The Straits Times : Weekly Overseas Edition, 12 June 1999

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Total Pages: 24
1 24 The Straits Times : Weekly Overseas Edition
  • 20 1 The Straits Times Weekly Edition Saturday June 12.1999 Price: S$ 1.20 (in Singapore) Elsewhere by subscription only MITA (P) 080/08/98
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  • 560 1  -  It shows its displeasure after News Ltd withdrew its offer and indicated it wants a higher price Oil DENNIS CH AN AN upset Singapore Airlines yesterday indicated that it was not interested in pursuing Ansett further after News Ltd pulled the plug on
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  • 82 1 FOOD SCARE EMPTIES SHELVES A “dont buy, don’t eat ban” of food products from 10 European countries by the authorities emptied shelves in supermarkets across the island, including these at Tops supermarket, as retailers scrambled to comply with the “clear the shelves” order. The food scare
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  • PRIME NEWS
    • 398 2  -  Major opposition parties have started serious talks on power sharing arrangements Hu SUSAN SIM INDONKSI (.'OH RESPONDENT JAKARTA The Indonesian government yesterday woke ur» to an internal report which showed the ruling Golkar in for a crushing defeat as the Megawati Sukarnoputri-Abdurrah-mar Wahid juggernaut grabbed half
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    • 426 2 LOCAL and foreign law firms will be allowed to form jointventure firms and formal alliances among themselves to give the financial sector a one-stop service for international contracts For a start, the Government will allow five joint-venture firms Here, the foreign partners will be able
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    • 544 2 SINGAPORE'S F’oreign Affairs Ministry has refuted details on bilateral negotiations with Malaysia that were leaked to a Malaysian newspaper, saying that a distorted picture had been presented about the ongoing talks. A ministry spokesman, responding to media queries on a June 5 article in
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    • 645 3  -  He is fined the maximum $lO,OOO for helping his sisters husband to cheat a company Hu ELENA CHONG EX-MP Ch<K) Wee Khiang was sentenced to two weeks in jail and given the maximum $lO,OOO fine on Monday for helping a man to cheat a
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    • 441 3 EX-MP Choo Wee Khiang’s role in cheating a finance company was vital, and the whole sham transaction would not have been possible without him, said a district judge on Monday. He was neither stupid nor naive as pleaded in mitigation. He had signed a
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    • 719 3  -  »!L CHANG AI-LIEN EVERYTHING from European sausages and mayonnaise to ice cream and pasta is disappearing from supermarket shelves as the Government last Saturday widened a food import ban. It now covers all European meat, eggs and dairy products, and anything made with them. The food
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  • HOME
    • 529 4 A FIRST class tight is brewing between Singapore Airlines and British Airways, with BA claiming that SIA copied the design of the seats in its First Class section. BA tired the first shot on May 6. Through its lawyers in Singapore. Alban Tay Mahtani
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    • 590 4  -  But the mid-year payment will be for just two weeks, and it will not have the NWC wage adjustment Bijj AHMAD OSMAN CIVIL servants will receive a mid-year payment of half a month s salary next month, but there will be no mid-year National Wages
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    • 315 4  -  a a FEIJA SOU SINGAPORE’S navy is the No. 1 naval force in the region, w'ay ahead of larger and more mature South-east Asian fleets, according to US defence analysts. They also said the Republic of Singapore Navy (RSN) was unrivalled in its ability to
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    • 552 5  -  Scheme allowing parents to reserve places for children while posted abroad has 186 takers M. NIRMALA mu! EUNICE LAU PARENTS of 186 children have taken up a scheme to reserve places in schools for their children while the families are abroad. The
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    • 371 5  -  «2. SANDRA DAVIE TWELVE primary schools, including popular Rosyth, Raffles Ctiris and Nanyang, started alumni associations in the past year. The springboard is a new education policy that awards priority for school places to children whose parents are active in schools. The other nine schools
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    • 273 5 MADAM Kang Siew Yew, 7S, (left) was the oldest alumnus at Nanyang Girls' High on Sunday, when about 5,000 old girls bade farewell to the old school and walked to the new one at Linden Drive, along Bukit Timah Road. She studied at
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    • 971 6  -  Mr Internet logs on about four times a week, tor 46 minutes a day, is usually male and has at least A levels, says SPH survey Sill ANDRIANIE MEET Mr Internet, your average cybersurfer in Singapore. He logs on at least four days a
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    • 545 6  -  BUSINESS UNPROFITABLE PIL NATALIE SOU TIIE Ngs, who have been selling pork for 28 years, are giving up their stall in the market at Ang Mo Kio Avenue 1. They stopped selling pork from March because few people bought the meat after the pig
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    • 254 6  -  *L SHARON VASOO lINVESTIGATIONS into the Silk Air MI 185 crash in 1997 are now focusing on the crew’s financial status, examining such things as their bank accounts, debts and insurance policies. In the third and latest update chief investigator Oetarjo Diran said that
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    • 345 7  -  f*!L AHMAD OSMAN MADAM Teo Siew Har, the wife of opposition politician Tang I.iang Hong, has lost her appeal against a High Court decision on the sale of her family bungalow at 75, Hua Guan Avenue. The Appeals Court upheld a decision by Justice Chao Hick
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    • 658 7  -  It will hand over running of its public education efforts to community and act as adviser IhL DOMINIC: NATHAN THE Environment Ministry is moving away from its 30-year public education strategy of government-led campaigns against littering, unclean toilets and a host of other public health issues.
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    • 606 7  -  «V lii, SAMANTHA SANTA M ARIA THE National Science and Technology Board (NSTB) has a new' role: to lead Singapore in its drive to be a technopolis. Board chairman Teo Ming Kian said last Friday: "We are interested in the creation of companies
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    • 486 8  -  It will display paintings of prominent figures and defining moments in Singapore history «2. /IRAIDAH IBRAHIM THE Singapore History Museum (SHM) is planning a National Portrait Gallery which will display portraits and paintings of prominent figures and defining moments in the country's history. Portraits of past
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    • 183 8 A REGISTER of acupuncturists will be drawn up from next year as part of moves to regulate and standardise the training of traditional Chinese medicine (TCM) practitioners here. Acupuncturists who satisfy certain training and practice requirements will have their names on it. But those who
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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
    • 683 9  -  The teen heats more experienced keglers to become the youngest national champion in 30 years bowling Hi S. Ml RAM OFFICIALLY, the two-week event was called the 30th CDLSingapore National Bowling Championships. Unofficially, it was the Lim /hong Extravaganza. And was it extravagant! Until Sunday
      (. CM \\I)H \l) VS Main photo I l IS ASCI I  -  683 words
    • 253 9 SNOOKER KEITH E ended the giant-kill-ing run of Marvin Lim to claim his third consecutive national snooker title at the Singapore Billiards and Snooker Council Hall on Thursday night. But the 27-year-old E had to summon on all his guile and mental strength, coming
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    • 597 9  - V enables sells academy idea to FAS SOCCER Hi GODFREY ROBERT THE ball has been placed in Terry Venables' half for the English coach to decide if he wants to play a part in Singapore's Goal 2010 vision. Venables, the former England and Australia coach, had discussions with the Football
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  • MALAYSIA
    • 696 10  -  This is first time former DPM’s close friend has admitted to procuring women for him after nearly seven months in detention Hi, BRENDAN PEREIRA IN KUALA LUMPUR FORMER Magnum director S Nallakaruppan has spilled the beans on his close friend Anwar Ibrahim, saying
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    • 283 10  -  By DOUGLAS WONG IN PUTRAJAYA NEXT week, almost a year behind schedule because of the economic crisis. Prime Minister Mahathir Mohamad will receive the keys to his new office and residence in Putrajaya, in the heart of the Multimedia Super Corridor. "When the
      :e ASIAN WALL STREET JOURNAL; c: CM A\ DR ADAS  -  283 words
    • 329 10 KUALA LUMPUR Datuk Seri Dr Mahathir Mohamad said yesterday his ruling coalition faces problems in the Malay heartland and among the nation's youth ahead of the approaching general election. But he said the National Front coalition had taken steps to meet the challenges and
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  • SOUTH-EAST ASIA
    • 880 11  -  Megawati’s PDI-P takes early lead in urban areas, but Golkar, is optimistic in second place Bij St SAN SIM INDONESIA COKKI-'M'I INDENT JAKARTA More than 110 million Indonesians toon with alacrity to their country’s first, tree multi-party election in tour decades, subjecting without fuss
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    • ROUND-UP
      • 79 11 THE ruling Golkar party will split after the elections, regardless of how it does, because the “decent people left in it” will want to join the reformist opposition parties to form a government of national unity, former Golkar sec-retary-general Sarwono Kusumaatmadja predicted on Tuesday in an
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      • 83 11 THE opposition Indonesian Democratic Party-Perjuangan (PDI-Struggle) of Ms Megawati Sukarnoputri won me lion’s share of votes from expatriate Indonesians in Singapore, local TV reported on Tuesday. The PDI-P garnered 12,649 votes or 55 per cent of the 22,870 votes cast during Monday’s special balloting
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      • 101 11 WASHINGTON The International Monetary Fund approved a US$45O million (***** million) loan instalment for Indonesia, hours after the polls closed in the nation’s first multi-party’ election in more than 40 years. The IMF executive board’s consent, meant to send a signal to investors that a change
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      • 85 11 JAKARTA On the eve of his 78th birthday, former President Suharto yesterday became one of the first Indonesians to cast a vote in a democratic election which was never allowed under his 32-year autocratic rule. He held only stage-managed elections, which he dubbed “festivals
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      • 72 11 JAKARTA Indonesia yesterday agreed to hire a foreign private investigation firm to track suspected laundered graft money overseas, including any belonging to former President Suharto, Justice Minister and State Secretary’ Muladi said. He said the investigators would be put not only on the trail
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  • COMMENTARY
    • 605 12 TUESDAY JUNE 8,1999 IT MUST appear sometimes that the more North Korea makes mischief, the more it gets rewarded. In August last year, it tested missiles that zoomed just shy of the Japanese coast. Submarine incursions into Southern waters to land or retrieve agents are routine. A
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    • 571 12 THURSDAY JUNE 10,1999 THE orderly and vi-olence-free conduct of Indonesia's General Election on Monday has disproved fears that the populous and sprawling archipelago might not pass the first test on its road to democracy. The absence of a breakdown in law and order during polling seems
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    • 851 12  -  'h. DOMINIC NATHAN IT MUST seem like a conspiracy cooked up by the National Healthy Lifestyle Campaign committee to convert us to vegetarians. Just when you thought it was safe to eat pork, a new food scare has hit Singapore. Instead of the Nipah virus clearing out
      I l i)\\ K. M in  -  851 words
    • 891 13  -  MY VIEW TAN lISLF.H YIN WHEN the Housing Board unveiled yet another scheme to help low-in-come families own their homes, the cynics started speculating about the motives behind the move. Oh. they said. HDB must have bought too many three-room flats from
      I.I'DWIG 11.10  -  891 words
    • 1052 13  -  SECOND LAST WORD dll'A LEE HOONG SHOULD there be a by-election in Jalan Besar GRC, now that one of the four People’s Action Party MPs there has pleaded guilty and been jailed for abetting his sister’s common-law-hus-band to cheat a bank into giving a
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  • INSIGHT
    • 1641 14 A country needs national heroes, said the Prime Minister recently, and some of the first generation Headers will be accorded that status. But who decides who should be a national hero? What criteria ought to be applied? ZURAIDAH IBRAHIM reports. ABRAHAM Lincoln
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    • 1289 15  -  THINKING ALOUD WARREN FERNANDEZ TWO Sundays ago, with just over 200 days to go to the new- century, Singapore launched its millennial celebrations with a giant sand castle-making contest. The event came as a refreshing change from the endless stories on the dreaded Y2K hug that
      MU I ROSAI.ES  -  1,289 words
    • 843 15  -  LAST WEEK IN POLITICS H,j CHLA LEE HOONC IT MUST be the rare Clob investor indeed who is not confused by the array of offers being made for his shares. Stuck in deep freeze since last September. his prospect of a thaw seems to
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  • MONEY
    • 355 16 STOCKS rose strongly throughout the week, buoyed by the surprisingly smooth election polls in Indonesia, a fall in rates and Japan’s surprisingly good first-quarter gross domestic product growth. After rising b'8.07 points on Monday and Tuesday, the blue-chip Straits Times Index breached the psychological
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    • 85 16 Straits Times Index The Straits Timas Index rose 111.76 points for tlw week to 2,067.17 DAY CLOSE TURNOVER Monday 1,955 41 (*27.04) 728.3 ($929 m) Tuesday 1,996.44 (*41.03) 1,132 ($1,285 m) Wednesday 2,006.54 10.10) 1,413 ($1,232.4 m) Thursday 2,030.00 (+23.46) 1,477.5 ($1,437.1 m) Friday 2,***** 37.17) 1,343.2
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    • 1869 16 Company Data ann Net earn TV IY <$m) ($m) EPS TY LY (cts) (cts) Apollo Ent Mar 26 P 7.010L 1.9971 4.51 1.31 AsiaFood Mar 29 P 140.927 45.157 4.85 185 Alliance Mar 30 P 17.251 30.9981 211 381 Avimo Mav 13 1 8.998 7.285 8.54 6.94 Aztacn
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    • 180 16 bonus issue ExBoohs ACC Company Ratio date dose Peymt BBR one-for-one May 20 May 27 Jun 15 Serial Sys one-for-three Apr 30 Miy 7 NA Cnq Kong one-for-two May 25 Jun 1 NA RIGHTS ISSue ExBooks ACC Company Ratio date dose Paymt others ExBoohs Acc Company Ratio date
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    • 58 16 Company Description Excel Proposed Renounceable Rights Issue Of 70,000,000 new Ord Shares of SS0.20 each in the Capital of the Co with 52,500,000 Warrants.Each Warrants carrying the Rights to subscribe for one New Ord at SS0.20 for each rights share on the basis of Four Rights Shares with
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    • 153 16 Company Placa Date Time Honq Fok t 300 Baacn Rd «41-00 Tha Concourse *****5) Jun 30 11.30am Kon Brothers Oxford Hotel 218 Queen s Street S pore *****9) Jun 30 4.30pm G&W E Oxford Hotel 218 Oueen Street S'pore (*****9) Jun 30 2.00pm SM Summit E 45 Ubi
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    • 1035 16 Payment (cts Ex date Books close Pay date Apollo F 0.5 Jun 30 Jul 7 Jul 20 AV Jennings A25c F A3.25 Jun 28 Jul 5 Jul 16 ACE Dynamics 20c F 0.05 Jun 14 Jun 21 Jul 2 Acer 50c F 2 5TE Jun 24 Jull Jul
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    • 1323 17 June 12,***** Managers' prices (S$) UNIT TRUSTS Aberdeen Asset Mgt Asm Ltd Keppel Orientrust Fdl” 0.881 0926 Aberdeen S'poreCr Fd 1.632 1.715 Morgan Grenfell (Asm) Limited Aberdeen Select Portfolio MG Premier Select T/& 0.92 0.97 American Opport Fd 1.068 1.122 MG Asia Premier T!** 1.14 1.19 Continental
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    • 609 17  -  Earnings higher than expected; full impact of IDD rate cuts will be felt this year, chairman warns Reports hi/ TAMMYTAN SINGAPORE Telecom (SingTel) yesterday posted a better-than-expected 3.7 per cent jump in full-year net profit to $1..9d billion, but warned that recent IDD
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    • 390 17 MOVE EXPECTED TO COST 52.28 SINGAPORE Telecom plans to buy back up to 5 per cent of its total issued share capital of 15 billion shares, a move that will affect the largest number of shareholders here in history. The move, analysts say, is expected to cost
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    • 4719 18 Transaction date: June H, ***** MULTI INDUSTRY 52-Wh High Low Company Curr Last Tradad Sala ♦or* Vol 000 Day High Low Gr'* Dlv °/o Nat M Cap P/E $mil Wt Avg Prlca '47 17.5 m 6 Acma 50c i43 ca ynch 1316 146 142 10 11.7 236.6
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    • 1075 19 52-Wk High Low Curr Last Company Traded Salt ♦pr* Vol '000 Day High Lew Gr's Dlv Net P/E M Cap $mll Wt Avg Price MANUFACTURING 148 30 C AS Auto 10c 138 ♦8 ***** 148 130 15 N 13 157.6 127 110 45 c ASJ Hidqs 20c 98 ♦1
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    • 1619 19 BONDS, LOANS WARRANTS Transaction date: June 11,***** 52-Wh High Low Company Last Sal* ♦or* Vol '000 Oay High Low Last Quota Buyar Sellar Wt Avg Prica 98 5 3 s "AcerW*****1US$ 81 unch 608 84.5 78.5 81 82.5 57.5 4.5 s Acma W*****4 53 ♦1.5 1350 54 51 52.5 53
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    • 146 19 (9am, June 11) Buying OD Selling Singapore dollars to one unit of foreign currency Australian dollar 1.1250 1.1490 Canadian dollar 1.1600 1.1840 NZ dollar 0.9140 0.9330 Sterling pound 2.7370 2.7660 US dollar 1.7090 1.7200 Singapore dollars to 100 units of foreign currency Austrian schilling 12.90 13.20 Belgian franc 4.410
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    • 664 20  -  SM tells CNN why the Republic W will leave it to the Chinese to complete the rest of the project LOH 111 I YIN HONGKONG CORRKSPONDFVr SINGAPORE is unhappy that the Chinese government has not kept its promise to give the Suzhou Industrial
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    • 697 20  -  CREDIT CARDS NGWF.IJOO YOUR fears are groundless. That is the message from banks to consumers worried that they will have to pay all unauthorised charges on lost or stolen credit cards even if they report them missing. Moving to reassure cardholders, five banks
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    • 349 20  -  fh. JEAN CHI A LISTED Fraser and Neave (F&N) will no longer bottle Co-ca-Cola (Coke) in South-east Asia and West Asia, with the sale of its 75 per cent stake in F&N Coca Cola (FNCC) for U *****.3 million (5.5465.1 million). F&N’s sale
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  • Page 21 Advertisements
    • 859 21 The Straits Times Weekly Edition APPOINTMENTS r esplanade THEATRES ON THE BAY 'v Setting the Stage for the Arts I Esplanade Theatres on the Bay will be Singapore's premier international performing arts centre. When it opens in 2002, it will i have world-class venues to nost the best Asian and
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  • Page 22 Advertisements
    • 870 22 /A Help Us Manage Singapore’s Financial Resources >7 With Government's revenue and expenditure running into billions of dollars, we, the accountants in the Accounting Service, are acutely aware of the importance of our responsibilities. Ensuring the integrity of Government's accounting and financial systems, and gearing them to furnish timely and
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  • FORUM
    • 594 23 TREAD with interest tne article, “ENV trying to keep the noise down" (ST, May 28). It referred to a study bv the Environment Ministry on ways to reduce the noise levels at various locations, including houses near MKT tracks and expressways. What about the noise that engulfs
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    • 244 23 Sept 16 that other key date OUR post-1959 generation was well reminded of that significant day 40 years ago w'hen Singapore gained self-government in the editorial. “A sensation of freedom" (ST, June 3). Ix\ss well-known, however, is that other day Aug 31, 1963 when Singapore proclaimed itself to be an
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    • 102 23 MR ANTHONYAng* See Chien (ST. May 26) suggested that the Government consider electronic voting on the Internet in future elections. The Elections Department has been studying this for some time. Some difficulties remain, including foolproof identification of voters, secrecy of the ballot and audit in
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    • 107 23 Don’t raise age for withdraw al IT MAKES my blood boil each time I hear people suggesting that the Central Provident Fund withdrawal age be raised to peg it to the prevailing retirement age of 62, or even to 67. To those who make such suggestions, l ask: how many
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    • 490 23 I AM a pharmacist and a mother of a month-old babv, I hold the view that the sudden ban on infant formula from Europe for babies from birth to six months was unnecessary, especially since no warnings were issued beforehand. Judging from the
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  • 240 24 DRIVING through the new Woodlands checkpoint was a breeze, said bus drivers, who were the first to try it out on Monday. At the new facility, there are separate levels for different types of vehicles and more space, so waiting times are
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  • 477 24  -  Imperial College, Princeton are among institutions which are running exchange partnerships and holding joint-degree courses feports hi) SANDRA DAVIE TOP universities from around the world have tied up with the National University of Singapore in the last two years to run student exchange programmes
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  • 446 24 THE Singapore Management University (SMU) will start running business degree courses from next year with an of only 300 students, instead of its initial plan to have 1,000 students. But the university, which has tied up with the prestigious Wharton School of the
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