The Straits Times : Weekly Overseas Edition, 2 August 1997

Total Pages: 24
1 24 The Straits Times : Weekly Overseas Edition
  • 20 1 The Straits Times WEEKLY EDITION SATURDAY, AUGUST 2, 1997 Price: 551.20 (in Singapore) Elsewhere by subscription only MITA (P) 156/08/96
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  • 758 1  -  7,000 shortfall annually from year 2000 By Chua Mui Hoong SINGAPORE faces a shortfall of about 7,000 graduates a year from the year 2000 and has to take pro-active steps to make up the numbers, Deputy Prime Minister Tony Tan told Parliament on
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  • 170 1 PARLIAMENT on Thursday approved the Government’s overall Budget tor the year, after more than 40 nours ot debate. It approved the Budget of $533.56 billion for the Main Estimates ana $26.99 billion of the Development Estimates. The nine-day debate had seen MPs scrutinising the Budget allocations for
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  • 236 1 A NOVEL means of transport is hitting the roads in Singapore. The two-wheeled microscooter a motorised skateboard can be seen competing with cars and buses. The Land Transport Authority said it is not legal to use these vehicles on the road. Dealers,
    Picture by AZIZ HI SSIN.  -  236 words
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  • NEWS FOCUS
    • 690 2  -  They will have to spend six hours a year from ’9B By Raoul Le Blond ALL secondary students will, from next year, have to spend at least six'hours annually with the old and handicapped tutoring their weaker schoolmates or helping to keep their
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    • 566 2  -  Removal of lumps Simple biopsy Chemical peels More than just a GP By Lea Wee THE cough-and-cold-onlv family doctor is fading away in Singapore. The emerging figure in neighbourhood clinics is the “minor” surgeon who can remove lumps and bumps and even do a
      Picture by SIM CHI YIN.  -  566 words
    • 550 2  -  By Felix Soh RELATIONS between Singapore and the United States are on solid footing, with the two countries enjoying close ties strategically and politically. US Secretary of State Madeleine Albright said this on Tuesday night when asked to assess the state ofbilateral ties between
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    • 673 3  -  A shame if they feel left behind, says SM Lee By Walter Fernandez COMMUNITY leaders must make a special effort to ensure that older Singaporeans are not left behind as the country taps the benelits of the information age, Senior Minister Lee Kuan
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    • 321 3 IT IS the stuff of fairy tales. Cinderella goes to the ball. Or rather, a local schoolgirl writes a book and gets it published. But it has happened to Jemima Rajan, 14. Her book. The Real Singapore Cinderella, a collection of seven short
      Picture by TERENCE TAN.  -  321 words
    • 481 3  -  By Irene Ngoo FOR the third year running, Singapore is in the top 10 list of the world’s least corrupt nations. It is ranked ninth out of 52 countries in a global survey on corruption based on the perceptions of international
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    • 133 3 THREE foreigners were yesterday charged in a district court with committing robbery of $47,000 from a house in Florissa Park on Thursday while armed with a spanner and two screwdrivers. Two of them Hendra and Mohamad Nur, both 27 are Indonesians, while the other
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  • PARLIAMENT
    • 451 4 It will serve students and housing estate residents A NEW station on the EastWest Mass Rapid Transit (MRT) line will be built along Commonwealth Avenue Wes:, at Singapore Polytechnic, between the Buona Vista and dementi stations To be
      TIEN CHUNG PING  -  451 words
    • 302 4 Move to moderate sharp increases in COE prices THE Land Transport Authority (LTA) will now announce annual quotas of Certificates of Entitlement (COEs) two years in advance, instead of a year, in a move aimed at moderating sharp rises in COE prices.
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    • 388 4 ROAD PRICING SCHEME THE Road Pricing Scheme introduced recently caused 7.000 motorists to stop using the three expressways covered by it during the morning peak hours. This represented 16 per cent of the motorists who used to drive on the East Coast Parkway. Central Expressway
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    • 564 4 Weekend detention is also being considered YOUTHS who commit offences might be slapped with a court order to perform community service, or be sentenced to weekend detention in a rehabilitation centre, under a move to give the courts a wider range of
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    • 671 5 Rear-Adm Teo on how S’pore education system would have to change EDUCATION Minister Teo Chee Hean on Wednesday spelt out his vision of how Singapore’s education system would have to change because the world itself was changing rapidly. At the centre of his bold, new
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    • 357 5 THERE have been some “encouraging developments” in Singapore-Malaysia relations since June, Foreign Minister S. Jayakumar said in Parliament on Wednesday. “I believe that the waves appear to be subsiding and things are returning slowly to normal,” he said, referring to the ups and downs
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    • 472 5 Social, community disputes PEOPLE can go to mediation centres in Housing Board estates to resolve social and community disputes, instead of turning to the courts, under a plan by the Law Ministry. Law and Foreign Affairs Minister S. Jayakumar announced on Wednesday that
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    • 251 5 MORE levels of appeal need not mean justice was better served. Minister of State (Law and Home Affairs) Ho Peng Kee said on Wednesday that even though there was only one level of appeal for cases heard in magistrates’ courts, the question was whether
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    • 468 6 Encouraging students to take subjects they are interested in A NEW way of ranking will apply to secondary schools and junior colleges from now on. said Education Minister Teo Chee Hean in Parliament on Thursday. Currently, ranking is done using the
      Picture bv GEORGE GASCON.  -  468 words
    • 327 6 SINGAPORE needs the best brains and hearts in the education service, said Mr Lim Swee Say (Tanjong Pagar GRC) on Thursday, urging the Government to pay even more attention to teachers. In an impassioned speech, he argued that teaching was more than just a job “It
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    • 326 6 H 9 me News at your fingertips Thanks for your support, the calculators were given out! But, vou still stand a chance to win one ot our air tickets to USA, UK or Australia. Hurry! Subscribe now you could be the Lucky Winner! *«£33»? -4- ml r c "«I -v
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  • HOME
    • 478 7 Virtual College will offer courses worldwide by 2000 Singapore Polytechnic graduation PRODUCT design engineer Chua Yih Jiun, 27, is sitting in comfort at home but he is actually attending a course at the Singapore Polytechnic. He is one of 81 part-time students enrolled
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    • 417 7 OPPOSITION leader J. B Jeyaretnam asked university students on Tuesday to thmk about whether Singapore was prepared to meet the challenges and opportunities in the 21st century. The 71-year-old Non-Constituency MP argued that they have a responsibility to change, through peaceful means,
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    • 471 8  - You can soon bet on soccer legally Government says yes to football pools for matches in the S-League By Joe Dorai THE Government has approved the introduction of legalised betting in S-League football matches. Mr Mah Bow Tan. the Minister for Communications, announced last Friday that the Government had accepted
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    • 199 8 THE barber may be 86, but it was his firm hand that shaved the face of 77-year-old Mr Tay Hay Yam, who had had a hair-cut earlier. Despite his age, Mr Leong Sheow Lau is the resident barber for some of the 105
      Picture by ALI YUSOFF.  -  199 words
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    • 152 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
    • 1115 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 Market
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  • SPORTS
    • 682 9  -  ATHLETICS By Hakikat Rai SINGAPORE’S fastest sprinter Muhamad Hosni Muhamad has been nominated for October’s South-east Asia Games —just eight days after he said he was quitting athletics. The 25-year-old, who holds the national 100-metre record with his 10.2 sec run in 1994,
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    • 398 9 BOWLING JACK WONG slumped to bottom position in the second round of the Masters competition in the Genting International bowling championships last Saturday. After winning the All-events gold medal last Friday, the 44-year-old qualified for the second round in 11th position with a 2,079-pinfall total.
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    • 315 9  -  By Shirlynn Ho-Pereira MORE than 400 Singapore athletes have been nominated for October’s South-east Asia Games. By 5 pm on Thursday, the Singapore National Olympic Council had received recommendations from 29 national sports associations of the 32 expected to respond. Nominations from the Fencing
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    • 149 9 MA in Asia Pacific Studies... The Strategic Advantage taught in Singapore, made available to the region via internet... University of Leeds It's all about having helicopter vision. ■■MM Whether you're venturing into the region or merely exploring, it pays to know. The widely-researched and well-received Master of Arts in Asia
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  • MALAYSIA
    • 470 10  -  Only Kedah wants to see proposal before deciding, says Mahathir By Ho Wah Foon in Kuala Lumpur MALAYSIA’S rulers, except for Kedah, had agreed to the standardisation of Syariah laws in all the states. Prime Minister Datuk Seri Dr Mahathir Mohamad
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    • 425 10 Bruises and bum marks found on buttocks and head IPOH Perak police detained a woman after her eight vear-old son's teachers found bruises and bum marks on his buttocks and head. The Star reported on Wednesday that the woman was warned by the school authorities last
      The Star picture.  -  425 words
    • 251 10 PORT DICKSON Syndicates smuggling illegal immigrants into the country are resorting to bringing them in small groups ana moving them directly to construction sites. The Star on Tuesday quoted the commanding officer of the 16th Malay Regiment, Brigadier-General Nik Mohamed Zaaba Daud, as
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    • 428 10  -  By Ho Wah Foon in Kuala Lumpur PRIME Minister Datuk Seri Dr Mahathir Mohamad has said the world should regard renowed financier George Soros as a criminal, as his alleged heaw currency speculation could destroy poor nations' economies and cause hardship. He likened
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  • SOUTH-EAST ASIA
    • 409 11 BANGKOK Dozens of Thai girls and women have been rescued from the biggest brothel ever raided in Malaysia, according to a Thai parliamentarian. The four-hour raid, in which 39 Thais were rescued, was carried out by Kuala Lumpur
      Bangkok Post picture.  -  409 words
    • 602 11  -  By Edward Tang Thailand Correspondent RANONG (Thailand) There were poignant scenes at the Ranong Airport tarmac last Friday and Singapore officials were full of praise for their Thai counterparts, who had worked tirelessly in the search for the Leaijet trainer which disappeared
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    • 497 11  -  Reports by Reports by Nirmal Ghosh Philippines Correspondent MANILA A visibly tense and angry presidential aspirant, Senator Gloria Arrovo. on Thursday denounced what she said was a conspiracy by a "clique in the military* to destroy her and her fledgling party bv
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    • 411 11  -  By Lee Kim Chew in Kuala Lumpur US SECRETARY of State Madeleine Albright on Monday said she shared Asean s goal of integrating all 10 South-east Asian countries as it was an important player in maintaining the region's peace and prosperity. America wanted Asean
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  • COMMENT / Pick of the week’s editorials
    • 662 12 AUGUSTI,I997 HONGKONG’S Court of Appeal uas unanimously upheld tne legality of the Provisional Legislative Council declaring tnat it has no jurisdiction over a body created bv the territory's sovereign. the People's Republic of China and endorsed by its parliament. the National People's Congress (NPC>. The court
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    • 658 12 JULY 31. 1997 WHAT Parliament and the police have been doing of late to combat young crime is no less than what must be done to fight a creeping social problem. A fortnight ago. under-16s were banned irom tea dances and discos. L seemed
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    • 666 12 JUL V 30 1 997 THE revamped road tax structure which Communications Minister Mah Bow Tan announced in Parliament on Mondav is based on sound principles. The idea that motorists should pay for the road space they use is not new. but what the new
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    • 784 12  -  Bv Sia Cheonq Yew VERSACE versus The Plen. If a poll were to be conducted even before the famous Italian designer s murder to gauge who is better known among oruinarv Singaporeans. I have no doubt that it would De a case
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  • COMMENT/ANALYSIS
    • 1146 13  -  My View CHUA HUCK CHENG' GETTING agitated again over the Indians and Bangladeshis in Serangoon Hoad? Not too far away, at the Golden Mile complex, you run smack into throngs of Thais. Filipino maids? They moved their staging post several times in
      LUDWIG mo  -  1,146 words
    • 843 13  -  By Koh Buck Song MUCH has already been said about the Prime Minister's recent call to Singaporeans to put on their thinking caps. Of all the words Mr Goh Chok Tong has ever uttered, the following remark has justly become probably the
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  • INSIGHT A LOOK AT THE ISSUES OF THE DAY BY THE STRAITS TIMES POLITICAL DESK
    • 3260 14 State of restructured hospitals It has been 12 years since government hospitals were restructured to make them more resDonsive to the public. What have been the improvements? Why are they still dogged by a continuing shortage of doctors and nurses? Indrani
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  • MONEY
    • 4 16
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    • 311 16 BLUE-CHIPS in Singapore are still feeling the blues. Though valuations are at reasonable levels, investors say there is little to lift the overall market despite the forthcoming interim corporate reporting season. And the letter by major real estate developers to the government did
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    • 1331 16 Company Daft arm Nat tarn TY LY ($m> <$m) EPS TY LY (cti) (eta) AMD8* Jun 24 P ***** 33.484 7.8 5.7 AS Auto Jun 16 P 11.648 7.488 12.0 9.0 Acor Mar 12 F 32.481 31.029 19.6 22.8 Acma Mar 19 P 40.588 52.778 24.5 31.9 Ala»
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    • 116 16 Company Place Date Time Powermatic A 135 Joo Song Rood PM industrial Bldg Bin Floor Boardroom Jut 29 11.00am Lung Km Mot*! A S Marina Mandarin Hotel Level 6 Pegasus Room 6 Rattles Boulevard Manna Sq (*****4) Jut 30 ll.OOam Metro Miogs A 391A Orchard Rd »26-0! Ngee
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    • 216 16 BONUS ISSUE Company b Ratio data Books dese Courts Orchard P One-for-two Aug 6 Two-for-flve Jul 3 Aug 12 Jul 9 OTHCBS Company ClRatio data Books dose ACC 6 Paymt DCS HldflS Rastrlctad oft or for Jun 17 sola of up to 90.S79.000 ordinary tharas of M$l aach
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    • 824 16 Poymont <H> Ex doto Books closo Roy doto aim Hldgj SOC b Sop 18 Sop 24 Oct 8 AS Auto b 15TE Sop 9 Sop 15 Sop 29 ASOon I’d »OTE Aug 5 Aug 15 Aug 25 All* Poc Ld b 1*1TE Sop 24 Sop 30 Oct 29
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    • 167 16 Company Rights Itaua AISB Three-for-five MSS.SO Amcol One-for-two $2.05 I PC Corpn Ono-for-flve $0.30 lnno-P*c Three-for-one $0.30 Mill One-for-two MS1.30 Nippercraft One-for-four $0.28 PMI Thrae-for-two M$1.00 Pub BH f Ona-lor-flva 9 M$3.30 TIBS One-for-one $0.80 Company Banua Issue Kemayan Corp One-for-threa H Royal Two-for-three Kian Ho One-for-flve Malayawata
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    • 78 16 ST Industrials Index The Straits Times Industrials Index dropped 25.71 points on the week to 1955.25. DAY CLOSE TURNOVER Monday 1975.01 (—5.95) 133.335 ($418.988m) Tuesday 1977.10 2.09) 97.166 ($310.305m) Wednesday 1966.41 (-10.69) 91.739 ($280.879m) Thursday 1967.14 0.73) 113.758 ($328.866m) Friday 1955.25 (-11.89) 76.604 ($236.202m) BT— MGA Index
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    • 540 17  -  Facility has drawn 12 investors so far By Colin Tan JURONG Town Corporation has, through its wholly owned subsidiary JTC International (JTCI), made its first direct investment in the Philippines a US$l5O million (SS22I million) industrial park which it will develop jointly with Filipino
      sooner /ret; TIEN CHUNG PING  -  540 words
    • 226 17 OIL RIG builder Keppel Fels has won a contract worth over US$lBO million (*****.4 million) from Aberdeen, Scot-land-based Stena Drilling. Disclosing this last Friday, Keppel Fels said it will sell an offshore accommodation platform, the Safe Gothia, to Stena Drilling, and convert it into an
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    • 146 17 COUNTER RATES Singapore dollars to one unit of foreign currency Buying OD Selling US dollar Sterling pound Australian dollar Canadian dollar NZ dollar 1 4591 1.0748 1.0511 0.9286 1 4776 2.4338 1.1103 1.0765 0.9618 1.5879 Singapore dollars to 100 units of foreign currency Austrian schilling *****7 Belgian franc *****
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    • 114 17 Contract date: Aug 1, 1997 UNIT ONE MTH 3 MTH 6 MTH 9 MTH 12 MTH CALL VALUE DATE uss 5 5Vn 5 V,* 5Vn s 4', 05/8/97 AS 4’. 4V„ 7y„ 4/ fc 4V; f 3 06/8/97 NZS 7"/,. 7 V,* 7 7 7 05/8/97 STG
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    • 129 17 LISTED service engineering and infrastructure development group Van der Horst (VDH) has taken a 25 per cent stake in a consortium bidding for a US$l5O million (*****.7 million) power generation plant in Batam The consortium comprises five other companies, including Indonesian-controlled Brighton Ltd,
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    • 482 17 Aug 1. 1997 HK$ ASM Pacific 720 0 10 Allied ind Inf 1 3 35 Allied Oversea 1 43 0 19 Asia Sec Ini 5 60 *0 50 Bank ol EA 32 10 •0 10 C P Pokphanu 2 25 •0 02 COL Hotel 3 50 ■0 15 Ca1e
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    • 546 17 ■^Mgrs^nces^Jc^ Abardaan Aitfl Mgt Ana Ltd Aberdeen Spore G t fund 0990-1 045" Amar*canlnt1 Assur AlA 'Jnit L mked f und (So***) 1 108—1 167« AlA UM L mked F und (Brunei) 0 950-1 000» MALif» Fortress Fund 1 000. CHIcerp Invt Bank Oh Globa'Bond Fd 1091-1 102"
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    • 8731 18 INDUSTRIAL AND COMMERCIAL 1 ransaction Date: Au 9 1 1997 1997 Curr Last Vol Day Grs Net M Cap Wt Avg High Low Company Traded Sale +or* 000 High Low Div PE $mil Price 157 111 e ACE Dvnamics60c ASE NTS 10 200 US 113 •2 201
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    • 706 20  -  Amount comes to a quarter of total exports By Narendra Aggarwal SINGAPORE’S exports of services is set to hit the $5O billion mark this year, having grown by nearly 10 per cent annually in the *****. It amounted to $47.4
      SOURCE: TRADE DEVELOPMENT BOARD; "TEN CHUNG PING  -  706 words
    • 179 20 THE SES Investment Fair '97 that ended on Sunday at Suntec City drew a record 45,000 visitors, perhaps signalling a resurgence of the excitement seen in the 1993 and 1994 fairs. The focus of this year’s fair was on companies which have regional exposure. A
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    • 467 20  -  By Tammy Tan SINGAPORE Technologies Telemedia is eyeing its second, and possibly even a third, telecommunications satellite project which will be “similar in size” to its US$64O million (*****.6 million) Asia-Pacific Mobile Telecommunications project in 1995. An announcement on the proposed projects
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    • 399 20  -  By Narendra Aggarwal SINGAPORE’S moves to sup port the Thai baht when it first came under speculative attack in mid-May do not seem to have cost the country yet as the latest data show official foreign reserves are still rising. The Republic’s reserves
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  • Page 21 Advertisements
    • 781 21 Em The* Straits Times Weekly Edition m mmm. H m. njv HI H DBS FINANCE A SUBSIDIARY OF DBS BANK We are a leading finance company offering the full range of financial products including deposits, housing loans, car, equipment, share and ship financing and industrial/commercial property loans. We invite you
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  • Page 22 Advertisements
    • 970 22 MONETARY AUTHORITY OF SINGAPORE We have several vacancies in our Information Services Department and welcome applications for the post of: Contract Programmer Analysts Responsibilities: Successful applicants will be part of the project team involved in the development and maintenance of computer application systems. Pre-requisites: Good working knowledge of COBOL Familiarity
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  • FORUM
    • 859 23 We are also creating a society where teenagers are exposed from young to drinking and partying. There are more pubs and partying places over the past decade than ever before. THE editorial “Curing only the symptoms" (ST Weekly Edition, July 26) and the comments made
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    • 712 23 I REFER to Mr Victor Ng Beng Li’s letter “Policies restrict our lives (ST, July 25). His main point is that despite achieving economic success as a country', Singaporeans are still jaded. He attributes this to
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    • 373 23 Legalised soccer betting I REFER to Mr Godfrey Roberts’ comment “A legalised betting system is good for soccer promotion" (ST, July 26). I am convinced that such a system will provide the funds needed to “resurrect" local soccer. But I have two
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  • Page 23 Advertisements
    • 125 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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  • 738 24 MOTORISTS will pay less vehicle taxes and receive rebates to offset charges they have to pay electronic road pricing <ERP> from early next year. In a major exercise to revamp the road tax structure, whicn he promised would
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  • 592 24  -  By Karamjit Kaur CAUSEWAY toll charges are likely to go up when the Tuas link between Singapore and Johor opens on Jan 2 next year. But the change would be reasonable, Malaysia’s Minister of Works Datuk Samy Vellu said on Thursday,
    Picture by .ALBERT SIM.  -  592 words
  • 143 24 THE demand for new HDB flats has dropped after the Housing Board made changes to its mortgage financing and allocation policies earlier this year. Giving his first detailed assessment of the measures on Monday in Parliament. National Development Minister Lim Hng Kiang said the number
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