The Straits Times : Weekly Overseas Edition, 11 July 1998

Total Pages: 24
1 24 The Straits Times : Weekly Overseas Edition
  • 20 1 The Straits Times Weekly Edition Saturday July 11,1998 Price: S$ 1.20 (in Singapore) Elsewhere fry subscription only MITA (P) 047/08/97
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  • 329 1  -  Tourist board plans to make the shopping district more vibrant, with variety and street life «1 EVELYN YAP ORCHARD Road is in for a complete makeover, if Singapore Tourism Board (STB) plans for the country’s premier shopping district become a re- ality. STB chairman
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  • 387 1 SINGAPOREANS need to know about the painful racial riots that rocked the island in the *****, how they happened and the long time it took to heal the damage they did to race relations, said Prime Minister Goh Chok Tong. Otherwise, Singaporeans will never appreciate the
    CEORCE CASCOV  -  387 words
  • Page 1 Advertisements
    • 55 1 Happy fack sl2m Food Aid For Indonesia The Singapore Red Cross Society has been dispatching food and medicine to Indonesia since Sunday. So will the Singapore Government, paces Scab face Slashed With Paper-Cutter Cabby Josephine Chan. 55, was attacked by her ex-husbancf leaving her permanently disfigured. He was jailed 3V2
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  • PRIME NEWS
    • 667 2  -  It took effect from the time it was signed in 1990. Govt is offering to refer dispute to World Court §1 ZURAIDAH IBRAHIM THE Singapore Government on Wednesday rejected Malaysian premier Mahathir Mohamad’s assertion that the agreement on Malayan Railway land was not
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    • 271 2 PAINSTAKING research to restore a 110-year-old bungalow to its original beauty, and link two rows of old shophouses with a new hotel complex via a garden atrium, won architect Loh Choon Tong, 50, two awards. His work on the Grand Plaza Hotel at St
      JF.ROMK MINC  -  271 words
    • 497 2 THE Singapore Government has dismissed as “inaccurate and misleading” the allegations by a Malaysian minister that the organisers of a Rotary Club convention here had deliberately left out his country from a list of tours for participants. A Ministry of Foreign Affairs spokesman said last Friday
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    • 382 3  -  Singapore will send humanitarian assistance of food and medicines to help people through the crisis *L PAULJACOB THE Singapore Government announced on Monday it would be providing Ssl2 million worth of humanitarian assistance in rice and medicines to help alleviate difficulties being faced by
      STKPHAMKYKOW  -  382 words
    • 414 3  -  SINGAPORE RED CROSS MISSION By KARAMJIT KAL R IN BOGOR, INDONESIA THEY came women with babies, the old hobbling with walking sticks, the sick each clutching precious coupons that entitled them to Food, milk and medicine. And in less than six hours, 900
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    • 403 3  -  Btl M. NIRMALA SINGAPORE takes good care of its children, according to the annual global assessment of the United Nations Children’s Fund. The Republic scored highly in several areas of the organisation’s scorecard which judges countries not by the traditional yardstick of economic growth,
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  • HOME
    • 346 4 Malavsian couple first to be caugfit at Second Link trving to smuggle in 13 packets of heroin A MALAYSIAN couple were caught tning to drive through Tua.s Checkpoint on Saturday with 5.2 kg of heroin, in the first drug arrests at the Second Link. The
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    • 429 4  -  By By LEONG CHING CHING IN LONDON PRESIDENT Ong Teng Cheong was awarded one of Britain's highest honours on Tuesday, when he met Queen Elizabeth 11. She bestowed on him the Most Distinguished Order of St Michael and St George. He was only the second
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    • 485 4 A JEALOUS husband who tried to disfigure his wife's face ended up stabbing her in the heart early one morning after a quarrel. Urn Leong Thong. .37, who had accused his wife. Madam Jenny Cho Yoke Seem, 30, of having an affair, then
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    • 103 4 The 3-D multi-media presentation, tracing the country’s history, wowed many of the visitors with its bright colours and fixing objects. I lere. a grandfather narrates the Singapore Story to his grand-daughter. Spectators were most impressed with the four-minute three-dimensional segment on future challenges. The half-hour show took
      VI.PHONSOCHAN  -  103 words
    • 388 5  -  More than 20 are coming from China this year, as fewer young Singaporeans here want to take up teaching Mandarin «i! 1 WONG CHEE MENG A SMALL number of Chineselanguage teachers have to be recruited from abroad, given the difficulty of getting young Singaporeans to take
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    • 602 5  -  SHARON VASOO FOR weeks, cabby Josephine Chan Gek Hua (right) left her flat only at night. The dark hides her scars, and she can avoid the inevitable questions and shocked reactions from passengers and passers-by. Her ex-husband, Ng Hong Hai, 61, attacked
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    • 120 5 NG Hong Hai (left), 61, was jailed for 3 ‘/2 years on Saturday for hurting his ex-wife, Madam Josephine Chan Gek Hua, 55 (above). He attacked her with a pa-per-cutter, slashing her face and hands. The crime carries a maximum penalty of 10 years’ jail and a
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    • 472 5  -  a n. GINNIETEO PUPPIES imported into Singapore from Sept 15 must be at least three months old and have been vaccinated twice before they are allowed in under new Primary Production Department (PPD) guidelines. The
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    • 733 6  -  Police investigations show rise in buying, selling and renting of identity cards to foreigners CHANG AI-LIEN and TEH JEN LEE THEY' change their appearance, dress like Singaporeans and even learn to speak Malay to pass oft’ as locals. The number of criminals caught using other
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    • 307 6  -  fhL SHARON VASOO EIGHT people in Jurong and Kallang lost their cellular phones over the weekend in what is a sign of the times thieves are breaking into cars to steal phones. Nearly 800 cellular phones were stolen from vehicles in the first five
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    • 745 6  -  ECONOMISTS SAY THIS WILL SPEED UP ONSET OF RECESSION »1 TAMMY TAN WITH recession looming, the Singaporean tendency to cut baclk on spending can hurt the country tremendously, economists said. Pointing to the Japanese situation, they warned that under-spending will result in even
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    • 525 7  -  The road name associated with a mental hospital is now called Gerald Drive, after an appeal By] ZLZANITA ZAKARIA THE name Jalan Woodbridge has been wiped off the map of Singapore thanks to the lobbying efforts of a developer which is building a condomini-
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    • 269 7  - Beep, please be a volunteer. Bit BKAEMA MATH I MESSAGES that appeal to the heart are what more than 200,000 Sing Tel message pager subscribers can expect to see until the end of the month. Starting on Saturday, they have been receiving messages like these: Spare a thought, give your
      LAC KOOK LONG  -  269 words
    • 345 8  -  Fellow climber says David Lim is getting better and is being weaned off the respirator Oil ALLISON LIM EVEREST climber David Lim has been paralysed from the neck down since he was diagnosed with a rare nerve disorder last month, but is said to be getting
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    • Article, Illustration
      66 8 Former national water polo player Kee Soon Bee, 81 (left), and Olympic weightlifting medallist Tan Howe Liang, 05, were among past and present athletes who ran last Saturday in the Singapore leg of the 16th Commonwealth Games Queen’s Baton Relay, which started in London in March. The baton
      MUHAMMADSHAM  -  66 words
    • 212 8 MORE than 260,000 traffic summonses issued to foreignregistered vehicles between 1995 and 1997 are still unpaid. As of the end of last year, this amounted to $B.l million in unpaid fines. Also issued against foreign motorists during that period were 14,318 warrants of arrest. Most
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  • Page 7 Advertisements
    • 185 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
    • 1060 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
    • 403 9  -  Soccer body apologises to parents of boys dropped from Lion City Cup B team at the last minute SOCCER «it S. Ml RAM THE Football Association of Singapore apologised on Monday to the parents of players who were dropped at the last minute from the Lion
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    • 263 9  -  ATHLETICS «it THOMAS KOI! DESPITE suffering from a mild case of food poisoning, U.K. Shyam, 22, still managed to win the blue riband event at the Flash Track and Field Championships on Sunday The national serviceman coasted home in 10.9 sec, reinforcing his status
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    • 178 9 BOWLING NATIONAL bowler Jack Wong, 46, shot a sizzling 242 average in the step-ladder finals to clinch the SMJ-Networx Best Of The Best competition at the Marina South Superßowl last Saturday. Despite qualifying in third spot for the step-ladder competition, he gave a
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    • 122 9 STORE POOLS/NFL SOCC ER WITH all the top four teams in the National Football league Division One winning last weekend’s matches, it looks as if the title is only going to be decided on the final day of the season. Leader Kaki Bukit
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    • 365 9  -  POOL Oil CHAN TSE CHLEEN SHE was a two-time run-ner-up in the Western Australia women’s snooker tournament, but it was the first time Shanna Ng, 24, has won a cue sports title in Singapore. The administration officer clinched the national 8-ball pool women’s title
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  • MALAYSIA
    • 504 10 Top finance officials to sell bonds and gain support for investment ventures worth $B.B billion to lift nation out of economic slump Reuters KUALA LUMPUR Malaysia's two most powerful finance officials will tour the world from the end of the month to raise funds
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    • 104 10 PEOPLE are not the only ones to have been affected by flight delays at the new’ Kuala Lumpur International Airport (KLIA). At its cargo complex, vegetables have rotted and fish and tortoises have died in the wait. A check bv the Sun on Monday found that
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    • 448 10  -  By BRENDAN PEREIRA IN Kl ALA Ll’MPl R TWO words nepotism and cronyism may disappear slowly from the pages of Malaysian newspapers and be discussed only behind closed doors. And if that happens, party president Datuk Seri Dr Mahathir Mohamad has to thank the simple folk
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    • 287 10 -AFP KUALA LUMPUR Operations at the new M$9 billion (S$3.7 billion) Kuala Lumpur International Airport (KLIA) were running smoothly yesterday, less than a fortnight after its chaotic debut, officials said. “Everything's in order now and the systems are working," said an official with airport
      -AFP  -  287 words

  • SOUTH-EAST ASIA
    • 466 11  -  Golkar chapters back Habibie’s choice for the top party post, strengthening his political base DERWIN PEREIRA IN JAKARTA INDONESIA’S President B.J. Habibie appeared set to strengthen his political base when a large number of the party’s provincial leaders at the Golkar congress
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    • 65 11 as 200 women caddies and railway workers block the north-bound tracks in the Thai capital, forcing a Bangkok-Chiang Mai train to abort its journey, resulting in thousands of stranded passengers. The caddies, fearing for their jobs, were protesting against the sale of a golf course
      REUTERS  -  65 words
    • 352 11  -  NIRMAL GHOSH PHILIPPINE CORRESPONDENT MANILA President Joseph Estrada has ordered the recall of 25 politically-appointed ambassadors, including several to key countries in the region and the Middle East, the Department of Foreign Affairs said on Tuesday. Philippine law specifies that political, or presidential, appointees can only
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    • 375 11  -  By EDWARD TANG THAILAND CORRESPONDENT BANGKOK Some of Thailand’s best brains have met to seek solutions to the country’s economic problems. Fifty business and academic leaders got together at the weekend for a two-day seminar, Can Thailand Be Saved, organised by The Nation media
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  • COMMENT
    • 605 12 WEDNESDAY July 8,1998 INDLX has shown a new willingness to sign the Comprehensive Nuclear Test Ban Treaty (CTBT), provided Western countries allow the transfer of nuclear technology to New Delhi. Though the offer resembles a proposal to shut the barn door after the horse has bolted, it
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    • 589 12 MONDAY Juk (>, 1998 Proposed amendments to the Administration of Muslim Law Act, which Parliament referred to a Select Committee last week, have caused some concern in the community over the question of giving the civil courts concurrent jurisdiction with the Syariah Court in deciding Muslim
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    • 687 12  -  filL 808 NG ON THE surface, Singapore does not appear to be like a country heading for a recession this year. We have had no sob stories about people suffering grievously from the economic slowdown. The shops, if not along Orchard Road, then
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    • 928 13  - PRs welcome them or ward them off? BY THE WAY H'l TAN SAI SIONG IS IT better to be a permanent resident in Singapore or a citizen? Or are the comparisons invalid, like saving apples are better than pears? It is an ongoing debate which rises and falls depending on
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    • 839 13  -  MY VIEW H'l KOH BUCK SONG A MISCHIEVOUS computer hacker breaks into the Singapore Government's main system. National service and income tax records are erased. Your identity is nearly wiped out, and you end up having to do NS and pay taxes all over again. Fanciful?
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  • INSIGHT
    • 1838 14 While many consultative channels have sprung up in recent years, there is still the public perception that the Government is not receptive to new ways of doingthings. Why What can be done about it? CHUA Mill HOONG discusses the Issues. MR FRANCIS Chong,
      NOEI. ROSAI.ES  -  1,838 words
    • 1091 15  -  THINKING ALOUD K'l Gill A LEE HUONG SO. THE regional crisis has finally hit home and where it hurts Singaporeans most. The latest official forecast that the economy will grow by just 0.5 to 1.5 per cent this year and might contract
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    • 808 15  -  THIS WEEK IN POLITICS KOII Bl Ck SONG PREDICTABLY, the private sector reception to Finance Minister Richard Hu's line-up of offBudget measures last Monday was not entirely joyful. Some expected him. like a football coach, to field a full side of giveaways
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  • MONEY
    • 399 16 I'HE Straits Times Industrials Index (STII) this week was dragged down by a few factors: bad news from the Government and the perennial Japanese yen weakness problem. Its 4.84 point gain on Monday was wiped out when Prime Minister Goh Chok Tong said
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    • 77 16 ST Industrials Index The Straits Timas Industrials Index dropped 32.32 points on the weak to 1090.35. DAY CLOSE TURNOVER Monday 1127.51 4.84) 63.736 ($167.571m) Tuesday 1115.18 (-12.33) 85.704 ($167.403m) Wednesday 1107.78 7.40) 79.587 ($121.914m) Thursday 1103.65 4.13) 99.844 ($139.325m) Friday 1090.35 (-13.30) 121.034 ($174.289m) BT-MGA Index The
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    • 1879 16 Company Date ann Net earn TV LV &lt;$m) ($m&gt; EPS TV LV (cts) lets) AsiaPaC Brew Jun 12 37.235 49.462 14.7 19.5 AsiaPac Land* Apr 30 P 3.707 36.089 0.50 510 Aitiandra Hldg Jun 30 P 9.S75L 3.948 32L 13.1 Amara M Mar 26 P 7.425 5.602 1.50
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    • 213 16 RIGHTS ISSUC ExBooks ACC Company Ratio date close Raymt Pec Century Six-for-ten ®S$1.00 Jun 24 Jul1 NA BONUS ISSUC ExBooks Company Ratio date close Rotol One-tor-one Jun 30 Jul 7 Jul 20 Z*gro Ono-tor-one Jull Jul 8 Jul 23 Liang Huat One-for-one Jut 2 Jul 9 Jul 21
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    • 27 16 Company Rights Itauo AsiaMatrm onetor-ten (each wrt with 3 Wrts carrying tor oach 10 Rts to sub) existing shares *80c Company Bonus Itsua Metalock two-for-one
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    • 55 16 Company Place Date Time Tat Laa 1 Bank TLB Tamplnes Crntre 31 Tamplnes Ave (*****0) Jul 15 3.30pm Courts A 22 Pandan Rd S'porei*****4) Jul 24 11.00am Pacific A Andes The Percival Rm Fort Canning Club 11 Canning RdOTBBBI) Jul 21 2.30pm A: ACM, E: COM, W: Warrant
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    • 258 16 Payment (cts) Ex date Books close Pay date Acmi 50c F 7.5 Jul 2 Jul 9 Jul 22 Alexandra 50c b 1.5 Sep 9 Sep 16 Oct 6 Amara 20c b 0.4 Jul 10 Jui 17 Jul 30 Apollo F 1 Jul 1 Jul 8 Jul 20 AsiaPac
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    • 1252 16 Payment JSUL Cl dat« Books close Pay date Form Mldqs F 0.5 Jul 9 Jul 16 Jul 31 Fuji Ollset 20c 2TE Jul 6 Jul 13 Jul 23 Flextech 15c b 0.4 Jul 3 Jul 10 Jul 23 FMTK 20c b 0.5 Sep 22 Sep 29 Oct 8
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    • 500 17  -  Divestments, which could fetch up to $2OO million, will help to reduce $1 billion borrowings «it JEAN CHIA HEALTH-CARE and property group Parkway Holdings has started to sell its assets in the United States and Europe, and the expected proceeds of US$lOO million to US$l2O
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    • 398 17  -  By TAMMY TAN WAR has finally erupted in the Internet service provision market with CyberWay and Pacific Internet (PacNet) saying they, too, will slash rates in response to Sing Net’s July 1 rate cuts. CyberWay has revised charges in its high-end service with effect from the
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    • 141 17 COUNTER RATES i Buying OD Selling Singapore dollars to one unit ot foreign currency US dollar 1.6992 1.7364 Sterling pound 2.7523 2 8488 Australian dollar 1.0274 1.0718 Canadian dollar 1.1804 0.8625 0.9020 EC unit 1.8886 Singapore dollars to 100 units of foreign currency Austrian schilling 12.9744 13.6929 Belgian franc
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    • 114 17 Unit On# mth 3 mth* 6 mth* 9 mth* 12 mth* Call Value date US 5 57. 57. 57, 5V. 47, 14/7 A$ 47, 4V, 4V, 4 V, 47. 37. 14/7 NZ 77. 7V« 7V. 7V, 77. 67, 14/7 STG ...7 77. 77, 77. 7V. 67. 14/7
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    • 252 17 Business Times, Malaysia ONLY 20 new companies listed on the Kuala Lumpur Stock Exchange in the first six months of this year, raising total proceeds of just M 5456.67 million (SSI9I-4 million). The figure is a far cry from the M 52.72 billion raised from
      Business Times,; Malaysia  -  252 words
    • 797 17 Manager's prices: July 10,1998 Aberdeen Asset Mgt Ada Ltd Aberdeen S'pore Gr Fund 0.731-0.769” Abardaan Salact Portfolio (at NAV) 0.822** 0.442** 0.785** 0.705** AIB Covttt (Asia) Ltd 0.735-0.772$ 1.220-1.281® Amarlcan Inti Assur AIA Unit Linkad Fd 0.685-0 722« 0.685-0.722* 0.909-0.957* AIA Regional Flxad Income Fd 0.969-1.020« Alliance Capital
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    • 3562 18 Transaction date: July 10,1998 INDUSTRIAL COMMERCIAL 1996 Curr Last Vol Day Or-* Nft M Cap Wt Avg High Low Company Traded Sale ♦Of000 i High Law Dlv *&gt; P/C Smll Price 43 13 unch 14 14 0.1 17.5 11.5 14 31 19.5 a ASACoramic 20c... US23 5.0
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    • 829 18 1998 High Low Company Curr Last Traded Sale ♦orVol ‘000 Day High Low Gr’s Dlv Net P/E M Cap $mll m Avg Price 134 50 0 ABR Hldgs 5c 80 39.0 79 243 65 0 AS Auto 10c 67 *1 212 68 65.5 15.ON 6.3 76.5 69 82 48.5
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    • 1611 19 BONDS, LOANS WARRANTS Transaction date: July 10,1998 1998 Last Vol Day Last Quota Wt Avg Hiqh Low Company Sale ♦or■000 High Low Buyer Sellar Price 23.5 9 m m AMDB C5.5%*****6 10 unch 10 10 10 10 13 20.5 5 ‘Acer W*****1 US$ 5 •1 12 5 5 5.5 6
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    • 1450 19 Transaction date: July 10,1998 1998 High Low Curr List Company Traded Sol* Vol ♦Of 000 Day High Low Gross llv Net P/E M Cap Smll MALAYSIAN STOCKS (in S$) 135 28 ms AISB 50c 40 •3 128 43 40 5.0 17.2 41.0 65.5 12.5 m s AMDS 50C
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    • 597 20  -  Deal could cost as much as $2.5 billion if it bags maximum 61% in Malaysian cellular group *L TAMMY TAN SINGAPORE Telecom is close to finalising what sources say may be its largest investment so far a billiondollar deal to buy into Malaysia's Binariang Telekom.
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    • 517 20  -  »!L TAN LI ENG BANKS arc coming down harder on borrowers who do not pay their bills on time amid the economic crunch. Market sources said that local banks like United Overseas Bank (UOB), OCBC Bank and DBS Bank, as well as foreign banks
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    • 304 20  -  »1 TAN LI ENG HELPED by higher interbank rates, POSBank has reported a 21.9 per cent rise in group net surplus to $218.8 million last year, although on the deposit side its showing was not as robust. Net surplus surged by 63.1 per cent to $140.3
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    • 273 20 THE Economic Development Board (EDB) is targeting $8 billion worth of new investments for the manufacturing sector this year, but is concerned about the flow for the next two years as that will determine new job creation. While this year’s investment commitments would be
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  • Page 21 Advertisements
    • 843 21 The Straits Times Weekly Edition ■sM -S* iiiMi Founded 1905 NATIONAL UNIVERSITY OF SINGAPORE FACULTY OF ENGINEERING DEPARTMENT OF CIVIL ENGINEERING PROFESSIONAL OFFICER Applications are invited for appointment to the post of Professional Officer in the Hydraulic Engineering Laboratory of the Department of Civil Engineering. Candidates should have a good
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  • Page 22 Advertisements
    • 977 22 Medical Technologist Molecular Diagnosis Centre The Molecular Diagnosis Centre is a new facility which will undertake a wide range of molecular diagnostic tests to confirm diagnosis and management of conditions such as thalassaemia, genetic diseases, lipoprotein disorders, haematological malignancies and infectious diseases. We seek a Medical Technologist who will perform
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  • FORUM
    • 534 23 I AM disappointed that the off-Budget package did not show any sympathy towards Singaporeans who have been retrenched and have not found re-employ-ment, and Singaporeans whose employers may not be acting in tneir best interests. It is reasonable to expect that there are people and families
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    • 482 23 THE explanation of “computer problems” at Kuala Lumpur International Airport does not give the full picture of what nad gone wrong. In the 11 hours that I was at KLIA on its first day of operation on June 30 two hours in transit after
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    • 294 23 NOW that Thailand will be allowing overseas Thais to vote, the Singapore Government should reconsider its position on the same issue. Voting is one of the most concrete ways Singaporeans participate in politics. It is Doth a right, as well as an obligation of citizenship. With
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    • 135 23 WE HAVE just celebrated a decade of service at our MRT stations, but it seems to have taken a long time to implement a simple procedure that of keeping to the left on escalators. Most train stations in foreign countries have a simple “rule”. Slower-moving commuters stand
      MIKI.  -  135 words
    • 151 23 I SEE no reason why some escalator users should favour a system which separates all users into two streams one for the stationary and the other for those who are quick and on the go. It is already bad enough when passive, patient MRT commuters
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  • 534 24  -  Sengkang and Punggol Light Rapid Transit lines will be integrated into the estates to make optimal use of land «!L KARAMJIT KALR PUNGGOL residents will have a Light Rapid Transit (LRT) system in their model town by the end of 2004. Like the Sengkang
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  • 370 24  -  Reports by SHARON VASOO IT WAS wild, raunchy, steamy and wet. Clad mostly in bikinis, young women frolicked with bare-chested men in a giant foam-filled pool. The scene: a foam party at Sunset Bay pub in Sentosa last Saturday. But the action was just too
    MUHAMMAD SHAH  -  370 words
  • 332 24 PRIME Minister Goh Chok Tong said on Tuesday that there is a "fairly high" chance that Singapore will slip into a recession next year. But the Government does not expect the economy to contract this year, ‘‘unless things go terribly wrong in
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