The Straits Times : Weekly Overseas Edition, 2 January 1999

Total Pages: 24
1 24 The Straits Times : Weekly Overseas Edition
  • 20 1 The Straits Times Weekly Edition Saturday JamuVvsVl999 v Price: S$ 1.20 (in Singapore) Elsewhere by subscription only MITA (P) 080/08/98
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  • 796 1 With a rational response to the crisis, Singapore was less affected than others, but 1999 will be difficult, says PM Singapore's economy grew at a stronger than expected 1.3 per cent in 19.98, although growth for the fourth quarter was again negative at
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  • 43 1 It was drizzling lightly throughout the night on New Year’s Eve. But when the clock struck 12, the 20,000 merry-makers at Suntec City went wild. Leading the countdown on stage w ere a host of artistes. W PIIONSOCIIAN
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  • PRIME NEWS
    • 480 2  -  Scotts, Paterson and Rochor roads may be included when the system is expanded to roads on the Fringe of CBD fh. Zl RAIDAII IBRAHIM THE Electronic Road Pricing system will be expanded in the middle of this year to include several more major roads
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    • Article, Illustration
      109 2 WINNING CALLS For an entire week, these two sisters did nothing much hut make phone calls. Ms Sashikala Rajah Indhiran (left), 20, and Inthrani, 16, both students, were taking part in the Overseas Union Bank-Straits Times Heroes at Heart contest. Together, they spent about $300 making over 1,500 calls. Their
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    • 338 2  -  AMENDMENTS TO INFECTIOUS DISEASES ACT 'll ALISON DE SOUZA COUNSELLING for the spouses of Aids patients will be made mandatory, said Health and Environment Minister Yeo Cheow Tong. This provision will be included in amendments to the Infectious Diseases Act to be tabled
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    • 461 2 DESPITE having a smaller economic pie to share out this year, ministries here will not cut back on services to the public, according to the report of the Estimates Committee which was presented to Parliament last month. This is because any cuts due
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    • 347 3  -  By DOUGLAS WONG IN KUAI.A LUMPUR THE Kuala Lumpur Stock Exchange on Thursday announced that Singapore’s Central Depositary (CDP) will be recognised as an authorised nominee for Clob shares until the end of 1999, meaning that shareholders could be in limbo for the whole
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    • 681 3  -  They now enjoy higher household incomes; many more families also earn more than $3,000 a month B_lL LEONG CUING SINGAPOREANS were better off in 1997 than at the start of the decade, with average household incomes jumping from $3,076 in 1990 to $4,716 in
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    • 469 3  -  MORE THAN $lOO,OOO WITHDRAWN AT STANCHART BRANCH b_il CHUACHIN HON POLICE are investigating four cases in which fixed deposit account holders at Standard Chartered Bank’s Changi branch were shocked to find their money gone and their accounts closed without their knowledge. A total
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  • HOME
    • 619 4  -  The Main Upgrading Programme, hit by the recession, wall shrink further in 1999 from last year s 10 projects §!L TAN lISUEH YUN THE Main Upgrading Programme has been scaled down further, halved to five precincts this year from 10 in 1998. Announcing this on
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    • 277 4  -  SECOND-HAND VEHICLES WILL BE CHEAPER «1 KARAMJIT KAIR FROM February onwards, it will become easier and cheaper for dealers and individuals to buy and sell second-hand vehicles. This is because dealers won't have to pay the additional transfer fee which is computed at 2
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    • 172 4 OUT WITH the No Parking and No Waiting signs, and in with yellow zig-zag lines on the road. No Parking areas will be marked by single zig-zag lines and No Stopping zones by double zig-zag lines. The Traffic Police will define parking as
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    • 282 4 THE Ministry of Education will grant students leave of absence from schools when they accompany their parents on overseas postings. This will facilitate their re-entry into schools when their families return from abroad. Singapore Power will cut its electricity charges bv between 6 and
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    • 235 4 THE Government does not need to introduce an unemployment insurance scheme for retrenched workers because there is an adequate safety net already in place, said labour chief Lim Boon Heng. The International Labour Organisation had suggested recently that Singapore and several other countries
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    • 473 5  -  This new generation carries arms and will use them, likes to splurge and lures customers aggressively >±L CHONG CIIEE KIN DRUG traffickers are getting younger in Singapore more than a third of them are below 2.9 years old. The Central Narcotics Bureau said these
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    • 217 5 SECRET society member Lester Chang Wei Tat, 19, was charged in a district court on Thursday for publishing a webpage for the society as well as setting up an Internet Relay Chat (IRC) channel on the triad group. After the charges were read out
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    • 208 5 A DRUG syndicate headed by a couple, both 25-year-old traffickers who lived it up in five-star hotels, was busted last November. The couple, an unemployed man and his girlfriend, also stayed in a rented condominium apartment in Jurong. They packed, stored and sold
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    • 208 5 OVER four months, 48 Singaporeans have reported that their passports had been torn after they visited Malaysia, Singapore Immigration and Registration (SIR) said on Wednesday. Mr Tan Kok Guan, senior manager of SlR's Citizen Services Centre, said that all 48 cases were investigated. But
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    • 658 6  -  Nine lawyers at Colin Ng and Partners write the English manual on the legal system and practices of China «!L SUNNY GOII A SINGAPORE law firm has become the first in the region to produce an operational manual on the legal system
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    • 569 6  -  By ELEN A CHONG A SON of the prominent Indonesian businessman 'l ong Djoe has been ordered to transfer some family shares and $200,000 from his Central Provident Fund account to his former wife once he is entitled to withdraw the CPF funds.
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    • 416 7 It has asked Kwong Wai Shiu Hospital to put its plans on hold till 2003, but is offering to pay for maintenance work A WELL-KNOWN community hospital has become a casualty of the recession and put its redevelopment plans on hold. The Kwong Wai
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    • 353 7  -  Si KAREN WONG A 28-year-old single bank clerk stole more than $30,000 from her employer so that she could lend money to a man in Canada whom she has never met. The district court heard that Irene Maria Ooi May
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    • 194 7 THE 506,950 tourists arriving in November last year represented a decline of 5.3 per cent over the same period in 1997, said the Singapore Tourism Board (STB). Arrivals from Asean countries shoyved a drop of 16.7 per cent, with arrivals from Malaysia plunging by 27-1
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    • 472 7  -  «it SHARON VASOO THEY wanted to test if cats really had nine lives, and their curiosity killed the cats. Three cases of children killing cats occurred in the last 12 months: Case 1: Three eight-year-old boys threw a cat down from the seventh floor of
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    • 253 7 EACH month, about 1,000 stray and umvanted animals are taken in by the Society for the Prevention of Cruelty to Animals (SPCA). The numbers soar during the festive season, when many households do their spring-cleaning and find the pets a hassle, the society said.
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    • 414 8  -  The singer will serve as a role model and promote good values during her one-year stint bjl SITI 4NDRIAME HOMEGROWN talent Kit Chan remembers what it was like to be an angst-ridden teenager, and she hopes those memories will help her perform her duties
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  • Page 5 Advertisements
    • 86 5 tSSSk Subscribe to THE STRAITS TL kuaniujuu FIFTY sets worth $5OO are awaiting lucky winners. From December 19 to January 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 sign up
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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
    • 1030 9  -  1999 should be a year in which we bid farewell to many sports personalities, and some officials Oil GODFREY ROBERT IN THE year before the curtains rise for the new millennium, the call to Singapore sports must be for change. A change to systems, a
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    • 391 9 NATIONAL swimmer Fergus Kuek capped a memorable year of achievement when he was named the Best Boy Swimmer of the Year by the Singapore Amateur Swimming Association. The accolade came just two weeks after returning from the Asian Games in Bangkok his
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  • MALAYSIA
    • 554 10  -  Medical officer who examined Sukma in Sept tells court that he found no sign of anal intercourse BRENDAN PEREIRA IN KUAI.A LUMPUR THERE is no medical evidence that Anwar Ibrahim's adopted brother had been sodom ised. a government forensic specialist revealed. Dr Zahari Noor
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    • 340 10 Bernama KUALA LUMPUR The High Court on Tuesday found former Selangor Mentri Besar Tan Sri Muhammad Muhammad Taib not guilty of failing to declare his and his family's assets under the Prevention of Corruption Act. Justice Datuk Abdul Wahab Patail announced the acquittal
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    • 173 10 Bernama KUALA LUMPUR Malaysia has eased regulations to allow foreign students who wish to pursue higher education here to obtain student visas after entering the country Education Minister Datuk Seri Na- jib Tun Razak has announced. The move, which will be
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  • SOUTH-EAST ASIA
    • 509 11 The government urges the people to be patient and await Further results of the investigations due in March Reuters JAKARTA The Indonesian government on Tuesday announced that it had found hundreds of millions of dollars in corruption linked to the family and
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    • 437 11  -  SI’SAN SIM INDONESI CORRESPONDENT JAKARTA The Indonesian government, offering by far the most ambitious plan for decentralisation of powers yet seen here, is to introduce new legislative Bills for regional autonomy early this year. If passed, the Bills could underscore Java’s financial weakness and lead
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    • 65 11 An Indonesian woman lifting her candle during a Christmas eve mass at a church in central Jakarta. Christians in the world’s most populous Muslim country celebrated Christmas amid the worst currency crisis in decades and religious tension, in which a number of churches had been burnt bv
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    • 217 11 MANILA The Philippines’ Customs chief, who was sacked by President Joseph Estrada for brandishing his gun at hotel patrons, has a history of pointing guns at people who disagreed with him. When he was not talking, his fingers would be twirling a fan
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    • 204 11 AFP BANGKOK More than 800 Thai government officials are believed to be engaged in the illicit drug trade, said the minister responsible for Thailand’s anti-narcotics agency. ’The most important obstacle to suppressing the trade in illegal drugs is the government officials’ involvement,” Minister
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  • COMMENTARY
    • 594 12 MONDAY December 27,1998 Father of the man the child may be, but childhood can very easily go astray without the guiding hand of a certain number of concerned adults, the most important among them being parents and teachers. The need is especially to be stressed at
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    • 592 12 THURSDAY December 31,1998 SOME good may yet come of the pain and anguish of the year on which the curtain is about to fall if next year witnesses the emergence of a more equitable new world economic order. True, Asia’s crisis highlighted a host of
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    • 808 12  -  SECOND LAST WORD »!L YEONG AH SENG THE year 1998 was an interesting and, I dare say, exciting one for The Straits Times Forum Page. We received a bumper crop of letters, some 9.000, compared to 6,900 letters in 1997. Of these, we published 2,200,
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    • 1032 13  -  BY THE WAY TAN SAI SIONC. IT IS the end of another year and everyone I know has been uttering the hoary chestnut about how time has flown. It is a comment that has become as customary at the end of every
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    • 923 13  -  MY VIEW H’l SANDRA DAVIE THANKS in part to the economic downturn, the Education Ministry netted a record number of teachers last year. It recruited 1,352 teachers from August to mid-December, 270 per cent more than the 365 recruited over the same period
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    • 1476 14  -  »IL GARY KLINTWORTH THE Chief of the Australian Defence Force, Admiral Chris Barrie, claims that Australia faces an increasingly unstable region. The next step is to ask taxpayers for money to buy new, more lethal weapons systems. Australia's defence force already soaks up a large
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  • Page 14 Advertisements
    • 243 14 ThoStmilsTinu s kmn*»*UcmtCmv J North-East line will be disabled-ready HOME NEWS 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,
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  • MONEY
    • 50 15 The publicly listed Neptune Orient Lines (NOL) is selling for $lB5 million its flagship office building to Chenab Investments Ltd (CIL), which will finance the purchase with a bond issue. The sale is part of the national carrier’s plan to reduce its $5 billion debt burden.
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    • 183 15  -  «7 Hr, NARENDRA AGGARWAL SINGAPORE'S industrial production fell for the seventh consecutive month, dragged down by lower output of the engineering cluster. Overall industrial production declined 3.3 per cent in November compared to a year ago. The engineering industry, which accounts for a fifth
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    • 139 15  -  fh. TAMMY TAN SINGAPORE Telecom (SingTel) has won a licence to offer international telephone services in Hongkong this year giving it a foothold in a market it had tried unsuccessfully to enter once before. Having failed to obtain a mobile licence in 1995, Sing Tel
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    • 1054 15  -  Spore market bears the brunt of such upheavals as currency turmoil and ringgit controls lit, DENNIS CHAN and COHN TAN THE Year for Investing Dangerously is an apt label for 1998. Investors with guts and gumption might have reaped handsome returns as they rode the
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    • 234 15  -  3 SINGAPORE BANKS AMONG LENDERS Hr, DOUGLAS WONG IN kl ALA LI MPI K THE Malaysian government on Tuesday borrow’ed US$l.35 billion (552.25 billion) from a dozen foreign banks its first such commercial loan in over a decade and said it now has “more than enough" money
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    • 396 16 THE roller-coaster year which saw the benchmark Straits Times Index hit a 10-year low, endW its final week with a mere whimper as fund managers enjoyed their year-end vacations at home rather than in the electronic glow of trading terminals. Market players expecting a
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    • 80 16 Straits Times Index The Straits Times Intfas dropped 0.02 points on the week to 1,392.7. DAY CLOSE TURNOVER Monday 1,381.3 (-11.48) 84.9 86.92m) Tuesday 1,378.5 2.82) 79.6 (S 97.64m) Wednesday 1,394.7 («16.25) 134.0 ($180.11m) Thursday 1.392.7 1.97) 75.9 (S 99.31m) Friday New Year's Day No trading BT-SRI
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    • 1816 16 Company Date enn Nat earn TY LY &lt;$m) &lt;$m&gt; EPS TY LY (cts) (cts) Ad v Systems Dec 10 1 2.345L 7.240 2.1L 6.54 Asia Food Sep 30 1 99 061 ***** 3.41 250 Asa Ceramic Sep 14 1 3.752 3.552 2 88 2 84 AsiaPac Brew Dec
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    • 137 16 BONUS ISSUE ExBooks ACC Company Ratio data dose Paymt Eng Kong ona-for-fivo Dec 29 Jan 5 Jan IB Datacraft one-for-one Nov 3 NovIO Dec 21 RIGHTS ISSUE ExBooks ACC 6 Company Ratio data dose Paymt ABR Hldgs two-lor-ona SO.25 Dec 23 Dec 30 NA OTHERS ExBooks ACC 6
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    • 32 16 Company Rights Issue First Cap Proposed Corpn Renounceable Rights iss of 87,900.892 7% NRCCPS ol $0.01 on the basis of 3 NCCPS tor every 10 Ord shares ot $1.00 each.
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    • 130 16 Company Place Date Time Creative A 31 Intarnatlonal Busmass Park Creative Resource S'pore (*****1) Oec 30 10.30am MMI c 8 Grange Rd Orchard Guild House Cinalaisura Laval 8 S'pora (*****5) Dec 30 11.00am No»l Gifts A The Boardroom 50 Kallang Anv #04-01 Noel Corporate Bldg (*****5) Dec 30
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    • 717 16 Payment (cti) Ca date i! Pay date AsiaPac Brew F 9 Feb 26 Mar 5 Mar 17 Avlmo 20c F 3.5TE Mar 1 Mar 8 Mar 23 AV Janmngj A25c 1 1.5 Dec 31 J«n 7 Jan 21 AberdeenAssetlOp F 3p Jan 4 Jan 11 Jan 20 Burwili
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    • 1155 17 UNIT TRUSTS FUNDS January 1, 1999 Managers' prices (S$) UNIT TRUSTS Aberdeen Asset Mgt Asia ltd NA Reg China Fund!** 0.415 0.440 Aberdeen S'pore Gr Fd 0.884 0.929 NA Reg India Fund 0.575 0.605 NA Gio Bai Fund/4 0.650 0.685 Aberdeen Select Portfolio NAGlObaHOOGr Fund/** 0.970 1.020 American Opport Fd
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    • 691 17  -  Though the drop in stamp duty and property tax collections had been expected, economists were surprised by the magnitude lit, NARENDRA AGGARWAL THE taxman collected $1 billion less in tax revenue in the first 10 months of last year, compared to the
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    • 578 17  -  Oil YEOW PEI LIN HIGH-FASHION retailer FJ Benjamin has clinched the licensing rights to design and manufacture Baby Guess? clothes and accessories for sale in Asia, a move that will circumvent the higher prices resulting from the strong US dollar. The Singapore-made line made its
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    • 3692 18 Transaction date: December 31,1998 MULTI 1998 High INDUSTRY Curr Last Low Company Tradad Salt ♦Of Vol 000 Day High Low Crs Dtv Nat M Cap P/E $mll Wt Avg Prtet 142 17.5 •0.5 102 72.5 70.5 27.5 5.1 119.9 72 65.5 28 e Alliance Tech 28 15.5
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    • 876 19 1998 Hlqh Low Curr Last Company Traded Sale ♦orVol '000 Day High Low Gr's Dlv Not P/E M Cap $mil Wt Avg Prict MANUFACTURING 243 30 e AS Auto 10c 86 -3 556 89 85.5 15 N 8.1 98.2 85 82 45 e ASJ Hidqs 20c 585 ♦6 3
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    • 1194 19 BONDS, LOANS WARRANTS Transaction date: December 31,1998 1998 High Low Company Last Salt ♦Of* Vol Day '000 High Last Ouota Wt Avg Low Buytr Sailer Prlct 20.5 3 “Acer W*****1US5 ...12.5 unch 87 12.5 12 11.5 12.5 95 4 5 Acma W*****4 ...15.5 •0.5 118 15.5 15.5 15 16 16
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  • FORUM
    • 473 20 WAS intrigued by Mr Yeong Ah Seng’s 1 commentary “More of I the real thing, if we can JLm afford it" (ST, Dec lb), on the issue of intellectual property rights protection. He set out on the premise that buying pirated software is wrong but
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    • 195 20 I REFER to the replies from the ETA to the recent letters from the public. If there is any oversight or limitation in the system, such as with the communication zone, the LTA should just apologise, rectify it. and get on with it. Instead, we are told
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    • 279 20 TO THOSE of us who were teenagers in the *****, the Capitol Theatre was synonymous with the names of two Singaporean entrepreneur brothers Joe and Julius Fisher who inaugurated the Mickey Mouse Club, which had its headquarters there. We school children flocked there during the weekends
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    • 130 20 PLEASE allow me to congratulate Singapore Airlines for having improved greatly the quality of its meals on all classes. I have had the opportunity to visit your city many times in recent months and found the food in all three classes admirable which confirms that SQ deserves
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    • 286 20 FROM the numerous letters on ElectronicRoad Pricing, it is clear that motorists here need a survival guide to the ERP. The Land Transport Authority advises you to slot in your Cash Card before starting your journey. But as slotting in a Cash Card
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    • 1964 23 I REFER to the letters “Don’t sanitise Chinatown" (ST. Dec 22.1998)by Mr Dinesh Naidu and "Plans should not be for tourists only" (ST Weekly. Dec 2b) by Mr Yap Kim Sang. Aim to re-enerqise Chinatown WE WISH to stress again that in formulating the proposals
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  • Page 21 Advertisements
    • 908 21 The Straits Times Weekly Edition APPOINTMENTS 1 L\sr Yell I I .«fSKSfc, vw H -I w L L L m MKM v// zJ~Z' iW CALTEX is entering an exciting new phase in its history with the move of its corporate headquarters to Singapore, We are now looking for high calibre
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  • Page 22 Advertisements
    • 971 22 II I L JTC International is the wholly-owned international business arm ofJurong Town Corporation. Set up to spearhead Singapore's regionalisation drive, it designs, develops and manages integrated industrial parks, townships and infrastructure throughout Asia. We are looking for a responsible and independent professional to join us as: CORPORATE MARKETING COMMUNICATIONS
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  • 780 24  -  £ix criteria, chief among them being the type of work pass, will form the basis of a more transparent system CHANG A I-LIEN THE veil surrounding applications for permanent residency was lifted a little on Wednesday, when Singapore Immigration and Registration revealed the
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  • 389 24  -  »1 KOII BOON PIN H E WAS the oldest in his class, had a chronic knee injury, a bad back and a dislocated shoulder but that did not stop SAF commando Punniya Moorthy from topping the military training course he attended in the United States
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