The Straits Times : Weekly Overseas Edition, 10 October 1998

Total Pages: 24
1 24 The Straits Times : Weekly Overseas Edition
  • 21 1 The Straits Times Weekly Edition Saturday October 10, 1998 Price: S$ 1.20 (in Singapore) Elsewhere by subscription only MITA (P) 080/08/98
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  • 559 1  -  He issues decree requiring equal treatment for all Indonesians and bans use of the word ‘pribumi’ SUSAN SIM INDONESIA CORRESPONDENT JAKARTA President B. J. Habibie has taken the first step to eliminate state-sanctioned racial discrimination, issuing a decree that requires all government bodies to
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  • Article, Illustration
    97 1 EUIITED DAACT. alpho\socha\ HUH I lK dUUoI; Six more F-16C/D Fighting Falcons, part of the 18 that Singapore bought in 1994, arrived at the Tengali Air Base on Wednesday. The F-16C/D is among the world’s most sophisticated and advanced multi-role fighter aircraft. The six fighter planes had flown
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  • PRIME NEWS
    • 519 2  -  The small number that signed the Advance Medical Directive is not a problem it will increase, says Health Minister *L LEONG CHING ABOUT 500 Singaporeans have signed an Advance Medical Directive since it became law in July last year, said Health Minister Yeo Cheow Tong.
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    • 466 2  -  By BRENDAN PEREIRA IN KUALA LUMPUR DATUK Seri Dr Mahathir Mohamad said on Thursday that he was prepared to step down after 17 years as Prime Minister of Malaysia once the economy stabilises. He had no intention of remaining at the
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    • 497 2  -  By BRENDAN PEREIRA IN KUALA LUMPUR WEARING a neck brace, sacked deputy prime minister Anwar Ibrahim appeared in the High Court on Monday to hear the judge set Nov 2 for the start of his trial on corruption charges and order an immediate halt
      REITERS  -  497 words
    • 257 2 Reuters, AFP KUALA LUMPUR Sacked Malaysian deputy prime minister Anwar Ibrahim’s family and lawyers have been allowed to see him over the last two days. His lawyers said they held their first meeting with him in his police cell yesterday to prepare his defence against
      Reuters,; AFP  -  257 words
    • 513 3  -  MARY KWANC CHINA CORRESPONDENT BEIJING So many people in Beijing were keen on getting copies of the China edition of Senior Minister Lee Kuan Yew’s memoirs that organisers of the book launch were forced to limit attendees to one book each. Many
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    • 232 3 BEIJING Senior Minister I.ee Kuan Yew is donating royalties from sales of the China edition of his memoirs to educational causes in China and Singapore. Mr Xu Mingqiang, editor-in-chief of China’s Foreign languages Press, co-publisher of the book with Federal Publications
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    • 565 3  -  How much and when will be known by the end of this year, after the report on S pore’s competitiveness comes out JOANNE LEE and ALISON DE SOUZA A CUT in employers' 20 per cent monthly contributions to the Central Provident Fund
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  • HOME
    • 452 4  -  The new licences will be for five years, renewable for three-year terms, and need a $1 million performance bond TAMMY TAN THE Government is to license an unlimited number of new Internet service providers (ISPs) as long as each meets minimum licence and service
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    • 302 4 MORE than 90 people were rounded up on Thursday in islandwide drug raids conducted bv the Central Narcotics Bureau. During the operation, codenamed Operation Dragnet, a series of simultaneous raids were conducted at various places, including downtown, Housing Board flats and public parks.
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    • 232 4 NO MORE UNANNOUNCED QUESTIONING MALAYSIAN police assured their Singapore counterparts at a meeting on Tuesday that they would inform Singapore of future interviews to be conducted here to avoid any misunderstanding on the exercise of police powers. Malaysian police also gave assurances that the
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    • 273 4 THE Government will pay out $4O million over the next five years to help local firms streamline operations and save on inefficiency costs. Minister Without Portfolio Lim Boon Heng said on Thursday that the $4O-million investment will help 1,000 companies here save up to
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    • 541 5  -  Motive is unknown, but detectives think the rioters could be out to extort money from the brothel owners fit JASBIR SINGH MORE than 20 youths armed with wooden poles, parangs and sledgehammers went on a rampage and smashed up four brothels in Lorong
      T\\ SCAN AW  -  541 words
    • 575 5  -  *1 ALLISON LIM COLORECTAL cancer is now the No. 1 cancer in Singapore, surpassing lung cancer. About 90 per cent of all such cases have no clear, single cause, said Dr Eu Kong Weng, a consultant colorectal surgeon in the Singapore General
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    • 238 5 PM'S SUIT AGAINST JEYA PRIME Minister Goh Chok Tong has agreed to accept instalment payments of the defamatory damages owed to him by Mr J.B. Jeyaretnam, and to postpone his bankruptcy action against the Workers' Party chief. The Prime Minister, in response to a
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    • 627 6  -  The number of applications for court protection from family abuse rose by about 50% in ’97. »1 TAN 001 BOON WHEN husbands and wives fight, half the time one or the other emerges bloodied or bruised, Subordinate Courts research has found. Many
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    • 656 6  -  BRAEMA MATHI EIGHT-YEAR-OLD Gabriel hates going home. He prefers to stay at his classmate’s home, where he can play with the dog, bathe in a bathtub, enjoy a home-cooked dinner and watch television with the family. Gabriel’s sister, Angeline, 11, hates going home, too. She
      I.AI- FOOK KONG  -  656 words
    • 608 7  -  Plots will be re-used every 15 years and the existing remains either cremated or re-buried in smaller graves «a. DOMINIC NATHAN SINGAPORE will start recycling graves from next month, because cemetery space here is disappearing fast. Families can still choose to bury their dead,
      CEOKCECASCON  -  608 words
    • 320 7 THE Mufti of Singapore, the highest Islamic authority here, has assured the Muslim community that the new policy of re-using graves is not against Islamic principles. Syed Isa Semait told The Straits Times: “In the eyes of Islam, the important thing is to ensure
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    • 182 8 GRANDFATHER, father and son were at the launch of the Anglo-Chinese School book to mark ACS' 10 years as an independent school in Dover Road last Friday. The school’s most distinguished old boy. Mr Lim Kim San. 82. who is Singapore Press Holdings' executive chairman and a
      STEPHANIE n ow  -  182 words
    • 544 8  -  The amount S’poreans spent overseas has increased by an average of 12 per cent a year over the last three years Bu WALTER FERNANDEZ SINGAPOREANS spent an estimated $9.1 billion abroad last year, up from $8.2 billion in 1996 and $7.2 billion in 1995, according to
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  • Page 7 Advertisements
    • 264 7 1 Subscribe and win a free trip! Be one of our 3 lucky winners to win a return air ticket to USA, London or Australia when you subscribe to The Straits Times Weekly Edition for a minimum of 6 months. W Subscribe for 12 months and you will receive 2
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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
    • 845 9  -  The Singapore Sports Council has hired professional consultants for the purpose §1 S. MURALI SINGAPORE sport is set to undergo its second major revamp next month in preparation for the next millennium. The Singapore Sports Council has hired professional consultants, who have been canvassing
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    • 683 9  -  PETER SIOW THE S-League may lose two member clubs for next year’s tournament owing to financial difficulties. But before that happens, it plans to come up with a campaign to ensure that all 11 clubs pull through the crisis that is hitting the region and
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  • MALAYSIA
    • 385 10  -  There is no urgency to seek renewed mandate, he says, adding that the nation must focus on economic recovery BRENDAN PEREIRA IN KUALA LUMPUR PRIME Minister Datuk Seri Dr Mahathir Mohamad has put an end to speculation that a general election will be held soon, saying
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    • Article, Illustration
      63 10 DOUBLE VISION: Shoppers would have been forgiven for doing double takes at the Suria KLCC shopping complex in Kuala Lumpur on Sunday, when 10 sets of identical twins (above) turned up for a contest. Joelle and Noelle Goh, 18, won the Most Identical Twins Award and a holiday
      NEW STRAITS TIMES  -  63 words
    • 371 10 Bernama, Reuters, New Straits Times KUALA LUMPUR Malaysian police, citing safety concerns, on Tuesday barred supporters of Prime Minister Datuk Seri Dr Mahathir Mohamad from holding a mass rally here today. Kuala Lumpur police chief Datuk Kamaruddin Mohamed Ali said that police had decided for security
      Bernama,; Reuters,; New Straits Times  -  371 words
    • 338 10 KUALA LUMPUR A high percentage of cargo to and from Penang still passes through Singapore instead of Port Klang because the main shipping lines do not call at the Malaysian port, said shipping companies. ‘There are still many destinations that are not offered by shipping lines
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    • 287 10 New Straits Times JOHOR RARU Johor customs officers will now be able to approve applications by travellers to take more than RMIO.OOO (554.000) worth of foreign currency out of Malaysia up to a maximum of RM.50,000. Previously, all such applications had to be forwarded
      New Straits Times  -  287 words

  • SOUTH-EAST ASIA
    • 438 11  -  By EDWARD TANG THAILAND CORRESPONDENT BANGKOK Thai Prime Minister Chuan Leekpai formed a new 49-member Cabinet on Monday, bringing in the opposition Chart Pattana Party (CPP) in the first major reshuffle of his 11-month-old ruling coalition. King Bhumibol Adulyadej approved the new line-up and
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    • 464 11  -  At Abri’s 53 rd anniversary, he warns again of threat Sosed by radicals out to estroy the reform process Reports hy DERWIN PFRKIRA IN JAKARTA PRESIDENT B. Habibie on Monday called on the powerful armed forces (Abri) to adjust its political role and crack down
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    • 149 11  -  By NIRMAL GHOSH PHILIPPINES CORRESPONDENT MANILA The Supreme Court on Tuesday upheld an appeal by former First Lady Imelda Marcos against an earlier conviction and 12-year jail sentence. In a 23-page decision, the court reversed the earlier ruling which had upheld a conviction on graft
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    • 149 11  -  By ANITTRA CHINALAI IN BANGKOK THE Singapore Government has awarded scholarships to 15 Thai students to study in Singapore as part of the SingaporeThailand Enhanced Partnership (Step) programme to broaden cooperation between the two countries. In a ceremony last Thursday, Singapore Ambassador to Thailand Wong Kwok Pun presented
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    • 219 11 THE national police will be separated from the Indonesian armed forces (Abri), military chief General Wiranto said on Sunday. Announcing this at a press conference, he said the decision to separate the police was “in observance of national, regional and global developments in so-cio-political
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  • COMMENTARY
    • 577 12 SATURDAY October 10,1998 There was uncertainty over whether Indonesian President B.J. Habibie and Philippine President Joseph Estrada would attend the Apec summit next month. The latest indications are that they will go to Kuala Lumpur. This is as it should be. Both have been forthright about
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    • 591 12 THURSDAY October 8,1998 ONE reason why the International Monetary Fund failed to stem the financial blood-bath that has drained Asia in the past year is that its programmes did not initially address the fundamental cause of the crisis short-term private-sector debts. Significantly, South Korea, which the IMF
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    • 815 12  -  SECOND LAST WORD 111 808 NG WHAT local event which was billed as a "world's first" did not make Page One lead in The Straits Times, became a non-event after being reported on just three days, and faded into virtual oblivion within
      soil HON MI’S  -  815 words
    • 1079 13  -  MY VIEW K'J I,FONG CUING RACE, like sex, is a political hot potato. So, it is astonishing how many politicians have been inept in handling one or the other recently. But, despite their seductions, sex scandals are really tiny grenades.
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    • 917 13  -  BY THE WAY TAN SAI SIONG WITH the Government going fullsteam to build up the bind management industry in Singapore, it may be considered politically incorrect to declare that I will not put my savings with bind managers. However, despite this possibility, I daresay such a
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  • INSIGHT
    • 1851 14 From Vision 1999 to Agenda for Action to The Next Lap to S2l, you might say: So what is nexe about consulting the people? Have their ideas really made a difference to policy-making or are they Just window dressing? LEOHG OMb appraises consultation exercises past and
      NOEL ROSAI.KS  -  1,851 words
    • 1025 15  -  THINKING ALOUD «V SONNYYAP “SINS of Singapore’s architects”. “Negligent, inept doctors draw fire”. “Lawyer struck off roll”. “Ex-Amcol directors found guilty”. This is but a small sampling of headlines of recent reports in The Straits Times about professionals and executives who strayed from the straight
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    • 1020 15  -  THIS WEEK IN POLITICS t ilt A LEE HOONG DATUK Seri Anwar Ibrahim’s appearance in court last Tuesday was meant to have stilled the confusion and alleviated the unease among Malaysians, who in the past weeks have been fed nothing more tangible
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  • MONEY
    • 382 16 SINGAPORE shares rallied strongly this week, sparked by the stunning reversal of the US dollar against Asian currencies. Dealers said US and European institutions bought aggressively into blue chips to take advantage of the rapid appreciation of regional currencies in the light of
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    • 1723 16 Company Date ann Net earn TY LY <$m) ($m> EPS TY LY fete) (eti) Asia Food Sep 30 1 99.061 24.729 3.41 2.50 Asa Ceramic Sep 14 1 3.752 3.552 2.88 284 Alliance Tech Sep 21 1 5.836L 5.432L 7L 7L Acma Sep 25 1 10.357 ion 630
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    • 76 16 Straits Times Index The Straits Times Index rose 76.66 points the week to 976.65. on DAY CLOSE TURNOVER Monday 8B3.86 (-16.13) 90.838 ($122.825m) Tuesday 891.48 7.62) 72.210 ($114.572m) Wednesday 921.57 (*30.09) 170.957 ($237.110m) Thursday 950.96 (*29.39) 254.811 ($398.727m) Friday 976.65 (*25.69) 308.078 ($459.908m) BT-SRI Index The BT-SRI
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    • 929 16 Payment (cts) tx date Book! cloie Pay date Alexandra 50c b 1.5 Sep 9 Sep 16 Oct 6 Acma 50c 1 2.5 Oct 6 Oct 13 Oct 27 ASA 10c b 1.5TE Sep 22 Sep 29 Oct 13 Arab M'sian 50c b 0.5 Oct 1 Oct 8 Oct
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    • 129 16 RIGHTS ISSUe exBooks Ace A Company Ratio date dose Paymt Hera ASA 1 for 2.204 *US$1.30 Sep 11 Sep 18 NA Pen M'slan ono-for-ona (PRMO.SO Jul 31 Aug 7 Sep 24 BONUS issue exBooks Campany Ratio date dote OTHCRS CxBooks Acc A Company Ratio date dote Paymt China
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    • 23 16 Company Rights Issua CK Tong Two Rights Sharts for •vary Ona $0.20 Shara hald.lssua prlca 21.5c Company Bonus Issua Oatacraft Ona-forona
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    • 120 16 Company Place Date Time OAF E OAF Ltd 224 Pandan Loop S pore (*****1) Oct 20 11.00 am OAF E OAF Ltd 224 Pandan Loop S’pore (*****1) Oct 20 11.00am BMT A 17 Phillip St 808 00 Grand Bldg Board Room S'porel*****5) Oct 15 2.30pm Popular A Pinetree
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    • 1177 17 UNIT TRUSTS FUNDS Managers' prices (S$) UNIT TRUSTS Aberdeen «net Mot Asia ltd Aberdeen S pore Gr Fd 0 623 0.655 Aberdeen Select Portfolio (it NAV) American Opport Fd 0.860 Continental Euro Eqty Fd 0.852 Japan Eqty Fd 0 948 Asian Fired Income Fd 0.874 Pacific Equity Fd 0.717 Indonesia
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    • 179 17 COUNTER RATES (9am, Oct 9) Buying OD Soiling Singapore dollars to one unit ot foreign currency Australian dollar 1.0160 1.0370 Canadian dollar 1.0610 1.0830 NZ dollar 0.8620 0.8810 Sterling pound 2.8180 2.8470 US dollar ***** 1.6570 Singapore dollars to 100 units of foreign currency Austrian schilling 14.10 14.50 Belgian
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    • 478 17  - World Bank unitissues Sing bonds IFC’s s3oom triple-A issue will add depth to Singapore’s capital markets and raise its standing as Asian financial hub LEE SIEW HLA USCORRKSRONDFNT WASHINGTON The World Bank's investment arm is the first foreign issuer to launch triple-A Singapore-dollar-de-nominated bonds, giving a boost to the Singapore
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    • 321 17  -  IMAS ADVISES UNIT TRUST FUNDS BtL NG WEIJOO UNIT trust funds with more than 10 per cent worth of Malaysian assets in their portfolios could consider “ring fencing" such holdings, the Investment Management Association of Singapore (Imas) suggests. The segregated assets could be valued
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    • 309 17  -  By Btf NARENDRA AGGARWAL SINGAPORE is on track to meet the targeted $7-8 billion in fresh investment for the manufacturing sector this year, says Economic Development Board chief Philip Yeo. “The target of $7.8 billion announced by the PM is achievable. We are now working on
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    • 3671 18 Transaction date: October 9,1998 MULTI INDUSTRY 1998 Curr List Vol Day Gr’s N#1 1 M Cap Wt Avg High Low Company Traded Sale ♦or000 High Low Dlv P/E $mil Price 142 49.5 mt Acmi 50c 55 *d ♦1 220 55.5 54 27.5 3.9 91.0 55 65.5 38
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    • 770 19 1998 High Low Curr L»t Company Traded Sale ♦or* Vol '000 Day High Low Cr'* Div Net P/E M Cap $mll Wt Avg Price MANUFACTURING 243 30 e AS Auto 10c 65.5 unch 3294 66.5 64 15.0N 6.2 74.8 6S 82 47 e ASJ Hidgs 20c .48 2.5 260
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    • 1219 19 BONDS, LOANS WARRANTS Transaction date: October 9,1998 1 1998 High Low Company Last Salo ♦or* Val 000 Day High Low Last Ouoto Buyor Sailor Wt Avg Prlct 20.S 3 ♦Acor W*****1 USS 4 ♦1 108 4 3.5 3.5 4 95 4.5 Acmo DV*****4 6 ♦0.5 126 6 5.5 5.5 6
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    • 131 19 Transaction date: October 9,1998 <998 Hiqh Low Csmpony Curr Last Tradtd Sal* Vol ♦or* 000 Day Hiqh Low Grot* dl*% Nat P/E M Cap )mll HONGKONG STOCKS 400 HK400 8.0 20.5 7744.7 HK720 265.0 6.0 ***** 4 MK<780«d 240.0 3.0 *****.5 MK580 <36.0 65 *****4.8 MK35S0 27.0 3.1
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    • 694 20  -  Investors focusing on S pore shares now that the over-the-counter market for investing in KL shares is closed Bn CHAN WEE CHLAN THE demise of Malaysian shares traded on Clob has given Sesdaq stocks and other sec-ond-liners a new lease of life. A total
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    • 490 20 AFP, Reuters, Bloomberg News LONDON The latest forex data show’ that Singapore has increased its competitive advantage over its Asian neighbours, according to analysts. London is still the biggest foreign exchange market in the world and the leading pole for over-the-counter derivative contracts, the Bank of
      – AFP,; Reuters,; Bloomberg News  -  490 words
    • 371 20  -  WILLIAM CHOONG EMERGING from two years in the loss-making wilderness, Apple Computer is banking on its Singapore plant to meet the strong demand for its new iMac computer the best thing to happen to the company since the best-selling Apple 11. Apple’s Ang Mo Kio
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  • Page 19 Advertisements
    • 44 19 r •%r v Lf K ■<* V fastßds A weekly guide to pubs and lounges, every Friday in The New Paper Fastads. THE MUSIC PACE Your weekly guide to what's hot and hip on the music scene -The New Paper Fastads, every Tuesday. Cmat > y
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  • Page 21 Advertisements
    • 955 21 vXy The Straits Times Weekly Edition V. Xv.-.v. V INTI esplanade THEATRES ON THE BAY Setting the Stage for the Arts Esplanade Theatres on the Bay will be Singapore's premier international performing arts centre. When it opens in 2002, it will comprise world-class venues to host the best Asian and
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  • Page 22 Advertisements
    • 1062 22 A The Leading Internet Services Company We’re looking for the best. A world-class team of Internet specialists dedicated to helping our blue-chip companies throughout the region build cutting-edge businesses online. Since 1994, Silkßoute Ventures has been a pioneer in the Internet industry, respected as innovative, entrepreneurial and passionate about shaping
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  • FORUM
    • 418 23 DURING the Warring States period, China was divided into many kingdoms. The king of the Kingdom of Qin had many talented people from other states, called guest officials, working for him. Many of them occupied high positions and were rewarded well. These
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    • 343 23 Cherish the good life but reassess values THE letter “Do not take comfortable life here for granted” from Li Jiawen (ST, Oct 1) provides some food for thought. The writer has pointed out rightly that parents are indulging their children too much nowadays. This concern could not have been more
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    • 459 23 I REFER to the report “Singapore media accused of exploiting issue” (ST, Oct 1). This must be the umpteenth time that a Malaysian leader has accused the Singapore media of being biased and of running Malaysia down. Singapore’s Straits Times, in my opinion,
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    • 404 23 I REFER to your report, “Malay party disputes account of 1964 riots” (ST, Sept 29). The Singapore National Front (SNF) maintained that the 1964 race riots were caused by pre-existing tensions between Chinese and Malays in Singapore and were not instigated by Umno. SNF president
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  • 611 24  -  Singapore also rebuts KL minister’s claims about approval time in recent search-and-rescue operation *L DOMINIC NATHAN THE Defence Ministry said last Friday that allegations of intrusions by Singapore ships and aircraft into Malaysia were untrue. It also rejected Malaysia’s version of events surrounding the search-and-rescue
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  • 539 24  -  fll GERALDINE YEO TEN-YEAR-OLD Amy Swan has spent the last three weeks in hospital and is still undergoing kidney dialysis treatment alter a near-fatal attack bv hornets, which stung her 91 times. What was supposed to have been a leisurely hike and picnic
    ALBERT SIM  -  539 words