The Straits Times : Weekly Overseas Edition, 3 July 1999
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1999-07-03
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The Straits Times : Weekly Overseas Edition
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Title Section20 1999-07-03 1 The Straits Times Weekly Edition Saturday July 3,1999 Price: S$ 1.20 (in Singapore) Elsewhere by subscription only MITA (P) 080/08/9820 words
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Article, Illustration470 1999-07-03 1 DOMINIC NATHAN - Bti DOMINIC NATHAN THREE Singapore Armed Forces officers will move up to the rank of major-general in this year’s promotions exercise. Adding a second general’s star to their epaulettes are the Chief of Army, Brigadier-Gen-eral Lim Chuan Poh; the Chief of Air Force. BG Ravmund Ng; and)l MSK UN - 470 words
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464 1999-07-03 1 GEOFFREY PEREIRA - Slew of measures will also make investing in them easier. Govt signals support by saying it is willing to buy from new suppliers By GEOFFREY PEREIRA SEVERAL new measures announced yesterday will make it easier for people to start high-technology firms here or invest464 words
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Page 1 Advertisements
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Advertisement73 1999-07-03 1 D E F E N E A Few Good Me JUL ,>r.u Men from the Ist Commando Battalion once again win the Singapore Armed Forces Best Combat Unit award tor a record 15th time. page s F i: N A N D R EC R E AT I Sand Storm73 words
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PRIME NEWS
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Article437 1999-07-03 2 CUTS IN CHARGES FROM July 5, motorists who use the Pan-Island Expressway (PIE) will pay between five cents and 50 cents less in Electronic Road Pricing charges between .9 am and 9.30 am. Car drivers will get the biggest cut: they will pay 50 cents437 words
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Article464 1999-07-03 2 i CHONG CHEE KIN - *L i CHONG CHEE KIN EVEN at full throttle, the speedometer in the tour coach driven by Mr Tay Wei Chong never goes beyond 60 kmh. The coach is one of more than 50 heavy vehicles, such as lorries, prime movers and tour coaches,464 words
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Article, Illustration616 1999-07-03 2 GRACE MA - This year’s Great Singapore Sale had retailers reporting an increase in sales of up to 20 per cent compared to last year Bi/< GRACE MA IT HAS turned out to be the Great Singapore Sale, after all. As the annual sale, now into its sixth year,JOYCE FANG - 616 words
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423 1999-07-03 3 Five newly elected members of The Chinese High School board have not responded to chairman’s challenge to their appointments ALL five Chinese High School’s new directors, elected controversially in an annual general meeting last week, have ignored board chairman Wee Ee Cheong’s challenge to their423 words
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Article, Illustration351 1999-07-03 3 SANDRA DAVIE - By I SANDRA DAVIE SCHOOL is still out at Raffles Institution this week, but lessons on the Internet are in. On Monday, while other students went back to school after a month’s holiday, all 1,700 RI boys did not have to doSTKVKN I KK - 351 words
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337 1999-07-03 3 TAY CHENG KHOON - GOAL FOR YACHTING IN 2008 *L TAY CHENG KHOON PRIME Minister Goh Chok Tong has throwm a challenge to Singapore's yachting fraternity: Win a medai at the 2008 Ohmpic Games. Speaking at the official opening of the National Sailing Centre at the337 words
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468 1999-07-03 3 LIM SENG JIN - Bu LIM SENG JIN A WOMAN sued her lawyer successfully for not advising her that part of the land of a corner terrace house she wanted to buy was reserved for possible road works. She bought the house and later found468 words
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HOME
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404 1999-07-03 4 YEOH EN-LAI - Hal YEOH EN-LAI THE Central Narcotics Bureau seized more than 40 g of Ketamine, which is relatively new to the local drug scene, when it smashed a drag syndicate last Thursday and arrested its likely ringleader. Ketamine, which is also known as404 words
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494 1999-07-03 4 M. NIRMALA - It will improve the quality and type of education, and the curriculum, of the three business degrees on offer, he says Hl M. NIRMALA IT IS good to have three universities offering business degrees with different curricula and emphases, Deputy Prime Minister494 words
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140 1999-07-03 4 SINGAPORE will have “positive growth" this year, but this does not mean that the country is “completely out of the woods", said Deputy Prime Minister Tony Tan on Sunday. Although the economic situation had definitely improved in Singapore and the region, he urged140 words
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Article, Illustration632 1999-07-03 4 I KOH BOON PIN - »IL I KOH BOON PIN TILL death do us part? Not so for more than 5,000 couples, who got divorced last year. According to the latest Yearbook of Statistics, the number of divorces has shot up for all types of marriages. A total of 4,186 non-Mus-lim632 words
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Article, Illustration79 1999-07-03 5 Moving quickly and quietly across a river, the elite Red Berets prove their capability in the water. Trained in amphibious and airborne assault operations, they are also known to pack a powerful wallop. Last Friday, the men from the Ist Commando Battalion once again showed whyVI.AN I INI - 79 words
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Article487 1999-07-03 5 SHARMILPAL KAUR - Bu SHARMILPAL KAUR MORE large multinational firms are using Singapore as a venue for their regional and international meetings. Baker McKenzie, the world’s largest law firm, held its three-day policy meeting here recently. Lawyers from 61 offices in 35 countries attended that meeting. Other487 words
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329 1999-07-03 5 KOH BOON PIN - Oil KOH BOON PIN A PAVEMENT which lights up when pedestrians step onto it. Sculpture on the sidewalk. Constructing linkages so that getting from one building to another is one seamless experience. These were some thoughts and ideas thrown up at a public329 words
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551 1999-07-03 5 DOMINIC NATHAN - To combat the problem of excessive pesticide, PPD will require accreditation for farms that fail tests persistently Bti DOMINIC NATHAN STARTING this month, all vegetable farms that export produce to Singapore will have to pass stricter checks to make sure they do not use too551 words
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473 1999-07-03 6 SALMA kllAI. Ik - Parkway and Raffles groups will recruit many as they expand, with most expectea to come from government service 'h. SALMA kllAI.Ik STRONG private sector demand for doctors could well see an exodus of doctors from government hospitals and polyclinics over the next 12 months.473 words
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Article, Illustration250 1999-07-03 6 AT A given signal, hundreds of people swarmed all over Sentosa’s 10 giant sand sculptures and started digging. Armed w'ith toy spades or rakes, but mostly with just their bare hands, they sent sand flying into the air in their search for 1,000 coloured ping-pong balls.M.BKKTMM - 250 words
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Page 6 Miscellaneous
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Miscellaneous1061 1999-07-03 6 RADIO SINGAPORE INTERNATIONAL (ENGLISH) PROGRAMME SCHEDULES 1100 1400 Hours (GMT) 6015 KHz (49M BAND) 6150 KHz (49M BAND) MONDAY 1100 News 1109 Business Market Report 1115 Arts Arena 1130 News 1135 Wired Up 1145 Newsline 1200 News/Weather (AsiaPacific) 1210 E Z Beat 1230 Business Market Report 1235 The Written Word1,061 words
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SPORTS
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Article501 1999-07-03 7 SANTOKH SINGH - A total 0f264 athletes earn nod to represent the Republic at the upcoming South-east Asia Games in Brunei starting Aug 7 SEA GAMES IhL SANTOKH SINGH iWENTY gold medals from 264 athletes that is what Singapore is expecting at the 20th South-east Asia Games in501 words
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Article, Illustration358 1999-07-03 7 THERE was no fairy tale ending for the mens 400-metre sprint relay team on Wednesday. Its appeal for a SEA Games nomination fell on deaf ears with the Singapore Amateur Athletic Association sticking to its earlier decision of not recommending anyone w'hoJOSE RAYMOND - 358 words
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276 1999-07-03 7 CHAN TSE CHLEEN - Bn CHAN TSE CHLEEN JOSCELIN YEO and James Wong have been given the go-ahead to bring their foreign coaches to the South-east Asia Games in Brunei. Their recent good form has prompted the Singapore National Olympic Council to sayyes. Swimmer Joscelin, who276 words
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MALAYSIA
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Article, Illustration81 1999-07-03 8 A highway patrol officer at the Damansara-Puchong expressway near Kuala Lumpur going out of his wav to catch ducks which escaped from their cages after the lorry transporting them hit a three-metre high concrete divider on Tuesday. The officer, with the help of his colleagues and trafficSI \\ STRAITS TIMI s - 81 words
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401 1999-07-03 8 The two-thirds majority will ensure no component party or MP could ever liold it to ransom Bkrnama KUAIA LUMPUR The National Front must retain its two-thirds majority in Parliament so that no component party or Member of Parliament will be in a positionBkrnama - 401 words
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419 1999-07-03 8 MALACCA Malaysia's vegetable farmers have disclosed that vegetables that contained excessive pesticide residue are sold to consumers because of the leniency of the law- enforcement authorities in the country. They also hit out at some farmers who they described as being irresponsible in using419 words
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267 1999-07-03 8 -The Stax JOHOR BARU Singapore's latest move to impose more stringent conditions on the import of farm produce can be seen as a non-tariff attempt to control imports, especially those from Malaysia, said Johor Mentri Besar Datuk Abdul Ghani Othman. He said-The Stax - 267 words
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SOUTH-EAST ASIA
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708 1999-07-03 9 UN staff threatened one day after an attack on another UN compound draws protests AFP JAKARTA Armed pro-Ja-karta militamen entered a UN residence in East Timor on Wednesday and threatened staff there, the UN said, a day after an attack on another UNAFP - 708 words
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Article, Illustration200 1999-07-03 9 Election result may be delayed yet again AFP. Reuters JAKARTA The head of Indonesia’s General Election Commission (KPU) said on Wednesday that counting from the June 7 parliamentary election may not be completed by the revised July 8 deadline. Mr Rudini said his independent commission would seek advice from the– AFP.; Reuters; AFP - 200 words
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303 1999-07-03 9 AFP MANIIA Philippine President Joseph Estrada gave himself high marks for the country’s economic gains on completing his first year in office on Wednesday, and added that critics who once laughed at him had “shut up". The former movie actor cited the 1.2-per-centAFP - 303 words
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COMMENTARY
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Article579 1999-07-03 10 WEDNESDAY JUNE 30,1999 NEWTON’s third law “For every action there is an equal and opposite reaction" is as applicable to international relations as it is to bodies in space. The strategic partnership between China and Russia is an instance of that applicability. Once sworn enemies, both countries have579 words
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Article627 1999-07-03 10 THURSDAY JULY 1,19 9.9 IT WOULD not be surprising if more than a few Singaporean men were to be living in fear of being reported falsely for molest or rape, crimes that attract very tough penalties. That criminals should fear the law is only right indeed,627 words
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Article, Illustration905 1999-07-03 10 ALANJOHN - SECOND LAST WORD «7 ALANJOHN THIS is for Ang Miau Lee. a leading stewardess on Singapore Airlines and a member of one of the hardest-working teams of people around. Four weeks after my family flew with her on an SCj flight to905 words
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1096 1999-07-03 11 M. MRMAI. A - Parents do homework before choosing schools MY VIEW 'I M. MRMAI.A IT HAPPENS like clockwork every July. This month, parents of about 45,000 children will be picking a primary school which will lay the foundation for their formal education. For many, the stakes arc high as nothing could possibly be1,096 words
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1117 1999-07-03 11 ASAD LATIF - Btl ASAD LATIF GARDEN City Singapore, this concrete arcadia, is an electronic village without a countryside. That creates a problem for its filmmakers. Each of them tries to resolve it in his own way. Actor-director Jack Neo brings to the effort the1,117 words
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CPF Newsline A CORPORATE NEWSLETTER OF THE CPF BOARD
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Article, Illustration349 1999-07-03 13 In our last issue, we showed you the benefits of our medical insurance scheme, MediShield Plus, and how it can be of great benefit in times of need, as in the case of CPF member Ronnie Tan and his family. We received some queries following the349 words
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176 1999-07-03 13 It's as simple as 1-2-3. Withdrawing your CPF when you turn 55, that is. 1. If you are eligible to apply for CPF withdrawal, you will receive a letter and CPF withdrawal form from the Board a month before your 55th, 58th, 6lst176 words
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Article, Illustration249 1999-07-03 13 Tour CPF savings will be safe from the Y2K bug. The Board has invested $12 million JL to make its computer systems Y2k ready. This means that information on members' accounts and employers’ contributions will not be affected bv any disruptions. The Board has two major249 words
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Article261 1999-07-03 13 The CPF’ Minimum Sum has been raised from $55,000 to $60,000 starting 1 July this year, and will apply to members who reach age 55 on or after that date. The Minimum Sum can be made up of $40,000 in property and the remaining $20,000 in261 words
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Article114 1999-07-03 13 Arising from a recent CP1 nomination forgery case reported in the Straits '1 imes on 22 June 1999. the Board wishes to highlight to members that it takes a serious view of false declaration of witnesses or forgery of their signatures in their CPF nomination114 words
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Article243 1999-07-03 13 Medisave ceiling up Both the Medisave contribution ceiling and retention sum will go up by $1,000 from 1 July this year, to $22,000 and $17,000 respectively. They will go up by $2,000 each year from the year 2000, until they reach $30,000 and $25,000 respectively in 2003.243 words
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Page 13 Advertisements
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Advertisement22 1999-07-03 13 uie piiui wmui uesi meets your meaicai ana nospuaiisanon needs. "SINGAPORE qulity class ANOTHER PUBLIC COMMU m i r a 2c -ACTION22 words
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Page 13 Miscellaneous
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Miscellaneous192 1999-07-03 13 Why so deep in thought? A Urn... just wondering whether now is a good time to upgrade to a bigger home. The property market does look right What’s wrong with the home you’re in now? It’s okay but when yourfriends upgrade, you want to join the bandwagon so that you192 words
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INSIGHT
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Article, Illustration1772 1999-07-03 14 Will a foreigner take over Philip Yeo' s job? Foreigners are taking over the helm of some leading Singapore institutions. What does this say about the present system of grooming scholars to lead public and quasi-public organisations? Will administrative talent take a back seat to global marketplace skills 0 CHOAsoi l. KOS \l KS - 1,772 words
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1200 1999-07-03 15 CHt A LEE doom - THINKING ALOUD H,, CHt A LEE doom; A NUMBER of bureaucrats must have shitted uneasily in their seats the previous Saturday as they read the pages of this newspaper. Three different people lambasted three different areas of government policy, and all three hinged1,200 words
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975 1999-07-03 15 ASAD LATIF - LAST WEEK IN POLITICS Bu ASAD LATIF EVEN as the counting of votes inches forward in Indonesia, manoeuvring is on to determine which parties will form the ruling coalition. That outcome will decide, in turn, who the next president will be. The political975 words
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MONEY
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351 1999-07-03 16 THE market rallied strongly in late-week trading to set new highs twice as retail investors applauded the L’S Federal Reserve's decision not to have a series of interest rate hikes. In the two-day run-up, the benchmark Straits Times Index gained a breathtaking 54.7- r351 words
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Article75 1999-07-03 16 Straits Times Index Th* Straits Timas Indei surged 43.85 paints on tha week to 2,222.45. DAY CLOSE TURNOVER Monday 2,163.66 (14.98) 1.93b ($1.87b) Tuesday 2.181.08 (♦17.42) 2.19b ($2.12b) Wednesday 2,I6T.7 (13.38) 1.93b ($2.02b) Thursday 2.214.75 (♦47.05) 1.59b (Sl.87b) Friday 2,222.45 (+1.10) 1.68b ($1.88b) BT-SRI Index Tha BT-SRI75 words
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Article1921 1999-07-03 16 Company Oata ann Net earn TV LY ($m> <$m) CPS TY LY (cte) lets) AsiaPec Bran Jun 11 1 28.597 37.235 11.3 14.7 Avimo May 13 1 8 998 7.285 8.54 6.94 Advanced Sys Jun 23 P 14 093L 12.004 12L 10.6 Auric Mar 12 P 5821 31,921 words
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Article177 1999-07-03 16 BONUS ISSUE Company Ratio Cidate Books close ACC t Paymt RIGHTS ISSUE Company Ratio Exdate Books close Acc 6 Paymt DBS Land Renounceable Right» issue on the basis of 1 for every 4 existing shares held at $2.30 per Rights share. Jul 2 Jul 9 JuM OTHERS Company177 words
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Article73 1999-07-03 16 Company Description UOL Proposed issue of up to 192,981,891.wrts to suBscriBe for up to 192,981,891 new Ordinary Shores of $1.00 eech to De immediately converted into new stock units of $1.00 In tne capital of UOL to Be offered to memoers of the co By UOBion renounceaBle pref73 words
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Article116 1999-07-03 16 Dete Time FMTK A 231A Panaan Loop S pore *****9) Jul 23 9.30am GRP c 11 Tanjong Pen)uru Creicent S'pore (*****4) Jui 19 9.00am SPH Th# Auditorium Naws Centra 82 Gentmq Lana S pora (*****7) Jul 16 10.00am NOL e 456 Alexandra Rd NOL Building 804-00 S'pore (*****2)116 words
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Article1041 1999-07-03 16 Paymant (ctsl Cx data Books dost Pay data Apollo F 0.5 Jun 30 Jul 7 Jul 20 AV Janninqs A25c F A3.25 Jun 26 Jul 5 Jul 16 ACE Dynamics 20c F 0.05 Jun 14 Jun 21 Jul 2 Actr SOc F 2.STE Jun 24 Jull Jul 131,041 words
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Article1370 1999-07-03 17 UNIT TRUSTS FUNDS July 3,1999 Managers' prices (S$) UNIT TRUSTS Aberdeen Asset Mgt Asm Ltd Morgan Grenfell (Asm) Limited Aberdeen S pore Gr Fd 1.817 1.909 MG Premier Select T/& 0.96 1.01 MG Asia Premier T!** 1.22 1.28 1.093 1,148 MG Premier Asian Bd Fd** 9.11 Continental Euro Eqty Fd1,370 words
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457 1999-07-03 17 RAVIVELLOOR - In response to MAS liberalisation package, it will be delisted under restructure and be subsidiary of a new flag lii/ 1 RAVIVELLOOR DBS Bank will restructure itself as a wholly-owned subsidiary of a financial services holding company, it said in a statement last Saturday.457 words
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Article, Illustration434 1999-07-03 17 DENNIS CHAN - Hu DENNIS CHAN RETAILER Metro Holdings has plunged deeper into the red despite a rise in group turnover. It reported last Friday a net loss of $9.8 million compared with $3.3 million previously, although turnover went up 19.2 per cent to $348.4 million for the434 words
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Article4427 1999-07-03 18 Transaction date: July 2,1999| MULTI 52-WH High INDUSTRY Low Company Curr Last Traded Sale ♦or* Vol '000 Day High Low Cr’s Div Nat M Cap P/t Smil Wt Avg Price 182 17.5 174 cd ♦2 1002 177 172 10 14.3 287.8 174 84 25 81 »2 17704,427 words
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Article1046 1999-07-03 19 52*Wk High Low Curr Lost Company Traded Sale ♦orVol 000 Day High Low Gr's Div Net P/C M Cap WtAvq Smll Price MANUFACTURING 218 30 C AS Auto 10c 190 -16 3384 212 190 10 N 216.9 181 137 45 c ASJ Hidqs 20c 120 -6 309 129 1131,046 words
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Article1537 1999-07-03 19 BONDS, LOANS WARRANTS Transaction date: July 2,***** 52-WH Hiqh Low Company Last Salt ♦or* voi '000 Day High Low Last Quota Buyer Sellar Wt Avg Prlct 104 3 s •Acer W*****1 USS ...96 3.5 4682 104 92.5 95.5 96 80 4.5 s Acma W*****4 .75.5 *1 1017 79 75.5 75.51,537 words
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Article148 1999-07-03 19 (9am, Jul 2) Buylnq 00 Selling Singapore dollars to one unit of foreign currency Australian dollar 1.1240 1.1400 Canadian dollar 1.1650 NZ dollar 0.8950 0.9150 Sterling pound 2.6590 2.6870 US dollar 1.6920 1.7030 Singapore dollars to 100 units of foreign currency 12.52 12.78 Belgian franc 4.270 4.360 Chinese renminbi148 words
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654 1999-07-03 20 DENNIS CHAN - Surging interest in Singapore stocks sets several records, indicating that market has ignored the Asian economic crisis Hi DENNIS CHAN THE surging interest in Singapore stocks has created several records indicating that the market appears to have shrugged off the Asian crisis. The stock654 words
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Article514 1999-07-03 20 KALPANA KASHIWALA - By By KALPANA KASHIWALA AVERAGE capital values of private condominiums and apartments have risen 10.7 per cent in the second quarter and that of landed homes by 6 per cent the second consecutive quarter of increases since the market bottomed out in the fourth quarter514 words
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Article, Illustration559 1999-07-03 20 WILLIAM CHOONG - By WILLIAM CHOONG LISTED electronics products distributor Thakral Corporation dropped a shock on Monday, reporting its first-ever loss a massive one at that for fiscal 1999For the year ended March 31, Thakral suffered a loss of $218.7 million compared to a $70.4 million gain before.559 words
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Page 19 Advertisements
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Advertisement14 1999-07-03 19 Buy It. Sell It. Find It. Classified. Call Today For Results Tomorrow. isoo-737-ii66 414 words
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Page 21 Advertisements
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Advertisement708 1999-07-03 21 The Straits Times Weekly Edition i o Quintiles Laboratories (a division of Quintiles East Asia Pte Ltd), a centralised laboratory for i provision of clinical laboratory services, invites m QUINTILES a talented individual to join us as: MEDICAL TECHNOLOGIST < Perform routine and esoteric clinical laboratory testing Candidates with experience708 words
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Page 22 Advertisements
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Advertisement952 1999-07-03 22 NATIONAL LIBRARY BOARD Since its inauguration on I" September 1995,the National Library Board (NLB) has transformed library services in Singapore to embrace the Information Age and meet the nation’s evolving informational demands in the new Millennium, The mission of NLB is to "expand the learning capacity of the nation so952 words
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FORUM
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549 1999-07-03 23 I REFER to the letter “MOE should publish primary school ranking” by Mr Sebastian Tan (ST, June 29). While Mr Tan has suggested, out of good intentions, that the Education Ministry (MOE) should publish the yearly performance of each primary school, 1, as549 words
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Article, Illustration141 1999-07-03 23 I REFER to the article “Singapore ploy to curb imports, says Johor MB" (PageB). I would like to inform Johor Mentri Besar Datuk Abdul Ghani Othman, in case he does not already know, that Singapore is hardly self-sufficient in vegetables. Maybe that is why he was misguided141 words
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444 1999-07-03 23 IN HIS column, “How about check-ins a day earlier” (ST, June 23), Bob Ng suggests that airlines offer passengers the option of phone or Internet check-in and seat reservations before the day of travel. Singapore Airlines has offered telephone check-ins444 words
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146 1999-07-03 23 I REFER to the article “Why the West rejects Asian values" by Mary’ Kwang (ST, June 29). Bravo! Prof Tommy Koh, Ambassador-at-large, on your profound statements on Western dominance and Asian inferiority. I watched television last night. Not surprisingly, the national carrier,146 words
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Article632 1999-07-03 24 DENNIS CHAN - Singapore to cut stake in project 'from 65% to 35% and hand over park management in 18 months b>l DENNIS CHAN THE Singapore Government will hand over control of the Suzhou Industrial Park (SIP) project to the Chinese government in 18 months’ time under a632 words
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Article, Illustration423 1999-07-03 24 i YEOIIEVLAI - Hji i YEOIIEVLAI THIRTEEN construction workers were injured when a fifth-floor scaffolding crashed down without warning, sending some men plunging down 30m at an Übi worksite on Sunday. Others were working two floors below when they were trapped just before midnight under theTHE NEW PAPEK - 423 words