The Straits Times : Weekly Overseas Edition, 4 April 1998

Total Pages: 24
1 24 The Straits Times : Weekly Overseas Edition
  • 21 1 The Straits Times Weekly Edition The Straits Times Saturday April 4,1998 Price: 551.20 (in Singapore) Elsewhere by subscription only MITA(P) 047/08/97
    21 words
  • 477 1  -  East Coast Parkway traffic dipped by 17 per cent during morning rush hour on the first day of Electronic Road Pricing By KA RAM JIT KAL R SINGAPORE’S move to Electronic Road Pricing (ERP) went off without a hitch on Wednesday as thousands of motorists
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  • 310 1 EACH of the children in this picture is the product of a successful science experiment. And in many cases, the experiment was twice or thrice as successful as their parents had expected originally. That was why more than 300 children and their parents turned up
    STEVEN LEE  -  310 words
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  • PRIME NEWS
    • 382 2  -  URA is revamping Circular Road, with sidewalks widened tor more alfresco dining B 7 1 GINME TEC) THERE will be more outdoor dining in the Boat Quay area next year when Circular Road, behind the row of riverside restaurants, is widened, the carpark lots
      LEE CHEE CHEW  -  382 words
    • 356 2  -  IN HONOUR OF TAN LARK SYE 8,, LEONG WENG RAM NANYANG Technological University received $l.B million on Monday to set up a professorship in honour of Mr Tan Sve, exactly 40 years after the late Chinese community leader and philanthropist founded the former
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    • 197 2 MR TAN LARK SYE, who made his fortunes trading in rubber between the late 1920 s and the early *****, was bom in Tong An County in Fujian province, China, in 1897He came here at the age of 18 to work in a
      LU’FOOK KOVC  -  197 words
    • 187 2 PROPERTY tax valuations will be available on the Internet this month. The Inland Revenue Authority of Singapore (Iras) will provide the service. It is taking over from Teleview, following Singapore Telecom's decision to stop offering the loss-mak-ing Teleview’ service this month. The valuation lists give the
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    • 489 3  -  Hot-tempered killers and those who commit crimes of passion won’t be let off easily, Appeal Court rules «IL TAN 00l BOON MERE words can provoke a person to kill but the law will not excuse hot-headed murderers who overreact, Singapore’s highest court ruled. Ix*ss of self-control
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    • 103 3 WINDY MESS AT EVEREST: This was the Singapore Everest Team’s main tent before the windstorm. Now it is a mess of orange material and aluminium-alloy rods. The strong 150 kmh winds that crushed it on Wednesday morning nearly levelled the expedition’s base camp. Team members said
      JLSTIN LEAN  -  103 words
    • 515 3  -  BRENDAN PEREIRA IS KUALALUMPUU MALAYSIA widened the net to snare insider traders on Wednesday, and told investors they could sue people who manipulated stocks. These were two key changes to the Securities Industry Act 1983, which Securities Commission (SC) chairman Datuk Munir Majid said were
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  • HOME
    • 789 4  -  Yeo Leong Hock first blamed robbers for killing his lover. When caught lying, he said his son, Choon Kwee, did it Bii TAN 001 BOON A JOBLESS man who battered his live-in lover to death but put the blame on “robbers" was sentenced
      SHIN MIN; CHEWSENC KIM  -  789 words
    • 457 4  -  HUSBAND AND DAUGHTERS DID NOT KNOW By SHARON VASOO and TAN 001 BOON MADAM Ng Yook Pheng’s family in Malaysia did not know about the affair she had with her killer. Until they had to identify her body at the mortuary here in March last
      CHEWSENC KIM  -  457 words
    • 574 5 TAN 001 BOON does number-crunching to show hoiv much it costs to bring a case to amrt and finds that bad times mean good money for some lawyers. THE economic crunch may have hit many lawyers but those doing courtroom work still report a “boom
      Craphio by JAI.EH A HASHIM; Krw«rch TAN OOI BOON  -  574 words
    • 546 5  -  HE LIVES NEXT DOOR. HE'S MY ENEMY Hu GINNIE TEO NEIGHBOURLINESS is giving way to nastiness, and cosiness to combat. Disputes between neighbours are increasing, say lawyers, police and the courts. More people are taking matters into their own hands, and taking these squabbles to court.
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    • 450 6  -  Rival chairmen in leadership tussle that lasted more than a year are not among the new board of directors CHANG AI-WEN THE Chinese High boardroom battle appears to be finally over. Following a leadership tussle that lasted more than a year ar.d sparked a flurry
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    • 223 6  -  «V SANDRA DAVIE FOR the first time in over a century, St Joseph's Institution will have a layman as its principal, not a religious brother of the Catholic De Salle order. Deputy Principal Lui Seng Cheong's appointment to the top job at the independent
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    • 268 6  -  By SEBASTIAN TONG and HO AI LI A 13-YEAR-OLD Dunman Secondary School student died hours after bumping into tw’o schoolmates and apparently hitting his head on the ground during a run. The run last Wednesday morning was part of Secondary 1 student Goh Wei
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    • 207 6  -  SEBASTIAN TONG AN 11-YEAR-OLD girl, described as “slightly overweight", collapsed in school last Thursday, when the temperature hit a record high of 36 degrees Celsius. Chen Jiamin, a Primary 5 pupil of Min Xin Primary School in Bedok, was taken to Changi General Hospital,
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    • 384 7  -  Survey shows Singapore women are more likely to De hit by depression and anxiety and to attempt suicide than men By LEA WEE SINGAPORE women are 1.5 times more likely to suffer minor mental problems such as depression and anxiety than men. The National Mental
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    • 139 7 MOST parents with delinquent children seem to prefer to see their offspring prosecuted. Only six out of 35 such parents bothered to give their children a second chance under the Police Caution Cases Guidance scheme. The scheme requires juveniles and their parents to go
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    • 335 7 PSYCHIATRISTS at the National University Hospital have seen a sharp rise in the number of teenagers attempting suicide. Last year, NUH counted among its patients, 79 between 10 and 19 years old who tried to kill themselves, more than double the 35 seen
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    • 159 8 SINGAPORE has signed an international maritime declaration on improving shipping safety. Minister of State (Communications) John Chen signed the Joint Ministerial Declaration on Port State Control last Wednesday at the end of a two-dav conference in Vancouver. Canada. A ministry statement said that Singapore's
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    • 436 8  -  For this flat charge, the taxi driver helps passengers with their luggage and will even escort them to the car B'/8 KARAMJIT KAL R A LIMOUSINE taxi service is now available at the airport. For a flat charge of $.35, drivers help passengers with their luggage
      DAKHENSOH  -  436 words


  • Page 6 Advertisements
    • 207 6 t n? 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... I The only course of its kind in Singapore, the MA in Asia Pacific Studies is an internationally recognised Master's level
      207 words

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    • 172 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 whereveryoumaybe. Yes! Every week. Subscribe now. And be at home with the ST weekly. The Straits
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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
    • 203 9  -  ATHLETICS By 1 KIAKIKAT RAI THE cream of Singapore’s athletes can look forward to “retirement” benefits when their track careers are over. That was the Singapore Amateur Athletic Association's (SAAA) message when it launched an endowment fund over the weekend. The scheme, the brainchild of
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    • Article, Illustration
      664 9  -  There is good money to be made playing professional soccer here SOCCER *L THOMAS KOH MANY young Singaporeans are getting the chance to live out the dream of being a professional soccer player in the S-League. As Tiong Bahru United manager Abol Fazl said: “Fresh university graduates
      EKNESTCOII  -  664 words
    • 500 9  -  GOLF By TAY CHENG KHOON THE Singapore stock market is showing signs of recovery. Property prices are picking up. And even COE prices have made the Utum. But not the price of golf club memberships. A check with golf clubs and club-membership agents shows
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  • MALAYSIA
    • 325 10 Rationing may last until the year-end in some areas if the (In' spell continues and until new water treatment plants are ready Reuters KUALA LUMPUR Malaysia had started rationing water in parts of Kuala Lumpur due to a severe drought. Deputy Prime Minister Datuk Seri Anwar Ibrahim
      – Reuters  -  325 words
    • 81 10 AGONY is written on the faces of kidney patients Man Yok Mob (left) and Mok Meng Tein, who have been hit badly by the water shortage in Petaling Java. For kidney patients requiring dialysis, a good supply of water is necessary during treatment. These two patients
      MVI.AY MM  -  81 words
    • 299 10 KUALA LUMPUR All immigration offices will be able to issue a new, “intelligent" passport embedded with a computer chip by May. Immigration Department director-general Datuk Aseh Che Mat said the computerised system needed to process the new passports had alreadybeen installed in all its offices.
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    • 322 10 Bernama. MUAR Malaysia's Deputy Prime Minister Anwar Ibrahim reiterated on Sunday that Malaysia’s pro-bumi-putra policy would not be compromised even as the country moved to overcome the effects of the current economic crisis. Datuk Seri Anwar, who is also Finance Minister, said the government's plan
      Bernama.  -  322 words
    • 282 10 MALACCA Would you pay M 513,160 (556,050) for a computer table or M $13,300 for two chairs? The Malacca government did. It took the money from its emergency fund meant for flood and fire victims, according to the A-G's report for 1995, The
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  • SOUTH-EAST ASIA
    • 405 11  -  Philippine polls appear to have become largely “family affairs”, where public posts are passed from one generation to the next b 'J LUZ BAGUIORO IN' MANILA DESPITE a constitutional ban on political dynasties, hundreds of politicians are fielding their spouses, children or siblings to run
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    • 391 11  -  THE PHILIPPINES' ORGAN TRADE By LUZ BAGUIORO IN MANILA THE trade in human organs is thriving in the Philippines, where kidneys go for U 5525,000 (5540,768) each to foreigners desperate for a transplant. Patients come from all parts of the world Germany, Japan, Saudi
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    • 46 11 FLOOD OF MEMORIES: It happened in 1994. Last week, Indonesian Minister of Social Affairs Ms Siti Hardyianti visited residents in the flood-stricken areas of Bandung, which was hit by the worst flooding since 1994, and told them to transmigrate to other regions. AKP
      AKP  -  46 words
    • 327 11  -  By SUSAN SIM INDONESIA CORRESPONDENT JAKARTA The Indonesian state Budget could get a fillip if several foreign investors get their wish to buy into five listed state firms, as a pro-privatisation mood hits cash-starved Jakarta. Finance Minister Fuad Bawazier said the government had received offers
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  • COMMENTARY
    • 596 12 FRIDAY April 3,1998 IT IS entirely the fault of Singapore Cable Vision (SCV) if it suffers from a crisis of confidence even before it has really got going. No one else can answer the two main questions that everyone is asking When? and How much? The feedback in
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    • 558 12 TUESDAY March 31, 1998 Malaysia's police action against rioting illegal immigrants from Indonesia last week was a sad but unavoidable move. The Acehnese in three detention centres who rioted and resisted attempts to deport them on Thursday were desperate people. Many Acehnese in Malaysia say they are
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    • 733 12  -  Second Last Word SIA CHEONC YEW IF YOU have not thought about it, perhaps you should now’. I am referring to the problem of illegal immigrants which Singapore is now facing. As is to be expected, those of us who are not in the
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    • 935 13  -  MY VIEW y DOMINIC NATHAN FLEEING Indonesians, speeding towards Malaysia and Singapore, are no longer just an immigration and security threat. They are the main protagonists in what could be the making of a maritime disaster of Titanic proportions. Picture motorised sampans
      LUDWIG ILIO  -  935 words
    • 836 13  -  Negative perception arnongpeople of soldiers in uniform seems to imply a lack of appreciation of total defence Bi/) KOH BUCK SONG I AST Thursday afternoon, I went back to work in my army uniform, at the end of nearly two weeks of incamp training.
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  • INSIGHT
    • 1532 14 The influx of illegal immigrants here is a stark reminder of the arrival of the boat people in the *****. Will there be a similar exodus from Indonesia Wnu is the Government taking such a harsh stand? Or is kindness out of
      NOEI. KOSAI.KS  -  1,532 words
    • 1239 15  -  THINKING ALOUD HAN FOOK KWANG IF IT wasn't so tragic, it might almost be funny how one little figure holds the key to whether 200 million people will have a future and enough to feed themselves. No. I'm not referring to President Suharto,
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    • 783 15  -  THIS WEEK IN POLITICS KOI! BUCK SONG Starting this week, a new weekly round-up which makes sense of the weeks key political events and tells you what to expect. WHEN a Prime Minister travels, three situations are possible: (1) trouble is brewing
      RFfTKHs  -  783 words


  • MONEY
    • 368 16  -  WeeUy money review to 1,551.51. DENNIS CHAN. THE Singapore stock market was badlv oruised this week as disappointment over the half-hearted fiscal stimulus package announced by the Japanese government to revitalise its economy spilled on to regional stock markets. With the Japanese
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    • 78 16 ST Industrials Index TIm Straits Timas Industrials Indti droppad t ha weok ta 1551.51. 102.42 points on DAY CLOSE TURNOVER Monday 1548.56 5.37) 180.573 ($247.841m) Tuesday 1629.18 (-19.38) 192.177 ($297.358m) Wednesday 1600.12 (-29.06) 215.336 ($326.052m) Thursday 1568.60 (-31.52) 293.977 ($363.393m) Friday 1551.51 (-17.09) 250.866 ($334.018m) BT-M6A Index
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    • 1858 16 Company D«t« •nn Net earn TY IY <$m) ($m> EPS TY tY (eta) (cts) Acm* SOc Mar 20 P 23.535 49.344 14.2 24.5 Acer Mar 13 P ***** 32.481 14.3 19.6 Ace Dynamic* Mar 25 P 0.677 7.342L 0.83 9.9L Amtek Eng Mar 16 1 7.073 11.886 4
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    • 172 16 RIGHTS ISSUe Ex* Books ACC t Company Ratio date cloea Paymt DBS One-for-flve »S$6.00 Mar 30 Apr 3 NA DBS-Foreign One-for-five *S$8.50 Mar 30 Apr 3 NA BONUS ISSUE ExBooks Company Ratio date close DBS One-for-ten Mar 30 Apr 3 NA Enq war, One-for-two Feb 13 Feb 20
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    • 89 16 Company Rigntt laaua AISB Thryolor-flva MS5.50 Inno-Pac Ono-for-ona $0.30 Malarial H 0na-for-ona«$0.20 PMI Tnraa lor-two 9 MSI OO Company Bo nut laaua H Royal Two-for-thrao H Sang Huat Ona-for-fiva Kamayan Corp Ona-lor-throa Lum Chang Ona-lor-flva N6T Ona-for-fiva PMI Ona-lorlour Sup Motal Ono-lor-two Company Othara Inno-Pac Propoaad laaua of
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    • 96 16 Company Plata Date Time TRI-M E 25 Katlanq Ava *07-01/06 Kalla ng Basin Ind Estate Apr 3 10.00am CASA Hldg E 62 Joo Koon Circle (*****5) Mar 30 10.00am Lion Asiapac E 10 Arumugem Rd #09-00 Uon tnd Bldg (*****7) Mar 31 10.00am ST Capita) E Conference Room
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    • 1162 16 Payment Cx date Books close Pay date Acma 50c F 15 Jul 2 Jul 9 Jul 22 Amtek Enq 20c 1 7.5TE Mar 25 Apri Apr 13 Avimo 20< F 16.25N Mar 11 Mar 18 Apr 3 Auric Pac 50c F 6 Apr 14 Apr 21 May5 BAT
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    • 518 17  -  Many banks raise or are set to jack up minimum sums for opening savings and fixed deposit accounts EDNA KOH MANY banks in Singapore are shutting the door on small depositors by raising the minimum amounts required to open savings or fixed deposit accounts.
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    • 211 17  -  A-HEAD-HUNTING THEY GO titt TAMMY TAN THE tender results are not out, but that does not stop the three consortiums vying for basic telephone licences from identifying their top executives. Most are set to lure top staff from rival Singapore Telecom and from leading
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    • 130 17 COUNTER RATES Buying 00 Selling Singapore dollars to one unit of foreign currency 1.6010 1.6360 Sterling pound 2.6442 2.7388 1.0416 1.0863 1.1189 1.1563 0.8698 0.9096 1.7630 Singapore dollars to 100 units of foreign currency Austrian schilling 12.0551 12.7233 4.1269 4.3243 Danish kronor 22.0617 23.2973 Deutschemark 85.7537 88.6879 french franc
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    • 109 17 Contract date: Apr 3, 1998 Unit Ont mth 3 mth» 6 mth* 9 mth* 12 mth* Call Value date US 57. 5'/» 5/, S’/» 57» 47» 8/4 AS 47» 4/. 4/. 47. 47. 37. 8/4 NZ$ 87. 8"/-, 87, 87. 87. 87. 8/4 STC 67, 67. 67,
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    • 813 17 Manager's prices: Apr 3,1998 1 Aberdeen Asset Mgt Asia Ltd Aberdeen S pore Gr Fund 0.946-0.995 Aberdeen Select Portfolio (et NAV) 0.974** 0.840** 1.100** 0.949** 0.903** 1.080** AIB Govett (Alio) Ltd Govett Asia Pacific Growth Fd 0.880-0.924C® Govttt Global Brands Fd 1.094-1.149* American Inti Assur AIA Unit Linked
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    • 3957 18 Transaction date: April 3,1998 1 INDUSTRIAL 1998 High Low COMMERCIAL Curr Last Company Traded Salt ♦Of* Vol 000 Day Hiqh Low Cr's Div Nat M Cap P/E Smll Wt Avg Price 43 18.5 a ACC Dynamics60c 34.5 -0.5 182 34.5 32 0.3 43.1 28.3 36 ASC NT$10
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    • 843 18 1998 High Low Company Curr Last Tradtd Salt ♦orVol 000 Day High Low Cr'» Olv Nat P/E M Cap $mil Wt Avg Prlca 134 96 e ABRHldgsSc 116 51.6 116 243 76 f AS AutO IOC 189 •11 115 200 189 15.ON 15.8 215.8 199 82 48.5 a ASJHIdgs20c
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    • 1693 19 BONDS, LOANS WARRANTS Transaction date: April 3,1998 1998 High Low Company Last Sala ♦orVol •ooo Day High Low Last Ouota Buyar Sallar m Avq Prlca 23.5 9 m m AMDS c5.5%*****6 18 12 20.5 8 ‘Acer W*****1 US$ 13.5 -0.5 20 13.5 13.5 12.5 13.5 95 8.5 Acma W*****4 24.5
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    • 1522 19 Transaction date: April 3,1998 1998 High Low Company Curr Last Tradad Sala Vol ♦Of ■000 Day High Low Gross dly Nat P/E M Cap Smll MALAYSIAN STOCKS (in S$) 135 28 ms AISB50C 87 •2 504 89 85.5 5.0 35.5 89.2 65.5 12.5 m s AMOB 50c 365
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    • 592 20  -  Combined earnings growth down for the first time since recession of 1985, with 24 companies bleeding red ink H„ COLIN TAN THE regional economic turmoil has taken its toll on listed Singapore companies, with their combined earnings growth falling for the first time since the recession
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    • 326 20  -  Hr, B>/ KALPANA KASHIWALA CITY Developments (CityDev) stunned the market on Monday with a worse-than-expected 23.6 per cent fall in full-year net earnings to $409 2 million squeezed by provisions of $B4 million, a forex loss, higher depreciation charges and higher interest on borrowings. The group’s 10
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    • 236 20 $4.8 billion Down 26% 187 companies have released full-year results THE BOTTOM LINE The final score That is the combined group earnings, after deducting losses, of listed companies which have announced full-year results. 163 were profitable 66 made higher profits 91 made lower profits 6 turned losses into profits 24
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    • 413 20  -  Btl PATRICK TAN NATIONAL carrier Neptune Orient Lines (NOL) on Tuesday reported a huge $66.5 million net loss, dragged down by higher depreciation charges and interest expenses. However, group turnover shot up 39 per cent to $2.67 billion for the year ended December. The shipping giant
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  • Page 21 Advertisements
    • 990 21 m m m 1 NatSteel Nat Steel is one of Singapore's most dynamic industrial groups with diversified businesses in steel, industrial activities including construction products, chemicals and engineering, electronics as well as a properties and investment unit. We are now in an exciting phase of regional expansion which offers excellent
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  • Page 22 Advertisements
    • 854 22 Master Card International WZn* The Future of Money DIRECTOR, OPERATIONS CONSULTING The candidate for this position will provide consulting services to credit card centers in the Asia/Pacific region. The candidate will help Master Card members to improve their operations by analyzing operations processes, supporting problem solving initiatives and providing assistance
      854 words

  • FORUM
    • 389 23 I APPLAUD the Government’s initiative to provide the aged with new flats. However. I cannot help but find that the flats offered are rather expensive. A 45-sq-m studio apartment with a 30-vear lease costs $63,300 and above. According to Mr Siew Ngung
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    • 628 23 SINGAPORE is reviewing its education system to increase the creativity level of its citizens. The country is entering the tail end of the first “s" curve, it is said, and needs to enter the second “s” curve. Hence the education revamp. This is good, but we
      628 words
    • 200 23 I READ with disbelief the comments made by the two mobile phone operators in a report on missing mobile phones. I recently lost my mobile phone. It is distressing to know that whoever is using the missing phone can continue to use it, simply
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    • 558 23 THE central argument against the idea of extending the Preferential Additional Registration Fee (Parf) beyond 10 years is that it was introduced as an incentive to encourage the timely replacement of old cars, to ensure that the car population here will remain relatively
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  • 317 24  -  By DOMINIC NATHAN THE showers of the last few days are too little, too late. Last month's hot and dry spell has sent the water level in the reservoirs down to just under the three-quarter mark. The Public Utilities Board (PUB) said water stocks
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  • 132 24 THIS suspected illegal immigrant tried to escape the police by climbing into an air duct, but instead the police had to rescue him when he got stuck. When police surrounded a Pandan Gardens construction site on Wednesday morning, they saw several men running into the
    JKHOMP MINC  -  132 words
  • 398 24  - All gun and glory that's Tracey Ho Scholar wins shooting gold By S. MURALI THE list of achievements seems never-ending for Tracey Ho Chui Ping, 22: President’s Scholar, grade-eight pianist, fluent in French, an IQ of 180, Raffles Plaque winner and now America’s top university air-pistol shooter. She won the
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