The Straits Times : Weekly Overseas Edition, 27 June 1998

Microfilm: NL21358
Total Pages: 24
1 24 The Straits Times : Weekly Overseas Edition
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  • Title Section
    Masthead
    20 1 The Straits Times Weekly Edition Saturday June 27,1998 Price: S$ 1.20 (in Singapore) Elsewhere by subscription only MITA (P) 047/08/97
    20 words
  • Article
    Less restriction on CPF investments
    545 1  -  Relaxed rules now give CPF members flexibility in investing CPF savings in approved banks «1 TAN LI ENG RESTRICTIONS governing the placement of Central Provident Fund (CPF) savings as fixed deposits with approved banks will be lifted, said the CPF Board yesterday. It has decided
    545 words
  • Article, Illustration
    Lock icon BEATING THE DEADLINE:
    83 1 BEATIN6 THE DEADLINE: They came in droves to Singapore Immigration and Registration on Thursday to save time and money. As they stood in line, they muttered that they would be more careful from now on. Yes, losing one’s identity card will be costly from next month, as
    MI'HWIMADSIUH  -  83 words
  • Page 1 Advertisements
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  • PRIME NEWS
    • Article, Illustration
      Lock icon Thomson residents set satay record
      147 2 IT WILL go a long way towards getting into the Guinness Book of Records. And it may stick there for some time. It was an enormous. 83mlong stick of satay. And it took a line of more than 100 people to lift it onto a
      STEPHANIE YEOW  -  147 words
    • Article, Illustration
      Ex-Finance Minister Daim rejoins KL Cabinet
      502 2  -  He is now with a portfolio created to help implement economic recovery plans BRENDAN PEREIRA IN KUALA LUMPUR FORMER Finance Minister Tun Daim Zainuddin is back in government, with a speciallycreated portfolio to help him implement economic recovery programmes. A statement from the Prime
      502 words
    • Article
      Fake MCs: 21 Cisco officers in court
      311 2  -  By LIM SENG JIN TWENTY-ONE Cisco officers were charged in a district court on Tuesday with using fake medical certificates to skip work. The 20 men and one woman. all Malaysians aged between 21 and 35, admitted handing in forged MCs of the
      311 words
    • Article
      Asian crisis: Call for global leadership
      490 2  -  §IL ZURAIDAH IBRAHIM THE world needs decisive global leadership by the US, Japan and China now or the Asian crisis can get much worse, warned Information and the Arts Minister George Yeo on Tuesday night. “Like all crises, this Asian crisis will either strengthen
      490 words
    • Article
      Positive growth still likely this year
      448 3  -  A technical recession is possible, but strong first-quarter growth may produce positive figure «2 WALTER FERNANDEZ SINGAPORE may chalk up two consecutive quarters of negative economic growth this year and therefore slip into what is technically defined as a recession, said Deputy Prime Minister
      448 words
    • Article, Illustration
      Lock icon President's tea for Everest team
      323 3  -  *!L ALLISON LIM PRESIDENT Ong Teng Cheong wished Everest team leader David Lim a speedy recovery on Tuesday when he hosted a tea reception at the Istana to welcome home the members of the Everest Expedition. The team had planted the Singapore flag on top
      CHEW SENC KIM  -  323 words
    • Article
      BG Lee, Sim Wong Hoo are 'Stars of Asia'
      276 3 DEPUTY Prime Minister Lee Hsien Loong and local entrepreneur Sim Wong Hoo have been named by Business Week as two of 50 people who will play leading roles in bringing Asia out of its worst economic crisis in half a century.
      276 words
    • Article
      Heroin haul up, two rings busted
      387 3  -  §!L JASBIR SINGH THE amount of heroin seized by the Central Narcotics Bureau has gone up, with a haul of more than 100 kg of the drug so far this year. This amount has already exceeded the heroin haul for the whole of last
      387 words
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  • HOME
    • Article, Illustration
      NUS, NTI research tie-up with MIT
      318 4  -  They will strive for excellence by working with MIT in engineering research and postgraduate work Oil SANDRA DAVIE THE engineering faculties of the National University of Singapore and the Nanyang Technological University will team up with world-renowned Massachusetts Institute of Technology (MIT) to do
      318 words
    • Article, Illustration
      Lock icon ZOO'S SECRET:
      96 4 ZOO'S SECRET: These endangered Maned Wolf cubs were among 26 of the zoo’s 27 endangered species to be bred successfully. One of the secrets to the zoo’s successful breeding programme and its good track record in conservation, Ambassador-at-large Tommy Koli said at the Singapore Zoological Gardens’ 25th anniversary-
      AI.PHONSOCHAN  -  96 words
    • Article
      SilkAir crash 'will remain mystery'
      430 4  -  *L RAV DHALIWAL THE cause of the Silk Air crash in Palembang is likely to remain a good guess as answers are unlikely to emerge from the current investigation, an official of the International Federation of Airline Pilots’ Associations (Ifalpa) said. “In order to investigate,
      430 words
    • Article
      Tips on being world-class
      491 4 SINGAPORE'S two universities need to broaden their curriculum. boost research and attract the best talents in order to become world-class in engineering. These were some of the other recommendations that a 25member team from the Massachusetts Institute of Technology (MIT) made in its report to the
      491 words
    • Article
      Influx of foreign talent may 'destabilise S'pore'
      503 5 FIRST ANNUAL FEEDBACK CONFERENCE CONTROL the flow of foreign talent into Singapore instead of letting market conditions dictate how many of them should come in, said some participants at last Saturday’s first annual Feedback Conference. The issue of attracting foreign talent into Singapore
      503 words
    • CULTURE: Bridging the gap
      • Article, Illustration
        Sparking ideas for culture
        526 5  -  A renaissance for Chinese culture is needed, and art can build a bridge for other cultures, say speakers at a forum Hi/ RAO CHEN mid CHIN SOO FANG USE art to build a bridge to Chinese culture so that other cultures can see its “whole cultural
        526 words
      • Article
        Spore can ‘help culture develop'
        315 5  - Spore can ‘help culture develop By CHIN SOO FANG SINGAPORE can emerge as an important centre for Chinese culture and contribute to its development though it is a multiracial society. It could even draw from the cultures of the other ethnic groups here and serve as a bridge between the
        315 words
      • Article
        'Economies in open societies have edge'
        335 5  -  BjL KAO CHEN HAVING an open society is the best competitive edge for the economy, said Professor Charles H.C. Kao at the forum on Chinese culture. “Only an open society can draw' the best of talent, technology and capital from the world,” he said.
        335 words
    • Article, Illustration
      Lock icon Malaysian private sector proposal to supply water
      597 6  -  A 180-km pipeline to carry water from a Pahang river to Singapore is part of a project in a study to privatise water supply in Malaysia «2. DOMINIC NATHAN SINGAPORE'S future water needs could be met through a 180-km pipeline earning water from
      FABIAN CHAN MIN-FAY  -  597 words
    • Article, Illustration
      Under probe for indecent exposure
      509 6 POLICEMAN WHO SHOT HIMSELF TWO days before he shot himself at Peirce Reservoir park, policeman Ben Lim Tze Chiang, 19 (right), was arrested by Ang Mo Kio police for allegedly exposing himself to a 13-year-old schoolgirl at the voiddeck of a HDB block in Yishun.
      509 words
    • Article
      Economic woes hit water transfer plan
      282 6  -  BRENDAN PEREIRA in KUALA LUMPUR ONLY parts of an ambitious Malaysian plan to transfer water from resource-rich states to Penang, Selangor and Singapore are likely to go ahead, no thanks to the economic crisis. The Straits Times understands that the needs of Malaysian states
      282 words
    • Article
      AMP to set up new research body
      247 6 THE Association of Muslim Professionals is setting up a think-tank to boost research works on the community, Islam, and Singapore society. Known as Rima, or the Centre for Research on Islamic and Malay Affairs, it will draw on Malay-Muslim community leaders, academics and
      247 words
    • Article
      Sentosa to get food village, spa
      368 7  -  By year’s end, a complex will oner dining, an entertainment show, as well as a resort spa Bt RAV DHALIWAL A NEW waterfront food village and resort spa will come up in Sentosa by the end of this year. Canals about 2-m wide will
      368 words
    • Article, Illustration
      Lock icon Puppies die after stressful journey here
      472 7  -  Bu GINNIETEO NEWLY-WEANED puppies, barely two months old, are being brought into Singapore before they are strong enough to travel. Many fall ill or die after the traumatic journey. So, Singapore vets want the two-month minimum import age raised. Dr Tan Hwa Luck of
      AI.PHONSOCHAN  -  472 words
    • Article, Illustration
      Lock icon Posh but cheap, and open to all
      248 8  -  The newly-renovated Tangiin Community Club may look exclusive, but it is open to all *L KARAMJIT KAt R IS THIS a community club or a country club? At first glance, the renovated Tangiin Community Club looks no different from a posh country club.
      U.PHONSOCI!\S  -  248 words
    • Article
      Big jump in number of snatch theft victims
      320 8 THE number of people who fell victim to snatch-and-nin thieves has risen sharply. The latest snatch theft figures from the police show a 72 per cent increase in the first five months of this year against the same period last year. Police
      320 words
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  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      189 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
      189 words
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  • Page 8 Miscellaneous
    • Miscellaneous
      Page 8 Miscellaneous Column 1
      1062 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
    • Article, Illustration
      Lock icon Poh-fect day at Sembawang
      412 9  -  GOLF By S. Ml RAM THE Poh brothers turned the Sembawang PGA Golf Championship into a family affair with a 1-2-3 finish on Thursday. Poh Eing Chong won the event with a two-under-par 70 at the tricky Sembawang Country Club course, his two-round total of 142
      JIKHYSKH  -  412 words
    • Article
      Christel, Daphne for KL
      116 9  -  SWIMMING BIL CHAN TSE CHUEEN SOUTH-EAST Asia Games bronze-medallist Christel Bouvron re-wrote her National Under-14 records in the 200 metres freestyle and 200 m butterfly during the Commonwealth Games selection trials on Tuesday night. She also beat the Commonwealth Games qualifying marks for both these events.
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    • Article
      Youngsters disappointed
      303 9  -  LION CITY CUP SOCCER By SANTOKH SINGH CONTROVERSY in Singapore’s player selection overtook football talk in the on-going Lion City Cup tournament. As Singapore A fought valiantly against India in the un-der-16 competition’s semi-final on Thursday night, terrace talk at the Jalan Besar Stadium centred on the dropping
      303 words
    • Article, Illustration
      Remy sizzles with 222 average
      397 9  -  BOWLING JOSEPH DAWES NATIONAL and youth team bowler Remy Ong garnered 1,332 pinfalls the highest tally over six games on Thursday at Victor’s Superbowl to secure a place in the Masters leg of the Landmark Youth Challenge. In the process, he also emerged as the
      397 words
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      206 9 GAIN A STRATEGIC UNDERSTANDING OF THE ASIA PACIFIC REGION I 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, the MA in Asia Pacific Studies is an internationally recognised Master's level programme from
      206 words
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  • MALAYSIA
    • Article
      Mahathir rebuts cronyism charges
      538 10  -  Prime Minister releases lists and shames Umno Youth chief who had accused him of nepotism By BRENDAN PEREIRA IN KUALA LUMPUR DATUK Seri Dr Mahathir Mohamad yesterday refuted Umno Youth chief Datuk Ahmad Zahid Hamidi’s charges of cronyism and nepotism in the party, and then shamed
      538 words
    • Article, Illustration
      Lock icon I was only trustee, not shareholder, says Zahid
      289 10 -Bernama KUALA LUMPUR Umno Youth chief Datuk Ahmad Zahid Hamidi defended his involvement in a privatisation project, saying that he was included in his capacity as a trustee of a foundation. In the list of recipients of Krivatised projects released y the
      -Bernama; THE STAR  -  289 words
    • Article
      A gloomy six months ahead
      413 10  -  *L RAVI VELLOOR THE next six montfes wfH resim economic front wnch could well see a collapse ef the property sector, says a leading Malaysian economist. “Many manufacturers are scaling down, retrenchments are growing. The larger economy is beginning to foal the jpmch qriy qtm.
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    • Article
      Johor tourism fine, thanks to S'poreans
      264 10 JOHOR BARU The tourism sector in Johor is still largely dependent on arrivals from Singapore, state Tourism Committee chairman Datuk Jimmy Low Boon Hong has said. He was quoted by The Star last Saturday as saying that apart from day-trippers who come for shopping
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  • SOUTH-EAST ASIA
    • Article
      Expect no miracles, says Estrada
      471 11  -  He takes a reality check, worries about the arduous task ahead and urges his people to pull together By MRMAL GHOSH PHILIPPINES COK RESPOND FAT PRESIDENT-ELECT Joseph Estrada, set to take over leadership, told businessmen he was “worried because people expect so much" of him
      471 words
    • Article, Illustration
      Lock icon Beds threaten to put Marcos family on trial
      477 11  -  By MRMAL GHOSH PHILIPPINES CORRESPONDENT MANIIA Former First \ady of the Philippines Imelda Marcos and her children were assigned bodyguards by President Fidel Ramos on Monday following a communist threat to kidnap and try them for “grave crimes against the people”. The
      PHILIPPINE DAILY INQCIHLK  -  477 words
    • Article
      $1.1b Thai-S'pore project
      435 11  -  By EDWARD TANG THAILAND CORRESPONDENT LAEM CHABANG (Thailand) Construction of the ThaiSingapore 21 (TS 21) Industrial Estate, the republic’s largest investment in this country, will begin in October, according to an official of JTC International, the Singaporean company that invested in the joint venture. ‘The construction of
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  • COMMENTARY
    • Article
      Foot-dragging in Apec
      610 12 FRIDAY June 26,1998 TRADE ministers of the Asia-Pacific Economic Cooperation (Apec) fonim have little to show for their meeting in Kuching this week. Worse, the moves towards freer trade in Apec could stall unless its key members, notably Japan, show political will and get on with it.
      610 words
    • Article
      Chance for Cambodia
      565 12 WEDNESDAY June 24,1998 CAMBODIAN strongman Hun Sen looks hard to beat when his country goes to the polls next month. Given the way he has used his powers of incumbency to sew up the ground and lure voters away from the fractious opposition parties, he appears pretty
      565 words
    • Article, Illustration
      Do more for the disabled
      862 12  -  SECOND LAST WORD H,, TOIONC AH SENG NEW York City has a reputation for being a tough place. New Yorkers do talk somewhat brusquely, and everything moves at an unrelenting pace, not unlike Singapore, if not more so. On a recent visit, however, I saw
      862 words
    • Article, Illustration
      Lock icon Advancing society needs a greater flow of information
      959 13  -  MY VIEW K,j KOII BUCK SONG AMID some current developments in Singapore society, there is one vital missing ingredient a greater flow of information. No one is asking for a flood. But there is a need to examine if the dam need
      i.rowic ii.io  -  959 words
    • Article
      Shorten tenure for homes
      927 13  -  BY THE WAY K'J TAN SAI SIONG STUDIO flats for the elderly now in the making by the Housing Board have been pronounced a suitable and successful solution to the housing needs of Singapore's fit and independent aged. Since these were launched on March 25 this
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  • INSIGHT
    • FEEDBACK UNIT SURVEY ON PUBLIC PERCEPTION OF GOVERNMENT
      • Article, Illustration
        More say on policies, please
        1339 14 More say on policies please A neic poll shows that while Singaporeans trust the Government to run the country, only 22 percent thinks it consults them enough. Why do they think thatflUSM DE SOUZA reports. LAST Saturday, 400 Singaporeans attended the first Feedback Conference, yet another of the many national
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      • Article
        Consultation need not mean indecision
        488 14 REFORM Parliament, make government more transparent and let alternative newspapers flourish. These are some of the ideas thrown up by three feedback groups which have been discussing the dilemma of how to reconcile the desire for consultation with the need for decisiveness. The groups on
        488 words
    • Article
      S'poreans, fight racism for self-respect
      1057 15  -  THINKING ALOUD a, i i ZURAIDAII IBRAHIM THE last row of flight MI 757 from Phuket to Singapore on June 10 was empty, but soon after the plane took off, four Caucasian men in their 30s bounded down the aisle and plonked themselves there. They
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    • Article
      Few surprises in promotions of new MPs
      848 15  -  THIS WEEK IN POLITICS By KOH BUCK SONG WERE the three new front-bench appointments announced recently surprising? Well, yes and no. That Mr David Lim, an MP for Aljunied GRC, was sworn in as Minister of State (Defence) last Monday only confinpod the
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  • MONEY
    • Article
      Investors spooked off by low level of yen
      355 16 THE Japanese yen was at fault this week for the Singapore stock market malaise. Investors were spooked off as the Japanese currency tested the 140 yen level against the greenback. When in doubt, buyers steered clear of the Singapore bourse and the
      355 words
    • Article
      DAY-TO-DAY STOCK INDICES
      77 16 ST Industrials Index The Straits Times Industrials Index dropped 37.34 points on the week to 1085.59. DAY CLOSE TURNOVER Monday Tuesday Wednesday Thursday Friday 1098.45 (-24.48) 1082.25 (16.20) 1074.85 7.40) 1069.83 5.02) 1085.59 (*15.76) 89.839 ($252.918m) 77.693 ($152.017m) 89.596 ($188.089m) 84.095 ($198.429m) 117.760 ($209.613m) BT-MGA Index The
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    • Article
      CORPORATE RESULTS
      1891 16 Company Dltl •on Nat earn TV LV ($m> (Sm) EPS TV LV (cts) feta) AsiaPac Brow Jun 12 1 37 235 49 462 14.7 19.5 As-aPac Land* Apr 30 P 3.707 36.089 0.50 5.10 AmHMi Bnd* Mar 31 *****7L 64 863 47L 5.20 Amara H Mar 26 P
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    • Article
      DIVIDENDS ANNOUNCED
      1251 16 Payment lets) Cx date Boohs CIOS* Pey date MBM Print 10c r 0.1TE Jul 6 Jul 13 Jul 23 H Grand Central F 4 Jul 7 Jul 14 Jul 31 He«za b 1 Sep 17 Sep 24 Oct 8 Hiao Moh 25c F 1.25 Jul 1 Jul 8
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    • Article
      APPROVED ISSUES
      213 16 RIGHTS ISSUE Company Ratio Exdata Books clota Ace i Paymt Pac Contury Six-for-tan ASS1.00 Jun 24 Jull NA BONUS ISSUE ExBooks Company Ratio data clota Salt sun Enq Ona-for-fiya Jun 19 Jun 26 Jul 8 Zaqro Ona-for-ona Jull Jul 8 Jul 23 Liang Huat Ona-for-ona Jut 2 Jul
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    • Article
      PROPOSED ISSUES
      31 16 Company Rights Issue AsiaMatnx one-for-ten (each wrt with 3 Wrts carrying tor each 10 Rtsto sub) existing shares »80c Company Bonus Issue Eastern Pub One-lor-two RotOI One-tor-one Metalock two-tor-one
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    • Article
      COMPANY MEETINGS
      56 16 Company Date Time LI Xln A Conference Rm No 9 Woodland! Terrace Woodlands East Ind Est Jun 30 10.00am Broadway tnd A IS Enterprise Rd Jurong S’pore (*****4) Jun 30 4.00pm Alliance Tech A ATD Boardroom 139 Joo Seng Rd «06-01 (*****2) Jun 30 9.00am A: ACM. C:
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    • Article
      DIVIDENDS ANNOUNCED
      269 16 Payment (et.) Ex date Books close Pay date Acma 50c F 7.5 Jul 2 Jul 9 Jul 22 Apollo F 1 Jul 1 Jul 8 Jul 20 AsiaPac Brow 1 9 Jun 30 Jul 7 Jul 17 AV Jennings 25c F 2.4 Jul 2 Jul 9 Jul 22
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    • Article, Illustration
      CityDev's first EC 40% sold
      459 17  -  Good take-up in first 2 days due to deferred payment and $40,000 CPF grant for first-time buyers Bif KALPANA KASHIWALA CITY Developments has sold 195 units of its maiden executive condominium. The Florida, or almost 40 per cent of the 496-unit project in the first
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    • Article
      CURRENCY
      141 17 COUNTER RATES Buying OD Selling Singapore dollars to on» unit ot foreign currency US dollar 1.6521 1.6877 Sterling pound 2.7360 2.8301 Australian dollar 0.9856 1.0278 Canadian dollar 1.1176 1.1545 NZ dollar 0.8292 0 8671 EC unit 1.8649 Singapore dollars to 100 units of foreign currency Austrian schilling 12.8134 13.5093
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    • Article
      ASIAN CURRENCY UNITS
      111 17 Contract date: Jane 26, 1998 Unit On# mth 3 mth* 6 mths 9 mth« 12 mths Call Vtlut data US 5 57. 57. 57. 57. 47» 30/6 A$ 47» 47. 47. 4"/.. 47» 47» 30/6 NZ 77. 7V. 77, 77, 77, 77. 30/6 STC 67. 77. 77.
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    • Article
      Deferred payments offer
      222 17 RIVERVALE EXEC CONDO PIDEMCO Land is offering buyers deferred payments to revive sales of its 671-unit Rivervale executive condo. The deferred payment scheme has been credited as the main reason for sales of almost 200 Florida units in two days 40 per cent of the EC despite
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    • Article
      UNIT TRUSTS
      857 17 Manager's prices: June 27,1998 Aberdeen Asset Mat Asia Ltd Aberdeen S'pcre Gr Fund 0.713-0.750" Aberdeen Select Portfolio (at N A V) Asian Fixed Income Fund Pacific Equity Fund 0.786** Indonesian Equity Fund Malaysian Equity Fund 0.815** Philippine Equity Fund 0734** Singapore Equity Fund 0.690** Thailand Equity Fund 0
      857 words
    • Article
      Mendaki to help banks tap US$100b in funds
      242 17 MAIAY-MUSLIM self-help group Mendaki’s economic arm, Mendaki Holdings, hopes to explore how banks here can attract to Singapore some of the largely untapped US$BO-US$lOO billion (Ssl3l-Ssl64 billion) in global Islamic funds. “There is a huge amount of Islamic funds in existence and
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    • Article
      SES MAIN BOARD
      3897 18 T ransaction date: June 26,1998 j INDUSTRIAL COMMERCIAL 1998 High Low Company Curr Last Traded Sale ♦or* Vol 000 Day High Low Gr-i Dlv% Nat M Cap P/E $mlt Wt Avg Price 43 13 e ACE Dynamics20c 13.5 unch 158 15 13.5 0.1 16.9 1L1 14 31
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      SESDAQ
      868 18 1998 High Low Company Curr Left Traded Sale ♦orVol 000 Day High Low Cr'i Dlv Nat p/e M Cap Smll Wt Avg Prke 134 79 e ABR Hldgs 5c 80 39.0 86 243 65 e AS Auto 10c 72 ♦3.5 408 72 66 5 15.ON 6.8 82.2 71 82
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    • Article
      BONDS, LOANS & WARRANTS
      1539 19 BONDS, LOANS WARRANTS Transaction date: June 26,1998 1998 Company Last Vol Day Last Quote Wt Avg Low Sale ♦Of000 High Low Buyer Seller Price 235 9 m m AMDB c5.5%*****6 .....10 9.5 13 20.5 5 ♦Acer W*****1 US$ 6.5 -0.5 3 6.5 6.5 5 7.5 95 85 Acma W*****4 10
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      CLOB INTERNATIONAL
      1474 19 Transaction data: June 26,1998 1998 High Low Company Cure Last Traded Sale Vol ♦or* '000 Day High Low Gross dlv Nat P/E M Cap 5mll MALAYSIAN STOCKS (in S$) 135 28 ms AISBSOc 49 ♦1 37 49 47.5 5.0 20.9 50.3 65.5 12.5 m s AMDS 50c 18
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    • Article, Illustration
      Lock icon Apec ministers at odds on fast-track plan
      441 20  -  Pledge to continue opening up markets, as US-Japan differences on tariffs dominate talks Reports hi DOUGLAS H ONG 1\ kI'CHINC ALMOST a year after East Asia entered its worst economic cri- sis since World War 11. AsiaPacific trade ministers on Tuesday pledged to
      HKCTKKS  -  441 words
    • Article
      Texas Instruments lays off 600
      251 20 US CHIP-MAKER Texas Instruments is to lay off all 600 workers at its Singapore integrated circuit plant and move the entire operation to Taiwan. The closure of whollyowned Silicon Systems Singapore (SSS) is part of Tl’s plan to eliminate 3,500 jobs worldwide to cut costs.
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    • Article
      Motorola to let 380 go
      216 20 MOTOROLA Electronics, long recognised as a premier employer, has succumbed to the economic crisis and is to lay off 380 workers 10 per cent of its local workforce. The US-based telecommunications equipment giant will offer voluntary severance deals to 130 workers at its Tuas printed
      216 words
    • Article
      IT industry to see growth of 5-10%
      265 20  -  DOWN BUT NOT OUT 8,l ELAINE TAN SINGAPORE'S information technology (IT) industry can still grow 5 to 10 per cent this year despite the ravaging regional economic crisis, saicl an industry spokesman. Although these estimates are lower than the 20 to 30 per
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    • Article
      The Hour Glass suffers $4.7m second-half loss
      335 20  -  By KALPANA RASHIWALA THE Hour Glass shocked the market with a $4.7 million second-half net loss which dragged full-vear group net earnings down by 93 per cent to just $625,000 far below what analysts had expected. The poor performance for the year ended
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  • Page 21 Advertisements
    • Advertisement
      Page 21 Advertisements Column 1
      895 21 m The Straits Times Weekly Edition Be Pari Of The BANK That's NETWORKING THE WORLD r #ll The Bank of Tokyo-Mitsubishi, Ltd. Singapore Branch Our expanded business is in need of resourceful and capable human resources for the following position Coriwate Banking Officer 6 The Challenge The successful candidate shall
      895 words
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  • Page 22 Advertisements
    • Advertisement
      Page 22 Advertisements Column 1
      885 22 SCALE NEW HEIGHTS OF EXCELLENCE Trans-Island Bus Services is one of the foremost transportation companies in the region. If you are an accomplished individual seeking to expand your horizon with a dynamic company, make the strategic move! TRAINING MANAGER Your main role is to oversee the training section which comprises
      885 words
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  • FORUM
    • Article
      Stop discriminating against older workers
      586 23 I WRITE to express my disappointment with the attitude of employers in Singapore. As everyone is aware, retrenchment has increased tremendously. It is now an employer’s market, and any retrenched worker who finds himself a job, even if it involves a pay cut or change
      586 words
    • Article
      Bigots have no place on campus
      157 23 THE media coverage of the recent Queensland election has given undue prominence to the One Nation Party and Ms Pauline Hanson. It is important to remember that the election results owed much to the particular circumstances of that state. I believe, they are not
      157 words
    • Article
      Why no criticism?
      52 23 THERE appears to be scant coverage in the Western media of the emergence of race policies in Australia. Also noticeably absent is criticism by so-called human rights organisations like Asia Watch of the antiAsian policies promoted by Pauline Hanson and her One Nation Partv in Queensland. Why?
      52 words
    • Article
      Aren’t community clubs for all?
      131 23 I REFER to the report “Posh but cheap, and open to all” (See Page 8). Mr Lew Syn Pau, MP for Kreta Ayer-Tanglin GRC, said that 90 per cent of the residents in the area live in private housing. “Because of this, we wanted something
      131 words
    • Article, Illustration
      Lock icon Club at Tanglin is open to all
      195 23 I REFER to Madam Chiang’s letter (above). Community clubs and community centres are meant for all residents, irrespective of social status, race or religion. The Tanglin Community Club is no exception. However, within these broad guidelines, every constituency has some flexibility' to design
      NOEL ROSALES  -  195 words
    • Article
      Let them compete on fair terms
      219 23 I REFER to the report, “Influx of foreign talent may destabilise Singapore” (See Page 5). Minister of State (Defence) David Lim said that some Singaporeans felt elbowed out by more talented foreigners. I am surprised by his remarks. Suppose you are queueing in a
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    Lock icon Underdogs push limits to win
    318 24 THEY had to soldier, sail and fly to their limits to win the best unit awards from their more glamorous comrades and they did. This year’s Best Combat Unit winner, the First Battalion. Singapore Infantry Regiment (1 siR), beat traditional winners such as the Commando
    SAMCELCHUA  -  318 words
  • Article
    Lost ICs: Higher fees, longer wait
    553 24  -  To discourage people from losing their ICs through carelessness, replacements will now be costly Ki, CHANG AI-LIEN ANYONE who loses his identity card will find himself out of pocket from next month. For getting a new one will cost between $lOO and $3OO, depending
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  • Article
    Royal brothers cleared of 3 charges
    373 24  -  “iL ELENA CHONG THE Royal brothers, Asok Kumar and Raj Kumar Naraindas, were cleared of three corruption charges involving a total of $2 million on Monday, as well as alternative charges of cheating and criminal breach of trust. They were acquitted after a 66-day
    373 words