The Straits Times : Weekly Overseas Edition, 18 October 1997
1997-10-18
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The Straits Times : Weekly Overseas Edition
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Title Section20 1997-10-18 1 The Straits Times WEEKLY EDITION SATURDAY, OCTOBER 18, 1997 Price: S$1.20 (in Singapore) Elsewhere by subscription only MITA (P) 047/08/9720 words
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773 1997-10-18 1 Warren Fernandez - Temporary setback which can be wake-up call By Warren Fernandez in Hongkong THE turmoil that has hit Asean currencies is a temporary, though painful, setback and coula serve as a “wake-up call" to East Asian countries to take the tough measures needed to773 words
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372 1997-10-18 1 Douglas Wong - By Douglas Wong in Subang Jaya TRADE and Industry Minister Lee Yock Suan said yesterday he had discussed the Causeway jam problem with his Malaysian counterpart Rafidah Aziz and she had agreed to look into the situation. “I raised the matter informally372 words
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Article, Illustration114 1997-10-18 1 AT least 1,000 Malaysian lorry drivers entering Johor Baru camped overnight in their vehicles, after they failed to make it through Malaysian Customs before it shut yesterday. The office had closed an hour earlier than the scheduled 4 pm to wait for new tax announcementsPicture by TERENCE TAN - 114 words
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Page 1 Advertisements
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Advertisement11 1997-10-18 1 Planning a AREER Move CHECK OUT Pages 21 22 8‘*****1 *****611 words
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NEWS FOCUS
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Article, Illustration561 1997-10-18 2 Jasbir Singh - Singapore lawyer recounts the blast Truck bomb in Colombo By Jasbir Singh SINGAPORE lawyer Sharmila Gunasingham was about to leave her Colombo hotel room for a breakfast meeting on Wednesday morning when she heard the gunshots. “Suddenly there was a huge explosion561 words
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455 1997-10-18 2 Tan Ooi Boon - By Tan Ooi Boon TOWKAY Neo. the man accused of renting out Malayan Railway land illegally, was fined $lO,OOO by the High Court last’Friday for lying in his evidence. Neo Hong Huat, 39, was’cited for contempt because, when or dered to disclose all455 words
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Article, Illustration600 1997-10-18 2 Football corruption case FOOTBALLERS Manap Hamat and Abdul Malek Mohammad were charged on June 2 with taking bribes to fix the outcome of eight matches between April and October last year. Manap faced eight counts of corruption involving a total of600 words
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707 1997-10-18 3 Warren Fernandez - A vision for the Republic By Warren Fernandez in Hongkong PRIME Minister Goh Chok Tong on Wednesday spelt out his vision of Singapore as an “oasis of talent”, serving as a hub for business, talent, knowledge and information, with707 words
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Article, Illustration419 1997-10-18 3 Dominic Nathan - By Dominic Nathan THE Singapore Armed Forces (SAF) has bought a new Russian-made missile system which can knock out low-flying aircraft and helicopters. The portable Igla missile system is the SAF’s first Russian arms purchase, said Education and Second Defence419 words
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647 1997-10-18 3 'Non-officer signs $2b in contracts One of discrepancies in govt depts listed in AG report THREE contracts worth more than $2 billion were signed on behalf of the Government by a consultant, engaged by the Ministry of Communications, who actually had no authority to do so. In its checks, the647 words
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HOME
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Article, Illustration1114 1997-10-18 4 Interview with Fandi Ahmad Soccer star and new father Fandi Ahmad has decided the time has come to put family before football, for the sake of his baby son. It is a decision that he will pursue not here but in the countryFOOHWEIWEN; Picture by JONATHAN CHOO of THE NEW PAPER - 1,114 words
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444 1997-10-18 4 Chua Chin Hon - By Chua Chin Hon HIS 16-year-old son is going to jail, and Mr Pang Kim Kwang blames himself for that. The 40-year-old sales engineer said ne had neglected his only son. Aric Pang Cneng Chen, since he divorced444 words
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Article, Illustration550 1997-10-18 5 Geraldine Yeo; and Ginnie Teo - The Big Spill By Geraldine Yeo and Ginnie Teo THE waters west of Singapore, around Pulau Bukom, Senang, Pawai and Sudong, looked like a sea of black coffee yesterday. Marine fuel from Wednesday night’s spill had surfaced as large greasy patches,Picture by LIM SIN THAI. - 550 words
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517 1997-10-18 5 Sharon Vasoo - The big Causeway jam By Sharon Vasoo AT least 1,000 Malaysian lorry drivers entering Malaysia yesterday camped overnight in Jonor Baru and the Woodlands Road area, after Malaysian Customs shut operations earlier than the scheduled 4 pm to await new tax announcements in the Budget.517 words
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751 1997-10-18 5 Walter Fernandez - By Walter Fernandez THE Government has said that the stepped-up Goods and Ser vices Tax (GST) checks on Sin gaporean shoppers returning from Johor Baru are to tackle the same problem which led to the three-quarter-tank rule Singaporeans avoiding taxes and751 words
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Article, Illustration90 1997-10-18 6 SERANGOON ROAD SWITCHES ON: Little India blazed with lights last Satrdav to celebrate Deepavali on Oct 30. About 450.000 bulbs glowed along the stretch of Serangoon Road between Bukit Timah and Kitchener roads. Banners, ribbons and tinsel were also part of the decoration to mark thePicture by DENISE TAN. - 90 words
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766 1997-10-18 6 Lim Seng Jin - New corruption and cheating allegations involve a total of $7 million By Lim Seng Jin THE Royal brothers, already facing a $1 million corruption charge, had another four char ges slapped on them last Friday. The new charges against Raj Kumar Naraindas, 44, and766 words
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338 1997-10-18 6 OUT of every £ll (5527.50) spent by tourists in Britain, £1 comes from an Asian. Emphasising the importance of Asian visitors to his country, a British minister of state said he hopes to attract 1.4 million Asians, 130,000 of them Singaporeans, by338 words
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389 1997-10-18 6 YOUNG, talented singers and musicians have a new platform to perform, with the opening of the Young Musicians Society’s new arts centre in Waterloo street. Education Minister Teo Chee Hean, who opened the centre last Saturday, said that with the Waterloo389 words
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462 1997-10-18 7 Mah’s challenge to LTA: COMMUNICATIONS Minister Mah Bow Tan has challenged the Land Transport Authority (LTA) to deliver one rapid transit project a year. This would double Singapore’s rail network in 10 years’ time something that other countries have taken 40 to 50462 words
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Article, Illustration379 1997-10-18 7 Death of SM Lee’s father INDONESIA’S Industry and Trade Minister Tunky Ariwibowo on Tuesday paid his respects to the late Lee Chin Koon, the father of Senior Minister Lee Kuan Yew, who died on Sunday at the age of 94. A statement fromPicture by AZIZ HUSSIN. - 379 words
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Article, Illustration518 1997-10-18 8 TanOoi Boon - After 19 years on Supreme Court Bench By TanOoi Boon JUSTICE T S. Sinnathuray, 67. one of Singapore’s longest serving and most experienced judges, has retired from the Supreme Court Bench. But he is not ready to call it a day yet as he is stiil the Commissioner518 words
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Article, Illustration341 1997-10-18 8 Pearl Lee - By Pearl Lee AFTER 42 years, the Metropolitan YMCA International Centre at Palmer Road will close at the end of this year. This follows an increase of its monthly temporary occupation licence (TOD fee from $lO,OOO to $Bl,OOO. According to the341 words
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Page 7 Advertisements
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Advertisement176 1997-10-18 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 ST176 words
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Page 8 Miscellaneous
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Miscellaneous1119 1997-10-18 8 RADIO SINGAPORE INTERNATIONAL (ENGLISH) PROGRAMME SCHEDULES 1100 1400 Hours (GMT) 6015 KHz (49M BAND) 6155 KHz (49M BAND) MONDAY 1100 News 1109 Business Market Report 1115 Arts Arena 1130 News 1135 The Front Page 1138 E Z Beat 1145 Newsline 1200 News/Weather (Asia-Pacific) 1205 E Z Beat 1220 Business Market1,119 words
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SPORTS
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468 1997-10-18 9 Shirlynn Ho-Pereira - Young Alvin helps in 17-of-17 water polo record THE SOUTH-EAST ASIAN GAMES By Shirlynn Ho-Pereira NOTHING could wipe out Alvin Lee's smile. And it will certainly take several days for him to come down from that wonderful high of victory. The 16-vear old468 words
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Article, Illustration598 1997-10-18 9 Thomas Koh - Wong bags first cycling gold in 20 years without knowing it By Thomas Koh SINGAPORE’S biggest surprise package of the SEA Games came in the form of Bernard Wong who landed the Republic's first cycling gold in 20 years. He won the men’s 30-kilometre points race598 words
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Article, Illustration700 1997-10-18 9 Shirlynn Ho-Pereira - Concluding night’s gold makes up for her frustrating outing By Shirlynn Ho-Pereira JOSCELIN YEO ended the 19th SEA Games on Thursday night the same way she started it by winning. Her victory in the 50 metres freestyle gave700 words
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MALAYSIA
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423 1997-10-18 10 VST KUALA LUMPUR A total of Ms 3 million (S$ 1.5 million) has been reported to have been withdrawn through suspected cloning of automated teller machine (ATM) cards in the first nine months of the year. Deputy Finance Minister Datuk I)r Affifuddin Omar hasVST - 423 words
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425 1997-10-18 10 Douglas Wong - 29th Asean Economic Ministers’ meeting By Douglas Wong in Subang Jaya MALAYSIAN Prime Minister Mahathir Mo hamad on Thursday said Asean faces many demanding economic challenges which it must meet with bold moves towards greater economic integration. “Our thrust forward requires us to go be425 words
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Article, Illustration258 1997-10-18 10 PORT KLANG A local shipping company and a port operator here are under scrutiny for hiring Singapore tugboats. Despite the government's repeated calls to use local resources to reduce the currentaccount deficit, the shipping company is said to have hired the twoThe Star picture. - 258 words
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186 1997-10-18 10 KUALA LUMPUR The issue of Singaporean fighter jets causing noise when flying over Gelang Patah in Johor is a thing of the past. Deputy Defence Minister Datuk Dr Fadzil Che Wan has said. He was responding to an oral question from National186 words
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Article, Illustration360 1997-10-18 10 LABIS (Johor) Work on the proposed inland port project in Segamat will start in two weeks, to encourage exporters in the south to use Malaysian ports instead of Singapore. Transport Minister Datuk Seri Dr Ling Liong Sik has said.JAUHA HASHIV - 360 words
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SOUTH-EAST ASIA
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527 1997-10-18 11 Lee Siew Hua - By Lee Siew Hua US Correspondent WASHINGTON The United States will provide emergency aid to help Indonesia and Malaysia, the two South-east Asian countries hit hardest by the effects of the haze. State Department spokesman James Rubin, who527 words
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Article, Illustration169 1997-10-18 11 ROYAL guards, dressed in uniforms similar to those worn by their counterparts outside Buckingham Palace, performing a changing of the guard to the tunes of a marching band in front of the Grand Palace in Bangkok last Friday. They wereAFP picture. - 169 words
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Article516 1997-10-18 11 Edward Tang - Foreign ownership curbs lifted Two new agencies to be set up By Edward Tang Thailand Correspondent BANGKOK In what could be the last roll of the dice, Thailand on Tuesday unveiled a package of economic reforms, including measures to save its debt-rid-den financial sector, to steer516 words
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458 1997-10-18 11 Luz Baguioro - By Luz Baguioro in Manila AUSTRALIA and the Philippines have pledged to pool efforts to crack down on paedophiles in the wake of reports that thousands of Australian men still come here for sexual adventures. Australian Foreign Minister Alexander Downer458 words
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COMMENT / Pick of the week’s editorials
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Article654 1997-10-18 12 OC7OBER 16 1 997 THE issue of doctors leaving government hospitals for private centres is usually seen in terms of what the former lose to the latter Implied in that idea of loss is a juxtaposition of the public sector which is identified with the654 words
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Article691 1997-10-18 12 OCTOBER 15.1997 IT is good that observers from the International Commission of .Jurists (IC.I) and Amnesty International monitored the hearing of the defamation suits filed by 11 leaders of the People's Action Partv against Workers' Party chief J. B. Jevaretnam The ICJ consists of judges691 words
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Article702 1997-10-18 12 OCTOBER 14 1997 SINGAPOREANS, as well as Malaysians, would be greatly relieved if Johor Baru Customs di rector Lasa Mohamad Desa’s promise that the Causeway con gestion would be cleared up by Friday is fulfilled. For. as Minister without Portfolio and NTUC chief Lim Boon702 words
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840 1997-10-18 12 Chua Lee Hoong - By Chua Lee Hoong Mr TAN Meng Leng. head of Malaysia's Department of Environment, gave this analogy of the haze recently. He likened it to fire, started in one house, spreading to adjoining houses, and said the greater urgency was to put840 words
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COMMENT/ANALYSIS
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Article, Illustration1192 1997-10-18 13 Ng Wei Joo - By Ng Wei Joo WHEN Education Minister Teo Chee Hean announced the Government's masterplan for information technology (IT) in education two months ago. few Singaporeans would have batted an eyelid at his comments about the need for IT in the classroom. AfterLUDWIG ILIO - 1,192 words
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815 1997-10-18 13 Koh Buck Song - By Koh Buck Song 1 REMEMBER well my last significant encounter with busking, a few years ago. No, I have no hidden talent with a harmonica attached to my shoulder, an accordion and footpedal cymbals. I815 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, Illustration2045 1997-10-18 14 Many Singaporeans worry about housing for their old age. But some developers are working on ideas already to cater to the aged of the future, finds Chua Mui Hoong, who explores some housing options and the issues they2,045 words
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Article, Illustration628 1997-10-18 15 Tomorrow’s old folks’ home condo living? Retirement housing Source: Dr Grace Wong, A VS School of Building and Beal I:stale. and XTI C. HOME, for architect Edward D’Silva, 47, is a comfortable semidetached house off Farrer Road, with a serene shrub lined patio where he enjoys an evening cigar andSource: Dr Grace Wong, AVS School of Building and Beal I:stale. and XTI C. - 628 words
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Article, Illustration1151 1997-10-18 15 Han Fook Kwang - Thinking Aloud Han Fook Kwang WHAT a month this has been for the region. which is facing a crisis of confidence the like of which it has not seen since the Vietnam War. Commentators everywhere have had a field day on the economic bailout1,151 words
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MONEY
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398 1997-10-18 16 Weekly share market review THE Singapore bourse woke up to a strong bashing on Thursday after a three-day stupor, thanks to a sell-down t in property stocks that affected the broader market. Trading in the early part of the week had been muted and398 words
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Article78 1997-10-18 16 ST Industrials Index The Straits Times Industrials Index dropped 73.85 points on the week to 1827.39. DAY CLOSE TURNOVER Monday 1877.69 (-23.55) 85.599 ($211.291m) Tuesday 1878.25 0.56) 87.733 ($221.220m) Wednesday 1855.03 (-23.22) 108.498 ($284.285m) Thursday 1804.24 (-50.79) 123.750 ($368.298m) Friday 1827.39 (+23.15) 142.730 ($413.774m) BT— MGA Index78 words
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Article1389 1997-10-18 16 Company Data ann Net earn TY LY ($m) t$m) EPS TY LY (eta) (eta) ABR Hidgs Sept 18 1 0.429L 0.060 0.1 AFP Sept 30 1 24.729 2.5 AlSB* Sept 30 P 5.658 1.763 5.71 1.72 ANA MOtflS Octl 1 1.317 1.580 2.75 3.29 ASj Hidgs Sept 231,389 words
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Article393 1997-10-18 16 RIGHTS ISSUE Ex- Books Company Ratio date close MUI Two-for-five $> RM1.35 Sept 10 Sept 16 Oct 17 Southern B F One-for-two 9 RM1.85 Oct 14 Oct 20 NY A BONUS ISSUE Ex- Books Company Ratio date close Malayawata One-for-two Oct 13 Oct 17 Pelengi Bhd One-for-two Oct393 words
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Article1151 1997-10-18 16 Payment Ex date Books close Pay date AMDS 50C b 5 Oct 2 Oct 8 Oct 24 AIS8 SOC b 5 Jan 2 Jan 7 Jan 23 Asia Pac Id b 1+1TE Sept 24 Sept 30 Oct 29 Australand A 50« 1 6.4 Jan 9 Jan 15 Jan1,151 words
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Article130 1997-10-18 16 Company Place Date Time ipco mn A 24 Pandan fid Oct 16 11.00am (*****5) Now Toyo E 66A Senokn sut Oct fr !0.0Q* m Mume tnds A Theatrette, level l Oct 18 12.00nn Wisma Honq leonq IS Jin Perak ***** Kuala Lumpur S Coffeemi» t No 26 Senoko130 words
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Article50 1997-10-18 16 Company Rights lasua AISB Thriĕ-ror-tiye M$5.50 inno-Pac One-for-one 4» $0.30 Nlppercraft One-for-four $0.28 PM! Three-for-two M$t.00 Company Sanaa Isaua h Roy*! Kamayan Corp Ona-for-three Lum Chang One-for-fiva PM! One-for-four Sin Spun rl One far-two Company Ot tiara lnno-P#c Proposed iaaua of ona wrt for every four ordtnary shares.50 words
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516 1997-10-18 17 Warren Fernandez - By Warren Fernandez in Hongkong SINGAPORE attracted a healthy $6.9 billion in manufacturing investments in the first nine months of this year, Prime Minister Goh Chok Tong disclosed on Wednesday, adding that the leading economic indicators for the third quarter of the516 words
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477 1997-10-18 17 Narendra Aggarwal - By Narendra Aggarwal SINGAPORE companies in vested an additional $4.3 billion to buy shares of foreign compa nies in 1995, a study by the Department of Statistics has revealed. This resulted in a hefty 60 per cent jump in the holdings of foreign477 words
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323 1997-10-18 17 ONLY 12 more millionaires were added to the ranks of Singapore’s mega-rich in 1995, a meagre increase compared to earlier years. In 1995, the number of millionaires increased to 398 from the previous year’s 386, according to the Inland Revenue Authority of323 words
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Article180 1997-10-18 17 COUNTER RATES Singapore dollars to one unit of foreign currency Buying 00 Selling US dollar 1 5369 1 5664 Sterling pound 2 4654 2 5444 Australian dollar 1.1188 1 1630 Canadian dollar 1 1003 1.1339 NZ dollar 0 9782 1 0195 EC unit Singapore dollars to 100 units of180 words
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Article127 1997-10-18 17 Contract date: October 17,1997 UNIT ONE MTH 3 MTH 6 MTH 9 MTH 12 MTH CALL VALUE DATE uss 5 5'. 5 s f 5V, 5'. 47, 2 s TO/97 AS 4' 4'. 4 4’. 4 1 4 3"/, 21 0/97 NZS 6 6 6‘« 6'6 21127 words
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Article467 1997-10-18 17 October 17,1997 HK$ ASM Pacific 6 25 0 100 Allied Ind Inf 1 1 08 •0 05 Allied Oversea 1 1* 0 11 Asia Sec Inf 2 17 026 Bank of E A 25 75 0 25 C P Pokphand 230 0 15 CDl Hotel 2.73 0 18 Cafe467 words
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Article516 1997-10-18 17 AM'deen Aim* Mgt Aki Ltd Aberdeen S pore Ur Fund t 03*—1 087" AI6 Gov** (Asia) ltd Goven Am Pacific Growl* 1 Fd 1 09A—* '49 Govett Global Brands Fd American Inti Aaaur 0 061—T 010 AIA unit Linked Fd 0 948-0 998» AlA Regional Equity Fd 0950-1000»516 words
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Article8932 1997-10-18 18 INDUSTRIAL AND COMMERCIAL Transaction Date: October J 1997 Curr Last Vol Day Grs Net M Cap Wt Avg High Low Company Traded Sale •for000 High Low Div% P'E Smil Price 157 70 e ACE Dynamics60c ASE NTS 10 200 US 76 62 2 77 88b 88b ASF8,932 words
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Article, Illustration491 1997-10-18 20 Colin Tan - Flat owners must wait out full period before they can book private property By Colin Tan THE Housing Board has tightened the rule requiring flat owners to stay for five full years before they are allowed to buy a private property. Previously, HDB flat owners could491 words
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Article, Illustration455 1997-10-18 20 SINGAPORE is still the top foreign investor in Australian hotel and tourism properties making up 13.7 per cent of the A 51.16 billion <S$l.3 billion» worth of such developments traded in the 15 months to June. Following close behind was MalaysiaReuter picture. - 455 words
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573 1997-10-18 20 Yeow Pei Lin - By Yeow Pei Lin SINGAPORE health-care groups are eveing private hospitals and health-care companies in the region, particularly Thailand, which nave been bit by the currency turmoil. Vista Healthcare Asia and Asia Matrix are among the potential buyers from Singapore, industry sources say.573 words
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Page 21 Advertisements
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Advertisement848 1997-10-18 21 %V jpllllll l I The Straits Times Weekly Edition > Jebsen Jessen MARKETING We are a Regional Business Unit of Jebsen Jessen (SEA) Pte Ltd, involved in distribution, marketing and servicing of mass marketable, branded products. Our core activities are Consumer Marketing, Care Medical Scientific, Textile fir Living and Automotive848 words
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Page 22 Advertisements
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Advertisement907 1997-10-18 22 SEE YOUR CAREER TAKE OFF AT THE WORLD'S BEST AIRPORT r r 4* 3 itf! <&fci i MANAGERS Would you like to manage one of the world's best airports? It's a tough job but somebody has to do it. And it comes with its rewards. Managers in CAAS are an907 words
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FORUM
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533 1997-10-18 23 The Causeway jam RECENTLY the Malaysian Customs suddenly woke up and realised that it had been too casual in manning the checkpoint at the Causeway. So it decided to check goods vehicles rigorously. The ostensible reason is the problem of smuggling533 words
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Article, Illustration268 1997-10-18 23 THE persistent jam along the Causeway is a disgrace to both Singapore and Malaysia. The Malaysian authorities are trying very hard to “force their businessmen to use Port Klang by imposing unusually strict checks ana Customs clearing procedures in order to achieve their268 words
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417 1997-10-18 23 AT LAST, Utusan Malaysia, a Malay-language daily, has said something about the traffic jam at the Causeway, though its report only consisted of criticisms by some Malaysian leaders against our Customs and Excise Department’s stepped-up checks on Singafiorean shoppers returning rom Johor417 words
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210 1997-10-18 23 I REFER to the articles and letters on the Causeway iam. Before 1995,1 had not visited Malaysia for almost 10 years. The press gave me the impression that Malaysians did not like us very much. But. while on business there over the210 words
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95 1997-10-18 23 THE monster jam at the Causeway is another megaproject. Some say this is to drag people to Port Klang. If so. the big lesson of the ringgit's free-fall that economic fundamentals must be sound has not been learnt. Port services should be sold on95 words
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Article, Illustration599 1997-10-18 24 Ginnie Teo - WORST SPILL IN SINGAPORE’S HISTORY By Ginnie Teo SINGAPORE is fighting its worst oil spill in history after a collision between a veiy large crude carrier (VLCC) and an oil tanker in the Singapore Straits on Wednesday night spewed 25.000 tonnes of oilPicture by STEVEN LEE.; FOOHWEI WEN - 599 words
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409 1997-10-18 24 Ho Wah Foon - By Ho Wah Foon in Kuala Lumpur DEPUTY Prime Minister Datuk Seri Anwar Ibrahim yesterday unveiled the 1998 Budget to address the current account prob lems, restore confidence in the financial markets and maintain growth in the economy. He announced measures to curb imports of consumer409 words