The Straits Times : Weekly Overseas Edition, 14 August 1999
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1999-08-14
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The Straits Times : Weekly Overseas Edition
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Title Section20 1999-08-14 1 The Straits Times Weekly Edition Saturday August 14,1999 Price: S$ 1.20 (in Singapore) Elsewhere by subscription only MITA (P) 080/08/9820 words
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618 1999-08-14 1 PM reports strong 6.7% growth in second quarter, but cautions recovery is far from complete SINGAPORE’S economy is expected to grow by 4 to 5 per cent this year after a very strong second quarter, which grew by 6.7 per618 words
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Page 1 Advertisements
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Advertisement82 1999-08-14 1 H M E Independent EP? No Such Thing The elected president, his role, why the next president should not be Chinese. SM Lee explains this relatively new institution. page 3, 4 Sports Jos Makes It Six In Brunei The 20-year-old student proved she is the undisputed Queen of the Pool82 words
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PRIME NEWS
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Article579 1999-08-14 2 AHMAD OSMAN - Whether contributions go back to E re-recession rate of2o-20 will e looked at, but part of cut may be restored by Jan, says BG Lee By AHMAD OSMAN WORKERS may see part of their CPF cut restored as early as January, but the Government579 words
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Article, Illustration419 1999-08-14 2 CHIEF Justice Yong Pung How tops this year's National Day Awards list. He has been awarded the Order of Temasek (First Class), a rare honour that has been given to only five Singaporeans so far. CJ Yong, 73, was conferred the award419 words
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Article, Illustration69 1999-08-14 2 The Singapore Armed Forces on Monday offered a first look at its new infantiy assault weapon, the likely replacement for the Ml 6 that is now standard issue for national servicemen, in full-page advertisement for Army 21 the army’s vision for the 21st century.69 words
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470 1999-08-14 2 Bt/ WALTER FERNANDEZ - By Bt WALTER FERNANDEZ SINGAPORE Power (SP), fresh from reporting record profits of $904 million for the year ended March 31, is applying to raise electricity tariffs to cover the cost of more expensive fuel. Disclosing this on Thursday, its president and chief470 words
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Article, Illustration480 1999-08-14 3 LIM SENG JIN - *L LIM SENG JIN WEALTHY businessmen brothers Raj Kumar and Asok Kumar Naraindas were each sentenced to a year in jail for criminal breach of trust (CBT) by the High Court yesterday. This followed a successful appeal by the prosecution against the brothers’480 words
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Article723 1999-08-14 3 ZURAIDAH IBRAHIM - Senior Minister Lee says there can be only one source of power, and that the position was not meant as an executive office B£ ZURAIDAH IBRAHIM THE elected President was never intended to be an executive office to contest the government’s power, Senior Minister Ix?e Kuan723 words
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Article511 1999-08-14 3 IRENE NC - Oil IRENE NC MR S.R. Nathan’s candidacy for President was not decided by Mr Lee Kuan Yew alone but was considered by the Cabinet after the Senior Minister had suggested his name be in a shortlist. Mr Lee said in an interview that he wanted to511 words
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HOME
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THE ELECTED PRESIDENCY
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Article, Illustration657 1999-08-14 4 In an intervieiv Senior Minister Lee Kuan Yetv debunks misconceptions about the role of an elected president and speaks on the importance of rotating the position among the races. ZURAIDAH IBRAHIM and IRENE NG report. WANT a check on the government? The answer does657 words
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Article, Illustration249 1999-08-14 4 YUSOFISHAK ‘He was a very good President, very courteous, quite shrewd, took his job seriously. I think his one failing, if I can fault him, is he became a recluse. He didn’t want to get involved in people asking him, friends asking him favours and so on.249 words
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Article157 1999-08-14 4 WISDOM “What you want is a wise man, who, if everything is going fine, just carries on as before. You know, the surveillance machinery is there. If something is going wrong, somebody is going to tell you, either you or the Council of Advisers, or it will157 words
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Article, Illustration476 1999-08-14 5 GOVERNMENT ministers endorsed Mr S.R. Nathan as eminently qualified to be elected president, with his considerable experience in government, the private sector and his common touch. Home Affairs Minister Wong Kan Seng, who knew the ambassador-at-iarge from the time they worked together in the Ministry of DefenceSHIN MIN - 476 words
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Article284 1999-08-14 5 MR NATHAN, who made his presidential bid at the urging of Senior Minister Lee Kuan Yew and other VIPs, received the full backing of the National Trades Union Congress on Saturday. NTUC president John de Payva said that Mr Nathan had approached him three days earlier284 words
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Article453 1999-08-14 5 ZU RAID AH IBRAHIM - Trained in social work, the civil servant and ambassador has dealt with a hijacking and US outrage Bu ZU RAID AH IBRAHIM MR S.R. Nathan may have been a low-profile civil servant for a large part of his career, but he has found himself in453 words
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Article120 1999-08-14 5 THERE are two other presidential hopefuls. Democratic Progressive Party leader and veteran opposition campaigner Tan Soo Phuan showed up the Elections Department with his application form fast Saturday. He was accompanied by his son Tan Lead Sheak. The elder Tan, 63, who turned up in his trademark120 words
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Article74 1999-08-14 6 SHOPPING in Singapore is losing its lustre. Of 12,000 visitors surveyed hist year, only 55.4 per cent gave shopping here the nod, a big fall from 1997’s 86.2 percent. It fared even worse in terms of value for money. Last year, 15.9 per cent said shopping here74 words
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Article559 1999-08-14 6 SALMA KHALIK - Rotary convention and big jump in tourists from Indonesia help boost arrivals in first half; 6.7 m visitors due in this year Bti SALMA KHALIK SINGAPORE may host as many as 6.7 million visitors this year, 500,000 more than last year, if revised predictions come true.559 words
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Article, Illustration372 1999-08-14 6 BOOST IN IMAGE, STATUS SINGAPORE Bus Services drivers will call themselves bus captains from now on, in a move meant to boost their image and status and motivate them to provide better public service. They started wearing “I'm your friendly bus captain" badges fromA7.I7IHSSIN - 372 words
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404 1999-08-14 6 LEONG WENG KAM - Oil LEONG WENG KAM A MINISTRY of Education audit team moved into The Chinese High and Hwa Chong Junior College last Friday to review their management practices and determine if they are ready to manage themselves. Sources said the team, comprising six officers404 words
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Article213 1999-08-14 6 LYDIA LIM - LYDIA LIM AT LEAST five names have been proposed for Nominated Members of Parliament three by the professional panel set up to suggest candidates and one each by the labour movement and the public. Dr Jennifer Lee, 47, CEO of KK Women’s and Children’s Hospital,213 words
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NATIONAL DAY PARADE '99
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Article, Illustration179 1999-08-14 7 President Ong gave this response when asked about his feelings on the last National Day Parade of his term. AS THE saying goes, no feast lasts forever. With a heavy heart, I bid farewell to my fellow Singaporeans in my capacity as the President of Singapore. As 1179 words
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Article, Illustration571 1999-08-14 7 CHANG AI-LIEN - Fireworks, roaringjets, music and even a touch of comedy thrill crowd 0f65,000 at stadium in a glittering show of nationhood Bu CHANG AI-LIEN THE heartbeat of Singapore pulsed loud and strong in the National Stadium on Monday evening. It soared high with the fighter571 words
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Article, Illustration557 1999-08-14 8 EVELYN YAP - It wants to build the $2-million village to give a rural touch to its huge commercial complex Hi, EVELYN YAP A S2-MILLION “kampong” in the heart of the city should be up and running by next July. Suntec City Development submitted to the authorities in557 words
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Page 8 Miscellaneous
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Miscellaneous1062 1999-08-14 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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SEA GAMES IN BRUNEI
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Article, Illustration230 1999-08-14 9 Singapore’s Queen of the Pool collects two more golds, again in record-breaking times JOSCELIN Yeo collected two more South-east Asia Games swimming golds to be the undisputed Queen of the Pool in Brunei. Victories in the 50 m freestyle and the 400 individual medley put230 words
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Article, Illustration376 1999-08-14 9 SANTOKH SINGH - By SANTOKH SINGH IN BRUNEI IN THE end, justice was served at the SEA Games when the two best football teams made it to the final. Thailand defeated Singapore 2-0 at the Hassanal Bolkiah National Stadium while at the adjacent Hassanal Bolkiah Sports Complex,376 words
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Article63 1999-08-14 9 I’lblralla 1 flhli 1 Correct at press time Gold Silver Bronze TOTAL Malaysia 50 37 34 121 Thailand 49 40 40 129 Indonesia 38 33 42 113 Singapore 18 21 39 78 Vietnam 17 20 25 62 Philippines 15 22 33 70 Brunei 3 12 25 40 Myanmar63 words
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MALAYSIA
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Article, Illustration68 1999-08-14 10 Malaysian mariner Azhar Mansor, 41, arrived in Langkawi to a hero’s welcome late on Wednesday after his six-month round-the-world odyssey. About 4,000 people led by Prime Minister Mahathir Mohamad greeted the yachtsman, who made history by becoming the first person to make the trip via a new east-westMIKE M DIZON - 68 words
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Article, Illustration525 1999-08-14 10 BRENDAN PEREIRA - His sentence is shortened to over a year in jail. He says he plans to holiday abroad with family BRENDAN PEREIRA IN KUALA LUMPUR A MALAYSIAN businessman, whose arrest for a firearms offence last year sparked former deputy prime minister Anwar Ibrahim’s freefall from power, had525 words
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305 1999-08-14 10 The Star/Asia News Network, Bernama Bernama KUALA LUMPUR A special task force has taken over from the Johor state police’s investigation into the robbery-cum-murder of Johor Baru deputy chief, Superintendent Mazlan Jamil. Inspector-General of Police Norian Mai said the task force comprised senior police— The Star/Asia News Network, Bernama; Bernama - 305 words
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205 1999-08-14 10 PETALING JAYA More than 70 prominent businessmen and their senior executives have been barred from leaving Malaysia. The Sun reported on Thursday that the move followed the recent crackdown by the Securities Commission (SC), against those contravening the Securities Industry Act and the Securities205 words
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SOUTH-EAST ASIA
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399 1999-08-14 11 SUSAN SIM - By SUSAN SIM INDONESIA CORRESPONDENT JAKARTA Hampered by a weak intelligence network and stung by accusations that it is committing murder in Aceh in its efforts to capture separatists, Indonesian military chiefs have ordered field troops to go on a charm offensive399 words
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Article, Illustration69 1999-08-14 11 Acehnese youths from the Semut Merah (Red Ant) anti-violence fighters group salute during training at an undisclosed location in North Aceh over the last weekend. The group, which includes men and women over 12 years old, was set up as a resistance body to fight alleged military69 words
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Article528 1999-08-14 11 EDWARD TANG - Measures, which include loans to firms, perks for home buyers, cheer analysts but not investors EDWARD TANG THAILAND CORRESPONDENT BANGKOK Thailand on Tuesday unveiled a multi-bil-lion-dollar stimulus package which included loans to companies and incentives for home buyers to boost its economy, tipped to grow for528 words
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Article258 1999-08-14 11 YEOH EN-LAI - Oil YEOH EN-LAI THE Batam Industrial Development Authority (Bida) will introduce a work permit system to curb the number of Indonesian job-seekers flooding the island. Bida chairman Ismeth Abdullah, last Saturday blamed an oversupply of labour for the recent clashes there between the Bataks and258 words
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208 1999-08-14 11 MANUKA A Philippine presidential investigation into a landslide at a Manila housing estate which killed more than 70 people said on Monday that the developer of the project was aware that the ground was unstable but ignored the danger signs. It also said the208 words
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COMMENTARY
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Article599 1999-08-14 12 MONDAY AUGUST 9,1999 THERE was no na-tion-state called Singapore when this millennium began. But as the Republic celebrates its last National Day of the millennium today, it is natural to wonder what the next 1,000 years or even the next 100 years will bring. The signs of599 words
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Article602 1999-08-14 12 SATURDAY AUGUST 14,1999 WITH a walkover victory virtually certain on Aug 18, Nomination Day, Mr S.R. Nathan is set to become Singapore’s next elected president. He is, without any shadow of doubt, eminently suited for the job by virtue of his qualifications and personal attributes. A602 words
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Article, Illustration897 1999-08-14 12 CHUALEEHOONG - SECOND LAST WORD CHUALEEHOONG MONDAY, August 9th, 7 pm, driving with friends to a seafood dinner. The roads had been extraordinarily clear all the way. Then, along Rochor Road, traffic began to slow. The reason was soon evident. Glimpses of red flashed intermittently through the897 words
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Article, Illustration1073 1999-08-14 13 SANDRA DAVIE - The best school may not be the right school MY VIEW B'l SANDRA DAVIE IT IS that time of the year again when parents throw common sense out of the window and let ambition get the better of them as they jostle to enrol their children for Primary 1 inLI’DWIG IMO - 1,073 words
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Article707 1999-08-14 13 FELIX SOH - EYE ON THE WORLD FELIX SOH DARK clouds formed and the skies rumbled in throaty insouciance. Then, the heavens opened up and the rain pelted down. So, what is newsworthy about a tropical storm breaking over Pekanbaru in Sumatra, which I visited last year? A707 words
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INSIGHT
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Article, Illustration1798 1999-08-14 14 It has been nearly 10 years since NMPs made their mntroversial bote in trie House. Have their performances made up for their lack of electoral mandate? How will the scheme evolve? IRENE NG gives an appraisal of the system. NOMINATED MP Claire Chiang hasCHE AH SIN ANN - 1,798 words
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Article, Illustration1071 1999-08-14 15 HAN FOOK KWANG - THINKING ALOUD 8,, HAN FOOK KWANG THEY say a week is a long time in politics, and at times over the last few weeks, the country did seem to age quite a bit. President Ong Teng Cheong’s revelations that he had some problems in1,071 words
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943 1999-08-14 15 c:hua iii lIOONG - LAST WEEK IN POLITICS By c:hua iii lIOONG SINGAPORE’S political system is a work in progress. That this is so has been increasingly evident in the past month, and over the next couple of weeks, we will have more occasion to943 words
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MONEY
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353 1999-08-14 16 points to 1,969.68. — DENNIS TAN - points to 1,969.68. DENNIS TAN SINGAPORE shares endured a miserable week as negative external factors overwhelmed good news domestically. Analysts said investors shrugged off news that the Government had revised upwards the country’s full-year growth. Instead, they were preoccupied with interest-rate worries on signs that a353 words
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Article73 1999-08-14 16 Straits Times Index TIm Straits Timas Indax droppad 99.54 paints in tha waak ta 1,969.68. DAY CLOSE TURNOVER Monday 2,069.22 <-) 0 (SO) Tuesday 2.022.56 46.66) 194.6m ($341.9m) Wednesday 1,987.53 (-35.03) 246.0m ($427.2m) Thursday 2,012.81 (*25.28) 219.4m ($445.1m) Friday 1,969.68 43.13) 209.0m ($444.1m) BT-SRI Index Tha BT-SRIIndax73 words
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Article1826 1999-08-14 16 Company Data ann Net earn TV IV (Sm) <$m) EPS TV LV lets) lets) AsiaPac Brow Jun 11 1 28.597 37.235 11.3 14.7 Alexandra Jun 30 P 0 436 9.575L 1.45 32L Advanced Svs Jun 23 P 14.093L ***** 12L 10.6 Auric Mar 12 P 5.821 3 8491,826 words
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Article176 1999-08-14 16 BONUS ISSUE ExBooks Acc 6 Company Ratio data close Paymt IDT Hldgs ono*for*four Aug 13 Aug 20 Aug 31 RIGHTS ISSUE ExBooks Acc Company Ratio data close Paymt DBS Land Ranouncoablo Rights issuo on tho basis of 1 for ovary 4 existing shares hold at $2.30 par Rights176 words
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Article57 1999-08-14 16 Company Description Koh Brothtrs Renounceable Rights Issue Of up to 47,967,000 warrants carrying the Right to subscribe for new Ordinary shares of 10c each at an issue price of Sc for each warrant on the basis of one warrant for every five existing Ord Shares of 10c each57 words
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Article150 1999-08-14 16 Place Date Time SI* A Mandarin Ballroom 6th Floor South Tower Mandarin Hotel 333 Orchard Rd S'pore(*****7) Sep 11 9.30am Keppn TatLee Bk E 32S Telok Blanqah Rd S'pore (*****1) Sepl 10.00am Keppei Corpn E 325 Ttlok Blanqah Rd S'por# (*****1) Sep 1 11.00am National Kap E 1150 words
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Article834 1999-08-14 16 Payment (cts) Ex data Books dose P«Y data Australand ASOc 0 A3 Jul 30 Aug 6 Aug 26 Avimo 20c 1 2.25 Jul 20 Jul 27 Aug 12 Aztech Sc 1 0.1TE Jul 12 Jul 19 Aug 2 Bukit Same b 20 Aug 26 Sap 2 Sap 15834 words
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Article1557 1999-08-14 17 UNIT TWISTS FUNDS Aug 14,1999 Managers' prices (S$) UNIT TRUSTS Aberdeen Asset Mqt Asti Ltd Aberdeen S'pore Gr Fd 1.654 1.739 Aberdeen Siticl Portlotie American Opport Fd 1.016 1.067 Continental Euro Eqty Fd 1.009 1.060 Japan EqtyFd 1.280 1345 Asian Fixed Income Fd 0.956 0.985 Pacific Equity Fd!** 1.123 1.1801,557 words
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Article305 1999-08-14 17 CREATIVE Technology’s Mr Sim Wong Hoo does not want to be known as the soundcard maker anymore, but as the man who harnessed the Internet successfully to build on the company’s hardware capabilities. To realise this dream, he has created five separate and distinct business305 words
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Article, Illustration708 1999-08-14 17 RAVI VELLOOR - Earnings dragged down by a drop in net interest income but a special dividend of nine cents *L RAVI VELLOOR OCBC BANK last Friday reported a 22 per cent rise in interim group profits, but operating profit was hit as net interest income dropped with narrowingKU MUM) I I I - 708 words
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Article4343 1999-08-14 18 Transaction date: Aug 13,1999 MULTI INDUSTRY 52-Wk High Low Company Curr Last Traded Sale ♦orVol •000 Day i High Low Gr’s Net M Cap Dlv P/E Smil Wt Avg Price 182 17.5 119 •2 273 121 118 10 98 196.9 121 84 25 c Alliance Tech 394,343 words
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Article1057 1999-08-14 19 52-Wh High Low Curr List Company Traded Silo ♦or* Vol 000 Day High Low Or'» 01» Net P/t M Cap Smll Wt Avq Price MANUFACTURING 218 30 c AS Auto 10c 174 -6 303 177 172 10 N 198.7 174 137 45 c ASJ Hldqs 20c 82.5 2.5 21,057 words
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Article1397 1999-08-14 19 BONDS, LOANS WARRANTS n date: Aug 13, 1999 32-Wk High Low Company Lost Sale ♦orVol Day '000 High Last Ouote wt Avg Low Buyer Seller Price 104 3 t 'Acer W*****1 US$ 43 ♦5.5 545 43 37.5 42 43 80 4.5 i Acma W*****4 31 •1.5 159 32 30 311,397 words
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Article143 1999-08-14 19 (9am, Aug 13) Buying OD Selling Singapore dollars to on* unit of fortign currtncy Australian dollar t.0800 1.0950 Canadian dollar 1.1120 1.1360 NZ dollar 0.8760 0.8950 Stirling pound 2.6780 2.7060 1.6640 1.6750 Singapore dollars to 100 units of foreign currency Austrian schilling 12.81 13.08 Belgian franc 4.370 4.460 Chinese143 words
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Article, Illustration800 1999-08-14 20 N'ARENDRA AGGARWAL - Ministry is upbeat about full-year outlook after economy’s robust 6.7% expansion in 2nd quarter By N'ARENDRA AGGARWAL SINGAPORE’S economy is on a favourable growth path for the rest of the year and is likely to expand by 5 per cent, the upper end of theJAI.EHA lIASIIINI - 800 words
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301 1999-08-14 20 NIRMAL GHOSH - By NIRMAL GHOSH INDIA CORRESPONDENT BANGALORE Business has jumped at Singapore’s flagship investment in India, the International Tech Park in Bangalore 17 new companies have signed on recently. International Tech Park Ltd (ITPL) chief executive officer Goh Kok Huat told The Straits Times that301 words
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527 1999-08-14 20 COLIN TAN - Bu COLIN TAN RESALE Housing Board flat valuations continued their across-the-board slide for the 10th consecutive quarter and have shed almost a fifth of their average values since their peak at the end of 1996. Statistics released by the HDB a fortnight ago527 words
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Page 19 Advertisements
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Advertisement12 1999-08-14 19 Buy It. Sell It. Find It Classified. Call Today For Results Tomorrow.12 words
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Page 21 Advertisements
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Advertisement910 1999-08-14 21 The Straits Times Weekly Edition APPOINTMENTS SINGAPORE POWER Singapore Power invites a suitably qualified candidate for the post of: LEGAL OFFICER Requirements: LLB (Hons.) At least 3 years' working experience in corporate work after admission to the Singapore Bar Able to commence work as soon as possible Responsibilities: You will910 words
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Page 22 Advertisements
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Advertisement1165 1999-08-14 22 Shaping ASIA SembCorp Industries is Asia’s foremost engineering and technology services group. We have the expertise to provide multi-disciplinary solutions in infrastructure, marine engineering and information technology. What makes this all possible? Strong leadership and dynamic management team putting ideas and Economic ValueAdded drivers into action through a talented and1,165 words
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FORUM
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Article, Illustration381 1999-08-14 23 ELDERLY: Study best ways to employ them I REFER to the report "Set up job centres for aged" (ST, Aug 6). I applaud the recommendations of the inter-ministerial workgroup which is looking into the employment and employability of older people. it makes good economic381 words
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Article366 1999-08-14 23 I WISH the Government would look into the possibility and feasibility of setting up a national orchard for tne sake of posterity. Given the fact that there are so many varieties of fruit in South-east Asia, most of which were a common sight in Singapore366 words
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170 1999-08-14 23 WHEN I was young. I used to feel a tingling sensation in my spine whenever I sang “We Are Singapore". Every single hair on my back would stand on end. as if they were also standing to attention. Although 1 was far away170 words
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439 1999-08-14 23 AS A Singapore PR, I am amused by the ongoing fuss over Singlish. Initially challenged, I found the language and that’s what it is growing on me. If brevity is the soul of wit and communication, then Singlish will win any contest hands439 words
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519 1999-08-14 24 M. NIRMALA - Sl M. NIRMALA BOLD changes are being made to the National University of Singapore’s curriculum, including letting medical students take arts subjects and slashing lecture hours. The idea: to prepare undergraduates for jobs that have not even been invented yet. In an interview519 words
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Article, Illustration626 1999-08-14 24 DOMINIC NATHAN - Work on constructing the storage complex deep under disused quarry in Mandai has started Hu DOMINIC NATHAN THE Ministry of Defence (Mindef) broke new ground on Thursday to become Singapore’s first user of underground rock caverns. Construction has started on an ammunition storage complexSource: MINDff; POO HU ll WIN; Photo: WONC KWAI CHOW - 626 words