The Straits Times : Weekly Overseas Edition, 19 August 1995

Total Pages: 24
1 24 The Straits Times : Weekly Overseas Edition
  • 18 1 The Straits Times WEEKLY EDITION SATURDAY, AUGUST 19, 1995 Price: jSl.2o6Mingapore) Elsewhere by subscription only MITA (P) 008/08/95
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  • 807 1  -  But PAP has to be satisfied with 60% of voter support By Paul Jacob Jakarta Correspondent SINGAPOREANS do not want a change of government but the ruling People’s Action Party has to be satisfied with support from around 60 per cent
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  • 345 1 THEY are the nation’s brightest, the President’s Scholars, and three out of four this year are from Raffles Junior College. The three are Mr Chin Chuan Fei, 19, Miss Tracey Ho Chui Ping, 19, and Miss Pang Sze Kim, 18. Mr Shoen Low Choon Seng,
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  • 239 1 EIGHT OFFICER cadets from the army, navy and air force were awarded the Singapore Armed Forces overseas scholarship this year. Deputy Prime Minister and Defence Minister Tony Tan presented them with their ceremonial swords, their certificate of award, and their officer appointment certificate
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  • NEWS FOCUS
    • 637 2 MAN-MADE Singapore, built to fit the needs of the modern world, has to keep adjusting to changes or risk shrivelling on the vine. Senior Minister Lee Kuan Yew has said. This was because the moment it no longer filled a
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    • 335 2 SINGAPORE Democratic Party chief Chee Soon Juan on Thursday invited the Television Corporation of Singapore (TCS) to a dialogue on the “fairness and objectivity of Singapore's broadcast media”. The invitation was made in his reply to TCS, which had asked for
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    • 543 2  -  Three NUS students use modular system to obtain degrees in 2 years By Ng Wei Joo THREE National University of Singapore students have made academic history by graduating with a basic degree in two years. The three, from the Business Administration faculty, achieved their feat with the help
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    • 326 2  -  By Felix Soh THE setting up of the Republic of Singapore Air Force’s Flying Training School (FTS) in Pearce, Western Australia, has given a ASSO million (SSS 2 million) boost to the state’s economy. The spending by Singapore includes: Construction of facilities at the
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    • 368 2  -  By Ginnie Teo A 30-YEAR-OLD man was arrested over the death of his two-year-old son. whose skeletal remains were found in a trash bag dumped in a field near their Circuit Road flat. The child's mother alleged on Thursday that her son died
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    • 592 3  -  By Paul Jacob Jakarta Correspondent PRIME Minister Goh Chok Tong has described SingaporeIndonesia ties as excellent and said he hopes to build on existing links to increase cooperation for the benefit of both countries. In a wide-ranging interview in Singapore last
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    • 394 3  -  By Leong Chan Teik THE price of Certificates of Entitlement (COEs) for mid-sized cars has rebounded by just over $2,000 while open category COEs have fallen by about $5,000. Mid-sized car COEs, which had fallen $6,000 in the past two months, now cost $42,100. Open-category
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    • 504 3  -  By Ben Davidson ZOUK director Lincoln Cheng was on Thursday sentenced to six months’ jail and fined a total of $15,800 on two drug charges and two of having obscene magazines and video tapes. Cheng, 47, is appealing against the jail term
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    • 464 3 TOP civil servants must be beyond reproach morally and always seen to be fair if they want to inspire faith, Mr Lee Ek Tieng, head of the Civil Service, said on Wednesday. Besides providing moral leadership, they must also inspire their subordinates to
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    • 195 3 THE civil service corporate statement sets out its mission, goals and beliefs, and its attitude to customers and to its staff. It exhorts civil servants to “work together for a first-class public service, capable, innovative and forward-looking, one of the best in the world, worthy
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  • HOME
    • 270 4  -  By Tan Ooi Boon BRIGADIER-GENERAL (NS) George Yeo on Tuesday night welcomed the Japanese Prime Minister's apology for his country's past colonial rule and military aggression. The Minister for Information and Arts said Mr Tomiichi Murayama's apology was important. even though he said
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    • 221 4 A JAPANESE tourist was raped in her hotel room in the Mandarin Singapore last week by a man who forced his way into the room. The woman’s friend, another Japanese tourist who was staying in the same room, watched helplessly as the assault went
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    • 322 4  -  By Jimmy Yap READERS of the Chinese-lan-guage daily Lianhe Zaobao will now be able to read it off their computer screens, too. The Internet version will be available from 2 pm on Mondays to Saturdays. The Sunday and public holiday editions will be available on
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    • 536 5  -  More foreigners caught for criminal acts By Tan Ooi Boon OVERALL crime rates fell in the first half of this year when compared with the same period last year, but more foreigners and under-16 year-olds committed crimes. Between January and June, 1,065 foreign
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    • 138 5 PEOPLE with cancer may just give up the fight and choose to die because they have made an Advance Medical Directive (AMD), said Kampong Glam GRC MP Loh Meng See. Mr Loh, who chairs the Government Parliamentary Committee for Health, said this
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    • 548 6 THREE pillars form the foundation of Singapore’s success and Singaporeans should make sure that they remain strong, the Deputy Prime Minister, Dr Tony Tan, said last weekend. Speaking at a National Day dinner at the Sembawang Community Centre, he said that the
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    • 124 6 AFP. BEIJING A painting by Chinese artist Shi Hu has been sold for CSS I million (Ssl.4 million), the largest amount ever paid for a modern Chinese painting, it was reported last week. The painting was sold to a Singapore businessman at an exhibition of Chinese
      AFP.  -  124 words
    • 348 6 MRT trains on time 97 of the time, exceeding target set MASS Rapid Transit (MRT) trains keep to their schedule 97 per cent of the time, according to standards set by the system’s regulatory body, the MRT Corporation. This rate compares favourably with other major mass rapid transit systems such
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    • 1312 6 National Day Awards 1995 The Public Administration Med al (Bronze) (Military) Pingat Pentadbiran Awatr (Gangsa) (Tentera) Lt-Colonel Teo Boon Haw Peter Commander, Sembawang Ail Base; Lt-Colonel (NS) Johnnj Lim, Brigade 2IC. 9th Singapore Infantry Brigade; Lt-Colone Seah Arthur, Commanding Offi cer, School of Military Intelli gence;
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    • 438 7  -  Bandits later release them at cemeteiy By Liang Hwee Ting TWO Singaporean businessmen were abducted, robbed, and later released by three armed bandits along Malaysia’s North-South Highway last week. Veterans in the timber trade, Mr Lai Ren Zhong, 66, and his partner
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    • 585 7 LAWYER Loo Choon Beng has been suspended from practice for three years for reprehensible conduct in a case involving the sale and sub-sale of a house in Lorong 24 A, Geylang. A three-judge court also ordered the 42-year-old lawyer
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    • 541 8  -  Court can order CPF to hold money for spouse By Lim Li Hsien THE Court of Appeal last week upheld a High Court ruling that a court can order the Central Provident Fund Board (CPF) to hold back a person’s CPF money for
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    • 356 8  -  By Chia Yih Peng US COMPANIES are sending more American employees to work abroad and Singapore is one of the frequent destinations, according to a recent survey by the US National Foreign Trade Council (NFTC). Mr Rick Swaak, vice-presi-dent of the NFTC,
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    • 366 8  -  By Wong Hiew Peng FOUR army physical training instructors (PTIs) were accused last week of allowing 27 soldiers to pass their physical fitness tests without having to show up, and some to receive cash awards for doing well. The four men were charged
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    • 595 4 I i International Calling Card Application Notes 1) Applicants must be at least 2' veats of age at the time of application 2) The Gold international Uallmg Card has a quarterly subscription of S$15 Subscription for the first quader is not refundable 3) If you do not have an existing
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  • Page 5 Advertisements
    • 308 5 rv yft "Did you get the sweater from Aunty Clara?" 4 "Yes, mum "And grandma s chicken essence?" > 4 “Yes, mum And I'll take it before I sleep "Make sure you do And did you like the durians I sentl" 4 "Well, I didn't really get them "You mean
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  • Page 7 Advertisements
    • 181 7 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 week. So,
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  • Page 8 Miscellaneous
    • 1243 8 RADIO SINGAPORE INTERNATIONAL (ENGLISH) PROGRAMME SCHEDULES 1100 1400 Hours (GMT) 9530 KHz (31M 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
    • 456 9  -  SQUASH by S. Murali SINGAPORE’S Asian squash queen Mah Li Lian wants to hang up her racket after December’s South-east Asia Games in Chiangmai. Beaten in the qualifying rounds of the Singapore Open championships by Hongkong teenager Rebecca Chiu on Monday, a
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    • 607 9  -  By Tay Cheng Khoon SOCCER WELLINGTON and Jurong Town provided the two minor surprises when the Singapore Professional Football League named the eight teams for its inaugural S-League starting next April. Wellington, which had spurned offers of “marriage” with fellow-northern clubs Gibraltar
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    • 422 9 THE only winning team surprised by the S-League Committee’s approval was Wellington FC, if initial reactions from officials of the successful clubs are anything to go by. Said its manager R. Vengadasalam: “It was unexpected as the odds
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  • MALAYSIA
    • 583 10  -  Land and air routes being used by Indonesians By Angela Goh MANY illegal immigrants to Malaysia now enter the country by land and air, apart from the traditional mode of transport which was by sea. Some entered the country through secret routes,
      Tlmeagraphlc*; Source: Utusan Malaysia  -  583 words
    • 236 10 FORMER Finance Minister Tun Daim Zainuddin on Tuesday resigned as head of the Merbok Umno division in Kedah to "make way for new blood”. However, sources close to him said he would remain as Umno treasurer and economic adviser to the government posts to
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    • 176 10 Bemama. KUALA LUMPUR The Prime Minister’s department on Tuesday denied allegations that the Attorney-General was reluctant to prosecute International Trade and Industry Minister Datuk Seri Rafidah Aziz over a share issue although the AntiCorruption Agency had completed its investigations. Deputy Minister Datuk
      Bemama.  -  176 words
    • 357 10  -  By Chia Yih Peng POPULAR Malaysian singer Ning Baizura has apologised to Information Minister Datuk Mohamed Rahmat for having caused a controversy with her midriff-baring performance in Singapore. Her manager, Mr Adrian Hobbs, speaking on her behalf, told The Straits
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    • 260 10 SUNGAI PETANI Prime Minister Datuk Seri Dr Mahathir Mohamad has rebuked national power company Tenaga Nasional Bhd for frequent power disruptions nationwide and told the company to find out the causes of the breakdowns and reduce such interruptions. The Sunday Star reported him saying
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  • ASEAN
    • 546 11  -  Suharto calls for upward revision of growth rates By Paul Jacob Jakarta Correspondent AN UPBEAT and confident President Suharto, affirming that Indonesia was capable of achieving far more than it had achieved already, said on Wednesday it was on course to realising its target
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    • 263 11 PRESIDENT Ong Teng Cheong and Prime Minister Goh Chok Tong have sent congratulatory messages to President Suharto on Indonesia’s 50th Independence Day on Thursday. Mr Ong, in his message, said Singapore and Indonesia had developed a warm relationship based on shared political, economic and
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    • 167 11 IN A continuing crackdown on the sex trade, Manila police arrested 500 prostitutes from bars in the capital last weekend and discovered that as many as 204 were below 15 years old. In the wake of the arrests. Senator Ernesto Herrera on Monday called
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    • 374 11 Reuter. JAKARTA Indonesia on Wednesday freed three top political prisoners sentenced for their roles in an abortive 1965 communist coup that propelled President Suharto to power. Human rights groups welcomed the release of former deputy prime minister Subandrio, former air force commander Omar
      Reuter.  -  374 words
    • 450 11 Kyodo MANILA The ill-equipped Philippine military has made a list of war material it plans to acquire in the next 15 years to replace rusting equipment and artillery dating back to World War 11, according to a report obtained by Kyodo News
      Kyodo; TliMsgrapMcs  -  450 words
    • 116 11 MANILA All but two members of the 24-member Philippine Senate Health Secretary Juan Flavier and former coup leader Gregorio “Gringo” Honasan are peso millionaires, according to figures they released recently. According to the Philippine Daily Inquirer, topping the list was Senator Juan Ponce Enrile.
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  • COMMENT / Pick of the week’s editorials
    • 675 12 Aug 17, 1995 INDONESIA, which today marks its 50th year of independence, has genuine cause for satisfaction for a job going well. It could easily have remained an unremarkable sprawl of islands, rich in possibilities but unfulfilled. Partly, this is because its historical legacy had been
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    • 659 12 Aug 16. 1995 GOING scripless for the Kuala Lumpur Stock Exchange is a logical progression for Asean’s biggest stock market. A scripless or paperless settlement system, in which changes in the ownership of securities are reflected through book entries, is necessary to match rising investor
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    • 682 12 Aug 14, 1995 ALL those who believe in the fairness of the law will take heart from Chief Justice Yong Pung How’s ruling that it is unsafe to convict a person of sexual offences where there is no independent evidence, though an exception can be made
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    • 999 12  -  By Zuraidah Ibrahim BEWARE a politicking opposition, Home Affairs Minister Wong Kan Seng said recently, making the point that Singapore would be governed better without one. Naturally, opposition supporters will dismiss such sentiments as nothing more than, well, politicking. Nonetheless,
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  • INSIGHT A LOOK AT THE ISSUES OF THE DAY BY THE STRAITS TIMES POLITICAL DESK


  • MONEY
    • 7537 16 INDUSTRIAL AND COMMERCIAL Transaction Date: August 18,1995 I 1995 Curr Last Vol Day Gra Net M Cap Wt Avg High Low Company Traded Sale -for'000 High Low Div P/E $mil Price 498 382 m t s Acma 50c 460 6 8 470 460 22.5 96 634 1
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    • 323 17 THE Singapore market this week saw feverish trading of smaller capitalisation stocks. Brokers said this indicated a switch in interest from Malaysian shares traded on Clob International to more speculative lower liners as the uncertainty over the scripless conversion of Malaysian shares prevailed. The
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    • 79 17 ST Industrials Index The Straits Times Industrials bides rose 26.58 points on the week to 2104.38. DAY CLOSE TURNOVER Monday 2064.09 (-13.71) 169.84m ((460 386m) Tuesday 2062.55 1.54) 177.25m ((415.518m) Wednesday 2053.23 9.32) *****m ((359.227m) Thursday 2075.57 22.34) 183.92m ((350.316m) Friday 2104.38 (+28.81) 187.76m ((423.052m) BT— -MGA Index
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    • 589 18  -  By Chan Sue Meng DBS Bank last week surprised sceptics and reported group net earnings of $272.1 million for the first half of this year, an increase of 16.1 per cent over the same period last year and slightly above market expectations. Like some
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    • 3314 18 CORPORATE RESULTS Net Farn EPS Dale n LA IA I.A nmpany unn (Sin) (Sin) lets) lets) \BR Hldgs Mas 22 F 2007 1 40’ 46 .3.2 Aetna Jun 8 F 65.946 ***** 478 31 3 Alex Hid» Jun 26 P 2 159 12 421 7.2 62.1
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    • 120 18 DBS Bank president Patrick Yeoh (right) will retire from the group at the end of this year. In a statement last Saturday, DBS said Mr Yeoh’s decision to stay until yearend was by mutual agreement. Mr Yeoh, 58, joined the bank as assistant manager in 1969
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    • 340 18 TAT Lee Bank has chalked up a 5-per cent increase in group net profits to $28.3 million, turning in what is probably the worst set of results among the local banks for the first half of this year. It was
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    • 594 19  -  By Chan Sue Meng OVERSEAS Union Bank (OUB) group net earnings rose 18.8 per cent to $116.3 million in the first half of this year. This was attributed to strong treasury earnings and a cautious strategy on deposits. But while the
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    • 452 19 Friday August 18 HK$ ASM Pacific 6 90 -I 0 100 Allied Ind Int'l 0 47 unch Allied Oversea 0 60 unch Asia Sec Int 2.60 unch Bank of EA 24 30 -0.20 C P Pokphand 3 00 0.02 CDL Hotel 3.73 0.02 Cafe De Coral 1 79 0.01
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    • 405 19 Manager’s prices for August 21 Singapore Unit Trust The Commerce 1.55-1 64 The Savings Fund 1.50-159 S pore Prog Fund 062-0 66 S pore Sec Fund 0 91—0 97*d S pore Invest Fund 106-1.12 S pore Equity Fund 0.75-080 Credit Lyonnais Int'l Asset Met Cl Asia Pac Gr
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    • 361 19  -  By Tammy Tan MANAGEMENT changes involving nine key positions in Singapore Telecom have taken place since the group’s flotation in 1993, heralding what analysts term as “a new era in the company”. The latest changes to the group’s top management include
      Timesgraphics; Source: Singapore Telecom  -  361 words
    • 155 19 COUNTER RATES Singapore dollars to one unit of foreign currency Buying 00 SeSng US dollar 1.4113 1.4274 Sterling pound 2.1608 2.2126 Australian dollar 1.0219 1.0528 Canadian dollar 1.0297 1.0537 NZ dollar ***** 0.9301 EC unit 1.8224 Singapore dollars to 100 of foreign currency units Austrian schilling 13.3474 13.9402 Belgian
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    • 113 19 Contract data: 18/8/95 CURRENCY 1 MTH 3 MTH 6 MTH 9 MTH 12 MTH CAU VALUE DATE USS 54 54 54 54 54 44 22/8/95 AJ 64 7 74 74 74 54 228/95 NZ$ 8 8 74 74 74 7 22/8/95 STG 6 6 1 6^8 6
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    • 617 20  -  Newspapers ‘likely to hold on to 54.3 per cent market share’ By Chan Hwa Loon FOR the first time since such figures were compiled, total advertising expenditure in Singapore this year is likely to slow to a single-digit growth rate, reflecting
      Timesgraphics; Source: Survey Research |ingyore and various others  -  617 words
    • 451 20 SEVERAL influential Indonesian businessmen, including a son of President Suharto, Mr Bambang Trihatmodjo, and Mr Johannes Kotjo of Van der Horst fame, are poised to make a conditional offer to take over L&M Group Investments at $1.45 per share. The group also includes Mrs
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    • 183 20 THE Port of Singapore Authority (PSA) handled 17 per cent more container boxes in the first half of this year than in the same period last year. This came to 5.7 million Twenty-foot Equivalent Units (TEUs), compared to 4.9 million TEUs previously. Its chief
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    • 291 20 SINGAPORE Telecom’s total value added last year grew 11.8 per cent to $2.6 billion, representing a contribution of 2.5 per cent to the nation’s Gross Domestic Product (GDP). This was in line with its previous year’s contribution of 2.6 per cent to 1993’s GDP.
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    • 357 20  -  By Koh Keat Kian SESDAQ-LISTED Horiguchi Engineering’s chairman has sold out her entire stake to a Malaysian individual and a Malaysian company Ho Wah Genting Bhd. Confirming market speculation, chairman, managing director and founder Kimiko Kasuya on Monday announced that she had
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  • Page 21 Advertisements
    • 861 21 W >rt\ The Slraits Times Weekly Edition W' c .5* >r 7 V Resources With NOL, you will discover a world of opportunities opening around you. Be at the forefront with our dynamic organisation. NOL, an international transportation company, has one of the most sophisticated transport networks in the world.
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  • Page 22 Advertisements
    • 865 22 MINISTRY OF EDUCATION Applications are invited for the appointment of Education Executive Officer, Gr V (Division I) Entry Qualifications Remuneration Monthly Starting Salary (Gross) Honours Degree Pass Degree (with Merit): Pass Degree Without NS $lB5O pm (Gross $1977 pm) $l6OO pm (Gross $1716 pm) $1485 pm (Gross $1596 pm) Completed
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  • FORUM
    • 636 23 IT IS totally irrelevant whether the SDP had called for a debate with the PAP before William Safire came into the picture (“SDP will be the voice of the ordinary Singaporean”, Aug 12). The fact remains that Dr Chee wanted
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    • 236 23 I AM glad that Dr Chee Soon Juan is prepared to go to Williams College to “stand up” for Singapore. May I advise that he do so without conditions. Singaporeans should stand up for Singapore unconditionally. He may first like to write to Mr
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    • 611 23 WITH reference to Mr Chia Shi Teck’s letter, the Singapore Democratic Party did not say that it will go to Williams College “only if” the PAP debates it. To avoid any confusion, the SDP reiterates: if invited, the SDP will go to
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    • 455 23 I REFER to Dr Chee Soon Juan’s reply to Mr Chia Shi Teck (“No consensus when people are afraid to speak”). All Mr Chia wanted were some focused, simple answers. Instead, Dr Chee’s reply was his trademark lengthy discourse. Twice Singapore came
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    • 505 23 I REFER to your excellent leader on "Criminal lawyer wanted" where there are many thoughtful suggestions on alleviating the paucity of criminal lawyers in Singapore. May I refer specifically to one of the suggestions which is that the NUS law faculty should give
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  • 570 24 Appreciation of S$ against greenback propelled rise THE wages of Singapore production workers in the manufacturing sector rose by nearly 20 per cent last year when measured in US dollars and this was the highest growth rate in the world according to
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  • 482 24  -  It will help developers respond better to changed market conditions By Ann Williams THE Government may allow developers to convert the state land they buy to other uses so they can better respond to changed market conditions, said National Development
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  • 251 24 LISTED companies and their subsidiaries will henceforth have to disclose more details on what they pay their directors in their annual reports for financial periods which started on June 1. The Stock Exchange of Singapore, which announced this last week, said the move
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