The Straits Times : Weekly Overseas Edition, 4 May 1996

Total Pages: 23
1 24 The Straits Times : Weekly Overseas Edition
  • 20 1 The Straits Times WEEKLY EDITION SATURDAY, MAY 4, 1996 Price: 551.20 (in Singapore) Elsewhere by subscription only MITA (P) 008/08/95
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  • 450 1 PARLIAMENT on Thursday approved the Advance Medical Directive Bill, which allows adult Singaporeans to state in advance if they wish to stop medical treat ment when they are terminally ill, where death is imminent and there is no hope of recovery. Health Minister George
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  • 713 1  -  Govt to ensure everyone benefits from growth By Chua Mui Hoong PRIME MINISTER Goh Chok Tong told Singaporeans on Wednesday that nis government would ensure “a share for all” in the country’s economic growth and prosperity. The Government would work to enlarge
    Picture by LIM SENG TIONG.  -  713 words
  • 613 1 SINGAPOREANS should not be “seduced by idealistic arguments” and vote for opposition candidates who appeared credible, as this could result in a freak election result with the opposition forming the Government, Mr Goh Chok Tong said on Wednesday. He urged
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  • Page 1 Advertisements

  • NEWS FOCUS
    • 748 2 Interview with Asiaweek It will address concern over daily cost of living THE People’s Action Party will be campaigning on its broad vision tor Singapore at the coming general election, and it wants Singaporeans to think of the kind of
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    • 614 2  -  24 others also receive awards this year By Ahmad Osman LABOUR Minister Lee Boon Yang topped the list of 25 winners of the NTUC’s May Day awards for this year. He received the Medal of Honour for helping NTUC Income to
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    • 322 2  -  By Brendan Pereira MORE liberal publicity rules governing lawyers here came into effect on Wednesday, giving firms doing regional legal work a boost and allowing advertising on the Internet. The amendments proposed by the Law Society received the approval of Chief Justice Yong Pung How
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    • 409 3 SINGAPORE and Hongkong signed an air services agreement on Tuesday, providing for the continued growth of air services be yond 1997 when the territory returns to China. It was signed in Hongkong by the Singapore Minister for Communications, Mr Mah
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    • 497 3 Top spot rating maintained for last four years THE Singapore Government has once again been rated the most proficient among 47 countries as sessed by American-based risk consultancy unit, Beri. It also scored the highest in three out of four sub-indices used and came
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    • 575 3 Parliament to debate discounts PRIME Minister Goh Chok Tong has said there is no reason Tor Senior Minister Lee Kuan Yew and Deputy Prime Minister Hsien Loong to hand over to the Government the discounts they received from Hotel
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    • 505 3  -  By Wang Hui Ling PRIME Minister Goh Chok Tong on Wednesday painted a vision of a 21st century Singapore in which different ethnic communities identified themselves strongly as Singaporeans while retaining their racial, religious and cultural identities. “I see Singapore of the
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  • PARLIAMENT
    • 532 4 Further input from public and other parties needed PARLIAMENT on Thursday sent the proposed amendments to the Women’s Charter to a Select Committee for further input from the public and other interested parties. Moving the Bill in its second reading. Community Development Minister
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    • 282 4 THE issue of who the head of the family is does not arise when deciding which parent is to pay a fine for a child found guilty of an offence by the Juvenile Court, said Senior Parliamentary Secretary for Law
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    • 432 4 THE Government will have more teeth to tackle rising complaints against moneychangers and remitters, with the passing of the Moneychanging and Remittance Businesses (Amendment) Bill on Thursday. The new laws will increase the maximum penalties for illegal money-changing and remittance activities
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    • 392 4 FOREIGNERS own 9 per cent or about 13.000 of the 140,000 private residential properties here, said National Development Minister Lim Hng Kiang. Disclosing these and other figures on foreign ownership of properties for the first time on Thursday, he said that in terms
      Source: MND; Timesgraphics  -  392 words
    • 384 5 THERE are no plans for overseas Singaporeans to vote by post or at a Singapore embassy at the next election, said Prime Minister Goh Chok Tong. He made this point on Thursday in a written reply to a question
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    • 486 5  -  http://www.gov.sg/parliament/ Reports by: Chua Mui Hoong, Wang Hui Ling, Pang Gek Choo, Reports by: Chua Mui Hoong, Wang Hui Ling, Pang Gek Choo, Ng Wei Joo, Chua Lee Hoong, Jason Leow and Eileen Khor. Chua Lee Hoong, Jason Leow and Eileen Khor. PARLIAMENT has gone
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    • 530 5 THE move to allow corporate bodies such as the Jurong Town Corporation (JTC) to buy resale flats to house foreign workers will not have a significant impact on HDB prices or create social problems in estates, National Development Minister Lim Hng Kiang said
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  • Page 5 Advertisements
    • 83 5 CALL FOR LESS JST.JE. T. 24 Hours A Day, 7 Days A Week For your Home or Business SINGAPORE usso.26/m.n FROM U.S.A. All calls are billed in 6 seconds increments with 30 seconds minimum AUSTRALIA US$O.25/min FRANCE US$O.36/min GERMANY US$O.39/min HONGKONG US$O.4l/min JAPAN US$O.33/min KOREA US$O.69/min MALAYSIA US$O.99/min NEW ZEALAND
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  • HOME
    • 482 6  -  By Rav Dhaliwal MORE than 1,200 waterfront homes are to be built on Pulau Seringat as part of a major plan to develop seven southern islands with better recreational facilities and jetties. The seven islands to be spruced up under the Urban Re
      Timesgraphics  -  482 words
    • 285 6 FROM next year, those who want volunteer polytechnic students' help to fill tax forms might be asked to make a donation to tyAnother payment some tax payers might nave to cough up is a small fee if they ask
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  • Page 6 Miscellaneous
    • 1245 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 Business
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  • SPORTS
    • 741 7  -  Sailing star clinches Sportsman of the Year award for third time SNOC AWARDS By Hakikat Rai SAILOR Benedict Tan and swimmer Joscelin Yeo were crowned the king and queen of Singapore sport on Friday last week. While 16-year-old Joscelin’s selection as Sportswoman of Year
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    • 159 7 TIMING will be a key element in Singapore’s hopes for the Atlanta Olympics. Shooter Lee Wung Yew and swimmer Thum Ping Tjin did not have to be reminded of that. For the pair turned up early at Takashimaya on Friday last week for
      Zaobao picture.  -  159 words
    • 352 7  -  But life ban on Jojo Sinclair remains By Santokh Singh THE one-year, world wide ban on the Singapore Bodybuilders Federation has been lifted, but the life ban on leading woman bodybuilder Jojo Sinclair remains. An appeals committee, appointed by the International Federation of
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  • MALAYSIA
    • 465 8 Connection from eastern part to boost trade, tourism JOHOR BARU Johor is studying the possibility of a third link to connect the eastern part of the state with Singapore in a move to promote trade and tourism with the Republic, according to
      Ttmwyiplilci; Sourer Utusan Malaysia  -  465 words
    • 495 8  -  Alleged palace interference in state administration By Ho Wah Foon in Kuala Lumpur PARTI Melayu Semangat 46 (PMS 46) on Thursday expressed surprise at Prime Minister Datuk Seri Dr Mahathir Mohamad’s remarks that Umno would support Parti Islam in the constitutional amendment
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    • 327 8 PETALINGJAYA-A marketing communications manager was shocked to read reports of his “death" in newspapers which branded him as an armed robber killed in a police shootout in Jalan Imbi on Wednesday last week. The Star on Friday last week quoted
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    • 235 8 Bemama. KUALA LUMPUR United States President Bill Clinton has praised Malaysia for its “impressive" economic growth which had contributed to an increase in economic ties between the two countries. “Under the leadership of Prime Minister Datuk Seri Dr Mahathir Mohamad, Malaysia’s economy has grown at
      Bemama.  -  235 words
    • 428 8 from holding office under Malaysian law. Bernama. Reuter, AFP. KOTA KINABALU Sabah Chief Minister, Datuk Salleh Said Keruak. has resigned in line with a promise made to share the job among the state’s three main ethnic groups. Shortly after he
      from holding office under Malaysian law. — Bernama. Reuter, AFP.  -  428 words
    • 122 8 NST. LANGKAWI A family outing at the beach in Pantai Tengah turned into a tragedy on Sunday when two siblings died after being stung by jellyfish while swimming. A Langkawi police spokesman said Lee Chooi Lin, 16, and her brother, Chee Fei, 12,
      NST.  -  122 words

  • SOUTH-EAST ASIA
    • 793 9  -  President Ong and PMGoh pay last respects By Paul Jacob Indonesia Correspondent JAKARTA Indonesians bade farewell to their late First Lady Tien Suharto, observing a nationwide 30-second period of silence at noon on Monday about two hours before she was ‘finally laid to rest
      Reuter picture.  -  793 words
    • 750 9  -  Veterans’ group backs Suharto for 7th terms in office By Paul Jacob. JAKARTA More than 67,000 officials from Indonesia’s National Election Commission on Wednesday began a 20-day voter-registra-tion exercise across the country for next year’s general election. Their first stop in the capital was at the
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    • 332 9 SENIOR Minister Lee Kuan Yew has sent a letter of condolence to Indonesian President Suharto, saying that he and Mrs Lee snared the President’s deep grief over the death of his wife. “Her passing is a great loss”, he said of the 72
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  • COMMENT / Pick of the week’s editorials
    • 683 10 MAY 4,1996 IF MR Klaus Jurgen Hedrich, the chairman of the board of governors of the Asian Development Bank (ADB), has been quoted correctly, some of his remarks at the bank's annual conference in Manila bordered on impertinence. Being in and of Asia, Singapore
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    • 684 10 MAY 2.1996 REPORTS which this newspaper has been carrying of late on scientific research being done by Singapore's two universities ought to open the public's eyes to the changing role in the system thev operate in. One aspect is that the National University of Singapore, even
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    • 691 10 APRIL 30. 19% THE collection of islands off the lower tip of Singapore, known as the Southern Islands, has long excited the imagination of developers and Singapore’s own moneyed set. Blessed with calm waters, thick foliage and the ambient charm of the mainland’s skyline and
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    • 861 10  -  By Sia Cheong Yew IT WAS absolutely no surprise, in a paper-chasing society like ours, to read about parents attending Chongfu Primary School’s mathematics and English comprehension workshop two Saturdays ago. There they were. 369 enthusiastic parents in all, listening, questioning and taking
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  • COMMENT / ANALYSIS
    • 1252 11  -  Rich men can afford to be as principled as they want, as their wealth and power will insulate them from adverse consequences arising from their action. Thus when people of means champion hopeless or unpopular causes, they have
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    • 1019 11  -  By Paul Jansen THE World Wide Web is a waste of time. It is mainly a potpourri of meaningless ego pages and morally corrupting sites. And even if you wanted to download any of this, the time taken to do so would make
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  • CPF Newsline A CORPORATE NEWSLETTER OF THE CPF BOARD 02/96
    • 227 12 / 13  -  By Chen Jingwen, SPH The government w ill inject more money into your CPF account for your Medisave and for you to buy shares when major government-owned corporations go public. For example: Pre-Medisave Top-Up Scheme: As w ith last year’s PreMedisave T’op-l p Scheme, every
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    • 126 12 / 13 Do you know that you can use your Minimum Sum to earn an income in your old age? To find out more about the various investment options for your Minimum Sum, attend the seminars lined up from next month till year end. Five seminars will
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    • 211 12 / 13 Members who have turned 55 on or after I July last year are required to set aside a Minimum Sum of $40,000 in their Retirement Account. At least $4,000 must be in cash while the remaining $36,000, can be pledged with a property. The Minimum
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    • 414 12 / 13  -  By Chen Jingwen, SPH CPF members will be able to invest their funds in more areas with the merger of the CPF Basic Investment Scheme (BIS) and Enhanced Investment Scheme (EIS). T he merger will form the CPF Investment Scheme (CPF IS). Below are some questions
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    • 119 12 / 13 For as little as 1 a month, you can apply for MediShield for vour children. Pay a little more $3 to $5 and you will have MediShield Plus. Payment is easy too, as you can use your Medisave funds to pay the premiums. Don't take chances.
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    • 219 12 / 13  -  By Eugenie Tan, CPF Board Accounts executive Mok Yew* Leong of Vincent Shipping has stopped making monthly trips to the CPF main office to submit his employer’s CPF contributions. Mr Mok has been sending payment details from the comfort of his office, thanks
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    • CPF IN SHORT
      • 185 12 / 13 CPF members will have their funds credited into their accounts two days earlier when a new payment system is introduced in May Members can therefore be assured that payments for their housing loans can be maae on time. For 94,000 employers in Singapore, the system
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      • 96 12 / 13 More CPF information, such as the latest CPF news and happenings, have been added to our Web site. They come under a new segment called "What's Hot!" and can be found at http://www.ncb.gov.sg/cpf besides CPF schemes and policies, you can also read the latest
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      • 54 12 / 13 When you report a change in your home address to the National Registration Office, Neighbourhood Police Post or Police Division HQ, your address record maintained at the CPF Board will also be automatically updated the next working day, thanks to Oscars, the One-Stop Change
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      • 40 12 / 13 The Medisave contribution ceiling has been raised by 1,000 to 19,000 for both pensionable and non*pensionable employees. Tne prescribed sum to be retained in Medisave at age 55 has been increased by $1,000 to $14,000.
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      • 25 12 / 13 Members with enquiries on their statement of accounts, CPF PAt services and government grants can call our new tolrnee line at 1800-227-1188.
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  • Page 12 / 13 Advertisements
    • 22 12 / 13 EXCELLENCE IN PUBLIC SERVICE. ANOTHER PUBLIC C O M M U N I C A T I O N EFFORT BY CPF
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    • 47 12 / 13 Internet: http://www.ncb.gov. sg/cp/. If you have suggestions on how we can further improve our services, please write fax or e-mail to: The Manager Public Affairs Branch Central Provident Fund Board CPF Building 79 Robinson Road Singapore *****7 Fax: 225-8732 E-mail: cpfboard@singnet.com.sg a* TOGETHER LOOKING AFTER OUR FUTURE
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  • INSIGHT A LOOK AT THE ISSUES OF THE DAY BY THE STRAITS TIMES POLITICAL DESK
    • 1912 14 Some Singaporeans have called for curbs on foreign purchase of private property here. Are property prices really being pushed up by foreigners? Or are frustrated house-hunters trying to find a scapegoat? Wang Hui Ling finds out. November 1991: a
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    • 1151 15 Ethnic enclaves still remain here, notes NUS geography lecturer Cheng Lim Keak in his analysis of the population. He expressed the hope that they would disappear with the Government’s policy of maintaining the racial mix within each block and neighbourhood in public housing
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    • 1236 15  -  Singapore as a living experience is not a cross between Tokyo, New York and Rome which some perversely status-seeking upwardly mobile types imagine it to be. Outside of Orchard Road and the riverine fun enclaves is another world. Neither can the city-state be
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  • MONEY
    • 7359 16 INDUSTRIAL AND COMMERCIA L Transaction Date: May 3.1996 1995 96 Curr Vol Day Gr's Vt Avg High Low Company Traded Sale Of000 High Low Div P/E Smil Price ASE NTS10 200 us 214 165 Acer 50c US 190 4 262 192 186 SON 118 3145 494 320
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    • 286 17 A HOLIDAY-shortened week kept investors mostly on the sidelines to await more favourable developments. There was a lack of buying Srt from foreign institutional resulting in widespread losses of foreign tranche stocks. The government’s commitment to address fast-rising property prices caused some investors
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    • 68 17 ST Industrials Index The Straits Times Industrials Index rose 11.73 points on the week to 2413.28. DAY CLOSE TURNOVER Monday Closed Tuesday 2415.66 (+14.11) 95.46m ($269.125m) Wednesday Closed Thursday 2408.291-7.37) 145.27m ($388.485m) Friday 2413.28 (+4.99) 132.76m ($415.787m) BT— MGA Index The BT—MGA Index fell 12.05 points on
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    • 490 18 IN TERMS of the profitability of banks and financial institutions in Singapore, 1994/95 was a year of contrasts, according to a survey. Said KPMG Peat Marwick Management Consultants, which published the survey: "The slowdown in stock market activity, coupled with difficult trading
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    • 200 18 Kvodo. HONGKONG Singapore Airlines <SIA) has topped Asian Business magazine's list of most admired companies active in Asia for the second year in a row. The magazine asked 9.000 chief executive officers and senior managers in Asia to rank 250 of Asia’s largest companies
      Kvodo.  -  200 words
    • 1144 18 Company Oat* ann Nat tarn TV LY <$m) ($m) CPS TV LY (eta) (eta) AISB* Mar 29 1 1.448 1.973 1.4 19 Amattal* Mar 28 ***** 74.338 5.1 66 ANA HotOIS Mar 29 P 3.795 3.392 79 71 Asiamatru Mar 29 P 4.934L 3.176L Bolton* Mar 28 P
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    • 283 18 RIGHTS ISSUE ExBooks Acc 6 Company Ratio date close Raymt Freight Link! Two*! Iroa wrt-for-four Apr 22 Apr 26 NYA SO.72 MBf Mldgs One-for-two 9 MS0.90 Apr 30 May 6 NYA Westmont Two-for-five 9 MS3.00 Apr 30 May 6 NYA BONUS ISSUE ExBooks Company Ratio date close Guthrie
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    • 1536 18 Paymant (%> Ex data Booki doit Pay data ABN Amro 5fl F 40h May 6 NYA May 20 ABR Hldgs 5C F 3 Jun 28 Jul 4 Jul 16 Acma 50C F 15 Jult Jul 5 Jul 18 Alcorn F 6TE Jul 2 Jul 8 Jul 22 Aattch
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    • 101 18 Alliance Four 3 wrts for-ten Tech $1.00 Amcol One-for-two 9 $2.05 Liang Court Two-tor-five $1.08 M8I H TSR96 One-tor-two 9 MS0.90 Meiban Two-tor-five 9 $0.38 Orchard P One-tor-one 9 $1.80 OCBC One-tor-ten 9 $3.00 <U One-for-ten $5.16 (F) S'pore Fin One-for-five 9 $2.30 S'pore Pe One-tor-two 9 $1.30
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    • 173 18 Company Place Date Time FELS t Keppei Corporation Ltd Board Room 32S Telok Siangan Road (*****1) Apr 30 10.00am lum Chang Hldgs Ltd E 38 Kim Tian Road •03-00 Kiam Tian Plaza (*****2) Apr 30 10.00am Pan Malaysia Camant Works Bhd A Ming Crystal Ballroom Ming Court Hotel
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    • 297 19 DHL unveils Export Indicator findings SINGAPORE is the easiest market to trade in, according to top AsiaPacific executives polled by The Gallup Organisation. The first DHL Export Indicator, a quarterly survey commissioned by DHL Worldwide Express and undertaken by Gallup, found that exporters across
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    • 474 19 Friday May 3 HK$ ASM Pacific 7 50 -0.050 Allied Ind Inti 0 42 -0.01 Allied Oversea 0.52 unch Asia Sec Int 1.72 -0 04 Bank of EA 25 80 -0 15 C P Pokphand 3 33 -0 17 CDL Hotel 4 40 -0 10 Cafe De Coral 2
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    • 480 19 Mgrs’ prices, May 4 6 Singapore Unit Trust The Commerce 1.83-1.93® The Savings Fund 1.73-1.83® S'pore Prog Fund 0.73-0.78® S'pore Sec Fund 1.10-1 17® S'pore Invest Fund 1.21-1.28® S'pore Equity Fund 0.86-0.91® Credit Lyonnais Infl Asset Mgt CL Asia-Pac Gr Fund 2.760-2.900- CL S'pore Gr Fund 2.730-2.870* CL
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    • 278 19 ARCHITECT and businessman Albert Hong Hin Kay has resigned as executive deputy chairman and director of Indonesiancontrolled L&M Group Investments. In a brief announcement on Wednesday, the construction and property company's board announced that Mr Hong had quit both posts with effect from Wednesday. It did
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    • 529 19  -  By Jean Chia INCUMBENT directors of Hong kong-listed Sum Cheong International led by Mr Oei Hong Leong on Tuesday garnered more votes at an extraordinary general meeting (EGM) to maintain board control, beating a contesting camp led by Indonesian bom businessman
      Timesgraphics  -  529 words
    • 158 19 COUNTER RATES Singapore dollars to one unit of foreign currency Buying OD Selling US dollar 1.3946 1 4106 Sterling pound 2.0752 ***** Australian dollar 1 0954 1 1297 Canadian dollar 1.0156 1 0392 NZ dollar 0.9471 ***** EC unit 1.7391 Singapore dollars to 100 units of foreign currency Austnan
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    • 128 19 Contract date: May 3, 1996 CURRENCY 1 MTH 3 MTH 6 MTH 9 MTH 12 MTH CALL VALUE DATE US$ 4‘. 4S 5 5 s 5 Mi 4 s 8/5/96 AS 6S 6 s 6 s 6s 6 s 5s 7/5/96 NZ$ 8s 8% 8S 8 s
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    • 567 20  -  Plot will house first underground shopping mall here By Colin Tan IN ITS first commercial launch this year, the Urban Redevelopment Authority (URA) has put on sale a prime site that will feature Singapore's first underground shopping mall. The Esplanade Mall site
      Timesgraphict  -  567 words
    • 488 20  -  By Douglas Wong THE Stock Exchange of Singapore (SES) has amended its rules governing transactions between companies and their directors and related parties to define more clearly those that require shareholder approval. The new rules for which no waivers will now be
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    • 330 20 THE Real Estate Developers’ Association of Singapore (Redas) will ask its members to keep at least 50 per cent of a project’s units for public launch. Redas also came out on Friday last week with a survey whicn showed that up
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  • Page 21 Advertisements
    • 928 21 The Straits Times Weekly Edition i?:- -I* x.Xv •:>. V'! •v S Hi HH r H ij ]WP Nanyang -i- M l Polytechnic The Nanyang Polytechnic, established by the Singapore Government in April 1992, provides diploma education and training opportunities for young adults in close cooperation with industry, corporate partners
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  • Page 22 Advertisements
    • 763 22 YOU UP TO THE MARK FOR CHALLENGES? The EDB's contribution to Singapore's developed nation goal is through developing world-class industry and services clusters. We are looking for people with strong analytical, communication and interpersonal skills, and the commitment to participate in Singapore's development. With us, you will discover a world
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  • FORUM
    • 263 23 I REFER to TCS’ recent ironic bid to get the teenage girl who returned home after disappearing from home for three days to act in a television series. The 15-year-old girl ran away from home after her mother threatened to shave her head bald
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    • 195 23 I REFER to the letter “TCS must not encourage bad behaviour” by Mr Kelvin Peh Yeow Koon (above). I feel that he has made a wrong conclusion on TCS’ decision to cast the once-delinquent girl in a television serial portraying herself. TCS’ decision is not, as
      195 words
    • 465 23 I BOUGHT a new car from a reputable car company in February at a total purchase price of $140,000. On the day of its deliveiy, I noticed that the front windscreen was slightly chipped, the car was not polished properly and
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  • Page 23 Advertisements
    • 189 23 Home Delivery Weekly I 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.
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  • 662 24  -  No hasty action; ‘no’ to calls to curb foreign buyers By Ann Williams THE Government is monitoring the private property market carefully to see if it needs to adjust foreign ownership rules or dampen excessive property speculation but it will not act
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  • 96 24 POWERFUL jets of water from a fountain at the heart of Suntec City Mall provide a spectacular view for those who eat at the Fountain Terrace nearby. The elevated bronze-ringed fountain, which shoots water 30 m in the air, is 13.8 m high and
    ■ Picture by STEVEN LEE  -  96 words