The Straits Times : Weekly Overseas Edition, 31 January 1998
1998-01-31
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The Straits Times : Weekly Overseas Edition
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Title Section20 1998-01-31 1 The Straits Times WEEKLY EDITION SATURDAY, JANUARY 31. 1998 Price: 551.20 (in Singapore) Elsewhere by subscription only MITA <P) 047/08/9720 words
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695 1998-01-31 1 Narendra Aggarwal; and YongSiewMin - By Narendra Aggarwal and YongSiewMin SINGAPORE'S new investments grew 5 per cent to 58.5 billion last year and the Economic Development Board hopes to maintain the level this year despite the regional financial crisis. EDB’s chairman Philip Yeo also disclosed on Monday that695 words
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413 1998-01-31 1 MR GOH’S FESTIVE MESSAGE THE Year of the Tiger will be a “testing year" for Singaporeans, said Prime Minister Goh Chok Tong, saying they should take the regional economic turbulence in their stride. In a message for the shared celebrations of413 words
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Article, Illustration572 1998-01-31 1 Elena Chong - By Elena Chong AN HIV-POSITIVE man who lied six times in his blood donor registration form was sentenced to 12 months’ jail last Saturday for giving false information. Former accounts clerk Loo Wah Yew, 43, said that he intends to appeal. He wasPicture by ALPHONSO CHAN. - 572 words
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Page 1 Advertisements
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Advertisement13 1998-01-31 1 *****6 vt will help firms weather financial turmoil, says Yock Suan: Page 24.13 words
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Advertisement9 1998-01-31 1 Planning a CAREER Move CHECK OUT Pages 21 229 words
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NEWS FOCUS
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654 1998-01-31 2 Sebastian Tong - “They seemed like a normal family. They even had two children.’ Ms Qu Peili, 24, a victim who gave the couple $BOO as a deposit. By Sebastian Tong A MAN and woman posing as a married couple are believed to have654 words
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Article, Illustration516 1998-01-31 2 Sharon Vasoo - By Sharon Vasoo A CLASSMATE’S birthday bash ended in a nightmare for Tan Kong Lin. 17. after he and his friends were attacked by a group of youths on Sunday. The boy, who is a student from the Bedok Institute of Technical Education,516 words
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Article, Illustration622 1998-01-31 2 Elena Chong - By Elena Chong THE manager of the Singapore General Hospital’s Obstetrics and Gynaecology Centre asked her staff to conduct expensive medical tests for her husband's private medical laboratory, but did not pay for them Angela Ho-Piong Teck Nvong. 42. was chief scientific622 words
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586 1998-01-31 3 Rav Dhaliwal - Regional economic crunch: Airlines act to cut losses By Rav Dhaliwal SINGAPORE Airlines plans to switch to smaller aircraft on some of its Asian routes after the regional economic crisis led to a drop in the number of travellers. Flights to South586 words
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Article, Illustration570 1998-01-31 3 Jasbir Singh - Second fatal accident involving parked vehicles along expressways By Jasbir Singh A PASTOR was killed instantly when his car crashed into a National Parks Board (NParks) water tanker at the East Coast Parkway last Friday morning. The tanker was watering the flowers plantedPicture by ALPHONSO CHAN. - 570 words
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HOME
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Showdown in GE 2002: Chiam v Gan
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Article, Illustration862 1998-01-31 4 THE next general election may still be five years away but Prime Minister Goh Chok Tong has already thrown down the gauntlet to veteran opposition MP Chiam See Tong. Speaking at the recent PAP convention, he said: “By 2002, Mr Chiam862 words
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Article, Illustration629 1998-01-31 4 THE People’s Action Party would have recaptured Potong Pasir from opposition veteran Chiam See Tong at the last polls if not for a spillover effect from the hotly-contested Cheng San GRC, said PAP candidate Andy Gan. Speaking to The Sunday Times,629 words
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635 1998-01-31 4 Dominic Nathan - DPM Tony Tan in New Zealand By Dominic Nathan in Wellington UNLESS the issues of political succession and stability are resolved in Indonesia. the marxets will stay volatile an i this will hamper any recovery in the Asian economies, said Deputy Prime Minister635 words
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Article, Illustration820 1998-01-31 5 Lea Wee - Is Zoe Tay the ideal Singaporean beauty? By Lea Wee DR ROLAND Sim would love to take photographs of TCS actress Zoe Tay from the front, left, right from the chin up. This doctor, who specialises in plastic surgery of tne820 words
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635 1998-01-31 5 Jason Leow - Funds and expertise to back young people with ideas for community projects By Jason Leow A NEW youth programme will help young Singaporeans who have ideas for community projects put them into practice, by hacking them with funds ana expertise from community groups. Tne635 words
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Article, Illustration773 1998-01-31 6 Karamjit Kaur - Interchanges at Holland/Farrer roads and Bukit Timah/Adam roads open By Karamjit Kaur JAMS at the junctions of Holland Road Farrer Road and Bu kit Timah Road/Adam Road should be a thing of the past now. The Land Transport Authority (LTA) is confident that withPicture by ALPHONSO CHAN.; TIEN CHUNG PING - 773 words
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Article, Illustration434 1998-01-31 6 ELECTRONIC road pricing (ERP) will be introduced on the East Coast Parkway (ECP) on April 1. Motorists, who now need only an area licence to travel on that expressway and to enter the Central Business District, will have to payIAWOtjOHE - 434 words
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400 1998-01-31 6 ALL 10 blocks of the former Toa Payoh Hospital in Toa Payoh Rise will be tom down and new facilities built, said the Ministry of Health. The 1957 building will be replaced by the Buddhist-run Ren Ci Hospital for the chronically sick,400 words
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513 1998-01-31 7 Karen Wong - Four children diagnosed to be positive By Karen Wong THE Health Ministry has written to all doctors urging them to encourage all pregnant women to be screened for HIV infection. This letter came after four children were diagnosed HIV positive last year.513 words
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Article, Illustration327 1998-01-31 7 Karen Wong - HE USED COINS TO PLAY ONE-ARMED BANDIT’ By Karen Wong A CASHIER working in the jackpot room of Serangoon Garaens Country Club pocketed $22,000 worth of coins and used them to play the jackpot machines. Lim Jing Meng, 39, who pleaded guilty, was jailed327 words
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584 1998-01-31 8 Rav Dhaliwal - But organisers are still optimistic By Rav Dhaliwal FEWER business visitors and buyers are expected at the Hsian Aerospace ‘9B this year, due to the regional economic crisis, said organisers of the biennial event. Reed Exhibitions Singapore expects about 20.000 to turn up584 words
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Article, Illustration320 1998-01-31 8 FIRST ASIAN FLIGHT THE sleek American Bl bomber will take to the skies for the first time in Asia. It will be one of 15 or so aircraft taking part in the flying display in this year’s Asian Aerospace320 words
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Page 5 Advertisements
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Advertisement205 1998-01-31 5 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... The only course of its kind in Singapore, the MA in Asia Pacific Studies is an internationally recognised Master's level programme from one205 words
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Page 7 Advertisements
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Advertisement366 1998-01-31 7 The Straits Times WEEKLY EDITION 'lilt Straits Tunes Weekly Edition brings you a crisp summary of die week's major happenings in re and in the Asean region. Covering news bom social issues, politics, business, career opportunities and others, we bnng you closer to home wherever you may be, once a366 words
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Page 8 Miscellaneous
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Miscellaneous1115 1998-01-31 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 Market1,115 words
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SPORTS
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Article, Illustration523 1998-01-31 9 homas Koh - She leaves the SBA fold and now targets C’wealth gold BADMINTON By Tl homas Koh ZARINAH ABDULLAH has decided to leave the Singapore Badminton Association fold and strike it out on her own as a full-fledged professional. The 26-year-old announced last Friday that she523 words
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Article, Illustration476 1998-01-31 9 Santokh Singh - Goalie Effendy and midfielder Dalis dropped from Lions’ squad for indiscipline SOCCER By Santokh Singh NATIONAL No. 2 goalkeeper Effendv Sabtu and midfielder Dalis Supait have been suspended from the Singapore team for six months each. The suspensions, effective Jan 1, were for breaches of476 words
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Article, Illustration403 1998-01-31 9 Thomas Koh - BOWLING By Thomas Koh MIKE BOROSKAE, who led Singapore to its two biggest South-east Asia Games bowling successes this decade, is part of the Republic’s bowling iyThe man with the Midas touch who led Singapore to five golds each at the last two403 words
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MALAYSIA
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Article, Illustration645 1998-01-31 10 Brendan Pereira - Appointment ‘shows his rehabilitation is complete’ By Brendan Pereira in Kuala Lumpur FOR more than a year, supporters of prodigal son Tengku Razaleigh Hamzah waited for a sign tnat showed he still had a role to play in Umno. They saw it on Monday645 words
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401 1998-01-31 10 PENANG The Malaysian government will look* into tne possibility of helping its nationals withdraw Central Provident Fund (CPF) savings from Singapore, a report said last Friday. The Chinese daily paper. Nanyang Siang* Pau. quoted Deputy Home Min ister401 words
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434 1998-01-31 10 Avoid contest at divisional level for the sake of party unity, says Mahathir Bemama. KOTA BARU Election of party leaders at Umno divisions may be made through consultation, rather than contest, to maintain party unity, Umno president Datuk Seri Dr Mahathir Mohamad said onBemama. - 434 words
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138 1998-01-31 10 Reuters. KUALA LUMPUR A High Court judge has said that it would be cheaper for the Malaysian taxpayer if convicts were caned more times and then be given shorter jail sentences. Judge Vincent Ng said that employing men to cane offenders wasReuters. - 138 words
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Article, Illustration273 1998-01-31 10 KUALA LUMPUR Popular Malaysian singer Jamal Abdillah was found naked and in a daze in his car early last Thursday, a Malay daily, Utusan Malaysia, reported last Friday. A police spokesman said the singer claimed that he had been robbed when he was found) l (L/C fit o Uflll File picture. - 273 words
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SOUTH-EAST ASIA
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598 1998-01-31 11 Derwin Pereira - Temporary freeze on debt servicing proposed By Derwin Pereira, in Jakarta INDONESIA on Tuesday announced fresh reforms to revive its stalled banking sector and moved to address the crisis over its private sector debt by proposing a temporary freeze on servicing of598 words
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Article, Illustration231 1998-01-31 11 PHILIP LIM - by PHILIP LIM. THEY are bright-eyed and cheerful, but these children, aged between two and seven, mav not live beyond their 10th birthday because they are all HIV positive. They all have the human immunodeficiency virus which can lead to the231 words
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374 1998-01-31 11 Regional economic crunch Reuters. HIGH-RANKING military officials in both Indonesia and Thailand are joining the people in donating money and gold to help their governments overcome the monetary crises gripping their countries. In Jakarta, hundreds of Indonesian officers joined the “Love Rupiah’’ campaignReuters. - 374 words
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250 1998-01-31 11 Luz Baguioro - By Luz Baguioro. MANILA Former Philippine First Lady Imelda Marcos faces between nine and 12 years’jail as well as disqualification from public office after a Supreme Court on Thursday upheld her conviction on graft charges five years ago. She was also250 words
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COMMENT / Pick of the week’s editorials
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Article672 1998-01-31 12 JANUARY 31,1998 A POLL reveals that a majority of Americans are against giving financial help to Asia's problem ridden economies, but most say that they will consider it if they think the crisis might hurt the US economy The poll which was taken of a representative672 words
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Article663 1998-01-31 12 JANUARY 30 1998 COINCIDENCE it might be. but it cannot be without significance that the two characters that make up the Chinese word for crisis should stand for Danger and Opportunity. Singaporeans may feel they have had a surfeit these past few weeks, if not months,663 words
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Article669 1998-01-31 12 JANUARY 28.1998 IN THIS festive week. Singaporeans are enjoined to give thanks for the little mercies, vet be sober enough to acknowledge that the unsettled times will be with them for longer than they are accustomed to. But, first, go with the good vibes. Today is669 words
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Article, Illustration755 1998-01-31 12 Chua Lee Hoong - By Chua Lee Hoong TWO weeks ago my colleague. Bob Ng, wrote in this space about a common complaint among readers of The Straits Times that the newspaper seemed to purvev nothing but “gloom and doom'’ these aays. As indeed it755 words
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COMMENT/ANALYSIS
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Article, Illustration1193 1998-01-31 13 Koh Buck Song - By Koh Buck Song IF A week is a long time in politics, four years must seem a lifetime. But in a system with the kind of political stability that Singapore enjoys, it is in no way foolhardy1,193 words
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1090 1998-01-31 13 Tan Sai Siong - By Tan Sai Siong THREE Chinese Singaporean families I know are away from Singapore during the coming Chinese New Year holidays. But before any traditionalist reading this seizes the information as further evidence of Chinese Singaporeans losing touch with their roots, let1,090 words
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INSIGHT
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Article, Illustration1711 1998-01-31 14 When the retirement age is raised from 60 to 62 on Jan 1,1999, 10,000 Singaporeans who hit 60 will have the option to continue working for another two years. Is this bane or boon for worker and employer? Chua Lee1,711 words
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Article, Illustration1036 1998-01-31 15 Interview So what it is like for a 70-year-old woman to keep watch on 23 million refugees throughout the world? United Nations High Commissioner for Refugees Sadako Ogata talks to Chua Lee Hoong about her moments of exhilaration and exasperation.1,036 words
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Article, Illustration1077 1998-01-31 15 Sonny Yap - Thinking Aloud Sonny Yap IF YOU are out there, fairy godmother, please wave your magic wand and convert every word uttered or written on the regional financial quagmire to a US dollar. You see, with billions of words from assorted pundits and experts raining1,077 words
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MONEY
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328 1998-01-31 16 COLIN TAN - Weekly market review COLIN TAN THE short one-and-a-half day trading week failed to spark the usual the Chinese New Year rally, although Asian currencies firmed against the greenback amid uncertainty over US President Bill Clinton's political future in the light of the latest sex328 words
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Article61 1998-01-31 16 ST Industrials Index The Straits Times Industrials Index rose 0.09 points on the week to 1259.92. DAY CLOSE TURNOVER Monday 1256.30 3.53) 156.914 ($260 849m) Tuesday Wednesday Thursday Friday 1259.92 3.62) 86.579 ($171.043m) BT— MGA Index The BT—MGA Index rose 12.65 points on the week to 751.96.61 words
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Article1732 1998-01-31 16 Company Data ann Net earn TV LY <$m) ($m> EPS TV LV (ett) (Cts) AMDS* Nov 29 1 16.427 55.718 2.81 9.55 AS Auto Nov 6 7.240 4.895 654 1 5.44 Alexandra HldgiDec 15 4.039L 0.8847 13L 295 Alliance Tech Oct 2 1 5.432L 3.391L Asia Pac Ld*1,732 words
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Article207 1998-01-31 16 RIGHTS ISSUC Company Ratio Exdata Books close Acc Paymt Easykmt Thraa-tor Oac 31 Jan 7 Feb 4 BONUS ISSUE ExBooks Company Ratio data dose Datapulse One-for-two Jan 13 Jan 19 NYA Hup Song HuatOne-for-five Fab 2 Feb 9 Fab 19 OTHERS ExBooks Acc Company Ratio data close Paymt207 words
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Article74 1998-01-31 16 Company Rights Issue AIS8 Inno-Pac PMI Throo-for-fiy» MS5.50 One-for-one $0.30 Three-for-two #> M$1.00 Company Bonus issue H Roy»! Two for-throe Ktmiyen Corp Onefor-three turn Chanq Ono-for-fivo PMI Ono-for-four Company Others tnno-P*e Proposed issue of one wrt for every four ordinary shares. Keppei Corp Proposed issue of up to74 words
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Article99 1998-01-31 16 Eng Wan E 400 Orchard Rd »16-06 Orchard Towers (*****5) Feb 4 10.00am Malayan E Cement Bha President's Rm, Royal Selangor Club.JIn Raja Chulan (*****) Kl Feb 6 10.00am NST Bhd E The Theatrette Balai Benta.5th Fir 31 Jin Riong (*****)KL Jan 24 11.00am Aberdeen Asset Mgt A99 words
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Article937 1998-01-31 16 Payment Ex Books Pay <%» date close date AV Jennings 25« 1 5.4 Jen 2 Jen 8 Jen 22 AMDB Ln T 5.5 Dec 5 Dec 12 Dec 31 Amsteei Corp 50« b 10 Dec 23 Dec 30 Jen 19 Anteh Hldq 50C 1 6TE Dec 22 Dec937 words
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Article, Illustration346 1998-01-31 17 Yeow Pei Lin - By Yeow Pei Lin THE telecommunications industry's manufacturing revenue grewabout 14 per cent to $3.03 billion last year, says the Eco nomic Development Board (EDBi. “Another year of steady growth is expected as several major projects are coming on stream.” EDBPicture by WONG POK SEE. - 346 words
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354 1998-01-31 17 Tammy Tan - By Tammy Tan HALF of all adults in Singapore carry pagers the highest penetration rate worldwide. And about one in four uses a cellular phone. As at the end of last year, there were 1.3 million354 words
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410 1998-01-31 17 Ml HAS just signed up its 150.000 th cellular customer and may be able to rake in profits by next year—just two years after it began operations. Ml chief executive officer Neil Montefiore said: “We could actually be profitable now if we were not410 words
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Article151 1998-01-31 17 COUNTER RATES Singapore dollars to ona unit of foraign currency Buying OD Selling US dollar 1 7325 ***** Sterling pound ***** 2 9477 Australian dollar 1 1467 1.1960 Canadian dollar 1 1858 1 2257 NZ dollar 1.0015 1 0479 EC unit 1 9558 Singapore dollars to 100 units of151 words
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Article109 1998-01-31 17 Contract data: January 27,1998 UNIT ONE MTH 3 MTH 6 MTH 9 MTH 12 MTH CALL VALUE DATE uss 5 5 5 S% 5V, «’A. 3298 AS 4 1 4. 4'-. 4 2 3’-» 3298 NZS 7'V h r% 7 r% 7H 7‘/j 3298 STG 6 '<109 words
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Article448 1998-01-31 17 January 27.1998 HK* ASM Pacific 4 35 Allied Ind Int i 0 54 Allied Oversea 0 33 *0 03 Asia Sec Int 0 47 *0 03 BanK of EA 13 35 •0 05 C.P Pokphand 1 33 *001 COL Hotel 223 -0 07 Cafe De Coral 1 49 007448 words
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Article151 1998-01-31 17 Mars' Prices, January 28 [II !°>l S 3 l Pfi!K^l^OTiwwH!IPP f^TO}lilllll|ip Sp^fPfr^PlN! li “1 s il“ i s s| f fii f ?I|Hllft!ll Lift Jfffi 'll jiiissi ill ||l i &asam m *w 1 p^Pfifil > JllHISS ■m w s s 1 fi m ills 1 fll Iff151 words
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Article8735 1998-01-31 18 INDUSTRIAL AND COMMERCIAL Transaction Date: January 27.1998 I 1997 98 Cuit Last Vol Day Gr's Net M Cap Wt Avg High Low Company Traded Sale ♦orooc 1 High Low Div PE $mil Price 157 18 5 e ACE Dynamics60c 29 •1 30 29 28 23 7 288,735 words
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Article, Illustration611 1998-01-31 20 Colin Tan - By Colin Tan FALTERING Housing Board (HDB) resale prices fell another 6 per cent in the last quarter as the number of resale applications rose 17 per cent to 10,507 from the previous quarter. Resale prices fell 11 per cent vear-on-year in the final611 words
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Article, Illustration544 1998-01-31 20 Kalpana Rashiwala - Buyers can choose units when applying By Kalpana Rashiwala THE remaining 211 Yew Mei Green executive condominium (EC) units are to be sold on a first-come, first-served basis from late February or early March. Developer XTUC Choice Homes said buyers544 words
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238 1998-01-31 20 GOVERNMENT investment arm Temasek Holdings last Friday confirmed it had placed out 70 million Singapore Telecom shares at $3.09. The 70-million tranche was married at $3.09 on the local bourse last Friday, making up a total of 74.4 million shares in crossed238 words
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Page 21 Advertisements
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Advertisement1159 1998-01-31 21 £fx •■i s.,s 5 jfcnaM iHMk i r- f its Times Weekly Edition m:>X; Union Bancaire Privee GENEVE We are one of Switzerland's leading private banks with headquarters in Geneva, specialising in private and institutional asset management. To meet today’s challenges of expansion and needs of our clientele, we are1,159 words
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Page 22 Advertisements
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Advertisement908 1998-01-31 22 I Gartner Group/Dataquest is the world's leading independent GartnerGroup Singapore advisor to business professionals making IT decisions. With more than 500 analysts in 75 locations worldwide, Gartner Group provides over 8,300 client organizations and 30,000 clients around the world with timely, strategic advice on the application, management, measurement, market research,908 words
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FORUM
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Article, Illustration315 1998-01-31 23 Cab-cklvers to be proud of UNLIKE some people, I have nothing but praise for taxidrivers in Singapore. They are honest, clean, well-behaved, and speak only when spoken to. And the fares are inexpensive compared to the rest of the world. In Singapore I315 words
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262 1998-01-31 23 I BOARDED a cab one morning to go to school. After it had travelled about 50 metres, I suddenly realised that I had used up the notes in my wallet and would not have enough money to pay for my fare. I262 words
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Article, Illustration1477 1998-01-31 23 Resolving the Asian cirrency crisis I REFER to the letter “Attacking IMF and encouraging resistance can worsen situation” by Professor Linda Lim (ST Weekly Edition, Jan 17), the interview with Professor Jeffrey Sachs, “I’m in no government’s pay’’(The Sunday Times, Jan 11) and1,477 words
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Article, Illustration101 1998-01-31 24 IT DOES not matter that they are celebrating two completely different festivals Chinese New Year (on Wednesday) and Hari Raya (yesterday). As far as these Ang Mo Kio Avenue 10 neighbours are concerned, they have to tackle the same sort of planning for the occasion.Siok Eng. Picture bv TAN SCAN ANN. - 101 words
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Article, Illustration599 1998-01-31 24 Ahmad Osman - By Ahmad Osman TRADE and Industry Minister Lee Yock Suan has assured companies in Singapore that the Government will take appropriate measures to help them ride out the financial turmoil in the region. He did not elaborate on what might be done, but599 words
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497 1998-01-31 24 But must prepare for rough weather, says DPM BARRING the unexpected. Singapore's economy will not go into a recession despite the regional financial crisis, says Deputy Prime Minister Lee Hsien Loong. “Fortunately, our internal economic fundamentals are strong, our economy is497 words