The Straits Times : Weekly Overseas Edition, 2 April 1994

Total Pages: 24
1 24 The Straits Times : Weekly Overseas Edition
  • 20 1 The Straits Times WEEKLY EDITION SATURDAY, APRIL 2, 1994 Price: 551.20 (in Singapore) Elsewhere by subscription only MITA (P) 002/08/93
    20 words
  • 770 1  -  Bus, train fare hikes will be minimal to offset GST; taxi rate revision to cover higher costs By Leong Chan Teik TAXI, bus and MRT fares will go up from June 1. increases for bus and MRT fares, which arise from
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  • 721 1  -  His acts were relentless and wilful, says CJ By Elena Chong THE High Court on Thursday dismissed American student Michael Peter Fay's appeal against sentence of four months’ jail and six strokes of the cane for vandalising two cars. Chief Justice Yong Pung How, who
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  • 195 1 THOUSANDS of devotees turned up at the Kong Meng San Phor Kark See Temple in Bright Hill Drive on Sunday for the opening ceremony of the Ten Thousand Buddha Pagoda. They braved the rain to line the" pathways and corridors of the temple for the prayers
    Pictures by STEVEN LEE.  -  195 words
  • 94 1 THE long-running trial of five men accused of breaching the Official Secrets Act ended on Thursday when all were found guilty of all the charges against them. Judge Richard Magnus imposed fines of between $1,599 and $2,000 for each of the
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  • NEWS FOCUS
    • 345 2 LOW-income households can apply to the Citizens' Consultative Committees in their constituencies for grants to offset the impact of the Goods and Services Tax from yesterday Those with a monthly income of less than $1,500 are eligible for grants up to
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    • 626 2  -  PM to ask Govt departments to consider merchants’ ideas By By Chiang Yin Pheng THE Federation of Merchants’ Associations (FMA) has announced a four-stage plan to take Housing Board retail shops into the year 2000 To make it a reality, it is asking for
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    • 404 2 THE Traffic Police are going to come down hard on errant motorists because of a rising disregard for the rules of the road. Police said that this seeming lack of concern could be seen in the growing number of people caught
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    • 670 2 GST Day went by with typical Singaporean efficiency and pragmatism, with retailers poised to collect the tax and shoppers giving high-value items a deliberate miss. Whether at Ang Mo Kio, Jurong East, Clementi, Holland Village. Bishan or Orchard Road, retailers
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    • 507 3  -  Waterfront and high-rise condos in plans for Bedok and River Valley By Ann Williams CREATING more “prime districts 9 and 10” here is an important aim of the Government's Development Guide Plans (DGPs) for Singapore. with the latest for Bedok
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    • 472 3 ONE SUSPECT ESCAPES, ANOTHER DETAINED ONE moneychanger was run down by robbers in a car. while another had chilli powder thrown in his face in separate hold-ups on Monday. However, the culprits failed to escape with cash as both victims were
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    • 560 3 MORE Singapore wives are not only going out to work but are also bringing home more money, contributing to higher living standards for their families. A report issued on Wednesday by the Department of Statistics said that the number of dual-career couples has almost
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    • 397 3 THE new Safti Military Institute in Jurong moved a step closer to final completion last Friday when cement was poured into a small square hole on the top floor of one of its buildings This topping out, by Deputy Prime Minister.
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  • HOME
    • 827 4 Official Secrets Act trial: Verdict and sentences SENIOR District Judge Richard Magnus on Thursday found all five men accused of breaching the Official Secrets Act guilty on each of the 11 charges against them. He imposed the maximum fine of $2,000 for each
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    • 205 4 THARMAN Shanmugaratnam, 36, director of the MAS economics department: Guilty: One charge of endangering the secrecy of the flash estimate. Fined $1,500. MANI Khaskaran, 36, Crosby Securities* economic research director: Guilty: Three charges, of receiving the data from Shanmugaratnam, and communicating it to Foo and James. Fined $2,000
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    • 539 4 THE prosecution was not asking for a jail sentence on the five men convicted of breaching the Official Secrets Act as the circumstances of the case did not warrant it. the AttorneyGeneral said on Thursday. Mr Chan Sek Keong said that
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    • 658 5  -  Flat sellers made to sign over power of attorney to agents in return for quick loans By Ann Williams SOME housing agents have been fleecing owners of Housing Board resale flats by getting them to sign over power of attorney for the sale of their properties
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    • 294 5 HUMAN CENTIPEDE RECORD BUT IT MAY NOT MAKE IT INTO GUINNESS BOOK MOKE than 1,500 people, with ankles tied, formed a human chain about 425 metres long in Bishan Park on Thursday to break a Guinness record. They had a record number of 1,509 people for the human centipede but
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    • 417 5 SINGAPORE has won a bid to host the world’s largest convention, with over 25.000 delegates, which is expected to inject at least $l3O million into the country. It pipped Hongkong, its keenest rival, and several other cities to clinch the four-day Rotary
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    • 453 5 A GROUP of 49 mathematics teachers went back to the classroom last Saturday to learn counting on an ancient calculator. They will be teaching some Primary Three pupils how to use the abacus. The pilot project was introduced by the Education Ministry earlier this
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    • 306 5  -  By David Chew of The Straits Times Foreign Desk THE Palestine Liberation Organisation is seeking Singapore’s help in rebuilding Palestine’s war-torn economy whose infrastructure had been destroyed completely, a senior PLO official said. Mr Farouk Kaddoumi, head of the PLO Political Department,
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    • 425 6 SINGAPORE can develop into a centre for international legal services because of the growing regional demand for them, Chief Jus tiee Yong Pung How said last Saturday He spoke about this "new and attractive" prospect when he welcomed 182 new
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    • STPB’s first Tourism Entrepreneur of the Year award
    • 317 6 A NIGERIAN and a Ghana-1 ian were last Friday sen-’ fenced to death in separate] High Court trials after they were found guilty of importing heroin into Singapore last year. In both cases, the judges rejected their defences that they were carrying things
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    • 386 8 Asean hook publishers’ conference highlights trend ROMANCE with a Singapore flavour is in the air book publishers hero are bringing out more of such novels and short stories. Whether it is love blossoming in an HDB estate or lovers meeting on Sentosa island,
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    • 522 8 POTONG Pasir Town Council has been losing senior staff and other workers since the beginning of this year. The town council’s chair man and MP for the ward. Mr Chiam See Tong, confirmed last Friday that five staff members had resigned in March
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    • 405 8 HIGHLAND TOWERS COLLAPSE IT IS more than three months since the Kuala Lumpur Highland Towers condominiums collapsed but the Singapore Civil Defence Force members who took part in the rescue still have fresh memories of the tragedy. The 29 SCDF officers who received
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    • 426 8 SINGAPORE Airlines has added more non-smoking flights to its services. Since Sunday, all its flights to China and to New Zealand have become non-smoking. SIA has 16 weekly flights to three Chinese destinations, Guangzhou. Beijing and Shanghai, and six weekly
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  • Page 7 Advertisements
    • 186 7 NEWS Our Cover Price remains unchanged even after is introduced. \n' u ss*. D„ a fumpuan H n tuk 0% -r m m sr <2? -T 2>" N> /T- t^s w -I/ .■.w Y f •j. s 7 V\" v v\\ S\\ -*V V\> Hi >9 d*> U> Businesslimes s
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  • SPORTSFRONT
    • 483 9  -  ‘Personal reasons’ cited, Douglas Moore to take over as Lions-tamer The Ken Worden resignation: Reports by Tay Cheng Khoon, Joe Dorai and Thomas Koh WAS Ken Worden pushed out of his national soccer coach job because of his inability to get on with the players? Or
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    • 438 9 That’s all that matters, says new national coach Moore WHEN Douglas Moore gave Timesports his first press interview after being appointed the Football Association of Singapore’s technical director this January, he confessed candidly: “If a coach tells you that he is not interested in taking charge
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    • 426 9 The FAS annual meeting IBRAHIM OTHMAN has been appointed president of the Football Association of Singapore by the acting Minister for Community Development, Abdullah Tarmugi. His three-year tejp started yesterday. Ibrahim, a 44-year-old Member of Parliament for Thomson GRC and a
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    • 503 9  -  ATHLETICS: By Peter Khoo LOCAL athletics supremo Loh Lin Kok was re-elected last Friday but not after having to throw out an unusual vote of no-confidence called against him. Lin Kok had been seeking his seventh two-year term as president of the
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  • MALAYSIA
    • 415 10  -  By entirety. By Kalimullah llassan. KUALA LUMPUR The Malaysian Cabinet on Wednesday lifted its ban on the Oscar-winning movie. Schindler's List, but it may still not be screened in Malaysia
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    • 115 10  -  By Ismail Kassim. KUALA LUMPUR Tengku Zahariah Sultan Salahuddin. whose shortlived marriage to Selangor Mentri Besar Tan Sri Muhammad Muhammad Taib made her a household name several years ago. has decided to be active in politics. Better known as Ku Yah. the petite Princess, 44,
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    • 337 10 KUALA LUMPUR Malaysia could purchase its first submarines under the Seventh Malaysia Plan which starts in 1996, Defence Minister Datuk Seri Najib Tun Razak has said He told the Far Eastern Economic Review, in its latest issue, that Malaysia
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    • 449 10 NST KUALA LUMPUR Indonesia will set up centres soon to train its citizens seeking employment in Malaysia to ensure only skilled workers are sent to this country, according to visiting Indonesian Manpower Minister Mr Abdul Latief He said on Tuesday that
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    • 411 10 KOTA KINABALU Datuk Dr Jeffrey Kitingan has beer, removed as Sabah Foundation director and all the state agency’s business dealings including its timber trading have been frozen temporarily Chief Minister Tan Sri Sakaran Dandai. who announced this on Thursday, said that the decision was
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    • 402 10 A 10-YEAR-OLD girl, separated for eight years, has been reunited with her father and siblings in a touching tale of sadness and misery. Tee Yet Mei came home to her father, lorry driver Tee Hing Ka, last Saturday evening. Homecoming filled
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  • ASEAN
    • 397 11  -  G-15 to counter influences transmitted through West’s media and satellites By Paul Jacob Jakarta Correspondent JAKARTA President Suharto, in broad comments on the threats and challenges facing the developing world, has urged governments to guard against “infiltration" of alien values and efforts to impose conditions that
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    • 231 11 AFP, Reutei JAKARTA Indonesia’s state Budget for the fiscal year 1993-94, ending March 31, recorded a deficit of 1.8 trillion rupiah (Ssl.3 billion), the first time in 27 years the country has recorded a deficit. Finance Minister Mar'ie Mohammad told Parliament last
      AFP,; Reutei  -  231 words
    • 181 11 BANGKOK Thailand’s revered monk Phra Yantra Ammarobhikkn, facing allegations of illicit sexual liaisons, had been displaying erratic behaviour in recent days, The Nation newspaper reported. On Monday, a visibly tense Phra Yantra reportedly emerged after an hour-long meeting with the head abbot of the
      The Nation picture.  -  181 words
    • 447 11 JAKARTA President Suharto told Indonesia’s ruling Golkar Party not to take its successive victories at five previous general polls for granted and said it must work at maintaining the trust and confidence of Indonesians in the years ahead In a speech
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    • 104 11 AFP. MANILA A consortium involving (iKN Ltd of Britain on Sunday signed a lease with a Philippine government agency to assemble armoured personnel carriers here. President Fidel Kamos witnessed the contract signing with Asian Armour Technologies Corp (AATC) to lease Subic Bay Metropolitan
      AFP.  -  104 words
    • 302 11 AFP. MANILA A growing number of foreigners, mostly from Taiwan. China and Hongkong, have chosen to retire in the Philippines and many are young surprisingly. The Philippine Retirement Authority (PRA) said the majority are between 45 and 55 years old and newcomers might
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  • COMMENT / Pick of the week’s editorials
    • 735 12 APRIL 2. 1994 WITH the Goods and Services Tax having taken effect yesterday, it was a natural progression that public transport operators would expect to be reimbursed for what revenue shortfall could result from the 3 per cent government take. For the two bus companies.
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    • 651 12 MARCH 29, !994 WHEN Prime Minister Goh Chok Tong went to Chong Pang last weekend, he was met by more than the usual welcoming delegation. The Federation of Merchants’ Associations (FMA) asked him for financial and legislative help to make Housing Board retail shops attractive and
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    • 661 12 MARCH 28, 1994 AS Mr Steven Spielberg, the film director, basks in the honour showered upon him for his artistic achievements in producing Schindler's List, censorship authorities in a number of countries, especially those without a proper film classification system, are grappling with the difficult question
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    • 883 12  -  Viewpoint By Cherian George THE family, it is often said, is an institution worth defending. But what oi 1 whom does the Singapore family need to be defended against? One popular school of thought sees the enemy as liberal
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  • FOCUS
    • 925 13 RUSSELL HENG ex,-imines the issue of the Singapore artist as a possible security threat A CONFERENCE in Bali last December, which gathered some of the major universities and think-tanks of the world, as well as Southeast Asia, could not agree on a definition of
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    • 660 13  -  By Leong Wong Kam SINGAPORE artists are becoming more popular with collectors, with their works fetching record prices, judging from the results of two art auctions hold last weekend The interest from collectors here and in the region extends to late pioneer artists
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  • INSIGHT
    • 1292 14 The recent Budget debate in Parliament pitted ministers against PAP backbenchers and opposition MPs. CHUA MUI HOONG reports on who gave them the harder time THE PAP backbench is not known for putting the heat on its colleagues on the frontbench, and taking them to
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    • 609 14 SOME MPs popped up and down of their seats asking a range of questions. Others did not speak at all. NMP KAN W ALJIT SOI.N topped the list of active MPs with 14 questions on ministries such as law, education, finance, health and labour. Among the 45
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    • OFF-THERECORD
      • 125 15 BALDWIN Boyle Shand, the public relations consultants engaged by the Government to help with the Goods and Services Tax launch, has another, rather curious, distinction. The New Zealand-based firm has probably the highest concentration of former political minders anywhere in Singapore. In its small
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      • 123 15 EIGHTEEN questions for written answer were filed for the Parliament sitting of March 21 during the Budget debate all by the indefatigable Nominated MP Kanwaljit Soin. Her queries ranged in subject from Edusave to battered wives to tax treaty negotiations to
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      • 85 15 WITH the Official Secrets Act case going on. civil servants are very careful about letting slip what might be classified information. So last week, when Minister of State for Education Her Sin Tze distributed a table in Parliament on the progress made on
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      • 183 15 THE Eurasian Association looks set to enter another do Souza-Olsen race for leadership The list of nominees prepared after nominations for office bearers and committee members closed in mid-March has incumbent Timothy James de Souza renewing his rivalry with challenger and former association president Victor Olsen. This will
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      • 95 15 SOUVENIRS handed out during commemoration and other events are going high-tech. At the Chinese High School’s 75th anniversary cum opening of its enhanced campus facilities last week, guests were given a pair of computer diskettes to take home Put these into your IBM or compatible machine
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    • 1003 15  -  THINKING! ALOUD Han Fook Kwang ANYONE with any doubts about whether the poor have a voice in Parliament should have been at the recent Budget debate. During the eight long days I was there. MPs had an endless stream of requests for
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    • 584 15  -  POWER WATCH Chung Tsung Mien SO IS businessman Hashim Abdul Rahman still the leader of the Singapore Malay National Organisation 9 Mi’ Hashim believes so and wants to call an extraordinary general meeting on May 1 to allow' PKMS members to give
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  • MONEY
    • 7010 16 INDUSTRIAL AND COMMERCIAL Transaction Date: March 31.1994 1993/94 Curr Last Vol Day Gr-s Net M Cap High Low Company Traded Sale -for'000 High Low Div P/E Smil 1440 260 l s Acma 910 cd -20 128 925 900 17 5 14 5 627 2 760 220 1
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    • 319 17 THE Singapore market took a humpy ride this week as it went up and down, keeping investors on tenterhooks. Share prices took a tumble on Monday following the Dow Jones’s fall the last Friday by 46.36 points to 3,774.73. The market however, rallied during
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    • 99 17 ST Industrials Index The Straits Times Industrials Inde* fell 2 52 points on the week to 2080.90. V DAY CLOSE TURNOVER Monday 2059 93 23 49) *****m (J260 092m) Tuesday 2093 72 -1-33 79) 100 38m ($254 344m) Wednesday 2128 39 (-*-34 67) 146 20m (J390 671m)
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    • 350 18  -  By Sumiko Tan YANGON Singapore companies on Monday further consolidated their position, as hotel developers in Myanmar with the signing of agreements for the development of three more hotels. The Keppel Group's Straits Steamship Land (SSL) signed a memorandum of
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    • 3122 18 CORPORA TE REST L IS Net E arn FIN Dale IS 1 1 IV 1 V nmpam *nn (Sm) <Sm) (elsl lets) \HK Mhlgs Mar 11 1 1 40’ 2.HM u J 0 Verna Mar 1 P 41 '44 14 268 62 6 21 l \poilo
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    • 438 18 THE National University of Singapore and the National Computer Board plan to work on a system that will allow video signals to be distributed through an organisation's computer network. This will allow users to watch movies on their personal
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    • 234 18 Reuter. SINGAPORE Airlines Ltd (SIA) is seeking to place firm orders for 26 wide-body airliners and to secure options on another 26, an SIA spokesman said, in response to a report in London’s Financial Times newspaper. He said a new invitation had been
      Reuter.  -  234 words
    • COMPANIES’ RESULTS
      • 409 19 OCBC Bank has once again surpassed analysts' expectations with a record after-tax profit of $434.3 million, a 47-per cent growth for the year ended Dor 31. 1993 Nearly a third of the profits totalling $275.18 million came from the hank's operations. To commemorate its performance,
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      • 445 19 UNITED Overseas Bank blazed past the finishing line last year with a sterling 51.8-per cent growth in bottom-line profits to $456.6 million, a whisker away from DBS Bank’s earnings of $467 9 million. And to reward its shareholders, UOB is offering a l-for-10
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      • 449 19 CITY Development has turned in better-than-expected results for its 1993 financial year, with group after-tax earnings rising 56 5 per cent to $114.8 million on a 48.5-per cent increase in turnover to $506 3 million It also announced plans to raise
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      • 141 19 STOCKBROKING firm. G.K Goh Holdings, has turned in a sparkling 654-per cent rise in interim net profit to $43.5 million for the six months ended Dec 31. The group has forecast second half profit to exceed levels achieved in the
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      • 282 19 SINGAPORE Technologies Industrial Corporation (Stic) saw its net earnings rise an impressive 51.1 per cent to $27.06 million last year on the baek of improved margins and profits accruing from infrastruelure projects. Its bottom-line profit rose by an even heftier 79.4
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    • 567 19 Thursday March 31 HK$ ASM Pacific 4700 0 100 Allied Ind Int'l 083 unch Allied Oversea 0.99 -002 Amoy Properties 10 60 040 Asia Sec Int 195 0 03 Bank of EA 32 75 -0 75 C P Pokphand 2.25 -0.10 CDL Hotel 2 77 0 02 Cafe De
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    • 335 19 Manager's prices for Apr 2 4 Singapore Unit Trust I he Commerce 161 169 The Savings Fund 146 1 53«d S pore Prog Fund 0 68 0 71 S pore Sec Fund 0 99 1 04 S pore Invest Fund 1 16 1 22 S pore Equity Fund
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    • 171 19 COUNTER RATES Singapore dollars to one unit of foreign currency Buying 00 Stlteig US dollar I 5568 1.5745 Sterling pound 2.2879 2.3410 Australian dollar l 0787 1.1106 Canadian dollar 1.1209 1 1467 NZ dollar 0 8641 0 8937 EC unit 1 8185 Singapore dollars to 100 units of foreign
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    • 117 19 Contract data: 31/3/94 CURRENCY 1 MIH 3 MTH 6MTH 9 MTH 12 MTH CAU VALUE DATE US$ 3 3' 3% 3«.* 3''» 2- 1 6/4/94 A$ 3 h 4 4»» 4 1 4 4 3'« 6/4/94 NZJ 5"'. 5*.« b 4' 4*4 4'» 6/4/94 STG 4 1
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    • 467 20  -  By Ann Williams THE total potential supply of new privately-built hollies rose by a whopping 17 per cent to 69,000 units in the final quarter of last year, according to latest URA figures. They include homes presently under construction, and
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    • 554 20 Cost and control are the reasons, says hoard Shares investment THE CPF Board is sticking with its eight agent banks for cost and control considerations This was indicated in a letter to The Straits Times last Thursday. The CPF was responding to
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    • 220 20  -  and Tokyo. By Mary Hwang. HONGKONG Singapore Press Holdings’ "XO Beer Campaign" beat more than 1,000 entries to clinch the most-coveted award the “Best of the Best" prize in the Bth annual Asian Advertising Awards (AAA) here last Thursday. The SPH entry also captured
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    • 502 20 Hotels to enjoy higher room rates and occupancy SHA SINGAPORE hotels will enjoy higher average room rates and occupancy this year, according to the Singapore Hotel Association (SHA). Its chief executive officer, Mr Pakir Singh, said on Monday that this year he expects the average room rates to range from
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    • 181 20 AFP, Reuter. HONGKONG-BASED Omni Hotels Asia-Pacific plans to use Singapore as the hub for its expansion in South-east Asia, a top hotel official said on Monday. Speaking to newsmen, its vicepresident, Mr Jeffrey Flowers, said that the group plans to set up
      – AFP,; Reuter.  -  181 words





  • Page 21 Advertisements
    • 1120 21 m I lie Straits Times W eekl\ Edition Jp u m «<£> MASS RAPID TRANSIT CORPORATION MRTC is the builder, owner and regulator of the MRT System. The construction of the Woodlands extension is already under way and as we enter the next decade, looking towards tomorrow promises to be
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  • Page 22 Advertisements
    • 895 22 Dedicated To Making A Difference Imilhik a V 3 > ,4 S' > m a The National Computer Hoard U the premier IT institution in Singapore. It is involved in something that few other nations huve embarked on spearheading an ambitious effort to turn the nation into a fully-networked Intelligent
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  • FORUM
    • 529 23 The Exchange recognises that there is much more to be done to promote the trading of foreign securities. Consideration will be given to practical proposals to encourage established foreign companies to have their stocks listed or quoted on the Exchange. I REFER to the
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    • 355 23 THE corporatisation of SBC is an area that should be considered very carefully. It looks like the main reason for corporatising SBC is to make it more efficient and thus able to compete better. However corporatisation will mean that in future, SBC’s
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    • 131 23 MY HUSBAND and 1 saw Schindler’s List with our 14-year-old son while we were in the United States In December. He found it very educational and informative. I agree that older children should be permitted to watch this movie. Unfortunately, it is R(A)
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    • 239 23 I REFER to various reports in The Straits Times on the film “Schindler’s List” from steep cinema ticket prices to whether Oskar Schindler was a hero and the banning of the film in some countries. I hope that we remember that one of the main
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  • Page 23 Advertisements
    • 147 23 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 Straits Times Making an issue
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  • 459 24  -  By Sumiko Tan YANGON Singapore will up a committee headed by Trade and Industry Minister Yeo Cheow Tong to look into economic cooperation with Myanmar It will work with a similar grouping already established by the Myanmar gov ernment The Myanmar committee is
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  • 603 24  -  By Sumiko Tan. YANGON The leadership in Myanmar is aware that it must take steps to improve the country’s political situation. but it will do so at its own pace This was Prime Minister Goh Chok Tong’s assessment of Myanmar
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  • 222 24 YANGON Mr Goh Chok Tong said on W ednesday he had no doubts that Myanmar is sineere in liberalising its eeonomy to foreign investors. “It is clear to me that the country wants to open up,” the Prime Minister said at a
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  • 156 24 COMMUNITY Chest ambassador Tham Ah Cheong received his long awaited presidential pat on Thursday. Mr Tham, 32, diagnosed with infantile muscular dystrophy at age four, had said he was nervous about meeting President Ong Teng Cheong at the launch of the Community Chest's Care and
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  • 319 24 Cheat forged his death to escape punishment A CREDIT card cheat who was believed to be dead turned up very much alive in the dock of a district court 19 months after the courts dropped criminal proceedings against him. Alan Tan Ee San, 44. who
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