The Straits Times : Weekly Overseas Edition, 24 April 1999

Microfilm: NL21979
Total Pages: 24
1 24 The Straits Times : Weekly Overseas Edition
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  • Title Section
    Masthead
    22 1 The Straits Times Weekly Edition Saturday April 24 1999 L*j Price: S$ 1.20 (in Singapore) Elsewhere by subscription only MITA (P) 080/08/98
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  • Article
    Non-oil exports indicate an upturn
    511 1  -  March figures show a mere 0.7 per cent contraction; analysts predict positive growth for this month Hi NARFNDRA AGGARWAI THE economy is on the brink of turning around, new figures released yesterday on Singapore’s vital foreign trade showed. Although still negative, the drop in Singapore's
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  • Article, Illustration
    Lock icon Everest hero Khoo is now a S'porean
    342 1  -  Hi t:HI A CHIN HON EVEREST hero Khoo Swee Chiow was sworn in as a Singapore citizen on Thursday a decision that took 11 years, a marriage and the world’s highest mountain to make. Accompanied by his wife, Madam Tok Wee Leng, 31,
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  • PRIME NEWS
    • Article
      Dr Tony Tan: Scrap scholarships
      686 2  -  They force employers to hold positions for scholars, says the deputy prime minister, who suggests study loan funds instead «V GEOFFREY PEREIRA IN BOSTON SINGAPORE should seriously consider scrapping government scholarships. They are "silly" because they force employers to hold positions for scholars, who may
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    • Article, Illustration
      Lock icon 'I don’t want to burden myself with a loan'
      394 2  -  Will scrapping scholarships and having study loans give students more leeway to pursue their interests or hamper them from heading for top universities abroad? Two would-be scholars give their views on the radical suggestion by Deputy Prime Minister Tony Tan. UIL
      Al HI KTSIM  -  394 words
    • Article, Illustration
      Loan 'a burden, but it means flexibility'
      308 2 UNLIKE her schoolmate Joanne, Tan Ho Chin is for the idea of scholarship loans. The 19-vear-old has alreadysecured places at two top universities Duke University in the United States and Cambridge University in Britain. She has applied for six overseas scholarships in all,
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    • Article
      Singaporeans more upbeat about economy
      690 3  -  Consumer Confidence Index jumps 137 points; 33% believe S pore’s economy will improve, compared to 21% in December JASON LEOW THINGS seem to be looking up. After months of gloom and doom, Singaporeans are far more upbeat about the economy now than in December last
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    • Article
      Foreign talent: Most in favour
      581 3 SINGAPOREANS know they matter. A nationwide poll commissioned by The Straits Times has found that most Singaporeans believe the Government does care more about them than about foreign talent. In fact, an overwhelming number typically the bettereducated who earn more support the move to bring
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    • Article
      'I'm not guilty', says ex-police chief
      563 3  -  By BRENDAN PEREIRA IN KUALA LI'MPUK FORMER police chief Rahim Noor, charged in court with assaulting Anwar Ibrahim, on Thursday pleaded not guilty to "wilfully attempting to cause grievous injury” to the former deputy prime minister an offence which carries a maximum 3 -year
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  • HOME
    • Article
      NTUC suggests new monthly wage variable
      400 4 WORKERS may get part of their annual wage increase as a monthly variable payment if a proposal by the National Trades Union Congress takes off. This will help to save jobs as the money which will be built up annually can be cut if
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    • Article
      NWC will discuss pay restraint
      445 4  -  National Wages Council has been reconvened to assess the impact of cost-cutting measures and recommend its guidelines in AHMAD OSMAN THE National Wages Council has been reconvened to assess the impact of last November's cost-cutting measures and to recommend the wage guidelines for this year.
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    • Article, Illustration
      Lock icon Big night for impotent men
      314 4 SIX months ago, when he heard about Viagra, Victor I,ec (not his real name) finally revealed to a doctor that he was impotent. The 58-year-old patient was one of the many who managed to get the drug on Tuesday. They all shied away from being
      JOYCE FANG  -  314 words
    • Article
      All because of illegal Viagra
      233 4  -  ALLISON LIM A MAN in his 30s, who took Viagra without consulting a doctor, had an erection that lasted for three days and is now permanently impotent. He ended up in hospital, where doctors had to use hollow needles to drain the blood from his
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    • Article
      ERP to be extended in September
      465 5  -  Five roads will be affected and thev are likelv to have seven gantries in all. This is part of Phase II of the scheme B'l kAKAMJIT KAUR ELECTRONIC Road Pricing (ERP) will he extended in September to Thomson Road, Bendemeer Road, Kallang Road, the
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    • Article, Illustration
      Lock icon LTA plans to launch bond issue by August
      368 5 THE I .and Transport Authority ''LTA) is expected to launch its bond issue by August to fund part of the cost of extending Singapore’s rail network. LTA chief executive Han Eng Juan said that about 30 per cent of the cost of
      Source: LTA; U CM \\l)KM)\\ and TIKS ( 111 NC. I>l\C.  -  368 words
    • Article
      The slow crawl in 2005
      348 5 TRAFFIC will slow down to a crawl on more than 10 roads come the year 200/5, if Electronic Road Pricing is not extended, projections show. Congestion, which is already building up along several roads outside the city, is expected to worsen there and spread to
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    • Article
      4 China brothers get part of $30m inheritance
      430 6  -  IC_ LIM SENG JIN FOUR brothers in China received a windfall of more than $o+(),000 each after persuading the High Court here that they deserved part of a $3O- inheritance. Three of the brothers are farmers and the fourth is a railway
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    • Article
      PM outlines vision of Singapore, the cosmopolis
      507 6  -  The goal: A ‘world city’ exuding confidence and charm’, drawing people and ideas to its shores Hi, TAN lISL EH YI N A FORWARD-LOOKING modern city that also has a Singaporean flavour, and a place that is a magnetic hub of people, minds,
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    • Article, Illustration
      Trio get nine years for robbing man who later died
      343 6  -  ‘±L TAN 001 BOON THREE Chinese nationals conspired to rob a coffeeshop owner to teach him “a lesson", but the victim, who was bound and gagged in the robber), suffocated. The trio were jailed nine years each by the High
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    • Article
      Children will have their say on custody
      380 6  -  B 7 KAREN WONG FROM JULY this year, children caught in high-conflict divorce and custody cases will be able to have a say, through a court appointed lawyer, on which parent they want to live with. The court-appointed lawyer. known as an amicus
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    • Article
      Charities asked to reduce their budgets
      423 7  -  The NCSS expects to raise less money due to the recession, but has more charities to support CHIN SOO FANG IT'S crunch time for charities: the National Council of Social Service (NCSS) has more charities to support but less money to give this year.
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    • Article, Illustration
      Spores first A-G dies at 82
      401 7  -  SALMA kllAI.Ik IjVWYERS know him best as an expert on Muslim law. Older Singaporeans know him as the country's first AttorneyGeneral. Tan Sri Professor Ahmad Ibrahim. 82. died of a heart attack at his home in Gombak, Malaysia, last Saturday. The Administration of Muslim
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    • Article, Illustration
      Former footballer jailed for perjury, corruption
      409 8 FORMER professional footballer Maran A. Jagannathan, 31, was jailed a total of 24 months for perjury and cormption. For being part of a criminal conspiracy to tlx an S-League match. Maran. formerly with Woodlands Wellington Football Club, was sentenced last Saturday to four months'
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    • Article
      Pubic Guardian may manage assets of elderly
      373 8  -  Proposal being studied by the Law Ministry will benefit those living alone or without a family 'h. TAN 001 BOON ELDERLY people who are unable to look after their financial affairs may soon get a helping hand from public officials to manage their
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  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      251 7 Tell your friends all that happened this week in Singapore and Asean ho; IPS (edition ft91*** Pap bmt Ma 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 to... H At fuel AUSTRALIA
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  • Page 8 Miscellaneous
    • Miscellaneous
      Page 8 Miscellaneous Column 1
      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 ReDort 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
    • Article
      Go on, get foreigners, says Sports Council
      429 9  -  Thirteen core and merit sports will be given help to lure promising athletes to Singapore SPORTSPEOPLE a a HAKIkAT RAI SINGAPORE’S 13 core and merit sports have been given the green light to recruit foreign sports talent. The 13 sports in the Singapore
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    • Article
      Some bent on staying local
      282 9 WHILE other national sports associations are actively searching for foreign sports talent, Singapore's bowling, yachting, swimming, taekwondo and sepak takraw fraternities believe that home-grown talent is the way to the future. They have achieved international success solely on athletes honed in the Republic and are
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    • Article
      Crowds up in the S-League
      553 9 TIGER BEER S-LEAGUE SOCCER THEY are second, fourth and ninth in the S-League table, yet Home United, Jurong FC and Balestier Central have been attracting bumper crowds to their home matches. Jurong East Stadium, the Cobras’ lair, has a seating capacity of just IJOO. But
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    • Article, Illustration
      Lock icon Jose's body beautiful
      245 9  -  BODYBUILDING Oil f THOMASKOH NEWCOMER Jose Lin was crowned the best-sculpted at the National Bodybuilding Championships at Kreta Ayer last Saturday. He won the middleweight title and the Singapore Classic for best overall. “Jose is 100 per cent prime American beef,” enthused Singapore Bodybuilders’ Federation general secretary
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  • MALAYSIA
    • Article, Illustration
      Lock icon Worst is over, says Mahathir
      747 10  -  Malaysia is expected to grow 5 per cent next year and may still he on track for developed nation status by 2020 Reports Ini DOUGLAS WONG l\ kl VI A LIMPI’K A SPIRITED Prime Minister Datuk Seri Dr Mahathir Mohamad said on Thursday that “the
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    • Article
      Clob issue 'close to being resolved’
      313 10 PRIME Minister Dr Mahathir Mohamad said on Thursday that the Kuala Lumpur Stock Exchange (KLSE) and the National Economic Action Council (NEAC) are close to finding a solution to the Clob issue. ‘That is something that the KLSE is looking at. as w'ell as
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  • SOUTH-EAST ASIA
    • Article, Illustration
      Lock icon Cowed Philippine rebels release two captives
      493 11  -  NIKMAL GHOSH PH I 1.l HIM NFS COKHFSPONDFM MANILA Communist rebels last Friday freed two army officers, including a senior general, after almost two months of captivity effectively caving in to the government and exposing the reduced bargaining power of the 30-vear-old insurgency. Brigadier-General
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    • Article
      Lock icon Prove Habibie is corrupt, lawyers told
      360 11 STATE SECRETARY THROWS CHALLENGE AFP. Reuters JAKARTA A senior Indonesian minister has challenged lawyers of former President Suharto to prove allegations that his successor, President B. J. Habibie, had engaged in corruption, a report said on Sunday. “Go ahead with the evidence. We will
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    • Article
      Jakarta has until July to stop fires
      643 11  -  It won t face any penalties if deadline is not met, but Asean sees it as test of country’s resolve J «1 DOMINIC NATHAN INDONESIA has till mid-July to implement Asean’s zeroburning policy, which requires authorities there to prevent new land-clearing fires and
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  • COMMENTARY
    • Article
      Fight forest fires – now
      608 12 Fight forest fires now WEDNESDAY April 21,1999 INDONESIA’S forests are burning again, and last week's smog over Singapore is a troubling sign that Southeast Asia may suffer yet another environmental catastrophe during the dry months unless Jakarta takes urgent action to stop the fires. Satellite pictures show that vast tracts
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    • Article
      Idea before its time
      607 12 THURSDAY April 22, 1999 Deputy Prime Minister Tony Tan has done it again. Back in 1985, when he was Trade and Industry Minister. he created a stir when he told top civil servants to beware the danger of closed minds. He recounted the story of the
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    • Article, Illustration
      Property market at crossroads
      796 12  -  SECOND LAST WORD liu 808 m; MY LAST column on the residential property market was published almost exactly a year ago, on April 29. 1998. and I thought now would be a good time to revisit the topic to see how things have changed. Then, the
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    • Article
      Toughen laws on incest and break the silence
      1118 13  -  MY VIEW Hit !r/ BERTHA IIEVSON LETS talk about incest. About fathers raping their own daughters, and brothers, their sisters. Or is it a taboo subject? It should not he. We know it happens. Statistics obtained from the police show that there
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    • Article, Illustration
      Keeping heart dose to hearth
      949 13  -  BY THE WAY TAN S.AI SIONG WHEN a friend's Swiss husband retired a few years ago. t he couple moved back home to a little village near Geneva. Their two-bedroom flat, even though it overlooks Lake Geneva, is small by the standards they were used
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  • INSIGHT
    • Article, Illustration
      Changes in the Cabinet is latest guessing game
      1696 14 No prizes for guessing what 's the latest game in town who's going where in the Cabinet reshuffle next month? IRENE NG checks. i out what government insiders and political watchers are speculating. IN THE previous round of Government appointments last June,
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    • Article, Illustration
      Lock icon This little piggy offers food ideas
      1009 15  -  THINKING ALOUD Hi, <lll A LEE lIOONG SEVEN months ago. a colleague suggested to me that Singapore should resume agriculture. I told him he was mad. He countered that mad times called for mad solutions. This country’s nearly total dependence on food imports was
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    • Article
      KL politics more uncertain after Anwar saga
      997 15  -  LAST WEEK IN POLITICS Hi, cm \i ii lIOONG FIVE-and-a-half months of excruciating court drama drew to a close hist Wednesday with the conviction of Anwar Ibrahim on charges of corruption. But the legal denouement did not restore calm to Malaysia. The country's
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  • MONEY
    • Article
      Buying surge leads to a dizzying new high
      381 16  -  COLIN TAN THE local bourse gained another 95.36 points this week to close on a dizzying new 19month high of 186.5.3 points on [wavy volume. Average daily volume surged 50 per cent higher at 994.1 million shares valued at $l.lB billion from
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    • Article
      CORPORATE RESULTS
      1877 16 Company Data ann Net earn TV LV <$m> ($m) EPS TV LV let» lets) ABR Mar 24 P 2.862L 5.346L 6.0L 12L ACE Ceramic Mar 22 P 11.038 9895 7.80 7.90 ANA HottlS Mar 31 P 0.207L 2.914 0.4L 6.08 Acma Mar 26 P 20.169 23 535 12.2
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    • Article
      DAY-TO-DAY STOCK INDICES
      74 16 Straits Times Index The Straits Times Index gained 95.36points on the week to 1,865.3. DAY CLOSE TURNOVER Monday 1.842.3 (*72.39) 1,173.6 ($1,868.48m) Tuesday 1,809.5 32.83) 651.8 ($979.22m) Wednesday 1,842.3 (*32.85) 1,233.4 (SI,094.53m) Thursday 1,862.4 (*20.06) 1,233.2 ($1,067.17m) Friday 1,865.3 (*2.89) 678.7 ($872.57m) BT-SRI Index The BT-SRI Index
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    • Article
      DIVIDENDS ANNOUNCED
      1028 16 Payment lets) Ek date Books close Pay date Armstrong 10c D 0.15 Apr 20 Apr 27 May 7 ABN AmroNG1.25 F NLG0.67 Mar 10 May 28 Auric Pec 50c b 3.5 Apr 28 May 5 May 24 BBR 5c b 1 May 20 May 27 Jun 15 BAT
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    • Article
      APPROVED ISSUES
      148 16 BONUS ISSUE EiBooks Accfc Company Ratio date dote Paymt Serial Sys one-for-three Apr 30 May 7 NA BBR one-for-one May 20 May 27 Jun 15 OUB ona-for-«en May 10 May 17 May 28 RIGHTS ISSUE E>Books Acc Company Ratio date close Paymt OTHERS CxBooks ACC fc Company Ratio
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    • Article
      PROPOSED ISSUES
      32 16 Company Description Ossia Proposes Private Placement of 20,900.000 New Orflmary Snares of $0.10 eacn (’Placement Snares'fin tne Capital of Ossia Inti UP at $0,201 for eacn Placement share ('The Placement’!.
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    • Article
      COMPANY MEETINGS
      134 16 Company Oat* Tim# liOroy A No 2 Stadium Walk Kallanq S'pora Indoor Stadium S'pora (*****1) May 19 10.30am Ptnqum Beat A Th* Board Room 18, Tuas Basin Unk S’pora (*****4) May 18 10.00am BBR A E Board Room SO Chanqi South St 1 BBR Bldq S'pore '*****6; May
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    • Article
      UNIT TRUSTS & FUNDS
      1322 17 UNIT TRUSTS FUNDS April 24,1999 Managers' prices (S$) UNIT TRUSTS Aberdeen Asset Mat Asm Ltd Nicholas-Applegate Aberdeen S'ooreGrEd 1.354 1.424 NA AsiaPacGr Fd 0.610 0.645 NA S pore Gr Fd'** 0 885 0.930 Aberdeen Select Portfolio NA Reg China Fd!** 0465 0.490 American Opport Fq 1.088 1.143 0.800 0.840 Continental
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    • Article
      Investors sinking less money into equities
      446 17  -  Savings with banks also down to $7.3b last year, a new study by statistics department shows liil NARENDRA AGGARWAL BELT-TIGHTENING by Singaporeans resulted in their investments in shares and other equities plummeting 30 per cent to $3.5 billion last year, the first full year
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    • Article, Illustration
      Lock icon Walk of Fame to become hub of entertainment
      554 17  -  SSM REVAMP BY CHRISTMAS Hu KALPANA RASH I>V ALA COME Christmas, the Walk of Fame, the private street at the Millenia Walk mall, will he transformed into a bustling food and entertainment district under a $5 million makeover. The 70.000-sq-ft private street,
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    • Article
      SES MAIN BOARD
      4621 18 Transaction date: April 23,***** MULTI INDUSTRY 52-Wk High Low Company Curr Last Traded Sale ♦orvol 000 Day High Low Gr's Div Net M Cap P/E Smll Wt Avq Price '21 17.5 m 0 Acma 50c iOi ca ♦1 2519 103 99 10 8 3 167.1 95 49
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      SESDAQ
      1056 19 52-Wh High Low Curr Last Company Traded Sale ♦orVol 000 Day Hiqh Low Gr's Div Net P/t M Cap $mii Wt Avq Price MANUFACTURING 185 30 C AS Au*0 IOC 116 3 1015 120 115 15 N 10.9 132.4 117 79.5 45 c ASJ Hidqs 20c 67.5 *1 6
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    • Article
      BONDS, LOANS & WARRANTS
      1591 19 BONDS, LOANS WARRANTS Transaction date: April 23,1999 52 -m Hiqh Low Company Last Salt ♦or* Vol 000 Day Hiqh Low Last Ouota Buyar Sallar Wt Avq Prlct 20 3 S A Aca f W*****1 USS .18 »0.5 323 19.5 18 18 18.5 28 4 5 1 Acm* W*****4 25 5
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    • Article
      CURRENCY
      155 19 (9am,April 23) Buying OD Selling Singapore dollars to one unit of foreign currency Australian aolla' ***** 1.1200 Canadian aonar M430 1.1670 N2 aoMar 0 9290 0 9480 Starling pound 2 7480 2.7770 US dollar ***** 1.7140 Smgapora dollars to 100 units of toraign currancy Austrian schilling 13.10 13.40 Belgian
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    • Article
      Recent IPOs overshadow earlier ones
      553 20  -  While this year’s batch has risen 57 per cent above issue price on average, five from past 1 Vi years are trading at discounts ft<i LFONG CHAN TF.IK INVESTOR euphoria over the recent slew of initial public offerings (IPOs) has begun to spread to counters
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    • Article
      LAGGARD IPO SHARES
      231 20 Nine companies which launched IPOs between June 1997 and last year-end trade currently at an average of 5 percent below their IPO prices a sharp contrast to the 57 percent jump posted by IPOs unveiled this year. The nine companies posted growth in their profits last year-a
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    • Article
      Singapore stands out as a manufacturing hub
      375 20  -  SECOND MOST ATTRACTIVE AFTER U.S., SAYS SURVEY /if/ NARENDRA AGGARWAL SINGAPORE has beaten the rest of the world apart from the mighty United States as the most attractive location for manufacturing, in an authoritative new survey. In what will he music to the
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    • Article
      Singapore Power seeks ratings
      411 20  -  Bt) WILLIAM CHOONG SINGAPORE Power (SP) is inviting global rating agencies to prepare for a possible bond issue which would fund investments overseas. SP is "taking steps" to get agencies such as Moody’s and Standard and Poor's to assess its credit worthiness, its chairman Ho Kwon
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  • Page 21 Advertisements
    • Advertisement
      Page 21 Advertisements Column 1
      888 21 The Straits Times Weekly Edition APPOINTMENTS ll >NTUCI, NATIONAL TRADES UNION CONGRESS feu 1 We in the NTUC have developed a blueprint to take us into the 21st Century. We call it NTUC 21. More importantly, we need people with verve and vitality to turn our vision into reality. So
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  • Page 22 Advertisements
    • Advertisement
      Page 22 Advertisements Column 1
      873 22 Trade Connection Singapore Trade Development Board was established with the mission to develop Singapore into a premier international trading hub. With an extensive network of overseas offices, TDD initiates and implements trade development policies and schemes. It also promotes trade by helping Singapore-based companies reach the global market. We are
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  • FORUM
    • Article
      Govt keen on receiving inputs for policy-making
      577 23 IN “DO committees have a real sav?" (ST, April 10), Ms Zuraidah Ibrahim quoted Mr Raymond Lim, a former president of The Roundtable, describing how he had submitted a paper suggesting that the Government set up a Financial Service Promotion Agency. The officials
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    • Article, Illustration
      Lock icon Are parents teaching children right values?
      330 23 I REFER to the letters, “Noisy children just do not belong in some places", and “Combativeness a disturbing social trend" (ST. April lb). Ix?t me relate another incident. Just the other day, 1 witnessed three pre-school children running up and down the common corridor
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    • Article
      Don’t pin the blame on doctors alone
      369 23 I REFER to the letter “Superbugs: It’s doctors' fault" by Mrs Eun-Young Yeo (ST Weekly, April 17), which suggested that one of the reasons for the emergence of superbugs is the Singapore doctor's readiness to prescribe antibiotics. This was also said to be
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    • Article
      Witch-hunt will not get rid of superbugs
      217 23 Antibiotic resistance in bacteria is a complex issue with many possible causes. Even the mechanism of how bacteria acquire resistance is not fully understood. I agree with M rs Eun-Young Yeo that we cannot just put the blame on patients (“Superbugs: It’s doctors’
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  • Article, Illustration
    Lock icon Police to put brakes on big vehicles
    373 24 SPEED-LIMITING DEVICES BIG vehicles will have to slow down, when the Traffic Police make it compulsory for them to be fitted with special devices that stop drivers from speeding. A Traffic Police spokesman told The Straits Times on Thursday that the move would
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  • Article
    Ban on pig imports lifted
    691 24  -  Meat will he chilled immediately after pigs are slaughtered, and all stallholders selling pork Tniist install chillers by Nov 1 J fh. DOMINIC NATHAN PORK will go on sale in wet markets from Wednesday morning with the lifting of the ban on live pig imports.
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  • Article
    STATISTICS
    38 24 HEAVY vehicles, which make up 4.4 per cent of the more than 680,000 vehicles registered here, accounted for more than one in five of the 31,524 speeding tickets issued in the first nine months of last year.
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