The Straits Times : Weekly Overseas Edition, 5 May 2001

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Total Pages: 24
1 24 The Straits Times : Weekly Overseas Edition
  • 19 1 The Straits Times Weekly Edition Saturday May 5,2001 Price: S$ 1.20 (in Singapore) Elsewhere by subscription only MITA 072/08/2000
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  • 529 1  -  Full recession unlikely, but if the slowdown is severe, Government will introduce measures to help nation's employers and workers By i AHMAD OSMAN THE good news: Singapore is unlikely to be hit by a Ml recession. The bad news: The unemployment rate may go
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  • 408 1  -  Suzanne Sng and Samuel Lee YOUNG, beautiful and talented. Don’t you just hate the five newest stars-in-the-making on Channel U already? Going by the names of Jeanette Aw, Adam Chen, Eelyn Kok, Gabrielle Lee and Sean Lee, this quintet of 20somethings are the freshest pretty
    HOW HWEE YOUNG  -  408 words
  • Page 1 Advertisements
    • 60 1 Infrastructure boost s3b For New MRT, Expressway Two massive spending programmes to extend the MRT Circle Line and build a new high-speed road link to the north-east are announced page 4 Countries in crisis South-east Asian Showdowns Worst street violence since Marcos was deposed rocks central Manila while Gus Dur
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    • 2 1 *****1 *****6
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  • PRIME
    • 613 2  -  Early problems overcome, the Singapore-China venture is on the road to a listing in three years By KAO CHEN SENIOR CORRESPONDENT THE Suzhou Industrial Park is now widely viewed in China as the best industrial park in the country, beating its competition hands down, said JTC
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    • 86 2 CMLnUCnLY AlimtAL The last thing Madam Phua Chak, 90, expected while waiting in Mount Elizabeth Medical Centre’s lobby yesterday morning was to find a car heading through the glass doors towards her. A 30-year-old businesswoman had lost control of her vehicle. Fortunately, a valet was not at his
      DARRENSOH  -  86 words
    • 281 2  -  By LOUISE BRANSON STRAITS TIMES UNITED STATES BUREAU WASHINGTON Singapore hopes that the “Open Skies” agreement signed with four other countries would stimulate more interest and show that airlines could be strong competitors in their own right. Communications and Information Technology Minister Yeo Cheow
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    • 434 2  -  By SANDRA DAVIE EDUCATION CORRESPONDENT SEVERAL National University of Singapore professors have had their pay cut following a salary review late last year. This has led to some of them leaving. The salaries of the university’s 1,600 academic staff were reviewed based
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    • 262 3  -  Ĕ1 WONG FEI WAN A DIVORCED mother of three who made an illicit living out of hardcore pornographic films in the heart of the city was jailed for a year on Wednesday. Lim Kwee Kee, 41, was also fined the maximum $170,000 for running her
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    • 587 3  -  SM Lee cites frank dialogue with Malay/Muslim leaders as an indication of progress made By IRENE NG POLITICAL CORRESPONDENT HERE is a summary of Senior Minister Lee Kuan Yew’s report card on racial integration in Singapore: Signs of progress.
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    • 261 3  -  Br CHAN KAY MIN THIS is one Hercules of a military vehicle and, yet, it is incredibly light-footed. Although it can haul five tonnes of cargo over muddy ground, climb up steep slopes and even swim in water with ease, it has a ground pressure
      PROJECT EYEBALL  -  261 words
    • 180 3  -  Br. ELENA CHONG A LORRY driver was jailed for 12 months and fined $30,000 for smuggling in more than 5,000 kg of meat a record seizure. Superamaniam Munisamy, 45, a Malaysian, admitted bringing in 167 cartons of pig intestines and 20 cartons of
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  • HOME
    • 243 4 Over the next five years, $3 billion will be spent to build the Kallang/ Paya Lebar Expressway which will serve the north-east sector, and a rail connection from Stadium Boulevard to Upper Paya Lebar. Both projects are expected to be completed by 2006. KALLANG/ PAYA LEBAR
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    • 561 4  -  New infrastructure projects second phase in Circle Line construction and expressway to the north-east announced By] KARAMJIT KAUR IT WILL cost $3 billion to extend the Marina Line to Upper Paya Lebar Road, and to build a new mainly-underground expressway to service the northeast
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    • 416 4  -  By LAUREL TEO YOUNG people setting up homes may not have to move to far-flung estates, where the tarmac on roads has barely dried and stores have yet to set up business. With more new housing coming up in older towns such as Bukit Merah,
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    • 599 5  -  NTUC chief reveals that current slowdown has also led to shorter working weeks and retrenchment for some workers MAY DAY RALLY fit JASON LEOW ABOUT 4,500 workers from seven companies have been laid off temporarily. Another 3,800 workers are on shorter work weeks, while just
      ALBERT SIM  -  599 words
    • 476 5  -  By CHANG AI-LIEN HERE’S a formula for developing innovative new products: Take a chunk of Israeli’s expertise in scientific research and development Add dollops of Singapore’s experience in technology transfer, manufacturing and marketing. Result: 14 joint projects so far from developing choles-terol-lowering and anti-diabe-tes products
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    • 257 5 MAY Day was a day of rest for Singapore workers but it was also an opportunity for fun, music, superstar-gazing and a few sobering messages from Singapore’s leaders. This year’s rally was the biggest in a decade, with 60,000 workers gathered at the National
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    • 407 6  -  In two years, more than 250 Earents have asked for the law's elp to protect them from abuse By BRAEMA MATHI COMMUNITY CORRESPONDENT THERE are some Singaporean parents who need protection from abuse, including physical violence, from their children. They
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    • 293 6 A MAN who allegedly held a knife against the neck of a woman and kept police at bay for almost an hour at a shopping mall in Hougang was charged in court on Monday with attempted armed robbery. No plea was taken from Kingsly Chia
      LIANHE ZAOBAO  -  293 words
    • 238 6 THE weight of nearly 300,000 double-decker buses in marine clay is disposed of every year in Singapore. The clay covers half the island and three million tonnes of it, excavated at the country’s building sites, have to be dumped on offshore islands. Or
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    • 463 6  -  By IRENE NG POLITICAL CORRESPONDENT THE Malay edition of Senior Minister Lee Kuan Yew’s first volume of his memoirs, The Singapore Story, hit the bookshops on Monday. SM Lee said he would like the book, titled Kisah Singapura, to be read first
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    • 556 7  -  Some tuition agencies tell tutors to deceive parents about their qualifications and experience By. JANE LEE and SYLVIA LOW CLARISSE Lim, 11, had been having problems with mathematics. So, her mother, Madam Kelly Lek, 36, an administrative executive, decided to get her daughter a private
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    • 286 7 A BOOKWORM’S paradise is what the newly-opened Woodlands Regional Library can claim to be, with its collection of 420,000 books making it the largest library in Singapore. Part of the new $l4O million Woodlands Civic Centre, the library is just one of the many attractions at
      LIANHE ZAOBAO  -  286 words
    • 524 7  -  RAFFLES TOWN CLUB SAGA Bn KAREN WONG THE drawn-out battle for control over Raffles Town Club is finally over. The feuding parties reached an out-of-court settlement late on Monday afternoon, after about two weeks of intense negotiations. There is a gag order on the
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    • 377 8  -  Announcement comes days after unprecedented rally to raise money for Workers’ Party boss *L AHMAD OSMAN MR J.B. Jeyaretnam, 76, is giving up his post as secretarygeneral of the Workers’ Party, which he has led for the past 30 years. “It is time I
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    • 155 8  -  By AHMAD OSMAN and G. SIVAKKUMARAN WORKERS’ Party chief J. B. Jeyaretnam, 76, felt like he was 26 years old when he spoke to the crowd at a rally to raise funds to save his political career. “What you are doing is to make
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    • 190 8 FOUR Chinese nationals all Falungong supporters who held an illegal assembly at Macßitchie Park last December have been asked to leave Singapore. Another eight supporters, also Chinese nationals, will be allowed to stay, provided they behave themselves. One other has already left the country. Singapore
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  • Page 8 Miscellaneous
    • 1062 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
    • 278 9  -  RUGBY By GERARD WONG FORMER national rugby skipper Sam Chan has been named the new coach of the Anchor Reds, breaking a five-year foreign stranglehold on the national post. The 29-year-old’s new twoyear appointment was announced by the Singapore Rugby Union last week at the
      HOW HWEE YOUNG  -  278 words
    • 455 9  -  Pair fail to make last eight at world championships as fatigue takes heavy toll on them TABLE TENNIS By CHAN TSE CHUEEN IN OSAKA LI JIAWEI and Jing Junhong lost their fourth-round ties at the World Table Tennis Championships on Thursday, effectively ending Singapore’s
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    • 396 9  -  BADMINTON By < GERARD WONG SINGAPORE’S ambitious dreams of making the Asia Cup semi-finals may have turned into dust on Thursday night, but at least it was not a second 0-3 whitewash that sealed the Republic’s fate at the Singapore Indoor Stadium. Thanks to Indra Wijaya’s
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    • 205 9  -  SOCCER By, JEFFREY LOW SOCCER CORRESPONDENT SEVEN rounds into the 2001 S-League season, not a single dope test, not even one case for the lie-detector. It could mean one of two things: Either the League is so squeaky clean that no one has come
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  • MALAYSIA
    • 473 10  -  By BRENDAN PEREIRA MALAYSIA CORRESPONDENT KUALA LUMPUR Malaysia’s Cabinet has decided that all top secondary-school students eligible for a special programme to tertiary education will be given places in local universities, irrespective of their race. Deputy Prime Minister Datuk Seri Abdullah Badawi, speaking on the plight
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    • 404 10  -  By REME AHMAD INKUALA LUMPUR MALAYSIA has scrapped its cumbersome 10-per-cent exit levy on stock-market profits taken out of the country by foreign funds within a year in a bid to entice foreign investors back into the struggling market. The levy was the
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    • 61 10 OSTRICH FARM A BIG HIT: Riding an ostrich can be fun and the novelty is drawing tourists to Malaysia’s first ostrich farm in Seremban. On weekends and public holidays, tourists in coaches and cars flock to the farm to have fun with the animals and
      NEW STRAITS TIMES  -  61 words
    • 231 10 PETALING JAYA About 150,000 workers in Malaysia are expected to lose their jobs this year because of a slowdown in the US economy, according to the country’s labour movement. The Malaysian Trades Union Congress (MTUC), which made the claim, urged the government
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    • 361 10 AP, AFP KUALA LUMPUR Robin Hood-style pirates in Indonesian waters are sharing their loot with poor villagers, who in turn shield the robbers from the authorities and help make the area the riskiest in the world for shipping. This information was released on
      AP,; AFP  -  361 words

  • SOUTH-EAST ASIA
    • SHOWDOWNS IN MANILA, JAKARTA
      • 460 11  -  Arroyo declares ‘state of rebellion’, orders arrest of ringleaders in failed bid ESTRADA LOYALISTS RIOT, BUT... ARTURO BARIUAD STRAITS TIMES PHILIPPINES BUREAU MANILA In a bold move to save her three-month-old administration, Philippine President Gloria Arroyo declared a “state of rebellion” and ordered the arrest of top opposition
        AP  -  460 words
      • 404 11  -  Parliament’s move makes it unlikely that Gus Dur will finish his term; no backlash from his supporters as feared NO VIOLENCE, BUT... By DERWIN PEREIRA STRAITS TIMES INDONESIA BUREAU JAKARTA President Abdurrahman Wahid faces likely impeachment after legislators voted overwhelmingly to issue a second censure against
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    • 377 11  -  By EDWARD TANG INYANGON RECONCILIATION talks between the Myanmar government and opposition leader Aung San Suu Kyi were at a “complex and delicate” stage but the signs of a political thaw were encouraging, said its foreign minister. The positive news emerged at the end of a
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  • COMMENT
    • 548 12 MONDAY APRIL 30,2001 SINGAPORE ranked second in the world this year in an annual survey of online government initiatives conducted by Accenture, a consulting firm. But the Republic must strive to do better next year. Singapore scored 45.03 points out of a possible 100 for extent of on-line
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    • 587 12 WEDNESDAY MAY 2,2001 THE cliff-hanger in Jakarta that had a nail-biting Indonesia on the precipice on Monday ended in an anti-climax, and what a good anti-climax it was! Mercifully, mayhem from President Abdurrahman Wahid’s suicide squads was averted, thanks in part to good sense,
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    • 970 12  -  SATURDAY With CHUA LEE HOONG WHAT’S a right? What’s a privilege? Like muddy eddies joining into a stream, the recent discourse on the right to vote has taken on a life of its own and proven as potentially treacherous as it is
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  • COMMENT/PERSPECTIVE
    • 862 13  -  MY VIEW By TAN TARN HOW THEY are mavericks, yet they are important in several ways. I am referring to the Think Centre and the jokers there who pulled a fast one over everyone on April Fool’s Day by declaring a team would
      LUDWIG ILIO  -  862 words
    • 878 13  -  HEART TO HEART WITH ASAD LATIF I KNEW a foreign diplomat who had seen a fair bit of the world. Naturally, he was a cynic and some of his cynicism was directed at Singapore. However, he told me this country was one of the few
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  • INSIGHT
    • 1640 14 The Government shares its economic surpluses with the people through CPF top-ups. But 187,000 Singaporeans missed out on the first top-up payment in January. Is the scheme the best way to spread the goodies? Are there more equitable ways to do it
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    • 133 14 The top-up is insignificant to many people in the higher- or even middle-income brackets. Instead of including them among beneficiaries of the scheme, why not restrict it to lower-income groups? That way, they receive larger amounts which make a sizeable difference to their lives. The
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    • 1468 15  -  THINKING ALOUD By HANFOOK KWANG SHOULD an overseas government employee be favoured over his private-sector counterpart when it comes to voting in a General Election? Where voting is concerned, is there any difference between an overseas student on a government scholarship and one who is being
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  • MONEY
    • 286 16 THE US economy’s buoyant outlook boosted investor confidence in the Singapore market this week, on expectations that the worst may be over. Widespread buying of blue chips and technology stocks early in the week propped up the Straits Times Index to the
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    • 2078 16 Company Date arm Net earn TY LY EPS TY LY tets) (cts) ABR Hldgs 31-Mar P 6.565 1.705 3.4 0.73 ACE Dynamics 27-Mar P 0.182 0.799 0.18 0.9 Acma 31-Mar P 6.522 12.989L 3.8 7.91 Adroit 5-Mar 1 5.887L 0.4O4L 2.4L 03L AEM Evertech 29-Mar P 9.693 8.673
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    • 81 16 BONUS issue Company Ratio Ex- Books Acc date dose Paymt Cytech one-for-one 25-May 30-May NA Noble Grp one-for-four 22-May 25-May NA Etoc&Ettok one-(or-five 20-Apr 25-Apr NA CEI one-for-ftve 24-Apr 27-Apr NA Sunlight one-for-two 15-Feb 20-Feb NA RIGHTS ISSUE Ex- Books Acc Compeny Ratio Pate dose Paymt OTHERS Ex-
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    • 345 16 Company Plata Date Tima Bonvests Hkfcj A Sheraton Towers S'pore 39 Scotts Road Level 2 Function Room S’pore (*****0) 29-May 2.30pm Wan Shing A Connaught Road Level 2 Carlton Hotel S'pore 76 Bras Basalt Rd S'pore *****8) 26-May 10.30am Smg Lun A 30 MarsJHng Lane S'pore (*****9) 25-May
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    • 98 16 Company Description AST! Hkfgs Proposed Renounceable Rights Issuo of 79,146,001 now ord shores of SSO.lO each AND Proposed renounceable rights Issue of *****,000 warrants to subscribe for Z6.382.000 New Ord shares of S$O.K> each in the capita! of the Co. In conjunction with transferable loan facility •n the
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    • 73 16 Straits fiats ladex The Straits Thnes Mn rase 28.39 paints m toe mt to 1,714.84 DAY CLOSE TURNOVER Monday 1722.72 (+36.27) 360.1m ($4263m) Tuesday Public Holiday Wednesday 1737.66 (+14.94) 666.9<$729.4m) Thursday 1734.23 3.43) 518.5m <$6033m) Friday 1714.84 (-19.39) 327.4m (3403.2m) IT-SH Max The BT-SW Mai fail 0.8«
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    • 1075 16 Payment Ex Bcwks pw tcti) <*t. clo» data Acma 50c F 0.25 08-Jun 13-Jun 23-Aug A*igreen Prop 50c F 3 05-Jun 08-Jon 25-Jun ASJ 20c b 0.75 10-May 15-May 3VMay Auric Pac 50c F 3N 30-Apr 04-May 23-May Austraiand A50c m A3n 06-Jun TVJun 22-Jun Ayaia BRC 2.5c
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    • 2922 17 UNIT TRUSTS FUNDS May 5,***** Managers' prices (S$) UNIT TRUSTS Ulrtnl Asset Aberdeen Select Portfolio: Global MNC Fd 0.790 0.830 Global Technology Fd!** 0.742 0.780 UK Blue Chip Fd!** 0.792 0.833 American Opport Fd 0.880 0.925 Cont Euro Eqty Fd!** 1.112 1.169 Japan Eqty Fd!"* 1.322 1.389 Asian Fixed Income
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    • 167 17 Foreign Currency Note Rates (9am, May 4) Buying OD Selling Singapore dollars to one unit of foreign currency Australian dollar 0.9350 0.9480 Canadian dollar 1.1770 1.2010 NZ dollar 0.7590 0.7830 Sterling pound 2.6020 2.6290 US dollar 1.8160 1.8270 Singapore dollars to 100 units of foreign currency Austrian schilling 11.66
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    • 364 17  -  Among its favourites are index stocks of companies with strong cash flows ana balance sheets By IGNATIUS LOW FINANCE CORRESPONDENT SINGAPORE blue-chip stocks have been oversold and are undervalued currently, according to top investment strategists at ÜBS Asset Management (ÜBSAM), who manage more
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    • 179 17 HIT by the slowdown in the US economy and ailing personalcomputer markets worldwide, a unit of global electronics giant Hitachi is laying off 221 staff from its Singapore workforce. Hitachi Electronic Devices said the staff were served notice on Monday morning. Of those retrenched, 188
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    • 3597 18 Transaction date: May 4, 2001 MULTI INDUSTRY 52-Wk Curr Last Vol Dev CHS Net M Cap Wt Avg High Low Company T rated Sale ♦or'000 High Low Div P/E Smll Price 31 0.5 12.6 833 9.1 48 12 10 11 12 11 61.5 6 10.5
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    • 1109 19 BONDS, LOANS WARRANTS Transaction date: May 4, 2001 52-Wk High Low Company Last Sale ♦orVol '000 Day High Low Last Quote Buyer Setter Wt Avg Price 37 0.5 s Acma W*****4 „0.5 0.5 1 22 2.5 s AIITech W*****7 3 2.5 3 31 13.5 s Amtek W*****0 -20 -0.5 22
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    • 1146 19 52-Wk High Low Curr Lost Company Traded Solo ♦orVol '000 d»y High Low Gr*s Div Net P/E M Cap $mil Wt Avg Price MANUFACTURING 168 43 c *ASAuto10c_ 58.5 ♦1 214 583 56.5 10 N 23.4 76.8 56 82 30 c ASJ Hidgs 20c 48.5 cd 3.8 7.8
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    • 370 20  -  By LORNA TAN IN A further sign that economic storm clouds are gathering on the horizon, credit card spending in the first quarter of this year fell by a staggering 12 per cent to $2.6 billion. The drop, from the previous quarter’s $3
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    • 367 20 It may not release more land in new estates, if a review shows the market has little interest, according to Mah Bow Tan THE Government may not release more land for private housing in the new estates if the market softens and shows little
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    • 324 20  -  By LEONG CHAN TEIK STRATECH Systems’ state-of-the-art weapons-scoring system, Super Bulls Eye, has been granted patents by the Singaporean, Chinese and Australian authorities. The patents from Singapore’s Registry of Patents and its counterparts cover 20 years, said mainboard-listed Stratech. In addition, Super Bulls Eye, which
      ARTHUR LEE/BT  -  324 words
    • 328 20  -  By By DENESH DIVYANATHAN TECHNOLOGY REPORTER SEEKING to shake off its Singapore Inc image, the Government has moved swiftly to give up its right to override commercial decisions at Singapore Telecom. It announced last week that it would surrender the veto right held via
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  • Page 21 Advertisements
    • 635 21 The Straits Times Weekly Edition Where custom# 1 focused talent V. MB Hf v. ~/P m BUYER Dynamic. Performance-oriented. Proven track record. (we are talking about the available positions.] Audi Asia Pacific is looking for resourceful individuals to join its team as: COUNTRY MANAGER Job responsibilities include: Our requirements: gain
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  • Page 22 Advertisements
    • 970 22 1 BNP PARIBAS BNP PARIBAS SINGAPORE BRANCH, a leading global French bank has transformed into an exciting new identity for the new millennium. One of dynamism and progress. To let this aspiration take flight, we invite outstanding individuals to join us as: CAPITAL MARKETS MIDDLE OFFICE ANALYST You will be
      970 words

  • FORUM
    • 191 23 I REFER to Mr Tan Yap Kwang’s letter, “Teacher librarians are equipped for job” (ST, May 1). He explained that teachers managing school media resource libraries had basic skills to manage a school library and listed the training provided to them. Having taught some
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    • 117 23 I AM writing because I was dismayed with the reply I received when I asked a student about the purpose of his school’s fund-raising. He was dressed in his school uniform and looked very earnest. Still, he had no idea why he was on the
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    • 327 23 I REFER to “More help for the terminally-ill” by Mr Chew Chee Meng (ST, April 30). I share Mr Chew’s disappointment in the standard reply given by the Ministry of Health on appeals for more help and the prescription of non-standard drugs. If the reason
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    • 377 23 PRIME Minister Goh Chok Tong bemoaned recently the loss of Singaporeans who choose to leave the country for a better 1 ife abroad and urged us to strengthen the bonds to the country (“Come home, Generation M”; April 14). This is ironic when, at the
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    • 179 23 THE Singapore Dental Association Council 2000/01 would like to issue the following clarification on the Guideline of Fees, sent to members in March. The guideline was developed after much study, to set appropriate benchmarks for the cost of delivering “high quality, cost-effective” dental treatment
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  • 71 24 EMERGENCY EXIT An SBS bus went up in flames along Eu Tong Sen Street on Thursday evening, but no one was hurt. The driver had earlier sensed a burning smell and told the dozen-odd passengers to get off. The fire is believed to have started in the engine
    PROJECT EYEBALL  -  71 words
  • 460 24  -  For 21st year, labour force tops US ranking, this time with a perfect score in technical skills Bj L JASON LEOW SINGAPORE workers have been rated tops in the world again. And they have been given a perfect score for technical skills, according to the
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  • 429 24 ‘Hungry nations pose threat SINGAPOREANS must be prepared for a tough year but they should look beyond the economic slowdown and also worry about longer-term issues. One key challenge is competition from countries in the region where people are hungry for development and growth, Deputy Prime Minister Lee Hsien Loong
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  • 332 24  -  *L PAULINE LEONG RETIREES can soon rent out their HDB flats or private properties and use the income to pay for their stay abroad. Under a new lifestyle programme which is targeted at physically-active retirees, NTUC Income will help homeowners to look for affordable
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