The Straits Times : Weekly Overseas Edition, 18 March 1995

Microfilm: NL20495
Total Pages: 24
1 24 The Straits Times : Weekly Overseas Edition
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  • Title Section
    Masthead
    27 1 The Straits Times WEEKLY EDITION SATURDAY, MARCH 18, 1995 Price: 551.20 (in Singapore) Elsewhere by subscription only MITA (P) 087/08/94 The Straits Tim«H 150 YP.ARS 1 -1
    27 words
  • Article, Illustration
    Lock icon Moves to keep traffic flowing
    938 1  -  New statutory board to be set up to take charge of all land transport policies By Zuraidah Ibrahim THE Government on Tuesday mapped out a long-term policy to improve the transport system here, starting with a new one-stop statutory board to take charge of all
    ThMHnpMc*/ TIEN CHUNG PING *M EDWIN AGAWIN  -  938 words
  • Article
    Principal contractors to be held responsible
    445 1 Illegal immigrants at worksites CONSTRUCTION contractors will soon be required by law to put up security measures to prevent unauthorised persons from entering or hiding in worksites controlled by them. Immigration laws will be amended to make principal contractors accountable for any illegal immigrants
    445 words
  • Article
    150th year logo in spotlight
    121 1 THE Straits Times 156th Anniversary logo makes its appearance today. It is being used from now until July SI, when the events organised by Singapore Press Holdings to celebrate The Straits Times’ 150th anniversary this year come to a close. The logo depicts the act
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  • Page 1 Advertisements
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  • PARLIAMENT
    • Article, Illustration
      All-out action for water
      921 2 Govt outlines measures to solve long-term supply problems THE Government on Monday announced a comprehensive set of measures to secure Singapore’s long-term supply of water. Pledging to do whatever it takes to solve the problem, it outlined moves which include finding new and alternative sources of
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    • Article, Illustration
      Give more from surpluses to old, needy
      630 2 Debate on Government’s Financial Policy MP also calls for funds to be channelled to education and retraining of workers THE ways in which the Budget surpluses are carved out among Singaporeans came under scrutiny on Monday, with MPs urging that more be re-directed
      630 words
    • Article
      Women’s groups here ‘not aping the West blindly’
      344 2 NOMINATED MP Kanwaljit Soin on Monday criticised policy-makers for labelling women’s organisations here as mindlessly aping their counterparts in the West. “When women’s groups call for steps to be taken to change attitudes which are lagging behind social and economic realities, policy-makers
      344 words
    • Article, Illustration
      Calls to make lose of CPF to benefit more Singaporeans
      553 3 SEVERAL proposals were put forward on Monday on how to use the Central Provident Fund mechanism to distribute benefits to more Singaporeans, including the poor, housewives and older workers. At least three MPs spoke on the subject, with two suggesting
      553 words
    • Article
      MPs fear economic competitiveness being eroded by rising costs
      747 3 Debate on Government’s Financial Policy AT LEAST 10 MPs on Monday sounded alarm bells that the country’s economic competitiveness was being eroded by rising business costs and the strong Singapore dollar. They pointed to the tight labour market, which was forcing
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    • Article
      Do more to train and retrain unskilled workers
      635 3 FIVE MPs on Monday argued that more should be done in the training and retraining of unskilled and older workers. Proposals ranged from the setting up of a regionalisation training fund to help workers cope with overseas postings to the channelling of
      635 words
    • Article
      A glimpse of public transport in the future
      89 4 Ministerial statement on land transport Roads, rail networks, buses, taxis they all came under the microscope as Communications Minister Mah Bow Tan on Tuesday announced measures to improve public transport. The action plan will see commuters having a wider choice in public
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    • Article
      Licensing to ensure commuters get high quality service
      357 4 TAXI COMPANIES NO MORE easy rides for taxi companies. The authorities will soon stop issuing and renewing taxi licences of these companies liberally. It will instead issue operator licences which hold the taxi companies accountable for the service provided by their drivers.
      357 words
    • Article
      A more extensive MRT and LRT rail network by 2030
      379 4 TRAIN SERVICES A MORE extensive rail network is on the way. Calling the MRT the backbone of Singapore’s public transport system, Mr Mah Bow Tan on Tuesday said the MRT line of 67 km would be extended to 160 km
      379 words
    • Article
      Electronic boards showing arrival times of buses soon
      338 4 HATE rushing to the bus stop and not know if you have just missed your bus? You will soon be spared this uncertainty when bus stops and MRT stations come equipped with electronic boards which will show the arrival time of the
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    • Article
      Dr Hu defends the strong S’pore dollar
      891 4 Debate on Govt’s Financial policy FINANCE Minister Richard Hu on Tuesday defended the strong Singapore dollar, saying that it had neutralised imported inflation and alleviated overheating in the economy and the labour market. “By curtailing labour demand and achieving lower CPI inflation, wage
      891 words
    • Article, Illustration
      Concern over discipline in schools
      701 5 Budget debate MPs want greater authority for teachers and call on ministry to back them THE problem of discipline in schools, highlighted in several news reports recently, made its way into Parliament on Thursday, with several backbenchers urging greater authority for teachers to discipline their
      701 words
    • Article, Illustration
      Student who assaulted teacher to be expelled
      360 5 THE 15-year-old student of St Hilda’s Secondary School who assaulted the school’s disciplinary teacher last month will be expelled. Disclosing this on Thursday, Minister of State for Education Sidek Saniff said that the decision to expel the student was taken by the school’s
      360 words
    • Article, Illustration
      Civil service changes will boost morale
      633 5 DEPUTY Prime Minister Lee Hsien Loong said on Wednesday that he was confident recent changes to the civil service would raise morale and improve performance, once their impact had sunk in. He noted that among the changes were faster promotions and more recognition for
      633 words
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  • HOME
    • Article
      Remove barriers to travel, SM urges
      712 6 Let airlines decide on market access THE travel and tourism industry needs to persuade governments and groups of governments to remove barriers that block international travel. Senior Minister Lee Kuan Yew said on Monday night. These barriers range from limits on airline access to
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    • Article
      Prices of COEs up except for small cars and open category
      621 6  -  First tender under rule barring double-transfer Leong Chan Teik THE 271 people who bid successfully for Certificates of Entitlement (COEs) for small cars this month have reason to be overjoyed. Their COEs cost only $10,200 each $12,030 less than
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    • Article
      Another find off pier: Thighs and torso in plastic bags
      291 6 More severed body parts in the sea ANOTHER grisly discovery was made at Clifford Pier on Thursday when the decomposed thighs and torso of a human body surfaced from the murky waters around the pier, just three days after a
      291 words
    • Article
      10-year-old bruised by teacher’s beating
      459 6  -  By Ginnie Teo A 10-YEAR-OLD boy was slapped six times by his teacher last Friday, leaving his left eye swollen and his face bruised. Calvin Wang, a Primary Four student in Pei Chun Public School in Toa Payoh. said his 23-year-old teacher, Mr Nigel Wong,
      459 words
    • Article
      Woodlands Home resident dies after being bitten by cobra
      347 6 A 80-YEAR-OLD resident of the Woodlands Home for the Aged died in hospital on Sunday, more than two weeks after he was bitten on the hand by a cobra. Mr Wong Tai Yew was bitten on the finger by a cobra
      347 words
    • Article
      Syndicates forge papers for bank loans
      586 7  -  They help unemployed people obtain credit totalling $1 million By Brendan Pereira SEVERAL unemployed people are among Singaporeans who managed to obtain credit facilities from banks here, with the help of syndicates which provided forged documents to support their applications. One syndicate helped some
      586 words
    • Article
      Man grabs chain and pendants from grandmother’s neck through window grille
      292 7 THE windows were shut tight and the doorbolted firmly at Madam Cheng Chye Ting’s flat at Kempas Road, off Bendemeer Road, last Friday. The reason: the 79-year-old grandmother had her gold chain and two pendants snatched from her neck
      292 words
    • Article
      $35m to be given out to 50 charities
      431 8  -  By Tan Hsueh Yun ABOUT 144,000 people from 50 charities will benefit from the 535.2 million given out by the National Council of Social Service (NCSS) this year. The money, nearly $6 million more than last year’s $29.55 million, will fund 133
      431 words
    • Article, Illustration
      National street soccer league to be launched
      380 8 FORGET the Malaysia Cup. Football is set to hit the streets in a big way this year when a national street soccer league kicks off. Announcing the introduction of the tournament last Saturday, Deputy Prime Minister Lee Hsien Loong said the league, which
      380 words
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  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      114 7 Be informed of the Happenings in Singapore through The Straits Times ■■■■weekly editionMHl •> a !i\ooV oo or"" vcar >* A crisp summary of the week’s major events in Singapore. The Straits Times Weekly offers political business, economic and other important news to keep you updated on the current affairs
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  • Page 8 Miscellaneous
    • Miscellaneous
      Page 8 Miscellaneous Column 1
      1249 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
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  • SPORTS
    • Article, Illustration
      Lions bite Sea Games champ
      630 9  -  Kallang roars once again as seven superb goals decide classic clash Philips International Soccer Tournament: Singapore Lions 4 Thailand 3 By Thomas Koh SINGAPORE scored a vital psychological boost in its runup to December’s South-east Asia Games with a superb 4-3 win over defending champion
      630 words
    • Article, Illustration
      Lock icon Same grind, same schedule – but a world of difference
      566 9  - Same grind, same schedule but a world of difference What the first 45 days in Australia have been like for Joscelin SWIMMING: By Shirlynn Ho-Pereira SHE still gets up at 4.30 am, like she did in Singapore. She still has her day packed with swimming and school, like that in
      Timesgraphio  -  566 words
    • Article
      Suddendeath gimme helps Fung
      533 9 Yokohama Golf Championships BILL FUNG won his first major title in three years after a dramatic sudden-death play-off last Saturday. The 38-year-old Warren Golf Club professional wrested the Yokohama Golf Championships title after a 55th-hole duel with Chua Guan Soon at the Laguna Golf and Country
      533 words
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  • ASEAN
    • Article
      Thai govt moves to cut bureaucracy
      449 11  -  One million jobs can be cut easily to raise productivity, says top official By Sinfah Tunsarawuth in Cha-am, Petchburi (Thailand) THE Thai government will soon launch an effort to improve the efficiency of the bureaucracy by trimming its size and boosting the productivity of
      449 words
    • Article
      Police warn against public prayer session for maid
      535 11 Hanging of Filipino maid SINGAPORE police have warned that a public prayer session being planned by some Filipinos here is illegal. The prayer session is for the executed Philippine national, Flor Contemplacion. A police statement yesterday said: "It constitutes an offence punishable
      535 words
    • Article, Illustration
      Lock icon Mayor of small Philippine town gets life for rape and murder
      388 11  -  By Leticia Perez in Manila A REGIONAL trial court on Tuesday sentenced a small-town mayor and his six accomplices to a maximum seven life terms each in a rape and murder case that has been called a symbol of
      Reuter picture.  -  388 words
    • Article
      Surge in foreign investment in Indonesia
      447 11  -  By Paul Jacob Jakarta Correspondent FOREIGN investment approvals in January and February rose significantly over the same period last year, but the authorities are especially pleased by the growing interest in setting up outside heavilydeveloped Java. According to Investment Minister Sanyoto Sastrowardoyo, approvals of
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  • COMMENT / Pick of the week’s editorials
    • Article
      A tightening of screws
      624 12 MARCH 17. 1995 HOME Affairs Minister Wong Kan Seng announced in Parliament on Wednesday that the law would soon require construction contractors to undertake security measures to stop unauthorised people from entering or hiding in worksites they controlled. Principal contractors would also be accountable for any
      624 words
    • Article
      Air rights key to travel
      651 12 MARCH 16. 1995 TOURISM forecasts are a bit like weather reports. They tend to be optimistic, are right often enough but when wrong, few people notice because the weather is. well, unpredictable. The World Tourism Organisation's projections for the next 15 years can go awry
      651 words
    • Article
      Accommodating foreign workers
      637 12 MARCH 13. 1995 THE report about Woodlands Town Garden being used as open-air living space by foreign workers underlines the importance of the decision by two companies, Keppel and L&M. to invest in quarters. This is investing in the future, it being most unlikely that Singapore will
      637 words
    • Article
      When it is better to bequeath than to be taxed
      829 12  -  By Sonny Yap IF YOU have a million dollars to spare after seeing to the needs of your kith and kin, would you give it to charity, education, research, religion, sports or the arts? Incredible as it may seem, 10
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  • Focus
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  • COMMENT / ANALYSIS
    • Article, Illustration
      Nurture children early in life’s little courtesies
      1107 14  -  By Tan Sai Siong A STORY which a friend related to a group of us the other day had most of her listeners nodding in recognition and sympathy. A new arrival in Singapore was at a crowded shopping centre where like the gentleman
      1,107 words
    • Article
      Some lessons from history to mould Singaporeans of tomorrow
      928 14  -  By Asad Latif PRIME MINISTER Goh Chok Tong said that schools should ingrain in students national lessons of survival and make them aware of Singapore’s constraints and fragility. He spoke of Japanese children being taught to cope with earthquakes, and Dutch
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  • INSIGHT A LOOK AT THE ISSUES OF THE DAY BY THE STRAITS TIMES POLITICAL DESK
    • Article, Illustration
      The Budget debate: A guide to the procedures involved
      1047 15 Parliament began on Monday for what has become known as ‘the Budget debate’. Chiang Yin Pheng presents this guide through the maze of rules surrounding parliamentary procedure. IN BRITAIN, it is the Chancellor of the Exchequer who announces the Budget in
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    • Article, Illustration
      Singapore’s reputation hit by Barings debacle? Check out S$
      915 15  -  THINKING ALOUD Han Fook Kwang IF THE test of any system is its ability to withstand sudden, adverse shocks, the past two weeks should be of some comfort to Singaporeans. Shock number one came when a 233-year-old bank was brought down
      915 words
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  • MONEY
    • Article
      SES MAIN BOARD
      6908 16 INDUSTRIAL AND COMMERCIAL Transaction Date: Mar 17.1995 I 1994/95 High Low Company Curr Last Traded Sale +orVol '000 Day High Low Gr’s Div Net P/E M CapWtAvg Smil Price *****8 m t s Acma 50c 424 2 1006 436 424 8.8 13.5 584.5 423 547* 267* 1
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    • Article
      Flat trading but local bourse ends on a stronger note
      395 17 TRADING on the Singapore stock market was flat this week, but ended on a stronger note on the back of Wall Street's robust overnight performance. Brokers said the market lost for leads, latched onto the showing by overseas markets Apart
      395 words
    • Article
      DAY-TO-DAY INDICES
      91 17 ST Industrials Index The Straits Times industrials Index rose 40.55 points on the week to 2101.83 DAY CLOSE TURNOVER Monday 2063.53 (+2 25) 114 44m ($297.269m) Tuesday 2060 38 (—3.15) 92.47m ($232.362m) Wednesday *****2 16 14) 108 90m ($327 181m) Thursday 2075 92 (-060) 84 75m ($214 440m)
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    • Article
      DBS Bank opens full branch in Bombay
      135 18 DBS Bank on Thursday opened a full branch office in Bombay, the commercial capital of India. This makes DBS the first Singapore bank to open a branch in India, it said in a statement. The activities of the branch include working capital finance,
      135 words
    • Article
      Government will do more to support local enterprises
      477 18  -  By Douglas Wong LOCAL enterprises are an important part of the economy, and the Government can and will do more to support them, said Deputy Prime Minister Lee Hsien Loong on Wednesday. They are playing a bigger role in the economy and
      477 words
    • Article
      CORPORATE RESULTS, DIVIDENDS ANNOUNCED
      3177 18 CORPORATE RESULTS Net Farn f;i*s i 1 )atc n 1 n 1 2 otnpans ann (Sml (Sml (ctsl (cts) MIR Hldgs Feb 28 1* 2.007 2 7 72 4.6 6 5 \ema Sep lb 1 48 42b ***** '1.0 28.6 MSBsox :i 1* X 0571. 2045
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    • Article
      Foreign broking firms eyeing seats on S’pore stock exchange
      336 18  -  By Caroline Chan A NUMBER of foreign stockbroking firms are believed to be applying for international membership seats on the Stock Exchange of Singapore (SES), despite the market’s lacklustre performance in the last two months. Among those believed to have applied
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    • Article
      Grace period for tax exemption
      181 18 THE Government has given some developers a grace period in which they may still apply for exemptions from property tax on land for development. The Inland Revenue Authority of Singapore (Iras) said on Wednesday that land owners who had started foundation works on their projects
      181 words
    • Article
      Lock icon Indonesia records $6.7m Budget surplus
      140 19 Reuter. JAKARTA Indonesia recorded a slight surplus of 10.4 billion rupiah (556.7 million) for its national Budget for fiscal year 1994/1995, Antara news agency reported. Antara quoted Finance Minister Mar’ie Muhammad who said revenues and expenditures were both up at around 72.35 trillion rupiah, or
      Reuter.  -  140 words
    • Article
      HONGKONG
      455 19 Friday March 17 HKS ASM Pacific 5.05 0.575 Allied Ind Int'l 0.35 unch Allied Oversea 0.55 0.02 Asia Sec Int 2.25 unch Bank of EA 21.15 0 80 C P Pokphand 2.00 0.04 CDL Hofei 3 30 -0.03 Cafe De Coral 1.86 unch Cath Pac Air 12.35 -0.05 Century
      455 words
    • Article
      UNIT TRUSTS
      353 19 Manager’s prices for Mar 18 20 Singapore Unit Trust The Commerce 1 57-1 66 The Savings Fund 1.42—1 50*d S pore Prog Fund 0.57—061 S pore Sec Fund 0.93-0.99 S pore Invest Fund 1.12—1 19 S pore Equity Fund 0.71—0 75 Credit Lyonnais Int’l Asset Mgt Cl Asia-Pac
      353 words
    • Article, Illustration
      Shell investing S700m in upgrading projects
      646 19  -  By Ronnie Lim SHELL has just added seven major upgrading projects worth $7OO million to boost the competitive edge of its worldclass Singapore refinery. These have resulted not just in making Pulau Bukom the group’s largest refinery worldwide, but also in it being more
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    • Article
      CURRENCY
      148 19 COUNTER RATES Singapore dollars to one unit of foreign currency Buyinc 00 SeNnt US dollar 1.4018 1.4189 Sterling pound 2.2096 2.2642 Australian dollar 1.0322 1.0641 Canadian dollar 0.9830 1.0065 NZ dollar 0.8985 0.9301 EC unit 1.8647 Singapore dollars to 100 of foreign currency units Austrian schilling 14.0277 14.6636 Belgian
      148 words
    • Article
      ASIAN CURRENCY UNITS
      112 19 Contract data: 17/3/95 CURRENCY 1 MTH 3 MTH 6 MTH 9 MTH 12 MTH CALL VALUE DATE USS 54 54 54 54 54 44 21/3/95 A$ 74 74 74 84 84 54 21/3/95 NZ$ 84 84 84 84 84 7 21/3/95 STG 54 54 64 64 64
      112 words
    • CORPORATE RESULTS
      • Article
        DBS Bank reports 14% jump in group net profit to $533m
        713 20 Results close to analysts’ 13% forecast THE first of the Big Four banks announced its results over last weekend. DBS Bank saw a 13.9 per cent jump in group net profit to $532.9 million. The results match the 13
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      • Article
        Hong Leong Finance and Singfin see growth in net gain
        413 20 HONG Leong Finance Ltd and its listed subsidiary. Singapore Finance Ltd (Singfin) last Friday reported net earnings growth of 13.1 per cent and 35 per cent respectively. Hong Leong Finance’s net earnings increased to 563.2 million, as operating income grew
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      • Article, Illustration
        S’pore Aerospace reports 19% fall in net earnings to $25m
        328 20 SINGAPORE Aerospace (SAe) on Wednesday reported lower-than-expected net earnings of $24.9 million, an 18.7-per-cent fall which it blamed on the weak United States dollar, oversupply in the aircraft maintenance market and its loss-making manufacturing operations. Turnover for the year ended
        328 words
      • Article
        Wing Tai interim profit tops $12m
        201 20 WING Tai Holdings has reported a 19-per cent rise in group interim net profit to $12.25 million, despite a 28-per cent fall in turnover to $71.34 million. The lower turnover for the six months to Dec 31, 1994 was because of a fall in
        201 words
      • Article
        Sime S’pore’s net earnings increase 10%
        141 20 SIME Singapore has achieved a 10 per cent increase in net earnings to $14.9 million for the six months ended Dec 31 last year. Its interim turnover also rose 10 per cent to $302.5 million as most of its core activities turned in better
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      • Article
        Strong showing by overseas units help push C&C’s earnings up 38%
        349 20 CYCLE Carriage (C&C) on Tuesday reported a 38-per cent rise in group net profit to $124 million over the annualised earnings for the previous 15-month period. Its performance for the year ended pec 31, 1994 was largely in line
        349 words
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  • Page 21 Advertisements
    • Advertisement
      Page 21 Advertisements Column 1
      929 21 The Straits Times Weekly Edition iililillliiiiiilp: :WS POINTMEN ■ssm Tetra Pak Information Systems Pte Ltd tlr gw m Tetra Pak is an international company, a world leader in the development, production and marketing of complete packaging systems for liquid food products. Founded in Sweden in 1952, the company enjoys considerable
      929 words
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  • Page 22 Advertisements
    • Advertisement
      Page 22 Advertisements Column 1
      864 22 The Information Technology Institute (ITI) is the applied R&D arm of the National Computer Board. We have been establsihed since 1 April 1986 with the mission to create and deploy advanced and useful IT innovations. We aim to be a major technological engine propelling the successful implementation of the national
      864 words
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  • FORUM
    • Article, Illustration
      British tabloids view S’pore justice and prisons adversely
      411 23 THE Nick Leeson case has generated adverse views in British tabloids about the nature of justice and prisons in Singapore. Phrases used include “harsh justice”, “Singapore’s passion for executing criminals” and ’’worsening human rights record”. I find it difficult to understand that
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    • Article
      Time to learn more about Asia
      206 23 I REFER to the report “To succeed, MNCs must link up with Asian firms” (ST Weekly, March 11). According to Senior Minister Lee Kuan Yew. non-Asian multinational corporations (MNCs) would have to co-opt Asian talent if they wish to reap long-term benefits in the
      206 words
    • Article, Illustration
      Give schools leeway to discipline students
      403 23 I REFER to the article “10-year-old bruised by teacher’s beating” (page 6,'. Apart from teaching the prescribed syllabus, the task of a teacher is also to instil discipline in students. When a task is set, it is expected of sHidents to plyIn not doing
      403 words
    • Article
      New vision needed to lift S’poreans out of ‘fear cycle’
      292 23 ACCORDING to the World Bank, we have made it into the ranks of the top 10 richest countries. This is indeed reason to celebrate, but such an occasion should also encourage us to pause and about our direction for the
      292 words
  • Page 23 Advertisements
    • Advertisement
      Page 23 Advertisements Column 1
      126 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 very exceptional circumstances, such
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  • Article
    No upper limit set on cash reserves: Dr Hu
    554 24 Surpluses as long as economy not over-taxed THE Government has not set an up[)er limit on Singapore’s cash reserves and will continue accumulating surpluses so long as the economy is not over-taxed, said Finance Minister Richard Hu on Wednesday. ‘‘Our policy
    554 words
  • Article, Illustration
    Founder Lien to retire from OUB board
    705 24  -  Current deputy chairman Lee Hee Seng to take over By Chan Sue Meng PIONEER banker Lien Ying Chow will retire next month as chairman and director of Overseas Union Bank, the empire he founded and spent half a century building up. He will
    705 words
  • Article
    Delifrance cafe fined again
    382 24 Its Parkway Parade management team asked to resign THE Delifrance cafe at Parkway Parade Shopping Centre was fined $1,600 on Tuesday for selling food in re-used disposable containers to its customers last year. This is the third offence against the delicatessen chain, which recently had its
    382 words