The Straits Times : Weekly Overseas Edition, 19 May 2001

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Total Pages: 23
1 24 The Straits Times : Weekly Overseas Edition
  • 19 1 The Straits Times Weekly Edition Saturday May 19,2001 Price: S$ 1.20 (in Singapore) Elsewhere by subscription MITA 072/08/2000 Jk
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  • 500 1  -  Singapore's economy expected to weaken further, but full-year growth of 3.5 to 5.5 per cent is still the official forecast By By NARENDRA AGGARWAL ECONOMICS CORRESPONDENT SINGAPORE’S economy, which expanded just 4.5 per cent in the first three months of the year its slowest in
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  • 574 1  -  ĔIL CHAN KAY MIN YOUNG Singaporeans who dreamed of becoming fighter pilots once prayed that they would score 20/20in the crucial eyesight test. They knew if they were found to be even mildly shortsighted, they were out. But, now, mildly shortsighted
    PROJECT EYEBALL  -  574 words
  • Page 1 Advertisements
    • 57 1 Crime Baffling Murder In Hougang A night meeting with her estranged husband to sign divorce papers turned tragic for insurance agent Annie Leong when she was stabbed. PAGE 4 Welfare V>K. Travels With Addict Bad Help comes for three-year-old motherless girl who visits the backlanes of Kuala Lumpur as dad
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    • 3 1 *****6, ,18 LZ88
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  • PRIME
    • 443 2  -  Good news for the small man as Association of Banks works on MAS proposal to start basic accounts Tor low-income clients By HUGH CHOW and REBECCA LEE THE Association of Banks in Singapore (ABS) is working on providing basic banking services for small account-hold-ers, in consultation
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    • 197 2  -  By BRAEM A MATHI COMMUNITY CORRESPONDENT DOCTOR or murderer? Artist or vandal? Banker or thief? Bring up your children well or you might be in for a shock at the way they turn out later in life. This is the theme of a $l-
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    • 399 2  -  By NATALIE SOH HELP decide which contestant wins TV Works’ talent contest, choose the song you want to hear Big Buffet host Norleena Salim sing, tell the producers what you would like to watch on television the next day. This kind of interaction with
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    • 470 2  -  *L SELINA LUM A TEENAGER displeased over family pressures to become engaged to a longstanding boyfriend fell more than five storeys to the ground while sneaking out of her home. Junaidah Jumaat is still unconscious in hospital and in a critical condition following the fall on
      BERITA HARIAN  -  470 words
    • 398 3  -  GUTHRIE HOUSE 'CHARITY DRIVE' §1 CONRAD TAN IT IS a parking lot that is hard to resist. There it is, in the basement of Guthrie House, merely footsteps from the lift lobby. Many motorists heading to the shopping and office complex at
      TAN SUANANN  -  398 words
    • 474 3  -  By' TAN 001 BOON ASSISTANT NEWS EDITOR THOSE who are caught helping drug traffickers can no longer use the excuse that their role was minor they helped re-pack or store the drugs. Singapore’s highest court has ruled that the act of helping dealers pack heroin into
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    • 575 3  -  Last vear the ITE provided nearly 1,200 students with a solid foundation and a springboard to polytechnics By SANDRA DAVIE EDUCATION CORRESPONDENT NEARLY 1,200 of the students who entered polytechnics last year did so via the Institute of Education (ITE). A total of 659 ITE
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  • HOME
    • 404 4 ON SUNDAY, mother and daughter celebrated Mother’s Day together. Then, late on Monday night, Ms Annie Leong Wai Muen staggered towards their front door, screaming, and collapsed bleeding in the arms of her mother, Madam Tan Rui Ling. Stabbed less than 50 m from
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    • 170 4  -  in K.C. VIJAYAN IT WAS not a case of a robbery' gone wrong. Police are now looking for an unidentified thug who lulled insurance agent Annie Leong Wai Muen on Monday night in an attack that was apparently sparked by a personal grudge. It is
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    • 347 4  -  in PAULINE LEONG NTUC Income’s Leisure Lifestyle programme which helps retirees and others find affordable accommodation for long spells abroad has generated enthusiastic response. Since the proposal was reported on May 11, the insurance cooperative said that more than 300 people have
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    • 479 4  -  US recognises Republic’s tight enforcement and its successful police operations against piracy, including at Sim Lim Square By LEE SIEW HUA US CORRESPONDENT WASHINGTON Singapore has been taken off America’s watch-list of intellectual property rights (IPR) violators. The United States Trade Representatives Office produces
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    • 455 5  -  PILOT HDB SCHEME §1 ALICIA YEO IN JUST three weeks, the Housing Board (HDB) has received applications for about half the 2,500 or so flats it is offering in its pilot build-to-order scheme. It said it had received more than 1,200 applications for the flats
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    • 487 5  -  No need to set aside minimum sum before using savings for tertiary fees. The change will help lower-income parents By SANDRA DAVIE and MICHELLE TAN IT WILL soon be easier for those with modest Central Provident Fund savings to use their
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    • 402 5  -  By ALETHEA LIM COURT CORRESPONDENT ROAD bully Edmund Wong Sin Yee, who struck a fellow motorist on the mouth with his mobile phone, will be jailed for a year instead of three months and will have to pay a $l,OOO fine. His
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    • 199 6  -  RAFFLES TOWN CLUB By KAREN WONG A NEW board of directors led by retired Commissioner of Police Goh Yong Hong has taken over the helm of Raffles Town Club. Former executive chairman Lawrence Ang, who is still a major shareholder in the club, had decided
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    • 496 6  -  Daily, one more person finds out the hard way that it isn’t, with 97 people reporting such losses in the first three months of the year *L SELINA LUM MORE than one laptop computer is stolen from a car here every day. In
      WONG MAY-E  -  496 words


  • Page 6 Miscellaneous
    • 1063 6 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
    • 287 7  -  ATHLETICS Elgen Kua SEEING a potential rival clocking a faster time has spurred national 1,500-m record-holder Chamkaur Singh to train harder in preparation for the South-east Asia Games in September. And to that end, he has interrupted his studies to go into
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    • 621 7  -  ‘Excellent’ rating boosts China’s confidence in getting lOC nod to host the 2008 Olympics OLYMPICS By' TAY CHENG KHOON DEPUTY SPORTS EDITOR CHINA is determined to stage a 2008 Olympics that will be “a legacy for the world”. And Mr Wang Wei, the secretary-gener-al of the
      AFP  -  621 words
    • 397 7  -  S-LEAGUE SOCCER *!L PEH SHING HVEI TANJONG Pagar has signed another young Thai midfielder to boost its championship chase and he made his SLeague debut on Thursday night against Woodlands Wellington which the Jaguars won 3-1 convincingly. With Algerian playmaker Djamel Achouri suspended for
      AZIZHUSSIN  -  397 words

  • MALAYSIA
    • 460 8  -  Former Deputy Premier says sodomy ana corruption charges were withdrawn to deny him platform for airing accusations By LESLIE LAV IN KUALA LUMPUR MALAYSIAN prosecutors last Saturday dropped all five outstanding criminal charges against Anwar Ibrahim in a move that appears aimed at averting
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    • 475 8 The Star/Asia News Network KUALA LUMPUR For a 38-year-old drug addict in Jalan Ipoh, life centres on his three-year-old daughter. Since his wife, also an addict, died two months ago, his daughter is always with him, even when he is taking drugs.
      The Star/Asia News Network; SIN CHEW JIT POH/ASIA NEWS NETWORK  -  475 words
    • 126 8 -AFP KLANG A meal of nasi lemak has been identified as the source of a cholera outbreak in Selangor which killed one person and made 90 others ill, officials said on Wednesday. Deputy Health Minister Sulaiman Mohamed said the dish, sold at stalls here, was
      -AFP  -  126 words
    • 242 8  -  By. JOCELINE TAN IN KUALA LUMPUR NANYANG Siang Pau deputy chief editor Cheng Kee Chien confirmed on Wednesday that he will join the Prime Minister’s Office as press secretary, a day after reports said Dr Mahathir Mohamad would appoint aides to advise him
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  • SOUTH-EAST ASIA
    • 471 9  -  Officials of the President’s party question V-P’s loyalty and say she should go, but her party rejects suggestion as unconstitutional By. MARIANNE KEARNEY STRAITS TIMES INDONESIA BUREAU JAKARTA Indonesia’s leadership crisis has deepened, with President Abdurrahman Wahid’s party challenging his deputy, Ms Megawati
      AFP  -  471 words
    • 238 9 MANILA Filipinos went to the polls on Monday in midterm elections amid mounting violence which has made this campaign the bloodiest in recent history. The key elections for 17,000 local and congressional posts are seen as a referendum on President Gloria Arroyo’s administration. The
      AFP  -  238 words
    • 274 9  -  By SUSAN SIM and DEVI ASMARANI STRAITS TIMES INDONESIA BUREAU JAKARTA In another Uturn, President Abdurrahman Wahid on Wednesday gave notice that he still considered attempts to impeach him an unconstitutional act which would require him to take firm action. Coming one day after
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    • 498 9  -  By ARTURO RARIUAD StRAITS TIMES PHILIPPINES BUREAU MANILA Opposition and pro-administration parties have begun trading accusations of poll fraud as the vote counting in Monday’s hotly contested elections moves at an excruciatingly slow pace. As of Wednesday, counting in local and congressional
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  • COMMENT
    • 561 10 THURSDAY MAY 17,2001 THIS weekend, stock compiler Morgan Stanley Capital International (MSCI) will be changing its global indices to a free-float system that emphasises the percentage of a company’s issued share capital that is not held by controlling shareholders. That is, companies will be weighted according
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    • 585 10 WEDNESDAY MAY 16,2001 THE Central Provident Fund Board’s move to scrap the minimum sum of $65,000 is a boon to its members who want to use the money for further education, either their own or their children’s. It is especially helpful to those with modest savings in
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    • 965 10  -  SATURDAY WITH CHUA LEE HOONG UP TO last week, the Cambodia I held in my mind was the one from the movie, The Killing Fields, with its haunting por- trayal of the friendship between American journalist Sidney Schanberg and Cambodian journalist Dith Pran in 1970 s
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  • COMMENT/PERSPECTIVE
    • 1081 11  -  MY VIEW B,j IRENE NG MADAM LIU SOH GOH, 60, cuts a nondescript figure on stage, looking distant from the audience at the Marine Parade auditorium. Then she speaks. Her tone is measured; her voice gentle. “Eight years ago, my husband
      LUDWIG ILIO  -  1,081 words
    • 795 11  -  HEART TO HEART WITH ASAD LATIF IN THE ninth Singapore General Hospital lecture, which he delivered recently, Trade and Industry Minister George Yeo commented on Singapore’s cosmopolitan character. “For many Americans, Japanese, Chinese, Europeans and Australians, we are their favourite city in Asia outside their
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  • CPF newsline A CORPORATE NEWSLETTER OF THE CPF BOARD
    • 228 12 / 13 Your CPF savings are enough to meet basic retirement needs. But if you want a better retirement lifestyle, you should have private savings and/or learn to grow your CPF savings through prudent investing. It is important to conscientiously manage our salaries, finances and CPF
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    • 151 12 / 13 Members who are applying for insurance coverage under the Dependants Protection Scheme, Flome Protection Scheme and MediShield must be aware of the importance of their health declaration. They must disclose their past and current illnesses and medical conditions on the CPF application forms. If you
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    • 175 12 / 13 CPF Woodlands Office, which started serving customers on 2 January 2001, will be officially opened on Saturday, 19 May 2001 by Mr Othman Bin Haron Eusofe, Minister of State, Ministry of Manpower. This latest CPF branch office is located in the Woodlands Civic
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    • 109 12 / 13 Getting married? Congratulations on your big and happy day but do remember that any CPF nomination you have already made is revoked by marriage. This is to protect the member's spouse should he/she forget to update the nomination after marriage. Members should re-nominate when they marry.
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    • 101 12 / 13 From 2 April 2001, CPF members are able to invest in Singapore Government Bonds under CPF Investment Scheme-Special Account (CPFIS-SA) on the primary and secondary markets through local bond dealers. They are also able to buy and sell Statutory Board Bonds under CPFIS-SA
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    • 179 12 / 13 Here’s good news for CPF members or their children who are studying at tertiary institutions: Members no longer have to set aside the Minimum Sum before using their savings under the CPF Education Scheme from 1 June 2001. This is because the Special Account long-term
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  • Page 12 / 13 Advertisements
    • 172 12 / 13 0-* O'* Hot News For Collectors! Sale of CPF Commemorative Farecard Farecard collectors, here's your chance to own a piece of CPF history and help the needy! We are offering 6,500 TransitLink farecards for sale to the public at $12 each. Net sales proceeds will be donated to the Community
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    • 35 12 / 13 CPF Investment Scheme 1800-227-1188 code 4 lnvestment@cpf.gov.sg. Dependants and Home Protection Schemes 1800-227-1188 code 6 lnsurance@cpf.qov.sg Education Scheme 1800-227-1188 code 4 lnvestment@cpf. gov. sg Medishield Scheme 1800-227-1188 code 6 Healthcare@cpf.gov.sg Nomination 1800-227-1188 code 1 Nomination@cpf.gov.sg
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  • INSIGHT
    • 1766 14 Keeping faith and celebrating differences In recent months, government leaders have been stressing repeatedly the need for religious harmony. Are religious frictions simmering beneath the surfaceP Is aggressive proselytisation on the rise again? Our senior correspondent M. NIRMALA/inas out VENERABLE Shi Ming Yi, 39, looked serene in his long-flowing saffron
      JALEHA HASHIM Photos: DESMOND FOO  -  1,766 words
    • 586 14 HOME Affairs Minister Wong Kan Seng spoke to Insight about the Government’s role in maintaining religious harmony: Q: Can Singapore continue to maintain religious harmony? A: It is not going to be easy. While in-ter-religious relationships are good in Singapore, the state of
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    • 1093 14  -  THINKING ALOUD SONNY YAP HERE’S your question for $100: What made Hongkong’s former Financial Secretary Donald Tsang cry, Malaysian Prime Minister Mahathir Mohamad angry and millions of Asians jobless in 1998? Your final answer, please: a) a Wall Street crash; b)
      NOEL ROSALES  -  1,093 words


  • MONEY
    • 234 16 SINGAPORE investors were apparently cautious this week as reflected by the market’s uncertain movements with thin volumes. The US Federal Reserve Open Market Committee (FOMC) meeting and the exfiected changes to the wide-y-followed Morgan Stanley Capital International indexes were the main factors. Over the
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    • 2137 16 Company Date ann Net earn TY LY (Sm) (Sm) EPS TY LY (cts) (cts) ABR Hidgs 31-Mar P 6.565 1.705 3.4 0.73 ACE Dynamics 15-May F 0.182 0.799 0.18 0.9 Acma 31-Mar P 6.522 12.989L 3.8 7.9L Adroit 5-Mar 1 5.887L 0.404L 2.4L 03L AEM Evertech 29-Mar P
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    • 102 16 BONUS ISSUE Company Ratio Exdate Books dose Acc Plyrrrt HuanHsin HiapMoh Cytech Noble Grp one-for-four two-for-four one-for-one one-for-four 27-Jun 02-Jul NA 05-Jun 08-Jun NA 25-May 30-May NA 22-May 25-May NA RIGHTS ISSUE Company Ratio Exdate Books dose Acc Paymt ASTI Hldgs three-for-five$$0.27 28-May 31-May OTHERS Company Ratio Exdate
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    • 316 16 Company Place Date Time Sunlight E 150 Ubi Ave 4 S pore (*****5) 06-Jun 10.00am BBR A Board Room,BBR Building 50 Changi South St 1 S'pore(*****6) 31-May 10.00am Hwa Hong E Conference Room Level 2 38 South Bridge Road S'pore(*****2) 31-May 3.00pm Clipsal A E The Pan Pacific
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    • 113 16 Company Description Sunlight Proposed Renounceable Rights Issue of 93,750,000 warrants to subscribe for 93.750.000 new ord shares of $0.10 each in the capital of the Co. at an issue price of $0,025 for each warrant on the basis of one warrant for every two ord shares of $0.10
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    • 74 16 Straits Tines Index The Straits Timas Index fell 40.71 points on the week to 1,662.64 DAY CLOSE TURNOVER Monday 1680.07 (-2328) 293.5m ($293.8m) Tuesday 1690.63 (+10.56) 232.0m <$322.5m) Wednesday 1656.73 (-33.9) 253.8m($300m) Thursday 1681.97 (+25.24) 385.1m ($394m) Friday 1662.64 (-19.33) 337m ($373.1m) BT-Sil Index The BT-SRI Index
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    • 1083 16 Payment Ex Boobs P.y (cts) date close date ABR5C b 0.25 04-Jun 07-Jun 21-Jun Acma 50c F 0.25 08-Jun 13-Jun 23-Aug Achieva 5c F 0.2 14-Jun 19-Jun 03-Jul Allgreen Prop 50c F 3 05-Jun 08-Jun 25-Jun Apollo Ent F 0.5 04-Jun 07-Jun 19-Jun Armstrong 10c b 0.15 05-Jun
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    • 2920 17 UNIT TRUSTS FUNIS May 19, 2001 Managers' prices (S$) UNIT TRUSTS Ahirdna Asset Mft Asis LtS Aberdeen Select Portfolio: Global MNC Fd 0.790 0.830 Global Technology Fd!** 0.708 0.744 UK Blue Chip Fd!** 0.802 0.843 American Opport Fd 0.880 0.925 Cont Euro Eqty Fd!** 1.115 1.172 Japan Eqty Fd!** 1.270
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    • 173 17 Foreign Currency Note Rates (9am, May 18) Buying 00 Selling Singapore dollars to one unit of foreign currency Australian dollar 0.9440 0.9570 Canadian dollar 1.1620 1.1870 NZ dollar 0.7610 0.7850 Sterling pound 2.5710 2.5980 US dollar 1.7990 1.8110 Singapore dollars to 100 units of foreign currency Austrian schilling 11.45
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    • 621 17  -  Bidding will start at $700,000 far less than the sloom reserve price for the ill-fated 3G auction §y_ By DEIVESH DIVYANATHAN TECHNOLOGY REPORTER ONE month after poor demand caused it to call off an auction for third-generation (3G) cellular licences, the Infocomm Development
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    • 5157 18 Transaction date: May 18, 2001 MULTI INDUSTRY 52-Wk Curr Last High Low Company Tradod Salt ♦orVel •000 Day High Low Gr's Div Net M Cap P/C $mil Wt Avg Price 143 35 c AcmaSOc 38.5 cd -0.5 38 39 38 0.5 10.1 66.8 39 41
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    • 948 19 BONDS, LOANS WARRANTS Transaction date: May 18,***** 52-Wk High Low Last Company Sale ♦orVol '000 Day High Low Last Quote Buyer Seller Wt Avg Price 37 0.5 s Acma W*****4 0.5 0.5 1 22 2.5 s AIITech W*****7 .3 1.5 3 31 13.5 s Amtek W*****0 -.19 18 19 22.5
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    • 1400 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 168 43 c *ASAutotOc 55 -0.5 27 55 54 10 N 22 72.2 55 82 30 c ASJ Hldgs 20c 48.5 3.8 7.8 65.9
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    • 357 20  -  The Republic is the only Asian country to get the global rating agency’s sovereign-credit rating By By NARENDRA AGGARWAL ECONOMICS CORRESPONDENT SINGAPORE has kept its rocksolid premium “AAA” sover-eign-credit rating with global rating service Standard Poor’s (S&P) the only coun- try in Asia
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    • 481 20  -  By NICHOLAS FANG TRANSPORT REPORTER OWNERSHIP restrictions have dashed any hopes Singapore’s airport authority might have had of buying a major stake in Sydney airport, Australia’s busiest airport. Under the Australian Airport Sale Act, there is a 5-per-cent cap on any one
      AFP  -  481 words
    • 453 20  -  By LEE SU SHY AN ARE directors of Singapore’s top listed firms overpaid? Yes, said an overwhelming majority of readers who heeded The Straits Times’ call on Monday to cast their votes in an online poll. In all, 60 of the 66 respondents were
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    • 246 20  -  By A By NARENDRA AGGARWAL ECONOMICS CORRESPONDENT PROVIDING further evidence that the Singapore economy may be slowing down faster than expected, the country’s key non-oil domestic exports fell by 1.2 per cent year on year last month. Most analysts were caught off-guard by the decline,
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  • Page 21 Advertisements
    • 1021 21 The Straits Times Weekly Edition N*.,- J i. W-. ""V, <s?* 'entcsa SENTOSA DEVELOPMENT CORPORATION As the region’s favourite leisure island, we are committed to developing and delivering a positive and memorable experience to our visitors. We believe that to achieve this, we must have staff who are properly challenged
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  • Page 22 Advertisements
    • 990 22 ’jffr,' .'--f-. x&ffsfri" v. t> r£ fL' vt *r VV<i MbM&ĔĔSĔT Chart your career. Navigate your growth. PSA Marine is a wholly-owned subsidiary of PSA Corporation and Singapore's leading marine services provider. We run a range of pilotage, towage, water supply, marine transportation, salvage, heavy lift, marine environment and marine
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  • FORUM
    • 710 23 I REFER to your report on Trade and Industry Minister George Yeo’s speech at the ninth SGH Lecture (ST, April 30), specifically the sidebar item headlined, “Need to manage tensions”. Brigadier-General (NS) Yeo was quoted as saying: “Since we are running into election season, let me
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    • 216 23 I WAS utterly disappointed upon reading that the old Turf Club will be converted into another mega shopping mall. Do Singaporeans really need another one of those multi-storey malls? Just take a look at our small city how many shopping malls do
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    • 114 23 IT IS time that the Central Provident Fund Board allowed CPF savings to be used to pay for an education at reputable private institutions in Singapore. As Singaporeans become more aware of the need for lifelong learning, we can see more private
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    • 56 23 and for postgrad fees IT IS good news that the CPF Board has eased rules on the use of CPF money for education. However, CPF can be used only for full-time undergraduate courses in NUS, but not for full-time postgraduate courses. Why the distinction between both the full-time courses provided
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    • 444 23 I REFER to Ms Irene Ng’s article, “Dilemma of the low-income, ageing singles” (ST, May 5). I share her views and, in particular, the comment that singles do not want handouts or sympathy, just equal treatment in crucial areas like housing. The Government has repeatedly
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  • 288 24  -  §}L LEONG WENG RAM IT IS official: Voting in Singapore is a right and not a privilege. Home Affairs Minister Wong Kan Seng cleared the air in Parliament on Wednesday when he referred to the Parliamentary Elections Act, which he said “gives effect to this
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  • 104 24 RISING from the shores of Marina Bay, the $6OO-million Esplanade Theatres on the Bay project is beginning to take shape. The domed roof structure which will house the concert hall (right) is visible now. It is one of two domes the other housing a
    LAU FOOK KONG  -  104 words
  • 339 24  -  Disclosure of how the over 180-billion reserves are invested would leave the S’pore currency open to attack, says BG Lee By] By DENESH DIVTANATHAN TECHNOLOGY REPORTER PUBLISHING details of Singapore’s reserves would not be in the public interest as it would reveal information which currency speculators
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  • 284 24  -  By KJRIST 800 MAKE Orchard Road better connected, plant more greenery and set aside more space for events. These three ideas top the wish list for the shopping belt, according to a poll taken by the Urban Redevelopment Authority (URA) and the Singapore Tourism
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