The Straits Times : Weekly Overseas Edition, 9 August 1997
1997-08-09
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The Straits Times : Weekly Overseas Edition
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NEWS FOCUS
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536 1997-08-09 2 Allison Lim - By Allison Lim NURSES in government service look set to get a pay rise within a matter of months. Health Minister Yeo Cheow Tong said that their salaries are being reviewed, and pay recommendations should be made by year’s end. This revision should536 words
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284 1997-08-09 2 AN increasing number of foreign students have been caught working illegally as waiters, shop assistants and lounge hostesses here. They came here on the pretext of studying language, business or computer courses but ended up working in karaoke lounges, night clubs and food courts.284 words
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Article, Illustration599 1997-08-09 2 Wong Chee Meng - No single formula for success for the four President’s Scholars By Wong Chee Meng THERE is no single formula to turning out a President’s Scholar, it seems. Of the four this year, one is the son of a university professor; another is the sonPicture by AZIZ HUSSIN. - 599 words
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Article507 1997-08-09 3 Leong Ching Ching - Opposition wards covered by two smallest ones By Leong Ching Ching HOME Affairs Minister Wong Kan Seng announced the full list of Community Development Councils (CDCs) last Saturday, revealing that nine CDCs will cover the whole island, with two of the smallest CDCs covering the two507 words
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244 1997-08-09 3 PRIME Minister Goh Chok Tong has persuaded Monetary Authority of Singapore deputy managing director Koh Beng Seng to shelve his resignation. A statement from the Pnme Minister’s Office yesterday said Mr Koh would help in a Government review of policies and measures244 words
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492 1997-08-09 3 Elena Chong - He is found guilty of trafficking, taking drugs By Elena Chong A 16-YEAR-OLD boy was sentenced to a total of 15 years’ jail and 24 strokes of the cane on Monday for drug trafficking and consumption. Alan Loo Pei Xiang and492 words
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Article, Illustration335 1997-08-09 3 A MATHEMATICIAN, an entrepreneur, a social activist, a statutory board and an arts group received the Excellence for Singapore award on Thursday for being the best in their fields. The award was launched last year by the Singapore Totalisator Board (STB)Picture by SAMUEL CHUA. - 335 words
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HOME
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724 1997-08-09 4 JTC unveils new measures to make it last extra 30 years THE Jurong Town Corporation has unveiled a fresh initiative to make more productive use of industrial land. Its Industrial Land Plan for the 21st Century or IP21 is intended to stretch out724 words
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Article, Illustration902 1997-08-09 4 Susan Sim - By Susan Sim Indonesia Correspondent JAKARTA Singapore’s most famous calligrapher and the editor-in-chief of Singa pore Press Holdings’ English/Malav Newspapers Division were among 16 individuals honoured on Thursday night by Asean as the expanded grouping emphasised the importance of continued solidarity on the eve ofReuter picture. - 902 words
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389 1997-08-09 4 Tan Ooi Boon - By Tan Ooi Boon I PROFESSOR Tan Lee Meng. I former dean of the National University of Singapore's Law Faculty. was sworn in as a Judge of j the Supreme Court last Friday. His appointment came six months after he first joined the389 words
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442 1997-08-09 5 Pang Gek Choo - By Pang Gek Choo YOUNGER and better-educated Singaporeans are now embracing Buddhism because Bud dhist groups here have been adapting to their needs, said Prime Minister Goh Chok Tong last Saturday. The religion had also attracted more followers by reviving its intellectual traditions and442 words
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Article, Illustration416 1997-08-09 5 Josephine Tan - Global initiative to attract foreign talent By Josephine Tan IT WAS only the first day, but the calls were already pouring in. Last Thursday, the three-mem-ber staff at the Sydney centre of Contact Singapore had to handle unceasing enquiries from both the public and416 words
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Article, Illustration431 1997-08-09 6 Neville Stack - By Neville Stack in London NICK LEESON. the former Singapore-based Barings trader who brought down Britain's oldest merchant bank, is expecting divorce papers to be served on him in Changi Prison, according to reports. The Sunday Times of London quoted a “former431 words
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Article, Illustration626 1997-08-09 6 GinnieTeo - Almost all indoor space will be smoke-free from Aug 15 By GinnieTeo ALMOST every indoor space in Singapore other than private homes will become a no-smoking zone by law. when the smoking prohibition rules are extended on Aug 15. The aim is to protect the nonsmoker626 words
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Page 5 Advertisements
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Advertisement286 1997-08-09 5 me News at your fingertips Thanks for your support, the calculators were given out! But, you still stand a chance to win one of our air tickets to USA, UK or Australia. Hurry Subscribe now, you could be the Lucky Winner! foV ttf I iSs&Emm K ..■> A subscription for286 words
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Page 6 Miscellaneous
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Miscellaneous1115 1997-08-09 6 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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417 1997-08-09 7 Santokh Singh - Manager Omar pleased with Games schedule SOCCER By Santokh Singh SINGAPORE received the schedule it wanted for the South-east Asia Games soccer competition which starts on Oct 6 five days before the Games proper. The Republic will open its campaign in Jakarta against417 words
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Article, Illustration430 1997-08-09 7 S. Murali - GOLF Emirates PGA Championship By S. Murali AN EMOTIONAL Mardan Mamat broke a three-year winless streak by clinching the $32,000 Emirates PGA Golf Champion ship at the Raffles Country Club last Friday. The 29-year-old carded a one-over-par 73 to win by three shotsPicture bv JERRY ‘'EH - 430 words
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Page 7 Advertisements
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Advertisement179 1997-08-09 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 ST179 words
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MALAYSIA
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473 1997-08-09 8 NST KUAI.uA LUMPUR Rapists, wifebeaters and drug addicts will be the priorities for state Islamic Religious Affairs departments, instead of what people wear. Prime Minister Datuk Sen Dr Mahathir Mohamad has told reporters. This was agreed upon whenNST - 473 words
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444 1997-08-09 8 Bill to be tabled after remarks by Mahathir ALOR STAR Those caught throwing rubbish will be made to sweep public places while wearing Tshirts with the words “I am a litterbug”. Housing and Local Government Minister Datuk Dr Ting Chew Peh has444 words
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188 1997-08-09 8 KUALA LUMPUR The Ma laysian government has given its approval for another pnvate TV station to operate in the country, bringing the number to four. Information Minister Datuk Mohamed Rahmat on Tuesday announced that the new Tv station would be based in Langkawi188 words
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Article, Illustration155 1997-08-09 8 Plan to ban teachers using mobile phones during lessons NST. PENANG The Education Ministry plans to prohibit teachers from using mobile phones and receiving visitors during lessons. Deputy Education Minister Datuk Dr Fong Chan Onn said the ministry felt that it would be unethical for a teacherNST.; NOU ROSAUS - 155 words
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485 1997-08-09 8 NST. KUALA LUMPUR The Jan 1 opening of the Kuala Lumpur International airport in Sepang for commercial operations has been delayed, according to Transport Minister Datuk Seri Dr Ling Liong Sik.NST. - 485 words
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SOUTH-EAST ASIA
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368 1997-08-09 9 Luz Baguioro - By Luz Baguioro in Manila PHILIPPINE drug barons, who previously depended on imports from China, Hongkong and Taiwan, now manufacture “ice” or shabu locally, the head of an anti-drug group said in a television interview. “The information we received is that drug368 words
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Article, Illustration515 1997-08-09 9 Susan Sim - Asean’s 30th anniversary celebrations By Susan Sim Indonesia Correspondent JAKARTA Asean kicked off its year-long 30th birthday celebrations last night with glowing reviews of its achievements, which gentle warnings of the challenges ahead failed to diminish. Reflecting the upbeat mood of the evening,Reuter picture. - 515 words
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428 1997-08-09 9 Edward Tang - Edward Tang Thailand Correspondent BANGKOK Thailand’s defence capability received a boost on Monday with the arrival of its new aircraft carrier, a move that will enable its navy to operate beyond its coasts and penetrate deeper into its sea lanes. The arrival in Phuket428 words
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Article, Illustration308 1997-08-09 9 AFP MANILA President Fidel Ramos has called for a reprogrammed version of the Japanese “virtual pet” toy Tamagotchi, banned in Philippine schools, to rechannel its ravenous appetite and instil the right values in children. “Whiz kids” should start "tinkering with the so-called Tamagotchi”,AFP; MIEL - 308 words
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COMMENT / Pick of the week’s editorials
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Article723 1997-08-09 10 AUGUST 7 1997 TALK about teaching, and cliches that date back to grandfather s schooldays still endure. Teachers are home by 3 pm and they get three months off a year vvnat luxury! Teachers* are paid poorly; mention of money is considered gauche to a noble723 words
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Article678 1997-08-09 10 AUGUST 5 1997 AS WITH many other professions. there are three ways to improve the level of commitment to nursing and the quality of service it provides. They are remuneration, image and training. The decision to give nurses in government service a pay rise addresses the678 words
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Article674 1997-08-09 10 AUGUST 1 1997 IT MIGHT surprise many to learn that Singapore will face a big shortfall of graduates in a short four years. The Government had. until recent years, resisted calls to start a third university or raise the intake sharply as it feared academic674 words
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Article, Illustration759 1997-08-09 10 Chua Lee Hoong - By Chua Lee Hoong TWO seemingly disparate pieces of news this past week: in the Philippines. President Fidel Ramos calls for a re-pro-grammed version of the Tamagotchi, the Japanese electron ic toy. to instil desired values in children: while in Singapore, Education‘Minister Teovia - 759 words
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COMMENT/ANALYSIS
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Article, Illustration1170 1997-08-09 11 ASAD LATIF - Sheridan's book deserves to be read for the light it sheds on the personalities who express the quintessence of the East Asian system. Leaders personify systems. Tigers deserve to be taken seriously. My View ASAD LATIF SINGAPORE’S achievements have made it a comfortable place,JIMBO ALBANO - 1,170 words
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Article, Illustration868 1997-08-09 11 Koh Buck Song - As long as there is some good to be gained from it, there should be some justification for legalising a vice’ By Koh Buck Song THE proposed introduction of football betting, which the Government has just approved, appears to have separated868 words
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CPF Newsline A CORPORATE NEWSLETTER OF THE CPF BOARD
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Article, Illustration484 1997-08-09 12 / 13 Chen Jingwen - MediShield: One family’s story By Chen Jingwen, Discovering that their 16-year-old son had cancer dealt the first blow to the Samris of Wtxxilands. The second blow came when Mr Samri Rosdi, 43, a pnxiuction foreman, realised that he and wife Salmah were too484 words
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Article289 1997-08-09 12 / 13 Jack Soh, CPF Board - CPF withdrawal Br Jack Soh, CPF Board The CPF was set up to help workers save for their old age. Once a CPF member reaches 55, he can apply to withdraw his CPF. If he chooses not to do so at 55, he can still289 words
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Article118 1997-08-09 12 / 13 The CPF Board advises its members to consider the newly-increased limit for the CPF Minimum Sum when using their CPF for investments or education. Since 1 July 1997, members must maintain a minimum sum of $50,000 in their Ordinary and Special Accounts before they can invest118 words
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Article307 1997-08-09 12 / 13 Judy Yeo, CWFBoa«d - By Judy Yeo, CWFBoa«d# The Medisave Topup Scheme was announced by Finance Minister Dr Richard Hu in his Budget speech on 11 July 1997. In this exercise, all Singapore citizens with a CPF account will receive a Medisave topup from the Government in October 1997. Those aged307 words
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Article349 1997-08-09 12 / 13 Members who turned 55 on or after 1 July this year are required to set aside a minimum sum of $50,000 in their Retirement Account. At least $12,000 must be in cash, while the remaining $38,000 can be pledged with a property. The minimum sum349 words
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CPF IN SHORT
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Article128 1997-08-09 12 / 13 The CPF Board has begun a major computer enhancement exercise to ensure a smooth transition of computer operations into the year 2000, which requires additional computer memory for dates, etc. In a move to minimise inconvenience to its 2.6 million members, the Boards computer staff will128 words
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Article29 1997-08-09 12 / 13 CPF Board interest rates from 1 July till 31 December 1997 are as follows: •Ordinary and Medisave Accounts 3.48% p.a. •Special and Retirement Accounts 4.73% p.a.29 words
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Article28 1997-08-09 12 / 13 The Tampines office will operate till 7 pm every Wednesday. This extension of service hours is on a pilot basis and began in April this year.28 words
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Page 12 / 13 Advertisements
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Advertisement13 1997-08-09 12 / 13 Internet: http://www.cpf.gov.sg/ EXCELLENCE I N PUBLIC SERVICE. ANOTHER PUBLIC COMMUNICATION EFFORT BY CPF13 words
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Advertisement46 1997-08-09 12 / 13 If you have suggestions on how we can further improve our services, please write, fax or e-mail to: The Manager Public Affairs Branch Central Provident Fund Board CPF Building 79 Robinson Road Singapore *****7 Fax:225-8732 E-mail: cpfboard® singnet.com.sg \DE\p a® £*GA?q2£ TOGETHER LOOKING AFTER OUR FUTURE46 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, Illustration1565 1997-08-09 14 Budget debate More than 300 questions were raised and answered in the nine-day Budget debate which ended last Thursday. What issues animated the chamber? Who made an impact? How did the three opposition members fare vis-a-vis the 23 new PAP MPs? Koh Buck SongLUDWIG ILIO - 1,565 words
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Article367 1997-08-09 14 POLICY announcement with the most impact: By Labour Minister Lee Boon Yang, on raising the retirement age from 60 to 62. The move also comes with major proposed revisions to personnel matters such as salary structures. Most inspiring speech by an MP: Mr David Lim (Aljunied367 words
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Article, Illustration1173 1997-08-09 15 Stopping fraudulent accident claims. Letting people borrow against their policies to tide over retrenchment. Devising a new scheme to help workers co-pay for their health care. These are among NTUC Income’s latest initiatives which sound more social than commercial. Leong1,173 words
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Article, Illustration1149 1997-08-09 15 Chua Lee Hoong - Thinking Aloud Chua Lee Hoong THE appeal bv the Real Estate Developers Association of Singapore (Redas) to the National Development Minister to rein in government land sales to prevent a property market collapse certainly raises many questions, if not eyebrows. Foremost in many1,149 words
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MONEY
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396 1997-08-09 16 Weekly share market review STRONG second-quarter economic growth of 7 8 per cent disclosed bv Prime Minister Goh Chok tong in his National Day Message on Friday night should help lift sentiment in the coming week, market watchers said. However, they added trading396 words
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Article86 1997-08-09 16 ST Industrials Index The Straits Times Industrials Index dropped 11.33 points on the week to 1943.92. DAY CLOSE TURNOVER Monday 1963.60 8 35) 94.896 ($283.391m) Tuesday 1951.71 (-11.89) 123.705 ($359 978m) Wednesday 1958.62 6.91) 111.437 ($316 298m) Thursday 1953.24 5 38) 118.202 ($520.875m) Friday 1943.92 9 32)86 words
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Article1364 1997-08-09 16 Company Date Not AArn TV LV ($m> (5m) EPS TV LV lets) (cts) AMDS* dun 24 P 45.798 33.484 7.8 5.7 AS Auto Jun 16 P 11.648 7488 12.0 9.0 Ac»f Mer 12 F 32.481 31.029 19.6 22.8 Acme Mai 19 P 40.588 52.778 24.5 31.9 AIax Hidgs1,364 words
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Article109 1997-08-09 16 Company Ploeo Doto Tlmo Koppol Corpn tno Conforoneo Room Koppol Corpn Ltd 325 Toiofc Blanqoh Rd (*****1) Aug 7 lO.lSom IDT Mldgj A Millomo 4, Lovol 2 Tno Rrtz-Cartton Millonio Singoporo 7 Rofflot Avonuo (*****9) Aug 8 10.00am Cosco IftV E 143 Cool St 811-01 GB Bldg (*****2)109 words
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Article230 1997-08-09 16 BONUS ISSUE EHBooks Company Ratio data close Courts One-for-two Aug 6 Aug 12 M Resources Ono-for-throo Aug 15 Aug 21 Orcnord P Two-for-flve Jul 3 Jul 9 OTHERS t« Books Acc 6 Company Rotlo daft close Poymt DCS Hl«gs Rostrictod offer tor Jun 17 Jun 23 NYA solo230 words
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Article170 1997-08-09 16 Company Right» Issuo AISB Throo-for-tivo MS5.50 Amcol One-for-two $2.05 IPC Corpn One-for-flve 9 $0.30 Inno-Pec Throo-for-ono $0.30 MUI One-for-two M$1.30 Nippercraft One-for-four <S> $0.28 PM! Three-for-two S’ M$!.00 PuP Bk F One-for-flve MS3.30 TIBS One-for-one 9 $0.80 Company Bonus Issuo Kemayan Corp One-for-three H Royal Two-for-three Kian Ho170 words
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Article750 1997-08-09 16 Payment <%) Ex data Books ClSSA Fay date Alt» Hidgt SOC b 6 Sop 18 Sap 24 Oct 8 AS Auto D 1ST! Sep 9 Sap 15 Sap 29 Atoon re 1 10TI Aug S Aug IS Aug 25 Asia Pec Ld b I»1TE Sep 24 Sap 30750 words
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406 1997-08-09 17 Douglas Wong - Analysts looking at similar profit growth for whole year CORPORATE RESULTS By Douglas Wong UNITED Overseas Bank (UOB) the first of the Big Four banks to announce interim results last Friday reported a 12 6 per cent increase in406 words
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598 1997-08-09 17 Tan Li Eng - Group raises dividend payout for first time since 1981 By Tan Li Eng DBS Bank on Wednesday reported a 13 per cent rise in group interim profit to $358.3 million, ana also raised its interim dividend for the first time598 words
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Article154 1997-08-09 17 COUNTER RATES Singapore dollars to one unit of foreign currency Buying OD Selling US dollar 1 4629 1.4815 Sterling pound Australian dollar 2.3048 2 3645 1.0656 1.0904 Canadian dollar 1.0464 1.0716 NZ dollar 0.9171 0.9500 EC unit 1.5653 Singapore dollars to 100 units of foreign currency Austrian schilling 10.9070154 words
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Article119 1997-08-09 17 Contract date: Aug 8, 1997 UNIT ONE MTH 3 MTH 6 MTH 9 MTH 12 MTH CALL VALUE DATE uss 5 5'/:t 5Vn 5’A 5‘. 4'/,* 12/8/97 AS 47,* 4V„ 4 V.* 4'. 3 ;J /n 12/8/97 NZS 7 7 7'. 7'. 7'» 7 12/8/ “97 SIU119 words
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164 1997-08-09 17 THE Hong Leong Group last Friday took over the running of the Boulevard Hotel, which it bought in April for $410 million. It will operate the 520-room hotel until it receives the authorities’ formal approval for its plans to redevelop the site. It164 words
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Article467 1997-08-09 17 Aug 8,1997 ASM Pacific AHi«d ind Inti HK* 7 70 335 0.450 Asia Sac Int 5 40 -0 10 Bank ot EA 31 20 0 30 C P.Pokphand 2 95 0 15 CDL Hotel 3 58 -0 02 Cafe Da Coral 2 17 -0 03 Cath Pac Air 1390467 words
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Article549 1997-08-09 17 Mgrs Prices, Aug 9 Aberdeen Asset Mft At Ltd Aberdeen S pore Gr Fund 1 027-1 080” American Inti Aisur AiA Unit l inked F und ($poff) 1 091-1149« AlA Unit L *nked F und (Brunei) 0 950-1 000« AXAL.t. fortress Fund 0 994Citicorp Invt Bank CmGiobaiBnndtd 1549 words
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Article8740 1997-08-09 18 INDUSTRIAL AND COMMERCIAL Transaction Date: Aug 8,1997 1997 Curr Last Vol Day Gr’t Net M Cap Wt Avg High Low Company Traded Sale +or000 High Low Diw P/E (mil Price 157 110 t ACE Dynamics60c ASE NTS10 200 US 112 1 108 112 110 •11.3 91 78,740 words
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Article, Illustration942 1997-08-09 20 Kalpana Rashiwala - URA figures disprove Redas claim that market is heading for collapse By Kalpana Rashiwala PRIVATE home prices dipped a mere 0.8 per cent in the second quarter but this was because most of the homes launched during the period were relatively highlyRAYMOND LEE - 942 words
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456 1997-08-09 20 Yeow Pei Lin - By Yeow Pei Lin MAINBOARD-LISTED Singapore Technologies Industrial Corporation (STIC), which announced plans recently to branch into the health-care business in the region, may be aspiring to become the next Raffles Medical Group here, sources said. They said STIC has456 words
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Article461 1997-08-09 20 Colin Tan - Record applications due to rush to beat deadline By Colin Tan APPLICATIONS for Housing Board resale flats hit a record 11,677 in the second quarter as prices continued to fall although by a mere l per cent. The official resale price index slipped from461 words
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Page 21 Advertisements
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Advertisement799 1997-08-09 21 The Straits limes Weekly Edition v, xvx-x m (7 AF LIMITED LEGAL OFFICER We are a dynamic and progressive public-listed company whose core business is in the food and food related industries. The Company has been on the path of expansion regionally, as a result of which, we invite motivated799 words
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Page 22 Advertisements
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Advertisement823 1997-08-09 22 CIC We invest in THE BEST. areer decisions should be made prudently because they determine your long-term future. When you join us, the Government of Singapore Investment Corporation Pte Ltd (GIC), you are making a prudent decision which gives you good long-term returns. We are the largest global fund management823 words
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FORUM
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Article, Illustration358 1997-08-09 23 Lawyers have also been trained as arbitrators and mediators. In their daily working lives, they are mediating constantly between parties in disputes. Only if there is no amicable settlement would they advise clients to litigate in court. I REFER to the article, “Plan for358 words
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290 1997-08-09 23 I wonder if the authorities, if any, are supposed to check the premises before the Temporary Occupation Permit is given, or do they just rely on the certification of the architect for the project? I READ with interest the report “Maplewoods residents complain of290 words
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311 1997-08-09 23 My comment was made in the context of community mediation, and its purpose was to emphasise the need to look beyond the legal profession in the search for appropriate mediators. I REFER to the Law Society president’s letter (see this page), where he refers311 words
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Article, Illustration278 1997-08-09 23 I AM writing to express my concern over a television advertisement promoting the product Simply Fabulous Fast Sweating Cream. If the makers are to be believed, applying this cream promotes perspiration, thereby enhancing the effectiveness of an exercise routine. The commercial claimsNOEL ROSALES - 278 words
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Page 23 Advertisements
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Advertisement123 1997-08-09 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, such123 words
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Article, Illustration518 1997-08-09 24 Karamjit Kaur - For motorists, the new link will mean a cut in travelling time and a direct route for city-bound traffic from Bras Basah Road, Guillemard Circus and Marina Centre. Opening of Esplanade Bridge By Karamjit Kaur THE good old days are coming back toPicture by WONG KWAI CHOW. - 518 words
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768 1997-08-09 24 Walter Fernandez - Move needed to keep pace with rapid technological change By Walter Fernandez THE decision by the Telecommunication Authority of Singapore (TAS) to license additional basic telephone operators from the year 2002 will benefit both the .‘business community and the public here, said Communications768 words