The Straits Times : Weekly Overseas Edition, 26 June 1999
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1999-06-26
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The Straits Times : Weekly Overseas Edition
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Title Section21 1999-06-26 1 The Straits Times Weekly Edition Saturday June 2ft, 1999 Price: S.s 1.20 (in Singapore) Elsewhere by subscription only MITA (P) 080/08/9821 words
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Article, Illustration85 1999-06-26 1 THE GIRL WHO FELL TO EARTH: Report,, Chang Ai-Lien taking the leap of her life when she jumped from a helicopter hovering at 10,000 feet in the skv. She took the dive to write a report about the bird’s eve view that freefall parachutists\l.lil KT SIM - 85 words
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467 1999-06-26 1 EDMENDTEE - Govt will draw up a mastei*plan to turn information and communication technologies into the key sector of growth OIL EDMENDTEE SWEEPING changes are in store for the way Singapore and its people earn their livelihood in the new millennium, with information and communication467 words
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236 1999-06-26 1 THE ban on the imports of certain food products from five European countries was lifted yesterday. A variety of food products from Finland, Sweden, the Netherlands, Ireland and Britain are now considered safe, a joint statement from the Environment Ministry and Primary Production Department236 words
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Page 1 Advertisements
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Advertisement67 1999-06-26 1 I N NOV AT 1 O S I’ R T S The Piped Piper PcPiper, a home-grown product which is a cross between a cordless phone and an electronic organiser, is set to make an impact abroad, pages t j In-camp Training Singapore’s national team sets up camp in the67 words
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PRIME NEWS
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738 1999-06-26 2 DENNIS CHA - It proposes to exoand its share L JL t 1 1 option scheme, with as many as 1,000 of 3.000 employees becoming eligible tor tiie options Hi DENNIS CHA> SINGAPORE Press Holdings (SPH) is set to become the first listed company738 words
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501 1999-06-26 2 LEONG W ENG KAM - Hi LEONG W ENG KAM THE Chinese High School boardroom is once again a battleground, following a stormy annual general meeting on Wednesday night that added five new directors to the school board controversially after its chairman and deputy had walked out. Aptly, that501 words
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Article, Illustration504 1999-06-26 2 CHUA CHIN HON - By CHUA CHIN HON THE body might have decomposed. but all it took was one look for the parents of Mr Zhou Yang Cheng to know that it was their son who was fished out of a river in Yunnan last week. Mr Zhou, 21,504 words
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405 1999-06-26 3 THE press secretary to the Prime Minister, Mr Ong Keng Yong, has written to Business Times about its editorial last Friday which suggested that Malaysia was better off if it was led by a new team in the millennium. Responding to media queries on Sunday,405 words
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Article, Illustration350 1999-06-26 3 SINGAPORE is in Paris. Parisians are getting a touch of Singapore with colourful displays of orchids and banners along the Champs-Elvsees, the French capital's main shopping street. About 220 banners festoon the 3 km length of the ChampsElysees, from the Arc de Triomphe350 words
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400 1999-06-26 3 Teenage students, aged 18 and 15, are charged with hacking into a Television Corporation of Singapore Internet site TWO teenage students were charged on Thursday with hacking into a Television Corporation of Singapore (TCS) website. Edwin him Zhao Ming. 18, was accused400 words
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HOME
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516 1999-06-26 4 Hi/ NARFXDRA AGGARWAL - Non-oil exports grew 15.5%, due to improved global electronics demand and easing of Asian crisis Hi NARFXDRA AGGARWAL SINGAPORE’S non-oil domestic exports surged by a bracing 15.5 per cent last month, boosted by improved global electronics demand and the easing of the Asian economic516 words
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Article, Illustration698 1999-06-26 4 ELENA CHONG - TEENAGE TERROR Hi ELENA CHONG A 13-YEAR-old boy who extorted thousands of dollars from an older schoolmate was sent to the Singapore Boys’ Home for .lb months on Tuesday. It is the maximum sentence for juveniles under the Children and Young Persons Act. TheIllustration MIK I - 698 words
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Article386 1999-06-26 5 AIIMAI) OSMAN - liy AIIMAI) OSMAN THE labour market appears to be heading in the right direction in the next 12 to 24 months, according to a survey of about 2,000 companies just released by the Manpower Ministry. The firms surveyed in the first three months of386 words
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Article355 1999-06-26 5 EDMUND TEE - Guidelines on using the monthly variable component to cut costs quickly are being prepared l±L EDMUND TEE EMPLOYERS would be less hesitant about the proposal for a monthly variable component if they could refer to a working model, said labour chief Lim Boon Heng. Speaking355 words
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Article, Illustration242 1999-06-26 5 NEWLY-CROWNED Little Miss Singapore, Elizabeth Quek. 8. was all smiles, flying kisses and waves as the tiara was placed on her head. But backstage after the competition at Raffles City Atrium on Sunday, some of her rivals sobbed, moaned and wailed while their mothers triedPM mil S VLAN LIM - 242 words
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Article, Illustration87 1999-06-26 6 PRIME MOVER OVERTURNS, SPILLING BEAMS: A prime mover which was earning several heavy metal beams overturned at a junction in Ang Mo Kio on Monday afternoon, sending the beams crashing onto two cars. No one was hurt, hut one of the drivers had a narrowSHIN MIS - 87 words
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536 1999-06-26 6 GERALDINE YEO - Manpower Ministry urges employment agencies not to use demeaning words and phrases when placing advertisements !h. GERALDINE YEO EMPLOYMENT agencies have been told to watch their words when they place advertisements. The Manpower Ministry said that phrases such as “$1 maid" could be536 words
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542 1999-06-26 6 BRENDAN PEREIRA - BRENDAN PEREIRA I\ KUALA LUMPUR PRIME Minister Mahathir Mohamad last Saturday lashed out at a Singapore newspaper commentary on political succession in Malaysia and criticised the media in the Republic for having a “habit of passing nasty comments’' about the neighbouring country. He warned that542 words
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Article, Illustration155 1999-06-26 7 THE first census of plant and animal life has uncovered what could possibly be the largest and oldest tree in Singapore. This majestic jelutong tree, tucked deep in the central catchment nature reserve off Upper Thomson, is at least 400 years old. With itsCt'OKCK GASCON - 155 words
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472 1999-06-26 7 The recent uproar over the revitalisation of Chinatown was proof that Singaporeans still cared about their heritage MANY Chinese Singaporeans will learn more about the Chinese language and culture, because they want to get in on the opportunities available in China. They will do472 words
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418 1999-06-26 7 JASON LEOW - Oil JASON LEOW VISITORS to Pulau Übin, a popular adventure spot for Singaporeans, will soon receive a safety pamphlet which points out danger spots on the island and gives tips on what to do during emergencies. A map of the island will pinpoint exact418 words
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Article, Illustration435 1999-06-26 8 Hi, SAMANTHA SANTA MARIA - With a deal with Apple Computer and a launch in the US, it is set for success in the computer and telephony sectors Hi, SAMANTHA SANTA MARIA PCPIPER is a product on the brink of success. With a deal with Apple Computer and amsi smv» i \s<»i - 435 words
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Page 8 Miscellaneous
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Miscellaneous1061 1999-06-26 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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551 1999-06-26 9 SANTOKII SINGH - SOCCER 'IIL SANTOKII SINGH IT WAS a pre-South-east Asia Games lesson that national soccer coach Vincent Subramaniam wanted and that was what he got. The Under-23 boys of the Australian pre-Olympic team taught the men of Singapore well with a 5-0 drubbing at551 words
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Article, Illustration277 1999-06-26 9 CHANTSE GHLEEN - The national team starts its centralised training for South-east Asia Games in August TABLE TENNIS HijJ CHANTSE GHLEEN THEY will eat, sleep and breathe table tennis until after the Brunei South-east Asia Games in August. Singapore’s national team has set up campCHEW SEXC KIM - 277 words
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Article311 1999-06-26 9 BOWLING ALL five Singaporeans packed their bags after the first round of the Philippines Masters Cup. Jennifer Tan, Tan Yong Seng, Alice Tay, Jesmine Ho and Lim Zhong were all booted out of competition on Sunday in Manila. National coach Goran Bergendorff w atched311 words
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MALAYSIA
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534 1999-06-26 10 No plans to take on a senior minister role in government for Dr Mahathir, who will live in his own house after retirement RM22 billion. —AFP. The Star/Asia News Network. Bernama KUAI.A LUMPUR Malaysian Prime Minister Mahathir Mohamad said on Monday he hadRM22 billion. —AFP. The Star/Asia News Network.; Bernama - 534 words
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Article, Illustration345 1999-06-26 10 PAS". The Star/Asia News Network, Bernama KUALA LUMPUR Former Finance Minister Tengku Ra/.aleigh Hamzah has been appointed the State Umno liaison chairman for Kelantan a post marking his return to a high profile in the party which he rejoined in 1.9.9 b. Prime Minister DatukPAS". The Star/Asia News Network, Bernama; Ml’ - 345 words
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536 1999-06-26 10 DOUGLAS WONG - By DOUGLAS WONG I\ kl VI V Ll'MPl'R MALAYSIA’S economy has recovered, thanks to capital controls, and will grow by more than 2 per cent this year, said central bank governor Tan Sri Ali Abul Hassan on Wednesday. This is536 words
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SOUTH-EAST ASIA
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438 1999-06-26 11 A two-week delay has been deemed necessary to ensure the security situation is conducive and appropriate, says Kofi Annan Reuters, AFP UNITED NATIONS Citing violence in East Timor, United Nations Secretary-General Kofi Annan has postponed for two weeks a crucial vote on theReuters,; AFP - 438 words
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Article, Illustration448 1999-06-26 11 Reuters WASHINGTON Indonesia’s first democratic election in a generation and its selection of a new president would ultimately be judged transparent and fair, said the United States. "We believe that the Indonesian people and their new political institutions, including a free press, will ensure thatReuters; OT - 448 words
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116 1999-06-26 11 AFP. Jakarta Post JAKARTA The Indonesian authorities are calling in private detectives to hunt for the alleged wealth stashed abroad by former President Suharto, reports said on Wednesday. "Within this week, we will decide on which among the 10 private-detective firms has the– AFP.; Jakarta Post - 116 words
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415 1999-06-26 11 Reuters, AFP MANILA The Philippines on Thursday formally protested against construction of structures by Malaysia in the disputed Spratly Islands and warned that building in the area could trigger accidental armed conflicts. Foreign Secretary Domingo Siazon expressed Manila’s “serious concern" over the Malaysian actionReuters,; ;, AFP - 415 words
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COMMENTARY
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Article564 1999-06-26 12 TUESDAY JUNE 22,1999 AS THE politic-king intensifies in postelection Indonesia, the International Monetary Fund (IMF) last week sought and obtained reassurances from leaders of the main political parties that they will stick with the reform programme to revamp the country’s battered economy. This commitment is important564 words
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Article597 1999-06-26 12 THURSDAY JUNE 24,1999 THE first contingent of United Nations monitors is in East Timor, but UN secretary-gen-eral Kofi Annan has postponed the Aug 8 referendum on self-determination for the Timorese. He has no choice because violence in the bloodied territory has escalated in recent months,597 words
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Article, Illustration783 1999-06-26 12 ROB NC - SECOND LAST WORD ROB NC IT WAS some 30 years ago that I took my very first plane trip. Looking back over that period, I am amazed to discover how little, and yet how much, has changed in air travel. What has changed has783 words
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1155 1999-06-26 13 lIFFFN ( 111 - MY VIEW «7 lIFFFN 111 ONE thins stood out during the recent Choo Wee Khiang court case: how Prime Minister Goh Chok Tong and his grassroots leaders went on record to praise his long years of public service. They were1,155 words
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Article1031 1999-06-26 13 kOti Bl'Ck SONG - !h. kOti Bl'Ck SONG THE coming millennium is still some six months away, and observers are already running out of metaphors to describe it. But the run-up may be losing a little bit of steam, not so much due to over-exposure, but a certain dampening1,031 words
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INSIGHT
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Article, Illustration1744 1999-06-26 14 Workers understand why they have to tighten their belts during a recession. But why should they continue doing so in what they perceive as a recovering economy J And how is the labour movement managing their expectationsP JASON m finds out. WHEN newly-minted\OFI RONAI I S - 1,744 words
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Article1066 1999-06-26 15 SONNYYAP - If we forget to make babies THINKING ALOUD SONNYYAP WHAT could have been the spark to light lip the Great Baby Debate turned out to be a damp squib. Following the Parliamentary debate on the Singapore 21 vision, two woman readers wrote to The Straits Times to question government policies1,066 words
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1149 1999-06-26 15 CHI'A LEE lIOONC - LAST WEEK IN POLITICS «7 CHI'A LEE lIOONC. THE contrast between Singapore on one hand, and Korea and Taiwan on the other, could not have been more stark last week. Taiwan lawmakers treated the world to one of its bloodiest shows of parliamentary1,149 words
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MONEY
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370 1999-06-26 16 THE market this week broke the 40-month all-time record convincingly to set a new high not once, but twice in the last •five days before ending lower on subdued profit-taking. In a six-day rally, the benchmark Straits Times Index gained a whopping 148 points370 words
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Article84 1999-06-26 16 Straits Times Index The Straits Times Index surged 108.01points on the week to 2,178.6. DAY CLOSE TURNOVER Monday 2,120.4 (»49.75) 2.2 b ($1.9 b) Tuesday 2,123.2 C2.85) 1.6 b ($1.9 b) Wednesday 2.167.5 (»44.24) 1.8 b ($2.0 b) Thursday 2,191.7 (»24.26) 1.6 b ($2.1 b) Friday 2,178.684 words
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Article1912 1999-06-26 16 Company Oat* arm Nat earn TV IV <$m> ($ml EPS TV LV lets) lets) As aPac Brew Jun 11 1 28.597 ***** 11.3 14.7 Avimo May 13 1 8.998 7 285 8.54 6.94 Advanctd Sys Jun 23 P 14.093L 12.004 12L 10.6 Auric Mar 12 P 5 8211,912 words
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Article1053 1999-06-26 16 Payment (cts) Cx date Books close Pay date Apollo F 0.5 Jun 30 Jul 7 Jul 20 AV Jennings A2Sc 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 Jul 1 Jul1,053 words
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Article178 1999-06-26 16 BONUS ISSUE Company Ratio Exdatt Boohs closo Acc Paymt RIGHTS ISSUE Company Ratio Cldate 11 Acc t Paymt DBS Land Ranouncaabla Rights issue on tna bans ot 1 tor ayary 4 emstmg shares held at $2.30 par Rights sharp. Jul 2 Jul 9 Jul 1 OTHERS Company Ratio178 words
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Article65 1999-06-26 16 Company Description UOl Proposed issue of up to 192,981,891,wrts to subscribe tor up to 192,981.891 new Ordinary Shares of $1.00 each to be immediately converted into new stock units of $1.00 in the capital of UOl to be offered to members of the co by UOB;on renounceable pref65 words
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Article136 1999-06-26 16 Piact Oate Time IMM E 2 Jurong East St 2t Sakura Room Laval S IMM Bldg Spore (*****1) Jul 2 4.30pm Acma A 17 Jurong Port Rd The Concourse S'pora (*****2) Jun 30 3.30pm Natsteei Electronics E 12 Kallang Way S pore (*****6) Jun 29 10.00am Tuvmwood A136 words
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Article1339 1999-06-26 17 UNIT TRUSTS FUNDS nine 26,1999 Managers' prices (S$) UNIT TRUSTS Aberdeen Asset Mgt Asm Ltd Morgan Grenfell (Asia) Limited Aberdeen S pore Cr Fd 1.741 1.830 MG Premier Select T/S 0.96 1.00 Aberdeen Select Portfolio MG Asia Premier Tl** 1.21 1.27 American Opport Fd 1.070 1.124 MG Premier Asian Bd1,339 words
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Article, Illustration518 1999-06-26 17 MAS says banks should boost Internet cross-selling of products, pool R&D resources and invest more in technology BANKS should take more advantage of advanced communications technology and the Internet which are causing a fundamental change in the way such institutions compete. This advice came518 words
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301 1999-06-26 17 THE Monetary Authority of Singapore (MAS) has declared Dec .31 this year a bank holiday. Managing director Koh Yong Guan said this on Monday night at the annual dinner of the Association of Banks in Singapore. He said that MAS had conducted301 words
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Article4526 1999-06-26 18 Transaction data: Arne 25,1999 MULTI INDUSTRY S2-Wk Curr Last High Low Company Traded Sale ♦orVol Day 000 High Low Gr's Net M Cap Dlv P/E Smll m Avg Prica 174 17.5 mo Acme 50c 169 ca 1422 172 166 10 13.9 279.6 166 84 25 78 ♦14,526 words
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Article1113 1999-06-26 19 52-Wh High Low Curr List Company Traded Sale ♦oro o Op > Dey High LOW Or** Dlv Net P/C M Cap $mll Wt Avg Price MANUFACTURING 148 30 c AS Auto 10c 139 ♦1 1261 141 136 10 N 158.7 138 110 45 c ASJ Hldgs 20c 94.5 -21,113 words
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Article1567 1999-06-26 19 BONDS, LOANS WARRANTS Transaction date: June 25,1999 52-Wh High Low Company Lost Sole ♦or* vol 000 Doy High Low Last Ouota Buytr Sailor Wt Avq Price 98 5 3 s A Acar W*****1 USS 87 ♦1 542 91 85 865 87 5 80 4.5 s Acma W*****4 .74.5 unch 18321,567 words
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Article146 1999-06-26 19 (9am, June 25) Buying 00 Selling Singapore dollars to one unit of foreign currency Australian dollar 1.1170 1.1320 Canadian dollar 1.1450 1.1690 N2 dollar 0.9030 0.9220 Sterling pound 2.6890 ***** US dollar 1.6970 1.7090 Singapore dollars to 100 units of foreign currency Austrian schilling 12.76 13.02 Belgian franc 4.350146 words
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435 1999-06-26 20 SINGAPORE Telecom (SingTel) and nine other leading telecommunications operators have signed a pact to create a new underwater cable network to meet the region’s growing communications needs. The cable will he useful parf>u larly for data communications such as Internet and ecommerce t ransmissions. The435 words
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500 1999-06-26 20 Hi, KALPANA RASHIWALA - Residential sector accounts for two-thirds of figure and full-year o J forecast is between s4b and ssb Hi i Hi, KALPANA RASHIWALA INVESTMENT sales of property a barometer of mediumto long-term confidence in prospects for the property market hit Si.s billion in the first500 words
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Article, Illustration410 1999-06-26 20 Kt/ KALPANA RASH IW ALA - Bj Kt/ KALPANA RASH IW ALA THE Hong Leong Group will launch today its Carissa Park freehold condominium in Upper Changi. Tagged at $590 psf on average, the price is low'er than market expectations. The price, after an 8 per cent discount, applies to410 words
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Page 19 Advertisements
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Advertisement14 1999-06-26 19 Buy It. Sell It. Find It. Classified. H Call Today For Results Tomorrow. 1800-737-116614 words
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Page 21 Advertisements
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Advertisement1123 1999-06-26 21 The Straits Times Weekly Edition #,v OB ASIA LIMITED A MEMBER OF THE UNITED OVERSEAS BANK GROUP) UOB Asia is a wholly owned merchant banking subsidiary of UOB Group which is a leading international banking group with a well-established presence in Singapore and the world's major financial centres. In line1,123 words
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Page 22 Advertisements
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Advertisement1141 1999-06-26 22 No Matter How High Your Aspirations* .1.1). Edwards. an outstanding company whose conservative financial management amt practices are balanced by visionary technology and product development. With more than 5,iW customers in over 100 countries worldwide Edwards provides the core software to run an entire business-financials, inventories, factories, people, and equipment1,141 words
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FORUM
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Article, Illustration524 1999-06-26 23 I REFER to Lee Chiu San's letter, “Set speed limits at a more sensible level" (ST. June 14). He highlighted the fact that .90 speed-related fatalities occurring out of 12 billion kilometres travelled on Singapore roads last year seemed like a low percentage, and524 words
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Article224 1999-06-26 23 808 NG applauds the new 7 kg maximum cabin baggage rule in “How about check-ins a day earlier?" (Page 12). But has anyone analysed why people are forced to load up on cabin baggage? It is because of the inadequate 20 kg check-in luggage224 words
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328 1999-06-26 23 IREFF)R to the letter byMr James Chia Ming Yao, “Don't push children beyond limits" (ST, June 21). I would like to throw some light on the current discussion on tuition. According to Mr Chia, extra classes for those children “performing to near capacity" would328 words
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Article216 1999-06-26 23 IN HER letter. “Two instances of rude cabbies” (ST, June 17), Surin Kaur described how she tlagged down a cab whose driver covered his nose yvith one hand during the trip. He also wound doyvn his windoyv. She felt he was "practising racial discrimination” through his216 words
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Article741 1999-06-26 24 \MY BALAN - Chairman S. Dhanabalan stresses importance of good corporate governance in bid to develop more world-class firms *I±L \MY BALAN IN A move aimed at developing more world-class enterprises, Temasek I Inklings will take a more proactive approach in managing its sprawling group oi companies. Changes741 words
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Article, Illustration86 1999-06-26 24 EX-MP CHOO OUT OF JAIL Former MP Choo Wee Khiang, 44, walked out of Queenstown prison last Saturday morning. He had just served a two-week sentence for issuing false invoices to help a family friend cheat a finance company. He looked gaunt, and smiled atKF.NTAY - 86 words