The Straits Times : Weekly Overseas Edition, 8 April 2000

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Total Pages: 24
1 24 The Straits Times : Weekly Overseas Edition
  • 19 1 The Straits Times Weekly Edition Saturday April 8,2000 Price: S$ 1.20 (in Singapore) Elsewhere by subscription only MITA 074/08/99
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  • 795 1  -  Innovation is not only for scientists, says PM Goh, calling for a mindset switch to help Singapore stay ahead CHUA MUIHOONG ICE kacang with durian and soursop. Traditional Chinese New Year yu sheng given an Italian twist with salmon,
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  • 134 1 Coming up next National Innovation Awards... Top awards to recognise sparkling innovation efforts will be launched by the Singapore Productivity and Standards Board, the National Science and Technology Board and Economic Development Board. ...and IQ circles The productivity movement will
    Illustration: MIEL  -  134 words
  • Page 1 Advertisements
    • 63 1 Litterbug Lookout It was a security camera and the Wong family found it mounted on the roof of the block opposite theirs. By then it had caught the litterbug. page 4 > Sports Father's Football Obsession An ex-champion boxer forks out $200,000 to customise his son’s education around his dream
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    • 1 1 *****1"*****6
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  • PRIME NEWS
    • 524 2  -  Undeterred by falls in tech stocks, media giant touts Asia One as the “blue-chip bridge to the Net” CHEE JANN PERNG MEDIA group Singapore Press Holdings is listing its Internet subsidiaiy, Asia One, which operates an award-winning website offering news, financial services, entertainment and shopping.
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    • 98 2 BARELY ON THEIR FEET: They were tired and their feet were sore but at least 50 people, including the couple Jean Yeo and Sebastian Lim (above), were still at it after four straight hours of folk dancing at the Ngee Ann City civic area on Sunday
      JOYCE FANG  -  98 words
    • 326 2  -  *L AHMAD OSMAN THE labour movement will not say “yes” to a blanket Central Provident Fund cut for workers except as a last resort, and when all industries are in trouble. Troubled companies can, in future, use the monthly variable component proposed by
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    • 293 2  -  ĔIL SALMA KH ALIK PREVENTION is better than cure. And these days, much cheaper too. To reduce the need for costly health care in the future, the Government will set up a new statutory board with a 850-mil-lion budget to spearhead efforts in
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    • 147 2  -  By CHANG AI-LIEN THE Government is pumping in $l5O million to jumpstart the interactive broadband multimedia industry and double the number of Singapore One users by the end of the year. The bulk of the money will be used to subsidise the costs of
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    • 456 3  -  Singapore Govt does not agree with ST columnist’s views, out was surprised by KL protest note in LYDIA LIM THE Singapore Government does not believe in Malaysiabashing or in putting down Malaysian Prime Minister Dr Mahathir Mohamad, said Prime Minister Goh Chok Tong on Thursday.
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    • 414 3  -  By MANASI RAJAGOPALAN SISTERS Daisy and Bella Pereira, born on Feb 1 five years apart, died within hours of each other and of the same illness. Both had diabetes and both died after being felled by a stroke on the same day. The sisters,
      CECILIA ALFRED  -  414 words
    • 438 3  -  §1 LYDIA LIM COMMUNITY Development Councils (CDCs) will not take over the programmes of volunteer welfare organisations (VWOs) or compete with them for funds or volunteers. People’s Association (PA) Deputy-Chairman Wong Kan Seng gave this reassurance in an interview with The Straits Times this
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    • 283 3  -  ?!L KAREN WONG A RAFFLES Institution schoolboy hacker has been ordered to design web pages to help parents ensure that their children surf the Internet without breaking the law. The court order part of the 200 hours’ community service the 16-vear-old must put
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  • HOME
    • 531 4  -  Celebrations include a maritime review at Marina South and a drive-past of military vehicles and hardware through housing estates *L SITIANDRIANIE SINGAPORE’S first National Day Parade of the millennium will have a dash of the old and a sprinkling of the new. This year’s parade
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    • 424 4  -  *L CHONG CHEE KIN A SECURITY camera trained secretly on a Sin Ming Avenue apartment for three days, after neighbours complained of littering by the occupants, has upset the family living there. The Wong family spotted the camera last week. It was mounted on
      AZIZHUSSIN  -  424 words
    • 528 4  -  Bil LIANG HWEE TING MUSLIMS who do not want to donate their kidneys will have to opt out in writing, if a proposed new law is passed. It makes provisions for the kidneys of Muslim Singaporeans and permanent residents aged
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    • 287 5 ABOUT one-quarter of retrenched workers drop out of the job market after they lose their jobs, a survey commissioned by the National Trades Union Congress (NTUC) has found. NTUC chief Lim Boon Heng gave the figure to reporters on Sunday, but
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    • 80 5 THE ROAD LESS TRAVELLED: visiting the cemetery during the Qing Ming Festival can be quite a task, what with the crawling traffic and huge crowds. Those making the annual pilgrimage to Bukit Brown Cemetery have to stop their vehicles along the PIE and climb up the
      ENRIQUE SORIANO  -  80 words
    • 328 5  -  *2 TAN 001 BOON THE Immigration Act, which deals with the crime of harbouring and employing illegal immigrants, is tough because it presumes that an accused is already guilty unless he proves that he is innocent. This is contrary to the crim-inal-law principle, which states
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    • 326 5 THE Government’s approach in its review of the media industry in Singapore is to strengthen, and not weaken, the local media. The Ministry of Information and the Arts (Mita) said last night that it is adopting this approach because the media here helps to
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    • 484 5  -  Mandatory penalty means deacon cannot be spared jail even though he rented flat to i O illegal immigrants unwittingly By ELENACHONG VERY sorry, but nothing can be done. You have to go to jail. This was Chief Justice Yong Pung
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    • 460 6 Islamic scholars’ association fears secular compulsory education will lead to the demise of madrasahs eventually ISLAMIC scholars and teachers have expressed uneasiness over the proposed introduction of compulsory primary education and said that the move would force madrasahs running primary classes to shut down. They
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    • 483 6  -  By LEONG WENG KAM SINGAPORE’S first skyscraper, Cathay Building, may be demolished for redevelopment soon, but the podium block that houses the cinema complex could be saved. The Preservation of Monuments Board (PMB) has identified the 1930 s building as a possible landmark for
      RANDY QUAN  -  483 words
    • 276 6  -  JULYN KANG A YOUTH who went drinking with five friends last Saturday night had to run for his life when men armed with parangs attacked his group. But Devendran Subramaniam, 19, could not escape his attackers and was slashed to death in Little India.
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    • 462 6  -  Bij] ELENA CHONG A SALESMAN set fire to the rubbish chute of his housing block no fewer than 14 times. And each time, when firefighters arrived, they found him nearby wearing a fireman’s uniform. Last Friday, Simon Lee Wing Hey, 22 described in court
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    • 506 7  -  New British laws will make it easy for firms facing shortage of skilled professionals to hire from Spore ALFRED LEE IN LONDON THE government is rushing through new laws to make it easy for British companies to recruit information-technolo-gy experts from Singapore, Malaysia
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    • 452 7  -  By KARAMJIT KAUR FANCY a cup of tea in the canteen while waiting to pay your traffic fine? At the new Traffic Police building in Übi Avenue 3, you can. Instead of having to stand in line, people need only pick a
      C CHANDRADAS  -  452 words
    • 271 7  -  By ELENACHONG A 19-YEAR-OLD youth, who molested and raped his stepmother, was sentenced to a total of nine years’ jail and nine strokes of the cane last Friday. The youth pleaded guilty to wrongfully restraining his 39-year-old stepmother during the molest
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    • 352 7 STUDENT Melvyn Lim has withdrawn from his Glaxo Wellcome-EDB scholarship, the Economic Development Board said last Friday. An EDB press statement said Mr Lim was awarded the scholarship in 1995 to study Electrical Engineering at Stanford University in 1997He was in his third year
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    • 583 8  -  Secondary-school student is first hit by a private school bus and then run over by a Tibs bus By I SHARON VASOO A 12-YEAR-OLD boy was killed after two buses hit him, one after the other, as he was crossing Bedok Reservoir Road last
      LIANHE ZAOBAO  -  583 words




  • Page 8 Miscellaneous
    • 1063 8 RADIO SINGAPORE INTERNATIONAL (ENGLISH) PROGRAMME SCHEDULES 1100 1400 Hours (GMT) 6015 KHz (49M BAND) 6150 KHz (49M BAND) MONDAY 1100 News 1109 Business Market 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 Word
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  • SPORTS
    • 1232 9  -  Despite his son’s lack of playing credentials, Rocky Selvarajoo won’t give up until he is a football hero §IL GERARD WONG IT HAS been 15 years since Rocky Selvarajoo retired as an unbeaten national boxing champion in six different weight divisions. But you would not have
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    • 222 9 EX-BOXER Rocky Selvarajoo thinks that the best years of a footballer are between the ages of 21 and 29. That is why he tailored his son’s education to ensure that it does not come in the way of the boy’s football opportunities. That
      TAN SUAN ANN  -  222 words
    • 304 9  -  By TAY CHENG KHOON LOH LIN KOK proved once again to be a wily strategist as he retained the presidency of the Singapore Amateur Athletic Association with a two-third majority last Friday. What was expected to be a tussle for the top
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  • MALAYSIA
    • 231 10 The Star/ Asia News Network KUALA LUMPUR It’s ours, lah! Malaysians are up in arms over an entry in the Oxford English Dictionary which attributes the much-loved “lah’ to Singapore rather than Malaysia. “LalT is among the 10,000 new and revised words to appear
      The Star/ Asia News Network; THE STAR/ASIA NEWS NETWORK  -  231 words
    • 404 10  -  The ruling coalition gets much-needed boost as it fends off PAS in the east-coast state BRENDAN PEREIRA MALAYSIA CORRESPONDENT KUALA LUMPUR Barisan Nasional retained a state seat in Pahang’s Sanggang constituency by-election by a bigger majority last Saturday, staunching the PAS tide in the east-coast state
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    • 362 10  -  By BRENDAN PEREIRA IN KUALA LUMPUR and SITIANDRIANIE IN SINGAPORE MR JAMES Puthucheary, a founder member of the People's Action Party (PAP), died on Monday after suffering from a stroke. The 77-year-old, who until a few years ago was a senior partner in one of
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    • 396 10  -  By BRENDAN PEREIRA MALAYSIA CORRESPONDENT KUALA LUMPUR Surprise 1: Former Finance Minister Tengku Razaleigh Hamzah last Friday publicly endorsed the top Umno tandem of Datuk Seri Dr Mahathir Mohamad and Datuk Seri Abdullah Badawi, asking party members to rally around the leadership. Surprise
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  • SOUTH-EAST ASIA
    • 549 11  -  But she is accused of being high-handed for proposing moves which disqualified challengers to her leadership By MARIANNE KEARNEY STRAITS TIMES JAKARTA BUREAU JAKARTA In a manner some here see as reminiscent of Golkar’s elections during the rule of former President Suharto, Vice-President Megawati Sukarnoputri
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    • 58 11 BANGKOK SINKING: A woman gets a helping hand from her boyfriend to climb up a footpath in Bangkok. The difference in the ground level indicates a serious land-subsidence problem. Bangkok is sinking at the rate of 1-2 cm a year because of uncontrolled exploitation of underground water in
      THE NATION  -  58 words
    • 744 11  -  By LUZ BAGUIORO PHILIPPINES CORRESPONDENT MANILA Public discontent with President Joseph Estrada continues to escalate, providing fertile ground for relentless demands for his removal. A number of modalities have been proposed by his critics and political foes: coup d’etat, impeachment, resignation and snap election.
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  • 583 12 MONDAY APRIL 3,2000 IT WAS good the Singapore Government hit the fast-forward button and opened up the telecommunications market two years earlier than originally planned. The impact is positive and immediate, like an electric charge to accelerate growth in a fast-changing industry. Up to $3 billion in fresh
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  • 580 12 WEDNESDAY APRIL 5,2000 INDONESIAN President Abdurrahman Wahid was cheered when he said that his government would propose that the next president and vice-president be elected directly by the people in 2004. Speaking at the opening of the first congress of the Indonesian Democracy Party-Perjuangan (PDI-P) in
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  • 789 12  -  SECOND LAST WORD CHUA LEE HOONG IT WAS with mixed feelings that I read the news (See Page 5) that about a quarter of the retrenched workers in a survey conducted by the National Trades Union Congress had dropped out of the labour market.
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  • COMMENT/PERSPECTIVE
    • 1136 13  -  THINKING ALOUD By CHUAMUI HOONG SINGAPORE is in a state of chum. The financial sector has been revamped in the last two years. The telecommunications industry, reborn as the infocommunications industry, is frothy with change. The electricity and gas markets will be deregulated. The process
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    • 912 13  -  MY VIEW By ASAD LATIF SHRILL demands to curb Singapore’s crow population are filling the air alarmingly. It would appear that crows have become a national threat and that, unless something is done about them, half of Singapore is done for.
      LUDWIG ILIO  -  912 words

  • INSIGHT
    • 2295 14 Come July, Community Development Councils will take over social-assistance programmes from the Ministry of Community Development and Sports. How will they work with volunteer welfare organisations? Will there be a conflict of interest? BRAEMA MAIHI and LYDIA UM examine the issues. CLEANER Madam Tuty
      NOEL ROSALES  -  2,295 words
    • 549 14 WHAT if there are differences between community development councils and voluntary welfare organisations? The National Council of Social Service, which represents more than 250 VWOs, will act as the bridge between the two and without sacrificing its role as an advocate for the
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    • 1281 15  -  LAST WEEK IN POLITICS By CHUALEE HOONG A MAN’S got to do what a man’s got to do. Yes, indeed. But what is that, when the wife gives birth to a new child? Should he carry on working, or take time off
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  • MONEY
    • 329 16  -  LeongChanTeik INVESTORS could be forgiven this week for first wondering if the market was headed for a bear phase and, then, just as quickly, entertaining thoughts of a possible bull run. All week, share prices made stomach-churning moves, triggered by Nasdaq’s violent plunges and rebounds. In
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    • 81 16 Straits Tines Index The Straits Times Index rose 17.92 points on the week to 2,150.51. DAY CLOSE TURNOVER Monday 2,071.68 60.91) 268.92 ($627.1 m) Tuesday 2,058.54 (-13.14) 251.08 ($666.81 m) Wednesday 2,055.3 3.24) 285.9 ($878 m) Thursday 2,111.51 56.21) 392.1 ($839.2 m) Friday 2,150.51 39.0) 390.78 ($786.5
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    • 1873 16 Company Date ann Net earn TY LY ($m) ($m) EPS TY LY (cts) (cts) ABR Hldgs Mar 21 P 4.370 1.452 1.87 1.03 ACE Dynamics Mar 23 P 0.797 0.758 0.90 0.99 Allgreen Mar 22 P 97.189 261.67L 10.1 36L Amara Hldgs Mar 28 P 2.252 2.122 0.39
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    • 204 16 BONUS ISSUE Company Ratio Exdate Books close Acc Paymt Sembcorp Marine First Enqq TIBS one-for-one one-for-one Apr 19 May 22 Apr 25 May 25 NA NA one-for-two Apr 04 Apr 07 NA RIGHTS ISSUE Company Ratio Exdate Books close Acc Paymt Republic H&R three-for-four@S1.00 Mar 22 Mar 27
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    • 155 16 Company Place Date Time Wah Shing A Lotus Room. Level 4 Tower Wing Block Shangn-La Hotel 22 Oranqe Grove Road S'oore (*****0) Jun 24 10.00am Keppei Tat Lee Bank A Board Room Keppei Tat Lee Bank 6th Storey Keppei Towers 10 Hoe Chiang Rd S'pore(*****5) May 31 10.30am
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    • 43 16 Company Description Hotel Proposed stock split of one Grand esixtinq snare of par vaiue $1.00 into two new shares of $0.50 each. ;n-principle approval from the Exchange has been received. L-Jacoberg Proposed bonus issue of one-for-two. ordinary snares of $0.10 each
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    • 1265 16 Payment (cts) Ex date Books close Pay date Acma 50c F 1.25 Jul 7 Jul 12 Jul 28 Allgreen 50c F 2.5 Jun 5 Jun 8 Jun 27 Auric Pac 50c F 2.68 May 3 May 8 May 23 Berger Intl25c b 0.125 Jun 15 Jun 20 Jul
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    • 1597 17 UNIT TRUSTS FUNDS Apr 8, 2000 Managers' prices (S$) UNIT TRUSTS Aberdeen Asset Mgt Asia Ltd Aberdeen Select Portfolio: Global Technology Fd!** 1.455 1.529 UK Blue Chip Fd!** 0.945 0.993 American Opport Fd 1.097 1.153 Continental Euro Eqty Fd 1.275 1.339 Japan Eqty Fd!** 1.616 1.697 Asian Fixed Income Fd
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    • 592 17  -  Telecom operator likely to pay up to slb for stakes in Malaysia’s Time Engineering and subsidiaries TAMMY TAN SINGAPORE Telecom has signed a ‘conditional’ agreement to take a minority stake in Malaysia’s Time Engineering in what could be its biggest, and most significant, Asian investment to date. Although
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    • 594 17  -  By_ SUKILOR A RECOVERY in the economy boosted advertising revenue for media group Singapore Press Holdings (SPH) and helped propel interim net profit to $201.6 million a 44.3 per cent jump over the same period in the previous year. The results, reported yesterday,
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    • 4077 18 Transaction date: Apr 7, 2000 MULTI INDUSTRY 52-Wk Curr Last Vol Day Gr's Net M Cap Wt Avg High Low Company Traded Sale ♦or* >000 High Low Div P/E $mil Price 182 78.5 140 cd +8 469 140 132 5 17.5 231.6 138 84 190.7
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    • 1168 19 52-Wk High Low Curr Last Company Traded Sale ♦orVol '000 Day Hiqh Low Gi^s Div Net P/E M Cap $mil Wt Avg Price MANUFACTURING 218 99 c AS Auto 10c 164 ♦4 1058 169 162 10 N 215.3 159 137 62.5 c ASJ Hldgs 20c 88 3.8 13.2
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    • 1571 19 BONDS, LOANS WARRANTS Transaction date: Apr 7,2000 52-Wk High Low Company Last Sale ♦orVol 000 Day Hiqh Low Last Ouote Buyer Seller Wt Avq Price 80 18 S Acma W*****4 22 +2.5 121 22 19.5 21.5 22 20 59 15 s AIITech W*****7 17 15 18 53 16 s Armstrong
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    • 148 19 (9am, Apr 7) Buying 00 Selling Singapore dollars to one unit of foreign currency Australian dollar 1.0200 1.0340 Canadian dollar 1.1660 1.1910 N2 dollar 0.8450 0.8630 Sterling pound 2.6920 2.7200 US dollar 1.7080 1.7190 Singapore dollars to 100 units of foreign currency Austrian schilling H.79 12.04 Belgian franc 4.020
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    • 334 20  -  After a long search, the Singapore Exchange names ABN-Amro Bank’s Thomas Kloet as CEO iiL IGNATIUS LOW IT HAS taken all of 18 months, but the Singapore Exchange (SGX) has finally named the man it wants at the helm. Mr Thomas Kloet, now
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    • 286 20  -  *L MOHD AZHAR KHALID THE Singapore Exchange (SGX) expects a record number of new listings this year compared to the 53 additions to its boards last year. This was disclosed by Mr Ho Yew Mun, senior vice-president of the SGX during a press conference on Tuesday
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    • 600 20  -  Ignatius Low TAKEN in the wrong spirit, Mr Thomas Kloet’s appointment as chief executive of the Singapore Exchange might well irk those working for the exchange’s equities trading arm the former Stock Exchange of Singapore (SES). After all, SGX’s main control tower its Office of
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    • 397 20  -  Bij RAVIVELLOOR OVERSEAS Union Bank on Monday unveiled plans to set up Asia’s first standalone Internet bank, saying it was willing to risk seeing its traditional bank wither as long as the new entity gains by drawing away as much from other banks.
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    • 146 20  -  Edna Koh OCBC Bank will ally with a foreign partner to set up an e-bank as a separate legal entity, a move that could place it among the first local banks to sail into these unchartered waters. This stand-alone bank, which will
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  • Page 21 Advertisements
    • 1180 21 The Straits Times Weekly Edition ST JOSEPH'S INSTITUTION LIBRARIAN We are looking for a qualified Librarian to manage the new Library in our school. You will be required to support the information and research needs of users, including resource management and development. You should have a professional qualification, preferably in
      1,180 words

  • Page 22 Advertisements
    • 981 22 MANUFACTURING ENGINEER Responsibilities: You will be responsible for co-ordinating the transfer of design from R&D to Manufacturing, establishing contract manufacturing sources for assembly and testing, and developing test standard/procedures and equipment requirement for manufacturing. You also need to develop quality control standards for manufacturing, and establish quality control systems and
      981 words

  • FORUM
    • 1347 23 PRIME Minister Goh Chok Tong’s recent indication that his Government will liberalise the licensing rules for public speaking is a promising step towards more openness in political discussion and participation. He has said that the Government was prepared to introduce a Speakers’ Comer with
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    • 326 23 I AM writing in response to the report, “Move to align law on Muslim kidney donors with the rest” (See Page 4), and the resulting letter by Mr Mohamad Azni Abdul Ghani, “Organ gift: Let it come from the heart” (ST, April 6). Based
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  • 785 24  -  Radical moves in store, with emphasis on creativity, innovation and solving people’s problems, not enforcing rules S!L IRENE NG EXPECT some radical changes in the civil service soon. It will be restructured to shatter the concept of the civil service as an iron rice
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  • 495 24  -  ?1L KAREN WONG HE SPOKE loudly on his mobile phone in a cinema and beat up the man who ticked him off for spoiling the movie. Now, full-time national ser- viceman Kwek Chen Siang, 18, will not be using his phone for a while.
    LUIS ASCUI  -  495 words