2001 Dec 111 St'Wk ..it voi O.v Lait Quott *t Avg Htajfc l— Ctmnny fto *of- '000 H>»n law ttiyr »«Hf Prtc> 39.5 11.5 1 ASTIWO4O62I 21 -1.5 20 21.5 21 21 22.5 21 4 2.5 > Acma Lto WXXXXX6 4 unch 360

SPORE EXCH DERIVATIVES TRDG [ARTICLE]

Page 6

SPORE EXCH DERIVATIVES TRDG EURODOLLAR Optn High Low Sttt Est Vol Act/Vol Op/lnt Dec 01 98.1200 98.1275 98.1200 98.1275 XXXXX XXXXX XXXXX Mar 02 98.010 98.040 98.005 98.035 XXXXX XXXXX XXXXX JunO2 97.530 97.580 97.530 97.570 XXXXX XXXXX XXXXX Scp 02 96.850 96.915 96.850 96.910 XXXXX XXXXX XXXXX Closing ring*

ASIAN INDICES [ARTICLE]

Page 6

ASIAN INDICES D«Ctl CMANCC MALAYSIA: KLSE Compoiltt 668.09 *0 98 JAPAN: Nltutl XXXXX 91 -97 10 HONGKONG: Harvj Stnq maamtm ■f.f. THAILAND: SET lnd«« 294.06 _..-9.19 INDONESIA: Jtktrt* Compojlt* 371.25 -2.61 PHILIPPINES: Manila Compotrtt 1T16.56 -4 .27 SOUTH KOREA: Stoul Compoili* 670.0S *1 31 CHINA: Sft»nih»nß 273.54 -5 66 AUSTRALIA:

CURRENCY [ARTICLE]

Page 6

CURRENCY Foreign Currency Note Rates (9am, Dec 11) luytm 00 SlHn« Singapore dollars to ont unit of foreign currency Australian dollar 0.9340 0 9560 Canadian dollar 1.1470 1.1710 NZ dollar 0.7550 0.7710 Stirling pound 2.6110 2.6380 US dollar 1.8240 1.8350 Singapore dollars to 100 units of foreign Austrian schilling 11.72

A SIAN CURRENCY UNITS [ARTICLE]

Page 6

A SIAN CURRENCY UNITS Of* 3 t 12 Vilu* UnK mth mthi mth» mthi mths Call tat* USS -.1/. r/u M I"/,, 17.» 3/4 13/12 AS 3% 3V,. 37, 3'/. 3Y. 3 13/12 N2S 4 4'i 4/. 4A 47, ML 13/12 STG _...3V,. 37, 3V. 37, 37. 2V. 13/12 JY

CRUDE & PRODUCT PRICES [ARTICLE]

Page 6

CRUDE PRODUCT PRICES CnwWPr— uct Month* O*no« Prto (USD »BL Brtnt Bl»nd Jin -0.68 18.05-18.10 W Tt«M lnt»rm Jan -0.20 18.64-18.68 Dubai Fat»h Fib -0.15 17.07-17.12 TipU Bltnd D*c -0.75 16.95-19.05 Minil 0«c -0.75 18.45-18.55 Naphtha CIF Jap -4.50 i64.00-)66 oo Niphthi m -0.50 16.80-16.90 CST-180HSFO -1.75 105.50-107.50 Timing of

GOLD [ARTICLE]

Page 6

GOLD SINGAPORE MM <t» Man Tv« KiloDir XXXXX- XXXXX--XXXXX.69 XXXXX.01 100 gm 1612- 1607--1706.71 1701. *6 50 gm 806- 804- 864.17 862.11 20 gm 322- 321- 357.41 3b6.38 sgm 81-106.09 80-106.09 1 gm 16-37.08 16-37.08 BuHloncotaXtS/oi) Mon Tut Sport bullion coin 511-529 511-529 C*n«dl«n m»pl» i»*f 511-529 511-529 Australian nu^gtt

SICOM FUTURES [ARTICLE]

Page 6

SICOM FUTURES Dec 11, 2001 1 Rubftor ruturtt <C toting pricti) RSt 1 (Tonrm, 8 ctnti/ng) Month MHH Low tttt Vol Ooon Int Jon 02 84.50 Fob 02 87.50 Mar 02 88.75 Apr/JunO 2 90.00 RSS 3 (US c»nti/kg) Month MUn Low stt (Lotl) (Lott) Jon 02 46.25 46.25 46.00

HONGKONG [ARTICLE]

Page 6

HONGKONG oecn HK$ Across Asas a Multimedia O.bO unch Alphi General 0.04 unch Amoy Prop.- 8.45 unch Ananda Wing On 0.06 unch Angina Ntw Stttl M 1.00 unch Anhui Conch M 1.73 unch Annul Expressway H 1.39 unch Arconttch Corp.. 0.97 -0.01 Asia Set Telecom.- 13.45 -0.65 ASM Pacific 15.45

KUALA LUMPUR [ARTICLE]

Page 6

KUALA LUMPUR o*ll KM Abrlc j iy» -0.06 Affln Holdings 0.26 0.02 AlCCorp.- 4 36 -0 14 AKN Technology 4.60 -0.06 Aluminium Co of M'lia 1.06 unch Amil industrial Steel 0.56 -0.02 Amaneh Capital .......................1.53 unch AMMB Holdings 3.36 -0.06 Amsteel Corp 0.15 -0.01 Amway .-.—..5.10 0.05 Antah Holding 0.50

SYDNEY [ARTICLE]

Page 6

SYDNEY Dtcii A< 2 Park Strttt Trt 3.99 unch AHntagas 3.58 -0.02 Amcor 7 05 0 10 AMP Limlttd 18.58 -0.09 AN2 Binking Group 17.59 0.23 Aristocrat Ltisurt 6.35 0.01 ASK 11.60 -0.07 Austir Unlttd Comm 0.30 -0.01 Austtrt o Grp 2*21 -0.09 Australian Gi> fc Light 9.03 -0.03 AXA

BANGKOK [ARTICLE]

Page 6

BANGKOK Dec 11 B«m ABN Amro As* ...24.80 -2.20 Adkinson Sec 12.10 -1.20 Aflvt-ct AgroPCL 14.50 0.10 Advanced Info 40.50 -3.50 Advanced info Service 40.50 -3.50 Asli Credit .....7.10 -0.45 Ayudhya Inv. Trust 4.64 -0.24 BangchsK PetrolL 5.65 -0.35 Bangkok Bank 36.75 -0.50 Bangkok Bk FB 50.00 -0.50 Bangkok Express

CHINA [ARTICLE]

Page 6

CHINA Ore 11 WMB Annul Gujing Distill B 8.27 -0.03 B»i|ing Orl»nt El«ct B 8.15 0.04 B»ng*ng StMl Platti B 3.35 -0.11 Ch*ngch*i Co B 4.76 -0.07 O*cga« Oman T»« B 8.12 -0.16 Chm a First Pencil B 0.85 -0.02 Chin* Inn M«rint Com 26.12 -0.17 Chin* M«rch Shafcou B

JAKAITA [ARTICLE]

Page 6

JAKAITA 0*1)1 W» Akbar Indo Mk 170 5 Astra Agro 925 -25 Astra Graphta 355 Astra Int'l Inc 1960 -25 Bk Central Asia 1475 Gudang Garam 8300 -100 H M S»mpo»rna 3125 -125 indah Kiat PtP 315 indotood Suksts -.600 -25 Indosat -6250 50 Karka Yasa 35 Kimla Fartr»a 210

TOKYO [ARTICLE]

Page 6

TOKYO P«C11 Ytl ACOM 9370 -310 AdvanttJt Corp 8420 -330 Aitul 8960 -210 Aisin S* 1277 6 Ajinomoto Co 1197 16 Alpi Electric 820 -3 ANA...... 311 -10 Arabian Oil 572 10 A»ahl Bank 85 Asahi Brtwtrlti 1158 Asahi Glass -746 13 Asahi Kasel 437 Banyu Pharmaceutical 1923 13 Bridgestone

TOP ACTIVES [ARTICLE]

Page 7

TOP ACTIVES IPCO 20c 26.830.000 •Stf rCrul»M 10c 22.281,000 WlzofflClSc 15,901.000 FrontMn* 5c 10,931,000 SlngTtl 15c 10.039,000 SCX ie 8,939.000 •Gtntlng IIn.._t 8,219,000 ST Engg 10c 7,709,000 UOB 7 386 000 PinpicMtdHCom 5c 7.297,000

SECURITIES TRDG SCOREBOARD [ARTICLE]

Page 7

SECURITIES TRDG SCOREBOARD MAIN SOO TOTAL Up Pn Unch Up On Unch Up Pn Unch Multllnd 47S 000 4 7 5 Manufacturing 21 91 26 10 U 9 31 65 35 Commerce 8 18 13 13 1 9 21 14 Tpt/Stor/Cofnmt 8 116 000 8 11 6 r.ntnct 3 15

INDICES [ARTICLE]

Page 7

INDICES Ch«n<« Straits Tlmts Indti 1602.82 13 54 BT 08/ OS 135.00 -75.00 BT CADI -XXXXX.00 -81.00 BTIO-diyMA -XXXXX.00 »14.00 UOB SviaiQ 50.07 -0.51 UOB Blot Chip 570.46 -2.07 STI Futurts 1607 -13 MSCI Slngtpof* 199.16 -1.74 SIMSCI Futures 199.60 1 50

SECURITIES TRDG TURNOVER [ARTICLE]

Page 7

SECURITIES TRDG TURNOVER TURNOVER COOO) VALUE COOO) KUIn Sdq Tof I Main Sdq Total Multllnd 27,509 27.509 34,713 34,713 Mtnu'acturg 62.454 16 596 99,050 125.526 3.229 131,755 Commcrc* 21.209 182 21.591 9.537 86 9 625 Tpt/Stor/Com 35.293 35.293 66.738 66 738 Fininct 34.003 34,003 217.968 217 968 Conjunction 34,970 2.560

SGX SECURITIES TRDC: MAIN BOARD [ARTICLE]

Page 7

SGX SECURITIES TRDC: MAIN BOARD Transaction date: Dec 11, 2001 1 cHMsia l650cd 85 311 272 3 1S43 382 290cHN»gara 320 393 A 54.5 30.5 c H Plaza 50c 40 4 6 6 q 40 174 100 CM Royal 105 5 23 2 52 5 -4 254 149 c Hind

SGX SESDAQ [ARTICLE]

Page 7

SGX SESDAQ Currency last V« Day Z' t N.r w c.p Ti, Ma» I— Piami Train M» «f M» U» Ht 5 hi! MANUFACTURING 40.5 12 CAP 0II5C 16.5 -I 80 17 '6 5 4.2 14.5 17 168 27.5 c AS Auto 10c -..44 unch 977 45.5 44 10N 6.4

SGX XTRANET [ARTICLE]

Page 7

SGX XTRANET STOCK PRICKS LEGEND NOTES ti— All shares quoted have a per value of $1 and ere Strait! Times Index Stocks treo»d In lot j of 1.000 snares o*ch unless otherwise W BUY""*-'" specified I scrlpleM and nen CPf All shares are scripless eicept Burwill. FuJlt»«.iMC. e Stocks apprevatf

IPO scandal 'will cost Credit Suisse $184m' [ARTICLE]

Page 8

IPO scandal 'will cost Credit Suisse $184m' NEW YORK Zurich's Credit Suisse Group securities unit Credit Suisse First Boston (CSFB) has agreed to pay US$lOO million (XXXXX.5 million) to resolve a federal investigation into the way it dolled out shares m hot stock offers, The Wall Street Journal reported yesterday,

Toshiba cuts pay amid its worst crisis [ARTICLE]

Page 8

Toshiba cuts pay amid its worst crisis TOKYO Toshiba, which is forecasting a record loss of US$l.6 billion (552.9 billion) this financial year, cut salaries as the world's sec-ond-largest chipmaker faces the biggest crisis since it was founded 126 years ago, its president, Mr Tadashi Okamura, said. "We are facing

Beijing to cut import tariffs next year [ARTICLE]

Page 8

Beijing to cut import tariffs next year CHINA ENTERS WTO OFFICIALLY BEIJING China has announced key market-opening moves on the very day it joined the World Trade Organisation (WTO) officially. It said yesterday that it will cut import tariffs on industrial products to an average 12 per cent next year,

Russia may join WTO within 2 years [ARTICLE]

Page 8

Russia may join WTO within 2 years WHAT COUNTRY PLANS TO DO Allow overseas banks to increase their total foreign capital held m Russia To loosen foreign ownership limits on telecommunications and insurance companies It is also looking for concessions from WTO governments to ease the impact of membership on

Investors 'keen on British homes' [ARTICLE + ILLUSTRATION]

Page 8

Investors 'keen on British homes' LONDON Britain's residential housing market is set to outperform the commercial market and may attract investment from financial institutions if the government provides tax incentives, a report said. The private rental sector, which makes up 12 per cent of the residential market, is attractive to

China's factory output growth slid to 7.9% last month [ARTICLE]

Page 8

China's factory output growth slid to 7.9% last month WTO entry will surely put tnore pressure on state-owned companies' production, and more people are going to get laid off. lI SBC Mr Seto BEIJING China's factory production rose last month at the slowest pace m 10 months, a sign that

Jingan aims to double FDI to $943 m [ARTICLE]

Page 8

Jingan aims to double FDI to $943 m SOH WEN LIN By IN SHANGHAI SHANGHAI'S tiny Jingan district, which has attracted total investment worth 2.1 billion yuan (XXXXX.3 million), has now set its sights on raising its foreign direct investment (FDI) levels to twice that amount. With 9& pe r

Asia Pulp and 2 sister firms focus of probe by CAD [ARTICLE]

Page 10

Asia Pulp and 2 sister firms focus of probe by CAD ASIA Pulp Paper (APP), which defaulted on more than US$l2 billion (Ss22 billion) of debt m March, and its two Singapore-listed sister companies, are the focus of a probe by the Commercial Affairs Department (CAD). The Business Times (BT)

Dovechem offer hinges on votes of creditors [ARTICLE + ILLUSTRATION]

Page 10

Dovechem offer hinges on votes of creditors NICHOLAS FANG Founder and major shareholder Ng Joo Soon says his 43 million shares are now held by six banks; the company says it is not clear how the banks will vote liv THE mystery surrounding the partial offer being made for Singapore-listed

Teledata sounds profit warning [ARTICLE]

Page 10

Teledata sounds profit warning MAINBOARD-LISTED systems integrator Teledata, which has been hit by the further worsening economic environment for the telecom services industry, has issued a profit warning for the full year. This would result m a substantial loss for the full year, it said m a statement yesterday, adding

Pacific Andes to concentrate on Beijing business [ARTICLE]

Page 11

Pacific Andes to concentrate on Beijing business LORN A TAN Firm's interim profit grows 24.6%; it plans 'major thrust' into the expanded frozen seafood market m post-WTO China PACIFIC Andes announced yesterday a slew of measures to sharpen its focus, including divesting of its non-core assets, giving out bonus shares

TOP RISES (¢) [ARTICLE]

Page 11

TOP RISES DccH Cwts City Dcv 50c 590 25.0 4.4 BSembawanq 1160 20.0 1.8 OUE 645 15.0 2.4 HKLandUSWc 185 7.3 2.2 Capita Land 175 6.0 3.6 Dairy Farm 70 5.5 4.5 DelGro Corp 500 250 5.0 2.0 SATSvcsKJc 145 5.0 3.6 SembCorp Ind 165 5.0 3.1 Hotel Prop 136

TOP RISES (%) [ARTICLE]

Page 11

TOP RISES PecTl Cents Excel WO2 1 100.0 0.5 KianHoWO2 2 33.3 0.5 NMHldgs2oc 7.5 25.0 1.5 Wizoffice 5c 5 25.0 1.0 Over&Gen 22.5 12.5 2.4 LKHSOC... 24 H. 6 2.5 FlextechWtO2 5 11.1 0.5 Heshe HWqs2sc 10 «.1 10 SembKimtrans 15 H.l 1.5 SMB United Kk 15.5 W. 7

TOP FALLS (¢) [ARTICLE]

Page 11

TOP FALLS Ptcti Cwts SIA2OO 1120 40.0 3.4 SIASOc mO 40.0 3.5 SPH 2080 40.0 1.9 Creative T 25c W6O 30.0 2.0 OCBC 1130 30.0 2.6 SPH 100 2080 30.0 1.4 UOB 1230 20.0 1.6 JMHUS2SC4OO 590 18.3 1.7 Jurong Engg 50c 130 17.0 H. 6 Star Cruises 10c 46

TOP FALLS (%) [ARTICLE]

Page 11

TOP FALLS 0«ct1 Onts MMIWO2 5 23.1 1.5 BenefunHßKk 2 20.0 0.5 TaiSiniOc 9 18.2 2.0 GoWtronNCCPS 7 17.6 1.5 Goldtronsc 2.5 16.7 0.5 Star Cruises 10c 46 15.6 15.6 Asia FoodiProp 6.5 13.3 1.0 ReedGrpsc K> 13.0 1.5 BBRHWgsSc 3.5 12.5 0.5 BanJoosc 7 12.5 1.0 ThaiVillaqe 5c 10.5

OCBC denies holding analyst meetings recently [ARTICLE]

Page 11

OCBC denies holding analyst meetings recently OCBC BANK said yesterday that it had not held any analyst briefings on Monday nor recently, as implied by a Bloomberg News wire report carried m local newspapers yesterday. The Straits Times understands that the clarification was aimed at refuting any suggestion that the

SGX Smartens up security system [ARTICLE]

Page 11

SGX Smartens up security system THE Singapore Exchange (SGX) said yesterday that it has installed a real-time automated system to improve surveillance of its securities market. The "Smarts" system will detect and alert the exchange to irregular market behaviour such as unusual price movements or trading volumes, SGX said m

Investors stay cautious ahead of Fed meeting [ARTICLE + ILLUSTRATION]

Page 11

Investors stay cautious ahead of Fed meeting HIGH CHOW ■j SINGAPORE shares were traded cautiously ahead of last night's meeting of the Federal Reserve Open Market Committee m the United States. The benchmark Straits Times Index (STI) hovered for much of the day around its opening level of 1,616.36 points

China to account for 80% of Hong Leong Asia's sales [ARTICLE + ILLUSTRATION]

Page 11

China to account for 80% of Hong Leong Asia's sales FELISA BATACAN By HONG I^ong Asia (HLA), the trade and industrial arm of the Hong Leong group, expects its China operations to account for some 80 per cent of its revenues next year, said chief executive Wrix Gasteen. At a

Danone divests of its YHS stake [ARTICLE]

Page 11

Danone divests of its YHS stake BACK TO FORMER VENDOR PROPERTY company Orchard Parade Holdings (OPH) is buying back a 12.45 per cent stake it sold m drinks maker Yeo Hiap Seng (YHS) more than three years ago for $100 million. The seller is French food group Danone Asia. When

The Straits Times money

STRAITS TIMES INDEX [ARTICLE + ILLUSTRATION]

Page 12

STRAITS TIMES INDEX he 11. zooi: 1,602.82 (-13.54)

Blue chips resilient in downturn [ARTICLE + ILLUSTRATION]

Page 12

Blue chips resilient in downturn HUGH CHOW AZHAR KHALI D Only five of the 45 stocks m the Straits Times Index will suffer losses this year; more than half have perfect track record anil A THIS year, the bulk of the 45 stocks m the Straits Times Index will show

$366 ACQUISITION SP to buy two S. Korean power plants [ARTICLE]

Page 12

$366 ACQUISITION SP to buy two S. Korean power plants WILLIAM CHOONG By TECHNOLOGY REPORTER SINGAPORE Power (SP) announced yesterday plans to acquire two power plants m South Korea for 244 billion won (XXXXX million) its second-biggest overseas investment. Singapore's biggest utilities firm has already amassed utility assets m countries

Fed to raise rates 'in second half of next year' [ARTICLE]

Page 12

Fed to raise rates 'in second half of next year' NEW YORK The Federal Reserve will reverse course and begin raising interest rates m the second half of next year, the Bond Market Association Economic Advisory Committee has said. The United States economy will be out of the current recession

Qantas' no-frills carrier will begin flights next Sept [ARTICLE + ILLUSTRATION]

Page 12

Qantas' no-frills carrier will begin flights next Sept SYDNEY Australia's biggest airline, Qantas Airways, said yesterday it would launch its new low-cost carrier, Australian Airlines, by next September, flying initially to six cities around Asia. The new carrier was expected to start services between Cairns m Australia's northern Queensland state,

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Page 1 Advertisements Column 1 [ADVERTISEMENT]

Page 1

S L f. a c. r f. Changes In The Air At Geylang S- League Coach of the Year Jang Jung may find his role at Geylang lessened next season. st Golf Unlucky Daly Misses Out John Daly, the most improved golfer this year, narrowly misses out on the Masters.

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Page 3

Group 1 Prin $538,000, Group 2 Prixm $212,000,. Information on Group 1 Fritt for Draw No. 1656/2001 Group 1 Prin: $211,294 •ach 2 Winning Shart(s) Sold or 1) NTUC FoirPrice, Btt 5 Tan|ong Pogor Rood, Toniong Pogor Pioza #01-01 (One QuickPklt System 7 Entry) 2) Singapore Turt Club, Blk 226A

Page 4 Miscellaneous

Page 4 Miscellaneous Column 1 [MISCELLANEOUS]

Page 4

BA»KETBALL NIA: Atlanta v Philadelphia (Ch23.9am) OENERAL S»ortKMt*r Asia HA Bpm). •OCCEB EH: Liverpool v Fulham (Ch23. tomorrow. 3 50am) DELAYED TELECAST fOCCER European Soccor Show (Ch22.9pm) EH HlfhHfMs (TV Works. 10pm) Italian S«rte A MlfWlahts (TV Works. 11pm)

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Page 5

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Page 6

CHWSTMXS DRjEXMS 8k WISHES Want 111 —m.., I»C Sj» 1000 00 Mi Tfk. '0)61 ■■■■VF-- rST for free? Details m The Straits Times Classified today. W I CATS.

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Page 7

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Page 8

Singapore Electricity Pool Sale Prices 1-2 hour Ex- Ante 1/2 hour Ex-Ante Penod Pool Saie Period Pod Sale Ending Price Ending Pnce (VMWhi iS/MWhi 12.12.01 1630 128 4920 0430 47.6361 1700 128 4920 0500 47 6354 1730 XXXXX14 0530 47.6340 1800 128 4908 0600 47 6317 1830 51 1495 0630

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Page 10

VOLUNTARY CONDITIONAL CASH OFFER by Q OCBC Bank OVERSEA-CHINESE BANKING CORPORATION LIMITED (Incorporated m Singapore) for and on behalf of NORFORD INVESTMENTS PTE LTD (Incorporated m Singapore) a wholly-owned subsidiary of FRASER AND NEAVE LIMITED (Incorporated m Singapore) to acquire all the ordinary shares of $0.50 each m CENTREPOINT PROPERTIES

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Page 10

VOLUNTARY CONDITIONAL CASH OFFER by 4) OCBC Bank OVERSEA-CHINESE BANKING CORPORATION LIMITED (Incorporated m Singapore) for and on behalf of FOREGAIN INVESTMENTS PTE LTD (Incorporated m Singapore) a wholly-owned subsidiary of sa FRASER AND NEAVE LIMITED (Incorporated m Singapore) to acquire all the ordinary shares of $1 .00 each m

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Page 12

TV TO Next m Line Russia could join the trade body m 2003 if talks and reforms take place smoothly, page ss Partial C) f f f. h The Saga Continues Dovechem finds out that founder pledged his 43 million shares to six banks. pacesio |ml taj^^JKT- New Focus Venturing