The Straits Times : Weekly Overseas Edition, 19 April 1997
1997-04-19
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The Straits Times : Weekly Overseas Edition
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Title Section19 1997-04-19 1 The Straits Times WEEKLY EDITION SATURDAY, APRIL 19. 1997 Price: 551.20 (in Singapore) Elsewhere by subscription only MITA(P) 156/08/9619 words
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Article, Illustration770 1997-04-19 1 Tan Hsueh Yun - By Tan Hsueh Yun ONLY two bites of the cherry. Housing Board flat buyers will now be entitled to only two subsidised mortgage loans. After that, if they buy another new or resale flat, they will have to pay market interest rates770 words
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Article, Illustration549 1997-04-19 1 Karamjit Kaur - SBS drivers can now snap bus lane offenders By Karamjit Kaur ALL THE bus driver has to do is push a button and the camera mounted in front of the bus will snap pictures of vehicles blocking his way in the bus lane. That snapshot willPicture by FRANCIS ONG. - 549 words
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Page 1 Advertisements
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Advertisement12 1997-04-19 1 Neptune Orient Lines in sl.2b deal to buy US group: Page 212 words
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Advertisement12 1997-04-19 1 Planning a CAREER Move CHECK OUT Pages 21 22 8 *****1 *****612 words
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NEWS FOCUS
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Article, Illustration649 1997-04-19 2 Chan WeeChuan - Largest foreign acquisition by Singapore company By Chan WeeChuan GOVERNMENT-LINKED Neptune Orient Lines (NOL) will spend US$B25 million (Ssl.2 billion) to buy US shipping group APL Ltd in the largest foreign acquisition by a Singapore firm. The deal will649 words
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Article, Illustration582 1997-04-19 2 Lim Li-Hsien - By Lim Li-Hsien JANE Ong, the 36-vear-old Englishwoman who fought a one-woman battle in court for her share of a US$5O million ($72 million) estate, has finally won her case. The Court of Appeal Chief Justice Yong Pung How and Justices M.582 words
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Article368 1997-04-19 2 IT WAS an old-fashioned case of in-law trouble except in Mrs Jane Ong’s case her in-law problems lasted long after her marriage ended. Mrs Ong, 36, married Indonesian businessman Ong Siauw Tjoan, 39, in London in 1982. But she never got along with his mother,368 words
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443 1997-04-19 3 STUDENTS, businessmen and the public can keep in touch with latest developments in the region, with the new East Asian Institute's seminars and research papers. The institute, launched by National University of Singapore Vice-Chancellor Lim Pin on Wednesday, has adopted a443 words
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Article, Illustration407 1997-04-19 3 Rav Dhaliwal - By Rav Dhaliwal, in Seattle SINGAPORE Airlines unveiled its first Boeing 777-200 last Thursday complete with a package of new features which could make it the best quality aircraft flying short to medium range routes. The 286 seater boasts suchPicture bv CHEW SENG KIM. - 407 words
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Article, Illustration623 1997-04-19 3 Elena Chong - Judge describes murder of man’s former lover as one of his most gruesome cases By Elena Chong A MAN was sentenced to death on Monday for murdering his sister-in-law, a killing the High Court judge described as the most gruesome he nad ever encountered. After623 words
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HOME
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Article, Illustration429 1997-04-19 4 Karamjit Kaur - By Karamjit Kaur THIS is one red light you can beat and not break the law. But most motorists did not dare turn left when the light was red. until a Land Transport Authority officer told them they could go ahead. EvenPicture by STEPHANIE YEOW. - 429 words
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715 1997-04-19 4 Chua Lee Hoong - 1990 accord on KTM land By Chua Lee Hoong THE Permanent Secretary of the National Development Ministry has written to Malaysia's New Straits Times to clarify key points in a 1990 bilateral agreement on tne development of Malayan Railway land in Singapore.715 words
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382 1997-04-19 4 Elena Chong - She gets one month’s jail and $2,000 fine By Elena Chong A WOMAN from China gave birth to a boy at an HDB void deck in Choa Chu Kang early on Monday morning and, two days later, was given one382 words
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643 1997-04-19 5 They are among 2% of servicemen with mental problems WITHIN the space of a month, three Singapore Armed Forces soldiers have died in two separate accidents during training, in Singapore and in New Zealand. Also injured were 16 other SAF servicemen at the643 words
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Article, Illustration172 1997-04-19 5 The agreement signed between Malaysia and Singapore in 1990 requires the KTM railway station to be relocated. A joint-venture company, M-S Pte Ltd, will be set up to develop the former railway land. The company will be 60% Malaysian, 40% Singaporean. New deal: Electric train service? In December172 words
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Article188 1997-04-19 5 ANGLO-CHINESE Junior College (ACJC) principal Wan Fook Weng, 60, who has spent about 50 years in the ACS family as a student, teacher and finally, principal retires at the end of this month. He entered Anglo-Chinese School (ACS) in 1946. He received a first-class honours degree188 words
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Article, Illustration750 1997-04-19 6 Deafening but only for a few weeks Bukit Panjang residents will be the first to have the Light Rapid Transit (LRT) system at their doorstep. But first, they have to put up with some inconvenience as work to build the system has moved into the neighbourhood. Leong Chan Teik andSOURCE LTA; : and LEE CHEE CHfW; 3AVMOND LEE a; — Picture by ALBERT SIM. - 750 words
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424 1997-04-19 6 Lea Wee - By Lea Wee A DOCTOR who promoted an unrecognised procedure for treating cancer patients will be struck off the medical register on May 7. said the Singapore Medical Council. General practitioner Ronnie Chee Beng Kiat. 36. who owns Mount Sinai Medical424 words
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Article, Illustration675 1997-04-19 7 Douglas Wong; and Sharon Vasoo - By Douglas Wong and Sharon Vasoo AMERICAN-STYLE downsizing hit Singapore's high technology sector last Friday with struggling personal computer leader Apple laying of? 101 staff, or 10 per cent of its Singapore workforce. The restructuring closes its acclaimed Apple Designsoftware engineer, Mr Wang Shi Wei. — Picture by STEPHANIE YEOW. - 675 words
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Article, Illustration569 1997-04-19 8 COME April 28. a three-step GST refund system will be in place. It promises to be hasslefree for foreign and local shoppers alike, as well as retailers. Asia Tax-free Shopping (ATS), formed last December, will take over most of the claims process, andOAVMOND; AND ADAM LEE - 569 words
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Article, Illustration278 1997-04-19 8 ENVOY TO ITALY UNITED Overseas Bank’s first vice-president. Miss Pang Cheng Lian. has been appointed Singapore's Ambassador to the Republic of Italy. Miss Pang. 54. is Singapore’s fourth woman envoy, and the first to be appointed a roving ambassador, which is an ambassador who278 words
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Page 5 Advertisements
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Advertisement227 1997-04-19 5 GAIN A STRATEGIC UNDERSTANDING OF THE ASIA PACIFIC REGION I Leeds was rated 7th in research power amongst the UK's top universities in the recent Research Assessment Exercise of the UK's 191 institutions. The Master of Arts in Asia Pacific Studies taught in Singapore, made available to the region via227 words
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Page 7 Advertisements
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Advertisement185 1997-04-19 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 ST185 words
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Page 8 Miscellaneous
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Miscellaneous1115 1997-04-19 8 RADIO SINGAPORE INTERNATIONAL (ENGLISH) PROGRAMME SCHEDULES 1100 1400 Hours (GMT) 6015 KHz (49M BAND) 6155 KHz (49M BAND) MONDAY 1100 News 1109 Business Market Report 1115 Arts Arena 1130 News 1135 The Front Page 1138 E Z Beat 1145 Newsline 1200 News/Weather (Asia-Pacific) 1205 E Z Beat 1220 Business Market1,115 words
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SPORTS
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Article, Illustration544 1997-04-19 9 Joe Dorai - Whitbread singles out new faces for their bravado in Beirut SOCCER By Joe Dorai SINGAPORE’S new-look national soccer squad, made up of several young talented foot bailers, passed its first test with flying colours with a creditable 1-1 draw against Leba non in the pre-world Cup544 words
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Article, Illustration680 1997-04-19 9 Joe Dorai - BADMINTON By Joe Dorai A COMMONWEALTH Games gold medal. That is what the Singapore Badminton Association nas promised to deliver in 18 months’ time when the Games go to Kuala Lumpur. The SBA is banking on three players to make good its680 words
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Article, Illustration307 1997-04-19 9 Santokh Singh - By Santokh Singh ABBAS SAAD’S ban from playing soccer in Asia has been re-imposed by Fife, the world governing body. This follows the successful appeal by the Asian Football Confederation to Fifa, which had earlier lifted the continental punishment. The Australian, who307 words
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MALAYSIA
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Article, Illustration494 1997-04-19 10 AFP. KUALA LUMPUR The Malaysian government, searching for ways to ease worsening traffic in the capital, will allow building operators to reduce or scrap parking bays to force motorists to take public transport. The Cabinet decided on the move as a signAFP.; File picture. - 494 words
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735 1997-04-19 10 Ho Wah Foonand; Brendan Pereira - By Ho Wah Foonand Brendan Pereira in Kuala Lumpur TAN Sri Muhammad Muhammad Taib. plagued bv a court case in Brisbane that has led to investigations against him by the Anti-Corruption Agency, has resigned as Selangor Mentri Besar. Prime Minister Datuk Seri Dr735 words
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250 1997-04-19 10 JOHOR BARU A Malaysian couple was robbed as they were watching television in their home in Jalan Ros Merah. Taman Jo hor Java, here on Tuesday. Harian Metro reported that three men. one of them armed with a gun. entered the house at250 words
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531 1997-04-19 10 MALAYSIA, with its booming economy, has emerged as the fastest growing Asian country in international trade in the *****, recording an average an nual growth rate of 18 per cent in botn its exports and imports, a new study has531 words
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SOUTH-EAST ASIA
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641 1997-04-19 11 Edward Tang - National IT project aims to help companies become more competitive By Edward Tang Thailand Correspondent BANGKOK Thailand is going big in the information technology (IT) industry, with the completion of a masterplan for the Software Park, a multi-billion-baht national project aimed at helping its641 words
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Article, Illustration68 1997-04-19 11 DISHING OUT NEWS: Indonesians right across the 17,000 islands of the archipelago including those in this seaside kampung on Natuna Island in the South China Sea will be able to keep up with the action of the country’s first “television-based” election campaign beginning April 27. The country’sReuter picture. - 68 words
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141 1997-04-19 11 MANILA —Tiger Woods’ historic win in golfs US Masters led to Philippine President Fidel Ramos arriving late for the launch of “punctuality week”, it was reported on Tuesday. The avid golfer and a fan of Woods reportedly woke up at141 words
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584 1997-04-19 11 -AFP. MANILA The prime targets of kidnappers in the Phuippines are keeping a low profile and improving their marksmanship at the firing range. Ethnic Chinese businessmen and their relatives, the main targets of kidnappers in the Philippines, are taking such measures to-AFP. - 584 words
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COMMENT/Pick of the week’s editorials
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Article676 1997-04-19 12 APRILIB 1997 COMPARED to Europe's bleak labour market. Singapore is not doing at all badly. Yet. even here, the very fact that nearly 11,000 workers were laid off last year underlines the need always to remain at least a step ahead of national and international676 words
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Article685 1997-04-19 12 APRIL 17 ->997 ONE good company deserves another. Government-linked Neptune Orient Lines (NOL) is set to make waves in the days ahead with its proposed acquisition of APL Ltd. America's second largest container shipper. News of the buvout. the largest to-date by a Singapore-listed685 words
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Article704 1997-04-19 12 APRIL 16. 1997 THE tighter mortgage financing rules announced for Housing Board flats should help introduce a degree of realism into the market. but how far they will go towards shortening' the HDB queue remains to be seen. The effects of the realism should be felt704 words
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546 1997-04-19 12 LeeHanShih - By LeeHanShih The Business Time: HAVE we seen the last of the property curbs 9 How credible is the speculation tnat a further round of curbs will be announced in the next few months 9 And will it trigger a price546 words
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COMMENT/ANALYSIS
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Article, Illustration1138 1997-04-19 13 Ravi Velio - By Ravi Velio THE Education Ministry is about to attempt a sea-change in the way it educates a nation. Previously it aimed to achieve high levels of literacy and numeracy; now it is aiming to produce the thinking, creative worker ofJIMBO AIBANO - 1,138 words
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825 1997-04-19 13 Koh Buck Song - By Koh Buck Song A RARE event took place in Singapore last ween that deserves to be noted. The silent protest bv National University of Singapore undergraduates against the recently-announced fee hike might well have been brushed aside by most observers as a non-event.825 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, Illustration260 1997-04-19 14 “THERE is a Malay saying that water cannot be separated even by a knife. That’s the nature of our relationship with Malaysia. Our interests are very closely intertwined and we certainly share some common future because if one country is badly260 words
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779 1997-04-19 14 AS PRIME MINISTER Goh Chok Tong said, water cannot be cut with a knife Indeed, water is at the core of the interdependent relationship between Singapore and Malaysia. Singapore receives 1.5 billion litres of raw water daily from Johor, and supplies 159 million litres779 words
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Article767 1997-04-19 14 MALAYSIA'S strategic stake in the heart of Singapore, or an umbilical cord that will not be broken? The apparent anomaly in which another government owns something like 200 hectares ofland in sovereign Singapore dates back to 1918, when the Singapore Railway Transfer Ordinance drawn767 words
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Article682 1997-04-19 14 Commercial airspace UNDER international law, a countiy has sovereignty over the airspace directly over its land, as well as the airspace over the seas which counts as belonging to it. And that, under a 1982 United Nations convention on the law of the sea, usually stretches about682 words
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Article, Illustration1165 1997-04-19 15 Interview Unionist Harbans Singh created a stir at the recent Triennial Delegates’ Conference when he made an impassioned speech calling on Singaporeans to stand up to Malaysia. He took the Malaysians to task for their outburst against Senior Minister1,165 words
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Article, Illustration1217 1997-04-19 15 Sonny Yap - Who will feed you when you are 64 in 2030? Thinking Aloud Sonny Yap A POIGNANT scene in the 1958 Keisuke Ki noshita film The Ballad of Narayama depicts a weeping son carrying his elderly moth er up the* mountain and’leaving her to die. The story centres on a 19th1,217 words
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MONEY
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460 1997-04-19 16 Weekly share market review LOCAL share prices managed to make a mild comeback towards the end of the holiday-shortened week, after heavy falls in the first Half of the week.* New curbs on HDB lending announced last Saturday, a weak Malaysian market, as well460 words
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Article74 1997-04-19 16 ST Industrials Index The Straits Times Industrials Index dropped 25.28 points on the week to 2043.20. DAY CLOSE TURNOVER Monday 2034.64 (—33 84) 126.119 ($398.438m) Tuesday 2032.97 1.67) 142.233 ($341,337m) Wednesday 2040.19 (+7.22) 139.85 m ($322.595m) Thursday 2043.20 3.01) 126.599 ($264.439m) Friday BT—MGA Index The BT—MGA Index74 words
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Article1749 1997-04-19 16 Net Hf n CPS Date TV tV TV tV Company am <sm) <sm> (et»l lets) ASJ Hldqs Mar 24 F 2.188 4.522 2.92 Acor Mar 12 F 32.481 31.029 19.6 22.8 Acma Mar 19 P 40.588 52.778 24.5 31.9 Amsttel* Jan 30 I 64.863 58.760 6.20 5.10 AmtakEng1,749 words
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Article272 1997-04-19 16 RIGHTS ISSUE Ex- Books Act 6 Comaony Ratio Oofs dost Peymt Kappal T 6 T Two-for-four Apr 3 Apr 9 NVA BONUS ISSUE b- Books Company Ratio Pats closo Kappal Corp Ono-for-four Apr 24 Apr 30 OTHERS b- Books Aec k Company Ratio Oats clots Paymt Kappol Entltlomsnt272 words
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Article180 1997-04-19 16 Company Rights Itauo AISB Three-for-flve RM5.50 Amcol One-tor-two $2.05 Resources One-for-two 9 $1.30 H Leong Cred One-for-ten 9 M$6.90 I PC Coprn One-for-flve $0.30 MUI One-for-two MS1.30 Mutpha One-for-four MSl.60 Nippercreft One-for-lour 9 $0.28 PMl Three-for-two 9 MS1.00 Pub Bk F One-for-flve 9 M$340 OUB One-for-flve $6.25 OUB180 words
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Article1212 1997-04-19 16 Payment Ex Books Pay <*> 22* 221— Amtek Eng 20« I 7 STE Apr 3 Apr 9 Apr 23 BAT 21« F 1» Apr 10 Apr 16 Apr 28 Boustead 50« I 10 May 7 May 13 Jun 14 Burwill 10C2000 I 33 Apr 1 Apr It May1,212 words
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Article, Illustration467 1997-04-19 17 Chan Wee Chuan - High turnover in APL caH options cited NOL’s planned acquisition of APL By Chan Wee Chuan A SINGAPOREAN has been accused of insider trading in connection with Neptune Orient Lines' $1.2 billion acquisition of US shipping group APL Ltd. The US Securities andSOURCE BLOOMBERG; G CHANDRADAS - 467 words
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Article147 1997-04-19 17 COUNTER RATES Singapore dollar* to one unit of foreign currency Selling Buying OD US dollar 1.4307 1.4470 Sterling pound 2.3042 2.3606 Australian dollar 1.0906 1.1250 Canadian dollar 1.0166 1.0398 NZ dollar 0.9697 1.0029 EC unit 1.6427 Singapore dollar* to 100 unit* of foreign currency 12.0601 Austrian schilling 11.5524 Belgian147 words
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488 1997-04-19 17 SINGAPORE Press Holdings (SPH) has boosted its interim net profit by 9.2 per cent to $172.4 million despite slower growth in advertising revenue. This was achieved on the back of a 3.4 per cent rise in turnover to $455 million for the six488 words
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Article119 1997-04-19 17 Contract date: April 17 1997 UNIT ONE MTH 3 MTH 6 MTH 9 MTH 12 MTH CALL VALUE DATE uss 5>/„ 5'/. 5 /16 5 s 5 /14 47„ 21/4/97 AS 5 s 5s 5’. 5’. 5 4 7,4 21/4/97 NZ 6'j 67,4 6’. 6 y,« 77,,119 words
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Article434 1997-04-19 17 April 17 1997 HK$ 4/* ASM Pacific 5 10 •0 050 Allied ind lot i 248 0 08 0 86 -0 01 Aaia Sac In* 280 -0 08 Hank of EA 26 20 -0 15 C P Pokphand 2 45 COL Hotel 3 38 40 02 Cat» Oa Coral434 words
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Article767 1997-04-19 17 AbtruttFund Mgr* Abtfu*t S pore O Fd 0 993 1 044 American Inti At tur AiA unit Linked Fund 1 043-1 098« AXALrf* Fortress Fund 0 995* Citicorp Invt Benk C*&ob* Bond'd 1 037-1 047“ Cit’ Asu infrastructure f d 1 11—1 16“ Credit Lyonnais Int i Astat767 words
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499 1997-04-19 20 Narendra Aggarwal - By Narendra Aggarwal SINGAPORE'S manufacturing output remains sluggish, dropping 5.5 per cent vear on year in February, on the heels of a sizeable 6.9 per cent decline in January. Output for the first two months of this year was thus 6499 words
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Article9547 1997-04-19 18 NDUSTRlA^AN^COMMERClA^^^^^^^^^^^^^^^^^^Transactior^ate^priM^gg? 1997 Curr Last Vol Day Grs Net M Cap Wt Avg High Low Company Traded Sale -for- 000 High Low Div PE smil Price ASE NTSIO 200 US 885 885 ASF US$O.Ol 100 US 885 88 5 175 155 Acer 50c US 167 -2 247 1679,547 words
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Article524 1997-04-19 20 Tan Li Eng - Impact of property curbs unlikely to be felt till this year By Tan Li Eng DBS Bank’s loans to professionals and private individuals recorded strong double-digit Srowth for the past four years espite curbs imposed on the industry to slow the momentum. Loans extended524 words
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629 1997-04-19 20 William Choong - By William Choong SINGAPORE’S key non-oil domestic exports for March are likely to fall 4 per cent from last year as a result of continued poor demand for electronics, say analysts. Electronics account for twothirds of such exports, while electronics output629 words
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446 1997-04-19 20 Chan Wee Chuan - By Chan Wee Chuan SESDAQ-LISTED Heshe Holdings will spin off its profitable North Asia operations, which is expected to raise at least $45 million for the garment manufacturer. It has also proposed giving existing shareholders preference to subscribe for shares of the listing446 words
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Page 21 Advertisements
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Advertisement858 1997-04-19 21 mm ■mm m y.yyy. UNITED OVERSEAS BANK GROUP We are Singapore's leading bank Group, providing an extensive range of finance-related services, with a progressive workforce dedicated to work excellence and quality service We invite applications for the posts of: GROUP AUDIT INTERNAL AUDITORS The successful candidates will join our team858 words
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Page 22 Advertisements
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Advertisement1096 1997-04-19 22 EBB INVESTMENTS EDB Investments Pte Ltd (EDBI), a wholly owned subsidiary oj the Economic Development Board (E DB is responsible for strategic equity investments on behalf of EDB in a u 'ide range of projects inside and outside Singapore in support ofEDß’s thrust to build World Class Industry Clusters and1,096 words
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FORUM
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583 1997-04-19 23 Forgiving bosses I FOUND the reports on how two bosses forgave their staff who had done wrong (ST Weekly Edition, April 12) heartwarming. Instead of taking action against his secretary Tor theft, one employer persuaded her to remain in her job and583 words
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344 1997-04-19 23 NUS FEE-HIKE PROTEST I REFER to the report “Students’ protest over varsity fee hikes fizzles out” (ST, April 10). I read it with astonishment. The comments made by some of the students smack of ignorance and a telling lack of commitment to any344 words
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Article220 1997-04-19 23 I REFER to Mr Spencer Lee Chong Hua’s letter “Tax returns by Internet?” (ST, April 12). We would like to inform Mr Lee that the Inland Revenue Authority of Singapore (Iras) is working on a system that will allow taxpayers to file their tax220 words
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753 1997-04-19 23 IN HIS article “Why raise taxi fares? Cut their costs instead” (ST Weekly Edition, April 12), Mr Ravi Veloo argued that the costs of taxis should be lowered to help raise taxi drivers’ income. His argument is flawed from the transport policy perspective. It753 words
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Page 23 Advertisements
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Advertisement124 1997-04-19 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, such124 words
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Article528 1997-04-19 24 Thomas Lee - Discount for early birds suggested By Thomas Lee MASS Rapid Transit fares may be revised under a pro posal aimed at persuading commuters to travel to the city before the morning rush hour and to use stored-value tickets. The Straits Times learnt on Thursday that the528 words
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Article171 1997-04-19 24 PARLIAMENT will be reconvened on May 26 May and will debate the President’s Address in early June, Mr Wong Kan Seng said last Saturdayt. The Budget would be presented to the House and debated in July, he added. Mr Wong, who is Home Affairs Minister171 words
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Article, Illustration572 1997-04-19 24 Elena Chong - Bungled property deal By Elena Chong A LAWYER who acted for the would-be buyers in a bungled property sale was mostly to blame, said the Court of Appeal. It ruled in favour of the would-beFile picture. - 572 words