The Straits Times : Weekly Overseas Edition, 25 February 1995

Total Pages: 24
1 24 The Straits Times : Weekly Overseas Edition
  • 20 1 The Straits Times WEEKLY EDITION SATURDAY, FEBRUARY 25, 1995 Price: 551.20 (in Singapore) Elsewhere by subscription only MITA (P) «87/08/94
    20 words
  • 535 1  - S’pore out of Malaysia Cup for good By Peter Khoo IT IS official. Singapore has decided not to play in the Malaysia Cup soccer competition for good. This was announced by the Football Association of Singapore (FAS) Council after its meeting at Jalan Besar Stadium on Wednesday. President Ibrahim Othman,
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  • 586 1  -  It is one way for local groups to provide accurate information on the country, says BG Yeo By Chung Tsung Mien AN ELECTRONIC bulletin board will be set up on the Internet next month to provide information on Singapore, said Information and the
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  • 388 1  -  By Brendan Pereira SEVERAL staff members of the Chemistry Department at the National University of Singapore (NUS) came down with cyanide poisoning earlier this month after stirring contaminated sugar into their drinks. Police have classified the case as attempted murder and
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  • NEWS FOCUS
    • 473 2  -  No COE transfers will be allowed within three months of registration By Leong Chan Teik A 12-MONTH trial to curb double transfers of car Certificates of Entitlement will start on March 1, said the Communications Ministry on Sunday. The trial will apply to cars
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    • 280 2 ALL vehicles registered from today will have their COE rebates cut if they are de-registered within two years for the purpose of re-export. For vehicles registered using open category COEs, the rebates upon de-registration at any time will be based
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    • 339 2  -  By David Miller A 31-YEAR-OLD lecturer who was molested in a market last Saturday trailed the suspect and caught him when he used his arm to brush against the breast of another woman. The lecturer said she was at the market in Block 137,
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    • 571 2 THE Traffic Police are considering new measures to reduce the high number of motorcycle accidents. They include: INCREASING the minimum age of riders, which is now 16. REDUCING the speed limit for motorcycles, which is now the same as other vehicles. MAKING
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    • 323 2  -  By Yvonne Chew STUDENTS applying to the polytechnics this year will be the first to be affected by the new selection criteria which will ensure a better fit with their chosen courses. These students will be admitted to the polytechnics based on their GCE
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    • 560 3  -  ‘Milestone in local technological capability’ By Dominic Nathan THE RSS Fearless, the first warship designed and built locally, was launched last Saturday at the Singapore Shipbuilding and Engineering (SSE) yard in Jurone. Twelve such patrol vessels will be built to replace
      Picture by TAY KAY CHIN.; Timesgraphics  -  560 words
    • 570 3  -  By Zuraidah Ibrahim A PRE-TRIAL conference for the courts to interpret a proposed amendment to the President’s powers was held on Tuesday, sources told The Straits Times. The conference, held in chambers before the three judges of the Permanent Court
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    • 278 3 A SNAKE has been popping its head out of the toilet bowls of some homes in a condominium along Bukit Timah Road. The snake, which residents believe is living in the sewers of the estate, has been spotted at least eight times by six people at
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  • HOME
    • 551 4  -  By David Miller SOON Secondary One students who join the National Cadet Corps can handle M-16 rifles, which are used by the Singapore Armed Forces and other armies around the world. At present, Secondary One cadets only use air rifles
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    • 467 4  -  By Leong Chan Teik SOME car buyers who missed the Feb 6 deadline for booking cars and thus qualifying for easy loans have found no reason to fret. Some distributors, eager to clinch sales, have simply backdated car booking agreements to before
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    • 474 4  -  By Ng Wei Joo INDEPENDENT school Chinese High has joined hands with a local medical group to start a training centre in China. In what is billed as the school’s first big move to go regional. it will act as consultant to Beng
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    • 490 5 The reason: ‘lf they follow my example, we will appear to be defensive of our pay formula’ THE Prime Minister has revealed that several of his ministers wanted to follow his example of turning down their pay rises but he stopped
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    • 424 5  -  By Leong Ching Ching HONGKONG immigrants here can help Singapore in its regionalisation drive by providing a link for Singaporean and Hongkong companies to be business partners. These two cities can be partners to invest jointly in the region,
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    • 291 5 SINGAPORE and Australia have signed an agreement that will allow the Singapore Armed Forces (SAF) to continue training at Shoalwater Bay in Queensland, Australia. The agreement was signed by Lieutenant-General John Grey, the Chief of General Staff of the Australian Defence Force
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    • 492 6 Republic ‘relies on others for its needs’ BG George Yeo’s walkabout in Moulmein SINGAPOREANS need to bear in mind that their small country is heavily dependent on the* outside world for almost all its needs. That is why the people need
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    • 429 6 REMEMBER your place in society before you engage in political debate, said Information and the Arts Minister George Yeo on Sunday. Debate cannot degenerate into a free-for-all where no distinction is made between the senior and junior party,
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    • 443 6 They had an average salary of $1,204 last year POLYTECHNIC graduates are still in high demand and enjoying a higher starting pay. A joint survey by Ngee Ann, Singapore and Temasek polytechnics showed that those entering the job market last year drew an
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    • 453 7 Not the best way to increase wealth, says Rear-Admiral Teo SINGAPORE should be careful not to over-invest in public housing, as it might not be the most productive way of increasing the nation's wealth, said Rear-Admiral (NS) Teo Chee Hean last Saturday. Speaking
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    • 234 7 PROMINENT gynaecologist Shanmugaratnarr. Sittampalam. better known as Professor S.S. Ratnam. was charged last Friday night with drunk driving at action last September. No plea was recorded from the 66-year-old head of the Department of Obstetrics and Gynaecology at the National University Hospital. The gynaecologist,
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    • 463 8  -  By Lela Jalil THE Singapore Zoo was named the Best Theme Attraction for the first time at the Pacific Asia Travel Association (Pata) awards this year. It beat other well-known Asia-Pacific tourist spots like Tokyo Disneyland and Warner Brothers’ Movie World in
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    • 416 8  -  By Elena Chong INTERPRETERS need not be physically present in court when the Subordinate Courts implement remote interpretation in civil cases and small claims tribunals. They can stay where they are at the interpreters’ pool and interpret for witnesses under
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  • Page 5 Advertisements
    • 298 5 Founded 1905 The National University of Singapore Postgraduate School of Engineering ADMISSION TO POSTGRADUATE COURSES 1995 96 (JULY INTAKE) Applications are invited for admission to the following full-time postgraduate courses in the 1995-96 academic year (commencing 10 July 1995): Master of Science in Civil Engineering Master of Science in Electrical
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  • Page 7 Advertisements
    • 186 7 Be informed of the Happenings in Singapore through The Straits Times mam WEEKLY EDITION *ee‘ w «sssff&r* toad' i'A*"'' W& < A crisp summary of the week's major events in Singapore. The Straits Times Week!/ offers political business, economic and other important news to keep you updated on the current
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  • Page 8 Miscellaneous
    • 1246 8 RADIO SINGAPORE INTERNATIONAL (ENGLISH) PROGRAMME SCHEDULES 1100 1400 Hours (GMT) 9530 KHz (31M BAND) MONDAY 1100 News in Brief, Weather Forecast (Asia Pacific) 1105 Frontiers 1120 Business Market Report 1130 Full News 1138 The Front Page 1140 Take Five 1145 Business world 1200 News in Brief 1205 E Z Beat
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  • SPORTS
    • 789 9  -  What fans, officials say about Singapore’s pullout By Shirlynn Ho-Pereira IT’S about time. Now let us concentrate on our own league. This was the general response from fans and officials alike to Singapore’s announcement on Wednesday night that it was pulling out
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    • 661 9  -  By Joe Dorai MEMBERS of the Singapore soccer squad currently in New Zealand were shocked when coach Douglas Moore told them that the Republic will not take part in the Malaysia Cup anymore. No one asked him any question. But later in the evening, the players
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    • 372 9  -  FAS official promises major revamp of current competition By Peter Khoo NEXT season’s Premier League will be totally new and refreshing for Singapore’s soccer fans. This was the promise given by the Football Association of Singapore after announcing that the Republic would not be taking
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  • MALAYSIA
    • 496 10  -  By Kalimullah Hassan in Kuala Lumpur MALAYSIA and Indonesia on Thursday signed a contract agreement in which Malaysia will swop 20 MD3-160 trainer aircraft and 1,500 Proton Saga cars for six Indonesian CN-235 military transport aircraft. The agreement also specifies that
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    • 422 10 Bernama. KUALA LUMPUR The government should consider imposing mandatory caning for vandalism, as practised in Singapore, if the offence is serious. Bar Council president Zainur Zakaria said last Friday. "Some children today cause problems by involving themselves in extortion and violence," he said. One
      Bernama.  -  422 words
    • 351 10 Bernama, AP. KUALA LUMPUR Tan Sri Loh Boon Siew, who rose from apprentice mechanic to one of Malaysia’s richest men, died last Friday. He was 78. He was found dead in the bedroom of his bungalow in Penang. The cause of
      Bernama,; AP.  -  351 words
    • 418 10  -  By Ismail Kassim in Kuala Lumpur MALAYSIA intends to propose to Singapore and Indonesia the right of hot pursuit into a large swathe of water in the Malacca Straits where jurisdiction had not been resolved. “We will bring it
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    • 307 10 Bernama. JOHOR BARU The Johor government said on Monday Singapore should have no problem getting untreated water from the state as long as ties between Singapore and Malaysia remained good. Mentri Besar Tan Sri Muhviddin Yassin gave the assurance that Johor would
      – Bernama.  -  307 words

  • ASEAN
    • 531 11  -  By Simon Sinaga in Jakarta INDONESIAN Finance Minister Mar’ie Muhammad has said the government cannot afford to offer export credits to support sales of high-tech-nology products like aircraft and ships which Research and Technology Minister B.J. Habibie sees as vital to the
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    • 351 11  -  By Sinfah Tunsarawuth in Bangkok THE Thai Cabinet on Tuesday approved a budget of 832.2 billion baht (Ss4B billion) for the next fiscal year, an increase of 16.4 per cent over the current budget of 715 billion baht. The Cabinet agreed that the
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    • 247 11  -  By Ignatius Stephen in Bandar Seri Begawan SULTAN Hassanal Bolkiah, speaking on Brunei's 11th anniversary of its independence, asked his people to get rid of the remnants of “colonial" mentality. In an address over Radio Television Brunei on Wednesday night, the
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    • 464 11 AP. MANILA Leaders from several Asia-Pacific nations urged wealthy nations last Saturday to help curb global warming, which threatens to spark massive flooding. Among those making the call at a regional conference on climate change were Philippine President Fidel Ramos, Pakistani Prime
      AP.; AFP picture.  -  464 words
    • 276 11 BANGKOK Scores of tourists in Bangkok have been deceived into buying low-quality gems at highly inflated prices in a well-or-ganised scam that police cannot do much about. The Nation reported that the Tourist Police Division had received complaints from 152 tourists who had been defrauded
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  • COMMENT / Pick of the week’s editorials
    • 686 12 FEB 24. 1995 SOME people are having such a good time that they have no time to take warnings seriously. Almost three years ago, the Housing Board came out clearly against those under-declar-ing prices in its resale market. The practice involves the buyer settling the
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    • 669 12 FEB 22. 1995 WATER is probably the most insistent symbol of Singapore's dependence on the outside, and hence its vulnerability. Life would be impossible and industry hobbled without water, for which the Republic has to depend heavily on outside sources of supply. This is what
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    • 640 12 FEB 21. 1995 SINGAPORE'S ample reserves and pool of savings have become almost as impressive as its economic success. But the reserves of some $BO billion, accumulated over 30 years of hard work and thrift, and a savings rate which sees 47 cents of every dollar
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    • 815 12  -  By Alan John THE squat blue sign has been up for more than a week now, and I pass it every time I turn off the Central Expressway’s Exit 15 to head home. It is the standard Traffic Police appeal for eyewitnesses, and
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  • COMMENT / ANALYSIS
    • 1062 13  -  By Tan Sai Siong DEPUTY Prime Minister Lee Hsien Loong told a gathering of university students the other day that a former economic adviser to the Government had pointed out to the Ministry of Trade and Industry that it had been
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    • 1056 13  -  By Zuraidah Ibrahim MAINTAINING social cohesion in a maturing society where socio-economic cleavages will become more distinct will prove a challenging task for the Government. Commenting on this in a speech to Nanyang Technological University students on Feb 10, Deputy Prime Minister
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  • INSIGHT A LOOK AT THE ISSUES OF THE DAY BY THE STRAITS TIMES POLITICAL DESK
    • 2207 14 Deputy Prime Minister Lee Hsien Loong last month called on Malays to widen their common ground with the others, saying they will advance faster working with and learning from them. Zuraidah Ibrahim reviews one area of common ground Malays and grassroots organisations.
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    • 1120 15  -  THE INSIGHT BRIEF Zuraidah Ibrahim THIS year marks President Ong Teng Cheong’s second year in giving his assent on the Budget since being elected into office. With the enactment of the Elected President legislation in November 1991, the annual revenue and expenditure estimates set
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    • 1007 15  -  THINKING ALOUD Leslie Fong IS IT possible for a people to embrace democracy as their way of life and government but avoid stumbling down the same erroneous paths that have led many Western countries to grief? I would like to think that the answer
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  • MONEY
    • 7021 16 1994/95 Curr Loaf Vol Day Qra Net M CapWtAvg High Low Company Traded Sale +or'000 High Low Div P/E Smil Price 720* 388 ml s Acma 50c 430 6 35 440 424 8 8 13.7 592.8 434 547* 267* t s Alex Hldgs 50c 450 4.0 31
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    • 334 17 THE Singapore stock market seesawed this week, taking its cue from worldwide events. Interest rate jitters that were triggered off earlier this week by the weakening dollar, caused share prices in Singapore and the region to slide. News that the federal District
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    • 87 17 ST Industrials Index The Straits Times Industrials Index fel 22.61 points on the week to 2114.52. DAY CLOSE TURNOVER Monday 2116.78 (-20.35) 195 12m ($487.884m) Tuesday 2105.14 (—11.64) 127 02m ($328 137m) Wednesday 2053.32 (-51.82) 182 46m ($450 525m) Thursday 2085.84 32.52) 173.59m ($381.846m) Friday 2114.52 (+28 68)
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    • 169 18 TWO prime properties in Orchard Road the Tangs Department store and the 33-storey Singapore Marriot Hotel next to it may now be referred to as Tang Plaza. The two units were last Friday christened “Tang Plaza" in honour of Mr Tang Choon Keng,
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    • 728 18  -  Run-up to Budget ’95 By Chan Sue Meng THOSE hoping for a lower income tax rate this year, on the grounds that the Government has collected more revenue from the Goods and Services Tax (GST) than it had earlier expected, may
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    • 2749 18 CORPORATE RESU LTS Net Earn ITS Dale n 1 A I A 1 A j mnpanx ann (Smi <5>m) lets) lets) 1 VBK Hidg> Sep 1 V 1 I.I0V 1 365 2.5 Vina Sep 1 b 1 46 426 14 ,M 71 0 26 6 MSB*
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    • 601 18  -  By Caroline Chan and Melissa Lee THE stockbroking community is seeing an increasing number of women appointed as investment research heads, with at least 13 such appointments at last count. This is some three times the number two or three years
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    • 261 19 HEWLETT-PACKARD Singapore last Friday named a successor from within the company ranks to take over from former managing director. Alex Chan Meng Wah. He is Cheah Kean Huat. 41. who until now has been responsible for the company’s Malaysian operations, as managing director for HP
      261 words
    • 500 19 Friday February 24 HK$ ASM Pacific unch Allied Ind Int'l 0 36 unch Allied Oversea 0 55 0.02 Asia Sec Int 2.55 -0.23 Bank of EA 20 95 unch CP Pokphand 1.92 0.06 CDL Hotel 3 33 4 0.03 Cafe De Coral 1.93 4 0 05 Cath Pac Air
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    • 357 19 Manager’s prices for Feb 25 27 Singapore Unit Trust The Commerce 159-1.68 The Savings Fund 152-161 S pore Prog Fund 0 58—0.62 S pore Sec Fund 0.94-1 00 S pore Invest Fund 1.12-1.19 S pore Equity Fund 0 72-0 76 Credit Lyonnais Int’l Asset Mgt CL Asia Pac
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    • 274 19 SINGAPORE Science Park Pte Ltd (SSPPL) announced on Sunday that it had launched the first multi-ten-anted facility at the $291-mil-lion Singapore Science Park 11. Known as The Alpha, the $49-million new facility, is developed especially to meet the needs of companies involved in
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    • 254 19  -  By Goh Soo May in Manila PHILIPPINE furniture makers plan to use Singapore as their gateway to export markets in Asia, especially Asean. Ten top Philippine companies will showcase their products at the International Furniture Fair opening at Singapore’s World Trade
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    • 149 19 COUNTER RATES Singapore dollars to one unit of foreign currency Buying OD Selling US dollar 1.4416 1.4570 Sterling pound 2.2787 2.3309 Australian dollar 1.0501 1.0811 Canadian dollar 1.0268 1.0498 NZ dollar 0.8997 0.9300 EC unit 1.8641 Singapore dollars to 100 of foreign currency units Austrian schilling 13.6998 14 2981
      149 words
    • 141 19 Contract date: 24/2/95 CURRENCY 1 MTH 3 MTH 6 MTH 9 MTH 12 MTH CALI VAlUE DATE USJ 5'/, 5 Mi 5M 5 5 T 4 4"§ 28/2/95 A$ 7 7'4 7S V» 8 5 7 28 2 '95 W 8 3 8' '2 8’ 2 8'2
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    • 676 20  -  By Goh Soo May PROPERTY companies will unveil record earnings for last year, hanks to the booming residential property market. And that momentum is likely to be sustained, yielding even higher profit growth this year, before flattening out in 19%,
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    • 322 20 THE Stock Exchange of Singapore (SES) has revised its minimum brokerage fees in a bid to boost trading among foreign and retail investors. The changes, which will take effect from next Wednesday, are the second in recent months. Announcing the revisions on Wednesday, the SES
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    • 565 20  -  By Kalpana Rashiwala SINGAPORE investors purchased some $2 billion worth of properties overseas last year, up 30 per cent from 1993, according to industry estimates. And the appetite for foreign properties is growing. “Investors feel that the local property market has peaked
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  • Page 21 Advertisements
    • 1137 21 "> y l mmm. The Straits Times Weekly Edition A t, So are we' Lj) A Just 17 years of age, the spirit at Acer is one that strives to conquer IT markets worldwide. And we are succeeding. In Latin America, USA, Asia, Africa, Europe, Australia and New Zealand. We
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  • Page 22 Advertisements
    • 1054 22 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 nation's foreign reserves. With our headquarters in Singapore, our current network spans offices in Frankfurt, London.
      1,054 words

  • FORUM
    • 419 23 DR AUGUSTINE TAN has drawn our attention to the decline in standards of written communication skills of today’s Arts undergraduates. I feel that a similar decline can be seen at all levels of education, from primary to tertiary. This is against the backdrop of
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    • 255 23 I REFER to the report “Use less water or face shortage” (Page 24). An increase in water consumption is a phenomenon associated with industrialisation and increasing population. Water is a scarce resource in Singapore. Therefore, we should look at various ways to conserve
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    • 443 23 I REFER to Janice Seah’s report “Wah, recognition at last and it is free too (ST Weekly, Feb 18). I find this article disturbing. It is one thing to pass a remark that some of us are kiasu in our conduct.
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    • 264 23 THE daily water consumption is 1,091 million litres and this is increasing by 3 per cent yearly. So, in the average Singaporean’s perception, water cannot possibly be considered a scarce commodity. The current 10 per cent water conservation tax is not
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    • 605 23 YOUR report in Insight (ST Weekly, Feb 18) was not written as an informative and objective piece. Instead it was filled with insinuations and innuendos and seemed to go out of its way to portray the SDP in
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    • 218 23 YOUR insinuation that Mr Ling and I are “merely fellow travellers” in the opposition is intended to cast a shadow over the SDP’s ability to present itself as a credible alternative for Singapore. Misperceptions must be cleared. There has never been a question
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  • 578 24 PRIME Minister Goh Chok Tong has warned that Singapore will be short of water in 15 to 20 years if Singaporeans do not take steps to stem the growth in water consumption. He said that Singapore now had two water agreements
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  • 115 24 The Botanic Gardens is a Singapore original 136 years old and boasting a unique collection of 2,000 plant species, including some of the finest orchids, palms and shrubs in the world. It also has an original equatorial rainforest, a living national treasure. The gardens draws 2.4
    Picture by LAU FOOK KWONG.  -  115 words
  • 677 24  -  By Ann Williams SINGAPOREANS and foreigners snapped up a record 9,860 new private homes last year one-third more than the 7,440 units sold in 1993. But latest figures from the Urban Redevelopment Authority (URA) also show an oversupply of some 5,000 new
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