The Straits Times : Weekly Overseas Edition, 23 September 1995

Total Pages: 24
1 24 The Straits Times : Weekly Overseas Edition

  • NEWS FOCUS
    • 470 2 Republic’s strength is in its human resources SINGAPORE, with an average wealth of U *****,000 (*****,250) per person, has been ranked 23rd in a new World Bank study to gauge the wealth of countries. Despite the absence of natural resources here, the Republic was
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    • 488 2  -  By Paul Jacob PRIME Minister Goh Chok Tong said yesterday that Singapore and Indonesia had a stake in each other’s economic development and prosperity, and could attain more by continuing to work together lySpeaking at the opening of the Indonesia-Singapore Exhibition at Suntec City,
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    • Article, Illustration
      420 2  -  Singaporean and Malaysian jump to safety MAS PLANE CRASH IN TAWAU By David Miller in Tawau, Sabah SINGAPOREAN David Tan said he knew the ill-fated Malaysia Airlines (MAS) plane was about to crash when it suddenly nosedived towards the runway in Tawau, Sabah, on Friday last week. Thirty-four
      Picture by DOMINIC WONG.  -  420 words
    • 724 3  -  By Brendan Pereira IT WOULD be against public policy for the High Court to enforce a Syariah Court order giving a divorced woman the matrimonial home, said Justice Judith Prakash. To do this would give the impression that the High
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    • 507 3  -  By Brendan Pereira SINGAPORE has been rated Number 1 in Asia again in the administration of justice, according to the World Competitiveness Report 1995. The report, published by the Swiss-based World Economic Forum, ranked the Republic’s legal system ninth
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    • 273 3 IHT defamation suit HIGH COURT judge Goh Joon Seng on Thursday ordered the International Herald Tribune to pay costs on an indemnity basis to three top political leaders the newspaper had defamed in an article last year. The Paris-based newspaper will
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  • HOME
    • PM Goh at Williams College
      • 734 4  -  ‘Successful country must have strong government backed by the people’ Reports: Bertha Henson and Zuraidah Ibrahim Pictures: Chew Seng Kim WILLIAMSTOWN Sustained economic growth is dependent on many factors, but chief among them is whether the country has a strong government that is
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      • 913 4 MR GOH Chok Tong said last Saturday that he had become firmer in his handling of political debate in Singapore as he was now at the helm of the Government and had to ensure that the country moved in
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      • 845 4 THE alternative panel discussion held by those opposed to the conferring of an honorary degree on the Prime Minister on Friday last week was reminiscent of an opposition rally during election time in Singapore. Chaired by political science professor
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      • 749 5 PRIME Minister Goh Chok Tong on Sunday came face to face with his chief critic, Dr George Crane, and issued him this challenge: Would the lecturer answer to Singaporeans if the country went his way and collapsed? In a stern
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      • 667 5 THE autumn weather at Williams College on convocation weekend was mild the students even milder. After a week of impassioned meetings on how to protest against the college’s decision to confer an honorary degree on Mr Goh Chok Tong, they chose quiet symbolism over loud
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      • 1094 6 On Aug 30, The Washington Post published an Op-Ed article by Dr George Crane criticising the decision of Williams College to confer an honorary degree on Mr Goh Chok Tong. On Sept 5, Mr S. R. Nathan, Singapore’s Ambassador to the United
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      • 576 6 Chee: Don’t believe everything Safire writes SINGAPORE Democratic Party leader Chee Soon Juan said on last Saturday that the opposition in Singapore faced tremendous problems “entrenching democracy” in the country but this was a battle that Singaporeans must fight on their own. “Like you, we
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    • 308 6 THE ideal society is one with a friendly populace, a safe environment and political stability, in that order, according to a survey of 200 Singaporeans. Next on the list: environmental friendliness and racial equality. Technological progress and gender equality came in
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    • 388 7  -  UN Conference on Women By Tan Tarn How China Correspondent BEIJING The under-repre-sentation of Singapore women in positions of power was a result of their own choice rather than sexual discrimination, a Singapore delegate to the Fourth UN Conference on Women said. “It’s not
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    • 355 7  -  By Annabelle Lim WHEN Miss Susan Teo, 37, became an electrical engineer, she never thought it would one day mean her face appearing all over the world. But that is what is going to happen. She will appear in magazines like Time and Newsweek,
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    • 391 8  -  Hawkers can buy cheaper ingredients in bulk By Raoul Le Blond NTUC has set up a co-operative to sell food cheaply at coffee shops, after unionists complained about rising prices at food centres. Hawkers who join the co-op, Food fare, can buy their ingredients
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    • 269 8  -  By Tan Hsueh Yun THERE was no riding off quietly into the sunset for Michael and Sonya Fong as they set off on their threeyear round-the-world trip by motorbike. More than 100 bikers on gleaming Honda Goldwings, Harley-Davidsons and Piaggio scooters accompanied
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  • Page 7 Advertisements
    • 192 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
    • 1258 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 4 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
    • 576 9  -  World’s second-most important circuit to start in Asia By Tay Cheng Khoon GOLF SINGAPORE will be the first stop for the 19% European golf tour. The circuit tees off with the Johnnie Walker Classic at the Tanah Merah Country Club from Jan
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    • 482 9  -  Women footballers and relay squad also axed By Thomas Koh BADMINTON took the unkindest cut of all when the Singapore National Olympic Council’s Selection Committee met on Tuesday to name the contingent for the Dec 9-17 Sea Games, to be held in Chiangmai
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    • 183 9 LAU TENG CHUAN, the newlyappointed secretary-general of the Singapore National Olympic Council, has made the Spex 2000 the Government’s sports excellence scheme his top priority. His appointment, with effect from Oct 1, was announced on Tuesday by SNOC president Dr Yeo Ning Hong. Lau intends to
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    • 381 9  -  By Brian Miller The New Paper. IT took her just 133 seconds to ride into record books as the first woman jockey ever to win the Singapore Gold Cup on Sunday. But for New Zealander Kim Clapperton, it was probably the most nerve-wracking 133 seconds
      The New Paper.  -  381 words
    • 524 9  -  By Malcolm Bastians FIRST the good news. The Singapore Turf Club thinks it is possible for the $650,000 Singapore Gold Cup, the richest race on the local circuit, to be recognised as an international race in the future. The
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  • MALAYSIA
    • 456 10  -  By Ismail Kassim in Kuala Lumpur PRIME Minister Datuk Seri Dr Mahathir Mohamad on Thursday criticised the attitude of some Umno leaders who felt that they could remain in their government posts forever. He reminded them that this was not possible
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    • 171 10 NST. SUNGAIPETANI Economic adviser to the government and Merbok MP Tun Daim Zainuddin has announced he will not defend his divisional ehiePs post to prevent disunity in the Merbok Umno division. He also said on Wednesday that his decision was also to pave the way
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    • 289 10 TEMERLOH The 10 wives of jailed Singaporean preacher Abu Talib Harun were awarded custody of their children by the Juvenile Court which had earlier granted it to a Malaysian writer while the women were serving prison sentences, Harian Metro reported on Tuesday The
      Harian Metro picture.  -  289 words
    • 250 10 Bernama. FORMER Malaysian Chinese Association president Tan Koon Swan, 54, (left) succeeded on Tuesday in his application in the High Court here to discharge himself from bankruptcy. The order to annul and rescind a High Court order declaring him a bankrupt in June 1988
      Bernama.  -  250 words
    • 361 10 NST. KUALA LUMPUR A Malaysian scientist working abroad has been offered MslB,ooo (S$10.300) a month to return and work at home as part of efforts by the government to woo scientists to serve the country. Science, Technology and Environment Minister Datuk
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  • ASEAN
    • 719 11  -  Osaka meeting must achieve Bogor aims, they agree By Paul Jacob in Nusa Dua, Bali PRESIDENT Suharto and Australian Prime Minister Paul Keating agreed on Sunday that the momentum towards ensuring free trade in the Asia-Pa-cific must be maintained by the region’s leaders
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    • 267 11 VIETNAM joined the Asean Inter-Par-liamentary Organisation (Aipo) on Tuesday when its five founding members voted to admit the socialist state. In a symbolic ceremony during the first plenary session of the 16th Aipo general assembly, representatives from the Vietnamese National Assembly were invited to take
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    • 368 11  -  18% increase in spending to boost the economy By Sinfah Tunsarawuth in Bangkok THAI Prime Minister Banharn Silpa-archa on Wednesday presented his government’s first Budget to Parliament, proposing to spend 843.2 billion baht (5546.8 billion) in an effort to keep the economy robust. Opposition leader Chuan
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    • 526 11  -  President condemns burning of flags by Filipino protestors UAE Filipino maid case By Leticia Perez in Manila PHILIPPINE President Fidel Ramos on Wednesday named a special envoy to plead the case of Filipino maid Sarah Balabagan, sentenced to death in the United
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    • 230 11  -  By Nirmal Ghosh Manila Correspondent ALMOST half of Metro Manila’s young people live in homes with either a single par ent or no parents, according to a survey. Sixty-nine per cent of those with two par ents had working mothers, it said. “We may
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  • COMMENT / Pick of the week’s editorials
    • 667 12 SEPT 22, 1995 WITH a world-class airport and port, it is but natural that Singapore should seek a worldclass land transport system as well. In making that the theme of his speech at the inauguration of the Land Transport Authority (LTA) last week, Communications Minister Mah
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    • 669 12 SEPT 21, 1995 MR GOH Chok Tong’s visit at the weekend to Williams College, his old university in Massachusetts, was to be rich with nostalgia. An old boy who came up in the world had come to be honoured, in part for having applied what he
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    • 671 12 SEPT 19, 1995 ARE the stunning expectations of junior college students, as revealed in a survey, merely harmless adolescent castles-in-the-air that will come down to earth in the harsh sunlight of adulthood? Perhaps. But it is prudent not to treat the poll, done for a Nanyang Technological
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    • 799 12  -  By Alan John LISTEN to this job description: The candidate must have excellent people skills, be competent in the profession, and have a grasp of technology. He or she must have the ability to see the big picture, yet be prepared to
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  • COMMENT / ANALYSIS
    • 1108 13  -  By Tan Sai Siong IF THERE is one topic that is an evergreen with every adult Singaporean besides a sure-fire tip on how to make big money quick it must be speculating on when the next general election
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    • 986 13  -  By Chua Mui Hoong THE porter, bellboy, toilet attendant, driver and guide all expected it. Tipping, that is. They showed it in different ways: by expectant looks, outstretched hands or an extra-solicitous manner that could be switched on and off at will.
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  • INSIGHT A LOOK AT THE ISSUES OF THE DAY BY THE STRAITS TIMES POLITICAL DESK
    • 961 14  -  THINKING ALOUD Asad Latif THE controversy over Williams College’s decision to honour Prime Minister Goh Chok Tong boils down to a desire to scrutinise Singapore’s political record with the same eagerness that its economic achievements are praised. It would be wrong to
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    • 810 14 What have Prime Minister Goh Chok Tong, Mother Teresa, South African President Nelson Mandela, singer Barbra Streisand and boxer Mike Tyson have in common? They are all recipients of honorary degrees from universities. So what is this tradition all about? Why are such
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  • Focus
    • 1668 15 It has been four months since Brigadier-General (NS) Hsien Yang became the president and CEO of Singapore Telecom. In an interview with Kenneth James of Business Times, he talks about the challenges that loom ahead for Telecom and his management style. HE represents
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    • 436 15 BEING an engineer. Brigadier-General (NS) Lee Hsien Yang readily grasps the plethora of technologies and products that come his way. “The industry is a fascinating one to be in because there are so many new devices. One can try a new phone or
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    • 839 15 Brigadier-general (NS) Lee Hsien Yang sees a parallel between what lies ahead for his generation of Singaporeans and their children, and what Singapore Telecom itself faces. “I think the challenge for Singaporeans is much like the challenge for Singapore Telecom,” he says. “It’s
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  • MONEY
    • 7322 16 1995 High Low Company Curr Lost Traded Sato -forVol '000 Day High Low Qr’a Div Nat P/E M Cap Wt Avg Smil Price 210 180 Acer 50c US 190 wi 2 1478 191 186 129 314.5 520 382 ml Acme 50c 505 cd 5 201 505 500
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    • 336 17 THE week started on a quiet note which built up to a renewed speculative fervour in rotational stocks. Counters taken over or in the process of being taken over by Indonesians were the main stars of the week, such as Asiamatrix, L&M Group Investments and
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    • 87 17 ST Industrials Index The Straits Times Industrials Indei down 31.21 points on the week to 2108.39. DAY CLOSE TURNOVER Monday *****2 (-23.75) *****m (J249.266m) Tuesday 2110.40 (-5.52) 113 78m ($246 287m) Wednesday 2109 70 0 70) 159.32m ($255 354m) Thursday 2106.37 3.33) *****m ($327.704m; Friday 2108 39 (+202)
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    • 625 18  -  This would help reduce impact of China-US tension on region By Tan Kim Song SENIOR Minister Lee Kuan Yew on Wednesday called on Europe to be a full partner in East Asia’s economic growth, saying this would bring greater
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    • 2801 18 CORPORATE RESULTS iunpany Date ann Net Kara TY LV (Sm) (Sm) KPS TY LY (clx) (cl*) \BK Hldgs Aug 15 1 0.364 1 109 0.8 2.5 Acma Sep 11 l k 202 5 716 20 8 35 5 Alex Hldg, Aug 28 F 2 159 12
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    • 294 18  -  By Douglas Wong ENTREPRENEURIAL companies cannot hope for a level playing field but must create new markets and customers, said the founder of homegrown marketing-based Wywy Group on Tuesday. Like other East Asian economies, Singapore was dominated first by colonial conglomerates and later
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    • 313 19 PROPERTY tycoon Ng Teng Fong, who recently won the battle to retain control of food and beverage group Yeo Hiap Seng (YHS), on Wednesday announced he was looking to place out some YHS shares. An Orchard Parade Holdings (OPH) statement said its
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    • 435 19 Friday Sept 22 HK$ ASM Pacific 7.90 0.200 Allied Ind Int'l 0.39 -0.01 Allied Oversea 0.56 unch Asia Sec Int 2.50 -005 Bank of EA 24.50 unch C.P Pokphand 3 25 unch CDL Hotel 3.50 -0.02 Cafe De Coral 1.75 -0.04 Cath Pac Air 11.65 0 10 Century City
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    • 424 19 Managers’ prices for Sept 25 Singapore Unit Trust The Commerce 1.55-164 The Savings Fund 1 50—1 59 S pore Prog Fund 0.59-063 S pore Sec Fund 0 91—0.97»d S pore Invest Fund 1.06—1 12 S pore Equity Fund 0.75-0 80 Credit Lyonnais Int'l Asset Mgt CL Asia Pac
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    • 525 19  -  By Sim Wai Chew COMMUNICATIONS Minister Mah Bow Tan on Friday last week urged shippers here to discuss with the Port of Singapore Authority (PSA) their requirements and enter into agreements early in order to reap the full benefits when new
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    • 414 19  -  By Narendra Aggarwal HOME-GROWN Thakral group with an annual turnover approaching $2 billion, has firmed up plans to list its Hongkong and China operations on the Stock Exchange of Singapore, with a public issue of over US$lOO million, after Deepavali. Thakral Corporation, the
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    • 143 19 COUNTER RATES Singapore dollars to one unit of foreign currency Buying X SHKn( US dollar 1.4232 1.4404 Sterling pound 2.2418 2.2986 Australian dollar 1.0518 1.0844 Canadian dollar 1.0470 1.0720 NZ dollar 0.9298 0.9624 EC unit 1.8885 Singapore dollars to 100 of foreign currency units Austrian schilling 13.9294 14.5740 Belgian
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    • 134 19 Contract date: Sept 22, 1995 CURRENCY 1 MTH 3 MTH 6 MTH 9 MTH 12 MTH CALL VALUE DATE USJ 5V« 5 Vi 5 V 4 5'i 5 4 Vi 26/9/95 A$ 7 7 7 6 Vi 6V* 5*4 26,3/95 NZS 8 Vi 8 Vi 8 Vi
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    • 592 20  -  By Kalpana Rashiwala and Edna Koh THE developers of Suntec City are considering how to go about selling a second office tower. Suntec City Development chairman Tan Sri Frank Tsao said in an interview on Wednesday that a decision on whether
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    • 431 20  -  By Chan Sue Meng SCOTTISH investment group Murray Johnstone Ltd is moving the management of US$lOO million (Ssl4s million) worth of funds, including a London-listed unit trust, to its newly set-up Singapore office. The Glasgow-based group is the latest to show interest
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    • 465 20  -  By Tan Sai Siong THE Stock Exchange of Singapore has failed in its bid to become an alternative to the eight local banks appointed by the CPF Board to look after CPF savers investments under the Basic and
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  • Page 21 Advertisements
    • 864 21 X; y; x.x-:, llie Straits Times Weekly Edition Sentosa is the region's leading tourist attraction and a favourite recreational playground for Singaporeans. Staying ahead as the market leader requires a proactive management team able to rise up to the challenges of a highly competitive and rapidly changing environment. We hlv
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  • Page 22 Advertisements
    • 845 22 IfIUG NTUC CLUB with a membership strength of 230,000 is looking for dedicated individuals for the following positions: CLUB GENERAL MANAGER (Membership Services Division) The Job: Reporting to the CEO, you will assume a key role in providing leadership, direction, strategy for the overall administration and operations of the membership
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  • FORUM
    • 1037 23 Vital to attract able people into the profession I REFER to the articles ‘‘Profile of Singapore engineer must be raised” by Sia Cheong Yew (ST Weekly Edition, Sept 2) and “Why engineering is not top choice of ambitious" by Chin Soo Fang (ST
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    • 641 23 TAN Tarn How’s report, “Singapore women 'shun power by choice’” (page 7), highlighted the opinion of one Singaporean delegate to the Beijing UN Conference on Women who believed that the underrepresentation of women in senior positions in Singapore was
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    • 512 23 I ASKED Dr Chee Soon Juan (ST Weekly Edition, Aug 19) to state whether he disagreed with Mr William Safire that Singapore was a “despo-nepotism”, with a “corrupt judiciary” who are “black-robed enforcers of conformity”; that Francis Seow was an “exiled Singapore dissident...
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  • 779 24  -  Accords boost cooperation in civil aviation and military training By Paul Jacob SINGAPORE and Indonesia strengthened cooperation in civil aviation and military training with the signing of two agreements on Thursday. Indonesian Communications Minister Haryanto Dhanutirto and Defence and Security Minister Edi Sudradjat said in separate
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  • 633 24  -  Paul Jacob. PRESIDENT Suharto on Thursday underscored Indonesia’s commitment to global cooperation and the free-trade process, assuring Europe in particular that moves to establish regional and Asia-Pacific-wide trade areas would not result in exclusionary trade or economic blocs. In a keynote address
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