The Straits Times : Weekly Overseas Edition, 21 August 1999
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1999-08-21
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The Straits Times : Weekly Overseas Edition
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Title Section17 1999-08-21 1 The Straits Times Weekly Edition 1999 Price: S$ 1.20 (in Singapore) Elsewhere by subscription only MITA 074/08/9917 words
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870 1999-08-21 1 ZURAIDAH IBRAHIM - Problems in relationship with Government not the reason; Cabinet was worried his health would affect duties, says PM Bt/ 1 ZURAIDAH IBRAHIM THE Prime Minister on Tuesday made clear that the Government had not opposed President Ong Teng Cheong’s re-election870 words
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Page 1 Advertisements
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Advertisement66 1999-08-21 1 C M M UNIT Y Why Are They So Happy? Clue: This couple, together with 149 others, will have something to celebrate about come Sept 9, 1999. PAGE 6 Sports Well Done, Singapore! This is the Singapore National Olympic Council’s assessment of its athletes’ performance at the 20th SEA Games66 words
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PRIME NEWS
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Article, Illustration725 1999-08-21 2 ZI'RAIDAH IBRAHIM - He says he will be guided closely by the Constitution, but recognises that the new office will require some moulding By ZI'RAIDAH IBRAHIM MR S. R. Nathan was elected President in a no-surprise walkover on Wednesday and will be sworn in at the Istana onTAN SI AN ANN - 725 words
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Article514 1999-08-21 2 At his press conference on Wednesday, Mr S.R. Nathan fielded questions on everythingfrom the role of the elected president to whether he will move into the Istana. Q: OPPOSITIOS politicians have said that the lack of a contest diminishes your mandate. Although you know that514 words
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276 1999-08-21 2 THE different races here, including the Chinese-speaking ground, are behind him, said President-elect S.R. Nathan. He cited, as an example, the multi-racial turnout at the People’s Association nomination centre on Wednesday. He made this point in a reply to a journalist from Chinese daily276 words
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Article, Illustration282 1999-08-21 3 Singapore's final tally 23 golds 4' SINGAPORE ended the last South-east Asia Games of the millennium with an impressive tally of 23 gold medals. A pair of victories in the table tennis singles final on Sunday helped the Republic to a final golden haul of three beyond the target asUAMIF.ZAOBAO - 282 words
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Article668 1999-08-21 3 RAVIVELLOOR - SCOUTING FOR FOREIGN TALENT Bn RAVIVELLOOR ADDING its weight to the foreign talent debate, DBS Bank has laid its cards on the table starkly: management taient makes ail the difference, and it has no choice out to scout internationally if it wants to be a worid-class regional668 words
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Article641 1999-08-21 3 WALTER FERNANDEZ - A liberalisation blueprint, ready in a few months, wilt remove protection for local players By WALTER FERNANDEZ SINGAPORE’S insurance industry-, which has lagged international developments for many years, is in for a dramatic shake-up. This will come in the form of a detailed “liberalisation blueprint” for the641 words
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PARLIAMENT
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592 1999-08-21 4 Unanimous decision as Mr Ong’s illness had already developed into high-grade lymphoma PRESIDENT Ong Teng Cheong’s low-grade lymphoma developed into high-grade iymphoma more than a year ago, said Prime Minister Goh Chok long. He disclosed this after several MPs pressed him to explain592 words
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Article, Illustration190 1999-08-21 4 The Straits Times finds out from doctors the difference between high grade and lotc grade lymphoma. What is the lymph system? It is a collection of organs, vessels and tissues, including the bone marrow, the spleen, the liver and the lymph nodes, which cluster around the neck,Source the BRITISH MEDICAL ASSOCIATION; Tlh\ CHI NC ri\C. - 190 words
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149 1999-08-21 4 PRESIDENT Ong Teng Cheong has made significant contributions as Singapore’s first Elected President, Prime Minister Goh Chok Tong said on Tuesday. He took his job seriously and helped test the powers of the new institution. He also helped iron out ambiguities in the powers of the149 words
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Article916 1999-08-21 4 DR RICHARD HU’S ministerial statement addressed tour issues raised by President Ong Teng Cheong in his July 16 press conference. In his point-by-point clarification, the Finance Minister described the problems as “neither fundamental nor intractable". FY9B HAD $925 M BUDGET SURPLUS SINGAPORE wrapped up its recession916 words
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HOME
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410 1999-08-21 5 SHARON VASOO - Immigration authorities are recommending raising penalty to 10 years’ jail and caning, up from current two years’ jail and Tine »1 SHARON VASOO PENALTIES for those who smuggle illegal immigrants out of Singapore will be raised if recommendations by immigration authorities here are accepted410 words
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Article, Illustration401 1999-08-21 5 LYDIA LIM - Bt, LYDIA LIM SINGAPORE will have its first woman permanent secretary on Oct 1, when Madam Lim Soo Hoon is promoted to the post at the Ministry of Community Development. She is now- Deputy Secretary (Policy), Public Service Division, and will take over from MrW.\N I IM - 401 words
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Article, Illustration321 1999-08-21 5 CHONG CHEE KIN - Bu CHONG CHEE KIN THE Singapore Police Force now has its first woman commander of a division. She is Deputy Superintendent Ng Guat Ting, 37, and on Monday, she took over the Clementi division from DSP Jerry See, who is moving to head the force's Training Command. She1 US I NRIQCE VSCII - 321 words
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Article, Illustration499 1999-08-21 6 HO KA WEI; atul TAN HUIYEE - So auspicious-sounding is the date that some even queued up overnight at ROM for a slot HO KA WEI atul TAN HUIYEE IF ROLAND LORE had it his way, he would many his girlfriend at 9.45 am on Sept 9, 1999Nine sounds likeSIM chi vis - 499 words
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Page 6 Miscellaneous
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Miscellaneous1061 1999-08-21 6 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 Word1,061 words
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SPORTS
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SEA GAMES IN BRUNEI
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Article623 1999-08-21 7 SANTOKH SINGH - Contingent chief is happy with athletes' performance and the Republic's fourth-place finish By SANTOKH SINGH IN BRUNEI WELL done, Singapore that in a nutshell was the Singapore National Olympic Council’s assessment of its athletes’ performance at the 20th SEA Games which concluded in Brunei on623 words
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Article, Illustration386 1999-08-21 7 On Sunday, chef-de-mission Tan Eng Liang gave nis assessment of Singapore's performance at the Brunei Games. His bottomline: Well done Singapore, but some sports could have done better Peddler Duan Yong Jun after winning the singles gold yesterday Diving for another gold is JoscelinSource SINGAPOH NATIONAL OLYMPIC COUNCIL; C CHANDRADAS - 386 words
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MALAYSIA
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Article, Illustration661 1999-08-21 8 BRENDAN PEREIRA - No one from both sides of the political divide is spared the name-calling, the intensity of which is unprecedented Bu BRENDAN PEREIRA IN KI’ALA LUMPUR NAME-CALLING is fast becoming an art form in the runup to Malaysia's general election, with no one being spared, not661 words
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485 1999-08-21 8 KUAIA LUMPUR Malaysia will ask the International Civil Aviation Organisation (ICAO) to let it take over control of its commercial air traffic from Singapore in 2002. Government sources told Berita Marian Malaysia that the Department of Civil Aviation (DCA) was preparing485 words
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369 1999-08-21 8 Bernama KHABAROVSK (Russia; While Malaysian Prime Minister Datuk Seri Dr Mahathir Mohamad has so far avoided telling when he will call for the general election, he dropped some hints here on Monday bysaying the situation now- is “much better" than a few months agoBernama - 369 words
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SOUTH-EAST ASIA
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Article, Illustration290 1999-08-21 9 TRIXIA ENRIQUEZ; CARUNGCONG - By TRIXIA ENRIQUEZ CARUNGCONG BILATERAL relations between Singapore and Indonesia remain strong despite misunderstandings and conflicts which are inevitable in relationships, outgoing Indonesian Ambassador H. B. L. Mantiri said on Tuesday. “I believe Singapore and Indonesia enjoy a unique and special relationship and I prayVI PHONSOCHAN - 290 words
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286 1999-08-21 9 The nation’s many problems overshadow occasion, as Habibie asks for more time to act while Megawati demands solutions Reuters, AFP JAKARTA Indonesia raised the national flag on Tuesday to mark its 54th anniversary of independence from the Dutch. President B. J. Habibie led aReuters,; AFP - 286 words
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364 1999-08-21 9 Reuters SYDNEY Pro-independence East Timorese leader Jose Ra-mos-Horta has warned of an economic war which could see hackers plant viruses in Indonesia’s computer systems if Jakarta refuses to accept a vote for independence in East Timor on Aug 30. Writing in The Sydney Morning HeraldReuters - 364 words
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376 1999-08-21 9 EDWARD TANG - By EDWARD TANG THAILAND CORRESPONDENT BANGKOK Gripped by depression and stress brought on by the economic crisis, Thais are turning to the mystical realm for answers to their earthly problems. There is evidence to suggest that in the past two years, more376 words
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COMMENTARY
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Article598 1999-08-21 10 MONDAY AVGUST 16,1999 THE early review of the Central Provident Fund (CPF) cut shows that, just as the Government is quick to get Singaporeans to accept unpalatable measures when an economic crisis demands it, it is not a laggard in restoring benefits when the economic situation598 words
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Article596 1999-08-21 10 WEDNESDAY AVGUST 18,1999 Separatism in restive Aceh, long a festering sore in the Indonesian body politic, is now an open wound that cannot heal unless the central authorities in Jakarta bite the bullet and take urgent remedial action. But this is not going to happen anytime soon596 words
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Article, Illustration739 1999-08-21 10 SIA CHEONG YEW - My vote for super mother goes t o... SECOND LAST WORD By! SIA CHEONG YEW READERS of The Sunday Times this week could not have failed to notice the unusual number of women and girls featured in the newspaper for their achievements in business, sports or at home. Two stories,739 words
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Article, Illustration818 1999-08-21 11 y DOMINIC: NATHAN - MY VIEW By y DOMINIC: NATHAN SINGAPORE Power generated record profits of $.904 million for the last financial year despite electricity sales going up by only 2.6 per cent last year, the lowest since 194 H. A remarkable set ofumwc mo - 818 words
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Article817 1999-08-21 11 IRENE HOE - Bring chequebooks not gifts VIEWPOINT By IRENE HOE THIS is the road not yet travelled; this, the path I have to take. The signposts all say the same thing: Approaching 50. It ages my mother just to think about it: That her youngest child is about to hit the half-century817 words
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CPF newsline A CORPORATE NEWSLETTER OF THE CPE BOARD
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Article, Illustration620 1999-08-21 12 / 13 The CPF Board's Risk Classification System (RCS) also provides investors with a useful gauge of their own risk tolerance, and gives them an idea of how long they should stay invested. The bull had quite a good run on the Singapore bourse in recent months.620 words
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Article, Illustration1394 1999-08-21 12 / 13 In any investment, there is always a risk involved risk and reward sit on the same see-saw. So. there will never be any investment that is a ‘sure-win’, sometimes you win sometimes you lose. It is with this in mind that the CPFIS emphasises1,394 words
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Page 12 / 13 Advertisements
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Advertisement11 1999-08-21 12 / 13 /QUALITY CLASS ANOTHER PUBLIC COMMUNICATION EFFORT BY A QUALITY CLASS ORGANISATION11 words
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INSIGHT
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Article, Illustration1375 1999-08-21 14 As the Vice-Chancellor of the National University of Singapore for the past IS years, Professor Lim Pin has brought about significant changes to the way undergraduates study and lecturers teach. He tells M. NIRMALA why he embraces change welcomes competition and finds it difficult to sayI.IM M\ THAI - 1,375 words
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491 1999-08-21 14 BACK in 1965, Professor Lim Pin could have chosen a different route. After obtaining his medical degree in Cambridge University on a Queen's Scholarship, and given the political and economic uncertainties in Singapore, he could have joined his friends who stayed behind491 words
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Article, Illustration1156 1999-08-21 15 ASAD LATIF - THINKING ALOUD ASAD LATIF A GREAT cry went up when the Group Representation Constituency scheme was introduced more than a decade ago, obliging parties to include minority candidates on their slates for multi-ple-seat wards. Here, it was said, was another instance of1,156 words
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933 1999-08-21 15 CHIALEE HOONG - LAST WEEK IN POLITICS B; CHIALEE HOONG THE sabres were in full wield last week. From Karachi to Pyongyang to Beijing, demonstrations of military could have hogged the headlines: India shoots down a Pakistani patrol plane; Islamabad retaliates by targeting missiles at Indian933 words
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MONEY
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355 1999-08-21 16 THE Singapore stock market put on a resilient performance this week despite the cloud of uncertainty that hung over equity markets worldwide over US interest rate worries. Dealers said investors sentiment were apparently lifted by good news on both the domestic and foreign fronts. News355 words
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Article76 1999-08-21 16 Straits Times Index TIm Straits Timas Indtx rose 117.74 points In the wood to 2,087.42. DAY CLOSE TURNOVER Monday 1,998.59 (+28.91) 145.9m ($313.3m) Tuesday 1,983.52 (-15.07) 135.5m ($292.0m) Wednesday 2,048.88 (+65.36) 281.6m ($503.3m) Thursday 2,070.02 (+21.14) 296.7m ($548.5m) Friday 2,087.42 (+17.40) 825.1m ($815.4m) BT-SRI Index The BT-SRI76 words
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Article1832 1999-08-21 16 Company Date ann Net earn TY LY <$m) ($m) EPS TY LV lets) let» AsiaPac Brow Jun 11 1 28.597 37.235 11.3 14.7 Alexandra Jun 30 P 0436 9.575L 1.45 32L Advanced Sys Jun 23 P 14.093L 12.004 I2L 10.6 Acer Auq 13 1 8.621 0.352 5.20 0.211,832 words
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Article174 1999-08-21 16 BONUS ISSUE ExBooks Acc Company Ratio date close Paymt IOT Hldgs one-for-four Aug 13 Aug 20 Aug 31 RIGHTS ISSUE ExBooks Acc Company Ratio date close Paymt DBS Land Renounceable Rights Issue on the basis of 1 for every 4 existing snares held at $2.30 per Rights share.174 words
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Article65 1999-08-21 16 Company Description OUS Proposed Bonus Iss of 7,812,500 New Ord Shares of SS1.00 each on the basis of One for every Four shares In the capital of OUS. OUB Proposed Reorganisation of the Share Cap of OUB involving a special Bonus issue of new shares for the purpose65 words
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Article129 1999-08-21 16 Company Place Date Time SIA A Mandarin Ballroom 6th Floor South Tower Mandarin Hotel 333 Orchard Rd S'pore<*****7) Sep 11 9.30am Chevalier A Balmoral Hall ill Pinetree Town Country Club 30 Stevens Rd S'pore (*****0) Sep 10 10.00am Ktppel Tet Lee Fin c 325 Telok Blangah S'pore (*****1)129 words
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Article867 1999-08-21 16 Payment (cts) Ex date Books close Pay date Australand A50c 0 A3 Jul 30 Aug 6 Aug 2C Avimo 20c 1 2.25 Jul 20 Jul 27 Aug 12 Aztech 5c 1 0.1TE Jul 12 Jul 19 Aug 2 Bukit Semb t> 20 Aug 26 Sep 2 Sep 15867 words
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Article1552 1999-08-21 17 UNIT TRUSTS FUNDS Aug 21,1999 Managers' prices (S$) UNIT TRUSTS Aberdeen Asset Mqt Aim ltd Aberdeen S’pore GrFd 1.680 1.766 Aberdeen Select Portfolio American Opport Fq 1.025 1.077 Continental Euro Eqty Fd 1.010 1.061 Japan Eqty Fd 1.371 1.441 Asian Fixed income Fd 0.955 0.984 Pacific Equity Fd!** 1.140 1.1981,552 words
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375 1999-08-21 17 NG WEI JOO - All but nine of the 54 funds record positive returns, according to an investment consultant’s rating system «>/ NG WEI JOO CPF-APPROVED funds have done well with all hut nine of the 54 available funds chalking up positive absolute returns during the second quarter of375 words
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Article, Illustration543 1999-08-21 17 KELVIN WONG - Bti KELVIN WONG US-BASED disk-drive maker Western Digital axed 325 workers at its Singapore plant last Friday, announcing they are among 2,500 employees who will be laid off by the end of the year. The company said it is shifting its high-voiume production fromGEORGE GASCON - 543 words
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Article4037 1999-08-21 18 MULTI INDUSTRY 52-Wk Curr Last Vol Day Or'* N#t M Cap Wt Avg High LOW Company Traded Sal* ♦or000 High Low Dlv P/E $mll Pric# >82 17.5 129 ♦6 342 133 124 10 10.6 213.4 126 B4 25 46 ♦4.5 9: 47 43.5 18.8 38 42 1144,037 words
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Article1071 1999-08-21 19 52-Wh High Low Curr Last Company Traded Salt ♦orVol •ooo Day High Low Gr's Dlv% Ntt P/C M Cap $mll Wt Avg Pric* MANUFACTURING 218 30 e AS Auto 10c 188 •1 565 196 187 10 N 214.7 172 13T 45 c ASJ Hidgs 20c 97.5 •0.5 7 97.51,071 words
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Article1446 1999-08-21 19 BONDS, LOANS WARRANTS Transaction date: Aug 20,***** 52-Wk High Low Compony Last Solo ♦Of Vo. *000 Day Hlqh Low Lost Quota Buyor Sailor Wt Avq Prlco 104 3 i A Actr W*****1 U$$ ...52 ♦6 1318 53 46 51.5 52 80 4.5 t Acm* W*****4 ....40 ♦6 367 40 361,446 words
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Article150 1999-08-21 19 (9am, Aug 20) Buying 00 Selling Singapore dollar! to ont unit otforeign currancv Australian dollar 1.0590 1.0740 Canadian dollar 1.1120 1.1360 NZ dollar 0.8790 0.8980 Starling pound 2 6990 2.7280 US dollar 1.6720 1.6840 Singaport dollars to 100 units ot foraign eurraney Austrian schilling 12 84 13.11 Belgian Iranc150 words
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INSURANCE INDUSTRY CHANGES
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Article413 1999-08-21 20 CHEEJANNPERNG - Agent upgrading and Internet sales are just two ways in which firms can tackle liberalisation B<r CHEEJANNPERNG INSURANCE companies here said on Tuesday that they would beef up the quality of their agency forces and put more emphasis on using new ways to seil their413 words
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Article296 1999-08-21 20 NG WEIJOO - NG WEIJOO SMALLER insurance companies will have to join forces with the bigger players when the industry is opened up as they cannot hope to escape from “the foibles of being small", said AIA senior vice-president and general manager Bill Beaty. He was responding to296 words
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474 1999-08-21 20 LEONG CHAN TEIK - B*l LEONG CHAN TEIK WARRANTS of C K Tang which had soared earlier this year on rumours of a takeover of the retailer have come to a grievous end. All but about 4,000 warrants out of the 17-9 million issued expired worthless474 words
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Article, Illustration363 1999-08-21 20 Bi/ KALPANA RASHIWALA - Bi/ KALPANA RASHIWALA ALLGREEN Properties has put up its Tanglin Place building for sale by tender and market watchers expect it to fetch about $3B million. Located on a 16,476 sq ft plot at the corner of Tanglin and Tomlinson roads, the property isALBERT MM - 363 words
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Page 19 Advertisements
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Advertisement15 1999-08-21 19 Buy It. Sell It. Find It. Classified. o CAT.S. Call Today For Results Tomorrow. 1800-737-116615 words
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Page 21 Advertisements
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Advertisement352 1999-08-21 21 THE MINISTRY OF FOREIGN AFFAIRS Established when Singapore gained its independence in August 1965, the Ministry of Foreign Affairs is tasked with safeguarding and promoting Singapore's interests through effective diplomacy. With a network of 39 overseas missions located around the world supporting the work of our headquarters in Singapore, a352 words
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Page 22 Advertisements
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Advertisement840 1999-08-21 22 The Straits Times Weekly Edition Singapore Airlines invites applications for the following appointment: STATION MANAGER Requirements You should possess a good Honours degree (or its equivalent) in any discipline. In addition, you must be service-oriented, have an outgoing personality and proven leadership qualities. Responsibilities You will be responsible for airport840 words
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FORUM
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710 1999-08-21 23 I REFER to Senior Minister Lee Kuan Yew’s recent comments on Singlish. I disagree strongly with several points he has made. SM I.ee cited the example of how’ the Government promoted the use of standard Mandarin by highlighting its proper usage over radio710 words
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Article, Illustration430 1999-08-21 23 SENIOR Minister Lee Kuan Yew has called on all Singaporeans to speak in standard English. He also states that our TCS Chinese show's convey “standard" Mandarin. First, in the English language of today and the future, there is no “standard” or “proper" English, according430 words
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450 1999-08-21 23 We, as parents, cannot sit back and hope that the Government, or some public-interest group, will protect our young. MUCH has been said in the past few weeks about the media inculcating the wrong values in our young. But many miss a simple450 words
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601 1999-08-21 24 CHI A MCI HOONG; and LYDIA LIM - S’pore with its small population cannot produce enough talent and foreigners are needed By CHI A MCI HOONG and LYDIA LIM GETTING foreign talent to Singapore is the one critical factor that can make or break Singapore's future, Senior Minister Lee Kuan601 words
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Article, Illustration293 1999-08-21 24 ZUZANITA Z ARABIA - Oil ZUZANITA Z ARABIA THE Television Corporation of Singapore announced on Thursday that it would put a check on the use of Singlish in its local English dramas and sitcoms. Even Phua Chu Kang (above), one of its most popular sitcoms, will have293 words
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511 1999-08-21 24 Speaking at the Tanjong Pagar National Day dinner last Saturday night, Senior Minister Lee Kuan Yew spelt out the disadvantages of Singlish. Singaporeans need to speak and read proper English to connect with the rest of tlie world. “LET me511 words