The Straits Times : Weekly Overseas Edition, 20 April 1996

Total Pages: 24
1 24 The Straits Times : Weekly Overseas Edition
  • 22 1 The Strait s Times WEEKLY EDITION SATURDAY. APRIL 20, 1996 Price: 551.20 (in Singapore) Elsewhere by subscription only MIT A (P) 008/08/95
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  • 976 1 New millennium ‘a time to think about the non-tangible aspects of life’ THE Government will forge, in IK to two years’ time, a shared vision For Singapore to bring it into the 21st century, said Prime Minister Goh Chok Tong last
    Picture by GEORGE GASCON.  -  976 words
  • 418 1 AS MANY as four out of five potential Government ministers are likely to come from the public sector, Prime Minister Goh Chok Tong said last Saturday. As for backbench Members of Parliament, about half were likely to be from the public sector, with the
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  • NEWS FOCUS
    • 564 2 SINGAPORE can be a regional centre for electronic shopping, an untapped area, by pulling together its strengths as retail centre, transportation and logistics hub. and financial centre. With the advent of tele-shopping and electronic commerce. Singapore’s traaitional role of attracting tourists to
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    • 368 2 SINGAPOREANS can expect to use smart cards for transactions in the public sector in future. “I certainly expect that this will come about,” Rear-Admiral (NS) Teo Chee Hean said on Monday. Smart-card technology, he noted, was one way to combine a communications
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    • 187 2 THE Crown Princess of Thailand, Princess Maha Chakri Sirindhorn, called on President and Mrs Ong Teng Cheong on Monday at the Mandarin Hotel. She arrived here for a twoday visit earlier in the evening and was received at Changi Airport by the Senior Minister of
      Picture by FRANCIS ONG.  -  187 words
    • 439 2  -  How safely do motorists drive? By Leong ChanTeik IT IS now possible to find out precisely how safely motorists drive and now safe roads are. The Cen tre for Transportation Research of the National University of Singapore has developed a technique in
      iviig naa uu Picture by AZIZ HUSSIN.  -  439 words
    • 490 3  -  By Geraldine Yeo A FAULTY catch on a crane hook holding a five-tonne piling hammer caused the April 8 accident, in which the hammer fell on an MRT viaduct. The catch gave way, leaving the hammer resting on a steel pile
      Ttmesgrtphics  -  490 words
    • 777 3  -  By Tan Ooi Boon BODY parts murderer John Mar tin was executed yesterday, leaving unanswered questions about a missing British tourist he is believed to have murdered. To the end, Martin, 36, remained silent about Mr Timothy McDowell, 28, who went missing
      Picture by ANDREW CHANT.  -  777 words
    • 324 3 DBS Bank, which has had no union since it was set up in 1968, has not only agreed to having a house union but is also encouraging its staff to join it. The bank will pay half the first year’s member
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  • HOME
    • 709 4  -  It will start by end of the year By Geraldine Yeo and Karamjit Kaur WORK on a comprehensive monitoring system which can give instant traffic updates on the Central Expressway (CTE) will start at the end of the year. It will be an
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    • 482 4 FULL-TIME National Servicemen (NSFs) will receive up to $6O more a month in allowances from next month. The increases were announced by Deputy Prime Minister and Defence Minister Tony Tan on Thursday. Second Defence Minister Teo Chee Hean had said in Parliament last month
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    • 715 4  -  By Susan Sim AMERICA’S relations with Japan, China and Russia are pivotal to the future of East Asia. Yet the US does not appear to have consistent policies towards these “Big Three Asian” powers, or on North Korea, said former
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    • 813 5  -  Reports by Walter Fernandez THE National Solidarity Party (NSP) plans to field as many credible candidates as possible, despite the plan by other opposition parties to employ a “by-election” strategy in the General Election, said its sec-retary-general Yip Yew Weng. He
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    • 647 5 PM: Highly competitive or more relaxed people must decide PRIME Minister Goh Chok Tong said last Saturday Singaporeans must be tne ones to decide if the nation remained highly competitive with a drive to excel, or one that slackened its pace. They had to decide if they really wanted a
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    • 423 5  -  ‘Party Politics By Chung Tsung Mien EVEN though the General Elec tion, expected by many to be held later this year, now appears to be just months away, the People’s Action Party’s relentless search for potential candidates continues unabated. Several of its by-now
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    • 881 6 FORMER president and Mrs Wee Kim Wee celebrated their 60th wedding anniversary on Friday last week, at a formal dinner replete with humorous reminiscences, abundant in anecdote, and rich in friendship and warmth. President and Mrs Ong Teng Cheong, Prime Minister
      Picture by STEVEN LEE.  -  881 words
    • 536 6 A TOTAL of 185 Housing Board blocks have passed HDB’s cleanliness test and been chosen for the Interim Upgrading Programme. The more than 23,000 flats within these 26 precincts span the spectrum of HDB flats, from oneroom units to executive flats. The third
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    • 439 7 Mother and sister seriously injured A SEVEN-YEAR-OLD boy died after being struck by lightning while walking witn his mother and sister to a busstop in Jurong during a thunderstorm. His mother and 10-year-old sister were seriously hurt and were taken to hospital after it happened
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    • 400 7  -  By Tan Tam How China Correspondent BEIJING Children whose parents are based in Suzhou city where Singapore is building an industrial park with China will soon have a home-style primary school to go to. “The school will use the Singapore syllabus though it
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    • 403 8  -  On-line information will let officers fight crime better By Tan Ooi Boon POLICE patrol cars will soon be equipped with mobile computer terminals to allow officers to obtain important information on crimes or suspects quickly while they are on the move. The project, which
      Picture by WONG KWAI CHOW.  -  403 words
    • 303 8 Food Hotel Asia ’96 TRAVELLERS can check into a hotel while at the airport or in a coach using a new portable computer launched at Food Hotel Asia '96 on Tuesday. The Inn-Fast, a hand-held remote pad. is linked bv radio
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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
    • 1245 8 RADIO SINGAPORE INTERNATIONAL (ENGLISH) PROGRAMME SCHEDULES 1100 1400 Hours (GMT) 9530 KHz (31M BAND) MONDAY 1100 News m Brief/Weather Forecast (Asia Pacific) 1105 Frontiers 1120 Business Market Reoort 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
    • 574 9  -  National pride involved in making league succeed By Tay Cheng Khoon PRIME Minister Goh Chok Tong on Sunday launched Singapore s first professional soccer league before a capacity crowd at the Nat ional Stadium. It was a simple act. But when he placed a
      Picture by GEORGE GASCON.  -  574 words
    • 545 9  -  S’pore 1, Thailand 1, but S-League All-Stars loses 4-5 on penaltry kicks By Thomas Koh THE dreaded penalty shoot-out jinx, which struck Singapore so many times before, struck again on Sunday at the National Stadium as the S-League All-Stars went down 4-5 on penalty kicks
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    • 636 9 THUM PING TJIN has a simple philosophy in life and that is to be the best that he can be. With that in mind, the 16-year-old applied for Harvard University last year. Come August four months before his 17th birthday PJ,
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  • MALAYSIA
    • 325 10 Pilot project set to start in 100 primary schools NST. KUANTAN The Education Ministry has launched a pilot project in 100 national primary schools to introduce Mandarin to non-Chinese students as part of the national school curriculum. Announcing this last Saturday. Deputy
      NST.  -  325 words
    • 79 10 A SEC 1 lON ol an overhead pedestrian bridge in Fort KJang lying across the road after a trailer crashed into it on Wednesday. Though no one was hurt in the accident, the impact caused a 15-year-old girl to fall to the floor of the
      – The Star picture.  -  79 words
    • 276 10 JOHOR BAKU Johor port users are against the Transport Ministry’s plan to develop Port Klang as the premier transhipment centre. The Sun reportedf on Thursday Johor Baru Chinese Chamber of Commerce assistant secretaiygeneral Soh Siong Hoon said many consignees wanted freight
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    • 437 10 AFP, Reuter. KUANTAN Malaysia carried out its first forced repatriation of some 300 Vietnamese on Thursday, sending them home by ship in a poignant reversal of tne boat people’s sea journey here years ago. The 317 men, women and children were escorted onto
      AFP,; Reuter.  -  437 words
    • 456 10 Bemama. Japan is a major market for Malaysia TOKYO Malaysia will launch an aggressive campaign in Japan to woo more Japanese tourists to the country, said Culture, Arts and Tourism Minister Datuk Sabbaruddin Chik. He did not give details but added that
      Bemama.  -  456 words

  • SOUTH-EAST ASIA
    • 497 11  -  Asean’s regional approach their model By Lee Siew Hua Thailand Correspondent PATTAYA The six countries of the emerging Mekong region will be marketed as a single destination, and Asean’s successful regional approach to tourism can be a good guide for the purpose. These
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    • 430 11  -  -By I Lee Siew Hua. BANGKOK Singapore officials began a pilot trip to Bangkok yesterday to look into whether mother-tongue classes for overseas Singaporean children can be set up, and to address wider educational concerns such as their re-entry into the
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    • 221 11 I IIIUUU AFP. MANILA The Philippine government’s Ombudsman has ordered an inquiry into the Bureau of Immigration for imposing fines for overstaying on two Hongkong men who were freed from prison in this country earlier this week, an official said on
      I IIIUUU AFP.  -  221 words
    • 374 11  -  Sign of full normalisation of bilateral relations between the two countries ?y Nirmal Ghosh Philippines Correspondent SINGAPORE’S new Ambassador to the Philippines, Mr Simon Tensing de Cruz, 42, had his first day in office on Friday last week, signalling the full normalisation of bilateral
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  • COMMENT / Pick of the week’s editorials
    • 694 12 APRIL 20. 1996 THE opening today of the SLeague professional soccer season places Singapore football at a turning point. Tnis is no verbal dressage. It is an admission that having chosen not to depend on the goodwill of Malaysia's football authorities to pfav in their
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    • 673 12 APRIL 18. 1996 THE American and South Korean proposal for peace talks with North Korea that will include China is a sensible one because it seeks to engage the four key players in the Korean War of the *****. It is these countries which must now
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    • 681 12 APRIL 17,1996 THE Rugged Society. Vision 99, the Next Lap And now, a new road map in the shape of a shared vision that will be relevant for Singapore, presumably for a generation or so into the next century. Achievement benchmarks in past years had
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    • 835 12  -  By Alan John LAST week’s court story about a 15-year-old gang leader who wreaked havoc in and out of school was shocking in its details. Here was a boy smart enough to enter the Express stream at Secondary 1, only to become the
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  • COMMENT/ANALYSIS
    • 1135 13  -  By TanSaiSiong THE growing accessibility of the Internet and, implicitly with that, its increasing influence, have stirred worries in those who see the Net both as a blessing and a threat. These fears are reflected in the measures adopted by various governments across
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    • 1043 13  -  By Wang Hui Ling PROPERTY fever is raging again. It is evident at show flats of new projects, where harriedlooking couples, armed with brochures, calculators and with children looking just as bewildered, work out how far they can stretch their pay to cover
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  • INSIGHT A LOOK AT THE ISSUES OF THE DAY BY THE STRAITS TIMES POLITICAL DESK
    • 1989 14 Private specialists treating subsidised patients in government hospitals. Government doctors taking on private, paying patients. Chua Mui Hoong takes a closer look at these and other ideas to bring the two sectors together. WHEN Senior Minister Lee Kuan Yew had a stent
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    • 980 15 More primary and secondary school pupils are withdrawing money from their Edusave accounts to pay for their second-tier miscellaneous fees and enrichment programmes. Ng Wei Joo gives an update on the use of Edusave funds. Update ABOUT $3.67 million, or
      limetgraphics; Sourtt: Education Ministry  -  980 words
    • 993 15  -  Thinking Aloud Asad Latif IT IS understandable that calls to privatise some categories of Housing Board flats should enjoy so much support. Design and Build, Executive, five-room and four-room flats are prime candidates for a move which, its proponents argue, would enhance the
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  • MONEY
    • 7501 16 INDUSTRIAL AND COMMERCIAL Transaction Date: Apr 119.1996 1995/96 Curr Last \ioi Day Gr's riCap Wt Avg High Low Company Traded Sale ♦or'000 High Low Div P/E $mi Price ASE NT510 200 US 214 165 Acer 50c us 186 1 40 186 185 5.ON 11.6 307 9 ■194
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    • 320 17 THE week started on a bright note as investors picked up stocks which lost ground the week before. However, lack of fresh factors or corporate developments saw buying petered out towards the end of the week. Investors were also drawn to shares
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    • 77 17 ST Industrials Index The Straits Times Industrials Index rose 15.29 points on the week to 2384.04. DAY CLOSE TURNOVER Monday 2384.35 (+0.31) 126.66m ($321.149m) Tuesday 2401.40 (+17.05) 149.79m ($420.961m) Wednesday 2403.85 (+2.45) 136.49m ($418.096m) Thursday 2387.92 (-15.93) 112.79m ($331.087m) Friday 2399.33 (+11.41) BT MGA Index 96.368m ($306.703m)
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    • 490 18 THE Singapore Productivity and Standards Board (PSB) will help identify and nurture promising local small- and medium-sized enterprises (SMEs) which can become Asian multinational corporations. It will help them to develop strategic business plans, broaden their business bases and venture overseas, the
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    • 1124 18 Company 3lt« «nn Net earn TV LY (Sm) (Sm> EPS TV LY lets) (CtS) ABB Hiags Mar 25 0.697 2.007 1.6 46 Ac*r Mar 25 P 31.030 26.643 22.8 27.2 AlSB* Mar 29 1 1 448 1.973 1.4 1.9 Alliance Tech Mar 26 P 7.679L 1.380L Amsteel* Mar
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    • 303 18 RIGHTS ISSUE Books Acc 6 Company Ratio date close Peymt freight Links Two»1 (raa wrt-for-four Apr 22 Apr 26 NYA $0.72 MB! nldgs One-for two MS0.90 Apr 30 May 6 NYA Westmont Two-for-five <* MS3.0O Apr 30 May 6 NYA OTHERS b* Books ACC 6 Company Ratio date
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    • 1526 18 Pay man t Cl Boons Bay <%) date dost data ABN-Amro 5fl F 40h May 6 NYA May 20 ABR Hidgs SC F 3 Jun 28 Jul 4 Jul 16 Acm» 50C F 15 Jull Jul 5 Jul 18 Alcorn F 6TE Jul 2 Jul 8 Jul 22
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    • 95 18 Alliance Tech Amcol Liang Court MMC OCBC S'port Fin S'port Re Tour 3 wrts-for-ten «$1.00 Ona-for-two $2.05 Two-tor-flve $1.08 Three-for-five MS2.00 One-for-ten $3.00 (U One-for-ten $5.16 <F) One-for-five $2.30 Ona-for-two $1.30 E Resources One-for-flva Flextech Ona-for-two MMC Two-for-fiva Oriental M Two-for-flva Osprey M Ona-for-two Partis Plant Ona-for-four ROC
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    • 313 18 VIDEO-ON-DEMAND (VOD) services, which are now being offered as part of a technical trial, will not be launched nationwide until 1998, project director Allen Lew said on Monday. “Commercial implementation won’t be till 1998 and beyond because of certain key technological issues,” he told reporters
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    • 145 18 Compeny Pises Date Time Freight Links E 62 Toh Gusn Rd, #05-00 Freight Links Express Oistriperk, (*****1) Apr 16 ll.OOem OU Secs A the Bosrd Room, 45th Storey, 1 Raffles Piece, OUB Ctr (*****6) Apr 19 11.00am MISC A E Serewak Room, Besement ll, L Shengri-Le Hotel, 11
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    • 164 19 THE Stock Exchange of Singapore (SES) is on the Internet one of the First exchanges in South-east Asia with a website. Investors can access its home page for information such as listing requirements, trading and settlement procedures and news from the SEs. There is also an
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    • 468 19 Friday Aoril 19 HK$ ASM Pacific 7.30 -0.050 Allied Ind Int'l 0 40 unch Allied Oversea 0.53 -0.01 Asia Sec Inf -001 Bank of EA 26 75 0.15 C P PokDhand 3 65 0 2 7 CDL Hotel 4.62 -0 03 Cafe De Coral 2 33 0 03 Cath
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    • 457 19 Mgrs' prices, April 22 Singapore Unit Trust The Commerce 1.83-1.93® The Savings Fund 1 74-1 84® S'pore Prog Fund 073-0 78® S'pore Sec Fund 1.09-1 16® S'pore Invest Fund 1.22-1 29® S'pore Equity Fund 0.86-091« Credit Lyonnais Inf 1 Asset Mgt CL Asia-Pac Gr Fund 2.760-2.900- CL S'pore
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    • 637 19 SINGAPORE’S economic growth will slow down to 7.3 per cent this year and further to 7 per cent in 1997, according to the 1996 Economic and Social Survey of Asia and the Pacific released on Tuesday by the Economic and Social
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    • 475 19 Denied rights to develop KL Planet Hollywood, she alleges SINGAPORE hotelier Ong Beng Seng has been named as a defendant in a lawsuit brought by a Malaysian princess over disputed rights to develop Planet Hollywood restaurants in Kuala Lumpur. Planet Hollywood International Inc and
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    • 165 19 COUNTER RATES Singapore dollars to one unit of foreign currency Buying OD Sailing US dollar 1.3977 1.4137 Sterling pound 2.1052 2.1565 Australian dollar ***** 1.1158 Canadian dollar 1.0179 ***** NZ dollar 0 9434 0.9758 EC unit 1 7685 Singapore dollars to 100 units of foreign currency Austrian schilling 12
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    • 132 19 Contract date: April 19,1996 CURRENCY 1 MTH 3 MTH i 6 MTH 9 MTH 12 MTH CALL VALUE DATE US$ 4M 4 4M 4 Vi 4M 4m 23/4/96 AS 6v« 6 m 6 7 7 7 m 5v4 23/4/96 NZ$ 8'8 8% 8 8 1 8 m
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    • 654 20  -  First-year interest rate of 4.6875% applies to new projects only By Tan Li Eng and Alvin Tay HONG Leong Finance. Singa pore's biggest finance companv, has undercut arch rival DBS Finance by quoting a lower firstyear interest rate of 4.6875 per cent
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    • 817 20  -  By Colin Tan VALUATIONS of housing board flats rose an average 10 per cent across the island in the first quarter of this year and a hefty 40 per cent over the last year. Based on statistics released by the
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    • 432 20  -  By Douglas Wong THE Port of Singapore Authority (PSA) is leading a consortium to develop a 4 billion yuan (Ss67o million) joint-venture container port in Dalian which has secured the Chinese State Council approval, Dalian vicemayor Li Zhen Rong said on Wednesday.
      Timesgraphics  -  432 words





  • Page 21 Advertisements
    • 836 21 The Straits Times Weekly Edition w Overseas Union Bank Ltd invites applications for the following appointment: HUMAN RESOURCE PROFESSIONAL The successful candidate will be a member of the Compensation and Benefits team. He/She will assist in market salary surveys, reviews of compensation structures, preparation of staff cost budgets, benefits reviews
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  • Page 22 Advertisements
    • 968 22 BP is one of the world's top international integrated energy companies, with businesses in 70 countries. BP invites you to join us and distinguish your career with a global giant. Marine Sales Engineer Our BP Marine Team requires an experienced Marine Sales Engineer to promote sales and provide technical support
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  • FORUM
    • 801 23 Redas looking at units offered in pre-launch sales I REFER to Ms Tan Sai Siong’s article “Time for rethink of foreign purchase of property here" (ST Weekly Edition. April 13). As a global and open economy ana in order to continue to attract foreign
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    • 527 23 I REFER to the letter by Redas on “Extra safeguards against foreigners not neeaed" (above). Ironically, the same reasons for the rise in property prices given by Redas provide compelling reasons for additional restrictions on property ownership by foreigners. Thirty years
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    • 727 23 I REFER to Mr Ho Wing Yin's letter “Extra safeguards against foreigners not needed" (left). The issues raised by Ms Tan Sai Siong (“Time for rethink on foreign purchase of property here —ST Weekly Edition.*April 13) are more fundamental, more in the interest
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  • System in Bukit Panjang to be ready in 1999
    • 624 24  -  By LeongChanTeik A $285-MILLION contract for an automatic and driverless Light Rapid Transit (LRT) system in Bukit Panjang was signed by the Land Transport Authority (LTA) on Friday last week. It is Singapore's first such system, and several more are being evaluated for their
      Tlmetgraphlc*/ CHEE CHEW and RAYMOND LEE; Source: LTA  -  624 words
    • 229 24 PRIVATE land will not need to be acquired for the construction of the above-ground LRT line, said Communications Minister Mah Bow Tan on Friday last week. This is because the line will be built on the existing road reserve. Land around the LRT
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  • 443 24 Republic pledges backing for Canberra’s candidacy too AUSTRALIA will support Singapore’s candidature for a seat in the United Nations Security Council in 2001, said visiting Australian Foreign Minister Alexander Downer on Thursday. And illustrative of the close ties between the two countries,
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