The Straits Times : Weekly Overseas Edition, 11 March 1995
1995-03-11
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The Straits Times : Weekly Overseas Edition
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Title Section20 1995-03-11 1 The Straits Times WEEKLY EDITION SATURDAY, MARCH 11, 1995 Price: 551.20 (in Singapore) Elsewhere by subscription only MITA (P) 087/08/9420 words
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723 1995-03-11 1 He also calls for social cohesion within nations GOVERNMENTS and corporations must work to keep regional trading arrangements open, as well as ensure that social cohesion within the national boundaries is maintained, said Prime Minister Goh Chok Tong on Thursday. Speaking at723 words
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Article, Illustration514 1995-03-11 1 Derwin Pereira - By Derwin Pereira SINGAPORE will work to increase its trade with Pakistan and could attempt at playing a catalytic role to attract foreign investments into that country, Prime Minister Goh Chok Tong said on Wednesday. In a speech at a dinnerPicture by ALI YLSOFF. - 514 words
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Page 1 Advertisements
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Advertisement10 1995-03-11 1 Planning a CAREER Move CHECK OUT Pages 21 22 *****610 words
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NEWS FOCUS
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Article, Illustration706 1995-03-11 2 It will help build S’pore ‘neighbourhood’ on Internet A GROUP has been formed to provide information about Singapore on Internet, the global computer network with an estimated 30 million users. Brigadier-General (NS) George Yeo, the Minister for Information and the Arts (Mita)Timesgraphics - 706 words
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354 1995-03-11 2 A ONE-STOP digital information centre about Singapore called Singapore Infomap is now available to the 30 million users of Internet, the global computer network. It will contain all the information that a cyber-tourist or investor might need to know before actually coming to354 words
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Article, Illustration456 1995-03-11 3 FROM next Wednesday, taking a puff at Changi Airport will be illegal except for passengers who smoke in designated rooms in the transit area. Smoking will be banned everywhere else in the terminal buildings, the Ministry of the Environment (ENV) announcedPicture by MALCOLM McLEOD. - 456 words
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Article, Illustration521 1995-03-11 3 Warren Fernandez - By Warren Fernandez THE High Court on Wednesday ordered that the $lO,OOO fine imposed on American academic Christopher Lingle for contempt of court be paid out of the nearly $32,000 in his pension fund held by his former employer,521 words
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Article, Illustration387 1995-03-11 3 Chin Soo Fang - By Chin Soo Fang MADAM Phan Wait Hong, the 1992 Cultural Medallion award winner, gave her final opera performance at the Westin Stamford ballroom for the Chinese Cultural Festival on Tuesday night before she bowed out after a 74-year career in387 words
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HOME
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Article, Illustration625 1995-03-11 4 Chua Mui Hoong and; Pang Gek Choo - Feedback Unit dialogue on Budget ’95 By Chua Mui Hoong and Pang Gek Choo PARTICIPANTS at a Feedback Unit dialogue on Tuesday applauded the 1995 Budget as one which catered to the man-in-the-street but lamented that there was little in it625 words
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Article, Illustration441 1995-03-11 4 Sanjay Perera - By Sanjay Perera THE first visit of Vietnam’s Defence Minister to Singapore is a milestone in the bilateral relationship between Singapore and Vietnam, said Dr Lee Boon Yang, Minister for Defence and Labour on Tuesday. He was speaking to the media after a discussion441 words
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330 1995-03-11 4 Irene Ngoo - By Irene Ngoo A "BRAINS centre” housing several Singapore think tanks will be built on a sprawling site in Heng Mui Keng Terrace, occupied at present by the Civil Service Institute. Estimated to cost about $lOO million to build, the complex will bring together330 words
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640 1995-03-11 5 SM at Fortune Global Forum MULTINATIONAL corporations (MNCs) will have to co-opt Asian talent and create alliances with Asian businesses if they want to succeed in Asia in the long run, Senior Minister Lee Kuan Yew said on Wednesday. To640 words
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Article, Illustration417 1995-03-11 5 TEN illegal immigrants were rescued by the very people from whom they were trying to escape, after their boat capsized during a high-speed chase at sea. The Police Coast Guard fished them out of the water off Changi coastPicture by SIMON THONG. - 417 words
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574 1995-03-11 5 Rav Dhaliwal - By Rav Dhaliwal MULTI-TIER flyovers and use of better quality materials will see the Public Works Department spending $1.9 billion on roads over the next five years, compared with $l.l billion in the last five years. Acting Minister for National Development Lim Hng574 words
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351 1995-03-11 6 THAT Singapore women have made individual progress in education and in the workforce is but one measure of the country’s achievement. If, on the other hand, more people choose to remain single or if divorce, single parenthood or alternative family forms become351 words
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427 1995-03-11 6 M. Nirmala - By M. Nirmala IT WAS a Raffles Junior College sweep when the A-level results were released on Monday, with the college producing the top student and the top Malay and Indian students. RJC was also one of five JCs with the best results427 words
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Article, Illustration277 1995-03-11 6 Claudette Peralta - By Claudette Peralta THE winner of the 1994 Woman of the Year Award is a social worker who has dedicated 30 years of her life to helping the underprivileged and the disabled. Mrs Leaena Tambyah, 57, a wife and mother of two grown-up married children,277 words
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Article, Illustration358 1995-03-11 6 THE boss of a shipping firm caught on video scratching a neighbour's cars was sentenced to nine months’ jail and nine strokes of the cane. On Wednesday, Tan Kah Hock, 44, admitted that he had on two occasions scratched two cars belonging358 words
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Article, Illustration394 1995-03-11 7 Dominic Nathan - By Dominic Nathan A BIRD trader and two aquariums were among 13 individuals and businesses prosecuted here last year by the Primary Production Department (PPD) for smuggling endangered wildlife. The cases involved 1,500 specimens of endangered species like parrots, cockatoos, arowanas, reptiles and corals.394 words
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316 1995-03-11 7 A SEVEN-STOREY car plunge from a multi-storey carpark killed 27-year-old David Lee. The driver, Paul Toh, who was parking the car, survived the fall but was fined $l,OOO on Monday for his careless act and disqualified from driving for four years. The tragedy316 words
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407 1995-03-11 8 A NEW series of trials will be conducted for the Electronic Road Pricing (ERP) project soon, after a second round of tender proposals is submitted by the three groups contending for the project. Acting National Development Minister Lim Hng Kiang, who407 words
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Article, Illustration232 1995-03-11 8 LAST Friday night’s gala performance of The Phantom Of The Opera had a standing ovation from the full house at Kallang Theatre. One of the first to get to his feet was Prime Minister Goh Chok Tong, who also went backstage briefly to232 words
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Page 7 Advertisements
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Advertisement81 1995-03-11 7 Be informed of the Happenings in Singapore through The StraitsTLmes kM Subscription Form Name (Mr/Ms/Ms/Dr*): AIRMAIL SUBSCRIPTION RATES Tax invoice (For local subscriptions only): Please indicate whether you require a tax invoice Please tend to: (Fill in below if subscription is for someone else) Name (M/Mrs/Ms/Dr*):. Address: Country: Tel (H):81 words
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Page 8 Miscellaneous
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Miscellaneous1244 1995-03-11 8 RADIO SINGAPORE INTERNATIONAL (ENGLISH) PROGRAMME SCHEDULES 1100 1400 Hours (GMT) 9530 KHz (3IM BAND) MONDAY 1100 News in Brief/Weather Forecast (Asia Pacific) 1105 Frontiers 1120 Business Market Report 1130 Full News 1138 The Front Page 1140 Take Five 1145 Business world 1200 News in Brief 1205 E Z Beat 12201,244 words
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SPORTS
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504 1995-03-11 9 Joe Dorai - Sea Games gold chase one reason why FAS wants S’pore to stamp its class in Premier League By Joe Dorai THE Lions will be kept intact and they will take part in Singapore’s Premier League, starting on April 1. The Football Association of504 words
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Article, Illustration568 1995-03-11 9 Peter Khoo reports on a high jumper’s leap into history SINGAPORE athlete Wong Yew Tong has smashed the Republic’s 22-year-old national high jump record in Sydney. The new record was set when he soared over 2.15 metres at the Australian Open Track and Field ChampionshipsFile picture. - 568 words
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Article370 1995-03-11 9 Shirlynn Ho-Pereira - New Yorker’s second 300-game feat serves up two world marks By Shirlynn Ho-Pereira TWO world records were set at Eastside Bowl yesterday. And one man was responsible for both of them. American Michael Neumann hit his second perfect game in the Cathay Organisation Super Classic at Eastside370 words
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MALAYSIA
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361 1995-03-11 10 Many had stayed on to work after visit visas expired AP, NST. KUALA LUMPUR The government detained about 50,000 foreigners last year, mainly for sneaking into Malaysia, where an economic boom has caused a labour shortage. Immigration Department spokesman Mohamad Aris Chonin said thatAP,; NST. - 361 words
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Article, Illustration257 1995-03-11 10 They grab valuables from safety deposit boxes Ssl7 million KL break-in Bernama. KUALA LUMPUR- Burglars tunnelled their way into Mayban Finance’s strong-room in suburban Taman Cheras here over the weekend and escaped with valuables worth an estimated USI2 million (SSI7 million). More than 700 safetyBernama.; Bernama picture. - 257 words
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139 1995-03-11 10 NST. SRI AMAN A massive crocodile attacked and killed an Iban farmer who was bathing with his family in the Tanjung Strap, one of the tributaries of the Batang Lupar in Sarawak, on March 2. Villagers, led by Iban headman Gews AnakNST. - 139 words
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521 1995-03-11 10 Ismail Kassim - By Ismail Kassim in Kuala Lumpur MEMBERS of the ruling National Front (NF) and the main opposition parties are gearing themselves for a general election next month. “Preparations for an April polls by NF parties have been going ahead at521 words
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ASEAN
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522 1995-03-11 11 Lee Siew Hua - We will be ready for it in first half of next year, says Thai PM By Lee Siew Hua Bangkok Correspondent THAI Premier Chuan Leekpai has written to his Singaporean counterpart, Mr Goh Chok Tong, confirming that Thailand will host the first Europe-Asia522 words
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330 1995-03-11 11 Narendra Aggarwal - By Narendra Aggarwal in Phnom Penh THE Singapore Club in Phnom Penh is ready to take off, reflecting the keen interest that Singaporeans are taking in Cambodia as it opens up rapidly to the outside world following years of internal strife. Its president,330 words
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Article, Illustration56 1995-03-11 11 INDONESIA’S President Suharto about to kiss his wife, Mrs Tien Suharto, as they greeted each other during the Aidil-Fitri celebrations at their residence in Jakarta last Friday. It is customary for Muslims to kiss family members during the celebrations, which marked the end of the holy fasting monthReuter picture. - 56 words
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449 1995-03-11 11 Nirmal Ghosh - By Nirmal Ghosh Manila Correspondent THE third in an annual series of Singapore-Philippines joint military exercises and the most advanced to date kicked off at Fort Magsaysay, north of Metro Manila, on Wednesday. The Chief of Defence Force of the Singapore Armed Forces449 words
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290 1995-03-11 11 Sinfah Tunsarawuth - By Sinfah Tunsarawuth PATTAYA Thai Deputy Prime Minister Supachai Panitchpakdi has said the government would make the next national development plan a balanced policy framework. “It will be a plan that gives equal weight to social development and economic growth,” he said here last290 words
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COMMENT / Pick of the week’s editorials
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Article636 1995-03-11 12 MARCH 10, 1995 GIVEN the speed with which the Barings collapse occurred and the size of the funds involved. the Singapore International Monetary Exchange and its regulating body, the Monetary Authority of Singapore, did a good job in clearing up the debris they were left to636 words
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Article671 1995-03-11 12 MARCH 8. 1995 MALAYSIA’S position on Apec, the Asia Pacific Economic Cooperation forum, and open trade among its 18 members is well known: it is all for tariff cuts and removal of non-tariff barriers but would not be tied down by commonly-imposed deadlines; it worries that671 words
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Article647 1995-03-11 12 MARCH 7, 1995 HAVE Singapore workers shown themselves to be better investors of their retirement savings than the managers of the Central Provident Fund? The report card just in. for the one-year period, Oct 1. 1993 to Sept 30. 1994. does not look encouraging, going by647 words
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777 1995-03-11 12 Sia Cheong Yew - By Sia Cheong Yew Any good businessman should be only too happy to accede to the request by the Consumers’ Association of Singapore that banks tell their customers the effective interest rates they charge for loans. But. as it turned out, the777 words
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COMMENT / ANALYSIS
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Article, Illustration1042 1995-03-11 13 Tan Sai Siong - Wrong man can bring down a Barings or a country By Tan Sai Siong IF ATTENTION had not been focused entirely on the mind-numbingly huge losses alleged to have been incurred single-handedly by derivatives trader Nicholas Leeson, I am sure many would have noticed that his surname comes surprisingly close1,042 words
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883 1995-03-11 13 Sumiko Tan - By Sumiko Tan SINGAPORE has a knack for making international headlines. From economic achievements to its strict laws the curbs on selling chewing gum and the caning of vandals come to mind the Republic does not stay out883 words
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INSIGHT A LOOK AT THE ISSUES OF THE DAY BY THE STRAITS TIMES POLITICAL DESK
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Article, Illustration2314 1995-03-11 14 What factors make for a developed country and does Singapore have what it takes? Last week, Warren Fernandez compared Singapore with the world’s richest countries. Today, he considers the prospects of the Republic overcoming its constraints to join the premier league of developed nations. THIRTY yearsTimesgraphics - 2,314 words
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Article, Illustration1211 1995-03-11 15 THE INSIGHT INTERVIEW There has been a debate recently about the kind of respect that should be accorded to political leaders, particularly during public exchanges. At one Feedback Unit dialogue, participants said that while people still respected authority, they expected1,211 words
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Article, Illustration1230 1995-03-11 15 Leslie Fong - THINKING ALOUD Leslie Fong WHAT can and should the average Singaporean expect of his government? Obviously, there is no simple answer. People in the same age. sex and income groups do not necessarily want the same things in life. As the cliche goes,1,230 words
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MONEY
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Article6879 1995-03-11 16 INDUSTRIAL AND COMMERCIAL Transaction Date: Mar 10.1995 1994/95 Curr Last Vol Day Gr’s Nat M Cap Wt Avg High Low Company Traded Sale +or- 'OOO High Low Div P/E smil Price 720* 388 mt sAcmaSOe 418 -8 47 426 418 8 8 13.4 576.2 433 547* 267*6,879 words
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396 1995-03-11 17 GOH SOO MAY - GOH SOO MAY. THE US dollar, which took a serious tattering, was the single overriding concern for equities market worldwide last week. The local bourse started the week on weakened sentiment as the US dollar tumbled to new post war396 words
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Article84 1995-03-11 17 ST Industrials Index The Straits Timet Industrials Index dropped 71.72 points on the week to 2061.28 DAY CLOSE TURNOVER Monday 2126.99 (-6.01) 135.24 m (5345.514 m) Tuesday 2098.53 (-28.46) 124.01 m <5306.565m) Wednesday 2063.38 (-35.15) 159.82 m (J367.992m) Thursday 2070.74 7.36) 131.72 m (5310.725 m) Friday 2061.28 (—9.46)84 words
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150 1995-03-11 18 MALAYSIAN corporate raider Quek Leng Chan is continuing to buy Yeo Hiap Seng shares through his Singapore-listed vehicle. First Capital Corporation. Camerlin Pte Ltd. FCC’s fullyowned subsidiary, has again been the vehicle for this. According to forms filed with the exchange authorities150 words
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371 1995-03-11 18 But others see margins shrinking because of weakness in greenback SOME manufacturing operations in Singapore will see increased production volumes as a result of the continuing strength of the yen. Others, however, face severe constraints on their margins from the corresponding US371 words
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2761 1995-03-11 18 CORPORATE RESULTS Net Earn KPS Date IV IV IV IV onipanv ann (Sm) (Sm) (els) (els) \BK Hldgs Feb 28 1* 2.00' 2772 46 6.5 Acma Sep 16 1 4k d26 19.51’ 71.0 286 MSB* Nov 21 1* 3.05'L 2 095 2.04 Alex Hides Dec 202,761 words
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Article, Illustration451 1995-03-11 18 A VISITING Chicago Board of Trade member on Monday criticised the tone and substance of an article about Simex’s role in the Barings collapse. Calling the introduction of the article in the latest issue of the Economist, entitled Hu-bris, “unfortunate and totally unfair to451 words
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180 1995-03-11 19 THE Singapore International Monetary Exchange's duty as a regulator in the Barings debacle was to ensure that sufficient margins were maintained for trades on the exchange, said Dr Richard Hu on Monday. The Finance Minister told BBC’s Money Programme that180 words
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Article451 1995-03-11 19 Friday March 10 HK$ ASM Pacific 4 03 -0.025 Allied Ind Int'l 0 35 -0.01 Allied Oversea 0 52 -0.02 Asia Sec Int 2.20 -0.17 Bank of EA 20 05 -0.20 CP Pokphand 1 88 -0.01 CDL Hotel 3.25 0.08 Cafe De Coral 1.73 -0.05 Cath Pac Air 12.30451 words
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Article350 1995-03-11 19 Manager’s prices for Mar 11 13 Singapore Unit Trust The Commerce 1.57—1.66 The Savings Fund 140 —1 48*d Spore Prog fund 0.57—0.61 S pore Sec Fund 0.92 —0.98 S pore Invest Fund 1.11—1.18 S pore Equity Fund 0.70—0.74 Credit Lyonnais Int'l Asset Mgt Cl Asia Pac Gr Fund350 words
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371 1995-03-11 19 Derwin Pereira - By Derwin Pereira SINGAPORE and Pakistan on Wednesday signed a long-term investment guarantee agreement to promote bilateral business and economic cooperation. The pact was signed by the Permanent Secretary of the Trade and Industry Ministry, Mr Lam Chuan Leong, and Pakistan’s Secretary of the371 words
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469 1995-03-11 19 SINGAPORE’S industrial output grew by 10.8 per cent in December, resulting in cumulative growth of 12.9 per cent for the whole of last year compared with 1993. Vigorous export demand, especially in the electronics and machinery industries, boosted the annual469 words
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Article162 1995-03-11 19 Reuter. KUALA LUMPUR Malaysian Prime Minister Dr Mahathir Mohamad said the Malaysian ringgit is stronger than its current exchange rate indicates, the New Straits Times newspaper reported on Monday. The daily quoted Dr Mahathir as saying on Sunday that the Malaysian unit has appreciated against sterling andReuter. - 162 words
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Article150 1995-03-11 19 COUNTER RATES Singapore dollars to one unit ot foreign currency Buyin( 00 Se*nj US dollar I 4058 l 4229 Sterling pound 2.2449 2.3003 Australian dollar 1.0298 l .0617 Canadian dollar 0.9900 1.0136 NZ dollar 0.8937 0.9251 EC unit 1.8344 Singapore dollars to 100 of foreign currency units Austrian schilling150 words
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Article115 1995-03-11 19 Contract data: 10/3/95 CURRENCY 1 MTH 3 MTH 6 MTH 9 MTH 12 MTH CALL VALUE DATE uss 54 5*4 5% 54 6 44 14/3/95 A$ 7 7 Vi 8 8*4 84 5*4 15/3/95 NZJ 8% m 8*» 8*. 84 74 14/3/95 STG 54 64 6 s115 words
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CORPORATE RESULTS
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Article, Illustration438 1995-03-11 20 KEPPEL Corp, showing that diversification can mean strength, reported earnings rising some 12 per cent to $211.4 million in 1994, mainly due to strong revenues from its property and financial activities. This meant another year of record profits for438 words
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284 1995-03-11 20 KWEK Leng Beng’s Republic Hotels and Resorts saw group net earnings of $19.53 million last year, following its merger with City Hotels Pte Ltd (owner of the Orchard Hotel) in April 1994. Republic Hotels, formerly known as King’s Hotel, said that under the284 words
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Article451 1995-03-11 20 KEPPEL Bank on Tuesday reported a 40.2-per-cent jump in net group earnings to $64.4 million for the year ended Dec 31. The first local bank to release its 1994 results, the group surprised analysts with a higher-than-expected 38.8-per-cent jump in net interest income to $148.2451 words
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Article168 1995-03-11 20 TIBS Holdings on Wednesday announced a 7.14-per-cent decline in net earnings to $lO.B million for the year ended Dec 31, 1994. Pre-tax profit of the bus and taxi operator also fell 4.42 per cent to $17.4 million. This was despite a modest increase168 words
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Article145 1995-03-11 20 NOEL Gifts International has dipped into the red in the first half, with an interim net loss of $259,000 compared to a $201,000 profit in the corresponding period last year. This was despite an 11-per-cent increase in turnover to $7.2 million, for the six145 words
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Page 21 Advertisements
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Advertisement1199 1995-03-11 21 Adaptec, a US multinational corporation, is a worldwide leader in designing, manufacturing and marketing a comprehensive family of input/output (I/O) technology solutions, which combine both hardware and software in intelligent, systems-level products. Today, Adaptec I/O solutions are incorporated into the products of virtually all the major microcomputer and peripheral manufacturers1,199 words
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Page 22 Advertisements
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Advertisement847 1995-03-11 22 offilaSßV'iiV />. tourer I lie Straits Times Weeklv Tdition V> v > < i m u# Agilis Communication Technologies Agilis Communication Technologies specialises in the design and manufacture of high performance RF and microwave components and sub-systems. The majority of our staff are technically qualified and involved in the design847 words
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FORUM
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Article, Illustration491 1995-03-11 23 I REFER to the report “Teach students to live with Singapore’s constraints: PM” (see page 24). Mr Goh Chok Tong’s statement that our schools should educate students about the Republic’s constraints and fragility as well as ingrain in the young, national491 words
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377 1995-03-11 23 WE WOULD like to thank Sumiko Tan for her insights and concern for Young PAP’s participation on the Internet in “Debate on Internet, by all means, but Young PAP should be subtle” (see page 13). As a journalist, she should be377 words
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515 1995-03-11 23 I REFER to the letter “OK at times to pause and smell the roses” by Dr Jeyabala Balakrishna (ST Weekly Edition, March 4). It is good of the writer to remind Singaporeans of the great importance of mental health. In fact, as stress has515 words
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372 1995-03-11 23 I REFER to Bob Ng’s article “Let’s work hard but also enjoy the good life” (ST Weekly Edition, March 4). It is timely and provides some food for thought. In recent months, much has been said and heard about the372 words
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607 1995-03-11 24 SCHOOLS should ingrain in their students national lessons of survival and teach them about Singapore’s permanent constraints and fragility, said Prime Minister Goh Chok Tong last Saturday. “Giving them academic knowledge alone is not enough to make them understand what makes or607 words
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Article, Illustration588 1995-03-11 24 Derwin Pereira - High-level committee to look at ways to enhance political, security and economic relations By Derwin Pereira SINGAPORE and Australia have agreed to set up a high-level committee to look at ways of strengthening political, security and economic relations between the two countries, Prime Minister GohPicture by GEORGE GASCON. - 588 words