The Straits Times : Weekly Overseas Edition, 14 October 2000

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Total Pages: 24
1 24 The Straits Times : Weekly Overseas Edition
  • 19 1 The Straits Times Weekly Edition Saturday October 14,2000 Price: S$ 1.20 (in Singapore) Elsewhere by subscription only MITA 072/08/2000
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  • 549 1  -  Economy set to hit 9% Unemployment drops to 2.5% Ministry of Trade and Industry also gave a preliminary forecast P S r-t ir J of 5- growth tor next year LOH CHENYI SINGAPORE’S economy grew at its fastest rate in three years in the third quarter of
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  • 173 1  -  THERESA TAN HE FIXED the soles of people’s shoes, plving his trade on a McCallum Street five-foot way, between Robinson Road and Shenton Way. On Thursday, a dav after Cobbler Wong Yin died, flowers and goodbv e notes appeared at the spot where he
    STEVEN LEE  -  173 words
  • 261 1  -  BETSY PISIK IN THE UNITED NATIONS SINGAPORE will represent Asia on the United Nations Security Council next year, winning Tuesday’s election by UN member states on the first ballot. It is the first time Singapore will take its turn on the powerful UN
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  • PRIME
    • 520 2  -  The restoration raises employers’ rate to 16 per cent and affects workers according to age By AHMAD OSMAN LABOUR CORRESPONDENT WORKERS will get back another 4 percentage points from employers’ contribution to their Central Provident Fund from January next year. The
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    • 341 2  -  §1 JANE LEE PARENTS are up in arms over the mathematics paper that their 12-year-olds sat for last Friday in the Primary School Leaving Examination (PSLE). Twenty-six parents have called The Straits Times since Monday to complain that the paper was too difficult.
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    • 337 2  -  By EDMUND TEE A COUPLE in Bishan have become the first in Singapore to live in a fully-enabled Internet home. Mr Raymond Tang and his wife Ashley Aw are able to turn on the lights or see on video what is happening at home, via
      GEORGE GASCON  -  337 words
    • 377 2  -  Si NEAL COOKE A SEVEN-YEAR-OLD boy is in intensive care with 27 per cent burns to his head and body after being deliberately set alight by a man who had allegedly been stalking his mother. See Chai Seng, a 28-year-old gas delivery man was
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    • 799 3  -  Parents who don’t register kids will be persuaded, counselled, and face a fine or jail if all else fails §1 M. NTRMALA ALL children born from Jan 1, 1996, will be assured of at least six years of education, as a bill has
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    • 129 3 OIL'S NOT WELL YET: MORE than 1,500 bags of oil and oil-covered debris were collected in two days from the beaches of Batam and other islands nearby. A massive clean-up operation has been going on since the Natuna Sea tanker ran aground last Tuesday, spilling 7,000
      ALAN LI M  -  129 words
    • 375 3  -  Bu CHUA CHIN HON DESPITE some initial hiccups, adventurer Khoo Swee Chiow is on track to climb Irian Jaya’s Carstensz Pyramid. He plans to climb the 4,884-m-high mountain as part of his Seven Summits quest, but has been beset by a host of
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    • 249 3  -  *L JOSEPHINE JAMES A MONTH after the happy news of the first-known pink-dolphin pregnancy in captivity comes the news of its unhappy ending. Underwater World Singapore said on Wednesday that Namtam the pink dolphin had miscarried on Sept 22. It is one of six In-do-Pacific humpbacked
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  • PARLIAMENT
    • 543 4 If they do not achieve expected standards, they will have to stop teaching core secular subjects ISLAMIC religious schools or madrasahs have eight years from now to achieve the minimum academic standards expected of their students. If they cannot, they will not be
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    • 786 4 RECENT oil-price increases will have minimal impact on Singapore’s economy, as oil and related commodities account for only 10 per cent of the Consumer Price Index. “We expect the Singapore economy to perform well for the rest of this year and next, despite the
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    • 247 4 DANISH shipping giant Maersk Sealand’s decision to move its transhipment hub to Tanjung Pelapas port in Johor, Malaysia, does not mean that national port operator PSA Corp is uncompetitive. PSA’s rates are a third to a half of those that ports in
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  • HOME
    • WEEKEND TRAGEDIES:
      • 351 5  -  Bn K.C. VII AY AN A 23-YEAR-OLD rock climber fell to his death apparently while scaling a near-vertical cliff at the Dairy Farm quarry area near the Bukit Timah nature reserve on Sunday afternoon. Some people strolling on a mountain-bike trail about 200 m away
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      • 410 5  - and swimmer dies in collision with ski boat By K.C. VIJAYAN A SWIMMER died when he collided with the propellor blades of a ski boat in the middle of the Kallang River last Saturday afternoon. The unidentified man suffered deep cuts along the length of his right torso. He was
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    • 469 5  -  It is rated best MBA institute in Asia and Australia by Asia Inc magazine. NTU’s school moves three notches up, to Bth place *L EUMCE LAU THE business school from the National University of Singapore (NUS) has been picked as the top MBA institute
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    • 172 5 A HAWKER threatened to cut up his ex-wife for a curry dish after accusing her of being involved with another man. Toh Ah Seng, 53, was in a drunken state when he went to the home of his exwife, Madam Lim Geok Siew, 52,
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    • 511 6  -  Patients at some polyclinics will not need to travel to town to see specialists. Instead, specialists will visit them at the polyclinics Reports by SALMA KHALIK HEALTH CORRESPONDENT SPECIALIST treatment will soon be available at some polyclinics, under a major revamp of polyclinic operations
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    • 470 6 AT LEAST six doctors in private practice will switch to the public sector, having been lured by the recent pay rise and the promise of better hours. Another four intend to cross over once they have collected their year-end bonus. The Health Ministry
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    • 117 6 BIKERS' BID TO SAVE RHINOS l The world’s rhinoceroses may be tough, but they need to be saved. So who better to turn to than 200 bikers in gleaming Harley Davidsons and BMWs? In support of World Animal Day, the keen bikers some of them
      DESMOND FOO  -  117 words
    • 402 6  -  Bu <3 SITIANDRIAME IT HAD promised to be more than a mere talkfest. And, judging by the steady stream of proposals from a larg-er-than-expected crowd, Singapore’s first trial district meeting last Saturday more than delivered the goods. The three-hour marathon session by the Tanjong
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    • 539 8  -  Former minister, on the mend after heart-bypass surgery, gets an autographed copy of memoirs Bu SHARON VASOO THREE weeks ago, former Social Affairs Minister Othman Wok received a gift from an old friend while recuperating at home from heart-bypass surgery* Senior Minister Lee
      TAN SI AN ANN  -  539 words


  • Page 7 Advertisements
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  • Page 8 Miscellaneous
    • 1062 8 RADIO SINGAPORE INTERNATIONAL (ENGLISH) PROGRAMME SCHEDULES 1100 1400 Hours (GMT) 6015 KHz (49M BAND) 6150 KHz (49M BAND) MONDAY 1100 News 1109 Business Market Report 1115 Arts Arena 1130 News 1135 Wired Up 1145 Newsline 1200 News/Weather (AsiaPacific) 1210 E Z Beat 1230 Business Market Report 1235 The Written Word
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  • SPORTS
    • 707 9  -  He is rewarded by SPGA for his surprise PFP Classic win: He will represent Singapore at the World Cup qualifiers in South Korea GOLF B„ TAY CHENG KHOON LAM Chih Bing’s fairy-tale weekend continued with news of his selection to represent Singapore at
      THE STAR/ASIA NEWS NETWORK  -  707 words
    • 534 9  -  BOWLING *IL MARC LIM NATIONAL coach Ron Hoppe would not mind bringing out the pom-poms if he has to. The 62-year-old American is hoping that Andrew Fang and Jesmine Ho, Singapore’s representatives to the AMF World Cup in Portugal from Oct 15-21,
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  • MALAYSIA
    • 462 10 The Star/Asia News Netw’ork, New Straits Times KLUANG Police have blamed the jeering crowd for hampering their efforts to disarm a knife-wielding man who took a 10-year-old schoolboy hostage for four hours before the man was shot dead. They said the crowd provoked the man,
      The Star/Asia News Netw’ork,; New Straits Times; \ST; THF STAR  -  462 words
    • 173 10 KUALA LUMPUR Malaysia's premier university 7 University Malaya (UM), has set up a Speakers’ Corner to give undergraduates a platform to air their views and opinions on a variety’ of issues except politics. The Sun on Wednesday reported that the decision marked the revival of
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    • 412 10  -  Party pledges to look imvard as it outlines strategy in campaign to win back Malay support Bit WAN HAMID I HAMID IN KOTA BAKU KELANTAN Umno's new r eight-step strategy, including identifying the party’s own weaknesses, will be the thrust of its nationwide campaign to
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    • 275 10  -  LESLIE LAU IN KUALA LUMPUR THE Malaysian government’s decision to ban all video games arcades stays. Despite appeals from arcade operators, sources told The Straits Times that the Cabinet decided on Wednesday to stick to its decision last week to ban
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  • SOUTH-EAST ASIA
    • 409 11  -  It drops out after students threaten to kill Jews and Islamic groups make anti-Semitic remarks ROBERT GO STRAITS TIMES INDONESIA BUREAU JAKARTA Anti-Semitic sentiments from Indonesian politicians and death threats from some Islamic groups have prompted Israel’s withdrawal from an international conference to be
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    • 330 11  -  ?IL SHEFALIREKHI BOTH Indonesia and Singapore need to modify their respective programme designs in order to jump-start Prime Minister Goh Chok Tong’s $1.2-bil-lion investment package, Indonesia’s chief economics minister Rizal Ramli suggested on Sunday. The Coordinating Minister for Economic Affairs explained that a problem
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    • 406 11 -AFP ZAMBOANGA The Philippine military on Sunday admitted that the hostage rescue bid that saw troops sweeping through remote jungle areas in Jolo, could go on for months. It said that after 23 days into a much-hyped military crackdown ordered by
      -AFP  -  406 words
    • 241 11  -  By EDWARD TANG THAILAND CORRESPONDENT BANGKOK When Thai flyweight boxing champion Wijan Ponlid pounded his w 7 ay to victory 7 at the recent Sydney Olympic Games, he knew 7 right away that fame and fortune w 7 ould be knocking at
      AFP  -  241 words

  • COMMENT
    • 587 12 TUESDAY OCTOBER 10,2000 TEN years ago, we would be careful using a word like “cachet" to pin on polytechnic education. The two main universities here had the lock on premium branding. Today, the air thick with talk about ecommerce as the call-sign for business daring, Singapore’s
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    • 571 12 THURSDAY OCTOBER 12,2000 A STRAITS Times report last week on Singaporean student volunteers abroad could be framed as an ethical question. Does the experience benefit the giver or the recipient more? The ideal outcome must be that both parties gained, but this is often hard
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    • 572 12  -  SPOTLIGHT: COMPULSORY EDUCATION DEBATE By M. MRMALA Parliament saw one of the most heated debates in recent months, when 16 MPs spoke on the Compulsory Education Bill FOR more than four hours, 16 MPs rose to make passionate speeches about a Bill to make education compulsory.
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    • 1078 13  -  MY VIEW By LEONG CHING DOES anyone remember the recession? True, the stock market was not overly spectacular last week. Housing Board resale prices aren't what they used to be. And car prices, well, they drift up and down. But the
      LUDWIG ILIO  -  1,078 words
    • 1009 13  -  LAST WEEK IN POLITICS CHL A LEE HOOXG WHAT the baby bonus struggles to do, the virus is doing effortlessly and with aplomb: raise public awareness of the importance of babies and young children. The slaying of two young siblings within three hours of
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  • INSIGHT
    • 1697 14 Doing the unthinkable, smashing groupthink, lifting the glass ceiling on foreign talents... SlA’s deputy chairman and chief executive officer Cheong Choong Kong takes time off from his punishingjet-setting schedule and global dealmaking to give an exclusive interview to KOH BOON PIN. THE debate about
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    • 1110 15 IN PUBLIC, Dr Cheong Choong Kong comes across as being ebullient and quick to laugh but, privately, he cringes whenever the spotlight is turned on him. Ask him something personal and you will find he is quick to clam up. “I value my privacy,” he
      LAU FOOK KONG  -  1,110 words
    • 1061 15  -  THINKING ALOUD By CHUA MU I HOONG SOMETIME last Saturday, a group of people got together to launch an association for w'akeboarders. Just the day before, The Straits Times reported that a group of management corporations banded together to form an alliance.
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  • MONEY
    • 326 16  -  Azhar Khalid SINGAPORE shares ended the week in negative territory with investors remaining sidelined due to uncertainties in oil prices and the US technology sector. The Straits Times Index (STI) fell 102.57 points over the week to close at 1,860.40. Monday: The STI lost
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    • 75 16 Straits Tines Index The Straits Times Index fell 102.57 points on the week to 1860.4 points DAY CLOSE TURNOVER Monday Tuesday Wednesday Thursday Friday IT-SH Index 1887.18(-75.79) 1913.8K+26.63) 1846.56 (-67.25) 1865.85 (+19.29) 1860.40 5.45) 287.6m ($444.9m) 203.7m ($446.1m) 244.0m ($484.3m) 234.69m ($502.9m) 219.5m ($469.1m) The BT-SRI Index
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    • 2352 16 Company Date ann Net earn TY LY ($m) <$m) EPS TY LY (Cts) (Cts) ASTI Sep 05 1 6.182 2.476 4.69 239 ABR Hldgs Sep 19 i 2.343 0.491 1.21 036 ACE Dynamics Sep 05 1 0.537 0.517 0.54 0.63 Acma Sep 29 1 4.088 6.114 2.40 3.70
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    • 165 16 BONUS ISSUE Company Ratio Exdate Books close Acc Paymt Roly one-for-two Oct 17 Oct 20 NA RIGHTS ISSUE ExBooks Acc Company Ratio date close Paymt OTHERS ExBooks Acc Company Ratio date dose Paymt CSC Hldgs $24,846,734 63% Secured Loan Stock due 2005. Interest payment for the period 28
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    • 201 16 Company Place Date Time Raffles Medical E 182 Clemenceau Ave #05-00 Raffles SurgiCentre (*****3) Oct 31 10.00am Sembcorp Ind E The Theatrette 60 Admiralty Road West S'pore (*****7) Oct 31 9.00am HMl Hidgs E 363 Balestier Road S pore (*****4) Oct 30 10.30am Freight Links A 51 Penjuru
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    • 641 16 Payment Ex Books Pay (cts) date close date AS Auto 10c b 1TE Oct 5 Oct 10 Oct 20 AsiaDekorHKISc F RmbO.06 Oct 9 Oct 12 Oct 27 Amtek Engrg 20c F 0.8TE Nov 30 Dec 5 Dec 14 Auric 50c 1 2 Oct 9 Oct 12 Oct
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    • 166 16 Company Description Strike Proposed bonus issue on the Engg basis of one new ordinary share for every one existing share of $0.05 each held in the capital of the Company. The proposed issue will be made by capitalising a maximum of $18,272,000 and $52,600 from the share premium
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    • 2258 17 UNIT TRUSTS FUNDS Managers' prices (S$) UNIT TRUSTS Aberdeen Asset Mgt Asia Ltd Aberdeen Select Portfolio: Global MNC Fd 0.887 0.933 Global Technology Fd!** 1.240 1.302 UK Blue Chip Fd!** 0.853 0.896 American Opport Fd 1.009 1.060 Continental Euro Eqty Fd!** 1.136 1.194 Japan Eqty Fd!** 1.404 1.475 Asian Fixed
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    • 154 17 Foreign Currency Note Rates (9am, Oct 13) Buying OD Selling Singapore dollars to one unit of foreign currency Australian dollar 0.9190 0.9370 Canadian dollar 1.1450 1.1690 NZ dollar 0.6910 0.7060 Sterling pound 2.5640 2.5910 US dollar 1.7480 1.7590 Singapore dollars to 100 units of foreign currency Austrian schilling 10.87
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    • 433 17  -  Govt will subtract tax component from compensation as Iras has said it is exempt from tax Bn TAMMY TAN SINGAPORE Telecom will not have to pay tax on the $1.5 billion it is getting from the Government, but that does not mean it
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    • 541 17  -  MEETING OF ECONOMICS MINISTERS By DOUGLAS WONG INCHIAXG MAI CHINA’S imminent entry into the World Trade Organisation (WTO) will provide more opportunities for Asean. But it has also forced South-east Asia to confront the reality that it must work harder for foreign investments, Singapore
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    • 5019 18 Transaction date: Oct 13, 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 Avq Price 163 75.5 m c Acma 50c 80 +1.5 78 80 75.5 5 10 138.8 80
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    • 1370 19 BONDS, LOANS WARRANTS Transaction date: Oct 13,2000 52-Wk High Low Company Last Sale ♦orVol *000 Day High Low Last Ouote Buyer Seller Wt Avg Price 51.5 3.5 s Acma W*****4 4.5 +0.5 183 4.5 3.5 4.5 5 5 38 2.5 s AHTech W*****7 3.5 3 4 4 31 19 s
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    • 1129 19 52-Wk High Low Curr Last Company Traded Sale ♦orVol ooo Day High Low Cr’s Div Net P/E M Cap $mil Wt Avg Price MANUFACTURING 200 72.5 c AS Auto 10c 73 -6 547 76 72.5 10 N 29.2 95.9 76 82 45 c ASJ Hldgs 20c 50 3.8
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    • 576 20  -  The mobile phone firm and Sing Tel blame one another for failure to sign interconnect pact By CHEE JAW PERNG COMPANIES REPORTER NEWS Corp-backed mobile phone company One. Tel is pulling out of the Singapore telecommunications scene because of a “completely unfavourable environment” created by
      WONG KWAI CHOW  -  576 words
    • 324 20  -  By NICHOLAS FANG IXJOHOR BARU MAERSK Sealand has set itself an impressive goal: In three years’ time, it expects to be able to move 10 million twenty-foot equivalent units (TEUs) annually through its Port of Tanjung Pelepas (PTP). Maersk chief executive Flemming Ipsen unveiled
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    • 422 20  -  By IGNATIUS LOW FINANCE CORRESPONDENT THE wheels have been set in motion for one of Singapore’s largest IPOs that of the Singapore Exchange itself with an extraordinary meeting scheduled for next month. The move, winch comes after two delays and months of
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    • 292 20  -  b, j MARY KWANG CHINA CORRESPONDENT SUZHOU The developer of the China-Singapore Suzhou Industrial Park (SIP), w r hich has already built up a brand name in operating the industrial township, will soon add its stamp to residential development with its first housing joint
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  • Page 21 Advertisements
    • 824 21 The Straits Times Weekly Edition APPOINTMENTS KOMATSU Komatsu Asia Pacific Pte Ltd, the Regional HQ of Komatsu Ltd Japan, is expanding its operations. We have career opportunities for high-performance people who appreciate working in both a customer- and stafforiented environment with lots of training opportunities. CREATING THE BEST OPPORTUNITIES FOR
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  • Page 22 Advertisements
    • 1100 22 Dynamic International Marketing Communication Agency The PMG Group, headquartered in Amsterdam comprises at present of offices in Singapore, Beijing, Shanghai, Hong Kong and San Francisco. As regional headquarters, the Singapore office supports a global and regional portfolio of world-class multi-national corporations with turn-key solutions for marketing communication services. These include
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  • FORUM
    • 470 23 HAVING read all the letters to the Forum pages, plus reports carried in the papers over the past few days since the temporary closure of all childcare centres, kindergartens and even enrichment classes for children as directed by the Government
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    • 230 23 THE way some parents gripe about the Government’s decision to close all childcare centres in order to forestall the spread of hand, foot and mouth disease is instructive. It is symptomatic of the rejection of personal responsibility which is festering in a society which has
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    • 298 23 I REFER to the article by M. Nirmala in the Straits Times Weekly Edition, “Let students study half the time at home” (ST, Sept 30), a Singapore Teachers Union proposal for a world-class education system. I believe sincerely that this proposal is not
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    • 135 23 THE recent visit to Malaysia by SM Lee Kuan Yew has restored ties between Singapore and Malaysia, including in sports. The S-League season has ended, and Football Association president Mah Bow Tan has expressed disappointment with the league’s progress. Will we see a
      135 words
    • 323 23 I APPLAUD the Education Ministry’s introduction of the new A-level system that will focus more on creativity and understanding rather than on rote-learning. For six years, I memorised chunks of information for my secondary and junior college year examinations. I was “glad” then
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  • 523 24  -  When it opens in 2006, the futuristic new terminal will also feature a special skylight roof *L CHUA CHIN HON CHANGI Airport’s new $1.5 billion Terminal 3 will not only look futuristic, but will also be capable of handling the superjumbo of the 21st
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  • 401 24  -  BI J LEONG CHING ASSISTANT NEWS EDITOR AFTER 12 days, the Environment Ministry has given the allclear for childcare centres and kindergartens to re-open on Monday. But other public areas where children gather pools and play areas in shopping and fast-food centres must remain closed, to
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