The Straits Times : Weekly Overseas Edition, 29 May 1999
1999-05-29
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The Straits Times : Weekly Overseas Edition
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Title Section20 1999-05-29 1 The Straits Times Weekly Edition Saturday, Mav29, 1999 Price: S$ 1.20 (in Singapore) Elsewhere by subscription only MITA (P) 080/08/9820 words
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Article641 1999-05-29 1 AHMAD OSMAN - NWC recommends wage cut or freeze for struggling companies, but encourages those doing well to give bonus and pay increase >±L AHMAD OSMAN ANOTHER year of wage restraint is on the cards for workers, who may also see a change in the way their pay641 words
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Article, Illustration52 1999-05-29 1 STFPH AMK YFOW THOUSANDS CARRY OUT RITUAL FOR VESAK DAY: Three steps, then one bow. In this way, thousands of Buddhist devotees led by monks in saffron robes made their way round the Phor Kark See temple in Blight Hill Drive last evening.stkph wiKnow - 52 words
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Page 1 Advertisements
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Advertisement56 1999-05-29 1 The Wet Walk '99 About 72,000 walkers turned up for The New Paper Big Walk, in the second year in a row that the event became a wet one. pace 6 S PC) HTS Magnificent Reds Singapore’s rugby squad records first win against tough Taiwan with a dramatic last-minute try56 words
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PRIME NEWS
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464 1999-05-29 2 TAN list EH YI N - Lower-income families can buy three-room flats after renting them first at below market rates *1 TAN list EH YI N RENT now, buy later: the Housing Board is launching a new way to help lower-income families become home owners. It will rent out464 words
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Article, Illustration577 1999-05-29 2 ELENA CHONG - fh. ELENA CHONG THE schoolboy dubbed the "terror of Y'ishun" started his stint at the Reformative Training Centre (RTC) on Tuesday after failing to persuade the Chief Justice that he deserved another chance. Anglo-Chinese School (Independent) student Siddharth Mujumdar. who turned 17 earlier thisSTKVKN I KK - 577 words
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501 1999-05-29 2 SANDRA DAVIE - CLASSES AT ORCHARD RD IN JULY fill SANDRA DAVIE THE Nanyang Technological University (NTU) is going downtown within four years. The university, which has a 2()0-ha campus in Jurong, has asked the Government for a site to build a city campus501 words
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Article, Illustration132 1999-05-29 3 SUN VISTA CREW FLIES HOME: About 150 Filipino crewmen of cruise liner Sun Vista flew home from Singapore on Thursday afternoon. Many had taken the opportunity to go shopping, and at the airport, they were busy writing their names on the TV and stereo setsKNHiyi'K. SOHIANO - 132 words
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483 1999-05-29 3 AHMAD OSMAN - CJ REDUCES FINES BUT WARNS THEM AGAINST REPEATING OFFENCE *1 AHMAD OSMAN SINGAPORE Democratic Party (SDP) leaders Chee Soon Juan and Wong Hong Toy are now free to take part in a parliamentary election. Their fines of $2,400 each, imposed in483 words
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Article554 1999-05-29 3 WALTER FERNANDEZ - Commercial Affairs Dept has received complaints from stock investors and will help UK police suss out the eonmen responsible Hjl WALTER FERNANDEZ THE global investment scam which British police say has duped hundreds in Singapore has been brought to the attention of the Commercial Affairs554 words
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Page 3 Advertisements
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Advertisement101 1999-05-29 3 ST WEEKLY EDITION SUBSCRIPTION DRAW RESULTS WINNERS of The Straits Times Weekly Edition Subscription Promotion Lucky Draw are: Dr Lim Yu Her (NRIC: *****930 E) Ms Seah Peng Kui (NRIC: *****905 A) Madam Yu Chi How (NRIC: *****39 Z) Each of them wins two return air-tickets to one of these101 words
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HOME
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499 1999-05-29 4 Its sunk liner was to have sailed to Phuket on Sunday with /00 passengers who paid for a rive-night trip on the Sun Vista JUST days after the sinking of Sun Vista, cruise operator Sun Cruises is already chalking up about499 words
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552 1999-05-29 4 DOMINIC NATHAN - COMBATING PIRACY ON THE HIGH SEAS DOMINIC NATHAN THE shipping industry and port authority in Singapore are strongly against the idea of arming the crews of ships to combat piracy. The Maritime and Port Authority (MPA) said that doing so would only escalate tensions552 words
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Article, Illustration338 1999-05-29 4 MOST of the 472 passengers from the Sun Vista, the Singa-pore-owned liner which sank south of Penang last week, have returned to their respective countries. They arrived here last Friday after being flown here on chartered flights. Spokesmen for five embassies here said that Sun Cruises, theI IVUII VVWHAO - 338 words
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474 1999-05-29 6 Studies with abattoir, laboratory and health-care workers done to find out how virus spreads THE abattoirs have re-opcned and pigs are once again being imported, but research into the Nipah virus outbreak in Singapore is far from over. Close monitoring of encephalitis cases474 words
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382 1999-05-29 6 EVELYN YAP - »!L EVELYN YAP COMPIAINTS against travel agents jumped 2 1 2 times in the second half of last year, compared with the same period in 1997In all, 256 complaints were made at the year-old Travel Services Bureau from June to December last year. There were382 words
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Article, Illustration351 1999-05-29 6 TENS of thousands sloshed about in the rain on Sunday for The New Paper Big Walk the second year in a row that the event became a wet one. About 72,000 w’alkers the biggest turnout ever had arrived bright and early at the National Stadium.THE NEW PARED - 351 words
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461 1999-05-29 7 DOMINIC NATHAN - DOMINIC NATHAN NEW infectious diseases are emerging and old diseases such as malaria are making a comeback. These are two major public health concerns now facing Singapore, according to an Environment Ministry (ENV) annual report released last Thursday. And there are more cases of “imported"461 words
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495 1999-05-29 7 Hu SAMANTH A SANTA MARIA - It will not be taking any action against the 48 people known to have forwarded a defamatory message on the Internet Hu SAMANTH A SANTA MARIA THE National Kidney Foundation will not take any action against the 48 people known to have495 words
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Article, Illustration447 1999-05-29 7 £(/ SAMANTHA SANTA MARIA - By SAMANTHA SANTA MARIA NEITHER kidney failure nor a stroke can keep Madam Tan Lak Muay down. The feisty 48-year-old may need a wheelchair to get around, but that did not keep her from becoming a volunteer for the National Kidney Foundation. It showswove KU.VI CHOW - 447 words
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Article, Illustration363 1999-05-29 8 EXPECT the haze to return over the next few months and hover between HO and 100 on the Pollutants Standard Index, said Environment Minister Yeo Cheow Tong. However, there is not likely to be a repeat of the situation in 1997. when there363 words
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459 1999-05-29 8 Speak up now; the National Library Board is gathering public feedback to find out what Singaporeans want IF YOU wish to see the steps and foyer of the present National Library building on Stamford Road included as part of its new library’ building459 words
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Page 5 Advertisements
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Advertisement450 1999-05-29 5 M Anything about my CPF account, anywhere in the world." me :C AW* 4; < r' 'r ,A 'Jr 4% V ■i x.; i.„u &i»i jSgr ai £5 PIP a»: v r ■t GET IN TOUCH WITH YOUR CPF PAL NOW (PI PAL Thanks to CPF PAL, you can access450 words
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Page 8 Miscellaneous
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Miscellaneous1062 1999-05-29 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 Word1,062 words
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SPORTS
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499 1999-05-29 9 SANTOKH SINGH - Skipper Nazri Nasir is the first player to sit with bosses on the National Team Committee SOCCER "iL SANTOKH SINGH SINGAPORE'S soccer players have finally got a voice to air their concerns. And the onus is on skipper Nazri Nasir to make their499 words
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Article274 1999-05-29 9 CHAN TSE CHI'EEN - BASkETBAI.I, By CHAN TSE CHI'EEN THE way to South-east Asia Games glory will be one tough journey for the Singapore men’s basketball team, judging by its performance on Sunday night against Thailand. It lost 56-73 to the 1997 SEA Games bronze medallist in the closing game of274 words
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Article, Illustration379 1999-05-29 9 S. MI RALI - RUGBY By S. MI RALI SINGAPORE scored its firstever international victory over Taiwan in a thrilling 32-27 away victory in the Standard Chartered International TriNations Series last Saturday. The victory moved the Anchor Reds to the top of the table, ahead of Hongkong on points379 words
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MALAYSIA
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Article, Illustration525 1999-05-29 10 DOUGLAS WONG - Premier predicts that in future, countries will he multi-ethnic and multi-cultural as feuding groups reconcile to live together By DOUGLAS WONG IN kl’Al.V Ll'MPl’H PRIME Minister Datuk Seri Dr Mahathir Mohamad rejects the possibility of a clash of civilisationsm inns - 525 words
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424 1999-05-29 10 APOLOGY AMID GROWING CRITICISM IN THE face of mounting criticism over his alleged derogatory remarks about rubber tappers last week in Parliament. Primary Industries Minister Datuk Seri Dr Eim Keng Yaik apologised to them on Monday night. His apology came ahead of Wednesday’s Cabinet424 words
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221 1999-05-29 10 PETALING JAVA The Malaysian army pulled out from the pig-killing operation in Alor Gajah, Malacca, on Wednesday because its men were not available, The Sun reported last Friday. ‘The army is engaged in a major land exercise and, therefore, no men can221 words
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422 1999-05-29 10 New Straits Times, The riMEs, The Star/Asia Star/Asia News Network PENANG Penang has been put on red alert after the deadly Nipah virus was detected at a farm with over 2,000 pigs in Sungai Bakap, Seberang Prai Selatan. State ChiefNew Straits Times, The; riMEs, The Star/Asia; Star/Asia News Network - 422 words
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SOUTH-EAST ASIA
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496 1999-05-29 11 DERWIN PEREIRA - Numbering 100,000, they shout ‘Mega, Mega’, in the largest turnout by any political party since election hustings began DERWIN PEREIRA I\ JAKARTA JAKARTA was painted red on Sunday. Like blood flowing through the clogged arteries of roads leading to the heart of the city, more than496 words
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Article, Illustration426 1999-05-29 11 spoiled ballots. Jakarta Post/Asia News Network JAKARTA Golkar may be barred from the rest of the election campaign after the official poll watchdog found evidence that the ruling party’s security personnel carried sharp weapons. “Golkar officials insisted that none of their security volunteersspoiled ballots. Jakarta Post/Asia News Network; JEROME MING - 426 words
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183 1999-05-29 11 JAKARTA The Indonesian military (Abri) is prepared to relinquish its 38 non-elected seats at the legislature starting in the year 2002, Major-Gener-al Agus Wirahadikusumah said, according to a press report. “If the people want it scrapped, we will do away with183 words
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COMMENTARY
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Article593 1999-05-29 12 TUESDAY MAY 25, 1999 ONE year after President Suharto left office, Indonesia still offers a salutary case study of what rule by strongman and its sudden termination can do to a country. The trials and tribulations which its people have to endure are a painful reminder of what593 words
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Article602 1999-05-29 12 WEDNESDAY MAY 26,1999 SOUTH-east Asia used to be known for its or(iwz laut, people who made a living off the sea. Most did so through simple, honest fishing. But there were those who fished the bounty off other boats. Today, their criminal brethren have modernised to the602 words
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Article, Illustration923 1999-05-29 12 ROB \G - SECOND LAST WORD «V ROB \G LAST December, I received a package in the mail that would warm the cockles of any true-blue yuppie’s heart. In it was a letter from American Express, signed by its country manager, Mr Anthony Lee, inviting923 words
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1177 1999-05-29 13 i, CIIERIW (,IOR(. l - MY VIEW By i, CIIERIW (,IOR(.l AS THE momentum of economic restructuring picks up, Singapore’s gov-ernment-linked companies (GLCs) should he next to feel the winds of change. So far, the Government has committed billions of dollars to innovation. entrepreneurship and retraining; opened doors to1,177 words
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Article1008 1999-05-29 13 LIM SAY BOON - IhL LIM SAY BOON FETED and wooed by business-hun-gry investment banks, Malaysians are starting to betray unhealthy signs of smugness. There seems a growing tendency to equate success in avoiding the worst of the regional economic crisis through rejection of the International Monetary Fund’s orthodox prescriptions1,008 words
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INSIGHT
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Article, Illustration1704 1999-05-29 14 Two years ago, the ever-lengthening queue for new flats reached 150,000. Now 80 per cent of first-timers choose to buy resale flats. Why is the housing market swingingfrom one imbalance to another? Can HDB ever get its sums right? TAN HSIIEH YUN finds\OF.I KOSALI s - 1,704 words
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Article, Illustration1017 1999-05-29 15 CHUA LEE iioom - THINKING ALOUD H'l CHUA LEE iioom; IN A recent commentary discussing Prime Minister Goh Chok Tong’s idea of the “Singapore tribe", I wrote that while shared memory was important to building a nation, shared forgetting would be equally important, in order to create avon KOSMKS - 1,017 words
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955 1999-05-29 15 CHI’A 111 lIOONG - LAST WEEK IN POLITICS CHI’A 111 lIOONG THE winds of change are blowing, once again, across the Singapore political landscape. Workers’ Party chief J.B. Jeyaretnam has used that term as his clarion call for many years now, but soon, he could be the one955 words
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MONEY
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342 1999-05-29 16 THIS has been a week of consolidation on the Singapore stock market and weakness on Wall Street provided the best excuse. On fears that the US Federal Reserve will hike US interest rates to combat inflation, the Dow Jones Industrial Average’s ups and downs342 words
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Article1934 1999-05-29 16 Company Data ann Net earn TV IV <$m) ($m) EPS TY LY (ct•) (cts) Apollo CnI Mar 26 P 7.010L 1.9971 4.5L 1.3L AsiaFood Mar 2 9 P 140.927 45 157 4.85 185 Alliance Mar 30 P 17.25L 30.998L 21L 38L Avtmo May 13 1 8 998 71,934 words
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Article149 1999-05-29 16 BONUS ISSUE ExBooks ACC Company Ratio date close Paymt Serial Sys one-for-three Apr 30 May 7 NA OUB ona-for-tan May 10 May 17 May 28 BBR ona-for-ona May 20 May 27 Jun 15 Eng Kong one-for-two May 25 Jun 1 NA RIGHTS ISSUE ExBooks Acc Company Ratio date149 words
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Article76 1999-05-29 16 Straits Times index The Straits Times Index tell 49.62 points to 1,903.68 for the week. DAY CLOSE TURNOVER Monday 1932.80 20.50) 1.17b <$l.07b) Tuesday 1896.21 (-36.59) 1.19b ($1.17b) Wednesday 1893.73 2.48) 1.07b ($1.09b) Thursday 1915.77 (*22.04) 1.57b ($1.38b) Friday 1903.68 (-12.09) 0.86b ($0.96b) BT-SRI Index The BT-SRI76 words
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Article1031 1999-05-29 16 Payment (cts) Ei date Books close Pay date ACE Dynamics 20c F 0.05 Jun 14 Jun 21 Jul 2 ASJ 20c F 0.75 May 28 Jun 4 Jun 18 Avimo 20c 1 2.25 Jul 20 Jul 27 Aug 12 BBR 5c D 1 May 20 May 27 Jun1,031 words
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Article58 1999-05-29 16 Company Description Excel Proposed Renounceable Rights Issue 01 70,000,000 new Ord Shares ot SS0.20 each in the Capital of the Co With 52.500,000 Warrants.Each Warrants carrying the Rights to subscribe for one New Ord at SS0.20 for each rights share on the basis ot four Rights Shares with58 words
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Article145 1999-05-29 16 Company Place Date Time Hot*! A Malaysia Room Jun 25 4.00pm Prop Hilton Inti Spore 581 Orchard Rd S'por* (*****3) WahShing A Conf*r*nc* Room Jun 12 10.00am s The Westin Stamtord Westin Plaza 2 Stamford Rd S pore (*****21 Creative c 31 International Business Park Creative Resources S145 words
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Article1282 1999-05-29 17 UNIT TRUSTS FUNDS May 29,1999 Managers' prices (S$) UNIT TRUSTS Aberdeen Asset Mot Asia Ltd Morgan Grenfell (Asia) Limited Aberdeen SporeGr Fd 1.547 1.626 MG Premier Select T/& 0.89 0.94 MG Asia Premier T!** 1.06 1.12 Aberdeen Select Portfolio MG Premier Asian Bd Fd** 9.15 9.44 American Opport Fd 1.0561,282 words
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Article, Illustration556 1999-05-29 17 Hu WALTER FERNANDEZ - Updated set of guidelines for the prevention of money laundering is sent to 75 merchant banks 'Jl Hu WALTER FERNANDEZ MERCHANT hanks in Singapore have just been issued an updated set of guidelines by the Monetary Authority of Singapore (MAS), warning them toBANGKOK POST - 556 words
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466 1999-05-29 17 LEONG CHAN TEIk - Hu LEONG CHAN TEIk SHARES of DelGro and its subsidiary Singapore Bus Services (SBS) soared 11 per cent and 24 per cent respectively last Friday after SBS clinched the contract to operate the Mass Rapid Transit’s NorthEast line (NEL). Although SBS beat lowerprofile466 words
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Article4557 1999-05-29 18 Transaction date: May 28,1999 MULTI INDUSTRY 52Wh High Low Company Curr Last Traded Sale ♦or* Vol 000 Day High Low Gr's Net M Cap Dlv P/E Smil Wt Avg Price 147 17.5 m D Acma 50c 134 cd •1 890 134 130 10 11 221.7 134 494,557 words
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Article1058 1999-05-29 19 52-WN High Low Curr Last Company Tradad Sala ♦orVol '000 Day High Low Or’* Oiv Not P/C M Cap $mll Wt Avg Prlc# MANUFACTURING (02 30 c AS Auto 10c 123 •1 1020 126 121 15 N 11.6 140.4 123 95 45 c ASJ Hidqs 20c 93 5 «d1,058 words
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Article1446 1999-05-29 19 BONDS, LOANS WARRANTS Transaction date: May *****9 j 52-Wh High Low Company Lott Solo ♦Of Vol '000 Doy High Low Last Ouota Buyar Sallar Wt Avg PrlCO 25.5 3 s A Acar W*****1 USS 25.5 ♦0,5 660 25.5 23.5 25 25.5 57.5 4 5 s Acmo W*****4 46 5 11,446 words
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Article53 1999-05-29 19 1.1280 1.1830 0.9350 ***** 1.7340 13.30 4.520 19.50 24.50 92.70 30.70 27.70 22.50 4.200 0.***** 0.***** 1.4400 ***** 82.30 5.330 22.10 3.900 4.650 46.80 27.90 2.900 20.30 113.90 4.730 New York Suylnq OD le unit 1.1130 1.1590 :n. iispissiim isisfissiisi ill 1 1 11 1 |°*j 1 1 |i|53 words
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Article, Illustration174 1999-05-29 20 SHANGRI-LA Hotel Singapore, which has just completed a $95 million major overhaul. has bagged a prestigious award from the American Academy of Hospitality Sciences. It clinched the New Yorkbased body’s 1999 Five Star Diamond Award, an international recognition given to hotels for their overall standards of high174 words
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531 1999-05-29 20 LF.ONG CHAN TEIK - Retailers suffered most last year but analysts polled by The Estimate Directory are pointing to better times up ahead By. LF.ONG CHAN TEIK TEN out of 18 companies due to announce results over the next few weeks for the year ended March 31 are expected531 words
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542 1999-05-29 20 ByKALPANA KASHIWALA - By By KALPANA KASHIWALA SUPERMARKET chain NTUC Fair Price has already found tenants for 85 per cent of the entire retail space at Hougang Point that it is leasing, and is confident the rest will be taken up by the mall’s October opening.542 words
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Article267 1999-05-29 20 COLIN TAN - By COLIN TAN PROPERTY prices in the East Coast area are sizzling, judging by the area’s latest freehold offering which is at prices 30 per cent higher than for a comparable project launched just over six months ago. OEB Properties launched yesterday its freehold267 words
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Page 19 Advertisements
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Advertisement14 1999-05-29 19 Buy It. Sell It. Find It. Classified. H Call Today For Results Tomorrow. 1800-737-116614 words
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Page 21 Advertisements
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Advertisement1055 1999-05-29 21 The Straits Times Weekly Edition APPOINTMENTS fru > ft ft L 11 u ftl ftjL NANYANG TECHNOLOGICAL UNIVERSITY NATIONAL INSTITUTE OF EDUCATION CENTRE FOR IT IN EDUCATION (To be established in July 1999) The IT Centre is established to allow the Institute to take leadership in ITbased curriculum innovation and1,055 words
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Page 22 Advertisements
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Advertisement1060 1999-05-29 22 In today's unpredictable and highly volatile technology climate the GET Solution (Globally Enabled Total Solution) is Advantest's winning ace card. We're committed to answering our customers' most specific needs and offering them a total solution. We'll break the threshold to get there with cutting edge R&D, winning sales support strategies1,060 words
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FORUM
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Article, Illustration243 1999-05-29 23 I REFER to the* recent announcement by the I lousing Board (HI)B) on yet another reduction of the housing grant. It said that 80 per cent of first-timers are buying resale flats with the grant rather than staying in the queue for a243 words
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Article270 1999-05-29 23 I REFER to my letter on the subject of PSA’s logistics activities in Singapore, “No such subsidiary, no such service", and Mr Cherian George's reply (ST, May 26). Mr George's original article, “Look out for GLCs’ anti-competitive effects” (ST, May 23), was about the activities270 words
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513 1999-05-29 23 I HAVE no sympathy for the Japanese authorities, and much less for right-wing extremists who continue to downplay Japanese atrocities during World War 11. Although our economies have become intertwined over the years and we maintain good diplomatic relations with Japan, the failure to513 words
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313 1999-05-29 23 I REFER to the letter “Many Singaporeans are not selfish" by Bhatt Dev (ST, May 24). I too believe that there are many Singaporeans who are unselfish and considerate. But I regret that I have yet to experience a similar act of kindness. I am313 words
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Article, Illustration385 1999-05-29 24 CHONG GHEE KIN - Oil CHONG GHEE KIN FROM June 1, speeding drivers who tear down the roads here will meet their match in eagleeyed cops armed with new portable speed cameras. The three new cameras use the latest in laser technology. They can be deployed everywhere and can targetTAN SI \\ \\\ - 385 words
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485 1999-05-29 24 I RAID VII IBRAHIM - Election could be held at any time from May 31 to Aug 31, with dates for nomination and polling days to be announced Oil /I RAID VII IBRAHIM IN THE first official word on this year's Presidential Election, the authorities have invited aspiring485 words