The Straits Times : Weekly Overseas Edition, 6 July 1996

Total Pages: 24
1 24 The Straits Times : Weekly Overseas Edition
  • 20 1 The Straits Times WEEKLY EDITION SATURDAY, JULY 6. 1996 Price: 551.20 (in Singapore) Elsewhere by subscription only MITA (P) «08/08/95
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  • 809 1  -  Precincts to be upgraded, town centre revamped By Tan Hsueh Yun ANG Mo Kio will be transformed completely by a proposed master plan that will breathe new life into the estate. Residents can expect upgrading for 52 precincts, a revamped
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  • 685 1  -  By Julie Power in Washington SINGAPORE’S Ambassador to the United States, Mr S.R. Nathan, has completed his term confident that the fundamentals of the bilateral relationship are sound, and past differences are “nearly a memory’’. In an interview with The Straits Times
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  • NEWS FOCUS
    • 458 2 THE Government will reconvene the Cost Review Committee to ex amine claims made by the opposi tion SDP (Singapore Democratic Party) and the PKMS (Singapore Malay National Organisation). A Ministry' of Trade and Indus try statement on Wednesday said the SDP and
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    • 590 2  -  By Ahmad Osman MINISTER WITHOUT PORTFOLIO Lim B >on Heng said yesterday that any Singapore Democratic Pariv MP sitting on’ the reconv ned Cost Review Committee can have assis tants An SDP MP sitting on the committee can have one. if necessary, two.
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    • 704 2 Which of the double talk is ‘real voice of Dr Chee? PEOPLE S Action Party MP Ow Chin Hock on Tuesday responded to Singapore Demo cratic Party chief Chee Soon Juan's recent comments on three issues Singapore being an open society, re-merger
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    • 413 2  -  By M. Nirmala AN AMERICAN lecturer, who died here of a heart attack this year, has left $lOO,OOO of his insurance claim to the National University of Singapore's History Department. Dr Benjamin Batson. 53, a senior lecturer at the department since
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    • 558 3  -  By Koh Buck Song THE National Library will spend more than $1 billion, over the next eight years, to help Singapore stay competitive in the new knowledge economy and become a more gracious society. Minister for Information and the Arts George Yeo
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    • 96 3 KEPPEL SCORES A FIRST: Golfer Serlan Amat sends his golf bag trundling overhead aboard one of Keppel Club’s 60 “monocarts”. The unmanned, remote-controlled conveyor is an alternative to tne trolley, buggy and human caddy increasingly hard to find inlabour-scarce Singapore. More than 300 courses have installed
      Picture and story by ALBERT SIM.  -  96 words
    • 585 3  -  ‘Changes to S’pore-Cambridge connection will be gradual’ By M. Nirmala SINGAPORE’S education system is on the right track and any changes to it will be done gradually, Education Minister Lee Yock Suan said on Wednesday. After giving away prizes at the
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    • 233 3 THE Education Ministry has no plans to take up the suggestion that the National University of Singapore and Nanyang Technological University give donors priority for entry. Education Minister Lee Yock Suan was asked by reporters on Wednesday to comment on the suggestion by Professor
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  • HOME
    • 549 4 HOLDING the lift door open and not blasting the TV set are just two ways in which Singaporeans can help to make this a more gracious society. This year's courtesy campaign tneme, Trv a' Little Kindness, will highlight easy wavs in which
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    • 518 4  -  By Dominic Nathan SINGAPORE Armed Forces Day is a day not only for the military but for* all Singaporeans because thev all contribute to the defence of the country, said Deputy Prime Minister and Defence Minister Tony Tan. Speaking at the first SAF
      Picture by ALPHONSO CHAN  -  518 words
    • 596 4  -  By Danny Khoo A FORMER champion jockey and three racehorse owners were charged in the Subordinate Courts on Wednesday in connection with horse race fixing. They are the first to be hauled to court by the Corrupt Practices Investigation Bureau (CPIB) since
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    • 511 5  -  By Ng Wei Joo IT IS risky for young Singaporeans to want opposition MPs in Parliament and yet want the PeoEle’s Action Party to continue to e the ruling party, said Home Affairs Minister Wong Kan Seng. This is because there
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    • 609 5  -  By Wang Hui Ling IT IS natural for young Singaporeans to want an opposition in Parliament, but they should apply strict criteria before deciding on one, said National Development Minister Lim Hng Kiang. Speaking to reporters at the Telok Blangah Healthy
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    • 668 6  -  Straits Times survey of young voters By Wang Hui Ling SIX in 10 young Singaporeans think it is important to own Erivate property, but nearly alf of those polled also said they would opt for a five-room Housing Board flat as their
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    • 389 6  -  By Teo Huei Huei DO MORE to control the prices of Housing Board flats ana private properties, as well as the car pop ulation. But leave the controls over the press, television and cinema films at the present levels. This was the view of
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    • 677 6 YES. WE would like to see an opposition in Parliament, but only a credible and responsible one will do. say 20 out of 21 young Singaporeans interviewed in a straw poll. Of the
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    • 291 6 FAMILY matters, and so does health, but it is their careers that are of most immediate concern to young Singaporeans, a Straits Times poll found. Twenty-four per cent of those polled in a recent Straits Times survey said it was their
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    • 582 7  -  Singapore Recreation Club row By David Miller A GROUP of members of the Singapore Recreation Club have called for an extraordinary general meeting (EGM) to nullify the management committee election earlier this year, saying the April 27 voting was done improperly and alleging
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    • 202 7 UNDERGRADUATE Carel Low. 21, beat 15 other contestants to win the Miss Singapore International 1996 Beauty Pageant last Friday night. The first-year Arts and Social Sciences student at the National University of Singapore said that while the competition held at The Neptune theatre
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    • 481 8  -  Members press on despite 50% cut in budget By Dominic Nathan THE Singapore team planning to climb Mount Everest in 1998 is pressing on with its preparations despite cutting its budget for the project by nearly half Four members of the team left for a
      The picture was taken by Lim Kim Boon.  -  481 words
    • 233 8 ASSOCIATE Professor Chia Siow Yue of the National University of Singapore is the new director of the Institute of South East Asian Studies. She succeeded Professor Chan Heng Chee, who will be assuming the post of Ambassador to the United States, said a
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  • Page 5 Advertisements
    • 372 5 Doctors prescribe a weekly dosage of The Straits Times Weekly Edition to keep home sickness at bay. Are you following doctors' orders? The Straits Times Weekly Edition brings you the latest news in business, financial markets, politics and career opportunities in Singapore right to your doorstep. It is the perfect
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  • Page 6 Advertisements
    • 97 6 CALL FOR LESS jv.£. r. 24 Hours A Day, 7 Days A Week For vour Home or Business SINGAPORE usso.26/m,n FROM U S A. All calls arc billed in 6 seconds increments with 30 seconds minimum AUSTRALIA US$O.25/min FRANCE 1’550.36/min GERM A N Y U Sso.3 9/m i n HONG
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  • Page 7 Advertisements
    • 272 7 0* Hi "JiyhOiiK CBfnQn lm» nrswffSi •w TheStnutssTintus H IV «*w.v E»TtO« ,*.is of service* S&s&* *4*^v*' J.-3"-Doctors prescribe a weekly dosage of The Straits Times Weekly Edition to keep home sickness at bay. Are you following doctors' orders? Subscribe to The Straits Times Weekly Edition between 1 July and
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  • Page 8 Miscellaneous
    • 1244 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
    • 598 9  -  Biggest number of events to be contested since its inauguration in 1959 By Hakikat Rai A RECORD 34 sports will be held at next years South-east Asia Games in Jakarta making it the biggest biennial Games since it started in 1959. The decision was
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    • 507 9  -  Teenager selected to represent Asia TENNIS By Shirlynn Ho-Pereira TEENAGE tennis player Jaime Wong has become the first Singaporean to be selected to represent Asia in several European tournaments next month. The 14-year-old is one of eight who will compete under the banner of
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    • 344 9  -  Ferdinand, Ginola and Asprilla in Newcastle team SOCCER By Joe Dorai ENGLISH international Les Ferdinand, Colombian Faustino As Erilla and Frenchman David Gino- > will be among the top players in the Newcastle United side to meet S-League All-Stars in an exhibition match
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    • 378 9 FORMER Singapore and Brunei national coach Hussain Aijunied has decided to quit as chief coach of S-League club Tampines Rovers. Hussain. 53, agreed to part company with the club after it decided to employ Scottish coach William Gallagher to take charge of the squad for
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  • MALAYSIA
    • 268 10 Bernama. KUALA LUMPUR Chief Justice of the Federal Court Tan Sri KusofT Chin confirmed on Monday that High Court judge Datuk Syed Ahmad Idid Syed Abdullah Idid has resigned. Datuk Syed Ahmad Idid did not give any reason for his resignation
      – Bernama.  -  268 words
    • 411 10 cr w Bemama KUALA LUMPUR Prime Minister Datuk Seri Dr Maha thir Mohamad has spoken of foreign attempts to discredit him. citing numerous articles in the foreign media as well as a new book written bv a Westerner which blamed him for all of
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    • 465 10 NST. KUALA LUMPUR Prime Minister Datuk Seri Dr Mahathir Mohamad has told local governments, national associations. companies and sponsors not to go overboard in showering rewards on those successful in sports. National Sports Council (NSC) director-general Datuk Mazlan Ahmad said on
      NST.; Tlmttgnphtcs  -  465 words
    • 231 10 Bemama. KUALA LUMPUR Uruguay has invited Malaysia to set up plants in the country for the assembly or manufacture of cars for export to the region. Foreign Ministry Deputy Secretary-General Datuk Abdul Halim Ali said on Wednesday that since Uruguay did
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    • 374 10 UNOPPOSED -NST. IPOH The Malaysian Chinese Association (MCA) leadership has strong grassroots support which augurs well for the party’s stability. MCA national organising-secretary Datuk Ong Ka Chuan has said. This was clearly evident in the re-election of its president, Datuk Seri Dr Ling Liong Sik,
      -NST.  -  374 words

  • SOUTH-EAST ASIA
    • 451 11  -  By Paul Jacob Indonesia Correspondent JAKARTA Indonesian State Secretary Moerdiono quelled rumours on Thursday that President Suharto was ill after earlier speculation about his health hit the stock and foreign exchange markets. Diplomats and sources close to the presidential palace said, however, that
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    • 401 11  -  By Leticia Perez in Manila PHILIPPINE President Fidel Ramos is expected to lift the ban on the deployment of Filipino maids to Singapore in the coming weeks, Foreign Affairs Secretary Domingo Siazon said last Friday. “It could happen in the
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    • 251 11  -  By Leticia Perez in Manila AN AUSTRALIAN media expert on Tuesday rallied Asian policymakers, chief executives and practitioners to take a stand against US cartoons which emphasise individual needs over the common good. Australian Children’s Television Foundation Director Patricia Edgar told about 250 delegates
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    • 80 11 A THAI customs official opening part of a consignment of five kg of cocaine discovered in an international courier shipment from Colombia. Customs Department director Supachai Pisitvanit said on Tuesday that the cocaine, with an estimated street value of 15 million baht (*****,000), was packed in five
      AFP picture  -  80 words
    • 439 11  -  By I Paul Jacob. FOREIGNERS with significant business interests in Indonesia but not resident here will be allowed to buy property, according to guidelines that accompanied a new ownership law announced last month. Explanatory notes found in a copy of the law, obtained
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  • COMMENT / Pick of the week’s editorials
    • 668 12 JULY 5.1996 PEACE is a beautiful thing in itself. but it is doubly welcome when it is a path out of poverty. The Philippine government’s interim peace settlement with the Moro National Liberation Front (MNLF) in the southern region of Mindanao deserves commen dation for both these
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    • 692 12 JULY 3.1996 ON MONDAY last. Hongkong was 365 days away from becoming a part of China again. When the day arrives, it will have been 155 years since the island was ceded to Britain by the Manchu court of the crumbling Qing dynasty under the Treaty
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    • 691 12 JULY 1,1996 SOMETHING ugly is going on at the United Nations. Its Secretary General is being pitted against the organisation s most influential member. The United States wants Dr Boutros Boutros-Ghali out when his five-vear term expires at the end ot the year. The
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    • 785 12  -  By BobNg THE young are in the news today, as well they should be. They are, after all, our future. And it is no exaggeration to say that whether Singapore continues to prosper inthe 21st century depends on them. The current
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  • COMMENT/ANALYSIS
    • 1161 13  -  By the way With TAN SAI SIONG AT A recent dinner talk organised by the Singapore Press Club and the Foreign Correspondents’ Association, Mr Lee Kuan Yew expressed distress at the fact that teenagers in Singapore worried about property and car prices
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    • 984 13  -  My View CHERIAN GEORGE THE many Singaporeans who have voiced alarm about the social and political consequences of the younger generation’s high expectations nave just been handea some statistical grist with which to eat their words. A Straits Times opinion poll published
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  • INSIGHT A LOOK AT THE ISSUES OF THE DAY BY THE STRAITS TIMES POLITICAL DESK
    • 1669 14 Ethnic networking seems to be the buzz word these days as Chinese, Indian and Malay Singaporeans exploit their ties with ethnic counterparts in the region to conduct business. But does race really give an edge to business? Chua Lee Hoong takes
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    • Article, Illustration
      293 14 THE story of Thakral is one that debunks the myth about the advantage of ethnicity in doing business. Headed by 63-year-old Kartar Singh Thakral (right), the Thakral group has successfully penetrated China, In- dia, and another 24 countries besides. It is listed in Hongkong and Singapore, has an
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    • 1290 15 There has been talk of changing the education system to make students more creative and fine-tuning schools ranking to include non-academic factors. Ng Wei Joo seeks the views of Dr Soh Kay Cheng, former director of the National Institute
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    • 1318 15  -  Thinking Aloud Han Fook Kwang THE findings of a survey on how young Singaporeans view life here, which we published last Saturday, should be compulsory reading for all those interested in how they might vote in the coming General Election. The
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  • MONEY
    • 434 16 Sharemarket review THE Singapore stock market ended the week on a bleak note, with the benchmark Straits Times Industrials Index closing less than one point shy of its trough for the year on Friday. For the week, it lost 37.25 to 2,258.96.
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    • 1265 16 Company Dat« *nn Mat aarn TY LV ($m> <Sm> EPS TV LY lets) Ids) ab« Hiags Jun 6 F 0.697 2.007 1.6 4.6 Acer May 24 F ***** 26 643 228 278 Acma Jun 14 F 52.778 ***** 31.9 39.9 AHi Hidgs Jun 26 P 2534 2.159 845
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    • 1555 16 Payment <%) b <uu if *•7 d*t# ABR Hldgs SC r 3 Jun28 Jul 4 Jul 16 Acer 5<X D 5 Jul 8 Jul 12 Jul 30 Acme 50< r 15 JuM Jul 5 Jul 18 Alcorn F 6TE Jul 2 Jul 8 Jul 22 A me ol
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    • 79 16 ST Industrials Index The Straits Times Industrials Index fell 37.25 points on the week to 2258.96. DAY CLOSE TURNOVER Monday 2291.53 (-4.68) 111.72m ($452.984m) Tuesday 2273.46 (-18.07) 65.314m ($200.046m) Wednesday 2271.56 (-1.90) 64.105m ($191 645m) Thursday 2268.31 (3.25) 59.423m ($196.444m) Friday 2258.96 (-9.35) 52.525m ($148.681m) BT— MGA
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    • 211 16 Company Place Date Time JACKS mt A n Jin Lembeh Kallenq (3399*7) Jull 11.30am MMC A U E The Crown Princess Kuala Lumpur Ballroom 3. 10th Fir City Square Centre 182 Jin Tun Recall ***** Kuala Lumpur Jut 3 NYA Alliance Tech E 139 Joo Seng Road #06-01
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    • 142 16 RIGHTS ISSUE Company Ratio Codate Books Acc 8 dose Raymt Eltech Fifteen 3 wrt-tor-ten 9 $0.25 Jun n Jun 17 Jul 8 Li trig Court Two-for-tive 9 $1.08 Jun 6 Jun 12 Jul 3 MMC Three-tor-five 9 MS2.00 May 9 May 23 Jul 8 Metban Two-tor-five 9 $0.38
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    • 74 16 Alliance Tech Four 3 wrts-tor-ten ®$1.00 Amcol One-for-two $2.05 Freight Links Two 1 wrt-for-four $0.72 H Leong Ftn One-for-five $2.30 Orchard p One-tor-one $1.80 PSC One-tor-two $0.70 Bonus issue MAA Oriental H PSC Perils Plant One-tor-tive Two-tor-five One-for-five One-for-four Keppei Finance Renounceeble pref offer of wrts on basis
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    • 515 17 SINGAPORE’S economic growth is likely to slow to 7 to 7.6 per cent in the second half of this year, said economists. But. even with a slower second half, the economy would likely grow at 7.5-8.5 per cent for" the whole
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    • 481 17  -  By Sim Wai Chew THE Port of Singapore Authori tv (PSA), seeking sources of tjrowth beyond Singapore, has aunched fts first international port venture in Dalian. China. Speaking at the opening cer emonv for Dalian Container Terminal Co <DCT> on Tuesday. Communications Minister
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    • 302 17 THE Singapore International Monetary Exchange (Simex) more than doubled its net earn ings from $19.6 million to $42.5 million for the vear ended Dec 31, 1995. Turnover was up to $66.4 million from $39.8 million as Simex steered through the storm
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    • 167 17 COUNTER RATES Singapore dollars to one unit of foreign currency Buying OD Selling US dollar 1 4026 1 4187 Sterling pound ***** ***** Australian dollar 1 0863 1.1204 Canadian dollar 1 0242 1 0479 NZ dollar 0 9493 ***** EC unit 1.7734 Singapore dollars to 100 units of foreign
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    • 127 17 Contract date: July 5, 1996 CURRENCY 1 MTH 3 MTH 6 MTH 9 MTH 12 MTH CALL VALUE DATE US$ 4 7 m 5 5'. 5>4 4 4 09/7/96 A$ 6'. 6'7 7 7 5-4 09/7/96 NZ$ 9', 9 9>4 9 84 8’ 4 09/7/96 STG 5
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    • 525 17 Friday July 5 HKS ASM Pacific 6 25 0.100 Allied Ind Int'l 0.41 unch Allied Oversea 0 66 -001 Asia Sec Int 1 54 -0 03 Bank of EA 28 45 -0 10 C P Pokphand 308 -0 02 COL Hotel 4 10 -0 05 Cafe De Coral 2
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    • 538 17 Mgrs' prices, July 8 Singapore Unit Trust The Commerce 1 66—1 76xd® The Savings Fund 1 63—1 73« S'pore Prog Fund 0.71-075® S'pore Sec Fund 1.05-1.11® S'pore Invest Fund 1.10—1.17xd® S'pore Equity Fund 0.81-0.86® Credit Lyonnais Int'l Asset Mgt CL Asia-Pac Gr Fund 0.895-0 940" Cl S'pore Gr
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    • 8521 18 INDUSTRIAL AND COMMERCIAL 1995 96 Curr Last Vol Day Gr’s Net M CapWt Avg High Low Company Traded Sale +or000 High Low Div P/E Smil Price ASE NT$10 200 us 214 165 Acer 50c us 182 cd ♦2 166 183 181 5 ON 11 3 301 3
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    • 966 20  -  Top place overall goes to Clob-traded Sri Hartamas Corp in first half By Chan Wee Chuan BELEAGUERED Amcol Holdings was the most heavily traded Singapore listed stock in the generally uninspiring first half of this vear But it was edged out bv Clob-traded
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    • 624 20  -  Retail woes By Kalpana Rashiwala IN the biggest retail cutback here, all three Kmart stores are to close down two years after the US discount chain opened here. The stores, which lost $12.6 million last year, are operated under a
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    • 230 20 TEMASEK Holdings, the Government investment arm, has raised $368 million through the sale of 100 million Singapore Telecom shares to institutional investors in the past four days. In a statement on Sunday, DBS Bank said it had placed another 10 million
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  • Page 21 Advertisements
    • 621 21 The Straits Times Weekly Edition f /TS\ V..V MINISTRY OF COMMUNITY DEVELOPMENT The Ministry of Community Development plays a strategic role in the provision of social services in Singapore. It provides direct welfare services as well as act both as a catalyst and provider of resources for the voluntary sector
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  • Page 22 Advertisements
    • 723 22 STRATEGICALLY PLANNED FOR PROGRESSIVE ACHIEVEMENTS WINGTAI LAND. titi r;f»r?S A wholly owned subsidiary of Wing Tai Holdings Ltd, we are a leading property investment and development company in Singapore and Malaysia with operations worldwide. Due to our growing business activities, we invite you now to join us in these newly
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  • FORUM
    • 247 23 IT IS a sad situation for this document called the medical certificate. It is the most abused form of authorised absence from work for a wide spectrum of non-medical reasons. Doctors are “pressured” by patients" to grant this piece of paper. The
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    • 330 23 Tribunal for the Maintenance of Parents I REFER to the letter from Mr Leong Wai Khuen. “Irresponsible father wants maintenance" (see this page) Mr Leong’s concern for the safety of his family is understandable. There are legal remedies open to him. There is
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    • 171 23 I FULLY agree with what Mr Leong Wai Khuen had written (see this page). What he wrote touched me very deeply as my daughter and I shared the same plight. We were harassed by my former husband many years ago and was at the receiving
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    • 535 23 MV’ SISTER and I have an irresponsible father. He was a taxidriver for more than 20 vears and my mother divorced him 13 years ago because of adultery. He gambled, drank and smoked, and never contributed to the family. My mother had to work as a
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    • 538 23 THE whole nation seems to be pre occupied with the proper ty market. Property has become a national obsession. The Government is intervening actively in the property market in trying to manage rising expectations and preserving political support. Are we going
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  • 655 24  -  By Walter Fernandez THE Government will give a $24 million boost to the Youth Development Fund to encourage young Singaporeans to initiate projects aimed at helping the less fortunate and the community. Prime Minister Goh Chok Tong announced this while speak
    Picture by CHEW SENG KIM.  -  655 words
  • 786 24  -  18 years and 18 strokes for robbery with hurt By Lim Li Hsien A JOBLESS man was acquitted on Thursday of murdering a Japanese tourist in her room at The Oriental hotel two years ago. But Judicial Commissioner Choo Han Teck found Abdul
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