The Straits Times : Weekly Overseas Edition, 2 October 1999

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Total Pages: 24
1 24 The Straits Times : Weekly Overseas Edition
  • 19 1 The Straits Times Weekly Edition Saturday October 2,1999 Price: S$ 1.20 (in Singapore) Elsewhere by subscription only JVfITPA 074/08/99
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  • 545 1  -  The Government will decide on figure in November; rates will be adjusted in first half of 2000 Bu AHMAD OSMAN THE Government has given a ballpark figure of a 2 percentage point restoration of employers’ Central Provident Fund (CPF) contributions for workers in the
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  • 289 1  -  SECOND ACCIDENT IN 3 MONTHS Bu_ CHONG CHEE KIN TWO workers died and four others were hurt when metal scaffolding collapsed early on Tuesday at the Paya Übi Industrial Park. This is the second accident in three months at the site, which is
    JOSE RAYMOND  -  289 words
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  • PRIME NEWS
    • 800 2  -  He sa) r s Asean should accelerate initiatives, like Afta, and warns against back-tracking on them By RAVI VELLOOR PRIME Minister Goh Chok Tong warned Asean on Thursday against back-tracking on ongoing initiatives, such as the Asean Free Trade Area and the Asean
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    • 507 2  -  FOR TAX EVASION Bu_ KAREN WONG PROPERTY tycoon Chng Gim Huat was sentenced on Wednesday to four months' jail and ordered to pay a penalty of 5i.064 million for tax evasion. The penalty is three times the amount of tax he owed the Inland
      M.BKHTMM  -  507 words
    • 100 2 IN THE biggest tax evasion case here, a group of companies had to pav penalties and taxes totalling 552 million this vear. It was compounded as the group made full disclosure. The Iras spokesman said that tax and penalties collected from tax evaders had gone
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    • 174 2 AN ELECTRONIC-com-merce company was taken to court on Thursday for allegedly contravening the Companies Act by offering to the public an interest in the company. SBBB.com (S) Pte Ltd allegedly did this between May 18 and July 31 though it is not a public company. SBBB.com chairman
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    • 714 3  -  SM is ready for ‘heart to heart’ talks with Malay-Muslim groups, but it must be ‘adult to adult’ B,y MARY KWANG CHINA CORRESPONDENT BEIJING Senior Minister Lee Kuan Yew said on Thursday that checks would be carried out on any person, even if
      I lAMIK7.AOHAQ  -  714 words
    • 567 3  -  By MARY KWANG CHINA CORRESPONDENT SHANGHAI China can become a modern, confident and responsible country by the year 2050 if it stays on its present course of focusing on education and economic development, Senior Minister Lee Kuan Y’evv said on Wednesday. By then,
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    • 292 3  -  By LEE SIEW HL A US CORRESPONDENT WASHINGTON Singapore’s development experience is highly relevant to the World Bank’s recipient-nations in Asia and beyond, and the agency will tap the island’s knowledge base. World Bank president James Wolfensohn made this point when he inked a
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  • HOME
    • 435 4 Employees given share options are well-paid and satisfied, despite the long hours they put in THE clear divide between workers and employers is breaking down, as more workers receive share options and become stakeholders in their firms, said Deputy Prime Minister Lee Hsien Loong. Such
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    • 484 4  -  NEW FACE NO. 1 Ht/ SANDRA DAVIE SUPER principal Koh Yong Chiah will take over as head of The Chinese High and the school’s two deputies, who had earlier asked for early retirement. have decided to stay on. Mr Koh, 45, who now
      AZIZIUVSIN  -  484 words
    • 335 4  -  NEW MAN NO. 2 Hu LYDIA LIM THE Singapore International Foundation plans to increase its level of engagement with overseas Singaporeans by involving them more in policy discussions. Outling his vision for the non-profit organisation, the new executive director, Dr Tan Chi Chiu, 39,
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    • 347 4  -  *L M. N IRMA LA GRADUATE students at the National University of Singapore’s (NUS) arts and social science faculty can do part of their PhD studies at a top French university, the University of Paris-Sorbonne. Their work will be supervised jointly and they will get
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    • 799 5 Liang Po Po gives wrong idea of the aged, minister says. He urges Singaporeans to adopt positive attitudes towards the elderly LIANG Po Po (right) is not just old she is old-fashioned. Such an image of an elderly person in Singapore does not square with
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    • 365 5  -  S'PORE DOCTOR FINDS PROOF By WENDYTAN A NEW disease affecting the joints has been discovered by a doctor here. Dr Tay Chong Hai, a rheumatologist in private practice, identified it as eosinophilic arthritis. He has treated the disease in 10 patients, nine of them women, over
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    • 219 5  -  *!L LIM SENG JIN A FORMER Supreme Court judge and ambassador died of old age in his home on Tuesday night. Mr A.P. Rajah, 88, was not suffering from any chronic illnesses. His son, Senior Counsel Chelva R. Rajah, 50, who lives with him in
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    • 506 6  -  Two lose licence, one for forgery, the other for lying to authorities; third barred from practising for 3 years for ‘improper conduct’ Oil LIM SENG Jl\ TWO lawyers lost their licence to practise yesterday one for forging a High Court order, the other for lying in
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    • 548 6 PEOPLE here have been getting bigger, so the Land Transport Authority (LTA) has widened the seats in the new Mass Rapid Transit (MRT) train carriages. The seats are now 48 ems wide about 5 ems wider than before, said Mr ChewTai Chong, the LTA's director,
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    • 344 6 FROM Monday, motorists need not pay to use the AYE and the PIE when heading east in the direction of Changi from 9 am. It will also cost up to 50 cents less to travel on both roads and in the Restricted Zone,
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    • 403 6  -  Oil KRIST 800 RADIO Heart deejay Yap Yoong Mui (left) endured the stalking of an infatuated fan for over tw’o years, a district court heard on Monday. And even after making several police reports, she could not stop the man from
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    • 603 7  -  Team will send updates, pictures home via satellite phones, digital cameras, portable PCs Bu CHUA CHIN HON WHEN Singapore’s Antarctica expedition starts next month, Singaporeans at home may be able to follow their exploits on television or the Internet. The team
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    • 90 7 NEW HOME FOR CHAPEL: The Changi Prison chapel and museum will move to a new home at Upper Changi Road North. It will be deconsecrated for the move and reconsecrated at the new site, 1 km away from the present prison. The new prison complex, to
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    • 303 7 MORE companies have applied for halal certificates so that they can expand their business by selling food to Muslim consumers. Muis, the Islamic Religious Council of Singapore, said the number of halal certificates which it issues has been increasing over the last two years. In the
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    • 259 7 BUILDINGS in Singapore cannot be taller than 280 m. This and other nuggets of information can be found in the Singapore infomap, a website created for children. It presents information on Singapore’s history, geography, values and national symbols in simple English and colourful graphics
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    • 214 8 THE Workers’ Party has launched a public appeal for funds to save party chief J.B. Jeyaretnam from becoming a bankrupt and losing his seat in Parliament. The party was found guilty of defaming 10 members of a committee that organised the Tamil Language
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    • 391 8 Nearly 600 waiting for one today. About 2,400 on dialysis, but not all qualify for a transplant SINGAPORE is poised for the I,oooth kidney transplant, slightly over 30 years since the programme started. “I hope w r e do not have to wait as long to
      Photo: CHEW SENC KIM  -  391 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
    • 504 9  -  HORSE RACING UIL GODFREY ROBERT EVEN the best-laid plans can go awry. Consoling words those, from some of the 24,000 racegoers who went to Kranji last Sunday. And what they witnessed was a perfect evening for night racing without the problems of the
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    • 878 9  -  A first-ever ranking of the country's 50 best athletes picked for their athletic feats, buzz they created and more BtL YAP KOON HONG FOR the next 12 weeks, The Straits Times Overseas Weekly will feature the best athletes who have captured Singaporean hearts and minds, unveiling Singapore’s
      CHOO BEE YIAN and S MI RALI  -  878 words

  • MALAYSIA
    • 585 10  -  Feedback to the ruling coalition shows 90 per cent of its members are ready. Reports predict 55 per cent win in 140 constituencies BRENDAN PEREIRA IN KUALA LUMPUR PRIME Minister Mahathir Mohamad is keeping mum about the election date, but National Front party
      BKRNAMA  -  585 words
    • 370 10  -  Brendan Pereira A POTENTIAL spat between the National Front and influential Chinese clan associations and guilds over an election wish list was averted after both sides cut out the tough talking in public and met for an hour behind closed doors. Three Chinese-based parties in the coalition
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    • 497 10 SHARMA LOSES CASE Bernama KUALA LUMPUR Former TV newscaster Sharma Kumari Shukla was ordered by the High Court here on Thursday to pay RMI million (*****.000) in damages to businessman Abdullah Hishan Hashim for breach of promise to marry. Justice R.K. Nathan, in his 34-page written
      Bernama  -  497 words

  • SOUTH-EAST ASIA
    • 493 11  -  Tussle begins on how soon to elect new president after 630 MPR members are sworn in Bu SUSAN SIM INDON ESIA CORRESPONDENT JAKARTA Indonesia's most democraticailv-eiected legislature was installed yesterday and quickly got down to a tussle over how soon it should elect a
      REUTERS  -  493 words
    • 223 11 BANGKOK New guidelines on teaching licences will send some 120,000 Thai teachers back to school to earn their bachelor s degree in education. The guidelines, to be enforced in 2002. will require teachers to further their studies within five years. Professor Somw'ang Pipitthayanuwat
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    • 561 11  -  By EDWARD TANG THAILAND CORRESPONDENT BANGKOK Thai leaders came out in full force on Thursday to defend their decision to send peacekeeping troops to East Timor, amid mounting criticisms at home. And as the first batch of 300 soldiers prepared to depart
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    • 123 11 -AFP CHRISTCHURCH (New Zealand) A son of former Indonesian President Suharto has sold a luxury Southern Alps retreat to a Singaporean partner for NZ$l (88 Singapore cents), reports here said. Lilybank. a sheep station and luxury lodge, once had a reported value of NZ$lO million. Documents
      -AFP  -  123 words

  • COMMENTARY
    • 593 12 MONDAY SEPT 27,1999 THE violent protests in Jakarta and elsewhere that have greeted the passage of Indonesia's new security law are an expression of the timeless tussle between the demands of law and order and those of civil and political liberties. Both goals are justified. and they must
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    • 622 12 FRIDAY OCT 1,1999 CELEBRATING the 50th anniversary of any event in a country whose history stretches back 5,000 years is a trifle absurd. What is 50 years of the People's Republic of China compared to a historical record as old as the very idea of civilisation itself?
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    • Too scared too think?
      • Article, Illustration
        1474 12 Singaporeans are too frightened to think, says Dutch writer lan Bumma, a long-time critic of the country. He says this in his 13-page review, jmblished in the June 10 issue of the New York Review of Books, of The Singapore Story ’by Lee Kuan Yew and ‘Can Asians Think
        THF INDKPF.NDF VT  -  1,474 words
      • 822 12 lAN Buruma s negative review of Lee Kuan Yew s book and mine (‘The Man Who Would Be King”, NYR, June 10) was predictable. The pity is that NYR readers were deprived of an opportunity to learn the real story of Singapores early development: that of an underdog surviving
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      • 256 13 SINGAPOREANS can be justly proud of their economic achievements. I never said otherwise in my article about Lee Kuan Yew and the struggle for Singapore sindependence. Since Mr Mahbubani has no factual criticisms to make of my review of
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  • INSIGHT
    • 1668 14 The controversy over Kubrick’s film ‘Eyes Wide Shut has rekindled the issue of censorship here. Is there a need to review censorship laws as Singapore strives to be a Renaissance Citu and an information economy? SUSAN LUNG revisits a perennial problem. EVERY night before
      NOEL ROSAI.ES  -  1,668 words
    • 1347 15  -  THINKING ALOUD By f ZLRAIDAII IBRAHIM I WROTE a letter to Enid Blyton when I was nine, asking her if she could write about the Famous Five visiting Singapore and having an adventure here. Nobody replied, of course. Except for that one
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    • 994 15  -  LAST WEEK IN POLITICS CIII A LEE lIOONG INDONESIA is a land of mythic proportions. The sprawling archipelago comprises some 17,000 islands and is home to 200 million people. International media reports often describe it as “the fourth most populous nation”. It is also a
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  • MONEY
    • 358 16  -  LeongChanTeik THE Singapore share market appears to be on the mend, although one that is happening cautiously. After falling below the 2,000-point level on Monday, the Straits Times Index rebounded to close the week up 32.25 points to 2,051.26. Concerns over a possible
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    • 83 16 Straits Times Index The Straits Timas Index rose 32.25 points on the week to 2,051.26. DAY CLOSE TURNOVER Monday 1,990.38 (-28.63) 267.1m ($400.5 m) Tuesday 2,024.44 <♦ 34.06) 339.4 m ($755 m) Wednesday 2,017.57 (-6.87) 209.1 m ($346.2m) Thursday 2,021.93 (♦4.36) 197.7 m ($356.6m) Friday 2,051.26 29.33)
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    • 1831 16 Company Oat* *nn Net earn TY LY <$m) <$m> EPS TY LY (cts) lets) ABR Hldgs Sep 30 1 0.491 0 675 0.26 0.58 Armstrong Sep 23 1 0.835 0.938L 0.42 0.5L ASA Sep 16 1 4.937 3.752 3.22 2 88 ASJ Sep 13 1 3.407 2821 3.79
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    • 164 16 BONUS ISSUE ElBooks Acc 6 Company Ratio data data Paymt WahShlng ono-for-flvo Sap 28 Oct 5 Burwlll ona-for-tan Oct 7 RIGHTS ISSUE ExBooks Acc 6 Company Ratio data doso Paymt Koh Bros Ranouncaabla rights ISSUO of up to 47.9m warrants on tho basis of 1 warrant for ovary
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    • 49 16 Company Description ipco capital reduction to reduce nominal value of each share In tha Issued and paid -up share capital from $1.70 to $0.20 Inno-Pic Proposed Issue of 30,700,000 New Ord Shares of S$0.50 each In the capital of L&M Grp Inv Ltd to Jlng Chul Ltd.
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    • 115 16 Place Date Time Robinson A Hotel Phoenis Phoenix Garden Room Basement Level 277 Orchard Rd S'pore (*****8) Oct 22 11.00am Leonq Hln E 17 Gul Way Jurong S'pore (*****4) Oct 12 9.30am Stamford Tyros 21 lok Vang Way S’pore (*****6) Oct 12 4.00pm Cosco E 143 Cedi St
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    • 639 16 Payment Ex Books Pay lets) data dose data Acma 50c 1 1.25 Oct 27 Nov 3 Nov 17 Alai Hidgs 50c b 1.5 Sap 15 Sop 22 Oct 6 Amtek Hidgt 20c r 0.8TE Nov 24 Dacl Dec 10 Auric Pacinc 50c i 2 Oct 6 Oct 13
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    • 1553 17 UNIT TRUSTS FUNDS Oct 2,1999 Managers' prices (S$) UNIT TRUSTS Akerdee* Asset Mgt Aim Ltd Aberdeen Select Portfolio: Global Technology Fd!** 1.000 UK Blue Chip Fd!** 1.000 American Opport Fd 0.982 1.032 Continental Euro Eqty Fd 1.025 1.077 Japan EqtyFdl** 1.495 1.570 Asian Fixed Income Fd 0.968 0.998 Pacific Equity
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    • 508 17  -  Six new sectors will feature in the calculation for this year’s third-quarter economic survey Hi, NARENDRA AGGARWAL THE tracking and measuring of Singapore's economic numbers will be revised and expanded to reflect better the nation’s move towards a service-based economy. Under this, the gross domestic product (GDP)
      Source: Of PARTMfNT Of STATISTICS; C CHANORADAS  -  508 words
    • 432 17  -  Hit DENNIS CHAN THE gravy' train is back in town for most Singapore listed companies which reported their results. Nearly nine in every 10 made profits in the halfyear to June when the interim reporting season drew to a close on Thursday. Only 27
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    • 3873 18 Transaction date: Oct 1,1999 MULTI INDUSTRY S2-Wk Vol Day Cr's Ntt M Cap Wt Avg Hlqh Low Company Traded Sal# ♦or'000 High Lew Dlv P/E Smli Price r 245 1]Q_ 1QZ 10 8.9 ,11 W c Alliance Tech S Asia Food&Prop USS 40.5 US48 ♦3.5 unch 6220
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    • 1082 19 52-Wk High Low Curr Last Company T rapid Sal* ♦orVol '000 Day High Low Cr's Dlv Net P It M Cap $mll Wt Avq Price MANUFACTURING 218 61 c AS Auto 10c 167 xd -6 33 170 164 10 N 190.7 167 137 45 c ASJ Hidqs 20c 87.5
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    • 1477 19 BONDS, LOANS WARRANTS Transaction date: Oct 1,1999 52-Wk High Low Company Last Salo ♦orVol '000 Day High Low Last Ouota Buyor Sailor 104 3 t *Acor W*****1USS 36 ♦1 34 36 35.5 36 37.5 80 4.5 s Acma W*****4 29 unch 125 29.5 29 29 29.5 30 59 16 s
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    • 138 19 (9am, Oct 1) Buying OD Selling Singapore dollars to one unit ot foreign currency Australian dollar 1.0980 1.1130 Canadian dollar 1.1460 1.1700 N2 dollar 0.8710 0.8890 Sterling pound 2.7840 2.8130 1.6940 1.7050 Singapore dollars to 100 units of foreign currency Austrian schilling 13.05 13.32 Belgian franc 4.450 4.550 Chinas#
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    • 290 20  -  Venture between SembCorp unit and French group is to build and run sth incineration plant here sil TAMMY TAN SEMBCORP Industries (SCI) is partnering Europe’s largest waste management company, Sita, to bid between $6OO million and $BOO million for Singapore’s fifth incineration plant. That undertaking
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    • 398 20  -  btl TAMMY TAN PAGERS are passe. The mobile phone is the “in" thing. For the first time since it made its debut in 1988, the handset has won favour with more users than the pager. Sources said that mobile phone “penetration” surpassed that of
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    • 218 20 SIA share price recovers with 20 gain SINGAPORE Airlines (SIA) shares rose 20 cents on Wednesday to $16.30 following the successful placement of the tranche held previously by America’s Delta Air Lines. Its price rise bucked the market trend on a day when the Straits Times Index fell 6.87 points.
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    • 377 20  -  bjl TEO PAL LIN FORMER Permanent Secretary of the Ministry of Community Development, Mr Er Kwong Wah, has scored a goal with his first entrepreneurial venture. His new company has been taken up by Sesdaq-listed entertainment giant Cathay Organisation Holdings. The established cinema and
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    • 273 20 DBS BANK shut down its New York office on Wednesday because a presence in the city is not critical or of strategic importance to its operations. With the closure, its entire US operations will be handled from its Los Angeles branch which wall be its
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  • Page 21 Advertisements
    • 801 21 The Straits Times Weekly Edition APPOINTMENTS I SI A Properties (Pte) Ltd, a wholly-owned subsidiary of Singapore Airlines, invites applications for the position of: PROJECTS MANAGER The successful candidate is required to be responsible for the management of the SIA Group building projects. This would involve, among other things, feasibility
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  • Page 22 Advertisements
    • 1686 22 pa Tt:*./ a:r U E W'\ «X* ‘-sL; hi t'WSA.SB»- Nk* 8» fl 1 v-a;'; j;" "O v f"XT > 1> 8 i iif -r HSSJ a ?j 1 -J u.v »M mn 2:2 11 ill L m if You Are f OJ?- Z% I! L iX til 3 VU
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  • FORUM
    • 366 23 I REFER to the letter “Pupils should focus on studies” (ST, Sept 29) by Mrs Lim Soon Tze of the Ministry of Education. I am an old bov of Chinese High School and have been following the boardroom squabbles and sudden retirement of the
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    • 341 23 IN A country where full-time parenting especially if the homemaker-parent is highlyeducated is construed as non-productive by some, it was indeed heartening to read Mr Edmund ‘Top-notch parents beat even the best pre-schools” (ST, Sept 23), reminding us of the all-important role parents are supposed
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    • 346 23 THE Straits Times recently carried an article, “This image of elderly outdated" (Sept 25). The statistics quoted in it used 65 vears to define “elderly’'. Are people over 65 years really no longer as able? When the word “elderly" is used, we often conjure up
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    • 553 23 WE WRITE in response to recent statements by the Government on the need for a strong civil society. We believe that civil society groups in Singapore should take up the call for active citizenship by increasing their visibility and working in concert with one another.
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  • 294 24  -  By MARY KWANG CHINA CORRESPONDENT BEIJING The Hong Leong group is studying the development of a low-rise business park in the Chinese capital to provide office and warehousing facilities to companies. Mr Gan Khai Choon. managing director of Hong Leong International (Hongkong), a
    LIASHE Z.AOBAO  -  294 words
  • 571 24  -  ELECTRONICS, CHEMICALS BOOST OUTPUT T 018.3% By By NARENDRA AGGARWAL SINGAPORE’S economy continues to be on a strong rebound with the vital manufacturing output growing bv a robust 18.3 per cent in August from a year ago. Manufacturing activity was boosted by a surge in production of
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  • 646 24  -  Speaking to Singapore and local officials, SM Lee urges China to find the best men to run the SIP MARY KWANG CHINA CORRESPONDENT SUZHOU The Singapore and Chinese teams in the Suzhou Industrial Park (SIP) must cooperate fully to allow a smooth handover on Jan
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