The Straits Times : Weekly Overseas Edition, 24 January 1998

Total Pages: 24
1 24 The Straits Times : Weekly Overseas Edition
  • 20 1 The Straits Times WEEKLY EDITION SATURDAY, JANUARY 24. 1998 Price: 551.20 (in Singapore) Elsewhere by subscription only MITA (P) 047/08/97
    20 words
  • 668 1  -  Education more than just academic achievement, says PM By Tan Hsueh Yun THE Education Ministry has spelled out a comprehensive list of attributes the Government wants every Singaporean to have. Captured in a statement called The Desired Outcomes of Education, it defines
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  • 470 1  -  By Jasbir Singh A SINGAPOREAN couple was killed and their daughter seriously injured after their four-wheel drive veered off a highway and flipped over several times outside Melbourne. Mr Henry Wang Wen Han, 46, the general manager of a frozen food companv. and
    Shin Min picture.  -  470 words
  • Page 1 Advertisements

  • NEWS FOCUS
    • 708 2 PM at opening of Republic Plaza PRIME Minister Goh Chok Tong has spelt out four key areas for the country to focus on in the coming years to make it a world-class city second to none in this part of the world.
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    • 491 2 PRIME Minister Goh Chok Tong held a surprise meeting with his Malaysian counterpart Datuk Seri Dr Mahathir Mohamad on Tuesday morning at the Sebana Golf Resort in Johor. During the 90-minute meeting, they discussed the regional currency crisis and bilateral relations.
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    • 283 2  - Divers take the plunge underwater By Sebastian Tong DENTIST Kuan Chee Keong and houseman Benita Tan took the plunge in more ways than one on Sunday: They got married in the reef tank of Underwater World Singapore. Mr Kuan. 28, donned a tuxedo over his wet-suit, while Ms Tan, 26,
      Picture by ALI YUSOFF.  -  283 words
    • 808 3  -  By Allison Lim A CRIMINAL jailed for life may have this sentence shortened by going before a review board, after serving 20 years of his sentence. The board will see if he is eligible for release, the Home Affairs
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    • 344 3  -  By Elena Chong A HOUSEWIFE who had two gold credit cards and more than $2,000 cash on her was caught shoplifting about $l5O worth of goods from OG Department Store. Lim Swee Hiang, 44, was fined $l,OOO on Thursday after she admitted stealing
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    • 417 3  -  By r Lea Wee AIDS is no respecter of age. A study has found an increasing number of men, with an average age of 59, being infected with HIV, the virus that causes aids. The men, the oldest of whom was 75 years
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    • 431 3 THE Government has no plans to cut Central Provident Fund (CPF) contribution rates during this current economic slowdown. Minister without Portfolio Lim Boon Heng said on Thursday that the present situation did not warrant slashing the employer’s CPF rates, especially
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  • HOME
    • 625 4  -  By Chang Ai-Lien and Edmund Tee IMAGINE this: no more crackling sounds from the radio when you are driving. Digital Audio Broadcasting (DAB) promises this improvement, as well as early warning in text and diagrams on a screen of road accidents
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    • 559 4  -  Over-ordering, inability to bid aggressively for COEs blamed for poor sales By LeongChanTeik LARGE stocks of several makes of cars are being left exposed to the sun and rain, in port storage areas in Sembawang and Pasir Panjang. Left there because of poor
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    • 505 4  -  By Susan Long TWO information technology research and development institutes have been merged as part of Singapore’s bid to build a national knowledge infrastructure that will help to move ideas and innovations to the marketplace quickly. They are the Institute of Systems
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    • 293 5 VETERAN comic actor Wang Sa (extreme right), the remaining half of the well-loved comedy duo Ah Pui and Ah San, died from respiratory disease last Sunday. He was 73. He leaves behind his wife 60. four sons, a daughter and five grandchildren. The
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    • 555 5  -  By M. Nirmala SINGAPORE’S first private universitv for finance and business will take in its pioneer batch of 1.400 students two years from now. When fully developed, there will be 13.000 students on its city campus to be located
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    • 1076 6  -  By Lim Li Hsien IT IS about time women litigators got the recognition they deserve. Good too that it is no longer a male domain. Women lawyers were commenting on the appointments of three women Senior Counsel, Singapore’s equivalent of the Queen’s Counsel in Britain.
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    • 560 6  -  Met Service blames El Nino for phenomenon By Geraldine Yeo LAST year was not only the hottest year on record, it was also the driest. The Meteorological Service said that total rainfall in 1997 was 1.539 mm, compared to the annual average of
      TIEN CHUNG PING  -  560 words
    • 813 7  -  Pension for new officers to be replaced by higher CPF and a savings scheme By David Miller STARTING April 1, Singapore Armed Forces (SAF) officers will be offered a new salary and benefits package which also see the pension scheme being phased out. In its place,
      G CHANDRADAS  -  813 words
    • 226 7 A 26-YEAR-OLD construction worker had sex with a 15-year-old girl five times in the space of nine days. Ahmad Termizi Mohamed Noh, a Malaysian, pleaded guilty to having sex with the girl, a school dropout, between Nov 19 and Nov 27 last year.
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    • 346 8 Training, retaining workers THE call by the NTUC to employers not to cut back on staff numbers and training because of the present economic turmoil has been endorsed by the Singapore National Employers Federation and the Singapore Chinese Chamber of Commerce and
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    • 482 8  -  By Lea Wee TECHNOLOGY developed in Singapore has helped an American brain surgeon to separate Siamese twins who were joined at the head. The surgeon made use of the virtual workbench developed by the Institute of Systems Science (ISS) to rehearse the surgery, using a
      Picture by WONG POK SEE.  -  482 words

  • Page 5 Advertisements
    • 283 5 •j i# Founded 1905 National University of Singapore ScAoot of Engineering Admission To Postgraduate Courses 1998-99 (July Intake) Applications are invited for admission to the following postgraduate courses in the 1998-99 academic year (commencing 13 July 1998): Master of Science in Civil Engineering Master of Science in Electrical Engineering Master
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  • Page 7 Advertisements
    • 357 7 The StraitsTlmes WEEKLY EDfTION The Straits Tunes Weekly Edition bruits you a crisp sununaiy ol the week's nuuor liappenings ui Singapore and in the Asean region. Covering news from social issues, politics, business, career opportunities and others, we bring you closer to home wherever you may be, once a week.
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  • Page 8 Miscellaneous
    • 1115 8 RADIO SINGAPORE INTERNATIONAL (ENGLISH) PROGRAMME SCHEDULES 1100 1400 Hours (GMT) 6015 KHz (49M BAND) 6055 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
    • 682 9  -  By Santokh Singh NATIONAL sports associa tions will have to play their part if they are to attract talent from schools. Education Minister Teo Chee Hean made the call at the official opening of the 39th Singapore Schools Sports
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    • 370 9  -  SOCCER By Joe Dorai IT IS official. Three of Singapore’s most well-known footballers Fandi Ahmad, Lim Tong Hai and V. Sundramoorthy are now nill-fledged coaches. The three were among the 18 candidates who passed the Asian Football Confederation’s B Licence course last month.
      Picture by JERRY SEH.  -  370 words
    • 301 9  -  BOWLING By Thomas Koh RODNEY ANG received an early hongbao ahead of the Chinese New Year festive season when he pocketed a cheque for $lO,OOO after winning the Cosco Super Handicap Challenge at Cathay Bowl Westside on Sunday. The 31-year-old renovations contractor, a former
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  • MALAYSIA
    • 504 10  -  Mahathir says false perception a serious problem Reports by Brendan Pereira in Kuala Lumpur THE long-awaited first meeting of the National Economic Action Council (NEAC) took place on Thursday and identified the false perception of a credit squeeze as a serious problem in the country.
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    • 106 10 JOHOR BARU Singaporeans taking advantage of the ringgit’s depreciation to buv cheap jewellery now constitute a major part of Johor Baru goldsmith shops' clientele. As the Singapore dollar rose against the ringgit. Singaporeans have been headed across the Causeway, the Malaysian Chinese daily.
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    • 493 10 THE need for cash is getting stronger and some Malaysian women are responding bv excnanging their gold for ringgit. But not all are putting the money in banks, as suggested by Prime Minister Datuk Seri Dr Mahathir Mohamad. They are keeping it at
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    • 44 10 BANK Negara unveiled this new Mslo <S$4) note on Monday. The Malaysian currency has lost about 40 per cent of its value against the US dollar since a regional crisis of confidence erupted in July. Reuters picture. Reuters picture.
      Reuters picture.  -  44 words
    • 120 10 ALOR STAR Staff from the Muda Agricultural Development Authority (Mada) may soon have to clean their office and sweep the floor of their Mslo million (553.9-million) building. To cut costs during the economic slowdown. Mada has decided to lay off 30 casual workers. The
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    • 362 10 S’poreans among couples who used service of syndicate Bemama. KUALA LUMPUR Police have crippled another syndicate forging Muslim marriage certificates with the arrest of the mastermind and seven others recently. The syndicate, whose members are aged between 35 and 52, is believed to have solemnised
      Bemama.  -  362 words

  • SOUTH-EAST ASIA
    • 175 11 JUDGES hearing a popular teen singer’s request to marry her boyfriend against her mother’s wishes questioned the teenager of Thai-Australian origins on her knowledge about Thai culture before advising her to seek an out-of-court settlement. The Provincial Juvenile and
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    • 618 11  -  Signs point to Habibie as President?s choice for No 2 job By Susan Sim Indonesia Correspondent JAKARTA President Suharto on Tuesday accepted formally ruling party Golkar’s nomination for a seventh term as president. But with that a foregone conclusion, attention turned
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    • 695 11  -  By Edward Tang Thailand Correspondent BANGKOK Indonesia will be in for tougher times ahead, but President Suharto is not one to evade his responsibilities and the country can be assured he will see it through the present economic crisis, Senior Minister Lee
      Picture by TAN SUAN ANN.  -  695 words
    • 270 11 AFP. BANGKOK Thailand would deport 300,000 foreign workers over the next six months as part of a plan to repatriate one million illegal migrants to free jobs for out-of-work Thais, the government said on Monday. The decision came after a day
      AFP.  -  270 words

  • COMMENT / Pick of the week's editorials
    • 679 12 JANUARY 22 1998 CRISES tend to breed, in great profusion, gurus, shamans and soothsayers. If it is difficult to tell apart the genuine from the fake at the best of times, the difficulty is a thousand times greater at the worst of times. The gurus disagree among
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    • 677 12 JANUARY 21.1998 DEVISING punishment that fits the crime while ensuring that jail does not mean the death of all hope for those who are sentenced to life imprisonment is not an easy task. But the creation of a Life Imprisonment Review Board might meet both
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    • 667 12 JANUARY 20 1998 THE problem with education is that there is hardly anything in life which it is not related to. Socialisation is one of its primary functions. No less primarily does it function as a channel for imparting and receiving knowledge. It is necessary to develop
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    • 743 12  -  By Sia Cheong Yew A NYONE reading the Education Ministry’s list of attributes, which the Government wants every Singaporean to nave, cannot be faulted if he thought it was trying to produce some kind of super human beings. At
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  • COMMENT/ANALYSIS
    • 831 13  -  By Koh Buck Song OF THE many consequences of the current economic crisis, the most far-reaching one must be that of the global village shrinking even further. In this financial meltdown, the “contagion effect” on currency and stock markets from Bangkok
      AFP picture.  -  831 words
    • 1084 13  -  By Ng Wei Joo THE Education Ministry’s latest change to the Primary One registration exercise seems to have stirred up a hornet’s nest, if letters and interviews in the media are anything to go by. To recap, the Ministry announced last week
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  • INSIGHT
    • 1892 14 What with the property slump and the economic slowdown, more and more lawyers are bowing out of the profession. Tan Ooi Boon takes a look at some new measures to help lawyers stay afloat. LAWYER Maurice Oon, 34, used to practise alone in his one-man law
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    • 1153 15 Singapore workers are starting to feel the effects of the regional financial turmoil. Ahmad Osman asks Mr R. Sinnakaruppan, a labour MP and NTUC assistant secretary-general, how the labour movement can cushion the impact of the economic slowdown. Interview INSIGHT: What
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    • 1290 15  -  Thinking Aloud Warren Fernandez AN ARMY of 200,000 unskilled, middle-aged and unemployed Singaporean workers, desperate for jobs, with families to feed, and resentful of their better-off peers manning the new high-technology factories that have replaced their old workplaces. Fanciful? Alarmist? Scaremongering? “This
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  • MONEY
    • 413 16  -  Weekly market review to 1.259.83. CHAN WEE CHUAN. A BRIGHT start to the trading week faded away as concerns over the regional currency crisis came to a head again amid the Indonesian rupiah’s plunge into uncharted territory. The rupiah, which stood at the 7.000
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    • 77 16 ST Industrials Index The Straits Times Industrials Index rose 14.57 points on the week to 1259.83. DAY CLOSE TURNOVER Monday 1327.18 (+81.92) 724.186 ($731.978m) Tuesday 1296.91 (-30.27) 330.041 ($428.698m) Wednesday 1311.401+14.49) 238.181 ($432.102m) Thursday 1269.49 (—41.91) 159.983 ($345.302m) Friday 1259.83 (-9.66) 258.885 ($600.553m) BT— MGA Index The
      77 words
    • 1652 16 Company Data •on Nat aarn TV LV <$m> (Sm) CPS TV LV (eti) feta) AMDS* Nov 29 16.427 55.718 2.81 955 AS Auto Nov 6 1 7.240 4.895 654 5.44 Alaxandro HldqsDac 15 1 4.039L 0.8847 13L 2.95 Allionco Toch Oct 2 1 5.432L 3.391L ASH Poc Ld*
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    • 211 16 RIGHTS ISSUE C*Books ACC i Company Ratio data clot a Paymt Casyknit Thrao-for-TwoS'HKtOC Doc 31 Jan 7 Fab 4 BONUS ISSUE ExBooks Company Ratio data data Datapulsa Ona-for-two Jan 13 Jan 19 NYA Hup Sang Huat Ona-for-flva Fab 2 Fab 9 Fab 19 OTHERS EsBooks Acc 6 Company
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    • 75 16 Company RIgMa itiuo AlSB Inno-Pac PMI Throo-for-flvo MS5.50 Ono-for-ono 9 $0.30 Throo-tor-two 9 MS1.00 Company Bonus Itsuo H Royal Two-for-throo Ktmayan Corp Onotor-throo lum Chang Ono-for-flvo PMI Ono-for-four Company Othor* tnno-Pac Proposod Itsuo of ono wrt for ovary four ordinary sharas. Aappoi Corp Propotad itiuo of up to
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    • 97 16 Dat* Eng Wah E 400 Orchard Rd «16-06 Orchard Towers (23B67S) Feb 4 10.00am Malayan E Cement Bhd President's Rm, Royal Selangor Club.JIn Raja Chulan (*****) KL Feb 6 10.00am NST Bhd E The Theatrette Balai Benta.5th Fir 31 din Rlong (*****1KL Jan 24 11.00am Aberdeen Asset Mgt
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    • 953 16 Payment Cs data Books close Pay date AV Jennings 2 SC 1 5.4 Jan 2 Jan 8 Jan 22 AMDS Ln T 55 Dec 5 Dec 12 Oac 31 Amsteel Corp SOC b 10 Dec 23 Dec 30 Jan 19 Antah HWg 50C b 6TE Dec 22 Oac
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    • 490 17 AMID the slowdown in the property market, listed property giant City Developments will enjoy an annual rental income of $80 million from its Republic Plaza office develop ment alone when the building is leased fully by around June. The 800.000
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    • 178 17 COUNTER RATES Singapore dollars to one unit of foreign currency Buying OD Selling US dollar 1 7370 1.7765 Sterling pound 2 8398 2.9410 Australian dollar 1.1281 1 1783 Canadian dollar 1.1867 1 2273 NZ dollar 0 9911 1.0370 EC unit 1.9527 Singapore dollars to 100 units of foreign currency
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    • 443 17  -  By Catherine Ong The Business Times. MR KOH Beng Seng, the former deputy managing director of tne Monetary Authority of Singapore (MAS), is set to become an adviser to the International Monetary Fund (IMF) in Thailand, informed sources say. Mr Koh will
      The Business Times.  -  443 words
    • 111 17 Contract date: January 23, 1998 UNIT ONE MTH 3 MTH 6 MTH 9 MTH 12 MTH CALL VALUE DATE uss 5 5 5 5'/,, 57., 47„ 27/1/98 AS <v„ 4 4 47,, 4 1 3'’/,, 27/1 '98 NZS 8'8\ 8'/., 7-',, r>u 7 27/1/98 STG 6 6
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    • 453 17 January 23,1998 HK$ ASM Pacific 4 35 ■0075 Allied Ind Inti 0 54 Allied Oversea 028 unch Asia Sec Int 041 unch Bank of EA 1290 ■0 30 C.P Pokphand 1 20 •*■0.03 CDL Hotel 220 0 10 Cate De Coral 142 ■0 03 6 30 •*■0 10 Century
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    • 614 17 Mgrs Prices. January 24 k ks&kski i? ??*S5ss '-^§2 iiiPPlilN i rn BI 11|| «B sp 1 1 a i si i ii IS 1# s aii! 4A.I I VW S’ SS8 S3 J ooooooo 8 i§ WBI i| r 1 P12 Hi 11 oo i> Ui L
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    • 9101 18 INDUSTRIAL AND COMMERCIAL Transaction Date; January 23.1998 J 1997 98 Curr Last Vol Day Gr's Net M Cap Wt Avg High Low Company Traded Sale ♦orooo i High Low Div P/E Smil Price 157 18 5 e ACE Dvnamics60c 28 2 90 29 27 22 9 26
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    • 690 20  -  By Narendra Aggarwal SINGAPORE'S trade growth is likely to slow to between 3.5 and 5 o per cent this year as a result ot the regionaf financial turmoil, down from last year's 5.7 per cent expansion. Trade Development Board <TI)B) chief
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    • 425 20 Reuters. JAKARTA Indonesia has signalled its commitment to much-awaited bank reforms with the biggest-ever merger in the private sector, creating a bank with some US$5.9 billion <S$10.4 billion) in assets. Banking analysts said on Monday it was only the first such
      Reuters.  -  425 words
    • 254 20 POSBANK raised its interest rates on savings deposits by half a point from Wednesday, while prime rates at OCBC Bank, Overseas Union Bank (OUB) and Tat Lee Bank also went up by the same margin. POSBank says balances of up to $lOO,OOO will earn interest
      254 words
    • 635 20  -  By Kalpana Rashiwala MR KWEK Leng Beng's CDL Hotels International is in talks to buy a major stake in Saudi Prince Alwaleed bin Talal’s upmarket Fairmont hotel chain in the United States, sources say. The prince owns 50 per
      Picture by ALPHONSO CHAN.  -  635 words





  • Page 21 Advertisements
    • 750 21 fW k energetic candidate to fill the following position for its continuous expansion and work improvement programmes: Facilities Executive Reporting to the Facilities Manager, you will assist in the administration of the Golf Course, facilities and Food Beverage Outlets. You will also oversee the operation of Gate Admission at the
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  • Page 22 Advertisements
    • 939 22 SiNDA I N A P O_R J I N D I A N DEVELOPMENT ASSOCIATION The Singapore Indian Development Association (SINDA) is dedicated to building a well educated, resilient and confident community of Indians that will contribute to the progress of multi-racial Singapore. We invite dynamic and self-motivated individuals who
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  • 598 24  -  By Zuraidah Ibrahim and Ginnie Teo in Palembang EXACTLY a month after the crash of the ill-fated flight MI 185, the tears had not dried, the pain still lingered and the memory was just too overwhelming. At a mass burial near the Botanic Gardens
    Picture bv STEPHANIE YEOW.  -  598 words
  • 685 24  -  Govt will be drawing less revenue, says BG Lee By Ahmad Osman THIS year’s Budget is likely to be a tight one, Deputy Prime Minister Lee Hsien Loong said on Sunday, noting that the Government would be drawing less revenue and was
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