The Straits Times : Weekly Overseas Edition, 25 September 1999
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1999-09-25
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The Straits Times : Weekly Overseas Edition
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Title Section18 1999-09-25 1 The Straits Times Weekly Edition Saturday Jsefttc#e^is^99 Price: S$ 1.20 (in Singapore) Elsewhere by subscription only MITA 074/08/9918 words
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Article, Illustration231 1999-09-25 1 AN EIGHT-YEAR-OLD boy was rescued from a 12-storey building in Taiwan on Wednesday morning by the Singapore Civil Defence Force (SCDF) team working with Taiwanese earthquake rescuers. A Chinese adult man was also rescued by the SCDF on Wednesday evening. And Singapore Armed Forces (SAF)SCDF - 231 words
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751 1999-09-25 1 LEONG CHAN TEIK - The new rules allow a CPF member to invest only 50 per cent of his investible funds in individual stocks Bu LEONG CHAN TEIK FROM Dec 1, Central Provident Fund (CPF) members can do less investing in individual shares on their own, but will751 words
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Page 1 Advertisements
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Advertisement54 1999-09-25 1 Interview The Council Of Advisers The newly reappointed chairman of the Council of Presidential Advisers, Mr Lim Kim San, speaks about the work of the council. PACES Sports 'Mr Perfect' Quits Star bowler Jack Wong, who has donned the Singapore colours for the last 15 years, quits after differences with54 words
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PRIME NEWS
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552 1999-09-25 2 MARYKWANG - The first foreign statesman to address the Central Party School in Beijing, he says it has now become hard to predict US policy B 'J. MARYKWANG CHINA CORRESPONDENT BEIJING Senior Minister Lee Kuan Yew said on Thursday that East Asia,552 words
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Article, Illustration94 1999-09-25 2 ■a A|||i LIM SIN THAI IS SHI Hlnlf* No, tennis star Martina Hingis has not come to Singapore. It was just her lookalike from the British wax museum, Madame Tussaud’s, these students were posing with at the Nassim Road residence of British High Commissioner Alan Hunt onLIM SIN THAI - 94 words
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Article383 1999-09-25 2 MOVE TO CULTIVATE CIVIL SOCIETY IN LONG RUN THE Government wants to develop more centres of prestige to cultivate a civil society in the long run, so that Singaporeans recognise that there are other key people who play a significant role in the development of the383 words
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231 1999-09-25 2 BEIJING Chinese Premier Zhu Rongji on Thursday invited Senior Minister Lee Kuan Yew to visit China every year to boost exchanges. The Chinese leader also said that China hoped to continue to maintain its good relations with Singapore, according to a spokesman for231 words
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Article647 1999-09-25 3 NARENDRA AGGARWAL - August exports improve for fifth month in a row. It’s due to higher chemicals shipments, improved regional demand, says TDB By By NARENDRA AGGARWAL SINGAPORE’S economy powered ahead in August with the country’s key non-oil domestic exports growing by a healthy 8.5 per cent from a year ago.647 words
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Article, Illustration258 1999-09-25 3 A ‘Sensory treat at Changi Airport MAKE dragon-beard candy or a paper kite or learn how to wear a sari, while waiting for your flight out of Singapore. For the next seven months, passengers at Changi Airport’s transit and departure terminals can look forward to cultural performances, food tasting andCHEW SENC KIM - 258 words
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431 1999-09-25 3 CHUA MUIHOONG - ELDERLY-FRIENDLY TRANSPORT BtL CHUA MUIHOONG EXISTING Mass Rapid Transit stations will be retrofitted with lifts and ramps to make them elderly-friendly, and the Government will pay for this to be done. National Development Minister Mah Bow Tan, who chairs an inter-ministerial committee on431 words
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HOME
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Article476 1999-09-25 4 IRENE NC; and LYDIA LIM - The self-help group approach is best for Singapore given the realities of race here, he says fly IRENE NC and LYDIA LIM THE community self-help group approach works the best for Singapore, given the realities today, said Senior Minister Lee Kuan Yew. The reality476 words
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471 1999-09-25 4 DOMINIC NATHAN - UNDERGROUND POTENTIAL BJL DOMINIC NATHAN LARGE-SCALE oil and gas tank farms can be built underground in caverns in the Jurong industrial area and possibly the offshore islands as well, freeing up land for other uses. A four-year study by the Geotechnical Research Centre at471 words
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Article, Illustration175 1999-09-25 4 WHEN his first baby came in 1989, Mr Edwin Choy was jubilant but anxious. He wondered what kind of a father he would be to his daughter, now 10 years old. He could not look to his own alcoholic fatherALRKRT SIM - 175 words
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Article494 1999-09-25 4 Bit ZACKARIA ABDUL RAHIM - B„ Bit ZACKARIA ABDUL RAHIM THREE 37-year-old men are setting up a body to help young Singapore fathers develop their nurturing skills. Called the Centre for Fathering, it is aimed at raising young fathers’ awareness of the importance of their role in looking after their494 words
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Article, Illustration384 1999-09-25 5 Sworn in before the President, he will chair the Council of Presidential Advisers till 2004 MR LIM Kim San was reappointed chairman of the Council of Presidential Advisers by President S.R. Nathan on Monday. The executive chairman of Singapore Press Holdings wasTAN SCAN ANN - 384 words
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1191 1999-09-25 5 How do the six wise men who make up the Council of Presidential Advisers fit in? For the first time Mr Lim Kim San unveils the work of the council to ZURAIDAH IBRAHIM. COLLECTIVELY, they have almost 300 years' experience in steering big organisations1,191 words
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438 1999-09-25 6 GERALDINE YEO; and WONG FEI WAN - By GERALDINE YEO and WONG FEI WAN SINGAPORE Airlines (SIA) is taking the precaution of cancelling 60 flights and re-timing another 40 flights from Dec 30 to Jan 1, 2000 to avoid any problems that may arise out of the Year 2000438 words
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443 1999-09-25 6 SANDRA DAVIE - Teo Chee Hean signals a possible change in representation of its board of governors and criticises deputies’ decision to retire early *!L SANDRA DAVIE EDUCATION Minister Teo Chee Hean on Thursday signalled that there may be a change in the make-up of The Chinese443 words
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Article, Illustration190 1999-09-25 6 AN ASTRONAUT on board a space shuttle nearly “died" of a heart attack because crew members had treated the person for asthma instead. Fortunately, all was not lost as the incident was merely a simulation that was conducted recently at the International Space CampLIWIIKZAOBAO - 190 words
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Article, Illustration406 1999-09-25 6 CHUA CHIN HON - TRAGEDY ON EXPRESSWAY SLIP ROAD By_ CHUA CHIN HON A MALAYSIAN housewife who was walking about 15 m behind her husband after their motorcycle ran out of fuel along the Kranji Expressway, died when a lorn’ rammed into her. At the time of the406 words
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595 1999-09-25 7 CHUAMUIHOONG - Such flats will allow people to reconfigure the layout according to changing needs as they age Bn CHUAMUIHOONG COMING soon to Punggol Town: HDB flats with movable partitions and walls that allow dwellers to change the flat configuration to their liking. These flexi-flats595 words
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Article, Illustration383 1999-09-25 7 GRACE MA - UIL GRACE MA WHAT STARTED off as just an arts management project led Mrs Mary Ann Arguillas-Chua to the crypt of Sir Stamford Raffles in a little church in Hendon, London. The Filipina, now a Singapore Permanent Resident, was doing research on the London districtPICTURES: CHEW SENG KIM - 383 words
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397 1999-09-25 7 A WOMAN who caned her nine-year old son excessively for being “slow” was fined $l,OOO. The 35-year-old business administrator pleaded guilty last Friday to causing hurt to her son by caning him all over the body. The incident happened on Nov 2 last year,397 words
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Article, Illustration436 1999-09-25 8 CHANG AI-LIEN - This will happen by second half of2ooo, says police commissioner, adding that crime by youth is declining Oil CHANG AI-LIEN THERE will be at least one teacher-cop in each of the 157 secondary schools here by the second half of next year. Police CommissionerMAMIFZAOBAO - 436 words
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192 1999-09-25 8 ELENA CHONG - By ELENA CHONG A SOCCER club team manager, who had been investigated for a bribery offence since 1996, was cleared last Friday of offering money to a friend to exonerate his brother of a bur- glary offence. Vengadasalam Rengayvan, 39, of the Woodlands Wellington192 words
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Page 8 Miscellaneous
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Miscellaneous1062 1999-09-25 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 Word1,062 words
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SPORTS
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Article, Illustration652 1999-09-25 9 S. MLRALI - ‘Mr Perfect’ admits he does not see eye-to-eye with national head coach Goran Bergendorff TIMESPORT BOWLING EXCLUSIVE Bu S. MLRALI STAR bowler Jack Wong has quit from the national team. In an exclusive interview with Timesport, "Mr Perfect” revealed that he no longer wanted652 words
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Article, Illustration710 1999-09-25 9 GODFREY ROBERT - GRANDFATHER OF SINGAPORE SWIMMING St GODFREY ROBERT A SINGAPORE sports institution crumbled on Sunday morning. With that, no more will we hear the roar at swimming meets. No more will we meet his imposing presence at aquatic functions. No more will we enjoy his esteemed company710 words
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MALAYSIA
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Article, Illustration732 1999-09-25 10 BRENDAN PEREIRA - Arrests carried out ahead of a planned protest to mark first anniversary of Anwar’s arrest BRENDAN PEREIRA IN KUALA LUMPUR MALAYSIAN police cast a dragnet and arrested four opposition leaders ahead of a planned protest which did not occur on Monday night, the firstTHESIS - 732 words
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531 1999-09-25 10 Reuters, Bloomberg News KUALA LUMPUR Malaysia on Tuesday imposed a flat 10 per cent capital gains tax on stock investments by foreign money managers, replacing its unpopular two-tier exit levy that favoured long-term investors. Before, capital gains taken out of theReuters,; Bloomberg News - 531 words
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271 1999-09-25 10 AFP, Sunday Star/Asia News Network KUALA LUMPUR Malaysia has opened itself up as a retirement haven to pensioners from around the world, relaxing requirements of an earlier scheme which had only targeted the Europeans and Japanese. According to reports on Sunday, Deputy– AFP,; Sunday Star/Asia News Network - 271 words
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SOUTH-EAST ASIA
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Article, Illustration691 1999-09-25 11 SUSAN SIM - He explains policy to parliament as more Aussie-led international peacekeepers arrive in territory By SUSAN SIM INDONESIA CORRESPONDENT JAKARTA President B.J. Habibie, defending his policy on East Timor before an unsympathetic Parliament on Tuesday, urged Indonesians to accept and honour the desire of East TimoreseAFP - 691 words
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354 1999-09-25 11 MANILA Foreign embassies are giving the Philippines a bad name by issuing travel advisories through the Internet portraying the country in a bad light, an official said. Foreign Affairs assistant secretary Francis Ebdalin highlighted the advisories put up by the British and US embassies. “For354 words
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543 1999-09-25 11 DERWIN PEREIRA - BY DERWIN PEREIRA INJAKARTA THE Indonesian defence force (TNI) is looking at ways to expand defence links with its Asian neighbours, including China, following the souring of ties with Australia once one of its closest military co-opera-tion partners. Castigating Canberra in the543 words
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COMMENTARY
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Article579 1999-09-25 12 THURSPAY SEPTEMBER 23,1999 THE changes to the Central Provident Fund Investment Scheme announced by Deputy Prime Minister Lee Hsien Loong last week fine-tune the balance struck in the scheme itself, between securing CPF savings for retirement needs and giving members a chance to earn higher returns than579 words
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Article602 1999-09-25 12 FRIDAY SEPTEMBER 17,1999 FAR more people than the principal and staff of Jin Tai Secondary school, where a national education exercise went awry in February, will be relieved that heads did not roll after the affair. Singaporeans generally will appreciate the metaphorical point that decapitation is not a602 words
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Article, Illustration1010 1999-09-25 12 CHUA LEE HOONG - SECOND LAST WORD CHUA LEE HOONG THE question was bound to make people sit up. In a column in The New Paper on Monday, my colleague Mafoot Simon expressed his thoughts on the issue of Malays in Singapore. Along the way, he mused: “I1,010 words
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Article, Illustration788 1999-09-25 13 SUSAN SIM - SUSAN SIM INDONESIA CORRESPONDENT JAKARTA Was President B.J. Habibie signifying that he had every intention of pressing ahead with his presidential campaign or merely saying a fond farewell to legislators in their first and last summons to him to appear before them onNOEL KOSAI.ES - 788 words
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1218 1999-09-25 13 CHUA MUI HOONC - MY VIEW By CHUA MUI HOONC A KIND of out-of-bound marker for the political process was set recently when Prime Minister Goh Chok Tong made it clear there were limits to how much those who were not elected MPs could contribute. “Meaningful political participation must1,218 words
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INSIGHT
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Article, Illustration1737 1999-09-25 14 The spotlight is now on pre-school education. Should it be geared toivards preparing a child for Primary 1, or focus on developing a child's creativity and character? M. NIRMALA examines the shift in thinking. THROUGH her two children, Mrs Grace Heng, 38, discovered that thereNOEL ROSALES - 1,737 words
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1112 1999-09-25 15 HANFOOK KWANG - THINKING ALOUD fly HANFOOK KWANG HANDS up, those of you who remember the Government’s agenda set out by the President when he opened Singapore’s ninth Parliament in 1997I’m afraid I would have to keep mine firmly down, as would many others, I suspect. Blame the1,112 words
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1191 1999-09-25 15 CHUA LEE HOONG - LAST WEEK IN POLITICS fly CHUA LEE HOONG UNITED Nations peacekeeping troops led by Australian Major-Gener-al Peter Cosgrove have begun landing in Dili, but far from bringing the crisis nearer a resolution, the possibility of it escalating looms. It is not with1,191 words
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MONEY
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386 1999-09-25 16 IT WAS all the way downhill this week for Singapore shares as the Dow Jones tumbled on fears of a hike in US interest rates, a record US trade deficit and a weakening US dollar. The blue-chip Straits Times Index (STI) dived 112.93386 words
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Article80 1999-09-25 16 Straits Times Index TIm Straits Timas Index droppad 112.93 points on tho wook to 2,019.39. DAY CLOSE TURNOVER Monday 2,122.93 (-9.01) 382.6 m ($588.12m) Tuesday 2,109.04 (-13.69) 179.6m ($479.63m) Wednesday 2,067.66 (-41.38) 316.4 m ($602.8m) Thursday 2,068.40 (*0.74) 222.9 m ($423.6m) Friday 2,019.39 (-49.39) 254.3 m ($541.8m)80 words
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Article2819 1999-09-25 16 Company Dat« •nn Net earn TY IY (Sm) <$m> EPS TY LV (cts) (eta) Armstrong Sep 23 1 0.835 0.9381 0.42 0.5L ASA Sep 16 1 4.937 3.752 322 2.88 ASJ Sep 13 1 3.407 2.821 3.79 3.13 Advanced Sys Jun 23 F 14.0931 12.004 121 10.6 Acer2,819 words
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Article1543 1999-09-25 17 UNIT TRUSTS FUNDS Sept 25,1999 Managers' prices (S$) UNIT TRUSTS Aberdeen Asset Mfl Alia ltd Aberdeen S pore GrFd 1.760 1.850 Abardten Select Portfolio American Opport Fd 1.016 1.067 Continental Euro Eqty Fd 1.034 1.087 Japan Eqty Fd 1488 1.563 Asian Fixed income Fd 0.970 1.000 Pacific Equity Fd!** 1.1491,543 words
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447 1999-09-25 17 RAVIVELLOOR - Swissair dumps eight million shares for cashflow reasons; SIA takes the pounding coolly Oil RAVIVELLOOR SWISSAIR said on Wednesday that its divestment of eight million Singapore Airline shares which ruffled the stock market here was prompted by a need to balance its447 words
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Article559 1999-09-25 17 MARY KWANG - By MARY KWANG CHINA CORRESPONDENT SUZHOU The SingaporeChina Suzhou Industrial Park (SIP) is anticipated to chalk up accumulated losses of US$9O million (Sslsl million) by the end of next year. However, Singapore and Chinese leaders who oversee the development of the gov-emment-to-government joint venture559 words
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Article261 1999-09-25 17 TAMMY TAN - 5sL TAMMY TAN SEMBCORP Industries (SCI) has sold off pastry chain Delifrance Asia finally, raking in gross proceeds of $158.1 million. The sale of the chain to Cafe Holdings, a “special-pur-pose company” incorporated in the British Virgin Islands by Prudential Asset Management Asia, valued Delifrance shares at261 words
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Article3370 1999-09-25 18 Transaction date: Sept 24,1999 MULTI INDUSTRY 52-Wk Curr List Vol Dey Cr’f Nt MCep WtAvg High Low Company Traded Sale ♦or000 Hlg Low Oiv P/E $mil Prlct 182 117 120 116 10 9.5 191.9 118 84 25 c Alliance Tech 11.5 s Asia FoodSProp US 40 os3,370 words
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Article1090 1999-09-25 19 52-Wh High Low Curr Last Company Tradad Salt ♦orvol 000 Day High Low Cr'» Div Nat P/E M Cap $mil Wt Avg Prlc# MANUFACTURING 218 61 c AS Auto 10c 166 cd unch 237 166 160 10 N 189.5 166 137 45 c ASJ Hldgs 20c 87 3.8 14.31,090 words
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Article1374 1999-09-25 19 BONDS, LOANS WARRANTS Transaction date: Sept 24,1999 52-Wk High Low Company Last Salt ♦or* Vol '000 Doy High LOW Last Quote Buyer Seller Wt Avg Prlco 104 3 I A Acer W*****1 US$ 37 •2.5 91 38 37 36.5 37.5 •0 4.5 s Acme W*****4 33 •0.5 21 33 331,374 words
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Article145 1999-09-25 19 (9am, Sept 24) Buying 00 Selling Singapore dollars to one unit of foreign currency Austraiiandoiiar 1.1020 1.1180 Canadian dona' 1.1520 1.1760 NZ dollar 0.8760 0.8950 Sterling pound 2.8070 2.8370 US dollar 1.7080 1.7200 Singapore dollars to 100 units of foreign currency Austrian schilling 12.95 13.23 Belgian franc 4.420 4.520145 words
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CHANGES TO THE FINANCE INDUSTRY
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494 1999-09-25 20 LEONG CHAN TEIK - A short-term investment outlook and under-priced initial public offerings ‘increase risk of speculative bubble’ By LEONG CHAN TEIK DEPUTY Prime Minister Lee Hsien Ixxmg warned last Saturday that short-term investment considerations could lead to a speculative bubble in the stock market. Companies494 words
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Article, Illustration254 1999-09-25 20 MR J.Y. Pillay has been named the chairman of the new Singapore Exchange, which will be formed following the merger of the Stock Exchange of Singapore and the Singapore International Monetary Exchange. At the moment, he heads the pro-tem committee overseeing the merger of254 words
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330 1999-09-25 20 THE Government will make changes in the law to allow for civil remedy in cases of insider dealing. It will introduce provisions in the Securities Industry Act to allow recovery of civil damages and penalties without having to first secure a criminal conviction330 words
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445 1999-09-25 20 LEONG CHAN TEIK - By LEONG CHAN TEIK MOST of the CPF-approved unit trusts here have been offering returns higher than the CPF interest rate, with one fund making about 155 per cent in three years. Seventeen out of 22, or 77 per cent,445 words
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Page 19 Advertisements
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Advertisement17 1999-09-25 19 Buy It. Sell It. Find It. Classified. A Jiia VA CAT.S. Call Today For Results Tomorrow. 1800-737-116617 words
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Page 21 Advertisements
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Advertisement886 1999-09-25 21 The Straits Times Weekly Edition APPOINTMENTS WMU\a Moving You Ahead Singapore MRT ltd invitee applications for: ARCHITECTURAL OFFICER You will provide architectural support and oversee the design, upgrading, retrofitting/facelifting programme for the stations, depots, office, club house finishes and furnishes Main duties include: Carry out periodic condition survey of the886 words
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Page 22 Advertisements
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Advertisement1118 1999-09-25 22 NATIONAL LIBRARY BOARD The vision of the National Library Board (NLB) is to deliver a world class library system which is convenient, accessible and useful to the people of our nation. Since its inauguration on I September 1995, NLB has transformed library services in Singapore to embrace the Information Age1,118 words
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FORUM
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782 1999-09-25 23 I REFER to the article “Renaissance City plan due by year-end” by Irene Ng (ST Weekly, Sept 18). It is somewhat ironic and yet typical that Singapore is attempting to generate a Renaissance City of artistic awareness artificially. The intention is certainly applaudable782 words
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Article, Illustration444 1999-09-25 23 THE editorial, Cultural slumming (ST Weekly, Sept 18), seems to suggest that those who comment on the use of Singlish are promoting it to the detriment of the English language. It is rather unfortunate that they are also accused of contributing to cultural444 words
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Article603 1999-09-25 23 WRITER Chua Lee Hoong got me wrong in her column, “Will the PAP become obsolete?” (ST Weekly, Sept 18), when she wrote, “Mr Chiam See Tong this week said the Government should ensure that there are 40 to 50 per cent opposition MPs in Parliament...” I did603 words
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Article740 1999-09-25 24 fly IRENE NC; LYDIA LIM - Singapore must avoid bringing about change that can make the political system collapse, he says By fly IRENE NC and LYDIA LIM THE political out-of-bound markers will change as society develops, but Singapore must avoid bringing about change that can make the system collapse, said740 words
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Article, Illustration437 1999-09-25 24 TUMINAH SAPAWI - 5 GET YOUNG ARTIST AWARD Bjl TUMINAH SAPAWI FORGET credit cards. Self-taught writer Abdul Ghani Abdul Hamid never leaves home without a piece of paper in his top left shirt pocket. On these scraps, he jots down little things that catch his attention when heT V\ SCAN AW - 437 words