The Straits Times : Weekly Overseas Edition, 27 April 1996
1996-04-27
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The Straits Times : Weekly Overseas Edition
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Title Section20 1996-04-27 1 The Straits Times WEEKLY EDITIONS SATURDAY, APRIL 27, 1996 Price: 551.20 (in Singapore) Elsewhere by subscription only MITA (P) 008/08/9520 words
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Article, Illustration716 1996-04-27 1 PM: Trade body must be institution for the future THE World Trade Organisation must be an institution for the future and its crucial task was to ensure that the global trading system remained open and for-ward-looking, Prime Minister Goh Chok Tong said onPicture by FRANCIS ONG. - 716 words
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293 1996-04-27 1 Narendra Aggarwal - By Narendra Aggarwal SINGAPORE has offered to open its basic telecommunications services market to international competition five years ahead of schedule as part of its commitment to promote world free trade. Prime Minister Goh Chok Tong in his address to the World293 words
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Page 1 Advertisements
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Advertisement7 1996-04-27 1 Three cheers for Singapore pro-soccer: Page 97 words
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Advertisement11 1996-04-27 1 Planning a CAREER Move CHECK OUT Pages 21 22 *****1 *****611 words
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NEWS FOCUS
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517 1996-04-27 2 Susan Sim - By Susan Sim EXTENSIVE negotiations to allow the Singapore Armed Forces to train in more locations in Austra lia will begin in the next few days, Australian Deputy Prime Minister Tim Fischer said on Thursday. Although he declined to517 words
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610 1996-04-27 2 Chua Lee Hoong - Awareness of gains from region’s growth By Chua Lee Hoong SOUTH-EAST Asia’s most important task now is to make the American people aware that the region represents not a burden but a great opportunity, said Singapore’s Foreign Minister610 words
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Article, Illustration413 1996-04-27 2 David Miller - By David Miller A FILIPINA with an artificial leg helped to save a girl who was drowning in the sea off Changi. Miss Cherrie Pinpin. 33, was paddling a canoe on March 31 at about 1.30 pm when she spotted Miss NornaslindaPicture by M. 6. SALLEH. - 413 words
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512 1996-04-27 3 Ahmad Osman - By Ahmad Osman SINGAPORE plans to have a comprehensive system to recognise and certify workers’ skills nationwide In the next three to five years. The system will set the skills required for each job and show now workers can512 words
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183 1996-04-27 3 Santokh Singh - By Santokh Singh SEVERAL members of SingaE ore’s bodybuilding fraternity ave been called up by the Corrupt Practices Investigation Bureau. Among them are the mixedpair team of Jojo Sinclair and Azman Abdullah. Azman told Timesport he was asked to report to the CPIB on183 words
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Article, Illustration126 1996-04-27 3 SOLAR panels are appearing on the roofs of some bus shelters to power lights, fans, telephones and advertising panels. The panels were put up by Capital City, which won a Land Transport Authority contract to refurbish 100 shelters in the city and Ang Mo KioPicture by WONG POK SEE. - 126 words
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589 1996-04-27 3 Rav Dhaliwal - By Rav Dhaliwal SINGAPORE won seven of 16 travel awards at the Pata Mart, with both the Singapore Tourist Promotion Board and its chief executive, Mr Tan Chin Nam, among the winners. The STPB was named Best National Tourist Organisation and Mr589 words
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HOME
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714 1996-04-27 4 THE Stock Exchange of Singapore (SES) has criticised Hotel Properties Ltd (HPL) for its “tardiness" in disclosing the sale of its Nassim Jade condominiums at a discount to a company director and a director's wife. This, it said, could disadvantage714 words
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464 1996-04-27 4 Ministers buying properties in future have to clear with him THE Prime Minister is satisfied that there has been no impropriety in the purchases of Hotel Properties Limited (HPL) condominium units by Senior Minister Lee Kuan Yew and Deputy Prime Minister Lee Hsien464 words
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Article140 1996-04-27 4 FOLLOWING the statement from the Prime Minister’s Office last night. Senior Minister Lee Kuan Yew and Deputy Prime Minister Lee Hsien Loong issued the following statement: “As the Prime Minister has announced a farther rule of prudence, that ministers who purchase properties will now first140 words
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412 1996-04-27 4 SENIOR Minister Lee Kuan Yew and Deputy Prime Minister Lee Hsien Loong have informed the Prime Minister that they each purchased from Hotel Properties Ltd (HPL) one unit at Nassim Jade in April last year, and another unit at412 words
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415 1996-04-27 4 LINKS between the Government and the people must be close to enable Singapore to meet the challenges ahead, Minister for Information and the Arts George Yeo said on Sunday. Speaking at the Hougang Residents* Day, ne noted415 words
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Article, Illustration816 1996-04-27 5 Pang GekChoo - 1990 Census monograph Reports by Pang GekChoo THE population of Singapore is now more evenly spread over the five major residential regions. Between 1980 and 1990, there was a sustained outflow of 233,810 people from the Central region to the new towns and housingTlrottgrapbics - 816 words
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638 1996-04-27 5 Elena Chong - By Elena Chong sons in due course. To spare the child embarrassment, none of the parties is named in this report. The couple divorced in 1990, and the woman was given custody of their only child. She is 37638 words
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551 1996-04-27 6 Braema Mathi - By Braema Mathi FIVE hundred schoolgirls heard last Saturday that they were vital to Singapore’s future industrial needs because every talented person counted in a country with only a limited pool of people. Ms Ho Ching, managing director of Singapore Technologies551 words
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Article382 1996-04-27 6 Lim Ee-May - Many at food court promotion took more than they could eat By Lim Ee-May HUNDREDS of Singaporeans showed up on Tuesday for a free lunch at a new food court near New Bridge Road. The 23 stalls at Food Alley in Merchant Square382 words
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Article, Illustration929 1996-04-27 6 Social Graciousness Singapore has been named the world’s ninth richest country by the World Bank. But there is more to being a successful country than having lots of money, says Prime Minister Goh Chok Tong. Its people must be able to appreciate the finer929 words
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Article, Illustration489 1996-04-27 7 Expressions of New Asia Singapore VISITORS to Singapore will get not Surprising Singapore but New Asia Singapore. This new image for the Republic as a sophisticated vet multi-cultural destination will be promoted worldwide with a major contest on the Internet. The contest, said to489 words
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352 1996-04-27 7 THE Foreign Ministry is conducting a one-off exercise to recruit about 20 to 30 mid-career officers to help it cope with its increased workload as Singapore takes on a higher profile on the international stage. Disclosing this on Tuesday, its permanent secretary, Mr Kisnore352 words
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Article, Illustration574 1996-04-27 8 M. Nirmala - Teach job-related subjects’ The Tay Eng Soon Inaugural Lecture By M. Nirmala TO PREPARE workers for the future, schools should teach subjects that are broadly related to jobs, said Dr Darrell Parks at an inaugural public lecture to promote technical training. He is a consultantPicture by TAN SUAN ANN. - 574 words
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Page 7 Advertisements
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Advertisement190 1996-04-27 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,190 words
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Page 8 Miscellaneous
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Miscellaneous1247 1996-04-27 8 RADIO SINGAPORE INTERNATIONAL (ENGLISH) PROGRAMME SCHEDULES 1100 1400 Hours (GMT) 9530 KHz (31M BAND) MONDAY 1100 News in Brief/Weather Forecast (Asia Pacific) 1105 Frontiers 1120 Business Market Report 1130 Full News 1138 The Front Page 1140 Take Five 1145 Business world 1200 News in Brief 1205 E Z Beat 12201,247 words
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SPORTS
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Article, Illustration636 1996-04-27 9 Minister for Communications used to play kampung football WEEKENDeast. DESPITE his love for soccer, he never got a chance to play a proper match on a soccer pitch. But Minister for Communications Mah Bow Tan has scored with the game in another way he hasWEEKENDeast. - 636 words
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Article, Illustration523 1996-04-27 9 Godfrey Robert - S-League kick-off By Godfrey Robert THE S-League scored full marks three out of three on the opening night of Singapore’s professional soccer competition last Saturday. Three out of three for the entertaining football, enthusiastic turnouts and classy goals. And all three matches ended with threePicture by ALBERT SIM. - 523 words
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139 1996-04-27 9 SNOOKER Bemama GENTING HIGHLANDS High-riding Singapore booked its place to the Castrol World Cup Snooker Championship finals in Bangkok from Oct 29 to Nov 10 when it hammered the United States 7-2 here on Sunday. The win kept Singapore at the top of theBemama - 139 words
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MALAYSIA
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485 1996-04-27 10 360 specialists will be offered three-year contracts MUAR The Health Ministry will recruit 360 foreign specialists on a contract basis this year to tackle the problem of shortage of doctors and specialists in Malaysian hospitals, said Health Minister Datuk Chua Jui Meng.485 words
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Article, Illustration506 1996-04-27 10 Salim Osman - By Salim Osman ABU Talib Harun, the jailed SingaKorean preacher with 10 wives, as divorced six of them, his close friend said last Saturday. Malaysian businessman Syed Abdullah Alatas told The Sunday Times that Abu Talib, who is now'serving a 25month sentence at the– Marian Watan picture. - 506 words
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364 1996-04-27 10 PETALING JAYA The Malaysian government has been urged to take serious and ear Iv efforts to curb sex tourism in the country although the problem is not as rampant as in other countries. Ms Rasamani Kandiah. president of the Association of Women364 words
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Article352 1996-04-27 10 Fine, mandatory two years’ jail and caning proposed KUALA LUMPUR A minimum fine of M 515,000 (558,500), a mandatory two-year jail term and up to six strokes of the cane have been proposed for passport forgers under amendments to the Passport Act 1966. The Bill to352 words
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372 1996-04-27 10 SHAH ALAM The Selangor government is probing irregularities in the award of datukships by the Sultan in con junction with his 70th birthday this year, Mentri Besar Tan Sri Muhammad Muhammad Taib has said. In confirming a statement by Deputy Home Minister Datuk372 words
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SOUTH-EAST ASIA
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625 1996-04-27 11 Paul Jacob - Aircraft-rice barter may usher in more business and investment flows By Paul Jacob Indonesia Correspondent -AFP. JAKARTA Indonesia and Thailand on Thursday sealed a US$34-million (5547.9-mil-lion) counter-trade deal involving aircraft bartered for rice and held out prospects for greater business and investment flows including-AFP. - 625 words
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657 1996-04-27 11 Lee Siew Hua - We will help defray teacher’s costs, say S’porean expats in Bangkok Reports by Lee Siew Hua Thailand Correspondent BANGKOK Expatriate Singaporeans here would like a mother-tongue teacher to instruct their children twice a week or more and are mostly prepared to defray his living costs m657 words
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128 1996-04-27 11 Reuter. MANILA Public toilets in the Philippines face the scrub brush ahead of the Asia Pacific Economic Cooperation (Apec) forum meeting in November. under orders from the presidential palace. President Fidel Ramos ordered national agencies and local governments to spruce up buildings and publicReuter. - 128 words
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Article, Illustration306 1996-04-27 11 Leticia Perez - By Leticia Perez in Manila THE Philippines and Singapore on Wednesday committed them selves to working closelv with each other and strengthening their traditionally friendly and cordial relations. This sentiment was expressed by President Fidel Ramos while welcoming Singapore's new ambassador to the– AFP picture. - 306 words
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COMMENT / Pick of the week’s editorials
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Article668 1996-04-27 12 APRIL 26. 1996 SINGAPORE'S pre-eminence as the world’s busiest port in terms of shipping tonnage is under no threat. On the contrary, growth prospects are even better with the worldwide increase in the volume of cargo. But there is opportunity as well as challenge668 words
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Article708 1996-04-27 12 APRIL 24 1996 THERE is much to be said for Indian Prime Minister Narasimha Rao’s promise to give voters prosperity in return for stability. Strictly speaking, this need not be interpreted as an appeal to vote for the ruling Congress Party in India’s parliamentary election. What708 words
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Article711 1996-04-27 12 APRIL 23. 1996 THE North Korean regime is commonly thought of as irrational, the premise being that it can resort to precipitate acts to wriggle its way out of a negotiating cul-de-sac’and internal setbacks. The bombing attack on South Korean President Chun Doo Hwan’s711 words
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Article, Illustration858 1996-04-27 12 Bob Ng - By Bob Ng OF LATE, there has been a good deal of lip service paid by com panies to treating their older workers well. It is obviously in their corporate interest to do so as the average Singaporean is getting longer858 words
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COMMENT / ANALYSIS
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Article, Illustration1165 1996-04-27 13 The following is the address by Mr Wee Cho Yaw, Chairman and CEO of United Overseas Bank Group, at the Universities Endowment Fund Dinner organised by Nanyang Business School on Friday last week FIRST I would like to congratulate the1,165 words
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1100 1996-04-27 13 Tan Sai Siong - By Tan Sai Siong IT IS no surprise that the Real Estate Developers' Association of Singapore (Redas) should be appalled by any call to make it more difficult for foreigners to buy residential property in Singapore. If all1,100 words
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INSIGHT A LOOK AT THE ISSUES OF THE DAY BY THE STRAITS TIMES POLITICAL DESK
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Article252 1996-04-27 14 THE choice is yours. Prime Minister Goh Chok Tong told about 150 young Singaporeans last Saturday. Singaporeans must choose the kind of society they want. Should the country slow down the pace of economic development? Should there be more time to develop non-tangible aspects of life?252 words
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Article, Illustration859 1996-04-27 14 Investment banker Jimmy Phoon (right), 33, married with a seven-month-old son, argues that slowing down will have ‘exponential’ repercussions for the country. WHAT is your response to the call to focus on the non-tangible aspects of life? Of course, we should not forget that there are non economic aspects859 words
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Article, Illustration981 1996-04-27 14 Dr Jason Yap Soo Kor (right), 39, married with three sons, aged four, eight and nine. A family physician in private practice, he also serves in the Spottiswoode Park Residents’ Committee. WHAT is your response to the call to focus oii the non-tangible aspects of life? I am very981 words
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Article, Illustration1198 1996-04-27 15 Brief During his recent trip to the United States as head of a Young PAP delegation, Information and the Arts Minister George Yeo said that the party could use the latest marketing methods to analyse the electorate. Chung Tsung Mien takes1,198 words
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Article, Illustration1001 1996-04-27 15 Leslie Fong - Thinking Aloud Leslie Fong WHAT, dear reader, is success to you? How do you measure it? What yardsticks do you use to compare yourself with your peers; My guess is that, if you are honest about it, you will admit1,001 words
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MONEY
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Article7096 1996-04-27 16 AND COMMERCIAL 0...: Hiflh Low Company Tradad Sala +or- 'OOO High Low Dlv% P/E smll Prica ASE NTJIO 200 US AcwSOe US 1M >1 68 185 184 SON 11.4 304.6 ml em *soe 428 cd +lO 48 428 422 27.5 13.4 708.0 421 320 320 t Alax7,096 words
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345 1996-04-27 17 THE market was set abuzz by Monday’s criticism of Hotel Properties Ltd by the Stock Exchange of Singapore for its “tardiness” in disclosing the sale of its Nassim Jade condominiums at a discount to a company director and a director’s wife. The SES also345 words
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Article82 1996-04-27 17 ST Industrials Index The Straits Times Industrials Index rose 2.22 points on the week to 2401.55. DAY CLOSE TURNOVER Monday 2378.96 (-20.37! 154.49 m ($383.733m) Tuesday 2378.73 (-0.23) 179.91 m (5522.790 m) Wednesday 2381.18 (+2.45) 115.88 m ($365.270m) Thursday 2384.751+3.57) 156.77 m ($358.099m) Friday 2401.55 (+16.80) 97.74182 words
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352 1996-04-27 18 Sales must be disclosed within two weeks THE Stock Exchange of Singapore (SES) has tightened its rules for listed companies selling units in property developments to directors ana other related parties. The SES’ tighter rules will have an impact on352 words
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Article1125 1996-04-27 18 Company Dttt •nn Not earn TV LY ($m) ($m> EPS TV IV (eta) (eta) *ISB* Mar 29 1 1448 1.973 1.4 1.9 Alliance Tocn Mar 26 P 7.679L 1.3801 Amateei* Mar 28 1 58.760 74 338 5.1 6.6 ANA Hotels Mar 29 P 3.795 3392 79 7.1 Aaiametrui1,125 words
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Article1526 1996-04-27 18 Payment (H) (X dot# Books clot# >ay data ABN-Amro Sfl F 401» May 6 NYA May 20 ABR Hldgs 5« r 3 Jun 28 Jul 4 Jul 16 Acma 50C F 15 Jul 1 Jul 5 Jul 18 Alcorn F 6TE Jul 2 Jul 8 Jul 22 Amt*k1,526 words
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Article296 1996-04-27 18 RIGHTS ISSUE Ex- Boom Aec t Company Ratio data cloaa Paymt Fralgnt Li«Ks Two*l fraa wrt-lor-four Apr 22 Apr 26 NYA $0.72 MBf Hldg» Ona-«or-two M 50.90 Apr 30 May 6 NYA Westmont Two-for-tlva M 53.00 Apr 30 May 6 NYA OTHERS Ex- Books ACC Company Ratio data296 words
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Article112 1996-04-27 18 fiMMon Riant» lam Alliance Four 3 wrts-for-ten T*ch <*> $1.00 Ameol One-for-two $2.05 lung Court Two-for-five $1.08 MBf H TSR96 One-for-two 9 M$0.90 Meiban Two-for-five 9 $0.38 MMC Three-for-five 9 M$2.00 Orchard P One-torone 9 $1.80 OCBC One-for-ten 9 $3.00 (U One-for-ten <P $5,16 (F) S'pore Fin One-for-flve112 words
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Article155 1996-04-27 18 Company Place Date Time MISC A Sarawak Room, Apr 22 11.00 am Basement 11. L E Shanqri-La Hotel, 11 Jln Sultan Ismail, ***** Kuala Lumpur OverSGen A Hotel Istana. Apr 23 10.00 am Topaz Rm, 23rd Fir, 73 Jln Raja Chulan. ***** Kuala Lumpur DCB Hldgs A Sarawak155 words
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129 1996-04-27 19 THE inflation rate slowed down to 1.5 per cent in March over the same month last year. It had risen to 1.6 per cent in February after three months of remaining below 1 per cent. Prices fell 0.4 per cent last month over February,129 words
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Article423 1996-04-27 19 Friday April 2« HKS ASM Pacific 7.55 -0.150 Allied Ind Inti 0 40 unch Allied Oversea 0.52 ■0.01 1.77 -0 22 Bank of EA 25 70 0.20 3 20 -0 02 CDL Hotel 4.42 0 08 2.55 0 05 12 90 010 Century City 1.78 unch Cheung Kong 53423 words
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Article462 1996-04-27 19 Mgrs' prices, April 30 Singapore Unit Trust The Commerce 1.82—1.92® The Savings Fund 1.72—1.82® S'pore Prog Fund 0.73—0.78® S'oore Sec Fund 1.09—1.16® S'pore Invest Fund 1.22—1 29® S'pore Equity Fund 0.85—0.90® Credit Lyonnais Infl Asset Mgt CL Asia-Pac Gr Fund 2.720—2.860’ CL S'pore Gr Fund 2.675—2.810’ CL Reg462 words
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434 1996-04-27 19 Tammy Tan - Outlook is one of prudent optimism, says Belgian firm By Tammy Tan BELGACOM in which Sin§apore Telecom (Sing Tel) and ingapore Press Holdings (SPH) have stakes expects to book 1996 group net profit of 11-12 billion Belgian francs (Ssso3 to 548 million), up from434 words
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279 1996-04-27 19 THE Singapore manufacturing sector grew by 8.1 per cent year-on-year in February, said the Economic Development Board (EDB) on Tuesday. The growth rate was significantly lower than that of the previous month, which recorded a 26 per cent rise. The lower growth rate was279 words
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355 1996-04-27 19 SINGAPORE’S non-oil domestic exports grew 12.3 per cent in real terms last month, giving a first-quarter growth figure ofl6 per cent, according to the latest Trade Development Board (TDB) figures. Non-oil domestic exports are an indicator of the output of Singapore’s export-oriented manufacturing economy, and355 words
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Article158 1996-04-27 19 COUNTER RATES Singapore dollars to one unit of foreign currency Buying OD Selling US dollar 1 3971 1.4131 Sterling pound 2.0877 2.1393 Australian dollar 1 0884 1.1225 Canadian dollar ***** 1.0416 NZ dollar 0.9402 0.9723 EC unit 1.7400 Singapore dollars to 100 units of foreign currency Austrian schilling 12.7115158 words
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Article143 1996-04-27 19 Contract data: April 26,1996 CURRENCY 1 MTH 3 MTH 6 MTH 9 MTH 12 MTH CALL VALUE DATE US$ 4v, 4 Vi 4’i 4 Vi 4 T i 4 W 30/4/96 A$ 6v« 6 Vi 6’i 6 Vi 6 Vi 5v 4 30/4/% NZ$ 8*4 8H 8143 words
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Article, Illustration438 1996-04-27 20 Kalpana Rashiwala - Conglomerate employs 30,000 worldwide By Kalpana Rashiwala n London ONE of Singapore’s largest business conglomerates, the Hong Leong Group, has for the first time revealed its size: It has assets of more than US$l6 billion (5522.6 billion). In a recently published438 words
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363 1996-04-27 20 Tammy Tan - By Tammy Tan SINGAPORE Technologies Industrial Corporation (Stic) is investing US$4O million <5556.4 million) in “hard” infrastructure projects in China, in a bid to broaden and deepen its infrastructure business beyond industrial parks The investment its largest since listing will be363 words
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355 1996-04-27 20 SINGAPORE Press Holdings (SPH) managed to increase its interim net profit by 5.7 per cent to $157.8 million despite higher newsprint prices, it said on Friday last week. The results were within analysts’ expectations and SPH shares were traded lightly yesterday.355 words
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447 1996-04-27 20 WHEN it comes to saving up to buy a car, girls are twice as likely as boys to do so, according to a recent survey. Consumer research firm Market Behaviour (Singa pore) found in its Survey of Teenagers’ Lifestyle and447 words
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Page 21 Advertisements
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Advertisement406 1996-04-27 21 The Straits Times W eekly Edition mmm ■m mmmmi m mill I i S® BAIN Company (Asia), Inc. INTERNATIONAL MANAGEMENT CONSULTANCY To apply for either position, send or fax cover letter, resume and transcripts to: Recruiting Co-ordinator Bain Company (Asia), Inc. 15th Floor Cosco Building 8 Robinson Road Singapore *****4406 words
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Page 22 Advertisements
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Advertisement953 1996-04-27 22 Singapore Telecom A career with Singapore Telecom places you at the forefront of global communications. You will play a key role in linking the world to Singapore by land, sea and air. Even now our submarine cables link us to two-thirds of the world, and our satellite earth stations communicate953 words
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FORUM
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Article, Illustration668 1996-04-27 23 IN THE report “PM Highly competitive or more relaxed people must decide” (ST Weekly. April 20), Prime Minister Gon Chok Tong addressed the fears of some that our society is becoming increasingly stressful. We are faced seemingly, with a choice between668 words
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351 1996-04-27 23 I READ the debate “Should Singapore slow down” between Mr Jimmy Phoon and Dr Jason Yap (see page 14) with interest. The debate assumes that one has a choice between moving faster and slower, between choosing more work and less. While some351 words
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361 1996-04-27 23 I REFER to Leslie Fong’s article “Would you break your back for five packs of rice?” (see page 15). I agree that success is definitely more than material well-being. Instead, material well-being should be a by-product of success, brought about by strong361 words
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348 1996-04-27 23 I REFER to Leong Chao Shine’s letter “Japan provides model for a gracious Asian society" (above). I agree that Japan has projected itself as a gracious society. But not all Asian countries can adopt the Japanese style, particularly multiracial societies. Japan is a homogeneous348 words
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582 1996-04-27 24 M. Nirmala - By M. Nirmala SINGAPORE will take two approaches to enlarge the pool of engineering and science graduates, said Education Minister Lee Yock Suan at a seminar last Saturday. Speaking to about 500 schoolgirls at the Nanyang Technological University, he said the government will582 words
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Article, Illustration469 1996-04-27 24 They will be fitted on its six Corvettes Republic of Singapore Susy (RSN) has bought the Barak anti-missile missile air defence system to equip six of its warships. Designed to protect ships t missiles, the new miss*. > will be fitted on the navy’s fleetPicture by LAU FOOK KONG. - 469 words