The Straits Times : Weekly Overseas Edition, 8 July 1995

Total Pages: 23
1 24 The Straits Times : Weekly Overseas Edition
  • 25 1 The Straits Times WEEKLY EDITION SATURDAY, JULY 8, 1995 Priis3ssl.2o (in* by subscription only MITA (P) 087/08/94 1845 YYY 1995 The Straits Times ISO YHAKS
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  • 787 1  -  By Chua Mui Hoong THE Government will shell out $267.6 million in a one-off payment to reward older Singaporeans, deserving pensioners, former MPs and ministers, for laying the foundations for the nation’s success, Prime Minister Goh Chok Tong announced in Parliament yesterday. The largest
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  • 402 1 IT WILL be several years more before the Government brings into operation Article 5(2A) of the Constitution, which relates to the Elected President’s powers, Deputy Prime Minister Lee Hsien Loong said yesterday. He added there would probably be a second or even third
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  • 688 1  -  By Chung Tsung Mien THE Government wants to bring in a new team of young people for the next General Election so that they can work with and learn from the senior politicians, said Prime Minister Goh Chok Tong on Sunday. If such
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  • NEWS FOCUS
    • 382 2  -  It will be integrated with a residential development By Kalpana Rashiwala A NEW 18-hole golf course will be coming up on a plot of land near Peirce Reservoir and facing the Bukit Timah Expressway. It will be developed by the Singapore Turf
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    • 245 2 GLAMOROUS singers and Hollywood-style glitter accompanied the launch of the courtesy campaign on Sunday, but Acting Minister for Community Development Abdullah Tarmugi had a sober message to deliver. He said at the launch, held at the Television Corporation of Singapore theatre: “We must not think
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    • 484 2  -  By Leong Chan Teik MALAYSIA’S traffic authority on Thursday confirmed that Singapore cars travelling upcountry will need to be fitted with third brake lights. These are brake lights which are normally mounted on the back windscreen. But the news came
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    • 379 2 LAST Saturday’s Singapore Armed Forces (SAF) Day Parade was the first for MajorGeneral Bey Soo Khiang as the new Chief of Defence Force and the last for Dr Lee Boon Yang as Defence Minister. Dr Lee, who will be leaving the Ministry of Defence
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    • 283 3 THE school flag came down for the last time after more than 26 years at the National Junior College (NJC) campus in Linden Drive, off Dunearn Road, on Sunday. From Tuesday, classes are held at the college’s spanking new campus in
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    • 251 3 SENIOR lawyer Chelva Retnam Rajah was sworn in as a Judicial Commissioner of the Supreme Court by President Ong Teng Cheong in a ceremony held at the Istana last Saturday. A statement from the Prime Minister’s Office said that he will be appointed for a six-month
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    • 653 3  -  Separation of jurisdictions leaves enforcement gap for Muslim court By Brendan Pereira THE HIGH Court does not have the jurisdiction to enforce a Syariah Court order when there is a dispute between both spouses, a court ruling on Friday suggests. If
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    • 428 3 LAWYER Narindar Singh was charged in court on Tuesday with corruptly soliciting $lOO,OOO from the son of a man who had been sentenced to death for drug trafficking. Narindar, 45, who has his own law firm, N.S. Kang,
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  • HOME
    • 608 4 Panel for Beijing conference affected AT LEAST eight members have resigned from two steering committees set up to co-ordinate representation of Singapore non-government organisations (NGOs) at the fourth United Nations World Conference on Women in Beijing in September. Seven of the eight original committee
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    • 293 4 THE Singapore Tourist Promotion Board's new $6O-million headquarters reflects Singapore’s colonial past and Asian heritage with its pitched roofs, central courtyard and five-foot-way. The 13-storey building, named Tourism Court, will cater not only to tourists, but also to travel businesses and those doing research
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    • 244 4 ONE of the outer doors of a lift in Odeon Towers fell nine storeys down the shaft on Tuesday. Luckily, no one was injured in the incident as the lift had stopped at one of the upper floors of the
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    • 447 4  -  Schools and youth groups welcome move Discipline in schools By Raoul Le Blond THE Ministry of Community Development (MCD) has given the green light to a Singapore Teachers’ Union (STU) proposal to let schools have more access to professional counselling services for classroom
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    • 504 5 Deal worth s7b involves Boeing *****, Airbus A33os Reuter. SINGAPORE Airlines (SIA) has invited tenders for 33 new planes, a deal worth potentially US$5 billion, which should help it lock in price discounts. SIA assistant director for corporate affairs Kramjit Singh confirmed a
      Reuter.  -  504 words
    • 300 5 PRIMARY 6 pupil Ye Shinan woke up late for school on Thursday last week, so his mother decided to take him to school on his mountain bicycle, with him riding pillion. But a Trans-Island Bus Services (Tibs) taxi
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    • 134 5 This kidney-shaped piece of reclaimed land is the site of the Tuas checkpoint for the second road crossing to Malaysia (bottom part of picture faces Johor). Reclaimed over the past two years, the land is about 20 ha, the equivalent of 25 football fields. A double-deck checkpoint
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    • 409 5 Board seeking capable people to work in its offices abroad THE Trade Development Board is expanding its network of overseas centres and will look for capable people who can work in these offices to provide global trading links for the business community. “We need
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    • 397 6  -  By Chang Ai-Lien A NET for small fry landed an unexpected catch when a 50-kg black marlin was found trapped in it on Thursday last week. The fish, which was in a kelong off Punggol. was cut up and given to the Grace
      Picture by DENISE TAN.  -  397 words
    • 245 6 A 17-YEAR-OLD burglar was jailed for six years and given 18 strokes of the cane on Thursday last week for attempting to rape a 17-year-old student and robbing her. A fortnight ago, Ng Chun Hian had pleaded guilty
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  • Page 6 Miscellaneous
    • 1255 6 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 1220
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  • SPORTS
    • 596 7  -  SOCCER: By Hakikat Rai PATRICK ANG confirmed on Tuesday his much-anticipated appointment as manager of the Singapore soccer team. But he will only serve for six months. The 45-year-old group chairman of RTW group of companies said he would quit after December’s South-east Asia Games
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    • 313 7 BODYBUILDING SINGAPORE’S trip to the Asian Pro-Am Classic bodybuilding championships in Hongkong proved fruitful when it returned with six gold medals plus a silver and a bronze on Tuesday. Former Mr Universe Azman Abdullah and Jojo Sinclair accounted for three golds between them with
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    • 205 7 NEWLY-APPOINTED Singapore soccer coach Barry Whitbread and manager Patrick Ang wasted no time in making their expectations known to the national squad. Ang set a semi-final berth in December’s South-east Asia Games as his main target while the coach told the players he planned to have
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    • 254 7 THE heavy rain that fell over much of Singapore on Sunday mirrored precisely the feelings of the 150-odd fans who turned up at Changi Airport to bid farewell to former Singapore soccer star Abbas Saad, who was returning home to Sydney, Australia. Many in the crowd
      – Picture by ZAINAL YAHYA.  -  254 words

  • MALAYSIA
    • 672 8  -  By Ismail Kassim in Kuala Lumpur THE Cabinet had ordered the Public Works Department to investigate the Genting landslide tragedy which claimed at least 20 lives. Works Minister Datuk Seri S. Sarny Vellu said on Wednesday. Speaking to the press after the weekly
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    • 215 8 MELBOURNE While most students her age are still attending secondary school, 14-year-old Malaysian Selena Ng has entered her second year at Monash University here. In fact, the younger daughter of Dr Ng Seng Tamg and Mrs Helena Ng, formerly of Klang, Selangor, topped the
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    • 357 8  -  By Kalimullah Hassan in Petaling Jaya MALAYSIA plans to amend the law to allow private institutions and foreign universities to set up campuses in the country in its quest to become a centre of learning. Education Minister Datuk Seri Najib Tun
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  • ASEAN
    • 613 9  -  Banham set to be the new Prime Minister By Sinfah Tunsarawuth in Bangkok THE seven political parties forming Thailand’s next coalition government have agreed on the sharing of Cabinet posts, with Mr Banharn Silpa-archa looking set to become the new prime minister.
      Reuter picture.  -  613 words
    • 243 9 AFP. MANILA US experts will next week carry out an autopsy on a murdered Filipino maid at the centre of a major diplomatic dispute between Singapore and the Philippines, a Foreign Department source said on Wednesday. He said two Philippines National
      AFP.  -  243 words
    • 408 9  -  By Simon Sinaga in Jakarta INDONESIA’S first home-made aircraft the N-250 commuter airplane named Gatotkaca, after an epic hero is set to make its first flight on Aug 10, the government has announced. Before a Cabinet meeting on Wednesday, Research and Technology Minister
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    • 377 9  -  By Leticia Perez in Manila PHILIPPINE President Fidel Ramos has said he is confident that ties between Manila and Singapore, bruised by the execution of convicted Filipino maid Flor Contemplacion in March, would soon be normalised. “I am confident, with the forbearance,
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  • COMMENT / Pick of the week’s editorials
    • 667 10 JULY 6, 1995 RESPONDING to comments on the need for the education system to focus on creativity. Mr Lee Yock Suan put matters in perspective during a parliamentary debate last March. "Our education system has developed in response to pressure from our society which has tended to focus
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    • 668 10 JULY 5. 1995 DESPITE winning the Thai election on Sunday, the Chart Thai party of Mr Banharn Sil-pa-archa is having to prove to minority doubters that it has a moral claim to office to go with the electoral mandate. This is extraordinary, which no election victor
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    • 651 10 JULY 4. 1995 SINGAPORE’S retailers have found it increasingly tough to attract customers. Cavernous shopping malls where sales staff and browsers outnumber actual shoppers are a common sight. But with the economy set to grow more modestly and workers asked to moderate their pay-rise expectations, it means
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    • 785 10  -  By Yeong Ah Seng LAST month, the Sunday Times of London carried a front-page report with the headline: “Scientists find key to prolonging human life”. Yet another sensational hoax, one would have thought. Apparently, it was not so. The conclusion of the Sunday
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  • COMMENT / ANALYSIS
    • 1148 11  -  In a highly competitive society like ours, too generous a safety net for the down-and-out could inadvertently encourage those who could make it on their own to think it less stressful to be poor and let others take care of them. By
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    • 930 11  -  By Chua Huck Cheng THE nature of economic challenges facing Singapore, which Prime Minister Goh Chok Tong mentioned at the opening of the Singapore National Employers Federation conference last week, has brought into sharp relief a rash of recent developments. When
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  • CPF NEWSLINE A CORPORATE NEWSLETTER FOR CPF MEMBERS 03/95
    • 820 12 / 13 This year marks CPF’s 40th anniversary, we have grown from an organisation that provides a simple old-age savings plan to one with 16 different schemes aimed at helping Singaporeans save for their retirement, own homes, pay hospital bills, buy insurance for themselves and their families, as
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    • 553 12 / 13 CPF Services Jurong and Toa Payoh Offices First two CPF branch offices to make it more convenient for members and employers in Jurong and Toa Payoh Bedok Office Set up to bring the Board s services even closer to its users Ang
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    • 94 12 / 13 HUDC flat owners can use their CPF to pay for the land cost of common areas (e g. carparks) and related legal and survey fees when their Housing Board leases are converted to strata titles CPF cannot, however, be used to pay for works
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    • 170 12 / 13 CPF members who turn 55 on or after 1 July 1995 will come under the revised Minimum Sum Scheme (MSS) requiring them to set aside $40,000, comprising up to a maximum of $36,000 in pledged property and the rest in cash from their CPF. When they reach
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    • 116 12 / 13 CPF monies exceeding $1,000 left uninvested in CPF members' Investment Accounts. will be automatically transferred back to their CPF Ordinary Accounts at the end of every quader The first transfer took effect at the end of June 1995 Uninvested funds in the Investment
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    • 151 12 / 13 The topping-up feature an extension of the Minimum Sum Scheme, allows individuals (CPF members and nonCPF members) to set aside money for their own, their spouse's or their parents’ retirement needs Singaporeans and Permanent Residents can use cash or their CPF savings to top-up their spouse's
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    • 9 12 / 13 Higher interest for Special Retirement Accounts 5.07% mimsj BP
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    • 191 12 / 13 To mark CPF's 40th anniversary, CPF members who buy life annuities from approved insurance companies under the Minimum Sum Scheme over the next one year, will receive the Board’s commemorative Transitlink farecard as a souvenir. The farecard will also be given to blood donors at the
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    • 33 12 / 13 2.54 mil 98,000 $9 mil m $60 bil 180,000 w» 13,000 m V 1 m 1955 1995 1955 1995 1955 1995 CPF Membership Employer Population CPF savings
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  • Page 12 / 13 Advertisements
    • 14 12 / 13 A n Inform To He CPF M m b e r s r v
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    • 309 12 / 13 Bouquets from CPF members must thank CPF for settling the claim of $30,000 under the Dependants' Protection Scheme within two weeks' notice of my father's death no agent or tedious paperwork Involved of course!” “Since its start In 1955, every CPF member has greatly benefltted. I think Medisave Is a
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  • INSIGHT A LOOK AT THE ISSUES OF THE DAY BY THE STRAITS TIMES POLITICAL DESK


  • MONEY
    • 7166 16 1995 1966 High Low Company Curr Last Traded Sal# or Vol Day '000 High Lata Or’» Div Nat M CapWt Avg P/C fcnil Price 488 382 m 1 s Acma 50c 478 30 554 480 456 22.5 10.0 6589 444 450 45C t s AM* Hidgs 50c
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    • 396 17 THE Singapore market this week was on an uptrend, rising in anticipation of an interest rate cut by the Federal Reserve Board at its policy setting meeting. When the rate cut came on Thursday, the market surged on Friday. Analysts are expecting this to
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    • 85 17 ST Industrials Index The Straits Times Industrials Index rose 66.71 points on the week to 2159.99. DAY CLOSE TURNOVER Monday 2094.05 (+0.84) 72.033m (J212.463m) Tuesday 2121 48 (+27.43) 154.96m ($391 372m) Wednesday 2128.25 (+6.77) 202 55m ($491 570m) Thursday 2133.65 (+5.40) 144.07m ($390 334m) Friday 2159.99 26.34) 268
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    • 121 18 POSBank has cut its rate for savings deposits of up to $lOO,OOO. From Friday last week, it offers 2.75 per cent a year for deposits of up to $lOO,OOO. The rate for this amount was previously 3 per cent. Balances in excess of that will
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    • 571 18  -  Franchise is among first two agreed upon by China and Britain By Mary Kwang Hongkong Correspondent AN INTERNATIONAL consortium, led by Singapore Airport Terminal Services and Changi International Airport Services, has clinched one of two air cargo franchises at Hongkong’s Chek Lap Kok
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    • 3532 18 CORPORATE RESULTS Net 1 arn FI’S Dale IS IV IV IV (mnpany ann <Sm) (Sm) lets! (fix) UtK Hldgs Max:: F 2007 1 407 46 1 7 \vl1U lull 8 1 6> 446 41 S Ik 478 »1 1 \k\ Hklgs lull 26 f 2 159
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    • 346 18 THE National Productivity Board (NPB) has identified five new business franchise areas with a market potential of more than $5OO million, and will help small and medium enterprises (SMEs) venture into the areas. The five areas are: ELDERLY care services; RESIDENTIAL cleaning and
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    • 190 19 THE former staff of Baring Futures Singapore (BFS) have been dismissed. Sources say the entire dealing and backroom team who used to work with managing director Nick Leeson had their services terminated as at end-June. It is understood that BFS, now under
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    • 501 19 Friday July 7 HK$ ASM Pacilic 6 35 0 050 Allied Ind Inti 0.44 0.03 Allied Oversea 0 74 0 03 Asia Sec Int 2 75 unch Bank of EA 25.75 0 80 C.P Pokphand 2 65 unch CDl. Hotel 4 00 0 05 Cafe De Coral 2 00
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    • 368 19 Manager’s prices for July 8 10 Singapore Unit Trust The Commerce 1 59-168 The Savings Turn) 1.54-163 S pore Prog Turn) 0.63—0.67 S pore Sec fund 0 99-1.05 Spore Invest fund 1.10-1 16xd Spore Equity fund 0.75—0.80 Credit Lyonnais Int’l Asset Mgt Cl AsiaPac Gr fund 2.590 2
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    • 512 19  -  But analysts cautious about outlook for next 6 months By Tammy Tan THE electronics industry expects to see continued strong growth in the coming six months. Manufacturers contacted by The Straits Times are generally upbeat. Some even predict that June-December growth could outperform that in
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    • 142 19 THE Monetary Authority of Singapore (MAS) and China Securities Regulatory Commission (CSRC) plan to sign a memorandum of understanding for greater cooperation in supervising the two countries’ financial markets, said a Chinese official. Mr Li Xiao Xue, director (overseas listing department) of CSRC, said
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    • 157 19 COUNTER RATES Singapore dollars to one unit of foreign currency Buying 00 Selling US dollar I 3869 1.4028 Sterling pound 2.1978 2.2501 Australian dollar 0.9774 1.0071 Canadian dollar 1.0078 1.0312 NZ dollar 0.9250 0.9567 EC unit 1.8810 Singapore dollars to 100 of foreign currency units Austrian schilling 14.0070 14.6474
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    • 118 19 Contract date: 7/7/95 CURRENCY 1 MTH 3 MTH 6 MTH 9 MTH 12 MTH CALI VALUE DATE uss 5* b'4 5'« 4'» 4' 1 4 4^4 11 7 95 AS 6'. 6 i 6 T 6'. 6-’» S' 11/7 95 NZS 8 8 8 7 v« 7*2
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    • 481 20 Joint venture between Stic, Sega and HK’s Grande Group will go regional HOMEGROWN Singapore Technologies Industrial Corporation (Stic) has tied up with Japanese entertainment giant Sega Enterprises and Hongkong’s The Grande Group to build a $5O million high-tech theme park on the East
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    • 380 20 Reuter, AFP. NEW DELHI Fugitive Indi-an-born tycoon Rajan Pillai died in a New Delhi hospital yesterday, the Press Trust of India said. The news agency quoted doctors at the state-run Deen Dayal Hospital as saying that the 47-year-old tycoon died at 6:3 pm New Delhi time
      Reuter,; \ AFP.; Reuter picture.  -  380 words
    • 526 20  -  By Chan Sue Meng FRESH from signing New York’s Plaza Hotel deal, Singapore tycoon Kwek Leng Beng is teaming up with Saudi Prince Al-Waleed bin Talal again this time to explore joint-venture opportunities in China and the Asia-Pacific. The projects are likely
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  • Page 21 Advertisements
    • 849 21 The Straits Times Weekly Edition S'i SS SSftS AHiedSignal ADVANCED MATERIALS AllledSlgnal Laminate Systems Is a wholly-owned business unit of AllledSlgnal Inc, ranked 38 on the Fortune 500. At AllledSlgnal Laminate Systems Singapore Inc, we are driven by our corporate vision to become a premier company, distinctive and successful in
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  • Page 22 Advertisements
    • 877 22 JPMorgan It's the character. O w Beyond capabilities services. That makes J.P. Morgan one of the most exciting financial institutions to work for in the world. Our principles of ethics, respect, teamwork, development, merit and excellence distinguish us as a choice employer. They define a commitment to people founded on
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  • FORUM
    • 570 23 THE report on discipline in schools released by the Singapore Teachers Union (ST, Weekly Edition. July 1) has alerted us once again to the need for some clarity in the management of students. It is debatable whether the behaviour of
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    • 371 23 Dr Tony Tan rejoining Cabinet I WAS deeply touched by the statement from the Prime Minister’s Office that former Cabinet minister Dr Tony Tan will rejoin the Government as Deputy Prime Minister and Defence Minister from Aug 1. Dr Tan was once named
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    • 220 23 THE news of Dr Tony Tan’s return to the Cabinet is encouraging and will be welcomed by all Singaporeans. His contribution in the past as a Cabinet minister, especially in the field of education, is a remarkable achievement that we all appreciate
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  • Page 23 Advertisements
    • 186 23 rAot Li Home Delivery Weekly! A crisp summary of the week's major happenings in Singapore, the newspaper covers news from politics, to business, to investment opportunities and others. What's more, it also offers news on Malaysia and Asean. A convenient tabloid airmailed to you wherever you may be, once a
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  • 505 24 Gradual process of moving away from rote learning SINGAPORE’S education system will move away from the current emphasis on mastery of content to one that will give students more opportunities to acquire thinking and learning skills “This is the emphasis we want
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  • 434 24  -  By Chang Ai Lien POLICE have plugged a loophole which allows motorists under a driving or riding ban to stay on the road by getting a licence for another vehicle type. From now on. motorists who accumulate more than 12 demerit points
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  • 274 24 TEACHERS at the Tampines West Education Centre have been used to seeing double in the past. Now they are seeing triple, too. Last year, the People’s Action Party Community Foundation centre had 17 sets of twins. This year, the number is
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