The Straits Times : Weekly Overseas Edition, 20 March 1999

Total Pages: 24
1 24 The Straits Times : Weekly Overseas Edition
  • 22 1 The Straits Times Weekly Edition Saturday March 20. 1999 J Price: S$ 1.20 (in Singapore) Elsewhere by subscription only MITA (P) 080/08/98
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  • 570 1  -  One abattoir worker dies not of Japanese encephalitis and 5 others are admitted to hospital «1 ALLISON LIM NO LIVE pigs will be brought into Singapore from today, following the death of one abattoir worker and the hospitalisation of five others. The move to suspend pig
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  • 505 1  -  BRENDAN PEREIRA IN KUAI.A LUMPUR THE Malaysian government said last night that a new virus had been found on those believed to have contracted Japanese encephalitis (JE), confirming a rumour that had caused panic in a pig-breeding area in Negri Sembilan. Mr Abu Bakar Suleiman,
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  • Page 1 Advertisements
    • 79 1 Knockincih I' I LI.E A I. op k kato k s Legalised Football Betting Finance Minister Richard Hu said that legalised football betting would be introduced on March 31, in time for this year's S-League session. page 4 Her worli> woman oftiie year Claire Chiang Wins Award The Nominated MP
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    • 2 1 *****6,,L81Z88, 8
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  • PRIME NEWS
    • 561 2  -  Thomson and Kallang roads, AYE and PIE towards Changi will be affected as traffic congestion has moved to ring roads, says Mr Mali «1 LEONG CHAN TElk STARTING from September, electronic road pricing (ERP) will be extended progressively to several roads outside the city
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    • 212 2  -  TAN SHIN YT ROAD sweeper Thiruchelvam Subramaniam started taking language lessons in January last year, but he quit after a month. The lessons were part of the Basic Education in Skills Training (Best) programme offered by the Environment Ministry (ENV) and the National
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    • 401 2  -  t*IL KARAMJIT KALR THE Government has accepted most of the recommendations made by the Government Parliamentary Committee (Communications), which reviewed the vehicle quota system. But it will not lift the existing 3-per-cent cap on vehicle growlh. Responding to the GPC’s proposals in Parliament on Tuesday, Communications
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    • 482 2  -  Bt]_ COLIN TAN SAVERS and retirees will earn more on their CPF funds under new measures announced on Wednesday. The Government has also made Central Provident Fund interest rates more responsive to market rates under the moves, giving those with Housing Board
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    • 553 3  -  A growing number of academics in Singapore are forming companies to make and market their money-spinning inventions \hL M. MRMALA WATCH out, Sim Wong Hoo, here come the teachers-turned-technopreneurs a growing number of local academics who are turning inventions into money-spinners. They have set up companies
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    • 357 3  -  CIIONG CIIEE KIN WELL-KNOWN lawyer Sylvia Kh<x) was killed in a road accident in Australia on Saturday. She was driving a rented car when it collided with an oncoming car on a highway near Perth. Her mother and only son, who were with her, were
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    • 770 3  -  fh. M. MRMALA THE red-brick building that houses the National Library in Stamford Road will be torn down. It has to go because a tunnel will he dug in the area to relieve traffic congestion in the city, said Mr Ho Kwon Ping, chairman of
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  • PARLIAMENT
    • 526 4  -  They will also be judged on their non-academic performance and how well run they are 'h. SANDRA DAVIE THE Education Ministry is broadening the criteria used in appraising schools to move away from the over-emphasis on academic performance. Education Minister Teo Chee Hean announced in Parliament
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    • 491 4  -  M.MRMAIA THE way teachers are trained and recruited will undergo major changes, in a move by the Government to make sure they are prepared for the new learning environment of the future. These changes, which will affect 24,000 teachers, will lx* introduced gradually from
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    • 394 4  -  th- CHt A MCI HOONG A REVIEW of the learning and teaching of Malay language will be conducted and is expected to be completed in a year’s time, Education Minister Teo Chee Mean said on Thursday. Announcing this in Parliament, he said his
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    • 286 4 PARLIAMENT on Thursdaypassed a Bill paving the way for legalised football betting, which could see an estimated $250 million in bets being placed in the next few years. Of this, $9 million would help to fund the S-League and other sports activities, while
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    • 230 4 PARLIAMENT on Thursdaypassed the Government’s $72.14 billion Budget for the year. This came after nine days of scrutiny bv MPs of the various ministries’ spending plans. During the marathon sitting, MPs raised over 420 questions, ranging from the need for more financial help for the poor and
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    • 729 5 It is tempting during a downturn to call for the flow' of foreign talent to he stopped to protect the jobs of Singaporeans. But doing so would put more Singaporean jobs at risk in the longer term, said Manpower Minister Lee Boon
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    • 513 5  -  This is necessary to prevent these stations from undermining Singapore’s identity, says BG Yeo ItlL WALTER FERNANDEZ THE Government last Friday served notice to foreign television stations which broadcast here, that the same rules and standards which apply to local stations, in areas such
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    • 462 5 Congestion on CTE ‘being studied THE Land Transport Authority (LTA) is studying the trafficcongestion on the Central Expressway (CTE) and will soon propose solutions to resolve it, said Communications Minister Mah Bow Tan. For starters, it will expand the CTE/Braddell Road interchange, which is currently a bottleneck as many motorists
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  • HOME
    • 429 6  -  fill AMHAI) OSMAN PEOPLE'S Action Party MP R. Ravindran and nine other people have tiled a petition to wind up the Workers’ Party, which owes them $511,643 in defamatory damages and legal costs. They claim in their petition. which will be heard in
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    • 287 6 WITH a tearful voice, Her World Woman of the Year Claire Chiang thanked her late mother last Friday night. The Raffles Hotel ballroom fell silent as she told the 180 guests how her mother had quit school and worked at odd jobs to
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    • 494 6  -  Employers will be cautious about hiring more people even if the economy picks up later this year, the Manpower Ministry says AHM AD OSMAN LOOKING for a job this year is not about to get easier. Bosses will be cautious about hiring staff even
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    • 340 6  -  By GEOFFREY PEREIRA and TAN OOI ROON THE Corrupt Practices Investigation Bureau is believed to be investigating several policeofficers for alleged improper dealings with underworld figures, including loan sharks. The Straits Times learnt that more than 20 police officers have been called up
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    • 331 7 FOUR students from the Singapore Polytechnic were glued to the task. They took a page out of Senior Minister Lee Kuan Yew’s memoirs and succeeded in reproducing the home-made glue that he sold more than /50 years ago. The glue, made from the same ingredients
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    • 346 7 Mr Rahmat Kenap, who won PAP’s first victory in Geylang Serai in 1963, was 74 years old FORMER Member of Parliament Rahmat Kenap, who won the People’s Action Party’s first victory in the Malay stronghold of Geylang Serai, died last Thursday. He was 74. He left
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  • Page 7 Miscellaneous
    • 1061 7 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
    • 741 8  -  Fiery Jesmine strikes big blow for fairer sex while Michelle punches her way into the most macho of male sports SPOKTSPEOPLF ht/ BEN YADARAJAN and KI..MXK 1.0 IF IT was a golf tournament, there would have been cries of “buava, buaya" when Jesmine Ho walked up to
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    • 283 8  -  RUGBY *ll THOMAS KOH ONE would have thought that the Singapore Under-19 rugby team had been on the receiving end of a hiding from their Malaysian counterparts, judging from the post-match proceedings. The players' heads were bowed as coach Bruce Frame gave them
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  • Page 8 Advertisements
    • 115 8 Catch up with all these? e 5? s IOS eekh Editio !Lm*.<-: xv» «J» MIT A (P> 047 M *l7 9 lust this! The Straits Times WEEKLY EDITION provides you a crisp summary of every week's major news break reported in The Straits Times about Singapore and Asean. Covering news
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  • MALAYSIA
    • 628 9  -  It wins 31 of the 48 state assembly seats contested, but victory is marred by the near total rejection of its Kadazan leaders K'l BRENDAN PEREIRA l\ KOTA kl\\HAl l THE National Front will rule Sabah for another five years, after posting its
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    • 604 9  -  Htj BRENDAN PEREIRA IN Kl'Al. V 1.1 MIT K FORMER Deputy Prime Minister Anwar Ibrahim, who has filed an application to seek a retrial, accused Justice Augustine Paul of not giving him a fair hearing and of being prejudiced. In a 16-page
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    • 396 9 Bernama, Reuters KUALA Ll T MPUR Prime Minister Datuk Seri Dr Mahathir Mohamad said on Sunday that he was confident of winning the next general election, with the National Front getting the support of the majority of the people in the country. He
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  • SOUTH-EAST ASIA
    • 498 10  -  The leader of PDI-Struggle says a renewed spirit and the years of battling conflict will give it the edge in the June election PAULJACOB OPPOSITION leader Megawati Sukarnoputri believes that having been through difficult years of conflict and consolidation. her newly-registered Indonesian Democratic
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    • 498 10 Reuters, AFP AMBON Indonesian forces on the ravaged island of Ambon have been ordered to shoot residents who refuse to surrender weapons as the military authorities intensified a drive to disarm civilians in an effort to end months of riots. ‘The security apparatus
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    • 438 10  -  EDWARD TANC; lit AII.AM) CORRESPONDENT BANGKOK The Thai army will be restructured into a leaner and meaner lighting force as part of major reforms that are being carried out aggressively under the command of new army chief General Surayudh Chulanont.
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  • Page 10 Advertisements
    • 207 10 W, 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
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  • COMMENTARY
    • 606 11 TUESDAY March 16,1999 THE convincing victor)' of the National Front (NF) in Sabah, which disproves the predictions that many observers made, shows the coalition’s strength at a time when the Malaysian scene is complicated by economic and political issues. There appears little disagreement though that Prime Minister
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    • 752 11  -  SECOND LAST WORD IhL 808 NG IT IS an intriguing paradox, the way women are portrayed on American television and the way they are in real life. It is probably true to say that in no modern society is woman power as pervasive,
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    • 574 11 WEDNESDAY March 17,1999 ONE of the first complaints under Britain’s Race Relations Act, which forbade discrimination in job advertisements like the guidelines issued here, w'as against a Scots doctor who was looking for a housekeeper of his own race and able to cook oatmeal and haggis.
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    • 904 12  - When times are tight give-and-take is a necessity MY VIEW ASAD LATIF TWO recent incidents captured two aspects of recessionary Singapore. A bus was travelling quite some distance behind a taxi on a road that passes through a housing estate. A couple tried to wave down the cab. It slowed,
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    • 890 12  -  BY THE WAY Ht, TAN SAISIONG THE debate in Parliament over the Government's 1999 spending plans threw up three issues last week that should continue to be mulled over long after the size of the current budget deficit, unprecedented though it is, is forgotten.
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  • Page 13 Advertisements
    • 314 13 'iiW r t p"«-' $1 i i|i?' JPI '-j •?r «KCi &gt; Study Stretch your limits. Get a well-rounded education. Work Scale new heights. Work in one of Asia’s most cosmopolitan cities. Play Gear up for action. Seek out the thrill and the adventure. LiYC Live it up. Experience the
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  • INSIGHT
    • 1792 14 They maintain a critical watch on Singapore’s political scene from a distance. Some keep in touch with the opposition here. ZURAIDAH IBRAHIM takes a look at the scattering of offshore critics and asks how they contribute to political debate here. THE MORNING
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    • 890 15  -  THINKING ALOUD K’l dll'A LEE lIOOM. THE KBK is the newest expressway in town. But it won't take you to Kaki Bukit. Instead, it will take you into the future, a world where knowledge, and the capacity to use it, sifts out the winners from
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    • 964 15  -  THIS WEEK IN POLITICS ii'i dll A LEE IIOOM; THESIS: the longer their tenure, the lesser the ardour. In the first week of the two-week long Budget debate in Parliament, 92 parliamentarians have sat through some .‘lO hours of debate on a host of
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  • MONEY
    • 305 16 THE Singapore stock market traded within a tight range last week, as investors fretted over the direction of the Dow Jones Industrial Average which tested the 10,000 level. For the week, the benchmark Straits Times Index (STI) fell 12.75 points, 0r0.9 percent, to 1,472.99.
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    • 1741 16 Company Data ann Net earn TV LV &lt;$m) ($m&gt; EPS TV LY (Cts) lets) Asiamatrix Eeb 1 P 1984c 2.185L 6.8L 8.1 L Armstrong Mar 9 P 2 932L 1.735 1.7L 0 98 Aztech Mar 12 P 16.19IL 2.348 4.1L 5.9 Auric Mar 12 P 5.821 3 849
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    • 151 16 BONUS ISSUC CxBooks Acc A Company Ratio date cioie Paymt Serial Sys one-for-three Apr 30 May 7 NA RIGHTS ISSUC CxBooks Acc A Company Ratio date close Paymt ABR Hldgs two-for-oneii* $0.25 Oec 23 Dec 30 NA OTHCRS CxBooks ACC A Company Ratio date close Paymt riOKtOCh $22,000,000
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    • 72 16 Straits Times Index The Straits Timas Index fail 12.75 points to 1.472.99 DAY CLOSE TURNOVER Monday 1494.19 8.45) 162.17m &lt;$278.63m) Tuesday 1489.54 4.65) 121.66m ($226.93m) Wednesday 1470.16 (-19.38) 156.51m ($234.36m) Thursday 1466.07 4.09) 127.45m ($222.13m) Friday 1472.99 6.92) 136.35m ($356.3m BT-SRI Index The BT-SRI Index fell 3.49
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    • 736 16 Paymant (cts) C« data Books closa Pay data Australand ASO 50 r 5 Mar 1 Mar 8 Mar 26 Avimo 20c F 3.5TE Mar 1 Mar 8 Mar 23 ABN AmroNG1.25 F NLG0.67 Mar 10 May 28 Amtak 20c 1 0.8TE Mar 10 Mar 17 Mar 26 Auric
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    • 28 16 Company Description OPE ExtraOrdinary Oanaral Meatmg on Apr 7 1999 at 2.25pm Placa: Millanla 3 layal Two Tha Rltz Carlton Mlllania S pore 7 Raffias Ava
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    • 111 16 Company Plata Data Tima Asia Matrix A i 350 Orchard Rd •08-00 Shaw Housa S'pora (*****8) Apr 12 10.00am Nippa Craft i 9 fan Yoong Rd S'pora (*****7) Apr 7 10.00am Armstrong c Tha Confarance Rm 531 Buklt Batok Straat 23 S'pora (*****7) Aprl 10.00am SNP E 1
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    • 1361 17 UNIT TRUSTS FUNDS Managers' prices (S$) UNIT TRUSTS Nicholas -Applegate 0.550xd Aberdeen S pore Or Fd 1.077 1132 NA Asia-Pac Gr Fd 0.520xd NA S pore Gr Fd!** 0.695x0 0.730xd Aberdeen Select Portfolio NA Reg China Fd!** 0.410 0.435 American Opport Fd 1.073 1.127 NA Req India Fd 0.870 0.915
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    • 455 17  -  The global chemicals giant is looking into having its U S laboratories do research with NUS in some key product areas «1 RAVI VELLOOR SINGAPORE’S strengths in chemicals are beginning to match electronics in recognition. Global chemicals giant DuPont is looking at having its
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    • 505 17 SINGAPORE’S position as a leading maritime nation has moved up a notch to 12th place its fifth jump since 1991. It surpassed places such as Russia, India and Denmark in deadweight tonnage, according to a recently-released report by the United Nations Conference on Trade and
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    • 250 17 SINGAPORE’S official foreign reserves fell slightly by 0.4 per cent last month to $124.8 billion due to the weakened Singapore dollar. The figure is a drop from $125.3 billion as at end-Janu-arv, preliminary figures from the Monetary Authority of Singapore show. In US dollar terms,
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    • 4301 18 Transaction date: March 19,1999 MULTI INDUSTRY 52-Wk Curr Last High Low Company Traded Sal* ♦or* Vol 000 Day High Low Gr’s Div Net M Cep P/E Smil Wt Avg Price 142 17.5 mt Aetna 50c 70 ♦0.5 344 72 70 27.5 49 115.8 70 49 25 29
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    • 963 19 52-WK High Low Curr Last Company Traded Sale ♦orVol 000 Day High Low Cr'* Div Net P/E M Cap $mll Wt Avg Price MANUFACTURING 219 30 e AS Auto 10c 89 ♦1 1323 89.5 88 15 N 8.4 101.6 89 79.5 45 p ASJ Hidqs 20c 60 unch 1
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    • 1326 19 BONDS, LOANS WARRANTS Transaction date: March 19,1999| 52-Wk High Low Company Last Sal* ♦orVol 000 Day High Low Last Ouote Buyar Sailor Wt Avg Prlca 18 3 *Acar W*****1 US$ 13.5 ♦1 87 13.5 13 12.5 13.5 35 4.5 Acma W*****4 .16.5 unch 185 16.5 16.5 16.5 17 17 AllTech
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    • 145 19 (9am,March 19) Buying OD Selling Singapore dollars to one unit of foreign currency Australian dollar 1.0740 1.0900 Canadian dollar 1.1240 1.1480 NZ dollar 0.9080 0.9270 2.7940 2.8230 US dollar 1.7190 1.7300 Smqapore dollars to 100 units of foreign currency Austrian schilling 13.60 14.00 Belgian franc 4.750 Chinese renminbi 1885
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    • 543 20  -  Net loss swells to slBsm; group swings from net current assets of s66m to liabilities of 109 m fin AMI BALAN PRO PERTY-TO-LEISURE group Sembawang Resources, as expected, fell deeply into the red last year due to heavy write downs on its business assets but
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    • 362 20  -  Oil TAMMY TAN THE mobile phone price war, which broke out in January with both operators offering discounts of up to $l9O million. will escalate next month when Ml introduces its loyalty programme. Unlike the Sing Tel Mobile scheme, which benefits all loyal subscribers equally,
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    • 481 20  -  «ft AMY B ALAN AFTER an uneasy 10-day truce, the battle for home loan customers appears to have broken out again. Keppel Tat Lee Bank on Monday knocked a quarter point off its first-year fixed rate to 4.25 per cent, making it
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    • 409 20  -  fbL JEAN CHIA THE Hong group’s rumoured courtship of listed Jack Chia-MPH took a new turn on Monday with its finance arm, Hong Leong Finance (HLF), suing the founding Chiarapurk family and its holding company to recover share loans. HLF sued Jack Chia Holdings
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  • Page 21 Advertisements
    • 846 21 The Straits Times Weekly Edition APPOINTMENTS I SINGA P O K I rt RI- CI. I H Singapore Turf Club invites suitably qualified applications for the position of: Horticultural Officer 1 Administer, plan and review the Club's planting and horticultural works and its maintenance. 1 Maintain all (lowering plants, shrubs
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  • Page 22 Advertisements
    • 1118 22 PIDEmCOLAfID Bhil Jin ti for People to Bmhi People OUR MISSION To excel as cl world-class properly developer investor and manager. lU&gt; build for people by creating a better living and working environment in Singapore and beyond. OUR VALUES Secretariat Executive/Officer You will provide corporate secretarial services for companies in
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  • FORUM
    • 483 23 IT IS with great sadness that I learnt that another Singapore icon will soon he no more. It seems that one by one, the landmarks that anchor my sense of the past and national identity are being torn down to make
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    • 232 23 I REFER to the letter by Ms Jessica Ix*e Wailing “Constant interaction needed” (ST, March 11). I. too, would like to see more interaction. I am a non-Chinese student, and in mv class there are eight others like me and 27 Chinese students. Sometimes, I
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    • 341 23 I REFER to the article “Old issues need new tack” by Ms Tan Sai Siong (sec page 12). She has made the point that by giving rebates based on HDB flat size, the Government risks underhelping some, while giving help to others who
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    • 453 23 IDO not see anything wrong with Member of Parliament Tan Cheng Bock’s call to the Government to “think Singaporeans first” in these trying times, which have seen many wage earners lose their jobs. In fact, Dr Tan had not asked the Government to stop recruiting
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  • 574 24  -  Stressing that Indonesia’s stability is important, he says Singapore is ready to work with whoever is the President Hi) Zl RAIDAII IBRAHIM THE working relationship between Singapore Government agencies and their Indonesian counterparts had not been affected by the changes taking place in
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  • 313 24 PROBOSCIS monkeys Joko and Manis have a new baby, and they are not the only ones excited about the new addition to the zoo. The baby proboscis monkey is the first to be born there. Mr Subash Chandran, a senior curator with the Singapore Zoological Gardens, spoke
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  • 436 24  -  Hi/ KALPANA RASIIIWALA PROVISIONS of $425 million have caused DBS Land, considered one of Singapore’s best-run property groups, to post a massive $239 million full-year net loss its first since listing 12 years ago. The hefty provisions were the biggest yet by a listed
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