The Straits Times : Weekly Overseas Edition, 15 April 2000

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1 24 The Straits Times : Weekly Overseas Edition
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  • Title Section
    Lock icon Masthead
    19 1 The Straits Times Weekly Edition Saturday April 15,2000 Price: S$ 1.20 (in Singapore) Elsewhere by subscription only MITA 074/08/99
    19 words
  • Article
    Lock icon Gap between top and bottom earners wider now
    563 1  -  Govt will stress education, training, skills upgrading, creating jobs ana enhancing assets, says BG Lee Bn AHMAD OSMAN THE income gap between top and bottom earners in Singapore has started to widen as the highly skilled enjoy First World salaries while the
    563 words
  • Article, Illustration
    Lock icon Car explodes, driver burns to death
    312 1  -  By KARAMJIT KAUR and CHONG CHEE KIN A HONDA Civic burst into flames at a carpark in Hougang Avenue 8 early on Wednesday, burning to death the driver, its sole occupant. Residents of nearby blocks said loud explosions thundered through their neighbourhood at about
    SHIN MIN DAILY NEWS  -  312 words
  • Page 1 Advertisements
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  • PRIME NEWS
    • Article
      Lock icon Build a vibrant legal sector: SM
      402 2  -  The legal services must be up to the mark if Singapore is to work like Silicon Valley, he says Reports by r TANOOI BOON SINGAPORE lawyers need to keep abreast of legal developments and gain overseas exposure so that they can provide high quality
      402 words
    • Article
      Lock icon Prosecutions to be ‘more transparent’
      535 2 Prosecutions to be ‘more transparent STATEMENTS given to the police by an accused person will be made available to defence lawyers before the trial starts. In exchange, the lawyers will have to tell the prosecution how they intend to fight the case. This is one of several changes being planned,
      535 words
    • Article, Illustration
      Lock icon GRAND WELCOME:
      51 2 GRAND WELCOME Prime Minister Goh Chok Tong and his wife were accorded a warm welcome by Chinese Premier Zhu Rongji and his wife in Beijing on Monday. Mr Goh is in China on an official visit at the invitation of Mr Zhu. See report on Page 4 ALBERT
      ALBERT SIM  -  51 words
    • Article
      Lock icon Pay by card for govt purchases
      365 2  -  Bu RAVI VELLOOR IN A nod to the proliferation of the Internet, the Government says it will allow payment by credit cards for a range of purchases from it even if that means slightly higher transaction fees. A senior Ministry of Finance (MOF) official
      365 words
    • Article
      Lock icon Half pay for half-day's teaching
      592 3  -  New part-time package with perks to draw back to teaching retirees and mums who stopped work to raise kids Bu SANDRA DAVIE FORMER teachers including retirees and women who stopped working to care for their children will be drawn back to schools under a new
      592 words
    • Article, Illustration
      Lock icon CRANE COLLAPSE
      69 3 CRANE COLLAPSE l Two Bangladeshi workers died when a crane collapsed at a construction site in Pasir Panjang Road on Tuesday. The picture shows one of the dead victims being removed from the structure. The boom of the crane hit a fifth-floor working platform and, as fellow workers
      JOSE RAYMOND  -  69 words
    • Article
      Lock icon More women enter all-male arenas
      395 3 BUT FEW HAVE REACHED THE TOP RUNGS WOMEN in Singapore are making inroads into workplaces once ruled by men. In the last decade, more women have found jobs in areas such as management, engineering and information technology, although few have become top decision-makers. That is
      395 words
    • Article
      Lock icon Grassroots units told to sow seeds of kindness
      288 3 GRASSROOTS organisations should get involved in the kindness movement, said Prime Minister Goh Chok Tong last Saturday. Speaking at the launch of Kindness Week, which was kicked off with a two-day carnival at Suntec City, Mr Goh said that such groups had
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  • HOME
    • Article
      Lock icon Singapore and China reaffirm cooperation
      496 4  -  Close and longstanding friendship built on ‘mutual trust and goodwill and excellent bilateral relations’ By CHUA LEE HOONG IN BEIJING SINGAPORE and China reaffirmed their mutual commitment to friendly relations yesterday with the issue of a joint statement on ways to further enhance bilateral cooperation.
      496 words
    • Article, Illustration
      Lock icon The making of a ‘blue-chip’ PA
      548 4  -  Bn LYDIA LIM THE People’s Association wants to change its image and rebrand itself as a “blue-chip” organisation. As part of the facelift, all 600 frontline staff of the 40-year-old statutory board will go for service training and don uniforms by mid-year. The association
      RANDYQUAN  -  548 words
    • Article
      Lock icon A dream went sour for 47 stowaways on S'pore ship
      488 4  -  Bn KAREN WONG THE American Dream lured 47 young men from China to stow 7 away on board a Singa-pore-owned container ship bound for the United States. The men came mainly from Fujian province. All were between 16 and 36
      488 words
    • Article
      Lock icon COE dive drags car prices down
      735 5  -  Distributors slash their luxury-car and commercial-vehicle prices, foreseeing demand for better deals By LESLIE KOH THOSE eyeing a nice new, twolitre car for the family may find that it is the green light all the way to the showroom. Dealers are slashing the cost
      735 words
    • Article, Illustration
      Lock icon Nifty fire engine
      236 5 HOUSING estates far from a fire station may have their own fire-fighting operation set up in a shophouse or the void deck of a housing block. And their key firefighting equipment would be a small but powerful fire engine that can mount kerbs and pavements, and enter
      JOYCE FANG  -  236 words
    • Article
      Lock icon Madrasahs: Keeping them relevant
      478 5  -  AHMAD OSMAN MAT. AY MPs and the Islamic Religious Council of Singapore (Muis) are exploring various options to ensure that madrasahs will not become irrelevant if compulsory primary education is introduced. They want to improve the madrasahs and ensure that these Islamic religious schools can co-exist
      478 words
    • Article
      Lock icon Net program allows software swop
      446 6  -  Program scares software firms as it is hard to track and makes copyright rules difficult to enforce By CHONG CHEE KIN IN KUALA LUMPUR LOOK out, Microsoft. The latest software-piracy program on the Internet allows any computer user to hook his computer up with another
      446 words
    • Article
      Lock icon Death goes dot. com
      492 6  -  Bit PAULINE LEONG DEATH goes dot.com. Just in case you forget your loved ones' death anniversary or festivals, you can get a reminder by email. And you can book columbarium niches online too. The Ji Le Memorial Park, a new columbarium in Choa Chu Kang, plans
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    • Article, Illustration
      Lock icon JUMBO SPICE:
      56 6 Gambir, a 9V2-year-old 1.7-tonne elephant on loan from the Singapore Zoological Gardens, was at Veerasamy Road on Monday, rehearsing for the launch of the Singapore Food Festival in Little India yesterday. The festival, organised by the Little India Restaurateurs’ Association, will be on until April 22 and features
      ALAN LIM  -  56 words
    • Article
      Lock icon e-mart hits right key for shoppers
      414 6 FROZEN goreng pisang (banana fritters) and ice cream are just two of the many items available from Singapore Food Industries' online supermarket. But customers are hungry for more. So, ever since it launched www.e-mart.com.sg in January, it has had to double its range of
      414 words
    • Article, Illustration
      Lock icon Drag ring nabbed in $10m heroin sting op
      520 7  -  The bust, done with the help of American narcotics officers, is the biggest in two years Bv CHONG CHEE KIN A STING operation which had the help of American drug enforcement officers, led to the bust of a major drug ring operating
      JOYCE FANG  -  520 words
    • Article
      Lock icon More women hitting the bottle
      601 7  -  By BRAEMA MATHI LINDA (not her real name) began drinking at 15 and, by 17, she was knocking down at least two bottles of wine a day. At 23, her liver was failing and, by 26, she was at the stage where she needed a
      601 words
    • Article
      Lock icon Classes a must soon for some parents
      400 7  -  By BRAEMA MATHI PARENTS of juvenile delinquents will have to participate in some rehabilitation programmes with their children. They will also have to attend workshops where they will learn how to discipline their children and help them reintegrate into society when they leave
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    • Article, Illustration
      Lock icon He waited but Mum never showed up
      557 8  -  She braved a heavy storm so she wouldn’t be late to pick up her child, but it proved to be a fatal mistake DEBBIEGOH BUSINESSWOMAN Chua Eng Beng, 34, did not want to be late in picking up her son from kindergarten. So,
      SHINMIN  -  557 words
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  • Page 8 Miscellaneous
    • Miscellaneous
      Lock icon Page 8 Miscellaneous Column 1
      1061 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 Word
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  • SPORTS
    • Article
      Lock icon Asian gold duo split for Sydney
      480 9  -  St CHAN TSE CHUEEN SAILORS Tan Wearn Haw and Charles Lim had spent the last three years training for the Olympics. But last week, the Singapore Yachting Association caused a shock when it nominated Tan and Koh Seng Leong an untried and untested partnership
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    • Article
      Lock icon Shirley Ng nominated for the Olympics
      298 9  -  Bu CHAN TSE CHUEEN AIR-PISTOL shooter Shirley Ng has been nominated by the Singapore Shooting Association for the Olympic Games in Sydney this September. This means two-time Sportsman of the Year Lee Wung Yew, who represented Singapore in Atlanta four years ago, will have
      298 words
    • Article, Illustration
      Lock icon High drama at sport 'Oscars'
      697 9  -  Emotions run high as Lim Zhong and Joscelin take top honours at the annual SNOC sports awards B}L CHAN TSE CHUEEN THE prepared script ran without a hitch and the national selectors went with the overwhelming favourites. But that proved no obstacle to drama as
      LAU FOOK KONG  -  697 words
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  • Page 10 Advertisements
    • Advertisement
      Lock icon Page 10 Advertisements Column 1
      185 10 The Boston Consulting Group M,. m www.bcg.com 81 Ip The Boston Consulting Group is an international leader in strategy and e-commerce We offer unparalleled opportunities to contribute to the business success of our clients in Asia. Our needs continue to grow for candidates to join our Singapore, Bangkok, Kuala Lumpur
      185 words
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  • MALAYSIA . S-E ASIA
    • Article
      Lock icon KL police act to stifle pro-Anwar street protests
      486 11  -  Three opposition leaders held in pre-dawn crackdown, others put on wanted list ahead of march BRENDAN PEREIRA MALAYSIA CORRESPONDENT KUALA LUMPUR Malaysian police yesterday moved to head off a street march by supporters of Anwar Ibrahim by arresting three opposition party leaders
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    • Article, Illustration
      Lock icon Gus Dur has firm grip despite demos
      549 11  -  DEMANDS FOR REMOVAL NOT A THREAT, SAYS STATE SECRETARY DERWIN PEREIRA STRAITS TIMES INDONESIA BUREAU JAKARTA President Abdurrahman Wahid has a firm hold on power in Indonesia despite the efforts of Muslim radicals last week to whip up antigovernment sentiment and undermine his
      AFP  -  549 words
    • Article
      Lock icon Jakarta to go ahead with VAT in Batam
      415 11  -  By DERWIN PEREIRA STRAITS TIMES INDONESIA BUREAU JAKARTA The Indonesian government, brushing aside the threat of foreign investors pulling out from Batam, said yesterday it would go ahead with plans to impose a value-added tax (VAT) in the once-tax-free haven. But in
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  • COMMENT
    • Article
      Lock icon Illegals and homeowners
      594 12 WEDNESDAY APRIL 12,2000 THE jailing of a church deacon and a university lecturer for renting their flats to illegal immigrants, while regretful as they had no malicious intent to break the law, may be diverting attention from a serious matter. This is the breach of national security.
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    • Article
      Lock icon Can Koreas reconcile?
      603 12 TUESDAY APRIL 11.2000 NORTH Korea has been a slippery customer even as its circumstances have worsened steadily through starvation and lack of spares and fuel. It takes but gives little, its words are cheap. South Korean negotiators know that better than anyone. Yet, in spite of this,
      603 words
    • Article, Illustration
      Lock icon A plate of chicken rice in the new economy
      803 12  -  SECOND LAST WORD ALAN JOHN IT WAS Saturday night and strolling down Purvis Street, taking in the transformation of decrepit old shophouses into smart new eating and drinking places, I spotted the line of people. There they stood outside the Yet
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  • COMMENT . PERSPECTIVE
    • Article
      Lock icon Review hands-off stand on construction defects
      1226 13  -  MY VIEW By y DOMINIC NATHAN IF I were in school now and deciding on a career, I would skip everything to do with the new-economy fields of infocommunications and the life sciences and stick to an old-economy discipline building surveying. Throwing away my
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    • Article
      Lock icon Singapore may have farmers’ again
      953 13  -  THINKING ALOUD By ASAD LATIF I AM innocent of economics, but even I was gripped by an analogy between agriculture and manufacturing that I heard the other day. Farmers produce an essential commodity: food. But who makes the most money from that food? Not farmers,
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  • INSIGHT
    • Article, Illustration
      Lock icon Forget dot.com, get ready for life sciences
      2080 14 Forget dot.com get ready for life sciences Singapore has seen the future —and it does not come with a dot or a com. VLWMUktellswhy Singapore is off the starting block in the great race to be the Bill Gates of the life sciences MRS SUSAN TAY, a Bedok North Secondary
      NOEL ROSALES  -  2,080 words
    • Article
      Lock icon Give CDCs a chance to succeed
      1145 14  -  LAST WEEK IN POLITICS By CHUALEE HOONG “CDC” what, in the minds of most Singaporeans, does this acronym stand for? It’s probably the Communicable Disease Centre off Moulmein Road, instead of the Community Development Councils that have been very much in the news last
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    • Article
      Lock icon KILLING BUGS AND MAKING LIFE SWEETER
      667 15 Life-science projects are being conducted on a bigscale in two research bodies at the National University of Singapore —the Institute of Molecular and Cell Biology (IMCB) and the Institute of Molecular Agrobiology (IMA). Here are some examples: MAKE MY HEAD SWEETER, PLEASE MORE Asians
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  • MONEY
    • Article
      Lock icon Trading volume anaemic throughout week
      361 16  -  Colin Tan THE Nasdaq Composite Index’s volatile movements in the United States hogged the limelight this week as the techheavy index fell spectacularly back to January levels, sucking most of Asia into its slipstream. In Singapore, investors fearing that Nasdaq’s journey south was nowhere near
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    • Article
      Lock icon CORPORATE RESULTS
      1841 16 Company Date ann Net earn TV LY ($m) <$m) EPS TY LY (Cts) (Cts) ABR Hidgs 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 Hidgs Mar 28 P 2.252 2.122 0.39
      1,841 words
    • Article
      Lock icon DAY-TO-DAY STOCK INDICES
      76 16 Straits Tines Index The Straits Times Index rose 69.25 points on the week to 2,189.76. DAY CLOSE TURNOVER Monday 2,126.93 (+6.42) 188.8m ($474.7m) Tuesday 2,131.38 (+4.45) 165.1m ($393.4m) Wednesday 2,135.39 (+4.01) 347.5m ($527.6m) Thursday 2,163.90 (+28.51) 259.2m ($851.9m) Friday 2,189.76 (+25.86) 371.4m ($834.0m) IT-SH Index The BT-SRI
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    • Article
      Lock icon DIVIDENDS ANNOUNCED
      1231 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 AuricPac 50c F 2.68 May 3 May 8 May 23 Berger lntl25c b 0.125 Jun 15 Jun 20 Jul 3
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    • Article
      Lock icon APPROVED ISSUES
      213 16 BONUS ISSUE Company Ratio Exdate Books close ACC Paymt Sembcorp one-for-one Apr 19 Apr 25 NA Marine First one-for-one May 22 May 25 NA Enqq TIBS one-for-two Apr 04 Apr 07 NA RIGHTS ISSUE ExBooks Acc Company Ratio date close Paymt Republic three-f or f our@>S1.00 Mar 22
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    • Article
      Lock icon COMPANY MEETINGS
      141 16 Company Place Date Time Wah Shing A Lotus Room, Level 4 Tower Wing Block Shangri-La Hotel 22 Orange Grove Road S'pore (*****0) Jun 24 10.00am Keppel Tat Lee Bank A Board Room Keppei Tat Lee Bank 6th Storey Keppel Towers 10 Hoe Chiang Rd S'pore(*****5) May 31 10.30am
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    • Article
      Lock icon PROPOSED ISSUES
      43 16 Company Description Hotel Proposed stock split of one Grand esixting share of par value $1.00 into two new shares of $0.50 each. In-principle approval from the Exchange has been received. L-Jacoberg Proposed bonus issue of one-for-two. ordinary shares of $0.10 each
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    • Article
      Lock icon UNIT TRUSTS & FUNDS
      1645 17 UNIT TRUSTS FUNDS Apr 15,2000 Managers' prices (S$) UNIT TRUSTS Aberdeen Asset Mat Asia Ltd Aberdeen Select Portfolio: Global Technology Fd!** 1.344 1.412 UK Blue Chip Fd!** 0.939 0.987 American Opport Fd 1.085 1.140 Continental Euro Eqty Fd 1.267 1.331 Japan Eqty Fd!** 1.615 1.697 Asian Fixed Income Fd 1.029
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    • Article, Illustration
      Lock icon SGX could be listed by year-end
      453 17  -  IPO shares to be launched after private placement in third quarter; together they make up at least 50% Reports by IGNATIUS LOW THE Singapore Exchange (SGX) may float its shares in an initial public offer (IPO) before the year is out. SGX chairman J.Y.
      SIEW YAW HOONG/BT  -  453 words
    • Article
      Lock icon Tracker funds in S'pore soon
      267 17 TRACKER funds, whose price movements mirror the ups and downs of market indexes, may soon be listed on the Singapore Exchange (SGX). Such funds will give investors instant exposure to the broad Singapore market more cheaply than unit trusts “where bid-ask spreads are still quite
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    • Article
      Lock icon Credit-card minimum payments slashed
      405 17  -  Bu RAVI VELLOOR STEPPING out of their conservative approach, top banks OCBC and DBS are halving the minimum payments required on credit-card balances in a move to seek higher returns and match the industry norm. “We will drop the minimum payments to 5 per cent from
      405 words
    • Article
      Lock icon SGX SECURITIES TRDG: MAIN BOARD
      4459 18 Transaction date: Apr 14,2000 MULTI INDUSTRY 52-Wk Curr Last Vol Day Gr*s Nat M Cap Wt Avq Hiqh Low Company Traded Sale ♦or•ooo Hiqh Low Div P/E $mil Price 182 82 133 cd -2 210 135 133 5 16.6 220 135 84 29 29 23.9
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    • Article
      Lock icon SGX SESDAQ
      1167 19 52-Wk High Low Curr Last Company Traded Sale ♦orVol '000 Day High Low Gr*s Div Net P/E M Cap Smil Wt Avg Prlct MANUFACTURING 218 100 c AS Auto 10c 164 -6 537 170 163 10 N 215.3 171 137 62.5 c ASJ Hldgs 20c 88 3.8 13.2
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    • Article
      Lock icon BONDS, LOANS & WARRANTS
      1582 19 BONDS, LOANS WARRANTS Transaction date: Apr 14,2000 52-Wk High Low Company Last Sale ♦orVol 'OOO Day High Low Last Ouote Buyer Seller Wt Avg Price 80 18 s Acma W*****4 .....21.5 +0.5 101 21.5 20 21 21.5 21 59 14.5 s AIITech W***** 18 186 3 15 16 53 16
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    • Article
      Lock icon CURRENCY
      148 19 (9am, Apr 14) Buying OD Selling Singapore Ce-’ars to on» unit of foreign cur*»ncy Australian de-’-ar 1.0170 1.0320 Canadian dona' 1.1540 1.1780 NZ Collar C.8450 0.8630 Sterling pound 2.7070 2.7350 US Collar ***** 1.720C Singapore debars to 100 units of foreign cur-eney Austrian schill ing 11.73 11.9S Belgian franc
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    • Article
      Lock icon SIA snaps up 8.3% of Air NZ shares
      536 20  -  Move suggests SIA will not join Virgin’s Aussie airline venture, but spokesman says option is still open By RAVIVELLOOR SINGAPORE Airlines appears to have turned its back on jointventure partner Virgin’s planned no-frills Australian airline. On Tuesday, it moved clearly towards taking
      536 words
    • Article, Illustration
      Lock icon MAS eyes one finance Act for all
      601 20  -  Bn IGNATIUS LOW SINGAPORE may adopt the British model of an “omnibus” Act to regulate all financial institutions instead of separate pieces of legislation for different industries. This is a “sensible” response to the worldwide trend of convergence amongst securities and futures trading
      Source: FSA WEBSITE; RAYMOND LEE Photo: UPP  -  601 words
    • Article
      Lock icon Speedy cheque clearing hy 2001
      432 20  -  By IGNATIUS LOW CHEQUE issuers here may find their money going out in world-record time from as early as next March thanks to a new system that will be installed at Government instigation. Called cheque truncation, or the electronic imaging of cheques for sorting and
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  • Page 21 Advertisements
    • Advertisement
      Lock icon Page 21 Advertisements Column 1
      1035 21 The Straits Times Weekly Edition www*as ia stoe Icwa tc h, com The smart investor's secret weapon Invest In Your Future join Us AsiaStockWatch.com is the leading financial portal in Asia providing independent, accurate and timely business and financial news to all investors. Some of our key offerings are: Live
      1,035 words
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  • Page 22 Advertisements
    • Advertisement
      Lock icon Page 22 Advertisements Column 1
      849 22 k astasn&cof* Asia One is one of Asia's premier websites. It is the gateway to Asia for business, news, entertainment and e-commerce. We are looking for suitably qualified persons who can make a difference to join us in this fast developing medium as ACCOUNTANT/ ASSISTANT MANAGER, FINANCE You will assist
      849 words
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  • FORUM
    • Article
      Lock icon Severity of illegal influx warrants tough laws
      604 23 I REFER to the recent letters and articles on the penalties for harbourers of immigration offenders. Illegal immigration and overstaying are serious problems in Singapore. In 1998, about 23,000 immigration offenders were arrested, comprising 14,700 illegal immigrants (II) and 8,300 overstayers (OS). This
      604 words
    • Article
      Lock icon Licence renewal procedure out of sync
      222 23 I HAVE a son working in Britain. He is a Singapore citizen and holds a valid Singapore driving licence. He renewed it three years ago. It will expire on May 5. On Tuesday, I went to a post office with the renewal notice to
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    • Article, Illustration
      Lock icon Guidelines needed for flexibility
      565 23 I REFER to the reply, “Severity of illegal influx warrants tough laws” (see above) by Mrs Ong-Chew Peck Wan of the Ministry" of Home Affairs and letters by concerned citizens on this subject. I was the Controller of Immigration in 1993 and I had recommended to
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    • Article
      Lock icon Brush up on English used in public posters
      262 23 I HAVE been greatly disheartened by the posters for two recent government campaigns. Their aims are laudable; however their use of the English language is not. The first campaign, by the Ministry of Health, encouraged Singaporeans to carefully examine the labels of
      262 words
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  • Article, Illustration
    Lock icon Shopping, clinics and more at new CC
    593 24  -  The first hybrid community centre in a commercial complex, with offices, clinics, shopping centres and food court, will be in Tampines b<l M. NIRMALA FIRST, community centres were renamed community clubs to boost their image. Soon, coming up in Tampines Avenue 5, will
    Source: PEOPLE S ASSOCIATION; LEE CHEE CHEW and RAYMOND LEE  -  593 words
  • Article, Illustration
    Lock icon You can get .per-sonal now
    406 24  -  By EDMUNDTEE SINGAPORE has come up with a first in the Internet world giving people here a new type of personalised Internet address. It comes in the form of a new category of domain names or names used to look up websites called .per, for
    406 words
  • Article
    Lock icon New economy is not just for PhDs
    318 24 FOR THE new economy to take off here, every Singaporean must be on board, said Mr Lim Swee Say, Minister of State for the Ministry of Trade and Industry and the Ministry of Communications and Information Technology. “The new economy is not just
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