The Straits Times : Weekly Overseas Edition, 9 September 1995

Total Pages: 24
1 24 The Straits Times : Weekly Overseas Edition
  • 21 1 The Straits Times WEEKY EDITION SATURDAY, SEPTEMBER 9, 1995 Price: 5|1.20 (In Singapore) Elsewhere by subscription only MIT A (P) 008/08/95
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  • 791 1  -  Better in most categories, except science, technology By Tan Kim Song SINGAPORE maintained its position as the second most competitive economy in the world this year, while the United States continued to take the top spot, the latest World Competitiveness Report (WCR) has found.
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  • 477 1  -  By Liang Hwee Ting A BANK clerk who stole more than $76 million worth of share scrip from Citibank last year was given seven years’ jail in court on Monday. “I did it for my boyfriend,” Toh Chwee Yong, 29, said
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  • Page 1 Advertisements

  • NEWS FOCUS
    • 874 2  -  $7OO m complex, new housing on the cards By Chua Mui Hoong TOA PAYOH town centre will be turned into a thriving commercial centre in five years’ time as part of a comprehensive strategy to rejuvenate the town. A new $7OO
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    • 468 2 SINGAPORE’S multiracial mix has helped to woo publishing giant Time Life Inc’s Asian headquarters here from Hongkong. The Republic will be its new regional launching pad for "edutainment" books, videos and CD-Roms in Asian languages as well as in English. “We
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    • 453 3 Principals’ Conference ’95 EDUCATORS must revolutionise the way they think about teaching and learn to keep up with the information explosion and globalisation of the world economy. Director of Education John Yip made this call in his keynote address at the
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    • 157 3 BEAUTY AND THE PEACE: Poi* elegance and brains to match, helped Singapore Airlines flight stewardess Jacqueline Chew (above) beat 15 other finalists to clinch the Miss Singapore World title last Saturday! She will represent the Republic in the Miss World (UK) finals at the end of
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    • 338 3 PRINCIPALS will have their own centre next month to swap ideas, do research and attend courses aimed at making them better leaders of Singapore schools. The Principals’ Executive Centre, to be set up at the National Institute of Education, will work
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    • 468 3  -  Police suspect murder a bungled robbery By David Miller A 48-YEAR-OLD woman died in hospital after being stabbed in an Ang Mo Kio lift on Tuesday in an apparent robbery attempt. Madam Kwek Lee Hare, a housewife who was on her way
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  • HOME
    • Article, Illustration
      147 4 Getting to the 27th Singapore International Festival Of Books and Book Fair last Saturday was quite a story for some. When this picture was taken at around 5 pm, it took at least 10 minutes just to push, shove and shuffle across the overhead crossing to the World
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    • 494 4  -  Signs for Potong Pasir, linkway for Nee Soon By Chiang Yin Pheng FOR THE first time, money from a government fund managed by the Community Improvement Projects Committee (CIPC) has been channelled into improvement projects in two Oppositionheld constituencies. One is
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    • 346 4 ACTRESS Norleena Salim was found guilty of stealing a L’Oreal Dualite compact from Smart Supermarket in Marina Square and was fined $l,OOO on Friday last week. Before sentencing. Magistrate Lim Kwee Huat said: “I have learnt that you are accorded with celebrity status in
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    • 487 4  -  By Dominic Nathan ABOUT 10 freight forwarders and air cargo agents were caught recently for failing to declare over $6 million in income, received as rebates from carriers, in their tax returns. Sources said they had to pay the tax authorities
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    • 837 5  -  But whether he could will it away not resolved yet Tussle over $2 million house By Lim Li Hsien LUCKY TAN was of sound mind when he willed half of his $2 million house in the Upper Serangoon
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    • 512 5  -  By Tan Hsueh Yun THE National Kidney Foundation (NKF) wants its share of the house that businessman Lucky Tan willed it. But it said his first wife, who lives in the Upper Serangoon terrace house, can continue to live there
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    • 401 5  -  By Raoul Le Blond A MICROSATELLITE built by Singaporean engineers will be launched into orbit around the earth in 1998. The $7.7 million satellite will allow scientists from the Nanyang Technological University (NTU) to test and develop cheap, direct satellite network links for
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    • 468 6  -  NUS convocation By M. Nirmala THINK of political life as a possibility and a responsibility, said Professor Chan Heng Chee, director of South-east Asian Studies, at a convocation ceremony on Friday last week. She told 580 graduands from the Arts and Social Science
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    • 357 6  -  By Braema Mathi THE architecture students who stood by their cancerstricken classmate Lim Boon Siong celebrated with him when they all graduated together on Thursday last week and gave him a standing ovation for his courage. Mr Lim, 28, collapsed on campus last October and was found
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    • 553 6 Joint venture outbids five others CYBERWAY, a 50-50 joint venture of SPH Multimedia and ST Telecommunications, has secured the licence to be the third Internet access service provider here, with its promise to connect subscribers to the Net within 10 minutes of their
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    • 444 6  -  By Brendan Pereira MORE people will be eligible for free legal help from the Law Society now that the means test for the Criminal Legal Aid Scheme (Clas) has been revised. As of Friday last week, singles who earn up to $B5O
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    • 480 7  -  Two reasons: Shift duties and nursing’s image as a ‘dirty’ job By Indrani Nadarajah THERE were 15 overseas degree scholarships, worth up to $215,000 each for nurses this year, but only two takers. Mrs Margaret Liew Chew Boi, the Director of Nursing
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    • 223 7 MISS Ong Shi Wei had wanted to be a doctor, but her hopes were dashed when the National University of Singapore rejected her application to study medicine. She was offered communications studies at the Nanyang Technological University instead. But
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    • 221 8 TWO “spidermen” (right) from Scotland scaled a 33-storey high sculpture at the Pan Pacific Hotel on Friday last week. They were flown in specially to dismantle the cloth-and-metal sculpture. The hotel’s general manager and executive vice-president, Mr Steve Halliday, said that he had discussed the job with many
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    • 334 8 THE Pan Pacific Hotel is giving away a $700,000 Parisian art piece. But the snag is that the object will not fit into an ordinary flat or house it is 99 m long and 14 m wide. Designed by a renowned
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    • 248 8 IT WAS only a glass box and a PVC pipe, but this device helped four men run an illegal betting information centre. The home-made unit enabled the user to speak to 12 bookies on the telephone simultaneously by talking through the pipe. The callers
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  • Page 7 Advertisements
    • 186 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
    • 1244 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 1220
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  • SPORTS
    • 612 9  -  China’s Feng establishes two records in women’s 5,000 m walk ATHLETICS By Hakikat Rai WALKER Feng Haixia of China turned in the most outstanding performance, rewriting the Singapore AllComers and meet records when she clocked 21min 55.25ec for the 5,000 m on
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    • 668 9  -  B* Hakikat RaL THERE is one lesson to be learnt from last weekend's Nike Singapore Open: local athletics is like a damp squib. Singapore Amateur Athletic Association president Loh Lin Kok had just one word to describe his charges’ showing: “Poor”. Only two athletes, 200-metre
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    • 332 9  -  BADMINTON By Thomas Koh NATIONAL servicemen Tan Sian Peng and Patrick Lau, the two brightest shuttling prospects on the local men’s scene, are $6,110 richer after four days’ work at the Brunei Open last week. The duo beat China’s Sun Quan and
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  • MALAYSIA
    • 394 10 Reuter. KUALA LUMPUR Malaysia has denied that Prime Minister Mahathir Mohamad hated Australia and seemed set on blocking Canberra’s trade initiatives. “For heaven’s sake, nobody hates anybody here. Nobody picks on Australia. Nobody picks
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    • 365 10 Immigration dept clarifies rules to clear confusion AP. NST. KUALA LUMPUR Only Filipino. Indonesian and Thai women could work in Malaysia as maids, and they must be between 18 and 50 years of age, the Immigration Department was reported on Friday last week as saying.
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    • 343 10 NST. KUALA LUMPUR A 67-year-old bomoh was sentenced to six years’ jail by the Sessions Court here last Saturday for raping a 27-year-old woman during a ritual to cleanse the victim’s house of spirits. Mohamed Tahir Abdullah, who had seven
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    • 463 10 Such thoughts barrier to job seekers in industry the field of tourism. Bernama. KUANTAN The government on Monday urged conservative Malays to rid themselves of the misperception that tourism was “unclean and immoral”. The Parliamentary Secretary to the Ministry of
      the field of tourism. Bernama.  -  463 words

  • ASEAN
    • 686 11  -  Brunei Sultan renews call for an earlier target By Tan Kim Song in Bandar Seri Begawan TRADE and Industry Minister Yeo Cheow Tong said on Thursday that the setting up of an Asean Free Trade Area (Afta) by the year 2000 would have
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    • 473 11  -  Ramos denies plan to hold on to power By Nirmal Ghosh Manila Correspondent PRESIDENT Fidel Ramos on Wednesday moved to quash speculation on his future political ambitions, with a strong statement saying he was not interested in staying in power beyond
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    • 39 11 WIDOWS of Filipino veterans who fought in W’orld War II queueing on Sunday at Baguio city, northern Philippines, to attend the ceremonies commemorating Japanese General Tomoyuki Yamashita’s surrender in 1945. Reuter picture. Reuter picture.
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    • 506 11  -  By Nirmal Ghosh Manila Correspondent REPORTED moves to change the Constitution so as to convert the country’s presidential system to a parliamentary one has caused a major controversy in the Philippines because some believe that the change would be used by President
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  • COMMENT / Pick of the week’s editorials
    • 656 12 SEPT 7, 1995 IT IS not always that a monetary organisation tells politicians what they should abjure even in their understandable quest for votes. When it does so intervene, there must be pressing reasons. The International Monetary Fund (IMF) delivered a blunt warning
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    • 624 12 SEPT 6, 1995 IT IS exactly a year since Singapore and Malaysia were shrouded in the dust particles whose innocent-sounding name, the haze, gave little idea of the damage that was done. There is no haze this year, but, once again, the fires are raging out
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    • 640 12 SEPT 5, 1995 RESOURCE-POOR Singapore counts people as its only natural resource, but its small population base makes even this a scarce commodity. Hence the need to ensure that every child here will be educated to bring out the best of his abilities and ensure minimal
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    • 792 12  -  By Sonny Yap PRIVATISED HUDC flats, executive condominiums which go private automatically after 10 years... What will Mr Lim Hng Kiang and company think of next? Well, if you had read an interview with the irrepressible National Development Minister in The
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  • COMMENT/ANALYSIS
    • 1081 13  -  By Tan Sai Siong A READER suggested in a letter to the Forum page the other day that Dr Chee Soon Juan, leader of the Singapore Democratic Party (SDP), had devised a clever underdog strategy to win sympathy from Singaporeans for the opposition
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    • 870 13  -  By Raymond Lim POLITICS should not be left to politicians and political parties, which are necessarily adversarial. Non-partisan citizens engaged in the political process can serve as a moderating influence in political development. Unfortunately, the Government has given few positive signals that would
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  • INSIGHT A LOOK AT THE ISSUES OF THE DAY BY THE STRAITS TIMES POLITICAL DESK
    • 2006 14 Do Opposition-held wards lose out in getting Government funds for community improvement projects? Chiang Yin Pheng finds out. EVERY once in a while in Parliament, Opposition MPs take up cudgels against the frontbench over the Community Improvement Projects Committee or CIPC This
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    • 974 15  -  THINKING ALOUD Han Fook Kwang WHEN HUDC flats were first opened for bookings 20 years ago, 30 security guards had to be deployed to keep the crowd in line, so great was the interest in this high end of the public housing market. Many queued
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    • 1010 15 The Housing Board recently announced a spate of changes in its public housing programmes: introducing executive condominiums, tearing down old blocks and redeveloping entire sites, and giving grants to help young couples set up home faster. Chua Mui Hoong asks property consultant
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  • MONEY
    • 6952 16 INDUSTRIAL AND COMMERCIAL TranMctlon Paf :8ppt 19>S 1986 Curr Last Vol Day Qr'a Nat MCapWtAvg High Law Company Traded tala -foe* '000 High Low Div P/E tmil Prica 520 M2 ml Acma 50c 49« 4-4 118 500 488 22.5 10.4 683.8 495 450 450 1 Alex Hides
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    • 268 17 THE main feature of trading on the local bourse this week is the dramatic change of fortune of Sesdaq stocks. For the best part of the week, retail punters, who had chased Sesdaq counters to dizzying heights, fled on rumours that the settlement
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    • 90 17 ST Industrials Index The Straits Times Industrials Index fel 3.18 points on the week to 2129.35 DAY CLOSE TURNOVER Monday 2117.78 (-14 75) 159.12 m (J317.739m) Tuesday 2114 98 (-2 80) 117.23 m ($211.830m) Wednesday 2125.47 10 49) 124.50 m (J226.973m) Thursday 2122.90 2 57) 122.11 m ($253
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    • 430 18  -  Satellite-based handphone system to be in place in ’9B By Tammy Tan SINGAPORE Technologies and Singapore Telecom have taken on four Chinese partners for their planned USSBOO-900 million (Ssl.l-1.3 billion) satellite-based mobile handphone system for the Asia Pacific, which they
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    • 3211 18 CORPORATE RESULTS Net tarn EPS Date F\ IV IV 1 V umpant ann (Sm) (Sm) (cl*) (ct*) VBK Hldgs Vug 1$ 0.764 1 104 08 2.5 Vies Hldgs Vug 28 F 2 154 12 421 7.2 62.1 Alliance Tech iun 12 F 1 780L 1 5641
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    • 458 18  -  By Cherian George EVEN as some Western publications seem to lace their coverage of this country with arsenic, others have been courting Singapore Inc and its advertising dollars. International business magazines Forbes and Fortune are running special advertising sections on
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    • 234 19 THE search is on for Singapore’s 50 most enterprising private firms. Andersen Consulting and Business Times are inviting to compete for a place in “Enterprise 50”, an annual ranking aimed at recognising the contributions of local companies to the country’s economic growth.
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    • 456 19 Friday Sapt HK* ASM Pacific 7 40 unch Allied Ind Int'l 0 47 001 Allied Oversea 0.61 0 01 Asia Sec Int 2.60 unch Bank of EA 25.20 0 35 C P Pokphand 3.08 unch CDL Hotel 3.58 -002 Cafe De Coral 1 83 0.01 Cath Pac Air 12.05
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    • 410 19 Managers’ prices for Sept 11 Singapore Unit Trust The Commerce 1.54 —1.63 The Savings Fund 1.49 1 58 S pore Prog Fund 0.61—0 65 S'pore Sec Fund 0.90 —0 95*d S pore Invest Fund 1.07—1.13 S'pore Equity Fund 0.74 —0.79 Credit Lyonnais Int'l Asset Mgt CL Asia Pac
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    • 625 19 Consortium in deal to buy 55.8% stake YET another listed company in Singapore, Asiamatrix, has fallen into Indonesian hands. The Sesdaq-listed electronics company said it had been informed that two major shareholders had agreed to sell a total of 55.84
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    • 598 19  -  By Kalpana Rashiwala SINGAPORE hotels are unlikely to repeat 1994’s buoyant growth this year or next, with the supply of rooms outstripping demand. Food and beverage sales, the other key source of income, also face increased competition from the likes of Clarke Quay
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    • 145 19 COUNTER RATES Singapore dollars to one unit of foreign currency Buying 00 Seini US dollar 1.4142 1.4314 Sterling pound 2.1738 2.2268 Australian dollar 1.0503 1.0828 Canadian dollar 1.0461 1.0712 NZ dollar 0.9070 0.9389 EC unit 1.8208 Singapore dollars to 100 of foreign currency units Austrian schilling 13.3499 13.9658 Belgian
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    • 117 19 Contract data: Sapt 8, 1995 CURRENCY 1 MTU 3 MTH 6 MTH 9 MTH 12 MTH CALL VALUE DATE USS 5*4 5 '/4 5 '4 54 5 4»» 12/9/95 A$ 7 7 74 74 7 54 12/9/95 NZS 9 84 84 8 7V« 74 12/9/95 STG 6
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    • 490 20  -  But market still healthy, say consultants By Kalpana Rashiwaia THE percentage of condominiums that were occupied at the end of the second quarter edged down 1.2 percentage points to 92.6 per cent from the figure at end-March, according to figures released
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    • 315 20 ALL the 40 units on offer at the first condominium along the Singapore River, The Quayside, were snapped up on Tuesday by Indonesian and local investors hoping to rent them out to expatriates. Sole marketing agent Jones Lang Wootton (JLW) said 30 units
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    • 280 20 A SINGAPORE consortium has linked up with a Chinese partner to manufacture automotive metal components in China, as a first step towards penetrating the Asia-Pacific market. Three companies Serabawang Industrial, Seksun Precision Engineering and KMP China Investments formed the Sembawang Seksun Asia
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    • 305 20 SCOTLAND hopes to lure more Singapore investors through a cooperation agreement signed on Friday last week between its government development agency and the Singapore Manufacturers Association (SMA). Under the memorandum of understanding, Singapore manufacturers intending to do business in Scotland will
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  • Page 21 Advertisements
    • 803 21 SINGAPORE POOLS (PRIVATE) LIMITED invites suitably qualified candidates for the following positions: EXECUTIVE OFFICER (COMPUTER OPERATIONS) The Job You will evaluate hardware and operational procedures in computer operations and assist in various related projects. You are also required to evaluate system security and recommend appropriate security measures for implementation. The
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  • Page 22 Advertisements
    • 907 22 SIEMENS Assistant Commercial Manager quotations Degree in Business Administration or its equivalent Siemens is one of the world's leading electrical engineering and electronic companies providing high-quality products and services for many applications. Our Private Communication Systems Group is a world leader in the area of business communications. With the rapid
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  • FORUM
  • Page 23 Advertisements
    • 123 23 Dear Readers, THE Straits Times welcomes letters from you. Your letters must include your signature, full name, address and home and office telephone numbers. We do not accept for publication letters from writers who decline to give their names. This rule will be waived only in very exceptional circumstances, such
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  • 693 24  -  HScheme mainly for mature HDB estates near city: Lim Hng Kiang By Chua Mui Hoong REDEVELOPMENT, in which old Housing Board blocks are demolished to make way for new ones, is a must if the nation is to continue its progress, National Development Minister
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  • 189 24 NINE orange Merlions spouted water into a pool, a dragon turned around to look at the crowd and fairies cavorted on a giant carp. No, it was not Disneyland. Rather, these mythical creatures were lanterns which came to life on Monday at the
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