The Straits Times : Weekly Overseas Edition, 19 December 1998
1998-12-19
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The Straits Times : Weekly Overseas Edition
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Title Section23 1998-12-19 1 The Straits Times Weekly Edition Saturday Decefcbf r ia<s98 s 1 Price: S$ 1.20 (in Singapore) Elsewhere by subscription only MITA (P) 080/08/9823 words
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547 1998-12-19 1 GERALDINE YEO - To integrate bus and rail services better, SMRT will not be asked to bid for new LRT, MRT lines «1 GERALDINE YEO ONE of the two major bus companies here will be picked to run the North-East Mass Rapid Transit (NEL), as547 words
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Article, Illustration328 1998-12-19 1 PETER SIOW - BY PETER SIOW IN PATTAYA SINGAPORE’S sailors bagged their second gold on Sunday, and added one silver and three bronze medals to their tally in the Asian Games yachting competition in Pattaya. Student Joan Huang, 16, and schoolteacher Naomi Tan. 31, pooled their talent to triumph\LPHO\SOCHA\ - 328 words
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Page 1 Advertisements
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Advertisement75 1998-12-19 1 B I L A T E R A L T I %'S' A Package Appr «4 The “funds-for-water” deal is off, but the countries will link their outstanding bilateral problems and settle them once and for all. page 3 HO M E First Aids Patient Goes Public He’s seen too75 words
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PRIME NEWS
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627 1998-12-19 2 EDWARD TANG - These include accelerating regional free trade to 2002 and a two-year window to attract foreign investors b !J EDWARD TANG IN HANOI ASEAN leaders on Wednesday rose to the challenge by adopting a set of “bold measures", including accelerating regional free trade to 2002627 words
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Article, Illustration202 1998-12-19 2 AN ORCHID farmer lost 15 pots of his prized flowers to thieves, barely 24 hours after he won a prize for his specially bred orchids with orange-gold petals. Mr Law Moi Hwa, 47, owner of Goodland Nursery, estimated the stolen orchids to be worth about $20,000. “TheMI'HAMMAD SHAH - 202 words
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Article529 1998-12-19 2 DENNIS CHAN - By] DENNIS CHAN THE Development Bank of Singapore (DBS) is buying a controlling stake in Hongkong’s Kwong On Bank, in a move that will transform it into a major financial player in the territory. DBS has 65 per cent of Kwong On Bank529 words
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Article, Illustration837 1998-12-19 3 LEE KIM CHEW - By LEE KIM CHEW IN HANOI THE proposed “fiands-for-wa-ter” deal between Singapore and Malaysia is off. Prime Minister Goh Chok Tong disclosed this on Thursday after talks with his Malaysian counterpart, Datuk Seri Dr Mahathir Mohamad, who said that he no longer needed Singapore’s money.JEROME MING - 837 words
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368 1998-12-19 3 TWO women, including the wife of Senior Minister of State (Education) Peter Chen, died after a tipper lorry collided with the Honda car they were in. This happened on the Ayer Rajah Expressway in Jurong, shortly after noon on Thursday. Part of368 words
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387 1998-12-19 3 EVELYN YAP - Ĕ1 EVELYN YAP ORCHARD Road businesses have banded together to form a self-help group to boost trade. The non-profit body, called the Orchard Road Business Association, or Orba, aims to hold many activities in the area to attract people to go there387 words
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HOME
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Article, Illustration311 1998-12-19 4 C HONG C UFF KIN - Btl C HONG C UFF KIN FOR four hours, the two-year-old girl was left on her own at a playground until Muhammad Fadhil Husin. 11. reckoned her parents would not turn up and decided to take her to the Neighbourhood PoliceTO k \> CHIN - 311 words
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642 1998-12-19 4 Reports by ZURAIDAH IBRAHIM; LEONG CHING - SM LEE LIVE ON CNN Rrj)orts Inj Reports by ZURAIDAH IBRAHIM and LEONG CHING SENIOR Minister Lee Kuan Yew warned last Friday night that the entire region would be hit badly if Indonesia collapsed and did not recover from its present economic642 words
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498 1998-12-19 4 SANDRA DAVIE - Oil SANDRA DAVIE FAMILIES of five of the 104 people who died in the Silk Air MI 18.5 crash last December have accepted compensation offers from the airline. Silk Air’s general manager Mak Swee Wall told The Straits Times on Monday that all five were498 words
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SINGAPORE’S FIRST AIDS CONFERENCE
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Article439 1998-12-19 5 More can be done to help patients cope with their medical bills and the ostracism they face, says Mr Paddy Chew FIRST SINGAPOREAN PATIENT GOES PUBLIC “I AM a person living with the HIV virus. I may die of Aids, hut not yet.” With439 words
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Article, Illustration991 1998-12-19 5 ALLISON LIM - Rc)>oil\ hii ALLISON LIM HE IS no stranger to the media. In fact, he has given countless interviews about HIV infection and Aids. But he was always masked; always with his voice disguised. And always hiding behind a pseudonym.STEPHAME YFOW - 991 words
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Article608 1998-12-19 6 JOANNE LEE - First-timers buying an HDB resale flat or executive condo will get $5,000 less §IL JOANNE LEE THE Housing Board (HDB) on Friday said it will cut the Central Provident Fund (CPF) housing grants by $5,000 for First-time buyers of HDB resale flats and executive608 words
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Article, Illustration525 1998-12-19 6 By SANDRA DAVIE STUDENTS here who are more physically active are less at risk of developing coronary heart disease later on in life than those who are less active, a twoyear study by the National Institute of Education has found. The study of 1,579 primary525 words
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Article432 1998-12-19 6 EDMLND TEE - By EDMLND TEE THE Millennium Bug may be biting some computer systems sooner than expected. Systems using the Julian calendar may see glitches as early as April 9 next year, instead of on Jan 1, 2000. The Julian calendar system, designed by Roman emperor Julius432 words
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520 1998-12-19 7 LESLIE KOH - fly I LESLIE KOH ONE in 10 companies polled in a recent survey said that it would pass back some of the savings from the impending CPF cut to its workers in the form of special bonuses or increased monthly520 words
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Article, Illustration365 1998-12-19 7 RAFFLES Hotel general manager Jennie Chua, 54, has become the first woman to be elected to the board of the Singapore International Chamber of Commerce (SICC) in its 161-year history. She said on Friday evening: “It’s an honour to make history, but after the moment365 words
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237 1998-12-19 7 POOR OUTLOOK NO BARRIER SINGAPORE will remain the world’s second most profitable place for investors next year. This is despite a poor business outlook for its banking and finance sector and its “deteriorating relations” with Malaysia, says the latest Business Environment Risk Intelligence237 words
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315 1998-12-19 8 MOTORISTS who drink and drive caused 33 road accidents within the first 10 months of this year. This is a 20 per cent rise over the 27 accidents reported between January and October last year. A total of 493 motorists were convicted of drink-driving by October315 words
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Article, Illustration303 1998-12-19 8 A FIELD next to Sim Lim Tower in Sungei Road was transformed into a colourful bazaar for foreign workers on Sunday. Hundreds of the workers converged on the spot in Weld Road to watch a free Hindi movie, do a bit of shopping or catchSTEVEN I KK - 303 words
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Page 4 Advertisements
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Advertisement87 1998-12-19 4 and IVlja" Subscribe to THE STRAITS TIMES WEEKLY... 7rFTY sets worth $5OO are awaiting lucky winners. From December 19 to Jaruary 22, you will have one chance in the lucky draw when you sign up for a six-month subscription, and two chances for a 12-month subscription. And if you sign87 words
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Page 7 Advertisements
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Advertisement296 1998-12-19 7 The StrailsTi mos HWiivKUKSoa ffIFZPL* Wwtfr-East Bwe be dkaWmf-tyady HOME IMEWS AT YOUR FINGERTIPS The Straits Times Weekly Edition brings you a crisp summary of the week's major news breaks reported in The Straits Times about Singapore and Asean Covering news from social issues, politics, business, career opportunities and others,296 words
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Page 8 Miscellaneous
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Miscellaneous1062 1998-12-19 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 Word1,062 words
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SPORTS
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Article569 1998-12-19 9 Asian body gives Fifa March deadline to avert a regional boycott of the 2002 World Cup SOCCER Reuters ASIAN soccer chiefs on Tuesday gave Fifa until March to avert a regional boycott of the 2002 World Cup by giving the continent the chance of an extra place inReuters - 569 words
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Article, Illustration468 1998-12-19 9 DANNY KIIOO - RACING Hiil DANNY KIIOO THE winning owner of next year’s Singapore Gold Cup stands to collect a whopping $450,000 thanks to the Singapore Turf Club’s move to raise stakes for its premier event from $750,000 to $1 million. The new amount is $B2,V>OO more than what468 words
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563 1998-12-19 9 HAKJKAT RAI - ASIAN GAMES By HAKJKAT RAI SINGAPORE’S medal winners have earned $2,187,500 under the Asian Games incentive scheme. The money was commited by sponsors Singapore Pools and Asia Pacific Breweries when the Sports Excellence 2000 programme (Spex 2000) was conceived five years ago. Spex 2000 represents563 words
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MALAYSIA
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449 1998-12-19 10 EDWARD TANG - He is still considering advice from senior party members about appointing one soon instead of waiting for next Umno election «V EDWARD TANG l\ HANOI MALAYSIAN Prime Minister Datuk Seri Dr Mahathir Mohamad said on Thursday that he was still considering requests from senior members449 words
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Article, Illustration306 1998-12-19 10 KUALA LUMPUR A housewife got to a private clinic just in time to give birth three hours after a government hospital doctor pronounced her labour pains “a false alarm". Responding to press queries, the Health Ministry dropped a bombshell neither theMAI.AY MAIL - 306 words
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479 1998-12-19 10 BRENDAN PEREIRA - BRENDAN PEREIRA IN KUALA LUMPUR ALLEGATIONS that Anw'ar Ibrahim had sexual relations with the wife of his private secretary took centre stage during his trial on Monday. The prosecution said that it would produce in court a mattress stained with seminal479 words
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292 1998-12-19 10 DOUGLAS WONG - DOUGLAS WONG IN KUALA I.UMPt’R MALAYSIA’S Prime Minister Mahathir Mohamad told international fund managers last Friday the government is considering “fine-tuning" its capital control measures, but reiterated his position that they will not be removed until better international regulation is in place. The news292 words
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SOUTH-EAST ASIA
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Article, Illustration417 1998-12-19 11 AFP JAKARTA The Indonesian military is forging ahead with a plan to set up civilian militia to help police maintain law and order, armed forces chief General Wiranto said on Sunday. An initial 40,000 civilians would be recruited under the “Rakyat terlatih” (trained civilian) scheme “to– AFP; KEtTEHS - 417 words
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195 1998-12-19 11 DERWIN PEREIRA - By DERWIN PEREIRA IN JAKARTA INDONESIA has suspended the sending of maids to Singapore indefinitely. A senior government official here said the move was aimed at sending a signal to agents and employers in Singapore to be more mindful of Indonesian workers’ welfare.195 words
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512 1998-12-19 11 LEE KIM CHEW - ASEAN MEET By LEE KIM CHEW IN HANOI IN A face-saving measure to show unity, Asean leaders on Tuesday said they had decided to admit Cambodia as the 10th member of the grouping and had instructed their foreign ministers to organise a special admission512 words
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Article401 1998-12-19 11 SUSAN SIM - By SUSAN SIM INDONESIA CORRESPONDENT JAKARTA Indonesia’s “politically homeless” middleclass cynics, ethnic Chinese entrepreneurs, indigenous minorities and the formerly powerful will soon have their own political party the country’s 115th. It will be driven primarily by several prominent defectors from the ruling Golkar party, including401 words
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COMMENTARY
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Article572 1998-12-19 12 SATURDAY December 19,1998 IJF THERE is only one truism Hongkongers acknowledge, it has to be that ferocious competition makes for compelling business. Hongkong has grown rich on that creed. But. to judge from the surliness and media hostility directed at Singapore since it revived a stock572 words
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Article611 1998-12-19 12 THURSDAY December 17, 1998 Fortunate indeed are the residents of Sengkang and Punggol. Not only will they be the happy people to taste the first fruits of the most modern ideas in town planning: they will also enjoy a level of transport integration few others on the island611 words
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Article1154 1998-12-19 12 TAN 001 BOON - MY VIEW By TAN 001 BOON WHEN it comes to freedom of speech, it is a fact that silence can be bought at a price. I am referring to the common practice in the courts of legal orders being sought bv some litigants1,154 words
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Article, Illustration2018 1998-12-19 13 ALAN JOHN - By ALAN JOHN PADDY Chew has Aids, and now that he has stepped forward to let evenone know that, you can expect to see a lot more of him. On Saturday, he broke free of the anonymity behind which even- person2,018 words
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INSIGHT
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Article, Illustration1809 1998-12-19 14 Singapore and Hongkong are being pitted against each other for,such titles as the worlds freest economy and the financial centre of the region. But in what ways are they rivals? LEONG CHING examines the issue. A SENIOR diplomat in Hongkong was suitablyNOEL KOSALF.S - 1,809 words
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1060 1998-12-19 15 AS AD I. ATIF - THINKING ALOUD By AS AD I.ATIF WHY do issues of ethnicity and nationalism excite so much controversy in Singapore? Do the familiar arguments of the debate hear the permanent weight of the immigrant's baggage of insecurity? But Singapore today is not a country of immigrants.1,060 words
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964 1998-12-19 15 CHUA LEE HOONG - THIS WEEK IN POLITICS H'l CHUA LEE HOONG LAST week was a bad one for dictators. From Argentina to Haiti to Cambodia, despots of the past faced renewed reckoning as various groups of people press demands for them964 words
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MONEY
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358 1998-12-19 16 AMERICAN influence on the Singapore stock market was unmistakable this week, as local share prices vacillated with developments in impeachment proceedings concerning US President Bill Clinton as well as the military moves in the Gulf. Wall Street took the blows of lower358 words
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Article76 1998-12-19 16 Straits Times Index TIm Straits Timas Indtx lost 5.31 points to 1,405.96 lor tho woak. DAY CLOSE TURNOVER Monday 1379.50 (-31.77) 165.76m ($265.96m) Tuesday 1368.29 (-11.21) 202.74m <$297.20m) Wednesday 1359.10 9.19) 151.33m ($246.44m) Thursday 1366.19 7.09) 200.37m ($316.27m) Friday 1405.96 (*39.77) 174.29m ($315.95m) BT-SRI Index Tho BT-SRI76 words
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Article1859 1998-12-19 16 Company Oft# ann Net earn TV LY <$m) ($m> EPS TV IY <Ctl) (Ctl Adv Systems Dec 10 1 2.345L 7.240 2.IL 654 Asia Food Sep 30 1 99 061 24.729 3.41 2.50 Asa Coramic Sep 14 1 3.752 3552 2 88 2.84 As.ePec Brow Dec 11 P1,859 words
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Article121 1998-12-19 16 BONUS ISSUE ExBooks ACC Company Ratio data close Paymt Eng Kong ona-for-tiva Oac 29 Jan S Jan 18 Datacraft one-for-one Nov 3 NovIO Dec 21 OTHERS ExBooks Acc 6 Company Ratio ditt close Paymt ST Non- Ranouncaabla Oct 28 Nov 4 NA Capital Offar lor tala of up121 words
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Article36 1998-12-19 16 Company Bonus Is tut Eng Kong 97,550,000 now ordinary shares of $0.05 eacn to be issued pursuant to a proposed Rights on tne basis of 2for1 at a book closure date to be determined.36 words
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Article123 1998-12-19 16 Company Plata Data Tima Flrjt C Confaranca Room 1 Dec 31 9.30am Capital 60 Raffias Placa #25-01 UOB Plata S'pora (*****4) Craativa A 31 Intarnational Dec 30 10.30am E Business Park Craativa Rasourca S'pora (*****1) Acar A 29 Intarnational Business Park #01-01 Acar Bldg Tower A S'pora (*****3)123 words
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Article658 1998-12-19 16 Payment (cts) Ex data Books close Pay date Amtell 20c F 0.8TE Nov 25 Oec 1 Dec 11 Avimo 20c F 3.5TE Marl Mar 8 Mar 23 AV Jennings A25c 1 L5 Dec 31 Jan 7 Jan 21 AberdeenAssetlOp F 3p Jan 4 Jan 11 Jan 20 Burwill658 words
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Article1157 1998-12-19 17 UNIT TRUSTS FUNDS December 19,1998 Managers' prices (S$) UNIT TRUSTS Aberdeen Asset Met Asm ltd NA Reg China Fund!** 0.405 0.430 Aberdeen S pore Gr Fd 0.875 0.920 NA Reg India Fund 0.530 0.560 NAGIo Bal Fund/& 0.640 0.675 Aberdeen Select Portfolio 1.006 NA Global 100 GrFund 0.920 0.970 American1,157 words
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Article829 1998-12-19 17 THE Monetary Authority of Singapore (MAS) has lowered the minimum cash balances for finance companies as part of changes intended to bring them closer to banks in matters such as unsecured loans and the provisioning policy for housing loans. Announcing the change on Friday, MAS managing829 words
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468 1998-12-19 17 YEOW PEI LIN; and KALPANA RASHIWALA - YEOW PEI LIN and KALPANA RASHIWALA PRICES of low-end private homes have hit bottom but prices of more expensive units have yet to show signs of stability, says National Development Minister Lim Hng Kiang. “Property developers are partially right, at least, in saying that the468 words
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Article3691 1998-12-19 18 Transaction date: December 18,***** MULTI 1998 High INDUSTRY Low Componv Curr Last Tradad Sala ♦Of Vol 000 Day High Low Cr-t Dlv% Nat P/E M Cap $mll Wt Avg Prkt 142 49 5 mt Acma50c 69 ♦0.5 380 71.5 68 27.5 4.9 114.1 70 34 20 283,691 words
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Article878 1998-12-19 19 1998 High Low Curr Last Company Traded Salt ♦OfVel '000 Day Low Or 4 DIvH Net P/E M Cep $mll Wt Avg Price MANUFACTURING 243 30 9 AS Auto 10c 91 ♦2 1460 95 5 90 15 N 8.6 103.9 92 45 9 ASJ Hldgs 20c 59.5 ♦6 3878 words
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Article1250 1998-12-19 19 BONDS, LOANS WARRANTS Transaction date: December 18,1998 1990 High Low Company Lott Soto ♦Of Vat '000 Doy H»oh Low Laat Quota Buyar Saliar Wt Avq Prlea 20.5 3 A Acar W*****1USS 13 ♦0.5 108 13 12.5 12.5 13 95 4.5 Acmp W*****4 ..16.5 unch 190 17 16.5 16 16.5 171,250 words
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Article168 1998-12-19 19 Transaction date: December 18,1998 1998 High Loo Compony Curr Last Trad* Sal* vol ♦Of* '000 Day High La» Or**» aivH Nat m M Cap Smll HONGKONG STOCKS 400 250 COL (2000) HK400 8 20.5 7744.7 Cathay P«c 20c MK720 265 6 *****4 Chaung KongSOc „.HK1780 240 3 *****.5168 words
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Article, Illustration391 1998-12-19 20 Hij WALTER FERNANDEZ - Hi/ Hij WALTER FERNANDEZ JURONG Reptile Park, a major Singapore tourist attraction, hits been hurt badly bv the steep fall in the number of tourists arriving here this year, and has been placed under interim judicial management. Touted as the largest such park inTAY KAY CHIN - 391 words
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Article539 1998-12-19 20 JEAN CHI A - *!L JEAN CHI A THE cosy atmosphere in the stockbroking community looks threatened as brokerage Kim Eng Securities dangles signing bonuses to lure remisiers away from rival firms. No formal complaint has been made but the Stock Exchange of Singapore (SES) is understood to be looking539 words
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Article535 1998-12-19 20 DENNIS CHAN - Bit DENNIS CHAN FRASER Neave’s (F&N) full-year net earnings fell a hefty 73.5 per cent to $39-9 million, hurt by losses at its hitherto profitable soft drinks operations. Group turnover dropped 8.6 per cent to $2.52 billion for the year ended Sept 30. The535 words
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401 1998-12-19 20 JEAN CHI A - Hu JEAN CHI A WHAT was to have been Singapore’s first put warrant on the Dow Jones Industrial Average has been scrapped as issuers failed to obtain enough subscriptions despite a one-day extension of the otter deadline. Bankers Trust and Kay Hian decided401 words
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Page 19 Advertisements
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Advertisement11 1998-12-19 19 THE STRAITS TIMES CLASSIFIEDA'V CATS. YOUR GUIDE TO MORE PRODUCTS SERVICES11 words
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Page 21 Advertisements
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Advertisement1108 1998-12-19 21 The Straits Times Weekly Edition APPOINTMENTS We are a UK-owned MNC with Singapore as its regional Asian headquarters. Our manufacturing plants are located in China (Shenzhen and Suzhou), Malaysia, Batam, Singapore and with sales offices in HK, Korea, Japan, Taiwan and Thailand. We are a world-leading manufacturer and supplier of1,108 words
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Page 22 Advertisements
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Advertisement1033 1998-12-19 22 Wacker Chemicals (South Asia) Re Ltd Wacker-Chemie GmbH, Germany is one of the world’s leading SILICONE manufacturers. Wacker Chemicals (South Asia) Re Ltd is our Singapore subsidiary. Committed to innovation, there are no lack of opportunities to excel with us. If you’re equally committed, our chemistry’s right. You should be1,033 words
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FORUM
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672 1998-12-19 23 I REFER to the report “Drink-drivers caused more accidents" (See page 8), which said that the Traffic Police were intending to target entertainment outlets with a drink-driving message. That despite the obvious good intentions, this approach is doomed to fail in most cases. There672 words
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Article, Illustration297 1998-12-19 23 NOT too long ago, SCV began cable works in the Evergreen Avenue area. They dug a trench in the road to lay cables. A couple of weeks ago, they re-surfaced the road to a beautiful, pristine state. But before the smell ofMIKL - 297 words
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Article377 1998-12-19 23 CALIFS for ethnic rediscovery and renewal, particularly within the majority race, elicit vehement rejection routinely on this page. “Contrary to modernity", “cultural chauvinism” and now, “anti-Singaporean" are the charges hurled readily. The coalition ranges from multi-culturalist idealists to those with a hidden agenda to377 words
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220 1998-12-19 23 IN MY letter “Ethnic cultures will bind Singaporeans” (ST, Dec 4), I emphasised that the Singapore identity must be the glue that binds ethnic cultures. I applaud the response from several of your readers, who rose to declare their commitment to the Singaporean identity,220 words
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Article38 1998-12-19 23 SINGAPORE culture is but a sapling growing on a shifting soil of Western influence and ethnic cultures. For a tall tree to grow out of the sapling, we must till, fertilise and replenish that soil.38 words
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Article, Illustration604 1998-12-19 24 IRENE NC - fh. IRENE NC THE labour market saw a net loss of 20,268 jobs in all major sectors in the third quarter of this year, a sharper contraction than last quarter’s fall in employment. Manufacturing bore the brunt of the employment contraction. with a netSource: MANPOWER MINISTRY - 604 words
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470 1998-12-19 24 LESLIE KOH - The vacancies, mostly for teachers, are for both fresh graduates and those who were working in the private sector BUT THERE IS GOOD NEWS..» «1! LESLIE KOH THE Civil Service is looking for about 2,700 graduates to work in 13 ministries and470 words