The Straits Times : Weekly Overseas Edition, 26 August 1995

Total Pages: 24
1 24 The Straits Times : Weekly Overseas Edition
  • 20 1 The Straits Times WEEKLY EDITION SATURDAY, AUGUST 26, 1995 Price: 551.20 (in Singapore) Elsewhere by subscription only MITA (P) 008/08/95
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  • 904 1  -  Singapore lags behind in skills; Faces hostile Western press; and An unsettled geo-political climate By Zuraidah Ibrahim MR GOH Chok Tong said on Sunday that although Singapore had overcome great odds to arrive at the threshold of a developed country, it still
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  • 604 1 A NEW housing concept called "executive condominiums” will be introduced to meet the demand for private homes, Prime Minister Goh Chok Tong announced on Sunday. To be built by the private sector, initially by governmentlinked companies such as Pidemco, these strata-titled apartments will have
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  • NEWS FOCUS
    • 553 2 New system means faster, mechanised mail sorting ALL addresses in Singapore will get six-digit postal codes which can be used from Sept 1. The new codes of Housing Board flats will include the block numbers. Other houses and buildings
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    • 362 2  -  By Geraldine Yeo DISTRICTS 9, 10 and 11 will disappear from the Singapore mental map of prime areas with the change in the postal codes. These prime districts in Orchard Road and Bukit Timah will have postal codes beginning from 22 to 30
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    • 691 2  - Aggravations considered in damages award Judge IHT libel suit By Wang Hui Ling IN ORDERING the International Herald Tribune to pay $950,000 in libel damages to Singapore’s top three leaders, the High Court took into account the position of the three men, the gravity of the allegations against them, and
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    • 560 3  -  Flexibility in courses and better facilities By Ng Wei Joo THE number of government scholars sent to the United States for their studies has increased four-fold, according to the Public Service Commission. PSC figures show that the number of such scholars had increased
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    • 625 3  -  By M. Nirmala INDONESIAN minister Hartarto Sastrosoenarto, 63, who has played a pivotal role in strengthening bilateral economic ties, received an honorary Doctor of Letters degree at a convocation ceremony on Wednesday. He also won this signal honour for his critical role in promoting economic
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    • 239 3 THREE insurance agents were charged last Saturday with offences under the Official Secrets Act. All three claimed trial. Long Hin Sin, 24, is alleged to have cheated a navy sergeant at the School of Naval Training, Sembawang Camp, by presenting himself as an
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    • 358 3  -  By Brendan Pereira THREE lawyers have had their names gazetted under a new system whereby lawyers who are fined more than $l,OOO or reprimanded for misconduct by the Law Society face having their names published in the Government Gazette. It is understood the
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  • HOME
    • PM Goh’s National Day Rally speech
      • 1164 4 NEXT year, Singapore will be classified as a developed country by the Organisation for Economic Cooperation and Development (OECD). But “we will not be popping champagne,” Mr Goh Chok Tong said in his National Day Rally on Sunday night. He reminded the people that the country
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      • 196 4 MR GOH Chok Tong on Sunday recounted how Indonesia signalled its displeasure when the Philippines allowed a conference on East Timor to be held in Manila last year. Drawing on the incident to illustrate the point that Singapore-bashing had taken place because the country was small, he
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      • 566 4 SINGAPORE is ready to repair the damage to its bilateral relations with the Philippines if the Filipino government, people and media are, said Mr Goh Chok Tong on Sunday "President Ramos has abided by his agreement with me to accept the
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      • 405 4 DESPITE its constraints and vulnerabilities, Singapore can still succeed with a good government and a disciplined people, said Mr Goh Chok Tong on Sunday. “A tiny Singapore can succeed if we have a strong and good government, and a disciplined
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      • 477 5 A SECOND Cold War affecting the whole region will start if relations between China and the United States do not stabilise, warned the Prime Minister on Sunday. Referring to US-Sino tensions and the multilateral claims to the Spratlys as “dark scenarios” for Singapore,
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      • 690 5 SINGAPORE attracts so much attention from Western media and human rights groups as its success made it more difficult for them to convert other countries to their view of how societies should be run, Mr Goh Chok Tong said on Sunday. The Prime
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      • 275 5 THE New York Times covered the Flor Contemplacion controversy prominently, but failed to report the findings of the third-party panel which upheld Singapore’s findings. “Mr Safire too remained silent. Truth was their victim,” said Mr Goh. He noted that the newspaper had gone further than even some
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      • 226 5 SINGAPORE’S standing with its Asian neighbours remains high despite the Western media’s attacks against it. The Chinese, Japanese and Korean press were unimpressed by the Western media onslaught. “The Japanese media often interview me and n y colleagues. They regularly invite the Senior Minister to be a
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    • 263 5 THE average personal savings of Singaporeans have gone up by more than a third over the last five years, said Prime Minister Goh Chok Tong in his National Day Rally speech on Sunday night. Noting that the wealth of Singaporeans had increased,
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    • 461 6  -  By Wong Hiew Peng CONSUMERISM is a reality but it must be balanced by moral values, said Dr Ow Chin Hock, the MP for Leng Kee. on Sunday. Such values could help to stem some of the negative aspects of materialism.
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    • 382 6 THE Singapore Armed Forces (SAF) is building a warehouse in Queensland to provide support for its troops undergoing training in Australia. A ground-breaking ceremony for the warehouse was held on Monday at Rockhampton in Queensland, said a statement from the Ministry of
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    • 466 6  -  Institute concerned about charlatans By Lim Li Hsien AN ARCHITECTURE graduate is being investigated by the police for calling himself an architect although he was not properly qualified. The Singapore Institute of Architects (SIA) said that it had decided to report him to the
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    • 367 6  -  By I By Leong Chan Teik SINGAPOREANS will be able to drive their cars in Indonesia said its Coordinating Minister for Industry and Trade, Mr Hartarto Sastrosoenarto, on Wednesday. Details would be announced soon, he said, after receiving an honorary Doctor of Letters
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    • 477 7  -  By Ginnie Teo ALTHOUGH the overall accident situation improved slightly in the first half of this year, compared with the same period last year, there is still cause for concern about dangerous and reckless driving. The Traffic Police are concerned because the
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    • 436 7  -  IN THE COURTS o By Ben Davidson PARALLEL importers can deal in the genuine product of a manufacturer but they may have to make it clear to their customers that they are not the manufacturer’s authorised dealers. Although the Court of Appeal
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    • 535 8  -  By Phan Ming Yen THE Government will give $4 million over the next five years to two arts institutions, LaSalleSIA College of the Arts and the Nanyang Academy of Fine Arts (Nafa). Deputy Prime Minister Lee Hsien
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    • 147 8 MURDOCH University will confer an honorary Doctor of Laws degree on Deputy Prime Minister and Defence Minister Tony Tan tomorrow. This is the first time the Western Australian university, which is celebrating its 20th anniversary, has conferred such a degree on a Singaporean. Mr
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  • Page 7 Advertisements
    • 198 7 Home Delivery Weekly! A crisp summary of the week's major happenings in Singapore, the newspaper covers news from politics, to business, to investment opportunities and others. What's more, it also offers news on Malaysia and Asean. A convenient tabloid airmailed to you wherever you may be, once a week. So,
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  • Page 8 Miscellaneous
    • 1254 8 RADIO SINGAPORE INTERNATIONAL (ENGLISH) PROGRAMME SCHEDULES 1100 1400 Hours (GMT) 9530 KHz (3IM BAND) MONDAY 1100 News in Brief/Weather Forecast (Asia Pacific) 1105 Frontiers 1120 Business Market Report 1130 Ful' News 1138 T he Front Page 1140 Take Five 1145 Business world 1200 News in Brief 1205 E Z Beat
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  • SPORTS
    • 612 9  -  Club cites four reasons, including being left out of next year’s S-League By Joe Dorai AUSTRALIAN club Darwin Cubs pulled out of the Tiger Beer Premier League on Thursday. The withdrawal comes five days after the Football Association of Singapore warned the club for botching up
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    • 236 9 WUSHU NG CHENG HYE (above) won Singapore’s first gold medal on Tuesday on the final day of the World wushu championships in Baltimore, United States. The 19-year-old national serviceman mounted the winner’s rostrum in the men’s cudgel event and became the first
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    • 436 9  -  American players in five-team league starting next month By Thomas Koh EXPLOSIVE slam dunks, accurate three-point shooting and pretty pom-pom girls. Basketball enthusiasts can expect to see all these and more when the Tiger Beer Basketball Challenge Singapore’s first semi-pro league kicks off on Sept 30.
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    • 288 9  -  By Hakikat Rai SINGAPORE’S long-distance athletics coach Rainer Paul has resigned. The 54-year-old German leaves midway through his two-year contract with the Singapore Amateur Athletic Association. He did not state the reasons for his departure in his letter to the SAAA but under the
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  • MALAYSIA
    • 545 10 Air travellers with onward bookings can stop over for up to three days: Minister KUALA LUMPUR In a move to boost tourism, the government has decided to allow foreign air travellers who need a visa to enter the country to stay up to 72
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    • 233 10 PENANG Police have arrested a teacher and his 28-year-old son on suspicion of stealing 40 pairs of panties and brassieres from their neighbours, a newspaper reported on Friday last week. The duo’s alleged misdeeds came to light when a neighbour
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    • 320 10 Bernama. PETALING JAYA Malaysian police will go hightech in crime prevention by introducing the Global Positioning System (GPS) technology which will help them in deploying manpower and other resources more efficiently and effectively. Federal Police Signals Unit Chief ASP Atan Aman said
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    • 319 10 NST. KUALA LUMPUR All private colleges and institutions of higher learning will be required to teach Bahasa Malaysia as a compulsory subject once the new Education Act 1995 is passed. If they fail to do so or if they do not
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    • 411 10  -  By Ismail Kassim in Kuala Lumpur PARTI ISLAM president Haji Fadzil Noor and his deputy, Haji Abdul Hadi Awang, were both returned unopposed in the party biennial leadership election. Other top leaders were also expected to be retained by the delegates at the start of
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  • ASEAN
    • 562 11  -  ‘But Philippine media not irresponsible in Flor case’; Paper rebukes PM Goh By Leticia Perez in Manila THE Philippines’ National Press Club on Wednesday welcomed the call of Singapore’s leadership to normalise relations but said that the Philippine media was not irresponsible
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    • 539 11  -  BG Lee’s interview with Indonesian journalists By Paul Jacob Jakarta Correspondent A DYNASTIC approach was not the solution to the issue of political leadership and succession which Singapore has to grapple with as it searches for new and talented individuals to serve as
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    • 351 11  -  PAUL JACOB. DEPUTY Prime Minister Lee Hsien Loong said he believed in the value of growing up in Singapore, doing national service and receiving a basic education in the country as these provided the younger generation his children
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    • 451 11  -  Indochina ventures are best, says Sung Sio Ma By Lee Siew Hua Bangkok correspondent THE appointment of former Singapore Telecom senior executive Mr Sung Sio Ma, by giant Shinawatra telecommunications group of Thailand to head its international investment arm is expected to result
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  • COMMENT / Pick of the week’s editorials
    • 660 12 AUG 25. 1995 A READER wrote to this newspaper to relate how, in spite of winning an appeal with costs, he was left poorer because of his solicitors’ charges, ami asked why a winning party should be penalised for being successful. The Registrar of the
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    • 695 12 AUG 22. 1995 THE Prime Minister’s announcement of a new executive condominium scheme to cater to the rising demand for the top end of public housing, biings to mind the HUDC scheme the Government launched 21 years ago when faced with the same pressure from
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    • 623 12 AUG 21, 1995 THE head of the Civil Service, Mr Lee Ek Tieng, called on top civil servants last week to motivate subordinates by encouraging new ways of thinking and working. “They must help create organisations which display the attitudes of continuing learning and
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    • 825 12  -  By Bob Ng TRAFFIC news has hogged the headlines lately, one of the latest articles being the cover topic in last Wednesday’s Life! Under the banner heading “Jams: A brake on growth", the story tells of the gridlock on many
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  • COMMENT
    • 1107 13  -  By Tan Sai Siong THE other day, a colleague, who had to fetch his car from an open-air carpark, to enable me to get in from the dry comfort of the hotel canopy, threw me a parting shot as he dashed off into the
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    • 909 13  - Will Chee’s high profile win votes or be a turn-off? By Sumiko Tan THE Straits Times is often accused by its detractors of ignoring or censoring news concerning opposition political parties. But if there is one opposition politician who cannot complain about this, it is Dr Chee Soon Juan, secretary-gen-eral
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    • 789 15  -  By Chua Mui Hoong LAST Sunday, Prime Minister Goh Chok Tong reaffirmed a basic tenet of Singapore society with these words: “We must keep Singapore an open society, with few class barriers, where sons from every family serve national service together: where
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    • 1172 15  -  By Richard Lim LAST week, some colleagues and I spent the better part of a morning meeting debating good-naturedly whether there should be more golf courses in Singapore, with our editor playing both devil’s advocate and arbiter. We get into such debates
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  • INSIGHT A LOOK AT THE ISSUES OF THE DAY BY THE STRAITS TIMES POLITICAL DESK
    • 1084 14  -  THINKING ALOUD Asad Latif AN ASTONISHING aspect of the Michael Fay affair was how swiftly it caused some Americans to redraw Singapore as politically and ethnically hostile terrain. As that adverse mapping continues, it raises worrying questions. Washington Post columnist Jim Hoagland made the
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    • 1282 14 FOR us in Singapore, the war came in the form of the Japanese invasion of Malaya, which began in December 1941. Military-wise, it was not much of a war, for within two months the Japanese army
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  • MONEY
    • 7005 16 INDUSTRIAL AND COMMERCIAL Transaction Date: August 25.1995 1995 High Low Company Curr Last Traded Sale OfVol Day '000 High Low Qr's Div Nat MCapWtAvg P/E Smil Price 498 382 ml Acma 50c 468 4 162 470 464 22.5 98 645 2 465 450 450 1 Alex Hldgs
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    • 390 17 THE Singapore was swamped by takeover rumours towards the end of the week. Brokers said the pattern of the past few weeks have been repeated this week, with rumours pushing up share prices of smaller cap stocks. But there was also intermittent profit
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    • 95 17 ST Industrials Index The Straits Times Industrials bides rose 20.70 points on the week to 2125.08. DAY CLOSE TURNOVER Monday 2106 38 200) 125 25m ($*****6m) Tuesday 2105.67 (-0.71) 90 442m ($215.156m) Wednesday 2106.52 (+0 85) 140.15m ($338.379m) Thursday 2086 88 19 64 243 53m ($432 962m) Friday
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    • 460 18  -  By Warren Fernandez m Beijing SINGAPORE firms have invested about US$252 million (*****.4 million) in 135 joint ventures in China's northern coastal province of Hebei, the province’s governor Ye Liansong said on Wednesday. This makes Singapore the seventh largest foreign investor in
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    • 3270 18 CORPORATE RESULTS Net Fam H*N Dali n 1 V n IV iimpans unn (Sm> iNni) (ct»> (eta) vBK Hid*» Vug 1' 1 0 3(4 1 109 0 8 2.5 \i.ma Jun 8 F h5 946 41 18 4 ,S 1 3 Vlc> Midp Jun 26 P
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    • 459 18  -  By Tan Kim Song SINGAPORE saw a better export performance last month, with the total export volume rising 15.7 per cent vear-on-year. compared to 10.3 per cent in June. Re-exports led the surge in July with 25.2 per cent growth,
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    • 309 18  -  By Koh Keat Kian DEVELOPER Kua Phek Long of the Euro-Asia group bought his shares in construction firm Econ International for medi-um-term investment but sold them barely two weeks later as there was an opportunity for a profit.
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    • 204 19 AN AUTOMATED system that helps Singapore Telecom Mobile Link cut congestion in its cellular handphone network has won international recognition from the American Association for Artificial Intelligence. The system, called AutoCell. is one of 17 innovations that will be given the Innovative Applications in
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    • 460 19 Friday August 25 HKS ASM Pacific 7.20 0.050 Allied Ind Int'l .0 45 -0.02 Allied Oversea 0 60 unch Asia Sec lot 2.62 unch Bank of EA 24 80 0 10 C P Pokphand 300 unch COL Hotel 3.65 0 05 Cafe De Coral 1 81 -0 01 Cath
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    • 416 19 Managers’ prices for August 28 Sincapore Unit Trust The Commerce 155-1 64 The Savings Fund 150-159 Spore Prog Fund 0 6?—O 66 S pore Sec Fund 0 91—0 97*d S pore Invest Fund 1 06—112 S pore Equity Fund 0 75-0.80 Credit Lyonnais Int’l Asset Met CL Asia-Pac
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    • 444 19  -  By William Choong and Chee Jann Perng COMPUTER maker Compaq’s Singapore subsidiary cut the prices of its personal computers (PCs) by between 11 and 21 per cent on Friday last week. The reductions were announced by the vicepresident and managing director
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    • 483 19 MR KWEK Leng Bengs City Developments has reported record interim group net profit of $156.8 million well above the expectations of most analysts The net profit figure for the six months ended June 30, 1995 was a 169 per cent improvement
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    • 158 19 COUNTER RATES Singapore dollar* to one unit of foreign currency Buyirtf 00 Se*nt US dollar 1.4128 1 4299 Sterling pound 2.1622 2.2149 Australian dollar 1.0381 1.0703 Canadian dollar 1.0405 1 0654 NZ dollar 0.9053 0.9370 EC unit 1 8226 Singaoore dollar* to 100 of foreign currency unit* Austrian schilling
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    • 207 19 PROPERTY-BASED company United Overseas Land Ltd announced on Wednesday a 35 per cent hike in group net earnings for the six months ended June 30 this year to $25.9 million, largely because of higher investment income The latter rose 57 per cent from
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    • 135 19 Contract data: 25/8/95 CURRENCY 1 MTU 3 MTU 6 MTH 9 MTH 12 MTH CALL VALUE DATE USJ 5 s 5»/* 5V« bV4 bV« 4 44 30 8 9b AS 6’4 7 Vm 714 7 V. 5^4 29/8/95 NZS 8' 2 844 8 >4 n% 7=4 7'4
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    • 475 20  -  Brokers were given notice of planned move five years ago: Anwar By Mary Kwang Hongkong Correspondent THE subject of scripless trading on the Kuala Lumpur Stock Exchange should not surface as an issue between Singapore and Malaysia because the
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    • 361 20  -  70 investors in Malaysia among those affected by freezing of trading accounts By Chan Sue Meng THE Commercial Affairs Department (CAD) has started a probe into an alleged foreign exchange investment scam by Sunny Star Investment Consultants. The investigations, triggered by clients’ complaints,
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    • Indonesians continue buying spree
      • 289 20 MAIN board-listed Pacific Century Regional Developments is selling its interest in Bugis Junction for $l2B million. with the intention of redeploying its funds elsewhere. The buyer, Montien International, whose principle shareholder is Indonesian businesswoman Endang Mokodompit, on the other hand wants
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      • 381 20  -  By Koh Keat Kian IN YET another takeover of a Singapore listed company, a group of Indonesians has launched a bid for construction firm Econ International. United Overseas Bank on Wednesday announced on behalf of Yenville Pte Ltd that the Singapore-incorporated
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    • 362 20  -  By Douglas Wong SINGAPORE has become Indonesia’s fourth largest investor on a cumulative basis, climbing a notch from its fifth position at the end of last year when its approved investments stood at US$B billion (5511.4 billion). Indonesia’s ambassador to Singapore, Mr Soedibyo
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    • 1012 21 rAuc z ■v v s < v IpllipPilllilililil MMNMMIIMMMHIiMMMMMi. -s* V.,.;.> y The Straits Times Weekly Edition mm s-- MUHr «I 'l DBS FINANCE A SUBSIDIARY OF DBS BANK Applications are invited (or suitably qualified candidates (or the following positions: (A) THE MANAGER BUSINESS DEVELOPMENT CORPORATE PLANNING A good university
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  • Page 22 Advertisements
    • 761 22 SINGAPORE F J BENJAMIN HOLDINGS PTE l T 0 F J Benjamin Holdings leads a network of Companies dedicated to the retailing and distribution of lifestyle merchandise in the Asia-Pacific region. To provide professional in-house legal support to the growing demands of our regional and local business interests, we wish
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  • FORUM
    • 656 23 Dr Soin’s proposed Bill a tangible first effort STATISTICS show an increase in spousal violence. However, these are classified mostly as non-grievous injuries which police officers are not empowered by the law to investigate. The onus of protection falls on the victim, not the
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    • 903 23 Crucial in cases where victim fights back DR KANWALJIT Soin’s proposed Family Violence Bill (ST Weekly, July 29) is encouraging. The figures on domestic violence quoted by Dr Soin are extremely worrying. Such violence cannot be treated lightly as it has grave implications.
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    • 874 23 SOME of those who have read your recent article on the proposed Family Violence Bill to be tabled by Dr Kanwaljit Soin will justifiably have real fears that legislating what is essentially a family matter will cut deeply into our cherished view that
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  • 525 24 THE average monthly household income has risen from $1,228 in 1980 to $3,142 in 1994 with the poorest households enjoying the largest income increase. During this period, the income gap between the rich and poor has also narrowed, resulting in an expansion
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  • 328 24 NEW Edusave Merit Bursaries will be introduced next year to help outstanding pupils who come from lowermiddle and lower income homes, Mr Goh Chok Tong announced on Sunday. The bursaries were part of the Government’s efforts to “give all the help it
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  • 513 24  -  By Warren Fernandez in Beijing SINO-Singapore relations are excellent because of the close personal ties between leaders in the two countries and the regular meetings between them. President Ong Teng Cheong said on Tuesday at the start of an eight-day state visit
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