The Straits Times : Weekly Overseas Edition, 13 May 2000

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Total Pages: 24
1 24 The Straits Times : Weekly Overseas Edition
  • 19 1 The Straits Times Weekly Edition Saturday May 13,2000 Price: S$ 1.20 (in Singapore) Elsewhere by subscription only MITA 074/08/99
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  • 571 1  -  The tie-up would have been something to not only sing and tell about, but to also do a song and dance about, says BG Lee By DOUGLAS WONG IN KUALA LUMPUR IN THE end, the doubters were proven right. Two months after losing
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  • 496 1  -  *IL JLLYN KANG THE EXCITED birthday girl could not stop smiling or asking for more cake. And as she ate, onlookers cooed and gushed, for this was no ordinary birthday celebration. Madam Tay Kiong has just turned 110. She is the oldest resident at Apex
    DESMONDFOO  -  496 words
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  • PRIME NEWS
    • 338 2  -  From Tune, the limits will go up by 10 Kmh in some areas. Speed limits for commercial vehicles to be raised later *L LESLIE KOH MOTORISTS will be able to cruise down highways faster in the next few months, when speed limits go up
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    • 445 2  -  WORKPLACE By NARENDRA AGGARWAL HAVING family-friendly policies for the workplace is good, but if it means a strict five-day work week which lets everyone off at weekends, better think again. The rigidity 7 of such a system would raise the cost of doing business here,
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    • 444 2  -  S!L KARAMJIT KAIR GETTING to run a Singapore Pools lottery outlet is going to be as tough as bagging the Singapore Sweep. There is a mad scramble to operate the 50 new betting outlets that are to come up islandwide. In just tw
      JOYCE FANG  -  444 words
    • 649 3  -  The number of murders, rapes and serious assaults here are lower than many other ‘safe’ countries, survey finds «V TAN 001 BOON SINGAPORE is a “gun-free” state, probably the only country where no one has died from a killer’s bullet in recent times,
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    • 318 3 A SEVEN-MONTH-OLD baby sleeping beside his I V2 -year-old brother died after the older boy rolled over and apparently suffocated him. The baby’s father found baby Ong Kai Hong lying motionless on a mattress at around 10 pm on Wednesday. His face was
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    • 328 3  -  *L KKISTBOO REPORTS by two Singapore American School students that they were the victims of abduction attempts have led the school to warn parents to be on guard. The private school in Woodlands, in a circular sent out to parents some weeks ago, alerted
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    • 208 3 WORKERS’ Party chief J.B. Jeyaretnam on Thursday paid up a debt he owed to two lawyers and so a bankruptcy order against him w 7 as set aside. It means he will keep his parliamentary 7 seat as a NonConstituency MP. The bankruptcy
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  • HOME
    • 476 4  -  Hotels, homes, shops to come up on St John’s, Lazarus and Renget islands in s2Bom project to be completed by 2007 Bij_ KOH BOON PIN THREE of Singapore’s 63 offshore islands are being turned into resort-style developments for tourists and those who can afford the
      Source: SINGAPORE TOURISM BOARD; C. CHANDRADAS  -  476 words
    • 408 4 THE Southern Islands will not be developed into another Sentosa. Instead, they will be transformed into an Asian version of Capri, an idyllic island resort off the west coast of Italy. As STB’s redevelopment consultant, Mr Spoerry, envisions it, it 'wall be a Capri without cars.
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    • 236 4 ABOUT 4,000 households have been told by the Housing Board to remove all potential killer litter outside their flats. Such objects include residents’ potted plants perched on parapet walls, bird cages hanging from windows, or metal brackets supporting bamboo poles of washing. The action
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    • 119 4 THE ex-Singapore Airlines supervisor who allegedly pocketed $35 million of company funds intends to plead guilty to his crimes. But the hearing of the biggest criminal breach of trust case here was stalled last week because Teo Cheng Kiat, 47, could not accept
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    • 774 5  -  A close-knit family fell apart when the oldest son ran away. Then policemen came to tell them he robbed a cabby Ĕ!L ALETHEALIM BUSINESSMAN Amir Singh and his teacher-wife thought they had the ideal family. They had three sons, aged 17, 14 and 10 part
      LAL FOOK KONG  -  774 words
    • 753 5  -  DERRIE GOH, KARAMJIT KAUR and KRIST ROO EXPECT to pay more when you board a Comfort or Yellow-Top taxi from June 12. That will be wiien their fare meters run faster and hailing them inside the Central Business District (CBD) on
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    • 560 6  -  LIANG HWEE TING THE reward for her meticulous and careful housework w r as chronic back pain that has plagued her for 10 years now. A typical day for housewife Liaw Beh, 58, a mother of two growm-up children, included
      JOYCE FANG  -  560 words
    • 284 6  -  *2. ASAD LATIF IT WILL soon be against the law for political parties and political associations, and for parliamentary and presidential candidates, to receive foreign donations. Anonymous donations will also be limited strictly to less than $5,000 in any one year. And only Singaporean
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    • 500 6  -  The data gathered can be used to design more suitable vehicles and fitting helmets for servicemen Bn CHONG CHEE KIN THE Singapore soldier has been measured, from head to toe, so that he can be given a more comfortable suit of armour, which fits better.
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    • 348 8  -  An upgraded fountain, perfumed foam parties and a fishing villageare being planned to bring in the crowds to the resort island *1 KOH BOON PIN AN UPGRADED musical fountain, gigantic mechanical bugs and perfumed foam parties. These are just some of the attractions Sentosa has
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    • 275 8 SENTOSA'S Fantasy Island, wiiich was hit by a drowming tragedy in March, will re-open four of the five rides that were closed after the accident. The theme park, which saw admissions drop by as much as 50 per cent after the incident, hopes to
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  • PARLIAMENT
    • 494 7 Bank charges were inevitable because POSBank had been losing money on its smaller accounts, says DPM Lee THE days of free banking enjoyed by POSBank customers were numbered because the bank was not only losing money on its small accounts, but was also losing
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    • 603 7 Co-operative bank ‘not the solution A CO-OPERATIVE bank is not the answer for workers who require affordable banking facili- ties. Like commercial banks, cooperative banks incur costs in providing banking services. They are also at a major disadvantage because they lack the economies of scale that are vital for keeping
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    • 851 7  -  FROM THE GALLERY CHL A LEE HOONG IT WAS a significant moment in Parliament last Tuesday, and it wasn’t because the press gallery w 7 as packed full for the first time in its admittedly short history. No, it was because at
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  • Page 8 Miscellaneous
    • 1065 8 RADIO SINGAPORE INTERNATIONAL (ENGLISH) PROGRAMME SCHEDULES TIOO 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 ReDort 1235 Tne Written Word
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  • SPORTS
    • 698 9  -  TV, rain and poor standards result in second-lowest attendances at S-League matches since its inauguration in 1996 Bn KELVIN PHANG ATTENDANCE at S-League matches has fallen to a drastic low, but official alarm bells are not ringing yet. In the latest figures released by the Football
      Photo montage: MIKE M DIZON  -  698 words

  • MALAYSIA
    • 611 10  -  At Umno general assembly, he says the New Economic Policy is not a complete success and bumiputeras have not arrived yet BRENDAN PEREIRA M ALAYSIA CORRESPONDENT KUALA LUMPUR As expected, Malaysian Prime Minister Mahathir Mohamad came out strongly at the Umno general assembly on
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    • 467 10 AFP KUALA LUMPUR An Indonesian maid w-as allegedly beaten by her employers with a broomstick because a mosquito had bitten their baby.. Sri Mulyati Hamid, 26, at a press conference on Tuesday organised by the Women's Aid Organisation (WAO) where she has taken refuge, said
      – AFP  -  467 words
    • 326 10 PETALING JAYA The existing number of Syariah Court judges is insufficient to meet the tremendous growth in the Muslim population here, Muslim lawyers have said. They said that efforts must be taken to increase the number of Syariah judges as well as courts
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  • SOUTH-EAST ASIA
    • 546 11  -  By BRAEMAMATHI in HO CHI MINH CITY FIVE-YEAR-OLD Tran spends most of her time lying in a cot at the Tu Du Maternity Hospital. She smiles as you stroke her and reaches out to enclose your finger in her tiny palm, but doing anything more
      LUIS ASCI I  -  546 words
    • 398 11  -  By LUZ BAGUIORO PHILIPPINES CORRESPONDENT MANILA A Filipino computer student on Thursday admitted he wrote a thesis proposal on a software program which closely resembles the “ILOVEYOU” computer virus but denied he developed and unleashed the electronic plague which crippled computers
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    • 463 11 The President’s controversial leadership style could lead to ‘de-legitimation’ of government, coalition partner warns JAKARTA Officials from the Indonesian Democratic Party-Peijuangan (Struggle), the main partner in President Abdurrahman Wahid’s coalition administration, said his controversial leadership style is causing consternation and could lead to
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  • COMMENT
    • 579 12 TUESDAY May 9, 2000 THE Prime Minister's offer last weekend to preserve the character of madrasahs, should compulsory education be introduced, ought to be recognised for what it is an act of accommodation. It should calm an increasingly agitated exchange between the Government’s Malay-Muslim caucus and community leaders
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    • 587 12 THURSDAY May 11,2000 A BILL to regularise the giving of political donations is making its way through Parliament, with its principal feature being a ban on contributions from foreign sources. Not before its time, it can be said. There is no known incidence in recent memory of
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    • 802 12  -  SECOND LAST WORD By 808 NG IT IS with no small dose of sympathy that I read the tw-o long letters of Case’s executive director Edmund Baker these last two weeks, defending its record in consumer protection. Given all the obstacles
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  • COMMENT • PERSPECTIVE

  • INSIGHT
    • 2646 14  -  Housing Board chairman Ngiam Tong Dow believes that an HDB address can be as prestigious as a private-estate address. Yes or nor SITIANDRIANIE sounds out the idea with young Singaporeans, academics, politicians and architects. Additional reporting by Lim Wei
      CHRISTIAN INTON and MIKE M Dl'/ON  -  2,646 words


  • MONEY
    • 346 16  -  Chee Jann Perng THE Singapore bourse came dangerously close to the key 2,000 level on Thursday, under the weight of a looming inter-est-rate hike in the United States and sharp corrections on Nasdaq. Over the week, the Straits Times Index (STI) fell 91-71 points to
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    • 1830 16 Company Date ann Net earn TY LY ($m) <$m) EPS TY LY (cts) (cts) ACE Dynamics Mar 23 P 0.797 0.758 0.90 0.99 Allgreen Mar 22 P 97.189 261.67L 10.1 36L Amara Hldgs Mar 28 P 2.252 2.122 0.39 0.37 Asia Food Mar 27 P 37.042 140.927 3.58
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    • 86 16 Straits Times Index The Straits Times Index fell 91.71 points on the week to 2,026.65. DAY CLOSE TURNOVER Monday 2,079.38 (-38.98) 378.8 m ($435.3 m) Tuesday 2,089.48 (+10.10) 385.3 m ($436.2 m) Wednesday 2,057.22 (-32.26) 464.6 m ($555.1 m) Thursday 2,003.72 (-53.50) 507.1 m ($591.5 m) Friday
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    • 1258 16 Payment (cts) Ex date Books close Pay date Acma 50c F 1.25 Jul 7 Jul 12 Jul 28 Allgreen 50c F 2.5 Jun 5 Jun 8 Jun 27 AuricPac 50c F 2.68 May 3 May 8 May 23 Berger Intl25c b 0.125 Jun 15 Jun 20 Jul 3
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    • 163 16 BONUS ISSUE Company Ratio Exdate Books close Acc Paymt First one-for-one May 22 May 25 NA Engg Amtek one-for-four May 12 May 17 NA RIGHTS ISSUE ExBooks Acc Company Ratio date close Paymt Raffles three-for-ten @$0.10 May 15 May 19 NA Medical OTHERS ExBooks Acc Company Ratio date
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    • 141 16 Company Place Date Time Noble Grp A 38 Gloucester Rd CRC Protective Tower 18th Floor Hongkong June 8 11.30am ST AssemblyA 5 Yishun Street 23 June 8 10.00am S'pore (*****2) Hong A Board Room, 61st Fir May 30 3.00pm Leong Asia E 9 Raffles Place Republic Plaza S'pore(0486i9)
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    • 51 16 Company Description United Engg Proposed a bonus issue of up to 52,152,834 new Ord shares of $1.00 each in the capita! of the company on the basis of one for every three. Osprey Maritime Proposed reduction of the par value of each ordinary share of US$1 each into
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    • 1752 17 UNIT TRUSTS FUNDS May 13,2000 Managers' prices (S$) UNIT TRUSTS I Aberdeen Asset Mat Asia Ltd I Aberdeen Select Portfolio: Global Technology Fd!** 1.225 1.287 j UK Blue Chip Fd!** 0.869 0.913 American Opport Fd 1.062 1.116 I Continental Euro Eqty Fd 1.199 1.260 Japan Eqty Fd!** 1.551 1.629 Asian
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    • 541 17  -  After numerous piecemeal changes since 1967, the Act will be reshapedto be both up-to-date and practical By IGNATIUS LOW THE 33-year-old Singapore Companies Act is being rewritten from scratch by a high-level private-sector committee with the aim of making the statute leaner, more
      JEROME MING  -  541 words
    • 350 17  -  By DENNIS CHAN PSA CORPORATION hopes to list on the stock exchange within the next 12 months. In an interview aired on television yesterday, its chairman Yeo Ning Hong told CNBC Asia that the company is ready to list any time once it gets
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    • 4140 18 Transaction date: May 12 r 2000 MULTI INDUSTRY 52-Wk Curr Lest Vol Day Gr*s Net M Cap Wt Avg High Low Company Traded Sale ♦orooo Hiqh Low Div P/E $mil Price 182 95 m c Acma 50c 132 Cd +1 182 133 131 5 16.5
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    • 1257 19 52-Wk High Low Curr Last Company Traded Sale ♦orVol '000 Day High Low Gris Div Net P/E M Cap $mil Wt Avg Price MANUFACTURING 218 100 c •AS Auto 10c 138 unch 311 140 137 10 N 181.2 139 137 67.5 c ASJ Hldgs 20c 90.5 3.8 13.5
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    • 1526 19 BONDS, LOANDS WARRANTS Transaction date: May 12,2000 52-Wk High Low Company Last Sale ♦orVol -000 Day Hiqh Low Last Quote Buyer Seller Wt Avq Price 80 17 s Acma W*****4 ...25.5 -0.5 348 27 24.5 25 25.5 27 59 8.5 s AIITech W*****7 8.5 unch 5 8.5 8.5 8.5 15
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    • 149 19 (9am, May 12) Buying OD Selling Singapore dollars to one unit of foreign currency Australian dollar 0.99'0 1.0040 .Canadian dollar 1.1470 1.1720 NZ dollar 0.8140 0.8310 Sterling pound 2.5820 2.6090 US dollar 1.7200 1.7310 Singapore dollars to 100 units of foreign currency Austrian schilling 11.19 11.42 Belgian franc 3.810
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    • 543 20  -  Proposed savings scheme will let you, in your old age, put part of your pay in private financial institutions for investment tin AZHAR KHALID SINGAPORE workers participating in a proposed savings scheme for old age wall be allowed to defer taxes payable on
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    • 604 20 A new scheme to help Singaporeans to continue to live the life they have been accustomed to will be introduced next year. The Supplementary Retirement Scheme (SRS) is voluntary and will be in addition to the CPF scheme. It is open to Singaporeans as well as
      MIKE M DIZON  -  604 words





  • Page 21 Advertisements
    • 1072 21 The Straits Times Weekly Edition APPOINTMENTS A. -v V-,. r mm mm* > 4 m m i V vt m '*v r- c:r V, :•> V A v > 'viCV’TY* .-I >• v .r- l v\ v v> v v V ■V“'t .W 'M v f A■ -v. m ork0
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  • Page 22 Advertisements
    • 800 22 File Edit Uieui Options Netii Open... Close Career Opportunities in IT Saue Saue Rs Send Quit Sing Tel Yellow Pages Pte Ltd (SYP), a member of the Singapore Telecom Group, is the official publisher of the Singapore Phone Book and Yellow Pages. SYP today has emerged as a multi-dimensional information
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  • FORUM
    • 830 23 THE Government’s effort to promote sports in Singapore is remarkable. Money and effort have been put into making sports facilities easily accessible to the public. An important aspect of making sports a part of our everyday life is the concept of “sporting excellence”. When
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    • 450 23 THERE are some worrying aspects in the article, “Spore Pools to open 50 new outlets*’ (ST, May 5). It makes a thinking citizen wonder if it is in the interest of the general public to encourage and promote gambling further, which is already endemic and
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    • 323 23 I READ with interest the recent debate over Haw Par Villa Park, and the huge losses it incurred due to dwindling visitors. I have fond memories of the park in my childhood days, in the 1970s, when it was hugely popular. Through its
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  • 498 24  -  Solution is to let affected customers boost their bank balances with CPF savings, possible in about six months IGNATIUS LOW THE Government will not intervene in the POSBank saga by either providing a subsidy for lower-income account holders or asking DBS Bank to hold
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  • 220 24  -  LYDIA LIM FOOD inspectors will be posted to Malaysia, Indonesia and Thailand by the end of this year as part of a “forward defence programme” to make sure that imported food is safe. Announcing the new initiative, National Development Minister Mah Bow Tan
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  • 365 24  -  Bn LIANG HWEE TING TEENAGER Turbold Erdenekhuu had a tough life. He sold drinks on the streets of Ulan Bator in Mongolia, and helped to care for his sick, widowed mother and four siblings. He w’as five when his father died, his mother suffers from
    ALBERT SIM  -  365 words