The Straits Times : Weekly Overseas Edition, 26 February 2000
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2000-02-26
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The Straits Times : Weekly Overseas Edition
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Title Section19 2000-02-26 1 The Straits Times Weekly Edition Saturday Februaiy 26,2000 Price: S$ 1.20 (in Singapore) Elsewhere by subscription only MITA 074/08/9919 words
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Article, Illustration716 2000-02-26 1 Businessmen, foreigners, the creative and heartlanders all benefit from the package SINGAPORE yesterday rolled out a Budget to help position the Republic for the new era of global competitiveness, while recognising the importance of traditional family values. Unlike last year, when two off-Budget packages leftPhoto: CHI'A CHIN HON - 716 words
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Page 1 Advertisements
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Advertisement63 2000-02-26 1 Chao Tzee Cheng Dies The top forensic pathologist, who loved his food, his whisky and karaoke, died while visiting his sister between medical conferences. page 2 Fire At Ang Mo Kio T opened my eyes and saw two people on fire,’ says a survivor of the blaze, probably the worst63 words
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PRIME NEWS
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Article621 2000-02-26 2 AHMAD OSMAN - They can now merge trade unions without getting the consent of all members involved fit /AHMAD OSMAN LEADERS of the labour movement can now merge trade unions and change their names without seeking the consent of all their members. With the passing of the621 words
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378 2000-02-26 2 TAMMY TAN - Bit TAMMY TAN THE electricity market will be liberalised further and no limit will be set on the number of players, Trade and Industry Minister George Yeo told Parliament on Monday. The Government’s intention is to move, within the next two years, towards “as378 words
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Article, Illustration703 2000-02-26 2 KARENWONG - By. KARENWONG SINGAPORE’S top forensic pathologist, Professor Chao Tzee Cheng, 65, who died in his sleep on Monday, had a history of high-blood pressure and died of a heart disease, said his son, Dr Alexandre Chao, a surgeon. Prof Chao had been visiting703 words
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Article, Illustration567 2000-02-26 3 SUSAN LONG - Almost everyone polled in a survey said they love their country. Two out of three would even die for it Si SUSAN LONG SINGAPOREANS fly the flag proudly, says a brand-new report card on national pride. An Institute of Policy Studies (IPS) survey just released567 words
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507 2000-02-26 3 NARENDRA AGGARWAJL - MTI'S ANNUAL ECONOMIC SURVEY By By NARENDRA AGGARWAJL SINGAPORE is on a stable economic growth path and chances are that this year, it will expand at the higher end of the government’s forecast range of 4.5 per cent to 6.5 per cent.507 words
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478 2000-02-26 3 CHONG CHEE KIN - Bv CHONG CHEE KIN AN ALARMING amount of illegal meat is finding its way into Singapore. The amount smuggled into Singapore last year leapt more than 20 times compared to 1998. About 12,800 kg of it, mainly pork, entered Singapore last year,478 words
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PARLIAMENT
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731 2000-02-26 4 Hour-long debate on Defence Science and Technology Agency Bill raises basic questions about the right to strike and quit THE Defence Science and Technology Agency (DSTA) Bill is a technical one, needed mainly because a new agency is being created from merging existing functions in different731 words
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358 2000-02-26 4 THE new Singapore Management University will have a powerful set of backers: President S.R. Nathan will be its patron and former Cabinet minister Lim Kim San, chancellor. Both have agreed to accept the appointments, Education Minister Teo Chee Hean an- nounced on358 words
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372 2000-02-26 4 THE police will act against employers w 7 ho risk their maids* lives by making them climb outside their high-rise flats to clean windows, warned Manpower Minister Lee Boon Yang in Parliament on Tuesday. Stressing that every case of maids falling out of372 words
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Article, Illustration302 2000-02-26 4 IF THE police have to be called in to restore law 7 and order at events, the event organisers may have to foot the bill. Minister of State (Home Affairs and Law) Ho Peng Kee said this in Parliament on Tuesday. Organisers of302 words
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Article, Illustration828 2000-02-26 5 Under a new three-tier structure, the subsidy for nursing-home i *ll i i i charges will also depend on the size of the patient’s family MORE of the aged sick who need constant care in nursing homes will be eligible for help under828 words
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393 2000-02-26 5 Firms offering IPOs ‘must reveal more THE Government on Monday defended its relaxed listing rules for new stocks. But it said that it would raise the level of information required for prospectuses with the aim of putting investors on equal footing with those in the company. ‘This will include information393 words
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343 2000-02-26 5 THE proposed merger between Singapore Telecom and Cable Wireless HKT is “driven purely by commercial considerations,” said Finance Minister Richard Hu. “As far as the Singapore Government is concerned, this is a purely commercial consideration. The fact that the Government has a major shareholding is irrelevant343 words
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HOME
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537 2000-02-26 6 LYDIA LIM - They have only a vague idea of globalisation and are too complacent, says a report by the National Youth Council Brl LYDIA LIM THE young have not woken up to globalisation and think that it refers only to dot.com companies and Americanisation. They are537 words
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Article, Illustration79 2000-02-26 6 SENTOSA'S LOOS CHANGE: Open-air toilets like this one have become a tourist attraction, first at the Night Safari, and now at Sentosa. The island's new generation of toilets open out to landscaped gardens. Sentosa Development Corporation is spending more than $2 million to improve its loos.79 words
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Article523 2000-02-26 6 BRAEMAMATHI - Dating, yes; sex no Bu BRAEMAMATHI NO SEX please, we are Singaporean teenagers. But dating at a young age is fine. In a Singapore Planned Parenthood Association survey of 2,369 youths, only 3.4 per cent said they have had sex. But close to 40 per cent or 913 said they523 words
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Article263 2000-02-26 6 KAO CHEN - Bu KAO CHEN CHINESE all over the world will be able to network, form joint projects and even share job opportunities through the first comprehensive website designed just for them. Called the Chinese Professionals Network, it was launched last Friday by Singa-pore-based World Scientific Publishing,263 words
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SPORTS
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Article557 2000-02-26 7 KELVIN PHANG - Contests, buskers and parties are planned as the soccer body reaches out to women, families SOCCER in KELVIN PHANG SOMETHING for everyone that is what the S-League hopes to offer with its comprehensive marketing plan for the new season which kicks off on March 9Not557 words
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Article, Illustration76 2000-02-26 7 JOINT FIFTH AT WORLD MEET: World No. 17 and Singapore’s No. 1 Li Jiawei,lB (above), lost 21-18,15-21, 20-22 in an exciting opener against Romanian No. 2 Otilia Badescu. Still, Singapore ended its World Team Table Tennis Championships campaign in Kuala Lumpur on a high note.REUTERS - 76 words
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Page 7 Miscellaneous
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Miscellaneous1064 2000-02-26 7 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 Word1,064 words
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MALAYSIA
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Article, Illustration561 2000-02-26 8 The crisis is over, declares Daim, who forecasts 5.8% expansion in gross domestic product this year -AP, AFP KUALA LUMPUR Malaysia yesterday proclaimed the financial crisis over and said its economy had grown by an encouraging 5.4 per cent last year. “Clearly, the economy has recovered and-AP,; AFP; REUTERS - 561 words
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317 2000-02-26 8 The Star/Asia News Network, Bernama KUALA LUMPUR Deputy Prime Minister Abdullah Badawi has told bumiputras, who have long benefited from the government’s affirmative-ac-tion policies, to stop being dependent on the “special treatment” and compete on an equal footing with others. He said that ifThe Star/Asia News Network, Bernama - 317 words
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397 2000-02-26 8 BOOST FOR TOURISM Bernama KUALA LUMPUR Malaysia is looking to abolish import duty on all branded items in a move to turn the country into an international shoppers' paradise, Tourism Minister Abdul Kadir Sheikh Fadzir disclosed yesterday. The proposal is one ofBernama - 397 words
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Article291 2000-02-26 8 KARAMJITKAUR - KARAMJITKAUR HELLO Kitty and Dear Daniel appeared in Johor Baru on Thursday and so did their Singapore fans. People like technician Razak Rahmat, 39, took the day off from work and left his Choa Chu Kang home at 5 am so that he291 words
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SOUTH-EAST ASIA
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Article473 2000-02-26 9 But a lack of military reform could end the training. Full relations have also not been resumed yet, say US officials The Washington Post JAKARTA The Defence Department has quietly resumed training Indonesian military officers in the United States, restoring one element of its relationshipThe Washington Post - 473 words
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Article, Illustration137 2000-02-26 9 MAYON ERUPTS: Thousands of Filipino villagers fled from their homes on Thursday, shortly before a 50 m fountain of lava, ash and molten rocks rumbled down the slopes of Mayon volcano in its first major eruption in seven years. Volcanologists warned that more violent explosions could occur in137 words
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Article218 2000-02-26 9 IGNATIUS STEPHEN - By By IGNATIUS STEPHEN IN BANDAR SERI BEGAWAN THE Brunei government announced on Thursday that it is taking Prince Jefri, younger brother of Sultan Hassanal Bolkiah, to court over alleged improper use of state funds. The Prime Minister’s Office said that the state of Brunei and218 words
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Article, Illustration674 2000-02-26 9 JAMES EAST - JAMES EAST IN BANGKOK THAIS are in a lather of excitement over the expected “cat fight” between the country’s top female politicians for the governorship of Bangkok. Former Bangkok MP Sudarat Keyuraphan says she wants the job and has, as one columnist put it, thrown herTHE NATION/ASIA NEWS NETWORK - 674 words
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COMMENT
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Article562 2000-02-26 10 MONDAY Feb 21,2000 Recent letters to this newspaper highlighted the problems faced by executives and managers in private-sector companies who were retrenched during the recession. Some employers preferred to name the exercise “termination of contract of service” instead of “retrenchment”, so as to avoid paying retrenchment562 words
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Article612 2000-02-26 10 TUESDAY Feb 22,2000 IT WAS not long ago that someone turned the line “Count on me Singapore" into “Count money, Singapore”. How very Singaporean, that wit. It captured the gist of the national love affair with wealth. This is an affair which most citizens would own up612 words
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Article, Illustration828 2000-02-26 10 ALAN JOHN - SECOND LAST WORD *L ALAN JOHN MOTORCYCLIST Paul Russell raised hell when he wrote to the Forum Page and said that after 17 years of accidentfree riding in Britain and four years in Asia, he found the standard of Asian driving the worst.828 words
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COMMENT/PERSPECTTVE
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Article, Illustration1066 2000-02-26 11 HELEN CHIA - MY VIEW By HELEN CHIA THE other night, I dreamt that I went to the National Library again. I walked up the famous steps and stepped into the cool interior, only to find that the building had become a hollow shell. InsteadLUDWIG ILIO - 1,066 words
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Article711 2000-02-26 11 ASAD LATIF - EYE ON THE WORLD By ASAD LATIF IT IS not every day that a senior military official of the United States arrives in town to convey a single message: America is here to stay in Asia. But that is just what Vice-Admiral711 words
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CPF LINE A Corporate Newsletter Of The CPF Board
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Article, Illustration565 2000-02-26 12 / 13 WHEN you retire, do you want to lead a life of self-reliance and dignity? Do you want to have enough to make ends meet, or perhaps, more than enough? If your answer is "Yes", then you should start to invest now for a sound financial565 words
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Article, Illustration191 2000-02-26 12 / 13 From 6 March, you can check with CPF PAL on the amounts available for investment in professionally-managed products,' stocks and gold under the CPF Investment Scheme. The amounts available for investment will be voiced over the CPF PAL-Phone, and printed on the Available Withdrawal Limit191 words
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Article, Illustration294 2000-02-26 12 / 13 Thank you! Over 95 per cent of our CPF l customers are satisfied with the Board's I overall services last year. This is our findings I in our 1999 Member Services Survey. The 'I annual survey is aimed at getting your f feedback, so that294 words
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461 2000-02-26 12 / 13 Improvements changes in Investment Scheme More convenient with standing instruction. You only sign once! From 1 March, you will find it more convenient to use your CPF funds for investment. You would need to give only a one-time authorisation to your agent bank and the CPF Board to settle your461 words
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Page 12 / 13 Advertisements
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Advertisement15 2000-02-26 12 / 13 UiALnmS Another public communication effort by a Quality Class Organisation TOGETHER LOOKING AFTER OUR FUTURE15 words
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Advertisement31 2000-02-26 12 / 13 CONTACT US CPF SCHEME/ CPF CALL E-MAIL SERVICE CENTRE 1800-*****88 CPF PAL Service Code 1 CPF Investment Code 4 Scheme Minimum Sum Code 5 Scheme/Topping-up of Minimum Sum RAL@cpf.stems.com lnvestment@cpf.stems.com Retirement@cpf.stems.com31 words
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INSIGHT
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Article, Illustration1270 2000-02-26 14 The vocabulary of controversial Economic Development Board chairman Philip Yeo is sprinkled with words like “mad” and “crazy”. Mad to battle against the odds, crazy for being interested in stuff like the life sciences. He talks to M. NIRMALA. PHILIP Yeo, 53, has placed his bet on the1,270 words
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1161 2000-02-26 15 CHLA MUIHOONG - THINKING ALOUD By CHLA MUIHOONG IN THE past, Singapore played leapfrog. Its competitors were neighbouring countries. All it had to do was leapfrog the region. And how well it jumped. But it needs to play a new economic game in the1,161 words
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1115 2000-02-26 15 CHUA LEE HOONG - LAST WEEK IN POLITICS By CHUA LEE HOONG SENIOR Minister Lee Kuan Yew’s remark about good Nominated Members of Parliament being potential People's Action Party candidates has apparently created a stir in some quarters. The question is, is there more, or less, to1,115 words
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MONEY
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Article347 2000-02-26 16 Colin Tan - Colin Tan FRAGILE market sentiment over the last week saw the benchmark Straits Times Index test the 2,060 support level twice as the bourse continued to consolidate. Dealers said the absence of large institutional investors and the huge number of retail investors waiting to unload their previous347 words
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Article75 2000-02-26 16 Straits Times Index The Straits Times Index dropped 36.96points on the week to 2,140.40. DAY CLOSE TURNOVER Monday 2,115.85 (-61.5) 543.05m (890.50m) Tuesday 2,106.60 (-9.3) 509.80m (869.20m) Wednesday 2,137.70 (+31.1) 491.82m (831.30m) Thursday 2,123.67 (-14.0) 438.90m (729.96m) Friday 2,140.40 (+16.7) 516.76m (665.10m) BT-SM Index The BT-SRI Index75 words
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Article1850 2000-02-26 16 Company Date ann Net earn TY LY ($m> ($m) EPS TY LY <cts) (cts) Advanced Sys Dec 13 1 0.347 2.345L 0.30 2.1L Avimo Dec 09 P 20.170 14.641 19.1 13.9 AsiaDekorRmb Dec 20 1 50.480 24.065 7.60 3.60 AP Brew Oec 10 P 39.984 63.719 15.8 25.21,850 words
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Article212 2000-02-26 16 BONUS ISSUE Company Ratio Exdate Books close Acc Paymt Econ Wee Poh one-for-one one-for-ten Marl Mar 17 Mar 8 Mar 22 NA NA RIGHTS ISSUE Company Ratio Exdate Books close Acc Paymt Transmarco MOIL one -for- two @$1.20 Feb 22 one -for-five @>U$$0.51 FeD 16 Feb 29 Feb212 words
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Article160 2000-02-26 16 Company Place Date Time JC-MPH E 12 Tagore Drive Level 3 S'pore (*****1) Mar 11 10.00am Aztech E Conference Room Aztech Building 31 Ubi Road S’pore (*****4) Mar 10 11.00am CSE E 19A Serangoon North Avenue 5 3rd Floor Avi-Tech Bldg (*****9) Mar 09 2.00pm Wee Poh E160 words
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Article326 2000-02-26 16 Payment (cts) Ex date Books close Pay date AP Breweries F 12.2 Feb 28 Mar 6 Mar 15 Avimo 20c F 4.75 Mar 6 Mar 13 Mar 28 Australand A50c d A3 Mar 2 Mar 9 Mar 29 BMT $10.00 1 28 Feb 15 Feb 22 Mar 2326 words
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Article227 2000-02-26 16 Company Description Wee Poh Proposed Bonus Issue of 10,901,000 Ord Shares of $0.20 each on the basis of 1 for 10. Acer Proposed reorganisation of of the share capital for the purpose of the privatisation of Acer Computer International Ltd pursuant to a scheme of arrangement under section227 words
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Article1508 2000-02-26 17 UNIT TRUSTS FUNIS Feb 26, 2000 Managers' prices (S$) UNIT TRUSTS Aberdeen Asset Mgt Asia Ltd Aberdeen Select Portfolio: Global Technology Fd!** 1.576 1.656 UK Blue Chip Fd!** 0.928 0.976 American Opport Fcf 1.002 1.053 Continental Euro Eqty Fd 1.306 1.372 Japan Eqty Fd!** 1.497 1.573 Asian Fixed Income Fd1,508 words
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Article, Illustration646 2000-02-26 17 IGNATIUS LOW - Monthly contributions to it may go up. Investing some in private funds is under study too IGNATIUS LOW HIGHLIGHTING its concern about the need to save for retirement, the Government confirmed last Friday that it is considering increasing monthly contributions by CPF646 words
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370 2000-02-26 17 – IGNATIUS LOW - The name is Lye, James Lye, Citibank private banker. IGNATIUS LOW AFTER heating up television screens in the sci-fi series VR Man, media star James Lye could easily slip into the role of “PR Man”. But his new employer Citibank obviously has higher ambitions than public relations for the hunky370 words
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Article4491 2000-02-26 18 Transaction date: Feb 25,2000 MULTI INDUSTRY 52-Wk Curr Last High Low Company Traded Sale ♦orVol ooo Day High Low Gr*s Div Net M Cap P/E $mil Wt Avg Price 182 69 me Acma 50c 144 unch 258 144 142 10 11.8 238.2 143 84 254,491 words
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Article1155 2000-02-26 19 52-Wk High Low Curr Last Company Traded Sale ♦orVol '000 Day High Low Cr*s Div Net P/E M Cap $mil Wt Avg Price MANUFACTURING 218 86 c AS Auto 10c 170 -3 724 175 169 10 N 223.2 174 137 55 c ASJ Hldgs 20c .91 -3 621,155 words
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Article1624 2000-02-26 19 BONDS, LOANS WARRANTS Transaction date: Feb 25,2000 52-Wk High Low Company Last Sale ♦orVol '000 Day High Low Last Ouote Buyer Seller Wt Avg Price 104 11.5 s A Acer W*****1 US$ ,43.5 unch 126 43.5 43.5 43.5 44 80 15.5 s Acma W*****4 37 -1 150 38 36.5 36.51,624 words
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Article146 2000-02-26 19 Foreign Currency Note Rates (9am, Feb 25) Buying OD Selling Singapore dollars to one unit of foreign currency Australian dollar 1.0480 1.0630 Canadian dollar 1.1660 1.1900 NZ dollar 0.8270 0.8450 Sterling pound 2.7250 2.7530 US dollar 1.7080 1.7190 Singapore dollars to 100 units of foreign currency Austrian schilling 12.22146 words
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Article, Illustration456 2000-02-26 20 RAVIVELLOOR - PM Goh outlines the strategy of successful companies as: Focus, Think Big and Take Risks Bu RAVIVELLOOR SINGAPORE can benefit from the continuing electronics boom, but will have to do more than expanding capacity and cutting costs, Prime Minister Goh Chok Tong saidLIAXHE ZAOBAO - 456 words
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448 2000-02-26 20 NAREXDRA AGGARWAL - Bu By NAREXDRA AGGARWAL SINGAPORE companies have been offered loans amounting to $4OO million to encourage them to invest in Indonesia and help the country’s economic revival. The money is available to both large local companies as well as local small- and medi-um-sized enterprises448 words
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Article, Illustration372 2000-02-26 20 BANGKOK A high-level investigative committee looking into the roots of the regional financial crisis has pinned responsibility squarely on the shoulders of former executives of Thailand’s central bank, the Bangkok Post said on Wednesday. The committee completed its final report on Tuesday, focusing on372 words
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Page 19 Advertisements
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Advertisement20 2000-02-26 19 Buy It. Sell It. Find It. Classified. Call Today For Results Tomorrow. 9' ry\ m \v -.Ni CAT.S. 1800-737-1166 i20 words
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Page 21 Advertisements
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Advertisement771 2000-02-26 21 global^sources LEGAL COUNSEL (Singapore-based) We are a leading provider of trade information to global volume buyers through our network of websites, business-to-business trade magazines and CD-ROMs. We additionally offer electronic commerce solutions to the global import/export business sectors. We are seeking a high calibre lawyer to assist in the management771 words
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Page 22 Advertisements
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Advertisement1053 2000-02-26 22 Shared Passion, Shared Values x w/ Compassion Collegiality Learning Teaching Integrity Professionalism Excellence Respect At the National University Hospital, we are committed to personalised, specialised and costeffective care of the highest quality within an environment of intensive research and excellent medical education. If this resonates with your values, join us1,053 words
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FORUM
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Article, Illustration597 2000-02-26 23 I READ with great interest the interview with Mr George Russell, chairman of the Frank Russell Company, in “Staff welfare comes first here” (The Sunday Times, Feb 13). After reading that article, I am not surprised that his company was ranked as the 13th597 words
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443 2000-02-26 23 I READ with much delight Mr Malik Tahir’s fiery piece, “What S’pore has done to incur M’sian hatred” (The Business Times, Feb 19). Much as I find his letter amusing, I cannot help but wonder given his emphasis on the sentiments held443 words
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Article129 2000-02-26 23 I WOULD like to draw attention to the alarming level of pollution in the Singapore River. I was showing an overseas friend the sights in Singapore last week and I was aghast when I got to Boat Quay. There was lots of flotsam on the river,129 words
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Article194 2000-02-26 23 Before the up-coming Budget, I hope the Finance Ministry 7 will consider some adjustments to the Goods and Services Tax (GST). Generally, the GST has been a burden on SMEs, particularly on cash-flow. While we pay GST upfront to the Government every quarter; at the194 words
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Article, Illustration745 2000-02-26 24 AJJETHEALIM - ‘I opened my eyes and saw two people on fire,’ says a survivor of the blaze which damaged 12 flats Si AJJETHEALIM MONDAY’S fire, probably the worst in a Housing Board estate in at least a decade, claimed its fifth victim onPICTURES: STEPHANIE YEOW - 745 words
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Article601 2000-02-26 24 IRENE NG - Racial ties now better but. in IRENE NG MOST Singaporeans believe that race relations are better today than 10 years ago, but fewer than one in two will bet their lives on these ties if there is a crisis. Only about 48 per cent of those polled in a survey601 words