The Straits Times : Weekly Overseas Edition, 8 August 1998

Total Pages: 24
1 24 The Straits Times : Weekly Overseas Edition
  • 20 1 The Straits Times Weekly Edition Saturday August 8,1998 Price: S$ 1.20 (in Singapore) Elsewhere by subscription only MITA (P) 047/08/97
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  • 606 1  -  President Habibie tells Rear-Adm Teo that he looks forward to building good relations with Singapore SUSAN SIM INDONESIA CORRESPONDENT JAKARTA President B.J. Habibie told a visiting Singapore minister on Thursday that he had a “vested interest” in building on the current good ties with
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  • 357 1  -  DRAMA IN NDP REHEARSAL Bij 1 KOH BOON PIN A RECENT National Day Parade rehearsal became filled with more drama than was intended when a backstage participant had part of his finger almost sliced off. American Jeff Silverman, 41, who is in charge of the
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  • Page 1 Advertisements
    • 59 1 Roguetrader in hospital Cancer Strikes Leeson Nick Leeson, who bankrupted Barings and was jailed in 1995 for cheating, has colon cancer. He is being treated in Changi General liospital. page 2 SINGAPORE-MALAYSIA RAILDISPUT E No Stamp On Passports Malaysian immigration stays put at Tanjong Pagar railway station, but decides not
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  • PRIME NEWS
    • 491 2  -  To help workers hit bv job loss and wage cuts, co-op’s supermarkets will cut prices of 33 items by up to 13 per cent \HMAD OSMAN NTUC FamPnce has cut prices of 33 items in its supermarkets and also offered a 5 per
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    • 455 2  -  By < GERALDINE YEO THE next place to have Electronic Road Pricing ERP is likely to be the Ayer Rajah Expressway AYE;. Communications Minister Mah Bow- Tan said on Monday that the Land Transport Authority (LTA, would take a year to evaluate
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    • 224 2 A SOPHISTICATED casinostyle gambling den in a Toh Tuck Road condominium ran out of luck on Thursday night when police raided it and arrested 25 people there. They believe that the people arrested include the den operator and the croupier, the person who minds the gaming
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    • 302 2  -  MOVE TO HELP S'PORE COMPETE Bv By SAMANTHA SANTA Maria TAX incentives and schemes will be reviewed within the next six weeks in order to keep Singapore competitive during the economic slump, said Economic Development Board chairman Philip Yeo on Tuesday. The EDB is assembling
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    • SINGAPORE MALAYSIA RAIL DISPUTE
      • 849 3  -  MHA says those making the allegations over the CIQ dispute either do not know the facts or choose to disregard them ZLRAIDAII IBRAHIM MAI.AYSIAN leaders’ habit of blaming Singapore, as in the latest dispute over rail Customs and immigration, is nothing new and shows that they
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      • 526 3  -  By BRENDAN PEREIRA IN JOHOR BARI MALAYSIA should freeze all new forms of bilateral relations with Singapore until Prime Minister Goh Chok Tong makes clear his government’s stand on KTM land in the Republic and several other outstanding issues, Umno Youth said on Monday.
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      • 402 3  -  fit/! ZURAIDAH IBRAHIM MALAYSIAN immigration officials stayed put at Tanjong Pagar railway station last Saturday, while their Singaporean counterparts moved to the new Woodlands checkpoint, but the Malaysians chose not to stamp the passports of outbound passengers. All the Malaysian immigration officials did
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  • PARLIAMENT
    • 342 4 The sea and Indonesia are potential sources, says Mr Lee Yock Suan, but Singapore is keen on a water pact with Malaysia SINGAPORE has no problems getting water from either the sea or from Indonesia, said Trade and Industry Minister Lee Yock Suan on
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    • 386 4 SINGAPORE needs foreign workers and must fight political pressure to make life more difficult for them during the economic slowdown. Second Trade and Industry Minister George Yeo said. “At a time like this, the easiest thing to do and to say is ‘.All
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    • 324 4 INVESTIGATIONS into the crash of Silk Air flight MI 185 are still going on, but results will not be known for at least six months. Communications Minister Mah Bow Tan said on Monday. The ill-fated Boeing 737-300 crashed on Dec 19 near Palembang. Indonesia,
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    • 461 4 SINGAPORE must do what it can to help its neighbours in these difficult times, but in a way that does not create long-term problems for itself. Brigadier-General (NS) George Yeo said on Monday. The Second Trade and Industry Minister was responding to MPs
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  • HOME
    • 404 5  -  Concerned over the number of youths involved in riots and fights, the judiciary will impose tough measures Hu TAN 001 BOON YOUTHS who start street brawls over trivial matters beware. The Subordinate Courts say that judges will deal with them sternly, and not
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    • 408 5 A DOCTOR convicted of peeping at a couple making love at East Coast Parkw'ay has been struck off the medical register. The Singapore Medical Council said that Dr Lawrence Lau Kar Yek, 34, a general practitioner, had to be taken off the register
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    • 67 5 rUUrBKIDut LINK: Singapore’s first suspension foot-bridge was opened on Tuesday night by Mr Koo Tsai Kee, the Parliamentary Secretary for National Development. Bridging Tanjong Rhu and the Singapore Indoor Stadium, the $5 million steel bridge was conceptually designed bv the Public Works Department, with the help of engineering
      STEPHANIE VEOW  -  67 words
    • 247 5  -  *JL TEO HL EI HUEI AN AMERICAN businessman was attacked by several men in a Scotts Road disco early last Friday after greeting a young woman with these words: “Hi, are you here alone?” Mr Jason Martin, 29, who is in Singapore on
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    • 134 5 FIRE struck at the Tanjong Pagar railway station on Tuesday morning, but the damage was not serious. The fire started at a wooden window frame of a vacant unit on the ground tloor of the station, said Singapore Civil Defence Force (SCDF) spokesman Captain
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    • 60 6 6RANDMA, THE CONSTRUCTION WORKER: Come rain or shine, Madam Lai See Moi, 43, is working outdoors. She is one of very few women construction workers here. She is from Segamat and has been working here for three years. The mother of four and grandmother of two
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    • 368 6 CDC’S SUPPORT SCHEMES VICTIMS of traffic accidents and the families of people in jail can now turn to a community support scheme for help. The plan, set up by the Sembawang-Hong Kah Community Development Council and the Home Team, now offers financial, counselling. care
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    • 554 6 Law Ministry rebuts group’s criticism of verdict on suit and says its agenda is to intimidate the Government and judiciary HUMAN rights group Amnesty International’s agenda is to press and intimidate the Government and the judiciary here to submit to its views of what is
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    • 396 6  -  Btf, ZUZAMTA ZAKARIA ON* MAY 11, slabs of bricks fell from the minaret of Darul Ghufran mosque. Less than three months later, thousands of bricks rained down from its front wall. After last Thursday’s incident, the mosque in Tampines will now be closed for eight
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    • 232 7 WHEN Madam Siti Salmiah threw a handful of cooked rice from her second-storey kitchen window to feed the pigeons below’, she thought it was an act of kindness. But for an Environment Ministry officer who spotted her doing this while on his routine rounds at Bloek 223,
      EVELYN YAP  -  232 words
    • 375 7  -  But there are more arrests and more cases are solved. Police say that there is no cause for alarm Bu SHARON VASOO THE overall crime rate rose in the first six months of this year to 4.7 per cent above the rate for the same period last
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    • 487 8  - 1 for a maid' offer criticised Two trade associations hit out at maid agencies, as the practice means maids will have to go without pay for a few months «2. CHIN SOO FANG SOME maid agencies here are offering to find domestic help for as little as $l, or even
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    • 301 8  -  Bu BRAEMA MATH I KEVIN I/)w took the plunge, as befits a naval officer. On bended knee, grasping a single-stemmed rose, and with a candle-lit dinner waiting nearby, he popped the question. Or rather, he wrote it on a card and held it to the glass panel that
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  • Page 7 Advertisements
    • 167 7 Home Delivery weekly! A crisp summary of the weex'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 whereveryoumaybe. Yes! Every week. Subscribe now. And be at home with the ST weekly. The Straits
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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
    • 322 9  -  Champions on edge before ‘discard’ Selvaraj scores crucial goal S-LEAGUE SOCCER H'l PETER SIOW SINGAPORE Armed Forces FC was supposed to march forcefully into the Jurong Stadium, hang Gombak United high and dry and ride away with the Tiger Beer soccer title last Saturday. But it did
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    • 298 9  -  Hu PETER SIOW AFTER four months of intense battles in the Tiger Beer SLeague soccer competition, it is time to look at the attendance figures which are a fair barometer for the tournament’s success or failure. The arrow has been pointing southwards inexorably this season.
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    • 496 9  -  BOWLING Hu CHAN TSE CHUEEN THE strikes may have come too soon from the organiser’s point of view but it could not have been more timely for 31-year-old Khoo Kok Beng. The Plaza Bowl Club player stands to pocket the $20,000 prize by scoring a
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    • 292 9  -  ATHLETICS tin HAKIKAT RAI THE Singapore International Marathon has hit the wall, a victim of the economic crisis. A shortage of sponsors’ dollar has forced organisers of the biennial event, a major feature on the Republic’s athletics calendar since 1982, to cut the 42.195km race
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  • MALAYSIA
    • 328 10 Drug abuse is rising, a worrying situation because it is leading to more crimes being committed KOTA KINABALU The crime rate in the peninsula last year went up by 46 per cent and in Sabah, by 38 per cent because of increased drug
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    • 288 10 KUALA LUMPUR Prime Minister Datuk Seri Dr Mahathir Mohamad said on Monday that police were conducting a probe into all complaints against a book which allegedly defamed Deputy Prime Minister Datuk Seri Anwar Ibrahim. Bernama on Monday quoted him as saying that one of
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    • 213 10 JOHOR BARU Johor’s Umno Youth movement has said some facts about Malaysia in a book written by a Singapore academic were distorted. The Star last Saturday reported that the movement would organise a talk to discuss the contents of the book, A Moment Of Anguish: Singapore
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    • 369 10  -  By BRENDAN PEREIRA IN KUALA Ll'MPl R MALAYSIA’S efforts to encourage businessmen to use local ports would not run afoul of World Trade Organisation (WTO) rules, said Datuk Seri Rafidah Aziz. Minister for International Trade and Industry. “We are not discriminating against any country.
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    • 308 10 BUKIT MERTAJAM Foreigners will be allowed to hold a 100-per-cent stake in manufacturing projects in Malaysia, International Trade and Industry Minister Datuk Seri Rafidah Aziz has said. The Sun last Saturday reported that the government had lifted equity and export conditions on all new
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  • SOUTH-EAST ASIA
    • 497 11  -  A govt study and a survey found that Spore is still the preferred port because of its location EDWARD TANG THAILAND CORRESPONDENT BANGKOK A proposal to cut a canal across southern Thailand to enable ships to shorten their journeys by saving a trip through the
      C CHANDRADAS  -  497 words
    • 197 11 Reuters, 1, AFP PHNOM PENH A Khmer Rouge guerilla commander, Nuon Paet, was lured from hiding last Saturday with a business deal, and charged with the murder of three Western backpackers four years ago, police and government officials said. “Police played a trick to bring
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    • 562 11  -  By SUSAN SIM INDONESIA CORRESPONDENT JAKARTA Indonesian armed forces chief General Wiranto, apologising for Abri's failure to prevent the kidnappings of political activists, and the riots and mass rapes here in May, on Monday ordered a military honour council to investigate the actions of two three-star
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    • 260 11 Reuters BANDAR SERI BEGAWAN In another move against his embattled brother, the Sultan of Brunei has stripped Prince Jefri Bolkiah of control over the collapsed conglomerate Amedeo, the prime minister's office said on Sunday. It said Sultan Hassanal Bolkiah has appointed two international
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  • COMMENTARY
    • 616 12 TUESDAY August 4, 1998 Deputy Prime Minister Lee Hsien Loong’s call to banks not to be too precipitate in calling back loans came as a breath of fresh air in these oppressive times. The word of BG la*c. who also heads the Monetary Authority of Singapore,
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    • 530 12 SATURDAY August X. 1998 SINCE the Asian financial crisis began, powerful forces in Malaysia have assumed a puzzlingly aggressive stance towards the rest of the world, despite the fact that the country needs the help of international capital markets. It needs the cooperation of rich countries, and yet
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    • 796 12  -  HOW DOES BOYCOTTING OUR NEIGHBOUR MAKE US BETTER THAN THOSE WHO ACCUSE OR CRITICISE US UNFAIRLY? HOW IS THAT A STEP IN THE RIGHT DIRECTION? UIL ALAN JOHN READER Rose Tan hit the right note with several Singaporeans bv suggesting in the Forum page that
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    • 923 13  -  VIEWPOINT K’l LEONG CHAN TEIK MONDAY marked the start of electronic road pricing (ERP) on the Central Expressway (CTE) and heralded a Government push to implement the system island-wide. This follows a “real-life" trial of the system on the East
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    • 910 13  - Look for weak links not omens BY THE WAY TAN SAI SIONG IN PAPUA New Guinea, an entire generation may have been swept away by the tidal wave that hit several of the island’s shore-line villages last month, leaving thousands dead and families bereft of their young. In Asia, a
      I.I'DWIG 11.10  -  910 words


  • INSIGHT
    • 1526 14 The raison d’etre of ethnic self-help groups is to help their weaker students catch up with the rest. Have they lived up to their educational objectives? Where have they succeeded and failed? JASON LEOW takes a closer look and hands out this report
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    • 370 14 CHINESE students are flying high, going by the latest Education Ministry findings. In some cases, the community is surpassing its previous records. For instance, almost every Chinese student in primary school 97-3 per cent made it to a secondary’ school last year. This is
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    • 1159 15  -  THINKING ALOUD By CHUA LEE lIOONC SINGAPORE celebrates its 33rd National Day tomorrow. For most ex-co-lonial countries, such a day marks the anniversary of a hard-fought struggle for independence. But for Singapore, the occasion is a commemoration, not of independence from the British,
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    • 956 15  -  THIS WEEK IN POLITICS KOH BUCK SONG THE acquisition of POSBank by DBS Bank, announced recently, might have hit the man-in-the-street, who does not follow bank industry talk closely, like a flash flood. To the unprepared, it appears to tear away the last financial umbrellas
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  • MONEY
    • 405 16 STI Index falls to its lowest in 9 years SINGAPORE shares, which stood resilient for much of the week on the back of better-than-expected corporate earnings, succumbed finally to regional worries as the week drew to a close. The STI I shed 24.9,‘J points to 1,039.27, its lowest in 90
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    • 78 16 ST Industrials Index The Straits Times Industrials Index dropped 24.93 points on ihe week to 1039.27. DAY Monday Tuesday Wednesday Thursday Friday CLOSE 1074.76 (*10.56) 1064.99 9.77) 1052.13 (-12.86) 1065.78 (*13.65) 1039.27 (-26.51) TURNOVER 83.751 ($131.526m) 92.558 ($187.579m) 91.876 ($160 792m) 87.480 ($151.184m) 100.399 ($136.577m) BT-MGA Index
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    • 1843 16 Company Data ann Nat earn TV LV <$m> ($m> CPS TV LV (cts) (cts) AsiaPac 8rew Jun 12 1 37.235 ***** 14.7 19.5 Alarandra Hidq Jun 30 P 9.575L 3 948 32 L 13.1 Asaan Fd US$ Jul 20 1 29.173L 5.291 194L 35.0 AsaanSup USS Jut 21
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    • 156 16 RIGHTS ISSUE Company Ratio Exdata li Acc 6 Paymt Pan M'slan ona*for-one «PRM0.50 Jul 31 Aug 7 NA BONUS ISSUE ExBooks Company Ratio data close Zagro One-tor-one Jul t Jul 8 Jul 23 OTHERS ExBooks Acc 6 Company Ratio data close Paymt Osprey Maritim* 1) 872,975 2 5%
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    • 30 16 Company RtflMt iiaua AsiaMatrix tan right! (»ach wrt tnaras with carrying 3 warrants Rti to tub) tor ovary tan axlttIng ttiaras Company •onus Ittuo Motalock two-for-ona IDT ona-fortwo
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    • 154 16 Company Place Date Time CAM Inti A E Plaza Parkroyal Hot*l Prosperity Rm Level 3 The Plaza 7SOOA Beach Rd Aug 5 2.00pm Vicom A E 385 Sin Minq Drive S'pore (*****8) Aug 12 4.00pm Metro A 39IA Orchard Rd «26-01 Tower A Nqee Ann City S'pore<*****3) Aug
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    • 672 16 Payment (eta) Ex date Books close Pay date Alexandra SOc b 1.5 Sep 9 Sep 16 Oct 6 Avimo 20c 1 3.25TE Jul 21 Jul 28 Aug 13 Brilliant 8c b 0 8 Sep 23 Sep 30 Oct 13 Bukit Semb g 20 Aug 26 Sep 2 Sep
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    • 523 17  -  Second-quarter contraction lower than first-quarter’s decline but market ‘not out of the woods yet’ Oil KALPANA RASHIWALA THE fall in private home prices slowed to 8.3 per cent in the second quarter from 9.3 per cent in the first. However, it resulted in
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    • 144 17 COUNTER RATES Buying 00 Sailing Singapore dollars to one unit of foreign currency US dollar 1.7126 1.7499 Sterling pound 2.7749 2.8719 Australian dollar 1.0227 1.0667 Canadian dollar 1.1094 1.1461 NZ dollar 0.8683 0.9081 EC Unit -~.~~.~~I 1.9541 Singapore dollars to 100 units of fortign currtncy Austrian schilling 13.4855 14.2322
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    • 111 17 Contract dote: August 7. 1998 Unit One mth 3 mths 6 mths 9 mths 12 mths Call Value date US$ 5 57» 5/. S/. 57» 47» 12/8 A$ 47, 47» 47, 47. 47, 37. 12/8 HZ 5V. 6/. 6/. 67, 67, 57, 12/8 STO 7 77» 77»
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    • 517 17  -  By ALVIN TAY AN D TAN LI ENG A MERE one-fifth of POSBank savers account for 90 per cent of its total deposits and the bank needed to restructure itself and offer more services or lose them, said DBS Bank chairman S. Dhanabalan
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    • 751 17 Managers' prices: August 8,1998 Aberdeen Atiet Mgt All* Ltd Aberdeen S pore Gr Fund 0.684-0.720** Aberdeen Select Portfolio (at NAV) American Opportunities Fd 0.950** Continental Europe Equity Fd 0.950** Japan Equity Fd 0.950** Asian Fined Income Fund 0.939** Pacific Equity Fund 0.770** Indootsun Equity Fund 0 492** Malaysian
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    • 3924 18 Transaction date: August 7,1998 INDUSTRIAL 199a High Low COMMERCIAL Curr Last Company Traded Sal* ♦Of Vol 000 Day Hiqh Low G^s 0!v% Net M Cap P/E Smil Wt Avg Price 43 12.5 ACE Dynamics20c 16 •1 199 16.5 16 0.1 20.0 13.1 17 31 19.5 ASACaramic 20c
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    • 852 18 1998 High Low Company Curr Lost T roded Solo ♦Of* Vol '000 Day Hiqh Low Or*» Olv Ntt P/E M Cop $mil Wt Avg Prlco 134 50 abp Higgs 5c 79 unch 16 79 79 38.5 79 243 53 e AS Auto 10c 53 -6 168 59 53 15.ON
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    • 1485 19 BONDS, LOANS WARRANTS Transaction date; August 7,1998 j 1998 Last vol Day Last Quote Wt Avg High Low Company Sale ♦Of '000 High Low Buyer Seller Price 21.5 9 m m AMDS C5.5%*****6 9 8 10 20.5 3 “Acer W*****1 US$ 4 unch 2 4 3 3 6 95 7
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    • 1396 19 Transaction date: August 7,1998 1998 Hiqh Low Company Curr Last Traded Sale Vol ♦or'000 Day High ■PW Cross div Net P/E M Cap $mil MALAYSIAN STOCKS (in S$) 135 28 m AISB 50C 31 •1 130 32 30 5.0 13.0 31.8 65.5 10 m AMDS 50c...... 11 unch
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    • 360 20  -  National carrier will buy 5% to 10% equity interest initially and may raise shareholding over time Bu CHAN WEE CHUAN SINGAPORE Airlines (SIA) said on Tuesday it will take a stake in China Airlines, possibly of between 5 and 10 per cent in size.
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    • 397 20  -  NEW TAS PENALTIES FOR PHONE OPERATORS Bu TAMMY TAN TELEPHONE operators can now be fined up to $1 million for service breakdowns double the maximum under existing guidelines as part of a new penalty scheme put in place by the Telecommunication Authority of
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    • 146 20 COMPACT disc maker SM Summit Holdings said on Wednesday that it had filed a suit seeking damages from parties related to last year’s raid by anti-piracy watchdog Business Software Alliance (BSA). The suit, undertaken with subsidiary Summit CD Manufacture, has been filed in the High
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    • 536 20  -  Hu JEAN CHIA UNITED Overseas Bank (UOB) last Friday reported that interim net profit fell 35.4 per cent to $256.4 million from a year earlier. The news was mitigated by a heartening drop in its regional exposure and its assurance that regional non-performing
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  • Page 21 Advertisements
    • 1051 21 The Straits Times W eekly Edition iSSs-SSiiS'iy?:; The Stock Exchange of Singapore is one of Asia's leading stock markets. We are now seeking a suitable candidate to join our team. STOCK EXCHANGE OF SINGAPORE LTD Development Officer Reporting to the senior management, the successful candidate’s responsibilities will focus primarily on
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  • Page 22 Advertisements
    • 785 22 MINISTRY OF THE ENVIRONMENT Join Captain Green in the on-going battle to save our environment by embarking on a career with ENV. Our mission is for Singaporeans to enjoy a clean living environment and a high standard of environmental public health, protected against the spread of communicable diseases. You’ll also
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  • FORUM
    • 278 23 I REFER to the recent letters to the Forum Page regarding the Singapore-Malaysia relationship issues. As Singaporeans, we should not sit back and tolerate the wrongful accusations hurled at us by another country. While Malaysia accuses us of deliberately not promoting tourism for Malaysia,
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    • 366 23 THE scene of the Malaysian Prime Minister whipping up anti-Singapore feelings on TV the other night was frightening. To me, it was reminiscent of film footage of Adolf Hitler stoking the fires of hatred. Each time this happens, we ask ourselves why is it
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    • 506 23 THE Land Transport Authority (LTA) has singled out Orchard Road as the entry point to the CBD which requires the highest per-entry fee of $2.50. One reason given is that it accounts for half the traffic volume that clogs up Bras Basah Road. I would like to
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    • 345 23 TWO related reports, “More teens resorting to violence” and “Courts to be stem with teen offenders” (ST, Aug 3) deserve serious attention and discussion. I am disturbed by the increase in the use of violence by teenagers and even more by the measures being considered
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  • 463 24 SENIOR Minister Lee Kuan Yew has written his memoirs, vhich will be published in two volumes. The first volume of the book, titled The Singapore Story: Memoirs of Lee Kuan Yew, will be launched on Sept 16 to coincide with his 75th birthday. I’he
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  • 503 24  -  TREATMENT AT CHANGI tin GEOFFREY PEREIRA FORMER futures trader Nick Lesson, 31, who bankrupted Britain’s oldest merchant bank, Barings, and was jailed here in 1995 for cheating, has colon cancer. He is now being treated at the prison ward of the Changi General Hospital. A
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  • 593 24  -  Singaporeans must signal to investors that they will do everything necessary to stay in business, says BG George Yeo Bn By ZL RAID All IBRAHIM SINGAPOREANS must send a clear signal to investors that they are prepared to do whatever it takes to
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