The Straits Times : Weekly Overseas Edition, 31 October 1998

Total Pages: 24
1 24 The Straits Times : Weekly Overseas Edition
  • 21 1 The Straits Times Weekly Edition Saturday October 31, 1998 Price: S$ 1.20 (in Singapore) Elsewhere by subscription only MITA (P) 080/08/98
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  • 635 1  -  CPF cut will be a signal to investors, he says, adding that the economy shrank by 1.5 per cent in the third quarter Bu AHMAD OSMAN PRIME Minister Goh Chok Tong on Thursday urged workers to bite the bullet and back a cut
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  • Page 1 Advertisements
    • 183 1 D I P LO M A WO E S Fake certs from beauty centre Student beauticians make police reports, claiming that the diplomas they received from Meng Har Beauty Centre in Singapore are fakes. page 5 r X v SLOWER GROWTH Singapore's economy shrank by 1.5% in the third quarter
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    • 34 1 M ATIIS W HIZZES Too many with perfect scores Organisers of an international mathematics competition ran out of medals to award Singapore students they had to take a second test, page 24 387*81' *****6
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  • PRIME NEWS
    • 542 2 NTUC ORDINARY DELEGATES CONFERENCE FOREIGN analysts and investors have given Singapore high marks for its rational response to the regional economic crisis and are now watching to see if it has the political will to trim costs and a sensible people who will back tough
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    • 541 2  -  This includes helping workers be employable, finding jobs for the retrenched and improving workplace relations ana labour-management ties Reports btj JASON LEOW, AHMAD OSMAN and ALISON DE SOUZA THE role of the trade unions is not to lower wages, but unions have
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    • 151 2 The Nov 2 edition of Newsweek praises the way Singapore has handled the economic crisis, and notes that the country’s government has built a city-state that is very attractive to foreign investors. WEATHERING THE CRISIS TOGETHER ‘THIS is the time for all Singaporeans to pull together.
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    • 355 2 MINISTERS and senior civil servants will take a deeper wage cut than other public officers, Prime Minister Goh Chok Tong said on Thursday. The public sector would also take the lead in using the flexi-wage system to reduce labour cost, he added. “This
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    • 493 3  -  KTUC ORDINARY DELEGATES CONFERENCE Bn AHMAD OSMAN TRADE union leaders will give their backing today for the Prime Minister’s proposal to cut the employers’ monthly CPF contribution from 20 per cent to 10 per cent. They are expected to endorse a resolution supporting
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    • 282 3 NTUC chief Lim Boon Heng has mooted the idea of paying a part of workers’ year-end bonuses with their monthly wages instead of doing so at the end of the year. Firms might then cut this flexible part of workers’ monthly pay if
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    • 445 3  -  By CHONG CHEE KIN THE ANG Soon Tong secret society (SS) is on the Internet, with an active bilingual site which features pictures of tattooed youths, young girls and SS slogans. The website, which The Straits Times found, is hosted in the United
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    • 395 3  -  Prime Minister Mahathir says that Malaysians do not have any Siarrel with Singaporeans, and at his relationship with PM Goh Chok Tong is very sound By BRENDAN PEREIRA IN KUALA LUMPUR FROSTY relations between Singapore and Malaysia have turned for the better recently, said
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  • HOME
    • 528 4  -  CTE RATES GO UP FOR TAXIS AND COMMERCIAL VEHICLES By GERALDINE YEO MOTORISTS will pay between 10 cents and $1.50 less to enter the Restricted Zone (RZ) from Monday. At the same time, the higher charge for entering the RZ at the Orchard
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    • 341 4 MINISTER of State for Communications John Chen on Monday explained why the Electronic Road Pricing charges for taxis and commercial vehicles using the Central Expressway (CTE) will go up from Monday, saying they have caused congestion there. “I think it is a very
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    • 614 4  -  Kent Ridge will in the year 2005 become a self-contained university village with cinemas, pubs, a museum and more »7 SANDRA DAVIE IN SEVEN years’ time, the National University of Singapore at Kent Ridge will be more than just a place for study when
      C CHAVORAOAS  -  614 words
    • 554 5  -  They told police the centre they graduated from is not accredited to the overseas institutes supposedly issuing their certs Hit CHONG CHEE KIN SEVEN student beauticians have complained to the police that the diplomas they were issued by Meng Har Beauty Centre
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    • 328 5  -  Bn CHONG CHEE KIN A SINGAPORE businessman was shot and killed while fending off two robbers in Kuala Lumpur last Friday. Mr .Johari Abdul Kahar, sb. was shot in the forehead at point-blank range when he picked up an iron rod
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    • 231 5 THE Consumers Association of Singapore (Case) said it had received 63 complaints against Meng Har Beauty Centre since Sept 20. Its executive director, Mr Edmund Baker, told The Straits Times that the complaints ranged from high-pressure sales tactics to false certificates. He
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    • 490 5  -  Bt, JASBIK SINGH MORE than a dozen Japanese hotel guests have complained to the police and the Japanese embassy here that two conmen tricked them of their passports. 'Hie scam is believed to be part of a passport-for-sale racket. The conmen were able to trick
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    • 533 6  -  This is because Singapore has become two to four times more costly than Malaysia, China and Thailand to do business in, employers say in an Snef survey By JASON LEOW COMPANIES surveyed by the Singapore National Employers Federation (Snef) have indicated that they
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    • 475 6  -  Hu LEONG CHING PRIME Minister Goh Chok Tong on Monday night launched the world's first Encyclopaedia on Chinese Overseas, suitably enough at the first university built by overseas Chinese the Nanyang Technological University. Explaining the choice of venue, banker Wee Cho Yaw, who heads the board
      LIM SIN THAI  -  475 words
    • 368 6  -  Hu CHIA MCIHOONG SINGAPORE Democratic Party chief Chee Soon Juan launched a new book on Tuesday chronicling the struggles of some Asian political figures, including South Korea's former dissident-turned-President Kim Dae Jung. Myanmar's Aung San Suu Kvi and Singapore's Chia Thye Poh. He told
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    • 688 7  -  Bu SHARON Y'ASOO THE sky was the limit for government scholar Bernard Tan Tong Khoo, 43, until greed and gambling got the better of him. From betting on football when he was at Cambridge University on an overseas merit scholarship, he graduated to
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    • 26 7 THE RSAF has always adhered strictly to the terms and conditions covering RSAF flights in Malaysian airspace, says the Ministry of Defence.
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    • 659 7 The Defence Ministry says it is puzzled by the latest allegations that RSAF aircraft had intruded into Malaysian airspace THE Ministry of Defence (Mindef) has categorically denied the latest Malaysian allegations that Republic of Singapore Air Force (RSAF) aircraft intruded into Malaysian airspace. The
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    • 467 8  -  Returning after a shopping trip in JB, he was arrested at tne Second Link on Oct 18. After being held for 10 days, he was released TROUBLE AT MALAYSIAN CUSTOMS B’l JASBIR SINGH A SINGAPOREAN man was arrested by Malaysian police
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    • 364 8 JOHOR BARU A Singaporean who tried at the Causeway to bring out *****.375 (RM486.918) had the cash seized as he failed to fill out the Travellers Declaration Form (TDF) properly, said Johor’s Customs department. The Sunday Star reported on Sunday that the cash
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  • Page 7 Advertisements
    • 208 7 GAIN A STRATEGIC UNDERSTANDING OF THE ASIA PACIFIC REGION The Master of Arts in Asia Pacific Studies taught in Singapore, made available to the region via internet... The only course of its kind in Singapore, the MA in Asia Pacific Studies is an internationally recognised Master's level programme from one
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  • Page 8 Miscellaneous
    • 1060 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
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  • SPORTS
    • 237 9  -  ASIAN GAMES Bn THOMAS KOI! SPRINTERS Hamkah .Afik and Yusof Alias, who are now training in New Zealand, may have to make a quick return to Singapore. The Singapore National Olympic Council has turned down an appeal by the Singapore Amateur Athletic Association to
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    • 421 9  -  ASIAN RUGBY CHAMPIONSHIP Bn CHAN TSE CHLEEN THAILAND will compete in the Asian Rugby Championships after all. This decision was reached at an emergency meeting on Sunday evening at the Orchard Hotel. The meeting was convened after Thailand refused to play Singapore in its
      lERRYSEH  -  421 words
    • 342 9  -  Upgrading means the sport w ill get more money from the Singapore Sports Council SPEX 2000 «V PETER SIOW SHOOTING has just been promoted to a core sport by the Singapore Sports Council because of its fine track record in the past few years. Eight
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    • 206 9 THE man in the middle of the Standard Chartered Asian Rugby Championships controversy, which saw Thailand booted out of the tournament and then reinstated. said on Monday that he would step down over the issue. Decho Sariputra, secretarygeneral of the Asian Rugby Football
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  • MALAYSIA
    • 574 10  -  Attempts to topple his government will not succeed, he says, and accuses the foreign media of adding fuel to fire By BRENDAN PEREIRA IN KUALA I.UMPUR PRIME Minister Dr Mahathir Mohamad said on Monday that attempts to overthrow his government through violent street demonstrations
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    • 540 10  -  By BRENDAN PEREIRA IN KI'ALA Ll'MPl'R A JAILED Pakistani associate of sacked Malaysian Deputy Premier Anwar Ibrahim has accused police of humiliating and brainwashing him prior to his confession of homosexual acts with Anwar. Munawar Ahmad Anees. who once wrote speeches for .Anwar, said
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    • 379 10  -  Reports by BRENDAN PEREIRA IN KUALA LUMPUR POLICE arrested 241 people, including one of Malaysia’s best-known student activists in the 1970 s and a close associate of Anwar Ibrahim, following violent street demonstrations here on Saturday. Mr Hishamuddin Rais, who returned to
      REITERS  -  379 words
    • 255 10 AFP KUALA LUMPUR Some domestic Malaysia Airlines flights have resumed at Kuala Lumpur’s old airport after the move to the more distant new airport led to a drop in passenger traffic. “A study was carried out and a need to move some
      AFP  -  255 words

  • SOUTH-EAST ASIA
    • 603 11  -  Indonesia’s largest Muslim group threatens to take the law into its hands if killings are not stopped By SUSAN SIM INDONESIA CORRESPONDENT JAKARTA Indonesia’s largest Muslim group has stepped up pressure on the military to stop a wave of killings in East Java hv issuing an
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    • 339 11  -  By NTRMAL GHOSH PHILIPPINES CORRESPONDENT MANILA Government agents over the weekend raided a farmhouse north of Manila, arresting 11 suspected members of a notorious kidnap gang. “You’re lucky to be alive,” President Joseph Estrada told the suspects when he presented them before reporters on Monday.
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    • 84 11 AFP ZAMBOANGA (Philippines) Italian priest Luciano Benedetti, 54, is being forcefed by his Muslim guerilla kidnappers after he began a hunger strike to press for his release from 49 days of captivity, a government negotiator said on Tuesday. “His kidnappers are forcing him to eat. "They
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    • 192 11 AFP LUXEMBOURG The European Union has decided to step up sanctions against the military regime in Myanmar. The decision, made at a meeting of EU Foreign Ministers on Monday, included extending an existing ban on visas for senior junta officials to cover the tourism sector.
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    • 382 11  -  ANUTTRA CHINALAI IN BANGKOK THAIS are being encouraged to spend more and save less to help stimulate the stagnant economy. The Bank of Thailand urged the public recently to spend more money to boost demand and help revive businesses hit by poor sales.
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  • COMMENTARY
    • 567 12 SATURDAY October 31,1998 WHEN the going gets tough, the tough get going is an old aphorism, not confined to the movies once known as Westerns. Like much else in art, it reflects life. That is something to be remembered by those Singaporeans and there are bound to
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    • 605 12 TUESDAY October 27,1998 YET once again, the Singapore Government has to set the record straight and deny categorically the latest Malaysian allegation, this time made in the Dewan Rakyat, that aircraft from the Republic of Singapore Air Force (RSAF) have violated Malaysian airspace. To be
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    • 795 12  -  B,i SIA CHEONG YEW THAT little red dot on the map is at it again dreaming what is seemingly another impossible dream. This time, its vision is Goal 2010. By that year, it hopes to assemble a team of footballers capable of qualifying for
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    • 1127 13  -  MY VIEW By tHt A MAT HOONG NEXT year will be worse than this year. The year after may be worse, and the year after, and the year after who knows? At times like these, common folk shake their heads, batten
      LIDWIC 11.10  -  1,127 words
    • 937 13  -  BY THE WAY By TAN SAI SIONC WHEN Malaysia fenced in its economy nearly two months ago, it was a move that had practically no supporters, apart from those inside the country and others who have experienced massive disruption to their
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  • INSIGHT
    • 1897 14 Joblessness has cotne as a rude shock to a people long accustomed to full employment and affluence. How will it change the psyche of the Singaporean? Will it affect the Governments standing with the people? IRENE NG weighs the implications. “WHAT one
      NOEI. KOfALES  -  1,897 words
    • 1012 15  -  THINKING ALOUD ZIRAIDAH IBRAHIM THERE is a new wind blowing across Asean and, this time, it is not bringing the haze. What this gust threatens to sway, and maybe even uproot, is the policy of non-interference that has been the bedrock of the grouping since its
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    • 986 15  -  THIS WEEK IN POLITICS CHI A LEE HOONG DOUBT is being cast on the much vaunted unity of the Association of South-east Asian Nations as a regional organisation these days and little wonder too, given the spectacle of three of its founding
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  • MONEY
    • 414 16 THE Straits Times Index ended on a strong note this week to close above the key 1.200-point resistance level as falling interbank rates fuelled speculations >f interest rate cuts by banks. Blue chips and second board stocks each had a turn at the
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    • 68 16 Straits Times Index The Straits Timas Index rose 91.03 points on tlw week to 1,204.62. DAY CLOSE TURNOVER Monday 1.113.50( 0.09) 215.9(5248.42ml Tuesday 1,153.60(*40.10) 398.7($457.70m) Wednesday 1180.22C26.62) 489.KS573.06m) Thursday 1.185.65C5.43) 474.4(5486 39m) Friday 1.204.62C18.97) 657.8(5620.10m) BT-SRI Index The BT-SRI Index rose 52.14 points on the waak to
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    • 863 16 M l 23<SimS3»§833ss*2l. iSsiSIS»!!:!!. 3S»SHS«8S8a3m$SSI3Ss3i«3S?iJS535Mi5!33SS335siaS55is83!iSs5M8 sS<5SS222l«JsS8«SJ?8iliS?Si5l5?S!?S22?35lS^3^SS5«il!l5§JsSSiiSi5.5JS5«S!!SIlSSS«<5Si3?sS5J?355f<5S25S5 isSsilisiilsiilliiisi. siiif isiitf in. ii§ii3illlii!ililiililsiii§lsillliisiiii§iliillsi!liiii§9isiil§isii ii S3sSSs5?»e«.S»SXS=:ffSKSSSS2:J3r-r‘S>«> SKi«SaSSR c^3sSS2S-SSS««!;eeass9e!!;j;sS«stasta~a^Sso.ssStt^S2SSSSfc 0 .3s^asSS miimmttisimnnHmsimmimmiiimimmnuiaimiimmiiHisimmimmimiim illilitlllilhssllIgLlllIlIllliĕlllllllililllllilllilSilllllllrllltiliillllltiiis^rlliiiillllllislhtl Llenh Mu»t Sep 30 1 4 3231 2 324 2L 1.07 Low Kwn<j Moot Sep 31 1 I.685L 2432L 1.4L 2L Lee Kim Teh Sep IS 1 2.901 1.192
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    • 908 16 Payment ids) Cv flat# Books close Pay date Accra 50c 1 2.5 Od 6 Oct 13 Oct 27 ASA IOC t 1.5TE Sep 22 Sep 29 Oct 13 Arab M si*n 50c c 0.5 Oct 1 Oct 8 Oct 23 BMT SS10.00 F 56 Oct 20 Oct 27
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    • 175 16 RIGHTS ISSUE Company Ratio Exdate Books close ACC fc Paywt Sera ASA Pan M'siar 1 for 2 204 »US$1.30 Sap 11 one-for-one «RMO 50 Jul 31 Sep 18 Aug 7 NA Sep 24 BONUS ISSUE Company Ratio Exdate Books close Datacraft one-for-one Nov 3 NovIO Dec 21 OTHERS
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    • 21 16 Company Rights Issue CK Tang Two Rights Shares for every One $0.20 Share held.lssue price 2i.Sc Company Bonus Issue
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    • 127 16 Company Place Date Time ST Copitai E Conference Room 2 79 Robinson Ro «30-00 CPO Blog S'pore(C*****) Oct 26 3.00pm Social System E Le Orana Palace 390 Havelock Rfl King s Centre «01-01/0S «02-01/06 S pore *****21 Oct 26 11.30am Stamforo Tyras A 21 Lok Yang Way S
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    • 1157 17 UNIT TRUSTS FUNDS October 31.1998 Managers* prices (Ss) UNIT TRUSTS Aberdeen Asset Mot Alii Ltd Aperdeen S pore Cr Fd 0.75T 0.796 Aberdeen Soloct Portfolio (at NAV) American Opnort Fd 0.899 Continental Euro Eqty Fd 0.895 Jaoan Eqty Fd 0.952 Avan Fixed income Fd 0.885 Pacific Equity Fd 0.785 Indonesia
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    • 178 17 COUNTER RATES (9am, Oct 30) Buying OD Selling Smqaoore dollars to one unit of foreign currency Australian dollar 1.0010 1.0220 Canad an don»' '.0380 1.0600 N2 dona' C 8490 0.8680 Ster'inq oound 2.7’6C 2.7440 uSdo"ar \6’9C 1.6300 Smqaoore dollars to 100 units of foreign currency Austrian schilling 13.8C 14.20
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    • 429 17  -  But analysts expect a turnaround as electronics manufacturers clear their inventories Bu NG WEIJOO SINGAPORE’S industrial production fell for a fifth month, dropping 1.7 per cent last month amid declines in output from the electronics and engineering clusters. The electronics cluster, which accounts
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    • 491 17  -  Hu JEANCHIA MEET your new remisier the Internet. Internet share trading on the Stock Exchange of Singapore (SES) kicked off on Wednesday as stockbrokers I.im and Tan Securities and Vickers Balias Holdings launched their online systems, a first in virtual stock trading.
      FOO II WE I WEN  -  491 words
    • 4190 18 Transaction date: October 30,1998 MULTI INOUSTRY 1998 Nigh tow Company Curr Last TraOea Sate ♦or* Voi 000 Day High Low Gr'a Net M Cap Dlv 96 P/C $mil Wt Avg Prlc* '42 49 5 81.5 -2 3158 85 81 27.5 5.7 1348 80 65.5 38 45 ♦5
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    • 956 19 1996 High Low Curr Last Company Traded Sale ♦or* VOI 000 Day Htgn LOW Cr's Div Nat P/Z M Cap Smli Wt Avq Prlct MANUFACTURING 243 30 p AS AutO IOC 99 ♦7 6109 10' 9' 15.0N 9.3 113.0 93 82 45 e ASJ Hidgs 20c 59 ♦3 5
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    • 1359 19 BONDS, LOANS WARRANTS 1990 High Low Company Lost $01# ♦Ofvoi 000 Ooy High LOW Last Quota Buya' SaMyr Wt Avg Pflct 20.5 3 A Acar W*****1 USS 13 5 •1 302 15.5 135 13 14 95 4 5 Acma W*****4 19 ♦0.5 858 19.5 18 18.5 19 18 AIITpcli W*****7
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    • 171 19 Transaction date: October 30,1998 1996 High Low Company Curr Last Tradad Saia voi ♦Of 000 Day High Low Cross div Not Pit M COP Smil HONGKONG STOCKS 400 250 COL (2000) HK400 8.0 20.5 7744.? Cathay Pac 20c aa .a.HK72C 265 0 6.0 *****.4 ChtungKongSOc HK1780 240.0 3.0
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    • 426 20  - SES delists MidContinent from Sesdaq OCBC Bank rapped for not informing the exchange that 90 per cent of the public issue was allotted to only five people Bu JEAN CHIA IN AN unprecedented move, the Stock Exchange of Singapore (SES) has delisted MidContinent Equipment Group, the penny stock which hit
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    • 689 20  -  Bi/ CHAN WEE CHUAN SINGAPORE Airlines last Friday reported a 24 per cent drop in interim net earnings to $468.3 million, hit by a fall in yields and carrying loads as a result of the regional downturn. Group turnover eased 3.6 per cent to
      RAYMOND I.H  -  689 words
    • 355 20  -  By DOUGLAS WONG IN KUALA LUMPUR MAI*AYSIAN Prime Minister Mahathir Mohamad last Friday repeated his criticism of Singapore’s over-the-counter market for Malaysian shares, saying Clob “caused the sudden and drastic decline” in Malaysian share prices. He said that “rumours, which were often created and
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  • Page 21 Advertisements
    • 1186 21 The Straits Times Weekly Edition APPOINTMENTS esplanade THEATRES ON THE BAT Setting the Stage for the Arts Esplanade Theatres on the Bay will be Singapore’s premier international performing arts centre When it opens in 2002, it will comprise world-class venues to host the best Asian and Western performances from the
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  • Page 22 Advertisements
    • 931 22 I BMtal mm Trade Connection Singapore Trade Development Board was established with the mission to develop Singapore into a premier international trading hub. With an extensive network of overseas offices, TDB initiates and implements trade development policies and schemes. It also promotes trade by helping Singapore-based companies reach the global
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  • FORUM
    • 490 23 I REFER to the report, “Mahathir only ‘expressed what Malavsians felt' (ST, Oct 24). That statement deserves some analysis. Anyone who has been following recent events will realise that these "feelings of Malaysians” were actually aroused by Dr Mahathir. He was very critical during
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    • 405 23 ON OCT 23, Handicaps Welfare Association president Nancy Chia’s letter, “Not too late to cater to disabled”, was published. However, on reading the Land Transport Authority’s (LTA) letter, “LTA considers needs of disabled during planning” (ST, Oct 17) by Ms Toh Su Fen,
      LI’DWIC 11.10  -  405 words
    • 400 23 YEARS of observing people and recent events in this region have prompted me to share this story from ancient China. Zou Ji and Xu Gong were two men who were famous in the Kingdom of Qj for being good-looking. One morning, Zou Ji asked his wife
      MIEL  -  400 words
    • 129 23 IT IS absurd and shocking to learn that a written application is required in order to enter Malaysian airspace to reach the site of a mishap. By the time approval is received, which can take several hours, the unfortunate victims would have been long dead. Absurdities
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    • 126 23 A FRIEND’S father died recently. On the first night of the wake, a group of strangers approached the family and asked that they be allowed to gamble “legally” where the wake was being held. When they refused, the men hung around. On the second
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  • 562 24  -  Together with another idea building shopping centres above stations such a move could lower pump prices Oil WALTER FERNANDEZ MOTORISTS here might soon see lower pump prices all round, if two initiatives now being considered by the Government bear fruit. Mr Ho Meng Kit, deputy
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  • 486 24  -  Hr, ALISON DE SOUZA SO MANY Singapore students received perfect scores in a recent international mathematics competition that the organisers ran out of medals to award them. So the 23 who aced the annual Australian Mathematics Competition had to take a second test
    WONCKWAICHOU  -  486 words
  • 400 24  -  MARY KWANG CHINA CORKKSPONDEVr COMMUNICATIONS Minister Mah Bow Tan on Wednesday called for more Internet content reflecting Asian cultures to be developed and sited in Asia. He was speaking in Beijing at the signing of a memorandum of understanding (MOU) with Chinese
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