The Straits Times : Weekly Overseas Edition, 7 December 1996

Total Pages: 22
1 24 The Straits Times : Weekly Overseas Edition
  • 21 1 The Straits Times WEEKLY EDITION SATURDAY, DECEMBER 7 '996 Price: 551.20 (in Singapore) Elsewhere by subscription only MIT A (P) 156/08/96
    21 words
  • 512 1  -  It will be biggest subterranean complex in region if project is approved By Dominic Nathan CAVERNS large enough to hold Ngee Ann City are likely to be aug into the hills beneath Kent Kiage Park to nouse laboratories and offices. The subterranean complex will provide
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  • 732 1  -  Important to stay united to meet tougher competition ahead By Chua Mui Hoong SINGAPORE has not yet arrived either as a self-sustaining economy or as a nation and cannot afford to let up the pace of economic growth or its efforts
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  • NEWS FOCUS
    • 615 2  -  Design work begins next year, opening targeted for 2004 to keep Changi’s top status By Rav Dhaliwal THE Government is going ahead with the building of a third terminal costing $1.5 billion at Changi Airport, even though the existing two termi nals nave not
      fOOHWEIWEN  -  615 words
    • 441 2  -  By Tuminah Sapawi FANDI AHMAD’S December date came true on Thursday. For years, the national soccer star had jested about marrving in December. "The month is confirmed, but not the year.” was his usual tongue-in-cheek reply to the question of marriage’
      Picture by GEORGE GASCON.  -  441 words
    • 294 2 DR ALBERT WINSEMIUS. the Dutch economist who was once Singapore’s economic adviser, died of pneumonia on Wednesday in the Netherlands. He was 86. A Singapore Government statement on Thursday said the Government was deeply saddened at the news of his death, and that Dr Winsemius
      294 words
    • 670 3 113 new HIV positive cases detected up from last year IN THE first 10 months of this year. 113 Singaporeans tested positive tor HIV more than the 111 for ail of last year. Among them were 14 women. the largest number detected since the first case was diagnosed here in
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    • 558 3  -  By Elena Chong. A FORMER lawver was blasted on Thursday for being a disgrace to the justice system and the profession, and had his sentence for cheating increased from four to six years' jail. Chief Justice Yong Pung How described Shan
      558 words
    • 635 3  -  No proof that Cho/s son would dispose of assets By Elena Chong THE Public Utilities Board had no solid evidence to back its claim that the son of former PUB official Choy lion Tim was likely to dispose of
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  • HOME
    • 136 4 SPECIAL FLEET FOR SPECLVL MEET: These 200 new BMW 728 i’s flanked by their uniformed chauffeurs are all lined up and ready to roll. Parked at the Portsdowh Road (Gloucester) Camp, the cars have been brought in by Performance Motors to ferry heads of delegations
      Picture by ALBERT SIM.  -  136 words
    • 480 4  -  They will have to cook, clean for the old and the young By Raoul Le Blond STARTING this month, some teenage offenders will have to do 40 hours of community work in old folks' homes or child-care centres while on probation. From Dec 17
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    • 471 4  -  By Braema Mathi THE Universities Endowment Fund (UEF) will be dissolved and two separate university funds will emerge, Deputy Prime Minister and Defence Minister Tony Tan said on Tuesday. President One Teng Cheong, who is the fund’s patron,
      Picture by WONG POK SEE.  -  471 words
    • PARLIAMENT
      • 570 5  -  By Pang Gek Choo FINANCE Minister Richard Hu on Monday sought Parliament’s approval for government spending amounting to $11,399 billion to ensure that the Government has enough resources to keep running up to August next year. He explained that
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      • 437 5 FINANCE Minister Richard Hu told Parliament on Monday that the Government of Singapore Investment Corporation (GIC) has incurred losses from its investments made through Rockefeller Company (Far East) Limited. The GIC was seeking to recover those losses which were attributable to possible
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      • 457 5 THE parliamentary debate on the Committee of Privileges’ report was postponed to a sitting next Wednesday because allthree Singapore Democratic Party MPs were absent from the House on Monday. Leader of the House and Home Affairs Minister, Mr Wong Kan Seng, who
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    • 456 5  -  By Kwan Weng Kin Japan Correspondent TOKYO A 21-year old Singapore scholar, who is enrolled at a Erestigious Japanese university ere, has been reported missing since late October during a trip to Mount Fqji. Efforts by Japanese police to locate Mr Koh Wei
      456 words
    • 181 5 THE attacks on Singaporeans in Australia are isolated incidents, and there are no signs that Singaporeans are avoiding the country tor either business, studies or holidays, Foreign Affairs Minister Professor S. Jayakumar said on Monday. Replying to questions from Mr Teo Chong Tee
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    • 2089 6 Senior Minister Lee Kuan Yew last Thursday praised his long-time colleague and trusted friend, Mr Lim Kim San, whom he described as a man of courage and integrity, someone who loved life and had a never-say-die attitude. As a former Cabinet minister, said
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    • 664 6  -  By Pang Gek Choo CELEBRATING his 80th birthday last Thursday. Mr Lim Kim San spoke of an eventful, exciting and rewarding life, one which offered him a taste of the full range ol human experiences In a lively and at times lighthearted
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    • 365 7 THE Public Utilities Board s 564 million suit against Australian businessman Lee Peng Siong has been amicably settled. Lawyers representing both s des told Justice Warren Khoo of the settlement in chambers last Monday. Among the settlement terms is the discharge of the
      365 words
    • 526 7  -  Singapore Literature Prize By Ong Sor Fern HE WON a Commendation Prize in last vear s competition. This v ear. Mr Colin Cheong hit the jackpot the $lO,OOO Singapore Literature Prize. The 31 -year-old teacher won ;or his unpublished novel, Tangerine. which
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    • 231 7 IN THE storv. Tangerine the hero finds his symbolism in the fruit. The reference is nothing too literarv. according to writer Colin Cheong. He said: kept seeing the stupid thing on my trip.” Instead of using cigarettes to barter and make friends with, he said, he
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    • 434 8 RAFFLES Institution’s deputy head will become the first head of the new Singapore International School in Indonesia. Mr S. Magendiran. 38 and a bachelor, will take up his post next year. The school in Jakarta will offer a Singapore-based education
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    • 214 8 THERE will be all the thrills of a real hunt, but minus the blood and gore at the Jurong BirdPark s new show. Real birds of prey will show off their hunting skills, but their game are dummies. For example, when a Harris hawk
      Picture by DENISE TAN.  -  214 words



  • Page 7 Advertisements
    • 181 7 Home Delivery weekly! A crisp summary of the week's major happenings in Singapore. Politics, business, the economy, investment opportunities, executives appointments.... and highlights on Malaysia and the Asean. A convenient tabloid airmailed to you wherever you may be. Yes! Every week. Subscribe now. And be at home with the ST
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  • Page 8 Miscellaneous
    • 1122 8 RADIO SINGAPORE INTERNATIONAL (ENGLISH) PROGRAMME SCHEDULES 1100 1400 Hours (GMT) 9530 KHz (31M BAND) MONDAY 1100 News/Tonight on RSI 1109 Business Market ReDort 1115 Frontiers 1130 News 1135 The Front Page 1138 Take Five 1145 Newsline 1200 News/Weather (Asia-Pacific) 1205 E Z Beat 1220 Business Market Report 1230 News 1240
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  • SPORTS
    • 460 9  -  Norwegian shows that he is a good all-weather marathoner Singapore International Marathon By Thomas Koh ATHLETICS NORWEGIAN Tor-Erik Nyquist was probably the last person anyone thought'would win the Singapore International Marathon. Prior to his arrival here last Tuesday, the 33-year old was training in “knee-high’’ snow
      Picture by NG HAN GUAN.  -  460 words
    • 388 9  -  Ex-England international thinks that’s what it will cost to bring in your average English Premier League player By Santokh Singh ABOUT $20,000 a month that is how much it would cost an SLeague club to bring in an average English Premiership player. And it may cost twice
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    • 177 9 front-runners. Bernama. KUALA LUMPUR Malaysia has offered to host the Asian Games in 2006. Olympic Council of Malaysia president Tan Sri Hamzah Abu Samah said last Saturday. He said that Malaysia, which will host the 1998 Commonwealth Games, would have adequate facilities by
      front-runners. — Bernama.  -  177 words
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  • MALAYSIA
    • 690 10  -  I’wo other Cabinet ministers not appointed as Supreme Council members Bv Brendan Pereira m r\uala Lump! IN A suronse move Inform, i tion Minister Datuk Mohame Kahmai was dropDed as Umno s secretary-genera., a post he has held for nine years, in a review
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    • 218 10 KUALA LUMPUR Malavsia would repea! a 30-vear rent con trol law to allow owners of old Duildings to raise rents or tar:*' over tiie premises ior re-develop ment. news reports said on Thursday. A Bill to reoeal the Rent Cor trol Act 1960
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    • 228 10 -NST. MALACCA —lt took 62 years, with four years of tracing, before 94-vear-old retired seaman Ibrahim Abdul Rahman returned to his hometown in Malacca. Last Thursday, the former seaman boarded a plane in New York for a two-week visit to his Bukit Pegoh hometown in
      -NST.  -  228 words
    • 611 10 ly in Malaysia's favour. Bernama. THE HAGUE Malaysia cannot open up its car marke to unrestricted ioreign cony >eti non as this will mean tne end of the nation car maker Proion Malaysian Prime Minister DatuK Seri Dr Mahathir Monamad has
      ly in Malaysia's favour. — Bernama.  -  611 words

  • SOUTH-EAST ASIA
    • 636 11  -  Other agreements reached in first informal summit By Warren Fernandez in Jakarta ASEAN leaders, concluding their first Informal Summit last Saturday. announced plans to set up an Asean Foundation to boost ties among their peoples, as well as to celebrate the
      Reuter picture.  -  636 words
    • 341 11  -  By Susan Sim in Jakarta SINGAPORE is the most liveable city in Asia as far as a number of urban experts are concerned. Their reasons the city state offers clean air. accessibility, a safe environment and affordable housing. "Or
      341 words
    • 114 11 JAKARTA A 17-year-old mentally-handicapped girl was raped while being treated at a Jakarta hospital last week, according to a newspaper report. Lawyer Nursyahbani Katjasungkana was quoted in Wednesday’s Jakarta Post as saying that the girl was in the hospital’s care when she was raped by
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    • 447 11  -  Prostitution heads list of lucrative illegal businesses, says study By Sinfah Tunsarawuth in Bangkok THAILAND’S underground businesses have generated an estimated income of at least 600 billion to 800 billion baht (Ss33 billion to Ss44 billion) a year, representing 15 to 18 per cent of the country’s
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  • COMMENT/Pick of trie week's editorials
    • 693 12 DECEMBER 7 1996 PRESIDENT Bili Clintons choices for his foreign policy team indicate that he may not live up fully to early speculation that he would take a more active interest in foreign interventions in his second term as President of the United States. Of
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    • 685 12 DECEMBER 5 1996 ON THE face of it. new measures announced by Home Affairs Minister Wong Kan Seng last week to control juvenile crime seem tough, considering that there has been an improvement in this area. In the first 10 months of this year, the 1.753
      685 words
    • 664 12 DECEM3ER 3 1996 PRESIDENT Jiang Zemin s histone visit to India. Pakistan and Nepal is itself the message. Clear lv. too. China's desire for stronger interaction with the subcontinent is reciprocated fully More than two billion Asians, separated by the high Himalayas that can be as
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    • 831 12  -  By Sonny Yao I WILL study and piav with otner children. It sounds like a squigglv line in a Primarv l punil s composition out it could not have been a more powerful message pacned in simpler words at least to
      NOEL «OSALES  -  831 words

  • COMMENT/ANALYSIS
    • 1156 13  -  My View SUMIKO TAN AFTER the Prune Minister delivered his Nationa. Day rally speech in Au gust, my hairstylist, wno is not a political animai by any measure, tola me that he was determineu to vote for Mr
      IMBO ALBAN'  -  1,156 words
    • 1121 13  -  By A. Samad Ismail ONCE again, the issue of the Singapore-Malav-sia merger has emerged. It was raised in a speech by Prime Minister Goh Cnok Tong who reminded Singaporeans that if the country's economy suffered a downturn they may have to
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  • INSIGHT A LOOK AT THE ISSUES OF THE DAY BY THE STRAITS TIMES POLITICAL DESK
    • 1869 14 Now that the new electoral boundaries are known, there has been much speculation about where the hot seats in the coming election are likely to be. Chua Lee Hoong has her ear to the ground. THE electoral boundaries
      TIEN CHUNG PING  -  1,869 words
    • 820 14 LIKE bees to a honey pot, opposition candidates are zooming in on the nine single seats. In contrast to the GRCs, of which only half are expected to be contested, all nine singles are certain to be fought over. So how fierce will the
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    • 895 15 Brief Tne new electoral map shows that the island is divided into 24 electoral divisions, comprising 15 group representation constituencies GRCs) and nine single-member constituencies. Some polling districts, or entire wards, have been subsumed under bigger GRCs. But what do all these
      'OHNNV  -  895 words
    • 1162 15  -  Where all that ieaves young Singa|x>reans is the realisation, chanted often enough by the political leadereship as to have become a mantra, that the race has the looks of a photo-finish. Thinking Aloud Chua Huck Cheng 1 SHALL inflict on readers this
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  • MONEY
    • 465 16 Singapore share market review US Federal Reserve chairman Alan Greenspan s comment that ntlation may not remain low caused the torpid local market to sit up and react in an otherwise quiet and lactdustre week. On Fndav. turbulence reigned as the Straits
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    • 1635 16 Company Data ann Nat earn TV IV <$m> ($m* EPS TY IY (eta) (eta) ABN Amro Sap 18 1 1.696 1.372 492 402 AlSS* Sac 30 1 1.629 8.737 1.50 6.52 Alcom* Sap 12 1 13.682 14.510 10.7 11.4 Alt» Hiaqs Sap 13 F 2.534 2.159 8.45 7.20
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    • 77 16 ST Industrials Index The Straits Times Industrials Index rose 2.30 points on the week to 2190.39. DAY CLOSE TURNOVER Monday 2193.41 .'+5.32) 75.864m ($227.430m) Tuesday 2185.72 (-7.69) 67.832m ($190.893m) Wednesday 2194.36 (+8.64) 92.355m ($227.836m) Thursday 2214.17 (+19.81) 84.828m ($233.607m) Friday 2190.39 (-23.78) 144.98m ($389.590m) BT— MGA Index
      77 words
    • 129 16 Company Plata Data Tima DBS land C Casuanna Suita B. Raffias Hotel, 3rd rtf, 1 Baach Rd, *****3) Dac 2 10.00am Oatacraft A 2 KakI Bukit Ava 1 #03-01 Kaki Bukit Indus. Eat. (*****8) Dac 2 10.30am City Dav c 16 Raffias Ouay *26-00 Honq Laonq Bldq (048S81)
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    • 245 16 RIGHTS ISSUE Company Ratio Exdata Books dose Acc Paymt Econ inti Ona-for-two V $1.22 Dac 5 Oac 11 NYA Gad|ah 2000 One-for-one RuplOOO Oct 2 Oct 8 NYA H Laong ina One-for-flve 9> RM6.00 Nov 13 Nov 19 NYA Sungel Way Ona-lor-llva MS4.50 Oac 16 Ok 20 NYA
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    • 965 16 Payment <*> Ex data Books dosa Pay data AVJennings M 1.25 Jan B Jan 14 Jan 29 AISB 50C D 3 Jan 2 Jan 7 Jan 29 Amtek Eng 20C f 7.STL Oac 3 Oac 9 Dac 20 Antan Higgs 50C 1 6 Dae 9 Dac 13 Jan
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    • 385 17  -  By Chan Wee Chuan SINGAPORE’S manufacturing output grew 1.8 per cent vear-on-vear in October, boosted by improvements in the electronics sector, according to the latest figures from the Economic Development Board (EDB). This followed two straight months of decline: output in August
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    • 147 17 COUNTER RATES Singapore dollar* to on* unit of foreign currency Buying OD Selling US dollar 1.3899 1.4058 Sterling pound 2.2515 2.3068 Australian dollar 1.0936 1.1280 Canadian dollar 1.0172 1.0405 NZ dollar 0.9633 0.9962 EC unit 1.7509 Singapore dollar* to 100 units of foreign currency Austrian schilling 12.4731 13.0374 Belgian
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    • 676 17 SINGAPORE Press Holdings teamed up with two partners to buy the Paragon by Sogo building in Orchard Road for $682.3 million the largest such deal in seven years. The building is adjacent to The Promenade, which SPH bought in a 50:50 deal
      Picture by TERENCE TAN.  -  676 words
    • 272 17 SINGAPORE’S economic growth in the second half of this year is likely to slip to 6.5 per cent but faster growth is likely to resume by the middle of next year, said tne Business Environment Risk Intelligence unit (Beri). In its
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    • 118 17 Contract date: December 6 1996 UNIT ONE MTH 3 MTH 6 MTH 9 MTH 12 MTH CALL VALUE DATE uss 5 4‘. 5 4-. 5 4'a 10/12/96 AS 5'. 5’. 5'. 5' j 5'« 5’. 10/12/96 NZS 7-. 7'. 7 7 7 7'. 10/12/96 STG 5', 5’.
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    • 678 17 Abtrust Fund Mgrt Attest S'poreGrFd C969-) 019" Allied Phillip Mgt Asia Pacific Growth Fd 1 122-1 179 American Inti Assur AIA Unit Linked Fund 1X45-1 lOCi AXAllfe Fort'ess Fund 1 C23» Citicorp Invt Bank C# 1 Global Bond Fd 1 045-1 C55" Citi Asia Infrastructure Fd 116-121" Credit
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    • 594 20  -  By Narendra Aggarwal THE race for Singapore’s lucrative second telecommunications licence is hotting up as another two major players jumped into the fray on Tuesday. Homegrown conglomerate Keppel Corp and Britain’s giant Cable and Wireless declared on Tuesday that
      Picture by TAN SUAN ANN.  -  594 words
    • 603 20 Reuter. SYDNEY Singapore Airlines (SIA) chief executive officer Dr Cheong Choong Kong said on Tuesday the national flag carrier would consider further air line alliances. "Is there any chance of us creating other alliances with other airlines? Yes, there is always
      Reuter.  -  603 words
    • 623 20 OSPREY Maritime Ltd, which is listed on the main board of the Stock Exchange of Singapore (SES), has become the first company to be given the approval to convert its listing currency from US dollars to Singapore dollars. The landmark approval follows
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  • Page 21 Advertisements
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  • FORUM
    • 443 23 I REFER to the letter “Retirement beyond 60: When?” by Mr Hoe Keng Chang (see below). Prior to the legislation of the minimum retirement age at 60, the retirement age norm in the private sector was 55. With the enactment of the Retirement
      443 words
    • 286 23 THE Cost Review Committee chaired by Mr Lim Boon Heng. the Minister without Portfolio and NTUC secretary-general, is to be commended for resurrecting the subject of extending the retirement age beyond 60 (ST, Nov 2). It has been almost five years since the Government first raised
      286 words
    • 482 23 PUB corruption case I REFER to the article “PUB corruption case: Suit against businessman settled (see page 7). It reported that the Public Utilities Board’s $64-million suit against Mr Lee Peng Siong had been “settled amicably”. Mr Lee was
      482 words
    • 286 23 Cash Card’s loophole A CONVENIENT way for all Singaporeans to make their transactions has arrived with the new Cash Card, which was launched last Tuesday. In time to come, when the system becomes more widespread and established, Singaporeans will no
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    • 314 23 I REFER to the letter “What if unscrupulous cashier swops card for a low-value one?” by Mr Wong Soon Fatt (see this page). Mr Wong was concerned that cashiers might not return the correct card to the user after a payment is
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  • 979 24  -  Tour bus slams stationary lorry along N-S Highway By Brendan Pereira and TanOoi Boon m Kuala Lumpur THIRTEEN people heading for a Genting Highlands holiday perished early on Tuesday when their tour bus crashed into a stationary lorry along the North-South
    The Sun picture.; Picture by AZIZ HUSSIN.; jALEHA HASHIM  -  979 words