The Straits Times : Weekly Overseas Edition, 12 June 1999
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1999-06-12
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The Straits Times : Weekly Overseas Edition
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Title Section20 1999-06-12 1 The Straits Times Weekly Edition Saturday June 12.1999 Price: S$ 1.20 (in Singapore) Elsewhere by subscription only MITA (P) 080/08/9820 words
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560 1999-06-12 1 DENNIS CH AN - 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 on560 words
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Article, Illustration82 1999-06-12 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 scare82 words
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Page 1 Advertisements
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Advertisement69 1999-06-12 1 M N K V SM Draws The Line znou Singapore will finish a portion ol the industrial park and leave China to complete 4 the rest. SM Lee voices his unhappiness with the project. page 20 S I’O II T S Bowling's Youngsters Blossom Lim /hong is just 17, hut69 words
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PRIME NEWS
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Article, Illustration398 1999-06-12 2 SUSAN SIM - 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 half398 words
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426 1999-06-12 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 able426 words
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544 1999-06-12 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 in544 words
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Article, Illustration645 1999-06-12 3 ELENA CHONG - 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 a645 words
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Article441 1999-06-12 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 a441 words
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Article, Illustration719 1999-06-12 3 CHANG AI-LIEN - »!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 food719 words
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HOME
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Article, Illustration529 1999-06-12 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 Mahtani529 words
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Article590 1999-06-12 4 AHMAD OSMAN - 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 Wages590 words
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Article315 1999-06-12 4 FEIJA SOU - 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 to315 words
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Article, Illustration552 1999-06-12 5 M. NIRMALA; mu! EUNICE LAU - 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. The552 words
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Article371 1999-06-12 5 SANDRA DAVIE - «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 schools371 words
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Article, Illustration273 1999-06-12 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 at273 words
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Article, Illustration971 1999-06-12 6 Sill ANDRIANIE - 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 a971 words
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545 1999-06-12 6 NATALIE SOU - 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 pig545 words
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254 1999-06-12 6 SHARON VASOO - *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 that254 words
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Article, Illustration345 1999-06-12 7 AHMAD OSMAN - 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 Hick345 words
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Article, Illustration658 1999-06-12 7 DOMINIC: NATHAN - 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.658 words
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Article, Illustration606 1999-06-12 7 lii, SAMANTHA SANTA M ARIA - «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 companiesJOSI KNKIQCK SORIANO - 606 words
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Article, Illustration486 1999-06-12 8 IRAIDAH IBRAHIM - 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 past486 words
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Article183 1999-06-12 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 who183 words
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Page 8 Miscellaneous
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Miscellaneous1061 1999-06-12 8 RADIO SINGAPORE INTERNATIONAL (ENGLISH) PROGRAMME SCHEDULES 1100 1400 Hours (GMT) 6015 KHz (49M BAND) 6150 KHz (49M BAND) MONDAY 1100 News 1109 Business Market Report 1115 Arts Arena 1130 News 1135 Wired Up 1145 Newsline 1200 News/Weather (AsiaPacific) 1210 E Z Beat 1230 Business Market Report 1235 The Written Word1,061 words
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SPORTS
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Article, Illustration683 1999-06-12 9 S. Ml RAM - 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
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Article, Illustration253 1999-06-12 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, coming253 words
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597 1999-06-12 9 GODFREY ROBERT - 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 Football597 words
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MALAYSIA
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Article, Illustration696 1999-06-12 10 BRENDAN PEREIRA - 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, saying696 words
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Article, Illustration283 1999-06-12 10 DOUGLAS WONG - 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
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329 1999-06-12 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 and329 words
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SOUTH-EAST ASIA
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Article, Illustration880 1999-06-12 11 St SAN SIM - 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 fuss880 words
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ROUND-UP
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Article79 1999-06-12 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 an79 words
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83 1999-06-12 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 balloting83 words
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Article101 1999-06-12 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 change101 words
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85 1999-06-12 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 “festivals85 words
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72 1999-06-12 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 trail72 words
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COMMENTARY
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Article605 1999-06-12 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. A605 words
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Article571 1999-06-12 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 seems571 words
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Article, Illustration851 1999-06-12 12 DOMINIC NATHAN - '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 outI l i)\\ K. M in - 851 words
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Article, Illustration891 1999-06-12 13 TAN lISLF.H YIN - 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 fromI.I'DWIG 11.10 - 891 words
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1052 1999-06-12 13 dll'A LEE HOONG - 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 a1,052 words
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INSIGHT
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Article, Illustration1641 1999-06-12 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 Lincoln1,641 words
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Article, Illustration1289 1999-06-12 15 WARREN FERNANDEZ - 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 thatMU I ROSAI.ES - 1,289 words
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843 1999-06-12 15 CHLA LEE HOONC - 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 to843 words
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MONEY
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355 1999-06-12 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 psychological355 words
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Article85 1999-06-12 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 ($1,437.1 m) Friday 2,***** 37.17) 1,343.285 words
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Article1869 1999-06-12 16 Company Data ann Net earn TV IY <$m) ($m) EPS TY LY (cts) (cts) Apollo Ent Mar 26 P 7.010L 1.9971 4.51 1.31 AsiaFood Mar 29 P 140.927 45.157 4.85 185 Alliance Mar 30 P 17.251 30.9981 211 381 Avimo Mav 13 1 8.998 7.285 8.54 6.94 Aztacn1,869 words
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Article180 1999-06-12 16 bonus issue ExBoohs ACC Company Ratio date dose Peymt BBR one-for-one May 20 May 27 Jun 15 Serial Sys one-for-three Apr 30 Miy 7 NA Cnq Kong one-for-two May 25 Jun 1 NA RIGHTS ISSue ExBooks ACC Company Ratio date dose Paymt others ExBoohs Acc Company Ratio date180 words
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Article58 1999-06-12 16 Company Description Excel Proposed Renounceable Rights Issue Of 70,000,000 new Ord Shares of SS0.20 each in the Capital of the Co with 52,500,000 Warrants.Each Warrants carrying the Rights to subscribe for one New Ord at SS0.20 for each rights share on the basis of Four Rights Shares with58 words
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Article153 1999-06-12 16 Company Placa Date Time Honq Fok t 300 Baacn Rd «41-00 Tha Concourse *****5) Jun 30 11.30am Kon Brothers Oxford Hotel 218 Queen s Street S pore *****9) Jun 30 4.30pm G&W E Oxford Hotel 218 Oueen Street S'pore (*****9) Jun 30 2.00pm SM Summit E 45 Ubi153 words
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Article1035 1999-06-12 16 Payment (cts Ex date Books close Pay date Apollo F 0.5 Jun 30 Jul 7 Jul 20 AV Jennings A25c F A3.25 Jun 28 Jul 5 Jul 16 ACE Dynamics 20c F 0.05 Jun 14 Jun 21 Jul 2 Acer 50c F 2 5TE Jun 24 Jull Jul1,035 words
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Article1323 1999-06-12 17 June 12,***** Managers' prices (S$) 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 Continental1,323 words
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Article, Illustration609 1999-06-12 17 TAMMYTAN - 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 IDDI-(70 MW HW I N Photo: JOVCF FANG - 609 words
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Article390 1999-06-12 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 cost390 words
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Article4719 1999-06-12 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 11.7 236.64,719 words
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Article1075 1999-06-12 19 52-Wk High Low Curr Last Company Traded Salt ♦pr* Vol '000 Day High Lew Gr's Dlv Net P/E M Cap $mll Wt Avg Price MANUFACTURING 148 30 C AS Auto 10c 138 ♦8 ***** 148 130 15 N 13 157.6 127 110 45 c ASJ Hidqs 20c 98 ♦11,075 words
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Article1619 1999-06-12 19 BONDS, LOANS WARRANTS Transaction date: June 11,***** 52-Wh High Low Company Last Sal* ♦or* Vol '000 Oay High Low Last Quota Buyar Sellar Wt Avg Prica 98 5 3 s "AcerW*****1US$ 81 unch 608 84.5 78.5 81 82.5 57.5 4.5 s Acma W*****4 53 ♦1.5 1350 54 51 52.5 531,619 words
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Article146 1999-06-12 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 4.410146 words
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664 1999-06-12 20 LOH 111 I YIN - 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 Industrial664 words
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Article, Illustration697 1999-06-12 20 NGWF. IJOO - 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 banks697 words
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349 1999-06-12 20 JEAN CHI A - 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 sale349 words
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Page 19 Advertisements
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Advertisement14 1999-06-12 19 Buy It. Sell It. Find It. Classified. m Call Today For Results Tomorrow. 1800-737-116614 words
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Page 21 Advertisements
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Advertisement859 1999-06-12 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 and859 words
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Page 22 Advertisements
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Advertisement870 1999-06-12 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 and870 words
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FORUM
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Article, Illustration594 1999-06-12 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 engulfsI l DM IC. II l() - 594 words
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Article244 1999-06-12 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 an244 words
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Article102 1999-06-12 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 in102 words
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Article107 1999-06-12 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 many107 words
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Article490 1999-06-12 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 the490 words
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Article, Illustration240 1999-06-12 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 are240 words
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Article477 1999-06-12 24 SANDRA DAVIE - 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 programmes477 words
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Article, Illustration446 1999-06-12 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 the446 words