The Straits Times : Weekly Overseas Edition, 20 January 2001

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Total Pages: 24
1 24 The Straits Times : Weekly Overseas Edition
  • 19 1 The Straits Times Weekly Edition Saturday January 20,2001 Price: S$ 1.20 (in Singapore) Elsewhere by subscription only MITA 072/08/2000
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  • 546 1  -  But several factors can still knock it askew: political tensions in Asia and what happens in the US YAP CHAIN WEI IN HONCKONG SINGAPORE is still on track for economic expansion of 5 to 7 per cent this year, despite
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  • 47 1 IT'S PARTY TIME: chenybi ossoms, lanterns, mythological animals and the God of Fortune descended on Marina Promenade for yesterday’s launch of the River Hongbao carnival. Festivities started with fireworks and continued into the night. The event expects to attract 1.5 million visitors. LIAXHE ZAOBAO
    LIAXHE ZAOBAO  -  47 words
  • 236 1  -  By DENESH DI\TA\ATIIA\ TECHNOLOGY REPORTER Ml HAS been slapped with a $5,000 fine, becoming the first telecommunications operator in Singapore to be fined for an-ti-competitive behaviour by the industry regulator. In a statement on Tuesday, the Infocomm Development Authority of Singapore (IDA) said it was
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  • Page 1 Advertisements
    • 42 1 Singaporean honoured <9 7~ Tribute From Beijing Varsity Singaporean scholar Gwee Yee Hean gets recognition from Beijing’s most prestigious institution of higher learning M usic jt5630,000 Violin Up-and-coming violinist Wong Yuuki’s 218-vear-old instrument cost his father a District 9 condominium. PAGE 24
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  • PRIME
    • 488 2  -  West Natuna gas-transport system launched on Monday will send gas from Indonesia to Singapore along a 656-km pipe By SUSAN SIM INDONESIA CORRESPONDENT LAYING palms on a suitably high-tech identity reader, Indonesian President Abdurrahman Wahid and Singapore Prime Minister Goh Chok Tong
      TAN SUAN ANN  -  488 words
    • 349 2  -  By DOUGLAS WONG IN SINGAPORE and YAP CHUIN WEI IN TOKYO FORMAL negotiations for a bilateral freer-trade agreement (FTA) between Japan and Singapore begin here on Tuesday, bolstered by fresh official Japanese confidence that a deal can be inked by December. Four Japanese ministers
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    • 278 2  -  bil TERENCE TAN RENOWNED Singaporean scholar Gwee Yee Hean has been honoured by China’s Beijing University with the publication of a collection of academic papers to mark his 70th birthday. Dr Gwee, now 71, the former principal of the Nanyang Academy of Fine Arts, is
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    • 529 3  -  Minister says Housing Board may also review policies to shorten the queue for others waiting to receive their keys Bif LESLIE KOH THE Housing Board will look into helping young couples who got their flats earlier than expected and could not afford
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    • 413 3 RACIAL and religious harmony can only continue here if each community understands that it can go only so far in pushing its own interests, be* fore it upsets or disturbs the other races. l “This is a particularlv'eensitive factor and when rice rs
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    • 64 3 GETTING DOWN TO BUSINESS Foreign Minister S. Jayakumar prepares for a day-long debate on peacekeeping at the United Nations Security Council table in New York. Singapore is presiding over the council this month. With Professor Jayakumar are other members of Singapore’s delegation permanent representative Kishore Mahbubani
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    • 374 3  -  *L NATALIE SOH TWO new major initiatives have been announced to raise Singapore’s profile as a biomedical hub. Firstly, the Economic Development Board (EDB) and National Science and Technology Board (NSTB) will launch a website on biomedical sciences in March. The two boards will also
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  • HOME
    • 427 4  -  Pessimistic about their prospects, they are worried about being retrenched if a slowdown in the US economy affects Singapore JASON LEOW RECESSION, retrenchment and retraining all were buzzwords at Tuesday’s feedback dialogue with 36 low-income Chinese workers. The clerks, factory operators and bus drivers, holed up
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    • 314 4  -  *1 AHMAD OSMAN FORMER Senior Minister of State for Foreign Affairs, Mr Rahim Ishak, died of heart failure on Thursday. He was 75. A top Malay leader in the 1960 s to early 1980 s, he will be remembered as a People’s
      BERITA HARIAN  -  314 words
    • 272 4 ABOUT nine in 10 Singaporeans received the CPF top-up announced by Prime Minister Goh Chok Tong during his National Day Rally Speech last year. According to a statement by the CPF Board, more than 1.9 million Singaporeans, out of a potential pool
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    • 420 4  - Take a tour of an HDB showflat on your computer By LAUREL TEO NO TIME or simply too lazy to check oikt new showflats all the way in Jurong West or Sengkang? Now, let your fingers do the walking instead. You can do so via a virtual tour of four-
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    • 382 5  -  Close to 1.8 kg of ketamine seized; 31 members, including 18-year-old ring leader, arrested ĔIL KARAMJIT KAUR A SYNDICATE run by an 18-year-old that supplied drugs to nightspots in Boat Quay and Clarke Quay was busted in an operation which saw the largest single
      LIAXHE ZAOBAO  -  382 words
    • 214 5  -  Bil SHARMILPAL KAUR JOHOR BARU has long been a shopping haven for many Singaporeans, and these days cheaper medicines and health supplements are as big a draw as cut-price groceries. Madam Mariah Daud, a khpervisor at a Watson’s there, said in Malay: “A lot of
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    • 349 6  -  MAS does not object to “cash back” service which allows shoppers to use ATM cards for cash withdrawals at supermarkets Bi/ SITIANDRIANIE SHOPPERS here may soon be able to withdraw money while paying for groceries at supermarket check-out counters. Paving the way the last
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    • Article, Illustration
      81 6 Jim fiuuauiN SWANSONG With a shrill shriek and a resounding gong, the celebrated Sin Yong Hua Heng Teochew opera troupe performed its final show on Sunday, bringing its century-long history to a close. It played out its swansong to a crowd of 200 in front of Block 111, Yishun
      JIM HODSON  -  81 words
    • 332 6  -  By KOH BOON PIN CONSUMER CORRESPONDENT HAVING succeeded in drawing in a record over 7-6 million visitors last year, the Singapore Tourism Board (STB) wants to do even better this year. As part of its new action plan, it wants to put out e-brochures
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    • 216 6  -  BU. WONG FEI WAN A COMPUTER engineer, who is on trial for molesting a passenger aboard a Singapore Airlines (SIA) flight, has claimed he touched the woman accidentally when he moved in his seat. Swarup Das, 26, said on Monday that he might have brushed
      JOYCE FANG  -  216 words
    • 266 6  -  *L CHONG CHEE KIN A 10-YEAR-OLD primary pupil was allegedly molested by a man who sneaked into a school in the western part of Singapore shortly after noon. Taking advantage of the presence of a large number of parents in the school who had come
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    • 237 7  -  By CHAN KAY MIN CONSIDER this job: You get an immediate 5- to 10-per-cent increase in salary. You can apply for a more senior position if you think you can handle it. You get to attend training and enrichment courses that you actually
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    • 543 7  -  Manjusri Secondary students facing problems get counselling and help at special retreat By NEOHUI MIN AS A child, she was tossed between her divorced parents. Feeling unwanted and made to take care of her baby brother, she felt stressed and depressed. At school, she could
      WONG MAYE-E  -  543 words
    • 459 7  -  By SANDRA DAVIE EDUCATION CORRESPONDENT TUITION fees for undergraduate and polytechnic courses are going up, after being frozen for the last two years. Fees for undergraduates will be $l5O higher when the new academic year begins in July. And they will
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    • 216 7  -  By WENDYTAN A PUBLIC medical group has announced that it is opening a specialist clinic in a private medical centre. Only days after the Government unveiled a new plan to reduce the barrier between public and private medical practice, Singapore Health Services said it had
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    • 193 8  -  Bui JULY* KANG SOME people living in the eastern and central parts of Singapore reported that they felt tremors on Tuesday night, believed to have been caused by an earthquake in Sumatra. The police and Singapore Civil Defence Force received 22 calls, the
      TAN SUAN ANN  -  193 words
    • 202 8  -  Bi, WONG FEI WAN A 69-YEAR-OLD retiree who had to repay a loan decided to rob a money-changer with a toy pistol. William Keh set off at about 8.30 am on Dec 11, after wrapping the toy gun in newspapers. He
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  • Page 5 Advertisements
    • 393 5 mmm*. Founded 1905 The National University of Singapore Graduate Studies Office Faculty of Engineering ADMISSION TO GRADUATE COURSES (JULY INTAKE 2001) Applications are invited for admission to the following Graduate courses in the academic year 2001-2002 (commencing 23 July 2001): Master of Science in Civil Engineering Master of Science in
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  • Page 8 Miscellaneous
    • 1064 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
    • 318 9 Defender Mohammed Noh impresses, despite Lions losing 1-3 in Dubai training tour opener SOCCER LIONS’ coach Jan Poulsen had a bonus in his debut on Monday: a splendid performance from a fellow-debu-tant, Mohammed Noh Rahman. The 20-year-old defender from Geylang United gave the
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    • 322 9  -  CHAN TSE CHUEEN IN KUALA LUMPUR LAST year, Jennifer Tan gave Singapore its best result at the CGU Asian Bowling Tour Grand Slam Finals. In Kuala Lumpur on Thursday, she went one better by reaching the final. There was also a bonus for
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    • 465 9 BADMINTON SINGAPORE will make its debut in this year’s Sudirman Cup as it returns to the European badminton circuit after a prolonged absence. According to Singapore Badminton Association secretary Robin Chan, the SBA has accepted director of coaching Hamid Khan’s
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  • MALAYSIA
    • 565 10  -  He wants urgent change to revive confidence in the court system so as not to hold up development LESLIE LAU IN KUALA LUMPUR MALAYSIA’S new Chief Justice wants to see urgent steps taken to revive confidence in the judiciary because of the “unpalatable fact”
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    • 361 10  -  By WAN HAMIDI HAMID IN KUKLALUMPUB FROMjjThursday, Umno leaders vsnir take questions from the public directly through the Internet. The live online chat starting at 3 pm wall kick off with Umno secretary-general Tan Sri Khalil Yaacob. Internet surfers can log on to
      THE SUN  -  361 words
    • 301 10 AFP, New Straits Times KUALA LUMPUR The government has defended a police raid on a retreat called Mount Hebron run by a Tai-wan-based Christian group in Perak, with Deputy Prime Minister Abdullah Ahmad Badawi warning the group of stern action
      – AFP,; New Straits Times  -  301 words

  • SOUTH-EAST ASIA
    • 236 11 AFP YANGON Myanmar’s junta has ordered the state-run media to halt its stream of attacks on opposition leader Aung San Suu Kyi, in a sign of a thaw between the two sides as they edge towards a landmark dialogue. For the first
      – AFP  -  236 words
    • 536 11  -  Military chiefs and ministers abandon Philippine leader in quick succession and opponents tell him: Resign now By ARTURO BARIUAD STRAITS TIMES PHILIPPINES BUREAU MANILA It is all but over for Philippine President Joseph Estrada. The former movie star’s government virtually collapsed yesterday, following waves of defections by
      ENRIQUE SORIANO  -  536 words

  • COMMENT
    • 579 12 WEDNESDAY JANUARY 17,2001 HEALTH Minister Lim Hng Kiang’s intervention on health care, announced last week as the Faculty Practice Plan, has as its main focus the retention of doctors in government service. Free-market realities everywhere are that the higher earnings in private practice, and the
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    • 597 12 TUESDAY JANUARY 16, 2001 There will be speculation aplenty about what drove the Myanmar military government to reopen talks with the opposition leader, Ms Aung San Suu Kyi, six years after the first contact. Myanmar had been in a state of suspended animation in that time,
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    • 912 12  -  SATURDAY With CHUA LEE HOONG ONE of the fastest ways to get rich is to start a religion, some wag once said. He should have added that it is also one of the fastest ways to become powerful and famous. Within eight
      APPLE DAILY  -  912 words

  • COMMENT/PERSPECTIVE
    • 848 13  -  MY VIEW By M. MRMALA A YOUNG, well-dressed girl was working in a small shop, selling silk pouches, cushion covers and other pretty items. She spoke and my mind reeled. “Can I helptch you?” she asked. Her English was poor,
      LUDWIG I LICK  -  848 words
    • 890 13  -  HEART TO HEART With ASAD LATIF A BOY of about seven, accompanied by a younger girl playing his sister, is watching a rehearsal in a house in Calcutta. It is the *****. The children have only minor roles in the play, but they know' that
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  • INSIGHT
    • 1685 14 The recent arrest of 15 Falungong followers has raised several issues concerning the movement here: Does it pose a law-and-order problem? Has it been “politicised” by Chinese nationals? Is it more than just a practice to cultivate physical well-being? INSIGHT goes searching
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    • 313 14 FALUNGONG or Falun Dafa means the practice of the wheel of Dharma, which is an original Sanskrit word used commonly by Buddhists to refer to the impermanent and interdependent nature of all life forms. The practice incorporates mainly Buddhist and Taoist principles which are
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    • 1087 15  -  THINKING ALOUD By IRENE NG MR MALIK Tahir has done it again. Remember the Malaysian who wrote to justify Malaysia’s perception of Singapore as a younger brother, and who said that Malaysia would cut off the water supply to Singapore if the Republic continues
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  • MONEY
    • 269 16 HEAVY selling of index heavyweight blue-chip stocks amid concerns of a slowdown in the domestic economy dragged the local market to weaker close this week. The benchmark Straits Times Index (STI) fell 12.63 points over the week to end at 1,906.89. Monday: A spurt
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    • 2396 16 Company Date ann Net earn TY LY <Sm) <$m> EPS TY LY (cts) (cts) ASTI Sep 05 1 6.182 2.476 4.69 2.39 ABR Hldgs Sep 19 1 2.343 0.491 1.21 0.26 ACE Dynamics Sep 05 1 0.537 0.517 0.54 0.63 Acma Sep 29 1 4.088 6.114 2.40 3.70
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    • 211 16 BONUS ISSUE Company Ratio Exdate Books dose Acc& Paymt NoelGifts one-for-two Allied one-for-two Strike one-for-one RIGHTS ISSUE Company Ratio Jan 8 Dec 20 Dec 6 Exdate Jan 11 Dec 26 Dec 11 Books close NA NA NA ACC Paymt China Motion one-for-four Dec 13 Dec 18 NA OTHERS
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    • 150 16 Company Place Date Time Avimo A The Regent S’pore Tanglin IV Level 2 1 Cuscaden Rd S'pore (*****5) Mar 5 1130am Aussino E 350 Orchard Road #16-07 Shaw House S'pore (*****8) Feb 8 3.00pm Goldtron E Copthorne Harbour View Hotel 81 Anson Road S'pore (*****8) Feb 7 2.30pm
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    • 77 16 Straits Times Index The Straits Times Index fell 12.63 points on the week to 1,906.89 points DAY CLOSE TURNOVER Monday Tuesday Wednesday Thursday Friday IT-SBI Index 1929.44 9.62) 1916.02 (-13.42) 1907.18 8.84) 1887.59 (-19.59 1906.89 (+19.30) 205.0m ($447.6m) 231.8m ($404.3m) 222.4m ($494.7m) 367.6m ($792.0m) 539m ($1.13bil) The
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    • 437 16 Payment (cts) Ex date Books close Pay date AP Breweries F 9N Feb 28 Mar5 Mar 16 Avimo 20c F 43 Mar 13 Mar 16 Mar 28 Avimo 20c F 1.7TE Mar 13 Mar 16 Mar 28 Casa 10c b 0.5 Apr 16 Apr 19 Apr 27 Cerebos
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    • 161 16 Company Description Spore Reinsurance The company announced that SGX had given in-principle approval for the proposed sub-division of each existing ordinary share of Si.00 each into 5 ordinary shares of $0.20 each. Ftairis Tech Proposed Bonus issue of 113,912,510 new ord shares of par value $0.10 each on
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    • 2518 17 UNIT TRUSTS FUNDS Jan 20,2001 Managers' prices (S$) UNIT TRUSTS t Aberdeen Asset Mot Asia Ltd Aberdeen Select Portfolio: Global MNC Fd 0.850 0.893 Global Technology Fd!** 0.930 0.977 UK Blue Chip Fd!** 0.855 0.899 American Opport Fd 0.901 0.947 Continental Euro Eqty Fd!** 1.196 1.257 Japan Eqty Fd!** 1.196
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    • 139 17 Foreign Currency Note Rates (9am, Jan 19) Buying OD Selling Singapore dollars to one unit of foreign currency Australian dollar 0.9660 0.9850 Canadian dollar 1.1380 1.1620 NZ dollar 0.7760 0.7930 Sterling pound 2.5490 2.5760 US dollar 1.7320 1.7440 Singapore dollars to 100 units of foreign currency Austrian schilling 11.81
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    • 597 17  -  Easing of rules may make for more dynamic workplaces with more leisure and sports facilities Reports by CORNELIA TAN PROPERTY REPORTER INDUSTRIAL parks are going to look decidedly different thanks to new guidelines which aim to turn the sterile workplaces into “work-live-learn-play” environments. Not
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    • 266 17  -  By By DENESH DIVYANATHAN TECHNOLOGY REPORTER STARHUB could be involved in a US$3OO million (Sss2l million) undersea cable project with fellow British Telecom unit Maxis Communications, linking Singapore and Kuala Lumpur to two Indian cities. The development would put the new cable in competition
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    • 4854 18 Transaction date: Jan 19,***** MULTI INDUSTRY 52-Wk Curr Last High Low Company Traded Sale ♦orVol OOO Day High Low Gi-s Div Net M Cap P/E $mil Wt Avq Price 158 64 m c Acma 50c 67.5 +0.5 132 68 66.5 5 8.4 117.1 67 43
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    • 1194 19 BONDS, LOANS WARRANTS Transaction date: Jan 19, ***** 52-Wk High Low Last Company Sale ♦orVol '000 Day Hiqh Low Last Quote Buyer Seller m Avg Price 47 1 s Acma W*****4 1 -1 6 1 1 1 2 2 26.5 2.5 s AIITech W*****7 3 4 3 31 13.5 s
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    • 1139 19 52-Wk High Low Curr Last Company Traded Sale ♦orVol •000 Day High Low Gr's Dlv Net P/E M Cap $mil Wt Avg Price MANUFACTURING 200 71.5 c AS Auto 10c 76.5 ♦4 568 77.5 73.5 10 N 30.6 100.4 74 82 30 c ASJ Hldgs 20c 48 unch
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    • 382 20  -  Salomon Smith Barney, ÜBS Warburg and Morgan Stanley Dean Witter can now buy and sell securities directly CHEE JAW PERNG COMPANIES reporter ANOTHER three international brokerages have been admitted as members allowed to buy and sell securities directly in the lo- cal market by
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    • 216 20 Bloomberg News SINGAPORE’S retail sales growth accelerated for the first time in four months in November, helped by rising sales of watches and jewellery. Retail sales rose 19-6 per cent from November 1999 to $2.5 billion last year, the Department of Statistics
      Bloomberg News  -  216 words
    • 250 20  -  *IL LEONG CHAN TEIK WOOED by fund managers, Singaporeans have been quick off the block to invest their newly freed-up Central Provident Fund (CPF) savings. From Jan 1, the requirement for them to set aside a minimum sum for retirement before investments are
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    • 263 20 SINGAPORE’S foreign trade growth is expected to slow to 7 to 9 per cent this year from the sparkling 23 per cent expansion last year the highest rate since 198(3. Total trade hita record high 0f,5470 billion last year. That robust performance w'as driven
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    • 286 20 CREATIVE Technology' and mainboard-listed Dragon Land will develop jointly a “Silicon Valley-like” high-technology industrial park in China believed to be the first of its kind by private Singapore investors. Roughly the size of the entire Toa Payoh estate, the 250hectare “Creative Dragon Park”
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  • Page 21 Advertisements
    • 937 21 The Straits Times Weekly Edition APPOINTMENTS Wildlife Reserves snGAPoee L: r-ifc ZOOtOGICfII y sfleoeis SINGAPORE 4 JURONGBIRDPARK An opportunity to work with three of the best wildlife attractions... DIRECTOR (FINANCE) Reporting to the Deputy Chief Executive Officer, you will provide strategic leadership and be instrumental in developing, implementing and consolidating
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  • Page 22 Advertisements
    • 1027 22 im Compassion CollegialiK) Learning Tea eking Integrity Prof ism Lx pect ence I Makes l’s Wl.al We A At the National University Hospital, we are committed to personalised, specialised and cost-effective care of the highest quality within an environment of intensive research and excellent medical education. If this resonates w
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  • FORUM
    • 259 23 I REFER to the report, “Super chamber to get help from new Bill” (ST, Jan 10). There is a rather obvious contradiction between the Trade and Industry Minister George Yeo’s comment that the Singapore Business Federation (SBF) is a private-sector-driven initiative and the
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    • 406 23 I REFER to Ms Chua Lee Hoong’s commentary, “Politics of charity money” (ST, Jan 10), and Mr Alex Ren Ziming’s letter on the subject (“There’s profit in corporate charity”; ST, Jan 12). Ms Chua says that corporate giving is based on “lots
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    • 419 23 THE commentary, “The elderly: As fine as aged wine” (ST, Jan 12), by Mr Andy Ho was interesting, supported by many statistics and a clutch of arguments for letting senior citizens continue working indefinitely. As a senior citizen of many years’ standing, I would
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    • 234 23 MUCH publicity has been given to the enormous benefits of life-science research and how new biotechnological products are benefiting man and his environment. Today, we have better medicines, can correct defective genes and bring about better nutritional products, crops and livestock. We can even
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  • 458 24  -  Expecting another record number of visitors here, STB predicts 8% increase in arrivals KOH BOON PIN CONSUMER CORRESPONDENT DESPITE predictions of an economic slowdown in the United States, the Singapore Tourism Board (STB) is confident of another record year in arrivals.
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  • 303 24 TWO lawyers were charged on Tuesday with copying computer data from Lee Lee, after they tendered their resignations from the law firm. Tan Su-Ean, 30, daughter of Senior Counsel Tan Kok Quan, and her colleague Eddee Ng Ka Luon, 29, allegedly committed the,offence last
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  • 444 24  -  81l LEONG WENG KAM IN THE end it came down to a choice between the District 9 condominium and the violin. So Mr K. Y. Wong, 44, sold his condo off Oxley Rise to buy his talented son the $630,000 violin. That decision gave
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