The Straits Times : Weekly Overseas Edition, 29 April 2000

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Microfilm: NL23037
Total Pages: 23
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 29,2000 Price: S$ 1.20 (in Singapore) Elsewhere by subscription only MITA 074/08/99
    19 words
  • Article
    Lock icon High-level fertility panel set up
    618 1  -  Eleven-member committee will look into reasons for the low fertility rate in S’pore and try to encourage couples to have babies Bu SITIANDRIANIE A HIGH-LEVEL inter-min-istry working committee is now looking at ways to encourage more couples to have babies. The 11-member committee, which is
    618 words
  • Article, Illustration
    Lock icon BABY DUMPED
    57 1 BABY DUMPED: This six-day-old boy was abandoned in a men’s toilet at Mount Elizabeth Hospital on Thursday afternoon last week. A patient found him on the floor, near a comer urinal. The police have seized the tape of a security camera outside the toilet and will study the
    RANDYQUAN  -  57 words
  • Page 1 Advertisements
    • Advertisement
      Lock icon Page 1 Advertisements Column 1
      64 1 Religion 9 He's The New Anglican Bishop At a sendee held at St Andrew’s Cathedral, Dr John Chew, 52, is installed as the eighth Anglican bishop of Singapore. PAGE 5 Plane Pla n s SIA Stake To Take Flight Singapore Airlines confirms it will acquire Brierlev Investment’s 16.7 per cent
      64 words
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      3 1 I *****1 *****6
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  • PRIME NEWS
    • Article
      Lock icon DBS: We won't gain from new charges
      631 2  -  But it will study how to ensure that lower-income Singaporeans are ‘not overly burdened’ by fees New Service Fees For POSBank Account-Holders Bu IGNATIUS LOW DBS has broken its silence and come out in strong defence of its unpopular decision to impose service
      631 words
    • Article, Illustration
      Lock icon Distinct shift in birth patterns
      394 2  -  §!L CHUA MUIHOONG MORE well-educated women have responded to the Government’s call to have “two, or more” children if they can afford it. Too few babies are being born each year for the population to replace itself but, among the babies born, more are coming
      Source: DEPARTMENT OF STATISTICS  -  394 words
    • Article, Illustration
      Lock icon PCK is all set to show off his English
      379 3  -  PM Goh, who suggested the TV character brush up his English, will be at Speak Good English Movement launch to see it By M. MRMAL4 THAT Singlish-spewing contractor, Phua Chu Kang, will reveal today if he has heeded the Prime Minister’s
      379 words
    • Article
      Lock icon Media Corp asks 210 workers to go, pays $13.2m in compensation
      428 3  -  By] KARAMJIT KAUR MEDIA Corporation of Singapore has given 210 employees a golden handshake, saying they do not have the mindset nor the talent needed to cope with fast-changing technology in the media industry. Eight in 10 of those
      428 words
    • Article
      Lock icon 3 kidnappers jailed for life
      436 3  -  By ELEN A CHONG THREE kidnappers in the first such case here in a decade have been sentenced to life imprisonment this week, with the High-Court judge saying that no one should be subjected to the agony, anguish and anxiety inflicted on their 14-year-old victim.
      436 words
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  • PARLIAMENT
    • Article, Illustration
      Lock icon No licence needed to speak at Corner
      661 4  -  From August, citizens can go to Hong Lim Park any day to speak on any subject, but must guard against provoking racial or religious hostility Bu LYDIA LIM SINGAPOREANS can soon make speeches in public without having to apply for a licence with
      J ALE HA HASHIM Photo: STEVEN LEE  -  661 words
    • Article
      Lock icon The green that ended Yew Hock government
      232 4 HONG Lim Park, the site of Singapore’s first Speakers’ Corner, is no stranger to speakers. This historic patch of green has witnessed many rousing scenes that are now part of the nation’s history. It was at this park that a speech was made
      232 words
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  • HOME
    • Article, Illustration
      Lock icon He's the new Anglican bishop
      257 5 HE WAS the top arts student of his year at the former Nanyang University, and worked as a civil servant before he decided to become a church man. On Tuesday, Reverend Canon Dr John Chew, 52, was installed as the eighth Anglican bishop of Singapore,
      DESMOND FOO  -  257 words
    • Article
      Lock icon Taxi fares are likely to rise by years end
      327 5  -  FIRST MRT AND BUS, NOW... Bil LESLIE KOH TAXI fares may go up in the months to come, following the price hikes in bus and MRT rides announced on Thursday last week. The Straits Times understands that the three taxi companies
      327 words
    • Article
      Lock icon Coming soon: Minimum-sum fees at POSBank
      586 5  -  The charges will be imposed from June for the first time but students and senior citizens will be exempted from them ĔU EDNA KOH DBS BANK has decided, after all, to impose a fee on POSBank chequeing accounts and balances that are below specified
      586 words
    • Article, Illustration
      Lock icon Reversing baby bust is no easy task
      571 6  -  Committee set up to boost the fertility rate has its work cut out as some couples stand by their right to be childless by choice By SITIANDRIAME PUBLIC-RELATIONS consultant Jennifer Lim (not her real name) has been married to a manager for seven
      571 words
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  • Page 6 Miscellaneous
    • Miscellaneous
      Lock icon Page 6 Miscellaneous Column 1
      1061 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 Word
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  • SPORTS
    • Article, Illustration
      Lock icon Just what are fans looking for?
      1267 7 S-LEAGUE REVIEW Just what do S-League fans want these days? Good football, good atmosphere or just a good outing! After two years off the scene, JEFFREY LOW returns to the S-League beat with a timely observation... THE view from the top isn't breath-taking. It
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  • S-E ASIA/MALAYSIA
    • Article, Illustration
      Lock icon Top judge will hear Jefri’s case after all
      724 8  -  By IGNATIUS STEPHEN IN BANDAR SERI BEGAWAN PRINCE Jefri Bolkiah, younger brother of the Sultan of Brunei, has failed in his bid to stop the country’s top judge from hearing the case against him. In a judgment made public on Thursday, Chief
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    • Article
      Lock icon Malaysia develops health-care smart cards
      250 8 The Star/Asia News Network PENANG Special healthcare smart cards that will enable users to carry their medical records with them have been developed in Malaysia. The smart card concept is one of USM’s Global Healthcare Network projects to complement Malaysia’s Multimedia Super Corridor (MSC) telemedicine
      The Star/Asia News Network  -  250 words
    • Article
      Lock icon Threat to behead foreign hostages
      544 8  -  Philippine extremists want former Muslim rebel chief Nur Misuari replaced by the foreign captives’ govt representatives By LUZ BAGUIORO PHILIPPINES CORRESPONDENT MANILA The extremist Abu Sayyaf group yesterday threatened to behead the foreigners among the 21 people it is holding hostage on the southern Philippine
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  • Page 9 Advertisements
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      Lock icon Page 9 Advertisements Column 1
      605 9 On 1 June 2000, some new fees will be applied to DBS and POSB corporate and individual accounts. These new fees are important if we are to continue to upgrade our customer services and expand alternatives DBS has pioneered such as telephone banking, Internet Banking and Mobile Banking. We know
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  • COMMENT
    • Article
      Lock icon More babies, but how?
      601 10 TUESDAY April 25,2000 THE inter-ministry committee which will study ways of raising Singapore’s birth rate has a crucial responsibility, as it concerns nothing less than the country’s long-term viability. It is delicate reconciling an economic imperative with a deeply personal matter of having babies, or how
      601 words
    • Article
      Lock icon How Mori can help
      608 10 WEDNESDAY April 26,2000 A CLUTCH of pronouncements on the Japanese economy is stimulating confidence not for the first time that the country may be on the brink of a true recovery after its worst setbacks in 50 years. In its monthly report for April, the Economic
      608 words
    • Article, Illustration
      Lock icon Net telephony set to upset voice-call cart
      666 10  -  SECOND LAST WORD By YEONG AH SENG APRIL 1, the day the Singapore telecommunication market was thrown open to full competition, marked the beginning of a new era for consumers and operators. Consumers 1,867,500 fixed-line subscribers, 1,578,400 mobile subscribers, 1,158,800 paging subscribers and
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  • COMMENT • PERSPECTIVE
    • Article
      Lock icon Local varsities must lead the life-sciences race
      1020 11  -  MY VIEW By M. MRMALA SINGAPORE has entered the race of the century. Deputy Prime Minister Tony Tan fired the starter’s gun at the beginning of the year when he held up the life sciences as the ultimate prize for the country. He
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    • Article
      Lock icon Many lessons from one HK press conference
      1230 11  -  THINKING ALOUD B'J CHUA LEE HOONG SEVERAL days ago, while in Hongkong, I had the opportunity to attend a press conference called by Chief Executive, Mr Tung Chee Hwa. As press conferences in the Special Administrative Region go, it was, so I am
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  • CPF newsline A CORPORATE NEWSLETTER OF THE CPF BOARD
    • Article, Illustration
      Lock icon Take Control Of Your Future!
      643 12 / 13 After you and your spouse have retired, would I you like to: I Own a comfortable home which is fully I paid-up for? I Go for overseas holidays now and then? I Have extra cash for leisure activities I like fishing, gourmet cooking and I
      643 words
    • CPF IN SHORT
      • Article
        Lock icon Selling Your Private Property?
        117 12 / 13 If you had used CPF for private property and are selling it at market value, you would be required to refund the principal sum withdrawn together with the accrued interest back to your CPF account before repayment is made to the mortgagee. However, if the sales
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      • Article
        Lock icon Avoid Missing Mail
        40 12 / 13 Please update your address with us if it's changed. Report your new address at the National Registration Office or Neighbourhood Police Post. CPF will be notified of it by OSCARS (One Stop Change of Address Reporting Service).
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      • Article
        Lock icon April-June 2000 Interest Rates
        22 12 / 13 Ordinary Medisave Accounts: 2.5% per annum. Special Retirement Accounts: 4.0% per annum. The interest rates are reviewed quarterly.
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      • Article, Illustration
        Lock icon We're Open 6 Days A Week!
        76 12 / 13 You can now visit or telephone us from Monday to Saturday from 8 am to 5 pm at all CPF offices (excluding public holidays). This convenient six-day service was implemented as a pilot scheme at the main Robinson Road office in December 1999. After
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      • Article
        Lock icon 2% CPf Restored
        67 12 / 13 From 1 April 2000, the employers' CPF contribution rote has been restored by 2 percentage points, bringing it up to 12%. The 2% is allocated to the Special Account to help CPF members build up their cash savings for old age. The employees' share of CPF remains
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    • Article, Illustration
      Lock icon PAL Works Harder For You!
      94 12 / 13 For your convenience, you're now given an additional seven hours daily to access CPF information using the CPF PAL services. This gives you almost round-the-clock service including Sundays and public holidays. The one hour stoppage of service between 1 am and 2 am each day
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    • Article
      Lock icon The Choice Is Yours: PAL-Phone Or CSO
      148 12 / 13 CPF members who use the CPF PAL-Phone (1800-788 0788) can now opt to speak to a Customer Service Officer (CSO) during office hours. Just key in code 98 and you will be connected to an officer. Likewise, if you're making enquiries at the
      148 words
    • Article, Illustration
      Lock icon CPF Investment Scheme
      243 12 / 13 Have You Signed Yet? It has been more convenient to use CPF for investment since 1 March 2000. You only need to give a one-time authorisation to your agent bank and the CPF Board for the settlement of CPFIS transactions. Have you returned your completed form to
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  • Page 12 / 13 Advertisements
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      Lock icon Page 12 / 13 Advertisements Column 1
      17 12 / 13 PAL@cpf.slems.com Housing@cpf.stems.com lnvestment@cpf.stems.com Retirement@cpf.stems.com Q SINGAPORE QUALITY CLASS ANOTHER PUBLIC COMMUNICATION EFFORT BY A QUALITY CLASS ORGANISATION
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  • INSIGHT
    • Article, Illustration
      Lock icon Time to swop ranking for school excellence model?
      2296 14 If the ranking of schools is not compatible tvith all-round pupil development, which is the desired outcome of education spelt out by the Education Ministry, why not replace it with the school excellence model, several parents and teachers suggest to SANDRA DAVIE.
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  • MONEY
    • Article
      Lock icon Market firmer now as shares stabilise
      307 16 SHARES were firmer last week as investors sought out companies with firm earnings and prospects, and syndicates played up some penny stocks. Electronics stocks in particular regained composure, on strong gains by Nasdaq and bargain-hunting by investors. Gainers included stocks that have fallen by
      307 words
    • Article
      Lock icon DAY-TO-DAY STOCK INDICES
      86 16 Straits Times Index The Straits Times Index rose 83.84 points on the week to 2,164.11. DAY CLOSE TURNOVER Monday 2,049.78 30.49) 165.2 m ($293.5 m) Tuesday 2,066.96 17.18) 222.3 m ($387.4 m) Wednesday 2,108.80 41.84) 262.7 m ($512.14 m) Thursday 2,151.72 42.92) 321 m ($677 m) Friday
      86 words
    • Article
      Lock icon CORPORATE RESULTS
      1838 16 Company Date ann Net earn TY LY ($m) ($m) EPS TY LY (cts) (cts) 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 0.37 Asia Food Mar 27 P 37.042 140.927 3.58
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    • Article
      Lock icon APPROVED ISSUES
      195 16 BONUS ISSUE ExBooks Acc Company Ratio date close Paymt Amtek one-for-four May 12 May 17 NA First Enqg one-for-one May 22 May 25 NA RIGHTS ISSUE ExBooks ACC Company Ratio date close Paymt OTHERS ExBooks Acc Company Ratio date close Paymt Hai Sun Entitlements to the May 3
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    • Article
      Lock icon COMPANY MEETINGS
      164 16 Company Place Date Time ST AssemblyA 5 Yishun Street 23 S'pore (*****2) June 8 10.00am Keppel Tat Lee Bank A Board Room Keppel Tat Lee Bank 6th Storey Keppel Towers tO Hoe Chiang Rd S'pore(*****5) May 31 10.30am Labroy Marine A 1 Maritime Square #11-23 World Trade Centre
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    • Article
      Lock icon PROPOSED ISSUES
      50 16 Company Description Koh Brothers Proposed a bonus issue of up to 289,495,000 new Ord shares of $0.10 each in the capital of the company on the basis of one for one GE Hldgs Proposed sub-division of each ordinary share of $1.00 into two ordinary shares of $0.50 each
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    • Article
      Lock icon DIVIDENDS ANNOUNCED
      1200 16 Payment (cts) Ex date Books close Pay date Acma 50c F 1.25 Jut 7 Jul 12 Jul 28 Allqreen 50c F 2.5 Jun 5 Jun 8 Jun 27 AuricPac 50c F 2.68 May 3 May 8 May 23 Berger Intl25c b 0.125 Jun 15 Jun 20 Jul 3
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    • Article
      Lock icon UNIT TRUSTS & FUNDS
      1625 17 UNIT TRUSTS FUNDS Apr 29, 2000 Managers' prices (S$) UNIT TRUSTS Aberdeen Asset Mat Asia Ltd Aberdeen Select Portfolio: Global Technology Fd!** 1.349 1.417 UK Blue Chip Fd!** 0.919 0.966 American Opport Fd 1.104 1.160 Continental Euro Eqty Fd 1.228 1.291 Japan Eqty Fd!** 1.569 1.649 Asian Fixed Income Fd
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    • Article, Illustration
      Lock icon S'pore Power may tap debt market next year
      487 17  -  Flushed with success from a recent bond-issue launch, it may do this within the next 12 months, but has not set date yet Bu MOHD AZHAR KHALID FRESH from a successful launch of its first US$3OO million (*****.5 million) bond issue, Singapore
      CHRIS LOH/BT  -  487 words
    • Article
      Lock icon Using the Net to enhance the market
      297 17 SINGAPORE is looking closely at using new technologies to boost the development of the Singapore debt market to make it a truly international debt hub. The Monetary Authority of Singapore (MAS) is exploring with other market players “technological developments such as the use
      297 words
    • Article
      Lock icon SGX SECURITIES TRDG: MAIN BOARD
      4428 18 Transaction date: Apr 28,2000 MULTI INDUSTRY 52-Wk Curr Last Vol Day Gr*s Net M Cap WtAvq Hiqh Low Company Traded Sale ♦or000 Hiqh Low Div P/E $mil Price 182 93.5 m c Acma 50c 129 cd unch 112 130 128 5 16.1 213.4 128 84
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    • Article
      Lock icon SGX SESDAQ
      1186 19 52-Wk High Low Curr Last Company Traded Sale ♦orVol ooo Day High Low Gr's Div Net P/E M Cap $mil Wt Avg Price MANUFACTURING 218 100 c AS Auto 10c 150 ♦1 255 152 149 10 N 197 145 137 66.5 c ASJHldgs20c 90 unch 9 90 90
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    • Article
      Lock icon BONDS, LOANS & WARRANTS
      1535 19 BONDS, LOANS WARRANTS Transaction date: Apr 28,2860 52-Wk High Low Company Last Sale ♦orVol -000 Day High Low Last Ouote Buyer Seller Wt Avg Price 80 17 s Acma W*****4 19 unch 80 19.5 19 18 19 18 59 14.5 s AIITech W*****7 18 1.5 17 16 53 16 s
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    • Article
      Lock icon CURRENCY
      147 19 (9am, Apr 28) Buying OD Selling Singapore dollars to one unit of foreign currency Australian dollar 0.9950 1.0090 Canadian dollar 1.1420 1.1660 NZ dollar 0.8240 0.8420 Sterling pound 2.6690 2.6960 US dollar 1.7000 1.7110 Singapore dollars to 100 units of foreign currency Austrian schilling 11.16 11.40 Belgian franc 3.800
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    • Article
      Lock icon F&N targets Times Publishing
      501 20  -  .Btji LEONG CHAN TEIK BEVERAGE group Fraser Neave (F&N) has made an offer of $423 million for the shares of Times Publishing it does not already own as it seeks to push into e-commerce via the publishing company. The takeover offer, made through F&N’s wholly-owned subsidiary
      501 words
    • Article, Illustration
      Lock icon Banks, brokers may get the same margin rules
      574 20  -  MAS is reviewing share margin financing and may extend limits to finance institutions Bu IGNATIUS LOW and EDNA KOH INVESTORS who borrow money from banks to buy shares may soon have to fork out more in upfront deposits and be subject to
      BT  -  574 words
    • Article
      Lock icon SIA raises its stake in Air NZ to 25%
      507 20  -  By DENNIS CHAN SINGAPORE Airlines (SIA) has confirmed it wall acquire Brierley Investment’s 16.7 per cent stake in Air New Zealand (Air NZ), a week after it said it had the approval of the New Zealand government to buy up to
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  • Page 21 Advertisements
    • Advertisement
      Lock icon Page 21 Advertisements Column 1
      859 21 The Straits Times Weekly Edition There’s never a <Mt Moment* NTUC Club is transforming NTUC Pasir Ris Resort into a major leisure destination, renamed NTUC Lifestyle World Downtown East. The vibrant F&B/Entertainment Zone has more than 30 outlets. This vacancy provides exciting career opportunities in a fun environment. CENTRE MANAGER
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  • Page 22 Advertisements
    • Advertisement
      Lock icon Page 22 Advertisements Column 1
      892 22 llllil 9 SINGAPORE NATIONAL EMPLOYERS FEDERATION SZTffK (fanaaement We are a membership organisation of over 1,600 companies. We are looking for people who have the enthusiasm and the knowledge to help companies get plugged into the Internet economy. We are looking for: Senior Manager, Corporate Development You will help to
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  • FORUM
    • Article, Illustration
      Lock icon Babies: Pro-family policies needed
      1053 23 I REFER to concerns about the drop in fertility rate, in the report, “High-level fertility panel set up” (ST, April 24). In March 1987, the Government announced a new package with the official population-policy change of “Have three or more if you can afford it”. Then,
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    • Article
      Lock icon Why the need to impose fees for cheques?
      376 23 I READ with concern about the decision by DBS Bank to impose a fee on POSBank cheque services and on accounts with balances that are below specified amounts in the article, “Minimum-sum fees at POSBank” (ST, April 25). It is a well-known
      376 words
    • Article
      Lock icon Bring back the old POSBank
      105 23 I READ with disappointment the report, “Minimum sum fees at POSBank” (ST, April 25). It would cause a lot of inconvenience. My wife and I will have to close all our joint accounts with our three children, and reopen individual accounts for them to avoid
      105 words
    • Article
      Lock icon Charges show DBS is behind the times
      223 23 THE recent announcement by DBS Bank that it will start levying a charge of $lO per cheque book comes as a shock. It also contradicts the signals that the leaders here have been sending to the business community to develop innovative and more
      223 words
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  • Article
    Lock icon URA relaxes height controls for flats and condominiums
    360 24  -  Four-storey ones can go up by one storey and 30-storey ones by six, with no change in plot ratio By WENDYTAN and COLIN TAN TALLER flats and condominiums may soon be dotting the skyline in many parts of Singapore. Without changing the
    360 words
  • Article
    Lock icon Basements and attics don't count
    420 24  -  By NICHOLAS FANG DEVELOPERS hoping to circumvent foreign ownership rulings on low-rise condominium projects by passing off basements and attics as additional floors will be sorely disappointed. This is because the Urban Redevelopment Authority (URA) has decided not to consider basements and attics as additional
    420 words
  • Article, Illustration
    Lock icon THREE DIE IN MANHOLE
    82 24 THREE DIE IN MANHOLE l Two Bangladeshi workers and their Singaporean foreman died when they went down a Chulia Street manhole on Tuesday. They may have been killed by toxic fumes produced by sludge or decomposed material. The Ministry of Manpower (MOM) issued a stop-work order
    DESMONDFOO  -  82 words