The Straits Times : Weekly Overseas Edition, 27 May 2000
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2000-05-27
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The Straits Times : Weekly Overseas Edition
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Title Section19 2000-05-27 1 The Straits Times Weekly Edition Saturday May 27,2000 Price: S$ 1.20 (in Singapore) Elsewhere by subscription only MITA 074/08/9919 words
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514 2000-05-27 1 IGNATIUS LOW - Employees of firms with less than sloom in gross assets to pay half tax on gains; less generous tax exemptions likely for bigger ones Bti IGNATIUS LOW EMPLOYEES of start-up companies will pay only half the tax on gains from stock options, thanks514 words
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Article, Illustration310 2000-05-27 1 MANASI RAJAGOPALAN - By MANASI RAJAGOPALAN LITTLE Li Weixiong set a record the day he was born, having lived in his mother’s womb for 13 weeks after his twin sister died in a miscarriage. Housewife Khng Siew Moi, 39, gave birth to him atCHEW SENG KIM - 310 words
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Page 1 Advertisements
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Advertisement61 2000-05-27 1 Parliament Guarding Against Interference Politics in Singapore should be for Singaporeans only, says Home Affairs Minister Wong Kan Seng as the Political Donations Bill is passed. page 4 South-east Asia Orgy of Violence in Jakarta Student activists stop and bum four cars being driven by army officers and one navy61 words
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PRIME NEWS
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Article533 2000-05-27 2 Public safety will be threatened if an officer is overpowered and his firearm taken away from him THE police on Sunday defended the fatal shooting of a former mental patient who attacked a police officer last week, saying that his life and the public at large533 words
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Article, Illustration104 2000-05-27 2 A JOLLY GOOD SHOW! These lindy-hoppers will show the crowd how to have a swinging good time at the National Day pre-parade show on Aug 9, in a dance item choreographed by Ms Lim Sing Yuen (second from left). Making their first appearance at a NationalLAU FOOK KONG - 104 words
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398 2000-05-27 2 DEBBIE GOH - ss. DEBBIE GOH A FIVE-YEAR-OLD girl drowned at the Tampines Swimming Complex on Wednesday evening while a survival swimming test was on. Loi Yong Qjng’s father said on Thursday that the girl drowned in the short time that he and his wife took398 words
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286 2000-05-27 2 PAULINE LEONG - §IL PAULINE LEONG THE Singapore MRT (SMRT) is set to add buses to its service and become a multi-modal operator. The Public Transport Council (PTC) has given it the green light to operate nightbus services on three routes. The buses will ply from the downtowm286 words
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540 2000-05-27 3 CHUA MUIHOONG - But at least 75 per cent of residents on floors not served by lifts now must vote ‘yes’ and pay part of cost SiL CHUA MUIHOONG RESIDENTS in about 1,000 blocks of Housing Board flats without common corridors will be able540 words
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416 2000-05-27 3 LYDIA LIM - Bn LYDIA LIM BUYERS of Housing Board flats can now look forward to digital homes that come with six cable points and six telephone lines. All HDB flats tendered out from July will have telephone lines and cable points in the three416 words
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Article, Illustration667 2000-05-27 3 DEBBIE GOH - ABUSED TEEN BACK IN SCHOOL Bi, DEBBIE GOH DESPITE the heatw r ave, 14-year-old Lena w r ears a jacket and full-length stockings to school. And she bundles up in jeans and a sweater to play badminton under the hot sun. AllTHE NEW PAPER - 667 words
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PARLIAMENT
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560 2000-05-27 4 IRENE NG - Political Donations Bill passed. Aimed at blocking foreign interference, the law will cover all groups that engage in politics By IRENE NG CIVIL-SOCIETY groups which engage in politics cannot be left out from the Political Donations Bill, or it would create a loophole for560 words
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Article, Illustration357 2000-05-27 4 OPPOSITION MPs on Monday slammed the Political Donations Bill, saying it was designed to choke off funds to the opposition. Workers' Party MP Low Thia Khiang (Hougang) said the Bill would hit opposition parties hard as they rely on small donations357 words
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341 2000-05-27 4 OPPOSITION parties have only themselves to blame if they find it difficult to raise funds, and should not push the blame to the Government, Home Affairs Minister Wong Kan Seng said. He said of the Workers’ Party: “Don't blame...us. If you can't attract341 words
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645 2000-05-27 4 LIFTS are common facilities that serve everyone and it is unfair to make residents who benefit directly pay for them, several MPs said on Tuesday. Instead, the cost should be shared by all residents in a precinct or paid by the645 words
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HOME
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Article, Illustration474 2000-05-27 5 KAREN WONG - Trial of former NMP Chuang Shaw Peng is postponed to allow tape of phone conversation to be examined '•By KAREN WONG FORMER Nominated MP Chuang Shaw Pengs trial was postponed after his lawyer surprised the prosecution with a recorded conversation indicating that his client had474 words
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Article, Illustration373 2000-05-27 5 KRIST 800 - Br KRIST 800 THE 14-year-old marriage of Singapore’s first woman livertransplant surgeon ended on Tuesday after her husband filed for divorce. Dr Susan Lim, 45, wdio was the second doctor in the world to do a liver transplant, did not contest the373 words
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Article137 2000-05-27 5 KRIST 800 - *L KRIST 800 A JUNIOR-COLLEGE student died after he collapsed at the end of a 2.4-km run during a physical-education session in school. Saint Andrew’s Junior College student Gerald Ho, 17, had finished his run, but to cheer his classmates on, he turned back137 words
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Article432 2000-05-27 5 Bij NARENDRA AGGARWAL - By Bij NARENDRA AGGARWAL TAX revenue collected by the Government shot up a hefty 25 per cent in the first quarter of this year from a year ago, indicating that the economic recovery is strong and broadbased. All main sectors of tax contributions showed432 words
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Article332 2000-05-27 6 FOR nine months, factory operator Teo Lay Chin, 32, hid her pregnancy from her mother and uncle whom she lived with. When she was at home in her sparsely-furnished fourroom flat in Block 220, Boon Lay Avenue, the unwed woman kept to herself and332 words
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Article, Illustration43 2000-05-27 6 BURGLAR DID THIS! A burglar cut three such holes in the wall partitions of five offices at TT International Tradepark in Jurong between Monday night and Tuesday morning, creeping through them to steal about $3,300 in cash. WONG KWAI CHOWWONG KWAI CHOW - 43 words
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Article321 2000-05-27 6 KARAMJIT KAUR; and LEONG CHAN TEIK - KARAMJIT KAUR and LEONG CHAN TEIK THE parallel import of cars will become easier from next month when the Land Transport Authority'(LTA) liberalises car import rules. Car buyers can then expect more models and competitive pricing. The new rules make it simpler for individuals321 words
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587 2000-05-27 6 LEE SIEWHUA - Forgoing the notion that fulfilment can be found only in Silicon Valley, they want to work from home, says BG Yeo LEE SIEWHUA US CORRESPONDENT SAN FRANCISCO There has been a sea change in the attitude of tech-sawy Singapor- eans, who once thought they would587 words
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421 2000-05-27 6 LIANG HWEE TING - By. LIANG HWEE TING MORE families are saving “no" to organ transplants when their loved ones die. The percentage of families consenting to organ transplants from relatives who died dropped drastically, from 32 per cent in 1996 to just 21 per cent421 words
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505 2000-05-27 7 CHUA MUIHOONG - Those at Staff Grade 1 level had their salaries frozen for two years because of recession, and it is below benchmark By 1 CHUA MUIHOONG JUNIOR ministers and top civil servants at the Staff Grade 1 level have missed out on about $400,000 of505 words
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321 2000-05-27 7 CHONG CHEE KIN - STARING INCIDENT By CHONG CHEE KIN A GROUP of more than 10 youths attacked and stabbed to death a young man over an alleged staring incident at Clarke Quay early on Sunday morning. Mr Zulkifly Mahmud, 21, a regular with the Singapore321 words
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Article, Illustration56 2000-05-27 7 STEVENLEE WALKING TO A RECORD Thousands thronged the roads on Sunday for the 10th New Paper Big Walk. A record 77,500 registered for the 10-km event the largest number for any walk event in the world. The organisers are planning to register it with the GuinnessSTEVEN LEE - 56 words
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513 2000-05-27 7 AHMAD OSMAN - Bu AHMAD OSMAN PRIME Minister Goh Chok Tong has reassured Muslim Singaporeans that the Government wants madrasahs to produce Islamic teachers and leaders guiding the community on religious affairs. At a dialogue with some 60 Muslim leaders on Tuesday, he also proposed options for513 words
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Article, Illustration705 2000-05-27 8 SHARON VASOO - The days of underground 4-D gambling are numbered as police unmask runners in shophouses and the courts mete out stiff penalties Bu SHARON VASOO HE THOUGHT he could outsmart the police by using his innocuous provision shop as a front for his illegalJEROME MING - 705 words
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Page 8 Miscellaneous
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Miscellaneous1062 2000-05-27 8 RADIO SINGAPORE INTERNATIONAL (ENGLISH) PROGRAMME SCHEDULES 1100 1400 Hours (GMT) 6015 KHz (49M BAND) 6150 KHz (49M BAND) MONDAY 1100 News 1109 Business Market Report 1115 Arts Arena 1130 News 1135 Wired Up 1145 Newsline 1200 News/Weather (AsiaPacific) 1210 E Z Beat 1230 Business Market Report 1235 The Written Word1,062 words
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SPORTS
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Article, Illustration401 2000-05-27 9 GERARD WONG - GERARD WONG NO PAIN, no gain. Getting a crew-cut is probably one of the most painful things you can do to yourself, especially when you are a fashion-conscious teenager. But that is the first thing that the Singapore Cubs have done in their bidALBERT SIM - 401 words
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310 2000-05-27 9 ERNEST LUIS - Brt ERNEST LUIS SINGAPORE Armed Forces FC defender Tan Kim Leng has made a police report against two foreign players from Tanjong Pagar United. He made the report at the Queenstown Neighbourhood Police Centre late last Friday night after his team’s goal-less draw310 words
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472 2000-05-27 9 S. MURALI - FAS chief unaware and there is nothing Singapore can do, except smile. Five per cent of site’s 50,000 customers are from here bil S. MURALI BETTING on S-League matches is no longer just a Singaporean affair. An international betting house has started472 words
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Page 9 Advertisements
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Advertisement139 2000-05-27 9 THE NEW LEEDS EXECUTIVE MBA '->’ International Business, Finance General Business Beginning July 2000, executives from the region will be able to sign up for our well-regarded Leeds MBAs in International Business, Finance General which will now be fully taught in Singapore by Faculty from the Business School over a139 words
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MALAYSIA
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383 2000-05-27 10 New Straits Times. Berxama KUALA LUMPUR Malaysia's Health Ministry is to look into legislation that will enable the authorities to act against blood donors who falsely declare that they are not HlVpositive, acting Malaysian Health Minister Fong Chan Onn has said. ItNew Straits Times. Berxama - 383 words
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446 2000-05-27 10 BRENDAN PEREIRA - But foreign investors, especially strategic partners, may get to own a stake in them in certain cases BRENDAN PEREIRA MALAYSIA CORRESPONDENT KUALA LUMPUR Malaysia will not sell assets to foreigners to settle debts, said Prime Minister Mahathir Mohamad on Tuesday. But,446 words
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Article, Illustration630 2000-05-27 10 LESLIE LAU - By LESLIE LAU IN KUALA LUMPUR MALAYSIAN Chinese Association (MCA) president Datuk Seri Dr Ling Liong Sik will go on two weeks’ leave to mull over his future as minister. Dr Ling resigned on Monday as a Cabinet ministerTHE SUN - 630 words
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SOUTH-EAST ASIA
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472 2000-05-27 11 LUZBAGUIORO - By LUZBAGUIORO PHILIPPINES CORRESPONDENT MANILA President Joseph Estrada’s son escaped unhurt when suspected communist New People’s Army guerillas fired at his entourage during a visit to a northern town on Tuesday, prompting fresh security concerns in a country already awash in a wave472 words
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Article441 2000-05-27 11 LUZ BAGUIORO - LUZ BAGUIORO PHILIPPINES CORRESPONDENT MANILA An armed man who hijacked a Philippine Airlines (PAL) jet and robbed everyone on board plunged 1,800 m to his death after being pushed out of the aircraft by a crew member. Flight attendant Francis Cabel admitted pushing the441 words
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Article, Illustration451 2000-05-27 11 SUSAN SIM; and DEVI ASM ARAM - Angry mobs go on spree of violence, burning vehicles, in protest against police crackdown By SUSAN SIM and DEVI ASM ARAM STRAITS TIMES INDONESIA BUREAU JAKARTA A second day of student violence yesterday shocked an already-thin market into dumping stocks and the rupiahAFP - 451 words
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COMMENT
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Article597 2000-05-27 12 FRIDAY MAY 26,2000 THE Bill was numbered HR 4444. Some Chinese would have found the numbers inauspicious. But, in the event, this being a Bill before the United States House of Representatives to grant Permanent Normal Trade Relations (PNTR) to China, the numbering had no597 words
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Article603 2000-05-27 12 TUESDAY MAY 23,2000 MR CHEN SHUI-BIAN, now the President of Taiwan, showed in his inaugural speech last Saturday just how politically deft he could be. In the March 18 election, he won with only 39 per cent of the vote. That made him more pretender than603 words
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Article, Illustration761 2000-05-27 12 SIACHEONGYEW - SECOND LAST WORD B'J SIACHEONGYEW THE headline was somewhat provocative. But it should have caught the eye of the more thoughtful readers. “Can Singaporeans be relied on to do the necessary?” was the heading to my colleague Han Fook Kwang's Thinking Aloud761 words
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COMMENT / PERSPECTIVE
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Article, Illustration1068 2000-05-27 13 SUSAN LONG - MY VIEW b<j SUSAN LONG HOW much does it cost to keep workers loyal in the new economy? As Economic Development Board’s managing director Liew Heng San says, it is a whole new talent ball game now. The playing fieldLUDWIG ILIO - 1,068 words
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789 2000-05-27 13 JOHN DODSWORTH - JOHN DODSWORTH IN JAKARTA IT IS time to give Indonesia's economic team some credit. Over the past several weeks, public attention both inside Indonesia and elsewhere has focused exclusively on the country's political developments. This is understandable, considering recent dramatic events, including scandals789 words
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INSIGHT
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Article, Illustration1929 2000-05-27 14 Laurel Teo - It has been six years since the formula to benchmark ministers’ pay to that of top private-sector professionals was instituted. As the formula comes under review, CHUfI MUIHOONG looks at the controversy surrounding it and asks: Should ministers’ pay be revised? Additional reporting by LaurelLUDWIG ILIO - 1,929 words
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195 2000-05-27 14 CEO pay in the United States has quadrupled in the last six years, due to the scramble for talent. From US$2.B million (Ss4.B million) a year in !994 r the average CEO of a large corporation earned US$l2.4195 words
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Article, Illustration986 2000-05-27 15 ASAD LATIF - THINKING ALOUD B'J ASAD LATIF AS TERRORISTS grab hostages and turn jihad into a threat, memories of a Muslim childhood soothe my anguish. To speak of myself is to speak first of my father. As a child, he received a strict religious upbringing.NOEL ROSALES - 986 words
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MONEY
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Article272 2000-05-27 16 Azhar Khalid - Azhar Khalid THE Singapore stock market went into a downward spiral this week amid interest-rates uncertainty and volatility on Wall Street. The Straits Times Index (STI) fell 171.79 points over the week to close at 1,820.63 points, a new low in a year. Uncertainty over272 words
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Article76 2000-05-27 16 Straits Times Index The Straits Times Index dropped 171.79 points on the week to 1820.63. DAY CLOSE TURNOVER Monday 1929.88 (-62.54) 234.8m ($525.0m) Tuesday 1905.78 (-24.10) 272.4m ($514.6m) Wednesday 1871.94 (-33.84) 321.7m ($619.2m) Thursday 1850.24 (-21.70) 365.3m ($678.6m) Friday 1820.63 (-29.61) 301.4m ($663.6m) BT-SRI Index The BT-SRI76 words
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Article1871 2000-05-27 16 Company Date ann Net earn TY LY ($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 3.581,871 words
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Article202 2000-05-27 16 BONUS ISSUE Company Ratio Exdate Books close ACC Paymt S Reinsurance Amtek First Enqq one-for-ten one-for-four one-for-one Jun 21 May 12 May 22 Jun 26 May 17 May 25 Jul 7 NA NA RIGHTS ISSUE Company Ratio Exdate Books close Acc Paymt Raffles Medical three-for-ten @$0.10 May 15202 words
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Article196 2000-05-27 16 Company Place Date Time Hotel A Hilton S'pore June23 4.00pm Prop 581 Orchard Rd 3rd Fir Ballroom 1A (*****3) United A 81A Clemenceau Ave June21 11.30am Engineers E 5th Storey Park Avenue Suites S'pore (*****8) Vickers E Hotel New Otani June19 11.30am Balias 177A River Valley Rd S’pore196 words
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Article65 2000-05-27 16 Company Description SM Summit Proposed a bonus issue of up to 74,062,500 new Ord shares of $0.10 each on the basis of 1 for 4. Spore Exchange has granted in-princi-ple approval for the listing. WBL Corp Proposed rights issue of up to 34 million warrants in conjunction with65 words
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Article1370 2000-05-27 16 Payment (cts) Ex date Books close Pay date ASJ Hldgs 20c b 0.75 Jun 6 Jun 9 Jun 16 ACE Dynamics 20c F 0.05 Jun 19 Jun 22 Jul 5 Acma 50c F 1.25 Jul 7 Jul 12 Jul 28 Allgreen 50c F 2.5 Jun 5 Jun 81,370 words
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Article1692 2000-05-27 17 UNIT TRUSTS FUNDS May 27,2000 Managers' prices (S$) UNIT TRUSTS Aberdeen Asset Mot Asia Ltd Aberdeen Select Portfolio: Global Technology Fd!** 1.183 1.243 UK Blue Chip Fd!** 0.850 0.894 American Opport Fd 1.070 1.124 Continental Euro Eqty Fd 1.188 1.248 Japan Eqty Fd!** 1.499 1.575 Asian Fixed Income Fd 0.9971,692 words
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Article, Illustration767 2000-05-27 17 IGNATIUS LOW - It is hiring more staff and will soon offer an ATM and Net banking in a bid to draw those put off by POSBank fee Zl IGNATIUS LOW LITTLE-KNOWN Telecoms Credit Cooperative (TCC), which has offered quietly a “nofrills” banking service the past fourJALEHA HASHIM Photo: LUIS ASCUI - 767 words
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Article3944 2000-05-27 18 Transact ion date: May 26,2000 MULTI INDUSTRY 52-Wk Curr Last Vol Day Gris Net M Cap Wt Avg High Low Company Traded Sale ♦or'000 High Low Div P/E $mil Price 182 95 me Acma50c 113 cd -2 207 115 112 5 14.1 196.1 116 843,944 words
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Article1277 2000-05-27 19 52-Wk High Low Curr Last Company Traded Sale ♦orVol '000 Day High Low Gr*s Div Net P/E M Cap $mil Wt Avg Price MANUFACTURING 218 98.5 c AS Auto 10c 102 -4 627 104 100 10 N 133.9 107 137 79 c ASJ Hldgs 20c 90.5 edeb 3.81,277 words
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Article1543 2000-05-27 19 BONDS, LOANS WARRANTS Transaction date: May 26,2000 52-Wk High Low Company Last Sale ♦orVol '000 Day Hiqh Low Last Quote Buyer Seller Wt Avq Price 80 16.5 s Acma W*****4 18 +0.5 133 18 16.5 17.5 18 19 59 7.5 s AIITech W*****7 18 15 9 53 15 s Armstrong1,543 words
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Article147 2000-05-27 19 (9am, May 26) Buying OD Selling Singapore dollars to one unit of foreign currency Australian dollar 0.9760 0.9890 Canadian dollar 1.1390 1.1630 N2 dollar 0.7800 0.7970 Sterling pound 2.5350 2.5610 US dollar 1.7250 1.7370 Singapore dollars to 100 units of foreign currency Austrian schilling 11.36 11.60 3.870 3.960 Chinese147 words
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Article, Illustration47 2000-05-27 20 JEROME MING ONE-IN-A-MILLION: Ms Stephanie Teo Stze Hwa, 30, a quality manager at a French company, drove home with the top prize of a brand-new Mercedes-Benz 200 in Sunday’s Sing Tel Mobile Grand Lucky Draw. Ms Teo was Sing Tel Mobile’s one millionth customer. JEROME MINGJEROME MING - 47 words
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591 2000-05-27 20 IGNATIUS LOW; and DOUGLAS WONG - Public can apply for more than 59m shares and 37m of these are for online applicants only IGNATIUS LOW and DOUGLAS WONG CONFIDENT of a strong product, SPH Asia One on Tuesday launched its initial public offering (IPO) for a mainboard listing.591 words
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Article378 2000-05-27 20 LEONG CHAN TEIK - By LEONG CHAN TEIK THE cost of buying unit trusts, a bugbear among investors, is falling. United Overseas Bank (UOB) on Monday announced that it is cutting its fee on sales from 5 per cent a fairly common rate in the market to as low as378 words
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Article174 2000-05-27 20 DENESH blYYANATHAN - By DENESH blYYANATHAN ASIAONE’S eight-member board of directors will be headed by Mr Ernest Wong, 55, president of the United Overseas Bank Group, as its non-ex-ecutive chairman. Apart from Mr Wong, the other board members are also experienced people from a broad variety of backgrounds.174 words
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483 2000-05-27 20 Bi) NARENDRA AGGARWAL - Bi) NARENDRA AGGARWAL GROWTH of Singapore’s key non-oil domestic exports slowed unexpectedly to merely 1.2 per cent last month from a year ago, according to official data released last Saturday. Most economists had expected the strong double-digit growth trend recorded over the previous483 words
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Page 19 Advertisements
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Advertisement16 2000-05-27 19 Buy It. Sell It. Find It. Classified. rdxj M > CAT.S. Call Today For Results Tomorrow. 1800-737-116616 words
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Page 21 Advertisements
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Advertisement915 2000-05-27 21 The Straits Times Weekly Edition STATS SENIOR/ACCOUNTANT (COST ACCOUNTING) Job: Responsible for standard settings and maintenance; actual cost and variance analysis; inventory’valuation and control; system enhancement; cost modelling; and management reporting Requirements: Degree or professional qualification in Accountancy' Diploma holders with at least 5 years' relevant cost accounting experience may915 words
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Page 22 Advertisements
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Advertisement1064 2000-05-27 22 Elevate your f**> Professional standing with an *8 *8 S ll n 8 >t, fit m > IS intern *lO. EVERLASTING ayer Trust us for life American International Assurance (AIA) is a member of American International Group (AIG) of Companies with global assets of over US$267 billion in more than1,064 words
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FORUM
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257 2000-05-27 23 WE REFER to the letters, “Let’s show kindness to HIV-stricken families” and “Test foreign spouses early for HIV” (ST, May 16), “Let women with HIV stay on” (ST Weekly, May 20) and “Moral, legal duty to let HIV spouses remain here” (ST,257 words
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635 2000-05-27 23 WE THANK Ms Julia Wong of the Ministry 7 of Health and Ms Sharon Wong of Singapore Immigration and Registration for giving the official stand on the break-up of Singaporean families affected by HIV (See letter above). The main concerns are safeguarding public health635 words
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253 2000-05-27 23 THE pay that ministers and top civil servants enjoy has always been a bone of contention. In the light of the report that they have missed out on $400,000 in pay rises due to a wage freeze (See Page 7), I would like253 words
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Article, Illustration643 2000-05-27 23 Deputy Prime Minister Lee Hsien Loong made an important observation on Singaporean companies’ recent roller-coaster fortunes overseas in the report, “BG Lee to firms: Be sensitive when venturing overseas’* (ST, May 20). Being a small nation, he cautioned that “some countries may not be happy that643 words
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Article541 2000-05-27 24 DOMINIC NATHAN - Plans include new pricing strategies and incentives Tor power companies to get customers to use less electricity Bu DOMINIC NATHAN THE plug is being pulled on inefficient energy use, in a move that could save billions of dollars needed for new power plants. A government541 words
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Article, Illustration824 2000-05-27 24 BRAEMAMATHI - WOMEN WANT TO MARRY UP r FOREIGNERS HAVE PR WOES Sa BRAEMAMATHI WHEN it comes to getting married, lower-income Singapore men have a problem. First, they find it difficult to get a local wife. About two-fifths of the over 77,000 single menLUIS ASCUI; JALEHA HASHIM and CHRISTIAN INTON - 824 words