The Straits Times : Weekly Overseas Edition, 24 May 1997

Total Pages: 24
1 24 The Straits Times : Weekly Overseas Edition
  • 20 1 The Straits Times WEEKLY EDITION SATURDAY. MAY 24 1997 Price: 551.20 (in Singapore) Elsewhere by subscription only MITA (P) 156/08/96
    20 words
  • 721 1  -  BG Lee: Knowing the past will prepare young for future By Chua Mui Hoong HISTORY for the future, to equip the young with the instincts, attitudes and values to make them Singaporeans. This was the "vital enterprise” Deputy Prime Minister Lee Hsien Loong'set 22,000 teachers, principals
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  • 179 1 FORMER television actor Collin Chee has always dreamt of being a national soccer player. But, while he has played club football for Labrador Juniors in the lower echelons of the Singapore National Football League, he did not quite have the ability to make it into
    Picture by JERRY SEH.  -  179 words
  • 155 1 A BANKRUPT beautician. who claimed that termites had eaten her passports. began a one-week jail sentence on Monday for contempt of court fair leaving Singapore more than 70 times without the Official Assignee’s prior approval. Madam Jenny Wong Kum Chee. 50. principal of Top to Toe
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  • NEWS FOCUS
    • 691 2  -  Court orders him to pay $2.4m-penalty for graft By Lim Seng Jin FORMER Government of Singapore Investment Corporation <GIC> manager Eddie Taw Cheng Kong was on Monday found guilty on eight charges of corruption after a 15-dav trial. District Judge Adab Singh
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    • 531 2  -  By Elena Chong CHAN Toh Kai was one of Singapore’s top an-ti-graft fighters, commended and promoted over the years for his work in putting away the corrupt. ißut the senior special investigator of the Corrupt Practices Investigation Bureau threw
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    • 548 2  -  S’porean’s fall from JB hotel By Jasbir Singh A PREGNANT young widow refused to believe her husband committed suicide in Johor Baru and spent a week shuttling between Singapore and Johor to find out how ne had died. Madam Ong Fei Min, 25,
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    • 538 3  -  Court wants to settle question ‘once and for all’ By Tan Ooi Boon WHEN a criminal is sentenced to life imprisonment, does he go to jail for 20 years, or
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    • 202 3 Pledged for peacekeeping SINGAPORE has pledged troops and equipment to the United Nations. which can be deployed at short notice, for worldwide peacekeeping purposes. This quick-reaction force, which includes two of the SAF’s Super Puma helicopters and C--130 transport planes, was pledged to the UN Standby
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    • 611 3  -  By Narendra Aggarwal SINGAPORE has once again been ranked as the world’s most competitive country excelling in nearly every major area that counts in terms of competitiveness. The Republic came out on top for the second consecu tive year in the Global Competitiveness Report
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  • HOME
    • 699 4  -  He is charged with evading tax on $210,982 By Ahmad Osman A WARRANT of arrest was issued against Mr Tang Liang Hong by a subordinate court yesterday evening after he was charged with 33 counts of evading tax on income totalling $210,982.
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    • 353 4  -  By Chua Chin Hon WHEN Mr Alvin Lee. 38. quit his job as a factory manager two years ago. it was not for greener pastures but sandy beaches. The former engineer had a dream to build sandcastles with a set of tools he had de signed.
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    • 493 4  -  By Chua Mui Hoong WATER rates for households will be raised progressively to drive home the message that water is precious and to make water conservation an ingrained habit among Singaporeans. An announcement on the revised rates will be made
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    • 640 5  -  By Leong Ching Ching SINGAPORE wished its neighbours well because it would benefit from their success. But, it was better if it stayed ahead of them and let its success spill over. Prime Minister Goh Chok Tong said last night. He said that the
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    • OUT: Malaysia IN: Thailand and Indonesia
      • 587 5  -  Reasons given: To show support for S’pore and also to play safe By Rav Dhaliwal and Eliza Teoh GRASSROOTS bodies have shifted their tours this June school holidays to Indonesia and Thailand, instead of previous hot destination, Malaysia, following the recent Malaysia-Sin-gapore problems.
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      • 410 5  -  By Jasbir Singh SINGAPOREANS have been giving Johor Baru’s nightspots a miss ever since the diplomatic row between Singapore and Malaysia in March. But they are still visiting during the day to shop. A check with 25 karaoke lounges,
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    • 249 5 A BABY is among the 33 Singaporeans who were infected with HIV. the virus that causes Aids, in the first quarter of this year. This is the first time since 1991 that a baby had contracted HIV through its mother. A baby can get
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    • 509 6  - Portrait of the average Chinese Singaporean ■Pragmatic Flexible Driven to achieve Comparing her findings with similar studies in America, Prof Chang said that Chinese Singaporeans had the same “need to achieve” as Americans, but showed a higher tendency to consult and work with the community to achieve more conventional goals.
      10« JAHAN  -  509 words
    • 442 6  -  It was the largest number of illegal workers found at a single site in 250 raids conducted by Safe Technology since March last year. By Jasbir Singh FORTY THREE Malaysian illegal workers were found at a construction site in Choa Chu Kang early on
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    • 213 6 PROF Chang wanted to test the view that only highly individualistic societies produced very motivated people. Her research showed that this was not true. Although Singaporeans lived in a society which valued the community, they were as driven and motivated as people in America. For example, all those interviewed,
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    • 403 6 Scrapping of electric train proposal AN ELECTRIC train service between Johor Baru and Singapore powered by overhead cables would be unsuitable for a densely built-up city like Singapore for several reasons, including it being unsafe, said the Land Transport Authority last Friday. The LTA spokesman was
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    • 526 7  -  60-year-olds show they are still game for the outdoors By Yeow Pei Lin GIRL GUIDE Anna Tham, 63, spent her school days pitching tents on deserted beaches and plantations, and trading campfire tales. For the sprightly mother of three, those outdoor days are far from
      Picture by ALI YUSOFF.  -  526 words
    • 336 7 He lifted her night dress, touched her private parts while she slept A 65-YEAR-OLD grandfather who lifted a Filipino maid’s night dress and touched her private parts was sentenced to seven months' jail last Friday for doing so. Ko Sun Hock pleaded guilty to
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    • 446 8 FROM May 30. Internet users here will have faster and smooth er access to sites around the world with two high speed Inter net linkb The T 3 links to the US. where most of the intormation in cyber space is located,
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    • 270 8 Hot dogs for 25 cents, root beers for 20 cents THIS food stand sells hot dogs, chili con came and root beer at 1927 price;,. So hot dogs went for 25 cents and root beer at 20 cents a cup on Tuesday to kick off the
      Picture by SOH WEN LIN.  -  270 words



  • Page 7 Advertisements
    • 165 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
    • 1117 8 RADIO SINGAPORE INTERNATIONAL (ENGLISH) PROGRAMME SCHEDULES 1100 1400 Hours (GMT) 5015 KHz (49M BAND) 5155 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 4
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  • SPORTS
    • 544 9  -  STBC to be given biggest financial aid under SSC’s Co-operative Agreement BOWLING By Shirlynn Ho-Pereira IT WAS the last but certainly not the least, as the Singapore Sports Council official said. And so it was, when the SSC signed a Co-operative Agreement with the Singapore
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    • 394 9  -  OBITUARY By Godfrey Robert HE TRIED to save a colleague. And in the process lost his life. That explains what a friend indeed Aminuddin Kassim had been. The police officer-turned-diver was found drowned with colleague Salleh Kudin while doing maintenance work
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    • 500 9  -  SBBF sets four-gold target for Jakarta Sea Games BODYBUILDING By Hakikal Rai THE Singapore National Olympic Council (SNOC) has reinstated bodybuilding and the sport is looking to pocket at least four of the eight gold medals at October’s Southeast Asia Games in Jakarta.
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  • MALAYSIA
    • 432 10 Unkept promises caused defeat: Survey NST. Bemama. TELUK INTAN (Perak) The Democratic Action Party has staged an upset by taking the Teluk Intan parliamentary seat from the National Front (NF) with a 2.916-vote majority. The DAP's by-election victory last Saturday
      NST.; Bemama.  -  432 words
    • 65 10 Malaysia’s first quintuplets (above) celebrated their first anniversary on Tuesday at the University Hosoitai in Kuala Lumpur With them are proud parents Nur Adlan, a company manager, and his wife, Siti Zainab. who plan to write a book about raising the three boys and two
      NST picture.  -  65 words
    • 268 10 KUALA LUMPUR Petaling Java Utara MP Vincent Lim is one of the latest victims of what is believed to be a syndicate behind the cloning of the electronic serial numbers (ESN) of cellular telephones. The Star said that Mr
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    • 688 10 Last Tuesday, the Syariah Court dismissed an application by billionaire Tan Sri Halim Saad to validate his divorce from his wife of 18 years. Court documents reveal allegations of black magic, adultery and intimidation. BRENDAN PEREIRA reports from Kuala Lumpur. BOTH Tan
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  • SOUTH-EAST ASIA
    • 431 11  -  World tourism leaders to strengthen co-ordination and monitoring systems By Luz Baguioro in Manila WORLD tourism leaders on Thursday pledged to strengthen international co-ordination and monitoring systems to curb the sexual exploitation of children by tourists. In the “Manila Declaration on the Social Impact of
      Reuter picture.  -  431 words
    • 503 11  -  By Chua Lee Hoong in Hanoi SINGAPORE and Vietnam took different paths to independence but their basic aims were similar to look after their people’s welfare and to assert their integrity as independent nations. Making this point on Monday on
      503 words
    • 262 11 AFP, Reuter. BANGKOK A Thai national re patriated from Mvanmar over last weekend would be extradited to the United States to face drug trafficking charges, a Thai cnmi nal court official said on Monday. Pongsak Rojanassakul, also known as Li
      AFP,; Reuter.  -  262 words
    • 195 11 Horror stories of maid abuse and murder MANILA The children of two senators in the Philippines are in the news over charges of maid abuse and murder. In the first case, former actress Princess Revilla-O- campo was accused recently of physical abuse and maltreatment by her two
      rently on trial. Philippine Daily Inquirer pictures.  -  195 words

  • COMMENT/Pick of the week's editorials
    • 680 12 MAY 23 1997 WITH depressing regularity, and deepening embarrassment to Asean. the Myanmar military authorities have again begun arresting opposition National League for Democracy (NLD) members for presumed attempts to disturb tne nation's "peace, tranquility and stability". These round-ups nave become an annual May
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    • 691 12 MAY 21 1997 THAILAND beat back an offshore assault on its currency, the baht, last week. That exercise, synchronised with the central banks of its Asean allies, has given the country' more time to reexamine its fiscal management and sluggish export performance. It should use the
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    • 696 12 MAY 20 1997 CONTROL without collapse may not oe an easv order for a housing market that is so buoyant that it has been compared with the California gold rush. It is also highly sensitive, so that drastic measures in respect of the first purchase
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    • 807 12  -  By Sia Cheong Yew NOW that medical clinics, hospitals and laboratories have been allowed to advertise in newspapers and on the Internet, what does it mean for the consumer* For those who cannot tell the difference between a vasectomy and a mastectomv.
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  • COMMENT/ANALYSIS
    • 1136 13  -  By Chua Lee Hoong LIFE went on much as usual for the ordinary folk on both sides of' the Causeway last Saturday. But at the government level, there were two important developments. In Singapore, tne muchawaited national education programme was launched
      LUDWIGIIIO  -  1,136 words
    • 1031 13  -  By Tan Sai Siong WHEN we were very voung. life was so mucn simpler. Right and wrong was in black and w’hite. Truths were truths and lies were lies. No such thing as half-truths or white lies. The parameters of loyalty were welldefined.
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  • INSIGHT A LOOK AT THE ISSUES OF THE DAY BY THE STRAITS TIMES POLITICAL DESK
    • 1837 14 The whole ballgame will change once EC land is tendered out. Then, the market value of EC land can be ascertained and questions of subsidy put to rest once and for all. Prices are also expected to rise, a situation which will create its own
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    • 1010 15 If the new university fee structure was designed to encourage a swing to science and engineering, where will this leave the arts and humanities? Jason Leow poses this question to Associate Professor Koh Tai Ann, dean of the School of
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    • 1402 15  -  Thinking Aloud Warren Fernandez YOU must have heard the old joke about how Singapore men do not propose marriage to the women they love. Instead, they offer to apply jointly for a new Housing Board flat. But when four in 10
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  • MONEY
    • 474 16 Weekly share market review AFTER seeing off several potential market-shaking events over the past week, the Singapore bourse should be due for an upturn. analysts said. "On the balance of probabilities, the worst for 1997 is over,” Phillip Securities said in a
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    • 72 16 ST Industrials Index The Straits Times Industrials Index dropped 5.14 points on the week to 2055.36. DAY CLOSF. TURNOVER Monday 2050.94 9.56) 101.637 ($240.699m) Tuesday 2053.99 3.05) 103.514 ($290.728m) Wednesday Thursday 2061.71 7.72) 159.131 ($390.330m) Friday 2055.36 6.35) 177.694 ($362.526m) BT— MGA Index The BT—MGA Index dropped
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    • 1251 16 Company Data ann Nat earn TV LY ($m) <$m> EPS TY LY lets) lets) Avimo May IS 1 4.501 3.207 4.31 3.07 Amtek Eng Mar 21 1 11.887 ***** 8.27 833 ANA H0t«IS May 15 F 3.859 3.794 8.05 7.91 Apollo Mar 17 P 4.232 5.252 2.7 3.4
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    • 138 16 Company Place Date Time OE Lift Assurance A 65 Cnulia Street #18-01 OCBC Centre (*****3) May 22 il.30am Hleonq Finance A 9 Raffles Place #61-00 Republic Plaza (*****9) May 23 11.20am UOL E UOB Penthouse 61st Storey UOB Plaza 1 80 Raffles Place (*****4) May 27 3.50pm Osprey
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    • 200 16 RIGHTS ISSUE Company Ratio Ex- Books Acc data dot* Paymt OUB OUB foreign ona-for-fiv* «PS4.00 one-for-flv* <P$6.91 JunS Jun 11 NYA JunS Jun 11 NYA BONUS ISSUE Company Ratio £x- Books dot# dost M A Allianco Freight L Teledata OCBC Ona-for-tan Ona-for-four Ona-for-on* Ona-for-flv* May 19 May 23
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    • 132 16 Company Rlqhts Issue Aise Three-for-five <# RM5.50 Amcol One-for-two <# $2.05 E Resources One-for-two ($> $1.30 M Leong Cr»d One-for-ten MS6.90 IPC Coprn One-for-tive $0.30 Mill One-lor-two M$1.30 Mulpha One-for-tour M$1.60 Nippercraft One-for-tour 9> $0.28 PMI Three-tor-two M$1.00 Pub Bk F One-lor-tive S> M53.30 Osprey M One-for-one (#$1.45
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    • 1179 16 Payment Ex date Books cloie Bey date Aitech Sys 5C b 4TE Jun 13 Jun 19 Jul 3 8AT 2K F 119 Apr 10 Apr 16 Apr 28 Bandar Raya 0*» F 2 Jun 24 Jun 30 Jul 22 Boustead SOC 1 10 May 7 May 13 Jun
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    • 370 17  -  By Ravi Velloor THE SINGAPORE dollar will make its debut on the New York Cotton Exchange (NYCE) next month in a landmark development that could irk the Monetary Authority of Singapore (MAS). Three other Asean currencies the Malaysian ringgit. the Indonesian rupiah
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    • 778 17  -  By Patrick Tan TROUBLED Amcol Holdings has reported a 5340 million net loss after extraordinary items for the nine months ended September last year including a $6B million write-off on its controversial Mauritius venture and its Chinese power project The bulk of the loss was
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    • 231 17 THE Government of Singapore Investment Corporation (GIC) has made another major property purchase, buying a 24-storey office tower in the American state of Arizona for US$73 million (Sslos million). The landmark Viad Tower is the group’s second acquisition in downtown Phoenix and comes
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    • 145 17 COUNTER RATES Singapore dollars to one unit of foreign currency Buying 00 Selling US dollar 1.4212 1.4394 Sterling pound Australian dollar 2.2912 1.0762 2.3491 1.1109 Canadian dollar 1.0248 1.0488 NZ dollar 0.9678 1.0016 EC unit 1.6666 Singapore dollars to 100 units of foreign currency Austrian schilling 11.7259 12.2608 Belgian
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    • 124 17 Contract date: May 23 1997 UNIT ONE MTH 3 MTH 6 MTH 9 MTH 12 MTH CALL VALUE DATE uss 57* 5V,. 5s 5s 57« 4s 28/5/97 AS 4*. 4S 4'« 4 Vis 4 s 27/5/97 NZS 6 1 §7« 6’/l6 67« 6 y.« 5H 27/5/97 STG
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    • 434 17 May *****7 HK$ ASM Pacific 4 97 unch Allied Ind Ml 3 88 *020 Allied Ovorsea 0 83 unch As<a Sec Ini 4 OS *0 30 ?8 25 0 65 C P Pokphand 2 45 020 CDL Hotel 3 30 Cate De Coral 208 -007 Cara Pac Ai11 75
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    • 798 17 Abtrust Fund Mgrs Abt»usr SporeGrtd 1 003-1055” American Inti Atsur AlAUniUinkedfund 1 038-! 093» AXAllfa tortresstund l 000* Citicorp Invt Bank Oh Global Bond td 1 047-1 057 CittAs'am a$truc u'f to 1 09-1 14" Citi Japan t o 1.01-1.01" Cradit Lyonnais Inti Atari Mgt CL Asiafar Gr
      798 words
    • 9363 18 INDUSTRIAL AND COMMERCIAL Transaction Date: May 23 1997 1997 Curr Last Vol Day Grs Net M Cap Wt Avg High LOW Company Traded Sale ♦or000 High Low Div PE Smil Price ASE NTS10 200 US 685 385 ASF US$0 01 100 US 685 88 5 200 155
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    • 654 20  -  Both the TDB and economists cautioned that April’s improvement was insufficient proof that a recovery in global electronics demand had begun... TDB director of trade policy Chan Kam Fai said there were still mixed signals about a recovery. He said growing orders for electronic
      RAYMOND LEE; SOURCE TOB  -  654 words
    • 445 20  -  By Jean Chia SINGAPORE Airlines’ (SIA) §roup net profit was virtually at at $1.03 billion for the year ended March 31. but the results could have been worse if not for aircraft sales. SlA’s full-year net profit crept iust 0.6 per
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    • 468 20  -  By Chan Wee Chuan CAM International Holdings chairman Raymond Chew Chuan Seng’s response to queries and fraud allegations raised by its auditor Ernst Young has been dismissed as unsatisfactory by the Stock Exchange of Singapore (SES). The exchange said last Friday that CAM would
      468 words
    • 258 20 THE rollover balance on credit card spending increased 4.2 per cent year-on-year in the first quarter of this year, the lowest quarterly growth since the Monetary Authority of Singapore (MAS) announced guidelines last February to limit credit available to cardholders. Such credit
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  • Page 21 Advertisements
    • 886 21 111 SsSSx i liM,! *^L fiUk. m m i m ■:>• mmi: m Hill NvXv::* :-y-y--r Nat Steel Nat Steel is one of Singapore's most dynamic industrial groups with diversified businesses in steel, industrial activities including construction products, chemicals and engineering, electronics as well as a properties and investments unit.
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  • Page 22 Advertisements
    • 910 22 V' Trade Connection The Singapore Trade Development Board was established with the mission to develop Singapore into a premier international trading hub. With an extensive network of overseas offices, TDB initiates and implements trade development policies and schemes. It also promotes trade by helping Singapore-based companies reach the global market.
      910 words

  • FORUM
    • 666 23 The introduction of the $5,000 deposit is actually unnecessary and will, in fact, cause undue hardship to these young couples. Despite the many applications from people who abuse the fiance-fiancee scheme, there are many who are sincere in wanting to build a home
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    • 210 23 HISTORY is written by the victors and I. like others of my generation, was taught the British Imperi al story, which emphasised the heroism of brig ands like Drake, Clive and Warren Hastings. The problem with national education is who is to recount the
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    • 574 23 What we need is not only National Education as a passing subject at primary and secondary school levels, but also for schools to integrate it with career guidance. Companies should be encouraged or roped in to promote similar values to their employees. National
      574 words
    • 143 23 LITTLE is known of the fate of existing applicants who have registered under the joint applicant scheme. The scheme gives priority to those who apply for new flats together with their parents. I am a first-timer while my parents are upgraders. and
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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
      123 words

  • 682 24  -  Separate queues, building more flats for first-timers By Ravi Veloo THE Government announced a slew of new measures on Sunday aimed at cutting the waiting time for first-time applicants for Housing Board flats to about three years. They include setting up separate queues
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  • 570 24  -  By David Miller FIREBALLS shot 80 metres into the air on Thursday as 200-litre drums of chemicals exploded in a fire in a Tuas factory in the morning. Thick smoke from the fire, which left two factory workers injured with bums, was visible
    Picture by WONG KWAI CHOW.  -  570 words