The Straits Times : Weekly Overseas Edition, 20 June 1998

Total Pages: 24
1 24 The Straits Times : Weekly Overseas Edition
  • 20 1 The Straits Times Weekly Edition Saturday June 20,1998 Price: S$ 1.20 (in Singapore) Elsewhere by subscription only MITA (P) 047/08/97
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  • 451 1  -  Bti JEAN CHIA THE Government is revising its full-year growth forecast of 2.5 per cent to 4.5 per cent and may announce its new figures within two weeks, a senior Monetary Authority of Singapore official said on Tuesday. The revised gross domestic product growth (GDP) numbers
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  • 439 1  -  STRUCK BY RARE DISORDER M JASON LEOW THE man who led the Singapore Everest team, Mr David Lim, 33, is seriously ill in hospital after being struck with an uncommon disorder of the nervous system He was warded at the National University
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  • Page 1 Advertisements
    • 62 1 Deep-sea tragedy Missing Divers Found The bodies of Shaw family member Miss Shaw Soo Ling and Mr Philip Lemette (right), are found after diving trip goes wrong. page 3 I N M ALAYSIA Beware Of New Colonialism Dr Mahathir Mohamad warns of foreign control of the country’s economy, and calls
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    • 3 1 8 "*****1 *****6
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  • PRIME NEWS
    • 466 2 THE United States and Japan must work together to prevent the Japanese yen from tumbling while also avoiding a sudden slide in the value of the US dollar, said Senior Minister Lee Kuan Yew. Attempts to talk down the US dollar might hit
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    • 370 2  -  By SHARON VASOO A POLICEMAN shot himself at Peirce Reservoir park, and died in hospital yesterday at the end of a 13-hour drama that involved more than 100 policemen trailing him from Changi Airport. Police said Corporal Ben Lim Tze Chiang, 19,
      ERNESTCOH  -  370 words
    • 426 2  -  By LIM SENG JIN IT WAS meant to be a day of fun on Sentosa for schoolboy Yogesh Babar. But after going missing for 15 minutes, he was found drowned in one of the Fantasy Island pools on Saturday. Yogesh, eight, a pupil of
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    • 484 3  -  Shaw family member and her diving partner went missing in the South China Sea Hi/ JASBIR SINGH and CHUA CHIN HON THE bodies of two Singapore divers, who vanished on Saturday while diving in Indonesia, were found wedged under the metal supports of a disused oil
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    • 402 3  -  Bn PANGGEKCHOO THREE new MPs have been appointed office-holders by Prime Minister Goh Chok Tong. A press statement from the Prime Minister’s Office (PMO) last Friday announced that Mr David Lim, an MP for Aljunied GRC, will be Minister of State for Defence
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    • 439 3  -  *L WALTER FERNANDEZ NEWLY-APPOINTED Minister of State for Defence David Lim has been given the task of ensuring that Singapore gets the most out of its investment in defence technology. The 42-year-old Colombo Plan and President’s Scholar revealed this after he was sworn in
      CIIEW SENC KIM  -  439 words


  • HOME
    • 485 4  -  §!L KAREN WONG A MAN avoided paying for mobile phone calls by using a Subscriber Identification Module (SIM) card obtained from a syndicate which got it by making a fraudulent application in another person’s name. Ang Poh Seng, 35, admitted to using a
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    • 347 4  -  By TEH JEN LEE ONLY 3 per cent of companies here provide child-care benefits for their staff, says a report released by the Manpower Ministry. Contacted by The Straits Times, many of the firms which did not offer such benefits said they felt there was
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    • 379 4 THE trendy Stars restaurant at Chijmes in Victoria Street has been ordered to pay rent arrears amounting to $1,065 million. This is the amount owed to Chijmes Investment in rent from October until the American fine dining restaurant closed on May 13. It does
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    • 505 4  -  Cathay CEO and her mother take fund-raising pressure off Home Nursing Foundation BRAEMA MATIII A PLEDGE of a $1.5-million donation from an executive and her mother has helped to take the pressure off the Home Nursing Foundation (HNF) in its fund-raising efforts.
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    • 396 5  -  By RAY DHALIYVAL THE travel agents association here will organise a second travel fair one that it hopes will be upmarket, sell specialised tours and where the competition will not be on price. The National Association of Travel Agents, Singapore (Natas), which organised an
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    • 488 5  -  By CHUACHIN HON AS HIS mother stepped on the brakes, little James went flying into the car windscreen because she had forgotten to buckle him up. A grim ending to a tale. And that is why the Traffic Police are giving out 10,000 copies
      STEPHAME YE<>\\  -  488 words
    • 646 5 THE mother of a teenage girl is upset with a talent-scouting firm for refusing to refund her daughter’s $l2O deposit for cosmetics intended for a grooming course. The firm, she said, even threatened to “fine” her daughter $2,000 for not paying the
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    • THE JOB MARKET IN SINGAPORE
      • 459 6  -  By /JASON LEOW JOBS are chasing workers with specialist skills even as the number of new jobs in the market falls. But generalists and fresh graduates are in for a rough ride. Employment agencies told The Straits Times that specialist positions in information technology,
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      • 609 6  -  Young graduates are starting to feel the pinch, with fewer job ads and falling job vacancies ALISON DE SOUZA REALITY, it seems, is beginning to bite for Singapore’s young graduates, many of whom believed their degrees were a passport to the good life. Job advertisements in
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      • 401 6  -  By WONGCHEEMENG SINGAPORE women have to start thinking about working as construction workers, bus drivers and maids as this is not the time to be choosy about jobs, said the deputy secretary of the National Trades Union Congress, Mrs Yu-Foo Yee Shoon. “Female employees should
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      • 294 6  -  Bil LI XL EYING EVEN in the face of the rising tide of retrenchments in recent months, some companies, such as Mitsubishi Chemical Infonics (MCI) in Tuas, have been struggling to find workers. The local subsidiary of Mitsubishi Chemical Corp, Japan’s largest chemical
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    • 473 7  -  By BRAEMA MATHI WITH a touch of the button, the wardrobe shelves move to waist level for wheelchairbound Madam Wong Heng Kew, 54, for her to pick her favourite blouse. The accident victim, who is paralysed from the waist down, and 1,600 members
      SOMA TAN  -  473 words
    • 276 7 NEXT year’s Asia Pacific Dental Congress will be held in Singapore, but it will be organised by the Asia Pacific Dental Federation, not the Singapore Dental Association (SDA). The federation said it would give the congress back to the SDA to plan if the
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    • 358 8  -  Bu LIM SENG JIN A TEENAGER who did not have a riding licence died after he crashed a borrowed scooter. Deliveryman Neo Jianhao, 17. died two hours after the accident while his pillion rider, a student aged 16, broke her right arm and suffered cuts on
      SHIN MIN  -  358 words
    • 412 8  -  Bu] JOANNE LEE FORGOT the ring on your wedding day? Fret not. The Registry of Marriages will soon have a onestop shop at its premises to cater to all your last-minute wedding needs. The shop, which will span about 95 sq m, or about the
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  • Page 7 Advertisements
    • 173 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 ST
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  • Page 8 Miscellaneous
    • 1060 8 RADIO SINGAPORE INTERNATIONAL (ENGLISH) PROGRAMME SCHEDULES 1100 &gt; 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
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  • SPORTS
    • 212 9 RUGBY SINGAPORE successfully defended the Youth Cup rugby under-20 title against Thailand in Bangkok on Sunday, coming from behind to beat the host 17-14 in a thrilling encounter. The Republic trailed by 11-14 at the interval but two penalties from the boot of Ix)h
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    • 495 9  -  COMMONWEALTH GAMES *L S. MURALI SWIMMING, shooting and bowling received ringing endorsements, while rugby and lawn bowls were shut out when the Singapore National Olympic Council picked its Commonwealth Games team on Tuesday night. The Republic will be sending its largest-ever contingent of 30 (selected
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    • 405 9  -  BOWLING Bu THOMAS KOH IT WAS another productive week for Singapore’s Jack Wong, who pocketed US$5,OOO (558,499) for winning the Philippine leg of the AMF Asian Bowling Tour on Monday night. Just a week earlier, he became $lO,OOO richer after winning his fifth national
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    • 245 9 SOCCER TANJONG Pagar United manager Abol Fazl was let off with a warning on Tuesday after a three-hour SLeague disciplinary committee inquiry yesterday. He was hauled before the committee for making eight late changes to his team sheet before the June 2 match between
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    • 36 9 'THE misunderstanding arose after a phone conversation between Abol and Lee. Abol believed that he had permission to make any changes as his players were down with the flu.' S-League chief executive officer Chris Chan.
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  • MALAYSIA
    • 593 10  -  BRENDAN PEREIRA IN KUALALUMPI'R DATUK Seri Dr Mahathir Mohamad yesterday played the nationalist card warning Malaysians that the country was now locked into a war of independence with an enemy which commanded vast reserves of money which it could deploy to cripple the country
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    • 387 10  -  By SALIM OSMAN in KUALA Ll'MPl R KUALA LUMPUR The Malaysian government will pump another Ms 7 billion (Ss3 billion) into the economy this year to stimulate growth and stave off a recession. Disclosing this on Thursday, Deputy Prime Minister Anwar Ibrahim said that to
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    • 78 10 Over 45 years ago, ice-cream pedlar Fong Lam Huat was a familiar sight among residents of Kajang, Selangor, with his home-made aiskrim potong. Today, Mr Fong, 59, is still selling ice cream from his multimillion-dollar factory that is gearing up to fight the likes of Walls and
      THE STAR  -  78 words
    • 370 10  -  UMNO YOUTH CHIEF CALLS FOR REFORM By BRENDAN PEREIRA IN KUALA LUMPUR UMNO Youth chief Zahid Hamidi sent shockwaves through Malaysia on Thursday by denouncing nepotism, cronyism and corruption in the party, and refusing to be cowed bv Prime Minister Mahathir Mohamad. A fire-and-brimstone style
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  • SOUTH-EAST ASIA
    • 482 11  -  By LUZBAGUIORO IN MANILA BILATERAL ties between the Philippines and Singapore would remain strong despite a change in leadership later this month, Deputy Prime Minister and Defence Minister Tony Tan said last Saturday. “All in all, there are good prospects for further cooperation
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    • 431 11  -  Thailand makes it easier for foreigners to gain PR status as part of efforts to attract capital 5* EDWARD TANG THAILAND CORRESPONDENT BANGKOK In a bid to attract more foreign capital to its troubled economy, Thailand is considering a proposal to offer permanent residence
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    • 277 11 -AFP BANGKOK Thai Foreign Minister Surin Pitsuwan has called for a review of Asean’s policy of “non-interference” in the internal affairs of member states. During a speech at Bangkok’s Thammasat University last Friday, he said “a dose of peer pressure” could help prevent
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    • 339 11  -  LUZBAGUIORO IN MANILA PRESIDENT-Elect Joseph Estrada might face a mutiny by senior police officers as soon as he takes office if he insists on appointing a young man to head the police force. Senior police generals threatened to resign en masse
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  • COMMENTARY
    • 567 12 THURSDAY June 18,1998 AMID dire predictions of a worldwide recession triggered by Asia's financial crisis, Japan seems remarkably complacent about the impact of the tumbling yen on the region's economies and what damage it could wreak in its wake. Tokyo seems content to sit tight and wait
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    • 542 12 WEDNESDAY June 17,1998 Australia's Asian neighbours cannot but be dismayed by the stunning 25 per cent vote chalked up in the Queensland state election by a party that “in reality is about race, and it’s about guns”, according to opposition Labor Party leader Kim Beazley. Of
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    • 719 12  -  Second Last Word Btii CHUA LEE HOONG A LIVELY debate took place in the Forum pages last week, prompted by news that the two climbers who reached the peak of Mount Everest were not Singapore citizens but permanent residents. From questions about their
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    • 1157 13  -  MY VIEW By WARREN FERNANDEZ IT IS always the football games before school, during recess and after school that I remember most vividly when I look back to my early schooldays. I yearned to go. every day. So long
      LI'DWIC 11.10  -  1,157 words
    • 919 13  -  BY THE WAY B'J TAN SAISIONG ON APRIL 27. English-language teacher Juliana Kang, 26, was slapped by her Secondary 3 Normal stream student in Pasir Rjs Secondary School. The boy was expelled and one month later, he pleaded guilty in a juvenile court to causing
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  • INSIGHT
    • 1386 14 Lengthen question time. Extend the Budget debate. Let ministers explain new Bills at the first reading. These are among the changes being proposed by MBs to altmv more time for debate on policies and airing of public views. But will they work? KOH BUCK SONG
      NOEL KOSALKS  -  1,386 words
    • 474 14 CAN Government Parliamentary' Committees do more to gather public feedback and lead debate on new policies? Each GPC now decides its own way of working, some preferring to negotiate with ministers behind the scenes more than in Parliament. But they can play a
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    • 1073 15  -  THINKING ALOUD K’J SONNYYAP GIVE this column a miss if you think you will not be one of the 20,000 workers who are expected to be retrenched by the end of this year. But if you believe that labour helmsman Lim Boon Heng’s
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    • 911 15  -  THIS WEEK IN POLITICS By KOH BUCK SONG NO ONE could, in all seriousness, have expected anything less than the wage curbs for civil servants which were announced last Monday, at the traditional half-time in the annual calculations of these variable components of
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  • MONEY
    • 384 16 PRONOUNCED weakness in the Japanese yen spooked the Straits Times Industrials Index (STII) it hit a new 9 Mi-year low of 1,052.84. It and regional markets were dragged down by the yen’s continued weakening against the US dollar, fanning fears of currency devaluations and interest
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    • 77 16 ST Industrials Index The Straits Time', Industrials Index rose 31.44 points on the week to 1122.93. DAY CLOSE TURNOVER Monday Tuesday Wednesday Thursday Friday 1052.84 (-38.65) 1048.96 3.88) 1107.70 (+58.74) 1133.41 (+25.71) 1122.93 (-10.48) 115.883 ($247.923m) 144.157 ($268.895m&gt; 140.058 ($272.l65m) 306.680 ($487.517m) 142.954 ($319.383m) BT-MGA Index The
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    • 1877 16 Company Dot* •nn Nat earn TY LY &lt;$m) &lt;$m) [PS TY LY lets) (CIS) Allionco Toch Mar 27 P 30.423L 1.815 36.8 268 AsioPoc tana* Apr 30 P 3.707 36.089 0.50 5.10 Am*ta«l Bnd* Mar 31 1 593.907L 64.863 47L 5.20 Amara M Mar 26 P 7.425 5.602
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    • 225 16 RIGHTS ISSUE ExBooks ACC i Company Ratio date close Paymt out Two-for-flve »S$2.7S May 12 May 19 Jun 6 BONUS ISSUE ExBooks Company Ratio date close Flextech One-for-five Jun 2 Jun 9 NA SM Summit One-for-two Jun 2 Jun 9 Jun 25 Sup Matal Ono-tor-two Jun 2 Jun
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    • 32 16 Company Righti Issuo AsloMotrix ono-lor-ton (ooch wrt with 3 Wrts carrying Rt» to sub) tor ooch 10 •xisting thorn 900c Company Bonus Ittuo Eottorn PuB Ono-for-two Rotol Ono-tor-ono Hats. Ono-for-ono
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    • 58 16 Company Ptaca Data Tima Typ Soon A Jurong Country Clue 9 Scianca Cantra Jun 22 9.30am S'pora (*****8) Liang A tOO Orchard Rd Jun 26 3.00pm Court La Maridian S'pora latour Rm (*****0) OAF A Marina Mandarin Piscas/Aquarius Rm 6 Raffias Blv (*****4) Jun 24 2.30pm A: ACM,
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    • 269 16 Payment &lt;ets) Cl date It Pay date Acme 50c F 7.5 Jul 2 Jul 9 Jul 22 AC MB F 4 Jun 15 Jun 22 Jul 9 ANA Hotels b 2 Jun 18 Jun 25 JullO Apollo F 1 Jul 1 Jul 8 Jul 20 Armstrong 10c b
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    • 1262 16 Payment lets) Es date i! P»V date MBM Print 10c r O.ITE Jul 6 Jul 13 Jul 23 H Grand Cantral F 4 Jul 7 Jul 14 Jul 31 Htxza b 1 Sep 17 Jull Sep 24 Oct 8 Hiap Mon 25c F 1.25 Jul 8 Jul 17
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    • 362 17  -  MAS eases cash unit trust rules, the biggest change being removal of minimum investment amount Hu COLIN TAN SINGAPORE investors can expect a wider choice of more affordable unit trusts as well as more accessible information to help them decide what to buy. On Sunday,
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    • 201 17 AFP NEW DELHI The Foreign Investment Promotion Board (FIPB) of India has shelved a proposal by the Tata group to launch a domestic airline in collaboration with Singapore Airlines (SIA). The FIPB, which clears foreign investment proposals, took the decision on Saturday after the government announced on
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    • 493 17  -  By KALPANA RASHIWALA SINGAPORE'S largest department store, Takashimaya, slashed its net loss by 36 per cent last year to $9-8 million mainly by attracting a steady stream of concessionaires and tightening controls on expenditure. The improvement was achieved despite a 1.2 per cent dip in turnover to
      AIFHOVSO CHAN  -  493 words
    • 147 17 COUNTER RATES Buying OD Selling Singapore dollars to ona unit of foreign currency US dollar 1.6516 1.6872 Sterling pound 2.7386 2.8328 Australian dollar 0.9957 1.0383 Canadian dollar 1.1142 1.1509 NZ dollar 0.8438 0.8823 EC unit 1.8705 Singapore dollars to 100 units of foreign currency Austrian schilling 12.8501 13.5589 Belgian
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    • 115 17 Contract date: June 19, 1998 Unit On# mth 3 mth* 6 mth* 9 mth* 12 mth* Call V»lu* d*t* us 5 57. 57. 5V. 5V. 4V. 23/6 AS 4 V. 47. 47. 47. 4V. 47. 23/6 NZ 87. 8’/. 87. 87. 87, 7V. 23/6 STG 67. 77.
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    • 695 17 Manager's prices: June 19,1998 Aberdeen Asset Mgt Asia Ltd Aberdeen S’pore Gr Fund 0.752-0.791** Aberdeen Select Portfolio (it N AV) 0.803** 0.458** Malaysian Equity Fund 0.838** 0.783** Thailand Eauitv Fund 0.924** AIB Covitt (All!) Ltd Govett Asia Pacific Growth Fd 0.724-0.761® Govett Global Brands Fd 1.134-1.191® Amarlcan Inti
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    • 3763 18 Transaction date: June 19,1998 INDUSTRIAL COMMERCIAL 1998 Curr Last High Low Company Traded Solo ♦orVol *000 Day High Low Gr‘s Net M Cap Dlv P/E $mll Wt Avg Prlct 43 14 e ACC Dynamics60c. 16.5 0.1 20.6 13.5 17 31 19.5 e ASACtramic 20c.... US25 ♦1.5 52
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    • 831 18 1998 High Low Company Curr Last Tradod Sala ♦or* Vol '000 Day Hlqh Low Cr'* Dlv Nat P/C M Cap $mil Wt Avq Prlca 134 79.5 ABR Hldqs 5c 80 39.0 89 243 65 AS Auto 10c 76 ♦1.5 579 76.5 71 15.ON 6.3 86.8 71 82 48.5 t
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    • 1484 19 BONDS, LOANS WARRANTS Transaction date: June 19,1998 1998 Hl«h Low Company Last Sale ♦orVat '000 Day High Low Latt Ouote Buyer SoNor Wt Avg Price 23.5 9 m m AMDS c5.*****0216 10 10 13 20.5 5 ♦Acer W*****1 US$ 5 5 7.5 95 8.5 Acm* W*****4 11.5 unch 20 11.5
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    • 1392 19 Transaction date: June 19,1998 1998 High Low Company Curr Last Traded Sale Vol ♦•f 000 Day High Low Gross dlv Net P/E M Cap Smll MALAYSIAN STOCKS (hi S$) 135 28 m AISB50C 51 unch 56 52 49 5.0 21.3 52.3 65.5 12.5 m s AMDB 50c 19.5
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    • 568 20  -  Committee on Banking Disclosure dismisses need for quarterly results due to industry's longer cycle Bu TAN LI ENG BANKS ought to be granted greater tax relief for their provisions, the Committee on Banking Disclosure has suggested as part of its wideranging package of recommendations to
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    • 387 20  -  By NGWEIJOO SIEMENS Matsushita Components on Saturday officially opened its $7O-million Surface Acoustic Wave (Saw) filter manufacturing plant in Kallang Way, its first such facility- outside Germany. The new plant is expected to double the company’s production of Saw filters, and open a new chapter in
      UANHEWANBAO  -  387 words
    • 478 20  -  Bu J TAMMY TAN BELEAGUERED computer maker IPC Corn on Tuesday said it would make further provisions of $33.27 million for doubtful debts in its 1997 results, bringing total losses incurred by the group to $109.4 million. The amount represented the entire
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  • Page 21 Advertisements
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  • Page 22 Advertisements
    • 1133 22 CZJT2 CJ&lt; OXZ2& Explore the opportunities of a career nt Nl We seek dynamic and committed individuals who wish to pursue a promising career in the fast growing healthcare industry to apply for the following positions: EX6CUtIV6 (Medical Affairs Department) The Medical Affairs Department supports the NUH Medical Board and
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  • FORUM
    • 284 23 I SHUDDER TO THINK ABOUT WHAT GRADING MISBEHAVIOUR' AND ENFORCING A ‘WELL-DEFINED HIERARCHICAL SOCIETY' IN OUR SCHOOLS WILL DO. I FIND Ms Tan Sai Siong’s suggestion, “Grade students on their behaviour” (See Page 13), absolutely ridiculous. Save for the occasional incorrigible deviant, students generally do
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    • 401 23 I REFER to the report “Pinyin trial in eight schools” (ST, June 10). I am not against the teaching of Hanyu pinyin. But its introduction at Primary 1 is too early for our children because at that age, most of them
      LI’DWIG ILIO  -  401 words
    • 329 23 THE Land Transport Authority is currently upgrading several bus stops all over the island. The LTA proclaims that they are of “world-class" standard, but they seem exactly the same as the old bus stops, except that the new ones are made of a
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    • 437 23 Mr balasingamCHOW is right to say that the only way to provide commuters with a comfortable “all-weather” bus stop packed with convenient amenities is to have a high and large structure, similar to the former bus stop at the World Trade Centre. The
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  • 575 24 Manufacturing is no longer enough. Industry2l willadd manufacturing services so sector stays a pillar of economy SINGAPORE has to widen its focus in manufacturing to include manufacturing services. Because, as hundreds of millions of low-cost workers in Third World countries enter the job market, the
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  • 648 24  -  Ql SHARON VASOO AT A glance, they just look like rather large soft toys. But these dolls have anatomically accurate private parts. They help young victims of rape describe precisely how they were sexually assaulted. Because of this, said Senior Investigation Officer Amy Ting
    WONCPOKSKK  -  648 words