The Straits Times : Weekly Overseas Edition, 24 September 1994

Total Pages: 24
1 24 The Straits Times : Weekly Overseas Edition
  • 20 1 The Straits Times WEEKLY EDITION SATURDAY. SEPTEMBER 24. 1994 Price: 551.20 (in Singapore) Elsewhere by subscription only MITA (P) 087/08/94
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  • 698 1  -  By Warren Fernandez SIX out of 10 Singaporeans think the Government gives them sufficient subsidies and has done enough to help the poor, a survey by The Straits Times has found. About a third of those polled, however, disagreed and felt
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  • 659 1 PAP MP Matthias Yao has picked up the gauntlet thrown down by Singapore Democratic Party leader Chee Soon Juan and said he is ready to meet him in a one-to-one contest in the next general election. He said last Friday that he had
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  • 321 1 FOR the third year running, a Singapore designer has won the Asean Young Fashion Designers award. And the top prize of a oneyear U 5514,160 (SS21.000) scholarship at the Californian Fashion Institute of Design and Merchandising (FIDM) plus $5,000 was won by none other than Wednesday
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  • NEWS FOCUS
    • 456 2  -  By Kate Yu Juan SINGAPOREANS do not need a visa to visit Hongkong even after it reverts to China in 1997 because the territory will continue to function as it is right now. Mr Yang Wenchang, the Chinese Ambassador to Singapore.
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    • 212 2 POLICE arrested prominent gynaecologist Professor S.S. Ratnam early last Fridaymorning for suspected drunken driving after his Jaguar car was involved in a four-car collision. The accident happened along Whitley Road, off the Pan-Island Expressway, at about 12.15 am. Prof Ratnam. 66. head of the
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    • 265 2 Biggest jump in open sector at $10,208 THE latest prices of car Certificates of Entitlement (COEs) have continued a re-cord-breaking sprint, shooting past the $94,000 mark this time. The biggest increase has been for open category COEs. usually used to register bigger cars. The
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    • 531 2  -  By Chan Sue Meng FROM the middle of next month. Central Provident Fund members can start taking out profits made on investments under the Basic and Enhanced Investment Schemes (BIS and EIS). But members who want to collect their stock market profits
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    • 307 2 THE THREE-YEAR-OLD boy who fell 10 floors from his Bukit Panjang flat on Aug 3 cannot walk yet but is recovering fast, said his parents. Mohamad Haaziq Zainudin, who has been recuperating at home since being discharged from hospital on Aug
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    • 592 3  -  By Cherian George ALL three Malaysian television channels will be carried on Singapore’s cable television lineup, which Singapore Cable Vision touted on Tuesday as possibly the most extensive in the region. As expected, the 30-plus-channel service to be launched next year will
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    • 301 3 DUTCHMAN Johannes Van Damme, who was convicted of drug trafficking last year, was hanged in Changi Prison yesterday morning. The 59-year-old engineer was arrested on Sept 27, 1991 at Changi Airport with 4.3 kg of heroin in his suitcase. The death penalty is mandatory for
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    • 286 3  -  IRENE NGOO. FOREIGN Minister S. Jayakumar. responding to European calls for clemency for a Dutch businessman who was hanged yesterday for drug trafficking, said it was completely untenable to make an exception just because his home country was opposed to capital punishment. He told
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    • 475 3  -  It expresses disappointment with hanging By Grace Sung THE Dutch government said yesterday although it was disappointed with the execution of Johannes Van Damme for drug trafficking in Singapore, it accepted that judicial proceedings against him had been conducted correctly and carefully. Foreign
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    • 266 3 CHIEF Justice Yong Pung How, 68, is recovering at the Singapore General Hospital from a heart operation he had earlier this week. A statement from the Prime Minister’s Office last night said: "The Chief Justice, Mr Yong Pung How, underwent coronary artery bypass graft
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  • HOME
    • 543 4 MR LEE KUAN YEW has described his role in the Cabinet as the 12th man in an 11-man team His job as Senior Minister, he told two American journalists in a recent interview, was to keep Singapore
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    • OCBC Bank vs Norman Wright and Egon Zehnder International
      • 869 4  -  IN THE COURTS By Elena Chong THE head of an executive search consultancy libelled OCBC Bank when he remarked that “rank amateurism or carelessness' led to news of its intention to recruit four top bankers being published in a Business Times report in
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      • 474 4 BUSINESS TIMES did not defame an executive search chief when it apologised to OCBC Bank over a letter he wrote, and which the newspaper published, the High Court ruled last Friday. Rather, the paper had a moral if not legal duty
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    • 301 4 EXPATRIATES are required to put up a deposit when applying for a telephone line here because they tend to run up higher phone bills and some leave the country without settling them, said Singapore Telecom. It requires foreigners who are not permanent
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    • 541 5 SINGAPORE can help to prevent a clash of civilisations between East Asia and the West because it is well-placed to interpret one side to the other. Professor Tommy Koh said last Friday. Singapore is a happy blend of the East and the
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    • 239 5 CHANNELS 5 and 8 will be turned into 24-hour channels with more local content, said the man slated to take over their controls when SBC is corporatised next month. “The challenge for major local stations like channels 5 and
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    • 249 5 LOCAL air charter company, Region Air, may take off as Singapore’s third airline by the end of this year. The Civil Aviation Authority of Singapore (CAAS) confirmed that Region Air is now in the process of meeting CAAS requirements for an Air Operators
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    • 2279 6 Why government’s huge subsidies are not a worry On top of the massive subsidies in housing, health and edueation, the Government is giving away billions of dollars to the people through the HOB upgrading programmes, Edusave, sale of diseounted Teieeom shares and a flurry of sehemes. Yet
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    • 1646 7 Deputy Prime Minister Lee llsien Loong spells out Singapore's approach to welfarism in an interview with Warren Fernandez. WARRKN Fernandez: Could you give us an overview of the Government’s approach to welfare? BG Lee: We start off with the
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    • 526 8  -  He shares tips on learning Mandarin By Wang Hui Ling THOMSON GRC MP Leong Horn Kee recalled the horror he felt when he could barely introduce himself to his Man-darin-speaking grassroots leaders 10 years ago After years studying in England
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    • 480 8  -  By Sandra Pearce AS THE horror of the Hotel New World disaster of March 1986 unfolded before his eyes over television. Mr Gary Goh vowed that he would one day become a civil defence volunteer. “I wanted to sign up immediately.”
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  • Page 5 Advertisements
    • 329 5 The StmitsTimes WEEKLY EDITION News From Home Wherever You are The Sti^iitsTimes First-half growth SL hits 10.5 per cent AS Wrw<n rapmtaf, mPM r«n Tvt-ymi J ..y wiii» i»i»i»««»w SSSscli'- 5 5 ijgggj! The Straits Times Weekly Edition offers you a crisp summary of the week's major happenings in Singapore
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  • Page 8 Advertisements
    • 50 8 MAKING AN ISSUE OF THE MAJOR ISSUES The Straits Times Weekly Edition. A crisp summary of the week's major happenings in Singapore. Politics, business, the economy, investment opportunities, executive appointments... And highlights on Malaysia and Asean. A convenient tabloid airmailed to you wherever you may be. Every week. The StraitsTtmes
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  • SPORTS
    • 285 9  -  Singapore’s young ones going to the Asiad to gain international experience Countdown to the Asian Games By Shirlynn Ho-Pereira SINGAPORE is sending a young contingent to next month’s Hiroshima Asian Games, with Chiangmai in mind. Chef-de-mission Dr Tan Eng Liang said on Tuesday that most
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    • 479 9  -  By Peter Khoo WHENEVER Fandi Ahmad scores, Singapore never loses. Weil, almost. Except for just one game out of 30 this season the 1-3 defeat at Pahang in July, in which Fandi scored the sole Singapore goal. That Fandi scored 21 goals to equal
      Picture by JERRY SEH.  -  479 words
    • 141 9 LIONS captain Fandi Ahmad played “Singapore’s ambassador” to two million listeners when his interview was broadcast live to Holland from here last Friday. Fandi was interviewed by Holland’s Radio One presenter T. van der Graaf for the station’s top weekly two-hour show, which focuses on
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    • 208 9 IT WAS a token but Timesport’s gift of a special poster for the Singapore team and officials recalling their success in the Malaysian Premier League clearly moved the Lions. Most of the players and officials were caught by surprise and several approached Timesport editor Godfrey Robert
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    • 416 9  -  By Tay Cheng Khoon MARDAN MAMAT has become the first Singaporean to he named the Johnnie Walker Asian Golfer of the Month for August. He is also the first amateur to he recognised by this award, which was inaugurated this year. The first seven winners
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  • MALAYSIA
    • 411 10 Bemama. AP, Bloomberg X THING Print Mir-ster Ottak D: Manaciix Mohamad nas daretted National Fr« NT coicpov’ 1 paries to prepare lor ear,;, pauiiaajectary ass sta*e eieotjoru He a_v. told them to open thetr resjwrtive r»Ba as *ne t* *y- e
      Bemama.; AP,; Bloomberg  -  411 words
    • Installation of new king
      • 447 10 oration programmes. 3ornama. AP K\A ..A LUMPUR Malaysia s economy wjl. grow by ar. estimated i >-.- '.or.* this vear Prime Minister Datuk Sen Nr M a ha hi r Mohamad said vesterd; The Treasury predicted an 2 per tent growth when
        oration programmes. — 3ornama. AP  -  447 words
      • 432 10 AFP- KUALA LUMPUR Malaysia installed a new King on Thursday in ceremonies steeped in centuries-old tradition but the monarch, former diplomat Tuanku Ja'afar Abdul Rahman, will reign with vastly reduced powers Taking his oath of office, the 71-vear-old Tuanku Ja'afar, an avid cricketer
        AFP-; AFP picture.  -  432 words
    • 276 10 NST. PETALING JAVA As thousands of students sit for their Penilaian Menengah Rendah fPMR) examination at their respective schools next week, one teenager will have her exam in the air-conditioned comfort of the federal police headquarters at Bukit Aman
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  • ASEAN
    • 554 11  -  No need to take common position By Tan Kim Song in Chiangmai ASEAN Economic Ministers (AEM) have agreed that the report by the Eminent Persons Group (EPG) of the Asia-Pacific Economic Cooperation (Apec) forum should serve only as a useful reference, and that Asean will
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    • 439 11  -  By Lee Siew Hua Bangkok Correspondent BANGKOK The Thai Parliament will set up a “college of democracy” for politicians and leaders in all fields, to impart idealism and training in administration. In an interview with The Straits Times, Mr Mahin Tanboomperm, secretary
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    • 401 11 AFP, Reuter, UPI. CANBERRA Indonesian Vice-President Try Sutrisno on Thursday told a defence seminar that moves to have Southeast Asia declared a nuclearfree zone could start next year. Gen Try, who is on a threeday visit, said a South-east Asian nuclear
      AFP,; Reuter,; UPI.  -  401 words
    • 250 11 A GERMAN tourist who had run out of money used a pis-tol-shaped cigarette lighter to hold up a bank in the northern Thai city of Chiang Mai. According to the Bangkok Post on Wednesday, the 33-year-old tourist, a factory worker from Munich, walked into
      Bangkok Post picture.  -  250 words

  • COMMENT / Pick of the week’s editorials
    • 665 12 SEPT 23. 1994 IT IS important to keep in perspective a report we published this week on the expectations of new graduates about working overseas. Their main concern is whether they will have a wellplanned career path when they return to Singapore Their reason is understandable:
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    • 602 12 SEPT 22. 1994 IF PRIME MINISTER Goh Chok Tong's visit to Australia reaffirmed close and cordial ties between the two countries, it also opened up the new and exciting prospect of a svnergistic partnership that lends a fresh dimension to Singapore’s goal of going regional
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    • 669 12 SEPT 20, 1994 THERE is a myth, by no means restricted to Singapore, of something called the “government’s money". This is a myth anywhere because governments do not have money; citizens do. What governments "have'' are the taxes they collect, the budget surpluses they
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    • 865 12  -  by NG WEI JOO THE recent discussion about the direct correlation between smart parents and their children's academic performance is not new We have heard the arguments before. It reached a high point 11 years ago when Mr Lee Kuan Yew,
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  • COMMENT/ANALYSIS
    • 1492 13  -  By Joanna R. Jeremiah THE Prime Minister made the preservation of traditional moral and family values a key theme of his National Dav rally speech The speech raises what has long been a verv imoortant and controversial jurisprudential question for jurists and lawyers alike. The
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  • INSIGHT A LOOK AT THE ISSUES OF THE DAY BY THE STRAITS TIMES POLITICAL DESK
    • 1677 14  -  be worse off.” Additional reporting by Chung Tsung Mien. Chung Tsung Mien. Studies show that children of graduate parents fare better in school. But four out of 10 graduate men who married this year tied the knot with non-graduate women. What role
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    • 476 14 WHAT accounts for intelligence? Nature or nurture? Each time this debate surfaces, temperatures rise. One of the more widely cited studies on the side of the nature camp was done by researchers at the University of Minnesota. The team, led by Professor
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    • OFF-THE-RECORD
      • 77 15 WHAT did Prime Minister Goh Chok Tong discuss with his Malaysian counterpart. Datuk Seri Dr Mahathir Mohamad, at their private meetings in Langkawi two weeks ago 9 According to a group of grassroots leaders, one topic must have been the timing of the general election in their
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      • 93 15 SINGAPORE’S education system was a hot topic at the first Talkshop dialogue between National Youth Council chairman Lim Hng Kiang and youths recently. Someone pointed out the obsession that students had for studying the answers to past years’ examination questions Rest assured. Mr Lim told them.
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      • 139 15 THE permanent secretary for Information and the Arts and Law ministries. Mr Goh Kim Leong. told an entertaining love story, complete with love songs, at the recent launch of the Speak Mandarin campaign. It was based on his life. He had met his wife-to-be after he
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      • 119 15 THE 1,100 guests at the inaugural Law Academy lecture last Wednesday did not have to wait long to see the Courts practise what the speaker preached. The Chief Justice of England, Lord Taylor, said in his 45-minute speech that judges should make use of the media more
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    • 1118 15  -  THINKING ALOUD Leslie Fong THERE is room for improvement in the way some ministries and statutory boards reply to queries or criticisms from members of the public or journalists. Going by their letters to this newspaper’s Forum Page, they are prompt
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    • 1004 15 Should the PAP Community Foundation (PCF) withdraw its kindergartens from opposition wards? If so, will it not be penalising innocent children and risking a voters’ backlash? Dr Arthur Beng, chairman of the PCF kindergarten committee, responds to these and other
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  • MONEY
    • 7085 16 INDUSTRIAL AND COMMERCIAL Transaction Data: Sap 23,1994 j 1994 Curr Laat Vol Day Gr'a Nat M CapWtAvg High Low Company Traded Sale Of'000 High Low Div P/E Sinil Prica 1440 835 ml s Acma coo cd 5 99 1000 1000 17 5 •60 689 3 1003 800
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    • 330 17  -  GOH SOO MAY THE local bourse had a slow start to the week. Blue chips came under selling pressure as investors cashed out on renewed fears of interest rates hike. But the pessimism was shortlived and on Tuesday, share prices rebounded and the Straits
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    • 88 17 DAY—TO —DAY STOCK INDICES ST Industrials Index The Strata Timet Industrials Met rose 4.17 points on the week to 2302.05. DAY CLOSE TURNOVER Monday 2271 85 (-25.33) 194.10m (5589 993m) Tuesday 2296.21 (+24 36) 291.03m (5744.613m) Wednesday *****9 (-6.52) 330.18m (5844 521m) Thursday 2286.09 (-360) *****m (5879.579m) Friday 2302.05 15%)
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    • 307 18 THIRTEEN Singapore banks, with DBS at the forefront, are listed among Asia’s top 500 commercial banks, according to a ranking compiled by Asiaweek magazine. The inaugural Asiaweek Financial 500 ranks the region's 500 largest commercial banks by assets, deposits, premium income,
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    • 3469 18 CORPORATE RESULTS Net am 1 IN Date LA 1 A IV 1 A C iimpum ann Csml (Sm) (els) lets» VBR Hldgs Vlas Hi 1 1 407 :.sm .1.2 (1 Aetna Sep |C 1 48.926 19 51’ '1 t 2S.t> \lcom’ Aug l 1 4.;m 40ft
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    • 365 18 Overall index up 9.5 from June THE Great Singapore Sale helped to lift retail sales in July over the previous month, but the figure was still below that in July last year. The Department of Statistics said on Monday that the
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    • 67 18 AFP. KUWAIT CITY Kuwait will open an office in Singapore to manage its investments in Asia as it presses ahead with rebuilding its overseas assets that were eroded by the Gulf war. The office will be opened at the end of this year and will help
      AFP.  -  67 words
    • 532 19 Manufacturing sector’s growth will decelerate to 11 -13 UOB AN EXPECTED softening of demand in the electronics industry may contribute to a second-half slowdown in Singapore's economic growth to 8-9 per cent, according to the United Overseas Bank (UOB). Growth
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    • 442 19 Friday Saptambar 23 HKS ASM Pacific 5.55 0.100 Allied Ind lnt'1 0.57 001 Allied Oversea ...0.81 0.01 Asia Sec Int 2.73 unch Bank of EA 33 30 unch C.P. Pokphand 2.31 0.01 COL Hotel 3.30 -0.06 Cafe De Coral 2.66 -0.14 Cath Pac Air 12.60 unch Century City 2.77
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    • 316 19 Manager’s prices for Sep 24 ft 26 Singapore Unit Trust The Commerce 167-1.77 The Savings fund 1.61-1.70 S pore Prog Fund 0 66-0 70«d S pore Sec Fund 1.04-110 S pore Invest Fund 121-1.28 S pore Equity Fund 0.83-0.88 Credit Lyonnais Int’l Asset Mgt CL AsiaPac Gr Fund
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    • 352 19 This is part of a slsom investment plan over next 10 years AMERICAN electronics giant Motorola Inc plans to invest an estimated $4O million in its paging and printed circuit board (PCB) manufacturing facilities here by 19%. This is part
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    • 146 19 COUNTER RATES Singapore dollars to one unit of foreign currency Buying 00 Seine US dollar 1.4664 1.4830 Sterling pound 2.2924 2 3466 Australian dollar 1.0679 1.0995 Canadian dollar 1 0832 1.1084 NZ dollar 0.8701 0.8998 EC unit 1.8377 Singapore dollars to 100 of foreign currency units Austrian schilling 13.2198
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    • 329 19 SINGAPORE is the world’s third largest oil trading centre after New York and London. The Republic’s Approved Oil Trader (AOT) scheme, launched in 1989, has attracted 50 AOTs with total trading in excess of US$66 billion (Ss9B billion) last year. According to
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    • 146 19 Contract date: 23/9/94 CURRENCY 1 MTU 3 MTH 6 MTH 9 MTH 12 MTH CALI VALUE DATE us$ |V, 4 Vi 5 5 Vi 5V4 3v« 27/9/94 A$ 5 5 Vi 5 Vi 6'4 3% 27/9/94 NZ$ 5 7 i 6 3 i 6V4 7 Vi 7
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    • 611 20  -  Assistance works best within free-market framework, says BG Lee By Zuraidah Ibrahim in Jakarta GOVERNMENT policies to help small and medium-sized enterprises work best if they work within the framework of the free market and follow market forces instead of going against them, said
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    • 494 20  -  Judge favours prison term over fine for former chairman, director of collapsed group By Gerry de Silva THE former boss of the col.apsed Devon Group. Neo Gim Eng. was jaued for 18 months on Wednesday on charges of inflating prices of goods on company invoices
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    • 394 20  -  By Robert Ng AUGUST was a hot month for new brokers. with last month's batch of 93 entrants setting an all-time record. The newcomers, comprising 63 selfemployed remisiers and 30 paid dealers, outnumbered by nearly four times the 26 brokers who joined in
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    • 246 20 BRITISH Petroleum is considering relocating to the proposed Jurong Island which will emerge from the merger of the Southern Islands when the company vacates its 120-hectare site in Pasir Panjang. Sources said it had expressed interest in taking a 10-hectare site on land
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  • Page 21 Advertisements
    • 1202 21 The Straits Times Weekly Edition •xtt-x I NATIONAL UNIVERSITY OF SINGAPORE Applications are invited for research appointments at the National University Medical Institutes (NUMI) in the following fields: 1) DNA SYNTHESIS AND SEQUENCING (one vacancy) Candidates should be well-trained in molecular biology, able to provide leadership and supervision of a
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  • Page 22 Advertisements
    • 956 22 Go For The Leading Edge ?11 > r a nso Dili Engineering. Tnr Defence Technology OeOi k Nation We arc looking for creative, innovative inquisitive young minds to join our R D teams to work on complex and challenging detence science and technology projects. PROGRAMME PLANNING OFFICER Your Challenges Plat.,
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  • FORUM
  • Page 23 Advertisements
    • 123 23 Dear Readers. THE Straits Times welcomes letters from you. Your letters must include your signature, full name, address and home and office telephone numbers. We do not accept for publication letters from writers who decline to give their names. This rule will be waived only in vej7 exceptional circumstances, such
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  • 733 24  -  Well-educated men are changing marriage attitudes By Sumiko Tan MORE than half of Singapore’s graduate men are now marrying graduate women, an indication that well-educated men are changing their attitudes towards women. The latest figures show that 59 per cent of graduate men
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  • 458 24  -  By Leong Chan Teik SINGAPOREANS have come out tops among students from various countries in obtaining the best degree results in British universities. One in four Singaporeans who graduated last year clinched first-class honours, according to the Universities’ Statistical Record, the official
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  • 464 24 Overseas jobs: Grads worry they’ll lose out NTU survey A SURVEY among recent university graduates has found that their uppermost concern about working overseas is whether they will have a proper well-planned career path when they return to Singapore. Many do not want to lose out to contemporaries who stay
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