The Straits Times : Weekly Overseas Edition, 5 December 1998

Total Pages: 24
1 24 The Straits Times : Weekly Overseas Edition
  • 19 1 The Straits Times Weekly Edition Saturday December 5,1998 Price: S$ 1.20 (in Singapore) Elsewhere by subscription only MITA (PTTFSo/08/98
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  • 639 1  -  Disabled can wheel themselves into trains; MRT also studying how to retrofit other stations §!L BRAE VIA MATH I THE disabled can wheel themselves into the MRT trains along the North-East line when the system is ready in four years’ time, the Land Transport Authority
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  • 327 1 TWENTY-SEVEN suspected illegal immigrants tried to sneak into Singapore on Sunday by hiding in an empty tanker. For about two hours, the 23 men and four women squeezed into the tanker’s three compartments, each one no bigger than a toilet cubicle.
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  • Page 1 Advertisements
    • 69 1 T P S N L Y FORGOODSERVIC E Scrap That 10% Service Charge Over the past two weeks, ST readers have griped about paying for bad service. Some restaurants want the levy; others will bring tipping back, pace a Nostalgia reigns at eusoffcollege Homecoming for hostelites Hugs, smiles and girlish
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  • PRIME NEWS
    • 468 2  -  Heritage Foundation and The Wall Street Journal rate it tops, despite HK’s pole ranking By WANG HLI LING HONGKONG CORRESPONDENT SINGAPORE is effectively the world’s freest economy despite Hongkong’s top position in an international economic freedom index. Unveiling their latest Index of Economic Freedom, the
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    • 471 2  -  ACCUSED A MEMBER OF PARLIAMENT SINCE 1988 By ELENACHONG CHOO Wee Khiang, 44. a Member of Parliament for Jalan Besar GRC, was charged on Tuesday with helping a man to cheat a finance company by issuing false invoices. It is possibly the first
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    • 215 2  -  §1 KOH BOON PIN THE Singapore Cruise Centre, upgraded for $23 million, is now set on achieving a new target of becoming the number one cruise port in the world. “Our benchmark is Changi Airport, which has consistently been the world’s best for airline
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    • Article, Illustration
      92 2 MP CHOO Wee Khiang, seen here outside the Subordinate Courts on Tuesday, faces two charges of helping Wong See Kee cheat UMBC Finance into lending Wongs construction company, Canspar, $l.B million. Choo, a director of Mei Marketing, allegedly abetted Wong to get an $830,000 loan by issuing a
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    • 536 3  -  New passports issued from next September will have more security features «i ALISON DE SOUZA FROM September next year, new passports will have more security features and take three working days to process instead of seven, thanks to a new automated production system.
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    • 324 3  -  *IL DOROTHY HO THE keenest competition for 12-year-old Lim Ming Jing comes from herself. This year’s top Primary 6 pupil drives herself to be the best in all she does. Asked what inspires her, the Nanyang Primary School pupil said: “Me, I inspire myself.” She scored
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    • 672 3  -  By AHMAD OSMAN THE Government has a new scheme to allow civil servants who arc 60 years old to continue working until they are 62, without necessarily suffering a pay cut. It has done this because of a change in the law, which
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  • Page 2 Advertisements
    • 202 2 GAIN A STRATEGIC UNDERSTANDING OF THE ASIA PACIFIC REGION 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 one
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  • HOME
    • 311 4  -  New moves to raise teaching standards include NIE diploma course and certifying agencies Bit SANDRA DAVIE KINDERGARTEN teaching is to get a boost with a new National Institute of Education diploma course, new preschool curriculum guidelines, and certification of private agencies that train kindergarten
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    • 374 4  -  !h. ALISON DE SOI ZA THE Salvation Army is building its biggest-ever project here, a $27-million nursing home for the aged called Peacehaven. It is being built in Changi and will be able to take in 339 elderly people when it opens in the year 2000.
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    • 349 4  -  !2l LEA WEE THREE-YEAR-OLD Jay Li. who had leukaemia, will soon meet the retiree who saved his life. It was Mr Leong Seng Chen. 52, a regular blood donor, whose bone marrow best matched Jay’s out of 2.5 million potential bone-marrow-donors. Last September,
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    • 506 4  -  »1 JANICE TAY TIIEY still hold hands in public and they have been married for 44 years. So it is little wonder that Mr Peter Pong. 74. and his wife. Madam Helen Foo, 67. were judged the Golden Couple last Friday in a photo contest. Mr
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    • 562 5  -  An $B-m system is being developed for payment by credit cards, ATM cards or Cash Cards *!L GERALDINE YEO FROM August next year, taxi fares can be paid by credit card, charge card, ATM card or CashCard, as well as cash. Comfort and
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    • 417 5  -  Bit 1 KARAMJIT KALR PASSENGERS can make free phone calls on two Tibs 171 buses in a month-long trial which started on Tuesday. The phone is placed just before the exit door of the buses, which ply between Yishun and Marina South. But
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    • 303 5  -  Bu CHIN SOO FANG MEMBERS of Safra will have their membership fees waived for three months and pay lower booking fees to use club sports facilities. Minister of State for Defence Matthias Yao, who is also president of Safra, said membership fees will be
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    • 418 5  -  »1 KARAMJIT KALR HERINALEE Draman, eight, can look forward to new clothes for Hari Raya Puasa in January and more visits to her favourite satay stall. This is because her father, Mr Abu Draman, 56, a taxidriver, will get an extra $1,751 next year
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    • SHOULD THE SERVICE CHARGE GO?
      • 744 6  -  Restaurants should earn, not demand, the 10 per cent charge, say readers who want to scrap it. Hu ALLISON LIM MANAGER Robert Chia, 35, was made to wait about an hour for his table at the Poly Shark's Fin Seafood Restaurant in Tampines. He
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      • 461 6  -  DROP IT TO KEEP CUSTOMERS By KOH BOON PIN and CINDY LIM RESTAURANTS that do not impose a 10 per cent service charge say it is a matter of stavng competitive in this economic climate. Mr Salvatore Carecci, partowner of the chain of Pasta Fresca
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      • 435 6  -  SINGAPOREANS ‘NOT GOOD TIPPERS' EVELYN YAP THE service charge should stay because Singaporeans are not good tippers. Eight out of 11 restaurateurs who run 20 restaurants among them said that their staff would lose out if the 10 per cent charge was
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      • 197 6 SINGAPOREAN diners may not be so hard to please after all. Readers who phoned, faxed or e-mailed the ST Newsline said that while they do not mind tipping, there are 10 roles they do not wish to play in a restaurant: Octopussy: Waving arms
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    • 556 7  -  Mr Jeyaretnam, WP and a party veteran are told to pay $265,000 to Tamil language committee SIL AHMAD OSMAN TEN members of a committee which organised the first Tamil Language Week in 1995, on Monday won $265,000 in defamatory damages from Workers’ Party veteran A.
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    • 287 7  -  JANICE TAY NIGHTSPOTS such as discos and karaoke lounges will soon carry advertisements telling people who engage in casual sex to use a condom. The Health Ministry is trying this new approach to educate people about the risk of getting Aids through casual sex. No cure
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    • 384 7 SINGAPOREANS and tourists alike can walk through the history of modern Singapore with the launch of a permanent heritage trail in the Civic District by August next year. Three routes have been planned for the Civic District Heritage Trail. The longest route is 3.7 km. It
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    • 629 8  -  Nostalgia reigns as residents of the first women-only hostel celebrate its 40th anniversary Bu SITIANDRIAME THEY looked elegant and distinguished. some with hair flecked with grey. But many were turned into screaming, gushing “girls" when they saw each other again after some .30 years. “Oh my
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  • Page 8 Miscellaneous
    • 1063 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
    • 215 9  -  NETBALL «V BEN NADAR AJAN DEFENDING champion Singapore lost 30-51 to Sri banka in the Asian Youth Netball Championship final on Monday in New Delhi. The Sri Lankans were the first to score, but Singapore’s Under-21s fought hack and even took
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    • 337 9  -  Almost clean sweep by Tanjong Pagar of Best Fan Club, Young Player, Player of the Year awards Bip. SANTOKH SINGH S. SUBRAMANI led the way as Tanjong Pagar United made it a near clean sweep of the Tiger Beer S-League Awards at the Orchard Hotel
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    • 290 9  -  MARATHON Bti CHAN TSE CHLEEN IT WAS tough running under hot and humid weather. But South Africa’s Mosala Zacharia, 38, trudged past the finishing line at the National Stadium in 2 hrs. 27 min. and 27 sec. to win the Singapore International Marathon on Sunday. He was
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    • 304 9  -  ASLAN GAMES IN BANGKOK *L PETER SIOW THE Commonwealth Games debacle two months ago, which saw Singapore’s medal aspirations evaporate into thin air, has made prediction of its Asian Games hopes a dicey affair. Can Singapore better its one gold, one silver and five bronze
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    • Article, Illustration
      135 9 THE WINNERS THE affable Lim Soon Seng, 21, was named Shakev’s Young Player of the Year. He showed a maturity to establish himself as a first-choice player at Tanjong Pagar. His performances also earned him a national call-up. SHAMSUL MAIDIN, 32, won his second Referee of the Year award with
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  • MALAYSIA
    • 500 10 The incident, Penang’s worst in inanv years, terrifies 5,000 families in a housing estate New Straits Times PENANG A massive boulder the size of a double-storey house came crashing down a hill with rocks and mud last Saturday. At least 15 vehicles at
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    • 389 10  -  By DOUGLAS WONG IN KUALA LUMPUR MALAYSIA’S central bank and property developers have devised a plan to help sell about RMS billion (about Ss2 billion) worth of houses and property, by cutting prices by at least 10 per cent and casing finance and sales
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    • 253 10 Bernama KUALA LUMPUR Malaysia will resume its military exercises with Singapore anil three other countries under the Five-Power Defence Arrangements (FPDA) next year, Defence Minister Datuk Seri Syed Hamid Albar said. He said officials from Malaysia and Singapore would discuss the details
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    • 388 10  -  By BRENDAN PEREIRA IN KUALA LUMPUR THE man who accused Anwar Ibrahim of sodomy took to the witness stand on Wednesday and repeated the allegation before the former deputy prime minister, his wife and family. Mr Azizan Abu Bakar said: This heinous act was
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  • SOUTH-EAST ASIA
    • 501 11 Habibie joins in calls made by the religious leaders, pleading for an end to recent sectarian strife Reuters, AFP JAKARTA Indonesia’s president and religious leaders sought to cool religious strife and pleaded for an end to sec- tarian violence on Tuesday, a day after Christian
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    • 411 11  -  LUZ BAGUIORO IN MANILA THE prolonged Asian crisis has swelled the ranks of poor Filipinos during the past year and has left as many as 21 million with barely enough to eat, a se- nior official said. “There would probably be a slight
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    • 419 11  -  EDWARD TANG THAILAND CORRESPONDENT BANGKOK Thailand has throwm its support behind a US$l billion (SSI.6 billion; international effort reported to be led by the UN and the World Bank to break the political deadlock in Myanmar. Deputy Foreign Minister Sukhumbhand Paribatra has praised the two
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    • 278 11  - Take the factory and stocks let's get divorced By ANT TTRA CHINALAI IN BANGKOK THAI businessmen on the brink of bankruptcy have resorted to a scheme to avoid losing their assets to creditors assigning assets to their wives, who they then divorce. Under current Thai law, wives will not be
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  • COMMENTARY
    • 604 12 THURSDAY December 3,1998 EVER since the Asian financial crisis hit Malaysia a year ago, few have doubts that drastic changes are needed to revamp the country's beleaguered banks and financial houses. The fact is a good number of the 35 local banks and 45 finance companies
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    • 578 12 WEDNESDAY December 2,1998 THE Social Indicators Research Project, a survey carried out by the Institute of Policy Studies (IPS), reveals that fewer Singaporeans now feel that they can influence the shaping of public policy compared to the number five years ago. but that three in four still want
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    • 777 12  -  SECOND LAST WORD By SIA CHEONGYEW IF THERE is one thing that is sure to trigger off a journalist's inquisitive mind in the course of his work, it is when someone in authority puts the gag on him without the benefit of a proper
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    • 1105 13  -  VIEWPOINT a,j XGWEIJOO HATS off to Jurong Town Corporation and Citibank, N.A., for their maiden effort in bringing $lO million worth of bonds to the man in the street. There is no denying that this new form of investment has caught
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    • 1076 13  -  BY THE WAY Hr, TAX SAI SIONG A FORTNIGHT ago in this column. I had suggested that in Singapore, it is still possible to stretch the dollar. It is not the first time I have suggested this, as I have in my columns
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  • INSIGHT
    • 1746 14 The Parliamentary endorsement of the cost-cutting measures last week could be seen as a defining moment for the Goh Chok Tong Government. It took six months of consensus-building for the you nger leaders to convince the people to accept short-term pain
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    • 1062 15  -  THINKING ALOUD By Zl RAIDAH IBRAHIM IN THE movie Money No Enough, Jack Neo’s not-verv-cducated but street-smart character Ah Keong is pushed off his perch on the corporate ladder by a graduate still wet behind his ears. For most Singaporeans, it is a scene that strikes a
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    • 914 15  -  LAST WEEK IN POLITICS hj C HI A LEE HOONG THE Parliament sitting from Monday to Thursday dominated the pages of local newspapers last week. To the foreign media however, it was not proceedings in the chamber that were worthy of attention, but the lack of
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  • MONEY
    • 370 16  -  DENNIS CHAN SINGAPORE shares ended lower this week in volatile trading as the bulls and bears tussled for supremacy all week long. The week began on a bright note when bank shares rallied strongly as investors welcomed the relaxation of their capital adequacy ratios.
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    • 76 16 Straits Times Index The Straits Times Index dropped 37.63 points in the week to 1,357.13. DAY CLOSE TURNOVER Monday 1.416.55 (*21.79) 280.7m ($687.4m) Tuesday 1.368.70 (-47.85) 242.5m ($566.2m) Wednesday 1.383.59 (*14.89) 175.3m ($412.1m) Thursday 1,343.43 (-40.16) 228.5m ($385.9m) Friday 1,357.13 (*13.70) 205.5m ($362.7m) BT-SRI Index The BT-SRI
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    • 2056 16 Company Data ann Net earn TV LV <$m> <$m> CPS TV LV (Cts) (eta) As.* F COO Sep 30 1 99.061 ***** 3.41 2.50 Asa Ceramic Sep 14 1 3.752 3 552 288 284 Alliance Teen Sep 21 1 5.836L 5.432L 7l 7L Acma Sep 2S 1 10.357
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    • 112 16 BONUS ISSUC Books Acc t Company Ratio date dote Paymt Datacrjft ono-for-ono Nov 3 Nov10 Dec 21 OTHERS CiBooks Acc 6 Company Ratio date dose Paymt ST Non- Ranounc*ablo Oct 28 Nov 4 NA Capitol Offer for sale of up to 122,137,041 ord snares of $0.25 each in
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    • 55 16 Company Right» Issue ABR Hldgs Renounceable rights issue o* *****000 new shares ol $0.05 each at $0.25 per rights share on the basis ot 2 rights shares tor every one existing share. Company Bonus Issue Company Dividends Creative US$0.50 (or each ord share of par value SS0.25 for
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    • 95 16 Company Piece Date Time MHE Hldgs A Ficus i Juronq Country Club No 9 Science Centre Rd S'pore (*****8) Dec 7 10.00am Second Chi A Pilms Room Lion City Hotel IS Tenjong Ketong Rd S'pore (*****0) Oec 7 2.30pm Unco E 25 Senngoon N Ave 5 S'pore (*****4)
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    • 561 16 Payment lets) Ex date Books close Pay date Amtek 20c F 0.8TE Nov 25 Dec 1 Dec 11 AV Jennings A25c I 1.5 Dec 31 Jan 7 Jan 21 Burwill HKlOc F 4 Nov 5 Nov 17 Dec 3 Chuan Hup F 2TE Nov 19 Nov 26 Dec
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    • 1106 17 UNIT TRUSTS FUNDS December 5,1998 Managers’ prices (S$) UNIT TRUSTS Aberdeen lIMt Mgt All* Ltd NA Reg China Fund 0.425 0.450 Aberdeen S’pore GrFd 0.853 0.897 NA Reg India Fund 0.520 0.550 NA Fortune Fund/& 0.645 0.680 Aberdeen Seiect Portfolio (at NA¥) NA Global 100 Gr Fund 0.870 0.915 American
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    • 573 17  -  One will hold dialogues with market players while the other will offer global viewpoint of the world’s financial executives Bu TAN LI ENG THE Monetary Authority of Singapore (MAS) is setting up two private-sector advisory panels to formalise its ad-hoc approach to consultation with
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    • 305 17 THE Government will put $2O million into a venture capital fund to sniff out commercial potential in research and development in the life sciences. The investment company, Life Sciences Investments, is a joint venture between the Economic Development Board and National Science and Technology
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    • 4226 18 Transaction date: December 4,1998 MULTI INDUSTRY 1998 Migh Low Company Curr Last Tradtd Salt ♦orV«l 000 Day High Low Or'* Dlv Net M Cap P/E $mll Wt Avg Prlct 142 49 5 m t Acma 50c 73.5 -0.5 787 76.5 71 27.5 5.2 121.6 75 65 5
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    • 893 19 1998 High Low Company Curr Last Traded Sale ♦orVot ■000 Day High Low Cr's 01» Net P/E M Cap Smll Wt Avg Price MANUFACTURING 243 30 AS Auto 10c 118 ♦1 2131 121 113 15.ON 11.1 1347 121 82 45 e ASJ Midqs 20c. 58 •7 15 64 58
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    • 1041 19 BONDS, LOANDS WARRANTS Transaction date: December 4,1998 1998 High Low Company Last Sala ♦orVol ■ooo Day High Low Last Quota Buyar Sailor Wt Avg Prlco 20 5 3 A Ac*r W*****1 US5 .....13 5 uneh 26 14 13 13.5 14 95 4.5 Acma W*****4 '5 ■0.5 404 16 14.5 15
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    • 165 19 Transaction date: December 4,1998 1998 High Low Comppny Curr Lost Trodtd Solo Vol ♦or* 000 Osy High low Gross dlv Not P/l M Cip $mil HONGKONG STOCKS 400 250 COL (2000) MK400 8.0 20.5 7744.7 Cttfipy P«c 20c HK720 265.0 6.0 *****4 Choung KongSOc HK1780 240.0 3.0 *****
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    • 615 20  -  Includes index-linked covered warrants and re-introduces one-month settlement contracts Bn JEANCHIA THE Stock Exchange of Singapore (SES) will introduce covered warrants on stock indices and revive the one-month settlement contract with margin requirements. This is part of its move to “develop new products to increase the
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    • 484 20  -  Bn MARY KW.ANG CIMN VCOKRKSFONOKNT BEIJING Regional industrial park developer, JTC International, has clinched a contract to design the masterplan for an industrial park in China’s fourth-most populous city. The consultancy contract, signed last month, requires JTCI to draw up the master blueprint for the
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    • 271 20 TRANSPORT group Comfort announced a 16.9 per cent increase in interim group net profit to $l9 million but said that it did not include provisions for losses from its property investments. Instead, it said it would make provisions estimated currently at $l6 million only at
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    • 212 20 TO COMBAT the economic downturn, the Economic Development Board (EDB) is reintroducing an investment allowance scheme which allows companies to make tax deductions for their capital expenditures. Under the liberalised investment allowance scheme, or LIAS, the EDB will grant a 30 per cent allowance
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    • 273 20  -  Rcjioris hi/ TAMMY TAN SINGAPORE Telecom, which last Friday announced its slowest ever post-listing profit growth of 3.4 per cent, warned of tougher times ahead as the regional economic crisis worsened. Net profit for the six months to September inched up to $997-6 million,
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  • Page 21 Advertisements
    • 1116 21 The Straits Times Weekly Edition APPOINTMENTS PARAGON THE PROMENADE Orchard 290 Ltd, a joint venture between Singapore Press Holdings, Lum Chang Holdings Ltd and SC Global Pte Ltd manages these 2 prime shopping centres in Orchard Road. We are now looking for a highly energetic and achievement-oriented individual who can
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  • Page 22 Advertisements
    • 1003 22 SINGAPORE iOCI CORPORATION OF S0 f REHABILITATIVE scoTi ENTERPRISES m Singapore Corporal of DIVISIONAL MANAGER (CONTRACT) Rehabilitative Enterprises (SCORE) is a statutory board under the Ministry ot Home Affairs. We are part of S pore 's correctional system, charged with the mission to prepare and assist offenders, drug and inhalant
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  • FORUM
    • 462 23 I REFER to the report, “North-East line will be disabled-ready” (Page 1), and the request by the Land Transport Authority’s chief executive, Maj-Gen (NS) Han Eng Juan, for feedback from the public. 1 would be grateful if you would allow me to
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    • 349 23 WE THANK Mr Lee Kip Lee for his interest in our heritage (ST, Nov 28). The Committee on Historic Sites, chaired by the National Heritage Board (NHB), was formed in 1990 to identify sites and buildings of historical significance. The sites selected include the cultural, social,
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    • 323 23 IN AN episode of the Oprah Winfrey Show, a member of the audience, a waitress, said that when she goes to a restaurant and pays $5O for a meal, what she gets is $5O worth of food, ambience and service. If she
      ADAM LEE  -  323 words
    • 159 23 I REFER to the reports in The Straits Times about the bad service received by customers in a number of restaurants. My general impression about the replies given by the restaurant managements is that most of them do not know what is going on. They don’t know
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    • 69 23 IT IS strange that restaurants which have not responded to complaints before are now replying almost immediately. Does that not speak volumes about how they treat customers? They respond only when there is an economic crisis; a complaint is made to the media; and when the
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    • 328 23 I WAS shocked and saddened to read about the Singapore Tourism Board’s plans to “revitalise” Chinatown. As an American who has worked in Singapore for over eight years, I have witnessed and mourned the loss of a number of neighbourhoods and buildings which were
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  • 399 24  -  *!L JOANNE LEE .AND then there were six. His parents were expecting five babies at the birth. But little Dominick Prijono slipped out last Friday as an unexpected, but welcome bundle of joy. The babies are Asia's first sextuplets. Indonesian-Chinese businessman Andre Prijono, JO,
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  • 374 24  -  SILKAIR DISASTER *!L SHARON VASOO MORE than 200 family members and friends of the victims of the Silk Air jetliner crash will attend a memorial service at the Choa Chu Kang cemetery tomorrow. The first anniversary of the tragic air disaster when the Boeing 737-300
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  • 566 24  -  With the Centre for Drug Evaluation, new drugs could be tested and made available in Singapore more quickly than now fin CHANG AI-LIEN SINGAPORE is setting up a centre which will develop and provide the expertise to evaluate new drugs for
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