The Straits Times : Weekly Overseas Edition, 14 December 1996
1996-12-14
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The Straits Times : Weekly Overseas Edition
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Title Section20 1996-12-14 1 The Straits Times WEEKLY EDITION SATURDAY, DECEMBER 14, 1996 Price: 551.20 (in Singapore) Elsewhere by subscription only MITA (P) 156/08/9620 words
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Article, Illustration797 1996-12-14 1 Lee Kim Chew - Cheow Tong: I am very proud to say we have delivered By Lee Kim Chew THE World Trade Organisation's inaugural ministerial conference nas broken new ground to liberalise global trade, and the major economic powers yesterday proclaimed it a resounding success. WTO conference chairman Yeo CheowPicture by GEORGE GASCON. - 797 words
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552 1996-12-14 1 Tan Ooi Boon - 70-year wait to settle tycoon’s $l3-m estate because of British royalty clause By Tan Ooi Boon THE $l3-million estate of a businessman who died more than 70 years ago is now being claimed by possibly more than 300 of his descendants, the High552 words
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Page 1 Advertisements
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Advertisement26 1996-12-14 1 r M Manning a CAREER Move 7 f. h V CHECK OUT Pages 21 22 Parliament backs report on four SDP members: Pages 5 and 2426 words
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NEWS FOCUS
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Article, Illustration599 1996-12-14 2 Koh Buck Song - $2 million donation pays for the two academic schemes By Koh Buck Song THE Goh Keng Swee professorship and master’s scholarships in economics were launched on Thursday, to honour the former Deputy Prime Minister’s contributions to the building of modern Singapore. Dr Goh.Picture by ERNEST GOH. - 599 words
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481 1996-12-14 2 Rav Dhaliwal - By Rav Dhaliwal PASSENGERS can try their luck at blackjack and poker on Singapore Airlines flights next year, but there will be a limit on the amount they can lose. Once losses reach US$35O (SS49O), they will not be able481 words
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301 1996-12-14 2 PRIME Minister Goh Chok Tong has said the Government and people of Singapore owed a great debt to the late Dr Albert Winsemius, who was once Singapore’s economic adviser, for his invaluable contributions to the development of Singapore. In a condolence letter to301 words
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Article289 1996-12-14 2 In a condolence letter to Mrs Averink Senior Minister Lee Kuan Yew said that he and Singaoore were indebted to D r Albert Wmsemius. and that he was proud to have known the Dutch economist and to have been his fnend In the letter dated Dec 6.289 words
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687 1996-12-14 3 Walter Fernandez - By Walter Fernandez A COMMUNITY Development Council (CDC) could be set up to look after residents living in Marine Parade GRC. East Coast GRC and MacPherson. suggested Prime Minister Goh Chok Tong on Sunday. If this CDC, which would be one687 words
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Article, Illustration462 1996-12-14 3 Lim Li Hsien - By Lim Li Hsien BORED Piling Pte Ltd did not laugh when Female Magazine maae fun of its name in its January 1995 issue. It claimed that the article had made it look ridiculous and filed a defamation suit against Mr James462 words
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Malaysian tour bus accident
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442 1996-12-14 3 Tan Ooi Boon - By Tan Ooi Boon TEN-YEAR-OLD Sam Wei Jie, the youngest survivor of last week's North-South Highway bus accident, had a VIP visitor at the Singapore General Hospital last Saturday. The Keng Seng Primary 4 pupil was reading a magazine when BrigadierGeneral (NS)442 words
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Article, Illustration653 1996-12-14 3 David Miller - By David Miller JOAN Yap. the sole survivor in a family of five who died in the Malaysian tour bus accident, said she is picking up the pieces of her life and moving on. In her first interview653 words
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HOME
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Article, Illustration669 1996-12-14 4 PARLIAMENT BEHIND the facade of Dr Chee Soon Juan lies a man who is prepared to use whatever data just to make his point, even though the data are false or fabricated. Home Affairs Minister Wong669 words
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506 1996-12-14 4 LEADER of the House Wong Kan Seng on Wednesday took three other Singapore Democratic Party members to task for their role in the party’s health care report. The three were SDP vice-chairman Wong Hong Toy, research head S. Kunalen ana assistant secretary-gen-eral Kwan506 words
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Article406 1996-12-14 4 Perhaps. after Chee Soon Juan’s remarkable revelation...bookshops should reshelve Dare To Change under another category: Fiction. “Maybe he should rename the book at the next reprint. Some people have suggested that the book could be entitled Dare To Short-change, or Dare To Change Data, or even Dare To Cheat”406 words
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433 1996-12-14 5 Illegal immigrant married and bought flat here A STATELESS illegal immigrant assumed another man’s identity and lived here for more than 30 years before he was found out, a district court heard last Friday. The culprit, canteen operator Lim Peng Ong, 55, married433 words
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Article, Illustration657 1996-12-14 5 PRIME Minister Goh Chok Tong last Saturday said Singaporeans should not gamble with their own future by taking risks at the ballot box. “Do not play with your vote, for if you do, you are gambling with your own future,”Picture by ALI YUSOFF. - 657 words
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623 1996-12-14 5 Zuraidah Ibrahim - Opposition ‘not taking representation seriously BG Lee on Malay candidates: By Zuraidah Ibrahim THE People’s Action Party has made a special effort to find good Malay candidates, but the opposition nas not taken Malay representation seriously at all, Deputy Prime Minister Lee Hsien Loong said last Saturday. He was asked623 words
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Article, Illustration400 1996-12-14 6 Woman dies, 2 men admitted to hospital THREE China nationals jumped off a Malayan Railway train last Thursday after being denied entry to Singapore. The lone woman died of her injuries and the two men with her have been hospitalised. TheyJOHNNY IIM; Snin Min picture. - 400 words
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Article, Illustration345 1996-12-14 6 Edmund Tee - Death in Genting Highlands By Edmund Tee THE Singaporean who died in his sleep on Sunday in Genting High lands was an operations manager who had just graduated from the Royal Melbourne Institute of Technology in Australia. Mr Arthur Sim Chin Leong. 44, had earned345 words
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518 1996-12-14 6 Tan Hsueh Yun - Office building's council election declared null By Tan Hsueh Yun WHEN it comes to voting in annual general meetings (AGMs), faxed copies of proxy forms are not valid. The Strata Titles Board declared the election of council members for an office518 words
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624 1996-12-14 7 Allison Lim - From Sengkang to Orchard Road By Allison Lim RESIDENTS in Sengkang New Town will take just 35 minutes to travel to Orchard Road by Light Rapid Transit (LRT) and MRT about the same time as by car, but without the624 words
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Article, Illustration400 1996-12-14 8 Fandi’s wedding extravaganza More than 10,000 screaming fans jostle to get close to bridal couple SOCCER star Fandi Ahmad had wanted his wedding party on a football pitch but aid not count on a roaring football field-size crowd He and his bride. South Af ricanPicture by NG HAN GUAN. - 400 words
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Page 7 Advertisements
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Advertisement144 1996-12-14 7 MA in Asia Pacific Studies... The Strategic Advantage taught in Singapore, made available to the region via internet... It's all about having helicopter vision. Whether you're venturing into the region or merely exploring, ml”**' it pays to know. The widely-researched and well-received Master of Arts in Asia Pacific Studies covers144 words
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Advertisement180 1996-12-14 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 ST180 words
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Page 8 Miscellaneous
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Miscellaneous1130 1996-12-14 8 RADIO SINGAPORE INTERNATIONAL (ENGLISH) PROGRAMME SCHEDULES 1100 1400 Hours (GMT) 9530 KHz (31M BAND) MONDAY 1100 News/Tonight on RSI 1109 Business Market Report 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 12401,130 words
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SPORTS
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Article, Illustration445 1996-12-14 9 Former Lions mentor to coach and develop Malaysia Cup side SOCCER NATIONAL midfielder Hasnim Haron is returning to Singapore out coacn Jita Singh is going to Johor. According to the New Straits Times. Hasnim who has played for Johor in the M-League the past445 words
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271 1996-12-14 9 S.S. DHILLION, former secre-tary-general of the Singapore National Olympic Council was bestowed the Olympic Council of Asia’s highest award for his contribution to sport in Singapore and Asia. Dhillon. who resigned from the SNOC last vear after 24 years, is the first Asian271 words
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Article, Illustration437 1996-12-14 9 Joe Dorai - By Joe Dorai SEMBAWANG Rangers has earmarked eight footballers from the Czech Republic. Germany, France and Slovakia for next year’s S-League starting on March 15. The eight players three from the Czech Republic, two from Slovakia and one each from Senegal, France and Germany437 words
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MALAYSIA
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Article, Illustration737 1996-12-14 10 Brendan Pereira - S’poreans and other foreigners stand to gain from change in laws By Brendan Pereira KUALA LUMPUR Singaporeans and other foreigners stand to benefit from changes to rules on foreign ownership of property being considered by the National Land Council. The council, headed bv DeputyEOO MWEIWEN - 737 words
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397 1996-12-14 10 KUALA LUMPUR The new Ms 9 billion (555.04 billion) Kuala Lumpur International Airport (Klia) will open on schedule in January 1998. Prime Minister Datuk Seri Dr Mahathir Mohamad said on Tuesday. His comments are expected to quell rumours which have been circulating397 words
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454 1996-12-14 10 KUALALUMPUR The stupendous growth which Malaysia and Singapore have achieved over the last 30 years is due largelv to their leaders, said Deputy Rome Minister Anwar Ibrahim iast Friday. “There is no denying tha! the role of leadership has been454 words
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489 1996-12-14 10 MALACCA The Democratic Action Party (DAP> is in dan ger of being' extinct in the 21st century if reforms are not carried out in the next two vears. Sartv secretary-general Lim it Siang has warned Utusan Malaysia on Monday quoted him489 words
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SOUTH-EAST ASIA
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537 1996-12-14 11 Susan Sim - Government spells out new regulations on censorship and ownership of stations By Susan Sim naonesia Correspondent THE first broadcasting Bill passed by the Indonesian Parliament will, when signed into law, give the government broad censorship powers over all films, videos and advertisements to be537 words
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Article, Illustration473 1996-12-14 11 BANGKOK Thai King Bhumibol Adulyadej’s musical talent is well-known but as The Nation reports, he is but the latest in a long line of music-loving monarchs. The King, besides being an accomplished composer and an expert on several instruments, also promotesQ CMANDRADAS; SOURCE THE NATION - 473 words
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153 1996-12-14 11 JAKARTA Officials in this Indonesian capital have deemed the bikini inappropriate attire for foreign performers hired to entertain New Year revellers, the Pos Kota daily reported on Tuesday. The newspaper auoted officials as saying tnat tne bikini was not compatible with the local culture153 words
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462 1996-12-14 11 Nirmal Ghosh - By Nirmal Ghosh Philippines Correspondent MANILA President Fidel Ramos warned policymakers on Monday that tne country’s 2.3-per-cent population growth threatened economic gams and the environment. He noted that according to census figures and trends, the Philippines' population passed the 70 million mark on Sep462 words
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COMMENT/Pick of the week’s editorials
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Article651 1996-12-14 12 DECEMBER 14.1996 AN ISOLATED case of police brutality ignited the student demonstrations in Yangon last week, but their escalation into demands for union and other rights may complicate Myan mar's already problematic poli tics unless they are handled carefully. The protests were a throwback to the651 words
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Article673 1996-12-14 12 DECEMBER 12 1996 SHIPPING magnate Tung Chee Hwa’s overwhelming victory yesterday. in the contest for the post of Hongkong's Chief Executive after its handover to China next year, reiterates his credentials* for the job and gives him a strong mandate to do it well.673 words
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Article681 1996-12-14 12 DECEMBER 10 1996 IN CRITICISING the opposition for not taking Malay political representation seriously. Deputy Prime Minister Lee Hsien Loong has touched on the future of muf-ti-racialism in Singapore, an issue that is tied intrinsically to the position and prospects of its largest minority community.681 words
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Article, Illustration798 1996-12-14 12 Sia Cheong Yew - By Sia Cheong Yew THIS year's ceremony to award winners of the best annual reports, held two weeks ago. had the usual fanfare. A government minister was there to grace the occasion Companies that did well were commended. And there were, o! course, theDARIO NOCHf - 798 words
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COMMENT/ANALYSIS
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Article, Illustration1227 1996-12-14 13 CHERIAN GEORGE - My View CHERIAN GEORGE Mr CHIA Shi Teck’s proposed candidature in the coming General Election has prompted the in tnguing question of whether it could be a catalyst for the development of a credible challenge to the People’s ActionJIMRO AIBANO - 1,227 words
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872 1996-12-14 13 LeongChingChing - By LeongChingChing THERE was a certain poignancy about last week's Model Transport Workers Awards as a result of the tragic deaths of 13 Singaporeans on the road to Genting If not for that terrible accident, the ceremony might have seemed like any other year-end. pat-on-the872 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, Illustration2391 1996-12-14 14 So, who got what at the meeting held by seven opposition parties to carve out seats? Zuraidah Ibrahim and Ahmad Osman report on the horse-trading that is still continuing. EUNOS GRC may have sunk into the Bermuda triangle of the new electoral map but the vestiges2,391 words
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Article, Illustration1362 1996-12-14 15 How will the new electoral boundaries affect you in everyday life? It depends on how town councils restructure themselves when some become ‘history, and also whether community ties will indeed get a boost from the changes, finds Ravi Veloo. Brief HE1,362 words
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Article, Illustration1222 1996-12-14 15 Leslie Fong - Thinking Aloud Leslie Fong HOW would the People’s Action Party react if it were to lose one of the Group Representation Constitu encies to the opposition in the coming General Election 0 This might seem a hypothetical question to those who are1,222 words
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MONEY
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493 1996-12-14 16 Singapore share market review VOLATILITY was the trademark of markets worldwide last week, and the local bourse was not spared either. Wall Street was the epicentre of all share movements, with Asian markets mirroring closely its every move. The Asian bourses continued the493 words
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Article1660 1996-12-14 16 Company Data ann Not oorn TY LY ($m) (Smi EPS TY LY (eta) (eta) ABN Amro Sop 18 1 1696 1,372 492 402 Asa* Sop 30 1 1629 6.737 1.50 6 52 Alcorn’ Sop 12 1 13.682 14.510 10.7 11.4 AlfW HldQS Sop 13 F 2534 2.159 8451,660 words
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Article77 1996-12-14 16 ST Industrials Index The Straits Times Industrials Index dropped 11.25 points on the week to 2179.14. DAY CLOSE TURNOVER Monday 2197.13 (♦6.74) 60.049m ($200.647m) Tuesday 2209.50 (+12.37) 61.391m ($226.220m) Wednesday 2192.45 (-17.05) 99.537m ($320.567m) Thursday 2182.55 (-9.90) 6C.026m ($202.260m) Friday 2179.141-3.41) 66.087m ($204.022m) BT— MGA Index The77 words
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Article1035 1996-12-14 16 Paymant (HI Ca data Books doto Pay data A V Jannmgs M 1 1.2S Jan 8 Jan 14 Jan 29 AISB 50C 0 3 Jan 2 Jan 7 Jan 29 Amstaal SOC b '0 Jan 6 Jan 10 Jan 31 Amtak Eng 20C F 7.5TE Dae 3 Dae1,035 words
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Article61 1996-12-14 16 Company Plaet Data Tima STIC C 9 Bishan Piact •10-00 Junction 8 (*****7) Dac It 10.90am Craativa T A Marina Mandarin Sport Las Oisaau* Laval 5 6 Raffias Boulevard Marina Squara (*****4) Dac 11 10.30am Lion Asiapac A Amara Hotel Tanionq Paqar 1 Laval 3 165 Tg Pagar61 words
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Article157 1996-12-14 16 RIGHTS ISSUE Company Ratio (iidata Book! Acc t close Paymt Econ inti Ona-for-two $1.22 Dae 5 Dae 11 NVA Gadian 2000 Ona-tor-ona RuplOOO Oct 2 Oct 8 NVA H laonq tnd Ona-for-flva RM6.00 Nov 13 Nov 19 NVA Sunqai Wav Ona-tor-tiva MS4.50 Oac '6 COC 20 NVA BONUS157 words
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Article144 1996-12-14 16 Company Rlqhts loouo AISB Three-for-five 9 SMS.50 Amcol Ono-for-two (P $2.05 H Loonq Cred One-for ten 9 M$6.90 MUI Ono-for-two MSV30 Mulpha Ono-for-four M$1.60 PMI Throo-tor-two 9 M$1.00 Company Bonus loouo Komoyon Corp One-for-three H Loonq Crod Ono-for-fivo MAA Ono-for-fivo Malayewata Ono-for-two Noel Gifts Ono-for-two P Ml Ono-for-four144 words
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566 1996-12-14 17 William Choong - By William Choong A KEY indicator of US semiconductor demand has staged its fourth consecutive increase in as many months, giving credence to the widespread view that the electronics sector is starting to get back on track. The US based Semiconductor Industry566 words
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Article143 1996-12-14 17 COUNTER RATES Singapore dollars to one unit of foreign currency Buying OD Selling US dollar 1.3879 1.4038 Sterling pound 2.2793 2.3348 Australian dollar 1 0861 1.1202 Canadian dollar 1.0136 1.0369 NZ dollar 0 9585 0.9913 1.7589 Singapore dollars to 100 units of foreign currency Austrian schilling 12.5354 13.1029 Belgian143 words
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581 1996-12-14 17 Kalpana Rashiwala - Rooms growth expected to exceed visitor arrivals By Kalpana Rashiwala HOTELS face a tougher year ahead, with rooms growth although slower set to outpace the increase in visitor arrivals. This is likely to translate into flat or even lower profits for their581 words
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260 1996-12-14 17 THE value of shares traded on the Stock Exchange of Singapore (SES) last month grew 12.3 per cent year-on-year to $6.4 billion the first time this year that turnover had risen for two consecutive months. However, the number of shares traded for260 words
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Article118 1996-12-14 17 Contract date: December 13 1996 UNIT ONE MTH 3 MTH 6 MTH 9 MTH 12 MTH CALL VALUE DATE us$ 5 5 5 5s 5s 4s 17/12/96 A$ 5'. 5 s 5'. 5s 5s 4S 17/12/96 NZS 7s 7 6 6 s 6 s 7s 17/12/96 STG118 words
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Article523 1996-12-14 17 December 13 1996 HKS ASM Pacific 6 20 *0 100 Allied Indlnt 1 0 85 •0 02 Allied Oversea 0.83 unch Asia Sec Int 166 0 03 Bank of EA 33 20 -0 30 C P Pokphano 290 unch CDL Hofei 4 22 unch Cafe De Coral 2.20 005523 words
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Article699 1996-12-14 17 AbtrustFund Mgrs Abtrus* Spore G'Fd 0 958-1 007" Allied Phillip Mgt Asia G f owt*iPd 1.122-1 179 American Inti Atsur AIA Unit Lmked Fund 1 033-1 088a AXAUf# Fort*eSS *11*0 1.021* Citicorp Invt Bonk Ct'Global Bond Fd Cit> Asa Infrastructure Fd 1 036-1 046" 1.13—1 18” Credit Lyonnais699 words
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Article8772 1996-12-14 18 INDUSTRIAL AND COMMERCIAL Transaction Date: December *****6 1995 96 Curr Last Vol Day Gr's Net M Cap Wt Avg High Low Company Traded Sale 4- or000 High Low Div PE Smil Price ASE NTS10 200 US 1000 900 ASF US$0 01 100 US 900 900 214 1658,772 words
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Article, Illustration648 1996-12-14 20 Narendra Aggarwal - It sees Asian countries expanding at rate well above world By Narendra Aggarwal WORLD trade growth will “speed up again in 1997”, after a comparative slowdown this year, tne World Trade Organisation (WTO) says in its First annual report. ThejIUeO ALBANO; SOURCE WTO - 648 words
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222 1996-12-14 20 SINGAPORE and Belgium signed a supplementary Double Tax Agreement (DTA) on Tuesday to reduce withholding tax rates on interest income to a maximum 10 per cent down from the 15 per cent under the main DTA agreement. The changes also provided for a222 words
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Article, Illustration807 1996-12-14 20 Plans will not be cancelled even if property market turns, says Hsien Loong THE Government will maintain its land supply programme for private housing even if the market turns, said Deputy Prime Minister Lee Hsien Loong. “Do not expect that if the market turns,Picture by STEPHANIE YEOW. - 807 words
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Page 21 Advertisements
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Advertisement1102 1996-12-14 21 i»<2> w Dresdner Bank Dresdner Bank is the second largest bank in Germany with a strong global presence. To meet our growing needs, we seek professionals for the following positions: Organisation methods officer The successful candidate will join our organisation team which is responsible for ensuring organisational efficiency and higher1,102 words
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Page 22 Advertisements
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Advertisement989 1996-12-14 22 WE OFFER THE R s Telecom Equipment THAT YOU ARE LOOKING FOR Telecom Equipment, a fully-owned subsidiary of Singapore Telecom, invites suitable dynamic individuals to join the leading company in telecommunication products and services in Singapore. Successful candidates can look forward to a challenging and rewarding career with prospects of989 words
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FORUM
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870 1996-12-14 23 I READ with interest the reports on the Universities Endowment Funds (ST, Weekly Edition. Dec 7). The points brought up by Dr Tony Tan and the American consultant Christopher Reaske are pertinent as a tramework for working towards increased funding. Having spent870 words
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Article, Illustration202 1996-12-14 23 YOUR report on the Bored Piling lawsuit (see page 3) was funny. Many Singapore businesses have curious names. There is “The 552.00 Shon”. If that sounds cheap, go to “Gay World Stadium” and you will find a signboard that says “3 for SSILEE CMEE CHEW - 202 words
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253 1996-12-14 23 LIKE many who read about the accident involving the tour bus on the North-South Highway, I was deeply saddened and frustrated. I strongly believe it was one of those tragedies that could have been easily avoided, if proper safety measures had been253 words
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74 1996-12-14 23 I REFER to the article “Singapore is indebted to Winsemius” by Senior Minister Lee Kuan Yew (see page 2). Singaporeans like me are sad to learn about the death of Dr Albert Winsemius. We should build a statue to remember him and to recognise what74 words
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320 1996-12-14 23 I was amazed by the number of enclosures that used natural barriers to contain and protect the animals. EARLIER this month. I was on holiday in Singapore with my husband. We nave visited the countrv once before for two days, this time, we were320 words
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Page 23 Advertisements
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Advertisement127 1996-12-14 23 Dear Readers, THE Straits Times welcomes letters from you. Your letters must include your signature, j full name, address and home and office telephone numbers. We do not accept for publication letters from writers who decline to give their names. This rule will be waived only in very exceptional circumstances,127 words
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415 1996-12-14 24 Sharon Vasoo - By Sharon Vasoo THE Government's Internet web site was hacked into on Sunday and its contents replaced with a list of more than 100 user identities (IDs) of people from various government bodies. The web site at http: www.gov.sg —is the online415 words
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814 1996-12-14 24 Koh Buck Song - Punishment needed uphold Parliament’s dignity 5 By Koh Buck Song PARLIAMENT on Wednesday endorsed the report of the Committee of Privileges, which found four Singapore Democratic Party members guilty of contempt of Parliament last month. Moving the motion. Home Affairs Minister Wong Kan814 words
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Article, Illustration176 1996-12-14 24 NEEDY families received an early Christmas surprise from Woodlands Secondary students on Thursday in the form of food hampers and cartons of canned soup. The students had donated biscuits, cereal, canned food and instant noodles as part of their school’s contribution to the Boys' Brigade176 words