The Straits Times : Weekly Overseas Edition, 28 June 1997

Total Pages: 24
1 24 The Straits Times : Weekly Overseas Edition
  • 20 1 The Straits Times WEEKLY EDITION SATURDAY. JUNE 28. 1997 Price: 5|1.20 (in Singapore) Elsewhere by subscription only MITA (P) 156/08/96
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  • 648 1  - SelegieBugis area to be bright-lights district A hub for cinemas, theatres and theme restaurants By Tan Hsueh Yun NEW YORK has Times Square. London has Piccadilly Circus and Tokyo has Shibuva. Now. Singapore too will have a special entertainment hub. to be located in the Selegie/Bugis area. The 19-ha area
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  • Article, Illustration
    261 1  -  By Janet Ho ARTIST Tan Juat Lee thought immediately of her mother when it was announced on Wednesday that she had beaten 264 participants to win the 16th UOB Painting of the Year competition. "I can now put her worries to rest.” She recalled that her mother, housewife
    Picture by GEORGE GASCON.  -  261 words
  • 148 1 PARLIAMENT will sit on July 11, when Members’ questions will be answered orally by ministers and two Bills read. Following these. Finance Minister Richard Hu will unveil the Government’s Budget. A statement from the Clerk of Parliament on Thursday said the session will begin at
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  • Page 1 Advertisements

  • NEWS FOCUS
    • 647 2  -  Ginza Plaza blast: Suit settled quickly By Lim Li Hsien THE $lO-million negligence suit against the PUB, now PowerGas Ltd. over the gas explosion at Ginza Plaza five vears ago, was settled on Tuesday for $9.4 million. Within four weeks. PowerGas will pay
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    • 610 2  -  $35,000 spending spree By Sharon Vasoo GRANDMA Soh Boh Tan’s life savings are gone but in her three-roorn nat at Haig Road are two television sets, two electric fans, two mini hi-fi systems, two vid-eo-cassette recorders, and a host of designer togs
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    • 438 2 HARDCORE heroin, opium and morphine addicts are in for longer sentences if they are caught with drugs after being released. Home Affairs Minister Wong Kan Seng said on Thursday. These are addicts who have been in drug rehabilitation centres (DRCs) several times
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    • 821 3  -  Motorist sees mum’s car, deemed a write-off by insurers, on sale By Leong ChanTeik A MOTORIST whose car was damaged so badly in an accident that its insurer deemed it “uneconomical to repair” was surprised to spot it offered for sale at a used-car
      Picture by Tai Ping’s surveyor.; • V• W A rn k/VB Mllkl Picture by Mr P. R. Ganesh.  -  821 words
    • 339 3 A WOMAN, who had sex with a 13-year-old boy brought home by her husband "to please her", was jailed for six months on Monday for committing an obscene act. Housewife Yu Chiew Tuan, 33, pleaded guilty tearfully to what is believed
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    • 622 3  -  One of the fastest rising cancers... By Lea Wee A SINGAPORE woman today faces almost twice the risk of getting ovarian cancer than a generation ago and her chances of surviving it are less than even. And the annual rate of
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  • HOME
    • 443 4 A BRIGHT spot in the 1996 tourist survey statistics is that visitors are finding Singapore's entertainment and recreation scene more lively So much so, they spent $BO million on both, up from $62 million in 1995. according to the Singapore Tourist Promotion Board's Survey of
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    • 756 4  -  But Spore ranked highly for shopping, 8 in 10 hit the shops while here STPB’s Survey Of Overseas Visitors 1996 By Rav Dhaliwal TOURISTS slaved for a shorter time and spent less here last year, even on shopping. But they ranked Singapore highly for the variety
      CHAN MIN FA»  -  756 words
    • 394 4  -  By Karamjit Kaur THE days of tearing off those fiddly little tabs on parking coupons may be numbered. The two authorities that manage nearly 530,000 parking lots between them are looking into a new system in which motorists need only slot a cash card
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    • 483 5  -  GP speaks English, Malay, German and is now learning Mandarin By Mary Kwang China Correspondent BEIJING The first Singaporean to secure a licence to work as a doctor in China since Beijing opened its doors to foreign doctors in 1992 speaks English, Malay
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    • 562 5  -  By Felix Soh THE Singapore Armed Forces has been rated the best in the region by an American military study. The study, published by the US Army War College in the latest issue of its professional journal, gave top marks to
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    • 338 5 THE Consumers Association of Singapore has unveiled its plans for tne next three years. It will focus on product testing, lobbying for new laws to protect consumers and seeking greater financial support from the Government. At the consumer watchdog body’s
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    • Court throws out woman’s case against her former boss
      • 447 6  -  Reports by Lim Seng Jin HE CALLED me a “*****", a loner", and a "dictator" who controlled my staff with an iron fist just as the Singapore Government does its citizens, said Ms Minah Letchmin Mande of Mr John Schneider.
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      • 467 6 SHE was a defiant and insubordinate employee, said Mr John Schneider of Ms Minah Letchmin Mande. He denied locking her in his office on the two occasions she claimed he imprisoned her in August 1994. In his court documents, Mr Schneider, now the South-east
        Pictures by CHEW SENG KIM.  -  467 words
      • 320 6 SHE had worked for an electronics firm for 21 vears when a new boss, an American, arrived in April 1994. Ms Minah Letchmin Mande. 42. a customer service supervisor with Kemet Electronics Marketing (Singapore), said their relationship soured within three months. Kemets South-east Asia area manager John Edward
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    • 302 6 HE STOPS his pick-up in the breakdown lane, lifts open the bonnet and starts fiddling with the engine. A peak-hour breakNot quite. For the Cisco guards manning the Central Expressway’s Road Pricing System gantry post it is a scene that happens all too
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    • 502 7  -  Raoul Le Blond ALONGSIDE computer giants IBM and other big names offering services on the Singapore One network is a small neighbourhood optical chain. Nanyang Optical decided that the new network would allow it to open a virtual store with island-wide reach for
      Picture by ALPHONSO CHAN.  -  502 words
    • 213 7  -  By Elena Chong A MAN picked up a 4-D ticket on New Year s Day and thought he would be $5OO richer as it had won a starter prize. Instead, Wong Kok Yew. 36, found himself paying a $5OO fine on Tuesday, when
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    • 658 8  -  Number of traditional coffeeshops down sharply in the past 10 years By Geraldine Yeo THE number of kopitiam or traditional coffeeshops has more than halved to fewer than 100 in the past decade. Last year, there were 92 licensed coffeeshops here, compared to 272
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    • 527 8 Tm just waiting for the Urban Redevelopment Authority to ask me to move out. HIS great-great grandfather, who came to Singapore from Hainan Island, China, started a humble coffeeshop selling drinks and snacks in 1924. Today, Mr Wong Yew Yong. 59, is the last
      Picture by LILLIAN FOO.  -  527 words

  • Page 5 Advertisements
    • 223 5 GAIN A STRATEGIC UNDERSTANDING OF THE ASIA PACIFIC REGION I Leeds was rated 7th in research power amongst the UK's top universities in the recent Research Assessment Exercise of the UK's 191 institutions. The Master of Arts in Asia Pacific Studies taught in Singapore, made available to the region via
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  • Page 7 Advertisements
    • 177 7 Home Delivery weekly! A crisp summary of the week's major happenings in Singapore. Politics, business, the economy, investment opportunities, executives appointments... and highlights on Malaysia and the Asean. A convenient tabloid airmailed to you wherever you may be. Yes! Every week. Subscribe now. And be at home with the ST
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  • Page 8 Miscellaneous
    • 1116 8 RADIO SINGAPORE INTERNATIONAL (ENGLISH) PROGRAMME SCHEDULES 1100 1400 Hours (GMT) 6015 KHz (49M BAND) 6155 KHz (49M BAND) MONDAY 1100 News 1109 Business Market Report 1115 Arts Arena 1130 News 1135 The Tront Page 1138 E Z Beat 1145 Newsline 1200 News/Weather (Asia-Pacific) 1205 E Z Beat 1220 Business Market
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  • SPORTS
    • 528 9 S’porean upset with the FA’s show-cause letter SOCCER JOHOR BAKU Johor’s soccer coach Jita Singh tendered his resignation last Thursday night in the wake of a show cause letter sent to him last week by the Johor Football Association with regard to the team’s
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    • 246 9  -  TENNIS By Tay Cheng Khoon TENNIS heart-throb Michael Chang will have victory on his mind when he returns to the Singapore Indoor Stadium for the U *****,000 <*****,250) Heineken Open from Oct 6-12. The Chinese-American will first want to wipe out
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    • 450 9  -  But Boroskae is uncertain about the 12 men vying for Sea Games places BOWLING By Thomas Koh NATIONAL director of coach ing Mike Boroskae may have been a confused man last Saturday when the form book was turned upside down in the men’s
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    • 509 9  -  By Santokh Singh SPORTS in the Merit category of Spex 2000 can earn themselves promotion to the elite Core group. This was promised by the Singapore Sports Council at Thursday’s signing of Co-operative Agreements with four of the six
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  • MALAYSIA
    • 567 10  -  Families in urban regions benefit more than those in rural areas By Brendan Pereira in Kuala Lumour MR R. Sivaprakasam's life has never been better. A colour television set. a washing machine, an air-con-ditioner and an oven find pride of place in
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    • 193 10 AFP KUALA LUMPUR Malaysia’s Health Ministry said on Monday that it would “scout around the world” for foreign doctors to treat its 1.2 million elderly people Health Minister Chua Jui Meng said that the government would also call back Malaysians working abroad amid a
      AFP  -  193 words
    • 452 10 KUALA TERENGGANU T Umno Youth said Malaysia's row with Singapore was over and that it wanted to concentrate on strengthening ties with Indonesia and Brunei. The Malay-language daily. Berita Harian Malaysia, last Saturday quoted the movement's deputy chief, Datuk Hishamudain Tun Hussein,
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    • 434 10 JOHOR BARU The Malav-sia-Singapore second link and the township of Bandar Nusajaya are expected to play a key role in fostering trade alliances with other Asian na tions and increasing crossborder co-operation. The new link-up. from next month, would
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  • SOUTH-EAST ASIA
    • 583 11  -  Country is facing an abnormal situation: PM By SinfahTunsarawuth in Bangkok THE Thai government on Thursday introduced its 1998 Budget that saw belt-tightening measures to cut spending and increase revenue in the midst of an economic slump. Thai opposition parties raised
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    • 68 11 TIGER Eddie is just a cub. That is why it does not appear menacing to this little boy at the Malabon Zoo in the Philippines. According to zoo officials, the cub’s father was named Tiger 2000, while its mother was called Tiger Economy. The cub,
      Philippine Inquirer picture.  -  68 words
    • 623 11  -  By Susan Sim Indonesia Correspondent JAKARTA Singling out the low quality of the average worker as the single most important challenge facing Indonesia, a World Bank official said on Thursday that the institution would pump money into basic education and health
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    • 201 11 -AFP. MANILA Filipino domestic Sarah Balabagan, who shot to fame and fortune after being saved dramatically from a death sentence in the Middle East, was reported here on Thursday as applying to work as a maid again. The Philippine Star newspaper
      -AFP.  -  201 words

  • COMMENT / Pick of the week’s editorials
    • 685 12 JUNE 27. 1997 THE announcement in Washington and Seoul on Wednesday that North Korea has agreed to more preparatory talks next week that could eventually bring a permanent peace on the Korean peninsula has to be treated with circumspection. This is not being pessimistic The fits
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    • 697 12 JUNE 25 1997 LAST week’s financial settlement in the United States under which American tobacco companies agreed to pay U *****.5 billion (SSSI6 billion) over 25 years admit that tobacco is addictive and accept extensive federal regulation is a victory for the anti-smoking
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    • 662 12 JUNE 23,1997 NETWORKING on a grand global scale is what the SingaporeBoston Business Alliance is all about. The concept underlying this first formal link with another city may not be new But though the practice of twinning has existed for a long time, twins have usually
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    • 790 12  -  By Sia Cheong Yew TWO stories told to me bv a friend last week have reinforced mv belief that consumers will always be at the mercy of unreasonable retailers once a sale has been transacted. One concerns a letter he had
      DARIO NOCHE  -  790 words

  • COMMENT/ANALYSIS
    • 1008 13  -  My View ASAD LATIF DO YOU think that Confu cius would receive a better press had he been born in Britain or the United States? In that case, would there be in Singapore today a tradition of Englisn-speaking* Confucian ism on par with
      lUDWIG 1110  -  1,008 words
    • 866 13  -  By Koh Buck Song AS ONE MP noted in a Parliament speech earlier this month, there is something unusual about the increase in water tariffs an nounced a fortnight ago. Dr Wang Kai Yuen of Bukit Timah GRC had said
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  • INSIGHT A LOOK AT THE ISSUES OF THE DAY BY THE STRAITS TIMES POLITICAL DESK
    • 1970 14 It is an interesting puzzle: Why is the Health Ministry raising the intake of new medical students when the statistics show the public sector has more doctors than ever before, tending to about the same number of beds? Indrani Nadarajah makes a diagnosis. EVT:RY
      IUDWiG iLiO  -  1,970 words
    • 1074 15 Confucianism has nothing to do with China, except for the historical fact that it came from there, says the director of the East Asian Institute at the National University of Singapore, Professor Wang Gung Wu. He speaks to Jason Leow about the
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    • 1252 15  -  Thinking aloud Han Fook Kwang IT IS not every day that we are told to change our mind set, to discard the old way of doing things and embark on a brave new journey. So when someone tells us to do
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  • MONEY
    • 478 16 Weekly share market review THE Singapore bourse continued to be plagued bv the absence of fresh developments and concerns over blue chip earnings. For the week the benchmark Straits Times Industrials Index (STII) was down 34.07 points, or 1.7 per cent to 1,974.37. The
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    • 80 16 ST Industrials Index The Straits Times Industrials Index dropped 34.07 points on the week to 1974.37. DAY CLOSE TURNOVER Monday 2034.79 (+26.35) 76.506 ($245.022m) Tuesday 2041.381+ 6.59) 94.331 ($261.269m) Wednesday 2023 86 (-17.52) 142.131 ($339.386m) Thursday 1989.80 (-34.06) 111.381 ($358.463m) Friday 1974.37 (—15 43) 83.258 ($278.193m) BT—
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    • 1267 16 Company D«t« *nn Nat tarn TV LY <$m) ($m> EPS TV LY tets) (Cts) AS Auto Jun 16 P 11.648 7488 12.0 9.0 Ale« Hldgs Jun 18 P 3836 2534 12 8 845 ANA Hotels May 15 F 3.859 3.794 8.05 7.91 Ask Pacific Jun 13 1 *****
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    • 401 16 Payment <%> Ci <Jatt Books close Pay date Alex Midgs 50C b 6 Sep 18 Sep 24 Oct 8 ANA HOt*IS r 2 Jun 19 Jun 25 Jul 11 AS AUtO b 15TE Sep 9 Sep 15 Sep 29 Apollo r 2.5 Jutl Jul 7 Jul 22 Asia
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    • 1231 16 Payment e« Books Pay <*> date close data Gul Tech 20C i ITE Jui 2 Jul 8 Jul 23 H Royal F 5 Jun 20 Jun 26 Jul 16 Hai Sun Hup 20C b 10TE Aug 29 Sap 4 Sep 17 Maw Par b 11 Jun 10 Jun
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    • 469 16 RIGHTS ISSUE Company Ratio Ex- Books Acc 6 date dote Paymt E Resources One-for-two $t.30 Jun 10 Jun 16 Jul 7 M Leong Crao One-for-ten <* M$6.90 Jun 17 Jun 23 NY A Muipha One-lor-*our V MSI.60 Jun 17 Jun 23 NYA OUB One-*or-live $4.00 Jun 5 Jun
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    • 52 16 Company Rtyltf IMUO AISB Thrao-for-flva 9 MS5 50 Amcol Ono-lor-two 9 $2.05 IPC Corpn Ono-lor-fivo 9 $0.30 MUi Ono-foftwo 9 MS1.30 Nipparcraft Ona-for-*our 9 $0.28 PMI Threp-for-two 9 M$1.00 PubBkF One-for-fivo 9 M$3.30 Company Bonus Issuo Komayan Corp Ona-for-throa H Royal Two-for-thro* Maiayawata Ono-for-two PMI Ono-for-four Pub Bk
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    • 560 17  -  But some indicators point to upswing soon By Douglas Wong AN UNEXPECTED 1 per cent fall in non-oil domestic exports last month disappointed the market last Friday but analysts said the latest trade figures actually contained some positive indicators about a
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    • 148 17 COUNTER RATES Singapore dollars to one unit of foreign currency Selling Buying OD US dollar ***** 1.4314 Sterling pound 2.3374 2.3941 Australian dollar 1.0474 1.0804 Canadian dollar 1.0169 1.0402 NZ dollar 0.9542 0.9869 EC unit 1.6326 Singapore dollars to 100 units of foreign currency 11.9592 Austrian schilling 11 4460
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    • 496 17  -  By Kalpana Rashiwala ISETAN stunned the market by tripling full-year group net earnings to $5.95 million, signal ling that retailers are clawing their way back to recovery after two years of cutbacks and improvements, say analysts. And Singapore’s oldest Jap anese retailer
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    • 286 17 SINGAPORE Power <SP) has secured its fourth and largest pow er plant project in China to build and operate two 350megawatt coal fired generators in Anhui province costing US$56O million (»$BOO.B million». It is partnering listed OCBC group member United Engi
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    • 127 17 Contract date: June 27.1997 UNIT ONE MTH 3 MTH 6 MTH 9 MTH 12 MTH CALL VALUE DATE uss 57« 57« 5 s 5v« 5 s 4s 01/7/97 AS 4 V:5 4'. 4'. 4s 4 s 4s 01/7/97 NZ$ 67 6 6' 6s 6 l 6s 5s
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    • 486 17 June 27.1997 HKS ASM PaC't'C 5 40 unch Anted Ind lot 1 3 67 0 13 Allied Oversea 0 78 •001 Asia Sec Int «85 ■0 05 Bank of EA 32 30 *0 70 C P Pokphand 2 40 unch COL Hotel 3 15 -0 15 Cate Oe Coral
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    • 586 17 Mars Prices June 28 Abtnift Fund Mgrt AMfult S pore O'Fd 0975—1 026" American Inti Attir AiA unit i 'oked fund (Spore 1 1 038-1 093» AlA Unit I'nked f jnd (Brunei, 1 03S-1.093» AXAUfe r 0 444 eSSPu"3 0 993Citicorp Invt Bank C3 Globa'Uond'd i 054-1 065"
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    • 8569 18 INDUSTRIAL AND COMMERCIAL Transaction Date: June 27,1997 1997 Curr Last Vol Day Grs Net M Cap Wt Avg High Low Company Traded Sale +or000 High Low Div PE Smil Price ASE NT$10 200 US aas 885 ASF US1C 100 US 885 885 203 155 Acer 50c US
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    • 391 20  -  By Narendra Aggarwal THE World Trade Organisation’s inaugural ministerial conference >n Singapore last December has made a permanent mark on the global trade watchdog. The 131-member country international organisation based in Geneva has adopted as its official logo the conference's Singapore designed logo.
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    • 605 20  -  By Jean Chia SINGAPORE’S financial institutions made a combined $5.9 billion profit last year, 31.2 per cent more than' in 1995, Mr Lee Ek Tieng told bankers at a dinner on Tuesday. The Monetary Authority of Singapore (MAS) managing director said
      Picture by WONG POK SEE  -  605 words
    • 621 20  -  Their earnings surpass counterparts in computer sector by up to 40% By Tammy Tan SENIOR telecommunications executives now earn up to 40 per cent more than their counterparts in the computer industry and coula soon overtake those in the financial services
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    • 185 20 TRADING on the Singapore International Monetary Exchange (Simex) will be expanded to include five futures and options contracts, following the signing of an agreement with DTB Deutsche Terminborse on Tuesday. The link-up with the Frank-furt-based derivatives exchange Europe’s second largest gives Simex the exclusive
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  • Page 21 Advertisements
    • 864 21 mmm M M' m Swiss Bank Corporation The Key Swiss Bank TREASURY APPLICATIONS SUPPORT ANALYSTS We are looking for highly capable individuals to provide application support and management for the front office trading software of our global trading business. You will liaise with the trading community to ensure that customer
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  • Page 22 Advertisements
    • 1093 22 0/ Singapore Telecom ACCOUNTANTS With increasing liberalisation in the telecommunications industry, we have embarked on an exciting growth programme worldwide to meet these challenges. A role commanding respect and requiring resourcefulness. This challenging position offers the opportunity for you to be part of a team that will support the growth
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  • FORUM
    • 606 23 Dr Lee’s claims are not new. The Barisan Sosialis made the same claims at the time of the merger debate. The people rejected them then, yet Dr Lee persists in maintaining this line after 35 years. DR LEE Siew Choh (ST. June
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    • 161 23 I MOVED out of my old UDMC apartment in Jalan Rumia. Cnip Bee Garden, in April. I paid about $20 a month for the postal service to redirect mail to my new address in May and this month. In mid-May, I happened to drive past my
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    • 449 23 On cars becoming too costly for retirees I REFER to the letters in the Forum page expressing concern that cars will become too costly for retirees (ST, June 19 and 20). In Singapore, where we have limited land, we have had to restrict
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    • 251 23 DENIS Distant’s comments (ST, June 13 and June 19) on soaring COE prices are indeed valid. Senior citizens who have contributed much to the progress of Singapore are indirectly priced out of the community. I feel the prevailing quota premium (PQP) has lost its purpose,
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    • 486 23 IS IT not sad that Mr Han Fook Kwang has had to ask Singaporeans it they have noticed "the difference in PM’s 97 agenda?” (page 15). He was drawing attention to Prime Minister Goh Chok Tong's vision of a new era
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  • 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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  • 770 24  -  Kohl-inspired initiative launched in New York By Chua Mui Hoong in New York SINGAPORE was party to a landmark initiative launched by four countries on Monday to foster firmer international commitment to environmental issues. The initiative seeks to embed environmental issues more firmly
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  • 293 24  -  By countries. By Chua Mui Hoong. NEW YORK Singapore has offered to share its experience in environmental protection with developing countries, and managed to attract the interest of several countries within hours of announcing the offer. Prime Minister Goh Chok Tong told the United Nations
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