The Straits Times : Weekly Overseas Edition, 3 April 1999
1999-04-03
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The Straits Times : Weekly Overseas Edition
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Title Section26 1999-04-03 1 The Straits Times Weekly Edition Saturday April 3. 1999 Price: S$ 1.20 (in Singapore) Elsewhere by subscription only MftTA (Pi 08)9/08/98 L 7 ■> ivL rs V26 words
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894 1999-04-03 1 ALLISON LIM - He says that a more open approach to governance and administration is needed to meet the challenges ahead »1 ALLISON LIM SINGAPORE’S challenges can only be met by a more open approach to governance and administration, said Deputy Prime Minister Lee894 words
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Article, Illustration81 1999-04-03 1 UNEXPECTED GIFT Singapore received an “unexpected and immensely welcome” gift of a Henry Moore sculpture on Wednesday night, thanks to what Senior Minister Lee Kuan Yew called the “corporate philanthropy” of Sara Lee Corporation. Mr Lee (right), who unveiled the 57-cm-high bronze of a figurative head with SaraSTEPHANIE VEO - 81 words
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Page 1 Advertisements
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Advertisement59 1999-04-03 1 They Buy Up To Live Together A 27-member extended family wanted to live together. So its members went and bought seven apartments in an executive condominium. pages S PC) RTS Ice Hockey In Singapore? They have no coach, no funding and no overseeing their welfare. But a self-taup manages to59 words
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PRIME NEWS
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667 1999-04-03 2 CHI A LEE HOONG - Unlike in the past, they will he English-educated and live in HDB flats surrounded by other races, says SM Lee CHI A LEE HOONG IN AUCKLAND SENIOR Minister Lee Kuan Y’ew last Saturday assuaged the worries of those concerned that a new Chinese elite667 words
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Article, Illustration81 1999-04-03 2 THIS IS MV MUMMY: About 50 children put on Egyptian costumes and assumed the role of archaeologists in a trip through history at the Asian Civilisations Museum on Sunday. They paid $l5 each to be part of an interactive workshop where they took on the charactersl.l'IS ENRIQUE ASCI I - 81 words
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Article156 1999-04-03 2 THE Republic of Singapore Navy will have a new' chief on July 1. Rear-Admiral (1 Star) Lui Tuck Yew, who is now the No 2 man, will take over as Chief of Navy from Rear-Admiral (2 Star) Richard Lim Chemg Yih, said156 words
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Article, Illustration470 1999-04-03 2 ELENA CHONG - ELENA CHONG IN THE first case of its kind, a youth was jailed for eight weeks on Thursday for setting up a webpage on a secret society. Full-time national serviceman Chang Wei Tat, also known as Lester, 19, was found guilty470 words
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539 1999-04-03 3 WALTER FERNANDEZ - BG Lee says that foreign banks will not be given free entry; they will have to meet many criteria and considerations *!L WALTER FERNANDEZ THE eagerly anticipated blueprint on how the Government intends to inject more foreign competition into the domestic banking sector will539 words
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Article, Illustration703 1999-04-03 3 EVELYN Y AP; Son Chung Kiat - »1 EVELYN Y AP Son Chung Kiat THE Primary Production Department confirmed on Tuesday that the encephalitis that infected abattoir workers here is a new strain of the Hendra virus. But it stressed that the strain, yet to bo named, affected only people who camein VISE TAN - 703 words
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Article253 1999-04-03 3 SINGAPOREANS have taken warmly to legalised soccer betting, judging from the turnover reported by Singapore Pools. About $1.3 million was wagered on the two S-League matches played on Wednesday. According to a Singapore Pools spokesman, bets amounting to $500,000 were placed on Tuesday when Score as253 words
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HOME
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Article, Illustration503 1999-04-03 4 A DAUGHTER of retailer C. K. Tang failed to get more than $680,000 from her ex-hus-band’s widow because her action came too late. Madam Katherine Tang Woon Kiang sought the money as her share from the sale of an apartment in Ghatsworth Road, off503 words
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Article, Illustration723 1999-04-03 4 JASON LEOW - He retires from Administrative Service to become the statutory board’s executive chairman *!L JASON LEOW ECONOMIC Development Board chairman Philip Yeo, 52, retired from the Administrative Service on Wednesday after 29 years of service. He joined the EDB full-time on Thursday as its executive chairman.723 words
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Article239 1999-04-03 4 CHtA ML IIIPONG - Hi/ i CHtA ML IIIPONG OPPOSITION politician Chee Soon Juan paid a $6OO fine on Wednesday for hawking his book illegally at Raffles Place without a permit. The secretary-general of the Singapore Democratic Party was found guilty of selling his book, To Be Free,239 words
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Article, Illustration499 1999-04-03 5 LESLIE KOI - By LESLIE KOI! AN EXTRA electronic road pricing (ERP) gantry may be put up around September along the Central Expressway (CTE) before the Braddell Road exit, to ease the congestion that often builds up before this exit. However, this need not mean thatRAYMOND I I 1 - 499 words
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Article, Illustration522 1999-04-03 5 DISTINGUISHED FELLOW AWARD FORMER Cabinet Minister S. Dhanabalan, who has played a key role in Singapore’s industrialisation efforts, was named a Distinguished Fellow of the Economic Development Board Society last Friday night. Mr Dhanabalan, 61, who is now chairman of the Development Bank of Singapore and Temasek Holdings,r*\scan w\ - 522 words
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404 1999-04-03 5 IRENE NG - A joint executive programme will see cooperation in science, culture and technology By IRENE NG IN HOME ITALY and Singapore signed an executive programme last Friday to implement an agreement to intensify cooperation in the cultural, scientific and technological fields. The executive404 words
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Article144 1999-04-03 5 SANDRA DAME - By SANDRA DAME FOR the first time, the National University of Singapore is launching an undergraduate degree programme that marries two disciplines. A combined arts and information technology course will be offered to between 100 and 140 students when the new’ academic year starts in July.144 words
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Article, Illustration710 1999-04-03 6 KOH BOON PIN - Scattered now in HDB flats, the 27-member Tay family is moving into the condominium when it is completed at the end of next year «!L KOH BOON PIN TALK about a quick sale. The extended Tay family of 27 members walkedWONG KWMCHOW - 710 words
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411 1999-04-03 6 SOH CHUNG KJAT - Oil SOH CHUNG KJAT A ROLL of computer paper helped to free three employees locked up in their office after a hold-up last Friday afternoon. The robbers, one of them armed with a pistol, had disconnected the telephone wires and locked the411 words
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365 1999-04-03 6 IT WAS a boat trip they would probably never forget. Eleven people left the Raffles Marina, in Tuas, for Tioman last Friday night on a boat called The Lucky Lady. The group of eight men and three women, whose ages365 words
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469 1999-04-03 7 ALLISON IJM - Four babies were infected and the number of women contracting the disease is rising Oil ALLISON IJM FOUR infants were infected with the deadly HIV-virus by their mothers last year, the second year in a row where babies have been added to Singapore’s469 words
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Article, Illustration218 1999-04-03 7 SOU CHUNG kIAT - f*!L SOU CHUNG kIAT IF YOU think you have had a drop too much, wake yourself up before reading this. Russell, a 20-year-old pony from the Riding For The Disabled Association of Singapore (RDA), is on a regular drinking programme. It drinksAI.HKRT SIM - 218 words
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Page 7 Miscellaneous
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Miscellaneous1061 1999-04-03 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 Word1,061 words
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SPORTS
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340 1999-04-03 8 CHANTSECHIEEN - Athletes who do not produce results in Brunei should quit gracefully, says SAAA president ATHLETICS «IL CHANTSECHIEEN DELIVER at this South-east Asia Games or quit. That was the ultimatum Singapore Amateur Athletic Association president Ix>h Lin Kok threw' at his athletes last Friday. Addressing340 words
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Article, Illustration271 1999-04-03 8 IT WAS an action-packed opening day of the S-league's fourth season, wdth both Home United Football Club and Singapore Armed Forces FC notching convincing w ins on Wednesday. More than 1.000 fans were locked out of Bishan Stadium after over 4,000 had filled the venue toJOM KAYM<>\|) - 271 words
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Article, Illustration486 1999-04-03 8 ciiANTSECHtEEN - l±L ciiANTSECHtEEN SIMPLY’ u'ho plays ice hockey in Singapore? Fanatics, that’s who. They have no coach, a parent who doubles as a manager. no funding and no national sports association overseeing their welfare. They learn ice hockey from video manuals and !x>oks borrowed from theClll W SENG KIM - 486 words
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Page 8 Advertisements
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Advertisement209 1999-04-03 8 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 one209 words
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MALAYSIA
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Article648 1999-04-03 9 DOUGLAS WONG - The central bank introduces new measures to ensure that banking failures are not repeated DOUGLAS WONG IN KUALA LUMPUR MAI AYS I AS central bank will introduce broad new measures including the unprecedented right to sack bank directors and chief executives to ensure that last648 words
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Article, Illustration257 1999-04-03 9 The Star/Asia News Network PENANG Five months ago, pig breeder Ooi Cheng Chuan could not have been happier his wife gave birth to quadruplets, his business was thriving, his family growing and the future seemed promising. Now, it is a different story.The Star/Asia News Network; rill STAK/ASIA NEWS NETWORK - 257 words
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422 1999-04-03 9 BRENDAN PEREIRA - ANWAR CASE BRENDAN PEREIRA IN KUALA LUMPUR AFTER five months of legal battle, acrimonious exchanges, numerous sideshows and one abrupt ending to proceedings, the trial of sacked Deputy Prime Minister Anwar Ibrahim ended with both the prosecution and defence resting their cases on422 words
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294 1999-04-03 9 The Star/Asia News Network KUALA LUMPUR More than 40,000 civil servants identified annually as low achievers and non-performers will not have it easy anymore. In a bid to remove the deadwood, the government has told department heads to take action to remove officers classified asThe Star/Asia News Network - 294 words
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SOUTH-EAST ASIA
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321 1999-04-03 10 EDWARD TANG - Talks yield new areas of cooperation, including a joint panel on the electronics sector EDWARD TANG THAILAND CORRESPONDENT BANGKOK Deputy Prime Minister Lee Hsien Ix>ong and his Thai counterpart Korn Dabbaransi on Wednesday launched into discussions on new areas of cooperation including321 words
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186 1999-04-03 10 Reuters JAKARTA Indonesia's police force split from the military after three decades on Thursday, a move sceptics criticise as window-dressing but supporters say will help restore peace to the violence-ravaged country. Armed forces (Abri) commander and Defence Minister General Wiranto, who will still beReuters - 186 words
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Article, Illustration218 1999-04-03 10 The Nation/ Asia News Network BANGKOK Who is the country's prettiest woman Miss Thailand or the transsexual Miss Tiffany Universe? At workplaces, canteens, eating joints and pubs, Thais indulged themselves in the tempting question after two parallel beauty contests over the weekend produced equally stunning winners. “ApisamaiThe Nation/ Asia News Network; REUTERS - 218 words
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429 1999-04-03 10 DERWIN PEREIRA - DERWIN PEREIRA IN JAKARTA INDONESIA’S President B. J. Habibie apologised to the troubled province of Aceh last Friday for years of human rights abuses as more than 1,000 demonstrators took to the streets to demand a referendum for self-rule. Speaking to religious and community429 words
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410 1999-04-03 10 LUZ BAGUIORO - LUZ BAGUIORO IN MANILA STUNG by China’s refusal to demolish structures it built in the contested Spratly Islands, Philippine President Joseph Estrada has decided to postpone a planned trip to Beijing, said a senior aide. Although no date had been set for410 words
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COMMENTARY
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Article613 1999-04-03 11 SATURDAY April 3,1999 SIX years after its aborted bid to buy into Qantas, Singapore Airlines has finally locked on to the lucrative Australian market and points beyond with last week’s deal to buy out the half share of Ansett Australia owned bv Mr Rupert Murdoch's media613 words
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Article, Illustration777 1999-04-03 11 SIA CHEONG YEW - SECOND LAST WORD By_ SIA CHEONG YEW THERE’S no wav to avoid it. Information technology (IT) is here to stay. Like it or loathe it, one has no choice but to embrace it, if only to get on with life in Singapore. Senior Minister Lee777 words
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Article588 1999-04-03 11 FRIDAY April 2,1999 IS THE European Union (EU), deeply preoccupied with its own affairs, showing signs of waning interest in Asia, particularly the Asean countries? The absence of several European nations at the Asia-Europe Meeting (Asem) of foreign ministers in Berlin last Monday could be indicative588 words
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1066 1999-04-03 12 LEONG CHAN TEIR - ERP expansion a delicate balancing act lost on many? MY VIEW By LEONG CHAN TEIR WHAT traffic woes would motorists be encountering now if there had been no Certificate of Entitlement (COE) system since 1990 to stop a runaway vehicle population? No opinion on this was ventured by the Government1,066 words
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Article, Illustration1013 1999-04-03 12 TAN SAI SIONG - BY THE WAY By TAN SAI SIONG SINGAPORE may fast forward into the 21st century amid relentless change, but one aspect will not change. The old, like the poor, will always be with us. For those who expect to be around in 20.30\i it i. - 1,013 words
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Page 13 Advertisements
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Advertisement326 1999-04-03 13 S' JiX,,. 1 9 "t > 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. Live Live it up. Experience the best of East and West. Singapore326 words
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INSIGHT
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Article, Illustration1935 1999-04-03 14 When a top Hongkong official took issue with the Singapore Government s control of Parliament, MP Davinder Singh argued that speedy legislation gave the Republic a competitive edge. So, is the pace of legislation going too fast? Does a PAP-dominated House mean that lawsI VI / \ I - 1,935 words
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Article1392 1999-04-03 15 Hi, WARREN FERNANDEZ - THINKING ALOUD By Hi, WARREN FERNANDEZ IT WAS all over in just a few minutes. I had handed over my slip, smiled at the pleasant face behind the counter, signed on the dotted line, and voila, I was free to go. So. this1,392 words
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894 1999-04-03 15 ASAD LATIF - THIS WEEK IN POLITICS ASAD LATIF HEADHUNTERS are back in business. I do not mean recruitment firms but people who chop off heads and exhibit them like trophies. That is what has just happened in West Kalimantan, riven by violence between Malay and Dayak locals,894 words
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MONEY
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365 1999-04-03 16 THIS week was a short trading week hut definitely not short on action. Despite Monday and Friday being public holidays, the Singapore bourse saw a flurry of activity as institutions played up bank and propertystocks, while stockists and individual punters had a field365 words
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Article74 1999-04-03 16 Straits Times Index The Straits Times Index gained 47.65 points on the week to 1,545.19. DAY CLOSE TURNOVER Monday PUBLIC HOLIDAY HARI RAYA HAJI Tuesday 1.518.08M.4) 296.93m ($504.26m) Wednesday 1,518.31(»0.23) 256.81m ($482.30m) Thursday 1.545.19M.8) 434.63m ($618.74m) Friday PUBLIC HOLIDAY GOOD FRIDAY BT-SRI Index The BT-SRI Index gained74 words
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Article1819 1999-04-03 16 Company Date ann Net earn TY LY (Sm) ($m> EPS TY LY <C«s> (Ctt) ABR Mar 24 P 2.862L 5.346L 60L 12L Alliance Mar 30 P 17.25L 30.998L 21L 38L Asiametn» Feb 1 P 1.984L 2.I85L 68L 8 1L Armstronq Mar 9 P 2.932L 1735 1.71 098 Aitech1,819 words
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Article1028 1999-04-03 16 Payment (cts) Ex date Books close Pay date Armstrong 10c b 0.15 Apr 20 Apr 27 May 7 ABN AmroNG1.25 F NLG0.67 Mar 10 May 28 Auric Pac SOc b 3.5 Apr 28 May 5 May 24 BBR 5c b 1 May 20 May 27 Jun 15 BAT1,028 words
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Article152 1999-04-03 16 BONUS ISSUE ExBooks Acc fc Company Ratio date close Paymt Serial Sys one-for-three Apr 30 May 7 NA RIGHTS ISSUE ExBooks Acc 6 Company Ratio date close Paymt ABR Hldgs two-for-one(* $0.25 Dec 23 Dec 30 NA OTHERS ExBooks Acc t Company Ratio date close Paymt Flextech $22,000,000152 words
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Article40 1999-04-03 16 Company Description Boustead Proposed renounceable Rights Issue ot up to 10.214,479 new Ord shares of $1.00 each with up to 10.214,479 detachable warrants at the price of $1.03 for each Rights Shares with the detachable Warrant issued free.40 words
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Article144 1999-04-03 16 Company Place Date Time Serial E Syt 11 Jalan Mesm #06-00 StanOara ina Blag, S pore (*****3) Apr 23 t0.30am Sunright E Westin Stamford Orcnard Rm, Level 4 2 Stamtora Ra S'pore (*****2) Apr 23 1.30pm Armstrong A S31 Bukit Batok Conference Rm S'pore (*****7) Apr 16 2.00144 words
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Article1296 1999-04-03 17 UNIT TRUSTS FUNDS April 2,***** Managers' prices (S$) UNIT TRUSTS Aberdeen Asset Mgt Asia Ltd Aberdeen S'pore Gr Fd 1.137 1195 Nicholas-Applegate NA Asia-Pac Gr Fd 0.530 NA S pore Gr Fd!** 0.735 0.560 0.775 Aberdeen Select Portfolio NA Peg China Fd!** 0.415 0.440 American Opport Fd 1.084 1.139 NA1,296 words
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Article535 1999-04-03 17 DENNIS CHAN - Shipping group suffers the biggest loss $438.2 million among listed companies for second year running «2. DENNIS CHAN IT WAS another year of gargantuan losses at Neptune Orient Lines (NOL) which on Wednesday reported a deeper net loss of $4.38.2 million its largest ever. And for535 words
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296 1999-04-03 17 WILLIAM CHOONG - WILLIAM CHOONG JAPAN’S biggest electronics firm, Hitachi, said on Wednesday that it would take majority control of its $1.3 billion wafer fabrication joint venture in Singapore. The move, however, would not result in any reduction in staff levels or production output, said company officials.296 words
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Article, Illustration258 1999-04-03 17 William Choong - William Choong SINGAPORE would not he affected by any obstacles met in the tender of a 650-kilometre underwater natural gas pipeline from Indonesia's West Natuna to Jurong Island, said a senior government official on Wednesday. “We are not involved in the pipeline... Singapore only buys1 AC FOOk KONG - 258 words
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Article4309 1999-04-03 18 Transaction date: April 1,1999 MULTI INDUSTRY S2'Wk Curr Last High Low Company Traded Sal* ♦orVol 000 Day High Low Gr's Div Net M Cap P/E Smll Wt Avg Price 128 17.5 m D A cm* 50c 74 5 cd 2 268 74.5 72.5 27.5 5.2 123.2 734,309 words
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Article961 1999-04-03 19 52-Wh High Low Curr Last Company Traded Sale ♦orVol '000 Day High Low Cr's Div Net P/E M Cap $mil Wt Avg Price MANUFACTURING 202 30 C AS AutotOc... 89 ♦2.5 1532 89 86.5 15 N 8.4 101.6 88 79.5 45 c ASJ Hldgs 20c 57.5 ♦2.5 7 58961 words
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Article1441 1999-04-03 19 BONDS, LOANS WARRANTS Transaction date: April 1,1999 52-Wk High Low Company Last Sal* ♦orvol '000 Day High Low Lost Ouoto Buyor Sollor Wt Avg Prlco 18 3 A Acor W*****1USS .....13 unch 25 13 13 13 13.5 27 4.5 S Acma W*****4 19 ♦0.5 730 20 18.5 19 19.5 181,441 words
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Article138 1999-04-03 19 (9am,April 1) Buying OD Selling Singapore dollars to on* unit of fortign curranc» Australian dollar 1.0850 1.1010 Canadian dollar 1.1340 1.1580 NZ dollar 0.9140 0.9340 US dollar 1.7210 1.7320 Singapore dollars to 100 units of foreign currency Austrian schilling 13.30 13.70 Belgian franc 4.550 4.660 Chines# renminbi 18.80 19.30138 words
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643 1999-04-03 20 AMY B A lAN - $654M SET ASIDE FOR TROUBLED LOANS Bjl AMY B A lAN TAKING advantage of the regional economic crisis, the UOB group made much higher-than-expected provisions, resulting in a 26.7 per cent drop in net profit to $368 million for last year. Profit was643 words
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Article, Illustration81 1999-04-03 20 Ardmore View Condo Marco Polo Developments bought 29 units for $ll5 million or $1,255 psf. Holland Hill Mansions Property and fund management company G HA took 22 units for $22.75 million or $530 psf. Thomson 800 condo City Developments acquired the remaining 169 units for81 words
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435 1999-04-03 20 KALPANA RASHIHALA - 86% of first-quarter sales come from residential sector and show market sentiment is improving By By KALPANA RASHIHALA INVESTM ENT sales of properties in the first three months of this year have hit about $590 million, with the bulk of them transacted in the residential sector,435 words
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387 1999-04-03 20 Reuters BEIJING A company in which the Government of Singapore Investment Corp (GIC) has a 30 per cent stake has been given the green light by Beijing to build, own and operate a US$454 million (Ss7Bs million) coal-fired power plant in central China. SitheReuters - 387 words
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Page 19 Advertisements
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Advertisement13 1999-04-03 19 Buy It. Sell It. Find It. Classified. Call Today For Results Tomorrow. ISOO13 words
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Page 21 Advertisements
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Advertisement829 1999-04-03 21 The Straits Times Weekly Edition APPOINTMENTS Raffles 5 INTERNATIONAL Hotels Resorts "We believe that a successful hotel is something beyond its location, its decor or its amenities. A successful hotel Is a place where you are treated so well that you want to come back." Raffles International Credo Raffles International,829 words
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Page 22 Advertisements
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Advertisement1062 1999-04-03 22 W) E INVEST IN THE BEST. i areer decisions should be made prudently because they W determine your long-term future. When you join the Government of Singapore Investment Corporation he Ltd (CIO, you are making a prudent decision which gives you good long-term returns. We are the largest global fund1,062 words
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FORUM
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Article, Illustration662 1999-04-03 23 I REFER to the comments made by MP Davinder Singh in Parliament and Li Shao Wei’s letter, “Keep gates open for our Jerry Yangs” (ST Weekly, March 27). and fully applaud their stands. I agree that having all scholars who are awarded government scholarshipsCHI Ml MN \ \ \ - 662 words
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549 1999-04-03 23 AS A former pupil of Chinese High School, I would like to correct the impression Mr Cherian George may have given in his article “SAP schools could pick up tips from a Convent" (ST, March 24), describing SAP schools as being “exclusive”. Contrary to this,549 words
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Article255 1999-04-03 23 I REFER to recent articles regarding Singapore’s visitor attractions. I am involved professionally in this industry and would like to offer my opinion. For starters, I found the article “Some Sentosa attractions boring” (ST, March 22) to be a little unfair. Not every person will enjoy255 words
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274 1999-04-03 24 The waiting time lias been cut from 10 to six years as part of a move to draw foreign talent here THE Singapore Immigration and Registration (SIR) has shortened both the waiting period to qualify for Singapore citizenship and the processing time for citizenship274 words
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Article, Illustration384 1999-04-03 24 LESLIE KOII - »1 LESLIE KOII WHEN corporate relations officer Liang Hwee Ming, 30, flagged down a taxi last week and asked the driver to head for Dover Road, she was surprised to see him pull out an electronic organiser from his pocketTAN SCAN ANN - 384 words
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Article, Illustration524 1999-04-03 24 JOSE RAYMOND - lju JOSE RAYMOND HE WAS jobless, nearly blind and had a minus $4OO balance in his Bank of America account. But 24-year-old Lim Jit Kiat swindled several banks, wrote more than $2 million worth of dud cheques and got through $120,000 in the 24 hours before he524 words