The Straits Times : Weekly Overseas Edition, 13 June 1998

Total Pages: 24
1 24 The Straits Times : Weekly Overseas Edition
  • 20 1 The Straits Times Weekly Edition Saturday June 13,1998 Price: S$ 1.20 (in Singapore) Elsewhere by subscription only MITA (P) 047/08/97
    20 words
  • 543 1  -  BG Lee unveils strategy for hanks to build on strengths during the present crisis «2. TAMMY TAN IN A move to help local banks build on their strengths amid the regional crisis, Deputy Prime Minster Lee Hsien Loong on Monday outlined five policy areas to
    543 words
  • 332 1 HE REACHED the top in the dark. His headlamp failed, his reserve lamp too. But climber Edwin Siew, 27. followed the trail of a Bolivian climber ahead of him, and the Outw'ard Bound School instructor now has the distinction of being the first man from Singapore
    KVKKfNTTEVM  -  332 words
  • 246 1 DEPUTY Prime Minister BG Lee Hsien Ix>ong paid the highest tribute to Dr Goh Keng Swee on Monday by accrediting him with Singapore’s emergence as an international financial centre. He said Dr Goh’s “vision, determination and courage in the face of immense difficulty
    246 words
  • Page 1 Advertisements

  • PRIME NEWS
    • 556 2 THE Government has decided to go ahead and build the $1.75 billion Marina Line, a 13-km mostly underground railway to serve the new Downtown area, said Communications Minister Mah Bow Tan. He said the new line would have up to 20 stations and
      Source: ITA; JALEHA HASHIN and RAYMOND LEE  -  556 words
    • 416 2  -  By By KALPANA RASHIWALA LISTED MCL Land is to sell its Seletar Springs condo at an average 5437-5446 psf after discount a new low for the times and the first time 99-vear private condo prices have fallen to executive condo (EC) levels. Market
      ALAN LIM  -  416 words
    • 446 3  -  By LIM SENG JIN FOUR people in Singapore became millionaires overnight. They were made richer by $1.27 million each, as the joint winners of the top prize of $5.12 million in Monday’s Toto draw. This is a record payout in the 30
      CI'OKGE CASCO?.  -  446 words
    • 571 3  -  Btt AHMAD OSMAN CIVIL servants will not get any NWC wage increase this year and the annual variable payment for them in July will be cut because of the economic slowdown. They will get half instead of the usual three quarters
      571 words
    • 392 3  -  Figure is four more than same period last year, but police say there is no cause for alarm ĔIL JASBIR SINGH THERE were 28 murder cases, involving 31 deaths, in the first five months of this year, compared to 24 cases and 27 deaths
      392 words


  • HOME
    • 500 4  -  RETURN OF THE EVEREST TEAM ail GERALDINE YEO SOME knew them personally. Some did not. But the 500-strong welcoming crowd that turned up, including a boisterous team from the Outward Bound School, were all in high spirits. Others included two British grannies who
      CHEW SENC KIM; DENISE TAN  -  500 words
    • 392 4  -  By DOROTHY HO A GAUNT and sunburnt Everest team on Sunday described its climb as a “big pay-off after four years of hard work and training. Team leader David Lim, 33, said: “The success is not only for Singapore mountaineering, but it is
      392 words
    • 484 5 THE sale of sites for the Sentosa Cove project that was to provide more than 2,000 exclusive waterside homes on the resort island has been postponed indefinitely, due to the slump in the property market. The Sentosa Development Corporation was to have begun selling land parcels
      484 words
    • 278 5 CONTRARAND SEIZED AT WOODLANDS MORE than 4,000 video compact discs (VCDs), many suspected to be of obscene films, were discovered hidden in a special compartment under the floorboards of a Johor-registered van when the van driver tried to enter Singapore late on Monday night.
      I.AU FOOK KONG  -  278 words
    • 413 5  -  By SANDRA DAVIE PRIMARY 1 pupils in eight schools are taking part in a pilot scheme in which they are taught to w rite Chinese in Hanyu pinyin before learning the Chinese characters. They learn the romanised form of the language for the first six
      413 words
    • 335 5  -  *L KOH BOON PIN MASSA Motor, which distributes Alfa Romeo and Fiat cars, has said it would give customers a guarantee that they will receive their refund deposits within 10 day's if it was unsuccessful in getting them a Certificate of Entitlement on the third bid.
      335 words
    • 494 6  -  Three in four back government plan to attract foreign talent to Singapore, ST survey shows ST SURVEY ON FOREIGN TALENT POLICY B'l PANG GEK CHOO THREE in four Singaporeans support the Government’s move to welcome foreign talent to Singapore. And they are giving it the
      494 words
    • 381 6 ONE in three Singaporeans have thought of going overseas to work because they had been bitten by the desire to gain exposure or experience in another country. Nearly all have also been in favour of local companies going regional and sending Singaporeans to work in
      381 words
    • 466 6 HONGKONG-BASED sales and marketing manager Claudia Loh spends a hefty $3OO on phone calls to Singapore every month. For her. the phone line, including the e-mail, is one of the most important links to home. She has been working overseas for more than two
      466 words
    • 370 6 Most Singaporeans support the Government's drive to bring in talent from abroad while encouraging local firms to go regional But only one-third have thought of taking up the challenge to go overseas themselves. SUPPORT GOVERNMENT'S MOVE TO ATTIACT FOREIGN TALENT TO SINGAPORE WHY SUPPORT Will
      370 words
    • 413 7  -  Bu KARAMIIT KAUR THE police will suspend the licence of a motorist involved in a fatal road accident only if they are satisfied that he is at fault, said Minister of State (Law and Home Affairs) Ho Peng Kee. Asked what would happen if the
      413 words
    • 512 7  -  Bu LEONGWENGKAM MOST art collectors hang their paintings on the walls of their homes or just keep them in cold storage. But not architect Koh Seow Chuan, 58, who loaned them for free to the Singapore Art Museum (SAM). All the 32 Chinese
      LIMTECKPKNC  -  512 words
    • 391 8  -  Htr GIN’ME TEO GRACE Chan. 18. has Down's Syndrome. She cannot hear very well and also finds it hard to say certain words. But that has not stopped her from scoring in her studies. She has just passed two Institute of Technical Education (ITE) courses.
      \7.IZ MISSIS  -  391 words
    • 339 8  -  *IL KAREN WONG A DOCTOR with over 40 years’ practice prescribed drugs regarded as poisons to someone without first examining her. He was fined $B,OOO on Monday in a district court for contravening the Poisons Act. This states that medical practitioners can prescribe drugs regarded
      339 words



  • Page 7 Advertisements
    • 181 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 maybe. Yes! Every week. Subscribe now. And be at home with the ST weekly.
      181 words

  • Page 8 Miscellaneous
    • 1062 8 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
      1,062 words

  • SPORTS
    • 306 9 THE S-League will be among the first in the region to have its own set of collectors’ cards for fans. Card-makers Cardwon of Taiwan and locally-based Viccard launched the cards at a press conference on Monday. Each club has been given 1,000 cards to
      306 words
    • 234 9 S-LEAGUE SOCCER THE picture on the left has landed national goalkeeper Rezal Hassan in hot soup. The custodian was caught pointing his middle finger at a fan who had abused him during the match between SAFFC and Jurong FC last Saturday. Reacting to the picture on
      234 words
    • 342 9  -  RUGBY By THOMAS KOH THE Anchor Reds, as the Singapore rugby team is popularly known, is confident of achieving its best-ever result at the Oct 24-31 Asian Rugby Championships. The Singapore Rugby Union is also looking forward to staging the largest and grandest tournament in Asian
      DEMSETAN  -  342 words

  • MALAYSIA
    • 438 10  -  Entrepreneurs can now draw on government fund to revive small and medium-sized enterprises BRENDAN PEREIRA IN KUALA LUMPUR THOUSANDS of cashstrapped Bumiputra businessmen can now breathe easier, thanks to an injection of Mssoo million (Ss2lo million) bv the government into a special fund. The money
      438 words
    • 535 10  -  Bt, BRENDAN PEREIRA IN KUALA LUMPUR YES, Asians want to be wealthy. But they also want to retain control over big businesses, banks and car plants in their countries, said Prime Minister Datuk Seri Dr Mahathir Mohamad. Yet the West ignored the nationalistic factor
      535 words
    • 59 10 ANWAR BRAVES THE RAPIDS l Deputy Prime Minister Datuk Seri Anwar Ibrahim taking on the Musuh Karam rapids in Pahang on Sunday after launching the first stage of the Cameron Descent 98, a canoeing expedition. He rode the canoe from Musuh Karam to Kampung Pos Lanai
      THKSTAB  -  59 words
    • 404 10 Bernama KUALA LUMPUR The Umno Youth movement on Sunday called on the Malaysian government to press for reforms to curb corruption, nepotism and power abuse in the management of the country’s economy. The movement’s chief, Datuk Ahmad Zahid Hamidi, said that in the wake of
      Bernama  -  404 words

  • SOUTH-EAST ASIA
    • 297 11  -  By LUZ BAGUIORO IN MANILA ONE in every five Philippine policemen was facing either administrative or criminal charges, officials here acknowledged. According to the Inspectorate and Internal Affairs Office of the Philippine National Police, about 22,400 members of the police force are
      297 words
    • 506 11  -  By EDWARD TANG THAILAND CORRESPONDENT BANGKOK Thai graduate Wasana Subunjuy did not expect anything in return when she agreed to speak to The Straits Times six months ago about the difficulty she faced finding a job. But today, the 25-vear-old masters-degree holder in agricultural
      506 words
    • 440 11  -  By LUZ BAGUIORO IN MANILA TAX cheats in the Philippines, who are believed to comprise about 90 per cent of all taxpayers, would be granted a oneyear amnesty on condition that they mend their ways and pay the correct amounts from now on, President-elect Joseph
      440 words
    • 508 11  -  Both groups accuse the government of not doing enough to help them ride out the current economic crisis EDWARD TANG THAILAND CORRESPONDENT BANGKOK Thailand’s Chuan Leekpai government is trapped between a rock and a hard place as it grapples for answers to the economic
      508 words

  • COMMENTARY
    • 550 12 THURSDAY June 11,1998 THERE was never a cloud yet, howsoever sombre, that did not boast the shimmer of a silver lining. So, too, with the pall that might seem to darken the Singapore banking industry’s horizon. There is opportunity for it in uncertainty, and a chance
      550 words
    • 560 12 MONDAY June 8.1998 SKILLS make Singapore what it is; skills will yet save it from succumbing to the crisis that afflicts the neighbourhood. But they are not necessarily the same skills, which is why the labour force has to be kept under constant review through initiatives
      560 words
    • 761 12  -  Second Last Word Bti SIA CHEONG YEW THE recent squabbles at the Singapore Recreation Club and The Tanglin Club must have been a real eye-opener for officials of such establishments who thought they could do what they like without being questioned. In the case of
      761 words
    • 1281 13  -  MY VIEW r/ CHE RIAN GEORGE APPEAL to a civil servant to make an exception to a rule, and he will probably welcome it as if you had asked him to give you his ATM card and PIN. He guards his rule
      1,281 words
    • 881 13  -  BY THE WAY B'J TAN SAI SIONG IS THERE an adult Singaporean with access to newspapers or a TV set in recent weeks who doesn’t know about the upheaval that has taken place in Indonesia? I don’t think so. Of these,
      881 words
  • Page 12 Advertisements
    • 211 12 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 M A in Asia Pacific Studies is an internationally recognised Master's level programme
      211 words


  • INSIGHT
    • 1733 14 This week marks the first anniversary of the Ninth Parliament ivhich sate the entry of 23 new PAP MPs. They were described by Mr Lee Kiuin Yew during the hustings as the party s best batch since 1955. How have they fared
      Montage hi TIEN CHI AC PING anil RAV MOM) LEE  -  1,733 words
    • 1232 15  -  THINKING ALOUD B,j Bt/ WARREN FERNANDEZ SHOULD Singaporeans' joy over the success of its Everest expedition be dampened because the two men who reached the top, Edwin Siew and Khoo Swee Chiow, were Ma-laysian-born Singapore permanent residents? Should the country now start training a core of
      1,232 words
    • 971 15  -  THIS WEEK IN POLITICS Bj KOH BUCK SONG IT WAS a celebration of a Malay community organisation whose literary name is misleading, because the self-help group’s work covers areas like counselling and parenting skills as much as poetry and prose. But there
      971 words


  • MONEY
    • 392 16 SINGAPORE’S benchmark Straits Times Industrials Index STII) this week fell to its lowest level in 9 O years, sparked by massive fund redemptions on fears that China may be forced to devalue its vuan. .\sian markets were routed after the
      392 words
    • 1883 16 Company 0«tt WA Nat earn TY LY ($m) ($m> EPS TV LY (Cts) (cts) Alliance T#ch Mar 27 P 30.423L 1.815 36.8 268 AsiaPac Land* Apr 30 P 3.707 36.089 0.50 5.10 Amsteel Bnd* Mar 31 1 593.907 L 64.863 47L 5.20 Amara M Mar 26 P 7.425
      1,883 words
    • 226 16 RIGHTS ISSUE (iBooks ACC k Company Ratio date close Peymt OUE Two-for-tive IPSS2 75 May 12 May 19 Jun 8 BONUS ISSUE e«Books Company Ratio d«tt close Flextech One-for-flve Jun 2 Jun 9 NA SM Summit Ono-tor-two Jun 2 Jun 9 Jun 25 Sup Motal One-for-two Jun 2
      226 words
    • 77 16 ST Industrials Index The Straits Times Industrials Index dropped the week to 1091.49. 76.97 points on DAY CLOSE TURNOVER Monday 1128.57 (-39.89) 107.410 ($206.463m) Tuesday 1117.21 (-11.36) 110.501 ($252.517m) Wednesday 1067.81 (-49.40) 112.995 ($208.176m) Thursday 1086.83 (♦19.02) 124.383 ($244.424m) Friday 1091.49 4.66) 117.821 ($262.994m) BT-M6A Index The
      77 words
    • 1252 16 Payment Ci lets) data Books closa Pay data HBM Print 10c F O.ITE Jul 6 Jul 13 Jul 23 H Grand Central F 4 Jul 7 Jul 14 Jul 31 Haw Par Corp F 4 Jun B Jun 15 Jun 30 Haw P Health 20c F 2.4 Jun
      1,252 words
    • 30 16 Company Right* isaua AsiaMatrix one-tor-ten (each wrt with 3 Wrts carrying tor tach 10 Rts to subl existing shares ®80c Company Bonus Issue Eastern Pub One-tor-two Rotol One-tor-one
      30 words
    • 57 16 Mm. Tima NatStatl E 12 Kallang Way Jun 10 10.45am Cite S port (*****6) Ktpptl A 325 Talok Bltngah Jon 10 11.00am financt Board Rm Of Ktpptl Corp S'port (*****1) Yto Hup A 1 Tanglm Rd Jun 12 3.00 pm S*nq Antica 2nd Ltvtl Orchard Paradt Hotel A:
      57 words
    • 262 16 Payment (ets) ts date Books close Pay date ACE Dynamics20c F 0.05 Jun 12 Jun 19 Jun 30 Acma 50c F 7.5 Jul 2 Jul 9 Jul 22 Acer 50c F 2.5TE Jun 2 Jun 9 Jun 18 ACMB F 4 Jun 15 Jun 22 Jul 9 ANA
      262 words
    • 599 17  -  Both lose $23 million paid so far for Kembangan condo site in first default on state site in 7 years «V By KALPANA RASHIWALA THE ailing property market was hit by its first big default last Friday when mainboardlisted company Elteeh Electronics failed
      599 words
    • 459 17  -  i^L EDNA KOII FUNPOLIS Asia has shut down its 30,000 sq ft family entertainment centre at Marina Square. The company, a joint venture between Singapore Technologies Industrial Corp and NTUC Club Investments, is also putting its bowling and entertainment centre business in China
      AZIZ HVSSIN  -  459 words
    • 144 17 COUNTER RATES Buying 00 Selling Singapore dollars to one unit of toreign currency US dollar 1.7241 1.7605 Sterling pound 2 7814 2.8769 Australian dollar 0 9968 1.0401 Canadian dollar 1.1648 1.2026 NZ dollar 0.8439 0.8826 EC unit 1.9273 Singapore dollars to 100 units of foreign currency Austrian schilling 13.2880
      144 words
    • 109 17 Contract Rate: June 12. 1998 Unit If 3 mth* 6 mths 9 mth* 12 mth* Call Value date US 5 5/. 5/. 57. 57. 47. 16/6 AS 47. 47. 4’7. 5 57. 37. '6/6 NZ 87« 87, 8V. 87. 87. 87. '6/6 STC 6*/. 7 77« 7/.
      109 words
    • 767 17 MaiNKier's prices; June 13,1998 Aberdeen Asset Mgt Asia Ltd Aberdeen S pore Or Fund 0.754-0.793*“ Aberdeen Select Portfolio(et NAV) Asian Fixed income Fund 0.944** Pacific Equity Fund 0 816** Indonesian Equity Fund 0.521** Malaysian Equity Fund 0.893” Philippine Equity Fund 0.842” Singapore Equity Fund 0.726” Thailand Equity Fund
      767 words
    • 3883 18 Transaction date: June 12,1998 INDUSTRIAL t COMMERCIAL 1998 Cimt Last High Law Company Traded Salt ♦orVol '000 Day High Lew Gr-s Nat M Cap Div P/E Smil Wt Avg Price 43 16.5 a ACE 0ynamics60c.. 17.5 «d unch 39 17.5 16.5 0.1 21.9 14.3 17 31 21
      3,883 words
    • 779 18 IMS Law Curr Lott Vol Day Oft Ngt MCip Wt Avg High Company Tradod Sad ♦or'000 High Low DtvH p/e $mll Pric# 134 243 79.5 76 ABR Hldgi 5< AS Auto 10c 92 82 •i3 110 84 79 1S.0N 6.8 44.9 93.6 88 83 82 48.5 ASJ Hldgt 20c
      779 words
    • 1509 19 BONDS, LOANS WARRANTS Transaction date: June 12,1998 1998 Last Vol Day Last Quote Wt Avq High Low Company Sale ♦Of•000 High Low Buyer Seller Price 23.5 9 m m AMDS CS.5%*****6 12 9.5 20.5 7 ‘Acer W*****1 USS 8 ♦1 2 8 8 7 8 9S 8.5 Acm» W*****4 9
      1,509 words
    • 1362 19 Transaction date: June 12,1998 19*8 High Law Company Curr Last Traded Sale Vol ♦or000 Day High Law Grots dlv Nat P/E M Cap $mll MALAYSIAN STOCKS (in S$) 135 28 m AiSBSOc 49 -0.5 57 495 49 5.0 19.8 50.3 655 12.5 m AMDS 50c 19 5 •0.5
      1,362 words
    • 465 20 THE Singapore economy may slip into a recession next year if the Government does not do anything about it now, warned top banker Wee Cho Yaw. Describing the current economic conditions in Singapore as the worst he had seen in a banking career stretching over
      465 words
    • 660 20  -  NARENDRA AGGARWAL and KALPANA RASHIWALA MEMBERS of the feuding Jumabhoy family are selling their controlling stake in mainboardlisted property and hospitality group, Scotts Holdings. And an obvious contender for the stake, say market watchers, would be the Brunei Investment Agency (BIA) as it owns
      660 words
    • 292 20  -  YEOW PEI LIN FORGET about designer wear shops. Even discount stores cannot keep afloat these days. Wing Tai Apparel is winding up its Connexions chain of fashionware, known formerly as Stockmart, which has 21 discount stores and sales counters. The closures, which started in March,
      SOMA TAN  -  292 words
    • 515 20  -  Bn Bn NARENDRA AGGARWAL HOMEGROWN Thakral Corporation is investing $25 million to diversify into producing software products in China and Hongkong to tap the multibillion dollar video compact disc (VCD) business on the mainland. Thakral Corporation, known for its electronics goods, expects the new line of
      515 words





  • Page 21 Advertisements
    • 874 21 The Straits Times Weekly Edition 111 ■m: 1 w ss> •XX* Airfoil Technologies International LLC is a joint venture between General Electric Engines Services and Sermalech International. We are in the process of setting up a state-of-the-art facility dedicated to the repair of cold section airfoils. This new subsidiary. Airfoil
      874 words

  • Page 22 Advertisements
    • 818 22 t National Heart Centre SINGAPORE The National Heart Centre (formerly known as the Singapore Heart Centre) is the national centre for cardiovascular medicine in Singapore. It will become an autonomous centre in 1999. The NHC provides ambulatory and inpatient cardiac services, and conducts training and research. Applications are invited for
      818 words

  • FORUM
    • 778 23 THE recent crackdown on speeding following a spate of newsworthy car crashes seems too naive and simplistic. One must remember that it is not just speed that causes the disaster, but also loss of control, although speed may have been a contributory, aggravating factor. Also,
      778 words
    • 411 23 FROM being a “bunch of softies”, Singaporeans are now a “confused lot" and a lot of life’s stresses are of our own doing. It would appear from Mr Selvakumar Prakasam’s viewpoint “Why Singaporeans are so stressed out" (ST, June 4) that w’e hold the
      411 words
    • 263 23 I USED to wonder why parents gave pagers or handphones to their children. I found out a few days ago. To my utter shock and surprise, I discovered that two of my children aged 12 and 15 own and maintain accounts with Singapore Telecom,
      \DAM LEK  -  263 words
    • 111 23 I REFER to the letter “Pagers, handphones too easy for kids" bv Ms Winnie Woon Kim Wah. It is an industry practice not to limit the offering of paging services to adults only. This policy is adopted by all Singapore paging operators. Sing Tel Paging does not
      111 words

  • 673 24  -  Hi JOANNE LEE MORE than three-quarters of the 650 new Housing Board studio flats for the elderly have been snapped up, and the Government plans to build 262 more in Toa Payoh and Bukit Merah. It will also introduce a slew of new measures
    673 words
  • 595 24  -  Sentence of 30 days is a first in Syariah Court history. It selves as a warning to others against breaching the court’s orders’ kjl BRAEMA MATHI THE Syariah Court on Tuesday sent a father in a child custody battle to jail for contempt
    595 words
  • 426 24  -  Hi CHANG Al-LIEN A LEADING career and recruitment fair, Choice Employers 98, has been postponed owing to lacklustre response from companies. The fair’s coordinator, MP Asia, said only 20 companies had booked places in the fair, one-fifth of the 100 companies that took part last year.
    426 words