The Straits Times : Weekly Overseas Edition, 9 May 1998

Total Pages: 23
1 24 The Straits Times : Weekly Overseas Edition
  • 20 1 The Straits Times Weekly Edition Saturday May 9,1998 Price: S$ 1.20 (in Singapore) Elsewhere by subscription only MITA (P) 047/08/97
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  • 466 1 These desalination plants will produce enough to replace the water supplied under Singapore’s first water pact with Malaysia SINGAPORE could have three desalination plants by 2011 and these would produce enough to replace the water supplied under Singapore’s first water agreement with Malaysia, which expires
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  • 356 1  -  Hu ALLISON LIM THE Singapore Everest Team is spending the next few days resting at Everest Base Camp as it waits for the fourth and final camp to be set up. The 11-member team will start its ascent to the peak from the fourth camp,
    JI STIN I EAN  -  356 words
  • Page 1 Advertisements
    • 58 1 CRI M E Drug syndicates busted Coded information on a pager told of drug shipment arrivals for two syndicates. The pagers have been silenced for good. page s Phesidentialpardon Youth escapes gallows A 19-year-old on death row for murder was spared after receiving a pardon from President Ong Teng Cheong.
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  • PRIME NEWS
    • 407 2  -  Three banks here are looking at the possibility of paperless payment through the Internet n,i WILLIAM CHOONG AT LEAST three local banks are exploring the possibility of introducing electronic cheques, a cheap and speedy new Internet-based method of payment. DBS Bank. United Overseas Bank and
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    • 219 2 MORE Singaporean motorists were killed on Johor roads in the first four months of this year than for the whole of last year, according to Johor police. By the end of last month, road crashes in Johor had claimed the lives of nine Singaporeans,
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    • 541 2  -  Bti KALPANA RASHIWALA I.ACK of financing, economic and a reluctance to tie up over a billion dollars in a single project for several years kept developers from bidding for the prized site in Singapore’s New Downtown. The tender for the state land, launched in November,
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    • 358 2  -  Bt/i ELENA CHONG FORMER national bodybuilder Jojo Sinclair was cleared on Thursday of giving false information to the Corrupt Practices Investigation Bureau after the prosecution withdrew the charge against her. Deputy Public Prosecutor Lee Lit Cheng applied for a discharge amounting to an acquittal
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    • 950 3  -  Internal networks of trust will grow in importance as the state’s monopoly on power declines, says BG George Yeo By; ZURAIDAH IBRAHIM INFORMATION and the Arts Minister George Yeo on Wednesday signalled to civic groups that their role would grow as the state’s monopoly over
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    • 382 3  -  BUYERS PAY 2-3 TIMES MORE Oil HO AI LI HOUSEWIVES have been snapping up kampung eggs, which are selling at double the price of normal eggs, swearing that they taste better. But the eggs, which are brought in from Malaysia and sell for 30 cents
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  • HOME
    • 347 4 WHEN the Angus Ross Prize for English Literature was introduced in 1.987. Aaron Shahril Yusoff Maniam was just a Primary 2 pupil in Temasek Primary. His teacher had told him about the prize, and he had thought to himself: “This is something I could
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    • 488 4  -  Growth has slowed down, but there are signs that Singapore’s reputation has received a ooost «>/ AHMAD OSMAN SINGAPORE has emerged stronger from the regional currency crisis. Prime Minister Goh Chok Tong said, noting that its reputation for having a sound economy had
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    • 113 4 SINCE the Angus Ross Prize was introduced in 1987, Singapore candidates have taken the prize every year, except in 1995, when a joint winner came from Zimbabwe. According to the University of Cambridge Ixrcal Examinations Syndicate, Singapore’s 11year winning streak is not due to a lack of
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    • 406 4  -  *L GEOFFREY PEREIRA CALL it NCB '9B. the National Computer Board's broad sweep of changes announced on Tuesday to help move Singapore into the next phase of information technology development. The board has: set up a new department to take homegrown IT experience abroad; created special
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    • 437 5 Nearly 50 traffickers, drug pushers and abusers were caught and 5 kg of heroin seized in two CNB operations last weekend TWO drug syndicates were smashed and about 5 kg of heroin seized in two operations mounted by the Central Narcotics Bureau. Nearly 50
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    • 456 6  -  Hu ALLISON LIM HERE'S the dirt. People here don't seem to mind eating at a stall which has been rated poorly. even if that had rating comes from the Environment Ministry. They can stomach the bad news if they like the food.
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    • 359 6  -  Hu RAV DIIALIWAL SINGAPORE Airlines launched Changi Airport’s first self check-in machines on Wednesday. It said that it plans to introduce self-ticketing machines within the year. Passengers without checkin baggage who hold automated tickets and boarding passes can check themselves in using the
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  • Page 5 Advertisements
    • 182 5 Home Delivery Weekly! A crisp summary of the week's major happenings in Singapore. Politics, business, the economy, investment opportunities, executives appointments.... and highlights on Malaysia and the Asean. A convenient tabloid airmailed to you wherever you may be. Yes! Every week. Subscribe now. And be at home with the ST
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  • Page 6 Miscellaneous
    • 1062 6 RADIO SINGAPORE INTERNATIONAL (ENGLISH) PROGRAMME SCHEDULES 1100 1400 Hours (GMT) 6015 KHz (49M BAND) 6150 KHz (49M BAND) MONDAY 1100 News 1109 Business Market Report 1115 Arts Arena 1130 News 1135 Wired Up 1145 Newsline 1200 News/Weather (AsiaPacific) 1210 E Z Beat 1230 Business Market Report 1235 The Written Word
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  • SPORTS
    • 342 7  -  Missing players and a fight get league off to dramatic start BASKETBALL «&gt;/ SANTOKH SINGH THE Singapore Press Holdings National Basketball League kicked off with a bang on-and-off the court last weekend. Two American professionals, Brian Keith, 27, and Victor Earl, 26, have gone missing and
      I.IAMIE ZAOHAO  -  342 words
    • 237 7 THREE players w’ere banned a total of seven years for their part in a brawl at a basketball match last Saturday. The Basketball Association of Singapore's disciplinary committee suspended Min Yi’s Lim Kok Chuan for three years. His team-mate Ang Wee Gai and
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    • 324 7  -  RACING H!L i DANNY KHOO TEENAGE riding sensation Owen Bosson, who has set the New Zealand turf ablaze, is hoping to do the same at Bukit Timah later this month. And helping him in his bid is trainer Bernard Ang. The Singaporean trainer has
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    • 403 7  -  SOCCER Bn SANTOKH SINGH THE Eagles crash-landed at the Bedok Stadium as they went dow r n 2-3 to Singapore Armed Forces FC last Saturday. The result allowed Home United, which beat Marine Castle 2-1 at Hougang, to go to the top of the
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  • MALAYSIA
    • 486 8 Malaysia will work with its neighbours to clear the air so that the Commonwealth Games could be held here in September Bernama, AFP KUALA LUMPUR Malaysia will cooperate with its neighbours to put in place all facilities to protect the venues of the
      Bernama,; AFP  -  486 words
    • 227 8 PETALING JAYA Dams in the Klang Valiev will be closed for the rest of the year and water will be supplied only from rivers. This is bad news for the 1.2 million people already affected by water-rationing. As dam-water levels hover
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    • 333 8  -  By DOUGLAS WONG IN KUALA LUMPUR MALAYSIA may not meet its target of developed nation status by 2020, Prime Minister Datuk Seri Dr Mahathir Mohamad said on Monday. “We had a vision set for becoming a developed country by the year 2020.
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    • 76 8 AFP, nEUTER &gt; THE missing tanker Petro Ranger, hijacked on April 16, has been located, a family member of the crew said last Friday. The ship and its crew of 21 were found off Hainan Island in southern China. The crew was safe. The vessel was hijacked
      – AFP,; nEUTER >  -  76 words

  • SOUTH-EAST ASIA
    • 515 9  -  As transport workers stage small boycotts, the Indonesian military are on alert for fresh riots By SUSAN SIM INDONESIA CORRESPONDENT and DERWIN PEREIRA IN JAKARTA THE Indonesian military said on Thursday that troops were on standby to be airlifted to Medan if fresh riots break out,
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    • 495 9 Bloomberg News, AFP. Reuters THE International Monetary Fund opened the aid spigots to Indonesia on Tuesday, agreeing to lend US$l billion (SSI.6 billion) immediately to the troubled country and Jakarta said it now expected more than US$7 billion in fresh loans as Japan and several others
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    • 366 9  -  THE PHILIPPINE ELECTIONS Reports by NTRMAI GHOSH PHIUriMNES CORRESPONDENT MANILA In what analysts say could be an irreversible lead, a poll has shown VicePresident Joseph Estrada 18 points ahead of his nearest rival, the administration party’s Mr Jose de Venecia. The poll was conducted by the independent
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  • COMMENTARY
    • 556 10 TUESDAY May 5,1998 THERE is no sufficiency like self-suf-ficiency. When it comes to water, a strategic resource, it is an eminently good strategy to have its supply under national control. Therein lies the significance of the announcement that Singapore could have three desalination plants by 2011.
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    • 562 10 MONDAY May 4,1998 THE furore over bank charges is a reminder that there has never yet been an innovation that someone or other from society’s conservative back benches did not resist fiercely. From the steam engine to organ transplant, the crossing of every new frontier has
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    • 742 10  -  By SIA CHEONG YEW IT HAS always been with a sense of bewilderment, tinged with a little sadness, each time that I read a story in the newspaper about family tussles in court. Of late, more of such quarrels appear to be ending
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    • 818 11  -  BY THE WAY H,j TAN SAI SIONG DO SINGAPOREANS really have rising expectations and high aspirations? Well, expectations may be a bit nearer eye-level nowadays, and aspirations somewhat deflated by the financial storm which has swept the region and left lingering ripple effects.
      NOEL HOSALf N  -  818 words
    • 838 11  -  B// KOII BUCK SONG AFTER lunch last Wednesday, a good friend of mine said he wanted to look for a place to have "a cool drink”. The heat was getting to him, I thought. After all, January, February and March this year was the warmest
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  • CPF Newsline A CORPORATE NEWSLETTER OF THE CPF BOARD
    • 260 12 / 13 Protect your dependants and loved ones. Nominate them as your CPF beneficiaries. When a CPF member who has made a valid nomination dies, his CPF savings, Dependants' Protection Scheme insured sum and discounted Singapore Telecoms shares will be distributed to his nominees. Making a nomination is
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    • 108 12 / 13 The CPF Bishan Building was declared officially opened on Saturday, 25 April 1998 with Dr Lee Boon Yang, Minister for Manpower as the Guest-of-Honour. The occasion was marked by the sealing of the CPF Time Capsule which contains a collection of items, significant to the
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    • 306 12 / 13 Education Scheme repayment waived You no longer need to repay the CPF used for local tertiary education if you are 55 years or older, have withdrawn your CPF, and have set aside the full Minimum Sum. Waiver of repayment is automatic if the money was used for
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    • 241 12 / 13 CPF Investment Scheme CPF members can now sell shares bought under the CPF Investment Scheme (CPFIS) the very next day. The Board and the agent banks have streamlined the procedures to enable CPF members to sell their shares before they are credited into their CPF
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    • 108 12 / 13 MediShield Scheme CPF Board is hoping to educate parents through their children. Since 1996, it has been sending direct mail packages to school children, urging their parents to cover them under MediShield. With MediShield, the children will be covered should they need expensive medical treatment or suffer
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    • 85 12 / 13 Do you know that you can use your Minimum Sum to earn an income in your old age? To find out more about the various investment options for your Minimum Sum, attend the Annuity Talks lined up from May to end of the year. English Mandarin
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  • Page 12 / 13 Advertisements
  • Page 12 / 13 Miscellaneous
    • 108 12 / 13 The CPF Minimum Sum will be raised every July until it reaches $00,000 in 2003. Before investing your CPF in, say, insurance policies under CPFIS remember to take into account the increasing Minimum Sum. n Which means you have to set aside the required cash and property components, when calculating
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  • INSIGHT
    • 547 14 A major conference this week focused on the voluntary sector here. Hoiv much room is therefor citizen involvement, and what more can he done to develop it J ZURAJDAH IBRAHIM takes stock. IN BOTANY, seven years is a long time enough to produce a
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    • 1434 14 MS CLAIRE CHIANG, president, Society Aqainst Family Violence. Ms Chiang says one major achievement for her group, after several years of lobbying, was to have regular dialogues with officials and be involved in the training of policemen who have to handle family violence. But there
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    • 1374 15  -  THINKING ALOUD By By WARREN FERNANDEZ INDONESIAN farmer Sudarmo, 70, lives far away in the village of Tunggak in Central Java. His life never touched mine, until I read his story in a recent report in this newspaper. His favourite meal is cold rice,
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    • 854 15  -  THIS WEEK IN POLITICS kOll BUCK SONG THE growing band of bearish observers of the Asian crisis will no doubt key into their calculators the Prime Minister’s May Day message to workers, to prepare for more severe wage restraint this year and
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  • MONEY
    • 390 16 CONTINUED violent student riots in Indonesia, a poor market sentiment in Malaysia over the real extent of banking woes there, and tumbling regional currencies all cast a long bearish shadow over the market throughout the week. The benchmark Straits Times Industrials Index fell below
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    • 77 16 ST Industrials Index TIm Straits Times Industrials Index dropped 72.65 points on the week to 1420.75. DAY CLOSE TURNOVER Monday 1476.40 (-17.00) 87.563 ($197.420m) Tuesday 1469.27 7.13) 104.516 ($!93.698m) Wednesday 1448.40 (-20.87) 129.124 ($231.187m) Thursday 1428.50 (-19.90) 192.608 ($329.194m) Friday 1420.75 7.75) 100.591 ($233.929m) BT-M6A Index The
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    • 1906 16 Company Date enn Net earn TY LY ($m) ($m&gt; EPS TY IV (cts) (cts) ABP Mar 3t P 5.346L 0296 12 L 0.70 Acme Mar 20 P ***** 49 344 14.2 245 Acer Mar 13 P 23.662 32 481 143 196 Ac* Dynamic» Mar 25 P 0.677 7.342L
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    • 162 16 RIGHTS ISSUE CaBooks Acc Company Ratio date close Paymt oue Two-for-tive (PSS2.75 May 12 May 19 NA ST Capital Ona-for-ona &lt;»SS0.40 Apr 15 Apr 22 May 13 DBS One-torfive v*S$6 00 Mar 30 Apr 3 Apr 28 DBS-foraign Ona-tor-tiva PSS8.50 Mar 30 Apr 3 Apr 28 BONUS issue
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    • 1265 16 Payment &lt;%) Ct date Books close Rey date Cosco Inv F 2 Jul 1 Jul 8 Jul 17 CWT 25c b 10 Jun 1 Jun 8 Jun 19 DBS F 9 May 12 M«y 19 May 29 DBS Lana b 8 Mav 26 Jun 2 Jun 19 Dairy
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    • 28 16 Company Bonus Issue Fleatech One-tor-five Eastern Pub One-tor-two Rotol One-tor-one Seksun P Eng One-for-five SM Summit One-tor-two ST Computer One-tor-two Sup Metel One-tor-two Want Want One-for-tive
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    • 104 16 Place Date Time Hotel Ntg«rt A Hotel Negara Level 3, Meeting Rm 4 10 Claymore Rd (*****0; May 14 9.30am Hong leonq A finance 9 Raffles Place •61-00 Republic Plaza S'pore (*****9) May 14 3.20pm S pore Fm A 9 Raffles Place •61-00 Republic Plaza S'pore (*****9) May
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    • 146 16 Payment &lt;*&gt; U date Books close Pay date Acmi 50c F 15 Jul2 Jul 9 Jul 22 ACMB F 4 Jun 15 Jun 22 Jul 9 Aurtc Pac 50c F 6 Apr 14 Apr 21 May 5 88R 5c t&gt; 20 Jun 25 Jul 2 Jul 15 Bousteaa
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    • 390 17  -  Licence lost by P2P may be handed out before 2000 but it all depends on market conditions «1 TAMMY TAN THE Government may call for another mobile phone tender before 2000 to hand out the licence lost recently by P2P Communications, says Communications Minister Mah Bow
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    • 392 17  -  Bt, LEE SIEW HLA IS CORRESPONDENT NEW YORK Top financial institutions in New York like the Monetary Authority of Singapore's (MAS) switch from a regulatory style to a more promotional approach, said a spokesman for the Prime Minister s Office. And Deputy Prime Minister Lee Hsien
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    • 113 17 Cgatract date: Mayß, 1998 Unit If 3 mth» 6 mth» 9 mth* 12 mth* cm Valu* dat« us 5 37» 57. 5V. 37. 47. 13/5 4 V. 4V. 4V. 4V. 4V. 3V. 13/5 NZS 8V. 87. 8 V* 87. 7V. 13/5 STG 6"/» 6'*/» 6 V. 6"/..
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    • 152 17 COUNTER RATES Buying 00 Selling Singapore dollars to one unit of foreign currency US dollar 1.6426 Sterling pound 2 6310 2.7199 Australian dollar 1.0132 1.0554 Canadian dollar 1.1128 1.1485 NZ dollar 0.8622 0.9005 EC unit 1.8374 Singapore dollars to 100 units of foreign currency Austrian schilling 12.7028 13.3808 Belgian
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    • 830 17 Manager's prices: May 9,1998 1 Aberdeen Asset Mot Asia Ltd Aberdeen S pore Gr Fund 0.880-0.925** Aberdeen Select Portfolio (at N AV) Asian Fixed income Fund 0.916** Pacific Equity Fund 0.930” Indonesian Equity Fund 0.72!” Malaysian Equity Fund 0.970” Philippine Equity Fund 0 919” Singapore Equity Fund 0.841”
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    • 4132 18 Transaction date: May 8,1998 INDUSTRIAL COMMERCIAL 1998 Curr Last High Low Company Traded Sale ♦or* Vol 000 Day High Low Gr's Oiv Net M Cap P/E Smll Wt Avg Price 43 18.5 e ACE Dvnamics60c 22 ♦1 337 22 21.5 0.3 27.5 18.0 25 ASENTS10 200 usASFuSlc
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    • 868 18 1998 High Low Company Curr Last traded Sale ♦or* Vol 000 Day High Low Gr'% Dlv Net P/E M Cap $mll Wt Avg Pric# *34 85 e ABRHIdqsSc 87 2 22 90 87 42 4 94 243 76 e AS Auto 10c 49 ♦6 191 152 43 '5.ON '2.4
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    • 1526 19 BONDS, LOANS WARRANTS Transaction date: May 8,1998 1998 Last Vol Day Last Quote Wt Avg High LOW Company Sale ♦or* 000 High Low Buyer Seller Price 23.5 9 m m AMDS c5.5%020?16 13 11 13.5 20.5 8 •Acer W*****1 US$ 10 10 11 95 85 AcmaW*****4 20 19 20 21
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    • 1203 19 Transaction date: May 8,***** 1998 Curr Last Vol Day Cross N«1 M Cap High Low Company Tradad Saia ♦or'000 High Lot* div% P/E $mti MALAYSIAN STOCKS (in S$) 135 65.5 48 60 75 28 12.5 33 19.5 18.5 AISB50C 57.5 •3.5 •1 95 60 57.5 5.0 23.9 59.0
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    • 227 20  -  PANEL TO ADVISE BANK OF THAILAND EDWARD TANG THAILAND CORRESPONDENT BANGKOK Four former foreign central bankers, including Mr Koh Beng Seng, ex-deputy managing director of the Monetary Authority of Singapore, have been invited bv the Bank of Thailand (BOT) to form an expert
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    • 420 20  -  Onerous requirements give way to voluntary guidelines on regulation; compliance is left entirely to companies Bii JEAN CHIA THE stock exchange has scrapped its tough corporate governance rules in favour of voluntary guidelines that give listed firms more leeway to regulate themselves. The Best
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    • 373 20 SINGAPORE Telecom (SingTel) has pulled out of a L'Ss6so million (551.04 bil’ion) satellite project in which t was to have partnered Singapore Technologies and four Chinese companies SingTel's 12.5 percent stake in the Asia Pacific Mobile Telecommunications Satellite APMT) project has been
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  • Page 21 Advertisements
    • 964 21 7 it: i v vs v The Straits Times Weekly Edition AviviSSSS-SS: ill;:: mm AW NATIONAL ARTS COUNCIL Our mission is to help nurture the arts and develop Singapore into a vibrant global city for the arts. If you are a university graduate and have a strong interest in the
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  • Page 22 Advertisements
    • 931 22 NGEE ANN POLYTECHNIC The Polytechnic Of Industry LECTURER ($35,000 $62,000 pa) (Electronic and Computer Engineering Department) Requirements: A good degree in Electronic Engineering or relevant disciplines 2 to 3 years of relevant industrial experience preferred Must be able to teach competently and supervise projects in one of the following areas:
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  • FORUM
    • 477 23 A FOREST fire broke out in the part of the Central Catchment that is contiguous to the Singapore Island Country Club (SICC) and the PUB Bukit Kalang Service Reservoir on March 22. It was put out by the Singapore Civil Defence Force. About five hectares of
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    • 253 23 WE REFER to Mr Tan Kah Tian's letter “Pursue excellence but don’t compare" (ST, April 25) and wish to thank him for his views and words of encouragement. In particular, we appreciate his recognition of NUS and NTU as fine universities providing quality education. While
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    • 260 23 1 THANK Mr Satya Brink for his comments in his letter “Make MRT accessible to wheelchair users” (ST, April 29). In designing a mode of public transport such as the Mass Rapid Transit (MRT), we have had to balance between safe and efficient
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    • 310 23 I REFER to the letters on cashless methods of payment. It is not entirely safe for the consumer to allow direct debits from his account. Any error in the system can cause enormous inconvenience. Let me give an example: I opted for Giro payment for
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    • 237 23 DESPITE repeated warnings from the aviation authority and airline companies, some passengers appear to be blithely unaware of the dangers they expose themselves and everyone else on board commercial aircraft to with the irresponsible use of mobile phones. Last week. I was travelling on
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  • 547 24  -  The Business Environment Risk Intelligence rates Singapore a low risk for investors BjL Bu WALTER FERNANDEZ SINGAPORE retains its position as the world's secondmost profitable place to invest in now, and for the next one to five years, despite the regional
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  • 290 24 PROTECTING INTELLECTUAL PROPERTY RIGHTS THERE have been an average of 15 raids a day against copyright infringers in the first quarter of this year alone, and more than 100,000 items which infringe copyright have been seized. The Minister of State for law and Home Affairs Associate
    TAN SCAN ANN  -  290 words
  • 428 24  -  By TAN 001 BOON A 19-YEAR-OLD youth, who was awaiting the death sentence for murder, was spared from the gallows after receiving a pardon from President Ong Teng Cheong. Mathavakannan Kalimuthu, who had together with two other men killed a 25-year-old gangster during a fight in
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