The Straits Times : Weekly Overseas Edition, 14 October 1995

Total Pages: 23
1 24 The Straits Times : Weekly Overseas Edition
  • 20 1 The Straits Times WEEKLY EDITION SATURDAY, OCTOBER 14, 1995 Price: 551.20 (in Singapore) Elsewhere by subscription only MITA (P) 008/08/95
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  • 670 1 Business hub in Tanjong Pagar Hotel, entertainment centre at Bugis TANJONG Pagar will be developed as a financial and business hub, while Bugis will be the next hotel and entertainment centre, in the Government’s vision for the existing downtown area. Briefing reporters on
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  • 134 1 “Every armed force believes it ought to upgrade. For years I told the Singapore Armed Forces, which wanted submarines: 'You are crazy. These are shallow waters. You will easily be detected and bombarded with depth charges.* “But well, OK. Here is the Swedish submarine. The economy
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  • 636 1 CHINA’S national unity cannot be subordinated to its economic needs and anything that threatened its unity would be construed as a hostile act giving cause for war, said Senior Minister Lee Kuan Yew. Thus, China had responded "ferociously” in its
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  • NEWS FOCUS
    • 713 2  -  Charged in court with corruption involving sl2m By Elena Chong PUBLIC Utilities Board deputy chief executive officer (Operations) Choy Hon Tim, 58, who was charged in court last Saturday with corruption involving HK$6O million (Ssl2 million), absconded from Singapore soon after the
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    • 523 2  -  Share placement ‘contraiy to 1957 family settlement’ By Brendan Pereira THE Jumabhoy clan has been thrown into further turmoil, with its 97-year-old patriarch, now leading a court action against Scotts Holdings chairman Ameerali Jumabhoy and his sons, Rafiq and Iqbal. The
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    • 386 2  -  By Lim Li Hsien A BEIJING woman will not get more maintenance from her Singaporean ex-husband, a High Court judge ruled on Tuesday. She will also not get the family home, the family company shares and his other assets. Instead, former tour
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    • 613 3  -  North-East MRT line By Geraldine Yeo and Lee Yee Hwa THREE out of four Singaporeans interviewed said they did not mind paying higher fares if it meant the NorthEast MRT line could be built earlier. All but one of
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    • 683 3  -  By Tan Tarn How China Correspondent Lianhe Zaobao SHANGHAI Singapore and China have arrived at a definite degree of mutual understanding and trust on the Suzhou Industrial Park something which was not present when the project began last year, said Deputy Prime
      Lianhe Zaobao; picture by WOO FOOK LEONG.  -  683 words
    • 355 3 NSman killed on ECP THE 18-year-old youth, Yong Kar Seong, who lost control of his car on the East Coast Parkway and killed a national serviceman, was sentenced to 30 months in jail and banned from driving for life. District Judge
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  • HOME
    • 533 4  -  Political stability ‘critical to country’s continued success’ By Chua Mui Hoong THE opposition here must recognise that Singapore is vulnerable and must operate within the constraints imposed by such fragility, said Mr Chiam See Tong on Monday. Political stability was critical to the country's
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    • 636 4 A 40-YEAROLD Singapore woman has been singled out by two Philippines newspapers for taking care of her Filipino maid who is now in hospital with a protracted fever, which doctors suspect may be caused by a brain tumour. Madam Lim Fung Geok, a lecturer in
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    • 340 4 RESIDENTS in several parts of Singapore were jolted out of their sleep by earth tremors at about 2 am last Saturday. Madam Fong Choon Ying, a 57-year-old housewife who lives in Jurong West, said in Hokkien: "The first jolt
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    • 481 5  -  By Raoul Le Blond FREEDOM of navigation and transit rights for ships from all countries must be maintained in the waters of the Singapore Straits. This is especially so with the growth of the economies of South-east and East Asia
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    • 178 5 THE Republic of Singapore Navy aims to compile a complete profile of the waters and seabed around Singapore that will be accurate in every detail down to the last rock. This will allow the Navy to detect any possible sea mines lurking in the
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    • 729 5 DR HO Yew Ming, second adviser to Bukit Gombak grassroots groups and widely seen as a potential People’s Action Party candidate for the ward, died suddenly on Tuesday. The 44-year-old general practitioner was found lying face-up and motionless on a bed at the upper
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    • 489 5  -  By M. Nirmala PRINCIPALS must run schools by leading people, producing results and answering to shareholders the way CEOs run large organisations, said Mr John Yip, Director of Education on Friday last week. “Those in society are your shareholders,” he said at the
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    • 337 5 A FORMER senior agency manager who sued Prudential Assurance Company for wrongful termination has settled the case out-of-court for $l.l million. On Monday, Mr Khoo Teng Hooi, 71, dropped his High Court action which was originally fixed for hearing for two weeks. He
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    • 498 6  -  By Yeow Pei Lin FOUR years ago, he had a road accident, and the head injuries left him in a coma. When he woke up a month later, Benjamin Chong, who was then 14. could not talk, write or walk. He could hardly open his
      Picture by ALPHONSO CHAN.  -  498 words
    • 273 6 A DENTIST was last week fined $2,000 for committing mischief against a colleague. Jennie Shue Yoke Shien, 39, who is also the Senior Registrar of the Department of Orthodontics, Government Dental Clinic, was fined for forging the name and signature of dentist Mimi Yow, a
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  • Page 4 Advertisements
    • 47 4 SEND FLOWERS TO SINGAPORE AT THE LOWEST COST IN THE WORLD SINGAPORE FIRM INTERNET ON-LINE FLORIST You could send flowers/gifts to your loved one back home. See the actual design before you order, there are 50 designs, from $40.00 onwards. look into joaquim home page... http:!l www.gs.com.sg/joa4juun/
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  • Page 6 Miscellaneous
    • 1249 6 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
    • 642 7  -  Ben Tan puts career on hold for a year to train full time YACHTING By Shirlynn-Ho Pereira FOR Benedict Tan, 24 hours in a day is not enough. Time is a precious commodity now that Dr Ben Tan, the medical doctor,
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    • 367 7  -  Hectic schedule could prevent another nine-gold medal haul By Shirlynn H©-Pereira. JOSCELIN YEO’S hopes of repeating her spectacular nine-gold medal haul in December’s South-east Asia Games in Chiangmai could be thwarted by the host. Thailand, organisers of this year’s Games, has decided on a swimming programme
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    • 269 7  -  By S. Murali BOWLING ELAINE YONG became the first Singapore woman bowler to achieve a per feet game after she reeled off 12 consecutive strikes at the Amateur Tenpin Bowling Club Championship last Saturday. The 42-year-old businesswoman scored a per feet 300 in
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  • MALAYSIA
    • 407 8 Regulations to be amended so that shows can be broadcast, says minister Bernama. KUALA LUMPUR The government has agreed to allow television stations in the country to broadcast costume dramas, just a week after defending the ban on the popular Chinese serial. Justice
      Bernama.  -  407 words
    • 384 8 NST. KUALA LUMPUR Major Emilia Kamarudin. the only woman fighter pilot in Malaysia, prefers the life of a combat pilot rather than that of an instructor because it gives her more time for her three children. "Instructors have to teach in
      – NST.; NST picture.  -  384 words
    • 491 8 NST. KUALA LUMPUR All pri-mary-school pupils will learn Chinese and Tamil when the new term begins in December, Education Minister Datuk Seri Najib Tun Razak has said. He said that the two subjects would be part of the pri-mary-school timetable rather
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    • 219 8 PETALING JAYA A joyride turned into a nightmare for a 33-year-old systems manager and her family on their first trip on the KTM electric commuter train. According to The Star on Wednesday, Madam Sharifah Hashimah Syed Idrus was hit by sparks and choked on gas.
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  • SOUTH-EAST ASIA
    • 428 9  -  By Lee Siew Hua Bangkok Correspondent FORMER Prime Minister Kukrit Pramoj, lhailand’s most respected international statesman, died on Monday after several months in hospital. He was 84. He was admitted in a critical condition in March and his body systems deteriorated steadily, especially his
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    • 534 9  -  By Paul Jacob Jakarta Correspondent BALIKPAPAN (East Kalimantan) An annual meeting on the South China Sea ended here on Thursday with participants agreeing that governments should give “positive consideration” to cooperative projects which could help reduce the risk of confrontation
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    • 369 9 Reuter. BANGKOK Thai Prime Minister Banharn Silpa-archa on Monday ruled out a widely speculated Cabinet reshuffle and blasted critics of his three-month-old administration, who alleged that it was incompetent. His seven-party coalition government has been rocked by internal strife within his core Chart Thai
      Reuter.  -  369 words
    • 115 9 AFP. MANILA A councillor here wants advertisements for underwear banned because they allegedly incite rape and other sex crimes, newspapers reported on Tuesday. Manila Councillor Humberto Basco called for a resolution demanding that advertisements for underwear, stockings and sanitary shields be banned
      AFP.  -  115 words
    • 65 9 Sergeant Nikorn Phasuk shows his steps as he entertains motorists while directing the morning traffic in the outskirts of Bangkok on Tuesday. The sergeant is one of a small group of dancing policemen who are trying to change the negative image of Bangkok’s police force and
      Reuter picture.  -  65 words

  • COMMENT / Pick of the week’s editorials
    • 708 10 OCT 12. 1995 BARRING official word, it is almost certain that, on current cost and revenue projections, the MRT north-east line will not be built for a number of years to allow for population growth to raise ridership to viable levels. That has to
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    • 652 10 OCT 9. 1995 "TO OPT out of or to allow to lapse the insurance cover provided so cheaply through Medishield is irresponsible”, a Forum page contributor wrote last November. Dr H. Feidhlim Woods the writer ought to know, for he is medical director of the
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    • 629 10 OCT 6. 1995 RESEARCH on the profile of juvenile delinquency done by the Subordinate Courts, based on a number of cases heard in the Juvenile Court, has turned up the surprising finding that most of these law-breakers did not come from broken homes. The main
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    • 725 10  -  By Sia Cheong Yew My colleague Chua Huck Cheng, in his Thinking Aloud column about two weeks ago, wrote about the inevitability of manpower-sharing between nations. With inter-dependent economies and the competition for human resources, he believes that those with the
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  • COMMENT / ANALYSIS
    • 1190 11 Foreign Editor Felix Soh takes a close-up look at the newest acquisition of the Republic of Singapore Navy, and discovers a few surprises THEY do not have looks that kill. And their curves may not be all that svelte. But then, looks can be deceiving. The
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    • 182 11 IT MAY appear like garbage being damped frem a passing vessel. But, In reality, it is a mine-laying operation. This is the reason why mines are sach an Insidious weapon of war. The lethality comes from the fact that they can be so easily deployed. Mines can
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    • 1049 11  -  By Zuraidah Ibrahim Singaporeans have probably heard enough about the Williams College convocation and how Prime Minister Goh Chok Tong fared facing the critics of the Singapore system. But there is an issue which my colleagues and I have had to
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  • CPF NEWSLINE A corporate Newsletter for CPF Members 04/95
    • 279 12 / 13 A CPF member used part of her CPF savings plus a bank loan to buy a small terrace house for $320,000 in 1991. She serviced the loan with her monthly CPF contributions. "Without the CPF, I couldn’t have bought the house,”
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    • 479 12 / 13 Foreign employees who wish to continue contributing CPF Foreign employees and their employers should jointly apply to the CPF Board by 31 December 1995 if they are currently making mandatory CPF contributions and wish to continue doing so. These CPF contributions can carry on till 31
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    • 545 12 / 13 CPF INVESTMENT SCHEMES You may have made profits or incurred losses from your investments between 1 October 1994 and 30 September 1995 under the CPF Basic Investment Scheme (BIS) or the CPF Enhanced Investment Scheme (EIS). Your profits can be re-invested or you can use them
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    • 209 12 / 13 Public Housing Home Protection Schemes Quicker transactions lO May this year, the Board expanded its computer link with HOB through IDNET (Interdepartmental Network). CPF members now enjoy faster services for their Public Housing and Home Protection Schemes’ transactions The reduced processing time is part of the CPF Board's and HDB's
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    • 97 12 / 13 In recognition of Singaporeans' contribution to the nation's growth, the government has credited $300 into the CPF Ordinary Accounts of all eligible Singapore citizens. Those aged 21 and above as at 31 August 1995 who contributed $750 into their CPF accounts during
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  • Page 12 / 13 Advertisements
    • 15 12 / 13 ANOTHER PUBLIC COMMUNICATION EFFORT BY CPF IN PURSUIT OF PS2 1 EXCELLENCE IN PUBLIC SERVICE
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    • 187 12 / 13 40th Anniversary Blood Donation Drive A big turnout More than 350 CPF staff and members of the public responded to the Board’s Blood Donation Drive held at the CPF Building last Thursday 28 September 1995. Enthusiastic CPF Building tenants as well as those from neighbouring buildings also took the time
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  • INSIGHT A LOOK AT THE ISSUES OF THE DAY BY THE STRAITS TIMES POLITICAL DESK
    • 2023 14 Will Nominated MP Kanwaljit Soin’s Family Violence Bill clear the first parliamentary hurdle when it is debated at the next sitting? Wang Hui Ling finds out what its supporters and those opposed to it have to say.
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    • 1015 15 How do other countries tackle domestic violence? Malaysia has a law somewhat similar to the Family Violence Bill tabled by NMP Kanwaljit Soin last week while a Domestic Violence Bill is before Parliament in New Zealand. In Canada, the onus for laying
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    • 1068 15  -  THINKING ALOUD Chua Huck Cheng THREE years after Singapore began its sprint to internationalise its economy, the famous second wing, growing evidence has become increasingly persuasive that one inhibiting factor might affect the pace and extent of the process. This is the matter of a
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  • MONEY
    • 7137 16 INDUSTRIAL AND COMMERCIAL i r~ n 8 i IMS Curt Last Vol Day Or'» Nat M Cap Wt Avg Low Company Traded Sato +ar•ooo High Low D to P/I Smil Price 180 Aoar 50c US 187 -3 35 190 187 12 7 309.6 530 382 m t
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    • 341 17 TRADING in Singapore was plagued this week by paltry volumes, and the sentiment worsened by Wall Street’s overnight performance mid-week. Brokers said investors were nervous amid the Dow Jones Industrial Index’s downward swings, on a sell-down of technology stocks. “The Straits Times Industrials (STI) Index
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    • 92 17 ST Industrials Index Tht Straits fines Industrials Indei lei 12.96 points on the week to 2129.04. DAY CLOSE TURNOVER Monday Tuesday Wednesday Thursday Friday 2138 59 341) 2114.83 23 76) *****6 14.13) 2136.02 7.06) *****4 (-698) 91.574m (8228 891m) 98 176m ($185 663m) 113.97m (*****03m) 80 838m (8174.293m)
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    • 491 18 SINGAPORE has jumped six notches in a remarkable advance to emerge as the secondranked nation in Euromoney’s country risk poll. Outranked only by Switzerland. the Republic pipped former top dog Luxembourg to attain its number two position in the survey conducted
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    • 2808 18 CORPORATE RESULTS Company Date an n Net Earn TY LY <$m> <%m) EPS TY I.Y <«*) (cl*) Ac mu Sep II I 8.202 5.716 20 8 35.5 Alcorn* Sep 14 1 14 510 9 373 II 4 7.4 Alliance Tech Sep 27 1 1 589L 0
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    • 544 18  -  Credit spending too low: Banks By Chan Sue Meng SEVERAL banks here have closed the Visa and MasterCard accounts of smaller merchants which are not generating a sufficiently high volume of credit spending. In addition, these banks have raised the commission rates
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    • 261 19  -  By Tan Li Eng FORMER Barings futures trader Nick Leeson, who was blamed for bringing down Britain’s oldest merchant bank, has appointed a legal firm in Singapore to advise him. When contacted, Mr John Koh of John Koh Co confirmed that he had been "asked
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    • 401 19 Friday Oct 13 HK$ ASM Pacific 7.00 -0.150 Allied Ind Int i 0.41 0.02 Allied Oversea 0.56 0.03 Asia Sec Int 2.50 unch Bank of EA 26 60 0.20 3.30 0.07 CDl Hotel 3.42 -0.05 Cafe De Coral 1.98 0.03 Cath Pac Air 12.00 0.10 Century City 1.79 0.07
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    • 440 19 Managers’ prices, Oct 16 Singapore Unit Trust The Commerce 1.52—1.61 The Savings Fund 1.47—1.56 S pore Prog Fund 0.57—0.61 S pore Sec Fund 0.89 —0.94xd S pore Invest Fund 1.05—1.11 S pore Equity Fund 0.74—0.79 Credit Lyonnais Int'l Asset Mgt CL Asia-Pac Gr Fund 2.590 —2.720** CL S
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    • 401 19  -  World-class facility will boost investment here to nearly $3 billion By Ronnie Lim MOBIL on Tuesday said it was planning to invest a further US$2OO million (Ss2B6 million) or more in Singapore, this time in a worldclass lube base
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    • 454 19  -  Retailer to open more Levi’s stores in South Asia By Narendra Aggarwal HOME-GROWN entrepreneur Moti Melwani’s Levi’s jeans stores in India have been such a hit since he launched the first one in June that he is planning to have a chain of
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    • 146 19 COUNTER RATES Singapore dollar* to one unit of foreign currency Buying 00 SeSng US dollar 1.4123 1.4294 Sterling pound 2.2067 2.2626 Australian dollar 1.0627 1.0955 Canadian dollar 1 0471 1.0722 NZ dollar 0.9245 0.9569 EC unit 1.8605 Singapore dollars to 100 units of foreign currency Austrian schilling 13.8777 14.5058
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    • 133 19 Contract data: Oct 13, 1995 CURRENCY 1 MTU 3 MTU 6 MTU 9 MTH 12 MTH CALL VALUE DATE uss 5 V. 5'4 5'4 5 Vi 5 4 Vi 17/10/95 AS 6 7 i 7 7 7 6 7 5^4 17/10/95 NZJ 8‘/« 8'/4 8'i 7 *,4
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    • 518 20  -  By Goh Soo May MANY investors who bought Malaysian stocks recently, have found themselves saddled with multiple share certificates of odd lots and are fretting about the additional cost of sending these certificates for scripless conversion. Other more savvy
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    • 367 20 SINGAPORE Airlines (SIA) has “converted” or confirmed one of its Boeing 747-400 options from a mega-order placed last year, adding an estimated US$l5O million (*****.5 million) to its spending bill. The carrier said the conversion was its only one to date, out of
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    • 490 20  -  By Kalpana Rashiwala PROPERTY investment sales in the third quarter rose 16 percent to $1.83 billion from the second quarter, with the industrial and retail sectors enjoying a boost while the residential and office markets slowed down. Industry observers said this
      Timesgraphics; Source: Jones Lang Wootton  -  490 words
    • 253 20  -  By Choo Li Meng in Shanghai THE first overseas design centre set up by the Singapore Furniture Industries Council (SFIC) in IMM Shanghai will also serve as a marketing and distribution base for its 20 members. The 6,500-sq-m centre complements the council’s newly-opened Singapore Furniture
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    • 310 20 Video-on-demand developments THE Shaw Organisation will be supplying movies for Singapore Telecom’s video-on-de-mand trial. The film exhibitor and distributor, with 36 screens serving the world’s most avid cin-ema-going country, wants to ensure that it reaches Singaporeans who do not visit cinemas or rent videos.
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  • Page 21 Advertisements
    • 813 21 2 6 L FRAS6R N€AVG GROUP invites applications from suitably-qualified persons to join our Corporate Office Management team as: SENIOR INTERNAL AUDITOR The position is responsible for the financial, operational and EDP audits of the Group's operations in the region. Qualities we seek: University graduate in Accounting or CPA/ICPAS or
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  • Page 22 Advertisements
    • 803 22 Start Yon Cm On Mind Singapore Airlines invites applications for the following appointment: LEGAL OFFICER Requirements You must be a barrister, solicitor or holder of o recognised low degree preferably with at least two years' experience in legal work. Must be well versed in all aspects of legal matters. Responsibilities
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  • FORUM
    • 524 23 MS ZURAIDAH Ibrahim in her column, “Not fair to have this thought of us” (page 11), lamented that her honest reporting from Williams College had been received cynically by some Singaporeans. In disappointment, she asked if “there are lessons for all
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    • 289 23 TRUE to form, Dr Chee Soon Juan has again twisted and turned (ST Weekly Edition, Oct 7). He tries to distract readers from my main point that he was used by Dr George Crane and others who wanted to humiliate the Prime Minister
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    • 530 23 THE Ministry of Health made a series of announcements recently concerning Chinese medicines. It seems odd that the ministry is banning some major Chinese medicines while at the same time allowing more Western drugs to be sold over the counter or without prescription.
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  • Page 23 Advertisements
    • 186 23 r mwl 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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  • 414 24  -  ‘Stupid idiots’ will be treated sternly By Elena Chong THE Chief Justice on Tuesday said he would treble the sentence in appeals from offenders whose actions could cause racial riots. He said this when dismissing the appeal of a Chinese man
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  • 706 24  -  By Brendan Pereira A 75-YEAR-OLD doctor’s conviction for molesting a woman patient was quashed by Chief Justice Yong Pung How on Thursday. The CJ said that the main point of contention in Dr B. C. John’s appeal was on the medical evidence given
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  • 325 24 DR B. C. JOHN, acquitted by the High Court on Thursday of molesting a patient, was smiling and busily receiving well-wishers at his East Coast home on Thursday. This was in contrast to the past 2 '/2 years when he said many patients shunned his
    Picture by STEPHANIE YEOW.  -  325 words