The Straits Times : Weekly Overseas Edition, 25 April 1998

Total Pages: 24
1 24 The Straits Times : Weekly Overseas Edition
  • 22 1 The Straits Times Weekly Edition Saturday April 25. 199 S Price: S$ 1.20 (in Singapore) Elsewhere by subscription only MITA (P) 047/08/97
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  • 511 1  -  In a strong signal to employers, Penal Code is changed to allow for stiffer punishment fit/1 PANGGEKCHOO STIFFER punishment now awaits employers who abuse their domestic maids, whether the maids are Singaporeans or foreigners. For certain offences, including hurting a maid or outraging
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  • 212 1  -  Oil GINNIE TEO NUMBERS matter. And this year's Professional Secretary of the Year scores 10 out of 10. While most secretaries serve only one boss, Madam Karen Quek, 38, works for no fewer than 10. And when she returns home, she is
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  • 306 1  -  By GERALDINE YEO AT LEAST five families who lost relatives in the Silk Air MIIBS crash last December have received letters from the airline, setting the compensation process in motion. But they have not acted on the letters, received in February, as they are unhappy
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  • Page 1 Advertisements
    • 27 1 Regional crisis a boon The turmoil has brought the two countries closer by making clear the need for them to work together, their prime ministers say. pace
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    • 33 1 Star Hub emerges victorious Consortium is the only winner in a three-cornered fight for the second basic telephone licence. It also clinches one of two mobile phone licences, page 24 8 "***** 1"*****6
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  • PRIME NEWS
    • 485 2  -  Countries’ leaders say the financial turmoil mates clear the need for them to work together B’J WARREN FERN ANDEZ THE regional economic crisis has brought Malaysia and Singapore closer by making clear the need for them to work together and the gains from doing
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    • 543 2  -  Bu_ TAN LI ENG BANKS are looking at charging customers for cheque usage. which at present is free. The Straits Times has learnt. A spokesman for the Association of Banks in Singapore said: “We are looking into levying charges for cheque usage to make the true
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    • 371 2  -  §1 SANDRA DAVIE THE world's first marine research institute in tropical waters will open this year at St John's Island. The Tropical Marine Research Institute is one of the two academies that the National University of Singapore is setting up this year, to boost ground-breaking
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    • 551 3  -  For fifth straightyear, it is world’s second most competitive country By NARENDRA AGGARWAL SINGAPORE has weathered the Asian economic storm successfully to retain second spot as the world’s most competitive country for the fifth year in a row. The Republic and Hongkong were tne only Asian
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    • 548 3  -  By TAN 001 BOON A MAI AYS lAN timber manager was sentenced to nine years’ jail and 16 strokes of the cane for a brutal attempt to rape a woman guest of a five-star hotel here. At about midnight on Sept 17 last year, Ho
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    • 549 3  -  Hi AHMAD OSMAN NATIONAL Trades Union Congress chief Lim Boon Heng on Tuesday unveiled six new programmes aimed at taking Singapore’s workers and the labour movement into the next century. Reflecting the wide economic and social role played by the NTUC, the programmes aim to
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    • 64 3 Skills Redevelopment Programme to upgrade and certify workers’ skills. Productivity Push programme for unionists and managers to work to make companies productive. Workplace health programme to promote healthy lifestyle and keep a lid on medical costs. Charity drives and Volunteer Corps to help the less fortunate. Reach
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  • PARLIAMENT
    • 520 4  -  §1 ZL'RAID AH IBRAHIM THE Prime Minister on Monday unveiled details of the US$3 billion (SS4.B billion) bilateral trade financing scheme for Indonesia, which will cover only domestic exports from here initially. It will be expanded to cover imports from Indonesia meant for
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    • 458 4 ILLEGAL immigrants and those who help them will face tougher penalties as part of the Government’s crackdown on foreigners coming here illegally, Home Affairs Minister Wong Kan Seng warned on Monday. Giving Parliament an update of the situation, he revealed that the number
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    • 408 4 IT WILL be death for those who are caught with more than 250 g of of the increasingly popular drug “Ice” if a new Bill introduced in Parliament on Monday is passed. The Misuse of Drugs (Amendment) Bill, which Home Affairs
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    • 397 5 SINGAPORE has to take measures to secure its water supply and not be content just because Malaysia has given verbal assurances it will continue to supply the Republic beyond what has been agreed to in the two existing water agreements. Trade and Industry
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    • 305 5  -  Mr Yeo C'heow Tong. THE Health Ministry supports the strong stand taken by the Singapore Medical Association (SMA) on the issue of doctors giving profit guarantees, Health Minister Yeo Cheow Tong said in Parliament on Monday. The SMA, a professional body for doctors, adopted a resolution
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    • 431 5 New rules will let investors choose from more fund managers, and fund managers will also get greater flexibility THE Government is looking into refining and liberalising the CPF investment scheme further, to give investors more options to invest with professional fund managers, Manpower Minister Lee
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    • 273 5  -  Changes to give maids more protection risk being unfair to abused wives, says one NMP. But another says they deserve special protection. Reports by Walter Fernandez, Chua Lee Hoong, Alison De Souza and Lea Wee “If we do not address this two-tier
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  • HOME
    • 404 6  -  An e-commerce system which will be adapted for all government bodies can save suppliers up to 10 days «a. EDMUND TEE THE Internet has allowed Mindef and several of its suppliers to save up to 10 days in purchase processes by cutting down on
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    • 358 6  -  Hi DAVID MILLER THREE motorists had a shock when their cars began sputtering shortly after filling up at an Esso petrol station in Lorong Chuan last Saturday morning. Esso said on Sunday that the problem had been traced to a hole in one of the station’s
      STKPHASn YEOW  -  358 words
    • 495 6  -  Hi LIM LI lISIEN THE Institute of Technical Education examiner accused of making sexual advances to a policeman in a public toilet was acquitted on Saturday. Siah Lin F'ook, 46, who is married and has four children, allegedly committed an act of gross indecency with Mr Mohammed
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    • 484 6  -  *!L ALLISON LIM A LOCAL study has found that mammograms special Xrays of the breasts can detect early-stage cancer equally well in Asian and Caucasian women. The result is contrary to earlier assumptions that a mammography would be ineffective in Asian women. Dr
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    • 247 7 HE IS a Buddhist monk who gave up the material world. But to help others, Reverend Ong Chong Hock, 37. keeps track of foreign exchange movements in order to clinch good rates when buying goods for the needy. As soon as a certain forex rate is favourable, he
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    • 456 7  -  The elderly in Marine Parade have access to a range of services, thanks to a project with the CDC Bjl BRAIMV MA TUI THE elderly in Marine Parade now have a range of community care services in their midst, from health
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    • 425 8  -  Each school will have at least one air-con room with air filters for pupils with breathing problems Reports by DOMINIC NATHAN EVERY school will have at least one air-conditioned room with air filters for students who suffer from breathing problems because of the haze. The filters,
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    • 217 8 ANGRY at living through a second year of the haze, a Sin-gapore-based Briton has launched an international private sector initiative. Mr Jeremy Cama, 42, aims to raise US$5O million (SsBl million) to fight the fires and start a long-term education campaign to prevent the haze
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  • Page 7 Advertisements
    • 148 7 Home Delivery weekly! A crisp summary of the week's major happenings in Singapore. Politics, business, the economy, investment opportunities, executives appointments... and highlights on Malaysia and the Asean. A convenient tabloid airmailed to you wherever you may be. Yes! Every week. Subscribe now. And be at home with the ST
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  • Page 8 Miscellaneous
    • 1061 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 Word
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  • SPORTS
    • 476 9  - Warriors beaten at last Champions sink to first defeat at Tigers’ den SOCCER Bu TAY CHENG KHOON BALESTIER Central created the first major upset of this season’s Tiger Beer S-League when it edged out high-riding Singapore Armed Forces FC 2-1 at the Toa Payoh Stadium on Wednesday night. Amidst the
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    • 402 9  -  BOWLING «it. CHAN TSE CHLEEN WATER and fire do not mix, so it is said. But on Wednesday at Orchid Bowl, they blended to perfection as Lim Zhong and Daniel Lim blazed the lanes to Singapore’s first gold on the second day of the
      LIM SI V TH AI  -  402 words
    • 250 9  - Yet again referee gets pelted with bottles at match SOCCER bjl THOMAS KOH REFEREE N. Santhan was again the target of fan abuse on Tuesday night and had to be escorted off the Tampines Stadium pitch after a tense 1-1 draw between the Stags and Woodlands Wellington. The man, who
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  • MALAYSIA
    • 600 10  -  The government is looking at groundwater as it explores new sources to meet demands By BRENDAN PEREIRA IN KUALA Ll MPI'R THE search for alternative sources of water is intensifying in Malaysia as several states face the prospect of water shortages in
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    • 356 10 surrender, he said. Bernama, New Straits Times KUALA LUMPUR Triggerhappy criminals killed 322 civilians and security personnel over the last five years, police said, defending their record of shooting dead suspected criminals. Criminal Investigation Department (CID) director Datuk Yaacob Md Amin on
      surrender, he said. Bernama, New Straits Times  -  356 words
    • 200 10 KUAI.A LUMPUR When Mr Lim Hock Chye went to a finance company to get a housing loan, the company had a surprise for him. He was told he had been declared a bankrupt, way back in 1985. when he was all of 14. Not believing this, he
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    • 349 10 SEVERAL doctors are believed to be prescribing fake pharmaceutical products to their patients, The Malay Mail reported. Customs and Excise Department enforcement officers discovered this w’hen going through a stack of documents seized from several syndicates producing the fake medicines, according to
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  • SOUTH-EAST ASIA
    • 389 11 Reuters, AFP JAKARTA Indonesia’s wave of anti-government student protests spread to the holiday isle of Bali on Thursday, where at least 12 people were injured in clashes between demonstrators and police, witnesses said. Thousands of students held a protest rally at
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    • 333 11  -  EDWARD TANG THAILAND CORRESPONDENT BANGKOK Thailand plans to send 210,000 workers overseas next year to ease soaring unemployment at home, a move which could earn the country about 100 billion baht (Ss4 billion) in foreign exchange through remittances. However, it will face an uphill task
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    • 542 11  -  It has met all the reform deadlines for April and expects its aid partners to disburse more than US$3 billion in loans REFORM IN INDONESIA ?x SUSAN SIM INDONESIA CORRESPONDENT JAKARTA Indonesia said on Wednesday that it had met "without exception” all
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  • COMMENTARY
    • 542 12 THURSDAY April 23,1998 UNIONS everywhere have a choice. They can resist the way business is done in the era of globalisation, and move towards obsolescence; or they can move forward with these changes, and reinvent themselves in the new age. The problem with the second approach
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    • 577 12 WEDNESDAY April 22.1998 IDEALLY, of course, there should have been no need to impose stiffer punishment or any punishment at all for that matter for abusing and ill-treating domestic maids, whether they are Singaporean or foreign. Ideally, such crimes should have no place in civilised society.
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    • 877 12  -  ALAN JOHN THE knives have been out ever since The Straits Times ran that report last week about a man who slapped an eight-year-old in a bookshop because the kid was noisy. Horror stories have spewed forth from readers, about little emperors, young
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    • 1004 13  -  MY VIEW Br, f IX RAID AH IBRAHIM DR PHYLLIS Chew is a brave woman. Those who have followed developments in the women's movement here would have read recently of her decision to bring more men on Ixiard the Association of Women for
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    • 825 13  -  BY THE WAY By TAN SAISIONG QING Ming has come and gone. The month for nonChristian Chinese Singaporeans and Chinese everywhere in the world to remember their ancestors is done with for another year. Other races and other religions too have special occasions for remembering their dearly
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  • INSIGHT
    • 1404 14 Taoism and Buddhism have commanded the faith and adherence of the Chinese population since the founding of Singapore. But while Buddhism has witnessed a revival, Taoism is on the wane. Why? Will initiatives such as the recent Taoist Dau reverse the slide? Will the faith be
      WONCHOKSEE  -  1,404 words
    • 476 14 TAOISM took its name and philosophy from the teachings of Laozi, a philosopher sage and mystic who lived in China in the sixth century BC. He was a senior contemporary of Confucius. His teachings are found in Daodejing, a terse 5,000-word philosophical discourse on “Tao",
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    • 1055 15  - Are S’pore-Malaysia relations really as rosy as they look THINKING ALOUD By Oil A LEE lIOONG PRIME Minister Goh Chok Tong and Malaysian Prime Minister Mahathir Mohamad met last Saturday for the official opening of the Second Link, a 1.9 km span of bridge joining Tuas to Gelang Patah in
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    • 896 15  -  THIS WEEK IN POLITICS KOII BUCK SONG SINGAPORE’S untiring drive to stay ahead of the economic competition was underlined by Deputy Prime Minister Lee Hsien Dwmg at the opening of Hitachi Nippon Steel's semiconductor plant last Tuesday. Even before its rivals can
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  • MONEY
    • 351 16 THE Singapore bourse weakened further this week, with the benchmark Straits Times Industrials Index losing its handle on the psychologically important 1,500 level. The STI Index fell 23.87 points, or 1.6 per cent, to 1,491-2 for the week. Investors were plagued by
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    • 77 16 ST Industrials Index The Straits Timas Industrials Indax dropped 23.87 points on the week to 1491.28 DAY CLOSE TURNOVER Monday 1510.39 4.76) 146.628 ($313.453m) Tuesday 1492.34 (-18.05) 158.417 ($370.436m) Wednesday 1475.52 (-16.82) 132.231 ($318.439m) Thursday 1495.86 (*20.34) 123.448 ($272.245m) Friday 1491.28 4.58) 104.744 ($197.288m) BT-MGA Index The
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    • 1877 16 Company 0«tt •AA Nat aarn TV LV <$m) ($m) EPS TV LV (cts) lets) A8R Mar 31 P 5.346L 0.296 12L 0.70 Acma Mar 20 P ***** 49 344 14.2 24.5 Acar Mar 13 P 23.662 32 481 14.3 19.6 Ac* Dynamics Mar 25 P 0.677 7.342L 083
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    • 161 16 RIGHTS ISSUC hBooks Ace Company Ratio date close Paymt ST Capital One-for-one Apr IS Apr 22 NA DBS One-tor-flve «SS6.00 Mar 30 Apr 3 Apr 26 DBS-Foreign Ona-for-flva »S$8.50 Mar 30 Apr 3 Apr 28 BONUS issue ElBooks Company Ratio date close OBS Ona-for-tan Mar 30 Apr 3
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    • 25 16 Company Rlqntt laaua OUE Two-lor-flva 8P $2.75 PMI Thraa-for-two M$1.00 Company Bonus Issua flaxtach Ona-for-fiva PMI Ona-for-four Sup Matal Ona-for-two Want Want Ona-tor-flva
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    • 90 16 Company Ploco Oat* Tim* Irmovest Bhd E Concord* Hotol. KL Ballroom, Lobby L*v*l Jin Sultan Ismail Apr 30 10.00am Courts C 22 Pondan Rd (*****4) Apr 29 11.00am UIS A Penthouse of UOB 80 Raffles Place 61st Story UOB Plata 1 (*****4) Apr 25 12.00n Datacraft E The
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    • 144 16 Payment [> data Spoilt close Pay data Acma 50c F 15 Jul 2 Jul 9 Jut 22 ACMB F 4 Jun 15 Jun 22 Jul 9 Auric Pac 50c f 6 Apr 14 Apr 21 May 5 BBR Sc t 20 Jun 25 Jul 2 Jut IS BAT
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    • 1267 16 Payment <%> Ex date Boeks close Pay date ChuanSoon HIOc b 3 Jul 9 Jul 16 Jul 28 CheungKonq HkSOc F 2 46 May 5 May 20 May 29 Cosco Inv F 2 Jult Jul 8 Jul 17 CWT 25c b 10 Jun 1 Jun 8 Jun 19
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    • 390 17  -  By KALPANA RASHIWALA BUSINESSMAN Ong Beng Seng’s Hotel Properties Ltd (HPL) is negotiating to sell part of its stake in the £385 million (551.02 billion) Canary Riverside development in London’s Docklands to project partner Government-linked Pidemco Land, said sources. Mainboard-listed HPL has a 50
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    • 111 17 Contract date: April 24, 1998 Unit Out mth 3 mthi 6 mth! 9 mthi 12 mthi Cell Value data US 5'/» 5/. SV, SV* 47. 28/4 AS 47. 4’/. 4V, 4V, 4V. 37. 28/4 NZS -.77. 7V, TV. 7V. 77, 7V. 28/4 STG 6”/» 67. 67. 6'V,
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    • 144 17 COUNTER RATES Buying 00 Selling Singapore dollars to one unit ot foreign currency US dollar 1.5690 1.6007 Sterling pound 2.5923 2.6804 Australian dollar 1.0126 1.0551 Canadian dollar 1.C037 1.1192 NZ dollar 0.8691 0.9078 SC unit 1.7683 Singapore dollars to 100 units of foreign currency Aust'ian schilling 12.1783 12.8232 Belgian
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    • 777 17 Manager s prices: April 25,1998 Aberdeen Asset Mgt Ada ltd Aberdeen S'pore Gr Fund 0.898-0.944” Aberdeen Sdact Portfolio (at NAV) 0.959** 1.021** 0.929* 0.858** AlB Gavatt (Ada) Ltd Govett Asia Pacific Growth Fd 0.862-0.906® American Inti Aiaur AIA Growth Fd 0.834-0.8788 AIA Regional Fixed Income Fd 0.960-1.0118 Alliance
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    • 512 17  -  FIRST-HALF EARNINGS BrL JEANCHIA SINGAPORE Press Holdings (SPH) has reported a 1.5 per cent fall in group interim net profit to $169-9 million due to an unexpectedly large decline in investment income. Investment income for the six months to end-February plunged 60.3 per cent to
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    • 202 17 DIVERSIFIED magazine distributor Times Publishing on Monday reported a 35.4 per cent drop in interim net profit to $8.14 million, hurt by the regional financial crisis. Pre-tax profit fell 26.6 per cent to $13.4 million due to a $5.1 million loss incurred by fund managers. Turnover
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    • 3631 18 Transaction date: April 24,1998 INDUSTRIAL COMMERCIAL 1998 Hiqh Low Company Curr Last Traded Sale ♦Of Vol Day ‘000 Hiqh Lew Gr's Net M Cap Wt Avq Div P/E $mll Price 43 18.5 e ACE Dynarmcs60c 27 -1 27 26 0.3 33.8 22.1 27 ASE NTS10 200.... USASFUS1C100
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    • 848 18 1998 High Low Company Curr Loot Tradod Salo ♦orVol '000 Day High Low Gr's Oiv Nat P/C M Cap $mil Wt Avg Prlca 134 92 0 ABR Hldqs 5c 104 unch 1 104 104 50.7 103 243 76 e AS Auto 10c 103 unch 29 185 183 15.ON 15.3
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    • 1682 19 BONDS, LOANS WARRANTS Transaction date: April 24,1998 1998 Last Vol Day Last Quote Wt Avg High Low Company Sale ♦Of •000 High Low Buyer Seller Price 23.5 9 m m AMDS C5.5H*****6 13 12.5 13.5 20.5 8 A Acer W*****I US$ 13 12 13 95 8 5 Acma W*****4 21
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    • 1360 19 Transaction date: April 24,1998 1998 High Low Curr List Company Traded Sal* Vol ♦Of 000 Day High Low Cross Jiy Net P/t M Cap $mll MALAYSIAN STOCKS (in S$) 135 28 m AISB 50c 68.5 •2 156 70 68 5.0 28.5 70.3 65.5 12.5 m AMDB50C 30 unch
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    • 324 20  -  Hu NIRMAL GHOSH PHILIPPINES CORRESPONDENT MANILA Singapore’s Keppel Group conglomerate is eyeing a stake in Bonifacio Land Corp (BLC), the private sector consortium developing a futuristic, 215 ha global city next to the Makati Business District, according to a Philippine official. The chairman of
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    • Article, Illustration
      96 20 They are a formidable rustle of bustle, these racks of blueprints at the site office of the Dhobv Ghaut MRT interchange project. Administrator T. Saito of Obayashi Corp is reaching for one of the vast number of plans needed for the $268 million job, which involves building
      \ziz missis  -  96 words
    • 382 20  -  «7 NARENDRA AGGARWAL SINGAPORE'S critical non-oil domestic exports rose a higher-than-expected 9-6 per cent last month, led by strong demand for electronics goods from the US and the European Union. However, analysts warned that much of this growth was a result of the cheaper Singapore
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    • 330 20 PLANNED BINARIANG STAKE SINGAPORE Telecom is expected to undertake due diligence on Malaysia’s Binariang group soon as it proceeds with its plan to take a stake in the telecommunications giant. AFX-Asia reported on Wednesday that the companies were negotiating the sale of a
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    • 140 20 SEMICONDUCTOR services firm Sunright on Wednesday reported a better-than-expec-ted 19 per cent jump in interim net profit to $5.8 million but warned of a difficult second half. The mainboard-listed group’s turnover rose 30 per cent to $100.4 million for the six months to end-January. Executive chairman
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  • Page 21 Advertisements
    • 828 21 The Straits Times Weekly Edition ***** ARAR Opportunity to join The Best in Banking. DBS Bank, Singapore's largest local bank, invites self-driven, dynamic individuals to join its team of able and dedicated staff. LEGAL OFFICER The Legal Officer will provide corporate secretarial duties and corporate legal advisory work to the
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  • Page 22 Advertisements
    • 968 22 SINGAPORE POWER Singapore Power invites suitably qualified candidates for the post of: MANAGER/ SENIOR SYSTEMS ANALYST Requirements: Degree in a computer discipline from a recognised university or equivalent qualifications A minimum of 5 years' experience in managing 3-shift computer operations, including Computer Centre, Data Preparation, Production Control and Storage Library
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  • FORUM
    • 791 23 THIS is in reply to the letter, “Use skills fund to retrain the laid-off' (ST, April 18), by Mr Patrick Low Soh Chve. He made the following suggestions: That the Skills Development Fund (SDF) be used to retrain retrenched workers and subsidise their
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    • 169 23 I READ that the Ministry of Health will “scrutinise more closely and conduct more intensive medical audits on those medical establishments which are at greater risk of compromise of professional or ethical standards” in the report, “Govt backs SMA’s stand” (see Page 5).
      JAHAN  -  169 words
    • 192 23 THE bank cartel has worked to the detriment of consumers. There is a need for more competition so consumers will not be held hostage by local banks. In view of the current economic crisis, the local banks, by banding together to impose charge after charge first the
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    • 393 23 I AM writing in response to the article “When noisy kids ruin calm in public places” (ST, April 13). Several weeks ago, my sister and I were in a small crowd just outside Cold Storage at Centrepoint, looking at some dumplings. Suddenly, a rude and
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    • 210 23 IDO not believe any child should be physically disciplined by anyone other than a member of the family. But I must also admit to cheering silently when I read about the man who slapped a child for misbehaving in an MPH store. There have been many
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  • 456 24  -  Consortium led by Singapore Technologies, Singapore Power gets mobile phone licence too *L Tammy Tan STARHUB. the consortium led by Singapore Technologies and Singapore Power, nas emerged the sole winner in a three-cor-nered tight for the second basic telephone licence. The group, which also comprised British
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  • 211 24 THE two new mobile phone licensees, Star Hub and P2P Communications, plan to invest between $5OO-700 million each over the next few years in their networks. They plan to offer two different technology standards: Star Hub will offer a GSM 1800 service, while P2P Communications will
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  • 326 24  -  Bu CHANG AI-LIEN IMPORTED food is reaching homes here the day it arrives in Singapore instead of taking three to four days and it is guaranteed fit for consumption. This is because the Primary Production Department (PPD) has new equipment which can check all
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  • 285 24  -  “1 JASBIR SINGH SIXTEEN people were arrested on Wednesday at a Golden Mile Complex flat which had casino equipment, special restrooms for gamblers, shades on the windows to veil them from prying eyes and a tiny surveillance camera at the front door. A syndicate had
    STEPHANIE YEOW  -  285 words