The Straits Times : Weekly Overseas Edition, 29 December 2001
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2001-12-29
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The Straits Times : Weekly Overseas Edition
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Title Section20 2001-12-29 1 The Straits Times Weekly Edition Saturday, December 29, 2001 Price: S$ 1.20 (in Singapore) Elsewhere by subscription only MITA 304/03/200120 words
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Article, Illustration656 2001-12-29 1 ALICIA YEO - Aircraft are diverted or delayed; fallen trees cause havoc on major roads, and weatherman tells people to stay indoors *L ALICIA YEO UNUSUALLY strong winds and continuous heavy rain caused at least 28 flights arriving at Changi Airport to be diverted and delayed theSTEPHANIE YEOW - 656 words
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Page 1 Advertisements
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Advertisement60 2001-12-29 1 Retail Ringing in the New Year Not Shopping centres in Orchard Road were packed with people, but the cash registers were not ringing as loudly as the retailers had hoped, page 8 Sports She's Stepping Down Netball Singapore president Ivy Singh-Lim will call it quits in June after leading the60 words
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PRIME
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424 2001-12-29 2 WILLIAM CHOONG - As other Asian currencies are dragged below critical support levels, Sing dollar falls to new 11-year low of $1.8542 By WILLIAM CHOONG THE Japanese yen broke past the key 132 level to the United States dollar on Thursday dragging other Asian currencies past their424 words
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542 2001-12-29 2 LOH CHENYI - §IL LOH CHENYI SINGAPORE’S all-important manufacturing sector may be bottoming out after data released on Wednesday showed a smaller-than-expected 13.6-per-cent drop in output last month over November last year. Economists were expecting a markedly worse dive of around 20 per cent, in line with542 words
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323 2001-12-29 2 COLIN TAN - Byi COLIN TAN PROPERTYCORRESPONDENT THIS year’s recession has produced a record number of “forced” property sales, mainly private homes when banks step in to sell after owners fail to meet loan repayments. But the same economic gloom meant buying confidence was low and many323 words
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521 2001-12-29 2 TAN 001 BOON - By TAN 001 BOON ASSISTANT NEWS EDITOR SOME courtrooms in the High Court remained idle for many days last year because judges were clearing cases quickly and some lawyers could not get their cases ready in time for a hearing. The 15 courtrooms521 words
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Article, Illustration313 2001-12-29 3 G. SIVAKKUMARAN - *IL G. SIVAKKUMARAN AIRLINE passengers with time to kill at Changi Airport can take part in the world’s first airport gameshow. Called Guess The Range, it cost $1 million to develop and takes place six times a day at the airport’s transit halls inDESMOND WEE - 313 words
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575 2001-12-29 3 LYDIA LIM - Crowds flocking there are threatening; the survival of its natural habitats, so NParks is stepping in with visiting rules By LYDIA LIM CHEK Jawa is in danger of being ruined as a haven for marine creatures because too many people are visiting it575 words
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467 2001-12-29 3 LOH CHENYI - §!L LOH CHENYI PINETREE Town and Country Club has been placed under interim judicial management in order to stay open after creditors tried to recover massive debts racked up by its parent companies in failed China ventures. Despite the woes faced by its owners, the467 words
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HOME
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Article499 2001-12-29 4 LAUREL TEO - Changes intended to ensure public service maintains its share of talent in face of competition from the private sector *L LAUREL TEO THE Public Service Commission (PSC) will revamp its prestigious Overseas Merit Scholarship (OMS) scheme from next year in an effort to make it even499 words
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Article, Illustration425 2001-12-29 4 K.C. VIJAYAN - By K.C. VIJAYAN AN EMBARRASSED Singapore Boys’ Brigade on Wednesday apologised for including good gifts when it threw defective donations into a dumpster near its headquarters. It said it was very sorry that this had happened when The Straits Times told itHOW HWEE YOUNG - 425 words
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497 2001-12-29 4 LIANG HWEE TING - *L LIANG HWEE TING THE chairman of Singapore General Hospital’s medical board will hold the fort at Singapore’s largest and oldest hospital until a new chief executive officer is found to take over from Dr Vivian Balakrishnan. Acting CEO Professor Y.Y. Ong, a respiratoxy497 words
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2001: WATERSHED YEAR
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Article, Illustration662 2001-12-29 5 Text: SUE-ANN CHIA - What a tumultuous year it has been Text: SUE-ANN CHIA (Logged by a stressed-out factory supervisor) JANUARY Dear Diary, I am so scared of getting laid off. Company is losing money. Better prepare for it: 100,000 training places available this year, says NTUC. Maybe the GovernmentMIKE M DIZON and CHRISTIAN INTON - 662 words
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Article, Illustration886 2001-12-29 6 Text: KAREN WONG - In the battle for the hearts and minds of Singaporeans, it is not a particularly Text: KAREN WONG (By a panicky politician) JANUARY It’s got to happen sooner or later. The People’s Action Party now says it’s looking for singles and divorcees to field in theMIKE M DIZON and CHRISTIAN INTON - 886 words
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Article, Illustration873 2001-12-29 7 Text: SHAHIDA ARIFF - With each year, parents will increasingly realise that putting their kids through school is... Text: SHAHIDA ARIFF (Diary of a pushy and proud mother of two med student Jack and PSLE pupil Jamie) JCbhlttcZg.ty My Jack is going to be a doctor. So smart. But mustMIKE M DIZON and CHRISTIAN INTON - 873 words
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Article, Illustration576 2001-12-29 8 KRIST 800 - Christmas sales are the latest victim of the recession, with people buying fewer gifts §IL KRIST 800 SHOPPING centres in Orchard Road were packed with people on Sunday but the cash registers were not ringing as loudly as the retailers hoped they wouldTHOMAS WHITE - 576 words
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Page 8 Miscellaneous
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Miscellaneous1061 2001-12-29 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 Word1,061 words
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SPORTS
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Article, Illustration439 2001-12-29 9 CHAN TSE CHUEEN - BU CHAN TSE CHUEEN THE Singapore Amateur Swimming Association Branch on Wednesday celebrated its most successful year at its annual award ceremony in Toa Payoh. And Sasa which started the development scheme in 1986 to make competitive swimming affordable toDESMOND WEE - 439 words
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634 2001-12-29 9 Ivy Singh-Lim says she is ‘brain-aead’ after her 10 years as NS president and wants newhlood to head it IVY SINGH-LIM, Netball Singapore’s feisty president, will call it quits in June after leading the national sports association for the past 10 years.634 words
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Article361 2001-12-29 9 CHAN TSE CHUEEN - BIL CHAN TSE CHUEEN FIRST, he took a gamble which did not pay off. Then, disappointed and worn out, he and partner Kendrick Lee were too eager for victory and lost. Denied the Under-17 singles title he wanted so badly, Hendra Wijaya was not to have361 words
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MALAYSIA
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528 2001-12-29 10 BRENDAN PEREIRA - Cut the tough talk and swallow your pride to save the party, he tells camps led by the MCA chief ana his deputy BRENDAN PEREIRA MALAYSIA CORRESPONDENT KUALA LUMPUR Prime Minister Datuk Seri Dr Mahathir Mohamad has had enough with the528 words
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Article, Illustration188 2001-12-29 10 KUALA LUMPUR The efforts of two Singaporean singers to carve a niche for themselves in Malaysia’s music scene have paid off. Hetty Sarlene, 17, and Ferhad Iberhim, 29, have become household names in Malaysia after their solo albums received warm support from fansHARIAN METRO - 188 words
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361 2001-12-29 10 KUALA LUMPUR Malaysia Airlines (MAS) may be cutting around 3,000 jobs from its current payroll of 21,000 as part of a “manpower rationalisation exercise” to help the airline stay competitive. Quoting unnamed sources, Malaysia’s Business Times on Tuesday said a report on361 words
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Article214 2001-12-29 10 the workers’actions. The Star/Asia News Network SANDAKAN (Sabah) Workers of the state-owned Sinora group of companies refused to accept their retrenchment letters, with the Malaysian Trade Union Congress describing the downsizing exercise as a cover to get rid of unionists. More than 1,000 workers, ofthe workers’actions. The Star/Asia News Network - 214 words
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SOUTH-EAST ASIA
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235 2001-12-29 11 HANOI About 70 per cent of trials, both criminal and civil, in Vietnam have no defence lawyers due to the heavy load of court cases and a shortage of lawyers, an official said on Wednesday. There are nearly 2,000 lawyers in the country,235 words
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Article, Illustration518 2001-12-29 11 AP, AFP, Bernama KUALA LUMPUR The family of Filipino rebel leader Nur Misuari will be allowed to visit him before he is sent back to his country, where he is wanted for staging an uprising, Prime Minister Datuk Seri Dr Mahathir Mohamad said on Wednesday.– AP,; AFP,; Bernama; AFP - 518 words
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310 2001-12-29 11 AFP, The Jakarta Post/ Asia News Network JAKARTA Indonesian President Megawati Sukarnoputri and a Cabinet minister have denied that they had taken the initiative to revoke graft charges against former President Suharto. “I want to set straight the news thatAFP, The Jakarta Post/ Asia News Network - 310 words
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490 2001-12-29 11 Less partying and dining out ♦Fewer gifts and new clothes AFP, Philippine Daily Inquirer/Asia News Network MANILA The economic downturn has put the holiday season in sobering perspective for Filipinos who are partying less, buying fewer new clothes, dining out less, and skimping on long-distanceAFP, Philippine Daily Inquirer/Asia News Network - 490 words
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COMMENT
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Article598 2001-12-29 12 MONPAY December 24,2001 SOMETHING will turn up. For the past 10 years, that Micawberish attitude has defined Japanese policy-makers’ approach to the country’s economic crisis. What to do about the billions of dollars in bad loans that banks are holding? Oh well, perhaps the stock market will rise,598 words
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Article611 2001-12-29 12 TUESDAY December 25,2001 A SHOOTING incident in the East China Sea at the weekend involving Japanese naval vessels and an unidentified boat, believed to be of North Korean origin, can have unwarranted diplomatic fallout if the facts are not established quickly. North Korea has been silent thus611 words
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968 2001-12-29 12 P. RAMASAMY - *L P. RAMASAMY KUALA LUMPUR The Democratic Action Party (DAP) has come up with a new formula to unite the various opposition forces in Malaysia, principally those parties that project multi-racial and multireligious politics. Recently, the party withdrew from the opposition coalition, Barisan Altematif, as968 words
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COMMENT/PERSPECTIVE
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Article, Illustration1016 2001-12-29 13 TAN TARN HOW - MY VIEW By TAN TARN HOW HE WAS an alcoholic. He had two children. He loved them, but when the drink took over, he would abuse them. He left scars on one, and the other never recovered fully from the trauma. He cheated onLUDWIG ILIO - 1,016 words
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1052 2001-12-29 13 nth ASAD LATIF - HEART TO HEART With nth ASAD LATIF POSING as a foreign couple who had been robbed, former Straits Times journalist Ravi Veloo and actress Melissa Sidek, who pretended to be heavily pregnant, visited five top hotels in 1990 and asked if they could1,052 words
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INSIGHT
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1385 2001-12-29 14 Should S'pore have an independent elections agency Many decry Singapore’s election rules as unfair to the opposition. Our senior correspondent TAN TARN HOW discusses whether it is time for an independent elections commission DON’T fix it, so the cliche goes, if it ain’t broke. When it comes to Singapore’s electoral1,385 words
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Article, Illustration195 2001-12-29 14 Election deposit Complaint: It is much too high at $13,000. It stood at $1,500 per candidate until 1988, when it became pegged to the allowances paid to Members of Parliament. The opposition said it was tough to find the money, especially when contesting big group representation constituencies. Rally195 words
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1564 2001-12-29 15 WARREN FERNANDEZ - THINKING ALOUD By' By WARREN FERNANDEZ BOLD plans are being hatched by some of Singapore’s top brains to turn the island into a medical and education hub, drawing the wealthy here to grow healthy and wise. Need a heart operation or1,564 words
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551 2001-12-29 15 Tan Tarn How - Tan Tarn How IN NEW Zealand, those who feel that changes to electoral boundaries are unfair need not just whine. They can appeal to have the decisions reversed by an independent statutory body called the Representation Commission, which redraws boundaries. The process is551 words
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MONEY
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Article287 2001-12-29 16 SINGAPORE shares rose higher this week despite the shortened trading week due to the Christmas break. Fund managers buying index heavyweight stocks for the year-end closing of their books were attributed as the main factor that boosted share prices in the local bourse. The Straits287 words
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Article73 2001-12-29 16 Straits Tines Index The Straits Timas Index gained 48.91 points on the «reek to 1625.98. DAY CLOSE TURNOVER Monday 1581.33(+ 4.26) 74.1m (S82.9m) Tuesday Public Holiday Wednesday 1586.97(+ 5.64) 114.1m ($110.1m) Thursday 1612.0K+25.04) 259.3m ($261.5m) Friday 1625.98 (+13.97) 279.2m ($354.3m) IT-SRI Index The BT-SRI Index gained 15.1873 words
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470 2001-12-29 16 IGNATIUS LOW - Only 13% of property trust units offered Iby private sale are taken up by investors other than Capita Land parties Bil IGNATIUS LOW CAPITALAND’S attempt to re-sell units of its first real estate property trust (Reit) to private investors has had limited success,470 words
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Article439 2001-12-29 16 Company Date ann Net cam nr ir (Sm) (Sm) EPS TY (cts) LY (cts) Aberdeen 14-Dec P 14.961 24.126 21.12 16.48 Addvalue Tech 13-Dec 1 0.057 0.438 0.01 0.12 Airocean Grp 30-Nov 1 1.785 2.746 0.47 0.72 Alexandra Hldgs29-Nov 1 1718.014 149.2821 0.057 0.0051 AS Auto 06-Dec 1439 words
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Article294 2001-12-29 16 Payment (tts) Ex date Books dose Pay date AP Brew F 9N 04-Feb 07-Feb 21-Feb Centrepomt 50c F 2N 01-Feb 06-Feb 20-Feb Cerebos Pac 25c b 6 07-Mar 12-Mar 27-Mar Cerebos Pac 25c f 3 07-Mar 12-Mar 27-Mar Chevalier 20c 1 1 13-Dec 19-Dec 28-Oec Comfort 25c I294 words
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Article138 2001-12-29 16 BONUS ISSUE Extook. Accft Company Ratio data dose Paymt HTL Intnl one-for-two 10-Dec 13-Dec NA Chosen one-for-five 05-0« 10 Dec NA IRE Corp one-for-four 13-Nov 19-Nov NA RIGHTS ISSUE ExBooks Acc Company Ratio date dose Paymt GES Into! one-for-five© $0.30 27-Nov 30-Nov NA OTHERS ExBooks Acct Company Ratio138 words
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Article164 2001-12-29 16 Company Place Oat* Tima First Engg E 26 Woodlands Loop First Engineering Techno Centre #07-00 18-Jan 10.00am Mutti-Chem E 95 South Bridge Road Pidemco Centre #07-28 15-Jan 10.00am SPH A 1000 Toa Payoh North, E 1st Storey, Annex Block 11-Jan 10.30am 11.00am Superbowl Hldgs E SuperBowl 6oH and164 words
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531 2001-12-29 16 Stock Trans Date Setnantial Director »«y Sell Con» HOO< Shares '000 Price Per ShrS Before (•000) Shareholding After rooo) Kim Eng 19-Dec-01 Yuanta Core Paci •Buy 16 0.78 ***** 10.2 ***** 10.2 Kim Eng 19-Dec-01 Yuanta Securities Asia Buy 16 0.78 ***** 10.2 ***** 10.2 Ezyhealth Asia531 words
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Article2019 2001-12-29 17 UNIT TRUSTS FUNDS UNIT TRUSTS ABN Amro Asset Mgt (S'pore) 0.89/ 0.752/ Star Asia Balanced 0.855/ Star Global Technology Fund 0.322/ Star Bhv Finance Japan Fund!**. 0.812/ AIB Govett (Asia) Ltd. Govett Asia Pac Growth 1.036/1.088 Govett Global Brands 1.21/1.271 AIG Investment Corporation (S) Ltd AIGIF Money Market SGD 1.*****/1.*****2,019 words
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Article152 2001-12-29 17 Foreign Currency Note Rates (9am, Dec 28) Buying OD Selling Singapore dollars to one unit of foreign currency Australian dollar 0.9330 0.9580 Canadian dollar 1.1480 1.1720 NZ dollar 0.7610 0.7830 Sterling pound 2.6750 2.7030 US dollar 1.8480 1.8600 Singapore dollars to 100 units of foreign currency Austrian schilling 11.77152 words
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Article4936 2001-12-29 18 Transaction date: Dec 28, 2001 MULTI INDUSTRY 52-Wk Currency lest Hi* Low Cowioany TnM Salt ♦er 'Vol '000 M* Day Lew Gr*s Mv% Net ftl M Cep wt Avg Price 92.2 8 c Acma 50c 9.5 unch 594 10 9.5 0.5 3.9 743 9 414,936 words
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Article1271 2001-12-29 19 52-Wk Currency last Hi# Low Company Traded Sale ♦or'Vol ’000 Hi# Day Low Cr*s Dr» Net m M Cap SaM Wt Avg Price MANUFACTURING 40.5 12 c AP Oil 5c 17 unch 60 17 17 4.4 14.9 17 168 27.5 c AS Auto 10c 43.5 -0.5 451 44.51,271 words
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Article225 2001-12-29 19 FINANCE 52-Wk Hi# low Cwnpeiry Currency last Trad# Sale ♦or'Vol 000 Day Hi# Low Gr*s Div Net M Cap P/E $mtf Wt Avq Price 6890 3830 s IS DJ US Tech 555 440 s IS HSCI Spore.. US5460 US450 ***** 9950 s SPDRS US***** STOCK PRICES LEGEND Straits225 words
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Article161 2001-12-29 19 Transaction date: Dec 28,2001 52-Wh High Low Curr Last Company Traded Salt Vol ♦or'000 Day High Low Cross dlv Net P/E M Cap $mil HONGKONG STOCKS Cathay Pac 20c HK720 265 6 *****.2 Cheung KongSOc HK1780 240 3 *****.5 68 5 Citye- Solutions Lt. HK45 2 44.6 172.4161 words
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516 2001-12-29 20 SOH WEN LIN - Singapore Exchange says its stringent listing rules ensure that dishonest firms are weeded out §1 SOH WEN LIN THE accounts of Chinese companies listed in Singapore are audited rigorously and should be free from the kinds of inaccuracies their China-listed counterparts have been riddled516 words
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495 2001-12-29 20 COLIN TAN - By COLIN TAN PROPERTY CORRESPONDENT WITH signs of recovery in the lower and middle segments of the residential market, a luxury development launch this weekend will test the final high-end segment amid intense interest from long-suf-fering developers. Sing Holdings’ property arm, Sing Realty,495 words
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Article, Illustration315 2001-12-29 20 LEE SU SHYAN - *L LEE SU SHYAN CREATIVE design school Raffles LaSalle has secured approval for a Sesdaq listing believed to be a first for an arts school in Singapore. Chief executive Chew Hua Seng said: ‘This listing will significantly enhance the status of the group315 words
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Page 21 Advertisements
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Advertisement1046 2001-12-29 21 The Straits Times Weekh Edition m Singapore Sports Council Be part of the Team that will drive the Singapore Sports Council’s effort to transform Singapore into a Sporting Nation: We are looking for candidates for the following position: EXECUTIVE OFFICER (PUBLIC RELATIONS) Job Scope: To implement the SSC's public relations,1,046 words
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Page 22 Advertisements
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Advertisement1349 2001-12-29 22 i VKsit mir vuohoita vfeitourwebslleatwvwAitovteta.com Info Vista is the leading provider of business-oriented Service Management (SLM) solutions. As the Asia-Pacific headquarters, we responsible for marketing and implementing Info Vista software; which are widely used by Telcos, Service Providers and Internet Data Centers to monitor the quality of service of their1,349 words
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FORUM
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1263 2001-12-29 23 I READ with more than casual interest columnist Tan Tarn How’s article, “Should S’pore have an independent elections agency?” (ST, Dec 22), on the need for an elections commission. While it was illuminating and thought-provoking, I feel it begs a rejoinder that cautions on the1,263 words
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Article, Illustration337 2001-12-29 23 Recently, smrt decided that instead of a shuttle service between Tanah Merah and Expo, the Expo-extension would be part of the main East-West MRT line. Hence East-West trains now end at either Pasir Ris or Expo. I reside in the western part337 words
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Article154 2001-12-29 23 Recently, i was asked to take my car to the Land Transport Authority’s (LTA) vehicle-inspection centre to have the Electronic Road Pricing (ERP) in-vehicle unit (IU) and Cash Card checked, as an ERP gantry signalled a fault with them. My IU was declared functional but154 words
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Article, Illustration956 2001-12-29 24 SUE-ANN CHIA - Job vacancies are down, but don’t sit at home, advise experts; learn new skills, network and knock on doors of firms By SUE-ANN CHIA THE new year will not be a particularly joyous one for many graduates. About 16,500956 words
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450 2001-12-29 24 ALETHEA LIM - ALETHEA LIM COURT CORRESPONDENT SINGAPORE Democratic Party leader Chee Soon Juan, who is facing defamation action from both the Prime Minister and Senior Minister, has retracted his apologies and is now denying that he had defamed both men. In his court papers,450 words