The Straits Times : Weekly Overseas Edition, 17 July 1999

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Total Pages: 24
1 24 The Straits Times : Weekly Overseas Edition
  • 20 1 The Straits Times Weekly Edition Satmlay )%'l \,JSm Price: S$ 1.20 (in Singapore) Elsewhere by subscription only MITA (P) 080/08/98
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  • 818 1  -  He tells of difficulties as first Elected President ana his Ions: list’ of problems with the Govt ‘There is no compelling reason for me to do so* Oil ZIRAIDAII IBRAHIM PRESIDENT Ong Ten* Cheong announced vesterdav that he was not seeking re-elec-tion,
    CEORCt GASCON  -  818 words
  • Page 1 Advertisements
    • 59 1 Indonesian politics Habibie Still In The Running President B.J. Habibie said he had led Indonesia through a fair, just, transparent and open election a vear after taking the reins overnight, page 2 undii Inconsiderate visitors Hospitals Are Hot Playgrounds Overcrowding in the wards, noisy people who overstay, children running amok
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    • 3 1 8 ''*****1 *****6
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  • PRIME NEWS
    • 534 2  -  It will buy back some stock and issue special dividend of 12 cents a share as part of its 120th anniversary celebration J Hu TAMMY TAN SINGAPORE Telecom will return a whopping $2.5 billion to its 1.37 million shareholders later this year when
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    • 572 2  -  Hi, BRENDAN PEREIRA MALAYSIA and Singapore are some way off from resolving a package of bilateral issues, but both countries pledged to try to narrow the gaps, said Malaysian Foreign Minister Syed Hamid Albar. Both countries also agreed to focus on their long-term
      LUIS ENRIQI'F ASCI I  -  572 words
    • 491 2  -  HABIBIE ON STORE-JAKARTA TIES By By SUSAN SIM and DERWIN PEREIRA PRESIDENT B.J. Habibie, professing that he has nothing against Singapore or any of its ethnic groups, has called for a “win-win” cooperation between the two countries. But bilateral relations, he
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    • 390 3 SINGAPORE Airlines will spend S 5 million in the next two to three years to build up its Internet systems. It will then offer online sales of tickets to most of its 93 destinations. give information on its tour pacKages ana have linkups with major hotel chains
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    • 522 3  -  Applicants will be evaluated on extra-curricular activities, reasoning test, project work Bu_ M. N IRMA LA STUDENTS now in Secondary 3 will be the first to be judged by new admission criteria when they seek entry into the National University of Singapore
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    • 395 3  -  SANDRA DAVIE FROM September, anyone can attend classes in Raffles Girls’ Secondarv. via the Internet. The top-ranking independent school will netcast live about two lessons a week from its new $1.6 million Cyber learning Centre. Students from other secondarv schools will be able to log
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    • 308 3  -  GEOFFREY PEREIRA PEOPLE who call Nets with a transaction problem will have it explained on the spot and the bank concerned will be asked to respond to them. In transaction failures, Nets terminals will flash messages that will state what went wrong, so that
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  • HOME
    • 446 4  -  ha CIILA CHIN HON THE final Antarctica 2000 team was announced on Monday after 10 months of trials and training which nearly claimed the lives of some members. Eight adventurers seven men and a woman made the cut. down from 12 people. The
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    • 403 4  -  The link between Crawford Street and Republic Avenue is planned with a package of other measures to relieve the snarl hIL KARAMJIT KAIK MOTORISTS who dread the dailv Bras Basah Road crawl can hope to move along twice as fast, with new measures
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    • 519 4  -  Hit KENNETH LIM and GERALDINE YEO SACKED: The two security guards who failed to act against six vandals who knocked down a row of lamp-posts outside Katong Plaza last month. Mr Patrick Tan. 52, and Mr Omar Yusuf, 38, were given the marching orders
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    • PRESIDENT ONG NOT SEEKING RE-ELECTION
      • 815 5  -  As Singapore’s first Elected President, he had to find his own way of dealing with the Government on various issues Oil IRENE NG PRESIDENT Ong Teng Chcong said there was a “long list” of problems he faeed as the country’s first Elected President
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      • 541 5 SHOULD income from the Government’s investment of the reserves be treated as part of past or current reserves? President Ong Teng Cheong highlighted this question as one of the outstanding issues yet to he resolved between nim and the Government. Because of the Government s
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      • 267 5 PRESIDENT ONG Teng Cheong said yesterday that his doctors in the United States had given him a clean bill of health and that his lymphoma was in complete remission. Asked if his cancer had figured initially in his decision on whether to seek re-election, he
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    • 615 6  -  The number not registered each year is low, says MOE, but other statistics show it exceeds 1,000 “1 BRAEMA MATH I THE Education Ministry said it knows of fewer than 25 children every year whose parents are against their being educated. These
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    • 401 6  -  KAREN WONG CHILDREN of warring couples can now count five Senior Counsel and a team of other lawyers as their “friends" who will look out for them in their parents’ divorce cases. The 28 legal eagles, who have been appointed amicus curiae, or “friend
      WONG KWAI CHOW  -  401 words
    • 364 6 TALENTED students may offer music at the O levels under a pilot project which is part of the Education Ministry’s review of arts education in schools. A pilot centre will be set up in a cluster of schools, and students will be
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    • 252 6 NINE in 10 Singaporeans believe family relations have not worsened despite the hardship caused by the economic crisis, a survey conducted by the Feedback Unit has found. While four in 10 said family ties became stronger because of the hardship, another
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    • 347 7  -  Come May 2000, visitors can ski, toboggan, snowboard and frolic in the snow at the $6 m Snowcity *!L GRACE MA SOON you should be able to ski and toboggan in the snow in Singapore. An 1,800 sq m permanent indoor snow
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    • 635 7  -  US ENGINEER DENIED PASSPORT FOR RECEPTION BtL SITIANDRIANIE FORMER public relations officer Sharmila Ramanujan flew off on Wednesday to join her husband in the United States the same husband who missed their wedding reception here last Saturday. Their reunion will bring to a close two frantic
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    • 435 7  -  RESPONSE IN LESS THAN FIVE MINUTES *L TAN 001 BOON FIREMEN armed with powerful water guns will be stationed at some neighbourhood police posts (NPPs) from next month. The Singapore Civil Defence Force (SCDF) is posting its men to the NPPs in a pilot
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    • 221 7  -  Bu M. NIRMALA BODY language can play a part in making or breaking a business deal in an Asean country. In Indonesia, it is rude to use the left hand to pass a document while in Myanmar, it is polite to keep both arms folded
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    • 558 8  -  Insufferable visitors sometimes cause even more distress to suffering patients in hospitals B>l WENDY TAN and WILLIS LIM HOSPITALS and their patients are suffering from a chronic problem inconsiderate visitors. Three hospitals told similar tales of overcrowding in the wards during visiting hours, noisy visitors
      WONG kwaichow  -  558 words




  • 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
    • 604 9  -  Singapore supported the fight for more World Cup slots as it will have a better chance of qualifying for the 2010 World Cup «!L KELVIN PHANG SINGAPORE joined in Asia’s walkout at last week’s world football congress in Los Angeles as it will help
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    • 302 9  -  BADMINTON *L THOMAS KOH NEWLY-CROWNED world champions Sun Jun and Camilla Martin, who were both here last year, are among the stars invited for the US$l5O,OOO (*****,000) Konica Cup at the Singapore Indoor Stadium from Aug 23-29. Other top singles players invited are Fung
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    • 359 9  -  NETBALL LEE YLLIN AUSTRALIAN Jocelyn Bryant, 28, made history on Thursday when she became the first player to be recruited from overseas to play netball for Singapore. The goal-shooter turns out for Melbourne Kestrels, a top Australian side which is currently third in the
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    • 334 9  -  TABLE TENNIS /j>/ < CHAN TSE CHIJEEN SINGAPORE is on the right track to SEA Games glory, judging by its results at the Golden Rackets Table Tennis Championships which concluded in Ho Chi Minh City on Sunday. It won four golds, two silvers and
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  • MALAYSIA
    • 381 10 About 10,000 cassettes and brochures telling people who to kill posted all over country’ tigation is ongoing. —The Star/Asia News Network, AFP KUALA LUMPUR Malaysian Prime Minister Mahathir Mohamad and at least five other senior Utnno leaders have been named in a mystery
      tigation is ongoing. —The Star/Asia News Network,; AFP  -  381 words
    • 269 10  -  Bi, BRENDAN PEREIRA IN KUALA LUMPUR ANWAR Ibrahim criticised the government from prison, this time accusing Prime Minister Datuk Seri Dr Mahathir Mohamad of stopping the prosecution of a Cabinet Minister for alleged corruption in 1995. The former DPM also aimed his latest salvo
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    • 100 10 ROW OVER SCRAPPED INDIAN FUND! A heated argument broke out between Datuk Sarny Vellu (right) and MP Kula Segaran at the Parliament lobby in Kuala Lumpur on Monday, over the decision to scrap the South Indian Labour Fund. Mr Kula Segaran told the Malaysian Indian
      Sl\ CHEW JIT POH/\M \ NEWS NETWORK  -  100 words
    • 355 10 The Star/As i a News Network KUALA LUMPUR Parents of students from the schools where two girls were attacked separately have expressed outrage that the schools had tried to cover up the incidents. They said they and their children found out about
      The Star/As i a News Network  -  355 words
    • 352 10 KUAIA LUMPUR Malaysia on Wednesday directed its High Commission in Singapore to discuss with the Republic’s authorities a solution to the massive traffic congestion at the Causeway. Foreign Minister Datuk Seri Syed Hamid Albar said Kuala Lumpur wanted to know the reason for the delays
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  • SOUTH-EAST ASIA
    • 1267 11  -  He insists it is misleading to assume that the party with the most votes polled will win the presidency automatically Hr, SUSAN SIM arul DERWIN PEREIRA IN JAKARTA PRESIDENT B.J. Habibie has rejected opposition leader Megawati Sukarnoputri’s claim to a popular mandate following last
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    • 383 11 -AFP BANGKOK King Bhumibol Adulyadej swore in a new Cabinet on Monday after Prime Minister Chuan shuffled his ruling coalition for the second time in 20 months, but retained control over important Cabinet positions through the leading Democrat Party. Eleven new faces entered the
      -AFP  -  383 words
    • 253 11  -  By LUZ RACUIORO PHILIPPINES CORRESPONDENT MANILA A government inquiry into a scandal involving last year’s celebrations of the Philippines’ 100th-year anniversary has exposed an unusually large budget allocation for the foreign media to cover it. The Manila Times, citing documents provided by the
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  • COMMENTARY
    • 570 12 FRIDAY Despite nagging doubts about the precarious security situation in East Timor, United Nations secre-tary-general Kofi Annan has decided to proceed with voter registration today for a referendum on the future of the former Portugese colony. But he has done so with a proviso: Indonesia must provide
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    • 558 12 THURSDAY July 15, 199» WITHOUT declaring independence, President Lee Teng-hui has asserted that Taiwan is a sovereign state, thus undermining the one-China policv that has kept the peace with the mainland till now. He made the point deftly. “Since we conducted our constitutional reforms in 1991, we
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    • 753 12  -  SECOND LAST WORD CHt A LEE lIOONG COME National Day next month, the Government will announce a revised estimate of this year’s economic growth. It will be the third official forecast this year of the country’s likely economic achievement for 1999The first, at the
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    • 1246 13  -  MY VIEW a,, GEOFF PEREIRA SHOULD penalties be raised for women who make false rape and molest reports? The Attorney-General is reviewing the penalties and, from columns, letters and an editorial in The Straits Times recently, it is clear that it is a hot topic.
      LIIOWICILIO  -  1,246 words
    • 855 13  -  EYE ON THE WORLD K’l FELIX SOI! IT IS said that once a pit bull clamps its powerful jaws on its prey, it never lets go. Where tenacity and fighting spirit is concerned, Mr Mike Moore would make a pit bull seem
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  • INSIGHT
    • 1760 14 The Government wants Singapore to treat the protection of its reserves as a core value that cuts across the system. Just as fighting corruption us not Just thejob of the Corrupt Practices Investigation Bureau, protecting the reserves Is not only the President's business,
      MIEI.  -  1,760 words
    • 1012 15  -  THINKING ALOUD By ASAD LATIF CATHERINE Zc-ta-Jones, who stars with Scan Conner)' in the film Entrapment, wants to play James in a James Bond film apparently, while Connery plays God. If’ that is an accurate reflection of her desire, it poses certain questions for
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    • 1059 15  -  LAST WEEK IN POLITICS By CHFA LEE lIOONG LAST week’s brouhaha over the Istana Kampong Glam is at one level simply another epsiode in the old, old story of Malaysian acrimony to- wards Singapore. But look closer, and shrugging it off
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  • MONEY
    • 346 16 TRADING on the Singapore bourse this week was marred by volatility brought about by a couple of factors, chief of which were the Taiwan-China conflict and the continued eontra-trad-ing overhang problems which had plagued the market the whole of last week. The China-Taiwan crisis brought down
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    • 1815 16 Company Oat# ann Net earn TY LY ($m> <$m) EPS TY LY (ctt) (Ctf) AsiaPac Brow Jun 11 1 28.597 37.235 11.3 14.7 Alexandra Jun 30 P 0.436 9.575L 1.45 32L Advanced Sys Jun 23 P 14.093L 12.004 12L 10.6 Auric Mar 12 P 5.821 3.849 4.50 3.10
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    • 165 16 BONUS ISSUE Company Ratio Exdate Books close Acc 6 Paymt RIGHTS ISSUE Company Ratio Exdate Books close Acc Paymt DBS Land Renounceable Rights issue on the basis of 1 for every 4 existing shares held at $2.30 per Rights share. Jul 2 Jul 29 OTHERS Company Ratio Exdate
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    • 71 16 Straits Times Index The Straits Times Index dropped 47.41 points on the week to 2,134.22. DAY CLOSE TURNOVER Monday 2.198.78M7.75) 623.35m ($731.30m) Tuesday 2.178.49(-20.29) 533.50m ($635.50m) Wednesday 2,178.63(* 0.14) 485.01m ($629.50m) Thursday 2.157.72(-20.91) 536.28m ($724.97m) Friday 2,134.22(-23.50) 681.34m ($780.70m) BT-SRI Index The BT-SRIIndex DAY Monday Tuesday Wednesday
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    • 954 16 Payment (cts) Cx date Books close P«y date Amaia 20c b 0.4 Jul 9 Jul 16 Jul 30 Apollo F 0.5 Jun 30 Jul 7 Jul 20 AV Jennings A25c F A3.25 Jun 28 Jul 5 Jul 16 Acer SOc f 2.STE Jun 24 Jull Jul 13 AsiaPac
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    • 48 16 Company Description MMI Proposing a Bonus Issue on the basis of one (1) new ordinary share of $0.10 each credited as fully paid for tvory one (1) existing ordinary share of $0.10 each held in the Company at a date to be determined by the Directors.
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    • 132 16 Piece Date Time Marco Polo C Sir Stamford 2 Grand Hyatt S'pore S’pore (*****1) Aug 2 12.00pm PanPac Media E 371 Beach Rd Keypoint #03-18 S'pore (*****9) Jul 30 10.00am Powermatic A 135 Joo Seng Rd 806-01 PM Ind Bldg S'pore (*****3) Jul 29 11.00am Lung Kee Metal
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    • 1387 17 UNIT TRUSTS FUNDS July 17,1999 Managers' prices (S$) UNIT TRUSTS Aberdeen twl Mqt Alia ltd Morgen Grenfell (Asia) Limited Aberdeen S'pore Gr Fd 1752 1842 MG Premier Select T/S 0.97 1.02 Aberdeen Select Portfolio MG Asia Premier T!** 1.21 1.26 American Opoort Fd 1.118 1.175 MG Premier Asian Bd Fd**
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    • 566 17  -  Broking houses are holding back their commissions to cover clients’ contra losses »!L LEONG CIIAN TEIK MANY remisiers have been raking in monthly commissions of $30,000 or more of late but few are celebrating. Most are burdened with huge contra losses suffered by their clients
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    • 361 17  -  Oil LEONG CHAN TEIK MILLIONS of dollars invested in warrants have turned worthless in the first half of this year but the outlook is improving for soon-to-expire warrants. Among the latest batch of warrants that expired, nearly half of the combined 103 million warrants of Lim Kah
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    • 267 17  -  By By NARENDRA AGGARWAL IT WAS the slowdown in global electronics demand that pushed Singapore into a recession last year and not the Asian economic crisis as believed widely, a new study has shown. In fact, the economy could have expanded at twice the 1.5 per
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    • 3710 18 Transaction date: July 16,1999 MULTI MDUSTVY 52-Wh Cuff L4lt Vo» Day Or"» Nat M Cap wrt Avg Hkgh LOT Campany Tradad Safe ♦df 000 High Lot Dlv P/I 5 mil 182 84 17.5 25 1*10 -5 696 135 123 10 10.7 215.1 139 c AUlancaTach. 46 •1.5
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    • 1110 19 52-Wk High Low Curr Last Company Tradtd Salt ♦orVol '000 Day High Low Sr's Dlv Not P/C M Cap $mll Wt Avg Prlco MANUFACTURING 218 30 c "ASAuto 10c 169 •7 1514 177 163 10 N 193 177 137 45 C ASJ Hldgs 20c 88 unch 73 88 80
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    • 1529 19 BONDS, LOANS WARRANTS Transaction date: July 16,1999 j 52 Wh High Low Company Last Saio ♦or* Vol 000 Day High Low Laat Quota Suytr Sailor Wt Avg Prlct 104 3 s *Acar W*****1 USS .52 •9 591 63 5 49 52 S3 80 45 s Acm* W*****4 39 5 2
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    • 127 19 (9am, Jul 16) Buying 00 Selling Singapore dollars to one unit o* foreign currency Australian dollar 1.1140 1.1300 Canadian dollar 1.1350 1.1580 Sterling pound 2.6450 2.6730 US dollar 1.6930 1.7040 Singapore dollars to 100 units of foreign currency Austrian schilling 12.46 12.72 Belgian franc 4.250 4.340 Chinese renminbi 19.10
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    • 532 20  -  You don’t take your neighbours to court and then hope they will shake your hands, they tell KL BREND AN PEREIRA l\ KUAI.AI I MPI R OFFICIALS of the Securities Investors Association of Singapore (SIAS) arrived in Kuala Lumpur on Wednesday and made
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    • 377 20  -  By YARENDRA AGGARWAL SINGAPORE maintained the No. 1 position as the world's most competitive economy tiespite the siump iast vear. according to a ran King ny the Geneva- oased World Economic Forum (WEF\ "We continue to mdgc the world’s most competitive economy to be
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    • 310 20 FREE COMPUTER FOR SUBSCRIBERS PACIFIC Internet’s (PacNet) business rivals, Sing Net and CyberWay, on Wednesday brushed aside the Internet service provider’s (ISPI latest gambit of offering free personal computers (PCs) to capture a greater market share. PacNet had on Tuesday announced it was giving
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    • 347 20  -  liy TAMMY TAN SINGAPORE Telecom (SingTel) looks set to spend between $5 billion and $6 billion in overseas acquisitions and future cash pay-outs over the next five to 10 years. This is based on the group’s new medium-term target of a 20 per
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  • Page 21 Advertisements
    • 874 21 The Straits Times Weekly Edition APPOINTMENTS AVITAL ROLE IN MOULDINGTHE NATION’S FUTURE «4 National University of Singapore hounded 1905 The mission of NUS is to excel in teaching and research and contribute to the nation s development. We are preparing talents who will mould the nation s future. To achieve
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  • Page 22 Advertisements
    • 904 22 p < f M Dujf Vision Of 7 hi* future DBS Land, a leading Singapore public-listed property group, is looking for a highly motivated individual to assume the position of: ASSISTANT ASSET MANAGER, PROPERTY FUND INVESTMENT UNIT You are required to evaluate, plan and steer the investment property portfolio to
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  • FORUM
    • 357 23 I REFER to the report “Malaysian Malays are concerned for ‘brothers’ (ST Weekly, July 10) which quoted a reader of the New Straits Times, Ms Azizah Rahmad, as saying she did not think that the 30-minute TV3 documentary on the Istana Kampong Glam would
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    • 241 23 I READ with interest the article “Is protecting the reserves vour job too?” (ST Weekly, Page 14). The concept of reserves is intangible, abstract and, to many, incomprehensible. Singaporeans realise why it is important to continue building up reserves as a safeguard against the proverbial rainy
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    • 340 23 WALKING in the Botanic Gardens, as I often do, I suddenly stopped in my tracks as a tree loomed ahead that was so large and splendid that it took my breath away. 1 discovered that it was called cola gigantea Stercullaceae. It was a West
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    • 284 23 1 REFER to the letters “Who needs computers I don’t” (ST, July 9) by Ms Mary Kogan and “Spore headed for Internet gridlock” (ST, July 7) by Mr Denis Distant. I cannot agree with the writers more, given my own experience in the last weeks
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    • 319 23 THIS page has recently carried several letters on speed limits. The higher the speed of a vehicle, the shorter the reaction time to avoid an accident, the greater the stopping distance, and the greater the likelihood of more severe damage and injuries, and
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  • 551 24  -  More accurate way to calculate GDP and measure financial services' contribution used Bij Bj NARENDRA AGGARWAL SINGAPORE’S economy was harder hit bv the Asian finan- cial crisis than previously thought, and grew by a mere 0.3 per cent last year, instead of the
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  • 543 24  -  Bu) LESLIE k()ll THE Singapore woman ot the 21st centurv wants more recognition ot what she can go ana a bigger roie in the life of the nation anu the Peonies Action Partv and the Government will hau> to move to accommodate her aspirations.
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  • 267 24  -  Bil JOANNE LEE THE humble flu bug costs Singapore about $590 million in lost work days and medical bills a year, an independent study by a private health-care consultancy group has shown. Marc J. Satoru Shahi calculated that influenza
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  • Article, Illustration
    71 24 WONG KWAI CHOW LETHAL WEAPON: The SAF has bought an anti-tank weapon that promises greater accuracy and firepower. The Spike anti-tank guided missile can destroy armoured targets up to 4 km away, twice the range of similar weapons. Its ‘fire-and-forget’ feature allows soldiers to fire and move out
    WONG KW AI CHOW  -  71 words