The Straits Times : Weekly Overseas Edition, 1 November 1997
1997-11-01
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The Straits Times : Weekly Overseas Edition
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Title Section20 1997-11-01 1 The Straits Times WEEKLY EDITION SATURDAY, NOVEMBER 1, 1997 Price: S$L2O (In Singapore) Elsewhere by subscription only MITA (P) 047/08/9720 words
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612 1997-11-01 1 Koh Buck Song - By Koh Buck Song in Copenhagen THE Asian currency and stock crisis is nothing to be alarmed about, and attention should turn instead to the real economy, Prime Minister Goh Chok Tong said here on Wednesday. Noting that the recent turmoil612 words
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Article, Illustration175 1997-11-01 1 ARMED with snacks, portable compact disc players and thick wads of study notes, students are showing up at Changi Airport in search of a quiet place to study for the year-end examinations. They can be seen along the viewing mall of the airport’s Terminal Two. Some spread groundPicture by LILLIAN FOO. - 175 words
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668 1997-11-01 1 Tan Ooi Boon - By Tan Ooi Boon A DOCTOR was wrong in not telling his patient that he was infected with the virus that could cause Aids just because the man’s brother told him not to, the High Court has ruled. A doctor’s first668 words
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Page 1 Advertisements
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Advertisement12 1997-11-01 1 Planning a CAREER Move CHECK OUT Pages 21 22 8 "*****1 *****612 words
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NEWS FOCUS
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565 1997-11-01 2 Wang Hui Ling - By Wang Hui Ling in Shanghai STUDENTS and teaching staff at the two Singapore universities will soon work closer with their counterparts in top Chinese var sities when an agreement between the two governments to formalise education links is implemented. Revealing565 words
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Article, Illustration78 1997-11-01 2 DEVOTEES asking for blessings at the Kali Amman Temple during Deepavali. Deepam means light. Deepavali began at the break of dawn for some devotees who attended morning prayers at 6.30 on Thursday. The new year for Hindus traditionally begins with a visit to■ Picture by CHEW SENG KIM. - 78 words
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567 1997-11-01 2 Chua Mui Hoong - By Chua Mui Hoong THE Malay community has made steady progress since its self-help group, Mendaki, was formed 15 years ago, Deputy Prime Minister Lee Hsien Loong said. The community has progressed in education and housing standards, was more visible567 words
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590 1997-11-01 3 Allison Lim - By Allison Lim TWO people who had blood transfusions in hospital have been infected with the Human Immunodeficiency Virus (HIV) which causes Aids, because the blood they received was tainted. The patients are receiving medical treatment and, together with their families, are being counselled. The590 words
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292 1997-11-01 3 HELP FOR VICTIMS THE Health Ministry said on Tuesday it would pay for all the medical expenses of the two people who were given the HIV-tainted blood. The victims and their families are devastated by the discovery, said the ministry. It added, in292 words
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Article, Illustration416 1997-11-01 3 Walter Fernandez - By Walter Fernandez THE stepped-up Goods and Services Tax (GST) checks at the Woodlands checkpoint are random and will continue for as long as they are necessary, the Customs and Excise Department said on Wednesday. It said this in responsePicture by TAN SUAN ANN. - 416 words
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HOME
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Article, Illustration674 1997-11-01 4 Dominic Nathan - These giants may soon have to go By Dominic Nathan GIANT joss sticks may be on their way out. The Environment Ministry will be regulating their import and manufacture before next year's Seventh Month festival because of the smoke pollution. Environment674 words
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252 1997-11-01 4 GinnieTeo - Worst oil spill By GinnieTeo THE oil tanker that was detained by Malaysia last week for entering its waters illegally has been freed after it paid a M 520.000 (559.400) port fee and produced the relevant papers. The Orapin Global is now252 words
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Article, Illustration397 1997-11-01 4 Pang Gek Choo - Death of SM Lee’s father By Pang Gek Choo FIVE charities on Wednesday received a total of more than $300,000 from donations collected during the recent bereavement of Senior Minister Lee Kuan Yew’s family on the death of his father. Mr Lee ChinPicture by LIM SIN THAI. - 397 words
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334 1997-11-01 4 Lea Wee - By Lea Wee THE number of married couples who are unable to have sex is rising, said doctors at the KK Women's and Children’s Hospital sexual problem clinic. The most common cause is vaginismus, a condition in which the woman's vaginal opening snaps334 words
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546 1997-11-01 5 Lea Wee - Reports by Lea Wee MORE teenage girls, some as young as nine years old. are suffering from'eating disorders such as anorexia and bulimia, say doctors here. Dr Cai Timing, head of the Health Ministry s Department of Child and Adolescent Psychiatry, said that the546 words
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Article402 1997-11-01 5 A HOUSEWIFE did not notice anything wrong with her teenaged daughter until she started vomiting and had difficulty passing motion. She took her to the doctor and Meilin, then 14, admitted that she had taken laxatives to control her weight. She also admitted that she had started skipping402 words
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Article, Illustration485 1997-11-01 5 Lillian Foo - Spaniard, 12, believed to be reincarnation of Tibet monk Picture and report by Lillian Foo A CROWD of about 2,000 turned up to meet the boy Lama and to be blessed by him at the World Trade Centre on Sunday. But not all of485 words
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Article, Illustration433 1997-11-01 5 Joanne Lee - Drinking and dining al fresco has caught on, with more outlets cashing in By Joanne Lee COME rain or shine, heat or haze, Singaporeans have taken to outdoor drinking and dining in a big way. More are adjourning outdoors for a chat over coffee, a433 words
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301 1997-11-01 6 Koh Buck Song - By Koh Buck Song in Edinburgh PRIME Minister Goh Chok Tong and his Malaysian coun terpart Datuk Seri Dr Maha thir Mohamad, meeting for the first time since bilateral ties hit a rough patch, last Fri day agreed to look into ways to resolve301 words
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Article, Illustration309 1997-11-01 6 Raoul Le Blond - By Raoul Le Blond THE young patient was scared, uncertain if he would live. But he wanted to make a difference. Daniel Prior. 13. has come a long way since a year ago. when he was hospitalised for leukaemia. From nis hospital bed, he knottedPicture by AZIZ HUSSIN. - 309 words
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Page 6 Miscellaneous
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Miscellaneous1135 1997-11-01 6 RADIO SINGAPORE INTERNATIONAL (ENGLISH) PROGRAMME SCHEDULES 1100 1400 Hours (GMT) 6015 KHz (49M BAND, 6155 KHz '49M BAND MONDAY 1100 News 1109 3usmess Ma rnet Report 1115 Arts Arena 1130 News 1135 The Front Page 1138 Z Beat 1145 Newsline 1200 News/VVeatner (Asia-Pacific) 1205 Z Beat 1220 Business Ma*ket Report/E1,135 words
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SPORTS
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Article, Illustration756 1997-11-01 7 Thomas Koh - SSC boss thanks SEA Games athletes By Thomas Koh IT WAS fun time last Friday evening as the Republic's South-east Asia Games athletes let their hair down at a poolside party organised by the Singapore Sports Council, in appreciation ot their effortsPicture bv JERRY SEH, - 756 words
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Article, Illustration513 1997-11-01 7 Santokh Singh - By Santokh Singh THERE was further joy tor three students on their return from a successful South-east Asia Games outing in Jakarta recently. Sailors Khor Teck Lin and Joan Huang and swimmer Christel Bouvron were bestowea the Outstanding Performance Award by513 words
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Page 7 Advertisements
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Advertisement219 1997-11-01 7 GAIN A STRATEGIC UNDERSTANDING OF THE ASIA PACIFIC REGION The Master of Arts in Asia Pacific Studies taught in Singapore, made available to the region via internet... The only course of its kind in Singapore, ihe MA in Asia Pacific Stuaies is an internationally recognisea Master s <evei programme from219 words
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MALAYSIA
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537 1997-11-01 8 Ho Wah Foon - By Ho Wah Foon in Kuala Lumpur UMNO Youth has decided to hold a spe cial conference of local politicians and businessmen, Asean bankers and experts to discuss ways and means to combat the currency crisis, according to Chinese newspaper Nanyang537 words
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255 1997-11-01 8 TAIPING (Perak) The Malaysian government will repatriate about 400.000 foreign workers even though they have valid visa or work permits, if they are found working in sectors that do not contribute to the country's foreign exchange, a deputy minister nas said. The Internet Edition of255 words
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Article, Illustration56 1997-11-01 8 STUDENTS of Sri Cempaka School in Bukit Damansara, Kuala Lumpur, helping to load bags of rice and milk into a lorry. The goods were part of the school’s contribution to the national drive to collect donations for the starving children of North Korea.Malay Mail picture. - 56 words
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277 1997-11-01 8 APT. money from?” AFP. Ber nama. EDINBURGH Prime Minister Datuk Seri Dr Mahathir Mohamad has warned Malaysians of a possible recession and urged them to exercise pruaence in spending ana buy homemade products. He said a recession could result from job losses caused by theAPT.; money from?” — AFP. Ber nama. - 277 words
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Article, Illustration489 1997-11-01 8 KUALA LUMPUR A Holly-wood-stvle film city will be set up in Pahang to meet the demand for local film facilities by American and European film producers. Deputv Information Minister Datuk Suleiman Mohamed has said. The Internet edition of Malaysia's Berita Harian489 words
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SOUTH-EAST ASIA
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Article, Illustration570 1997-11-01 9 Susan Sim - By Susan Sim Indonesia Correspondent JAKARTA President Suharto has accepted offers of aid made personally by Japanese and Australian leaders to help the Indonesian government its monetary crisis, State Secretary Moerdiono announced on Wednesday. But while it was made clear570 words
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Article, Illustration225 1997-11-01 9 BANGKOK Pnson Rock, the debut album by the Thai band of former convicts, Satan’s Gang, carries a copyright warning with a macabre ring. “For your own safety, do not copy this album,” it reads. This warning is not to be taken lightly. Every member of the band isof devils” and “godfather of the dead”. — South China Morning Post picture. - 225 words
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574 1997-11-01 9 Garage sale of luxury cars and jewellery AFP BANGKOK Luxury cars, jewellery, chic furniture and even plots of land went on sale at the weekend in a bizarre ga rage sale to raise cash for Thai land’s “formerly rich”. Hundreds ofAFP - 574 words
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397 1997-11-01 9 Nirmal Ghosh - By Nirmal Ghosh Philippines Correspondent MANILA The Philippine government plans to construct 1.2 million low-cost housing units to accommodate home less families bv next June about a third of which have already been built at a cost of about 180 billion pesos397 words
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COMMENT / Pick of the week’s editorials
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Article684 1997-11-01 10 OC T OBER 31.1997 PERHAPS the most significant feature of Chinese President .Jiang Zemin's eight-day odyssey to the United States fs that he has not allowed any distraction to impinge on the central pur pose of the exercise, which is to enhance mutual understanding.684 words
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Article654 1997-11-01 10 OCTOBER 30 1997 WALL Street’s later recovery notwithstanding, Tuesday's carnage on it its worst since the crash of 1987 shows just how closely intertwined the global economy is. and so how vulnerable one* market is to developments in another. In New York's case, the654 words
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Article628 1997-11-01 10 OCTOBER 28 1997 THE comment by the Economic Development Board (EDB) that it will help Singapore companies in Johor relocate if the Causeway jams do not ease, followed by a warning from the president of the Singapore Chinese Chamber of Commerce and Industry along the628 words
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927 1997-11-01 10 Alan John - By Alan John THE death of Mr Chia Cher Seng was recorded in two paragraphs of a Straits Times report in January. The 26-vear-old was the first motorcyclist whose death was recorded this year, after he hit a taxi in Ang Mo927 words
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COMMENT/ANALYSIS
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Article, Illustration1074 1997-11-01 11 Warren Fernandez - By Warren Fernandez UNDER a white marquee and clear skies, dozens of Mexican workers are listening intently to the Governor of Jalisco, Mr Alberto Cardenas. He speaks with conviction about the efforts of his state in western Mexico to draw foreign investors,LUDWIG 1110 - 1,074 words
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Article1020 1997-11-01 11 Tan Sai Siong - Even ill winds can be harnessed to yield benefits By Tan Sai Siong WHO would have thought at the beginning of this year that the second half, starting from July, would prove so trying for Singapore and its neighbours? Many eyes had focused on July because1,020 words
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A CORPORATE NEWSLETTER OF THE CPF BOARD 04/97 CPF Newsline
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Article787 1997-11-01 12 / 13 The cost of medical treatment for serious or prolonged illnesses can become a heavy financial burden. Insure yourself and your loved ones against this with MediShield or MediShield Plus. Iliese are low-cost catastrophic medical insurance schemes which help CPF members and their dependants (spouse, children, parents and787 words
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Article, Illustration190 1997-11-01 12 / 13 Over 400 union officials attended a seminar jointly organised by the Board and NTUC on 29 August 1997 at the DBS Auditorium. The Guest-of-Honour was Mr Ong Ah Heng, Assistant Secretary-General of the NTUC and MP for Nee Soon Central. The seminar on Medisave, MediShield and Medifund190 words
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Article323 1997-11-01 12 / 13 From the last week of October, members can start withdrawing their net realised profits made on investments under the CPF Investment Scheme (CPFIS) for the accounting year 1 October 1996 to .30 September 1997. Only sale proceeds received by the end of September will lx* taken323 words
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CPF IN SHORT
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Article184 1997-11-01 12 / 13 The CPF Investment Scheme (CPFIS) gives members more options in investinq their CPF. wnue meeting fne long-term 0D|ective or financial security in old age. However, before profits from investments can be withdrawn, members must restore the CPF savings and the interest which they would have184 words
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133 1997-11-01 12 / 13 Employers are encouraged to make their monthly CPF payments through GIRO to save themselves the inconvenience of having to make out cheques when contributions are due, or rush to the post office to pay the CPF on the last day of the grace period, the 14th133 words
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Page 12 / 13 Advertisements
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Advertisement11 1997-11-01 12 / 13 EXCELLENCE I N PUBLIC SERVICE. ANOTHER EFFORT BY CPF PUBLIC COMMUNICATION11 words
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Advertisement46 1997-11-01 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@cpf.stems.com Web site: http://www.cpf.gov.sg a* 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, Illustration1885 1997-11-01 14 Human rights groups denigrate it as being ‘compliant’. Yet competitiveness and business ratings rank it highly. Just what accounts for this difference in the way Singapore’s legal system is viewed by others? Chua Mui Hoong explores the issue. A JUDICIARY that isNOEL ROSALES - 1,885 words
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Article, Illustration1021 1997-11-01 15 Interview INSIGHT: Some people may think your new association will just try to lobbv for higher fares. Mr Nah: No, we do not want the fares to just go up and up. Our main aim is get the Govern1,021 words
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Article, Illustration1332 1997-11-01 15 Watren Fernandez - Thinking Aloud Watren Fernandez YOU might call it a sorry lorry saga. Nearly a month ago, officials from Johor’s Customs and Excise Department began checks on all lorries crossing the Causeway, ostensibly to deter tax evasion and smuggling. Then came1,332 words
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MONEY
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391 1997-11-01 16 Weekly share market review DESPITE a mauling on Tuesday following Wall Street’s plunge, Singapore shares ended tne week relatively unscathed. Dealers said the losses were stemmed by two days' of strong gains on the local bourse as investors went on a bargain hunt391 words
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Article1646 1997-11-01 16 Company OaIa aims Nat aarn TV IY ($m) ($m> EPS TV LY lets) lets) A0R Mldqs Sapt18 1 0.429L 0.060 0.1 AFP Sapt 30 1 24.729 2.5 AISB* Sapt 30 P S 658 1.763 5.71 1.72 ANA Hotels Oct) 1 1317 1.580 2.75 329 ASJ Hidgs Sapt 231,646 words
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Article160 1997-11-01 16 RIGHTS ISSUE IsBooks Company Ratio data dots Soutbarn B F Onafortwo RM1.85 Oct 14 Oct 20 NYA IPCO 8*3 wrts-for-10 US$1.20 Nov 13 Nov 19 NYA BONUS ISSUE E«Books Company Ratio <ut« closa Palanqi Bhd Ona-for-two Oct 23 Oct 29 Robinson Ona-for-fiva Oct 21 Oct 27 Soutnorn B160 words
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Article72 1997-11-01 16 ST Industrials Index The Straits Times Industrials Index dropped 31.74 points on the week to 1586.07. DAY CLOSE TURNOVER Monday 1619.90 2.09) 116.962 ($307.148m) Tuesday 1497.03 (-122.87) 240.457 ($489.247m) Wednesday 1541.39 44.36) 234.730 ($454.524m) Thursday Friday 1586.07 44.68) 172.529 ($406.969m) BT— MGA Index The BT—MGA Index rose72 words
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Article840 1997-11-01 16 Payment <%> El data Books close Pay data AISB SOC b S Jan 2 Jan 7 Jan 23 Alt* Hi Yield Bd F 8.49 Oct 23 Oct 29 Nov 6 Aik Pic Ld t> 1*1T£ Sept 24 Sept 30 Oct 29 Aultraland A SOC 1 6.4 Jan 9840 words
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Article137 1997-11-01 16 Company Rights luua AISB Thrao-tor-fiva M$5.50 Inno-Pac Ona-for-ona $0.30 Nipporcraft Ona-for-four $0.28 PMI Thraa-for-two M$1 00 Company Bonut Issua H Royal Two-for-thraa Kamayan Corp Onalorthraa Lum Chang Onofor-fiva PMI Ona-forfour Sin Soon H Ona-for-two Company Ot nan inno-Pac Proposal) issua of ona wrt for ovary four ordinary tnaras.137 words
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Article68 1997-11-01 16 Commnv Tim* Sime utP A Kristal Ballroom Main Block. Petaling Java Hilton No 2 Jin Bar at ***** Petaling Jaya Selangor Darul Efuan Oct 27 11.00am Raffles Med Croup r 182 Clemenceau Avenue «05-00 Rattle» SurgiCentre (*****3) Oct 29 9.30am Sime S'pore A Central Conference Rm Sime Darby68 words
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Article513 1997-11-01 17 Tan Li Eng - Move to discourage early withdrawal of fixed deposits By Tan Li Eng UNITED Overseas Bank (UOB) has slapped a penalty fee pegged to the spiralling interbank rates on savers to discourage early withdrawals of fixed deposits. A Straits Times check with three of the513 words
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Article179 1997-11-01 17 COUNTER RATES Singapore dollars to one unit ot foreign currency Buying OD Selling US dollar 1.5731 1 6040 Sterling pound 2 6047 ***** Australian dollar 1 0899 1 1336 Canadian dollar 1 1085 1 1428 NZ dollar ***** 1 0080 EC unit 1 8491 Singapore dollars to 100 units179 words
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432 1997-11-01 17 Ng Wei Joo - By Ng Wei Joo TWO of the Big Four local banks DBS Bank and United Overseas Bank (UOB) have done away with their promotional rate's for housing loans, a check with their branches showed. Officials at several branches of the Overseas Union Bank432 words
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320 1997-11-01 17 Kaipana Rashiwala - By Kaipana Rashiwala HOMEGROWN Royal Sporting House (RSH) Group has be come the first Singapore retail er to go into South Korea, open ing a 10,000 sq ft outlet in Seoul last week through a franchise arrangement. The outlet, showcasing a range of320 words
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Article112 1997-11-01 17 Contract date: October 31,1997 UNIT ONE MTH 3 MTH 6 MTH 9 MTH 12 MTH CALL VALUE DATE uss 5 5‘% 54„ 54., 54,, «V. 04/11/97 AS <■•/„ 4>:„ 44« *'U 34% 05/11/97 NZS 7>. PL, 7v« 7/„ 7 5’/» 04,1197 STG 6 5 t"U 6'V, 6’4«112 words
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Article436 1997-11-01 17 October 31,1997 HK* ASM Pacific 590 unch Allied tnd lot i 1 86 -0 04 Allied Oversea 0 82 0 10 Asia Sec Int 1 68 0 31 Bank o< EA 1730 unch C P Pokphand 1 85 0 05 COL Hofei 2 23 -0 02 CafeDeCofal 1 51436 words
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Article935 1997-11-01 17 Mgrs Prices, November i Ab*rd#*n Ats*t Mgl Am Ltd LVMf S DOf* GrFund 0 881-0 927" AiB Govttt (Alia) Ltd Govatt Asa Pacific Growth Fd 0 956-1 doa Govetl GtoM' Brands c d C93D-0 9T7 Amancan Inti Aasur A'A Unit L.nked Fo 0 870-C9’6» A!A Begionai Equey Fq935 words
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Article9103 1997-11-01 18 NPySTRIAL AND COMMERCIAL T ransaction Date: October 31. 1997 I '997 Curr -a st Vol Day Grs Net M Cap Wt Avg High LOW Company radeo Sale 4* or000 High Low Div P/E Smil Price 157 40 ACF DvnamicsbOc 44 2 139 45 40 36 0 469,103 words
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Article, Illustration648 1997-11-01 20 Jean Chia - Financial turmoil By Jean Chia LIFE is tough in the billiondollar club. The man who makes millions for his listed companies property tycoon Kwex Leng Beng has found himself S2OO million poorer in just one day. The billionaire saw his key holdings in648 words
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583 1997-11-01 20 Douglas Wong - By Douglas Wong THE Singapore-developed Suzhou Industrial Park (SIP) in China has "lost quite a bit of money” as is typical of a heavy infrastructure project, but should turn the comer in two to three vears’ time, its583 words
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455 1997-11-01 20 SINGAPORE Airlines’ (SIA) interim net profits of $616 million for the six months ended September exceeded analysts’ expectations, but the national carrier remained somewhat cautious about its second-half outlook. The 9.9 per cent rise in earnings was thanks to lower fuel prices,455 words
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Page 21 Advertisements
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Advertisement801 1997-11-01 21 The Straits Times Weekly Edition Jmi&mSL '*oBos 55 ><: i&i m m mm m ::g: UOB INVESTMENT RESEARCH PTE LTD (A MEMBER OF THE UNITED OVERSEAS BANK GROUP) We are a wholly-owned subsidiary of Singapore's leading bank group, the United Overseas Bank Ltd (UOB). We invite applications for the following801 words
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Page 22 Advertisements
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Advertisement887 1997-11-01 22 You are Intellig You are Inno You are r >■ > f fei rc? vi v ;f QL Pm 9 laces iwi AtTransitLink, your experience and originality will take you places. As one of Singapore's most dynamic organisations, we have the perfect environment for advancement and success, combined with the887 words
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FORUM
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Article, Illustration472 1997-11-01 23 Tough action needed to curb smuggling of unwanted goods Shopping across the Causeway I REFER to the call by the SCCCI (Singapore Chinese Chamber of Commerce and Industry) president to ease Customs checks at the Causeway. To make such a call now is untimely. I472 words
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Article440 1997-11-01 23 It’s cheaper than petrol, but causes more air pollution THE current haze has alerted everyone in the region to the hazards of air pollution. While we can blame unscrupulous forestry companies in Indonesia for the haze, we should not ignore our vehicle emissions and the underlying440 words
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440 1997-11-01 23 I LAUD Dr Ivan Png's observation of the ill-effects of diesel fumes (above). However, there is more to the issue than the combustible material consumed by the motor vehicle. While it is true that private cars operate well on petrol, they440 words
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278 1997-11-01 23 THE average Singaporean is surely affluent enough to shed his kiasu tendency to save an extra dollar at the cost of a long, exasperating wait at the Causeway, and there should be no need for the appeal made by grassroots leaders in278 words
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Page 23 Advertisements
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Advertisement124 1997-11-01 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, such124 words
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150 1997-11-01 24 Highlights of H im tunu y 11 i miii ******1 iM Liquidation of some ailing banks. Removal of government monopoly over wheat, soya beans and garlic from Jan 1,1998. But import tariffs of 10-20% to be imposed. National car programme to be subject150 words
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740 1997-11-01 24 Susan Sim - By Susan Sim Indonesia Correspondent JAKARTA The Indonesian government yesterday showed its resolve to restructure its economy with the unveiling of a three-year stabilisation programme which would be supervised by three multilateral agencies. The agencies, along with several friendly countries, were expected to contribute more740 words
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Article, Illustration242 1997-11-01 24 MR KWEK Leng Beng, who took the Singapore brand into the global hotel scene, on Tuesday night became the first person in 12 years to be honoured with the Singapore Tourist Promotion Boaras top two tourism awards. Mr Kwek, who is Hong LeongPicture by GEORGE GASCON. - 242 words