The Straits Times : Weekly Overseas Edition, 30 January 1999

Total Pages: 24
1 24 The Straits Times : Weekly Overseas Edition
  • 23 1 The Straits Times Weekly Edition Saturday January 30,1999 Q r> I f r-f* Price: S$ 1.20 (in Singapore) Elsewhere by subscrbWi (P) 080/08/98
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  • 507 1 Forecast for next year prompts Asean ministers to explore several proposals to woo tourists. Tourism earnings in the region fell by USs7.sb last year TOURIST arrivals to the AsiaPacific region are forecast to fall by 11 million by next year, prompting Asean tourism
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  • 634 1  -  UIL ELENA CHONG A HOUSEWIFE who helped her husband and his accomplice to dispose of the body of a young Bulgarian woman, by acting as their look-out, was jailed for six years yesterday. In sentencing Hezlinda A. Rahman, 23, Senior District
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  • Page 1 Advertisements

  • PRIME NEWS
    • 531 2  -  Education Ministry wants them to repay the bonuses as they were also rewarded by their schools §1 SANDRA DAVIE SEVERAL senior teachers in independent schools have been told to repay the Government the merit bonuses they had received for the last two years,
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    • 491 2  -  Bu DOMINIC NATHAN THE Environment Ministry (ENV) on Wednesday refuted allegations which have been appearing in Indonesian newspapers about government agencies and companies here being involved in exporting and dumping waste in Indonesia. The reports, which have appeared in at least four Indonesian newspapers since
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    • 410 2  -  *L COLIN TAN SINGAPORE’S largest industrial landlord and developer, Jurong Town Corporation, has begun its latest phase in developing Jurong Island with the biggest reclamation contract it has ever awarded $1.3 billion. The reclamation, which started on Monday, will add another 977 ha of land,
      JEROME MINC  -  410 words
    • 522 3  -  Developed countries should ease their transition into the international financial system to buffer them against shocks CHL A LEE lIOONG IN DAVOS THE onus is on developed countries to help developing countries join the international financial system in such a way that the latter
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    • 280 3  -  CHUA LEEHOONG SENIOR Minister Lee Kuan Yew called on Malaysian Prime Minister Mahathir Mohamad at the latter’s hotel here yesterday. Mr Lee’s spokesman said that the two leaders met for an hour in Dr Mahathir’s suite, with no aides present. They discussed, he said,
      HI l Tl KS  -  280 words
    • 366 3 SINGAPORE has entered a deflationary’ phase, the latest official statistics show. And this trend of falling prices is expected to continue for some time to come, economists say. For the first time in 13 years, prices of consumer goods for the whole of
      C. CHANDKADAS  -  366 words


  • HOME
    • 514 4 They touch on several topics, including becoming a more vibrant society and regaining full employment, at PAP conference THE regional economic crisis has made clear that the Singapore Dream should not be just about economic and material success, said Minister of State for Defence David
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    • 312 4 THE outbursts from Malaysian politicians who accuse Singapore of being “unappreciative" and “insensitive" are unwarranted and unproductive, said Mr Lim Swee Say, an MP for Tanjong Pagar GRC. The sensible thing to do is for both sides to leave such bilateral matters to the two
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    • 409 4  -  Hip CHUA CHIN HON A SCHEME in which teachers are appointed honorary senior Volunteer Special Constabulary (VSC) officers and given powers of arrest is a hit among students surveyed, with an overwhelming majority saying that it has made their schools safer. The survey was conducted by the
      WONG KWA! CHOW  -  409 words
    • 213 4  -  By EDWARD TANG THAILAND CORRESPONDENT BANGKOK A 32-year-old Singaporean man was executed in Vietnam last Saturday for trafficking in 2.1 kg of heroin, a crime punishable by death under the law of the country. Tan Kwa Eng, who was arrested on May 25,
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    • 544 5  -  The URA's $4.2-million gallery on land use in S'pore has interactive exhibits that allow you to do this and more «1 TANHSUEHYUN CALLING all control freaks: the Urban Redevelopment Authority Gallery in Maxwell Road is heaven. Visitors can spy on the buildings and 7.00
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    • 441 5 SUPPLY OF 5 MILLION GALLONS OF WATER DAILY EIGHT new storm-w-ater ponds, costing $l7O million, will be built to collect run-otf water from heavy rains and boost Singapore's domestic water supply. Six of them will be built in Sengkang and Punggol, and two
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    • 474 5 THE public will be able to use the special tour buses Singapore Airlines is putting on the road as part of its latest stopover promotion, which starts on Feb 1. While transit tourists will ride free as part of the stopover
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    • 477 6  -  Malay-Muslims from cabbies to imams will be enlisted to help in drive to prepare community Tor impact of changes in economy AHMAD OSMAN MALAY-MUSLIM Singaporeans from all walks of life, including taxi drivers, will be mobilised by the Association of Muslim Professionals to prepare the community for
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    • 607 6 WORKERS at a bak kua factory in Senoko get to see the bacteria from their hands. Once a month, six workers at the Chop Hup Chong Food Industries factory are selected at random and asked to touch some gelatine with their unwashed hands. After
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    • 139 6 THE bad news is, more juveniles were nabbed. Number: Last year, 2,242 were arrested, an increase of 4.4 percent over the 2,147 cases in 1997. Students: There was a 5 per cent increase in the number of students, from 1,749 in 1997 to 1,925. Shoplifting: Juveniles
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    • 303 6  -  *L CHLA CHIN HON MORE juvenile delinquents were arrested last year compared to 1997, with students making up an increasing proportion. Most of the offenders, aged between seven and 15, were caught for shoplifting, which saw a 40 per cent increase last year,
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    • 341 6  -  Hu ELENA CHONG A RECORD $4.6 million fine was on Tuesday imposed on a businessman who imported electronic and other goods here from Batam without paying Goods and Services Tax amounting to $310,199District Judge Seng Kwang Boon granted an application by Customs prosecutor Ronnie Tan
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    • 586 7  -  Full, bond-free scholarships are being offered to entice top brains in region to live and invest here BY DOROTHY HO ABOUT 100 no-strings-at-tached postgraduate engineering scholarships are up for grabs from the Singapore-Mas-sachusetts Institute of Technol- ogy Alliance (SMA). The full, bond-free scholarships, for four new courses
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    • 427 7  -  POSTGRADUATE PROGRAMMES ON FINANCIAL ENGINEERING Bu SANDRA DAVIE THE Nanyang Technological University and a top American technology-oriented university, Carnegie Mellon University, have tied up to conduct research and run postgraduate programmes on financial engineering. NTU is setting up the Centre for Financial Engineering which
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    • 613 7  -  ASIAN VERSION OF MBA PROGRAMME IN SINGAPORE §iL JOANNE LEE A TOP American business school is setting up a city campus here to run an Asian version of its executive Masters of Business Adminstration (MBA) programme from mid--2000. The University of Chicago Graduate School
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    • 236 8  -  Website technology developed locally scans the Net and alerts you when websites are updated S!L EDMUND TEE INTERNET users who access the Buzz City website can make use of its free online postman', who will deliver the Internet content they ask for. and give them a
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    • 186 8 GOH Shining, 19, spends her Saturday nights dancing not with her friends, but with her parents. The Gohs are keen folk dancers and were among 1,500 people who took part in the Fifth Mass International Folk Recreation Dance Night organised by the Singapore
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  • Page 8 Miscellaneous
    • 1063 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
    • 155 9 lURONG Football Club’s V. Sundramoorthy, 33, has been appointed player-coach. The temperamental striker the first player to wear two hats in the S-League this season is looking forward to his new role with bright-eyed freshness. He said: ’The challenge of picking my own team is too tempting to
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    • 380 9  -  SOCCER: DUNHILL CUP fly SANTOKII SINGH IN HO CIII MINI! CITY NATIONAL soccer coach Vincent Subramaniam and his young Lions failed their first international test quite miserably as they went down 0-1 to Vietnam last night. The cauldron of the Ho Chi Minh City Stadium packed
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    • 416 9  -  SNOOKER Hi, CHANTSECHUEEN SNOOKER has finally famed a vote of confidence from schools. After months of trying, the Singapore Billiards anil Snooker Council has roped in five schools for its "Snooker in Schools" programme starting this year. Anglo-Chinese School (Barker Road), Anglican High, Beatty
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    • 223 9  -  SWIMMING Hip CHAN TSE QUEEN LEADING official Woon Sui Kut will be resigning as the Singapore Amateur Swimming Association’s secretarygeneral after holding office for 34 years. From next month, Sasa executive committee member Chiang Peng Kheng will take over the duties of this
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    • 426 9  -  Tempers flare at SKF meeting as two affiliates storm out KARATE Comment In, PETER SIOW MARTIAL arts contests are, by nature, boisterous and rough. But must the animosity extend to the officials too? Martial arts officials who preach the importance of discipline often cannot
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  • MALAYSIA
    • 519 10 Following public outcry against the hike in toll fees, Mahathir orders a halt in construction and announces a reduction of charges Bernama, Bloomberg News KUAIj\ LUMPUR Prime Minister Datuk Seri Dr Mahathir Mohamad on Wednesday ordered the building of all new toll expressways to
      Bernama,; Bloomberg News  -  519 words
    • 85 10 LA NINA BRIN6S PROSPERITY: Perak farmer Ng Choong Fee, 60, and his wife You Mooi, 40, are enjoying a bumper crop from their pineapple and pumpkin orchards, thanks to the La Nina weather fihenomenon. The rains from La Nina have brought about bigger ruit up to
      TIIKSTAK  -  85 words
    • 328 10  -  INDEPENDENT COMMISSION OF INQUIRY By DOUGLAS WONG IN KUALA LUMPUR PRIME Minister Mahathir Mohamad announced on Wednesday that the government would set up an independent commission to investigate the injuries suffered by his former deputy Anwar Ibrahim while in police custody. The three-member commission would
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    • 300 10 New Straits Times KUALA LUMPUR Government websites on the Internet, touted as important sources of accurate and timely information during their launches, have become “cobwebs", with some sites last updated in 1.996. After the novelty of the launch wore off, many of these sites
      New Straits Times  -  300 words
    • 209 10 New Straits Times KUALA LUMPUR Officials are monitoring a forged-pass-port syndicate with links to triads in China and other organ-ised-crime groups. The ring has raked in millions of ringgit from the sale of forged passports to foreigners. Immigration Department director-general Datuk Aseh Che
      New Straits Times  -  209 words

  • SOUTH-EAST ASIA
    • 498 11 Abri chief Wiranto wants ex-President to use his influence to halt chaos created by followers Reuters, AFP JAKARTA Indonesia’s armed forces chief General Wiranto has asked former President Suharto to use his influence to stop the unrest created by his followers, the Jakarta Post
      Reuters,; AFP  -  498 words
    • 475 11  -  MRMAL GHOSH PHILIPPINES CORRESPONDENT MANILA Fighting escalated dramatically in Mindanao on Tuesday between the military and the separatist Moro Islamic Liberation Front (MILF), following President Joseph Estrada's “If they want war, well give them war” remark. The skirmishes of the past few days erupted in
      PHILIPPINE DAILY INQI IKEK  -  475 words
    • 362 11 -AFP BANGKOK Thailand imposed water rationing in its northern provinces yesterday as the region suffered its worst drought in years and farmers warned that their rice crops would soon die without fresh rains. The shortfall has been exacerbated in northern Thailand as farmers had
      -AFP  -  362 words
    • 283 11 MANILA There are now 500 convicted rapists on death row and their number is expected to rise with more cases of incest being reported to the police. Rufino Ernes, a 37-year-old labourer from Calamba, Laguna, has become the 500th rapist on death row, Senator
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  • COMMENTARY
    • 615 12 THURSDAY January 28,1998 AS ASIA’S economies are stabilising after their battering by forces local and foreign, speculation of a devaluation of the Chinese yuan sparked another round of market insecurity. That has subsided, but it is obvious that in a world where confidence reflects a psychological,
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    • 582 12 TUESDAY Jamuarj26jl99B IF EGGS have to be broken to make an omelette, heads have to be knocked together, at the very least, to discipline rioters in the Indonesian island of Ambon, which has yet to recover from the worst outbreak of violence, with more than 50
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    • 782 12  -  SECOND LAST WORD Hl ALANJOHN CALL it the Mystery of the Missing Workbooks, and it could be the title of a paperback whodunnit for 10-year-olds. It is now Week Four of the school term and there are children in primary school who still do
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    • 1319 13  -  MY VIEW ij CHERIAN GEORGE AT EXACTLY the same time that Parliament was debating the Government's new bilingual education policy, two leading lights of Singapore’s Chinese intellectual elite were offering some valuable advice. Do not let politics obscure one’s view of what
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    • 994 13  -  BY THE WAY TAN SAISIONC A PHOTOGRAPH in the East Asia section of The Straits Times last Thursday caught my eye because it showed a little cherubic girl with her hand held out. The caption that went with the picture tugged mightily at the
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  • INSIGHT
    • 1664 14 Some 1,000 PAP cadres cast their secret ballots to elect members to the party s highest policy-makingbodu on Sunday. What issues dominated the 25th ordinary party conference? IRENE NG reports. THE last time Mr David Lim, 43, and Mr Lim Swee Say, 44, addressed
      N'OKI. ROSALKS  -  1,664 words
    • 1357 15  -  THINKING ALOUD By WARREN FERNANDEZ IN POLITICALLY-quiet Singapore, not a few foreign observers and even some Singaporeans are wont to say that politics is dead. After all, there seems scarcely any dramatic partisan politicking, factional infighting or public demonstrations to behold. The Government, it would
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    • 947 15  -  LAST WEEK IN POLITICS By l CHUA LEE HOONG lANGUAGE is an issue with rich pickings for the rabble-rousing politician. Societies have been torn apart by it. Realising this, the Government came prepared last Wednesday, when it announced its proposed changes to the teaching
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  • MONEY
    • 373 16 THIS week saw a volatile market tracking the Dow closely, with no clear direction of its own. There was a lack of fresh leads and market sentiment was weak. Instead, investors here all looked to the US for signals, even as the local
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    • 73 16 Straits Times Index TIm Straits Timas Indox fail 50.61 points to 1,426.14 for tho nook. DAY CLOSE TURNOVER Monday 1,398.02 (-80.73) 305.29m ($587.92m) Tuesday 1,417.14 (+19.12) 265.79m <$499.96m) Wednesday 1.457.44 (+40.30) 249.85m ($422.15m) Thursday 1.426.02 (-32.42) 157.44m ($311.66m) Friday 1,428.14 (+2.12) 150.08m ($281.74m) BT-SRI Index Tho BT-SRI
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    • 1793 16 Company Oat# #nn Net earn TY LY <$m> t$m) EPS TV LY (ctl) lets) Adv Systoms Dec 10 1 2.345L 7240 2.IL 654 AsiaPac Brew Dec 11 P 63.719 77.287 25.2 30.5 Alexandra Dec 9 1 2.341L 4.040L 7 8L 13L AseanSup* Jan 25 1 1335L 31.64L 1.3L
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    • 166 16 BONUS ISSUE E«Books Acc Company Ratio data dote Paymt RIGHTS ISSUE bBooks Acc 6 Company Ratio date dose Paymt A BP Mldgs twofor-one# $0.25 Dec 23 Dec 30 NA OTHERS CaBooks Acc Company Ratio data dose Paymt First Renounceabla Rights Jan 5 Jan 12 Fab 2 Capital 1st
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    • 27 16 Company Bonus Issue Pan Proposed Pacific bonus issue on the basis of one ord share of $0.25 each for every two existing ord shares held.
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    • 110 16 Company Ploco Ottt Tlmt Aylmo E Tho Rogont S port Tonglin IV, Lovtl 2 1 Cuscodtn Rd S port (*****5) Ftb 11 11.30am Thokrol E 1 Colombo Court «08-17/25 S'port (*****2) Jon 29 10 00am Cht« Cu Hock A Tht Ptrcivol Rm 2nd Ltvtl Fort Conning Country Club
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    • 672 16 Payment (cts) Ex date Books dote p«y dots AsiaPac Brew f 9 Feb 26 MarS Mar 17 Avlmo 20c F 3.5TE Mar 1 Mar 8 Mar 23 CM Tel MK75C 1 2 Jan 20 Jan 27 Feb 11 Casa HldQ 10c b 0.5 Apr 9 Apr 16 Apr
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    • 1201 17 UNIT TRUSTS FUNDS January 30,1999 j Managers' prices (S$) UNIT TRUSTS Aberdeen Asset Mgt Asia Ltd NA Reg China Fund!** 0.380 0.400 Aberdeen S pore GrFd 0927 0.974 NA Reg India Fund 0.670 0.705 NAGIoBal Fund/S. 0.665xd 0.700xd Aberdeen Select Portfolio N A Global 100 Gr Fund/** 1.080 1.135 American
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    • 658 17  -  Investor loses $109,395 in alleged fraud by four Canadians who are facing charges in the US Oil JEAN CHIA A SINGAPOREAN investor lost U 5565,000 (*****,395) in connection with a US$l.5 million alleged securities fraud bv four Canadians who have been charged by the US
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    • 466 17 SINCE The Straits Times broke the news of the securities scam, more victims have contacted the ST with tales of how they fell for, or encountered, similar schemes. The brokers and stocks may differ but the modus operandi remains the same. LOST: US$l5O,OOO 4 Businessman TJ.
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    • 124 17 THE Hilton hotel chain was awarded business headquarters (BHQ) status by the Economic Development Board and announced that it would oversee its Asia-Pacific operations from Singapore, the first hospitality company with a global presence to do so. Hilton will manage 3.3 hotels and resorts from its Singapore
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    • 3948 18 Transaction date: January 29,1999 MULTI INDUSTRY 52-Wk Curr Last High Low Company Traded Solo ♦orVol '000 Day High Low Cr-s Div Net M Cap P/C Smll m Avg Prlct 142 17.5 72.5 •0.5 284 73.5 72 27.5 5.1 119.9 72 655 25 e AlliancaTach 30 24.8 36
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    • 902 19 52-WK High Low Curr Lost Company TroOod Solo ♦Of Vol '000 Day High Low Cr'* Dlvtt Net P/E M Cap $mil Wt Avg Prlct MANUFACTURING 243 30 e AS Auto 10c 100 unch 444 104 100 15 N 9.4 114.2 100 79.5 45 e ASJ Hldgs 20c 60 ■3
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    • 1262 19 BONDS, LOANS WARRANTS Transaction Gate: January 29,1999 52-Wh High Low Company Lott Solo ♦orVol '000 Day High Low Loot Ouoto Buyor Sailor Wt Avg Prlco 20.5 3 "Acor W*****I US$.... 13 12 13 35 4.5 Acma W*****4 17.5 •1 427 19 17.5 17.5 18.5 18 AlITtch W*****7 28.5 25.5 39
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    • 112 19 (9am.Jan29) Buying OD Selling Singapore dollars to one unit of fortign currtncy Australian dollar 1.0510 1.0660 Canadian dollar 1.1030 1.1260 N2 dollar 0.8970 0.9160 1.6970 Singapore dollars to 100 units of foreign currency Austrian schilling 13.80 14.20 Chinese renminbi 18.00 19.00 Danish Kroner 25.70 26.30 Deutschemark 98.10 99.20 Finnish
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    • 357 20  -  They will discuss the Government's financial sector reforms at the meeting of HAS' International Advisory Panel Reports In, WALTER FERNANDEZ SOME of the biggest names in international finance have gathered in Singapore for the first time to advise the Monetary Authority of Singapore on
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    • 414 20 RISK MANAGEMENT ROLE TWO of Singapore's most prominent bankers, who left influential positions in the last two years, have joined a top Indonesian company as advisers. Mrs Elizabeth Sam, until last November the deputy president of the Oversea-Cninese Banking Corporation, and Mr
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    • 286 20  -  Rii JEAN CHIA SESDAQ-BOUND CSE Systems Engineering, a member of the Singapore Technologies group, may become one of the first Singapore-listed companies to offer its employees stock options exercisable at a discount to market price. CSE managing director Tan Mok Koon said: "We
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    • 334 20  -  C HEEJANN PERNG MAINBOARD-LISTED Rotary Engineering is planning to build a $26.3 million complex on Jurong Island to provide maintenance services to the cluster of petrochemical companies there. Chairman Chia Kim Piow told The Straits Times in a recent interview that the
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  • Page 21 Advertisements
    • 938 21 The Straits Times Weekly Edition APPOINTMENTS ft If f\ Singapore Technologies Engineering Engineering Our Future Singapore Technologies Engineering Ltd is an integrated engineering group which specialises in the fields of aerospace, automotive, electronics and marine. Due to rapid expansion in the Group's business, we are looking for a dynamic professional
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  • Page 22 Advertisements
    • 894 22 AMDIS founded 1956 Management Development Institute of Singapore SUMS is a "Not-For-Profit" professional institute, for lifelong learning. Established in 1956, our mission is to prepare individuals and organisations in Singapore and the region to stay competitive through excellent training and well-accredited programmes. Due to our expansion, we are inviting qualified
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  • FORUM
    • 767 23 Singapore’s system is such that, no matter how good you are at other subjects, if you fail your Chinese language, there is no place for you in the local universities, period. If you can afford overseas studies, congratulations! If not, your fate is
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    • 283 23 I REFER to the letters, “Time for laws to curb biases” by Lori Smith and “Set up body to curb biases” bv Michael I.azar, calling for legislation to minimise discrimination in the employment of workers. While staff recruitment is the prerogative of the company, I
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    • 265 23 IN A recent interview, Prime Minister Goh Chok Tong said that the one aspect of Singapore that he was not very happy about was rudeness. I cannot agree with him more, and would like to relate an incident which I think is rudeness of the first
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    • 347 23 I AM writing in response to Goh Rong Ren’s letter, “Stop admitting students based on ECA records” (ST, Jan 16). Taking a student based on his good ECA record brings fame to the institution during competitions, the student a second chanrc to
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  • 757 24  -  It offers each bereaved family US$l4O,OOO, up from its earlier U 5575,000 cap on liabilities SHARON VASOO SILKAIR has upped its compensation offer to the families of the 104 people who died in the MI 185 crash in Sumatra, Indonesia, in December 1997, following
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  • 569 24  -  DPP KOW KENG SIONG POINTED OUT THAT THE TEENAGER HAD COMMITTED OFFENCES WHILE ON HAIL AND DESPITE HAVING UNDERGONE TREATMENT DY A CHILD PSYCHIATRIST. SO, THE RISK OF HIS RE-OFFENDING WAS REAL Hu ELENACHONG A STUDENT of Anglo-Chinese School (Independent), described
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