The Straits Times : Weekly Overseas Edition, 7 August 1999
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1999-08-07
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The Straits Times : Weekly Overseas Edition
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Title Section20 1999-08-07 1 The Straits Times Weekly Edition Saturday August 7,1999 Price: S$ 1.20 (in Singapore) Elsewhere by subscription only MITA (P) 080/08/9820 words
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Article, Illustration376 1999-08-07 1 – ZURAIDAH IBRAHIM - ZURAIDAH IBRAHIM PRESIDENT Ong Teng Cheong on Tuesday bade a final farewell to his wife of 36 years as Mrs Ong Siew May was cremated in an unadorned yet dignified ceremony. Just before 4 pm, the First Indy’s cortege led by her two sons madeJEHOMI MINC - 376 words
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Article, Illustration628 1999-08-07 1 ZURAIDAH IBRAHIM - Ambassador-at-large says he has come forward out of sense of duty. He may be walkover winner Bij_ ZURAIDAH IBRAHIM MR S.R. Nathan yesterday put himself up as a potential candidate for the elected Presidency and looks set to emerge as the walkover winner on Aug628 words
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Page 1 Advertisements
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Advertisement69 1999-08-07 1 S 1> O R T S Lions Into SEA Games Semis The national team drew with Indonesia in Brunei to make it into the semis. Man of the moment was substitute Ahmad Latiff Khamarudin. pages t Money Prices of Private Homes Soar Developers’ strategy launch fewer homes than you can69 words
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PRIME NEWS
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536 1999-08-07 2 DENNIS CHAN - Time-frame being reviewed. It has to incorporate timing of other changes affecting brokers DENNIS CHAN THE Government may consider freeing brokerage commissions on share trading ahead of schedule. Speaking in Parliament on Wednesday, Deputy Prime Minister Lee Hsien Loong said that the time-frame536 words
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Article, Illustration349 1999-08-07 2 JUSTICE Chao Hick Tin, 57, has been appointed a permanent appeal judge of Singapore's highest court. TTie judge, who has been on the Supreme Court Bench for 12 years, will now sit regularly on the Court of Appeal with Chief Justice Yong Pung How, 73, andLAC KOOK KONG - 349 words
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Article, Illustration440 1999-08-07 2 SUSAN SIM - «V SUSAN SIM INDONESIA CORRESPONDENT JAKARTA Indonesia’s political parties finally moved out of limbo on Tuesday when President B. J. Habibie formally validated provisional election results which showed his rival Megawati Soekarnoputri's partv leading a crowded field. Seizing the initiative from the National Election Commission (KPU),440 words
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394 1999-08-07 3 HO KA WEI - *L HO KA WEI ORCHARD Road now has a cy-ber-mall, from where shoppers from all around the world can buy items and have them ex-press-delivered to their homes. The cyber-mall, at www.or-chard-road.com, is the creation of local multimedia company Mania Holdings Private Limited, which394 words
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Article590 1999-08-07 3 JASON LEOW - NTUC chief asks for gradual restoration as economy is recovering sooner than expected «!L JASON LEOW THE labour movement wants the Government to start restoring the CPF cut sooner than planned in the light of the recovering economy. The chief of the National Trades Union590 words
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Article, Illustration61 1999-08-07 3 COLLAPSE: Two adjoining pre-war shophouses along Kim Yam Road collapsed on Tuesday, the second such incident to hit the stretch. While no one was injured when a shophouse in the same row collapsed last April, seven foreign workers doing renovation work in the units were hurtWONCKWAICHOW - 61 words
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435 1999-08-07 3 CHL A ME I HOONG - a± CHL A ME I HOONG THE National Council of Social Service will launch Social Service 21, a blueprint to bring the sector into the 21st century, later this year. One key objective of the plan is to inject more professionalism into the435 words
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PARLIAMENT
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Article307 1999-08-07 4 RETRENCHMENTS this year will be “significantly fewer" than the 29,000 laid off last year. But the number will still be higher than the 10,000 to 11,000-a-year norm before the economic downturn hit last year, Manpower Minister Lee Boon Vang said in Parliament on Wednesday.307 words
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482 1999-08-07 4 THE merger of the Stock Exchange of Singapore (SES) and the Singapore International Monetary Exchange (Simex) will take place on Dec 1 with the setting up of a new holding company called Newco. At the same time, both exchanges will be demutualised, that482 words
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Article, Illustration708 1999-08-07 4 BG Lee says statutory boards, govt-linked companies put US$l47 million into SIP project DEPUTY Prime Minister Lee Hsien Loong on Tuesday quashed talk that the Government had lost $3O billion as a result of the Suzhou Industrial Park project. As of Aug 1. statutory boards708 words
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Article448 1999-08-07 5 Manpower Minister says they may get representation for issues like retrenchments, dismissals TRADE unions for rank-and-file workers may he allowed to represent junior and middlelevel executives on issues such as retrenchments, dismissals and other grievances. Manpower Minister Lee Boon Yang said this on Tuesday in448 words
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Article310 1999-08-07 5 EACH year, 1,500 children, or around 2 to 3 per cent of the eligible age cohort, fail to register for Primary 1 in mainstream schools. About 70 to 80 per cent of this group are eventually enrolled in such schools, or in special schools for disabled310 words
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Article, Illustration586 1999-08-07 5 WHEN public transport companies are represented in the Public Transport Council (PTC), how effective a watchdog can the body be? Nominated MP Lee Tsao Yuan pointed this out and asked if the presence of these firms meant that the PTC had difficulty earning586 words
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274 1999-08-07 5 THE Government does not control the editorial policy of newspapers but will censure them when newspaper editorials are not in the national interest, Minister for Information and the Arts Lee Yock Suan said in Parliament on Wednesday. He was responding to274 words
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HOME
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506 1999-08-07 6 SALMA RIIALIK - They tell SMC that US hospital is advertising and ask if all its staff are from approved universities *L SALMA RIIALIK FIFTY doctors in private practice have written to the Singapore Medical Council to ask if a different set of rules apply to the doctors506 words
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Article, Illustration361 1999-08-07 6 LEONG WENG RAM - Hu LEONG WENG RAM A NEW 21-member school board with 11 new faces and a woman was elected unopposed at The Chinese High's extra-or-dinary general meeting (EGM) on Wednesday night. Among the newcomers are several professionals, including physician Ho Nai Kiong, Pci Chun Primary361 words
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Article350 1999-08-07 6 C7/O. YC;CHEERIN - C7/O.YC;CHEERIN A NEW crackdown on illegal parking is expected to start by October, in the form of private parking wardens pounding the beat. Eight companies have put in tenders for the pilot project, and the police are considering each carefully. Traffic Police commander Rajoo Gopal told350 words
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Article, Illustration108 1999-08-07 6 NATIONAL DAT: This fireworks-spewing stiltwalker is one of the highlights of this year’s National Day Parade. There will he five times more sparklers this year set off at the National Stadium, and many more will lighted much closer to the audience. In fact, they will108 words
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Article, Illustration848 1999-08-07 7 President Ong offers glimpses into the life of his wife, the First Lady, in his eulogy at her funeral HE MET her when she was 15, they went out on dutch dates, read poetry to each other, and shared married life for .36 years. Nobody knew LingCF.OHCF. GASCON; I’ICTCKK cot H I I S\ 01 OM. I Will.l - 848 words
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Article147 1999-08-07 7 PARLIAMENT on Tuesday observed a two-minute silence its a mark of respect for the late First Lady. MPs in the packed 1 louse, dressed in sombre colours, bowed their heads in silence after Parliament approved a motion by Prime Minister (lob (,'hok Tong to express deep147 words
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Article424 1999-08-07 8 SANDRA DAVIE - Non-academic activities like sports, community work to be assessed, included on diploma l±L SANDRA DAVIE A YEAR from now, Temasek Polytechnic students who climb mountains or do community service will have it count towards their diplomas. The polytechnic is planning to grade its students for424 words
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Article, Illustration340 1999-08-07 8 DEBBIE GOH - AM K: Tomato town I±L DEBBIE GOH TO THE residents of Ang Mo Kio, the time is ripe to have a symbol of their own. And, odd as it may seem, they have picked the tomato. A big statue of the vegetable is likely to be put up in theJOYCE KANO - 340 words
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Page 8 Miscellaneous
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Miscellaneous1061 1999-08-07 8 RADIO SINGAPORE INTERNATIONAL (ENGLISH) PROGRAMME SCHEDULES 1100 1400 Hours (GHT) 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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Article281 1999-08-07 9 SANTOKH SINGII - SOCCER !*!L SANTOKH SINGII IT WAS a goal worthy of winning the SEA Games soccer competition final, but all it did was confirm Singapore’s place in the semi-finals. For the Lions, who came back from a goal down to tie Indonesia 1-1 at the Hassanal281 words
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SEA GAMES
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Article, Illustration428 1999-08-07 9 CIIAN TSE CIIIEEN - IhL CIIAN TSE CIIIEEN HE IS 65 while she is just 13 years old. But lawn bowler Chai Hon Yoong and swimmer Nicolette Teo have one thing in common they are both making their debut at the SEA Games, which opens in Brunei today. Both428 words
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Article126 1999-08-07 9 DO YOUR best, be good sportsmen and always respect your colleagues from neighbouring states, advised Singapore National Olympic Council president Teo Chee Hean last Friday. He was officiating at the SEA Games flag presentation ceremony before 280 officials and athletes at the Toa Payoh Swimming Complex.126 words
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330 1999-08-07 9 i KELVIN PHANG - BADMINTON Bn i KELVIN PHANG SOME of world’s best badminton players will be coming for what may well be the last Konica Cup Singapore International Championships. The five-star tournament also the fourth-richest in the world will be staged at the Singapore Indoor Stadium330 words
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MALAYSIA
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Article509 1999-08-07 10 DOUGLIS WONG - Move not anti-Chinese or motivated politically, Bank Negara says after shares fall 4.4% O J By DOUGLIS WONG in KUALA LUMPUR BANK NEGARA said on Monday that its bank merger plan “would not jeopardise the interests of minority shareholders nor victimise any one party”509 words
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257 1999-08-07 10 The Star/Asia News Network IPOH Malaysian Prime Minister Mahathir Mohamad has directed component parties of the ruling coalition Barisan Nasional (National Front) to get into the election mood and has indicated that he will call for a general election any time. He saidThe Star/Asia News Network - 257 words
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Article, Illustration91 1999-08-07 10 KL DOWNPLAYS HAZE: The Petronas Towers were almost blotted out by Wednesday’s haze in Kuala Lumpur. However, the government has decided not to overly publicise the capital’s Air Pollutant Index readings, so as not to “drive away the tourists”, Science, Technolog) and Environment Minister Law Heng DiengAFP - 91 words
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Article340 1999-08-07 10 BerNAMA KUALA LUMPUR Police have carried out more than 1,700 raids on brothels and entertainment outlets in the first six months of the year in efforts to prevent Kuala Lumpur from becoming a “sex city". Kuala Lumpur CID chief Senior Assistant Commissioner Mat Zain IbrahimBer- NAMA - 340 words
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SOUTH-EAST ASIA
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412 1999-08-07 11 State of emergency declared as visibility drops; traffic in Malacca Straits also affected ment. Jakarta Post/Asia News Network, AFP, Reuters, Bernama JAKARTA A state of emergency has been declared for land, air and sea travel in Riau province after smoke from forest firesment. Jakarta Post/Asia News Network, AFP, Reuters, Bernama - 412 words
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Article129 1999-08-07 11 IN BATAM AFP JAKARTA Thousands of refugees who had fled from ethnic bloodshed on Batam have returned home. A report said last Friday 8,000 had fled the industrial island last week after 17 people were killed in ethnic clashes. A Batam Social Services staff member said the officeAFP - 129 words
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362 1999-08-07 11 EDWARD TANG - EDWARD TANG I II \ll WDCOKKIM'ONDI VI BANGKOK Drug abuse in Thailand has risen sharply due to the widespread availability of amphetamines, which has overtaken heroin as the No. 1 threat in the country. There was a total of 177,424 drug offences last362 words
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Article194 1999-08-07 11 IN SOUTH SULAWESI The Jakarta Post/ Asia News Network JAKARTA The government said an estimated 470,000 refugees are now' taking shelter in the South Sulawesi capital of Ujungpandang after fleeing unrest in the troubled provinces of Maluku, East Timor, Aceh and Irian Jaya. The secretary-general of the– The Jakarta Post/ Asia News Network - 194 words
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Article, Illustration70 1999-08-07 11 OVER 100 DEAD This is all that remains after a hillside housing estate in a Manila suburb collapsed on Tuesday due to a landslide. It was caused bv heavy rain and an overflowing dam, resulting in one of the Philippines’ worst floods in years. The destruction has70 words
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277 1999-08-07 11 Y t iet Nam News/Asia News Network HO CHI MINH CITY’ Vietnamese women are starting to make inroads into what was once an exclusively male domain taxi driving. Over the past few years, more and more female taxi drivers have popped up around HanoiYtiet Nam News/Asia News Network - 277 words
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COMMENTARY
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Article574 1999-08-07 12 SATURDAY JULY 31,1999 UNTIL recently, among all of Indonesia’s thousands of islands, Batam could safely be called an oasis of peace in a troubled archipelagic nation. Not anymore. With the recent outbreak of ethnic violence on the industrial island, where foreign investors have ploughed billions to crank574 words
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Article609 1999-08-07 12 TUESDAY AUGUST 3,1999 ASEAN'S credibility, stretched ever since the Asian financial crisis wreaked havoc on the once-robust South-east Asian economies, is on the line again. Is there any hope from last week's flurry of meetings for Asean to salvage its battered image? Yes, provided the 10 member-states609 words
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Article, Illustration770 1999-08-07 12 808 NG - SECOND LAST WORD *IL 808 NG THE response to Metro’s novel initiative last month to promote graciousness among Singaporeans has been less than gracious. Many question the motive behind its move to "build a more gracious Singapore”, alter a survey it had commissioned showed that some770 words
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Article, Illustration1049 1999-08-07 13 CHUA MUIHOONG gives her impressions of a closed-door forum co-organised by The Institute of Policy Studies on S2l Moving Forward. MINISTER of State for Defence and Information and the Arts David Lim has a dream. He would like to see the day whenCHKAHSIN ANN ANI> M)\NI l i t - 1,049 words
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839 1999-08-07 13 KARAMJIT KAt'R - Hi KARAMJIT KAt'R SINGAPOREANS have a lot of ideas, and they do not lack the initiative or drive to take the first steps to realise these ideas. They come up with brilliant notions, like growing vegetables without soil, and go on to make aeroponic839 words
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INSIGHT
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Article, Illustration1861 1999-08-07 14 Why is it so hard to say ‘I want to be Presiden t'? In about three weeks a netv President will be installed but who is standing for the post and what does this say about the politieal culture in Singapore? ZURAIDAH IBRAHIM examines these questions. IN 1993, when Mrson konm.i s - 1,861 words
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1156 1999-08-07 15 CHLA LEE lIOONG - THINKING ALOUD By CHLA LEE lIOONG TVVO Australian women, aged 34 and 40. both social workers, came to Singapore for a holiday. They had read in “South-east Asia on a Shoestring", a travel guide, that Dcsker Road was a famous tourist spot, so,1,156 words
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1002 1999-08-07 15 CHLALEE lIOONG - LAST WEEK IN POLITICS By CHLALEE lIOONG THE Chinese government's crackdown on the Falungong movement has gathered an inexorable pace with the order for the arrest of sect leader Li Hongzhi. In one week, thousands of followers have already been arrested. Together with1,002 words
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MONEY
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327 1999-08-07 16 SURPRISINGLY strong corporate results have failed to lift investor sentiment in the broader market. The Straits Times Index (STI) fell 7b.55 points to 2,069.22 for the week as rising tension between China and Taiwan, and US interest rates worried investors. Volume was light, with an327 words
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Article86 1999-08-07 16 Straits Times Index The Straits Times Index dropped 76.5S points on the week to 2,069.22. DAY CLOSE TURNOVER Monday 2,128.65 (-17.12) 473 m ($612.9 m) Tuesday 2,143.37 14.72) 297 m ($542.2 m) Wednesday 2,144 0.63) 300.2 m ($457.6 m) Thursday 2,082.13 (-61.87) 321.5 m ($536 m) Friday86 words
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Article1819 1999-08-07 16 Company Oata ann Net earn TY LY ($m> <$m) EPS TY LY (Ctf) (Ctl) AsiaPac Brew Jun 11 1 28.597 37.235 11.3 14.7 Alexandra Jun 30 P 0.436 9.575L 1,45 32L Advanced Sys Jun 23 P 14.093L 12.004 12L 10.6 Auric Mar 12 P 5.B21 3.849 4.50 3.101,819 words
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Article175 1999-08-07 16 BONUS ISSUE ExBooks Acc 6 Company Ratio date close Paymt IOT Hldqs on#*for-four Aug 13 Aug 20 Aug 31 RICHTS ISSUE ExBooks Acc Company Ratio date dost Paymt DBS Land Renounceable Rights issue on the basis of 1 for every 4 existing shares held at $2.30 per Rights175 words
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Article57 1999-08-07 16 Company Description Koh Renounceade Rights Issue Brothers ot up to 47,967,000 warrants carrying the Right to subscribe lor new Ordinary shares ol 10c each at an issue price of Sc lor each warrant on the basis ol one warrant lor every live •xistmq Ord Shares of IOC each57 words
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Article150 1999-08-07 16 Company Place Date Time SIA A Mandarin Ballroom 6th Floor South Tower Mandarin Hotel 333 Orchard Rd S'pore<*****7) Sep 11 9.30am Teledata E The Board Room 230 Victoria Street 812-00 Buqis Junction Towers<*****4) Auq 27 2.30pm ITE E 128 Joo Seng Road «04-03 (*****6) Aug 27 9.30am TransitMixed150 words
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Article823 1999-08-07 16 Payment (cts) E» data Boohs close Pey dete Australand ASOc 0 A3 Jul 30 Auq 6 Auq 26 Avimo 20c 1 2.25 Jul 20 Jul 27 Auq 12 Attach 5c 1 0.1 TE Jul 12 Jul 19 Auq 2 Burnt Semb b 20 Auq 26 Sap 2 Sap823 words
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Article1568 1999-08-07 17 UNIT TRUSTS FUNDS Aug 7,***** Managers' prices (S$) UNIT TRUSTS Abenfeen Asset Mgt Asu lid Aberdeen S pore Gr Fd 1.724 1.812 Aberdeen Select Portfolio American OpportEd 1.030 1.083 Continental Euro Eqty Ed 0.991 1.042 Japan Eqty Ed 1.300 1.366 Asian Fixed Income Fd 0.956 0.986 Pacific Equity Ed!** 1.1591,568 words
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Article, Illustration583 1999-08-07 17 ByKALPANA RASIIIWALA - Developers’ strategy control supply to drive up prices is working, latest figures show By KALPANA RASIIIWALA I.AUNCH fewer homes than you ean sell, dry up supply and drive prices up. The strategy by developers has paid off to the tune of an583 words
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Article444 1999-08-07 17 SUSAN SIM; and WALTER FERNANDEZ - Delay for SembGas $14b deal? lit) SUSAN SIM INDONESIA correspondent mid WALTER and WALTER FERNANDEZ IN SINGAPORE SEMBGAS' USS 8 billion (5513.6 billion) deal to buy natural gas from Indonesia is likely to be delayed badly by a hitch in the construction of the undersea pipeline from Indonesia to Singapore,444 words
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Article4427 1999-08-07 18 Transaction date: Aua 6,1999 l IVII UO Ivo Of J MULTI INDUSTRY 52-WN High Low Company Curr Last Traded Sale ♦orVol •000 Day High Low Gr's Div Net M Cap P/E Smll Wt Avg Price 182 17.5 m d Acma 50c 128 ♦1 100 128 124 104,427 words
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Article1084 1999-08-07 19 sz-m High Low Curr Last Company Tradad Sala ♦Of Vol '000 Day High Low Gr'a Dlv Nat P/C M Cap $mll Wt Avg Price MANUFACTURING 218 30 c AS Auto 10c 174 •4 255 179 171 10 N 198.7 177 137 45 c ASJ Hidqs 20c 83 2 11,084 words
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Article1425 1999-08-07 19 BONDS, LOANS WARRANTS Transaction date: All 9 6,***** 52 Wk High Low Company Lott Sole ♦or* Vol '000 Doy High Low Last Quota Buytr Sailor Wt Avg Price 104 3 s 'Acor W*****1 USS 40.5 ♦0.5 305 44.5 40 40.5 41 80 4.5 s Acma W*****4 38 unch 98 391,425 words
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Article145 1999-08-07 19 (9am, Auq 6) Buying 00 Selling Singapore dollars to one unit of foreign currency Australian dollar ***** 1.1050 Canadian dollar M070 1.1310 NZ dollar 0.8830 0.9010 Sterling pound 2.6910 2.7200 US dollar 1.6700 1.6820 Singapore dollars to 100 units of foreign currency Austrian schilling 12.96 13.24 Belgian franc 4.420145 words
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Article, Illustration765 1999-08-07 20 DENNIS CHAN - The flagship company’s earnings grow 32% and its banking arm’s profits are up four times Hit DENNIS CHAN THE Keppel group unveiled the last of its interim results on Thursday those of flagship Keppel Corporation and Keppel Tat Lee Bank on an upheatPhoto M him SIM - 765 words
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479 1999-08-07 20 WALTER FERNANDEZ - /V By WALTER FERNANDEZ THE Government will set up a multi-agency debt market committee to encourage more public and private bind issues and to speed up Singapore's transition from a nascent bond market into a leading Asian debt hub. Announcing this on Thursday,479 words
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407 1999-08-07 20 KELVIN HONG - Ru KELVIN HONG MALAYSIAN lawyers have told the Securities Investors Association of Singapore (Sias), the representative body for disgruntled Clob investors, that its members have grounds to pursue a legal claim to unlock their frozen shares. This was revealed last Friday by its president, Mr407 words
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Page 19 Advertisements
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Advertisement13 1999-08-07 19 Buy It. Sell It. Find It. Classified. Call Today For Results Tomorrow. 1800-737-116613 words
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Page 21 Advertisements
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Advertisement1101 1999-08-07 21 The Straits Times Weekly Edition APPOINTMENTS (fi National Dental Centre The National Dental Centre (NDC) functions as the principal referral centre for dental disciplines, provides training for postgraduate dentists N dental students and engages in clinical research. We arc inviting suitably qualified candidates for the following position: Operations Executive Reporting1,101 words
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Page 22 Advertisements
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Advertisement906 1999-08-07 22 Join the exciting world of magazines TIMES PERIODICALS, Singapore's leading magazine publisher, invites promising individuals to be part of its vibrant and talented team. Account Manager You will work together with the Group Account Manager to service and manage an existing group of clients as well as build up a906 words
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FORUM
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Article576 1999-08-07 23 I AM writing in response to two articles published in The Straits Times on July 29- Both Sumiko Tan's “Minorities disadvantaged?” and Irene Ng’s “Stage set for independents” touch on the importance of the people’s choice in electing a new president. Their arguments warrant further analysis.576 words
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Article, Illustration602 1999-08-07 23 I READ with interest the recent debate regarding Singlish and Standard Singapore English. Phua Chu Kang (PCK), a local sitcom, has been under fire for its slant of “promoting” Singlish and its subsequent and seemingly powerful influence on impressionable children. While it is true that Phua Chu602 words
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Article199 1999-08-07 23 CREATIVE thinking has been a very hot topic in the educational scene over the past few years. Educators have been urged to encourage creative thinking among tneir students to help Singapore become an intelligent island. In class, students are bombarded by their teachers with statements like “use199 words
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221 1999-08-07 23 I REFER to the recent letters on retirement villages. NTUC Income has been exploring the development of retirement villages in Singapore for many years. Our concept of these is a lively community that provides an enhanced quality of life to independent retirees. This village will221 words
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Article, Illustration725 1999-08-07 24 REBECCA LEE - Three Spore banks impose fees on customers whose account balances fall below a minimum By REBECCA LEE THREE of the five local banks OCBC. Overseas Union Bank (OUB) and United Overseas Bank (UOB) have started levying service charges on savings accounts which fall below a725 words
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291 1999-08-07 24 ELITE racehorses and jockeys will compete in Singapore for $3 million, the biggest prize ever offered in the local racing circuit, and the seventh largest in the world. The Singapore Airlines (SIA) International Cup, to be held in March next year to291 words
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Article352 1999-08-07 24 HO AI LI - HO AI LI FROM Monday, Singaporeans visiting the United States for 90 days or less for holiday or business will no longer need a visa. The US State Department announced officially on Tuesday that as of next week, travellers from Singapore, Portugal and Uruguay352 words