The Straits Times : Weekly Overseas Edition, 9 August 1997

Total Pages: 22
2 24 The Straits Times : Weekly Overseas Edition
  • NEWS FOCUS
    • 536 2  -  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 should
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    • 284 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.
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    • 599 2  -  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 son
      Picture by AZIZ HUSSIN.  -  599 words
    • 507 3  -  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 two
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    • 244 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 measures
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    • 492 3  -  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 and
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    • 335 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


  • HOME
    • 724 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 out
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    • 902 4  -  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 of
      Reuter picture.  -  902 words
    • 389 4  -  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 the
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    • 442 5  -  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 and
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    • 416 5  -  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 and
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    • 431 6  -  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 “former
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    • 626 6  -  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 nonsmoker
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  • Page 5 Advertisements
    • 286 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 for
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  • Page 6 Miscellaneous
    • 1115 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 Market
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  • SPORTS
    • 417 7  -  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 against
      417 words
    • 430 7  -  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 shots
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  • Page 7 Advertisements
    • 179 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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  • SOUTH-EAST ASIA
    • 368 9  -  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 drug
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    • 515 9  -  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
    • 428 9  -  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 Phuket
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    • 308 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

  • COMMENT / Pick of the week’s editorials
    • 723 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 noble
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    • 678 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 the
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    • 674 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 academic
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    • 759 10  -  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 Teo
      via  -  759 words

  • COMMENT/ANALYSIS
    • 1170 11  -  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
    • 868 11  -  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 separated
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  • CPF Newsline A CORPORATE NEWSLETTER OF THE CPF BOARD
    • 484 12 / 13  -  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 too
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    • 289 12 / 13  -  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 still
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    • 118 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 invest
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    • 307 12 / 13  -  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 aged
      307 words
    • 349 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 sum
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    • CPF IN SHORT
      • 128 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 will
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      • 29 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.
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      • 28 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.
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  • Page 12 / 13 Advertisements
    • 13 12 / 13 Internet: http://www.cpf.gov.sg/ EXCELLENCE I N PUBLIC SERVICE. ANOTHER PUBLIC COMMUNICATION EFFORT BY CPF
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    • 46 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 FUTURE
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  • INSIGHT A LOOK AT THE ISSUES OF THE DAY BY THE STRAITS TIMES POLITICAL DESK
    • 1565 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 Song
      LUDWIG ILIO  -  1,565 words
    • 367 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 (Aljunied
      367 words
    • 1173 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. Leong
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    • 1149 15  -  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 many
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  • MONEY
    • 396 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 trading
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    • 86 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 ($520.875m) Friday 1943.92 9 32)
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    • 1364 16 Company Date Not AArn TV LV ($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 Hidgs
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    • 109 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)
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    • 230 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 solo
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    • 170 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 Ho
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    • 750 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 30
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    • 406 17  -  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 in
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    • 598 17  -  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 time
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    • 154 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 10.9070
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    • 119 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 SIU
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    • 164 17 THE Hong Leong Group last Friday took over the running of the Boulevard Hotel, which it bought in April for $410 million. It will operate the 520-room hotel until it receives the authorities’ formal approval for its plans to redevelop the site. It
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    • 467 17 Aug 8,1997 ASM Pacific AHi«d ind Inti HK* 7 70 335 0.450 Asia Sac Int 5 40 -0 10 Bank ot EA 31 20 0 30 C P.Pokphand 2 95 0 15 CDL Hotel 3 58 -0 02 Cafe Da Coral 2 17 -0 03 Cath Pac Air 1390
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    • 549 17 Mgrs Prices, Aug 9 Aberdeen Asset Mft At Ltd Aberdeen S pore Gr Fund 1 027-1 080” American Inti Aisur AiA Unit l inked F und ($poff) 1 091-1149« AlA Unit L *nked F und (Brunei) 0 950-1 000« AXAL.t. fortress Fund 0 994Citicorp Invt Bank CmGiobaiBnndtd 1
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    • 8740 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 7
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    • 942 20  -  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 highly
      RAYMOND LEE  -  942 words
    • 456 20  -  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 has
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    • 461 20  -  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 from
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  • Page 21 Advertisements
    • 799 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 motivated
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  • Page 22 Advertisements
    • 823 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 management
      823 words

  • FORUM
    • 358 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 for
      358 words
    • 290 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 of
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    • 311 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 refers
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    • 278 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 claims
      NOEL ROSALES  -  278 words
  • 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

  • 518 24  -  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 to
    Picture by WONG KWAI CHOW.  -  518 words
  • 768 24  -  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 Communications
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