The Straits Times : Weekly Overseas Edition, 22 June 1996

Total Pages: 24
1 24 The Straits Times : Weekly Overseas Edition
  • 20 1 The Straits Times WEEKLY EDITION SATURDAY, JUNE 22, 1996 Price: 551.20 (in Singapore) Elsewhere by subscription only MITA (P) 008/08/95
    20 words
  • 709 1  - Bintan projects boost S’poreJakarta ties PM Goh and Suharto stress mutual benefits By Chua Mui Hoong in Bintan, Indonesia PRIME Minister Goh Chok Tong and Indonesian President Suharto on Tuesday opened the Bintan Beach International Resort, developed jointly by Indonesia and Singapore, and said that such economic cooperation would bring
    national Resort, which also celebrated its official opening on Tuesday. Picture by GEORGE GASCON.  -  709 words
  • 756 1  -  By Wang Hui Ling NINE in 10 Housing Board flat residents polled in a survey commissioned by The Straits Times said they were satisfied with their HDB flats and estates, while seven in 10 credited their MPs with having improved their
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  • NEWS FOCUS
    • 794 2 PRIME Minister Goh Chok Tong said on Thursday that he was confident that India's economic reforms had taken off and there would be no U-turn follow ing the change of government after the recent elections. He had concluded even before the general election
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    • 553 2  -  By Allison Lim IN A dramatic demonstration of a mother’s love, housewife Poh Siew Kuan underwent a major operation on June 8 to give her 19-month-old son a part of her liver. It was transplanted into the toddler, who
      Picture by AZIZ HUSSIN.  -  553 words
    • 549 2  -  By Elena Chong THIRTEEN young women aged 17 to 25 who were involved in a Clarke Quay brawl last December were fined between $2,000 and $4,000 on Monday for being members of an unlawful assembly. Two of them, marketing executive Teo
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    • 760 3 She tricked people systematically over five years FORMER heiress, top model and convicted drug trafficker May Wong closed another chapter of her colourful life on Wednesday when she was jailed eight years on cheating charges involving nearly half a million
      File picture.  -  760 words
    • 504 3 MORE Division One officers in the civil service will be eligible for variable performance bonuses from July 1. And new clerks and other Division Three officers are set to get higher starting salaries in new schemes to be announced later this
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    • 457 3  -  By Geraldine Yeo SAFETY incentive schemes introduced by bus operators this year have resulted in more drivers nav ing accident free records, said Dr John Chen, NTUC Assistant Sec-retary-General. He was speaking in Mandarin at a seminar on safety in the public bus transport industry
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  • HOME
    • 687 4  -  Good grades alone are not enough for new NUS talent development programme By M Nirmala DISTINCTIONS alone will not guarantee a place in the National University of Singapore’s new talent development programme. Interest and potential are what Science Faculty lecturers are looking for m freshmen
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    • 351 4  -  -By M. Nirmala. IN A small air-conditioned room with no escape vents, Associate Professor P. Gopalakrishnakone works with poisonous snakes, spiders and scorpion? “It’s a high-security room kept under lock and key,” said the National University of Singapore don who, for the past 25 years,
      Picture by LAU FOOK KONG.  -  351 words
    • 534 4 For the majority, the real dream has been achieved: Sinnakaruppan ONLY a very small group of Singaporeans equate the Singapore Dream with owning private property, an MP said last Saturday. Mr R. Sinnakaruppan said these were university and top polytechnic
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    • 883 5  -  Strong resistance to Republic losing its identity even if it gained benefits in return SM’s remarks on Singapore rejoining Malaysia By Teo Huei Huei and Goh Chin Lian SIX out of 10 Singaporeans polled were against the idea of Singapore rejoining Malaysia saying,
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    • 368 5 LESSONS FROM THE PAST THE life of Qu Yuan, an upright politician during China’s Warring States period (475-221 BC), shows the importance of having good leadership and a clean political system, said Senior Minister of State for Community Development Ch'ng Jit Koon on
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    • 487 5  -  By Ahmad Osman CIVIL servants will receive an overall NWC wage adjustment of 6.5 per cent this year one percentage point more than last year. This would work out in many cases to be $45 plus 1.62 per cent of their
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    • 974 6  -  TVs, refrigerators and phones owned by most people Household Expenditure Survey 1992/1993 By Jason Leow MANY Singapore homes are well-stocked with consumer products with, predictably, richer households owning more expensive items such as Kersonal computers and andphones. The Household Expenditure Survey 1992/1993 found, for
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    • 639 6  -  By Walter Fernandez THE Singapore Democratic Party (SDP) and the Singapore Malav National Organisation (PKMS) on Sunday released a joint report arguing that the cost of living in Singapore has increased faster than wages. The SDP-PKMS Cost of Living Report 1996
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    • 468 7  -  By Fong Mue Chern SINGAPORE has one of the lowest death rates related to pregnancy and childbirth in the AsiaPacific region and in the world. It also has 100 per cent attendance of primary-school age girls in school, said a
      Sourer Unicef  -  468 words
    • 388 8 THE Government will ensure that public transport remains affordable, Communications Minister Mah Bow Tan said on Sunday, It was true, he said, that private transport costs had gone up considerably, but he noted that most Singaporeans used public transport and said it would remain
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    • 230 8  -  Picture and story by Lillian Foo EIGHT-YEAR OLD Chung Guo Rong (above) ties up loose ends before joining his teammates on the field at the Kidsoccer Camp organised by NTUC Club. The Primary 2 pupil from Kuo Chuan Presbyterian Primary and 99 other boys
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  • Page 7 Advertisements
    • 87 7 CALL FOR LESS N.E.T: 24 Hours A Day, 7 Days A Week For Your Home or Business SINGAPORE usso.26/min FROM U.S.A. All calls are billed in 6 seconds increments with 30 seconds minimum AUSTRALIA usso.2s/mtn FRANCE usso.36/min GERMANY usso.39/m.n HONG KONG usso.4l/m»„ JAPAN US$O.33/mln KOREA usso.69/m*n MALAYSIA usso.99/min NEW ZEALAND
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    • 191 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
    • 633 9  -  Fandi’s equaliser enough to seal title for Geylang S-League soccer result: Woodlands Wellington 2 Geylang United 2 By Tay Cheng Khoon ANYONE who wonders why Fandi Ahmad still commands such a strong following in Singapore sport should have been at the National Stadium last
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    • 76 9 P W D L F A Pts Geylang 14 9 1 4 27 14 28 Woodlands 14 8 2 4 25 20 26 Balestier 14 7 3 4 22 18 24 SAFFC 14 5 3 6 27 25 18 Tiong Bahru 14 4 3 5 20
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    • 811 9  -  by Shirlynn Ho-Pereira YACHTING I AM ready for Savannah. With that quiet, confident dec laration, Sportsman of the Year Benedict Tan said goodbye to Singapore on Monday as he left for tne Olympics in the United States. Savannah, an hour's flight from Atlanta
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  • MALAYSIA
    • 371 10 Minister calls for national debate on issue Road rage in Malaysia -NST. KUALA LUMPUR Transport Minister Datuk Seri Dr Ling Liong Sik, alarmed over a recent spate of road rage, wants the authorities to whip or jail violent motorists. He said he preferred
      -NST.  -  371 words
    • 534 10 Joint meeting also reaches agreement on 27 other issues cii uy uic iwu WU11U1C9 w u auc and economic cooperation. Bernama. PENANG Malaysia and Indonesia have agreed to set up a task force to facilitate the issue of visas to
      cii uy uic iwu WU11U1C9 w u auc and economic cooperation. — Bernama.  -  534 words
    • 318 10 Bemama. WASHINGTON Prime Minister Datuk Seri Dr Mahathir Mohamad is seeking the help of Microsoft founder Bill Gates to create Malaysia’s own Silicon Valley. Sources said that Dr Mahathir, who was spending part of his vacation in Victoria, Vancouver, made a
      – Bemama.  -  318 words
    • 309 10 KUALA LUMPUR PAS appeared set to formally sever its ties with its partner in Kelantan, Parti Melayu Semangat 46 (PMS 46) when party President Fadzil Noor on unday urged members to prepare for the next election without the splinter Umno party. He said the
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    • 357 10  -  By Ho Wah Foon in Kuala Lumpur THE Health Ministry has sought the Education Ministry’s cooperation in intensive efforts to stop the abuse of Ecstasy pills among youths, according to Health Minister Datuk Chua Jui Meng. “The Poison Board and Pharmacy Division
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  • SOUTH-EAST ASIA
    • 765 11 A SINGLE time zone for Asean would bring about definite economic benefits such as increased trade, smoother economic coordination and more active stock mar kets, The Bangkok Post has reported. It quoted analysts in the region as saying that the key
      Timesgraphics  -  765 words
    • 539 11  -  By Ho Wah Foon in Kuala Lumpur MINISTERS of Asean and Mekong states agreed on Monday on a basic framework of cooperation to develop the Mekong Basin when they met for the first time to discuss the project. Singapore’s Communications Minister, Mr Mah Bow
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    • 331 11  -  By Satwant Kaur n Phnom Penh TWO Singaporeans were attacked last Wednesday night in a bizarre incident of armed robberv and intimidation. Mr Freddie Teo, First Secretary at the Singapore Embassv in Phnom Penh, was getting into his car with his wife in
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    • 501 11  -  Focus now on boosting tourism By Lee Slew Hua Thailand correspondent BANGKOK Government plan ners have decided that an ambitious plan for a land bridge to link both coasts of Thailand and push industrialisation in the southern heartland should be scaled down
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  • COMMENT / Pick of the week’s editorials
    • 712 12 JUNE 21.1996 THAT constituents should want their Members of Parliament to be around is, of course, the most natural of things. However, visibility should not be the main criterion by which they should be judged because ultimately, what determines the quality of MPs is whether
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    • 657 12 JUNE 20.1996 FOR the second time in two years, the United States and China have stepped back from a ruinous trade confrontation over intellectual property rights (IPR) which neither side wanted. This was wholly according to script, down to the llth-hourbargaining in
      657 words
    • 692 12 JUNE 18.1996 SENIOR Minister Lee Kuan Yew’s assessment of the situation in Myanmar will not please either the eternal optimist or the unbending ideologue. He said that the “one instrument of effective government there is the army” because the civil service was not very effective
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    • 705 12  -  By Yeong Ah Seng JUNE 26 is International Drug Abuse Day. It also marks the kickoff of this year’s National Anti-Drug Abuse Campaign. As always, the target audience will be young people who will be told in no uncertain terms the deleterious
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  • INSIGHT A LOOK AT THE ISSUES OF THE DAY BY THE STRAITS TIMES POLITICAL DESK
    • 2801 14 Soaring property prices have sparked off much heated debate in recent months, with accusing fingers being pointed at foreigners, speculators, developers and the Government’s land tender system. But what really are the key factors behind the price spiral in the last three years?
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    • 1228 15 Are Singaporeans lacking in community spirit? Have they become more selfish as they become richer? Eliza Teoh broaches the issue with Dr Tan Em Ser, 42, senior lecturer at the National University of Singapore, Department of Sociology. Interview INSIGHT: In an interview with
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    • 1220 15  -  Thinking Aloud Chua Huck Cheng THOSE days of thought activism when Singapore was part of Malaysia, the acrimonious Separation, ana Mr Lee Kuan Yew’s surprise revival of the issue 31 years later... all these have a resonance when taken through the continuum of
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  • MONEY
    • 357 16 Sharemarket review TRADING in the Singapore market picked up late in the week, but failed to muster a convincing rise as volumes remained thin. Brokers said the benchmark Straits Times Industrials Index was testing its floor below the 2,300 level
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    • 1287 16 Company Oata ann Net earn TV LV (Sm) <$m) EPS TV LV let» (eta) ABN Amro May 14 r 2.616 2.286 7.7 6.8 ABB Hldqs Jun 6 F 0697 2.007 1.6 4.6 Ac or May 24 F 31.029 26.643 228 27.2 Armstronq Jun 4 F 4.401 3.273 2.9
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    • 289 16 Company Place Date Time Rotary Eng A 17 Tuas Avenue 20 (*****8) 16 Raffles Ouay «26-00 Hong Leonq Bldq (*****1) Jun17 10.30am S Financa c Jun 17 11.00am Actr Computer A 438 Alexandra Road Level 2, Alexandra Pt (*****8) Jun 18 9.00am Seksun A 513 Yisbun Ind Pk
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    • 1872 16 Payment <%> Ca a at a Books dose data ABR HldQS bC F Jun 28 Jul 4 Jul 16 »tmj SO< F 15 JUM Jul 5 Jul 18 Alcorn F 6TC Jul 2 Jul 8 Jul 22 Amcoi 25C F 5 JultO Jul 16 Jul 26 Apollo b
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    • 164 16 RIGHTS ISSUE ExBooks Acc t Company Ratio date close Paymt Eltech Fifteen-»3 free wrt-for-Jun 11 Jun1? NY A Electronic» ten $0.25 freight Links Two+T free wrt-for-four Apr 22 Apr 26 NY A $0.72 Liang Court Two-tor-five <*> $1.08 Jun 6 Jun 12 NYA MMC Three-for-five <P M$2.00 May
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    • 81 16 ST Industrials Index The Straits Times Industrials Index rose 32.41 points on the week to 2303.34. DAY CLOSE TURNOVER Monday 2272.27 (+1.34) 49.444m ($196 347m) Tuesday 2267.60 (4.67) 58.386m ($196.654m) Wednesday 2291.93 (+24.33) 61.164m ($189.224m) Thursday 2299.22 (+7.29) 57.858m <$189.469m) Friday 2303.34 U4 12) 81.204m ($251.882m) BT—
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    • 44 16 Alliance Tech Four 3 wrts-for-ten $1.00 Amcol One-for-two $2.05 H leong Fin One-for-five $2.30 Orchard P One-for-one $1.80 S'pore Re One-for-two <S $1.30 E Resource* One-for-five Flextech One-for-two MAA One-for-five Oriental H Two-for-five Perils Plant Ont-for-four S Coffeemix One-for-two ST Auto One-for-five
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    • 489 17  -  By Colin Tan THE number of private property transactions has fallen more than two-thirds since the new curbs on property speculation were introaucea last month, says a Singapore Institute of Surveyors and Valuers (SISV) consultant. The number of private property
      Timasgraphics; Source: SISV  -  489 words
    • 311 17 MR Peter Chen Min Liang will retire as chairman and chief executive of Shell Companies in Singapore on June 25. said a statement from Shell on Monday. Mr Chen, 58. joined Shell in 1962 and became chairman and chief executive in October 1993.
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    • 170 17 Reuter. LONDON Singapore Airlines Ltd has said that Atlantic skies should be opened up to all airlines if the Anglo-US authorities approve the controversial grand alliance between British Airways and American Airlines. “The skies must be open, not just to US and
      Reuter.  -  170 words
    • 163 17 COUNTER RATES Singapore dollars to one unit of foreign currency Buying OD Selling US dollar 1.3979 1.4139 Sterling pound 2.1319 ***** Australian dollar 1 0900 1.1242 Canadian dollar 1.0156 1.0392 NZ dollar 0 9363 0 9684 EC unit 1.7601 Singapore dollars to 100 units of foreign currency Austrian schilling
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    • 135 17 Contract date: June 21,1996 CURRENCY 1 WITH 3 MTH 6 MTH 9 MTH 12 MTH CALL VALUE DATE US$ 4 1 5 5 i 5 >4 5>. 4'. 25/6/% A$ 6 7 /s 6 7 7 7 7' 5 7 25/6/96 NZ$ 9’ 9 1 9 9
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    • 470 17 Friday June 21 HK$ ASM Pacific 6 50 unch Allied Ind Int'i 0.41 -0.01 Allied Oversea 0.61 unch Asia Sec int 1.54 unch Bank of EA 27 60 0.05 C P. Pokphand 3.08 -0.07 CDi Hole! 4.25 0 03 Cafe DeCora 2 08 -0.02 Catn Pac Ar 14 00
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    • 526 17 Mgrs prices. June 24 Singapore Unit Trust The Commence 1 68—1.78xdS T he Savings Fund 1.64—1.74® S pore Prog Fund 0.71-0.75© S pore Sec Fund 1.06-1.12© S pore Invest Fund 1.12—1.18*d© S'pore Equity Fund 0.82-0.87© Credit Lyonnais Int'l Asset Mgt CL Asia-Pac G' Fund 0.880-0 925* CL S
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    • 7975 18 INDUSTRIAL AND COMMERCIAL Transaction Date: June 21.1996 1995/9« Curr Last Vol Day Gr’t Nat M CapWt Avg High LOW Company Traded Sale or000 High Low Div P/E Smil Prica 214 ASE NT$10 200 us 165 Acer 50c US I90cd>o ■2 141 191 188 5 ON 11.7 3145
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    • 542 20  -  By Douglas Wong in Bintan CLOB-LISTED Johan Holdings Bhd and Indonesia s Sah id hotel and property group are the latest investors in the Bintan Beach International Resort (Bintan Resorts), pumping in at least $3OO million tor their projects. Together
      Timesgraphics  -  542 words
    • 272 20 SINGAPORE'S foreign reserves have crossed the $lOO billion mark for the first time. New Monetary Authority of Singapore figures show the official reserves amounted to $100.61 billion at the end of April, w hich was an all-time high. At Ssloo billion. Singapore's foreign
      272 words
    • 637 20 SOFT drinks giant Fraser Neave announced last Friday its group net earnings had jumped 31.7 per cent to $101.9 million for the six months ended March 31, 1996. Earnings per share rose to 35.2 cents, from 27.2 cents previously. Analysts said the
      Timesgraphics; Source: Bloomberg  -  637 words
    • 390 20 SINGAPORE is on its way to becoming Malaysia's top investor this year. New figures from the Malaysian Industrial Development Authority (Mida) show that Malaysia approved Ms3.l billion <S$l.7 billion) worth of fresh investment commitments from Singapore manufacturers in the first quarter
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  • Page 21 Advertisements
    • 890 21 llllllilil MW. immw-mm The Straits Times Weekly Edition INT ¥SSS m WE ARE INSPIRING TOP ACHIEVERS AT WING TAI LAND. We are a wholly owned subsidiary of Wing Tai Holdings Limited, a well established corporation in Singapore and Malaysia that is making waves in various industries across the region Due
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  • Page 22 Advertisements
    • 995 22 ■IP:w 4 _K m r IK ISI TE I .«r ill ACCOUNT MANAGER (ADVERTISING SALES) Account Managers out there, don't miss out 1 MTV has an exciting challenge you will truly enjoy. In your role, vou will be increasing our advertising volume from our clients and agencies, either locally or
      995 words

  • FORUM
  • Page 23 Advertisements
    • 124 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
      124 words

  • 624 24  -  Monthly income also up by 73% By Ng Wei Joo THE average monthly amount which households in Singapore spent almost doubled between 1988 and 1993, from $1,548 to $3,034. During this period, spending on items like transport and communication, housing, education and clothing
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  • 489 24 Raffles named top independent hotel INSTEAD of sending a manager to collect its award at the glamorous World Travel Awards in Las Vegas, Raffles Hotel sent its turbanned doorman Narajan Singh, dressed in resplendent white, to America. He received a rousing ovation from
    – Picture by NG HAN GUAN.  -  489 words