The Straits Times : Weekly Overseas Edition, 17 February 1996

Total Pages: 24
1 24 The Straits Times : Weekly Overseas Edition
  • 21 1 The Straits Times WEEKLY EDITION SATURDAY, FEBRUARY 17, 1996 Price: 551.20 (in Singapore) Elsewhere by subscription only MIT A (P) 008/08/95
    21 words
  • 293 1 Asian Aerospace ’96 PRIME Minister Goh chok Tong, who toured Asian Aerospace '96 on Sunday, said he was confident that Singapore would retain its position as the biggest aerospace exhibitor in Asia. "There is no way we can be number one because the
    – Picture by TAN SI AN ANN.  -  293 words
  • 673 1  -  The Government will review SP’s readiness for listing in the next few years, after SP has adapted to the new operating environment and has been put on a sound financial footing. But no target date has been set. It is not earning adequate
    673 words
  • 265 1 SINGAPORE Power (SP) will raise tariffs between 12 and 14 per cent over the next three to four years, Trade and Industry Minister Yeo Cheow Tong said on Monday. But the hikes will have a minimal impact on households, he said. Mindful of the
    265 words
  • Page 1 Advertisements

  • NEWS FOCUS
    • 442 2 Bloomberg. SINGAPORE has barred five foreign companies from new government contracts for five years after they were named in one of the country’s biggest corruption cases, a government official said. Tomen Corp. and Marubeni Corp. of Japan, BICC Cables Pic
      Bloomberg.  -  442 words
    • 544 2  -  By Ginnie Teo OVERALL crime rates continued to dip last year (or the seventh year in a row, but police have warned against complacency. The number of major offences committed last year was 48,453, a drop of 363 cases
      Tinwsgrapbics; Sowm: Police Intelligence Department  -  544 words
    • 768 2  -  Filipino maid’s death fall By Tan Ooi Boon THE fall of a Filipina maid and a four-year-old boy from a Housing Board flat last December was an accident, the Coroner’s Court said last Saturday. In recording a verdict of misadventure, State Coroner
      768 words
    • 332 2 IT WAS easy work for a conman who pretended he was a policeman to cheat a moneychanger of almost half a million dollars. Mr Syed Mohammed Sadik, 42, who runs a mon-ey-changing slum on the fourth storey of City Plaza in Paya Lebar, was
      332 words
    • 558 3  -  By Walter Fernandez THE Public Service Commission on Thursday launched two new scholarships and improved the terms of an existing one to ensure that it could continue to attract top talent to the Civil Service. The new scholarships are the Foreign
      558 words
    • 215 3 GETTING A BETTER MIX THE Public Service Commission is making a deliberate effort to encourage potential scholars to apply for admission to universities in the United States during their second-year of junior college. According to PSC Secretary Lim Hup Seng, the commission
      215 words
    • 757 3  -  BG Lee on SDP’s polls strategy By Warren Fernandez DEPUTY Prime Minister Lee Hsien Loong on Sunday dismissed as “shameful, but not out of character” the Singapore Democratic Party’s recent statement that it would adopt a by-election strategy for the next General
      757 words
    • 425 3 HONGKONG Universities in Hongkong have confirmed what many British academics have long suspected: Alevel standards in Britain are not what they used to be, a British newspaper reported. Indeed, the Hongkong academics look down on British A-level grades to such an extent that in some
      425 words


  • HOME
    • 659 4 Car owners can hire out their cars next week FOR the first time private car owners will be allowed to rent out their cars to help ease the public transport squeeze during the festive season next week. The Land Transport Authority said on Sunday
      659 words
    • 430 4 THE Housing Board should consider changing its pricing policy in order to encourage more women to stay at home to care for their children during the formative years, a National University of Singapore economist said on Friday last week.
      430 words
    • 261 4 300,000 spots of gum found in Oxford Street LONDON Chewing gum has lost favour in Britain, where a campaign has been launched to keep the sticky stuff off the streets. According to a report in the Sunday Telegraph, chewing-gum maker Wrigley's
      – Picture by Tim Cuff of Apex Photo Agency.  -  261 words
    • 350 4 Off to Kuala Lumpur for lunch by electric train Pan-Asian rail link to China a possibility: PM OUT of one’s home, on to the MRT and then switch to an electric train to go to Kuala Lumpur for lunch. This may be possible in six to seven years’ time. And
      350 words
    • 669 5  -  Appeal court increases first court’s amount by 10 times IN THE COURTS n By Brendan Pereira AN ACCOUNTANT was ordered by the High Court to pay Lotus Development US$2.3 million (553.2 million) in damages and interest for distributing pirated computer software and
      669 words
    • 507 5  -  By Elena Chong THE Chief Justice on Tuesday warned a renovation contractor, who had been acquitted of molesting a model, that he would be jailed and caned the next time he did it. CJ Yong Pung How, who dismissed the prosecution’s
      507 words
    • 336 5 THE traditional lion dancer has met its match in a robot lion that tilts its head from side to side, flaps its ears in perfect rhythm to the beat of drums and even bats its eyelashes. At the press of a button,
      336 words
    • 403 6  -  Asian Aerospace ’96 By Lee Yee Hwa and Rav Dhaliwal SHUTTERBUGS, souvenir hunters, plane lovers, and families just looking for an outing were among the 24,000 people at the Asian Aerospace '96 on Sunday, the last day of the show. Although
      Picture by TAN SUAN ANN.  -  403 words
    • 237 6 THE Singapore Aviation Academy has won an international award for the courses it conducts for airport staff from all over the world. This is a first for Singapore and the academy, which uses high-technology simulators to train air-traffic controllers and other airport
      237 words
    • 409 6  -  By Paul Jansen MAGELLAN, one of the top online directories of World Wide Web sites around the globe, has given The Straits Times Interactive its highest ranking of four stars. The team which reviewed the electronic version of this 150-year-old newspaper gave
      409 words
    • 465 6 THE body of a Bangladeshi worker who died here was sent by mistake to Thailand in place of another Thai who also died in Singapore in an accident. The family of the Thai is now refusing to release the Bangladeshi’s body until
      465 words
    • 395 7 DR OW Chin Hock on Monday defended the Government’s detention of the late Mr Lim Chin Siong, saying that if Mr Lim’s Barisan Sosialis had gained power, Singapore would have become a communist country. The People’s Action Party organising secretary was
      395 words
    • 497 7 SINGAPORE Democratic Party secretary-general Chee Soon Juan on Monday said that his party will stick to its game plan of fighting the next general election as a by-election despite taunts from the People’s Action Party (PAP). In a statement to the press, he
      497 words
    • 303 7  -  By Eliza Teoh THE Housing Board plans to buy up to 2,000 three-room flats and spend up to $BO million in subsidies this year under its buy-back scheme, National Development Minister Lim Hng Kiang said on Wednesday. Under the scheme which was
      303 words
    • 446 8 Contractors threaten legal action against decision THE Consumers Association of Singapore (Case) has challenged four blacklisted contractors to take it to court, as they had said they would. On Friday last week, the companies A. A. Electrical and Plumber Service Contractors, A. A. Brothers
      446 words
    • 272 8 MACAWS, cockatoos, lories and other parrots at the Jurong Bird Park are now under one roof at its latest attraction. Parrot Paradise. Health and Information and the Arts Minister Brigadier-General (NS) George Yeo opened it last Saturday. With his wife Jennifer and three of
      Picture by ALI YUSOFF.  -  272 words



  • Page 7 Advertisements
    • 197 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,
      197 words

  • Page 8 Miscellaneous
    • 1245 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 4 Market Report 1130 Full News 1138 The Front Page 1140 Take Five 1145 Business world 1200 News in Brief 1205 E Z Beat
      1,245 words

  • SPORTS
    • 473 9  -  By Shirlynn Ho-Pereira THE race for sporting honours has heated up. When entries closed, there were nine names in the running for sports’ highest accolades handed out by the Singapore National Olympic Council. The nominees for the 1995 Sportsman of
      473 words
    • 231 9 IF THERE should be a Good Sport Award, it will not come from the Singapore National Olympic Council. For the SNOC told Timesport that it will not create a separate category of awards for which the criterion is not performance-based. Timesport had suggested in a
      231 words
    • 218 9 Coach of the year Mike Boroskae (bowling) William Woo (bowling) Eric Yeo (water polo) Zhou Shusheng (wushu) Joe Chan (yachting) Team of the year Five-man squad (bowling) Women's trios (bowling) Water polo Siew Shaw Her and Charles Lim (yachting) Squash (men) Merit awards James Wong (athletics) Wong
      Timngraphics; Source: SNOC  -  218 words
    • 223 9 BODYBUILDING BODYBUILDER Jojo Sinclair's appeal deadline against a life ban from the sport has been extended from the 16th to the 29th of this month. This follows a request submitted by her lawyer Edmond Pereira to the International Federation of Bodybuilders. Said
      223 words
    • 518 9  -  Coach ups tempo after good showing BOWLING By grade themselves. By Shirlynn Ho-Pereira. THERE is a four-letter word to describe national bowling coach Mike Boroskae’s 19% diary full. The Canadian is hardly slowing down in the wake of the sport s successful South-east
      518 words

  • MALAYSIA
    • 400 10 NST. KUALA LUMPUR Malaysian port authorities and shippers are now working to ensure that export-bound cargo from Penang will go to Port Klang instead of Singapore. A meeting was held in Penang on Wednesday to work out strategies to
      NST.  -  400 words
    • 553 10  -  By Ho Wah Foon in Kuala Lumpur THE new 88-storey twin towers, owned largely by state oil company Petronas and said to be the tallest buildings in the world, tilt by 5 cm when strong winds blow but this is within
      88-storey twin towers. — Reuter picture.  -  553 words
    • 162 10 PENANG A 38-year-old woman who owns a luxury car was arrested for allegedly attempting to pick the pocket of a commuter at a bus terminal here recently. According to The Star newspaper on Thursday, the woman lived in a wealthy area on the island and
      162 words
    • 353 10 Bernama PASIR PUTEH (Kelantan) Prime Minister Datuk Seri Dr Mahathir Mohamad has said there is no reason for Malaysians to be poor in their own country which is so peaceful and rich in natural resources. They should use their energy, time
      Bernama  -  353 words
    • 399 10  -  By Ho Wah Foon in Kuala Lumpur ALL 13 state governments in Malaysia have agreed to cut down on unnecessary imports to help the federal government reduce the worrying large trade deficit, Deputy Prime Minister Datuk Seri Anwar Ibrahim said
      399 words

  • SOUTH-EAST ASIA
    • 473 11  -  By Lee Siew Hua and Sinfah Tunsarawuth BANGKOK The Banharn government has decided to push ahead with a proposed land bridge linking the Andaman Sea with the Gulf of Thailand, a project which would compete with the shipping routes in the congested Straits
      TimttamUfl  -  473 words
    • 73 11 A WORKER placing new pillow covers on a 1954 convertible Buick converted into a bed in one of the rooms at the Victoria Court motel in suburban Manila on Sunday. Unlike standard hotels, the motel offers three-hour short-time rates and a variety of themes to attract
      AFP picture.  -  73 words
    • 507 11  -  By Paul Jacob Jakarta Correspondent PRESIDENT Suharto has warned Indonesia’s press that it could lose credibility with the public if it chose to pursue commercial goals and sensationalism instead of adopting an outlook which would assist the country’s development
      507 words
    • 404 11  -  By Satwant Kaur in Phnom Penh DESPITE the challenges and obstacles that lie ahead, Cambodia will be ready for Asean membership next year. Foreign Minister Ung Huot has said. “We are preparing for that and we are working very hard. We believe we
      404 words
    • 265 11  -  By Leticia Perez in Manila PHILIPPINE Foreign Affairs Secretary Domingo Siazon indicated on Thursday that the ban on sending Filipino maids to Singapore might be lifted soon. “We will come to a decision very soon,” he said when asked by
      265 words

  • COMMENT / Pick of the week’s editorials
    • 670 12 FEB 17. 1996 A PAN-ASIAN high-speed rail network stretching from Singapore to Kunming in the south-west China province of Yunnan, as proposed by the Malaysian Prime Minister, is an idea which is as expansive as Asia’s growth potential is boundless. That is, it can be
      670 words
    • 692 12 FEB 15. 1996 THERE might be something to be said in this age of conspicuous consumption for the banker who lives up to Dr Samuel Johnson’s description of lending an umbrella when it is sunny, and taking it back when it rains. But. of course,
      692 words
    • 697 12 FEB 14, 1996 SINGAPOREANS know this housing scenario well. Sales launches draw overflowing crowds. Queues are not uncommon. Within days, advertisements appear proclaiming “first phase 90 per cent sold". House buyers also notice in the ads some hard-won units being offered at a tidy premium.
      697 words
    • 846 12  -  By Bob Ng IHAVE not seen so many grown men cry openly. And it was at a function one should not shed tears over. The place: The Central Manpower Base at Depot Road. The occasion: Enlistment Day for boys going
      846 words

  • COMMENT / ANALYSIS
    • 1356 13 S’pore: A little tinder sparking some fire and shedding some light The six-day World Economic Forum meeting in Davos, Switzerland, ranged over many important issues of concern to the international community from the Bosnian peace process to prospects for European monetary union and global security arrangements. But there was time,
      1,356 words
    • 632 13 IT WAS a dramatic moment when a man in a brown jacket jumped to his feet on Feb 3 in response to invitations for questions during a panel discussion on new approaches to political leadership. “William Safire, New York Times," the man announced. The
      632 words

  • INSIGHT
    • 395 14 Chee-Matthias saga when will it end? What do political observers make of the on-going Chee Soon Juan-Matthias Yao exchange on whether they should fight it out in MacPherson at the coming General Election? Ng Wei Joo and Chung Tsung Mien find out. THE on-going Chee Soon Juan-Matthias Yao exchange has
      395 words
    • 527 14 THE PAP has the legal right to hive off MacPherson from the rest of Marine Parade GRC, said constitutional lawyer Kevin Tan. He pointed out that, under Section 8 of the Parliamentary Elections Act, "the Minister may, from time to time, by notification in the Gazette, specify
      527 words
    • 617 14 WHY did Dr Chee twice declare that he would contest MacPherson, only to have his central executive committee clarify that he has, in effect, no say on the matter? Some observers are wondering if he might not be performing a political wayang kulit: putting on a
      617 words
    • 547 14 MOST of those interviewed said they had grown weary of the exchange, adding that it had become nothing more than an exercise in one-upmanship. Generally, many said they had lost interest because they felt it had taken on a personal slant with little discussion
      547 words
    • 1170 15 Some members of the Muslim community were upset recently when Community Development Minister Abdullah Tarmugi announced that transsexual marriages would be allowed under a revamped Women’s Charter. They claimed that, as Minister in charge of Muslim Affairs, he should not have
      1,170 words
    • 974 15  -  THINKING ALOUD Leslie Fong NOWHERE else in the world is the challenge of having only the best in government taken as seriously as in Singapore, and Singaporeans should be thankful for that. A seasoned Asian diplomat who has observed and reported on
      974 words


  • MONEY
    • 7408 16 INDUSTRIAL AND COMMERCIAL Transaction Data: Fab 16.1996 1996 Low Curr Laet Vol Day Qr't Nat M CapWtAvg High Company Traded Sale -for000 High Low Div P/E Smil Prica 214 176 Acer 50C US 189 -i 162 18« 188 12.7 3129 494 318' m t Acma 50c 434
      7,408 words
    • 336 17 THE Singapore market see-sawed in the last week of the lunar year of the pig as foreign funds took advantage of market weakness to pick up blue chips. The central event during the week was the deferment of the listing of Singapore Power for
      336 words
    • 94 17 ST Industrials Index The Straits Times Industrials Index tel 2.56 points on the week to 2453.88 DAY CLOSE TURNOVER Monday 2413 59 42.85) 110.12m ($261 704m) Tuesday 2422 67 (+9 08) 109.57m ($320 231m) Wednesday 2401 79 (-20 88) 97 958m ($290 807m) Thursday 2439.21 37 42)
      94 words
    • 521 18  -  Net losses incurred by the rest last year, says board By Jean Chia ONLY 16 per cent or 60,000 of Central Provident Fund (CPF) investors earned profits from share investments for the year ended September 1995. The other 84 per cent incurred net losses.
      521 words
    • 1775 18 Company Is Not oom TV LV <Sm) <$m> EPS TV LV lets! (eta) A cm* Sop tt 1 8.202 5.716 20.8 35.5 Aise* Oct 30 P 8737 2.I75L 8.5 Ai#I Hidgs Doc 14 1 1.159 1896 3.9 95 Aieoro* Sop 14 1 14 510 9373 11.4 7.4 Ailiant*
      1,775 words
    • 354 18 Paymant (%> Ci d«tt Books ClOfO Pay data Asaan fa r IOOTF. Mar 19 Mar 25 Apr 3 Asia Pacific r ION Mar S Mar 11 Mar 20 Avimo 20C F 13.75TE Fap 12 Fab 16 Mar 13 Banava Group 1 5 Mar 4 Mar 18 Apr 8
      354 words
    • 151 18 Company Piece Date Time Kl Kepong t Wisma TalKo, 1 Jin S P Seemvasegam ***** ipoh, Malaysia Feb 12 11.30am Tuan Sing t 30 Robins on Rfl, Feb 15 10.00am Hldgs «12 01 Robinson Towers (*****6) H Leonq ma c Conference Room. Level 9. Wisma Hong Leong. 18
      151 words
    • 562 18  -  By Narendra Aggarwal THE taxman’s collection hit a record $l4 billion last year, up a healthy 7 per cent despite the generous tax rebates given by Finance Minister Dr Richard Hu in the last Budget. New Inland Revenue Authority of Singapore
      562 words
    • 186 19 EXPRESS delivery company TNT Express Worldwide said on Wednesday it was considering relocating to new facilities in what could be a multi-million dollar investment. Mr Richard Beere, managing director of TNT Express’ Singapore operations said the company’s premises at Eunos should reach
      186 words
    • 426 19 Friday Fab 16 HKS ASM Pacific 7.40 0.200 Allied Ind Int'l 0.37 0.01 Allied Oversea 0.58 0.01 Asia Sec Int 2.90 0.05 Bank of EA 33.20 0.80 C P. Pokphand 4 00 0.05 CDL Hofei 4.15 -0.10 Cafe De Coral 2.33 -0.05 Cath Pac Air 14 05 -0.25 Century
      426 words
    • 505 19 Managers' prices, Feb 22 Singapore Unit Trust The Commerce 1.75—1 85 The Savings Fund 1.72—1.82 S pore Prog Fund 06/-0 71 S pore Sec Fund 1.02-1.08 S pore Invest Fund 120-127 S pore Equity Fund 081-0 86 Credit Lyonnais Inti 1 Asset Mgt CL Asia Pac Gr Fund
      505 words
    • 598 19 SINGAPORE Power (SP) expects to see net earnings of about $450 million this year, going by commercial accounting standards, chairman Ho Kwon Ping said. But it aims to raise its return on equity (ROE) to 10-11 per cent from the current 7.6 per cent
      598 words
    • 462 19 Solid growth will make up partly for slide in property gains FRASER Neave (F&N) expects future earnings growth to be boosted by improved contributions from its soft drink division as its regional ventures get under way, said group chairman Michael Fam
      462 words
    • 158 19 COUNTER RATES Singapore dollars to one unit of foreign currency Buyjnj 00 SHfrij US dollar 1.4028 1.4194 Sterling pound 2.1392 2.1928 Australian dollar 1 0503 1.0839 Canadian dollar 1.0070 1.0314 NZ dollar 0.9383 0.9708 EC unit 1.7812 Singapore dollars to 100 of foreign currency units Austrian schilling 13.3317 13.9425
      158 words
    • 137 19 Contract date: Feb 16, 1996 CURRENCY 1 MTH 3 MTH 6 MTH 9 MTH 12 MTH CALI VALUE DATE uss 4 '4 444 4 2 4 1 4 41, 4 '4 20/2 96 A$ 64 6'. 66 4 6 8/ 5H 20/2/96 NZS r-2 7 >4 V
      137 words
    • 648 20  -  It hopes promising ones will go on to become MNCs By Narendra Aggarwal THE Government is committed to helping promising local enterprises grow in the hope that they will graduate to become multinational corporations, said Minister for Trade and Industry Yeo Cheow Tong. He
      648 words
    • 934 20  -  URA reveals 7,338 new units remain unsold By Kalpana Rashiwala and Ann Williams IN AN unprecedented move, the Government on Friday last week revealed the sales status of individual private residential projects, informing potential buyers that there are 7,338 unsold new units
      934 words





  • Page 21 Advertisements
    • 784 21 The Straits Times W eekl\ Edition WWM nßnH i 1 ggsg&ig «ll Sill '\itn Singapore Airport Terminal Services or SATS as we are better known, is a wholly-owned subsidiary of Singapore Airlines. We provide airport ground handling services to more than 55 scheduled airlines operating through Singapore Changi Airport. EXECUTIVE
      784 words

  • Page 22 Advertisements
    • 569 22 a s Mom says Motorola is a caring company that enriches *1 VC 71 our family life, 1 I Iya Motorola cares and that's why our benefits and other employee relations programs are designed to add quality to your life. We want to play our part in enriching not just
      569 words

  • FORUM
    • 1054 23 On reckless and drunken drivers I REFER to the recent correspondences by your readers on deterrent punishments for reckless drivers. There seems to be a prevailing view that the punishments prescribed in our criminal statutes are insufficient to meet the
      1,054 words
    • 199 23 I AM among the older generation of Singaporeans who are especially saddened by the passing of Lim Chin Siong. The irresistible tidal wave of anti-colonialism which convulsed Singapore in the fifties up to the mid-sixties found in him its leading and most
      199 words
    • 498 23 I REFER to the recent exchanges in the columns of The Straits Times regarding Dr Chee Soon Juan’s earlier challenge to Mr Matthias Yao to contest him in the coming general election and their subsequent agreement to have an electoral stand-off at
      498 words
    • 526 23 IN HIS letter “Dr Chee should now keep faith with himself' (adjacent fetter), Mr Pang Wing Seng defended the PAP and attacked the SDP. He first says that, if I do not contest in MacPherson, I cannot expect the PAP not
      526 words

  • 810 24  -  System to cost s3oom; PM Goh opens Woodlands MRT line By Leong Chan Teik SINGAPORE’S first light rail train is coming to Bukit Panjang in three years, Prime Minister Goh Chok Tong announced last Saturday when he opened the Woodlands MRT
    Picture by LIM SENG TIONG.  -  810 words
  • 127 24 BUDGET Day 1996 is Wednesday, Feb 28. Debate on the Budget statement and the estimates for financial year 1996 will take place from March 11 to 21, except for the intervening Saturday and Sunday, said a statement from the Clerk of Parliament last Saturday. When
    127 words