The Straits Times : Weekly Overseas Edition, 15 November 1997

Total Pages: 24
1 24 The Straits Times : Weekly Overseas Edition
  • 20 1 The Straits Times WEEKLY EDITION SATURDAY, NOVEMBER 15, 1997 Price: 551.20 (in Singapore) Elsewhere by subscription only MITA (P) 047/08/97
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  • 799 1  -  Original sum disproportionate’ to injury By Koh Buck Song THE Court of Appeal on Wednesday reduced the 57.175 million damages awarded in May against lawyer Tang Liang Hong bv almost half, to $3.63 million. !n a 143 page judgment, .lustices M. Karthigesu, L. P.
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  • 464 1 A SCOOP of the excavator operated by Information and the Arts Minister George Yeo marked another milestone in the 1 :storv of the Sun Yat Sen Nanyang Memorial Hail at Tai Gm Road, oft Balestier Load Wednesday’s ground-break-ing ceremony win pave
    Picture by ALI YUSOFF.  -  464 words
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  • NEWS FOCUS
    • 598 2  -  Unpaid bills in millions; two ships arrested By S. Tsering Bhalla A SHIPPING has gone tnlssing, leaving about 100 etppioyetf’&i tfip lurch and debts estimated in the millions.- A Malaysian ,Qhia T>eek Lim. 30 major shstreholder of the Dragonix group-of' companies and a resident here,
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    • 381 2  -  By Chua Chin Hon TARDY television owners will have no excuse from next year for not paying their TV licence fee. From next month, the annual TV licence fee of $llO will be included in the payment form for the
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    • 362 2  -  HAMMERING HOME THE VALUE OF FRIENDSHIP By Pearl Lee A HAMMER from her days as a samsui woman helped Madam Ho Yuet Kam. 82, save a neighbour s life and cemented their friendship for good. Madam Ho was worried when she noticed
      – Picture by GEORGE GASCON.  -  362 words
    • 535 3  -  By Allison Lim THE Health Ministry is studying how old people in the future can pay for long-term nursing eare’and what incentives to provide to encourage the family and community to be involved in their care. Health Minister Yeo Cheow Tong, in announcing
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    • 574 3 AMBASSADOR-AT LARGE Tommy Koh said he wished to impress the importance of idealism on young Singaporeans through his book. The Quest For World Order, which was launched on Wednesday on his 60th birthday. He said he hoped to show that “being a citizen of a
      Picture by LIM SIN THAI.  -  574 words
    • 442 3 FROWN on those who litter and make them feel shameful for their dirty deeds, Prime Minister Goh Chok Tong urged Singaporeans last Sunday. Calling on citizens to exert greater “peer pressure”, he said that such social action would help bring about
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  • HOME
    • 700 4  -  By Ravi Ve'oo A MYSTERIOUS Singaporean benefactor has offered a British university more than $200,000 to take in polytechnicstudents trom here from next v ear. But the man with no name insists that oniv students from Nanyang and Singapore poly technics
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    • 553 4  -  By Leong Chan Teik PRICES of car Certificates of Entitlement <COEs» fell sharply this month, after dipping stead! !y for the past four months or so The COEs which tumbled hardest were those for luxurycars and the open category which are used
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    • 300 4 MEMBERS of the public can now contribute views and suggestions to the Singapore 21 Committee through feedback forms and on the Internet. At a press briefing last Saturday. Parliamentary Secretary (Prime Minister s’ Office and Community Development) Chan Soo Sen launched a web site
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    • 324 4  -  By Leong Chan Teik CUSTOMS is investigating three more car distributors for possible under declaration of import prices of their cars. Tan Chong Sons Motor. Mazda Motor and Komoco Auto now join the three distributors already under scrutiny. Komoco Auto, owned bv
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    • 714 5  -  Central Christian Church suit By Tan Ooi Boon THE High Court on Monday ruled that the Central Christian Church (CCC) was not a cult, but the church still failed in all but one of its defamation suits against two
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    • 301 5  -  By Elena Chong A 43 YEAR-OLD man was charged last Friday with lying to the Singapore Blood Transfusion Service when he donated blood between July last year and September this year. The bespectacled man is married and works in a stockbroking firm. He cannot
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    • 409 5  -  By Kalpana Rashiwaia SIINTEC City’s fountain has entered the 1998 Guinness Look of Records as the world's largest fountain, with a base area of 1,683.07 sq m (18,117 sq ft). The $6 million bronze fountain was switched on in August 1995 by the Hongkong
      Picture by CHEW SENG KIM.  -  409 words
    • 210 5 LESS than three weeks after its soft opening, hypermarket Carrefour said it would try to price its goods 2-3 per cent lower than its competitors. If it could not, it would at least match their prices. The French chain had guar anteed when it opened late
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    • 667 6  -  By Colin Tan CONCRETE plans released on Monday for Singapore's new downtown reveal how the new skyline of the financial hub will take shape around Marina Bay. The Urban Redevelopment Authority announced that more than 50 ha in the central and bayfront areas
      FOO HWEt WEN  -  667 words
    • 603 6  -  By Lea Wee DOCTORS and dentists here need to be better-educated about HIV infection and Aids, judging from the results of a survey reported recently in a medical journal. One of the surprising findings was that about one in five of these medical professionals
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    • 431 6  -  By Karamjit Kaur WHEN a photographer leaned out of the window of a moving train at midnight, he was startled to see two men walking along the roof, flap ping their arms about. “I was shocked," said Mr Laurie Gilbert, 47,
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    • 430 7 SPH presents $8 m show as part of series of events to celebrate milestones FANS of Andrew Lloyd Webber musicals will have another to look forward to next year. After Cats in 1993 and The Phantom of the Opera in 1995 comes Joseph and the
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    • 444 7  -  By Ginnie Teo IF YOU feel like joining in a spontaneous jam session with musicians playing in a pub, go ahead. But first check that the entertainment outlet has official permission for audience participation. Police said last Saturday that outlets can now apply
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    • 796 8  -  Under-declaring of car import prices By Leong Chan Teik MOTORISTS can ask for the higher scrap values of their cars to be restored if the Government recovers taxes from distributors who had under-de-clared import prices. Five lawyers and the Consumers Association of Singapore. in pointing
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  • Page 4 Advertisements
    • 210 4 GAIN A STRATEGIC UNDERSTANDING OF THE ASIA PACIFIC REGION The Master of Arts in Asia Pacific Studies taught in Singapore, made available to the region via internet... ~V only course of its kind tn Singapore, the MA in Asia Pacific Studies is an internationally recognised Master's level programme font one
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  • Page 7 Advertisements
    • 183 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 Front Page 1138 E Z Beat 1145 Newsline 1200 News/Weather (Asia-Pacific) 1205 E Z Beat 1220 Business Market
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  • SPORTS
    • 618 9  -  Testimonial match first for long-serving players By Joe Dorai SOCCER TOP players from Indonesia. Malaysia and Thailand have been invited for the testimonial match to honour current and former internationals Fandi Ahmad. David Lee and Malek Awab. The region's best will team
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    • 245 9 OBITUARY BILLIARDS ONE ot Singapore s lop billiarus players. Richard Lim uieo lasi Friday alter a long battle with nianey problems ana cancer. I le was 58 "i lie 14-time rational champion began Ins illustrious billiards career more than o() years ago. lie
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    • 192 9 MIDFIELDER Dalis Supait has been dropped from the national soccer squad on disciplinary grounds. The hardworking Dalis, 26. was alleged to have abused his S-League club Balestier Central coach Robin Chan alter he was replaced in the FA Cup quarter-final match against Singapore Armed Forces P’C
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    • 569 9  -  By Santokh Singh ATHLETICS THERE was good, yet frustrating. news for national mar athoner Yvonne Danson on Monday. Tests conducted by the Singapore Sports Council’s Medical Centre showed that there were no abnormalities with the runner. But the results also mean
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  • MALAYSIA
    • 332 10 The aim: To clear way for recreational activities by 2006 Bemama. NST. KOTA TINGGI Johor and Singapore have agreed to cooperate to improve water quality in the Tebrau Straits to a level suitable for recre ational activities bv the year 2006. State
      Bemama.; NST.  -  332 words
    • 536 10  -  By Brendan Pereira in Kuala Lumpur AMERICANS in Malaysia have been put on a security alert after the embassy here received two death threats, one vowing to kill four Americans. A US embassy spokesman said it was unable to assess the credibility of the two
      – Reuters picture.  -  536 words
    • 406 10  -  By Ho Wah Foon in Kuala Lumpur DEPUTY Prime Minister Datuk Seri Anwar Ibrahim said on Wednesday even ing that he would table a motion of confidence sup porting Prime Minister Datuk Seri Dr Mahathir Mohamad during the cur rent session of
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    • 294 10 NST. SEGAMAT (Johor) A five-year-old boy was stabbed to death when trying to protect his mother when two men attacked her in a hairdressing salon in Taman Suraya, Jementah, last Friday. Wong Yew Yong, who suffered a stab wound
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  • SOUTH-EAST ASIA
    • 541 11  -  King signs royal command after week of political intrigue By Edward Tang Thailand Correspondent BANGKOK Democrat leader Chuan Leekpai was appointed otficiaily as Thailand’s new prime minister last Sunday and indicated immediately that he could hold the job tor as long as three years. Speaking
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    • 496 11 Reuters, AFP. JAKARTA A bank owned partly by one of President Suharto’s sons on Wednesday withdrew its lawsuit against the government, in which it sougnt to have an order liquidating the bank overturned. Lawyers for Bank Andromeda. in which President Suharto’s second son Bambang Trihatmodjo had
      Reuters,; , AFP.; AFP picture.  -  496 words
    • 390 11 WAITING FOR THE MONSOON Reuters. BANJAR REJO (Indonesia) Farmer Mardjosantono waved his wiry arms over his head as he stood on the crusty sun-baked bed of Lake Keruku in East Java. “Usually there’s water to the north, south and west of here. The
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    • 470 11 Reuters, AFP. PHNOM PENH Cambodia I may have to postpone a generI al election planned foi next I May as it runs out of time lor preparations, a senior government official said on Wednesday. Co-Interior Minister Sar i Kheng, whose ministry is overseeing the arrangements
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  • COMMENT / Pick of the week's editorials
    • 682 12 NOVEM3ER 13 1997 NATIONAL Development Minister Lim Hng Kiang's welcome assurance that the Government “will let tne market decide the price levels" of property cannot, of course, be tne last word on the subject A collapse would not oenefit anyone, buyer or seller Tne
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    • 654 12 NOVEMBER 12 1997 THE horse-trading done. Thais have a new government that is widely expected to steer their battered economv out of a deep rut. The baht bobbed up and the stock market looked set to recover on news that Mr Chuan Leekpai. leader of
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    • 662 12 NOVEMBER 14.1997 THE Court of Appeal's landmark decision on the Official Secrets Act (OSA) last week clarifies the law in an important area that has long been nebulous. First, it sharpens the focus to make it clear that not every bit of government information can be
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    • 833 12  -  By Bob Ng PRICE-FIXING cannot exist in a free and fiercely competitive market such as Singapore’s. Or so most of us thought until the cooking oil controversy made the headlines last week. Now we know better. We have discovered that, underneath
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  • COMMENT/ANALYSIS
    • 1062 13  -  My View KOH BUCK SONG LAST week saw a turn ing point in the relationship between Singapore’s leaders and the thousands of citizens and former citizens who now live abroad. The Republic’s senior politicians have always taken time off, now and then,
      JAHAN  -  1,062 words
    • 1009 13  -  By Tan Sai Siong IT NEVER ceases to amuse or amaze me when I read of, or hear about. Singaporeans being portrayed as meek, mild entities who dare not say “boo” even to a goose, let alone to the Government. The reality cannot be further
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  • INSIGHT
    • 597 14 A new book called Understanding Singapore Society, put together by three sociologists, brings together essays by academic observers over two decades. Pang Gek Choo speaks to the editors on what insights may be gleaned, and fleshes out the arguments of two revealing essays from
      NOEL ROSALES  -  597 words
    • 610 14 THE SINGAPOREAN ARE Singaporeans aware of, and interested in, national issues? These are two different questions, argue sociologists Tan Em Ser and Chiew Seen Kong in an essay entitled. Citizen Orientation Towards Political Participation in Singapore. The two authors found, from an Institute of Policy Studies
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    • 431 14 THE TOURIST WHAT are the mementos and memories of Singapore that tourists take back after three short days here? Most likely, postcards of Chinatown, Little India and Arab Street, and pictures of visits to Chinese temples, mosques, cathedrals and Hindu temples. In short, a
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    • 1255 15  -  Thinking Aloud Chua Lee Hoong THE 10-billion-dollar question on the minds of many Singaporeans these past few weeks must surelv have been the ra tionale behind the Singapore Government's offer of financial aid to Indonesia. A reader wrote to The Straits Times’ Forum page ear lier
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    • 1115 15 Interview Just before her examinations this week, economics undergraduate Ivy Poon, 19, won the Green Leaf Award for her contributions to the green movement. How does someone from a generation often accused of being self-centred find the time and energy to pay attention
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  • MONEY
    • 460 16 Market review SHARE prices closed firmer in thin trading as investors picked up good buys in a market that had fallen to attractive levels. But most potential investors were still very hesitant as weak ness in other regional stock markets continued to weigh on
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    • 82 16 ST Industrials Index The Straits Times Industrials Index rose 29.01 points on the week to 1700.26. DAY CLOSE Monday 1663.69 7.56) Tuesaay 1684.10 (♦20.41) Wednesday 1685.79 1.69) T hursday 1690.69 4.90) Friday 1700.26 9.57) Tl RNOVER 72.763 ($200.435m) 92.082 ($204.305m) 121.110 ($239.420m) 111.749 ($235.302m) 128.036 ($282.845m) BT
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    • 1763 16 Company Data an n Net earr TY <Sm) IY <$m> EPS TY lets) .V tet») ABR Hldgs Sept 18 1 0.4291 0.060 0.1 AFP Sept 30 i 24.729 2.5 AISB* Sept 30 P 5.858 1.763 5.71 1.72 ANA Hotels Oct 1 1 1317 1.580 2.75 3.29 AS AutO
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    • 213 16 RIGHTS ISSUE ExBooks Company Ratio data closa Southern 6 F Ona-for-two 9 RM1.85 Oct 14 Oct 20 Nov 19 IPCO 8+3 wrts-for-10 9 US$1.20 Nov 13 Nov 19 NY A ROC Ona-tor-ona $2.40 Nov 11 Nov 17 NYA BONUS ISSUE ExBooks Company Ratio data closa Southarn b F
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    • 112 16 Company Right* Issue AISB inno-Pac Nipptrcraft PM) Thraa-lor-fiva 3> MSS.SO One-for-one $0.30 One-for-four $0.28 Three-for-two M$t.00 Company Bonus Isiua M Royal Two-for-three Kamayan Corp One-tor-three lum Chang One-for-flve PMI One-for-four Company Othara Inno-Pac Proposed issue of ona wrt for avary four ordinary sharas. Kappai Corp Proposed issue of
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    • 70 16 RMCA Re A the Function Room 13th Storey ICS Bldg. 137 Cecil St ((*****7) Nov 10 11.00am Inchcape E Four Seasons Motel Crescent Ballroom 190 Orchard Boulevard (*****6) Nov 14 11.4Sam First Capital A 20 Collyer Ouay #17-03 Tung Ctr (*****9) Nov 14 2,30pm Falmac A Jurong Country
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    • 843 16 Payment Ex Books Pay date close date AISB 50C 5 Jan 2 Jan 7 Jan 23 Austraiand A 50< 1 6.4 Jan 9 Jan 15 Jan 29 Auric 50C F 6N Nov 26 Dec 2 Dec 18 BMT $10 F 5.6 Nov 11 Nov 17 Nov 27 Ber|aya
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    • 432 17  -  By Douglas Wong SINGAPORE Press Holdings (SPH) last week reported an 11.2 per cent rise in group net profit to $342.2 million for the year ended Aug 31 as advertising revenue increased and newsprint prices fell. Advertising revenue grew by 7.5
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    • 638 17  -  Biggest quarterly drop since May 1996 measures By Kalpana Rashiwala PRIVATE housing prices fell to levels of two years ago during the third quarter. They dropped 4.4 in the three months be'/ July and September con/ j to the preceding
      RAYMOND LEE  -  638 words
    • 175 17 COUNTER RATES Singapore dollars to one unit ot foreign currency Buying 00 Selling US dollar 1 5622 1.5919 Staring pound 2 6318 2 7163 Australian dollar 1 0753 1.1179 Canadian dollar 1 1008 1 1342 NZ dollar 0.9662 1 0070 EC unit Singapore dollars to of foreign currency 100
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    • 125 17 Contract date: November 14,1997 UNIT ONE MTH 3 MTH 6 MTH 9 MTH 12 MTH CALL VALUE OATE uss 5 5 1 5 s 5*4, 5 3/ 4M, 18/11/97 AS 4V„ 4 s 4 s 4 3 4 1 2 3’. 18/11/97 NZS 6% 6' 6'. 6
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    • 478 17 November 14,1997 HKS ASM Pacific 5.05 -0 10 Allied Ind Int'l 1 90 unch 081 0 04 Asia Sec Int 1 45 +0 09 Bank of EA 1600 0 80 C P Pokphand 1 52 -0 03 COL Hotel 2 20 -0 05 Cafe De Coral 1 48 0
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    • 579 17 Mars' Prices, November 15 Aberdeen Asset Mgt Alia Ltd Aberdeen Spore Gr Fund AlBOovett (Asia) Ltd G ovett Am Pacific Growl» Fd 0 956—t 005" 0 974-1 023 Govett Global Brands Pd American Inti Aeiur 0 930-0 977 AIA Unit Linked Pd 0 887—0 934# AlA Regional Equity
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    • 9409 18 INDUSTRIAL AND COMMERCIAL Transaction Date: November 14,1997 1997 Curr Last Vol Day Grs Net M Cap Wt Avg High LOW Company Traded Sale -For000 High Low Div PE $mil Price '57 40 e ACE Dynaniics60c 505 unch 33 575 50 41 4 52 ASE NTS 10 200
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    • 475 20  -  Govt’s Light Rapid Transit line likely to be rolled out around 2002 By Kalpana Rashiwala THE monorail plan mooted for the Marina Centre area has been scrapped because the private consortium behind the idea feels the area will be covered adequately by
      LEE CHEE CHEW  -  475 words
    • 524 20  -  By Tammy Tan SINGAPORE Technologies Pte Ltd STPL) said in a shock announcement on Monday that it was winding up its whollyowned disk drive subsidiary. Micropoiis Corp. barely two years alter acquiring it. The decision to liquidate the company with immediate effect was taken
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    • 512 20  -  By Jean Chia THE Stock Exchange of Singapore SES) has laid down ground rules allowing brokers to sell unit trusts, in addition to the traditional stocks and shares. The official go-ahead by the authorities allows stockbroking firms to tap a new area
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    • 353 20  -  By By Chan Wee Chuan TWO of the Government’s investment arms have agreed to take strategic stakes in Singapore Aircraft Leasing Enterprise (Sale) lending their weight to the company's aspiration to be among the world’s top three aircraft leasing companies by
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  • Page 21 Advertisements
    • 913 21 The Straits Times Weekly Edition i 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 come back." Raffles International Credo Raffles International, an innovative
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  • Page 22 Advertisements
    • 1479 22 HICS THE INSURANCE CORPORATION OF SINGAPORE LIMITED Q AN ASSOCIATE OF DBS BANK ICS Insurance, a key player in the insurance industry, invites suitably qualified professionals to apply for the following positions: ANALYST PROGRAMMER (AS/400 or Client/Server Applications) Incumbents tor both positions will be expected to develop, implement and maintain
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  • FORUM
    • 624 23 The Carrefour-Lam Soon saga IT WAS not surprising that the courts here nave thrown out the Lam Soon suit against Carrefour for not conforming to the former’s price-fixing policy. That it took a fresh entrant to the retail scene to do this speaks
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    • 278 23 Attracting foreign talent I REFER to the Insight article ‘‘Dilemmas for the new millennium" (ST Weekly. Nov 8). The Government s move to attract foreign talent to I Singapore to inject new expertise in science and engineering. and to establish business
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    • 190 23 THE Johor-Singapore-Riau growth triangle is based on the concept that industries located within tne growth triangle can take advantage of the efficient infrastructure and higher-skilied workers of one location and the lower costs and ampie suppiv of cheaper land and labour in othe~ locations. It
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    • 294 23 DURING the programme, Talking Point, telecast last Wednesday, the general manager of Carrefour said that changing of prices was easv needing just a touch of the buttons on the computer. I happened to have gone shopping at Carrefour a few hours before the programme. This
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    • 426 23 I REFER to the letter “Why didn’t Carrefour change prices?” by Lucy Lee (see above >. Case would like to state that, while it supports lower prices that benefit the consumer, these must be genuine. Unethical bar-coding practices and misleading advertising with
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    • 148 23 THE report “Banker attending party falls off roof of train" (see page 6/. is not as amusing as a cursory reading might suggest. Tne lives of two apparently tipsy persons were put to unnecessary risk by their running atop the train carriages, and if they had
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  • Page 23 Advertisements
    • 133 23 j i Dear Readers, THE Straits Times welcomes letters from you. Your 1 letters must inc.ude your signature, full name, address i and home and office telephone numbers We do not accept for publication letters from 1 writers who decline to give their names. This rule will be waived only
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  • 556 24  -  •Call for regional surveillance mechanism By Ravi Velloor THE International Monetary Fund on Thursday gave a resounding endorsement to Singapore's US$5 billion (SS7.B billion) loan offer to Indonesia, lauding it as an example of how a country pursues enlightened self-interest in an
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  • 465 24  -  By Dominic Nathan in Pretoria SINGAPOREANS’ concern over the US$5-billion (557.7-billion) loan to Indonesia is understandable. said Deputy Prime Minister Tonv Tan. However, he ad ded. the Government had structured the loan in such a way as to minimise the risk. Responaing to
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  • 635 24  -  By Lim Li Hsien THE meek do inherit the earth, the High Court ruled re centlv. when it threw out a bid by the Catholic Church to repossess church land which had been occupied for decades by squatters. The
    Picture bv ALAN LIM.  -  635 words