The Straits Times : Weekly Overseas Edition, 5 March 1994

Total Pages: 24
1 24 The Straits Times : Weekly Overseas Edition
  • 20 1 The Straits Times WEEKLY EDITION SATURDAY, MARCH 5, 1994 Price: 551.20 (in Singapore) Elsewhere by subscription only MITA (P) 002/08/93
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  • 635 1  -  Lifting of US embargo will lead to growth: PM By Sumiko Tan HANOI Trade and investment in Vietnam will increase because of the lifting of the US trade embargo and Singapore companies are well positioned to take advantage of this, Mr Goh Chok
    SPH picture by PETER CHEW.  -  635 words
  • 548 1  -  Single largest foreign investment project here By Patricia Adveraario MAJOR petrochemical companies from Europe, United States, and Japan announced on Tuesday that they will go ahead with the $3.4 billion expansion of the Singapore petrochemical complex, despite concerns over the present worldwide petrochemical slump. The
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  • NEWS FOCUS
    • 583 2  -  By Ahmad Osman THE Government will help a small group of pensionable officers meet their medical needs after they retire at the age of 60, if they opt for the new co-payment medical benefits scheme by March 31 Between 400 and
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    • 425 2  -  By Elena Chong A DISTRICT judge last Saturday found two men guilty of rigging the share price of Neptune Orient Lines (NOL). The conviction of diamond merchant Tan Boon Chiang and remisier Casey Low Chin Yee for marketrigging is believed to be
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    • 390 2 COMPASSION earned taxi driver Lee Lam Seng, 68, a Guinness Stout Effort Award. This quality shone through on Thursday when he gave away more than he received. He won the prize because for more than a year, he had taken cancer-strick-en clerk Esther
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    • 297 2  -  By Paul Jansen WESTERN Australia may become a new playground for NTUC and Safra National Service Association members, the Western Australian Premier indicated on Tuesday. Mr Richard Court, who was on a three-day official visit to Singapore, said both organisations
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    • 673 3  -  S’pore Govt pledges top-level support for project By Sunny Goh BEIJING The Prime Ministers of Singapore and China last Saturday wit* nessed the signing of an agreement which brings the development of an industrial township in Suzhou to fruition. Prime Minister Goh Chok Tong and
      Picture by FRANCIS ONG.  -  673 words
    • 240 3 MR GOH Chok Tong on Sunday assured Singaporeans that the Government would monitor consumer prices before and after the Goods and Services Tax takes effect, and act against profiteers. “Some rises in prices cannot be avoided, but if prices go up too
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    • 402 3 SEMBAWANG Shipyard Ltd was last Friday given the maximum fine of $25,000 on each of two charges of violating the Factories Act, in connection with separate fires that broke out in two vessels docked at the yard in 1992. The company pleaded guilty through
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    • 403 3 SINGAPORE’S former chief planner Liu Thai Ker has been appointed an adviser to Tianjin to help solve the city’s chronic housing problem and guide its massive coastal development project. His twin tasks: TO build affordable high-rise housing for thousands of residents now living
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  • HOME
    • 541 4 THE University of Cambridge Local Examinations Syndicate lost the O-level scripts of 259 Singapore students who sat for the Literature in English paper last year The Ministry of Education on Monday said it was the first time Singapore scripts had been lost Cambridge has
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    • 611 4 Yee Nee and Davin score 11 Als each O-level THE top Olevel students came from Nanvang Girls' High School and Raffles Institution. with both students scoring 11 Als Nanvang Girls' top student Tan Yee Nee. 16. said "It's like I'm living through a
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    • 565 4 A-level A LIFE-LONG battle with brittle bones crippled Julie Chong, but it made her determined to do well in her A-level examinations. In her first year at Tampines Junior College, she broke a leg and missed school for four
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    • 189 5 WITH three strikes of the kentong, a hanging drum used traditionally to summon villagers to prayer, Geylang Serai glowed in a million points of yellow lights. Mr Yatiman Yusof, Parliamentary Secretary to the Ministry of Foreign Affairs, struck the instrument to launch the
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    • 274 5 Tender for eating house is sl.6m higher than reserve price THE Housing Board has received a $6.8-million bid for an eating house, the size of a food court, in Choa Chu Kang New Town. This is $1.6 million higher than the HDB’s reserve price for the
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    • 353 5  -  By Sunny Goh TIANJIN Senior Minister Lee Kuan Yew has used contrasting family values to show how two societies have moved in opposite directions the West in decline, and the East on the rise. He told a press conference in Tianjin last Friday:
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    • 465 5  -  By Ravi Velloor of The Straits Times Foreign Desk SINGAPORE will not rush to ban an anti-bacterial drug used for more than two decades but blamed for more than 100 deaths in Britain. London’s Sunday Times reported over last
      of The Straits Times Foreign Desk  -  465 words
    • 635 6 TWENTY-NINE Justices of the Peace (JPs) were appointed on Tuesday by President Ong Teng Cheong. They included prominent professionals, businessmen and former MPs. President Ong presented the appointees with their warrants of appointment in a solemn and simple ceremony at the
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    • 638 6  -  By Paul Jansen WESTERN Australia wants to piggyback on Singapore's regionalisation drive, state Premier Richard Court said on Tuesday. He told reporters that he had high regard for the way Singapore was going about creating new “footholds” for itself and then building
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    • 253 6 THE 94-year-old abbot and former chairman of the Singapore Buddhist Federation, the Venerable Guang Qia, died last Thursday. The abbot, who was a leader of the Singapore Buddhist Lodge, was in charge of the Long Shan and Zhan Bo temples before his death,
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    • 257 6  -  By David Chew SINGAPORE will be represented by a former Member of Parliament, Mr Ng Kah Ting, in the Commonwealth delegation monitoring the first non-racial democratic elections in South Africa next month. Commonwealth Secre-tary-General Emeka Anyaoku said on Tuesday that
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    • 240 7 THE Government has named two new envoys to Brunei and Egypt. Mr Anthony Chng Chye Tong, 49, will be High Commissioner to Brunei and Mr Veluthevar Kanaga Rajan, 54, Ambassador to Egypt, a Foreign Affairs Ministry statement said last Friday. Mr Chng was
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    • 428 7 They had lived together for more than 30 years IN A novel divorce case on Tuesday, Justice G.P. Selvam granted a divorce to a couple who had lived together for over 30 years but never married. Apart from the couple cohabiting since 1959 and having three
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    • 505 7  -  By Edmund Teo in Perth SINGAPOREANS in Western Australia have been chided for being apathetic and not showing more interest in the activities of the Singapore Temasek Club. Worse, some stay away believing that it is a "spy club" for the
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    • 515 8  -  By Rav Dhaliwal A SINGAPORE company is holding discussions with the US aircraft manufacturer Beech Aircraft to buy a corporate jet for the company’s own use. The Singapore company, which Beech Aircraft declined to name except to describe it as a ‘‘s2o million company”, signifies for
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    • 396 8 Asian Aerospace ’94 EVEN before the close of the Asian Aerospace '94 show at Changi on Sunday. more than two-thirds of the exhibition space for the 1996 show here have been taken up. Slightly under half of the chalets
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    • 631 8 PEOPLE who want to know more about the legal aspects of writing a will or selling a property can seek help from lawyers free of charge at an exhibition this weekend. The Law Awareness Weekend at Raffles City Atrium from March 5
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  • Page 7 Advertisements
    • 271 7 If s great to hear news from home when you’re abroad The Straits Times Weekly Edition is a weekly tabloid which contains a summary of all the important news that were reported during the week. Thousands of Singaporeans living abroad and others with a special interest in Singapore find this
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  • SPORTSFRONT
    • 345 9 FOOTBALLERS in the Singapore squad will receive about $500,000 as salaries this year. This was disclosed by the Football Association of Singapore executive secretary Tan Eng Yoon after the club officials had signed contracts with the FAS on behalf
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    • 463 9  -  SNOC SPORTS AWARDS 1993: REPORTS BY YAP KOON HONG, TAY CHENG KHOON AND THOMAS KOH SPORTS, which surged on a bull run of achievements last year, recorded the highest number of recipients when the Singapore National Olympic Council announced its list of winners on Tuesday.
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    • 457 9 THE only non-surprise by tbe Singapore National Olympic Council annual awards selection panel on Tuesday was the naming of Asman Abdullah and Joscelln Yeo as the 1193 Sportsman and Sportswomen of the Year respectively. As expected, no one came near 14-year-old Joscelin with her
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    • 204 9 SPORTSMAN OF THE YEAR AZMAN ABDULLAH created history last year when he became the first bodybuilder to land the Sportsman of the Year award. Yet the 30-year-old said on Tuesday that this award was sweeter than the first. Said a beaming Azman at the World
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    • 296 9 SPORTSWOMAN OF THE YEAR IT WOULD suit Joscelin Yeo just fine if there was no such thing as a Sportswoman of the Year award. Despite the superstar status heaped on her after her nine-gold showing at last year’s Sea Games, this 14-year-old
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  • MALAYSIA
    • 426 10 KUALA LUMPUR The Malaysian government will review the ban on the screening of in-house videos in hotels and may allow them to apply for a licence, according to Culture, Arts and Tourism Minister Datuk Sabbaruddin Chik “It was discussed by
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    • 416 10 NST. KUALA LUMPUR A music teacher, accused of murdering and chopping a showgirl into II pieces, has pleaded guilty to an amended charge of culpable homicide not amounting to murder On Monday, Gan Wei Seng admitted stabbing Ms Lily Chua Yue
      NST.  -  416 words
    • 197 10 KUALA LUMPUR Singapore tourist arrivals to Malaysia in January dropped sharply by 15.6 per cent compared to the corresponding period last year, according to Culture, Arts and Tourism Minister Datuk Sabbaruddin Chik. The Star last Saturday quoted him as saying that the number
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    • 426 10 NST, Bernama. LANGKAWI Malaysia wants to prove that an Islamic nation can progress and develop like any other developed nation, Prime Minister Datuk Seri Dr Mahathir Mohamad has said He said on Thursday night that Malaysia aspired to be a model Islamic
      NST,; Bernama.  -  426 words
    • 333 10 NST. IPOH Former Deputy Speaker of the House, D. P. Vijandran, told a court here that his nephew, S. Ravindran, “spliced and superimposed video images of him on a pornographic tape” following a heated quarrel between them. Vijandran, who is charged
      NST.  -  333 words
    • 246 10 Bernama. MELBOURNE A total of 470 highly skilled Malaysians settled permanently in Australia last year, according to the Bureau of Immigration and Population Research. They comprised professionals, managers and ad- ministrators, said the bureau. It said that more highly skilled people
      Bernama.  -  246 words

  • ASEAN
    • 491 11  -  Armed forces chief defends recent police shootings of criminals who resisted arrest By Paul Jacob Jakarta Correspondent JAKARTA Armed forces chief General Feisal Tanjung on Wednesday defended recent police shootings of criminals who resisted arrest or attempted to flee. He dismissed the notion that this
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    • 419 11  -  By By Sinfah Tunsarawuth BANGKOK The first shipment of Thai rice to Japan has been found with dead mice, a Japanese communist politician claimed yesterday, but major Thai rice exporters contacted by The Straits Times denied the allegations. The claims, which
      Reuter picture.  -  419 words
    • 221 11 UPI. JAKARTA Indonesia is planning to build the world’s first internationally backed equatorial spaceport or satellite launching centre, it was reported on Monday. Minister of Tourism, Posts and Telecommunications Joop Ave told local journalists that Indonesia and France were exploring the possibility of constructing a
      UPI.  -  221 words
    • 181 11 ALARMED with the increase in unresolved rape cases, the Philippine House Committee on Women had approved a Bill that would minimise the trauma of victims and encourage them to report rape to police, The Manila Chronicle reported on Monday. The Bill requires that rape cases
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    • 319 11 AFP. AP. MANILA Asean would proceed cautiously and wait for a consensus before deciding to accept Vietnam as a member, Singapore Foreign Minister S. Jayakumar said here last Saturday. Mr Jayakumar, who arrived here last Friday for a
      AFP.; AP.  -  319 words

  • COMMENT/ Pick of the week’s editorials
    • 652 12 MARCH 5. 1994 PREDICTABLY, the United States has reintroduced the Super 301 trade law which will enable it to punish those trading partners that it claims obstruct unfairly the sale of US products in their markets. The decision, announced on Thursday by Trade Representative Mickey Kantor,
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    • 642 12 MARCH 1, 1994 DR OW Chin Hock, the MP for Leng Kee, worries that the waivers, rebates and other perks given during times of high economic growth might become so much ingrained in Singaporeans expectations that they might not be able to accept less when
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    • 622 12 FEBRUARY 28. 1994 IN A way, the Second Asia-Pacific Defence Conference provided a curtain-raiser for the Asean Regional Forum’s inaugural session in Bangkok in July. Even if the focus was not always identical, the concerns addressed overlapped to some extent. But the very vastness of the
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    • 874 12  -  Viewpoint By Tan Kim Song AS SINGAPORE'S second economic wing begins to take shape, some economists have expressed concern about a possible “hollowingout" effect, not of production activities but of skilled manpower Will there be enough talent left to man
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  • FOCUS
    • 902 13 Historian Mary Turnbull is writing the story of The Straits Times, which intertwines with the story of Singapore, to mark the grand old paper’s 150th birthday next year. LEE SIEW HUA reports. THE Straits Times has been Singapore's diarist for nearly 150 years. It has written
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    • 1128 13 SHE is a scholar who writes about the sweep of history in South-east Asia. So people sit up when they hear that Professor C. Mary Turnbull has been asked by The Straits Times to put its story into a book Still, the surprise choice
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  • Page 13 Advertisements
    • 85 13 Do you have a story for us? IF YOU have any good stories, documents or personal connections with The Straits Times, please write to: Prof C. Mary Turnbull c/o Ms Lye Choy Lean, Secretariat/Legal Division Singapore Press Holdings, News Centre, 82, Genting Lane Singapore 1334. Professor Turnbull would like your
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  • INSIGHT A LOOK AT THE ISSUES OF THE DAY BY THE STRAITS TIMES POLITICAL DESK
    • 2673 14 Are young Singaporean professionals too impatient for the good life? ZURAIDAH IBRAHIM polled 65 aspiring yuppies for what they expected of career, car and condo. TWENTYSOMETHING corporate banking officer John Francis had a bit of a rude awakening when he started work two years
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    • OFF-THERECORD
      • 101 15 LURED by booming economic opportunities, two more academics are heading for the private sector. Dr Sharon Siddique, developmental sociologist, and economist Sree Kumar, both from the Institute of Southeast Asian Studies, will leave Iseas next month. They are teaming up to form a consulting firm on
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      • 150 15 BG LEE Hsien Loong was a hit with the boys last Tuesday. Top CEOs of international companies at the Asian Aerospace exhibition almost got physical with him, jostling and shoving each other in their bid to get him to view their stalls. The losers, such as those
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      • 99 15 THE names of Singapore’s two new envoys to Brunei and Egypt were announced just last Friday. Our Little Bird has wind of one more Mr Bilahari Kausikan is due to go to Russia as Ambassador. When he does so. he would be following in his father’s
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      • 195 15 The Consumers' Association of Singapore released its weekly survey of prices of household goods last Friday. But for several years now, one group of residents here have had their own price watch the expatriates. It is compiled by the Singapore International Chamber of Commerce and takes up
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    • 847 15  -  THINKING ALOUD Han Fook Kwang WHICH group of Singaporeans has the most to celebrate whenever the price of Certificates of Entitlement goes up? No, the answer is not the Government, although the cynical might think so, not unless it enjoys being berated constantly
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    • 522 15  -  COMMUNITY: WATCH M Chiang Yin Pheng COME May, some children from a Chinese clan’s drama class will strut their stuff on stage in Beijing. Performing Singaporewritten plays and songs, these members of the Singapore Hokkien Huay Kuan’s drama troupe are aged 10
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  • MONEY
    • 6819 16 INDUSTRIAL AND COMMERCIAL Trantactlon Date: March 4. 1994 1993/M Curr Last Vol Day Or'* Nat M Cap High Low Company Traded Sala +or- 'OOO High Low Div P/C Smil 1440 260 t Aetna 1120 St 12.5 48 5 772 0 760 220 t s Ale* Hldgs 50c
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    • 321 17 THE Singapore stock market ended the week on a positive note after sliding more than 180 points during a six-day down period extended from the previous week. Market blues since the nonbusiness Budget announced on Feb 23, clouded trading throughout the whole of
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    • 107 17 ST Industrials Index The Straits Times Industrials Wes M 108.76 points on the week to 2248.63. DAY CLOSE TURNOVER Monday 2342 72 (—l4 67) 237 31m ($661 513 m) Tuesday 2313 68 (-2904) 249.27 m (J 673 148 m) Wednesday *****9 (—29 19) 236.31 m ($655 054
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    • 339 18 PARTLY because of yearend bonuses, investible CPF funds have risen by $7OO million, bringing total available funds under the Basic and Enhanced investment schemes at end-January 1994 to $18.2 billion, from $17.5 billion at end-Decem-ber 1993 This rise came after $272
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    • 3315 18 CORPORATE RESULTS Net Farit EPS Date IN n IN 1 A (umpan» ann ($m) ($m) lets) lets) \cma Sep 10 1 Id 5J7 6006 28 3 d 7 AISH* Oct 2# 1* 2 095 0 3 34 2 IM 0 3 Alliance Tech Sep '0 1
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    • COMPANY RESULTS
      • 393 18 THE buoyant stock market and fatter interest margins boosted Keppel Bank's ra bottom-line profits 3 per cent to $42 million for the year ended Dec 31 last year. The group, listed in June last year, achieved record group profits before extraordinary items
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      • 338 18 SHOWING all the benefits of being a diversified conglomerate, Keppel Corporation turned in higher earnings of over $lBB million (or 1993, in contrast to poorer results from major rivals Jurong and Sembawang shipyards. Better operating profits and bigger contributions from associate companies also
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    • 507 19  -  By Douglas Wong SINGAPORE’S economy is expected to grow by 7.3 to 8.5 per cent this year, according to a team of economists from the National University of Singapore (NUS). They said last Friday that this is
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    • 546 19 Friday March 4 HK* Allied Ind Inl'l 0 88 0 02 Allied Oversea 1 15 0 05 Amoy Properties 11 00 unch Asia Sec Int 2 15 -0 02 Bank of EA 3200 unch C P Pokphand 2 80 0 10 COL Hotel 3 48 unch Cale De Coral
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    • 263 19 Manager’s price» lor Mar 5 7 Singapore Unit Trust The Commerce 1.76—1.85 The Savings Fund 1.61—169 S pore Prog Fund 0.75—0.79 S'pore Sec Fund 1.11—117 S pore Invest Fund 1.28—1.34 S'pore Equity Fund 0.89—093 Credit Lyonnais Int’l Asset Mgt CL Asia-Pac Gr Fund 2.98—314** Cl S'pore Gr Fund
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    • 299 19 STANDARD Chartered Singapore has appointed a Singaporean and a woman for the first time to head its local operations here. Its new chief executive officer (CEO), Mrs Theresa Foo, has taken over from Feb 1. She succeeds Mr Christopher Harrison, who has been posted to
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    • 342 19 MANY local electronic manufacturers are resorting to using oneoff monetary gifts to attract staff in the current tight labour market. A check showed that some pay their existing workers between $BO and $2OO tor bringing in friends through what is called a "recommend-a-friend" scheme.
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    • 147 19 COUNTER RATES Singapore dollars to ons unit of foreign currency Buying 00 Mb* US dollar I 5699 l 5876 Sterling pound 2.3281 2.3809 Australian dollar I 0975 ***** Canadian dollar 1.1517 1.1783 NZ dollar 0.8850 0.9152 EC unit 1.8018 Singapore dollar* to 100 of foreign currency unit* Austrian schilling
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    • 104 19 Contract data: 4/3/M CURRENCY 1 MTH 3 MTH 6MTH 9 MTH 12 MTH CALL VALUE DATE USJ 24 34 34 34 34 24 8/3/94 AJ 34 3% 4 4 4 3 8/3/94 NZ$ m 44 44 44 4 34 8/3/94 STG 44 44 44 44 44 34
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    • 517 20 THE $34-billion expansion of Singapore’s petrochemical complex which will double the current output of the world-scale complex when ready in 1997 will be led by the Shell Group Shell is understood to be investing the lion’s share of about $2 billion in
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    • 515 20 SINGAPORE investors have poured about As6oo million (Ss6B4 million) into the purchase of Australian hotels since the start of last year, and more acquisitions are set to be announced shortly. The latest in a string of deals is Monday’s announcement by Straits
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    • 183 20 MR CHUA Kim Yeow has relinquished his position as the chairman of the Securities Industry Council (SIC). A Gazette last Friday said Mr Tan Boen Eng, a senior tax consultant with the Inland Revenue Authority of Singapore, has been appointed the new chairman of
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    • 250 20 TEMASEK Polytechnic’s School of Engineering received a major boost last Friday with the signing of a Memorandum of Understanding with Beijing’s Tsinghua University and Mentor Graphics Associates (MGA) on the design and production of integrated circuit (IC) wafers. Under the arrangement,
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  • Page 21 Advertisements
    • 827 21 The Straits Times Weekly Edition WmmM Wm 11 ttWSS D r\ff y-.o W f w r MULTIMEDIA SOFTWARE ENOimiRS Cp 1 has successfully published the first interactive animated CD-ROM called Willy Wabbit His Magical Books on both Mac and PC formats in this region and is actively marketing this multimedia
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  • Page 22 Advertisements
    • 744 22 semaSUgroup Sema Group Asia Pacific is a wholly owned subsidiary of Sema Group pic which is one of the largest, dynamic and fast expanding computer and engineering group of companies with offices throughout Europe and in the Asia Pacific. Sema Group employs over 8,000 skilled professional worldwide. Our rapid expansion
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  • FORUM
    • 240 23 THE Singapore Retailers’ Association (SRA) should go ahead and conduct a survey on its own to assess the impact of the whole-day Area Licensing Scheme (ALS) on business in the Central Business District and the losses suffered by businessmen as a result.
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    • 275 23 DR LIM Boon Hee criticise» the Government for "taming down SRA's request for dialogue” (above). The Government has not received any request for a dialogue from the Singapore Retailers' Association (SRA), much less turned It down. The Department of Statistics' (DOS) monthly survey
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    • 355 23 THE letter by Ms Aminah Busu “Inconsiderate neighbours ruin common areas of HDB blocks’’ (ST, Feb 14) has addressed a very important social problem. It was a poignant lament from Ms Aminah and a sad commentary on the standard of social behaviour.
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    • 142 23 THE incident relating to the loss of 259 Literature examination scripts by the University of Cambridge Local Examinations Syndicate must be viewed in its larger perspective. The issue that arises is whether there is still a need to collaborate with Cambridge over the
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  • Page 23 Advertisements
    • 123 23 Dear Readers, THE Straits Times welcomes letters from you. Your letters must include your signature, full name, address and home and office telephone numbers. We do not accept for publication letters from writers who decline to give their names. This rule will be waived only in very exceptional circumstances, such
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    • 144 23 HOME* DEUVERED WEEKLY The Straits Times Weekly Edition. A crisp summary of happenings in Singapore. Politics, the economy, investment opportunities, appointments... And snippets on Malaysia and Asean. A convenient tabloid delivered to you every week, whereever you may be. Subscribe now. And be in touch. The StraitsHmes Making an issue
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  • 551 24  -  By Sunny Goh TIANJIN The potential for economic cooperation between China and Singapore is considerable because the needs of the two countries are complementary, Senior Minister Lee Kuan Yew has said Singapore has to export its capital, know-how and management
    Picture by FRANCIS ONG.  -  551 words
  • 570 24  -  US youth appealing against sentence, now out on $75,000 bail By Elena Chong AMERICAN teenager Michael Peter Fay was on Thursday sentenced to four months’ jail and six strokes of the cane and a $3,500 fine for vandalism, mischief and keeping stolen items. His
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  • 167 24  -  SUNNY GOH. BEIJING Prime Minister Goh Chok Tong on Sunday said his presence at the signing of the Suzhou industrial township agreement indicated the importance the Singapore Government accorded to the project. "It is an important agreement so I think I should come personally
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