The Straits Times : Weekly Overseas Edition, 19 June 1999

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Total Pages: 24
1 24 The Straits Times : Weekly Overseas Edition
  • 19 1 The Straits Times Weekly Edition Saturday June 19.1999 Price: S.s 1.20 (in Singapore) Elsewhere by subscription only MITA (K&)
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  • 605 1  -  It will he unveiled at year-end by a newly-elected President at start of new Parliament, says BG Lee »!L IRENE NG A NEW government agenda to take the country into the next millennium will he unveiled bv a newly-elected President by the year’s end. The
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  • 73 1 collapses: Seven construction workers were hurt when the tiled roof of a multi-purpose hall in an uncompleted school in Sengkang collapsed suddenly on Tuesday morning. They w ere in the hall of the three storey high Compassville Primary' at Sengkang when the incident occurred. Preliminary
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  • Page 1 Advertisements
    • 64 1 I’ K I M K Tuition May Be No Help A study by National University of Singapore student Roland ('lieo for bis master’s thesis shows students’ grades dropped with tution. page 3 Home $300,000 Cheque Stuck In Mail The cheque is one of6oo to 700, for sums totalling about $700,000,
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    • 2 1 „*****6,|L8LZ89„ 8
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  • PRIME NEWS
    • 627 2  -  Retrenchments are down sharply in first three months this year, but it is too early to celebrate, cautions the ministry’s report Hu AHMAD OSMAN THE job market is picking up, with retrenchments down and more jobs going around, according to a labour market report on the first
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    • 480 2  -  BRENDAN PEREIRA IN kl U.ALIMITR PRIME Minister Dr Mahathir Mohamad sprang a surprise at yesterday’s Umno general assembly opening. Instead of announcing the keenly-awaited election date or new political appointments, the veteran leader delivered a stinging attack on his former deputy, Anwar Ibrahim,
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    • 327 2 —The Jakarta Post/ Asia karta Post/Asia News Network, AFP JAKARTA President 8.. J. Habibie bowed to public pressure yesterday, appointing a civilian lawyer to replace Attor-ney-General Andi Ghalib, who is facing a corruption probe, the Antara news agency said. Deputy Attorney-General Ismudjoko was named
      —The Jakarta Post/ Asia; karta Post/Asia News Network, AFP  -  327 words
    • 117 3 WHAT HELPS Home sweet home: Students who spend more time at home and find that environment comfortable, relaxing and conducive to studying do better. Mothers who inspire: Students who describe their mothers as “very encouraging” score
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    • 471 3  -  A study by NUS master’s student shows scores drop with longer time spent on private tuition SANDRA DAVIE TUITION may lower a student’s grades instead of raising them, according to a study done at the National University of Singapore. It found that among students of
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    • 455 3  -  Oil IRENE NG THE Government is likely to review the pay formula later this year, said Deputy Prime Minister Ix-c Hsien Loong in an interview. The aim: to reduce the twoyear time lag between changes in private sector pay and government officials’ salaries. He
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    • 262 3 BANKS and financial institutions here have passed a major global test involving the safe transfer of funds across the world in the Year 2000. The test, to see if the Y2K bug would affect national and international payments systems and networks, was initiated by
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  • HOME
    • 516 4  -  Scores of people helped to make the three-day Rotary International meet a success *L EVELYN YAP A MAD rush by Rotary International convention delegates at their final-night carnival nearly spoilt the three-day event. After the serious business of meetings and the closing ceremony. 2.700 delegates
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    • 419 4  -  SALMA KIIALIR ROTTING teeth could soon be a thing of the past with a new laser treatment, said to have a 98 per cent chance of preventing tooth decay. A National University of Singapore assistant professor has devised a treatment that makes
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    • 444 4 RETAILER FJ Benjamin has scored an exclusive deal with football champions Manchester United to sell club merchandise and set up a chain of theme stores and cafes across soccer-crazy South-east Asia. The deal, which FJ Benjamin inked on Wednesday, is for 10 years with an
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    • 326 5  -  «1 KOII BOON PIN SEVENTY-five children from the People’s Association’s kindergartens made their bows at Suntec City on Wednesday. They were performing on the last day of the Rotary International Convention. The show marked the last of the regular PA concerts. The association
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    • 131 5 SOME food products made in France and Ireland have been given the green light here. Gain, a milk food made in Ireland, and food products made in France after June 4 this year have satisfied the requirements of the Primary Production Department (PPD) and the Ministry of the
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    • 403 5  -  Only one bag to be allowed on planes leaving from Changi, with limit on its weight and size H'l KENNETH MM STAR TING July 1. passengers leaving from Changi airport, transit passengers included, may take only one piece of car-ry-on baggage on the plane. The new rules
      Source AlRUNE OPERATORS' COMMITTEE Of SINGAPORE Credit: Cabin bag courtesy ol ZONE at GREAT WORLD CITY; CIIOO BEE YIAN' and EVELYN YAP Photo: ALAN LIM  -  403 words
    • 481 5  -  »!L M. NIRMALA A GROUP of Indian community leaders have formed a Tamil Language Movement to spearhead a campaign along the lines of the Speak Mandarin Campaign and Malay Language Month to persuade more Tam-il-speaking Singaporeans to use the language more widely. To
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    • 311 6 A 56-YEAR-OLD man was found dead in a budget hotel in Geylang on Sunday afternoon. police said on Monday. Mr Koh Yee Ser, who had a history of heart problems, was naked when his body was found. This was less than two hours
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    • 411 6  -  CIII A LEE lIOONC SEOUL Prime Minister Goh Chok Tong has decided that there will be no by-elec-tion in Jalan Besar GRC. His primary reason, he told reporters at a press conference here, was that he did not want Singaporeans to be distracted from economic
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    • 540 6  -  Nine firms get together to save costs by sharing resources and expertise to prepare for competition from foreign lawyers '±L LIM SENG JIN PUT Khoo Aeria Partners, Tan Sei Bee Co, Haridas V., P. K. Ng Partners and Janet Wee Co together and vou get Raffles. This
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    • 399 6  -  l±L TAN 00l BOON A WELL-KNOWN architectural firm was ordered to pay more than $1 million as compensation after it was found to be responsible for a design “flaw" in an F)ast Coast condominium. RSP Architects Planners Engineers would have to compensate the management corporation
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    • 562 7  -  Project’s success in past year means 130 may be formed over next three years to cover private condos ana landed properties PAULINE LEONG NEIGHBOURHOOD committees have done so well in private housing estates in the past year that 130 more may he set up over the
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    • 468 7 BELIEVE it or not, Singapore has a shot at winning the World Cup. But if it does, instead of the Kallang roar, fans are more likely to be singing "Dnnio arigrt/o,Mr Roboto’. Yes, the World Cup is around the corner at least for robot
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    • 315 7 SINGAPOREANS who have lost their money and credit cards while travelling abroad can walk into a Singapore embassy or consulate and expect help. Officers will call the Singaporeans’ relatives or friends to send emergency funds. But do not expect the officers to offer money on
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    • 522 8  -  Hundreds of cheques do not reach their intended recipients due to mistakes made by senders «7 SITI ANDRIAME ABOUT 600 to 700 cheques, for sums totalling about $700,000, get stuck in the postal system even month because of senders' mistakes. In the first four months
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  • Page 8 Miscellaneous
    • 1062 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
    • 606 9  -  He is not the player I need for my system. I want a defender as well as attacker, says national coach WHY SUNDRAMOORTHY WAS NOT SELECTED Oil S. Ml KALI IT IS final. Former national player V. Sundramoorthy is out of the South-east Asia Games squad.
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    • 414 9  -  TABLE TENNIS 'h_ CHAN TSECHUEEN TABLE TENNIS will soon have a new home. The Singapore Table Tennis Association’s premises in Toa Payoh is getting a face-lift which cost $1.7 million. The money, which came mainly from the Singapore Sports Council ($1 million) and sponsor
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    • 242 9  -  GOI.F %TAYCHENG KHOON THIS year’s Singapore Open golf championship will take on a fresh look: with a new sponsor, date, venue and purse. Nokia has come to the rescue of the blue-riband event of local golf which moves from its usual August date to Oct 21-24.
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  • MALAYSIA
    • 361 10  -  Btj BRENDAN PEREIRA IN kl \1 V I I'M PUR FORMER Finance Minister Tcngku Razaleigh Hamzah is on the verge of returning to Umno politics soon. The Straits Times understands that party president. Datuk Seri Dr Mahathir Mohamad, has sent feelers to the Kelantan prince
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    • 63 10 *****1N6 ON 142: Mr Omar Abas, 141, (centre), lias been given an award bv the Health Ministry for being the country’s oldest living person. The centenarian, who claims he was bom on Sept 26, 1857, is with his son EmbongOmar (left), 7.3, and Health Minister Chuajui
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    • 379 10  -  Dr Mahathir has called for council meetings of the National Front, Umno. Past polls were announced after such meetings B'l BRENDAN PEREIRA IN KUALA I.UMPUR MALAYSIA’S general election could be held even earlier than the August-September time frame predicted by political analysts and politicians. Umno sources
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    • 220 10  -  «V DOUGLAS WONG IN KUALA LUMPUR STATE prosecutors won their first few skirmishes in the latest Anwar Ibrahim trial on Wednesday, as the High Court rejected applications for sodomy charges to be dismissed and for a postponement and then a stay of the case.
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    • 323 10 jrine tested. —The Star/Asia News Network /Asia News Network MENTAKAB “Where are vour children now?" This message will hit parents nightly over TV as part of the government's attempts to get them to help keep their children away from drugs and fights, an
      jrine tested. —The Star/Asia News Network; /Asia News Network  -  323 words

  • SOUTH-EAST ASIA
    • 655 11  -  The opposition leader is target of intense attacks from Islamic groups who want male president MARIANNE KEARNEY IVI \k \RT.\ ELECTION front-run nor Megawati Sukarnoputri's presidential bid could be challenged by Islamic parties, several of which have announced that they will only support a male Muslim for
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    • 347 11  -  EDWARD TANG THAILAND CORRESPONDENT BANGKOK Thai Prime Minister Chuan Leekpai is expeeted to reshuffle his Cabinet for a second time since he took office 20 months ago, when the country’s economy was at its lowest ebb. Analysts said this could be the final change
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    • 297 11 AFP, The Manila Times/ ,a Times/ Asia News Network MANILA The Philippines said yesterday that it was investigating reports that two atolls in the disputed Spratlys chain had been occupied by Malaysia, and was checking whether they were part of Manila’s claims. Presidential
      AFP,; The Manila Times/; ,a Times/ Asia News Network  -  297 words

  • COMMENTARY
    • 609 12 THURSDAY June 17,1999 TEN days after the ground-breaking elections on June 7. Indonesians are still counting the votes, very slowly and carefully, to ensure that all is free and fair. Very well then, make haste slowly, because the people will not tolerate anything like the rigged ballots
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    • 612 12 FRIDAY June 18,1999 THE tinu’ has come to end the acrimonious dispute over who should be the next director-gen-eral of the World Trade Organisation (WTO). Now that it is clear the two candidates Thailand's Deputy Premier Supachai Panichpakdi and New Zealand's former prime minister Mike Moore and
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    • 850 12  -  'hi SI \VI con IT DOESN'T feel good to have the Taiwanese media sniggering at China and Singapore over the inability of the two partners to resolve their differences over the Suzhou Industrial Park project (above). The influential Chincselanguagc United Daily News, in particular,
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    • 989 13  -  MY VIEW i>, i C HI A Mill HOONG SO CHINESE students speak Mandarin to their classmates in school, not English. Big deal. That would sum up the response of one group of readers to a survey done by The Straits Times,
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    • 679 13  -  SECOND LAST WORD 1 KONG AH SENG A READER wrote to The Straits Times last week lamenting the impersonal, and ineffectual, service he received from an answering machine when he sought information about a loan. Like him, many of us would have encountered that robotic
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  • INSIGHT
    • 1615 14 Ofthe five millennial ideals unveiled recently, active citizenship received the lowest rating from Singapore 21 committee chief Teo Chee Mean. Why are people not doing more for their community What can be done about it? JOANNE LEE reports TARE two citizens: one who plays
      NOI I WON \l I S  -  1,615 words
    • 1000 15  -  THINKING ALOUD a,, ASAD LATH I SEE you sitting on that bench between a block of flats and the next. You are a senior citizen, very much in the public eve in this, the United Nations' International Year of Older Persons. You are looking
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    • 1025 15  -  LAST WEEK IN POLITICS B'l CHIA LEEHOONG I AST Monday morning, I ferried the two Indonesian maids in my extended family to the Indonesian Embassy in Chatsworth Avenue to vote. It was outing time for them: togged up in their holiday best, they
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  • MONEY
    • 364 16 RETAIL investors helped market activity to remain on the hoil as daily trading volume averaged more than a billion shares valued at an average $1.2 billion. Despite the absence of large institutional investors, the benchmark Straits Times Index still managed to break new
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    • 1870 16 Company Oate ann Net earn TY LY <$m) (Sml EPS TY LY (cts) (cts) AsiaPac Brew Jun It 1 28.597 37.235 11.3 14.7 AsiaFood Mar 29 P 140.927 45.157 4.85 185 Alliance Mar 30 P 17.25L 30.998 L 21L 381 Avimo May 13 1 8.998 7.285 8 54
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    • 166 16 BONUS ISSUE Company Ratio Exdate Boohs close Acc Paymt RIGHTS ISSUE Company Ratio Exdate Books close ACC Paymt Eicel Four Rights Shafts at 20c tach with three free Wrts for every ten existing shares held Jun 17 Jun 24 NA OTHERS Company Ratio Exdate Books close Acc Paymt
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    • 74 16 Straits Times Index The Straits Times Index dropped 3.5points on the week to 2,070.6. DAY CLOSE TURNOVER Monday 2,058.4 8.79) 1.1b ($939.60m) Tuesday 2.046.8 11.55) 2.0b ($1.4b) Wednesday 2,043.8 (-3.03) 1.0b <$968.80m) Thursday 2,057.3 (*13.54) 1.3b ($1.2b) Friday 2,070.6 (*13.29) 1.7b ($1.4b) BT-SRI Index The BT-SRI Index
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    • 1045 16 Payment (Ctl) Ex date Books close Pay date Apollo F 0.5 Jun 30 Jul 7 Jul 20 AV Jennings A25c F A3.25 Jun 28 Jul S Jul 16 ACE Dynamics 20c F 0.05 Jun 14 Jun 21 Jul 2 Acer 50c F 2.5TE Jun 24 Jul 1 Jul
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    • 40 16 Company Otscription Permasteel Extraordinary General Meeting on 9 July 99, 10.00am at 17 Tuas Avenue 3 S'pore (*****4) UOL Extraordinary General Meeting on 2 July 99.11.00am at UOB Penthouse, 61st Storey, UOB Plaza 1 80 Raffles Place. S'pore(*****4)
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    • 144 16 Company Place Date Time IMM E 2 Jurong East St 21 Sakura Room Level S IMM Bldg S'pore (*****1) Jul 2 4.30pm Acma A 17 Jurong Port Rd The Concourse (*****2) Jun 30 3.30pm Natsteel Electronics E 12 Kailanq Way S'pore (*****6) Jun 29 10.00am Twinwood A 10
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    • 1315 17 UNIT TRUSTS FUNDS June 19,***** Managers' prices (S$) UNIT TRUSTS Morgan Grenfell (Asia) Limited 0.99 Aberdeen S'pore Gr Fd 1.692 1.778 MG Premier Select T/& 0.94 MG Asia Premier T!** 1.17 1.23 Aberdeen Select Portfolio MG Premier Asian Bd Fd** 9.08 9.36 American Opport Fd 1.068 1.122 MG Lion Bond
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    • 492 17 KL 's air-cargo operators move freight to Singapore PETALING JAYA Seeing no end to problems at KL International Airport’s (Klia) Advanced Cargo Centre, airfreight forwarders are now moving goods in and out of the country through Singapore. Many companies have diverted their air cargo to Singapore as the service at
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    • 540 17  -  First-quarter figures are down 42 per cent from 1996 peaks, but some analysts expect them to recover by end of this year «I/ By KALPANA RASHIWALA PRIVATE home rentals in the first quarter of this year have fallen 42.1 per cent from their peaks in the first
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    • 4651 18 Transaction date: June 18,1999 MULTI INDUSTRY 52-Wh Hiqh Low Company Curr Last Traded Sale ♦orVol 000 Oay Hiqh Low Gr's Div% Net M Cap P/E $mil Wt Avq Price 163 17,5 m o Acma 50c 155 cd unch 1345 159 152 10 12.7 256.4 154 67 25
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    • 1127 19 52-WK High Low Curr Last Company Traded Sale ♦orVol 000 Day High Low Cr's Dlv Net P/E M Cap Wt Avg $mll Price MANUFACTURING 148 30 C AS Auto 10c 135 2 1090 139 132 15 N 12.7 154.1 135 110 45 c ASJ Hidgs 20c 94 ♦1 12
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    • 1603 19 BONDS, LOANS WARRANTS Transaction date: June 18,1999 1 I 52-Wh High Low Company Last Sale ♦or* vol 000 Day High Low Last Ouota Buyer Seller Wt Avg Prlca 98 5 3 s 'Acer W*****1USS 84 •35 789 88 82 84 85 69 4 5 s Acma W*****4 65.5 unch 1027
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    • 151 19 (9am, June 18) Buying OD Selling Singapore dollars to one unit of foreign currency Australian d0H«r 1.1080 1.1240 Can«d>andonar 1.1520 1.1770 NZ dollar 0 8980 0.9170 Sterling pound 2.6980 2.7260 US dollar 1.6970 1.7090 Singapore dollars to 100 units of foreign currency Austrian schilling 12.65 1292 4.310 4.410 Chinese
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    • 681 20  -  BG Lee says good management and technology make them right candidates for a nucleus «V LOII 111 I YIN IN lIONCKONG THE Singapore Government wants to groom a core group of strong technology companies from among its stable of gov-ernment-linked companies to
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    • 324 20  -  BANK SHARES Hu AMY BALAN THE other three Big Four banks on Tuesday unveiled widely divergent schemes to unify their foreign and local tranche shares, reflecting the deep divide among them on the vexing issue of compensation for foreign shareholders. All three OCBC Bank, Overseas Union
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    • 63 20 NEW S2SM COLUMBARIUM Singapore’s biggest columbarium will be able to house a mere 70,000 urns, but the sprawling Choa Chu Kang project will have a temple, two prayer balls and parking facilities. All the urns put in it will be visible, The two-storey complex costing $25 million
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    • 271 20  -  Hi/ KALPAVA RASHIHALA MR ROBERT Kuok is grouping his Asian hotel business under his Hongkong-listed Shangri-La Asia (SA) which yyill see it making billion-dol-lar general offers for three Shangri-La companies. The share sxvap and cash offers to these listed companies in Singapore, Malaysia and Thailand will
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    • 228 20 AS WIDELY expected, only a tiny fraction of Glob investors accepted the cash offer for their shares from Effective Capital, the vehicle of businessman Akbar Khan, when it closed on Tuesday. Just 359 out of the 172,000 account holders did so, according to a statement
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  • Page 21 Advertisements
    • 1059 21 The Straits Times Weekly Edition APPOINTMENTS Exciting and Challenging Career Opportunities Lernout Hauspie Asia Pacific, Singapore HQ Lernout and Hauspie Asia Pacific is a newly formed division of Lernout and Hauspie. a US listed multinational company with headquarters in Belgium and the global leader in the development of speech and
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  • Page 22 Advertisements
    • 936 22 MINISTRY OF THE ENVIRONMENT Join ENV in the auest to Drotect our environment. Our mission is for Singaporeans to enjoy a clean living environment and a high standard of environmental public health, protected against the spread of communicable diseases. You'll also be contributing to the protection of the global environment.
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  • FORUM
    • 344 23 THE letter bv the Environment Ministry and Primary' Production Department acknowledges that each episode in food safety and public health provides “learning opportunities". They assure the public they will continue to “improve" and remain “ever alert and vigilant" in acting “promptly" to protect publicinterests. While
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    • 322 23 I REFER to Prof Lawrence Krause’s comment in the report, "Singapore's potential lies in business and finance” (ST. June 10), that we should move towards being a business and financial centre at the expense of manufacturing. Not being an economist, 1 cannot comment
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    • 214 23 I REFER to the report, “Just another day at the Post Office” (ST. June 13). and have the following grouses to air. Today’s highly efficient and mechanised operations seem to have given rise to an almost religious trust of computer systems and the
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    • 481 23 WE REFER to the report “Food safetycontrol; Too many ‘cooks’ in charge?" (ST Weekly, June 12). We would like to assure the writer and your readers that there has always been a close working relationship between the Primary Production Department and the Food Control
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    • 165 23 I REFER to the letter "Western media can be trusted on Kosovo crisis" by Mr John Bannister (ST. June 12). It is a proper example of what a biased media can do to the audience. After Mr Kalinga Seneviratne gave us an expert’s view on the
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  • 704 24  -  It says the 3 V 2 -hour disruption was triggered by an incomplete shutdown of a back-up system fh. DENNIS CHAN IN A move clearly aimed at reassuring the local and international financial community that it was on top of the problem. the Stock Exchange of
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  • 286 24  -  By MARY KWANG CHINA COKRESPONDENT BEIJING The Stock Exchange of Singapore on Monday unveiled proposals for more liberal criteria for companies seeking a listing on the mainboard in a move to pro- mote Singapore’s capital markets. Mr Teng Cheong Kwee, SES executive vice-president, said the
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  • 456 24  -  By CHIA LEE HOONG 1\ SEOUL SEOUL World, here come two Asian dragons, together. Prime Minister Goh Chok Tong announced on Wednesday that Singapore and South Korea were looking into twinning their economies to complement and strengthen each other and for joint investment forays
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