The Straits Times : Weekly Overseas Edition, 4 January 1997

Total Pages: 24
1 24 The Straits Times : Weekly Overseas Edition
  • 21 1 The Straits Times WEEKLY EDITION SATURDAY, JANUARY 4. 1997 Price: 551.20 (in Singapore) Elsewhere by subscription only MITA 156/08/96 v tJLI
    21 words
  • 994 1  -  It takes 34 out of 36 contested seats; reclaims Gombak, Nee Soon Central 3y Warren Fernandez THE People’s Action Party scored a resounding victory in the General Election on Thursday on the back of a nationwide swing of voters to the party, which saw it sweep
    Picture bv JERRY SEH.  -  994 words
  • 475 1  -  By Pang GekChoo PRIME Minister Goh Chok Tong yesterday morning said the PAP's victory in Cheng San GRC showed that the voters had rejected the racial politics advocated by Workers’ Party candidate Tang Liang Hong. Speaking at a press conference at the
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  • GE’97
    • 1046 2 PlVfs victory press conference This is a watershed election. I'm satisfied with the result. The people have shown clearly that they support what we have done in the last five years, and endorsed our Singapore 21 programme. The result shows that the voters have endorsed
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    • 735 2  -  By Chua Mui Hoong THE People’s Action Party took a clean sweep of all six contested Group Representation Constituencies on Thursday, winning an overwhelming 66 27 per cent of the valid votes cast in the GRCs. All 27 PAP candidates in the GRCs. including
      Picture by AZIZ HUSSIN.  -  735 words
    • 685 3  -  Party will have no representative in next House By Koh Buck Song THE Singapore Democratic Party was wiped out in Thursday’s General Election, with its secretary-general Chee Soon Juan trounced in a MacPherson duel that he had asked for in
      Picture by ALPHONSO CHAN.  -  685 words
    • 359 3 PRIME Minister Goh Chok Tong said on Thursday that one of his main tasks after the General Election would be to form a new Cabinet, which he expects to do in about two weeks’ time. He said: “There are many reports
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    • 560 3 TWO opposition incumbents retained their seats. Mr Low Thia Khiang of the Workers’ Party increased his winning margin, while veteran Mr Chiam See Tong of the Singapore People’s Party saw his previous majority slashed. The results also changed the face of opposition politics in
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    • All the results
      • 277 4 AYER RAJAH 21.085 voted (95 7%) PAP; Tan Cheng Bock: 15.081 votes SPP Sin Kek Tong: 5.531 Spoilt: 473. winner's majority. 9.550. winner's share of valid votes. 73.2% BOON LAY 19.274 voted (96.3%) PAP Goh Chee Wee. 12.407 votes NSP Christopher Neo Ting Wei: 6,362 votes Spoilt: 505. winner's
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      • 281 4 ALJUNIED 98.915 voted (95.6%) PAP 64.299 votes George Yeo Sidek Saniff Ker Sin Tze Toh See Kiat David Lim Tik En SDP: 31.645 votes Mohammed Aziz Ibrahim S Kunalen Wong Hong Toy Tay Hoon Kwan Yue Keng Spoilt: 2.971. winner's majority 32.654. winner's share of valid votes: 67.0% CHENG
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      • 311 4 ANG MO KIO 125,344 voters PAP Lee Hsien Loong. 44, Deputy Prime Minister Seng Han Tong. 46. General Tan Boon Wan. 48. University lecturer Tang Guan Seng. 49. Political secretary Inderjit Singh, 36, Director BISHAN-TOA PAYOH 122.256 voters PAP: Wong Kan Seng, 50, Cabinet Minister Davinder Singh, 39, Lawyer
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    • 901 5 PRIME Minister Goh Chok Tong last week released documents which showed that Workers’ Party candidate Tang Liang Hong held dangerous views on Chinese language and culture. He explained that it was important for him to be “very firm" with
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    • 916 5 PRIME Minister Goh Chok Tong, Senior Minister Lee Kuan Yew and six other People’s Action Party members nave taken legal action against Workers’ Party candidate Tang Liang Hong for saying they had committed a criminal offence and for calling them liars. They said
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    • 903 5 WORKERS’ Party candidate Tang Liang Hong filed a police report on the eve of Polling Day, asking the police to take measures to prevent “unpleasant incidents” from taking place if People's Action Party leaders sought to have any legal papers served on him
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    • 842 6  -  MPs can tell support at each counting place By Chua Mui Hoong PRIME Minister Goh Chok Tong on Tuesday introduced a new element to the People’s Action Party votes-for-up-grading strategy: with vote counting now decentralised within a ward, MPs can tell which
      842 words
    • 501 6 MALAYS here have made impressive gains under the Peo pie’s Action Party government, with more of them living in bigger flats and doing better in education, said Deputy Prime Minister Lee Hsien Loong last Friday. The ruling party had also recruited able
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    • Government assurances
      • 275 6 THE Government has made it “unmistakingly clear” that it will not raise the Central Provident Fund withdrawal age, Finance Minister Richard Hu said on Sunday. The claim by opposition fiarties that this would go up rom 55 to 60 years old was “one big
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      • 187 6 THERE is no change on the Government’s stand to freeze the Goods and Services Tax (GST) for five years from 1994, Finance Minister Dr Richard Hu reiterated on Sunday. And if the country’s economy grew strongly, the 3 per cent rate will be
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  • Page 6 Advertisements
    • 205 6 GAIN A STRATEGIC UNDERSTANDING OF THE ASIA PACIFIC REGION 4G The Master of Arts in Asia Pacific Studies taught in Singapore, made available to the region via internet. The only course of its kind in Singapore, the MA in Asia Pacific Studies is an internationally recognised Master's level programme from
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  • HOME
    • 474 7  -  By Allison Um A SINGAPORE doctor has won an award from the oldest spine research society in the world, the Scoliosis Research Society. Dr Tan Seang Beng, a consultant in the department of orthopaedic surgery at the Singapore General Hospital, is
      474 words
    • 544 7  -  By Lim Li Hsien ONE of Singapore’s older law firms, Chor Pee Company, was dissolved on Tuesday. Its former partners have started separate firms. According to court documents, the parties cited “fundamental differences” leading to the split. Three of the four equity partners left,
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    • 577 8  -  By Jasbir Singh SIX PEOPLE helped to foil a hold-up at a goldsmith shop in Geylang when they overpowered two robbers who were armed with semi-automatic pistols on Sunday night. All the loot valued at more than $700,000, was recovered. One of the
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    • 522 8  -  By Dawn Tan A SMALL but growing number of university graduates are choosing to become taxi drivers. Figures from the three taxi operators here show that there are at least 44 graduates working as full-time or relief taxi drivers. Comfort has 21 full-time graduate taxi
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  • Page 7 Advertisements
    • 187 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 whereveryoumaybe. Yes! Every week. Subscribe now. And be at home with the ST weekly. The Straits
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  • Page 8 Miscellaneous
    • 1133 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 1240
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  • SPORTS
    • 501 9  -  Pakistani coach also hopes training attendance will improve SQUASH By S. Murali THE Singapore national squash squad does not even have a firm grasp of the basics of the game. That is the frank appraisal of new coach Fahim Gul,
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    • 377 9  -  HOCKEY By Santokh Singh SINGAPORE will host the first women’s Asian Hockey Federation Cup in December. Hongkong will be the venue for the men’s competition in November. The AHF Cup has been established as the unofficial second division of the continental competition, with the
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    • 437 9  -  SOCCER By Joe Dorai ACCOUNTANT Don Ho has tendered his resignation as chairman of S-League champion club Geylang United, leaving the local soccer scene as quickly as he had entered it exactly a year ago. A relative unknown in local circles, he
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    • 405 9  -  SQUASH By S. Murali INJURY-HIT squash queen Mah Li Lian may throw her racket into the fray for next October’s South-east Asia Games in Jakarta, after an appeal by the Singapore Squash Rackets Association. Said the 28-year-old Mah, who announced her retirement
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  • MALAYSIA
    • 442 10 Malaysia on road to world standard: Analysts Reuter. KUALA LUMPUR As Proton rolled out its one millionth car on Monday, analysts were confident that it was another milestone on the road for Malaysia to become a world class car maker. The guest-of-honour at
      Reuter.  -  442 words
    • 644 10 SHAH ALAM Selangor Men tri Besar Muhammad Muhammad Taib said on Monday that the equivalent of M 52.5 million (SSI.3 million) in cash that he failed to declare before leaving Australia earlier this month was for a property purchase. He told
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    • 151 10 KUALA LUMPUR Toll charges on the North-Soutn Expressway were raised on Jan l. They are now 10.5 sen (about 5.5 Singapore cents) per km, an increase of 1.5 sen. It was the second time in four months the toll had been
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    • 297 10 Bemama. KUALA LUMPUR Media re ports about accidents and cholera in several states in the coun try were among the causes for the decline of tourist arrivals in the country during the first six months of last year. Culture, Arts and Tourism
      Bemama.  -  297 words
    • 388 10 Malaysia’s Civil Defence staff will patrol these parts to help motorists PETALING JAYA Seven stretches along Malaysia’s North-South Highway have been identified as particularly dangerous and motorists using them have been urged to be extra vigilant, particularly during this festive season. Billboards have been
      ABU SAMAH  -  388 words

  • SOUTH-EAST ASIA
    • 647 11  -  Rioters set fire to shops, banks, churches, schools Reports by Susan Sim Indonesia Correspondent JAKARTA The mob violence that left the West Java town of Tasikmalaya devastated and at least one person dead last Thursday spread to other towns in the province last
      AFP picture.  -  647 words
    • 177 11 JAKARTA President Suharto has urged Indonesians to guard against the emergence of groups threatening inter-faith harmony. Religion played a role in many social and political incidents in 1996, he said in an oblique reference to several instances when churches were attacked by mobs. In
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    • 490 11 But militaiy to press ahead with purchases BANGKOK The Bank of Thailand has said that plans to spend 40 billion baht (552.2 billion) on weapons, airliners and unnecessary infrastructure projects must be shelved if the government is to implement an effective austerity
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    • 344 11 BANGKOK The air quality in Bangkok's office buildings and department stores is worse than that outdoors, according to experts here. A senior expert in environmental health at the Ministry of Public Health, Mr Chetpan Kamkaew, told The Bangkok Post newspaper
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  • COMMENT/Pick of the week’s editorials
    • 688 12 JANUARY 4.1997 MOST voters would see the marked swing to the People's Action Partv in Thursday's election in fairly obvious terms. It raised its 1991 vote share of 61 per cent to 65 per cent, which halved the opposition presence in Parliament to just two seats.
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    • 665 12 JANUARY 2,1997 ISRAEL’S reported acceptance ol the idea of a Palestinian state, so long as it does not enjoy un limited sovereignty, includes a condition so restrictive as to render that acceptance almost useless. However, the Jewish state's insistence on those restrictive conditions makes
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    • 675 12 DECEMBER 30.1996 THE end of empire is a messy business. Compared to earlier instances of colonial departure from other parts of the world. Britain’s handover of Hongkong to China is peaceful, quiet and benign. Yet. even in the prosperous territory, which will revert to
      675 words
    • 969 12  -  POLL WATCH By Cherian George THE campaign to keep Mr Tang Liang Hong out of Parliament was one of the main spectacles in what was widely expected to be a surprisefree campaign. The Workers’ Partv candidate for Cheng San (}RC has
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  • COMMENT/ANALYSIS
    • 2226 13 After his speech at the PAP rally in UOB Plaza on Monday, Senior Minister Lee Kuan Yew held a press conference to elaborate on his warning about the dangers which can be caused by Chinese language chauvinists in Singapore in
      Picture by ALPHONSO CHAN.  -  2,226 words

  • INSIGHT A LOOK AT THE ISSUES OF THE DAY BY THE STRAITS TIMES POLITICAL DESK
    • Chua Lee Hoong takes a look at leadership renewal in the PAP and the opposition.
      • 1520 14 The People’s Action Party ON MOST mornings last week, from as early as 7.15 am. Environment Minister Teo Chee Hean had been at the Pasir Ris MRT station, greeting commuters and urging them to vote for his PAP team in the coming polls. Cutting a
        RAYMOND Ut  -  1,520 words
      • 489 14 The opposition parties THE opposition’s track record in leadership renewal is mixed. Given some opposition leaders’ penchant for hogging the limelight, it seems almost a contradiction to speak of opposition parties and leadership renewal. The opposition party dominating the news in the
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    • 1073 15  -  Thinking Aloud Han Fook Kwang ONE of the most interesting aspects about the General Election was having six of the younger ministers tested on their political skills in winning the ground. This should be good not only for their own political development but
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    • 1165 15 Chinese-language specialist inspector Yeo Guat Kwang, 35, was one of 12 new PAP candidates immersed in the heat of the hustings. The other 12 were returned unopposed. His five-man Cheng San GRC team faced a Workers’ Party line-up led by Mr J. B. Jeyaretnam.
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  • MONEY
    • 470 16 SINGAPORE shares kicked off the New Year on a positive note with the benchmark Straits Times Industrials (STI) Index climbing to a sVimonth high on its first trading session of 1997. The key 30-share market barometer gained 7.29 points to end at
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    • 1614 16 Company Data aim Nat aarn TV LY <$m) (Sm) EPS TV LV (CU> lets) ABN Amro Sap 18 1 1,696 1,372 492 402 AtSB* Sap 30 1 1629 8.737 1.50 6.52 Alcorn* Sap 12 1 13.682 14.510 10.7 11.4 Ait* Hldgs Dac 12 1 0.885 1.159 2.95 386
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    • 71 16 ST Industrials Index The Straits Times Industrials Index rose 21.48 points on the week to 2224.08. DAY CLOSE TURNOVER Monday 2218.45 (+15.85) 43.909m ($128.914m) Tuesday 2216.79 (-1.66) 35.217m ($89.668m) Wednesday Closed Thursday Closed Friday 2224.08 (+7.29) 48.432m ($147.608m) BT— MGA Index The BT MGA Index rose 19.47
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    • 1016 16 Payment <%> Ex date Books close Pay data AVJennings H 1.25 Jan 8 Jan 14 Jan 21 AISB 50C b 3 Jan 3 Jan 7 Jan 2' Amsteel 50C b 10 Jan 6 Jan 10 Jan 31 Antth Hldgs SOC b 6 Dec 9 Dec 13 Jan 6
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    • 90 16 Company Piaca Data Tima Insas Bhd A Dawan Borjaya Bt Klara Equastrian t Country Rasort Jin Bt Klara off Jalan Damansara ***** Kuala Lumpur Dac 30 11.00am Noal Gifts A SO Playfair Road Oac 30 2.00pm «06-00 Noal Building t (*****5) Hup Stnq A 36SA Jin Btsar Jan
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    • 164 16 RIGHTS ISSUE Company Ratio Exdate Books Acc close Paymt Econ Inti One-tor-two 9 $1.22 DecS Dec 11 Jan 7 Gadjeh 2000 One-lor-one RupiOOO Oct 2 Oct 8 NYA H L#onq ind One-for-ftve 9 RM6.00 Nov 13 Nov 19 NYA Sungei Way One-tor-flve 9 MS4.S0 Dec 16 Dec 20
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    • 112 16 Company Rights Issua AISB Thr#t-for-fiv« (3> RM5.50 Amcol One-for-two 9 $2.05 H Leonq Crop One-for-ten M$6.90 MUI One-for-two 9 M$1.30 Mulpha One-for-four 9 M$1.60 Nippercraft One-for-four il> S0.28 PM! Three-for-two 9 MS1.00 Company Bonus Itsuo Komoyan Corp One-for-three H leonq Crop One-for-ftve MAA One-for-five Malayawata One-for-two Noel Gifts
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    • 509 17  -  By Alvin Tay DEPARTMENT stores and supermarkets in Singapore reported higher sales in 1994 but their profit margins were badly because of keen competition, a nationwide survey by the Department of Sta tistics (DOS) shows. According to the Wholesale and Retail 1994 economic survey series
      509 words
    • 386 17  -  By Patrick Tan THE New Year will start with a bang as far as new public share offers are concerned, with at least half a dozen companies finalising details for their big launch in the first two to three weeks. Last Friday,
      386 words
    • 152 17 COUNTER RATES Singapore dollar* to on* unit of foreign currency Selling Buying OD US dollar 1 3890 1.4044 Sterling pound Australian dollar 2.3301 2.3858 1 0848 1.1185 Canadian dollar 1.0015 1.0244 NZ dollar 0 9693 1.0025 EC unit 1.7663 Singapore dollars to 100 units of foreign currency 13.1205 Austrian
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    • 256 17 DBS BANK has promoted Mr Ng Kee Choe to president and Mr Tan Soo Nan to deputy president. The new appointments took effect from Wednesday. A bank statement on Sunday said deputy prewdent Lau Chan Sin will rcmaw M»-deputy chief operating officer. As
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    • 124 17 Contract date: January 03 1997 UNIT ONE MTH 3 MTH 6 MTH 9 MTH 12 MTH CALL VALUE DATE uss 4S 4% 5 5 5s 4S 7/1/97 AS 5'. 5 s 5'. 5 1 4 5s 4S 7/1/97 NZ 7 7 6>. 6'. 6s 6s 7/1/97 STG
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    • 427 17 January ***** HK* ASM Pacific 6 10 •0 050 Aii*<j ind inti 1 31 •0.05 Allied Oversea 0 92 0 02 A«i» Sec in) 86 0 02 Berk o' EA 34 00 0 20 C P Pokphand 3 IS 0 15 COL Motel 4 45 0 03 Cate De
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    • 695 17 Mars' Prices, Jan 6 AbtrustFundMgre Abtrust Spore GrFd 0 960-1 009" Allied Phillip Mgt Asia Pacfic Growth Fd 1151—1 209 Amencan kid Aseur AIA Unit Lmked Fund 1.038-1 093* AKA Life Fortress Fund 1013* Cldc orp kivt Bank CitiGlobal Bond Fd 1 040-1050" Citi Asia Infrastructure Fd 1
      695 words
    • 8254 18 INDUSTRIAL AND COMMERCIAL Transaction Data: January 3 1997 1995/96 Curr Last Vol Day Gr-t Nat M Cap WtAvg High Low Company Traded Sat# ♦or000 High Low Olv P/f $mi Price ASE NT910 200 US 1000 900 ASF US$0 01 100 us 900 900 214 165 Acer 50c
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    • 286 20 STRAITS Steamship Land (SSL) deputy chairman Lim Chee Onn took over the mainboard-listed property group's chairmanship from Mr Sim Kee Boon on Jan 1. Mr Sim, who has been SSL chairman since 1984, said in a statement on Monday: “With Chee Onn’s
      286 words
    • 410 20 SWISS chemical firm Lonza is investing US$l25 million <*****.2 million) in a chemical plant in Singapore together with the Economic Development Board (EDB). To be iocated on Pulau Sakra in south-west Singapore, the facility will produce 70,000 tons of purified isophthalic acid
      Picture by TERENCE TAN.  -  410 words
    • 323 20 FOURTEEN new stocks, including Sesdaq-listed Aztech Systems, have been awarded Central Provident Fund (CPF) trustee stock status with effect from Jan 1. The other 13 are Compact Metal Industries, Cosco Investment, FJ Beryamin, Jack ChiaMPH and its 3.5 per cent unsecured bonds
      323 words
    • 764 20  -  MARKET DIPS FOR THIRD YEAR By Chan Wee Chuan THE amount of shares traded on the Singapore stock market fell 10.7 per cent to $79 billion last year the third consecutive fall since the bull run in 1993. “1995 was already considered
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  • Page 21 Advertisements
    • 864 21 1 he Straits Times Weekly Edition LU m PAGE S: s aaaaMMaMMMitnii a: SILK AIR The Regional Wing of Singapore Airlines ADMINISTRATIVE OFFICERS If you have a good honours degree (2nd Class Upper and above) in any discipline, we have a great career path for you. We provide training and
      864 words

  • Page 22 Advertisements
    • 875 22 Nera (SEA) is a subsidiary of one of Norway's leading telecommunications companies with a good track record of solid growth and profitability in the region. Due to our growth and expansion, we have an excellent opportunity for the following position in our Information Technology Division: MANAGER, CABLE NETWORK DEPT. 2
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  • FORUM
    • 625 23 I HAVE just returned from a trip to Malacca and must say that the traffic jams on botn sides of the Causeway took away much of the enjoyment. Since this state of affairs is reported to have existed for a considerable time, I
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    • 837 23 SOME weeks ago, I had an exchange of letters with Ms Chua Lee Hoong in the Forum page concerning the integrity of Dr Sun Yat Sen. In her article, “Why Sun Yat Sen is revered bv China and Taiwan” (Sunday Review, Nov 17),
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    • 363 23 THE Oriental theme of Chinatown will be enhanced together with the project to improve facilities for its residents, according to your report. “Jog and swim on Chinatown rooftop soon" (ST, Dec 28). The improvements are expected to be appreciated by residents, but is
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    • 165 23 I HAVE recently noticed, while driving, that often, the car in front has sunshades stuck on the rear windscreen, and even on the four windows. I find this not only distracting to the driver in the vehicle behind it, as some of the sunshades are
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    • 147 23 I REFER to the letter on the use of sunshades in vehicles (see above). Under the Road Traffic Act, a motorist must keep the windscreens and windows of his vehicle unobstructed while driving. Hence, sunshades may be used in moving vehicles to shield
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  • Page 23 Advertisements
    • 123 23 Dear Readers, THE Straits Times welcomes letters from you. Your letters must include your signature, 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, such
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  • 565 24 6.5% growth for 1996 better than forecast Stay with winning formula, PM Goh urges Singaporeans PRIME Minister Goh Chok Tong on Tuesday urged Singaporeans not to change the country’s winning formula. ,vhich had brought 6.5 per cent growth to the economy in 1996. The annual growth figure, which he released
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  • 401 24  -  By Elena Chong 4 COMPUTER scientist retrieved data from his chief finan- officer s electronic mailbox and faxed copies to their company's clients, a district court heard yesterday. Ooi Chuan Hock. 36. a Malaysian. was working as an asset and liabilitv management consultant
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  • 434 24  -  By Yeow Pel Lin IT WAS a wet and wild welcome to 1997 at Suntec City on New Year’s Eve. Many jubilant and totally drenched teenagers celebrated the start of the new year, dancing and splashing under giant sprays of water from the basement fountain.
    Picture by LILLIAN FOO.  -  434 words