The Straits Times : Weekly Overseas Edition, 8 May 1999

Total Pages: 23
1 24 The Straits Times : Weekly Overseas Edition
  • 20 1 The Straits Times Weekly Edition Saturday May B,HWfn Price: S$ 1.20 (in Singapore) Elsewhere by subscription only MITA (P) 080/08/98
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  • 677 1  -  Putting the S2l debate ‘in perspective', PM cautions against expectations of seeing fast results Bti ZURAIDAH IBRAHIM BEWARE of creating unrealistic expectations of quick results from the Singapore 21 statements because the country, made up of disparate peoples, is not yet a nation, said the
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  • 343 1  -  Oil TAN 00l BOON SOME high-rolling gamblers are taking advantage of the High Court's "no gambling debt” ruling and are thinking of wiggling out of their own debts to foreign casinos. Most of these gamblers owe huge sums of money to casinos in such places
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  • Page 1 Advertisements

  • PRIME NEWS
    • 632 2  -  Rate for this year revised higher, but PM Goh warns of dangers of seeking wage increases now Oil AHMAD OSM AN SINGAPORE'S economy grew by 1.2 per cent from January to March, and the growth rate for this year has been revised upwards from
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    • 517 2  -  P AULINE LEONG MISSING pigs. Late pigs. Whose pigs? Things came to a head on Tuesday morning when exasperated pork merchants exchanged heated words with Jurong Abattoir workers. The breaking point: The slaughterers' new system of identifying pigs that pork merchants had put in their
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    • 316 2  -  Hi, BRENDAN PEREIRA l\ KUALA LUMPUR MALAYSIAN regulators on Sunday stepped up their action against errant corporate figures, slapping the former chief executive officer of Sime Bank. Datuk Ismail Zakaria, with charges that could lead to a jail term or a RMS million (552.2 million)
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    • 593 3  -  They will study science, maths online and, if they do well, get placed at Stanford and NUS fly! SANDRA DAVIE GIFTED science and mathematics students can soon take up university courses online and earn credits to get advance placement at top American university
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    • 572 3  -  i TAV CHENG KHOON ABOUT §4.3 million w r as wagered on the 30 S-League matches since football betting was introduced in Singapore five weeks ago. And Singapore Pools, which operates the betting game called Score, believes that the figure can reach as high
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    • 380 3  -  SINGNET REPLIES ON SCANNING ACTIVITIES H !L GEOFFREY PEREIRA SINGNET said yesterday that it did not release its list of customers to the Home Affairs Ministry’, which would have allowed the ministry to identify- surfers through its scanning activities. In assuring its subscribers that there was
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    • 258 3 PARLIAMENT on Tuesday raised the limits on the issue of Singapore Government Securities to $220 billion, from $lOO billion, as part of an overall strategy to develop the capital market here. There is only about $2.1 billion of Government Securities left unissued and the Monetary
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  • PARLIAMENT
    • 553 4 Only 1 per cent of local scholars, 0.2 per cent of overseas ones have broken bonds, BG Lee says GOVERNMENT scholarship schemes have worked well, with only 1 and 0.2 per cent of local and overseas scholars respectively breaking their bonds before starting work, said Deputy
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    • 426 4 UTTERING, ILLEGAL DUMPING STIFFER penalties for illegal dumping and littering will now be meted out after Parliament passed the Environmental Public Health (Amendment) Bill on Tuesday. Illegal dumping offenders can now be fined up to $50,000 on conviction up from the present S 10.000. For
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    • 237 4 NEW partnerships will be forged between the public sector and community groups through three new initiatives, said Community Development Minister Abdullah Tarmugi. Giving the Government's first response to the Singapore 21 report on Tuesday, he said that a national body to promote volunteerism as
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    • 263 4 IT IS more a case of a few difficult owners holding up the majority who want to sell their flats than one of the majority riding roughshod over the interests of those who are reluctant to give up their homes in cn-bloc sales, said law
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    • 304 4 A GOVERNMENT publication that excludes the opposition, or a document that captures the vision of a large cross-section of Singapore society? Opposition MP(Potong Pasir)Chiam See Tong charged that the Singapore 21 report was the former, while PAP MP (Jalan
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    • 1502 5 Feel passionate about what you do. Retain the drive to excel, but strive for more than material success. Keep the good old values, but change parents mindsets. The 10 MFs who debated the Singapore 21 committee report on Tuesday drew on personal stories and anecdotes
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  • HOME
    • 429 6  -  Divorcees favour police posts as places where they can hand their children over to ex-spouses Bu BRAEMA MATH I OUTSIDE a Neighbourhood Police Post on a recent Saturday, a man paced for an hour, waiting for his ex-wife and their daughter. They
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    • 282 6  -  Bui LESLIE KOII THE Land Transport Authority has spent $67 million upgrading more than 800 bus stops. Another 100 were upgraded by the private firm. Capital City Posters in exchange for advertising rights on the stops. At about $60,000 per bus stop, that would mean paving
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  • Page 6 Miscellaneous
    • 1060 6 RADIO SINGAPORE INTERNATIONAL (ENGLISH) PROGRAMME SCHEDULES 1100 1400 Hours (GMT) 6015 KHz (49M BAND) 6150 KHz (49M BAND) MONDAY 1100 News 1109 Business Market Report 1115 Arts Arena 1130 News 1135 Wired Up 1145 Newsline 1200 News/Weather (AsiaPacific) 1210 E Z Beat 1230 Business Market Report 1235 The Written Word
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  • SPORTS
    • 467 7  - A million race down Orchard Rd STB and a top sports marketing company are planning world’s richest athletics race for October l llL PETER KHOO ORCHARD Road may become a million-dollar mile. Make that US$l.l million. That is the prize money for the world's richest race, the Singapore International Million
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    • 138 7  -  GOLF LIM SENG JIN SINGAPORE’S top golf professional Samson Gimson was reprieved last Friday when the High Court adjourned a bank’s petition for two weeks to make him a bankrupt. High Court assistant registrar Audrey Lim ordered the adjournment as Citibank NA had not served the
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    • Article, Illustration
      265 7 THE WORLD'S RICHEST RACES 1 Singapore International Million-Dollar Mile Prize money: US$l.l million (551.87 million) 2 Bob Hasan Mile Race in Indonesia (race has since been scrapped because of the economic crisis) Prize money: US$l million 3 International Amateur Athletic Federation Golden League in Europe Prize money: US$l
      Source: INTERNATIONAL AMATEUR ATHLETIC FEDERATION; HAL MOM) LEE  -  265 words
    • 213 7 ATHLETICS IT WILL be a more scenic run for participants at the International Mobil Marathon on Dec 5. For the first time in the run’s 14-year history, the route includes Singapore’s central business district. Starting and finishing at the Marina Promenade, the runners will take
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    • 425 7  -  SOCCER Rill TAY CHENG KHOON SENIOR Singapore Sports Council official John Koh will take over as the Republic’s soccer supremo on June 1. Koh, who will turn 60 on that day, is presently the SSC deputy executive director. When contacted on Monday night, the
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  • MALAYSIA
    • 457 8 He says he will hand over the premiership to Abdullah, but does not specify exactly when Bernama JITRA (Kedah) Prime Minister Mahathir Mohamad said on Sunday that he would hand over the premiership to Datuk Seri Abdullah Ahmad Badawi after the coming general
      Bernama  -  457 words
    • 288 8 AFP KUAIA LUMPUR An angry Ummi Ilafilda Ali, .32, declaring herself unmarried and “still a virgin", last Friday sued an opposition party newspaper for describing her as a “small-time hooker". The advertising executive, a key witness in the recent trial of ousted deputy
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    • 351 8  -  BRENDAN PEREIRA l\ M VI A I.CMPUH ANWAR Ibrahim’s sodomy trial will begin on June 7. but this time, stiff ground rules will govern proceedings. Lawyers are barred from making comments or giving interviews about the trial, or rulings made in the courtroom, while journalists
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    • 211 8 KUAIA LUMPUR Malaysian pop star Aishah has denied having an affair with jailed former Deputy Premier Anwar Ibrahim but admitted that she sang a duet with him two years ago. The Malay daily Utusan Malaysia reported that the singer made the denial in a letter to
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    • 306 8 MB defends laureate's book *****' The Star/Asia News Network, New Straits Times KOTA BARU The use of vulgar words is acceptable if used in the proper context and circumstances, Kelantan Mentri Besar Nik Aziz Nik Mat has said, defending national laureate Shahnon Ahmad's controversial book. *****. The spiritual adviser of
      The Star/Asia News Network,; New Straits Times  -  306 words
    • 156 8 KUAIA LUMPUR The long arm of the law has finally caught up with the last of five conspirators sought for the fraudulent transfer of RM22.2 million (S$l() million) out of the Malaysian central bank in 1988. Having eluded the authorities for more than a decade, it is
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  • SOUTH-EAST ASIA
    • 436 9  -  A simple hut dignified ceremony at sunset marks the latest chapter in the grouping’s 32-year history EDWARD TANG l\ HANOI CAMBODIA was sworn in as Asean’s 10th member in a simple but dignified ceremony as the sun set in the Vietnamese capital last Friday, marking
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    • 88 9 AFP JAKARTA Indonesia's economic crisis is estimated to have forced six million children to drop out of school to earn for the family since mid-1996, a report said last Saturday. Mr Indra Jati Sidi, the di-rector-general for primary and secondary education, was quoted by the Suara
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    • 365 9 GOLD BARS TO REPLENISH COFFERS AFP, Reuters BANGKOK A revered Thai monk yesterday handed over 83 gold bars to the Bank of Thailand (BoT), the fruit of a tireless personal crusade to replenish the central bank’s cri-sis-depleted coffers. Mr Luangta Mahabua Yanasampano, 83, delivered
      AFP,; Reuters  -  365 words
    • 314 9  -  ih, DOMINIC NATHAN NAVY ships from Singapore and Indonesia have stepped up surveillance and patrols in the Singapore Strait and Philip Channel, following a spate of robberies at sea recently. Second Defence Minister Teo Chee Hean said this on Tuesday at the opening of the International
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  • Page 9 Advertisements
    • 210 9 r. 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
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  • COMMENTARY
    • 592 10 TUESDAY MAY 4,1999 THE recent furore over the move by Sing Net, Singapore's biggest Internet service provider, to scan the computers of its 200,000-plus subscribers for vulnerabilities to virus attacks offers much food for thought. The first point to come to mind is whether a service provider should
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    • 594 10 SATURDAY MAY 8,1999 THE 172.000 Central Limit Order Book or Clob investors are confused and very angiy, and for good reason. Their ownership of Malaysian shares on the over-the-counter market based in Singapore became a matter of dubious distinction suddenly when the trading of such shares
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    • 757 10  -  EYE ON THE WORLD Hu ASAD LATIF WHEN the United States wants to impress people, it invites them aboard its aircraft carriers. When it cannot impress them, the ships go into action. That is understandable, since the US attracts powerful outbursts of devotion and hostility,
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    • 874 11  -  MY VIEW NCWEIJOO SINGAPOREANS, it seems, like to play it safe when it comes to their retirement. Perhaps, too safe. How else do you explain the fact that more than half prefer to rely on their Central Provident Fund money or bank
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    • 977 11  -  BY THE WAY By TAN SAISIONG IF I had belonged to the group which loved nothing better than to pig out on pork dishes, then events of the past two months would certainly have killed much of that ardour. The encephalitis-cum-Nipah virus
      NOKI KOSAI KS  -  977 words


  • CPF Newsline A CORPORATE NEWSLETTER OF THE CPF BOARD
    • 543 12 / 13 Family of cancer-stricken CPF member paid 66% of hospital bills with MediShield. At the tender age of 26, Ronnie Tan was diagnosed with mouth cancer. His family was stunned. “How could it have happened so suddenly?" asked his father. Mr Tan Heng. a 53-vear-old lorry
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    • 214 12 / 13 It’s better to be safe than sorry. Given the high medical costs of treating chronic illnesses these days, it is wise to be prepared just like Ronnie Tan and his family. Every CPF member has a Medisave account which they can draw on to cover medical
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    • 369 12 / 13 One of the first things that you should do after becoming a CPF member is to make a nomination. iTiis is a legal document which enables the Board to distribute your CPF savings and assets in the event of death. Qj: Who
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    • 98 12 / 13 ■w* am a CPF Ambassador" is I the new quality service A goal for CPF officers in the Board's vision for 2010. As the Board moves into the 21st century to meet new service challenges, every CPF officer will be equipped with the knowledge
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    • 235 12 / 13 With the 10% CPF cut from 1 January 1999. some of you may experience difficulties servicing your housing instalments. To assist you. the Government has introduced several financial measures. These are: Use of Special Account you may use your Special Account savings to service your
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    • 388 12 / 13 ANNUITIES ON CPF PAL-INTERNET Visit CPF PAL-Internet to find out how to make the most of your retirement nest egg by buying an annuity with your CPF Minimum Sum. Just log on and download the following information: Annuities handbook published by Life Insurance Association (http://www.cpf.gov.sg/publication/annuity.asp). Monthly payment
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  • Page 12 / 13 Advertisements
  • Page 12 / 13 Miscellaneous
    • 158 12 / 13 I've just invested in more shares with my CPF. But your CPF for old age ft u At current contribution rates, by age 62 the current retirement age a CPF member would be able to receive a monthly payment of 20% to 40% of his last take home pay... after
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  • INSIGHT
    • 1808 14 Tourism has long been a shining star in the economy until the haze, the economic crisis and the political upheaval in the region. But are "external factors alone to blame, or are there more deep-seated deficiencies? EVELYN YAP reports. TOURISM student Alicia Tan, 21,
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    • 1281 15  -  THINKING ALOUD WARREN FERNANDEZ THREE Ms: More motherhood messages. That was how a friend of mine summed up the new Singapore 21 vision launched bv Prime Minister Goh Chok Tong last Saturday. Every Singaporean matters, declares one of the five key ideas that
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    • 1010 15  -  THIS WEEK IN POLITICS K’J CHI A LEE hoonc; WHAT is Singapore 21 all about? There was such an avalanche of news stories last week about that vision thing launched by Prime Minister Goh Chok Tong, I'm getting a bit confused. There are so
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  • MONEY
    • 362 16  -  LEONG CHANTEIK MII.D and intermittent profittaking throughout the week gave way to heavy selling on Friday after US Federal Reserve Board chairman Alan Greenspan hinted that a rise in interest rates may be imminent. The Straits Times Index started on Monday at 1,886.19
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    • 80 16 Straits Times Index Th« Straits Timas Indei rose 1.21 points for tha week to 1,899.45. DAY CLOSE TURNOVER Monday 1,898.24 (♦12.0S) 789.0m ($873.7m) Tuesday 1.931.90 (♦33.66) 947.5m ($1,269.1m) Wednesday 1.965.18 33 28) 909.1m ($1,247.9m) Thursday 1,974.64 9 46) 1,214.9m ($1,370.1m) Friday 1.899.45 75.19) 997.8m ($1,401.7m) BT-SItl Index
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    • 1866 16 Company Datt ann Net earn TV LY <$m) ($m> EPS TV LV lets) (cts) ANA Hotel* Mar 31 P 0.207L 2.914 0.4L 608 Acme Mar 26 P ***** 23.535 12.2 14.2 Amare Hldgs Mar 3t P 1.840 7425 0.32 1.50 Apollo Ent Mar 26 P 7.010L 1.997L 4
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    • 159 16 BONUS ISSUE Ex* Books Acc Company Ratio data dose Paymt Serial Sys ona-tor-throa Apr 30 May 7 NA OUB ona-fof-tan May 10 May 17 May 28 BBR one-for-one May 20 May 27 Jun 15 Eng Kong one-for-two May 25 Jun 1 NA RIGHTS ISSUE El* Books Acc k
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    • 22 16 Company Description NatSteei Entraordmary Meeting on 26 May 1999. At DBS Auditorium Conference Room, DBS Building. S'pore (*****9) Time 2.30pm.
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    • 137 16 Date Time SPP A 30 Robinson Rd #12-01 Robinson Towtrs dun 28 10.00am Ktppel Tat Lte Bank A S port (*****6) Conferanct Room Kappal Corpn Ltd 32S Telok Blangah Rd Sport (*****1) Jun 8 10.1Sam ST Capital A Hilton Ltvtl S S'port Room S81 Orchard Rd S'port (*****3)
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    • 1026 16 Payment (cts) Cx date Books close Pay date Auric Pac 50c D 3.5 Apr 28 MayS May 24 Australia ASOc 1 A3 May 10 May 17 Jun 4 BBR Sc b 1 May 20 May 27 Jun 15 Berger In*l25c b 0.25 Jun 14 Jun 21 Jul 2
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    • 1345 17 UNIT TRUSTS FUNDS May 8, 1999 1 Managers' prices (S$) UNIT TRUSTS Aberdeen Asset Mqt Asm Ltd MG Asia Premier T!** 1.09 1.14 Aberdeen S pore Gr Fd 1.46! 1.535 MG Premier Asian Bd Fd** 906 9.34 Aberdeen Select Portfolio MG Lion Bond Fund/$ 11.08 11.31 American Opport Fd 1.072
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    • 285 17  -  Scheme will offer SembCorp shares, which have ‘higher growth potential’, to investors >±L TAMMY TAN SEMBCORP Industries (SCI) is privatising its listed industrial park arm. Sembawang Resources Limited (SRL), as part of its ongoing plan to rationalise its businesses. The move, which will see annual
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    • 223 17  -  liti NARENDRA AGGARWAL SINGAPORE'S industrial production rose a healthy 6.5 per cent in the first quarter, reaching an all-time high in March further evidence that an economic recovery is underway in the country. The manufacturing sector’s growth over the same period last year was boosted by strong increases
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    • 196 17 PRIVATE home prices rose 4.4 per cent in the first quarter, reversing 10 quarters of declines since the market peaked in the second quarter of 1996. latest figures from the Urban Redevelopment Authority show. The supply overhang is abating, he stock of unsold units in incomplete
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    • 386 17 SINGAPORE Airlines (SIA) has inked a deal with United Airlines (UA), the world’s largest carrier, to form an alliance that will provide customers of both carriers new opportunities to redeem their frequent flyer programme miles. From July 1. members of UA's Mileage Plus programme would
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    • 4410 18 Transaction date: May 7,1999 MULTI INDUSTRY S2-Wk High Low Company Curr Last Traded Sale ♦orVol 000 Oay High Low Gr’* Div Net P/C M Cap $mil Wt Avq Price 127 17.5 119 cd ■5 2329 125 118 10 9.8 196.9 118 49 25 38.5 ♦1.5 803 45
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    • 1076 19 52-Wh High Low Curr Last Company Traded Sale ♦or8 op > Day High Low Gr’s Dlv Net P/E H Cap Smll Wt Avg Price MANUFACTURING 152 30 c AS Auto 10c 119 ♦1 6868 126 116 15 N 11.2 135.9 115 79.5 45 c ASJ Hidgs 20c 67 5
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    • 1561 19 BONDS, LOANS WARRANTS Transaction date: May 7,1999 52-Wk High Low Company Last Salo ♦Of Vol '000 Day High Low Last Ouoto Buyer Seller Wt Avg Price 25 3 s A Ac»r W*****1 US$ .22.5 •1 339 24.5 22 22 23 35.5 4.5 s Acrna W*****4 ...31.5 2 852 34 30
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    • 145 19 (9am,May 7) Buying 00 Sellinq Singapore dollars to one unit of foreign currency Australian dollar 1.1350 1.1510 Canadian dollar 1.1580 1.1820 NZ dollar 0.9490 0.9690 Sterling pound 2.7680 2.7970 US dollar 1.6940 1.7050 Singapore dollars to 100 units of foreign currency Austrian schilling 13.10 13.50 Belgian franc 4.490 4.590
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    • THE CLOB IMPASSE
      • 637 20  -  BG Lee says that private sector’ offers do not affect agreement signed by SES, KL counterparts Bu WALTER FERNANDEZ INVESTORS who do not wish to sell their Cloh shares on the terms offered by businessman Akbar Khan, or to accept any other offers,
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      • 293 20  -  Bu YEOW PEI LIN CLOB investor Richard Ong, +2, is prepared to hold his shares for the next few years even if it means having to cough up more than $5,000 in overdraft interest a month. Six years ago, the employment agency owner ploughed in
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      • 475 20  -  LEONG CHAN TEIK ALL but five out of 138 Clob investors who contacted The Straits Times on Monday about businessman Akbar Khan's offer to buy their shares gave a thumbs down to the proposal. Seventy-seven people rejected the offer which involves swallowing a loss
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      • 484 20  -  hu i AMYBALAN THERE is little that the Stock Exchange of Singapore (SES) can do to resolve the frozen Clob shares without cooperation from Malaysia, said analysts and legal experts. "Realistically, SES’s options are limited," said SG Securities Asia chief strategist Manu Bhaskaran. He was
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  • Page 21 Advertisements
    • 734 21 /////////////i The Straits Times Weekly Edition V s th*ap*nzoo A CORPORATE AFFAIRS OFFICER The Corporate Affairs Officer will assist the Corporate Affairs Manager in marketing activities and administration for adoption, sponsorship and Friends of the Zoo membership programmes. The candidate should have good writing and interpersonal skills. Hc/she should be
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  • Page 22 Advertisements
    • 1135 22 :TI NVIRONMRNTAL TICHNOLOOV INSTITUTE SiNOAPfJUt RESEARCH FELLOW SOLID STATE You will be responsible for the operation, maintenance and carrying out of chemical and/or structural analysis of inorganic materials using X-ray and electron beam techniques. You need to ensure compliance or analytical equipment to ISO and ASTM standards including participation in
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  • FORUM
    • 269 23 I REFER to Malaysian Prime Minister Mahathir Mohamad’s statement (ST, May 4) that Singaporeans should not expect to benefit from any eventual solution to the Clob issue. Is it any wonder that we now have a total impasse. This incident, more than any other, has made
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    • 166 23 TI IE entire episode surrounding the so-called “Khan solution" to buy all the Clob shares stinks to high heaven, if I may borrow a well-known phrase. It is all a sham, as evidenced by the way the Malaysians have acted in this whole saga. There seems
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    • 504 23 OVER the past months, the Government has been emphasising the need for technopreneurship in Singapore. Of late, the residential property market has also been hogging the headlines, with news of a seemingly inevitable upturn in residential property prices. In fact, recent speculative opinion predicts price rises
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    • 316 23 I WAS astonished to read the adverse comments and complaints expressed in the report “Bus stops or all-purpose shelters?” (The Sunday Times, May 2). It seems that the Land Transport Authority just cannot please all bus commuters, despite having spent S(>7 million upgrading 800 bus stops,
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    • 108 23 I REFER to the OUB Global Debit Card which was launched recently. It seems that all the advertisements that have appeared for the debit card clearly states that no minimum income is required. However, on the application form for the card, applicants are required
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    • 236 23 I AM intrigued by the ingenious manner in which Mr Robin Cheng, Tampines Town Council’s general manager, made a ease for the Simei Briskwalkers having to pay an exorbitant fee of S3OO to use the park once a week for an hour. He deemed that, as
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  • 892 24  -  The Singapore Stock Exchange points out glaring deficiencies’ in Akbar Khan’s Clob proposal AMY BA LAN THE Stock Exchange of Singapore on Wednesday broke its silence on the merits of the Akbar Khan proposals on frozen Clob shares to say the offer fell short of acceptable standards.
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  • 697 24  -  PAY $3OO TO WALK IN PARK CONTROVERSY *L J ASON LF.OW THE Simei Briskwalkers, a group of 40 women w'ho exercise regularly at Tampines Festival Park, has never been asked to pay to use the place. Communications Minister Mah Bow Tan, an MP for Tampines GRC,
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