The Straits Times : Weekly Overseas Edition, 11 April 1998
1998-04-11
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The Straits Times : Weekly Overseas Edition
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Title Section23 1998-04-11 1 The Straits Times Weekly Edition The Straits Times: Saturday April 11.1998 Price: S$ 1.20 (in Singapore) Elsewhere by subscription only MITA (P) 047/08/9723 words
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Article, Illustration739 1998-04-11 1 kOH BUCK SONG - A Straits Times survey finds that Singaporeans are largely unsliaken by the regional crisis Hu kOH BUCK SONG SINGAPOREANS appear unshaken by the current economic turmoil in the region, with nine in 10 of those polled in a Straits Times’ survey expressing confidence in739 words
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Page 1 Advertisements
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Advertisement86 1998-04-11 1 ST man wins UN contest Adam Lee, the man behind Adam’s Rib, pipped 278 other artists from 13 countries to come second in a contest organised by the UN Economic and Social Commission for Asia and the Pacific, pace 2 Winner no. 2 Woman wins $1 million When Mrs M.86 words
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PRIME NEWS
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458 1998-04-11 2 JOANNE LEE - Until the economic crisis is over, fewer precincts between 16 and 20 a year will be picked for interim upgrading Bu JOANNE LEE THE Housing Board's Interim Upgrading Programme (lUP) will be scaled back to between 16 and 20 precincts a year, until the economic458 words
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343 1998-04-11 2 THE Manpower Ministry’ is helping employers to keep on their payrolls those workers who will turn 60, before the retirement age is raised to 62 by law from Jan 1 next year. Those who raise the retirement age voluntarily before next year can apply to the343 words
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Article, Illustration363 1998-04-11 2 MAN BEHIND ADAM'S RIB CARTOONIST Adam Lee of The Straits Times seldom goes to bed before 4 am, because he prefers to w'ork while the world sleeps. Last Saturday, he woke to find that he had reached a different audience he hadSNIVEL CHf* - 363 words
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Article333 1998-04-11 2 DOUGLAS WONG - Bu DOUGLAS WONG MALAYSIA'S move to allow non-ethnic Malay investors to buy into bumiputra companies is not a short-term policy manoeuvre, Malaysian Deputy Prime Minister Datuk Seri Anwar Ibrahim said here on Thursday. He also said the 30 per cent bumiputra corporate ownership requirement would333 words
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386 1998-04-11 3 lAV PHALIWAL - SIA markets promotion package in all long-haul destinations. The target is transit travellers Hi lAV PHALIWAL A HOTEL room in Singapore for US$l a night? Yes, but only for Singapore Airlines passengers from certain destinations. Until Sept 30, SIA is offering them a386 words
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Article, Illustration430 1998-04-11 3 f JOANNE LEE - ADMINISTRATION ASSISTANT WINS LUCKY DRAW Hi f JOANNE LEE HER sister swore she was telling the truth at least 10 times before Mrs M. Vasugi believed that she had won a million dollars at the Courts Mega Bucks Draw last Saturday afternoon. The 46-year-oldWUNC POK Sl'l - 430 words
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358 1998-04-11 3 SUSAN SIM - By SUSAN SIM INDONESIA CORRESPONDENT JAKARTA Indonesia has a new deal with the International Monetary Fund. In what will be a third test of Jakarta’s international credibility as it seeks the resumption of a US$43 billion (5569.6 billion) bail-out, the latest agreement includes358 words
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HOME
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315 1998-04-11 4 N4RENDRA trX ARM 4JL - Singapore has come out tops again in Perc’s annual survey, as being the least corrupt. But there’s an unusual finding too hu By N4RENDRA trX ARM 4JL SINGAPORE still the ieaat corrjpt country in .Asia, an annual survey has once again found, but315 words
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Article, Illustration371 1998-04-11 4 DOROTHY HO - By DOROTHY HO TEACHERS will have a wider choice of educational software to use in class when the Education Ministry and Economic Development Board launch a programme to develop new titles. The target is to develop five software titles a year for the next threenwr.tLf.Ht. * - 371 words
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NEW CHAIRMEN AT TWO OF SINGAPORE’S TOP COMPANIES
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Article, Illustration329 1998-04-11 4 THE chairman of the Public Service Commission 'PSC,. Mr Hee Seng, will retire on Aug 1. the Prime Minister's Of. fke said on Monday. Dr .Andrew Chew will take over from him and step down from his current post as chairman. Central Provident Fund board.329 words
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Article300 1998-04-11 4 JEAN CHIA - *1 JEAN CHIA SINGAPORE Airlines (SIA chairman S. Dhanabalan is stepping down from his post early to head DBS Bank and will be replaced by Fraser Neave chief Michael Fam. Mr Dhanabalan will join DBS Bank on May 9. where he will take300 words
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Article, Illustration474 1998-04-11 5 AT A time when most of Singapore’s tourist markets are drying up because of economic problems, a growing number of visitors from India are coming to Singapore. In January and February, 33,790 of them visited Singapore, 16.2 per cent more than in the same period lastNCHANCUAN - 474 words
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414 1998-04-11 5 LEE SIEWHUA - Relatives of crash victims have hired American lawyers to represent them in civil suits against Silk Air and Boeing By LEE SIEWHUA US CORRESPONDENT WASHINGTON Family members of the Silk Air crash victims have hired American lawyers specialising in aviation disaster litigation to represent them414 words
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Article471 1998-04-11 5 PANGGEKCHOO - PROPOSALS TO BUILD COMPETITIVE WORKFORCE Btl PANGGEKCHOO THE Government came out last Friday in broad support of the various recommendations that a committee has put forward on how to build a world-class workforce. Deputy Prime Minister Lee Hsien Loong gave a preview of some of471 words
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Article, Illustration468 1998-04-11 6 CHANG AI-LIEN - Student winner receives high praise from MIT professor for program that allows people to draw 3-D images on the Net BtL CHANG AI-LIEN CHONG JIAYI is 17, and he has already been courted by computer firms from as far as Israel and the United States.LIANHEZAOBAO - 468 words
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Article592 1998-04-11 6 C’HL’A MCI HOONG - STORE'S BILATERAL FINANCING FOR INDONESIA By C’HL’A MCI HOONG I\ LONDON SINGAPORE will go ahead with its US$3 billion (Ss4.B billion) bilateral trade financing scheme for Indonesia, and with plans to expand it to cover other countries’ exports through the Republic, as well as to592 words
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344 1998-04-11 6 ALLISON LIM - ALLISON LIM FOUR clinics specialising in breast cancer will be set up in three hospitals by October to help diagnose and treat the disease early. These dedicated and multidisciplinary Breast Clinics will offer an environment sympathetic to women with breast complaints, Senior Minister of State344 words
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Article, Illustration273 1998-04-11 7 DAVID MILLER - A new special mentions courtroom in Portsdown Prison will hear cases of illegal immigrants and overstayers bil DAVID MILLER ILLEGAL immigrants and overstayers being held in Portsdown Prison will now have their cases mentioned behind prison walls, for the first time. The finishing touches are beingLAC COOK KONC - 273 words
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306 1998-04-11 7 TAN 001 BOON - UIL TAN 001 BOON COUPLES who file for divorce will soon have to decide who gets to keep the tlat even before they go to court. The move, said to be a world’s first, will save couples from the pain and legal costs306 words
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Article, Illustration392 1998-04-11 8 LEONG WENG KAM - The Chinese Heritage Centre’s 400-page encyclopaedia, consists of 66 essays by 5o scholars «1 LEONG WENG KAM A 400-PAGE encyclopaedia which surveys Chinese communities from different parts of the world, will be out in October. The Encyclopaedia On The Chinese Overseas will be392 words
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154 1998-04-11 8 THE Chief of Army, MajorGeneral Han Eng Juan, and the Chief of Air Force, Ma-jor-General Goh Yong Siang, will relinquish their respective appointments on July 1 this year. Maj-Gen Han will return to the Administrative Service while Maj-Gen Goh will join154 words
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Page 7 Advertisements
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Advertisement184 1998-04-11 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 ST184 words
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Page 8 Miscellaneous
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Miscellaneous1061 1998-04-11 8 RADIO SINGAPORE INTERNATIONAL (ENGLISH) PROGRAMME SCHEDULES 1100 1400 Hours (GMT) 6015 KHz (49M BAND) 6150 KHz (49M BAND) MONDAY 1100 News 1109 Business Market Report 1115 Arts Arena 1130 News 1135 Wired Up 1145 Newsline 1200 News/Weather (AsiaPacific) 1210 E Z Beat 1230 Business Market Report 1235 The Written Word1,061 words
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SPORTS
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253 1998-04-11 9 HARIRAT RAI - ATHLETICS «it HARIRAT RAI TWELVE coaches 10 from Singapore and two from China have been identified to take Singapore athletics into the next millennium. This was revealed on Monday to Timesport by Steven l>ee, the newly-elect-ed vice-president for training and selection of253 words
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Article, Illustration464 1998-04-11 9 SANTOKH SINGH - SAFFC’s Warriors put up strong display but fall to extra-time strike by Chinese Army SOCCER ai SANTOKH SINGH FIGHTING spirit proved inadequate as the Warriors went down to a "golden goal” by China’s Ba Yi in the Tiger Beer Battle of Kallang last Saturday464 words
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245 1998-04-11 9 NETBALL FIVE senior players who quit last year have returned to the fold, giving the Republic’s netball squad a boost for the annual Singapore-Malaysia Test in June. The Test matches will be held in Kuala Lumpur. Former co-captain Noraida Abdul Malik,245 words
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MALAYSIA
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Article, Illustration477 1998-04-11 10 Additional measures are being taken to resolve the water shortage in Klang Valley as the water level at dams remains low Bernama KUALA LUMPUR Deputy Prime Minister Datuk Seri Anwar Ibrahim last Saturday said the water level at dams in the Klang Valley was stillBernama - 477 words
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467 1998-04-11 10 CALL FOR SECOND LINK LEVY REVIEW Bernama JOHOR BARU There will be no further reduction in the toll rates on the second route linking Tanjung Kupang in Johor and Tuas in Singapore, said Public Works Minister Datuk Seri S. Samv Vellu last Sunday.Bernama - 467 words
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Article, Illustration264 1998-04-11 10 PENANG The government has traced an estimated MS2O billion (SSB.B billion) belonging to Malaysians in banks and finance companies in Singapore. according to Deputy Finance Minister Datuk Dr Alfiftiddin Haji Omar. He said a large number of assets belonging to Malaysians were also kept in264 words
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SOUTH-EAST ASIA
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Article383 1998-04-11 11 That is the extent of the devastation in the drought-stricken Indonesian province of East Kalimantan -AFP JAKARTA Fires have razed more than 180,000 ha of forest since the beginning of this year in the droughtstricken Indonesian province of East Kalimantan, reports said on Monday. Some-AFP - 383 words
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Article, Illustration506 1998-04-11 11 DOMINIC NATHAN - ASEAN STARTS HAZE ACTION PLAN DOMINIC NATHAN IN BANDAR SERI BEGAWAN PREVENTING new fires in Sumatra, the Riau province and the rest of Kalimantan will be Asean's top priority. It will be pursued at all costs, to ensure that the disaster in East Kalimantan doesTANSCAN ANN - 506 words
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467 1998-04-11 11 FOO YANG YANN - *!L FOO YANG YANN INDONESIA’S authorities, increasingly concerned about daily student demonstrations on university campuses over the past month, have told rectors to ensure that protests were confined to their campuses. Jakarta police chief MajorGeneral Hamami Nata, in letters sent to an undisclosed number467 words
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COMMENTARY
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Article560 1998-04-11 12 MONDAY April 6,1998 THE Administrative Service has acquired the mystique of an inner sanctum in Singapore's power structure. It is the seed-bed for permanent secretaries and heads of statutory boards. A decent number have gone on to serve in Cabinet and as big wheels in industry.560 words
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Article554 1998-04-11 12 WEDNESDAY April 8,1998 A UNITED States judge’s dismissal of the Paula Jones sexual harassment suit against President Bill Clinton came not a moment too soon. The world, not to mention the US. has been spared a spectacle that would have made the O. J. Simpson trial look like554 words
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Article, Illustration711 1998-04-11 12 SUNNY GOH - Eye On Hie Wodd !Zl SUNNY GOH THE seed of distrust had been sown long before Hongkongers w r ere crying foul over the unpopular decision by their judicial chief not to prosecute media mogul Sally Aw on fraud charges. During the sensitive handover period lastmwic ii.io - 711 words
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Article, Illustration851 1998-04-11 13 M. MRMALA - MY VIEW H'l M. MRMALA CHARITY begins at home, as the saying goes. Businessmen and other Singaporeans should try and remember this when the economic crisis hits home. Already, some charity organisations here are saying that thev will nave to review the851 words
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812 1998-04-11 13 TAN SAI SIONG - BY THE WAY By TAN SAI SIONG OF LATE, Singapore's youths have been put under the spotlight of adult scrutiny because the young nowadays are not content to be seen and not heard. The megawatt attention is the result of what some of812 words
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INSIGHT
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Article, Illustration1864 1998-04-11 14 Most Singaporeans are familiar with the outward trappings of the PAP, but very fete are aware of what goes on in its inner sanctum. KOH BUCK SONG lifts the veil on the cadre system and lesser known activities of the 10,000-strong riding1,864 words
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1269 1998-04-11 15 Bit WARREN FERNANDEZ - THINKING ALOUD Bi t WARREN FERNANDEZ WORLD Water Day, March 22, passed without a splash here. This, despite Singapore being ranked the sixth most watershort country in the world and the region being plunged into one of its worst water shortages ever. Reports have1,269 words
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Article, Illustration865 1998-04-11 15 KOH BUCK SONG - THE WEEK IN POLITICS KOH BUCK SONG THE first Cabinet change within this Parliament term happened last Wednesday National Development Minister Lim Hng Kiang took over from Trade and Industry Minister Y’ock Suan as Second Minister for Finance. The portfolio affected came865 words
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MONEY
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386 1998-04-11 16 IN A holiday-shortened threeday trading week, the benchmark Straits Times Industrials index bounced back as jitters at the start of the week gave way to guarded optimism. A rally on Wall Street pushed the Dow Jones Industrial Average above 9,000386 words
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Article66 1998-04-11 16 ST Industrials Index The Straits Times Industrials Index rose 42.54 points on the week to 1594.05. DAY CLOSE TURNOVER Monday 1549.93 (-1.58) 177.450 ($228.817m) Tuesday Wednesday 1573.09 (*23.16) 243.047 ($335.693m) Thursday Friday 1594 05 (*20.96) 223.664 ($372.814m) BT-M6A Index The BT-MGA Index rose 20.68 points on the66 words
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Article1908 1998-04-11 16 Company D«t« •nn Nat a am TV IV <$m> <$m> CPS TV LV (ctt) (Ctl) ABR Mar 31 P S.346L 0.296 12L 0.70 Acma Mar 20 P ***** 49 344 14.2 245 Actr Mar 13 P 23.662 ***** 14.3 196 Ac* Dynamics Mar 25 P 0.677 7.342L 0831,908 words
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Article181 1998-04-11 16 MIGHTS ISSUE ExBooks Acc 6 Company Ratio data cloto Paymt ST Capital Ono-for-ono GSS0.40 Apr 15 Apr 22 NA DBS Ono-for-flvo ®S$6.00 Mar 30 Apr 3 NA DBS-ForoIgn Onpfor-fivo 9SS6.S0 Mar 30 Apr 3 NA BONUS ISSUE ExBooks Company Ratio data cloto DBS Ono-for-ton Mar 30 Apr 3181 words
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Article25 1998-04-11 16 Company Right» laaue Material H One-forone®$0.20 PMI Three-tor-two 9 MSl.OO Company Bonue litue Flextech One-tor-tlve PMI One-tor-tour Sup Metal One-tor-two Want Want One-for-flve25 words
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Article88 1998-04-11 16 Company Place Courts C 22 Pandan Rd (6092T4) Apr 29 11.00am IMS A Penthouse of UOB SO Raffles Piece 61st Story UOB Plata 1 (*****4) Apr 25 12.00n Auric Pac A 65 Chulla St. 33rd Fir The Executive Club OCBC Centre (*****3) Apr 23 11.00am OUS A l88 words
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Article1269 1998-04-11 16 Payment Ex data Books close Pay data BBR5C b 20 Jun 25 Jul 2 Jui 15 Central Prop F 37.4 Mar 24 Mar 31 Apr 14 Chuan Hup 1 ITE Apr 29 May 6 May 20 ChuanSoon H10c b 3 Jui 9 Jul 16 Jul 28 Como inv1,269 words
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Article128 1998-04-11 16 P#ym#nt S*> tot# if Pay dat* Acma 50c r 15 Jul 2 Jul 9 Jul 22 Amt#* Enq 20c 1 7.STE Mar 25 Apr 1 Apr 13 Auric P«c 50c F 6 Apr 14 Apr 21 MayS BAT 21c F 112.8 Apr 13 Apr 17 Apr 29 BoultaaP128 words
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Article510 1998-04-11 17 TAN LI ENG - It shifts from regulatory to supervisory approach in efforts to develop financial sector «2. TAN LI ENG THE Monetary Authority of Singapore (MAS) announced last Friday a wide-ranging structural revamp to boost the Government’s drive to develop the Republic’s financial sector. In comes a shift from510 words
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Article, Illustration480 1998-04-11 17 JEAN CHIA - MOVE WILL SECURE FIRM A SEAT ON MALAYSIAN BOURSE Hi JEAN CHIA SINGAPORE’S Phillip Securities has agreed to pay Ms6o million (Ss26 million) for a stake in beleaguered Malaysian broker Halim Securities as well as assume some of its debt. Buying into Halim currently480 words
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Article143 1998-04-11 17 COUNTER RATES Buying 00 Sailing Singapore dollars to on* unit ot foraign currancy US dollar 1.5786 1.6130 Starling pound 2.6227 2.7143 Australian dollar 1.0305 1.0745 Canadian dollar 1.1000 1.1366 NZ dollar 0.8569 0.8959 CC unit 1.7706 Singapore dollars to 100 units ol foraign currancy Austrian schilling 12.1475 12.8097 Belgian143 words
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Article112 1998-04-11 17 Contract dote: April 9, 1998 Unit One mth 3 mth* 6 mth» 9 mth» 12 mth» Call valut date us 5 5'/. 57» 57. 57. 47» 14/4 AS 4/. 47. 47. 47. 47. 37. 15/4 NZS 9 9 87. 87, 87, 87, 15/4 STG 6’A 67, 67.112 words
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Article738 1998-04-11 17 Manager's prices: April 10,1998 Aberdeen Asset Mqt Alia Ltd Aberdeen S'pore Gr Fund 0 944-0 993** Aberdeen Sdldct Portfolio (ot NAV) 0.973** 0.863** AIB Govott (Asia) Ltd 0.889-0.934» 1.082-1137® Amorlcon Inti Assur AIA Unit Linked Fd 0.845-0.890# AIA Growth Fd AIA regional Equity Fd 1.125-1.185» AIA Regional Fl«ed738 words
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4025 1998-04-11 18 INDUSTRIAL t COMMERCIAL 1990 High Low Company Curt Last Traded Sale ♦orVol Day '000 High Low Cr*s Net M Cap Olv P/L Smil Wt Avg Price 43 18.5 e ACE Dynamics60c.... 32.5 •1 208 34 32.5 0.3 40.6 26.6 33 ASE NT$10 200..4,025 words
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Article843 1998-04-11 18 1998 High Low Company Curr Last Traaod Salt ♦or* Vol ‘000 Day High Low Cr's Div% Nat P/E M Cap $mll Wt Avg Prlca 134 92 e A8R Hidgs 5c 104 •5 9 106 104 46.3 113 243 76 e AS Auto 10c 195 ♦5 290 195 190 15.0N843 words
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Article1687 1998-04-11 19 BONDS, LOANS WARRANTS Transaction data: April 9,1998 1998 High Low Company Last Sal* ♦Of Vol ■ooo Day High Low Last Quota Buyyr Sallar Wt Avg Prlc* 235 9 m m AMD8c5.5%*****6 18 20.5 8 A Ac*r W*****1 US$ 13 <3 15 95 8.5 Acma W*****4 26 1.5 30 26 251,687 words
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Article1234 1998-04-11 19 Transaction data: April 9,1998 1998 Curr Last Vol Day Cross Nat M Cap High Low Company Tradad Sala ♦Of 000 High Law dlv P/E Smll MALAYSIAN STOCKS (in S$) 135 65.5 48 60 75 28 12.5 33 19.5 18.5 m 89 ♦0.5 422 91.5 88 5.0 359 91.31,234 words
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Article, Illustration458 1998-04-11 20 WILLIAM CHOONG - Others seek greener pastures: Improved pay trails as factor among workers who resigned from their jobs last year *!L WILLIAM CHOONG WORKERS who resign from their jobs seem more keen on getting a life rather than seeking jobs with better prospects and higher salaries,ADAM LEE - 458 words
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Article504 1998-04-11 20 Btf KALPANA RASHIWALA - SIMS VILLE, STRATFORD COURT NOW CHEAPEST CONDOS IN AREA By Btf KALPANA RASHIWALA THE property price war has moved to the east, with the developers of Sims Ville and Stratford Court offering the cheapest 99-year leasehold condos in that part of Singapore. They are504 words
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377 1998-04-11 20 SINGAPORE’S economic growth is likely to slow to a moderate 4.5 per cent this year as a result of the regional financial turmoil, the United Nations’ specialised agency for the Asia-Pacific forecast on Wednesday. This is at the top end of the 2.5-4.5377 words
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Page 21 Advertisements
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Advertisement1040 1998-04-11 21 yr The Straits Times Weekly Edition I NT (intraco) Intraco, a public-listed company with diversified businesses in Automobile, Commodities, Engineering Projects, Food Food Processing, Semiconductors, Telecommunications has immediate vacancy for: SENIOR ENGINEER The incumbent will be assigned to one of the divisions in the engineering and projects core business He1,040 words
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Page 22 Advertisements
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Advertisement1121 1998-04-11 22 Land Transport^^Authority PROPERTY DEVELOPMENT DEPARTMENT Senior Officer LTA is initiating the integration of property developments with MR I stations and other transport modes. You w ill be assigned responsibilities for project feasibility studies, property development, marketing, leasing or sale, including sale by tender, and building management. Good Degree from a1,121 words
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FORUM
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Article, Illustration573 1998-04-11 23 LET the recent US school massacre be a lesson to us. It is shocking and inconceivable that two children, as young as 11 years of age, could shoot their schoolmates in cold blood with automatic weapons and with such wild abandon.573 words
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Article194 1998-04-11 23 IN THE column “Offer amnesty to illegals before stiffening the penalties” (The Sunday Times, March 29), Mr Dominic Nathan proposed that they be granted an amnesty to induce them to come out into the open. On March 28, the Minister for Home Affairs said that illegal immigrants194 words
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Article61 1998-04-11 23 THE ERP is not, as reported in The Straits Times, the first of its kind in the world. Toronto implemented such a system last year. Users are charged monthly. Those who do not have a transponder device have a picture taken of their licence plate number61 words
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440 1998-04-11 23 IN HIS letter (ST Weekly, April 4), Mr Lee Siang said that the prices of studio apartments for the elderly are high. The new HDB studio apartments are purpose-built as a fresh housing option for senior citizens. The apartments are designed440 words
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Article, Illustration362 1998-04-11 23 I REFER to the columns by Mr Felix Soh (“The sinner, the vvino and the American newsman") and Mr Sunanda K. Datta-Ray (“Misuse of the media destroys public life"), two criticisms of the American media published in The Straits Times on April 3. I362 words
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Article522 1998-04-11 24 cm A Mi l HOONG - Europe does care and will do as much as it can to help Asia overcome its difficulties, he says cm A Mi l HOONG IN LONDON PRIME Minister Goh Chok Tong, describing a three-day summit of Asian and European leaders as a success, said522 words
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Article, Illustration764 1998-04-11 24 EDMUNDTEE - MAKING POSSIBLE FASTER GLOBAL TELECOMMUNICATIONS Hi) EDMUNDTEE SINGAPORE will have its first home-made micro-satellites in about four years, if plans to make them here lift off successfully. The Nanyang Technological University (NTU) school of electrical and electronic engineering plans to set up a facility to buildSource: NTU; Graphic, bv C CHANDKMJAS i>»t hi f DMIAI) TKK - 764 words