The Straits Times : Weekly Overseas Edition, 29 April 1995

Total Pages: 23
1 24 The Straits Times : Weekly Overseas Edition
  • 28 1 The Straits limes WEEKLY EDITION SATURDAY, APRIL 29, 1995 Price: 551.20 (in Singapore) Elsewhere by subscription only MITA (P) 087/08/94 1845 yyy i»»s The Straits Times ISO YUAHS
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  • 680 1  -  Regional economies are hit as well By Narendra Aggarwal DESPITE rising business costs, Singapore continues to stay internationally competitive, as costs have gone up in regional economies like Malaysia and Thailand as well, said Deputy Prime Minister BG Lee Hsien Loong last
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  • 456 1  -  By Paul Jacob BANDUNG Philippine Foreign Secretary Roberto Romulo said on Wednesday Manila and Singapore were close to agreeing on the ground rules for a neutral third-party forensic examination of the remains of murdered Filipino maid Della Maga. He said he had
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  • 405 1  -  Joint autopsy on Della Maga’s remains By Leticia Perez in Manila THE Philippines will take "appropriate steps” to bring strained relations with Singapore to normal if a third-party autopsy of the skeletal remains of Della Maga confirms Singapore’s position, President
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  • NEWS FOCUS
    • 676 2  -  Young, educated Chinese attracted by Christianity By Chung Tsung Mien MORE Singaporeans are switching their religion which is resulting in changes to the religious composition of the population here. Among those who professed to have a religion, about 11.5 per cent, or about 232,700 people, had
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    • 421 2 THE Government will continue to be cautious in raising government and statutory board charges, Deputy Prime Minister Lee Hsien Loong said on Sunday. He was commenting on a call from the newly elected chief of the Singapore International Chamber of Commerce
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    • 365 2 CENTRAL Provident Fund members insured under the Dependants’ Protection Scheme will enjoy new benefits from May 14. The sum assured will be increased by $6,000 to $36,000 to adjust for wage increases over the years. Annual premiums will be raised by 20 per
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    • 462 2  -  By Leong Ching Ching THE views of the "silent majority”, most of whom do not speak English well, will soon be heard in Malay, Chinese and Tamil. The Feedback Unit plans to hold more single-language sessions in the coming months to encourage non-English-speaking
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    • 680 3  -  By Brendan Pereira HIGH Court judge Lai Siu Chiu has dismissed the House of Israel’s libel suit against The Straits Times. In a 107page judgment handed down on Monday, she said it was plain that the religious group was a sect
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    • 466 3 FROM Monday, anyone trying to carry metal objects such as iron rods or even pen-knives into the Supreme Court premises will be stopped at the entrance. This is because metal detectors, similar to those found at airport security points, have been installed at the four
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    • 503 3 THE High Court has awarded $2.8 million costs to Indonesian state oil company Pertamina despite its claims that it cost a whopping $l2 million to recover its money from the estate of one of its former employees. In 1992, at the
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  • THE CONTEMPLACION CASE
    • 1793 4 A joint examination by Singapore and Philippine pathologists on April 19 of Della Maga’s remains failed to reach any agreement But both sides did agree that the bones showed no fractures on the skull or shoulder blades, with bleeding at the left side of
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    • 278 4  -  LETICIA PEREZ. THE husband of murdered Filipino maid Della Maga has said that he is tired of the forensic reviews and wants his wife to be buried. “I just want my wife buried. I want her to rest in peace,” Mr Conrado
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    • 273 4 SINGAPORE Democratic Party secretary-general Chee Soon Juan was cited in a Philippine daily newspaper on April 20 as one of several Singaporeans critical of the Singapore Government’s handling of the Flor Contemplacion case and its foreign relations. A part of Dr Chee’s
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    • 1003 5  -  Joint autopsy on Della Maga’s remains By Chua Mui Hoong AMERICAN forensic expert Michael Baden has said that the Philippine panel which took part in last week’s joint autopsy on murdered Filipina maid Della Maga’s remains lacked expertise in forensic pathology
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    • 627 5  -  Contemplacion innocent because she was right-handed: Professor By Leticia Perez in Manila FORENSIC anthropologist Professor- Jerome Bailen on Wednesday said Flor Contemplacion, who was right-handed, could not have killed her fellow Filipino maid Della Maga because the killer was left-handed. He told The Straits Times
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  • HOME
    • 407 6  -  Wife quit as principal to care for him By Leong Chan Teik PROFESSOR Huang Hsing Hua, 62. has recovered from the coma he fell into after he unknowingly drank coffee laced with cyanide months ago. His medical leave from the National
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    • 497 6  -  IN THE COURTS n By Brendan Pereira WORKERS’ Party leader J.B. Jeyaretnam last Friday paid up $Bl,OOO of more than $150,000 owed to The Straits Times to forestall a bankruptcy order being made against him. At a 15-minute hearing before an assistant
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  • Page 6 Miscellaneous
    • 1246 6 RADIO SINGAPORE INTERNATIONAL (ENGLISH) PROGRAMME SCHEDULES 1100 1400 Hours (GMT) 9530 KHz (31NI 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 1220
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  • SPORTS
    • 421 7  -  By Joe Dorai STRIKER Fandi Ahmad on Thursday tendered his resignation as captain of the Singapore soccer team to the Football Association of Singapore. Fandi arrived an hour before the start of his training session at the Jalan Besar Stadium to meet manager
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    • 906 7  -  By Joe Dorai. THE Football Association of Singapore (FAS) has maintained that it was prepared to allow Lions skipper Fandi Ahmad to play in an exhibition match in Hongkong and had told him so at an FAS
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  • Page 7 Advertisements
    • 356 7 The StraitsThnes NewsfromHome wherever you are, X he Straits Times Weekly Edition offers you a crisp summary of the week's major happenings in Singapore and in the Asean region. You can stay in touch with the social issues, politics, business and economy at home wherever you are studying, working or
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  • MALAYSIA
    • 633 8  -  General election By Ismail Kassim in Kuala Lumpur A BEAMING Datuk Seri Dr Mahathir Mohamad on Wednesday hailed the ruling National Front's landslide victory in Tuesday's general election in Malaysia as an endorsement of his “go for growth” policies. Speaking
      Reuter picture.  -  633 words
    • 506 8  -  By Kalimullah Hassan in Kuala Lumpur PRIME Minister Datuk Seri Dr Mahathir Mohamad’s new Cabinet, expected to be announced by early next week, will see at least five new faces replacing former ministers who had either retired or contested state
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    • 128 8 KUALA TERENGGANU Traders are selling recycled tea leaves to school canteens and coffeeshops in rural areas here despite efforts by the Terengganu Consumers Association to stop them. TCA president Shamsul Arabia Muhammad said he was "at a loss as to what to do", The Star
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    • 326 9  -  By Edward Tang KUALA LUMPUR Singing star Anita Sarawak was fined last Friday by the Syariah Court here after pleading guilty to committing khalwat, or close proximity, with her fiance at the Petaling Jaya Hilton Hotel. She was charged under Section 157 (3)
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    • 499 9 minimise her involvement. The West Australian. PERTH Two Malaysians, on trial for paying A 515,000 (S$15,000) to a former massageparlour worker to go through a sham marriage, were acquitted after giving evidence that they believed the marriage was genuine and that the money paid
      minimise her involvement. — The West Australian.  -  499 words

  • ASEAN
    • 414 9  -  By Simon Sinaga JAKARTA The Indonesian government plans to cut to 75 the 100 appointed seats held by the Armed Forces (Abri) in the 500-seat legislative assembly. On Monday, State Secretary Moerdiono, Home Affairs Minister Yogie S.M. and Abri's
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    • 60 9 A MISS Songkran beauty queen riding on a floral float in a procession celebrating the traditional Thai New Year in the Phra Pradaeng district of Samut Prakan province, south of Bangkok. The festival, organised by the ethnic Mon people, was held one week after the main Songkran
      festivities celebrated nationwide. — Bangkok Post picture.  -  60 words
    • 557 9  -  By Lee Siew Hua Bangkok correspondent CHIANGMAI Asean labour ministers are “very encouraged” that the International Labour Organisation (ILO) decided recently to suspend any further discussion on the controversial link between trade and social standards. They had also coordinated their stand on labour
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  • COMMENT / Pick of the week’s editorials
    • 631 10 APRIL 29. 1995 THE religious harmony that prevails in Singapore is one of its most blessed features. Unlike countries rent by sectarian violence, where diabolic politicians exploit religion for partisan ends, creating bloodbaths where thousands of innocent lives are lost, many faiths coexist peacefully here. Every major
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    • 699 10 APRIL 27, 1995 THE National Front’s big win in the Malaysian election validates an electoral truism in developing countries that pocketbook issues and the certainty of a bountiful future override everything else. Orators and snake-oil salesmen take note: one can perform to charm or agitate the
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    • 665 10 APRIL 26, 1995 AS SINGAPORE’S banking system is usually flush with cash, it means savers have to accept returns barely enough to match inflation, low though that is. This should discourage the habit but the way cash continues to pile up at banks, finance companies
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    • 942 10  -  By Warren Fernandez WHEN Prime Minister Goh Chok Tong launched a series of community visits in 1991, he made dialogue with residents a key feature of the new-style walkabouts. These “grassroots parliaments”, as he called them, would give Singaporeans a chance to offer ideas
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  • COMMENT / ANALYSIS
    • 1094 11  -  By Tan Sai Siong Singaporeans have long accepted the fact that life on a small island means living like sardines, and the view from even a mul-ti-million-dollar flat need not always be salubrious. In recent times, many of
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    • 1076 11 The reaction from overseas to the Contemplacion case raises some questions on whether people here are sometimes insensitive to the feelings of the less-affluent. Sumiko Tan reports. I WAS in the Philippines in mid-February, a month before Flor Contemplacion was hanged and all hell broke loose
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  • CPF NEWSLINE A CORPORATE NEWSLETTER FOR CPF MEMBERS 02/95
    • 328 12 / 13 [JomeProteclion§cheme The age limit of the Home Protection Scheme (HPS) has been raised from 55 to 60 with effect from 1 March 95 to be in line with the current legal retirement age. This means that CPF members can now enjoy insurance cover for their
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    • 268 12 / 13 You need to set aside a Minimum Sum when you i turn 55. This is to assure 6 you of a monthly retirement income from age 60. So what are your options under the Minimum Sum Scheme? Since the introduction
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    • 211 12 / 13 Dependants' Protection Scheme (DPS), a term life insurance introduced in 1989, provides financial protection for CPF members and their families in the event of the insured member's permanent disablement or death. The scheme covers Singapore Citizens and Permanent Residents aged 16
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  • Page 12 / 13 Advertisements
    • 324 12 / 13 Share your thoughts. Win a watch Tell us what you think about CPF, how CPF has helped you, or what you like about the CPF schemes and services. Tell us everything. The most interesting thoughts would be published in our July’s special edition of CPF Newsline. All published letters will
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  • INSIGHT A LOOK AT THE ISSUES OF THE DAY BY THE STRAITS TIMES POLITICAL DESK


  • MONEY
    • 7065 16 INDUSTRIAL AND COMMERCIAL Transaction Date: April 2», 1995 1M5 Company Cun Last Vol Day Qr’a Nat M Cap Wt Avg High Low Traded tala +or000 High Low Div P/E $mil Price 482 388 m 1 s Acma 50c 420 cd 14 60 420 406 225 8.6 579.0
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    • 397 17  -  GOH SOO MAY TWO issues dominated trading on the Singapore stock market this week expectations of a rally due to the Malaysian general elections and continued concern over the fast depreciating US dollar. The market had been optimistic about the dollar last week
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    • 84 17 ST Industrials Index The Straits Times Industrials Index tel 8.23 points on the week to 2071.27. DAY CLOSE TURNOVER Monday 2085.55 (+6.05) 115.18m ($398.626m) Tuesday 2074.67 (-10.88) 69 041m ($260.512m) Wednesday 2063.63 (-11.04) *****m (S230 724m) Thursday 2056.00 (-7.63) 106 68m (S287 042m) Friday 2071.27 15 27) 98.550m
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    • 127 18 AMERICAN electronics giant Motorola Inc said on Wednesday it will invest $5O million here over the next 1 1 t years to consolidate its paging operations in Ang Mo Kio. The company already has its own paging plant there, and has now leased
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    • 432 18 SINGAPORE must not neglect the domestic economy in its drive to go regional, Deputy Prime Minister BrigGen (NS) Lee Hsien Loong stressed last Friday. Citing a recent Department of Statistics study, he said the total stock of foreign direct investment by Singapore
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    • 3210 18 CORPORATE RESULTS ompany Date ann Net Earn TY LY ($m) (Sm) HE'S TV LY (cts) (els) •MSB* Mar 31 1 1 973 084.3 2.92 092 Alliance Tech Mar 30 P 1 380L 1 564L ANA Hotel» Apr 3 P 3.392 2.591 7.07 5 40 Born csts
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    • 445 18  -  By Tammy Tan in Hongkong AMERICAN technology giant Conner Peripherals expects to ship US$45O million (Ss63o million) worth of a new line of data storage products from Singapore to world markets by the end of next year. In an interview,
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    • 239 19 Bloomberg. FRANKFURT Singapore authorities have submitted a full arrest warrant to support their extradition request for the former Barings trader Nick Leeson, the German Foreign Office confirmed on Wednesday. The Foreign Office is "in the process” of transferring the warrant from Singapore’s embassy
      Bloomberg.  -  239 words
    • 418 19 Friday April 28 HK$ ASM Pacific 5.20 0.100 Allied Ind Int'l 0.27 -0.01 Allied Oversea 0.49 -0.02 Asia Sec Int 2.90 -0.02 Bank of EA 21 05 unch C P Pokphand 2.48 unch CDL Hotel 3 55 unch Cafe De Coral 1.63 -0.01 Cath Pac Air 10.85 0.25 Century
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    • 358 19 Manager’s prices for April 29 May 2 Singapore Unit Trust The Commerce 158-1.67 The Savings Fund 1.43-1.51 S pore Prog Fund 0 58—0.62 S pore Sec Fund 0.94-100 S pore Invest Fund 1.11—1.18 S'pore Equity Fund 0 70-0.74 Credit Lyonnais Int'l Asset Mgt Cl AsiaPac Gr Fund 2
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    • 524 19  -  Samsung in second place and San Miguel third By Mary Kwang Hongkong Correspondent SINGAPORE Airlines (SIA) is Asia’s most admired company, according to the results of a recent survey of 250 firms, commissioned by business monthly Asian Business. The survey
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    • 417 19 SINGAPORE Press Holdings (SPH) is proposing a one-for-five bonus issue and a special dividend of 20 cents for every $1 ordinary and management share in commemoration of the 150th anniversary of its flagship newspaper, The Straits Times, this year. The shareholders’ bonus
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    • 146 19 COUNTER RATES Singapore dollars to one unit ot foreign currency Buykif 00 Selfint US dollar 1.3825 1.3993 Sterling pound 2.2162 2.2715 Australian dollar 0.9962 1.0271 Canadian dollar 1.0066 1.0307 NZ dollar 0.9186 0.9508 EC unit ***** Singapore dollars to 100 of foreign currency units Austrian schilling 14.0195 14.6561 Belgian
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    • 120 19 Contract data: 28/4/95 CURRENCY 1 MTH 3 MTH 6 MTH 9 MTH 12 MTH CALL VALUE DATE USJ 5 Vi 5*4 5*4 5 S /4 5V4 «74 2/5/95 AS 7 7 '/4 7% 7*4 7*4 574 2/5/95 NZS 8 8 8 V* 8 77» 7 2/5/95 STG
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    • 344 20  -  By Douglas Wong CHEVRON Chemical Company of California will invest more than US$lOO million (Ssl4o million) in an additives plant on the Jurong Island chemical complex, its regional managing director said on Monday. Mr David Mueller said preliminary agreement on the world-class
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    • 474 20  -  By Narendra Aggarwal SINGAPORE has launched a new Approved Aircraft Leasing scheme to attract international aircraft leasing companies to base their operations here. This is aimed at making Singapore a regional aircraft leasing hub. The scheme, administered by the Trade
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    • 518 20  -  Recovery in office rentals spurs decision By Kalpana Rashiwala PONTIAC Marina will proceed to build a second office block for $350 million at its Millenia Singapore development, taking advantage of rising office rentals. With this, its total investment in
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    • 338 20 THE Singapore economy is likely to have grown by a sizzling 9.5 per cent in the first quarter, says US investment bank J.P. Morgan. And with the country putting on a strong trade performance, a high economic growth rate is expected throughout
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  • Page 21 Advertisements
    • 755 21 The Straits Times Weekly Edition i New Venture, New Gains Apple Asia is the sales and marketing arm of Apple Computer’s business in the Asia region with headquarters in Hong Kong. Our Regional Operations team based in Singapore is looking for a dynamic individual to fill the newly created role
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  • Page 22 Advertisements
    • 874 22 ■!"S 1 m We invest in the best. So should you. MMa A career with the Government of Singajpore Investment Corporation is a worthy investment. We are the largest global fund management company in Singapore. When you join us, you are making a career choice which gives you good long-term
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  • FORUM
    • 941 23 On the Contemplacion affair MANY years ago, in response to a letter published in the Forum page, I wrote to say that long before enemy troops land on our shores, the emasculation process would have started. Attempts will be made
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    • 954 23 MR LOW Hou Loke (above) cites that the SDP is adding fire to the Contemplacion affair. Nothing could be further from the truth. The uncalled for remarks made by the PAP Government about other countries may have been forgotten
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    • 383 23 I REFER to the report on the Filipino maid affair (ST, April 17). I believe Filipinos have become so emotional over the hanging of Flor Contemplacion because this is the first time that a woman has been executed. Many Filipinos were beheaded for alleged
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  • 602 24  -  Move to tie in with 10-year education system By Yvonne Chew THE Institute of Technical Education is revamping its physical facilities, courses and teaching. This is to upgrade its image from that of a place for school drop-outs to that of an established
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  • 241 24 Oklahoma blast PRIME Minister Goh Chok Tong has written to United States President Bill Clinton to express shock and outrage over the Oklahoma City terrorist bombing. The Ministry of Foreign Affairs last Friday released the text of his letter to the press. “I was
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  • 484 24 Two-thirds of those interviewed say it was handled well NINETY-EIGHT out of 100 people interviewed in a Feedback Unit survey said they supported the Government for rebutting the findings of the Philippine presidential commission on the Flor Contemplacion case. About two-thirds
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  • 214 24 PRIME Minister Goh Chok Tong on Thursday congratulated Datuk Seri Dr Mahathir Mohamad on the National Front’s landslide victory in Malaysia’s General Election on Tuesday. He said that he he looked forward to working closely with his Malaysian counterpart to
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