The Straits Times : Weekly Overseas Edition, 1 October 1994
1994-10-01
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The Straits Times : Weekly Overseas Edition
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Title Section20 1994-10-01 1 The Straits Times WEEKLY EDITION SATURDAY, OCTOBER 1, 1994 Price: SH.20 (in Singapore) Elsewhere by subscription only MITA (P) 087/08/9420 words
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Article, Illustration894 1994-10-01 1 Chan Sue Meng; and Tammy Tan - Major plan to boost fond management and investment banking By Chan Sue Meng and Tammy Tan FROM January next year. Central Provident Fund members will be allowed to invest in overseas stocks. Senior Minister Lee Kuan Yew said last Saturday. UnderTimesgraphics - 894 words
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311 1994-10-01 1 IN A major policy change, the Government has directed its own investment arms, statutory boards and government-linked companies to tap the capital market for funds. This will help build up a “critical mass” of fund managers and investment bankers here. "The Singapore311 words
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Page 1 Advertisements
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Advertisement11 1994-10-01 1 Planning a CAREER Move CHECK OUT Pages 21 22 *****1 *****311 words
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NEWS FOCUS
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563 1994-10-01 2 Warren Fernandez - He proposes extending economic cooperation By Warren Fernandez NANJING Senior Minister Lee Kuan Yew said last Saturday night he was now more confident than ever that the Singapore-Suzhou township project would succeed, and proposed extending economic cooperation to other parts of Jiangsu province.563 words
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Article, Illustration353 1994-10-01 2 Tan Hsueh Yun - By Tan Hsueh Yun SHE turned 102 last Saturday and Madam Ng Ler Neo is still going strong. She takes daily walks, enjoys her food and loves watching wrestling matches and Chinese serials on television. Madam Ng celebrated her birthday last353 words
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454 1994-10-01 2 AMERICAN Robert Michael Freehill was fined $2,500 last Friday after pleading guilty to three charges of using abusive language. Two others of causing hurt and of using criminal force were taken into consideration against him. Freehill, 51, regional director of Fire Safety International,454 words
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Article, Illustration573 1994-10-01 3 Ng Wei Joo - By Ng Wei Joo THE Singapore Federation of Chinese Clan Associations on Sunday expressed its support for the Maintenance of Parents Bill. Speaking at its annual general meeting, SFCCA chairman Wee Cho Yaw said that the Bill was necessary to compel the unfilial few to573 words
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344 1994-10-01 3 Paul Jacob - By Paul Jacob Jakarta Correspondent YOGYAKARTA Environment ministers from Singapore, Malaysia and Indonesia will discuss the haze and problems associated with forest, peat and coal fires burning in Sumatra and Kalimantan at the end of October. Singapore’s Communications and Environment Minister Mah344 words
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Article464 1994-10-01 3 They cannot be brought to Singapore until further notice THE plague task force has asked the Labour Ministry to tell employers not to bring in any worker from India until further notice. Its chairman, Dr Chen Ai Ju, said this instruction covers all workers. She464 words
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Article, Illustration404 1994-10-01 3 Julie Kee - By Julie Kee A SALES representative broke down and cried in court last Wednesday when she was jailed for three months and disqualified from driving for 10 years for beating a traffic light and killing a pedestrian. Ong Chai Teng, 31, was driving a404 words
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HOME
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Article, Illustration2026 1994-10-01 4 We have to change, liberalise to stay ahead of competition in financial services: SM Lee Keynote address by Senior Minister Lee Kuan Yew at the 10th anniversary dinner of Simex last Saturday WE ARE facing a period of2,026 words
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Article, Illustration159 1994-10-01 5 DR KWA SOON BEE, Permanent Secretary of Health, will receive China’s Friendship Award during the country’s National Day celebrations. He left on Tuesday with his wife on a sev-en-day visit at the invitation of the Chinese government. The Friendship Award is given159 words
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Article, Illustration612 1994-10-01 5 MANY Singaporean women are better off than women in Japan and the United States, NTUC chief Lim Boon Heng said last Friday. Twenty per cent of the working women here hold professional and technical jobs, compared with 12 per612 words
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256 1994-10-01 5 SINGAPORE workers resigned from their jobs in greater numbers in the second quarter, despite an already high turnover from January to March, according to a survey of 103 companies. The survey by private consultant Remuneration Data Specialists (RDS) showed an average 40256 words
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693 1994-10-01 5 Wang Hui Ling - By Wang Hui Ling THE largest umbrella Protestant organisation and two Catholic bodies have come out officially against the proposed legislation of living wills. The National Council of Churches, Family Life Society and Catholic Medical Guild of Singapore said the proposal to allow693 words
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745 1994-10-01 6 Sandra Pearce - Overall crime rate falls for sixth year in a row By Sandra Pearce CRIME rates for four major offences fell during the first six months of this year and their numbers hit record lows in more than 10 years. Singapore’s overall crime rate745 words
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442 1994-10-01 6 WHILE theme parks and attractions in Asia drew just 2 per cent more visitors last year. Singapore's 14 major attractions drew 11.6 million visits, or 13.1 per cent more last year than in 1992 The growth in visitors to Asian442 words
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Article, Illustration391 1994-10-01 6 IN THE language of flowers, orchids speak in dollars and cents. Singapore has a massive $24 million share of the world cut-flower market in orchids, which was worth $lBO million last year. By 2000, its share is estimated to shoot up to $63 million. A391 words
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519 1994-10-01 8 THE Education Ministry on Thursday released details of a recent survey on discipline in schools and made plain that it is against allowing just any teacher to cane students. It said it will not change existing guidelines which allow only principals, vice-prin-cipals or senior519 words
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Article, Illustration285 1994-10-01 8 ABOUT 300 staff and committee members of the Singapore Recreation Club (SRC) gathered at the Padang in front of their clubhouse for a last photograph last Sunday before the building is demolished. The 111-year-old clubhouse, one of Singapore’s oldest, will be replaced by285 words
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372 1994-10-01 8 Geraldine Kan - By Geraldine Kan FOUR organisations in Singapore have raised more than $150,000 for people in Rwanda and fund-raising efforts among Singapore organisations are not over yet. At the Salvation Army, money came in even before the group started raising funds. This spurred372 words
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425 1994-10-01 8 TWO peeping-toms, who installed a two-way mirror in a changing room at an arts academy so they could watch women change, were each sentenced to six weeks’ jail on Tuesday. Khoo Mui Hai, 39, was a lecturer of the Nanyang Academy of425 words
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Page 7 Advertisements
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Advertisement209 1994-10-01 7 Why You've already budgeted your allowance for tuition fees, food, books and the occasional concert or two (ok, maybe three). The last thing you need is the phone bill to tax it further. V v So instead of hesitating to call home because of the cost, use Singapore Telecom's Call209 words
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SPORTS
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Article, Illustration565 1994-10-01 9 Hahikat Rai and; Shirlynn Ho-Pereira - Asian Games By Hahikat Rai and Shirlynn Ho-Pereira HIROSHIMA (Japan) Not all Singapore athletes are here just to gain experience and improve on their personal bests. Some are in the running for honours, said the Republic's deputy chef-de-mission. Col Kwan Yue Yong saidPicture by Albert Sim. - 565 words
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Article380 1994-10-01 9 Peter Khoo - Training in Germany, Australia will prepare them for next year’s Sea Games By Peter Khoo THE Singapore Amateur Athletic Association will send its South-east Asia Games squad to Germany and Australia next year for training-cum-competition stints. The expected cost? $300,000. SAAA general manager Ong Yeok380 words
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Article, Illustration578 1994-10-01 9 Tay Cheng Khoon - But right to play at Bukit comes at expense of husband’s privilege and loss of Ladies’ Day SICC: Battle for equal rights By Tay Cheng Khoon WOMEN principal members of the Singapore Island Country Club have won the right to play golf at the Bukit578 words
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MALAYSIA
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421 1994-10-01 10 Reuter, Bernama KUALA LUMPUR Flight schedules at Kuala Lumpur International Airport were almost back to normal six weeks after a fire knocked out its radar, officials said on Tuesday. "We have resumed our normal flight schedules since Monday." a Malaysia Airlines officialReuter,; Bernama - 421 words
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322 1994-10-01 10 KUALA LUMPUR Judges who misbehaved continually should be dismissed from service. tfie newly-appointed Chief Justice of the Federal Court Tan Sri Mohamed Eusoff Chin has said. The Sunday Star quoted Malaysia’s top judge as saying that such misbehaviour included incidents where a322 words
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185 1994-10-01 10 Bernama. KUALA LUMPUR Two men were killed here last Saturday hours after collecting ransom from the family of a schoolboy they had kidnapped last Thursday. The kidnappers were gunned down by police in Jalan Syed Putra at 5.25 pm during a carBernama. - 185 words
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Article, Illustration497 1994-10-01 10 Ismail Kassim - Opposition parties unlikely to form alliance as in ’9O elections By Ismail Kassim KUALA LUMPUR The Umno Supreme Council meeting scheduled on Oct 12 will determine whether elections are going to be held this year or the next. Umno sources said on Thursday thatBerita Harian Malaysia picture. - 497 words
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377 1994-10-01 10 More than 3,000 production staff recruited for the booming electronics industry Bernama, Reuter. KUALA LUMPUR Malaysia has relaxed its freeze on the hiring of Indonesian workers by recruiting more than 3,000 production operators for its booming electronics industry. The managing director of AnamonaBernama,; Reuter. - 377 words
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ASEAN
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706 1994-10-01 11 Paul Jacob - By Paul Jacob YOGYAKARTA The informal summit of Asia-Pacific Economic Co-operation (Apec) leaders in November must set out to advance moves towards free trade in the region and build on Gatt agreements in the wake of the706 words
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345 1994-10-01 11 JAKARTA The Indonesian government, which terminated tax-holiday provisions a decade ago, is likely to re-in-troduce such incentives to foster investment in the eastern part of the country. “It’s possible to revive the tax holiday in certain areas, especially in eastern Indonesia, to attract investors345 words
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369 1994-10-01 11 Sinfah Tunsarawuth - By Sinfah Tunsarawuth BANGKOK Education in Thai universities will have to be geared towards increasing competence of the students to prepare them for the higher competition in the business community. "The policy guideline for our educational development would have to be improving our369 words
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Article, Illustration335 1994-10-01 11 Reuter. BACOLOR (Philippines) Mudflows on Wednesday triggered a new wave of evacuations from villages near the Mount Pinatubo volcano, and President Fidel Ramos ordered dams built to block future flows. Rivers of mud rising to a height of 2.5 m tumbled down the mountain,Reuter.; Reuter picture. - 335 words
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COMMENT / Pick of the week’s editorials
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Article628 1994-10-01 12 SEPT 30. 1994 THE Health and Environment ministries have announced precautions to keep pneumonic plague, which has broken out in India, from entering Singapore. The density of its population, the large number of travellers to and from India 179,000 Indians visited Singapore last year and the highly628 words
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Article653 1994-10-01 12 SEPT 28. 1994 THE haze which has hung over Singapore with its oppressive, sickly grey of unnatural twilight for six weeks now is turning from a topic of idle chat to something approaching aggravation. People who had endured it with good humour are demanding to653 words
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Article619 1994-10-01 12 SEPT 27. 1994 THE contribution of financial services to the health of an economy cannot be over-esti-mated, not least in the highgrowth Asia-Pacific region, and certainly not in Singapore. Over the years, Singapore has developed a set of key advantages in this area. Among these are619 words
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773 1994-10-01 12 Alan John - By Alan John IT IS cause for concern when teachers complain of a rise in discipline problems, and describe students who scratch cars, burn school property or use vulgar language to swear at their teachers. But each time I read a773 words
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COMMENT / ANALYSIS
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Article, Illustration1443 1994-10-01 13 Toh Thian Ser; and Yew Siew Peng - By Toh Thian Ser and Yew Siew Peng ANYONE who has been away from Singapore in the past two years is probably recovering from the “culture shock” of seeing property and car prices skyrocketing to new peaks. There has been disquiet inSource: Jones Lang Wootton Consultants Pte Ltd - 1,443 words
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INSIGHT A LOOK AT THE ISSUES OF THE DAY BY THE STRAITS TIMES POLITICAL DESK
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Article, Illustration2320 1994-10-01 14 The long-running Matthias Yao-Chee Soon Juan debate has been hogging the Forum Page of this newspaper for almost two months now. But how have Singaporeans reacted to the exchange of letters? BERTHA HENSON reports. IT BEGAN innocuously enough with a comment2,320 words
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OFF-THE-RECORD
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Article96 1994-10-01 15 SENIOR Minister Lee Kuan Yew has a new principal private secretary. He is Mr Alan Chan Heng Loon, replacing Colonel (NS) Ho Meng Kit, who leaves to join the Ministry of Information and the Arts as its Deputy Secretary. Mr Chan was formerly director of96 words
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Article140 1994-10-01 15 THE afore-mentioned Mr Chan may be interested to know that his new boss is an “INTJ” type, according to one management consultant. The consultant uses the Myers-Briggs test which classifies people on four factors: whether they are extroverted, relating to the outside world (E), or introverted,140 words
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Article92 1994-10-01 15 WHEN Minister of State for the Environment Abdullah Tarmugi visited Queenstown last Sunday, he was, quite naturally, asked about the haze There was little Singapore could do about it, he replied, except to caution people with health problems and hope that the wind would change direction.92 words
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Article76 1994-10-01 15 REMEMBER newscaster-turned-politician Abdul Nasser Kamaruddin’ Tune in to SBC radio and you can hear him read the news. He is back to being a newscaster, part-time. Up in the air is whether he will go back to TV, where he made his mark. Now a76 words
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Article, Illustration952 1994-10-01 15 Han Fook Kwang - THINKING ALOUD Han Fook Kwang AS THIS year’s Speak Mandarin campaign draws to a close, some recognition is in order for Chi-nese-educated Singaporeans who have gone out of their way to promote their language without offending other Singaporeans. I had first-hand952 words
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Article, Illustration1022 1994-10-01 15 In a recent controversial article, writer Catherine Lim offered the theory of a Great Affective Divide between the People’s Action Party Government and Singaporeans: While the Government has inspired respect and gratitude for providing the good life, there is very little affection1,022 words
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MONEY
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Article7322 1994-10-01 16 INDUSTRIAL AND COMMERCIAL Transaction Date: Sep 30,1994 1994 Curr Last Vol Day Gr’a Nat M Cap Wt Avg High Low Company Traded Sale -no r000 High Low Div P/E $mil Prica 1440 835 ml s Acma 1000 cd •10 105 1010 995 175 160 6893 1002 547'7,322 words
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319 1994-10-01 17 KOH KEAT KIAN - KOH KEAT KIAN. SINGAPORE shares started the week on a quiet note as investors awaited the outcome of the Federal Open Market Committee meeting. With the absence of an increase in US interest rates as well as robust trade figures for319 words
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Article83 1994-10-01 17 ST Industrials Index The Straits Fines Industrials India rose 30.58 points on the week to 2332.63. DAY CIX)SE TURNOVER Monday 2299.81 (-2.24) 315.43m (8771.081m) Tuesday 2289 84 (—9.97) 30C 65m ($711 198m) Wednesday 2330.69 40.85) 276.13m (8691.989m) Thursday *****0 18.21) 301 99m '8841.862m) Friday 2332.63 (-16.27) 241 41m83 words
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278 1994-10-01 18 Tan Sai Siong - By Tan Sai Siong THE Monetary Authority of Singapore (MAS) has stepped up its policing of the 460 licensed moneychangers here to ensure they are aware of the Drug Trafficking (Confiscation of Benefits) Act and complying with it. Over the past two months,278 words
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112 1994-10-01 18 MORE than 100 chief executives from around the world will converge in Singapore next March to exchange ideas on the “New Economy” that is evolving globally. The three-day Fortune Global Forum will be the first to be held outside the United States, said Fortune112 words
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3503 1994-10-01 18 CORPORATE RESULTS oiiipam Dali unn Net lam n n <Sm> (Mil) IPS iA n (cIM let») \HK HIdg> Sep IS 1 I.IOS 1 46) 2 5 u Vvma Sep IP 1 ***** IS.517 ’1 0 28 6 Alcorn* Aug 1 1 9 A’A so* 44 b3,503 words
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333 1994-10-01 18 Robert Ng - By Robert Ng NINE Singapore brokers with trading arms in Hongkong have been selected to facilitate the trading of Jardine Matheson Holdings (JMH) and Jardine Strategic Holdings (JSH) shares on the Stock Exchange of Singapore (SES). The Hongkong arms of Morgan Grenfell Asia333 words
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216 1994-10-01 18 LISTED companies may have to submit quarterly financial reports in future, Stock Exchange of Singapore president Lim Choo Peng said in an SBC interview on Wednesday. “Over time, I can only imagine that we will have to insist on quarterly reports...as has been the practice216 words
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Article, Illustration755 1994-10-01 19 Robert Ng; and Koh Keat Kian - More than 11 out of 81 elected members have adopted corporate role By Robert Ng and Koh Keat Kian MORE Members of Parliament have come on board companies listed on the Stock Exchange of Singapore in the last two years, with several taking up top755 words
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Article561 1994-10-01 19 Friday September 30 HKS ASM Pacific 5 55 unch Allied Ind Int'l 0 55 -001 Allied Oversea 0 79 -0.02 Asia Sec Int 2 73 0 02 Bank of EA 33 00 -0 50 C P Pokphand 2 31 -0.03 COL Hofei 3 34 -0 01 Cafe De Coral561 words
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Article310 1994-10-01 19 Manager’s prices for Oct 1 3 Singapore Unit Trust The Commerce 1.69-179 The Savings Fund 1 63-172 Spore Prog fund 0.65—C 69«d S pore Sec Fund 1 03—1 09 S pore Invest Fund 1.22-1.29 S pore Equity Fund 0.84-0.89 Credit Lyonnais Int'l Asset Mgt Cl Asia Pac Gr310 words
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Article153 1994-10-01 19 PALM Beach Seafood Restaurant is opening a restaurant in Jakarta early next year. This will bo the first in its planned chain of 30 franchised restaurants in the Asia-Pacific. The expansion is part of its plan to seek a Sesdaq listing in the next three years.153 words
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341 1994-10-01 19 Gerry de Silva - By Gerry de Silva KEPPEL Corporation managing director Loh Wing Siew believes the next upturn in the shiprepair cycle is now “in gear" and he is bullish about prospects for the industry. The chief reason for optimism, he said,341 words
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Article146 1994-10-01 19 COUNTER RATES Singapore dollars lo ona unit of foreign currency Buying 00 SeNng US dollar 1.4744 1.4911 Sterling pound 2.3100 2.3637 Australian dollar 1.0788 1.1107 Canadian dollar 1.0891 1.1143 NZ dollar 0.8775 0.9073 EC unit 1.8480 Singapore dollars to 100 of foreign currency units Austrian schilling 13.2671 13.8535 Belgian146 words
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Article111 1994-10-01 19 Contract data: 30/9/94 CURRENCY 1 MTH 3 MTH 6 MTH 9 MTH 12 MTH CALL VALUE DATE USS IS 4% 5S 5S 5S 3S 1/10 '91 AS 4*4 5S 5S 6S 6Vj 3S 5/10/91 NZS 5S 6’ '2 6 7 7 7S IS 1/10/91 STG IS 5S111 words
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352 1994-10-01 20 SINGAPORE’S exports grew strongly again last month, after a temporary slowdown in July. Non-oil domestic exports in August increased by 38.6 per cent in real terms over the same month last year, far exceeding July’s growth rate of 19.4 per cent. This352 words
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Article, Illustration605 1994-10-01 20 Over time, one in 4 households to own private property THE Government plans to release enough land for building up to 8,000 private homes annually up from 6,000 units in a bid to reassure Singaporeans that more will have a chance to605 words
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348 1994-10-01 20 COMPUTER giant IBM Corp has announced it was setting up a major multimillion-dol-lar plant in Singa|>ore to produce disk drives, which are the devices used in computers to store information. The move is significant as it marks IBM’s first manufacturing348 words
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Article105 1994-10-01 20 Bloomberg. HONGKONG The Stock Exchange of Singapore (SES) intends to set up a new share index of listed companies that derive a large proportion of their earnings from outside Singapore, the Sunday South China Morning Post reported on Sunday. The index would includeBloomberg. - 105 words
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Article599 1994-10-01 20 Kaipana Rashiwala - Sentosa’s s2om Volcano Land set to join the fray when it opens in December By Kaipana Rashiwala VOLCANOLAND, the latest attraction on Sentosa, will start erupting in December, spewing smoke 10 metres into the air. Its opening marks what is shaping up to be599 words
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Page 21 Advertisements
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Advertisement803 1994-10-01 21 ms The Straits Times Weekly Edition INTM sm •MM Singapore Pro*» Holdings INFORMATION TECHNOLOGIST We are looking for a self-motivated person to join our team to study user requirements, design, develop and maintain in-house application systems in IBM mainframe PC-WAN environment. The person we are looking for should have... a803 words
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Page 22 Advertisements
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Advertisement777 1994-10-01 22 4 V<ft" A? The Scope Is Global. The Opportunities Are Yours. The Government of Singapore Investment Corporation (GIC) is the largest global fund management institution in Singapore and is responsible for managing a significant portion of the foreign reserves of the country. GlC's Headquarters is in Singapore and our current777 words
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FORUM
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234 1994-10-01 23 I AGREE with Mr Wong Nai Seng (ST Weekly Edition, Sept 24) that ultimately the legitimacy of any government depends on its ability to win popular support, and that the people will not be led where they do not wish to go. Whatever234 words
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472 1994-10-01 23 I REFER to Mr Koo Tsai Kee’s letter, “What is wrong with equating Singapore with PAP?” (see above). I would like to move the discussion away from the hard facts he cited, that the “good life” which Singaporeans lead must be credited472 words
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229 1994-10-01 23 MR WONG Nai Seng hit the nail on the head in his letter “Self-deluding to cite electoral data to prove PAP’s popularity” (ST Weekly Edition, Sept 24). His prescription that the PAP must foster closer rapport with the grassroots is never more true229 words
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232 1994-10-01 23 IN MY opinion, Mr Koo Tsai Kee’s response to Mr Wong Nai Seng’s letter is too simplistic and threatens to blur the distinction between two important political entities; namely the State and the interest-groups (political parties) working within the framework of the232 words
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Page 23 Advertisements
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Advertisement53 1994-10-01 23 MAKING AN ISSUE OF THE MAJOR ISSUES The Straits Times Weekly Edition. A crisp summary of the week’s major happenings in Singapore. Politics, business, the economy, investment opportunities, executive appointments... And highlights on Malaysia and Asean. A convenient tabloid airmailed to you wherever you may be. Every week. The Straits53 words
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Article, Illustration778 1994-10-01 24 Paul Jacob - Agreements a historic milestone in relations, says PM Goh By Paul Jacob Jakarta Correspondent YOGYAKARTA Indonesia and Singapore on Thursday signed a wide-ranging tourism cooperation agreement and a new air services pact which President Suharto and Prime Minister Gch Chok Tong both describedSPH picture by WOO FOOK LEONG. - 778 words
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330 1994-10-01 24 POSBank raised interest rates on savings accounts by a quarter of a percentage point today, a move which will be copied by its credit arm, Credit POSB, on housing loan rates. The new rates for savings balances up to $lOO,OOO are 2.75 per330 words