The Straits Times : Weekly Overseas Edition, 25 October 1997

Total Pages: 24
1 24 The Straits Times : Weekly Overseas Edition
  • 20 1 The Straits Times WEEKLY EDITION SATURDAY, OCTOBER 25, 1997 Price: 551.20 (in Singapore) Elsewhere by subscription only MITA (P) 047/08/97
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  • 596 1  -  Focus on people’s needs from intellectual to spiritual By Walter Fernandez PRIME Minister Goh Chok Tong on Sunday announced the setting up of the Singapore 21 Committee, to look into the intellectual. emotional, spiritual, cultural and social needs of Singaporeans.
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  • 430 1 PRIME Minister Goh Chok Tong on Sunday sought to address the three main worries of Singaporeans over the Government’s plan to allow more foreigners to work and settle here. These concerns were: whether foreigners would take away jobs and promotions; dilute
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  • 396 1  -  Big oil spill By Dominic Nathan and GinnieTeo THE captains of the two oil tankers which collided in the Singapore Strait last week were charged in a district court on Wednesday. At sea, ships reported sightings of a 33-km long slick moving up
    Pictures by WONG KWAI CHOW.  -  396 words
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  • NEWS FOCUS
    • 609 2  -  Spells out explicitly what pom is Drops references to sedition Specifies what is expected of industry By Edmund Tee A REVISED set of guidelines which comes into effect on Nov 1 makes clear what is acceptable and what is not, over the Internet.
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    • Causeway jam
      • 683 2  -  By Douglas Wong THE Economic Development Board (EDB) will help Singapore companies in Jonor relocate if the disruptive Causeway jams do not ease, its chairman Philip Yeo said on Thursday. “Obviously it affects our companies which are buying parts and components from Malaysia which
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      • 436 2  -  By Kao Chen GRASSROOTS leaders on Thursday urged Singaporeans to stay away from Jonor and signal to the Malaysian government their unhappiness over its handling of the congestion problem at the Causeway. Mr Cheong Khim Teck, chairman of the Marsiling CCC, had this
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    • 646 3  -  Board will keep prices stable although costs are expected to rise By Joanne Lee THE Housing Board’s operating deficit has crossed the $1 billion mark, and could increase further as the cost of building public flats is expected to rise.
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    • 569 3  -  Govts must have the will to tackle basic weaknesses By Chua Mui Hoong THE region’s economies will take two to three years to recover from the existing financial turmoil. Senior Minister Lee Kuan Yew predicted yesterday. But how fast
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    • 381 3 Court decides on $2,000 fine instead after appeal THE remisier who was the first to be charged for using the ALS label for one of his cars on another was spared a jail sentence on Monday when a High Court reduced his punishment to a
      Picture taken off television.  -  381 words


  • HOME
    • 890 4  -  By Edmund Tee IF ANYONE was not clear before, the Singapore Broadcasting Authority (SBA) is spelling it out in no uncertain terms now: the war on the Internet is against pornography. And if that is still not specific enough, the authority’s new guidelines
      RAYMONO LEE  -  890 words
    • 550 4  -  To be able to match bone marrow is a one-in-10,000 chance.’— Donor Stanley Ng. By Dorothy Ho UNDERGRADUATE Stanley Ng is just 22 years old. but he has already saved a life. He do nated his bone marrow to a young boy early this year.
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    • 498 4  -  But ex-official says he has repaid debt By Jason Leow SINGAPORE Democratic Party chairman Ling How Doong has filed a bankruptcy order against Mr Kwan Yue Keng, former assistant secretary-general of the SDP, over a $3,700 debt. Mr Ling’s order was
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    • 995 5  -  This will help it understand issues better Workings of Singapore 21 Committee Reports by Walter Fernandez TO DEVELOP a consensus among Singaporeans about the sort of society they want in the 21st century, the new Singapore 21 Committee will canvass
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    • 342 5  -  By Braema Mathi LESSONS on caring and sharing by their British principal almost 40 years ago still pull at the heartstrings of some old boys of Presbyterian Boys’ School here. So they pooled more than $20,000 to pay
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    • 505 5  -  By Kalpana Rashiwala THE new hypermarket Carrefour, which opened on Thursday at Suntec City, will guarantee that its prices are the lowest in town. It promises that its goods will be priced 10 to 30 per cent below the competition pr
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    • 580 6  -  Pinevale: $450 per square foot By Pang Gek Choo THE latest executive condominium project. Pinevale. is the priciest one to date when it was launched at an average of $450 per square foot yesterday. But its developer. Pidemco Land, is optimistic that the 322-unit pro ject
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    • 265 6 IT IS back to the courts again for former top remisier Peter Lim Eng Hock and his estranged wife Teo Geok Fong. 39. They failed to reach an agreement by Tuesday despite efforts by both to settle the matrimonial dispute out of
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    • 434 7  -  Storerooms have steel doors and reinforced walls, floors By Chang Ai-Lien ALMOST 500 flats in Hougang are the first ones to be equipped with bomb shelters inside. The shelters are storerooms with steel doors and reinforced walls, floors and ceilings
      Picture by MUHAMMAD SHAH.  -  434 words
    • 385 7 A 62-YEAR-OLD taxi-driver foiled a robbery attempt by four men the 10th time he has fought off robbers. Mr Sim Siang Heng, a former army officer wno has been a cabby for 18 years, said he was more angry' than frightened when
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    • 584 7  -  Big players score with weekly offers, cleanliness Market stalls vs the big boys By Elaine Lo and Karen Wong FRUIT stalls in wet markets are getting battered by the superior buying power of the supermarkets. Many of their customers have defected, unable to re
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    • 370 8 THREE CD-ROM titles developed by the Education Ministry- to teach mathematics have won an award at an American multimedia conference. The three titles are Building a City with Linear Equations. Through the Ages with Congruency and Similarity, and .Jungle Survival with Quadratic Equations. They clinched
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    • 404 8 THE Fongs waited nervously for a crate containing their motorcycle to be opened. Then they rushed to touch their bike tenderly. They celebrated bv pouring beer over it and then stood back to admire their “longlost friend". It did not matter that
      Picture by ENRIQUE SORIANO.  -  404 words


  • Page 6 Advertisements
    • 177 6 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 7 Advertisements
    • 220 7 GAIN A STRATEGIC UNDERSTANDING OF THE ASIA PACIFIC REGION Leeds is rated 7th in research power in the most recent Research Assessment Exercise l The Master of Arts in Asia Pacific Studies taught in Singapore, made available to the region via internet... The only course of its kind in Singapore,
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  • Page 8 Miscellaneous
    • 1122 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 Front Page 1138 E Z Beat 1145 Newsline 1200 News/Weather (Asia-Pacific) 1205 E Z Beat 1220 Business Market
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  • THE SOUTH-EAST ASIA GAMES
    • 694 9  -  30 golds reasonable but several sports need to do their homework, says SNOC’s Lau Teng Chuan By Santokh Singh work to do. That they must assess themselves carefully before they make their recommendations in future.” Starting with the success stories, Lau singled out trap
      TIEN CHUNG PING  -  694 words
    • 445 9 A glance at the 30 winners in Jakarta Mr Top Gun of the Games Shooter Lee Wung Yew is Singapore's golden athlete of the Games, toppling Joscelin Yeo, with his four wins, two of which were from team events. He will also return as the
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    • 57 9 G S B Total INDONESIA 194 101 115 410 THAILAND 83 97 78 258 MALAYSIA 85 68 75 198 PHILIPPINES 43 56 108 207 VIETNAM 35 48 50 133 SINGAPORE 30 26 50 106 MYANMAR 8 34 44 86 BRUNEI 0 2 8 10 LAOS 0 0
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    • 436 9 What happened in her own words As told to Timesport’s Santokh Singh EVERYTHING was so perfect this year. I have had absolutely no problems with my health. I have not been sick the whole year. Everything was go ing so well. I was confident. I had trained hard and was
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    • 350 9 SINGAPORE suffered its biggest shock of the 19th South-east Asia Games in Jakarta on its final day or. Sunday when its top marathoner Yvonne Danson fainted before the start. The 38-year-old had been heavilv fancied to bag the gold and take Singapore’s tally
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  • MALAYSIA
    • 544 10  -  By Brendan Pereira n Kuala Lumpur MALAYSIA Airlines on Monday changed course to avoid a head-on collision with the country's leadership. It withdrew a MsBo million <S$39 million) defamation suit filed against Deputy Human Resources Minister Datuk Abdul Kadir Sheikh Fadzir
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    • 338 10  -  Anwar calls for courage to make changes Reports by Brendan Pereira in Kuala Lumpur THE current economic and environmental problems facing the region demonstrate that the fate of Asean nations is intertwined. said Deputy Prime Minister Datuk Seri Anwar Ibrahim. If Asean
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    • 333 10 KUALA LUMPUR The Malaysian Education Ministry plans to launch a promotion campaign overseas before the end of the year to attract more foreign students. It will be part of the government’s efforts to turn the nation into a regional education
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    • 224 10 LONDON A Malaysian teenager has become the youngest director of Britain’s super-intelligent group, Mensa, Utusan Malaysia nas reported. The Malav daily said that Ms Hayley Abdullah, an A-level student of Laxton School in Peterborough, near Cambridge, will govern the British Mensa with
      Utusan Malaysia picture.  -  224 words
    • 423 10 Problem may affect country’s stability SEREMBAN The rate of corruption in Malaysia has increased over the past 20 years and this has caused concern in the Anti-Corruption Agency (ACA). The New Straits Times on Wednesday quoted ACA Planning and Policy Coordination Section director
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  • SOUTH-EAST ASIA
    • 695 11  -  By Susan Sim Indonesia Correspondent JAKARTA Putting an end to months of speculation, President Suharto has indicated that he is prepared to go for a seventh term as the Indonesian leader next March. At the same time, he called on the ruling
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    • 415 11  -  By Nirmal Ghosh Philippines Correspondent MANILA In the aftermath of an attack last week on an army camp by two foreigners which left five dead including the assailants and several others injured, Manila plans to tighten controls on foreign students, especially those from
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    • 105 11 Women with grit BEAUTICIAN Kingkaew Buatoom is the first Thai to climb Mount Everest’s treacherous North Col. She braved the threat of avalanches and icy crevasses to reach the landmark. The 30-year-old made it to the 6,700-m site on the north face on Oct
      AFP picture.  -  105 words
    • 356 11 of Christian Democrats. Kvodo. Coalition to field Estrada or Angara in presidential race MANILA Electoral politics in the Philippines moved into higher gear last Thursday, as three main opposition groups merged formally into the coali tion Struggle of the Patriotic Filipino
      of Christian Democrats. — Kvodo.  -  356 words
    • 150 11 AFP. JAKARTA The Indonesian government said the results of the examination of the black box of a Garuda aircraft which crashed in North Sumatra last month might not be made known to the public, an En-glish-language newspaper reported on Thursday. The Jakarta
      AFP.  -  150 words

  • COMMENT / Pick of the week’s editorials
    • 665 12 OCTOBER 24 "997 THE "great double act" between Singapore Airlines and Air New Zealand, which is all set to swing into action from Sunday, takes a stage nearer to fulfilment the prediction by SIA director of corporate affairs Mathew Samuel that the earlier agreement with
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    • 641 12 OCTOBER 22 "997 ADVERSITY, like prosperity, being indivisible, nothing would be more welcome for Singapore than Malaysia's quick return to economic health The historical connection between the two countries, and their close interaction on so many fronts, does not allow for indifference to each other's
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    • 644 12 OCTOBER 21.1997 THE Singapore 21 Committee has a comprehensive agenda. It is tasked with looking into the intellectual. emotional, spiritual, cultural and social needs of Singaporeans. In doing so. it will go beyond economic and material preoccupations which, while legitimate and important in themselves. are only a
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    • 906 12  -  By Yeong Ah Seng IN THE past vear. several technological advances have made it possible to use the Internet to make telephone calls, just as one could with an ordinary- telephone, but at a considerably lower cost. The savings are especially significant for long-distance calls.
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  • COMMENT/ANALYSIS
    • 1099 13  -  The making of a Singaporean By Tan Sai Siong SO. WHO is a Singaporean? What defines us? Our red passport and our pink identity card 0 Our eligibility to buy two flats direcfly from the Housing Board, so long as we can form a family unit
      LUDWIG mo  -  1,099 words
    • 1186 13  -  By Ravi Veloo THE next few years are going to be crunching ones for those selling goods and services in Singapore. For nere comes the global shop —yet another challenge to tne lo cal market. It’s not uncommon to find
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  • INSIGHT A LOOK AT THE ISSUES OF THE DAY BY THE STRAITS TIMES POLITICAL DESK
    • 2528 14 Mandarin oranges and cement are some of the things that have been at the centre of Causeway tussles in the past. A look back in history shows there is more to the current Causeway clamp than meets the eye. Chua Lee Hoong reports.
      Nof l ROSAItS  -  2,528 words
    • 1161 15  -  Thinking Aloud Chua Lee Hoong TWENTY-seven years ago, Singapore’s' High Commissioner to Malaysia Maurice Baker urged the building of a “causeway of minds" to supplement the physical Causeway. He said it was* imperative for the two countries to stay close and co-operate for mutual
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  • MONEY
    • 471 16 Weekly share market review LOCAL shares closed the trading week with five straight days oflosses, as rising interest rates and fears of a run on the Hongkong dollar culminated in a 10 per cent crash in the territory on Thursday. The shakeout sent
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    • 82 16 ST Industrials Index The Straits Times Industrials Index dropped 209.58 points on the week to 1617.81. DAY CLOSE TURNOVER Monday 1794.92 (—32.47) 142.755 ($357.291m) Tuesday 1771.22 (-23.70) 128 159 ($327.436m) Wednesday 1731.68 (—39.54) 201.188 ($522.056m) Thursday 1649 87 (—81.81) 252.890 ($690.700m) Friday 1617 81 (-32.06) 212.315 ($607.883m)
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    • 1407 16 Company Oat* ann Nat aarn TV LV <$m> (Sml EPS TV LV (eta) (eta) A8R Hidgs Sapt18 1 0.429L 0.060 01 AFP Sapt 30 1 2d.729 2 5 AISB* Sapt 30 P 5 858 1.763 5.71 1.72 ANA Hottii Oct 1 1 1.317 1.580 2.75 329 ASJ Hidgs
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    • 135 16 Company Hki Data Tima S Coffaami* C No 26 Sanoko Woy (*****8) Oct 21 10.00am Rasourcai DavCorpn C 10 Jin Cali Botu olf 19km Woodlands Rd (*****1) Oct 22 9.30am Smgapora Bui Sarvtca c Auditorium. SBS HO 205 Braddall Rd (*****1) Oct 23 11.00am Slngapura Bldg $oc A
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    • 345 16 RIGHTS ISSUE ExBooks Company Ratio data close Southern B F Ona-tor-two «> RMI.85 Oct 14 Oct 20 NYA BONUS ISSUE ExBooks Company Ratio data close Palangi Bhd One-for-two Oct 23 Oct 29 Robinson Ona-for-flva Oct 21 Oct 27 Southarn B F One-for-two Oct 14 Oct 20 OTHERS ExBooks
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    • 84 16 Company Rights Issuo AISB Amcol inno-Pac Nipporcraft PMI Throo-for-fiyo MS5.50 Ono-for-two $2.05 Ono-for-ona $0.30 Ono-for-four 9> $0.28 Throo-for-two MS1.00 Company Sonus Issuo M Royal T«*o-for-throo Komayan Corp Ono-for-throo Lum Chang Ono-for-flv# PMI Ono-for-four Sin Soon H Ono-for-two Company Othors Inno-Pac Propostd Issuo ot one wrt lor ovory four
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    • 963 16 Payment (54) Ex data Books close Pay data AMDS 50C b 5 Oct 2 Oct 8 Oct 24 AISB 50C t> S Jan 2 Jan 7 Jan 23 Asia P«C Ld D 1»1TE Sept 24 Sept 30 Oct 29 Australand A 50< 1 6.d Jan 9 Jan 15
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    • 432 17  -  By Narendra Aggarwal SINGAPORE'S crucial non-oil domestic exports shot up by a strong 15.8 per cent last month compared to a year ago, boosted by exports of key electronic products to the United States and Europe. It was the strongest growth in
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    • 177 17 COUNTER RATES Singapore dollar* to one unit of foreign currency Selling Buying 00 US dollar 1 5572 1.5999 Sterling pound 2 5183 2.6209 Australian dollar 1 0800 1.1321 Canadian dollar 1.1124 1 1558 NZ dollar 0 9543 1.0022 EC unit 1.7874 Singapore dollars to 100 units of foreign currency
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    • 716 17  -  By Kalpana Rashiwala SINGAPORE'S leading supermarket chain NTUC Fair Price is expanding into upmarket Orchard Road for the first time as new rivals gear up to take bites off the chain's 50 per cent market share. The co-operative will lease a
      PICTURE BY LAU FOOK KONG.  -  716 words
    • 114 17 Contract date: October 24,1997 UNIT ONE MTH 3 MTH 6 MTH 9 MTH 12 MTH CALL VALUE DATE uss 5 5 J 5' < 5'. 57« 4 2 2810/97 AS 4V„ 4V. t 47, 47« 47« 4 28/10/97 NZS 7' 7\ 77« 7 1 4 7'« 6'.
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    • 465 17 October 24,1997 HK* asm Pacific 5 35 0 650 Allied Ind ini'l 2 33 *005 Asm Sac Int t 52 *0 16 ?0 90 40 40 CP Pokphand t 75 0 05 COL Hofal 2 45 0 05 Cafe Do Coral t 55 001 Cath Pac Air 8 30
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    • 962 17 APerdeen Amt Mgt Am Ltd to'**' S PC* G' Fond 0 950-0 999" AIB Govett (Alia) Ltd Govett Asia Pacific Growth Pd o 997—1 047 Govdtt Glottal Brands Pd 0 950-0 998 American Inti Assur AiA Regional Equdy Pd 0 950-1 000* At A Unit "kadPd C 928-0
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    • 8994 18 INDUSTRIAL AND COMMERCIAL T ransaction Date: October 24.1997 I 1997 Curr Last Vol Day Gr's Net M Cap Wt Avq High LOW Company Traded Sate •for000 High Low Div P/E $mil Price 157 50 e ACE Dynamics60c 59 -6 78 60 57 48 3 67 ASE NTJ10
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    • 584 20  -  By Yeow Pei Lin MANY major developers are keen to self some of their properties on a delayed progress payment basis and are watching closely buyers’ response to the Casafina condominium the first such development to be sold under the scheme. Casafina’s
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    • 627 20  -  Soeryadjaya family will control both listed companies Mr Edwin Soeiyadjaya the front man for the family has proposed injecting into VDH the family’s interest in a telecommunications joint venture which is building a basic telecommunications network in West Java costing about US$7l6
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    • 379 20  -  By Douglas Wong PSA CORPORATION on Tuesday took a 49 per cent stake in Saudi Arabian-owned company Yeminvest, which is developing the massive Aden Free Zone project comprising container terminals, industrial and warehousing estates and a power plant. The stake is the
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  • Page 21 Advertisements
    • 913 21 rAUb vyv/1 uDcn to, lay/ llSlilil x 'v:.V V .s; mem r m m Growing Hotels RAFFLES! INTERNATIONAL "We believe that a successful hotel is something beyond its location, its decor or its amenities. A successful hotel is a place where you are treated so well that you want to
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  • Page 22 Advertisements
    • 812 22 i egotiate Wour (Aoute f7o < luccess Sembawang Engineering And Construction Pte Ltd (SembEC) is a leading engineering, construction and technology-intensive conglomerate involved in providing turnkey engineering and contracting services. As a key support to the successful execution of engineering and construction projects, we value our contributions to bring in
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  • FORUM
    • 386 23 Colombo blast brings home this point clearly I WAS one of those caught in the bomb blast last Wednesday in Colombo. I am very thankful to the Singapore Club president, Ms Jessica Chen, and the club secretary for helping us. They did everything
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    • 353 23 In the event of an emergency overseas... I REFER to Mr William Tay’s letter, “More embassies needed as Singaporeans go regional* '(above). The Ministry of Foreign Affairs (MFA) sympathises with the plight faced by Mr Tay and other Singaporeans immediately after the bomb
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    • 443 23 SingTel’s IDD rates among world’s lowest I REFER to the article “Are local businesses prepared to compete with the global shop?’’ by Ravi Veloo (page 13). Mr Veloo claims that our international direct dialing (IDD) charges “continue to be out of whack with
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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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  • 674 24  -  By Koh Buck Song in London LEARN, absorb from other countries, even work a while, but please come home. This was the main message Prime Minister Goh Chok Tong had for about 200 Singaporean undergraduates in London and other British universities such as
    SPH picture by YOONG CHOON HWA.  -  674 words
  • 642 24  -  By Susan Sim Indonesia Correspondent JAKARTA Prime Minister Goh Chok Tong on Tuesday pledged that Singapore would help Indonesia in its efforts to restore confidence in its economy. Following a meeting here between Mr Goh and President Suharto in the morning, both governments issued,
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  • 418 24  -  By Koh Buck Song in London INDONESIA’S efforts to restore confidence in its economy will have a positive ripple effect on South-east Asia, putting the region back on track in the next few months, Prime Minister Goh Chok Tong said
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