The Straits Times : Weekly Overseas Edition, 17 April 1999

Total Pages: 24
1 24 The Straits Times : Weekly Overseas Edition
  • 21 1 The Straits Times Weekly Edition Saturday April 17.1999 Price: S$ 1 .20 (in Singapore) Elsewhere by subscription only MITA (P) 080/08/98
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  • 554 1  -  Mr Goh Chok Tong suggests combined roadshows to the US, Europe and Japan to aid recovery By ZU RAID AH IBRAHIM IN BANDAR SERI BEGAWAN ASEAN should organise joint roadshows to the United States, Europe and Japan to draw investments back to the region
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  • Article, Illustration
    97 1 MEAT MEETIHG: a suckling pig is the centre of attraction for abattoir workers meeting to discuss plans to set up a co-operative to import chilled and frozen pork. About 130 industry people gathered at the event held last Saturday at the Mandarin Hotel. Because Malaysian and Indonesian pork
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  • 291 1 US firms anxious to return to SE Asia AFP WASHINGTON The US business community is nowanxious to return to the oncestruggling economies of South-east Asia "in a major wav", Commerce Secretary William Daley said here on Thursday. Addressing a gathering of the World Economic Forum, he also said that the
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  • Page 1 Advertisements
    • 53 1 V>, CKI M K Jailed For Hurting Cops Soil Gek Kim, 36, lacked three police officers while they were trying to arrest iier during a domestic squabble. PACE fi Water Wonders Three siblings, bom a year apart, taste victorv at a recent biathlon championships all thanks to training by their
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    • 2 1 *****1 *****6
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  • PRIME NEWS
    • 449 2  -  Investors who take a long and informed' view of situation will find it worth their while, he says B't CHI A Mi l lIOONG IN LONDON ASIA will make a comeback, but which country recovers first depends on individual countries responses to
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    • 77 2 STUDENTS ARE TCS' NEW STARS: The search has ended. Nick Shen and Vivian both 22-year-old students, are Singapore television’s latest stars. They were crowned on Sunday night at the Television Corporation of Singapore in the biennial Star Search contest. Both had impressed the judges with
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    • 152 2 KUALA LUMPUR A fivenation military exercise involving Australia, Britain, Malaysia, New Zealand and Singapore kicked off on Wednesday after being put off last year, officials said. The eight-day air exercise, codenamed “Major Adex 99-2". is being coordinated by the headquarters of the Integrated Air Defence
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    • 572 2  -  UIL M. MR MALA SCHOOLS with a larger number of students will get additional teachers and their principals will be given more autonomy to decide how they should be deployed, from next January. Those which have more weaker pupils will also be given extra teachers,
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    • 624 3  -  Former DPM vows to appeal. Protesters light bonfires and clash with security forces j Bi/ BRENDAN PEREIRA and DOUGLAS WONG IN kI ALA Ll T MPI'R ANWAR Ibrahim was found guilty of corruption and sentenced to six years’ jail by the High Court on
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    • 455 3  -  TOUGH STANCE REPORTED a 'L DENNIS CHAN SINGAPORE Airlines (SIA) has warned its alliance partner Air New Zealand (Air NZ) not to block its bid to buy 50 per cent of Australian airline Ansett, according to a report on Wednesday. Citing
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    • 341 3 THE outlook for Changi airport looks a little sunnier given the upturn in air passenger traffic in recent months. The number of air passengers went up to fi.22 million in the first three months of the year an increase of 11.4 per cent compared
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  • PARLIAMENT
    • 346 4 The Criminal Law (Temporary Provisions) Act is still needed, argues minister Ho Peng Kee, to fight secret society activities SECRET societies, protection rackets and Hongkong-style triads have been kept at bay in Singapore because of its tough laws, including the Criminal Law (Temporary
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    • 308 4 IMPORTERS, butchers and others who depended on live pig imports for a living will have to adjust to the new business environment and switch to selling chilled and frozen pork. One stallholder in Marine Parade has already done so. He ho»-- renovated his stall
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    • 401 4 AMENDED AMLA BILL GIVES GREATER POWERS PARLIAMENT on Thursday passed a Bill to give more clout to the Islamic court and make it more efficient in handling child custody and matrimonial property battles among divorced Muslim couples. Those involved in such cases must ask the Syariah
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    • 361 4 A GROUP of 79 people related to the late Sultan Hussain and who have been receiving government payments under an ordinance will receive more than 10 times the money they are being given now. Under the new scheme, they will share 5350.000 a year
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  • HOME
    • 450 5  -  *L WENDYTAN THE bugs, it seems, are winning. More of them are developing resistance to antibiotics as a result of doctors prescribing antibiotics too freely, often in response to demands from patients. Researchers have found that a common bug which causes respiratory tract infections
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    • 420 5  -  World Bank has recommended Subordinate Courts as a model, but it should not rest on its laurels, says Chief Justice l±L TAN 001 BOON THE World Bank has recommended Singapore’s Subordinate Courts as a model for developing and developed countries to study testimony that the
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    • 654 5  -  Oil KARAMJIT K.AI R MASS Rapid Transit services broke down for almost seven hours on the North-South line on Tuesday, after an empty train went off the tracks between Yio Chu Kang and Ang Mo Kio stations. The disruption happened at about 10 am and
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    • 583 6  -  Woman, 36, kicked, scratched and bit three policemen when they tried to arrest her during a domestic squabble last year «a. TAN 001 BOON A REMISIER who hurt three policemen when they tried to arrest her during a domesticsquabble was jailed a
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    • 231 6  -  PAULINE LEONG THE tattoos on his arms and neck gave the game away for a suspected mobile phone thief. Police yvere already looking for the 22-ycar-old unemployed male Singaporean with dragons tattooed on his arms and a fireball tattoo at the back of his
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    • 410 6  -  Oil LIM SENG JIN THE two men on trial for helping a debtor to commit suicide by jumping from an Outram carpark were found guilty by the High Court on Monday. At the end of the nine-day trial. Justice Kan Ting Chiu sentenced Soh Hock
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    • 548 7  -  COEs premiums rose in the first tender exercise with just two car categories, even though more COEs were allocated »!tl GERALDINE YEO THE first Certificate of Entitlement (COE) tender with only two car categories saw prices going up, according to results released last Friday. The
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    • 370 7  -  CHI A CHIN HON TEN minutes. That was all the difference betw-een life and death for 10-year-old Ang Rui Cheng, who was electrocuted at a neighbourhood fun fair last Friday night. The two-week fun fair was into its last day and was supposed to have
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    • Article, Illustration
      523 8  -  Six people heat odds of one in over eight million to share the top Toto prize of $7 million '±L JOANNE LEE SIX people became instant millionaires on Monday when they shared the top prize of over $7 million in the Toto jackpot. Beating odds of one in over
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    • 300 8  -  'll EVELYN YAP SINGAPORE Airlines is breaking a different sort of sound barrier. By May 1, it will set up a new world record by offering passengers the latest highquality sound system for in-flight movies and feature films. The move comes only months
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  • Page 6 Advertisements
    • 181 6 The only course of its kind in Singapore, the MA in Asia Pacific Studies is an internationally recognised Master's level programme from one of the UK's premier academic institutions. It is designed for professionals who require a strategic understanding of the region and covers business and politics in CHI\ 7
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  • Page 7 Advertisements
    • 247 7 Tell your friends all that happened this week in Singapore and Asean S klv ditio With a minimum 6 months subscription made by your friend, we will reward you with a chance in our Lucky Draw to win two air tickets t 0... j. S OR i AUSTRALIA UK PLUS
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  • Page 8 Miscellaneous
    • 1062 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
    • 569 9  -  No club, no big-name coaches it’s just Dad for Mustapa kids who won at a recent competition BIATHLON On. CHAN TSE CHLEEN MOST people would baulk at swimming 35 laps (1,750 metres) in the pool, followed immediately by a 2.4-km run. Muhammad Diyar Mustapa, 15,
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    • 471 9  -  S-LEAGUE SOCCER ft!L TAYCHENG kIIOON I NEVER scream in public. But it is getting harder and harder to "behave”. When I was young, my parents believed in “children being seen but not heard" a rale enforced strictly. When I became a sports reporter, it was drammed
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    • 437 9 FLOORBALL SINGAPORE wants to tussle with the best in the world in the little-known sport of floorball. On Thursday, it joined reigning world champion Sweden, Finland, Japan and Australia in a five-nation invitational competition here. It is the first time an international meet is held
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  • MALAYSIA
    • 464 10  -  The Premier, who is dischai *ged from hospital, will he back at work once he has recovered fully By BRENDAN PEREIRA I\ Kl \I I.I’MPUt PRIME Minister Datuk Seri Dr Mahathir Mohamad took the first step towards returning to his dawn-to-dusk
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    • 235 10 Bernama SEPANG The Kuala Lumpur International Airport (KLIA) suffered a two-hour power failure on Sunday and the Transport Ministry on Monday said measures would be taken to prevent a recurrence. Transport Minister Datuk Seri Dr Ling Liong Sik said the power failure from 2.44 pm
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    • 673 10 What now for Anwar Ibrahim? Our correspondent in Kuala Lumpur BRENDAN PEREIRA looks at whether a six-year jail term will turn the former Deputy Prime Minister into the forgotten man of Malaysian politics or a martyr in the eyes of the people GOVERNMENT critics and
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  • SOUTH-EAST ASIA
    • 380 11 AFP, Reuters JAKARTA Former Indonesian President Suharto’s youngest son went on trial on graft charges on Monday the first member of what was once the country’s most powerful family to he tried since Mr Suharto's downfall. Hutomo “Tommy" Mandala Putra, 36, and two other men are
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    • 600 11  -  The polls, scheduled for June, will probably be postponed, says the ex-president in an interview B’l KWAN WENG KIN JAPAN CORRESPONDENT TOKYO Indonesia's general election, scheduled for June 7, is likely to be postponed because the government is not ready to hold it, former
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    • 442 11  -  FEAR OF ELECTION VIOLENCE MAY SEE 25,000 FAMILIES LEAVING B'l SUSAN SIM IN DON ESI A CORRESPOND FAT JAKARTA Fears of election violence, coupled with a rising sense of anti-Chinese persecution by a government trying to win popular support, are fuelling an exodus of
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  • COMMENTARY
    • 607 12 MONPAY April 12, 1999 TURNING dreams into reality with a USSI-billion (551.73billion) technopreneurship investment fund? Sounds more like a high-stakes gamble. Indeed it is, because there will be big winners and losers. This new fund is a venture in which the sky is the limit for
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    • 619 12 FRIDAY April 16, 1999 INDONESIA'S financial woes have been made worse by the World Bank's decision to hold back US$6OO million (551.03 billion) in loans because there is no independent monitoring mechanism to ensure proper use of the funds. For all its readiness to help the
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    • 873 12  -  SECOND LAST WORD ALAN JOHN PARENTS are still buying canes to strike their children with, and this form of punishment is alive and well in Singapore homes. Two-thirds of parents use the cane, according to a recent survey reported in The Sunday Times, because
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    • 1065 13  -  BY THE WAY «7 TAN SAISIONG COLLEAGUE Geoffrey Pereira argued in a recent column that while all cases for making false reports to the police should be viewed seriously, it should be more so if the fake report relates to
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    • 948 13  - I crave to say let’s have less legal mumbo jumbo MY VIEW TAN 001 BOON IT IS not unusual for the man-in-the-street to complain that he does not understand the law. After all, law is a specialised and complicated subject which takes a person at least four years to study
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  • INSIGHT
    • 1553 14 Committees are sprouting like mushrooms to allow people to give their views in policy-making. But do they mark a real receptivity by the Government to new ideas? Or are they just nibber-stampingbodies with token representation? ZURAIDAH IBRAWM discusses this approach in governance. IN 1990,
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    • 1062 15  -  THINKING ALOUD SONNY YAP PUT the abattoir workers, bidders, butchers, ter huang kiam chye stallholders. bak kut teh sellers, bak kua retailers...well. anyone who depends on the pis to bring home the bacon. It took only one new strain of virus to do
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    • 879 15  -  LAST WEEK IN POLITICS CHIA LEE HOONG IT WAS ironic: The same day that Prime Minister Goh Chok Tong's sound-bite, “It is talent, talent, talent, not money, money, money, that will lead to success", made the rounds in Singapore, Deputy Prime Minister
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  • MONEY
    • 373 16 AFTER faltering for a breather on Monday, the local bourse continued its inexorable push toward the 1,700 point level after gaining more than 120 points the previous week. Buying momentum and strong liquidity kept the index climbing until it breached the psychological barrier midweek.
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    • 75 16 Straits Times Index The Straits Timas Indus surged 104.66points on the week to 1,769.9 DAY CLOSE TURNOVER Monday 1,661.3 (-3.98) 327.8 ($561.62m) Tuesday 1,680.0 (*18.70) 369.9 (S551.22m) Wednesday 1,702.7 (*22.75) 817.2 (5807.80m) Thursday 1,706.1 (*3.40) 851.4 ($1,016.98m) Friday 1,769.9 (*63.79) 959.53 ($1.193.17m) BT-SRI Index The BT-SRI Indus
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    • 1872 16 Company Data ann Nat aarn TV IV (Sm) &lt;$m) EPS TV IV (eta) (eta) ABR Mar 24 P 2.862L 5.346L 6.0L 12L ACE Caramic Mar 22 P 11.038 9895 7.80 7 90 ANA HottlS Mar 31 P 0.207L 2.914 0.4L 608 Acma Mar 26 P 20.169 23 535
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    • 156 16 BONUS ISSUE ExBooks Acc Company Ratio date close Paymt Serial Sys ane-*or-three Apr 30 May 7 NA RIGHTS ISSUE ExBooks ACC 6 Company Ratio date dota Paymt ABR Hldgs two-for-ones*' $0.25 Oec23 Dec 30 NA OTHERS Ex* Boohs ACC 6 Company Ratio date close Paymt FlexteCh $22,000,000 2.25%
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    • 46 16 Company Description OUB Proposed Bonus Iss of not more then 83,311,490 new Ora shores of $1.00 on the bosis of one new Ord shore of $1.00 eoch for every ten snores of $1.00 eoch held by shoreholders os ot o dote to be determined.
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    • 124 16 Company PI.C. Date Time MCI Land c 5 Raffles Av» Renoir Suite Level One The Orientel S pore (*****7) May 6 11.45am Republic Hotels A 9 Rattles Place ***** Republic Plaza S'pore (*****9) May 5 11.00am c&c c The renoir Suite The Oriental Level One S Rattles Ave
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    • 1009 16 Payment (cts) Cs date Books dose Pay date Armstrong 10c b 0.15 Apr 20 Apr 27 May 7 ABN AmroNG1.25 F NLG0.67 Mar 10 May 28 Auric Pac 50c b 35 Apr 28 May 5 May 24 BBRSc b 1 May 20 May 27 Jun 15 BAT 2tc
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    • 1258 17 UNIT TRUSTS FUNDS AprH17,1999 Managers' prices (S$) UNIT TRUSTS I f I I 1 Nicholas-Appleqate Aberdeen S pore GrFd 1.278 1.344 NA Asia-Pac Gr Fd 0.580 0.610 NA S pore Gr Fd!** 0.830 0.875 Aberdeen Select Portfolio NA Reg China Fd!** 0.435 0.460 American Opport Fd 1.068 1.122 NA Reg
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    • 547 17  -  Many top executives are holding options deeply out of money, which will expire without an extension by their companies «!L DENNIS CHAN SENIOR executives at Fraser Neave (F&N), Cycle Carriage (C&C) and DBS I-and are likely to endure another year of seeing
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    • 352 17 FUND'S FIRST ASIAN PURCHASE DEVELOPER Allgreen Properties, which is expected widely to launch its initial public offering (IPO) soon, is selling a $5O-million stake to a group of institutional investors in a global investment fund called the Morgan Stanley Real Estate Special Situations Program. The
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    • 4513 18 Transaction date: April 16,1999 MULTI INDUSTRY 52-Wk High Low Company Curr Last Traded Sale ♦orVol OOC Day I High Low Gr's Div Net M Cap P/E $mil Wt Avq Price 125 17.5 i m D Acma 50c 90.5 cd ♦5 2755 92.5 85.5 10 7.4 149.7 84
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    • 1016 19 52-Wk High Low Curr Last Company Traded Sale ♦or* Vol 000 Day High Low Cr's Oiv Net P/E H Cap Wt Avg $mil Price MANUFACTURING 193 30 C AS Auto 10c 110 ♦4 2042 112 107 15 N 10.4 125.6 109 79.5 45 c ASJ Hidqs 20c 64 •2
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    • 1568 19 Transaction date: April 16,1999| 52-WH High Low Company List Sale ♦or* voi '000 Day High Low Last Quote Buyer Sellar Wt Avq Price 18 3 s A Acer W*****1 USS .15.5 ♦0.5 302 16 15.5 15.5 16 27 4.5 s Acma W*****4 .25 ♦1.5 3201 26
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    • 151 19 (9am,April 16) Buying 00 Selling Singapore dollars to one unit of foreign currtncy Australian dollar 1.0830 1.0980 Canadian dollar 1.1290 1.1530 NZ dollar 0,9140 0.9330 Starling pound 2.7160 2.7450 US dollar 1.6920 1.7040 Singapore dollars to 100 units of foreign currency Austrian schilling 13.00 13.40 Belgian franc 4.450 4.550
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    • 699 20  -  It tops Singapore’s listed ipanufacturing firms in terms of economic profit with $124 m '2IL JEANCHIA PUBLISHING group Singapore Press Holdings (SPH) was the best value creator for investors among the listed manufacturing companies in Singapore, according to a survey by KPMG Consulting.
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    • 531 20  -  RESPONSE TO STARHUB’S CHALLENGE OVER IDD RATES TAMMY TAN SINGAPORE Telecom will match, or even better, overseas call prices offered by Star Hub when it begins operations on April 1 next year. SingTel’s chief operating officer Lim Toon sent this signal in his first interview since
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    • 263 20 HONGKONG Singapore fared better than Hongkong in a survey of 150 fund managers and analysts, the South China Morning Post reported last Friday. The survey of analysts and fund managers based in Hongkong, Singapore and Kuala Lumpur showed that a fifth of the respondents planned
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  • Page 21 Advertisements
    • 780 21 The Straits Times Weekly Edition APPOINTMENTS t&gt; National Dental Centre The National Dental Centre (NDC) functions as the principal referral centre for dental disciplines and provides training for postgraduate dentists and dental students. YYV are inviting suit My qualified candidates for the following positions: REGISTRARS in the following specialities: (A)
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  • Page 22 Advertisements
    • 989 22 Powet!N£ millen n INTO THE HEW BUSINESS DEVELOPMENT EXECUTIVE Requirements: A recognised degree with 2-3 years' relevant experience in business development Strong analytical skills, good business acumen and perspective Good understanding of project development and project finance Able to manage complicated business issues and make decisions in a timely manner
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  • FORUM
    • 481 23 I HAVE some trouble assimilating Mr Anthony la-c Mui Yu’s linking of violence against women in the Indian sub-continent to South Asian culture (“Attacks on women unacceptable," ST, March 30). Forgive my naivety, but what’s the difference between Bangladeshi men attacking women
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    • 320 23 MS TAN Sai Siong seems to have complicated a simple matter in her article on false rape (“Don't judge women who make false rape reports too harshly”, Page 13). Firstly, introducing tougher measures to deter a woman from making false reports against a man
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    • 360 23 I REFER to the reports on the misuse of antibiotics. I have noticed since I arrived here just over a year ago, that one is just about guaranteed to be prescribed antibiotics on every visit to the doctor. It is pathetic that the medical profession blames
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    • 303 23 I AGREE with Mr Alan John, "Calling's just an easy way out” (page 12). that parents must have an arsenal of non-violent devices to discipline their wavward child. But I do not believe that caning is just an easy way out for parents. Most
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  • 116 24 FIRES burning in central Sumatra brought the haze back to Singapore on Thursday, sending the Pollutant Standards Index (PSI) up to 60 the highest in recent months. This return of the haze is earlier than expected as it was supposed to recur only during the
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  • 487 24  -  No need to buv coupons for toll charges from Jan. ERP may also be used to ease congestion there +1 DOMINIC NATHAN DRIVING into Malaysia will involve less “paperwork" from next January, when motorists will no longer have to buy coupons to
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  • 412 24 THE Criminal Law (Temporary Provisions) Act was extended for another five years in Parliament on Thursday. Amendments were also made to the Act to give drug officers the power to arrest and detain suspected drug traffickers and people who help them. It was
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  • 186 24 Satellite pictures had shown hot spots in central Sumatra since Monday, and winds had blown smoke over to Singapore since early Thursday morning, it said. It is believed that fires of this size and intensify-
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