The Straits Times : Weekly Overseas Edition, 6 November 1999

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Total Pages: 24
1 24 The Straits Times : Weekly Overseas Edition
  • 18 1 The Straits Times Weekly Edition Saturday November 6,1999 Price: S$ 1.20 (in Singapore) Elsewhere by subscription only MW)yfl74/08/9»<
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  • 859 1  -  Public sector pay will be revised and components of salaries will be restructured, says BG Lee By IRENE NG IN WASHINGTON l)C CIVIL servants are due for a year-end bonus and a nice pay rise. "Quite a significant adjustment” is likely to be
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  • 105 1 DESTINATION SOUTH POLE I Four adventurers from Singapore’s Antarctica 2000 team set out on a long and arduous 1,100 km joumev to the South Pole yesterday. They trekked for three hours and covered about 7.3 km on the first day before breaking camp. Everest hero Khoo Swee
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  • PRIME
    • 523 2  -  But the Islamic religious schools may have to adjust their teaching hours if education is made compulsory, says PM Goh '±L AHM AD OSMAN THE Government has no intention of closing the Islamic religious schools, but these madrasahs may have to adjust their teaching hours
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    • 264 2 RECENTLY, at a polytechnic, a Malay employee complained that someone had put a lx>\vl and a pair of chopsticks into a container of crockery for Muslim food stalls. Said Prime Minister Goh Chok Tong: “'This created a controversy. giving rise to
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    • 160 2 JOSE RAYMOND NO EXCUSES WITH A TRAFFIC WARDEN! A team of 27 Cisco officers hit the streets early this week as a new scheme to crack down on illegal parking took effect. Acting as traffic wardens, they patrolled 38 areas where illegal parking is
      JOSI HAYVIOM)  -  160 words
    • 358 2 THERE are advantages in bringing together Singapore students of all races in national schools, but compulsory education raises issues w hich need close scrutiny. Top of the list of questions to be answered are: Who is responsible for ensuring that children attend school
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    • 467 3  -  They and the public can use the money to test radical ideas and see if they can he applied in a practical way to their work Sl LESLIE KOH CIVIL servants with radical ideas about how they can improve their work can now tap
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    • 419 3 CHIEF Justice Yong Pung How yesterday received this year’s top National Day Award, the Order of Temasek (First Class), from President S.R. Nathan. He is only the sixth Singaporean to be given this rare honour. He joins an exclusive dub of past recipients made
      M BERT MM  -  419 words
    • 445 3 BIDDERS will know the lowest strike price almost instantaneously when bids are received, in the open system being developed for vehicle Certificates of Entitlement (COEs). The}- will be able to access real-time updates and submit their own bids on the Internet, by telephone, at Nets
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  • HOME
    • 676 4  -  ST confidence index dips; fewer think economy and job market will pick up further but people are confident about keeping jobs *hl LESLIE KOH SINGAPOREANS and permanent residents still have a less-than-rosy outlook on the next three months, despite the country’s rapid recovery from the
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    • 353 4  -  TAN KAHTIAN DR CHONG Kheng Huat, 37. was the picture of health: he was a sports enthusiast and had been described as a runner who "led the pack”. He had even done a bungee jump and held a certificate to prove it. Then
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    • 414 4  -  IRENE NC IN WASHINGTON AMERICA and Singapore have much common ground to build on, but the difficulty is that relations have been ruffled from time to time by differences in several areas, Deputy Prime Minister Lee Hsien Loong said. “There is
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    • 871 5 It is not responsible for people’s lives and should not shoot at the govt from outside political arena IT IS not proper for the press which is not going to be responsible for people’s lives to set the country’s national agenda, said
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    • 382 5  -  111 TAN KAH TIAN THE body was found in a field, decomposed beyond recognition. Not even the closest of relatives would have been able to identify the dead man at that point. But there was a key. Literally. It was the only clue yielded
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    • 381 5  -  BrL JOANNE LEE FOREIGN patients from around the region, especially Indonesia, are returning to private hospitals here for treatment as South-east Asia recovers from the economic crisis, said medical giant Parkway Group Healthcare on Tuesday. It said that its hospitals, which include Mount Elizabeth, Gleneagles and
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    • 587 6  -  Consortiums of teachers develop their own curricula which they sell to students at the end of Sec 1 Bn SANDRA DAVIE THE Chinese High has come up with a radical plan in which teachers get together to form consortiums that develop their own curricula. The consortiums
      JOSE RAYMOND  -  587 words
    • 320 6  -  «a. WENDYTAN THE Bishan-Toa Payoh Town Council is conducting a study to see if service and conservancy charges can be more closely related to the cost of maintaining the HDB blocks in the area. A new financial application system called Movex, in place at
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    • 605 6  -  By CHANG AI-I.IEN CPF members will soon be able to receive customised e-mail that updates them on their areas of interest. They can also design their own CPF webpage covering topics relevant to them and areas they often access. This means they w*ill not have to
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    • 481 8 The blocks, the tallest built by HDB, will be offered to residents of seven nearby blocks under the Sers project THE first 40-storey Housing Board blocks arc due to come up in Toa Payoh Ixtrong 2 by 2004. These blocks, the tallest that
      Source HDB; TIEN curve; ping  -  481 words
    • 952 7  -  The latest marriage statistics reveal that more Singaporeans are marrying foreigners FOREIGNERS AS SPOUSES EUNICE LAU, LYDIA LIM ami GRACE MA WHEN Chinese Singaporeans choose a mate, the men appear more conservative than the women, judging by the latest marriage statistics. More Singaporeans are marrying across
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    • 487 7 MRS Rabia Muir may have been married to her Scottish husband for six years and borne him two children, but they still get stared at when they go out. The ex-Singapore Airlines stewardess said that it is usually the men who stare at her here, but
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    • 337 7 SINGAPORE women who marry foreigners and emigrate are not always lost to the country, says the Singapore International Foundation. Its executive director, Dr Tan Chi Chiu, counsels against taking a "defeatist” attitude and writing off these women. Dr Tan said the SIF, a
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  • Page 8 Miscellaneous
    • 1061 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
    • TIMESPORT'S MILLENNIUM SERIES ON SINGAPORE SPORTING GREATS
      • 813 9  -  Turning things around in a moment of magic is what Sundram is all about; back-heel is his trademark «it. S. MURALI IF THERE was one word to sum up the career of V. Sundramoorthy, it would be the backheel. It is a part of the foot that
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      • 700 9  -  «1 GODFREY RORERT WALKING out of a Great World City cafe last week, I put my right hand on Chia Boon Leong’s left shoulder and whispered: “It’s not that difficult to mark you, huh? You seem a head shorter than me.” The pint-sized soccer legend broke into
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  • MALAYSIA
    • 594 10  -  By DOUGLAS WONG IN KUALA LUMPUR ONE day after a woman declared that she had lied about an affair with Tan Sri Abdul Rahim Thamby Chik a revelation that led to his resignation as Malacca's Chief Minister five years ago her grandmother
      \|tt STRUTS TIMES  -  594 words
    • 486 10  -  *1 RAVI VELLOOR MALAYSIA’S hopes of being reinstated in a key index used by global fund managers to track how their invested billions are performing suffered an unexpected set-back over the last weekend. The country will not be restored to the Morgan Stanley Capital International
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    • 617 10  -  Minister announces cuts in personal income tax, and more pay and benefits for government staff ahead of the elections By DOUGLAS WONG IN KI’ALA LUMPUR MALAYSIA’S Finance Minister Tun Daim Zainuddin unveiled what he called a "people’s Budget" last Friday which cut personal income tax
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  • SOUTH-EAST ASIA
    • 547 11  -  By SUSAN SIM IN DON KSIA COR RES PON DENT JAKARTA The International Monetary Fund (IMF) said on Tuesday that Indonesia was back in its good books after the new government handed over an audit report on a banking scandal that helped
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    • 605 11  -  He backs the right of Acehnese to a poll on independence but tl he government would not like to be rushed on the issue By SUSAN SIM INDONESIA CORRESPONDENT JAKARTA President Abdurrahman Wahid said on Thursday that he was prepared to allow an East
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    • Article, Illustration
      34 11 NEW CHIEF Newlv-appointed Indonesian Armed Forces Chief Admiral Widodo (right), the first non-army man at the helm, receiving the flag from Gen Wiranto at a handover ceremony in Jakarta on Thursday. KVf
      KVf  -  34 words
    • 344 11 The Nation/ Asia News Network BANGKOK A new constitutional requirement that election candidates be degree holders has prompted a university to offer "short-cut" degrees for politicians, a move that has drawn fire from some quarters. Many politicians who are not university graduates are concerned over
      The Nation/ Asia News Network  -  344 words

  • COMMENTARY
    • 601 12 TUESDAY NOVEMBER 2, 199» AT A time when the knowledgcd-based economy are buzzwords and skills in demand increasingly command higher premiums, it is strange that there is a debate whether education for children should be made compulsory in Singapore. Few. if any, Singaporeans dispute that a
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    • 565 12 WEDNESDAY NOVEMBER 3, 1999 WITH a general election around the corner, Malaysia's Prime Minister Mahathir Mohammad leaves nothing to chance. Politically, he continues to bait the opposition. On the economic front, the giveaway Budget unveiled last Friday will win votes for his ruling National Front coalition. Just
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    • 948 12  -  SECOND LAST WORD 8,, CHI'.4 LEE HOONC HONGKONG in 1999 is a place suspended among many worlds. Two years after its high-profile return to the Beijing fold, the former British outpost retains a European veneer in its downtown Romanstyled buildings that house government offices
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    • 1041 13  -  MY VIEW By SUSAN LONG HE WAS a bankrupt. She was a Batam bride. He left school at 13, used to be a gangster and was mired in bad debts. Mr Richard Teo, then 38, was in no mcxxl for romance.
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    • 796 13  -  CHINCCHEONG EAST ASIA CORRESPONDENT CHINESE communist leaders did a "left turn" last month. Abandoning Premier Zhu Rongji’s bold reform plan for ailing stateowned enterprises (SOEs), they adopted a resolution that underlined their greater concern for national security instead, by making three very important changes. First, the
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  • INSIGHT
    • 2498 14  - Hougang eight years later Chua Mui Hoong Housing has been Workers' Party territory since Mr Low Thin Khiang wrested it from the ruling party in 1991. Hoic different is life in an opposition stronghold from life in a PAP ward? CHUAMUIHOONG gives the answer. THE cabby was eavesdropping. He turned
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    • 1010 15  -  THINKING ALOUD «•I ASAD LATIF I DO NOT understand why people keep asking Mr Lee Kuan Yew whether he is a dictator. The American journalist William Safire did so during an interview in Switzerland in January. Last week, a participant at a forum in
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    • 604 15  -  Hill LYDIA LIM MR ERIC Low, 51, is a frustrated man. The second adviser to the Hougang grassroots bodies has exciting plans to “transform” the constituency. He would redevelop the market area. Build multistorey carparks. Tackle the pests problem. But his
      KKVTAY  -  604 words
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  • MONEY
    • 367 16 THE stock market got off to a bright start this week after interest rate jitters receded into the background. Fed chairman’s Alan Greenspan’s upbeat remarks last week, concerning US inflation, cheered investors across the Atlantic and in Singapore with most believing a rate hike in
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    • 76 16 Straits Times Index Th* Straits Times Index rue 64.4 points on the week to 2,111.55. DAY CLOSE TURNOVER Monday 2,073.04 (*25.89) 301.95 ($628.15m) Tuesday 2,057.22 (-15.82) 119.10 <5329.20m) Wednesday 2,087.99 (*30.77) 267.30 ($632.50m) Thursday 2,109.94 (*21.95) 376.10 ($717.10m) Friday 2,111.55 (*1.61) 199.70 ($460.00m) BT-SRI Index The BT-SRI
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    • 1951 16 Net t«rn CPS Date TV LY TV LY Company ann (sm> (Sm) (cts) let») ABR Hldgs Sap 30 I 0.491 0.675 0.26 O.SB Armstrong Sap 23 I 0.835 0 9381 0.42 0.51 ASA Sap 16 I 4.937 3.752 3.22 2.88 ASJ Sap 13 I 3.407 2.821 3.79 3.13
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    • 201 16 BONUS ISSUE Ex- Books Acc Company Ratio data closa Paymt Seksun one-for-four Nov 15 Nov 22 Natßroad one-for-two Nov 16 Nov 23 Kian Ann one-for-one Nov 23 Nov 30 Dec 9 Horsing ona-for-two Nov 1 Nov 9 San Teh one-for-five Nov 4 Nov 11 RIGHTS ISSUE Ex- Books
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    • 340 16 Company Place Date Time Elec E Hullet Rm, 4th Level Nov 30 10.45 am Eltek Westm Plaza 2 Stamford Rd (*****2) Lum A 38 Kim Tian Rd Nov 26 10.00 am Chang E 003-00 Kim Tian Plaza S pore (*****2) GPE E The Pan Pacific Hotel Nov 19
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    • 439 16 Payment Ex Books Pay lets) data closa data Acma 50c I 1.25 Oct 27 Nov 3 Nov 17 Amtek Hldgs 20c F O.BTE Nov 24 Dec 1 Dec 10 Australand Asoc a A 3.00 Nov 3 Nov 10 Nov 30 Chuan Hup F 4TE Dec 21 Dec 28
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    • 86 16 Company Description Wee Poh Proposed Bonus issue of 10,901,000 new Ordinery shares of SS0.20 eacn on the basis of 1 for 10 existing shares held. Uraco Proposed Rights Issue on the basis of 4 for every 5 at SS0.1S for each Rights Share. Oatapulse Proposed Bonus Issue on
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    • 1439 17 UNIT TRUSTS FUNDS Nov 6,1999 Managers* prices (Ss) UNIT TRUSTS AbtrdMH Aiwt Mql AM Ltd Aberdeen Select Portfolio: Global Technology Fd!** 0.976 1.026 UK Blue Chip Fd!** 0.956 1.005 American Opport Fd 1.023 1.076 Continental Euro EqtyFd 1.060 1.114 Japan Eqty Edl** 1.546 1.624 Asian fixed Income Ed 0.954 0
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    • 490 17  -  Total assets in their portfolios swell 36% in the first half of this year, thanks to economic rebound /h/ LOH CHENYI FUND managers in Singapore have bounced back with bulging portfolios. After a worrying second half last year, total assets under their management
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    • 323 17  -  «V SIT I ANDRIAME SCHERING-PLOUGH, the first American pharmaceutical company to invest in Singapore, will sink in another US$34O million (***** million) to expand its operations here. It already has two plants here and is planning a US$lOO-million biotechnology plant to make a
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    • 447 17  -  Oil TAMMY TAN IT COULD have been a foolproof success story: Buy into a company with a patent, develop and market the product, list on Nasdaq, and retire in the Bahamas. But things went horribly wrong for homegrown O.R. Computer System (ORC). The
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    • 4289 18 Transaction date: Nov 5,***** MULTI INDUSTRY 52-Wk Curr Last Vol Day Gr's Net M Cap WTt Avg High Low Company Traded Sal# *or- 'OOO High Low Dlv P/E smll P MC 182 17.5 m b Acma 50c 112 unch 202 113 111 10 9.2 185.3 110 84
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    • 1102 19 52-Wk Curr Last Vol Day Or's Nat M Cap Wt Avq High Low Company Traded Salt ♦or- 'OOO High Low Dlv P/E Smll Price MANUFACTURING 218 80 5 c •AS Auto 10c 141 -1 452 143 137 10 N 161 140 137 50.5 c ASJ Hldqs 20c..... 97 3.8
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    • 1523 19 BONDS, LOANS WARRANTS Transaction date: Nov 5,1999 52-Wk Last Vol Day Last Ouote Wt Avq Hlqh Low Company Sale »or- ‘OOO Hlqh Low Buyer Seller Price 104 10.5 s “Acer WOIO73IUSS .41 unch 159 41 41 41 41.5 80 14 s Acma W *****4 34.5 unch 57 34.5 34 34.5
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    • 143 19 (9am, Nov 5) Buying 00 r Smgapora MUfl to oot unit of foraign currency Australian dollar 1.0310 ***** Canadiandoiiar 1.1260 1.1500 NZ dollar ***** Starling pound 2 6900 ***** US dollar ***** ***** Singapora dollars to 100 units of foraign currancy Austrian scDllllng 12.43 12.69 Baigianfranc 4 240 4330
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    • 901 20  -  But private home prices rise at slower pace due to a steep fall in number of units changing hands I 2IL COLIN TAN ’THE prices of resale HDB Hats played catch-up with the private market in the third quarter surging 8 per cent
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    • 470 20  -  TAMMY TAN CHIP design firm Tritech Microelectronics has reached the end of the road. The company is being liquidated even though it succeeded in getting a US$23 million (5538.4 million) reduction in patent infringement damages two months ago. The winding-up order against Tritech
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    • 507 20  -  DENNIS CHAN SINGAPORE Airlines (SIA) last Friday reported a 23.2 per cent jump in group interim net earnings to $577 million, confirming recent trends that the airline is on a strong recovery path. Turnover rose 14.3 per cent to $4.3 billion for
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  • Page 21 Advertisements
    • 717 21 The Straits Times Weekly Edition APPOINTM ENTS m INSTITUTE OF DEFENCE STRATEGIC STUDIES NANYANG TECHNOLOGICAL UNIVERSITY, SINGAPORE on ASSOCIATE RESEARCH FELLOWS The Institute of Defence and Strategic Studies (IDSS) invites applications from MA/MSc holders in political science, history, international relations, and security studies for the position of Associate Research Fellow.
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  • Page 22 Advertisements
    • 883 22 < f^dke KK K Women's and Children's Hospital is a S9S-bed hospital served by a dedicated team of _:er 2.000 staff. We offer career opportunities that require enthusiasm, initiative, service orientation anil a hit’ll level of professional competence from our staff. In return, you mill enjoy the satisfaction and warmth
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  • FORUM
    • 247 23 I SUPPORT Prime Minister Goh Chok Tong's call for compulsory education up to Primary 4, and share Education Minister Teo Chee Hean's concern on how to implement compulsory education in Singapore (See Page 2). It is very difficult to decide on the extent to which the
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    • 283 23 I AM dismayed by Mr Cyril Wong Yit Mun's vehement criticism vented on the vision given by the new chairman, Dr Cham Tao Soon, for the Singapore Symphony Orchestra (ST, Nov 2). Nowhere has Dr Cham said he would have the SSO play
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    • 578 23 I REFER to the letter from Ms Diana Quah “Swans at gardens harassed” (ST. Nov 2). I believe her experience is not an isolated incident. Sometime ago, a friend who windsurfed to Seletar Island told me that his group saw a girl
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  • 632 24  -  Views of the public sought for the exercise; plan to raise trigger point when mandatory bid is needed Hu RAVI VELLOOR SINGAPORE is inviting public feedback as it works on the next step of its financial liberalisation a revised company takeover code that could breathe
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  • 393 24  -  Oil ELENA CHONG PAULINE ANG, 23, desperately wanted her ex-boyfriend back. Never mind that old adage that the way to a man’s heart is through his stomach. She decided to say it with flowers. So she had the Princess Flower Shop in
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  • 393 24  -  8,, EUNICE LAU STEP into Raffles Girls’ Secondary’s Cyber Learning Centre to catch a glimpse of classrooms in the next millennium. Talk to students from other schools while sitting in your classroom, throw away your textbooks, and instead surf the Internet for information. That was
    I.AC KOOK KO\G  -  393 words