The Straits Times : Weekly Overseas Edition, 20 July 1996
1996-07-20
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The Straits Times : Weekly Overseas Edition
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Title Section20 1996-07-20 1 The Straits Times WEEKLY EDITION SATURDAY, JULY 20, 1996 Price: 551.20 (in Singapore) Elsewhere by subscription only MITA (P) 008/08/9520 words
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992 1996-07-20 1 Chua Lee Hoong - List of top earners released, minus names By Chua Lee Hoong SENIOR Minister Lee Kuan Yew last night released a list of the incomes of the top earners in the private sector, in a speech in which he mounted his stoutest defence992 words
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Article, Illustration385 1996-07-20 1 A MAN clad in cowboy gear stole a horse from the Singapore Polo Club in the dark of night, rode it on the expressway and tried to gallop away when chased by a ponce car. When caught, he was found to have385 words
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Page 1 Advertisements
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Advertisement22 1996-07-20 1 Planning a CAREER Move CHECK OUT Pages 21 22 Discipline problems in schools similar to those of US in 1940: Page 622 words
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NEWS FOCUS
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Article, Illustration704 1996-07-20 2 SINGAPORE needs a value system to hold the people together and take them into the new millennium, said Dr Aline Wong. In a wide-ranging speech to 300 students at a symposium at the RELC. organised bv the Singapore International foundation704 words
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Article, Illustration487 1996-07-20 2 Tan Hsueh Yun - Basement carpark, tall windows for Choa Chu Kang units By Tan Hsueh Yun SOME condominiums do not even have these features a basement carpark linked to every block, circular balconies with tall windows and executive maisonettes with floor-to-ceiling windows. Yet, this HDB precinct487 words
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415 1996-07-20 2 Brendan Pereira - By Brendan Pereira A MESSAGE on the Internet, which alleged that a few lawyers of a law firm here were incompetent, has been removed after the firm complained to the Singapore Broadcasting Authority (SBA). It is understood that the posting was taken off415 words
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692 1996-07-20 3 Chua Mui Hoong - BG Lee spells out kev to future success By Chua Mui Hoong SINGAPORE'S ability to maintain high growth and stav ahead of the competition will depend on the quality of its peoEle and leaders, Deputy Prime Minister ,ee Hsien Ixxmg said on Wednesday. The692 words
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Article, Illustration356 1996-07-20 3 A YEAR-OLD Japanese baby girl died on Tuesday after she rolled off a queen-sized bed and became stuck in a narrow gap between the bed and a closed window. Her mother, Mrs Yoko Kuno, 30, was doing housework in the family’s Emerald ParkSHIN MIN pictures. - 356 words
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245 1996-07-20 3 BUSINESSMAN Jack Chia founder and chairman of the diver sified Jack Chia MPH (JC MPH) Group died here on Tuesday. Mr Chia, who was 74, left behind his wife, three sons, a daugh ter and 12 grandchildren. One of the sons, Clement, succeeds245 words
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682 1996-07-20 3 Mary Kwang - By Mary Kwang Hongkong Correspondent INFORMATION and the Arts Minister George Yeo on Wednesday called on Singaporeans overseas to organise themselves, act as good citizens in the cities where they live and safeguard their reputation as Singaporeans. Brigadier-General (NS) Yeo, who arrived in682 words
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HOME
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550 1996-07-20 4 SM Lee’s speech to chief executives and employers SENIOR Minister Lee Kuan Ye** sa-C as*. Wednesday that be was hopeful that there will be enough enterprising young Singaporeans who wui seize the opportunities that come with regionalisatior. Giving this upbeat assess550 words
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Article, Illustration259 1996-07-20 4 WHEN Hongkongers fa.. they blame it on bad luck. When Singaporeans fa;., they blame it or. bac government So said Mr Lee Kuan Yew last Wednesday m ex plaining the different attitudes between the two He was elaborating on the question of how259 words
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505 1996-07-20 4 ENTREPRENEURS are bom not ma be Mr Lee Kuan Yew declared last Wednesday “What makes a Bill Gates’ It s a Bill Gates That s that There is no other way." he said You tell me you go to a course and505 words
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553 1996-07-20 4 LOOK for virgin markets where you can be top-dog. not established ones where you might be wiped out was the advice from Senior Minister Lee Kuan Yew to businessmen venturing overseas last Wednesday. Noting that he had personally not done anv business553 words
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688 1996-07-20 6 M. Nirmala - Left unchecked, they will deteriorate to US level, says American principal Discipline in schools By M. Nirmala DISCIPLINE problems in Singapore schools, such as truancy and not doing homework, are similar to'what US schools saw in 1940 but failed to solve, resulting688 words
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132 1996-07-20 6 CHILDREN want discipline, says Mrs Melissa Caudle, the principal of Jefferson Parish Public Schools. To illustrate her point, she said that when US teenager Michael Fay, 18 then, was given four strokes of the cane for vandalism in Singapore, she asked eight juvenile132 words
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199 1996-07-20 6 THE Government uses several approaches to nip the discipline problem in the bud. said Mr Sidek Saniff, Senior Minister of State for Education, last Saturday. He was speaking at a seminar on approaches to discipline in schools organised by the199 words
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Article, Illustration378 1996-07-20 7 A funeral, a wedding with police help Repatriation of Vietnamese boat people AMID the hectic schedule of sending the 99 Vietnamese boat people home last month, the police took time out to help organise a long-delayed funeral and make sure that a wedding went on as scheduled. The funeral ceremony– Police picture. - 378 words
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302 1996-07-20 7 THE Health Ministry has asked a doctor in a private clinic to stop offering ATC treatment for cancer patients immediately. Autologous Target Cytokines (ATC) is not a form pf cancer treatment, said the ministry last Friday. The use of the procedure as302 words
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629 1996-07-20 7 Ng Wei Joo - By Ng Wei Joo SINGAPOREANS should look beyond chasing after material things and pay attention to the other five Cs character, culture. community, courtesy and commitment. This will ensure a balance of the material, intellectual and spiritual aspects of life,629 words
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242 1996-07-20 7 HE BUYS $4 canvas shoes for his fishing trips and wears Double Bull singlets that cost $3 to $4. Brigadier-General (NS) George Yeo revealed this about himself on Sunday when talking about how consumption patterns had changed in Singapore. The Information and242 words
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401 1996-07-20 8 It will spend $2.3m on facilities for members SAFRA. the association for NSmen, is spending $2.3 million to buy holiday apartments and villas*in Bintan and Batam. The association will acquire three apartments at the Batam South Links Country Club by the end of this401 words
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Article, Illustration159 1996-07-20 8 SENIOR technician Jumli Matsuri, 36, and his family have attended three previous National Day parades and they did not want to miss this year’s. So, he and 14 relatives and friends reached the Yishun stadium last Friday afternoon, two days ahead of thePicture by TAN SUAN ANN. - 159 words
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PARLIAMENT
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417 1996-07-20 5 Money to help pay conservancy, utility fees THE Government will spend $l3 million to increase the total rebate given to each threeroom Housing Board household by $55, announced Finance Minister Richard Hu last Friday. This additional rebate comprises a one-month increase in417 words
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Article, Illustration371 1996-07-20 5 CIGARETTE smugglers and those involved in smuggling operations will now face tough er penalties. Under the Customs (Amendment) Bill, which was passed by Parliament last Friday, first-time offenders caught smuggling cigarettes exceeding 2 Kg face a fine at least 15 times, and not more than371 words
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Article, Illustration437 1996-07-20 5 COMMUNICATIONS Minister Mah Bow Tan last Friday turned down requests to extend the lifespan of certificates of entitlements (COEs), saying the present 10-year system was fairer to existing and prospective car owners. The system now, he said, allowed ownership of COEs437 words
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236 1996-07-20 5 THE Urban Redevelopment Authority and the Inland Revenue Authority of Singapore'are working together to get information on foreign ownership of private residential property, National Development Minister Lim Hng Kian'g said. He revealed this in a written reply to Workers' Party MP236 words
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Page 6 Advertisements
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Advertisement299 1996-07-20 6 Doctors prescribe a weekly dosage of The Straits Times Weekly Edition to keep home sickness at bay. Are you following doctors' orders? The Straits Times Weekly Edition brings you the latest news in business, financial markets, politics and career opportunities in Singapore right to your doorstep. It is the perfect299 words
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Page 7 Advertisements
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Advertisement88 1996-07-20 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/mrn FRANCE usso.36/min GERMANY usso.39/mm HONG KONG usso.4l/mm JAPAN usso.33/ min KOREA usso.69/min MALAYSIA usso.99/min NEW88 words
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Page 8 Miscellaneous
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Miscellaneous1245 1996-07-20 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 12201,245 words
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SPORTS
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Article, Illustration603 1996-07-20 9 Tay Cheng Khoon - Republic’s chances rest with paddler Jing and shooter Lee By Tay Cheng Khoon WHO was the bald-headed boy in the straw hat? He had to be someone special, for why else would reporters and television cameras be following him all over the Changi Airport departure lounge; AndPicture by JERRY SEH. - 603 words
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Page 9 Advertisements
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Advertisement234 1996-07-20 9 m liTm* s The Straits Times <SP *iw* Tlie Sti'aitsTimes “ST l^wirnmu^S^^ 1 t.nmeß tob* .v's: *^3ssL« Doctors prescribe a weekly dosage of The Straits Times Weekly Edition to keep home sickness at bay. Are you following doctors' orders? Subscribe to The Straits Times Weekly Edition between 1 July and234 words
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MALAYSIA
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218 1996-07-20 10 KUALA LUMPUR Malaysian soccer fans, with a hefty appetite for gambling, wagered bets amounting to MS2 million <SSI 1 million» with London-based bookmakers during the recent Euro '96 soccer tournament. And this does not include the bets placed with bookies based218 words
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Article, Illustration649 1996-07-20 10 Genting Highlands road. Bernama. KUALA LUMPUR Seventeen Malaysians, including two chil dren'aged seven ana 15. were killed when a bus chartered by workers of a Johor Barn plastics manufacturing company plunged into a ravine while descending from Genting High landsGenting Highlands road. Bernama.; NST picture. - 649 words
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378 1996-07-20 10 Bemama. KUALA LUMPUR Investigations into the recent passage of Singapore fighter jets through Malaysian air space have shown that the incident was not an intrusion. Defence Minister Datuk Syed HamidBemama. - 378 words
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235 1996-07-20 11 SLIM RIVER Women who leave their unwanted babies at the proposed baby banks will not face legal action if they identify themselves to the authorities. The Sun reported last Saturday that the National Unity and Social Development Ministry wished to know235 words
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Article, Illustration584 1996-07-20 11 Ho Wah Foon - By Ho Wah Foon in Kuala Lumpur DEPUTY Prime Minister Datuk Seri Anwar Ibrahim on Thursday dismissed speculation that the federal government was stepping in to impose emergency rule in op-position-held Kelantan. In reply to questions from reporters at the Parliament lobbyof M 53,000 (551,710). NST picture. - 584 words
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Article, Illustration313 1996-07-20 11 SITIAWAN (Perak) An unusual "killing” has been the talk of the town here over the past few days. The victim is a fisherman’s wife and the killer a flying fish which “stabbed” the woman with its sharp beak as it glided through the air. TheSun picture. - 313 words
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SOUTH-EAST ASIA
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Article, Illustration545 1996-07-20 11 Ignatius Stephen - It will diversify economy, turn into services hub: Ruler 50th birthday of Brunei's Sultan Hassanal Bolkiah By Ignatius Stephen in Bandar Seri Begawan SULTAN Hassanal Bolkiah said on Monday that Brunei would diversify its national economy and reduce its dependence on tne oil545 words
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Article252 1996-07-20 11 THE President, Prime Minister and Senior Minister and their wives have sent congratulatory messages to Brunei Sultan Hassanal Bolkiah, who celebrated his 50th birthday on Monday. In his message, President Ong Teng Cneong said that on behalf of the Government ana people of Singapore, he and252 words
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272 1996-07-20 11 Paul Jacob - By Paul Jacob Indonesia Correspondent JAKARTA President Suharto, attending his first public function since returning from health checks in Germany, spent Tuesday on Lombok island with farmers and fishermen, updating himself on the progress of development in the eastern Indonesian province. He said the272 words
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COMMENT / ANALYSIS
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Article692 1996-07-20 12 JULY 19 1996 MUCH was revealed by the dif fering responses of Malaysians and Singaporeans to Senior Minister Lee Kuan Yew's re cent comments, that re-merger was conceivable if Malaysia continued towards meritocratic policies, for which Singapore had striven when it had been part of the federation.692 words
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Article713 1996-07-20 12 JULY 18 1996 THAT there would be a second offer of Singapore Telecom shares later tnis year was wellknown to Singaporeans; that it would come witn the enormous subsidy of $2.7 billion was less well-known That was until Finance Minister Richard Hu made it a point last week713 words
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Article682 1996-07-20 12 JULY 15 199€ THE prospect of massive industrial disruptions and unemployment caused bv companies restructuring to beat high costs is a nightmarish one that most people try not to think about. Trade and Industry Minister Yeo Cheow Tong was right, however, in sketching that scenario in a682 words
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Article, Illustration843 1996-07-20 12 Alan John - By Alan John AMERICAN school principal Melissa Caudle has been stopping Singaporean teenagers on the street and asking them persona! questions. Questions like: Why do you dve your hair red'.’ Where do vou hide vour tattoos'.’ Whv do voii have a change of843 words
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Article, Illustration1121 1996-07-20 13 TAN SAI SIONG - By the way With TAN SAI SIONG THE Singapore Democratic Party (SDP) and the Singapore Malay National Organisation (PKMS) last month alleged that the Government had increased the cost of living deliberately to keep Singaporeans in check. The parties further1,121 words
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Article, Illustration1048 1996-07-20 13 WANG HUI LING - My View WANG HUI LING SINGAPOREANS are in for yet another Singapore Democratic Party tragi comedy. First, party chairman Ling How Doong conceded, at last Monday's Select Committee hearing on health-care costs, that health-care subsidies did exist, and that they were ‘‘sub stantial”.1,048 words
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INSIGHT A LOOK AT THE ISSUES OF THE DAY BY THE STRAITS TIMES POLITICAL DESK
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Article, Illustration2493 1996-07-20 14 Singaporeans are being invited once more to put up names for the next batch of Nominated Members of Parliament, as the current term of the six NMPs draws to a close. Pang Gek Choo reports on how the NMP scheme is doing and2,493 words
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Article, Illustration1206 1996-07-20 15 After seven years, the National Advisory Council on Family and the Aged can look back on a string of successes, notably the setting up of Family Service Centres to help troubled families. Now, says its chairman Abdullah Tarmugi, its most pressing1,206 words
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Article, Illustration1271 1996-07-20 15 Asad Latif - Thinking Aloud Asad Latif THE report on the cost of living produced by the Singapore Democratic Party (SDP) and the Singapore Malay National Organisation (PKIVIS) reveals an opposition try ing hard to participate in setting the political agenda. The report's credentials as an economic1,271 words
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MONEY
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411 1996-07-20 16 Sharemarket review VOLATILITY once again wreaked havoc on the local stock market in the past week, as the benchmark Straits Times Industrials Index seesawed in between the psycho-logically-important 2,200 point support level. The 6.58 point drop in the STI Index to 2,202.84 for411 words
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Article1163 1996-07-20 16 Company D«t« Nat aarn TY LV (Sm> <Sm> EPS TY LY lets) feta) ABR Hldqs Jun 6 r 0.697 2.007 1.6 4.6 Aetna Jun 1« F 52.778 ***** 31.9 39.9 Al«« Hldqs Jun 26 P 2.534 2.159 845 7.20 Aih*nc« Tach Jun14 F 7.679L 1.380L Amcoi Jun 141,163 words
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Article261 1996-07-20 16 Company Ptoco Data Tima MRCB E Moronti Room 28th Floor Ploao Rot* Chulon 8 Jolon Rojo Chulon S0200 Kuolo Lumpur jmis 10.00 am Coffoomu c No 26 Sonoko Woy (*****8) JullS 10.00am WmgToi E Wing Tol industrial Contro 107 Tompmos Rood (*****9) Jul 15 10.00 am DOB C261 words
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Article1268 1996-07-20 16 Peyment <H) Ci dĕU Books close Fey dote ABB HIOQS SC F 3 Jun 28 Jul 4 Jul 16 AC»r 50« D 5 Jul B Jul 12 Jul 30 Acme 50C F 15 Jull Jul 5 JullS Alcom r 6TE Jul 2 Jul 8 Jul 22 Ales Hldgs1,268 words
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Article189 1996-07-20 16 RIGHTS ISSUE ExBooks Acc 8 Company Ratio date close Paymt Alliance Toco Four 3 wrt-tor-ten »$1.00 jme Jul 12 NYA Meiben Two-for-five 9 $0.38 Jun 20 Jun 26 Jul 17 S finance One-tor-five 9 $2.30 Jun 19 Jun 25 Jul 16 S Reinsurance One-tor-two 9 $1.30 Jun 25189 words
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Article84 1996-07-20 16 ST Industrials Index The Straits Times Industrials Index fell 6.58 points on the week to 2202.84. DAY CLOSE TURNOVER Monday 2180.80 (-28.621 82.654m ($242 460m) Tuesday 2179.45 (-1.35) 79 928m ($218.922m) Wednesday 2204.03 (+24 58) 94.613m ($281.330m) Thursday 2190.95 (13.08) 90.570m ($280.582m) Friday 2202 84 (+11.89) 78.595m84 words
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Article81 1996-07-20 16 Amcoi On»-lor *wo 9 $2.05 Freight Links Two t wrt-for-four $0.72 Orchard P On»-for-ono 9 $1.60 PSC Ono-lor-two 9 $0.70 MAA Oriental H PSC Ono-lor-flvo Two-for-fivo On»-*or-liv» Acme Renounceeble Pr»l Otter oasis o* 1 wrt tor *v#ry 4 at $0.34 lor tach wrt. Koppei Finance Ronouncoabla Pro 181 words
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492 1996-07-20 17 Douglas Wong - By Douglas Wong LAND sales provided the Government with its largest source of income $ll billion in the financial year ended March 31, 1996, according to the latest report by the Audi-tor-General. This represents a 26.2 per cent increase from the previous year,492 words
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291 1996-07-20 17 Tan Tarn How - By Tan Tarn How China Correspondent HARBIN (Heilongjiang) The Harbin government has decided on Singapore as its main partner to develop the city’s proposed “inland port”, its Vice-Mayor, Mr Zhu Shengwen, said last Saturday. “We have had very good discussions with291 words
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505 1996-07-20 17 Tan Li Eng - By Tan Li Eng CHARGE card companies like American Express and Diners Club are still touting the absence of pre set spending limits on their cards even though new credit curbs will impose a ceiling on users in just two weeks.505 words
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Article145 1996-07-20 17 COUNTER RATES Singapore dollars to one unit ot foreign currency Buying OD Selling US dollar Sterling pound Australian dollar Canadian dollar NZ dollar EC unit 1.4083 2.1586 1.1006 1.0236 0.9585 1.4244 2.2111 1.1351 1.0473 0.9913 1.8082 Singapore dollars to 100 units of foreign currency Austrian schilling 13.1672 Belgian franc145 words
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Article122 1996-07-20 17 Contract date: July 19 1996 UNIT ONE MTH 3 MTH 6 MTX 9 MTH 12 MTH CALL VALUE DATE US$ 4*4 5 5 >4 5*4 5*4 4*4 23/7/96 AS 6 3 -< 6H 6 T 4 6*4 6% 5*4 23/7/96' NZS 9*4 9*4 9'4 9 8*4 8*4122 words
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Article445 1996-07-20 17 July 19 1996 ASM Pacific Allied Ind Int'l HKI 6 00 0,47 +0.050 unch unch ♦0.11 +040 unch +005 +002 Asia Sec In* Bank of EA C P Pokphand 1 56 27 70 283 COL Hotel 388 2 30 Cath Pac Air 13 70 +010 Century City 1.81 unch445 words
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Article550 1996-07-20 17 Singapore Unit Trust The Commerce 1.65-1 75® The Savings Fund 161-1.71® S'oore Prog Fund 0.70-0 74« S'pore Sec Fund 1.04-1.10® S'oore Invest Fund 1.08—1.15xd® S'oore Equity Fund 080-0.85® Credit Lyonnais tnfl Asset Mgt CL AsiaOac Gr Fund 0 8 70 —0 915" CL S'oore Gr Fund 0.900-0.945- CL550 words
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Article8032 1996-07-20 18 INDUSTRIAL AND COMMERCIAL Transaction Date July *****6 Curr LMt Vol D«y art Nat M Cap Wt Ava MigH bow Company i I ♦Of000 Low Otv PE Vml Prie* Ait KT»10a00 jS 214 '61 «4» ‘Ac US 182 1 17 •82 ■61 SON 11 3 Ml 3 4'M8,032 words
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Article, Illustration743 1996-07-20 20 Colin Tan - Area to get 39,000 new homes and industrial estate By Colin Tan SEMBAWANG is to get more than 39,000 new homes and a new industrial estate which will double the number of jobs in the area to 40,000 when the area is fully developed over743 words
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351 1996-07-20 20 Florence Chong - By Florence Chong m Sydney SINGAPORE imported about Asl.s billion (Ssl .65 billion) worth of gold from Australia last year making it Austra lia s largest market in the world, ahead of South Korea which spent AS 1.45 billion on the precious metal. The351 words
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743 1996-07-20 20 JeanChia - Developers and banks will be at forefront By JeanChia ANALYSTS expect publicly listed companies to report earnings growth of between 10 and 17 per cent this year, led mainly by property developers and banks. A survey of 15 stockbroking firms showed743 words
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Page 21 Advertisements
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Advertisement932 1996-07-20 21 rr A II Aspen Tech Aspen Technology, Inc. (USA) is the world leader in the supply of off-line process analysis and on-line information management, advanced process control, and real -time optimization. Due to Setpoint's recent merger, along with Dynamic Matrix Control Corporation (DMCC), into the Aspen Tech family, several openings932 words
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Page 22 Advertisements
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Advertisement1059 1996-07-20 22 OCBC Bank, one of Singapore's leading local banks, Is looking for highly motivated and experienced Individuals to join us as SENIOR OFFICERS/ASSISTANT MANAGERS A. CROUP AUDIT You will be responsible for the review of credit facilities, operating procedures, systems and controls of the Bank and the Croup. You should possess1,059 words
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FORUM
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880 1996-07-20 23 Unemployment, interest rates and CPI prove this Cost of living issue SOME Singaporeans have been led to believe that the cost of living in Singapore has spiralled ahead of wage increases. Implicit in this perception is the charge that Singaporeans are880 words
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213 1996-07-20 23 I REFER to Senior Minister Lee Kuan Yew’s remarks that Singaporeans compare “unfavourably” with Hongkong citizens in responding to situations. Honekongers blame “bad luck” wnen they get robbed whereas Singaporeans blame bad government and start to look for the person who is213 words
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Article498 1996-07-20 23 Juvenile delinquency I REFER to the article “Juvenile crime on the rise and a serious problem" (ST Weekly Edition, July 13). If students can go about beating up school teachers their first contact of authority in society then they will probably have less inhibitions498 words
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563 1996-07-20 23 I DO not think manv people thought there would be 11,000 applicants for so few available executive condominium units. The surprisingly large number, among other things, indicated to me that there were certainly many people who could afford $600,000-plus homes and could well563 words
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Article, Illustration969 1996-07-20 24 Chua Mui Hoong - Calculations not based on market rates: BG Yeo By Chua Mui Hoong HEALTH Minister George Yeo on Monday said that government figures on health care subsidies were always expressed against the actual cost of providing these services. These subsidies, he said, were not based969 words
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Article, Illustration384 1996-07-20 24 PRIME Minister Goh Chok Tong last Saturday spent an hour watching hundreds of undergraduates out-cheer and out perform each other in pouring rain, and gave his verdict on Singapore youth: energetic and competitive, yet imbued with a common bond. Speaking to384 words