The Straits Times : Weekly Overseas Edition, 7 March 1998
1998-03-07
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The Straits Times : Weekly Overseas Edition
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Title Section20 1998-03-07 1 The Straits Times WEEKLY EDITION SATURDAY, MARCH 7, 1998 Price: S$L2O (in Singapore) Elsewhere by subscription only MITA (P) 047/08/9720 words
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Article, Illustration876 1998-03-07 1 LeongChanTeik - New structure reflects basic shift in traffic management By LeongChanTeik THE Government on Wednesday announced an overhaul of the decadesold road tax structure, reflecting a fundamental shift in the way traffic is managed in Singapore from charging fur car ownership to charging for road usage. TheCountdown ERP sign along East Coast Parkway. - 876 words
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358 1998-03-07 1 TAXI companies will be free to set fares after Sept 1 but the authorities will ensure that the operators will not form a cartel to fix prices. The Land Transport Authority (LTA) said that fare deregulation would allow taxi companies to use358 words
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Page 1 Advertisements
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Advertisement10 1998-03-07 1 NWC not likely to urge basic pay cut: Page 2410 words
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Advertisement10 1998-03-07 1 Planning a CAREER Move CHECKOUT Pages 21 22 8 "887110 words
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NEWS FOCUS
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716 1998-03-07 2 Walter Fernandez - By Walter Fernandez MOTORISTS using the Second Link between Singapore and Malaysia will not just nave to pay a toll to use the new bridge, but will also have to fork out a “highway toll” at the Johor-end of the716 words
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346 1998-03-07 2 Leong Weng Kam - By Leong Weng Kam CHINA Entertainment Television Broadcast Limited (CETV), the Hongkongbased satellite television channel created by Singaporean Robert Chua, will celebrate its third anniversary on March 11 after all. Mr Chua, the chairman of the “no sex,346 words
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Article, Illustration344 1998-03-07 2 Sebastian Tong - S’pore couple to pay fees for 300 schoolchildren in Thailand By Sebastian Tong A FLIGHT attendant and his receptionist wife in Singapore are showing how a little can go a long way for some 300 schoolchildren in Thailand. Mr Goh Thim Hock, 52, and his wife,344 words
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518 1998-03-07 3 David Miller - Police warn of possible influx of foreign criminals By David Miller THE crime rate in Singapore dipped for the ninth consecutive year in 1997 and record lows were hit in some types of crime. But police on Thursday cautioned that the trend518 words
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Article, Illustration516 1998-03-07 3 Dorothy Ho - March 23 launch for new-look newspaper By Dorothy Ho THE audience gasped. It was reacting to the page one of the newdook Straits Times which was unveiled in front of more than 1,000 guests at the Westin Stamford on Monday night. “The Straits Times, one516 words
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331 1998-03-07 3 Lim Seng Jin - By Lim Seng Jin A 56-YEAR-OLD man tied three pigeons up with raffia, hung tnem upside down from the parapet outside his flat, and plucked out the feathers of two of the birds. Ong Seng Chiang, who is unemployed, did not get away with tnis331 words
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HOME
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617 1998-03-07 4 Sandra Davie - By Sandra Davie THE first batch of students to complete four years of schooling in autonomous schools did well in last year’s O-level examination. On Monday, students and staff at Anderson Secondary, Bukit Panjang Government High, Convent of the Holy Infant Jesus (Toa Pavoh),617 words
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474 1998-03-07 4 Chan Wee Chuan - Tat Lee Bank records 38.7m loss for 1997 Banking group still financially sound, says MAS By Chan Wee Chuan TAT LEE Bank on Wedneday surprised the market with a $38.7 million full-year loss its first since its 1980 listing as a huge provision for possible baa loans to the region474 words
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Article, Illustration664 1998-03-07 4 Sharon Vasoo - By Sharon Vasoo MOTORISTS who want to convert their foreign car and motorcycle driving licences to Sre licences must now s local Basic Theory Test first. This is to ensure that they are familiar with traffic rules here, said the Traffic Police.ADAM LEE T«xt by SHARON VASOO - 664 words
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Article, Illustration375 1998-03-07 6 IN HER prime, Ms Heather Marican tore up the track regularly, turning neads with her looks as well as her speed. Though Singapore’s former hurdling queen is now 48, and a grandmother, she is still as glamorous as ever and still gives the hurdles aPicture by MUHAMMAD SHAH. - 375 words
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225 1998-03-07 6 WANT to book a tour or air ticket at night? Call Chan Brothers. The travel agency, one of Singapore’s biggest, started a 24-hour service from on Wednesday as part of its moves to stay competitive. For a start, the service, the first of its kind,225 words
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PARLIAMENT
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602 1998-03-07 5 Amended Rims Act TOUGHER penalties have been introduced for those who make and distribute obscene films and videos, under amendments to the Films Act passed in Parliament last Friday. The amended law also bans the distribution and exhibition of party political films,602 words
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Article, Illustration498 1998-03-07 5 4,278 workers laid off in 4th quarter THE number of retrenched workers has been rising since the start of the regional financial crisis, and more are expected to lose their jobs this year, Labour Minister Lee Boon Yang said last Friday. He cited498 words
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Article, Illustration764 1998-03-07 5 It all started with Chee Soon Juan... ALLOWING political parties to make films or videos would change the nature of politics here, degrade Singapore’s democracy and turn tne debate on policy issues into an advertising contest similar to the selling of soap.764 words
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Page 6 Miscellaneous
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Miscellaneous1114 1998-03-07 6 RADIO SINGAPORE INTERNATIONAL (ENGLISH) PROGRAMME SCHEDULES 1100 1400 Hours (GMT) 6015 KHz (49M BAND) 6055 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 Market1,114 words
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SPORTS
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Article, Illustration676 1998-03-07 7 Santokh Singh - Testimonial match of Fandi Ahmad, David Lee and Malek Awab By Santokh Singh SOCCER THEY deserved what they got. And what they had was more than 12,000 Singaporeans turning up to give them a resounding farewell, some of the best footballers in the regionPicture by JERRY SEH. - 676 words
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Article, Illustration245 1998-03-07 7 Thomas Koh - CYCLING By Thomas Koh HIS dreams of winning a Southeast Asia Games gold medal were shattered last year. But John Ong (right) realised another dream when he met up with top-notch Italian cyclists from the world’s No. 1 ranked team Mapei-Briscobi. The Italians were in245 words
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Page 7 Advertisements
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Advertisement175 1998-03-07 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 ST175 words
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MALAYSIA
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Article, Illustration439 1998-03-07 8 AFP, Reuters. KUALA LUMPUR Malaysian police will, with immediate effect, use the powerful Internal Security Act (ISA) against “middlemen” smuggling in illegal immigrants, and against Indonesian permanent residents in Malaysia who harbour foreigners. The New Straits Times yesterday cited Inspector-Gen-eral of PoliceAFP,; Reuters.; NST picture. - 439 words
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196 1998-03-07 8 Bemama. PE KAN (Pahang) A dummy missile fired from an FA-18 Hornet fighter jet during training strayed from target and landed in the compound of a house in Kampung Sawah, some 20 km from here, on Monday, police said. No injuries orBemama. - 196 words
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328 1998-03-07 8 ALOR STAR In what is believed to be the first such case in the country, eight lorry drivers suspected of driving under the influence of drugs have been detained by the Kedah Narcotics Department. According a report in the Sun newspaper on Monday, the eight328 words
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520 1998-03-07 8 Brendan Pereira - Malaysia’s Sime Bank reports loss of 700m By Brendan Pereira in Kuala Lumpur SIME Bank has become the first major casualty of Malay sia’s economic crisis with a six-month pre-tax loss of M 51.57 billion (Ss7oo million), forcing it into merger talks with RHB Bank. However, the country’s central bank520 words
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SOUTH-EAST ASIA
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558 1998-03-07 9 Susan Sim - By Susan Sim Indonesia Correspondent JAKARTA US President Bill Clinton’s personal envoy on Tuesday delivered a blunt message to Indonesia: comply vigorously witn the International Monetary Fund reforms if you want to overcome the crisis because there are no quick fixes. Former US vicepresident558 words
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549 1998-03-07 9 Derwin Pereira - By Derwin Pereira, in Jakarta ASEAN finance ministers last Saturday backed a move to use regional currencies for trade witnin the grouping. The plan could start on a bilateral basis between Asean countries before it becomes a multilateral arrangement. “We need to549 words
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Article, Illustration238 1998-03-07 9 Singer seen as major influence in Thai society BANGKOK Music lovers, the young and the young-at-heart sing her songs, and trendy teenagers around town dress in her style. Fans and the media say that Amita Tata Young has her finger on the pulse of modemThe Nation picture. - 238 words
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439 1998-03-07 9 Surinder Singh - By Surinder Singh in Sydney AUSTRALIA’S door is open to Indonesia’s ethnic Chinese wishing to seek refuge in the country under its humanitari-an-refugee programme, Prime Minister John Howard has said. But he said Canberra had no particular plans to bring them to Australia439 words
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COMMENT / Pick of the week’s editorials
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Article660 1998-03-07 10 MARCH 6. 1998 THE overhaul of the road tax structure announced on Wednesday is a welcome exercise in rationalisation. The existing structure not only deserves a better vehicle demand management policy but is also cumbersome. Clearing it of blockages and making it simRler, Communications660 words
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Article634 1998-03-07 10 MARCH 4, 1998 HISTORIANS 50 years hence will undoubtedly view President Suharto’s ascension to power in 1965 as a turning point in the fortunes of South-east Asia. When he first took office, seven in 10 Indonesians lived in absolute poverty. Thirty-three years later, the country is “within striking634 words
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Article683 1998-03-07 10 MARCH 3,1996 SOUTH Korean President Kim Dae Jung’s inauguration last week was a historical occasion, not only because it was the first time in the country’s modem period that power had passed from the ruling party to the opposition, but also Decause the incumbent leader683 words
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968 1998-03-07 10 Chua Lee Hoong - By Chua Lee Hoong THE move by the Economic Development Board and the National Computer Board to name scholarship bond-breakers publicly adds a twist to the shaming policy that started in Singapore against litterbugs several years ago. The breach that corrective work orders punish968 words
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COMMENT/ANALYSIS
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Article, Illustration1155 1998-03-07 11 Ravi Veloo - MY VIEW Ravi Veloo THE honey in my guay ling gao herbal jelly went sour in my moutn at a table of Chinese Singaporeans when one said: “Actually all this nonsense about human rights and free speech are Western1,155 words
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1117 1998-03-07 11 Tan Sai Siong - By Tan Sai Siong THE Economic Development Board chairman, Mr Philip Yeo, threatened last August to publicise the names of those EDB scholars who broke their bonds. And last week, Mr Teo Hoon Ping, an EDB scholar1,117 words
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POSBulletin A NEWSLETTER TO KEEP YOU UPDATED ON THE LATEST IN POSBANK MAR 98
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Article, Illustration180 1998-03-07 12 / 13 Tomorrow's Banking Today POSBnet, POSBank's Internet Banking Service, is a milestone service that will revolutionise banking to meet the challenges of the next century With a click of the mouse, POSBank allows account holders to perform a slew of180 words
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Article, Illustration132 1998-03-07 12 / 13 POSBank Funds Transfers Whether you are transferring funds worldwide or giving your parents their monthly allowance just tell us. With the introduction of the Funds Transfer GIRO service, customers can instruct the Bank to automatically transfer funds from their account to another person's POSBank account on132 words
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220 1998-03-07 12 / 13 POSBank GIRO Monitor, activate and terminate your GIRO transactions yourself POSBank introduced GIRO to Singapore as early as 1974. Since then, more and more people have discovered the ease and convenience of this electronic payment. r Depositors have control over their GIRO transactions through220 words
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Page 12 / 13 Advertisements
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Advertisement56 1998-03-07 12 / 13 For your banking enquiries, please call the One-Stop Service Information (OSI) at 339 6666 between 8.30am OUR VISION. To be the Bank of first choice. OUR MISSION: To promote saving and meet th 7.00pm (Mon-Fri) and 8.30am-1.00pm (Sat) OR visit us at our website, http://www.posbank.com.sg banking needs of our customers56 words
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INSIGHT
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Article, Illustration1502 1998-03-07 14 The economic slowdown has affected the work of charities and volunteer welfare organisations. How will they weather the hard times? Will the ‘many helping hands’ be in need of help themselves? Kao Chen reports. Impact of economic crunch on charities HE1,502 words
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387 1998-03-07 14 WHEN charities fall on hard times, who will look after the less fortunate? To the Ministry of Community Development, the answer is clear: the buck stops with the Government. As Miss Lim Hsiu Mei, the ministry’s deputy secretary (services) tells Insight: "Anybody who genuinely387 words
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Article, Illustration1030 1998-03-07 15 Interview INSIGHT: Why set up the new ministiy? Dr Lee Boon Yang: Currently every ministry ana statutory board does its own manpower planning to anticipate demand. The approach had worked well for Singapore which enjoyed steady economic growth, but the world1,030 words
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Article, Illustration1178 1998-03-07 15 Asad Latif - Thinking Aloud Asad Latif AS SINGAPORE budgets its way out of these ruinous regional times, some people are likely to be even less interested in politics than they usually are. Even in normal situations, they tend to see politics as others business.1,178 words
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MONEY
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399 1998-03-07 16 Weekly market review CORPORATE earnings at major listed companies determined the booms and busts in the stock market last week. Three of the Big Four banks DBS Bank, OCBC Bank and Overseas Union Bank announced disappointing earnings but this had mostly399 words
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Article79 1998-03-07 16 ST Industrials Index The Straits Times Industrials Index dropped 44.23 points on the week to 1571.15. DAY CLOSE TURNOVER Monday Tuesday Wednesday Thursday Friday 1610.64 (-4.74) 1592.88 (-17.76) 1571.49 (-21.39) 1579.68 8.19) 1571.15 (-8.53) 286.513 ($489,921 m) 310.103 ($393.971m) 299.282 ($331.214m) 336.827 ($437.029m) 276.335 ($440.621m) BT— MGA79 words
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Article1658 1998-03-07 16 Camptny ii Nat atm TV LV <$ml (Sml CPS TV LV feta) (eta) Aalamatru 50c Fro 24 2.I85L 3.233L 8.1L 13L SMT Jan 22 1 0.508 0.834 93.0 152 BAT Fab 2? P 29.090 ***** 32J 35.4 Bar.ty* Grp* Dae 19 1 41.001 ***** 4.7 2.7 Boutttad Sport1,658 words
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Article425 1998-03-07 16 Paymant <H> S 9 Books closa Pay data Asia P«c Brow f 11N Fab 27 Mar 6 Mar 17 Avlmo 20C r 16.25N Marti Marts Apr 3 Australand SOc F 6.4N Mar 2 Mar 9 Mar 20 Barjaya Grp 2.0 Fab 11 Fab 18 Mar 17 Barjaya Land425 words
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Article171 1998-03-07 16 RIGHTS ISSUE Cmt«mv Rati* Exdate If ACC t Paymt CesyKnit Three-f or-T woiPHKIOC Doc 31 Jan 7 Feb 4 BONUS ISSUE ExBooks Company Ratio date dose Hup Song Muat Ono-lor-flva Feb 2 Feb 9 Feb 19 Eng Won Ono-lor-two Feb 13 Feb 20 NA OTHERS ExBooks Acc Company171 words
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Article84 1998-03-07 16 Company Rights latua AISB Inno-Pac Material H PMI Three-for-five MS5.50 One-for-one 9 $0.30 One-for-one iA$0.20 Three-for-two M$i.00 Company Bonua latua M Rpyei Two-lor-three H Seng Moat One-for-flve Kamayan Carp One-for-three turn Cheng Ona-for-flva NBT Ona-tor-tlva PMI Ona-tar-four Company Others Inno-Pac Proposed latua ot ona wrt lor avary low84 words
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Article97 1998-03-07 16 OraOos Pacific A Hilton. S'poro Room 581 Orchard Rd 5th Lovol (*****3) Mar 16 12.00n WBL Corpn E 65 Chulia St «50-00 OCBC Contro (*****3) Mar 16 10.45am Bolton BN) E Board Room 6th Floor Campbell Complex 98 Jin Dang Wengi.KL Feb 26 10.00am tbn A Lovol 2.97 words
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Corporate results
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Article, Illustration731 1998-03-07 17 Tan Li Eng - One-for-five rights issue to raise slb; one-for-10 bonus issue to mark 30th year By Tan Li Eng DBS BANK on Wednesday reported a 34.8 per cent plunge in 1997 net group profit to $436.4 million and announced a one-for-five rights issue to raise about SI731 words
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452 1998-03-07 17 Chan Wee Chuan - By Chan Wee Chuan KEPPEL Bank turned in the least woeful performance of the three banks which reported full-year results on Wednesday, posting a 20.5 per cent drop in net earnings to $73.3 million. The decline was blamed on higher452 words
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Article176 1998-03-07 17 COUNTER RATES Singapore dollar* to on* unit of foreign currency Buying 00 Selling US dollar 1 6326 1.6679 Sterling pound 2 6454 ***** Australian dollar 1 0731 1.1188 Canadian dollar 1.1416 1.1795 NZ dollar 0 9297 0 9717 EC unit 1.8090 Singapore dollar* to 100 units of foreign currency176 words
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Article112 1998-03-07 17 Contract date: March 6 1998 UNIT ONE MTH 3 MTH 6 MTH 9 MTH 12 MTH CALL VALUE DATE us$ 5V„ 57„ 57„ 5’4 57, 47. *****8 AS 4', 4'4 47. 4’4 4 V, 3"4, 11/3798 NZS 87, 8 7% n 77. 77, *0/3/98 STG 6% 6’4112 words
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Article393 1998-03-07 17 March 6,1998 HKS ASM Pacific 560 Allied Ind Inti 034 002 Allied Oversea 056 002 0 78 004 1530 ♦0 10 C p Pokphand 1.31 •0 04 CDL Hotel 283 -0 05 Ca*e Oe Coral 1 75 unch Cath Pic Air 6 50 -015 Century City 128 +003 50393 words
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Article115 1998-03-07 17 Mgrs Prices. March SfflliPWffilffisS Siffl sir I S»“|? Q 3 3x2 3 5 i S 3 1 Mppmmnmi #W1’ if* r f<f©1i 1 2 s llSsllligMl fTt SS§3 i m n fls S3I gg*8 Sal 1 hS Wl iiii? J® ffi 3 1 3 lit 8 i 2115 words
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Article8670 1998-03-07 18 L INDUSTRIAL AND COMMERCIAL Transaction Date: March 6.1998 I 1997 98 Curr Last vol Day Grs Net M Cap Wt Avg High Low Company Traded Sale +or- 000 High Low Dlv P/E Smil Price 157 18 5 ACE Dynamic s60c 36 ASE NT910 200 US •1 818,670 words
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377 1998-03-07 20 Kalpana Rashiwala - District 11 house fetches bargain l.lm price By Kalpana Rashiwala A DISTRICT 11 house near Novena MRT Station has been auctioned off for a bargain-basement price of $l.l million about half the amount it could have fetched during the property boom two years ago. The five-year-old, three-storey freehold semi-detached home377 words
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Article, Illustration541 1998-03-07 20 Colin Tan - Reaction to Budget ’9B By Colin Tan THE cut in the state land supply for new homes in 1998 will not reduce the existing oversupply immediately but it may give home buyers a psychological boost, property consultants said last Saturday. This year’s541 words
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548 1998-03-07 20 Jean Chia - By Jean Chia THREE former Amcol executives were in the dock on Monday at the start of Singapore’s first criminal trial in which company directors are accused of failing to act honestly in their corporate duties. The trio had departed from548 words
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Page 16 Advertisements
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Advertisement17 1998-03-07 16 Visit The Straits Times Classified to start your holidays on the right foot. Classifications 573-587: Travel Guide17 words
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Page 21 Advertisements
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Advertisement846 1998-03-07 21 iiiiiiii m Nat Steel Nat Steel is one of Singapore's most dynamic industrial groups with diversified businesses in steel, industrial activities including construction products, chemicals and engineering, electronics as well as a properties and investment unit. We are now in an exciting phase ot regional expansion which offers excellent career846 words
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Page 22 Advertisements
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Advertisement920 1998-03-07 22 NANYANG TECHNOLOGICAL UNIVERSITY FACULTY APPOINTMENTS SCHOOL OF CIVIL AND STRUCTURAL ENGINEERING Applications are invited from qualified persons who possess postgraduate specialisation in one or more of the following areas: Structural Engineering Coastal/Offshore Engineering Geotechnical Engineering GIS/GPS Applications Rock Mechanics and Underground Space Studies Qualifications Applicants should possess a good honours920 words
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FORUM
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Article, Illustration292 1998-03-07 23 THE air disasters late last year and early this year have aroused enough attention to warrant another look at operational flight-safety regulations. In particular, the China Airline crash in Taipei, in which one of the alleged faults was the interference to the proper292 words
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435 1998-03-07 23 Incometax DURING the televised discussion between Finance Minister Richard Hu and a panel following the Budget last Friday, a partner of an accounting firm raised the issue of individuals having to pay taxes based on the previous year’s435 words
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Article, Illustration455 1998-03-07 23 BREAKING SCHOLARSHIP BONDS I WISH to express my support for the action taken by the Economic Development Board and the National Computer Board in naming the three scholars who broke their bonds (ST Weekly, Feb 28). The issues at stake are personal responsibility and455 words
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178 1998-03-07 23 WE REFER to the article “EDB and NCB name three scholars who broke bonds” (ST Weekly, Feb 28). We do not for a moment believe the position of the EDB and NCB that their intention was not to shame the bond-breakers. It178 words
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Page 23 Advertisements
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Advertisement128 1998-03-07 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, such128 words
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Article, Illustration796 1998-03-07 24 Ahmad Osman - Wage restraint will target variable payments instead By Ahmad Osman THE National Wages Council will call for wage restraint this year in the face of the current regional economic crisis, but it is unlikely to propose cuts to workers’ basic pay when796 words
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Article, Illustration254 1998-03-07 24 Europa makes $-for-$ match for pledges during show IT WAS a night when beehive hairdos and sideburns were in fashion again. It was also a night when television and theatre came together to Dring back the good old 1960 s by presenting Theatreworks’ hit English musical,Picture by DENISE TAN. - 254 words