The Straits Times : Weekly Overseas Edition, 2 September 1995

Total Pages: 24
1 24 The Straits Times : Weekly Overseas Edition
  • 20 1 The Straits Times WEEKLY EDITION SATURDAY, SEPTEMBER 2, 1995 Price: 551.20 (in Singapore) Elsewhere by subscription only MITA (P) 008/08/95
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  • 711 1 First-time buyers get easier terms to rent; bigger grants to buy resale flats PRIME Minister Goh Chok Tong last Saturday announced changes to two public housing schemes to enable young couples to own their own homes and start their families earlier. The revised Transitional
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  • 255 1 PRIME Minister Goh Chok Tong on Sunday led 30,517 Singaporeans at the Padang through the steps of the Great Singapore Workout. The large turnout, which surpassed the organiser’s target of 30,000, is now unofficially a new world record for a gymnastic or aerobic display.
    – Picture by LIM SIN THAI.  -  255 words
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  • NEWS FOCUS
    • 518 2  - R D generates fame and a little fortune for NUS By M. Nirmala THE National University of Singapore is moving into research and development (R&D) in response to the Government’s call to compete with developed countries, said National University of Singapore vice-chancellor Lim Pin. Professor Lim Pin told The Straits
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    • 176 2 UNIVERSITY don Jacob Phang, 41, is happy wearing two hats. When he is not lecturing in microelectronics, he is busy devising machines that spot defects in computer components. It brings in good money, too. One invention a world first has already reaped US$lOO,OOO (*****,000)
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    • 531 2  -  Sex slave case By Elena Chong A FORMER despatch rider was sentenced to a total of 13 years’ jail and 10 strokes of the cane on Tuesday after he was found guilty of all 11 charges of rape, oral sex, extortion and attempted
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    • 429 2  -  By Brendan Pereira CRIMINAL cases have been coming up for hearing in the High Court faster than before ever since the introduction of a new case monitoring system last year. Trial dates are now being fixed six months after someone is first charged
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    • 557 3  -  By Warren Fernandez in Suzhou (Jiangsu) SINGAPORE’S flagship project in China, the Suzhou industrial township, took a significant step forward yesterday with 13 new investors committing nearly US$3OO million (***** million) to bring total investments in the venture to about US$l.5
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    • 541 3  - S’pore’s winning formula is ‘close Govt--people ties’ By Susan Sim THE Government can do what must be done for Singapore because it enjoys a close relationship with the people, said Brigadier-Gen-eral (NS) Lee Hsien Loong last Saturday. Speaking at a National Day celebration dinner in Toa Payoh, the Deputy Prime
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    • 299 3 YA FONG, the Singapore comedian who paired up with Wang Sa to make up the famous Chinese comic duo, died of a heart attack yesterday. He was 63 years old. He was playing with the son of a woman friend at a coffeeshop in Lavender
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    • 453 3 THE husband received the award five years ago. This year, it was the wife’s turn. Madam Goh Lay Kuan, 56. choreographer and dancer, received the National Arts Council Cultural Medallion Award on Thursday as her husband, Mr Kuo Pao Kun, 56, a
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  • HOME
    • 575 4  -  Reports by Warren Fernandez in Suzhou (Jiangsu) SENIOR Minister Lee Kuan Yew said he was confident the Suzhou industrial township, Singapore’s flagship project in China, would be able to create a climate which was pro-business and competitive. “Both the
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    • 487 4 SUZHOU (Jiangsu) Singapore is determined to make the Suzhou industrial township a success as its “brand-name” and reputation with foreign investors were at stake, Senior Minister Lee Kuan Yew said on Sunday. He told Jiangsu province leaders that the Government would
      Picture by TAN SUAN ANN.  -  487 words
    • 502 4 China gets top hospital from Republic BEIJING A Singapore group has signed an agreement to build and run China’s first private hospital which will provide Singapore standards of healthcare services in Beijing. The US$24-million (Ss34-million). 150-bed Beijing International Hospital will be designed and managed according to standards set by Singapore’s
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    • 427 5 THE next population census in the year 2000 will be conducted mainly by telephone interviews rather than by house-to-house visits. Mr Kenneth Goh, a deputy director with the Statistics Department, said the department had to do this because of a manpower shortage.
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    • 801 5 THE first batch of executive condominiums will be built in Jurong East and Pasir Ris and will be priced around $500,000 to $600,000. The monthly income ceiling for applicants will be set at $lO,OOO, up from the present $B,OOO limit
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    • 339 5 THE search is on for young scientists. The National Science Talent Search was launched by Mr Sidek Saniff, Minister of State for Education, last Saturday at the First Youth Science Conference at Ngee Ann Polytechnic. “In order to stay in the same league as
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    • 454 6  -  Mindset that profession is useless hurting morale By M. Nirmala TEACHERS are demoralised oecause “everybody tells them they are useless, they are not doing their jobs", said Professor Leo Tan director of the National Institute of Education. ,ast Saturday. He said this mindset was not helping
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    • 250 6 WHAT EDITOR SAYS SINGAPOREANS should not just be concerned with career, family and health, said Mr Cheong Yip Seng. 52. Editor-in-Chief of the Singapore Press Holdings’ English Malay Newspapers Division. There was more to life than just buying a bigger house or
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    • 238 6 TWO animal lovers have become the first recipients of the Singapore Zoo’s Dr Ong Swee Law Scholarship, named after its late executive chairman. Mr Tan Kay Yen. 20, and Ms Karen Ng. 13. have kept a variety of pets since their young days, and
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    • 533 7  -  Rapist had personality problem: Judge By Lim Li Hsien A MAN was sentenced to 10 years’ jail and 12 strokes of the cane on Friday last week after admitting that he had raped his former colleague. But van driver
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    • 278 7 A SCHOOL bus driver was on Wednesday charged with leaving a four-year-old Japanese girl in his bus, with the doors and windows locked. Chang Tuck Fatt, 35, allegedly forgot to let the child down at the YMCA Metropolitan child-care centre
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    • 529 8  -  Service for regular fares By Leslie Koh and Seto Nu Wen CALL him directly, or page him, and he will turn up with his taxi on time. Mr Denny Tian, 35. is one of many enterprising cabbies who offer personal service to
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  • Page 6 Advertisements
    • 583 6 r n International Calling Card Application Notts 1) Apptictms below 2i yean ol eoe must apply under their parents name 2) The Gold international Calling Card has a quarterly subscription of Ssls Sul 3) if you do not have an existing account with Singapore Telecom (telephone fax IDO. etc l.
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  • Page 7 Advertisements
    • 315 7 4 "Did you get the sweater from Aunty Clara 7" No matter where you study abroad, your loved ones are always at your fingertips. Because with Singapore Telecom's Internationa! Calling Card, you can call home or anywhere in the world from just about any push-button phone, any time Which means
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  • Page 8 Miscellaneous
    • 1249 8 RADIO SINGAPORE INTERNATIONAL (ENGLISH) PROGRAMME SCHEDULES 1100 1400 Hours (GMT) 9530 KHz (31M BAND) MONDAY 1100 News in Brief/Weather Forecast (Asia Pacific) 1105 Frontiers 1120 Business Market Report 1130 Full News 1138 The Front Page 1140 Take Five 1145 Business world 1200 News in Brief 1205 E Z Beat 1220
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  • SPORTS
    • 499 9  -  Second expat to quit local sport in a fortnight GOLF By S. Murali FORMER national amateur golf coach, American Bob Sprigle, has quit his job and will fly home while his former charges are playing in the Putra Cup this month. Taking over
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    • 307 9  -  TABLE TENNIS By Cecilia Chan KOH Li Ping will make a comeback to the national table tennis squad and her return will strengthen the women’s team preparing for December’s South-east Asia Games in Chiangmai. The other players include world-class Jing J
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    • 190 9 Home Delivery Weekly! A crisp summary of the week's major happenings in Singapore, the newspaper covers news from politics, to business, to investment opportunities and others. What's more, it also offers news on Malaysia and Asean. A convenient tabloid airmailed to you wherever you may be, once a week. So,
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  • MALAYSIA
    • 340 10 Wooing Malaysian workers back JOHOR BARU Johor has set out on an ambitious task to woo Malaysians working and residing in Singapore to return and take up jobs in the state. The Star on Wednesday reported that the Johor
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    • 374 10 Recruiting foreign workers KUALA LUMPUR Malaysia would sign agreements on the recruitment of foreign workers with five countries once the guidelines on this were ready, Human Resources Minister Datuk Lim Ah Lek said on Wednesday. The countries are Indonesia, Bangladesh, the Philippines. Thailand
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    • 160 10 Bernama. GUA MUSANG Opposition Birty leader Tengku Razaleigh amzah won the Gua Musang by-election on Tuesday. He won 13,144 votes against 8,398 votes for his National Front rival. Datuk Hussein Ahmad. The voter turnout in Gua Musang, Malaysia’s most remote and largest electoral
      Bernama.  -  160 words
    • 496 10 Closed-circuit TV used to screen clients KUALA LUMPUR Police have uncovered a sophisticated sex ring operated by a syndicate which kept Thai call girls behind a steel door and allowed customers to take them homo. It also had a closed-circuit television set
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    • 406 10 Bernama. SEREMBAN The Malaysian economy again recorded an encouraging performance in the first six months of this year, with gross domestic product growth of 9.5 per cent, Deputy Prime Minister Datuk Seri Anwar Ibrahim said on Tuesday. He said that while the
      Bernama.  -  406 words

  • ASEAN
    • 638 11  -  Leading businessmen pledge to rectify imbalances in wages and living standards By Paul Jacob Jakarta correspondent LEADING indigenous and ethnic-Chinese businessmen have pledged concerted action to address economic and social imbalances in the country and help pave the way for Indonesia joining the ranks
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    • 190 11 Royal hugs Reuter. JAKARTA The visit of Queen Beatrix of the Netherlands to Indonesia has deepened mutual understanding and strengthened economic ties between the two countries, Indonesian Foreign Minister Ali Alatas said on Wednesday. “I think the visit has been good and politically I
      Reuter.; AFP picture.  -  190 words
    • 462 11 AP. BERNE (Switzerland) Switzerland has approved the transfer to the Philippines of nearly US$5OO million (Ss7o3 million) in bank accounts of the late Philippine President Ferdinand Marcos, a Swiss official said on Monday. The decision, which is still subject to appeal
      AP.  -  462 words
    • 326 11 ST LOUIS (Missouri) Asean ambassadors to Washington are touring the US state of Missouri to encourage more US companies to invest in South-east Asia. The envoys from Brunei, Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam arrived in St Louis, Missouri, on Monday
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  • COMMENT / ANALYSIS
    • 666 12 SEPT 1, 1995 THE meeting in Bali last weekend of Indonesian businessmen to discuss social equality brings to mind the famous episode in 1990 when President Suharto asked 31 tycoons to his ranch in West Java to talk social responsibility. Out of that meeting
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    • 643 12 AUG 31. 1995 THE lukewarm response of some young couples to the revised Transitional Rental Housing Scheme and the CPF Housing Grant Scheme is an ironical reminder of how attractive schemes can leave their beneficiaries not more satisfied, but wanting more. The rationale for the
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    • 649 12 AUG 29. 1995 FEES at government hospitals, polyclinics and dental clinics went up this month. Their last revision was in June 1993. They will be followed by higher public transport fares in October. These were last adjusted in June 1984. Public response has been generally muted.
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    • 861 12  -  By Sia Cheong Yew LAST week's report of more students shunning engineering and opting for accountancy and business studies at university level reminded me of the story about why some bright sparks have been avoiding the course For the boys, it seems,
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    • 1060 13  -  By Tan Sai Siong WORRYING trend No. 1: The number of juveniles arrested in the first half of this year continued to rise. Worrying trend No. 2: More than 70 per cent of youths arrested were for theft-related offences.
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    • 979 13  -  By Chua Huck Cheng ANOTHER controversy over primary school registration could be brewing, this one with the emotional mix of over-arch-ing parental ambition and anxiety plus suggestions that the richer classes are being given an unfair edge over the less rich.
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  • INSIGHT A LOOK AT THE ISSUES OF THE DAY BY THE STRAITS TIMES POLITICAL DESK
    • 1807 14 AT A recent dialogue with some Singaporeans, the Prime Minister handed out maps to show how small and vulnerable Singapore was. At his National Day Rally before almost half a million viewers at home and at Kallang Theatre. Singapore’s relationship with the outside world was
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    • 994 15 Boon Tiong Road residents are the latest Singaporeans to be affected by the Land Acquisition Act. Their flats will be acquired to make way for new high-rise ones. In return, they will receive a land acquisition award, an ex-gratia payment for their
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    • 1086 15  -  THINKING ALOUD Leslie Fong THE Prime Minister's National Day Rally speech on Aug 20 has rekindled speculation that a general election will be called shortly. Indeed the word on the grapevine is that Mr Goh Chok Tong will go to the country
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  • MONEY
    • 7355 16 INDUSTRIAL AND COMMERCIAL 1995 High Low Company Curr Last Traded tala Of Vol Day '000 High Lew Qr’a Dlv Nat MCapWtAvg P/E Imll Price 520 382 m t Acma 50c 498 •2 451 510 498 22.5 10.4 666.5 505 450 450 t Ala* Hide* 50c m t
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    • 337 17 THE interest in sub-dollar stocks of the recent weeks spilt over to second-liners on the mainboard and selected blue-chip counters this week. Rotational play continued on companies that were rumoured to be takeover targets, and were particularly persistent in the case of Guthrie GTS, Heshe
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    • 82 17 ST Industrials Index The Straits fanes Industrials Indei rose 7.45 points on the week to 2132.53. DAY CLOSE TURNOVER Monday 2138.20 13.12) 252.57m ($344 513m) Tuesday 2130.12 (-8.08) 251.68m ($360 783m) Wednesday 2127.25 2.87) 334.92m (J568.102m) Thursday 2146.58 19.33) 172.81m ($301.770m) Friday 2132.53 (-14 05) 400 98m ($544
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    • 786 18  -  Tycoon raises stake to 42.9%; rival Camerlin extends offer period by 13 more days Battle for Yeo Hiap Seng By Goh Soo May PROPERTY tycoon Ng Teng Fong appears to have strengthened his hand in the long-drawn battle for control of soft
      Timesgraphics  -  786 words
    • 3476 18 CORPORATE RESULTS Net Earn UPS Dale n IN IN IN C ompan) ann (Sml (Smt (cts) lets) AUK FUdgs Aug 15 1 0 364 1 109 0.8 2.5 At rru Jun 8 F 65.946 41 518 4’8 31.3 Vtc Hldgs Jun 26 P 2.159 ***** 7.2
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    • 145 18 THE United Overseas Bank (UOB, opened a full-service branch in Taipei today. The full service branch offers a range of commercial banking, investment banking and treasury services from deposit accounts, loans and advances, foreign exchange to investment and international banking facilities. Among the
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    • 288 19  -  By Goh Soo May in Hanoi FRASER Neave (F&N) CocaCola’s newly-opened US$24 million (5533.6 million) plant in Vietnam’s capital of Hanoi will see initial production capacity almost doubling within the year. Located on a 4 ha site on the outskirts of Hanoi,
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    • 431 19 Friday Saptambar 01 HKS ASM Pacific 7.15 unch Allied Ind Int'l 0.43 unch Allied Oversea 0 58 unch Asia Sec Int 2.55 unch Bank of EA 24 80 unch C.P Pokphand 3.08 0.03 CDL Hotel 3.70 -002 Cafe De Coral 1.85 001 Cath Pac Air 11.60 -0.05 Century City
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    • 398 19 Managers’ prices for September 04 Singapore Unit Trust The Commerce 154-1.63 The Savings Fund 1.50-159 Spore Prog Fund 0.61—0.65 S pore Sec Fund 0.91—0.97*d S’pore Invest Fund 1.06-1.12 S'pore Equity Fund 0 75 —0.80 Credit Lyonnais Int’l Asset Mgt Cl Asia-Pac Gr Fund 2.580—2.710** Cl S'pore Gr Fund
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    • CORPORATE RESULTS
      • 458 19  -  By Kalpana Rashiwala CYCLE Carriage reported a 37 per cent jump in group earnings to $84.4 million at the half-way mark on the back of strong performance of its motor divisions in Singapore, Malaysia and Australia. The group’s net earnings figure was
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      • 615 19 Disposal of Chun King group among reasons for better showing STILL in the throes of a takeover tussle, Yeo Hiap Seng (YHS) on Friday last week reported that its net profit increased 6.8 times to $6.7 million for the six months
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    • 150 19 COUNTER RATES Singapore dollars to one unit of foreign currency Buying 00 Selng US dollar 1.4085 1.4256 Sterling pound 2.1695 2.2224 Australian dollar 1.0451 1.0775 Canadian dollar 1.0409 1.0657 NZ dollar 0.9061 0.9379 EC unit 1.8292 Singapore dollars to 100 of foreign currency units Austrian schilling 13.4245 14.0309 Belgian
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    • 128 19 Contract data: 01/9/95 CURRENCY 1 MTH 3 MTH 6 MTH 9 MTH 12 MTH CALL VALUE DATE us$ 5 4 5 3 4 5 3 5*4 5 1 4*4 05/9/95 AJ 7 7'/, 7'. 7‘i 7'4 5*4 05/9/95 NZ$ 8’« 8H 84i 8 7Ai 7 Vi 05/9/95
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    • 539 20  -  By Douglas Wong ASEAN should bring forward the implementation of the Asean Free Trade Area (Afta) to the year 2000 in order to remain competitive in the world trading community, said Trade and Industry Minister Yeo Cheow Tong. “Unless we take steps to
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    • 564 20 They understood value of stable society, says SM ABOUT eight years ago, 11 Hongkong-based empire builders teamed up to scout for a major project that would yield steady returns. Although Singapore was in a recession then, they chose the country and bid for
      Picture by GEORGE GASCON.  -  564 words
    • Latest initial public offerings
      • 428 20 ACER Computer International (ACI), local subsidiary of Taiwan’s Acer Inc, is to sell 42 million shares at US$l.4O in Singapore’s largest initial public offering (IPO) so far this year. The IPO, launched on Monday, is part of Acer’s global strategy to list
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      • 247 20 VICOM Pte Ltd, the Comfort Group’s wholly-owned vehicle testing subsidiary, has obtained in-principle approval for listing on the main board of the Stock Exchange of Singapore. Vicom began operations in 1982 as Singapore’s first vehicle inspection centre. Today, the company tests
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  • Page 21 Advertisements
    • 910 21 US llli Mi The Straits Times Weekly Edition m ALTECO CHEMICAL lAI PTE LTD HLTECD (A MEMBER OF THE ALPHA TECHNO GROUP, JAPAN, U.S.A., FRANCE, SINGAPORE) We are a Company specializing in the manufacturing of High-tech instant Adhesives. We invite applicant for the following position Idevelopment cheHH You will be
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  • Page 22 Advertisements
    • 954 22 N SBS LEISURE PTE LTD We are going places! Come on board wth us and accelerate your career with one of the region's best transportation company. Be part of the team that moves people. If you've got the drive U'e'll provide the opportunities and rewards. SBS Leisure Pte Ltd is
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  • FORUM
    • 1102 23 Clients, lawyers and judges benefit from QCs’ services I REFER to the editorial “Time to cut QC link” (ST Weekly Edition, Aug 12) and the forum letter “Litigants should have freedom to hire QC” (ST, Aug 16) by Mr Peter Ong Lip Cheng.
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    • 501 23 I REFER to your editorial “Whither the cost of justice?” (ST Weekly Edition, Aug 26). Much has been said about the high cost of living in Singapore. Therefore, any measure taken that will reduce costs must be welcome. Your suggestion
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    • 434 23 WITH due respect to Ms Sumiko Tan (“Will Chee’s high profile win votes or be a turn-off”, ST Weekly Edition, Aug 26),1 do not agree with her view that Dr Chee’s attention-getting moves might have little, or even negative, impact when it
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  • 591 24 Constituency Top-Up Bursary Scheme also announced STUDENTS who rank among the top 25 per cent in their school and whose families earn less than 53,000 a month will qualify for Edusave Merit Bursaries, the Prime Minister announced on Sunday. Speaking at the
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  • 626 24  -  By Tan Yong Meng THE Safti Military Institute is a national institution which expressed Singaporeans’ will to defend their country and their determination to fight to preserve freedom and their way of life if the need arose. This was how Prime
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  • 143 24 SENIOR Minister Lee Kuan Yew first mooted the idea of the Safti Military Institute back in February 1982, when he felt that the old Safti at Pasir Laba Camp was expanding too fast, without a master plan, to accommodate its needs. Then
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