The Straits Times : Weekly Overseas Edition, 21 October 1995
1995-10-21
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The Straits Times : Weekly Overseas Edition
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Title Section19 1995-10-21 1 The Straits Times WEEKLY EDITION SATURDAY, OCTOBER 21, 1995 Price: 551.20 (in Singapore) Elsewhere by subscription only MITA (P)19 words
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629 1995-10-21 1 SINGAPORE can be France’s “value-adding partner” and its regional gateway to Asia, Senior Minister Lee Kuan Yew said on Monday. Speaking at a dinner hosted by the French Ambassador, Mr Gerard Coste, he said that Singapore could629 words
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Article, Illustration723 1995-10-21 1 Ahmad Osman - Govt, unionists and employers to examine wages and benefits By Ahmad Osman THE Government will set up a tripartite committee to study the issues involved in raising the retirement age from 60 to 67, Acting Prime Minister Lee Hsien Loong said on Thursday.723 words
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Page 1 Advertisements
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Advertisement9 1995-10-21 1 Planning a CAREER Move CHECK OUT Pages 21 229 words
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NEWS FOCUS
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Article, Illustration667 1995-10-21 2 Pang Pit Kheng and; Wong Hiew Peng - Project to ease Upper Serangoon Rd congestion Includes tunnels for North-East MRT line By Pang Pit Kheng and Wong Hiew Peng SINGAPORE’S first four-tier traffic interchange, which will include tunnels for the much-discussed North-East MRT line, will be built at the junction of BraddellTimesgraphics - 667 words
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350 1995-10-21 2 Ginnie Teo - By Ginnie Teo AN 11-YEAR-OLD boy took his father’s car for a joyride at a Bukit Panjang carpark and stopped after he rammed into four parked vehicles. He was arrested for the incident on Sunday and has been released on bail. No one350 words
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452 1995-10-21 2 Leong Chan Teik - N-E traffic woes By Leong Chan Teik COMMUNICATIONS Minister Mah Bow Tan came face to face with the morning peakhour traffic crawl on the north-east corridor on Tuesday and agreed that it was quite bad. Grassroots leaders had brought the traffic452 words
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Article, Illustration649 1995-10-21 3 Tan Kim Song - Helps push S’pore up technology ladder By Tan Kim Song THE Government said on Friday last week it would acquire 18.4 ha of land in Woodlands to enlarge and strengthen the wafer fabrication park there. Two of the five sites beingTimesgraphics - 649 words
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Article, Illustration197 1995-10-21 3 THIS single CD-ROM contains all the Information recorded in these two chunky phone books the residential and business listings. It was produced by Integrated Information, a subsidiary of Singapore Telecom. The company, which earlier produced the household “Let your-fingers-do-the-walking” Yellow Pages, has now gone high-techtalking Yellow Pages. Picture by LAU FOOK KONG. - 197 words
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160 1995-10-21 3 SINGAPORE’S broadcasting industry has a new regulator: former police chief of staff Goh Liang Kwang. He moved to the Singapore Broadcasting Authority on Wednesday as its chief executive officer, replacing Colonel (NS) Ho Meng Kit, who has joined the Trade and Industry Ministry160 words
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Article347 1995-10-21 3 A CONMAN who preyed on senior citizens living alone and who cheated at least 15 people of more than $200,000 was arrested on Sunday. Police said that the 36-year-old unemployed man had been active between May and September. One of his victims was a347 words
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HOME
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Article, Illustration595 1995-10-21 4 NTUC Ordinary Delegates’ Conference SHAPE up to a fast-changing global environment, or the ship will not come in. This is the message both Acting Prime Minister Lee Hsien Loong and NTUC secretary-general Lim Boon Heng have for workers here. Both spoke onTimtifriphicf - 595 words
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Article249 1995-10-21 4 IN THE changing job environment, productivity is improved, processing time reduced but jobs are lost, as this tale of two companies shows. MATSUSHITA Matsushita, the world’s largest consumer electronics company, has not only relocated operations to Malaysia, Mexico and Wales, but has also automated its249 words
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682 1995-10-21 4 UNIONS must adapt themselves to the changing world or perish, Mr Lim Boon Heng, the secretary-general of the National Trades Union Congress, said on Thursday. Because of the new global economic environment, traditional solutions such as strikes and even laws to682 words
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650 1995-10-21 5 THE recent rows between Singapore and America should be seen as differences within a family, rather than as disputes between two ideological adversaries, Ambassador-at-Large Professor Tommy Koh said on Friday last week. "They should be seen by both sides as intra-family disagreements,"650 words
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Article517 1995-10-21 5 Leong Chan Teik - By Leong Chan Teik PRICES of the latest Certificates of Entitlement (COEs) were mostly little changed except for three categories which saw wide swings. Motorcycle COEs, already at an all-time high last month, have climbed a further $1,004 to another high of $4,006. While bikers517 words
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Article, Illustration403 1995-10-21 5 ACQUITTED A FORMER police inspector and court prosecutor who was charged with corruption, was acquitted in a subordinate court on Friday last week. Mr Lee Soon Koy, 51, was accused of taking bribes from a client to help her obtain identification cards for her employees,403 words
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Article, Illustration504 1995-10-21 6 Braema Mathi - By Braema Mathi SIX World War II veterans will welcome visitors to an exhibition next month that will take them back to pre-war Singapore. Mrs Elizabeth Choy, Major (Retd) Roland Simon. Mr Dhoraisingam Samuel. Major (Retd) Abbas Abu Amin. Mr Lee Kim ChuanTimesgraphics - 504 words
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Article719 1995-10-21 6 But it questions the necessity and usefulness Advance Medical Directive THE Catholic Church here said on Sunday that it does not oppose the concept of the Advance Medical Directive (AMD). But it felt that the necessity and usefulness of AMDs was questionable as such legislation719 words
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484 1995-10-21 7 Rav Dhaliwal - By Rav Dhaliwal A TIE-UP between British Airways (BA) and Qantas will offer special benefits to travellers going to Europe and Australia from next month, including a special-priced common ticket to Europe with five stopovers. For $2,025 to $2,250, they can get an economy484 words
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Article, Illustration300 1995-10-21 7 THE tallest contestant in The New Paper New Face 1995 competition won on Friday last week. Student Lee Mei McCurdy, 16. who stands at 1.76-m tall, beat 12 others to take the first prize of $lO,OOO and a return air ticket to Paris. The AustralianPicture by ZAINAL YAHYA/Berita Harlan - 300 words
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541 1995-10-21 8 Brendan Pereira - Sentence on man who employed illegal worker cut By Brendan Pereira THE courts should not impose a heavier sentence on an accused person merely because he chose to contest the charges rather than plead guilty, said Chief Justice Yong Pung How.541 words
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Article, Illustration388 1995-10-21 8 A MAN was on Thursday last week fined $2,000 for intentionally making a false declaration at the Registry of Marriages nearly 24 years ago. He had earlier gone through a traditional ceremony for a first marriage but had not registered it. Low388 words
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Page 5 Advertisements
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Advertisement60 1995-10-21 5 SEND FLOWERS TO SINGAPORE AT THE LOWEST COST IN THE WORLD SINGAPORE FIRST 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:// www.gs.com.sg/joaquim/ Joaquim Florist Gifts60 words
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Page 7 Advertisements
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Advertisement182 1995-10-21 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,182 words
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Page 8 Miscellaneous
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Miscellaneous1252 1995-10-21 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 Beat1,252 words
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SPORTS
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Article, Illustration474 1995-10-21 9 Hakikat Rai - Sprinters suggest one-off duel among top five to settle Sea Games question ATHLETICS By Hakikat Rai SINGAPORE’S top sprinters want a run-off next month to determine who among them should represent the Republic in the South-east Asia Games’ glamour event in December. ThePicture by LIM SIN THAI. - 474 words
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233 1995-10-21 9 YACHTING THE SINGAPORE Yachting Association has targetted a minimum of five gold medals for December’s South-east Asia Games in Chiangmai according to team manager Joe Chan. He said: “In the last Games, we won five. So this time around we are hoping to do233 words
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Article, Illustration421 1995-10-21 9 Cecilia Chan - BOWLING By Cecilia Chan FIFTY-FIVE years after he leisurely rolled his first bowling ball down the lane in 1940, Tan Eng Joo finally took part in a major competition. The 76-year-old patron of the Singapore Tenpin Bowling Congress partnered MrPicture by JERRY SEH. - 421 words
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MALAYSIA
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465 1995-10-21 10 KUALA LUMPUR Malaysian police want action taken against people who “window shop" at Kuala Lumpur vice dens in their latest bid to clamp down on prostitution in the city. Kuala Lumpur Police Chief Datuk Ismail Che Rus said that police465 words
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247 1995-10-21 10 JOHOR BARU A lengthy bargain, it is said, often ends in the customer's favour. But not if you are dealing with some durian sellers in Johor. According to a report in The Star on Tuesday, some Singaporeans who drove across the Causeway to buy247 words
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416 1995-10-21 10 Bernama. KUALA LUMPUR The authorities have ruled out negligence on the part of air-traffic controllers as the cause of the Malaysia Airlines (MAS) Fokker 50 aircraft crash in Tawau which killed 34 people, including the pilot and co-pilot last month. Department ofBernama. - 416 words
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228 1995-10-21 10 JOHOR BARU Singaporeans made at least seven million trips to Johor Baru just to shop last year, Mentri Besar Haji Abdul Ghani Othman has said. Utusan Malaysia on Monday quoted him as saying that the visitors found Johor Baru228 words
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Article, Illustration401 1995-10-21 10 KUALA LUMPUR A former Malaysian beauty queen has filed a Msl.B million (SSI million) suit at the High Court against a 60-year-old businessman for alleged breach of promise to marry and breach of contract. The Star reportedNST pictures. - 401 words
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SOUTH-EAST ASIA
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455 1995-10-21 11 Edward Tang - By Edward Tang THE Non-Aligned Movement (NAM) must agree on a clear blueprint for action and focus on economic issues if it wants to remain relevant in the future, Foreign Minister Prof S. Jayakumar said on Thursday. “If NAM wants to455 words
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223 1995-10-21 11 Reuter. MANILA The Philippines on Monday launched a new traffic scheme along the capital's main thoroughfare to ease Manila's worsening traffic jams, a top government traffic official said. Colonel Romeo Maganto said the new scheme affecting private cars would be imposedReuter. - 223 words
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490 1995-10-21 11 Lee Siew Hue - By Lee Siew Hue Bangkok Correspondent PRIMARY One pupils in government schools will start learning English next year as this is essential for their future careers and, ultimately, to Thailand’s economic ambitions, said Education Minister Sukhavich Rangsitpol. He would send490 words
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336 1995-10-21 11 Nirmal Ghosh - By Nirmal Ghosh Manila Correspondent PHILIPPINE foreign-service officials will now be required to spend three days with families of overseas contract workers to make them more sensitive to conditions in poor families. The new requirement is part of a training336 words
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164 1995-10-21 11 AFP. JAKARTA President Suharto would meet US President Bill Clinton in Washington on Oct 27, during a one-week official visit there later this month, a report said here last Saturday. Indonesia’s State Secretariat received confirmation of the meeting date on Friday last week,AFP. - 164 words
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439 1995-10-21 11 Reuter, AFP. JAKARTA Indonesian army general chief of staff Lieuten-ant-General Soeyono had named three leading dissidents as the key figures behind groups said to be a national security threat, newspaper reports said on Tuesday. He identified banned author Pramoedya Ananta Toer,Reuter,; AFP. - 439 words
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COMMENT / Pick of the week’s editorials
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Article681 1995-10-21 12 OCT 21, 1995 MONDAY’S march by blacks in Washington reiterated the extent of racial polarisation in the United States, which was dramatised earlier this month when responses to the O.J. Simpson murder trial split neatly along black-white lines. The verdict was greeted by exclamations of681 words
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Article674 1995-10-21 12 OCT 18, 1995 CHIEF Justice Yong Pung How must have surprised many Singaporeans by saying last week that rehabilitation was something that he had "never understood”. The implication of the remark cannot but cause concern to those who see justice not only as a674 words
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Article641 1995-10-21 12 OCT 17, 1995 ACTING Community Development Minister Abdullah Tarmugi’s reminder on Sunday, that the Government could consider improving the public areas of private estates but could not be expected to do very much beyond that, focused on an issue which is as old as the641 words
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Article, Illustration718 1995-10-21 12 Yeong Ah Seng - By Yeong Ah Seng THIS is the time of the year when the Nobel prizes are handed out. An award in the sciences is unquestionably the Holy Grail of any researcher. But, alas, the list of winners is still dominated largely byFAIZAL - 718 words
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COMMENT/ANALYSIS
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Article, Illustration957 1995-10-21 13 Asad Latif - By Asad Latif IN SINGAPORE, as elsewhere, the vistas opened up by the information revolution grow more magical by the year. Windows 95 affords the latest glimpse of that enchanted landscape. Cyberspace is the new frontier beyond the old geography of borders. People surf957 words
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968 1995-10-21 13 Wang Hui Ling - By Wang Hui Ling Nominated mp Kanwaijit Soin’s Family Violence Bill seems unlikely to become law, judging from the reactions of Members of Parliament interviewed by the press so far. Their reservations are based on the fact that the Women’s Charter will soon be amended968 words
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INSIGHT A LOOK AT THE ISSUES OF THE DAY BY THE STRAITS TIMES POLITICAL DESK
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Article, Illustration1692 1995-10-21 14 Ng Wei Joo finds out what goes behind Special Assistance Plan (SAP) schools and why they are so popular among Chinese parents. AS YOU step into The Chinese High School in Bukit Timah, you will notice the school’s penchant for honouring its benefactors: in its1,692 words
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Article, Illustration1128 1995-10-21 15 Malays made up 30 per cent of repeat offenders tried in the Juvenile Court between January and May this year, according to a Subordinate Courts report. How serious is the problem of juvenile delinquency in the community? Chua Lee Hoong speaks1,128 words
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Article, Illustration1028 1995-10-21 15 Han Fook Kwang - THINKING ALOUD Han Fook Kwang BY NOW, the O. J. Simpson story should be stale news to most, having been analysed to death by the media, except perhaps for one particular angle which the journalist in me will not let pass1,028 words
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MONEY
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Article7228 1995-10-21 16 INUU3 1 HI AL AINU uUMMBHCIAL Transaction Data: Oct 20.1995 1995 Curr Leal Vol Day Qr'a Nat M CapWt Avg High Low Company Traded Sale •for000 High Low Div S P/E Smil Price 210 180 Acer 50c US 185 unch 107 185 184 126 3063 530 3827,228 words
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359 1995-10-21 17 TRADING in Singapore was plagued this week by paltry volumes and a complete lack of buying interest. The Straits Times Industrials (STI) Index dropped below 2,100 twice, but managed to close the week above the psychological support, at 2107.92. For the week, the index359 words
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Article84 1995-10-21 17 ST Industrials Index The Straits Times Industrials Index fel 21.12 points on the week to 2107.92. DAY CLOSE TURNOVER Monday 2111.80 (-17.24) 71.173m ($166.963m) Tuesday 2099.38 (-1242) 87.432m (5211 867m) Wednesday 2104.89 5.51) *****m (5170 427m) Thursday 2088.74 (-16.15) 57.888m (5132.316m) Friday 2107.92 19.18) 58 170m (*****19m) BT84 words
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538 1995-10-21 18 Ann Williams - By Ann Williams SOFT drinks group Yeo Hiap Seng (YHS), in a surprise move, swept into top place in the bidding for three of the four big residential land sites in a Government tender marking its first foray into538 words
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2983 1995-10-21 18 CORPORATE RESULTS onipanv Dale ann Net Earn n n (Smi (Sm) EPS T\ l.\ lets» H’tcl Aimu Sep 11 1 8 202 5 7 16 20 8 35 5 Aicum* Sep 14 1 14 510 9 373 11 4 7.4 Alliance Tech Sep 2' 1 12,983 words
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Article, Illustration370 1995-10-21 18 BANKER Wee Cho Yaw has grabbed the attention of the region’s business watchers again, this time as an "adventure capitalist” helping to tie the region's economies together through his deals. The United Overseas Bank group chairman has been named to370 words
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392 1995-10-21 18 Goh Soo May - By Goh Soo May AN INVESTMENT holding company owned by Indonesian President Suharto’s eldest grandson has become a new substantial shareholder in Sesdaq-listed electronic group Goldtron Ltd. Tracons Holdings on Tuesday notified Goldtron that it had purchased 10 million of the company’s392 words
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483 1995-10-21 19 IN THE second such venture in two months, government-owned investment holding company Health Corporation of Singapore (HCS) has teamed up with listed property group DBS Land to invest in the region’s health care business. Two agreements were signed on Tuesday483 words
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Article452 1995-10-21 19 Friday Oct 20 HK$ ASM Pacific 7.10 -0.100 Allied Ind Int'l 0.39 unch Allied Oversea 0.57 -0.01 Asia Sec Int 2.40 -0 10 Bank of EA 27.30 -0.80 C P Pokphand 3.33 0 05 CDL Hotel 3.40 unch Cafe De Coral 2.02 0.02 Cath Pac Air 12.10 0 05452 words
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Article475 1995-10-21 19 Managers' prices, Oct 24 Singapore Unit Trust The Commerce 152-1.61 The Savings Fund 1.46— 1 55 S pore Prog Fund 0 57-0 61 S pore Sec Fund 089-0 94»d S pore Invest Fund 105-1 11 S pore Equity Fund 0 74-0.79 Credit Lyonnais Int’l Asset Mgt CL Asia475 words
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345 1995-10-21 19 Reuter. tion 1.7 per cent. Reuter. Bernama. KUALA LUMPUR Malaysia's central bank has announced new guidelines tightening loans for car and property purchases. Bank Negara said on Monday that loans for the purchase of cars should not exceed 75 per cent of the cost ofReuter.; tion 1.7 per cent. Reuter. Bernama. - 345 words
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466 1995-10-21 19 Tammy Tan - By Tammy Tan NETCOM GSM, Singapore Telecom's handphone venture in Norway, is looking to enter the “callback" business by offering cheaper international telephone rates to its customers. It plans to offer callback services to Norway-based customers initially, but could later expand the service466 words
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Article154 1995-10-21 19 COUNTER RATES Singapore dollars to one unit of foreign currency Buying 00 Seing US dollar 1.4119 1.4290 Sterling pound 2.2083 2.2639 Australian dollar 1.0471 1.0802 Canadian dollar 1 0449 1.0700 NZ dollar 0.9165 0.9487 EC unit 1 8696 Singapore dollars to 100 of foreign currency units Austrian schilling *****8154 words
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Article130 1995-10-21 19 Contract date: Oct 20, 1995 CURRENCY 1 MTH 3 MTH 6 MTH 9 MTH 12 MTH CALL VALUE DATE USS 54 54 54 5 Vi 54 44 24/10 95 AS 64 74 7 1 h 7 6 7 54 24/10/95 NZS 74 74 74 7 Vi 74130 words
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417 1995-10-21 20 Chan Sue Meng - S&P: They can meet fhancial obligations on timely basis By Chan Sue Meng TWO of Singapore’s Big Four banks have been rated “strong” in a credit risk evaluation by credit rating agency Standard A Poor’s (SAP). In its latest profile of417 words
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415 1995-10-21 20 THE Singapore International Monetary Exchange said on Wednesday it has taken steps to better identify high-risk accounts, in the wake of the Barings collapse. In a statement to the press responding to the Government inspectors’ report, Simex said its management had accepted415 words
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220 1995-10-21 20 BARINGS Futures Singapore (BFS) the branch of Barings whose losses brought down the British merchant bank will be wound up, the Ministry of Finance said on Tuesday. This was at the recommendation of the inspectors into BFS' collapse and in light of the220 words
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Article, Illustration500 1995-10-21 20 s2b hotel-office-retail project attracts key tenants REMEMBER “Pretty Woman” Julia Roberts going on a shopping spree at upmarket Rodeo Drive in Beverley Hills? Singaporeans will soon get the chance to do the same at Millenia Walk, a 290,000 sq ft mall being500 words
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Page 21 Advertisements
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Advertisement793 1995-10-21 21 The Straits Times Weekly Edition xS-:;:--*: V The Caltex Group of Companies in Singapore invites candidates to join our dynamic team of professionals as: PC SUPPORT ANALYST We have a 300-user Local Area Network running in the Novell environment with gateways to our IBM Mainframe and RS/6000 machines for our793 words
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Page 22 Advertisements
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Advertisement939 1995-10-21 22 Sentosa is the region's leading tourist attraction and a favourite recreational playground for Singaporeans. Staying ahead as the market leader requires a pro-active management team able to rise up to the challenges of a highly competitive and rapidly changing environment. We seek the following self-motivated persons to join our team939 words
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FORUM
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623 1995-10-21 23 THE Acting Minister for Community Development has said he is going to argue against the Family Violence Bill in Parliament. His view would be reflective of the Government’s policy on the matter. I therefore appeal to the Minister to reconsider his623 words
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Article, Illustration1001 1995-10-21 23 SINGAPORE’S drop in ranking in science and technology in the recent World Competitiveness Report (WCR) rankings is not at all surprising. Neither am I as optimistic as National Science and Technology Board (NSTB) chairman Teo Ming Kian about1,001 words
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381 1995-10-21 23 MR CHAN Heng Wing cited three allegations that Mr Francis Seow made about the judiciary (ST Weekly Edition, Oct 14). But he knows that Mr Seow made many other comments in that speech. Yet, he has selectively ignored these other points.381 words
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Article, Illustration816 1995-10-21 24 Chan Sue Meng - Inspectors’ report shows high-level conspiracy over fraudulent trades By Chan Sue Meng THE Singapore inspectors’ report on Barings’ collapse has portrayed a high-level conspiracy by senior Barings management to cover up fraudulent trades by former futures trader Nick Leeson, which led to the collapsePicture by ALBERT SIM. - 816 words
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180 1995-10-21 24 tions,” added the inspectors. — CHAN SUE MENG - tions,” added the inspectors. CHAN SUE MENG. THE Singapore International Monetary Exchange (Simex) was not spared criticism in the inspectors’ report. While Simex is not responsible for managing the affairs of its members, it have opportunities to identify signals that suggest irregularities in their180 words
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Page 24 Advertisements
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Advertisement243 1995-10-21 24 6 IS THE BARINGS REPORT Inspectors* findings Collapse of Barings caused by: 1. Institutional incompetence; 2. Lack of understanding of the futures business; 3. Total failure in internal controls; 4. Efforts of some executives to block investigations. Roles of key players: </y V tffl kf. Nicholas Leeson General manager, Baring243 words
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