The Straits Times : Weekly Overseas Edition, 11 May 1996
1996-05-11
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The Straits Times : Weekly Overseas Edition
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Title Section21 1996-05-11 1 The Straits Times WEEKLY EDITION SATURDAY, MAY 11, 1996 Price: 551.20 (in Singapore) Elsewhere by subscription only MIT A (P) 008/08/9521 words
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Article, Illustration726 1996-05-11 1 Chua Mui Hoong - Govt will strive to meet S’poreans’ aspirations By Chua Mui Hoong PRIME Minister Goh Chok Tong said on Sunday that the task for his government in the 21st century was to build emotional bonds between Singaporeans, and between the people and the country. HePicture by TAN SUAN ANN. - 726 words
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832 1996-05-11 1 Warren Fernandez - By Warren Fernandez in Bandar Seri Begawan PRIME Minister Goh Chok Tong said on Wednesday that the People’s Action Party would field about 20 new candi dates in the coming general election as part of832 words
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Page 1 Advertisements
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Advertisement11 1996-05-11 1 NWC wants firms doing well to give special bonus: Page 2411 words
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Advertisement9 1996-05-11 1 Planning a CAREER Move CHECK OUT Pages 21 229 words
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NEWS FOCUS
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908 1996-05-11 2 SINGAPORE’S system is a transparent one and any allegations of wrong-doing* even by government ministers, will be looked into. Prime Minister Goh Chok Tong said on Wednesday. He added that having looked into the sale of properties at discounts908 words
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392 1996-05-11 2 Ann Williams - Two ideas: Balloting, more units for public launches By Ann Williams PRIME Minister Goh Chok Tong has met the Real Estate Developers Association of Singapore (Redas) to discuss his suggestions on the sale of new private housing units. Confirming392 words
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263 1996-05-11 2 SENIOR Minister Lee Kuan Yew and Deputy Prime Minister Lee Hsien Loong have decided to donate to charity the discounts they received from their purchase of properties from Hotel Properties Ltd. This decision was announced in a joint statement by SM263 words
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Article, Illustration549 1996-05-11 2 Perc report SINGAPORE has been rated as the safest country in Asia, according to a survey by Hong-kong-based Political and Economic Risk Consultancy (Perc) Limited. On a scale of zero to 10. with zero representing the best situation. the Republic’s rating of 1.25 madeTlmttgriphlcs; Source: PERC - 549 words
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708 1996-05-11 3 Brendan Pereira - Court’s decision ends ordeal for family By Brendan Pereira THE High Court on Tuesday dismissed a claim by United Overseas Finance against a widow and her two children for not repaying a $120,000 mortgage loan on their property which was applied for without708 words
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Article, Illustration479 1996-05-11 3 David Miller and; Chong Chee Kin - They were seated at a table along pavement ?y David Miller and Chong Chee Kin A NINE-YEAR-OLD boy, who was having dinner with his family outside a coffeeshop in Übi Ave 1, died in hospital about an hour after a car went outPicture by WONG POK SEE. - 479 words
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Article535 1996-05-11 3 Rav Dhaliwal - By Rav Dhaliwal NEW nightspots mushroomed last year, growing at a much faster pace than eating outlets and cashing in on a growing trend of business people going for a drink after work. While 76 bars, lounges and nightclubs closed down, 134 sprang up in their535 words
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HOME
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Article, Illustration792 1996-05-11 4 Chua Mui Hoong - Prudence, stability and confidence the hallmarks By Chua Mui Hoong PRIME Minister Goh Chok Tong last night highlighted three fundamental principles underpinning policy-making in Singapore: prudence, stability and confidence. These were the hallmarks of the Government's national management, and were the same principles whichPicture by ALBERT SIM. - 792 words
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Article, Illustration560 1996-05-11 4 Tan Ooi Boon - By Tan Ooi Boon THE Central Narcotics Bureau (CNB) yesterday issued a stern and unprecedented warning to 72 entertainment spots that they risk being shut down if their patrons or staff sell or use illicit drugs. CNB director Sim Poh560 words
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Article153 1996-05-11 4 THE Central Narcotics Bureau's repeated raids on nightspots here have apparently caused some Singapore drug addicts to flee across the Causeway. CNB director Sim Poh Heng said its relentless action to clean up drug activities in discos, lounges and nightclubs in the past two months153 words
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Article, Illustration589 1996-05-11 5 Warren Fernandez - By Warren Fernandez in Bandar Seri Begawan PRIME Minister Goh Chok Tong on Thursday told the Singapore community here that his goal of building bonds among Singaporeans applies to those who worked overseas as well. As more Singaporeans ventured abroad as expatriates, the589 words
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327 1996-05-11 5 STRESS seems to be affecting more and more young Singaporeans, said former president Wee Kim Wee. This was becoming even more noticeable with recent press reports on mental ailments, he said, adding: “The prominence these mental ailments have been given in the327 words
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Article, Illustration482 1996-05-11 5 TanHsuehYun - Jewish groups and Red Cross among beneficiaries By TanHsuehYun A RECLUSIVE Jewish millionaire here has left $28 million to charity after his death. The late Meyer Ezra Isaac, who was divorced with no children, died at the age of 90 in 1989 of482 words
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Article, Illustration559 1996-05-11 6 Leong Ching Ching - First precinct to be completed under interim upgrading programme By Leong Ching Ching A REJUVENATED Bukit Batok was unveiled on Sunday, the first precinct to be completed under the interim upgrading pro gramme for housing estates. Blocks 206. 207 and 208 got a559 words
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Article, Illustration296 1996-05-11 6 AN MP has four main roles, said Minister for National Development. Mr Lim Hng Kiang. As a legislator, an MP must represent residents’ views in Parliament. He must have the ability to understand policies and debate current issues. His other roles are: Petition-writer An MP must296 words
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Article, Illustration617 1996-05-11 6 Workers now understand productivity concepts and tools, such as QCCs, promoted over the last 15 years. The task ahead for the board is to get them to have the mindset to “do things systematically, economically, with great attention to details” to get617 words
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533 1996-05-11 7 About 100 households to be picked for trials later THE few minutes which Prime Minister Goh Chok Tong spent video-conferenc-ing at the opening of Tampines East Community Club on Sunday was the first successful demonstration of data transmission using cable modems533 words
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Article, Illustration211 1996-05-11 7 UNIVERSITY student Evelyn Choo thinks her eloquence was the clincher when she won the Miss Singapore 1996 title on Friday last week. Miss Choo, 20, who just finished her final examinations in European studies and philosophy at the National University of Singapore, was211 words
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528 1996-05-11 8 Brendan Pereira - By Brendan Pereira ROLEX watches became a hot talking point when the Chinese Swimming Club held its annual Seneral meeting recently. A eated debate took place after it became known that the management committee had given some club officials the watcnes as528 words
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Article, Illustration389 1996-05-11 8 A 41 YEAR OLD pastor, Mr Ng Kah Seng, (right) drowned when he tried to swim to a rock islet while on a camping trip to Pulau Tioman last week. The pastor, wno was also a theology lecturer at the389 words
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305 1996-05-11 8 THE top prize in the Singapore Sweep lottery will go up to $1.5 mil lion from July, the first change in the prize money in 12 years. Singa pore Pools said this followed feed back that “nowadays, one million doesn't305 words
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Page 5 Advertisements
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Advertisement85 1996-05-11 5 CALL FOR LESS 2V.£. r. 24 Hours A Day, 7 Days A Week For your Home or Business SINGAPORE usso.26/min FROM U.S.A. All calls are billed in 6 seconds increments with 30 seconds minimum AUSTRALIA US$O.25/min FRANCE IS $0.36/m in GERMANY US$O.39/min HONGKONG US$O.4l/min JAPAN US$O.33/min KOREA US$O.69/min MALAYSIA US$O.99/min85 words
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Page 7 Advertisements
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Advertisement201 1996-05-11 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,201 words
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Page 8 Miscellaneous
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Miscellaneous1243 1996-05-11 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 12201,243 words
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SPORTS
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Article, Illustration370 1996-05-11 9 Joe Dorai - Four others let off with stem warnings By Joe Dorai BALESTIER Central striker Marko Kraljevic was found guilty of ungentlemanly conduct ana slapped with a $l,OOO tine on Tuesday by the SLeague disciplinary committee. The Croat was punished for running towards the Woodlands Wellington370 words
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543 1996-05-11 9 Tay Cheng Khoon - Only those without full list can do so By Tay Cheng Khoon S-LEAGUE clubs which have not registered their full complement of 22 players will be allowed to do so before May 15. This was decided at a meeting of the eight543 words
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372 1996-05-11 9 S. Murali - Largest single sponsorship yet for the sport will be used for youth schemes By S. Murali RUGBY received its largest single boost when Singapore Pools announced that it would sponsor the Singapore Rugby Union's youth development programmes to the tune of $250,000 for one year.372 words
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MALAYSIA
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642 1996-05-11 10 Ho Wah Foon - 7th Malaysia Plan targets high-tech industries, services By Ho Wah Foon in Kuala Lumpur PRIME Minister Datuk Seri Dr Mahathir Mohamad unveiled in Parliament on Monday the Seventh Malaysia Plan which will lead Malaysia into a more sophisticated level of development and chart642 words
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Article, Illustration401 1996-05-11 10 Buyers duped out of millions by syndicate KUALA LUMPUR Police have arrested the mastermind and six others believed to be behind a syndicate which cheated dozens of property buyers in several states of millions of dollars through fictitious land deals. The Sunday401 words
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213 1996-05-11 10 NST KUALA LUMPUR Singer Ning Baizura is suing the firm which has managed her career for the past year. The award-winning 21-year-old singer said that she was taking the EPA Event Marketing, the company which set up Ning Baizura International (NBI) and run byNST - 213 words
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Article, Illustration446 1996-05-11 10 Salim Osman - By Salim Osman in Kuala Lumpur KUALA LUMPUR Parti Mela yu Semangat 46 president Tengku Razaleigh Hamzah confirmed on Thursday that he would rejoin Umno “en bloc" with his followers in the interest of Malay unity. But he did not say when446 words
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412 1996-05-11 10 Mahathir and Anwar to retain party jobs Bemama KUALA LUMPUR The Umno Supreme Council decided last Saturday that all the party divisions could nominate only Datuk Seri Dr Mahathir Mohamad for the post of president and Datuk Seri Anwar Ibrahim forBemama - 412 words
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SOUTH-EAST ASIA
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Article, Illustration432 1996-05-11 11 Fiscal, administrative incentives offered Boosting investments in Biak Islands Reuter, AFP JAKARTA Indonesia will offer fiscal and administrative incentives to boost investment in the Biak Islands, as part of its economic pilot project to develop the country's less-de-veloped eastern region, news reports said on Tuesday.Reuter,; AFP - 432 words
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Article, Illustration487 1996-05-11 11 Reuter, AFP. JAKARTA Indonesia ordered its border points to go on alert on Tuesday after a renegade businessman, Eddy Tansil, escaped from a high-security Jakarta jail where he was serving a 20year term for a US$447-mil-lion loan scam. Tansil left Cipinang prison in easternReuter,; AFP.; Kompas picture. - 487 words
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Article, Illustration560 1996-05-11 11 AFP. MANILA The Philippines’ House of Representatives has passed a Bill calling for the death penalty in certain cases for convicted paedophiles, according to officials here on Thursday. The Senate must pass similar legislation before President Fidel Ramos can sign it into law. Mr RamosAFP.; private organisation working for streetchildren. — Jan 21,1994 picture by AFP. - 560 words
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Article220 1996-05-11 11 -AFP. PHNOM PENH The Cambodian government, preparing for the formal consideration of its application to join Asean, has created an agency to oversee its membership, the Foreign Ministry said on Wednesday. Cambodia’s Asean Directorate-General is to be headed by long-time diplomat You Ay, the-AFP. - 220 words
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COMMENT/ANALYSIS
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Article658 1996-05-11 12 MAY 9, 1996 AS ONE of Asia's fastest growing economies. Malaysia looks set to achieve Prime Minister Mahathir Mohamad's ambition of transforming it into a developed country bv 2020. The mini bers in the Seventh Malaysia Plan, which spells out the government’s economic strategy, show658 words
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Article662 1996-05-11 12 MAY 7. 1996 COMMUNITY interaction spurred by the Internet, which 1'ampines has taken a step forward by upgrading its basic web page a* fortnight ago, can over time turn out to be an unexpect «1 bequest of this versatile electronic medium. Increasingly, that could have662 words
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Article681 1996-05-11 12 MAY 6,1996 A QUICK look at the updated Women’s Charter, which nad its second reading in Parliament last Thursday, should persuade the two groups of citizens most likely to be exercised over it that the amendments in effect make the law gender-neutral. This is not681 words
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Article, Illustration858 1996-05-11 12 Sonny Yap - By Sonny Yap LET us forgot about property discounts for a moment and talk about a gut issue. Laterally. What with the scare over mad cow disease, the discovery of spoilt frozen chicken parts and the rising incidence of paratyphoid fe' attributed858 words
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COMMENT/ANALYSIS
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Article, Illustration1180 1996-05-11 13 Tan Sai Siong - By Tan Sai Siong WHENEVER I hear Singaporeans complain about stress and this has become more frequent of late I am always reminded of an old but oncepopular song called The Streets Of London. The lyrics, addressed to an1,180 words
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1017 1996-05-11 13 Cherian George - By Cherian George THE recent interest in the state of public toilets seems at first whiff to be another of those Singaporean obsessions with problem-fixing. One almost expects a campaign around the comer, with jingles on television extolling one to aim and1,017 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, Illustration2041 1996-05-11 14 The labour movement celebrated May Day last week. But for low-skilled workers, the continuing influx of foreign workers poses several issues: Will their prospects be affected? Will they be squeezed out? And will efforts to upgrade their productivity be stymied? Chua Lee2,041 words
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Article, Illustration1140 1996-05-11 15 Parliament approved a Bill on Thursday last week to transfer the roll of Nanyang University graduates to the Nanyang Technological University. Up to now, the roll of graduates from the defunct Chinese university had been kept with the1,140 words
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Article, Illustration1051 1996-05-11 15 Leslie Fong - Thinking Aloud Leslie Fong HOW much is self-re-spect worth in Singapore? Would people put principles before prospects and risk their livelihood for something they believe in? Or would the fear of unemployment force them to take a deep breath and suffer in1,051 words
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MONEY
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Article7298 1996-05-11 16 INDUSTRIAL AND COMMERCIAL Transaction Date: Mav 10.19 96 1995 96 Curr Last Vol Day Gr's M Cap\ H Avg High Low Company Traded Sale +or000 High Low Div P/E Smil Price ASE NT510 200 us 214 165 Acer 50c US 190 •3 57 192 190 5 ON7,298 words
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382 1996-05-11 17 TRADING in Singapore stocks was cautious earlier this week, as jitters on Wall Street shook investor confidence here. The Dow Jones Industrial Average’s erratic performance was prompted by uncertainties in US interest rates and mounting bond yields, which provided an attractive alternative382 words
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Article77 1996-05-11 17 ST Industrials Index The Straits Times Industrials Index fell 43.04 points on the week to 2370.24. DAY CLOSE TURNOVER Monday 2400.68 (-12.60) 117.68m ($356.585m) Tuesday 2396.16 (—4.52) 92.89m ($277.150m) Wednesday 2371.83 (-24.33) 96.86m ($334.836m) Thursday 2374.60 (+2.77) 111 62m ($383.642m) Friday 2370.24 (—4.36) 79.52m ($262,040m) BT—MGA Index77 words
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427 1996-05-11 18 Sim Wai Chew - Under the new three-year agreement, which affects about 1,650 workers at OCBC, starting clerical pay will rise from $BOO plus a three-month annual wage supplement to $950 with a two-month annual wage supplement, OCBC’s assistant manager for corporate communications427 words
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Article1093 1996-05-11 18 Company Oat* •no Nat aarn TY LY ($m) ($m) IPS TV LY (eta) (eta) AISB* Mar 29 1 1.448 1.973 1.4 1.9 Amstoel* Mar 28 ***** 74.338 5.1 66 ANA Hotels Mar 29 P 3.795 3.392 79 7.1 Asiamatrlx Mar 29 P 4.934L 3.176L Bolton* Mar 28 P1,093 words
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Article1497 1996-05-11 18 Payment C> Books *•7 date cleaa date ABN-Amro Sfl F 40h May 6 NYA May 20 ABR Hidqs 5( F 3 Jun 28 Jul 4 Jul 16 Aetna 50C F IS Jull Jul 5 Jul 18 Ale pm F 6TE Jul 2 Jul 8 Jul 22 Aiteeh 5C1,497 words
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Article122 1996-05-11 18 SONY Corporation’s Singaporebased operations will spearhead the consumer electronics giant’s entry into the information technology business through the establishment of its first Internet hub by June. Singapore would be the test market for Sony’s Star Port project, an Internet-based service provider, Sony International (Singapore) Ltd122 words
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Article293 1996-05-11 18 RIGHTS ISSUE Company Ratio exdate Books Ace i close Raymt Froight Links Two»1 trap wrt-for-four SO.72 Apr 22 Apr 26 NYA MMC Thfoo-lor-tlvo 9 MS2.00 May 9 May 23NYA MSI Hldgs One-for-two (O MS0.90 Apr 30 May 6 NYA Westmont Two-for-five M$3.00 Apr 30 May 6 NYA BONUS293 words
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Article101 1996-05-11 18 Alliance Four 3 wrts-for-ten T#ch $1.00 Amcol One-tor-two $2.05 Liang Court Two-for-five $1.08 MBt H TSR96 One-tor-two M$0.90 Meiban Two-for-five ®> $0.38 Orchard P One-for-one $1.80 OCBC One-for-ten $3.00 (L) One-for-ten <*> $5.16 (F) S'pora Fin One-for-llve $2.30 S'pora Ra One-for-two $1.30 Vikay ind Two-tor-flve $0.00 Wt Three-tor-ten101 words
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Article146 1996-05-11 18 Company mace Date Time Keck Seng (M) Berhad C Sri Pontian Poem Hyatt Regency Jin Sungai Chat ***** Johor Bahru May 6 9.30am Land 6 General Bhd A Hotal istana Topaz Room. 23rd Floor 73 Jin Raja Chuian May 6 10.00 am Steamers Maritime Hldqs Ltd A Emerald146 words
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443 1996-05-11 19 Douglas Wong - By Douglas Wong TRADE and Industry Minister Yeo Cheow Tong kicked off Singapore’s latest strategy to remain competitive on Wednesday by awarding $43 million in grants to 32 companies under the Gov ernment’s Innovation Development Scheme (IDS). “To remain competitive and justifv our443 words
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Article506 1996-05-11 19 Friday May 10 HK$ ASM Pacific 7 45 unch Allied Ind Int’l 0 43 0 02 Allied Oversea 0 54 -001 Asia Sec Int 1.53 -0 03 Bank of EA 25 30 unch C P Pokphand 3 30 0 05 CDL Hotel 4 40 0 05 Cafe De Coral506 words
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Article529 1996-05-11 19 Mgrs’ prices. May 11 13 Singapore Unit Trust The Commerce 1 80—1.90*8 The Savings Fund 1.70-1.80a S pore Prog Fund 0.73-0 78a S pore Sec Fund 1.08-1 15® Spore Invest Fund 1.19-1.26« S'pore Equity Fund 0 84-0 89» Credit Lyonnais Int'l Asset Mgt CL Asia-Pac Gr Fund 2.685-2.820*529 words
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458 1996-05-11 19 It helps sector withstand external shocks: Richard Hu A SOUND financial regulatory framework will take on even greater importance in a liberalised environment as it enables the financial system to withstand ex temal shocks, said Finance Minis ter Richard Hu on Wednesday. He was458 words
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466 1996-05-11 19 JeanChia - By JeanChia MEMBER of Parliament Ong Chit Chung has opted to relinquish his executive post in food group QAF to head Singapore-based, Hong-kong-listed Sum Cheong International. Sum Cheong's recently reinstated management team was also endorsed on Sunday by secondlargest466 words
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Article163 1996-05-11 19 COUNTER RATES Singapore dollars to one unit of foreign currency Buying OD Selling US dollar 1 3942 1.4102 Sterling pound 2.1038 2.1558 Australian dollar 1.1018 1.1363 Canadian dollar ***** 1.0359 NZ dollar 0.9474 0.9797 EC unit 1.7481 Singapore dollars to 100 units of foreign currency Austrian schilling *****8 *****5163 words
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Article128 1996-05-11 19 Contract date: May 10, 1996 CURRENCY 1 MTH 3 MTH 6 MTH 9 MTH 12 MTH CALL VALUE DATE US$ 4V« 41* 5 5 5 4:14/5/96 A$ 6'« 6'. 6 7 6 7 7 5 o 14/5/96 NZ$ 8 7 8-, 8 1 8>. 8 s 7v,128 words
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850 1996-05-11 20 Alvin Tay - Proposal to raise bank shareholders’ funds tosl.sb By Alvin Tay THE Singapore Government has proposed to raise the minimum shareholders’ funds of existing locally incorporated banks from $800 million to $1.5 billion. And anyone who wants to start a850 words
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204 1996-05-11 20 THE Myanmar Business Group with 117 companies as members was launched here on Tuesday to spearhead Singapore’s growing business links with Myanmar. The group aims to assist Singapore companies in their trade and market development efforts and joint ventures in Myanmar. Trade and204 words
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200 1996-05-11 20 SINGAPORE Telecom and 18 other international telecommunications administrations from South-east Asia, the Middle East and western Europe have invited tenders for tne construction of a new' 19,000 km long submarine cable superhighway. The state-of the art submarine digital lightwave system, called SEA-ME-WE200 words
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Article, Illustration406 1996-05-11 20 Douglas Wong - The new division will also strengthen PSA’s focus on its present projects in China, India, Indonesia, Vietnam, South Korea, Hongkong and Italy. By Douglas Wong THE Port of Singapore Authority (PSA) has set up an international business406 words
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Page 21 Advertisements
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Advertisement781 1996-05-11 21 The Straits Times Weekly Edition IvXvXvtv m m Prime Minister's Office Public Service Division (PSD) Looking for a challenging career? Looking for continuous learning? Looking for variety in career? Look no further. PSD has vacancies for: PERSONNEL EXECUTIVES/ PUBLICITY OFFICER/ CORPORATE SERVICES OFFICER Starting Salary: The starting salary depends on781 words
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Page 22 Advertisements
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Advertisement945 1996-05-11 22 'Building A World-Class Land Transport System We are looking for people with driving ambitions to realise our vision of providing Singapore with a world-class land transport system. We invite you to be part of the team to undertake the bold challenge of solving tomorrow's transport problems TODAY. Manager, Corporate Communications945 words
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FORUM
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515 1996-05-11 23 Foreign participation is essential to help revive the market for local stocks. MR GOH Chok Tong, in his address to the World Trade Congress, underlined Singapore's commitment to free trade. As a global city, our economy has to be in tune with the515 words
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910 1996-05-11 23 The learning of Chinese language I REFER to the letters by Ms Cindy Lit-Tan Hui-Cheng “Language-learning needs apEraisal” and Mr Julian Lit Kok eong “Main purpose of learning language is to communicate” (ST Weekly Edition. April 13) on the current state of affairs910 words
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876 1996-05-11 23 I HAVE never agreed more with Leslie Fong than when I read his latest Thinking Aloud column “What price self respect in the face of adversity” (see page 15). 1 have increasingly come across friends, acquaintances. even cabbies, who, though876 words
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589 1996-05-11 24 Ahmad Osman - By Ahmad Osman COMPANIES doing much better than expected should consider paying their staff a special bonus, the National Wages Council (NWC) said yesterday. The one-off bonus should be over and above the tormula agreed upon between employers and workers, it589 words
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Article, Illustration344 1996-05-11 24 Koh Boon Pin - By Koh Boon Pin THE National Heritage Board has received a donation of 477 rare drawings worth almost $3 million for the Singapore History Museum. Prominent Singapore stockbroker Goh Geok Khim on Friday last week presented the Farquhar Collection of Natural History344 words
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335 1996-05-11 24 Chang Ai-Lien - By Chang Ai-Lien A SINGAPORE Airlines stewardess was robbed near her hotel in a famous red-light district in Sydney, Australia, on Monday night. One of the victim’s colleagues told The Straits Times that the group of 19 stewards and stewardesses had checked335 words