The Straits Times : Weekly Overseas Edition, 25 June 1994

Total Pages: 24
1 24 The Straits Times : Weekly Overseas Edition
  • 20 1 The Straits Times WEEKLY EDITION SATURDAY, JUNE 25. 1994 Price: 551.20 (in Singapore) Elsewhere by subscription only MITA (P) 002/08/93
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  • 559 1 SINGAPORE Airlines has placed a $15.7 billion order for 52 new aircraft, its biggest ever, to see it into the next century. The order will add 22 Boeing 8747-400 s and 30 Airbus 340-300 E aircraft by the year 2003, SIA
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  • 613 1  -  Govt sets up Family Values Promotion Fund By M. Nirmala THE Government has set up a $1 million fund to help finance projects that further the five core family values. Prime Minister Goh Chok Tong announced this new family fund on Sunday when
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  • 239 1 PRESIDENT Ong Teng Cheong conferred Singapore's highest military award on the Commander-m-Chief of the Indonesian Armed Forces (Abri), General Feisal Tanjung, at the Istana on Tuesday. Gen Feisal was awarded the Darjah Utama Bakti Chermerlang (Tentera) or the Distinguished Service Order (Military) for
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  • NEWS FOCUS
    • 542 2 THE Health Ministry has formed a national ethics committee with members drawn from wide-ranging backgrounds to look into ethical issues in medical practice and research. Led by Dr Chew Chin Hin, a former deputy director of medical services, and comprising
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    • 285 2 POLICE and tax authorities are investigating the conduct of a prominent leader of the Methodist Church here. The church leader is now serving in the Trinity Annual Conference, the umbrella body for the English-speaking Methodist congregations in Singapore, based at the Methodist headquarters in
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    • 502 2 AN 11-YEAR-OLD boy feli three floors from an escalator at Ngee Ann City and died shortly afterwards on Monday barely hours after arriving from India for a holiday here Rahul Babbar was at the shopping-cum-office complex in Orchard Road with his parents and friends
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    • 506 2 LAWYERS have been told not to act as housing agents or brokers, even though the temptation to do so might be great in the buoyant property market. In a recent circular, the Law Society reminded the 2,400-strong Bar that the business of a
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    • 671 3 Revenue losses with about half of tax forms processed already amount to s4o2m THE Government stands to lose more than its earlier estimate of 5570 million in revenue from the income tax breaks that accompany the introduction of the Goods and Services Tax.
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    • 628 3  -  Reports by M. Nirmala AMERICAN vandal Michael Fay, 19, freed from Queenstown Remand Prison on Tuesday, left Singapore for the United States the next day. Coming out of prison at 8.20 am on Tuesday, his only words to the
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    • 776 3 Charges a publicity ploy, says Ministry of Home Affairs MAKING big money through a movie was on Michael Fay’s mind even while he was in jail for damaging 18 cars. According to a statement issued by the Ministry of
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  • HOME
    • 747 4  -  Changes to investment scheme rules By Chan Sue Meng THE Central Provident Fund Board is allowing members for the first time to take out profits on shares bought under the old Approved Investment Scheme (AIS). From next month. CPF members can transfer
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    • 496 4 National Mandarin Speech Contest TWO sisters from India are taking part in this year's National Mandarin Speech Contest. And one of them, Ms Roopa Sarma. 36. won Sunday’s preliminary, the first of eight during the contest India is a new addition to
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    • 470 4  -  Housing, education help to lift them from poverty M. Nirmala MORE than 100 families have received money for housing and their children's education under a new scheme to help poor families. The 119 families will each receive up to $26.400 in housing grants and
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    • 304 4 THE Lee Foundation, one of Singapore’s richest family foundations, has given a piece of prime real estate to the Salvation Army. The welfare organisation has occupied a corner of the plot rent free since the 1950 s The 26.198 sq m property, off
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    • 328 5 SINGAPOREANS lodged 545 complaints to the Consumers Association of Singapore in the last financial year, a 19 per cent increase over the 459 complaints for the year before. One in four, or 25 per cent, complained about defective goods. Another 15 per
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    • 587 5  -  He cheated broking firms after losses By Elena Chong AN AIR Force captain caught the stock market fever last year, lost heavily and ended up issuing dud cheques for sums totalling nearly $1.3 million to two stockbroking firms. Chan Hock
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    • 437 5 OFFICIALS from nine countries are at the Nanyang Technological University (NTU) swapping experiences on running campaigns for everything from farming to Aids awareness and anti-smoking drives. A Zimbabwean. Mr S. R. Madhu, 52, told his fellow participants how two workers from the
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    • 523 6  -  ‘Stay away on Saturday nights as crowds pack the zcx>" By Ginnie Teo OVERWHELMING response has forced the Night Safari to suspend advance ticket sales to groups and appeal to visitors to stay away on Saturday nights. At a press briefing at the
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    • 147 6 A SET of four commemorative stamps will be released on July 1 to mark 25 years of Operationally Ready National Service. The stamps pay tribute to NSmen for their role in the defence of Singapore. The four stamps show the transformation of an
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    • 519 6  -  By Brendan Pereira UNDER the law. retailers do not have to check their stocks to ensure that they do not infringe the copyright law. a district judge said. Giving the grounds of decision for a long-drawn parallel import case. District Judge Jasvender
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    • 450 6 POPULAR teacher S.K. Ratnam. who died on Sunday at the age of 101, was a favourite teacher of the late Minister of State for Education. D: Tay Eng Soon He had taught Dr Tay English and Literature when the latter
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    • 490 7  -  Incident in 1978 at steel mill an isolated one: Ministry Radiation not detected in materials used in buildings By Dominic Nathan AN INCIDENT of radiation contamination at NatSteel in 1978, when contaminated scrap metal was melted at the steel mill, was an isolated one which was
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    • 280 7 DR CHEE Soon Juan avoided bankruptcy yesterday after the lawyers of Dr S. Vasoo and two others were allowed to withdraw their bankruptcy petitions against him. The High Court granted the applications after taking into account the fact that Dr Chee had
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    • 481 7  -  By Tan Ooi Boon THERE has been a scramble for this year's Postgraduate Practice Law Course (PLC), with more than 550 law graduates applying for places in the course which prepares graduates for legal practice. Legal sources say that many are rushing
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    • 359 7 SIXTY young unmarried couples, on “bicycles built for two” along East Coast Park, had an unusual quarry on Sunday. They were looking not for love, but for a married couple. The hunt on bicycles, organised by the Social Development Section for its members, celebrated its
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    • 371 8 THE decline in Chinese visitors has turned drastic, with travel agents reporting decreases of 80 to 90 per cent in such business over last year. A major travel agent. Ik Chin Travel Service, said that it used to handle about 80 groups
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    • 429 8  -  By Allison Lim SOME primary schools now engage specialists, including some from China, to coach their pupils in extra-curric-ular activities (ECA), instead of relying on their teachers to take charge of ECA Apart from those from China, the other instructors are professionals with companies
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    • 291 8  -  By Geraldine Kan EARLY last Friday morning, nine cyclists from Singapore started on a 334-km ride up and down windy, bumpy Malaysian roads, travelling from Singapore to Kuantan to raise money for charity. The all-male team, most of whom are professionals, left
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    • 382 8  -  By Rav Dhaliwal THE Automobile Association of Singapore’s travel agency, which has been losing money, is to close down after 11 years. The association will appoint another travel agency to provide travel services for its members AAS vice-president Gerard Ee said that AA
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    • 306 8  -  By By Derwin Pereira in Pretoria SINGAPORE Airlines (SIA) will add another weekly 747 flight to South Africa from April 1 next year It plans to add two more flights by 1997 to make it a daily service The additional flights
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    • 414 9  -  By Yeo Hwee Yng SALES executive Freenda Lim was strolling along Changi beach one night when a turtle trundled up and laid 20 eggs right in front of her. Miss Lim. 20, a printing sales executive, said: “I just couldn't believe my eyes. You
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    • 474 9  -  By Yvonne Chew THE first Interim Upgrading Programme, for six blocks in Marsiling Drive, has received the residents’ overwhelming support. More than 80 per cent of the residents responded on the first day of voting, and every one said “yes”. This exceeds
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  • SPORTS
    • 461 9  -  SOCCER: By Joe Dorai FIFA referee T. Rajamanickam has been suspended for three months by the Football Association of Singapore for breaking the referees’ code of conduct. Rajamanickam, who became a qualified referee in 1976, was found guilty of making comments to the press
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    • 321 9  -  BOWLING: By Thomas Koh THE Singapore national bowling team will have the advantage of a full-dress rehearsal ahead of the Hiroshima Asian Games in October. The Singapore Tenpin Bowling Congress on Tuesday announced its team for the July 1-11 Asian FIQ Championships in Guam.
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  • MALAYSIA
    • 543 10 NST, AFP. Country ‘on track for another robust year’ KUALA LUMPUR The Malaysian economy grew by a strong annual rate of 8.6 per cent in the first quarter, indicating that the country was on track to recording yet another robust year, Deputy
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    • 314 10 Bernama. LONDON “Mak!". meaning mother, was the first word uttered by four-year-old Nadira Zulkifli after her seven-hour transplant operation at King’s College Hospital here last Saturday It was a moving tribute to the person who made a supreme act of love
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    • 299 10  -  By tions. By Kalimullah Hassan KUALA LUMPUR Former Deputy Prime Minister Tan Sri Musa Hitam has given up his final post in llmno, that of Segamat division head, signalling his exit from active politics after 34 years. Sources said Tan Sri Musa,
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    • 262 10 KUALA LUMPUR Prime Minister Datuk Seri Dr Mahathir Mohamad said on Sunday that Malaysia was still not ready to establish diplomatic ties with Israel although Kuala Lumpur had admitted to contacts with Tel Aviv recently. Speaking to reporters after the Umno Bpedal
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    • 240 10 KUALA LUMPUR Malaysian Prime Minister Datuk Seri Dr Mahathir Mohamad has proposed a “time-sharing” plan to enable Singaporeans to buy cars in Johor and use them (or travel in Malaysia. The aim is to get Singaporeans to own cars
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  • ASEAN
    • 793 11  -  Promotion tour of six US cities by American envoys met with good response On Singapore ‘We have most of the Fortune 600 companies in Singapore. They have been there for some time; they know how to do business from there. Trade and investment
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    • 430 11  -  By Nirmal Ghosh Manila Correspondent MANILA The under-rep-resentation of women in politics and at all levels of decision-making must be corrected, said Singapore Nominated Member of Parliament Dr Kanwaljit Soin on Thursday. She told The Straits Times at a conference here
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    • 425 11  -  By Paul Jacob Jakarta Correspondent JAKARTA The government on Tuesday revoked the licences of three leading weekly magazines, dealing what editors and diplomats said was a severe blow to the climate of political openness that Indonesia had promoted since 1990. The Information Ministry’s director-general
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    • 191 11 JAKARTA Eight months after Indonesia banned a book containing photographs of Ms Dewi Sukarno in the nude, the pictures of the Japanese-born widow of Indonesia’s first President are available locally on floppy disks. The Jakarta Post last Saturday reported that
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    • 296 11 JAKARTA Cambodia’s Cabinet has adopted a new package of investment incentives which it hopes will pull in significant levels of foreign investment. First Prime Minister Prince Norodom Ranariddh said on Tuesday the draft package would have an easy passage through the National Assembly. Increasing
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  • COMMENT / Pick of the week’s editorials
    • 652 12 JUNE 24. 1994 THE Indonesian authorities' ban on three magazines, and the demonstrations of support for the media this has brought, have presented the government with a tricky question: just what was the campaign of political openness signalled by President Suharto four years ago meant to
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    • 647 12 JUNE 23. 1994 "EXCESSIVE profits do not reflect the true relation between supply and demand." That crisp one-liner comes, not from a just-pub-lished book of great economic quotations, but from China's State Planning Commission, which is trying to fight inflation that appears periodically as a
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    • 659 12 JUNE 21. 1994 MORE than three years ago, the Government agreed to review the fees payable to solicitors for conveyancing and to consider opening this work to non-lawyers. A year later, the idea of opening the field was dropped. Another two years passed. Now. word
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  • 745 12  -  Viewpoint By Alan John WOULD you want your child’s Olevel examination scripts to be marked in Singapore by Singapore teachers? Three out of five parents with children in secondary schools said yes when asked that question in a Singapore Press Holdings survey.
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  • COMMENT/ ANALYSIS
    • 862 13  -  Dr S. H. P. IT IS indeed heartening to hear that BG (NS) George Yeo, the Minister of Health, has formed a committee to address the ethical issues of medical practice and research. This official national committee, whose tasks include studying and advising doctors
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    • 1054 13  -  By Koh Buck Song ARE Singapore youths nar-row-minded and inhibited because society at large has made them so 9 At the recent Pre-University Seminar, several students who spoke from the floor drew applause when they said this was the case. As Harveen Singh from St Andrew’s
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  • INSIGHT A LOOK AT THE ISSUES OF THE DAY BY THE STRAITS TIMES POLITICAL DESK
    • 1629 14 The creme de la creme of Singapore’s youth applied their minds to the challenges of the future last week. Did they pass with flying colours? Here is Chua Mui Hoong's report card on the 24th Pre-U Seminar. THESE 17- and 18-year-olds want nothing less than
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    • 290 14 IN 1974, students at the Fourth Pre-University Seminar were criticised for being salary-minded, and for seeing their education in terms of job opportunities. Panel speaker Dr Ho Wing Meng, then the head of the Philosophy department in the University of Singapore, created a stir
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    • OFF-THERECORD
      • 92 15 SOFT drink in hand. Acting National Development Minister Lim Hng Kiang’s young sons Christopher, 11, and Andrew, nine, reached eagerly for the television remote control to watch the cartoons. They were in the Harbour Queen, a PSA launch, with their father on a constituency visit to St
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      • 99 15 THERE has been a bit of buzz among the footloose young, ever since the Foreign Ministry said it was looking for 80 foreign service officers (FSOs). What can they expect? After two to three years at home, most FSOs would be posted to one of Singapore’s 34 diplomatic
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      • 131 15  -  Cheow Ann. WOULD-BE diplomats may like to hear some stories from the Foreign Ministry’s deputy director Michael Tay, 35. He once shook hands with Chilean dictator Au'gusto Pinochet and washed them afterwards. This, he says, was to dissociate himself from a man who was known to
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      • 90 15 ONE of the establishment's noted bachelor boys has tied the knot. Mr S. Iswaran, who caught the public eye two years ago as the young, dynamic and not unattractive CEO of Sinda. the Singapore Indian Development Association, married Kay Mary Taylor a fortnight ago, soon after
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      • 69 15 SINGAPOREANS slotted $271 million worth of coins into jackpot machines last year and contributed $ll2 million in tax. This comes from Finance Minister Richard Hu’s reply to Nominated MP Chia Shi Teck, who asked whether controls on one-armed bandits were enough. There are almost 1,200 machines spread over
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      • 61 15 IN HIS CV, Brig-Gen (NS) George Yeo describes himself as a “poor golfer". Not so to Dr Harry Rowen, project director of the Salzburg Seminar, organisers of a conference here on industrial Asia, which ends today. He suggested a change of description after playing a round with the
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    • 1173 15  -  THINKING ALOUD Leslie Fong WHAT can Singaporeans and other people in this region do about unfair, and sometimes outright malicious, reporting and commentary by some sections of the Western media 9 I have been thinking about this, off and on,
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    • 504 15  - Names that ring a friendly bell and some that do not COMMUNITY; WATCH M Wang Hui Ling SIR Winston Churchill, the legendary wartime British Prime Minister, was particular with words, taking fastidious care over names of policies and operations. Silly names were a definite no-no. For example. Operation Ballyhoo was
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  • MONEY
    • 6593 16 i INDUSTRIAL AND COMMERCIAL Transaction Date: June 24. 1994 1994 Curr Last Vol Day Gr’t Net M C 10 High Low Company Traded Sale or'000 High Low Div P/E Smil ‘440 835 1 s Acma 1000 -30 502 1040 980 17.5 160 689 3 800 400 1
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    • 372 17  -  ROBERT NG. THE Singapore stock market went through a rough ride last week as uncertainties over two major developments the date of the Malaysian general election and a possible hike in US interest rates clouded investor sentiment. While Malaysian stocks here dominated trading,
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    • 96 17 DAY—TO —DAY STOCK INDICES ST Industrials Index The Straits fines Industrials Indei dropped 60.41 points on IN week to 2245.82. DAY CLOSE TURNOVER Monday 2284 50 (-21.73) 173.71m <J523.131m) Tuesday 2261.87 (-22.63) 103 74m (J297.746m) Wednesday 2255 30 (-6 57) 132 46m (6336 650m) Thursday 2250.45 (-485) 95 893m (5244
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    • 402 18 SINGAPORE’S manufacturing sector grew by 12.1 per cent in April this year compared with the corresponding month last year, with increased output registered in almost all major industry sectors except petroleum. The Economic Development Board (EDB) released the April data on
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    • 2879 18 CORPORATE RESULTS i Vet F urn 1 PN Dale ia 1 A 1 A 1 A i.mpans •inn iNni IMIII (els) lets) \BK Hldgs Via, HI t 1 40' eSS| 12 ’o \e m*t Jun U F 41 .'IX 14 >» 62 5 23.1 Xiiwnec Tech
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    • 282 18 THE Singapore International Chamber of Commerce (SICC) forecast last Friday that the Singapore economy would grow at 8-9 per cent this year. This figure is higher than the Government’s projection last November that gross domesticproduct (GDP) would grow between 7 and
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    • 356 18 RETAIL sales in April dropped by 34.2 per cent as demand for all products, particularly big-ticket items, fell heavily after the rush of pre-Goods and Services Tax (GST) buying in March. Furniture and household equipment retailers reported a big month-on-month
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    • 404 19  -  By Michelle Lee TAIWANESE investments in Singapore have almost tripled in the first five months of this year compared to the same period last year said the new head of Taipei Representative Office here. Mr Cheyne Chiu, on Monday. Mr Chiu, who
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    • 502 19 Friday June 24 HK$ ASM Pacific 4 62 0 025 Allied Ind Int'l 0.72 unch Allied Oversea 0.89 001 Asia Sec Int 2.40 unch Bank of EA 35.25 -0.50 C P Pokphand 2.15 -0.02 CDL Hotel 2 80 -005 Cate De Coral 4.17 -0.03 Cath Pac Air 1100 unch
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    • 338 19 Manager’s prices for Jun 25 A 27 Singapore Unit Trust The Commerce 1.63 —1.73*d The Savings Fund 154-163 Spore Prog fund 0 70—0 /4 S pore Sec Fund 102-1.08 S pore Invest Fund 117—1 24*d Spore Equity Fund 0 82 -087 Credit Lyonnais Int'l Asset Mgt Cl Asia
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    • 95 19 THE Singapore International Chamber of Commerce will lead a mission to Cambodia and Laos next month as part of its efforts to help members go regional. The mission is the first to those countries to be organised by a Singaporean chamber, said SICC executive director, Mr
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    • 285 19 THE superstructures for Suntec City’s first two of four 45-storey office towers were topped out last week a month ahead of schedule. Suntec City Development Pte Ltd (SCD), in a statement on Wednesday, said that this was made possible because the
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    • 160 19 COUNTER RATES Singapore dollar* to on* unit of foreign currency Buying 00 Seing US dollar 1.5158 1.5331 Sterling pound 2.3216 2.3763 Australian dollar 1.0947 1.1270 Canadian dollar 1 0823 1.1073 NZ dollar 0 8821 ***** EC unit 1.8514 Singapore dollar* to 100 of foreign currency units Austrian schilling 13.1528
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    • 125 19 Contract data: 24/6/94 CURRENCY 1 MTH 3 MTH 6 MTH 9 MTH 12 MTH CALL VALUE DATE USS 3’« 3"fc 4 >4 4U 4 >4 3 *4 28/6/94 AJ 4 43, 4 V, 5 5 >4 214 28/6/94 NZ$ 4A'. 5’ 5 3 4 5'/, 5 >4
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    • 468 20  -  Shareholders can also subscribe to rights issues, says SES president By Robert Ng in Kuala Lumpur SINGAPORE investors may, from next month, buy shares over 107 authorised bank counters in addition to the existing service offered by the Republic’s 26
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    • 401 20  -  By Tan Sai Siong THE Stock Exchange of Singapore is looking into cutting the permitted minimum price change for shares traded above $25 from the current 50 cents to 10 cents. This was stated by a senior SES official when
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    • 84 20 SINGAPORE’S first timber trade mission to South Africa will leave this weekend for an 11-day visit to explore export opportunities and possible sourcing of timber from that country. Organised by the Trade Development Board (TDB), Singapore Timber Exporters Association and the Singapore Timber Manufacturers’
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    • 442 20 LISTED Singapore Technologies Industrial Corporation’s (Stic) construction arm, CDC-Construction Development, has bought a 1.5 hectare plot of land for a pre-cast concrete factory in Bintan Industrial Estate (BIE) for $4 million. It joins textile manufacturer Gimmill Industrial, which last Thursday announced
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    • 424 20  - Ernst Young is listed companies’ top auditor By Goh Soo May ERNST Young is the top auditing firm in Singapore in terms of the number of local listed companies it audits. Its client list includes onefifth or 48 of 227 companies sampled. As expected, the top five spots are held
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  • Page 21 Advertisements
    • 796 21 The Straits Times Weekly Edition fcsss 83 RAFf LES CITy Raffles City is one of Singapore's leading mixed use development where 75,000 visitors converge daily We provide a challenging environment where staff can excel in every area of their work. We now invite you to become part of our dynamic
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  • Page 22 Advertisements
    • 975 22 INFORMATION TECHNOLOGIST JP Morgan Exceptional Audit Opportunities in International Finance A portfolio of innovative products and services, matched by a presence in all major financial centres, serves to maintain J.P Morgan's reputation as one of the world's premier banking and securities firms. Developments in Asia Pacific have generated further opportunities
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  • FORUM
    • 375 23 I REFER to the article on “Govt studying feasibility of marking Olevel papers here" bv Leong Chan Teik (ST Weekly. June 18). Although it was reported that “six in 10 parents wanted the examination papers to be marked here", it is important that
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    • 682 23 I WRITE to support the move by the Minister for Health. Brigadier-General (NS) George Yeo, to strengthen medical ethics (Page 2). One strong reason why medical ethics has become important is that science and clinical research involving patients have made dramatic progress. Some
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    • 153 23 Michael Fay case I REFER to Leslie Fong’s Insight article “S’poreans can learn from US media bias in Fay affair” (ST Weekly, June 11). There is an error in the article. In condemning American media coverage of the Michael Fay case. Mr Fong
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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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    • 231 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 Straits Times Making an
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  • 752 24  -  95 per cent of tenants in 4 centres take up Govt’s offer in first phase of plan By Dominic Nathan AN OVERWHELMING 95 per cent of hawker and market stall tenants in four centres have opted to buy their stalls in the first
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  • 282 24 DEFENCE Minister Yeo Ning Hong has submitted formally his resignation from the Cabinet and will leave it on July 2, said a statement from the Prime Minister’s Office (PMO) on Thursday. Mr Goh Chok Tong had announced on Dec 14 last year that
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  • 655 24 Government to pay under new formula SINGAPORE'S civil servants will receive |>ay hikes next month, with lower-paid employees getting a bigger share than in the past. Each of the Government’s 62,000 "timescale” employees will get a raise amounting to 1 per cent of their present
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