The Straits Times : Weekly Overseas Edition, 1 September 2001
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2001-09-01
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The Straits Times : Weekly Overseas Edition
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Title Section19 2001-09-01 1 The Straits Times Weekly Edition Saturday September 1,2001 Price: S$ 1.20 (in Singapore) Elsewhere by subscription only MITA 072/08/200019 words
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Article594 2001-09-01 1 LYDIA LIM - Educators get an assignment from PM to come up with bright ideas to turn out creative, entrepreneurial young people *L LYDIA LIM TEACHERS play a key role in shaping New Singapore and Prime Minister Goh Chok Tong yesterday challenged them to find new ways594 words
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Article, Illustration265 2001-09-01 1 SHARON VASOO; and LAUREL TEO - SHARON VASOO and LAUREL TEO EXPECT a livelier Speakers’ Corner, as opposition politicians are planning to make regular appearances at Hong Lim Park in the run-up to the General Election. They said it was a good place to practise their public-speak-ing skills and showcase\p - 265 words
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Page 1 Advertisements
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Advertisement64 2001-09-01 1 Charity 6 SEP °OOl Go On, Have A Heart Have a heart-shaped mooncake and do charity all at the same time, as the Istana kitchen whips up tidbits to raise funds for the needy. page t Sports He Smashes 100 m Record Undergraduate U. K. Shyam runs the 100 m64 words
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PRIME
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Article, Illustration385 2001-09-01 2 The National Trades Union Congress group of cooperatives wtll be giving out a total of $35.5 milhon from this month till June to help workers cope with the economic downturn. The latest includes: NTUC Healthcarej Up to 5 per cent price cut for health-care products, such asJALEHA HASHIM - 385 words
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Article464 2001-09-01 2 Prolonged downturn sees co-ops offering another $28.9m in savings and benefits, on top of $6.4m given out earlier WORKERS will get even more help to cope with the prolonged downturn, with the labour movement’s announcement on Tuesday that it would be distributing another $28.9 million464 words
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601 2001-09-01 2 LYDIA LIM - By LYDIA LIM STARTING Monday, singles aged 35 and above who wish to live in the central parts of Singapore can choose from among 70,500 flats found in seven urban estates, including Bukit Merah, Geylang, Kallang and Queenstown. Previously, they601 words
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508 2001-09-01 3 IRENE NG - Spurred by plants’ show of confidence in ultra-pure treated sewage water, PUB will step up production of ‘Newater’ §!L IRENE NG ALL seven wafer-fabrication plants here have signed a deal with the Public Utilities Board (PUB) to switch from potable water to “Newater” sewage508 words
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415 2001-09-01 3 DENESH DIYTANATHAN - By DENESH DIYTANATHAN TECHNOLOGY REPORTER SINGAPORE’S biggest corporate deal was officially in the bag on Thursday after Singapore Telecom garnered acceptances totalling more than 93 per cent from shareholders of Cable Wireless Optus. Under Australian rules, this means Sing Tel can415 words
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Article, Illustration453 2001-09-01 3 STEVE DAWSON - By STEVE DAWSON TECHNOLOGY CORRESPONDENT NEARLY one in every four Singapore homes has two or more computers, according to a report made public on Wednesday. The findings by the Infocomm Development Authority (IDA) said that 23 per cent of homes hereSource: IDA; JALEHA HASHIM - 453 words
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HOME
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550 2001-09-01 4 Pulling together previously raised investors’ confidence in Republic and new social compact aims to strengthen this unity SINGAPOREANS must stay united in the face of the current crisis as maintaining business and investor confidence will be the key to overcoming this downturn and to550 words
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504 2001-09-01 4 DAWN WONG - *L DAWN WONG SINGAPORE’S plans to launch a new type of fish-farming industry by putting big money into rearing fish in cages in deep seawater have run aground at least for the moment. This is because the only commercial farm here in504 words
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Article, Illustration84 2001-09-01 4 LRT SERVICE BREAK Commuters used to taking the LRT at Choa Chu Kang station had to queue up for buses instead on Wednesday night. They were not the only ones train services at all 14 Light Rapid Transit stations were disrupted on Wednesday at about 5.40 pmLIANHE ZAOBAO - 84 words
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238 2001-09-01 4 ALICIA YEO - *L ALICIA YEO THE Boys’ Brigade is broke and needs help soon if it is to achieve this year’s goal of gathering over $2 million worth of Christmas gifts for the needy. The organisation’s Sharity Gift Box programme needs $200,000 to run its collection238 words
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Article, Illustration451 2001-09-01 5 NEO HUI MIN - *L NEO HUI MIN THE Ongs got their house keys on Aug 14 and became one of the pioneering families in Block 827 A at Tampines Street 81 two weeks ago. It is a special block of studio apartments, the first of six blocksJAMES HODSON - 451 words
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547 2001-09-01 5 LYDIA LIM - A study by JTC and NTU shows that caverns to do this are feasible as well as cost-effective §IL LYDIA LIM OIL tanks, which dot the Jurong Island landscape now, could disappear if a plan to build underground caverns to store oil547 words
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426 2001-09-01 5 DEBBIE GOH - By DEBBIE GOH A MAN thought he was on to a good thing when he brought in lobster-grabbing machines two weeks ago. At $1 a try, Singaporeans were bound to take more than one shot at clamping the crustaceans, which cost more than $4O a kg. But426 words
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450 2001-09-01 6 SELINA LUM - Police arrest 19 in raids on both sides of Causeway, crushing network which lent money to 6,000 over the past year By SELINA LUM THIS loanshark syndicate was run like a slick corporation, dishing out $60,000 in loans a day. It even had “department heads”450 words
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Article, Illustration338 2001-09-01 6 ALICIA YEO - Bit ALICIA YEO FOR $lO, you will get presidential treatment. Four Istana butlers will serve you gula melaka on the Istana crockery’. The dessert is made according to a recipe of Puan Noor Aishah, the widow of President Yusof Ishak, Singapore’s first president.PICTURES: STEVEN LEE - 338 words
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412 2001-09-01 6 CHANG AI-LIEN; and DAWN WONG - By CHANG AI-LIEN and DAWN WONG SIX embryonic stem-cell lines, which Singapore researchers were instrumental in developing, can now be used in research funded by the United States government. The US National Institutes of Health (NIH) released on Monday a list of 10 research412 words
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Article453 2001-09-01 7 NEOHUIMIN - Mega-complex with condo and office building to be built over new bus interchange in the town centre by 2006 By NEOHUIMIN LOW-RISE Ang Mo Kio Town Centre will stand tall once redevelopment is completed in 2006. A mega-complex, featuring a 31-storey condominium453 words
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416 2001-09-01 7 SELINA LUM - ĔIL SELINA LUM A 15-YEAR-OLD secondaryschool student was caught with illegal Ecstasy and Eri-min-5 pills when her school’s discipline mistress took a look in her schoolbag. The Secondary 3 girl, who is in the Express stream, brought the drugs to school in416 words
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Article, Illustration76 2001-09-01 7 DOC TENDS TO CRASH VICTIMS: When a man rushed into his Holland Village clinic at about 2 pm on Tuesday saying there had been a crash, Dr Boey Kok Hoe (above) did not hesitate. The doctor, 35, ran to the nearby junction of Holland RoadFRANCIS ONC - 76 words
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324 2001-09-01 7 THE writing of a new book about the larger Singaporean family and its place in the world, described by one reader as “a delightful plate of rojak”, turns out to be a bit of a family affair itself. Contributors include Am-bassador-at-large Tommy Koh and324 words
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Article, Illustration572 2001-09-01 8 NEO HUIMIN - Renovating their outlets for a fresh look, 74 Bukit Batok traders prepare for economic recovery *L NEO HUIMIN SEVENTY-FOUR Bukit Batok East shopkeepers are using the slowdown in the economy to give their 16-year-old outlets a fresh look, so that these will be inTERENCE TAN - 572 words
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Page 8 Miscellaneous
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Miscellaneous1062 2001-09-01 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, Illustration987 2001-09-01 9 NEIL HUMPHREYS; and ELGENKUA - Lanky sprinter erases Kunalan’s 33-year-old 100 m mark after quick start at Beijing meet ATHLETICS By NEIL HUMPHREYS and ELGENKUA SINGAPORE’S U. K. Shyam breasted the tape, looked up at the electronic scoreboard and burst into tears. He had won his 100 metres heat ofGraphics: LIM YONG Photo: THE NEW PAPER - 987 words
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459 2001-09-01 9 SEA GAMES SOCCER WITH Ahmad Latiff Khamarudin out of the South-east Asia Games soccer team, does Singapore still boast a deadly strike force? Yes, says former national coach P. N. Sivaji. Yes, says former national youth coach Sies Senan. But national Under-23 coach Flemming459 words
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MALAYSIA
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509 2001-09-01 10 The programme favouring the Malays is overdone, resulting in people unwilling to exert themselves, says the Premier Reuters, Bernama KUALA LUMPUR Prime Minister Datuk Seri Dr Mahathir Mohamad admitted on Thursday he overdid an affir-mative-action programme favouring the Malays in multi-ra-cial Malaysia during his 20Reuters,; Bernama - 509 words
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363 2001-09-01 10 New Straits Times KUANTAN Thousands of Malaysian workers retrenched in Singapore are apparently not in a hurry to get jobs in their home country because of the lucrative retrenchment benefits they received. Deputy Human Resources Minister Dr Abdul Latiff Ahmad saidNew Straits Times - 363 words
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Article, Illustration70 2001-09-01 10 nnmjftr nurn tdaiidi hi uiathic the star/asia news network BRIDGE OVER TROUBLED WATERS! Mr V. Rajeswaran, 32, the assistant headmaster of Jalan Kubu Primary School in Malacca, instructing his pupils to walk across a bridge of chairs and benches to escape from their classroom, which wasTHE STAR/ASIA NEWS NETWORK - 70 words
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314 2001-09-01 10 SUNGAI PETANI (Kedah) Malaysian police are stepping up their hunt for 600,000 illegal immigrants, many of whom have been found to be involved in crimes. The director of the Internal Security and Public Order Department, Datuk Abdul Hamid Mustaffa, said there had been314 words
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SOUTH-EAST ASIA
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Article, Illustration41 2001-09-01 11 A p BEAUTIFUL CAUSE! Model Gladys Duenas holding a poster with an environmental message during the launch of the “Miss Earth” international beauty pageant in Manila on Wednesday. The contest will take place in the city next month. APAP - 41 words
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284 2001-09-01 11 DERWIN PEREIRA - DERWIN PEREIRA STRAITS TIMES INDONESIA BUREAU JAKARTA A military reformer, once tipped as a leading candidate to head the powerful Indonesian armed forces (TNI), died on Thursday. Close friends said that LtGeneral Agus Wirahadikusumah, the 49-year-old Har-vard-trained officer who made bitter284 words
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377 2001-09-01 11 DEVI ASMARAINI - Jakarta must root out graft, stresses World Bank official as agreements are signed By- DEVI ASMARAINI STRAITS TIMES INDONESIA BUREAU -AFP JAKARTA The World Bank on Thursday signed agreements to give Indonesia US$44B million (Ss79o million) in loans and grants to finance poverty-related-AFP - 377 words
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413 2001-09-01 11 EDWARD TANG - By EDWARD TANG THAILAND CORRESPONDENT BANGKOK A state-fund-ed, cheap-loan programme for poor Thais is proving to be so popular that it is giving loan sharks here a run for their money. Since its inception in June, the People’s Bank a loan413 words
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COMMENT
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Article568 2001-09-01 12 TUESDAY August 28,2001 THAT money talks and economic interests invariably determine political choices have been demonstrated again in Taiwan, to no one’s surprise. The surprise would be sprung later if the dictates of trade and finance nudge President Chen Shui-bian’s ambiguous China policy towards a clarity568 words
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Article549 2001-09-01 12 WEDNESDAY August 29, 2001 ALL three Asean leaders who visited Singapore over the last few days on their criss-cross-ing travels had important things to say about rejuvenation and hope for their own countries as well as the grouping. Thailand’s Mr Thaksin Shinawatra dealt with the urgency549 words
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834 2001-09-01 12 ASADLATIF - VIEWPOINT By ASADLATIF SINGAPORE rates second out of 12 Asian countries in terms of its education and human-re-source environment, according to a report by Hongkong-based Political and Economic Risk Consultancy (Perc). South Korea is first, and the other countries,834 words
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COMMENT/PERSPECTIVE
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Article, Illustration1051 2001-09-01 13 CHUA LEE HOONG - It’s the waters that matter not the fish SATURDAY Bij CHUA LEE HOONG HAVING been on leave recently, I am coming to this a little late. But some fishy issues need to be tackled before they slip further into the ocean of oblivion. This particular fish is the one thrownDARRENSOH - 1,051 words
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Article988 2001-09-01 13 With ASAD LATIF - HEART TO HEART With With ASAD LATIF THE place was called a “rock”. Made of stone, it was higher than ground level. It belonged to a shop whose owner refrained wisely from picking a fight with the neighbourhood’s youth who hung out there. On this988 words
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INSIGHT
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2355 2001-09-01 14 Since Independence, Singapore’s economic strategy has centred on MNCs. Now, the Government wants to cultivate a breed of International Singapore Companies to drive the economy. Why the change in direction? Will it really work? Our senior correspondent WALTER FERNANDEZ/m/Zs out HOW times2,355 words
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Article, Illustration1245 2001-09-01 15 SONNY YAP - THINKING ALOUD By SONNY YAP THEY say the road to hell is paved with good intentions. Our karting guni men would surely yell “tiok tiofc (“right, right” in Hokkien) at the top of their hoarse voices. When community development councils team upNOEL ROSALES - 1,245 words
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MONEY
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289 2001-09-01 16 THE spate of bad news from the US dampened sentiment in the local market this week, with investors continuing to keep their distance from the market for fear that they will never recoup their investments. The Straits Times Index (STI) ended the week lower,289 words
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Article73 2001-09-01 16 Straits fines index The Straits Timas Index fell 5.49 points on the «rock to 1,619.12. DAY CLOSE TURNOVER Monday 1644.95 (+20.34) 194.1m($328.5m) Tuesday 1640.65 4.30) 179.7m ($257.8m) Wednesday 1634.83C- 5.82) 187.5m($303.6m) Thursday 1615.74H9.09) 232.4m ($398.6m) Friday 1619.12 5.49) 282.4m ($378m) BT-SRI Index The BT-SRI Index rose 10.1273 words
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Article1809 2001-09-01 16 Company Date ann Net earn TY LY f$m> <Sm) EPS TY LY <cts> (cts) > o 1 3. 15-May F 0.182 0.799 0.18 0.9 Achieva 15-Aug 1 3.819 3.892 0.92 1.19 AddValue 28-Jun P 0.559 3.217 L 0.14 1.0 L AirOcean 25-Jun P 4.952 4.611 1.62 2.02 Alexandra1,809 words
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Article136 2001-09-01 16 BONUS ISSUE ExBooks Acc Company Ratio date dose Paymt Hiap Seng one-for-two 10-Aug 15* Aug NA Horizon.com two-for-one 07*Aug 13-Aug NA Airocean one-for-four 16-Jul 19-Jul NA RIGHTS ISSUE ExBooks Acc Company Ratio date dose Paymt Easyknit one-for-two @HK$0.1510-Aug 15-Aug Presscrete one-for-one »$0.10 08-Jun 13-Jun OTHERS ExBooks Acc Company136 words
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Article226 2001-09-01 16 Company Place Date Time Interform Ceramics A Plaza 1 to tit, Lower Lobby, Century Hong Kong Hotel, 238 Jaffe Road Wanchai, Hong Kong 28-Sep 9.30am Aspial E 55 Ubi Avenue 1 #07*11 Ubi 55 Building S'pore (*****5) 17-Sep 9.30am Teckwah E 25 Pandan Crescent #05-15 TIC S'pore (*****7)226 words
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Article585 2001-09-01 16 Payment lets) Ex date Books close Pay date Alexandra Hldqs b 1 30-Aug 04-Sep 18-Sep Amtek 20c F 0.8TE 06-Dec 11-Dec 20-Dec ASA 10c b 1 04-Sep 07-Sep 21-Sep Australand A50 m A3 10-Sep 13-Sep 27-Sep Avaplas 5c F 0.2 31-Aug 05-Sep 18-Sep Bukit Semb b 20 22-Auq585 words
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Article133 2001-09-01 16 Company Description Asia Micro ln-princlpl* approval In respect ot the implementation of the Asian Micro Employees' Share Option Scheme ano for the listing and quotation of ordinary shares to be issued pursuant to the exercise of options granted under the scheme. Kim Eng Hidgs tn-principle approval for the133 words
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Article1612 2001-09-01 17 UNIT TRUSTS FUNDS 1 UNIT TRUSTS Aberdeen Asset Mgt Asia Ltd Aberdeen Select Portfolio: China Opportunities Fd!** Global MNC Fd Global Technology Fd!** 0.866/0.910 0.649/0.682 0.496/0.522 0.709 /0.746 American Opport Fd 0.740 /0.778 Pacific Equity Fd!** Indonesia Equity Fd!** 1.188 /1.248 0.701 /0.737 1.439/1.512 ABN AMRO Asset Mgt (S) Ltd1,612 words
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Article146 2001-09-01 17 Foreign Currency Note Rates (9am, Aug 31) Buying OD Sellinq Singapore dollars to one unit of foreign currency Australian dollar 0.9210 0.9440 1.1170 1.1400 NZ dollar 0.7620 0.7780 Sterling pound 2.5280 2.5540 US dollar 1.7380 1.7490 Singapore dollars to 100 units of foreign currency Austrian schilling 11.49 11.73 Belgian146 words
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Article5058 2001-09-01 18 Transaction date: Aug 31, 2001 MULTIINDUSTRY 52-Wk Currency last High Law Company Traded Salt ♦ar'Vol '000 Hi# Day Law Gr*s Of» Nat m M Cap Sml Wt Avg Prica 143 35 c Acme 50c 36.5 -0.5 21 36.5 36 0.5 9.6 63.3 37 41 85,058 words
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Article1271 2001-09-01 19 52-Wk Currency last High Low Company Traded Sale ♦or'Vol '000 H*l> Day Low Gr*s Div Net P/E M Cap $«l Wt Avg Price MANUFACTURING 40.5 18.5 CAP Oil 5c 18.5 -0.5 186 19 18.5 4.7 16.2 19 168 43 C AS Auto 10c 49.5cd unch 273 50 48.51,271 words
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Article237 2001-09-01 19 FINANCE 52-Wk High Low Company Currency last Traded Sale ♦or'Vol '000 Day Gr's High Low Div Net M Cap P/E $mil Wt Avg Price 6890 4920 s IS DJ US Tech.... 555 510 s IS MSCI Spore.... US4950 -210 0 4950 4920 ***** ***** s IS S&P500 *****237 words
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Article136 2001-09-01 19 Transaction date: Aug 31,200! 52-Wk Curr Last High Low Company Traded Sale Vol ♦or'000 Day Gross High Low div Net P/E M Cap $mil HONGKONG STOCKS 265 240 2 136 27 472 7.4 106 265 108 107 8 105 6 *****.2 *****.5 191.6 *****4.8 *****3.7 *****.7 *****.8 2154.9136 words
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BANKING MERGERS – BEHIND THE SCENES
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Article1099 2001-09-01 20 It’s been 10 weeks that shook Singapore’s banking world. Five local banks are now three. The developments have been shattering enough. But as the dust settles on the bank mergers, IGNATIUS WHand EDNA KOH report fascinating details of what went on during the billion-dollar1,099 words
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Article, Illustration576 2001-09-01 20 PLAN thoroughly, act swiftly and take your competitors by surprise. These words of advice are contained in the famous military tome, Sun Tzu’s Art of War. They were also the guiding principles by which OCBC vice-chairman and chief executive officer Alex AuMIEI - 576 words
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Page 17 Advertisements
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Advertisement16 2001-09-01 17 EDUCATION/ TRAINING The Straits Times Classified. Classifications 703 794. C.A.T.S Buy It. Sell It. Find It.16 words
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Page 21 Advertisements
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Advertisement1023 2001-09-01 21 MS>' g&&|3££^| i SMM| rlStiiii am II mVisit us at: www. A drop oF water or an ocean? You decide. At UPS Logistics Group Asia Re Ltd, success has been a result of unique foresight and the courage to make things happen. A leading global third-party logistics company providing comprehensive1,023 words
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Page 22 Advertisements
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Advertisement1029 2001-09-01 22 SERI is the research arm of the Singapore National Eye Centre (SNEC). We conduct clinical, applied and basic research in ophthalmology and the visual sciences in collaboration with academic, governmental and private institutes at a global level. We are inviting suitably qualified candidates for the following positions: RESEARCH FELLOW The1,029 words
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FORUM
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497 2001-09-01 23 I REFER to Mr Jeffrey Law Lee Beng’s letter, “Make private tutors take a test” (ST, Aug 30), and other similar appeals to the Ministry of Education (MOE) to oversee assessment books, private tuition and online educational websites. The MOE’s functions and focus497 words
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Article, Illustration365 2001-09-01 23 I REFER to the concerns expressed in The Straits Times recently on the issue of teenagers dabbling in things Satanic. While I agree with Mr Alex Ren’s definition of Satan as the embodiment of evil in the Judeo-Christian worldview (“More can be done365 words
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Article166 2001-09-01 23 I REFER to Christopher Cheney’s letter, “Expats also contribute to Singapore’s economy” (ST, Aug 25), which said that The Expat’s 12,000 readers contribute more than $2.67 billion per year to the Singapore economy. His conclusion is based on a simple calculation of the earnings of these166 words
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224 2001-09-01 23 I REFER to plans to build 50-storey flats in Duxton Plain. I am not against the idea to build higher blocks, but am concerned that the scale of the development will not fit into the site location harmoniously. The present HDB224 words
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Article, Illustration351 2001-09-01 24 K.C. VIJAYAN - $500,000 plan to save Pandan V alley trees By K.C. VIJAYAN THE five mature angsana trees at Pandan Valley condominium, which the estate’s residents have been fighting to save, will not be felled after all. Instead, property developer Wing Tai Holdings will spend half a million dollars to re-work theLIM SIN THAI - 351 words
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557 2001-09-01 24 LIANG lIWEE TING - To help people have enough for old-age medical needs, Government will raise interest rate to 4 per cent next month By LIANG lIWEE TING YOU will have more money in your Medisave account to meet your hospitalisation needs from next month.557 words