The Straits Times : Weekly Overseas Edition, 16 August 2003

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Microfilm: NL25629
Total Pages: 16
1 16 The Straits Times : Weekly Overseas Edition
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  • Title Section
    Lock icon Masthead
    24 1 The Straits Times Weekly Edition PACIFIC AREA NEWSPAPER OF THE YEAR Saturday, August 16,2003 Price: 551.20 (in Singapore) Elsewhere by subscription only MITA(P) 090/03/2003
    24 words
  • Article
    Lock icon SM offers vision of better times
    638 1  -  If Singapore lowers business costs ana retrains its workforce, it will stay in the global race for investments and jobs LYDIA LIM SENIOR CORRESPONDENT SENIOR Minister Lee Kuan Yew last night held out a vision of a thriving Singapore if both the Government and
    638 words
  • Article
    Lock icon Straits Times Weekly to end 16-year run
    283 1 THE Straits Times Weekly Edition, which has kept thousands of Singaporeans overseas in touch with happenings back home and around the region for nearly 16 years, will cease publication from Sept 1. The shutdown of the 16page weekly is the result of falling
    283 words
  • Page 1 Advertisements
    • Advertisement
      Lock icon Page 1 Advertisements Column 1
      73 1 Business He's Got Hairy Plans A local researcher plans to go regional with his special lotion that he says will restore at least some of the crowning glory to shiny pates. page 7 Money Confidence Constant Private-sector economists are maintaining forecasts for Singapore’s economic growtl this year. their PAGE 14
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    • Advertisement
      Lock icon Page 1 Advertisements Column 2
      2 1 *****6„L 81Z88
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  • PRIME
    • Article
      Lock icon Govt defends open-door jobs policy
      670 2  -  If foreigners were driven out, eventually firms would shut down and economy and Singaporeans would suffer, House is told ĔL LAUREL TEO ACTING Manpower Minister Ng Eng Hen on Thursday laid out the Government’s policy on foreign workers and stressed that it was not being
      670 words
    • Article
      Lock icon Soon, air marshals on SIA and SilkAir
      511 2  -  §1 HELMIYUSOF AIR MARSHALS who will fly incognito on Singapore Airlines and Silk Air aircraft will be experienced police officers handpicked from specialised units and trained to thwart any hijacking attempt. Although armed and trained as marksmen, they will not shoot at the
      511 words
    • Article, Illustration
      Lock icon Million-dollar bankrupt
      389 2  -  That’s because Chia Shi Teck’s assets in CPF cannot be seized Bjl KAREN HO FORMER Nominated MP Chia Shi Teck on Wednesday lost his appeal against being made bankrupt but will hardly go through life as a pauper. In fact, in his own words, he will be a
      ONC CHIN KAI  -  389 words
    • Article, Illustration
      Lock icon NUS prof slashed to death
      607 3  -  Bil GLENYS SIM A TECHNICIAN at the National University of Singapore on Wednesday burst into a conference room full of people, flashed a paper cutter at them and slit the throat of an academic among them. He then ran out, leaving a shocked group of
      AZIZ HUSSIN  -  607 words
    • Article
      Lock icon 283 vie for 140 spots in NJC four-year plan
      479 3  -  By SANDRA DAVIE EDUCATION CORRESPONDENT THE four-year American-style high school plan offered by National Junior College (NJC) is a hit with students here. It has received more than two applications for each place in its new programme, which students enter at
      479 words
    • Article
      Lock icon Door open for new private schools
      460 3  -  The private secondary schools and JCs will not get state funding but must have a Singapore character B}L JANE LEE AT LEAST five Singapore and foreign schools say they are keen to set up new private secondary and junior colleges in Singapore, now that
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  • NDP 2003
    • Article, Illustration
      Lock icon Singapore turns the page
      864 4  -  Nation puts Sars, terror and economic gloom behind it and celebrates §1 WENDYTAN THOUSANDS of Singaporeans cast their worries about the economy and terrorism aside in a joyous celebration of the nation’s 38th birthday last Saturday. Even the downward revision of the economic growth forecast to
      ONCCHIN KAI; DESMONDFOO; BRYANVANDERBEEK; WANCHUIFEN; TERENCE TAN  -  864 words
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  • PARLIAMENT
    • Article, Illustration
      Lock icon Why no service?
      363 6 Transport Minister Yeo Cheow Tong explains why the ministry is convinced that commuters are better off without some bus services and the confusion over Buangkok station. why half nnnßtrr h Mr Y«o: Because the retained portion serves areas far away from SMRT’s East-West line. But the cancelled
      C. CHANDRADAS and LIM YONC  -  363 words
    • Article
      Lock icon SBS Transit 'made mistakes' over Buangkok station
      775 6  -  Transport Minister says SBS Transit should not have left it so late to announce controversial decision not to open station Bt^ GOH CHINLIAN THE debate about SBS Transit’s controversial decision not to open the Buangkok MRT station and cuts in bus services that
      775 words
    • Article
      Lock icon Affordability of flats a concern in this economic gloom
      482 6  -  §1 LEONGPIKYIN THE affordability of public housing at a time when Singaporeans are worried about a weak economy and the possibility of job losses and wage cuts, was clearly a concern among several MPs on Thursday. And they queried National Development
      482 words
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  • HOME
    • Article, Illustration
      Lock icon Scientist's hair lotion gets million dollar backer
      623 7  -  Potion by local researcher to help restore hair to be sold regionally after Hong Kong-based company bought over the selling rights By CHANG AI-LIEN SCIENCE CORHESPONDENT ARMED with a lotion that he says will restore at least some of the crowning glory to
      AZIZ HUSSIN  -  623 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Lock icon Page 7 Miscellaneous Column 1
      1061 7 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
      1,061 words
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  • COMMENT
    • Article
      Lock icon Greener or browner?
      610 8 TUESDAY August 12,2003 A PERIODIC survey by Singapore Press Holdings (SPH) on impressions of Singapore’s future prospects has brought an interesting, if hardly revealing, snapshot of retirement intentions. Asked whether they would retire overseas, about a quarter of the sample group of 510 persons said they would.
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    • Article
      Lock icon A law for the times
      586 8 WEDNESDAY August 13, 2003 POWERFUL arguments are being raised in Indonesia’s ruling circles in favour of a punitive security law that its advocates say is necessary to prevent terrorist acts. It will permit preventive detention of persons regarded as threats to state security, an old
      586 words
    • Article, Illustration
      Lock icon Cutting the Gordian knot of greed and growth
      1028 8  -  SATURDAY By CHUA LEE HOONG WHILE in Kuala Lumpur recently for a publishing conference, one remark from a dinner conversation struck me. Prime Minister Mahathir Mohamad had done many good things for his country, said a Malaysian observer, economic growth and the
      ADAM LIB  -  1,028 words
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  • COMMENT/PERSPECTIVE
    • Article, Illustration
      Lock icon Time to go out on a limb
      869 9  -  THE WAY 1 SEE IT B'l YEOWKAI CHAI LAST week, my colleague Sharon Loh voiced Singaporeans’ fear about the future in this column. First Sars, then large-scale retrenchments. Earlier this week a car bomb went off in Jakarta, bringing the spectre of terrorism
      I.IDWIG II JO  -  869 words
    • Article
      Lock icon As unions decline, who will look after the little people?
      905 9  - As unions decline who will look after the little people? By EDDIE LEE SENIOR WRITER ON JULY 6, the leadership of the German trade union IG Metall declared the collapse of its strike in the east German steel and electrical industry, the first time since 1954 a trade union had
      905 words
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  • INSIGHT
    • Article, Illustration
      Lock icon Singapore, can lah
      1741 10 A recent Straits Times survey of 510 people has found that more than three quarters are confident in the nations future. What explains their certainty that this island state will survive and thrive? Are they living in blissful ignorance or do they have a good basis for
      Graphics: LIM YONG Photo: DESMOND FOO  -  1,741 words
    • Article
      Lock icon Can we see beyond the next bus stop?
      1026 11  -  THINKING ALOUD By Bi/PAUL JACOB WHEN huge chunks of the JW Marriott Hotel got blown away in Jakarta on Tuesday, Singaporeans tuned in to watch, no doubt with a mixture of concern and disgust at the loss of life, at the callous
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    • Article
      Lock icon Chinese twists versus Singaporean Nuts
      859 11  -  By TOHHANSHIH FOR THE STRAITS TIMES IF YOU want an idea of the differences between Singapore and China, look at the traffic in both countries. One day last year in Beijing, I attempted to cross one of those broad, five-lane highways typical of the Chinese
      859 words
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  • SOUTH-EAST ASIA
    • Article
      Lock icon Islamic Studies to be replaced in Malaysian schools
      462 12 country. The Star/ Asia News Network KUALA LUMPUR Islamic and Moral Studies in Malaysian schools will be scrapped by 2005 and replaced with a new subject to be studied by both Muslims and non-Muslims. All students would be taught values and citizenship
      country. The Star/ Asia News Network  -  462 words
    • Article, Illustration
      Lock icon JI suicide squad on the loose
      590 12  -  Marriott bomber belonged to special cell of 10 to 15 men said to be gearing up for more attacks. Terror threat remains high By ROBERT GO THE STRAITS TIMES INDONESIA BUREAU JAKARTA Indonesian police said on Tuesday their main suspect in the JW Marriott
      AFP  -  590 words
    • Article
      Lock icon Bangkok's divorce rate adds to its ageing problem
      309 12  -  By NIRMAL GHOSH THAILAND CORRESPONDENT BANGKOK The city’s soaring divorce rate has lent momentum to the ageing of the population as fewer babies are being bom, says a Thai population researcher. In just seven years, the divorce rate increased to 20.9 per
      309 words
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  • MONEY
    • Article
      Lock icon Stock prices rise, buoyed by renewed optimism
      661 13 SHARES in the Singapore market moved higher this week as fund managers moved in to nibble on banking and technology heavyweight stocks buoyed by optimism that the domestic economy is on the mend. The Straits Times Index (STI) rose 59.8 points on the
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    • Article
      Lock icon WEEK'S TOP RISES (¢)
      120 13 WEEK'S TOP RISES Cents Volume Creative T 25c 1730 310.0 21.8 9,294,800 DBS Grp 1210 110.0 10.0 57,907,000 SPH..... 1930 60.0 3.2 7,166,000 Venture Corp25c 1810 60.0 3.4 6,270,000 SPH 100 1930 50.0 2.7 151.400 U08 1320 50.0 3.9 32,575,000 OCBC 1120 40.0 3.7 24,307,000 City Dev 50c 494 32.0
      120 words
    • Article
      Lock icon WEEK'S TOP RISES (%)
      130 13 WEEK'S TOP RISES Cents Volume International Press... 29 100.0 14.5 9,706,000 Chuan SoonHuat W03 2.5 66.7 1.0 149,000 SwingMediaW*****3 30.5 64.9 12.0108,885,000 Armstrong WO4O52O 6.5 62.5 2.5 4,854,000 Int Roller 20c 74.5 55.2 26.5 3,337,000 Acma W*****6 1.5 50.0 0.5 48,000 CSC W*****7 1.5 50.0 0.5 60,000 PanpacMed W*****9 1.5
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    • Article
      Lock icon WEEK'S TOP FALLS (¢)
      127 13 WEEK'S TOP FALLS Cents Volume OCBC 4.5%NCPS 100.***** -40.0 -0.4 74,100 Sea View 875 -35.0 -3.8 349,000 KhongGuan 140 -23.0 -14.1 52,000 Spore Land 378 -12.0 •3.1 1,741,000 B Sembawang 1250 -10.0 -0.8 60,000 GP Bat 80c 308 •8.0 -2.5 1,500,000 Sp Land W*****3.... 167 -6.0 •3.5 627,000 UOI 310
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    • Article
      Lock icon WEEK'S TOP FALLS (%)
      133 13 WEEK'S TOP FALLS Cents Volume Goldtron NCCPS 4.5 -25.0 ■1.5 113,000 Hiap Hoe 0.5c 1.5 -25.0 -0.5 16,406,000 Koh Bros W04 3 -14.3 -0.5 320,000 MultiChem W*****6... 6 -14.3 -1.0 9,000 Khong Guan 140 -14.1 •23.0 52,000 IRE Corp 10c 4 -11.1 -0.5 843,000 Enzer ...12.5 -10.7 -1.5 53,000 Asplal
      133 words
    • Article
      Lock icon DAY-TO-DAY STOCK INDICES
      74 13 Straits Times Index Th* Strait* Tim»* lnd»x ro»* 59.8 point* on th* wook to 1,594.3. DAY CLOSE TURNOVER Monday 1,553.59 (♦19.1) 756.02m (569.37m) Tuesday 1,563.63 (*10.0) 1,102.37m (781.52m) Wednesday 1,591.48 (♦27.8) 1,488.24m (1.011.44m) Thursday 1,598.97 (*7.5) 1,668.96m (1,125.59m) Friday 1,594.32 (-4.7) 1,282.92m (807.58m) BT-SRI Index Th* BT-SRI
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    • Article, Illustration
      Lock icon 3.3% growth in second half?
      598 13  -  Barring external shocks, economy will improve from second quarter’s 4.2% contraction, say govt officials By AUDREY TAN ECONOMICS CORRESPONDENT SINGAPORE’S economy will improve “quite significantly” to grow'between 1.3 and 3.3 per cent in the second halt, as it leaves the worst of Sars and weak
      598 words
    • Article
      Lock icon Economists stick to 2003 forecasts
      717 14  -  They say govt figures are conservative, and pin their hopes on a US recovery and leading survey indicators here Govt’s Latest Growth Estimate Revision By AUDREYTAN ECONOMICS CORRESPONDENT PRIVATE-SECTOR economists are maintaining their forecasts for Singapore’s economic growth this year, shrugging off the Government’s downward
      717 words
    • Article
      Lock icon Two more Singapore firms join EDB's international HQ ranks
      383 14  -  AUDREYTAN ANOTHER two local companies have tapped the Economic Development Board's (EDB’s) International Headquarters (IHQ) scheme, which has traditionally been seen as targeted at foreign companies. Ornamental fish breeder Qian Hu Corporation and software developer System Access are two home-grown companies
      383 words
    • Article, Illustration
      Lock icon Pay cuts for two top Kim Eng Ong Asia execs
      375 14  -  Lee Su Shyan SINGAPORE’S largest independent brokerage Kim Eng Ong Asia has disclosed that two of its top executive directors took home less last year than they did a year before, on the back of dwindling trades and lower commissions
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  • Page 13 Advertisements
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      Lock icon Page 13 Advertisements Column 1
      27 13 Log on to check prices Readers who want to see the latest stock-price and unit-trust listings can log on to the following websites: business-times.asial.com.sg www.asial.com www.ftmdssupermart.com www.singaporeexchange.com
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  • FORUM
    • Article
      Lock icon An N-Day Parade like no other
      445 15 THIS year’s was the most touching National Day Parade I have attended. As before, the performances were superbly choreographed and well delivered. The tribute to the health-care workers was heartwarming and the gigantic screens boldly displaying the main message, “One People, One Nation, One
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    • Article, Illustration
      Lock icon Why it costs more to build bungalows here
      372 15 WE REFER to the article, “Bungalows here 2nd costliest in region” (ST, July 29), and specifically the statement, “These figures... have raised questions about whether Singapore builders are overcharging.” It is regrettable that the comments of The Singapore Contractors Association Ltd (SCAL)
      372 words
    • Article
      Lock icon Civil service not nimble enough
      152 15 Recently, i called the Education Ministry to ask for a schedule of education fairs in Singapore, so that I could arrange for an overseas client to take part in the fairs. I was asked to submit my request in written form. Compare this to a
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    • Article
      Lock icon Higher degrees no key to success
      300 15 THE speed of innovation and change is a major reason why formal education is no longer the key to success that it once was. Acquiring new job skills and mastering the application of relevant new technology while working boosts a career more than having
      300 words
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  • Article, Illustration
    Lock icon No straight As, but still a President’s Scholar
    660 16 ERVIN Yeo Chin Fu never thought he would make President’s Scholar. After all, he didn’t even get straight As at the A-level examinations. The 19-year-old from Raffles Institution and Raffles Junior College had three As and one B. He dreamt of being
    LIANHE ZAOBAO  -  660 words
  • Article
    Lock icon Raffles Town Club members to get damages after appeal
    689 16  -  Club did not misrepresent itself but failed to deliver on promise by letting in too many members, say appeal judges Bn KAREN HO THE Court of Appeal ruled on Monday that the Raffles Town Club did not misrepresent itself when it
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