The Straits Times : Weekly Overseas Edition, 7 February 1998
1998-02-07
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The Straits Times : Weekly Overseas Edition
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Title Section20 1998-02-07 1 The Straits Times WEEKLY EDITION SATURDAY, FEBRUARY 7, 1998 Price: 551.20 (in Singapore) Elsewhere by subscription only MITA (P) 047/08/9720 words
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Article, Illustration849 1998-02-07 1 Tan Li Eng - Seven growth areas identified to boost Singapore as a premier financial centre By Tan Li Eng THE Government-appointed committee on Singapore’s financial sector competitiveness on Monday unveiled radical new proposals while identifying seven key growth areas to project the Republic as Asia’s premier financial centre.– Picture by LILLIAN FOO - 849 words
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528 1998-02-07 1 Rav Dhaliwal - Crash of Silk Air Flight MIIBS By Rav Dhaliwal THE two black boxes recovered from the Silk Air 8737 that crashed in December have provided no clues so far on the cause of the disaster. This means the investigation is now528 words
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Page 1 Advertisements
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Advertisement12 1998-02-07 1 > ru Planning a CAREER Move CHECK OUT Pages 21 22 *****6« 181Z8812 words
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NEWS FOCUS
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Article, Illustration465 1998-02-07 2 Lynette Teo - DON’T LEAVE FOR CAMPUS WITHOUT IT By Lynette Teo WHEN Nanyang Polytechnic student Elizabeth Li, 18, attends a lecture, she flashes a smart card across a scanner for her attendance to be recorded. The card does not even have to leave her wallet to465 words
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Article, Illustration590 1998-02-07 2 David Miller - A hardcore heroin addict spends $37,000 a year By David Miller DRUG addicts here spend at least $35 million a year supporting their habits. The estimate is a conservative one and the amount could exceed well over $lOO million, depending on the number590 words
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483 1998-02-07 2 Yeow Pei Lin - By Yeow Pei Lin SINGAPORE’S largest property developer, Far East Organization, on Thursday said it had been granted a twomonth extension on payments for three residential sites bought in a government land sale. Chief executive officer Philip Ng said the483 words
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603 1998-02-07 3 Tan Ooi Boon - By Tan Ooi Boon A MAN whose children do not respect him as a father will not be forced to pay more than is needed to meet his children’s basic needs in a divorce case,603 words
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Article260 1998-02-07 3 DOOMED FROM THE START THE couple’s marriage was never a happy one as there were allegations ot the man's infidelities from the start in 1977, said the judge. Justice Warren Khoo said that the last straw came when the wife discovered her husband was having an260 words
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Article, Illustration440 1998-02-07 3 Ahmad Osman - Fails to pay $739,976 he owes for losing defamation cases By Ahmad Osman THE High Court yesterday declared Workers’ Party member Tang Liang Hone a bankrupt, when he failed to pay $739,976 in damages ana interest he owed after losing the defamation cases brought440 words
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566 1998-02-07 3 Braema Mathi - By Braema Mathi THE number of people applying for court orders to protect themselves against violent family members nearly doubled last year, with three quarters of the applications being made after amendments to the Women’s Charter Act came into effect. A total of566 words
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HOME
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Article, Illustration276 1998-02-07 4 IT TOOK 12 people two days to prepare the 18 types of yu sheng ingredients. Diners paid to toss it on Monday for good luck and for a good cause. Mandarin Hotel raised more than $60,000 for Ren Ci Hospital, as■ Picture by.* V ' ' STEPHANIE YEGW. - 276 words
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532 1998-02-07 4 Wong Chee Meng - By Wong Chee Meng SCHOOL students will soon be using a wider range of textbooks as the Education Ministry plans to open up the textbook market to commercial publishers. In eight years’ time, nine out of 10 school textbooks and workbooks will be532 words
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327 1998-02-07 4 AN UNEMPLOYED man broke into two secondary schools in one night, stealing 90 eggs from a canteen operator in one school and some cash from the general office in the other. Hamdan Ali, 22, dropped his wallet containing his identity card327 words
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238 1998-02-07 4 UNITED Overseas Bank’s first vice-president Pang Cheng Lian has been appointed Singapore’s non-resident ambassador to the Swiss Confederation, in addition to her Italy posting last April. Miss Pang, 54, is Singapore’s fourth woman envoy, and the first to be appointed a roving ambassador, who238 words
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Article, Illustration433 1998-02-07 5 SINGAPOREANS scour the Earth every day to bring back an array of goodies to put on local supermarket shelves. Apart from Thai rice, Cameron Highland vegetables and Australian beef, there is also chicken from Holland, fruit juice from Hungary, South African canned fruitsFABiAN CHAN MIN FAY; Picturt by STEPHANIE YEOW - 433 words
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Article, Illustration614 1998-02-07 5 Kwan Weng Kin - One million to savour local dishes at food fair By Kwan Weng Kin Japan Correspondent TOKYO Authentic Hainanese chicken rice with all the trimmings and other typical Singapore dishes can now be savoured all over Japan, thanks to a first-ever nationwide promotion of Singapore614 words
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Article, Illustration589 1998-02-07 7 Karamjit Kaur - Tougher penalties being studied By Karamjit Kaur MORE than 160 motorists are caught every month using cellular phones while driving and the Traffic Police are concerned about the “unduly high” number. A blitz in October alone caught 300 offenders. They were issued with summonses. Traffic589 words
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393 1998-02-07 7 Lim Seng Jin - By Lim Seng Jin MORE than 800 young people in Singapore have to be home even earlier than Cinderella by 10 pm every day of the week. And they have to remain indoors till 6 am. But they tolerate the393 words
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Article, Illustration483 1998-02-07 8 Seletar Expressway accident CABBY Ng Yew Soon, who was hit by a police car after he had stopped on the Seletar Expressway to help an injured motonst last Friday died on Sunday afternoon without regaining consciousness Mr !Sg. 40 had suffered seri483 words
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Page 5 Advertisements
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Advertisement25 1998-02-07 5 Hey, what’s cooking? V A Chicken rice Fried Hokkien mee Char siew rice Dry wanton mee Little India fish curry Gula melaka Coconut ice cream25 words
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Advertisement209 1998-02-07 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 Am Pacific Studies is an internationally recognised Master's level programme from one209 words
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Page 6 Advertisements
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Advertisement250 1998-02-07 6 All w m A I CPFgoesONUNE "Anything about my CPF account Anywhere." 1 Gain access to your CPF Account from any part of the world. For the convenience of CPF members, CPF Board has launched its new Online Services on PAL-Internet. Now, wherever you are, you can gain access into250 words
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Page 7 Advertisements
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Advertisement172 1998-02-07 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 ST172 words
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Page 8 Miscellaneous
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Miscellaneous1121 1998-02-07 8 RADIO SINGAPORE INTERNATIONAL (ENGLISH) PROGRAMME SCHEDULES 1100 1400 Hours (GMT) 601 5 KHz (49M BAND) 6055 KHz (49M BAND) MONDAY 1100 News 1109 Business Market Report 1115 Arts Arena 1130 News 1135 Tne Front Page 1138 E Z Beat 1145 Newsnne 1200 News/Weather (Asia-Pacific) 1205 E Z Beat 1220 Business1,121 words
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SPORTS
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539 1998-02-07 9 JUDGING by the quality of the local players alone, most observers believe that the upcoming season will be a twohorse race between Singapore Armed Forces FC ana Geylang United. SAFFC has five national players but its true depth is shown by its539 words
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Article, Illustration627 1998-02-07 9 Shirlynn Ho-Pereira - BOWLING By Shirlynn Ho-Pereira IT IS business as usual for Singapore’s bowling fraternity. The Singapore Tenpin Bowling Congress (STBC) is determined not to be derailed by the recent departure of its director of coaching Mike Boroskae, who left on acrimonious terms, and has already acted627 words
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Article, Illustration539 1998-02-07 9 Hakikat Rai - ATHLETICS By Hakikat Rai JUNIOR sprinters Timothy Yeo and Nurulaini Ariffin are looking overseas to give their athletics and academic pursuits a lift. The pair, who were ranked among the top two at both the junior and senior levels in the 100 and539 words
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MALAYSIA
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Article, Illustration731 1998-02-07 10 Holiday road deaths continue to rise KOTA TINGGI The death toll on Malaysian roads during the festive season continued to rise on Monday when six members of a family were killed when their car was involved in an accident along the Kota Tinggi-DesaruBernama picture. - 731 words
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269 1998-02-07 10 KUALA LUMPUR Mr Mohamed al-Fayed. the owner of England’s Harrods department store, is set to spearhead the drive to restore confidence in Malaysia's economy. The Egyptian-born billionaire, who nad discussions with Prime Minister Datuk Seri Dr Mahathir Mohamad on Wednesday, gave a269 words
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614 1998-02-07 10 Brendan Pereira - ‘Times are hard, son, so come back home and study Students overseas feel the pinch Regional Economic CRUNCH By Brendan Pereira in Kuala Lumpur FOR engineering student Eric Lim, the dreaded call came 10 days ago. His 48-year-old father, who runs a sundry shop here, cut through the usual small614 words
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SOUTH-EAST ASIA
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Article, Illustration831 1998-02-07 11 Susan Sim - Move calls for multilateral consortium of backers By Susan Sim Indonesia Correspondent JAKARTA Prime Minister Goh Chok Tong on Tuesday announced a Singapore initiative to help Indonesia “unlock” part of its international financial crisis a scheme involving several countries that would guarantee paymentReuters picture. - 831 words
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Article, Illustration265 1998-02-07 11 Derwin Pereira - By Derwin Pereira in Jakarta INDONESIANS and foreigners residing in the country from Thursday have to pay a higher exit tax of one million rupiah (*****) when leaving the country by air, the Finance Ministry announced on Monday. This is up from the current exit tax265 words
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345 1998-02-07 11 Luz Baguioro - By Luz Baguioro in Manila PHILIPPINES President Fidel Ramos on Monday vowed to help the thousands of Filipinos who have lost tneir jobs in the wake of the regional economic crisis, as officials warned of continuing turmoil in the financial markets. “We remain345 words
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192 1998-02-07 11 AFP. BANGKOK Several Karen families had been moved from a “human zoo” in northern Thailand after a raid by police and provincial authorities, officials said on Thursday. The Karens, who traditionally wear several brass rings to stretch their necks, had apparently been keptAFP. - 192 words
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COMMENT / Pick of the week’s editorials
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Article677 1998-02-07 12 FEBRUARY 7 1998 AN AUSTRALIAN convention of 152 elected and appointed dele gates is. to judge from accounts, making a smorgasbord of the constitutional choices that it is to prepare for a nation which, many Australians think, had achieved nationhood in 1901. The delegates have677 words
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Article652 1998-02-07 12 FEBRUARY 5.1998 PRIME Minister Goh Chok Tong's visit to Indonesia this week his third since the rupiah began its decline in late August highlights the role that Singapore is playing in trying to resolve the region’s financial crisis. It was partly in recognition of this effort that652 words
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Article639 1998-02-07 12 FEBRUARY 4.1998 INNOVATION being the key to survival, especially in times of uncertainty, the recommendations of the Sub-committee on Banking and Finance must be commended for reaching out boldly to a brave new world of economic regeneration when Singapore can expect to flourish as an639 words
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Article, Illustration926 1998-02-07 12 Yeong Ah Seng - By Yeong Ah Seng TO MANY people, the Year of the Tiger carries ominous portents and is a year in which one should “take cover" and do nothing. I, for one, believe, however, that it is a year to take decisive action, as926 words
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COMMENT/ANALYSIS
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Article, Illustration1081 1998-02-07 13 TanSaiSiong - By TanSaiSiong ASSOCIATE Professor Walter Woon. Singapore's ambassadordesignate to Germany, talked enthusiastically in a recent interview about'that country’s tolerance and alternative lifestyles, adding that the Germans could teach us a lot about being creative and tolerant at the same time. Was it a case of1,081 words
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824 1998-02-07 13 Jason Leow - By Jason Leow EVERY government programme in Singapore seems to come with its fair share of conspiracy theories. The Communitv Development Council national helpline launched on Jan 3 is no exception. The talk is that with the widening embrace of this community project,824 words
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INSIGHT
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Article, Illustration1783 1998-02-07 14 From unskilled storeman to would-be wafer-fab technician Mr Wong Liang Kee, 45, fits the bill of a Mandarin-speaking unskilled worker with less than a secondary education, but he was looking forward to a happier and more prosperous Chinese New Year.Picture by SONIA TAN. - 1,783 words
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Article, Illustration1101 1998-02-07 15 Giving youtJis a can-do spirit and wider outlook on life that is the mission of new National Youth Council director Goh Chye Boon. Describing himself as an average young Singaporean, the 28-year-old gives Jason Leow an insight into the1,101 words
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Article, Illustration1301 1998-02-07 15 Han Fook Hwang - Thinking Aloud Han Fook Hwang ”A CMNESH farmer had a horse. "One day. the horse jumped over the fence and ran away. Is this good or bad? "The next day. the horse came back, and together with him came a wild1,301 words
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MONEY
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449 1998-02-07 16 COLIN TAN - Weekly market review COLIN TAN A CHINESE New Year rally did show up after all although somewhat belatedly. Pent-up buying from the three-day holiday exploded on Monday in a record single day gain of 173.07 points which lifted the Straits Times Industriala Index fSTII)449 words
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Article856 1998-02-07 16 sSfSisislSSt iff ill Si5f £|f S!il||ssg8i3f f If iJMf liif Si-ssss*|ilsi jiii '1'(i''|il|{ii> 1 .I* 1 ij M r{ i* i'H sS«SS8D!S: K5 K u ’R 0> S s D! :3u, s *‘-KS u, »8 ,o S w 5 s »8g' < KSSS 5S^ c g^SS-‘'KS:* Z 2856 words
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Article208 1998-02-07 16 WIGHTS ISSUC e*Acc 6 Company Ratio data closa Piyitit Casyknit Three-for-TwoGHKlOC Oac 31 Jan 7 Fab 4 BONUS issue tx Company Ratio data closa OoUpulJ» One-for-two Jan 13 Jan 19 NY A Hup Sang Huat Ona-for-flva Fab 2 Fab 9 Fab 19 OTHERS ClBooks ACC 6 Company Ratio208 words
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Article75 1998-02-07 16 ST Industrials Index The Straits Times Industrials Index rose 276.99 points on the week to 1536.91. DAY CLOSE TURNOVER Monday 1432.991+173.07) 663.180 ($947.908m) Tuesday 1417 901- 15.09) 756.8041$ 1092.982m) Wednesday 1425.231+ 7.33) 617.184 ($736.181m) Thursday 1492.151+ 66.92) 920.697 ($716.541m) Friday 1536.91 44.76) 1229.023($947.076m) BT— MGA Index The75 words
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Article912 1998-02-07 16 Paymant Kx daU 11 Pay data AV Jennings 25C 1 5.4 Jan 2 Jane Jan 22 Amsteel Corp 50C b 10 Dae 23 Dae 30 Jan 19 Anteh Hldg MX b 6TE Dae 22 Dae 29 Jan 23 AISBSOC b 5 Jan 2 Jan 7 Jan 23 Aim912 words
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Article73 1998-02-07 16 Company RigMt Itsua AIS6 inno-Pac PMI Thraa-for-tivo MS5.50 Ono-for-ono $0.30 Throo-for-two M$1.00 Company Bonui Istua M Royal Two-for-throo Komayan Corp Ona-for-throo Lum Chong Onp-for-fiv» PMI Ono-for-four Company Othon Inno-Poc Proposed issue of ono wrt for ovary four ordinary shores. Koppol Corp Propotod issue of up to 3SO.OOO redoomoDIo73 words
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Article106 1998-02-07 16 Eng Wah E 400 Orchard Rd Fab 4 10.00am Malayan E «16-06 Orchard Towar» (*****5) Praudant's Rm, Royal Fab 6 10.00 am Camant BM NST Bhd E Salangor Club.JIn Raja Chulan (*****) KL Tha Thaatratta Jan 24 11.00am Abardaan A Balai Bant a. 5th Fir 31 Jin Rlong106 words
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645 1998-02-07 17 Tan Li Eng; LEE CHEE CHEW - Rising interest rates and growing publicity cited By Tan Li Eng LEE CHEE CHEW MORE Singaporeans are moving chunks of their CPF savings into fixed deposits to take advantage of higher interest rates, say bankers. Other reasons for the trend are the poor645 words
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Article180 1998-02-07 17 COUNTER RATES Singapore dollars to one unit of foreign currency Selling Buying 00 USdollar 1 6472 1 6837 Sterling pound 2 6993 ***** Australian dollar 1 0982 1.1455 Canadian dollar 1 1405 1.1794 NZ dollar 0 9507 ***** EC unit 1.8607 Singapore dollars to 100 units of foreign currency180 words
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Article113 1998-02-07 17 Contract date: February 6, 1998 UNIT ONE MTH 3 MTH 6 MTH 9 MTH 12 MTH CALL VALUE DATE USS 4'K, 5 5 5 S’/.. 4 Vi. -0/2/98 AS 4V. t 4V„ 4 4 j 3’ 0 2 98 nzs 8',, 8 8 7’»,,, 7', 7% 12-98113 words
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Article, Illustration461 1998-02-07 17 William Choong - By William Choong GERMAN firm Wacker Siltronics AG says it is considering investing ub to $1 billion to build a plant in Singapore that would be the first facility in Asia outside Japan to make 300 mm silicon wafers. Wacker on Tuesday laid461 words
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Article427 1998-02-07 17 February 6,1998 HKS ASM Pac^c sao *0.250 Alhad ind int 1 0 5* A* a Seclot 077 0 07 Bank oft A 15 60 0 40 C P Poknhani 1 53 0 11 COL Hole 2 45 *0 03 Cate Oe Cora 1 unch Gath Pac Air 760 •0427 words
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Article127 1998-02-07 17 Mgrs Prices, February 7 1 s||ss|' Zts bmti iiPipPp i m l§l t S& m £?s SS4 L L Sfci* iji I II nil IP pijffifii 1 1 HI 11| I s i III ill m 1 ill I m I If !l sifmipif i? v 11)! ji{iM127 words
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Article8755 1998-02-07 18 1 INDUSTRIAL AND COMMERCIAL Transaction Date: February 6.1 998 I 1997 98 Curr Last Vol Day Grt Net M Cap Wt Avg High Low Company Traded Sale TOT000 High Low Div P/E $mil Price 157 185 e ACE Dynamics60e ASE NTS10 200 US 40 4 179 40.58,755 words
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Article, Illustration493 1998-02-07 20 Kalpana Rashiwala - EC come, EC go? Reports by Kalpana Rashiwala THE Government says it will review, in the second quarter, its plan to release land for 3.000 executive condominium (EC) units this year. It did not indicate whether it would cut supply but mar493 words
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598 1998-02-07 20 IT MAY be time to scrap executive condominiums, say some marketwatchers. citing the under-subscrip-tion for the latest EC launch and the fact that everyone eligible in the HDB executive flat queue has been given a chance to buy an EC unit. However, others598 words
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620 1998-02-07 20 Jean Chia - By Jean Chia CASH-RICH statutory boards have been singled out recently for being investment fuddy-dud-dies but for the Urban Redevelopment Authority, this conservatism has actually paid off. The URA escaped the regional financial crisis when it held back on investing620 words
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Page 21 Advertisements
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Advertisement878 1998-02-07 21 ■'■>'• K' J < i '*h f> $L *#>! •■••</:- r* ramraßmssßsSaSßaaSarara asEB is .»i A fill! s *:*>: mm mwi Mg r®:ft mms mm A National Dental Centre The National Dental Centre (NDC) functions as the principal referral centre for dental disciplines and provides training for postgraduate dentists and878 words
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Page 22 Advertisements
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Advertisement1160 1998-02-07 22 Singapore Telecom Innovative, responsive with a total commitment to delivering superior solutions to our customers -that's how we see ourselves in Singapore Telecom. We are looking for people who are talented, result-oriented, resourceful and highly adaptable to a fast evolving and challenging environment, people with the drive and creativity to1,160 words
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FORUM
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Article, Illustration883 1998-02-07 23 MY HEART leapt with delight as I read your report “MOE spells out how to nurture whole person; Education more than just academic achievement, says PM” (ST Weekly Edition, Jan 24) I am a primary school form teacher shepherding 36 children in Primary 5.883 words
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Article, Illustration518 1998-02-07 23 A case of homophobia? I REFER to Tan Sai Siong’s article on social tolerance (see page 13). She gave three examples of the dire consequences of liberalism: President Bill Clinton’s alleged sexual dalliances, British Foreign Secretary Robin Cook’s extramarital affair and the fact that Britain has518 words
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347 1998-02-07 23 A year ago, Deputy Prime Minister Tony Tan indicated the Government’s intention to make the Central Provident Fund system more flexible to give people more control over their own money. Indeed, the CPF Board is essentially a custodian of our hard-earned savings.347 words
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696 1998-02-07 24 Kevin Ong - By Kevin Ong WORK to implement a regional haze action plan is being carried out at an urgent pace and there is not much that can be done to speed it up despite fresh Indonesian fires, said the Environment Ministry (ENV). Some 93696 words
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Article, Illustration141 1998-02-07 24 WHILE Mr Peh Hay Leng lay injured in a Johor oil palm plantation, someone was using his POSBank ATM card to withdraw $6,600 of his savings. The man in this picture may be a member of the gang that abducted Mr Peh, beat him up, robbed him and141 words
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Article, Illustration516 1998-02-07 24 Jasbir Singh - By Jasbir Singh SINGAPOREAN Peh Hay Leng, 47, was abducted, beaten, stabbed, robbed and dumped in a Johor oil-palm estate on Chinese New Year’s eve. For a week, he survived on ditch water and prayer, as he struggled to516 words