The Straits Times : Weekly Overseas Edition, 6 March 1999

Total Pages: 23
1 24 The Straits Times : Weekly Overseas Edition
  • 20 1 The Straits Times Weekly Edition Saturday March 6,1999 Price: S$ 1.20 (in Singapore) Elsewhere by subscription only MITA (P) 080/08/98
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  • 197 1 EIGHT A-4SU Super Skyhawk jets from the Republic of Singapore Air Force started their 24-day sea journey for their new training base in France, by road early on Tuesday morning. RSAF technicians wrapped them up in industrial strength ‘cling wrap’ to keep the exterior corrosion-free during
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  • 556 1  -  University plans to turn space into offices where entrepreneurs and inventors can set up shop hi SANDRA DAVIE COMING up at Kent Ridge: A Techno Street where entrepreneurs and inventors will be encouraged to set up shop in the university grounds. The
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  • Page 1 Advertisements

  • PRIME NEWS
    • 289 2  -  Joint venture is the corporation's first investment in an overseas port in South-east Asia ‘ll i DENNIS CHAN PSA Corporation has won a mandate to develop a container terminal in Brunei, its first investment in an overseas port in South-east Asia. It has received
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    • 363 2  - You can count on us for rice, Singapore By EDWARD TANG THAILAND COKKKSPONDKNT BANGKOK A pending rice agreement between Singapore and Thailand, which gives the Republic priority over other buyers, is a pact that shows "Singapore can count on Thailand" in times of crisis, a senior 'Thai official said. The
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    • 304 2 IN WHAT could be the first tentative signs of a recovery, manufacturing output rebounded 2.9 per cent in January on a three-month moving average basis. This is the first time that output growth is positive again since it turned negative last June. Compared with January
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    • 421 2 THE Singapore Armed Forces is buying eight Apache attack helicopters from American defence contractor Boeing, Deputy Prime Minister and Defence Minister Tony Tan announced on Monday. Delivery of the eight helicopters, which will meet the SAF’s initial needs, is expected to begin in about three
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    • 650 3  -  PM Goh talks of the hesitant response of Europe and the US to Asian financial crisis and how Australia can help engage them Zl RAIDAII IBRAHIM IN SYDNEY WESTERN reluctance to address the Asian financial crisis decisively stems from a “smug” belief that only
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    • 657 3 HK TRADE SECRETARY'S SWIPE AT SINGAPORE SINGAPORE’S Consul-Gener-al in Hongkong Chan Heng Wing has rebutted yet another attack on Singapore by a Hongkong government official, saying the comments were “inaccurate and misinformed”, and showed a “lack of understanding of how Singapore works”. It is the
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    • 498 3  -  By /I RAIDAII IBRAHIM IN MFI .BOURNE AN FPDA military exercise that has been dogged by uncertainty will take place after all next month, but Malaysia wants some modifications, said Prime Minister Goh Chok Tong on Thursday. Defence officials from the five countries met on Tuesday
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  • BUDGET ’99
    • 384 4 They will get a one-off cut in service ana conservancy charges on top of a package of rebates HDB dwellers will get a special one-off cut in service and conservancy (S C) charges, a bonus on top of a package of rebates that include a GST offset
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    • 441 4 FINANCE Minister Richard Hu hinted that the Government might resort to introducing yet another mid-year off-Budget package if the regional and global economic situation went drastically wrong. Speakmg on television, he said: “A normal Budget is for normal years. These are exceptional circumstances. If
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    • 300 4 WATER tariffs will be raised as scheduled in July despite the recession, but lower-income families will again get utility rebates to cushion the pain. “Despite the economic downturn, we must press on with our water conservation efforts and raise water tariffs and conservation tax as planned,"
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    • 229 4 NEW tax moves have been announced to help logistics companies, conference organisers and shipping companies. The goods and services tax (GST) will now be w'aived on goods removed by traders from bonded warehouses operated by logistics companies. The traders concerned are those registered with
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    • 292 4 FINANCE companies can now make larger general provisions to act as a buffer against the weakening economic climate, d«e to the easing of limits on tax deductions. Since 1997. finance companies have been given tax deductions for general provisions made against their loan and investment portfolios, subject
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  • HOME
    • 441 5  -  Singapore will host the world’s biggest space show, Nasa World Tour, from May to August Hu CHIN SOO FANG THE world’s biggest space show is coming to Singapore in May, and visitors to the exhibition can zip up in space suits, experience zero gravity,
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    • 424 5  -  '±L IJM SENG JIN A MARRIED man with ayoung son wooed a young woman who became his mistress within three days of’ meeting him, the High Court heard on Friday. On their very first date, the businessman picked her up in his car,
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    • 19 5 Toh (left) stabbed Ms Lim when she found a new boyfriend and broke off with him.
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    • 451 5  - Jin Tai students hurt in mock attack Oil WENDY TAN A TASTE of the Japanese Occupation married with Total Defence Day went horribly wrong last Friday when 14 students from Jin Tai Secondary School ended up in hospital. Eight boys had been invited by the school to simulate a mock
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    • 280 5 ALL Singaporeans and permanent residents, and foreigners on long-term passes w ho make frequent trips in and out of Singapore can now’ apply for special quick-clearance immigration cards. To encourage more people to sign up. the application criteria has also been relaxed. The card system
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    • 399 6  -  The annual street parade, held for the 27th year, was a surefire j 7 hit with its international flavour Oil /DOROTHY HO THEY wore all crowd plcasers. From high-kicking cheerleaders to graceful Chinese maidens, Chingay 27 Singapore had them all. And the 2,500 performers in the
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  • Page 6 Miscellaneous
    • 1061 6 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
    • 1213 7  -  Few make it to the top echelons of sports decision-maidng due to the glass ceiling Hi/ ivyoxc; YOU would think that in sport, it is a level playing field. Well, think again. Just run your eye down the list of national sports associations’ management
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    • Article, Illustration
      128 7 ITS A THREE-LETTER WORD CAUED MEN, WHO HAY A FOUR-LETTER WORD CALIED GOLF, WHO ARE KEEPMG THIS FIVE-LETTER WORD CALLED WOMEN OUT OF THE ACTION.' Ivy Singh-Lim (left) 'I DON'T THINK THE MEN ARE AWARE OF THE PROBLEM. THEY'RE SO USED TO HAVING ONLY MEN AROUND THAT
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  • MALAYSIA
    • 486 8  -  He ‘lost his cool’ and assaulted Anwar after being called the ‘father of all dogs’, says lawyer »7 BRENDAN PEREIRA IN M \l \l t'MPCR MALAYSIA'S former police chief Rahim Noor has admitted assaulting Anwar Ibrahim, saying that he lost his head
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    • 235 8 Reuters KUAIA LUMPUR A fashion designer accused of having sex with Malaysia's ousted Deputy Prime Minister Anwar Ibrahim sued the government last Friday for assault and battery, saying he had been coerced into making a false confession. “I have been oppressed by the police," Mr
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    • 320 8 KUALA LUMPUR A recent decision by the opposition Democratic Action Party (I)AP) to cooperate with the Parti Islam (PAS) has led to the resignation of its Selangor state chairman, who indicated that up to 150 other party members would follow him.
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    • 194 8 Reuters The following is a chronology of hearings by a royal commission into injuries Malaysia’s sacked Deputy Prime Minister Anwar Ibrahim sustained after his arrest in September. Feb 22: Senior police officer Koh Hong Sun (right) say’s he heard a groan from Anwar’s detention cell after
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    • 472 8 Eighth time Bernama KOTA KINABALU Nominations for the Sabah state election closed on Tuesday and it became clear that next week's election would be a keenly-con-tested affair with a record number of candidates taking part. A total of 199 candidates are taking part
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  • SOUTH-EAST ASIA
    • 669 9  -  2,000 student demonstrators want a holy war to stop Muslim killings in the riot-torn area DERWIN PEREIRA IN JAKARTA RADICAL Islamic leaders in Indonesia have called for revenge against Muslim killings in riot-hit Ambon, as 2,000 students took to the streets here demanding a
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    • 448 9  -  LUZ BAGUIORO IN MANILA THE Philippines is redrawing its map boundaries to include a chain of disputed islands in the South China Sea a move that is potentially explosive given China’s insistence of sovereignty over territories in the area. Officials, wary of stirring a
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    • 415 9  -  Ht/ 1 DOMINIC NATHAN A THREE-MONTH salvage operation in the seas off Brunei has turned up a treasure trove of porcelain, jade and gold, but the find is still shrouded in secrecy. Brunei Museum officials said they could not comment on the find,
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  • COMMENTARY
    • 560 10 THURSDAY MARCH 4,1999 IT IS regrettable to see yet another senior Hongkong government official, this time Trade and Industry Secretary Chau Tak Hay, picking on Singapore. To fend oft' criticisms that Hongkong has not been as pro-active as Singapore to sharpen the territory’s competitive edge, he
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    • 599 10 WEDNESDAY March 3,1999 IT IS a fact of geography that Singapore, a dot on the map of South-east Asia, is bordered by the fourth-largest country in the world. But to characterise that dot as red, which Indonesian President B.J. Habibie did a while ago, or to label
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    • 704 10  -  SECOND LAST WORD CIIUA LEE HOONC THE battle for the attention of those who follow news events is intensifying in Asia. Two weeks ago, The Straits I’imes reported that Malaysia intends to start a new all-news television channel that will be
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    • 954 11  - Come on consumers make a stand for better service MY VIEW K'l HELEN CIIIA MY FAMILY had a less stressful reunion dinner this year. We ate at a Chinese restaurant in Furama Hotel. Our reservation was at 6.30 pm, we arrived on the dot, service was prompt and we were
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    • 1105 11  -  BY THE WAY Bu TAN SAI SIONC. A FEW years ago, I saw Summer Snow, a poignant film about a man afflicted with Alzheimer's disease. Like many in the audience. I found the film had several hilarious moments. We roared with laughter at
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  • CPF Newsline A CORPORATE NEWSLETTER OF THE CPF BOARD
    • 762 12 / 13 Property owners can tap on loan to pay monthly mortgages. Heres how it works. Property owners who have bought their properties before 1 January 1999 (see Table 2) and who have difficultypaying their monthlymortgages can now draw on the Government Bridging hum. Ibis applies to
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    • 249 12 / 13 The CPF Boards computer systems are Y2K ready. Simulating different Y2K scenarios to ensure that the systems work in the year 2000 is the next step. By end 1998, all the CPF Board’s computer systems and non-IT equipment were Y2K ready. All application systems were
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    • 360 12 / 13 INVESTING IN UNIT TRUSTS Our new handbook, "CPFIS Risk Classification System Investing in Unit Trusts", helps you understand how approved unit trusts are classified according to their risk level. Get this handbook at all CPF offices, agent banks and approved fund management companies. You can also find
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    • 229 12 / 13 Improvements to services in 1998 were aimed at making life easier for our customers. They included: CPF PhoneLine Call Centre (1800-*****88): In December, the CPF Board’s telephone pools were centralised into the Call Centre. By August this year, CPF members can call this number to
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    • 105 12 / 13 If you want to find out howto withdraw- the CPF savings of someone w-ho has passed away, drop by your nearest Neighbourhood Police Post and get a copy of CPF Board's new publication titled “When a CPF member passes away”. This handbook tells you
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  • Page 12 / 13 Advertisements
  • Page 12 / 13 Miscellaneous
    • 131 12 / 13 Better start saving now for your old age. With Singapore becoming one of the fastest ageing countries in the world, we need to be prepared for our retirement. That's because by 2030, one in four Singaporeans will be over 65 years. That's 20% of our population. K 3 If we
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  • INSIGHT
    • 1745 14 At a Chinese New Year constituency dinner in Tanjong Pagar two Saturdays ago, Senior Minister Lee Kuan Yew urged S i iigapc>rearis to lirace themselves for more turbulence and tension ahead in foreign relations. CHUALEEHOONG examines the state of ties between the Republic and its
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    • 1204 15  -  THINKING ALOUD Zl RAID All IBRAHIM A SIDE debate has surfaced in the wake of the recent announcement to review the teaching of Chinese language. Members of the Malay elite are appealing for similar attention to be paid to the future of their
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    • 996 15  -  LAST WEEK IN POLITICS I CHI A LEE lIOOMG THE conciliatory words coming from Datuk Seri Syed Hamid Albar in recent days are a marked change from the testiness of other Malaysian leaders, but how representative is he, and will the attitude
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  • MONEY
    • 366 16  -  DENNIS CHAN IT WAS a mostly quiet week, with investors sidelined due to the corporate reporting season, its well its uncertainties on Wall Street. Dealers said shares mostly traded within a tight range on lack of fresh leads. However, the property sector gave the market
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    • 75 16 Straits Times Index TIm Strait» Tim*» Index rose 37.75points in th* week to 1,449.66. DAY CLOSE TURNOVER Monday 1,422.85 (*10.94) 101.4m ($199.1m) Tuesday 1,418.61 4.24) 157.7m ($183.7m) Wednesday 1,415.81 2.80) 117.4m ($201.4m) Thursday 1,433.41 (*17.60) 131.6m ($225.0m) Friday 1,449.66 (*16.25) 193.9m ($311.4m) BT-SRI Index The BT-SRI Index
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    • 1760 16 Company Date enn Net eern TV LY ($m) (Sm> EPS TV LY (eta) (cts) Asiamatru fab 1 P 1.9841 2.185L 6.8L 8.1L AsiaPac Brew Dec It P 63 719 77.287 25.2 30.5 Aieiendra Dec 9 1 2.341L 4.0401 7 8L I3L AseanSup# Jan 2S 1 13 35L 31.64L
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    • 178 16 BONUS ISSUC E«Books Acc k Company Ratio date close Paymt Pan Pacific one-for-two Mar 9 Mar 19 NA RIGHTS ISSUE ElBooks Acc 6 Company Ratio date close Paymt A BR Hidgs two for-one@> $0.25 Dec 23 Dec 30 NA OTHERS ElBooks Acc k Company Ratio date dose Paymt
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    • 27 16 Company Description Pan Proposed Pacific increase in Authorised Share Capital comprising 80,000,000 Ora Shares ot 2Sc each to $25,000,000, 100,000.000 Ora Shares ot 25c each
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    • 108 16 Company Place Date Time CereOos Pac A Hilton S pore Sth Level Indonesia Rm S81 Orchard Rd S'pore *****83) Mar 15 12 noon WBL Corp A 65 Chulia Street OCBC Centre #50-00 S'pore (*****3) Mar 17 10.30am Semb Marine Logistic E 59 Shipyard Road Jurong S'pore (628)43) Mar
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    • 629 16 Payment Ex Books Pay (cts) date close date Australand A$0 50 F 5 Marl Mar 8 Mar 26 AsiaPac Brew F 9 Feb 26 Mar 5 Mar 17 Avimo 20c F 3.5TE Mar 1 Mar 8 Mar 23 ABN AmroNG1.25 F NL00.67 Mar 10 May 28 Amtek 20c
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    • 1281 17 UNIT TRUSTS FUNDS Managers' prices (S$) UNIT TRUSTS Nicholas-Applegate Aberdeen S'pore Gr Fd 1.081 1.136 NA Asia-Pac Gr Fd 0 490xd 0.515xd NA S pore Gr Fd!** 0.670xd 0.705xd Aberdeen Select Portfolio NA Reg China Fd!** 0.385 0.405 American Opport Fd 1.033 1.086 NA Reg India Fd 0.800 0.840 Continental
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    • 337 17  -  A publisher ranks Sing Tel the i r- i i pi® most profitable ot the top 1,000 companies in Singapore l±L JF.AN QUA SINGAPORE Telecom is the most profitable company of the top 1,000 Singapore companies while Caltex Trading has turned in
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    • 341 17  -  fllL TAMMY TAN ANY company seeking to engineer a “backdoor" listing on Nasdaq a prospect raised by home-grown company MyWeb Inc.com would be running foul of the board’s rules. Nasdaq spokesman Wavne I.ee told The Straits Times that backdoor listings and reverse takeovers are
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    • 364 17  -  TAMMY TAN MYWEB Inc.com, the homegrown company which claimed to be joining the ranks of global leader Creative Technology and regional player Pacific Internet on Nasdaq, is not being traded on the US technologv-laden bourse after all. Instead, it is listed on the
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    • 4179 18 Transaction date: Mwch 5,***** MULTI INDUSTRY 52-Wh Curr Last High Low Company Traded Sale ♦or* Vol 000 Day High Low Gr's Dlv Net M Cap P/E $mil Wt Avg Price 142 17 5 m t Acma50c 71.5 ♦1 88 72 71.5 27.5 5 118.3 71 55 29
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    • 992 19 52-Wk High Low Curr Last Company Trades Sale ♦orVol 000 Oay High Low Gr'* Olv Net P/E M Cap $mll Wt Avg Price MANUFACTURING 219 30 e ‘AS Auto 10c 91 5 ♦1 631 93.5 91 15 N 8.6 104.5 91 79.5 45 e ASJ Hidqs 20c 61 2.5
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    • 1327 19 BONDS, LOANS WARRANTS 52-Wh High Low Company Last Sale ♦or* Vol 000 Day High Low Laat Ouote Wt Avq Buyer Seller Price 18 3 “Acer W*****1USS 12 ♦0.5 27 12.5 12 12 13 35 4 5 AcmaW0l0724 .16.5 •0.5 213 17.5 16 5 16.5 17 1 AllToch W*****7 28 5
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    • 138 19 (9am,Mareh 5) Buying 00 Selling Singapore dollars to one unit of foreign currtncy Australian dollar 1.0770 1.0920 Canadian dollar 1.1280 1.1510 N2 dollar 0 9100 0.9300 Sterling pound 2.7760 2 8050 US dollar ***** 1.7410 Singapore dollars to 100 units of foreign currency Austrian schilling 13.40 13.80 Chmasa renminbi
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    • 465 20  -  EDB announces 3Cs initiative to help companies in collaboration, co-investment and consolidation «7 Hr, NARENDRA AGGARWAL PROMISING homegrown companies now have access to a new $lOO million fund to help them ride out the economic slowdown and grow' into worldclass companies when the recovery comes.
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    • 432 20  -  CORPORATE RESULTS *ul WILLIAM GIIOONG MAIN BOARD-LISTED NatSteel Electronics (NEL) on Wednesday announced a sharp 90 percent increase in full-year profit and a new contract with semiconductor firm Intel Corp to build computer motherboards. For the year ended Dec .'5l. the contract manufacturer's net earnings surged
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    • 275 20 SIME Singapore on Wednesday reported interim net profit fell by a hefty 45 per cent to $7 million due to smaller profit margins and stiff competition. Group turnover shrank 19 per cent to $286.4 million for the first six months ended Dec 31.
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    • 558 20  -  «7 AMY BALAN DESPITE a creditable operating performance, OCBC Bank's net profit dropped 27 per cent to $425 million last year, after it set aside hefty provisions for mounting bad loans arising from the regional crisis. The profit was better than an average decline of
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  • Page 21 Advertisements
    • 1069 21 The Straits Times Weekly Edition APPOINTMENTS SmfcGeri) Diuj ■pj At Changi (literal Hospital, you can make a difference even day in healing and caring for the community. Our medical, paramedical and administrative professionals form an active and vibrant team which combines the best of personal commitment and qual with the
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  • Page 22 Advertisements
    • 867 22 Wi E INVEST IN THE BEST.I areer decisions should be made prudently because they determine your long-term future. When you join the Government of Singapore Investment Corporation He Ltd (GlC).you are making a prudent decision which gives you good long-term returns. We are the largest global fund management company in
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  • FORUM
    • 295 23 I AGREE with Mr Victor him Kong Swee’s call for the Government to screen would-be permanent residents carefully (ST Weekly, Eeb 27). As a Singapore citizen, I understand and accept the Government’s explanations of the benefits of inviting talented people from all over the world
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    • 336 23 THERE are many things that Singapore can be proud of, from its green environment to its irresistible cuisines. There are constant efforts to make this small island an efficient and attractive place. Changi Airport and Singapore One are two fine examples. But the recent events which happened to
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    • 587 23 FOR the last two years, I have been working and living in Singapore. As a teenager, I always welcomed change and I found that new technological developments intrigued me. Now, they just scare me. We are in too much of a hurry to
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    • 282 23 I AM very disturbed by the behaviour of our schoolchildren. It seems to me that discipline in schools is not as strict as it used to be. The physical appearance and neatness of students in the past w-ere freuuentlv inspected by the discipline
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  • 398 24  -  Tin *ee of the share manipulation charges relate to transactions allegedly involving a firm owned partlv bv a grandson of Suharto ih, JEAN CHI A THE chairman of Sesdaq-listed electronics company Goldtron, Ong Soon K.iat, yesterday pleaded guilty to five share manipulation charges. Three of the
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  • 128 24 ANTARCTICA IN SINGAPORE I If vou live on the Equator and you are heading for the Antarctica, how do vou train? Hang around in a fridge a big one, like this cold room in Senoko Drive where temperatures can go below -20 degree Celsius. The Antarctica 2000
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  • 331 24 A 36-YEAR-OLD woman was charged in a district court on Thursday with murdering her two young sons: 1.9-month-old Sanjay Dass and six-year-old Pravin Zacarias Dass. Filipino Melody Z. Dass cried as the two charges were read to her, accusing her of committing
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  • Page 24 Advertisements
    • 206 24 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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