The Straits Times : Weekly Overseas Edition, 26 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 26,2001 Price: S$ 1.20 (in Singapore) Elsewhere by subscription only MITA 072/08/2000
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  • 478 1  -  SM: Singaporeans should not be resentful of the money that quality foreign talent can earn IGNATIUS LOW FINANCE CORRESPONDENT PAY top dollar if you want top talent. That was the message from the chairman of the Government of Singapore Investment Corporation (GIC), Senior Minister Lee
    ALAN LIM  -  478 words
  • 368 1  -  By DEBORAH NG AS THE use of SMS, or text messaging, on mobile phones continues to rise, some students and teachers said it is starting to affect the use of English in schools. Teachers told The Straits Times that some students are beginning to use
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  • Page 1 Advertisements
    • 60 1 M I RACLE RESCUE Lost At Sea, Survives On Win Drifting in the South China Sea off Malaysia, after he was left behind on a diving excursion, Latiff Mohamad came back from the dead PACE 6 S HOCKING MURDER Husband, Young Boy Charged Estranged husband charged with abetting 15-year-old secondary
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    • 2 1 *****1 *****6
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  • PRIME
    • 327 2  -  By SANDRA DAVIE EDUCATION CORRESPONDENT SOME 146 of the best and brightest engineering students from the region are coming here in July to study in an elite master’s degree programme conducted jointly by the National University of Singapore, the Nanyang Technological University and the Massachusetts
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    • 432 2  -  Half of July’s open-category certs will go under the hammer in tender next month, says Land Transport Authority By LESLIE KOH TRANSPORT CORRESPONDENT OPEN bidding for certificates of entitlement, w'hich gives bidders access to the going price at any time, begins on June 18 at
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    • 413 2  -  By IRENE NG POLITICAL CORRESPONDENT FIGHT hard, but fight fair. That is the message that Deputy Prime Minister Lee Hsien Loong has for the two media companies here, Singapore Press Holdings (SPH) and Media Corp, as they slug it out with new television channels
      ALAN LIM  -  413 words
    • 414 2  -  BiT PHILIP ALLEN THE Singapore-Latin American bid to scale Mount Everest has been called off. The team, dogged over the past seven weeks by minor health problems and bad weather, has been forced to abandon the expedition. Team leader David Lim, 36,
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    • 532 3  -  National Wages Council sets out wage guidelines for companies as reduced growth of 3.5 5.5 per cent is forecast for this year By AHMAD OSMAN WORKERS can expect wage increases smaller than last year’s, in view of the slowing economy. The National Wages Council
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    • 273 3  -  By 1 PAULA McCOY CHEWING gum may make a comeback here. The pharmaceutical company Pharmacia is asking the Government to re-think its blanket ban and allow sales of nicotine gum, which can help smokers to kick the habit. Pharmacia’s spokesman said: “We are seeking
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    • 300 3 THE policeman who allegedly brandished his gun after he was caught shoplifting has been charged in court with threatening to shoot two of the supermarket’s employees. Lim Kok Thai, 42, a station inspector attached to Criminal Investigation Department’s Secret Societies Branch, allegedly threatened to
      DESMOND FOO  -  300 words
    • 225 3  -  By C. SIVAKKUMARAN OPPOSITION MP Chiam See Tong has indicated that the opposition is a step closer to forging a formal alliance for the next General Election. He told The Straits Times he had submitted an application to the Registry of Societies to
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  • HOME
    • 344 4  -  Student accused of killing Hougang insurance agent Annie Leong and estranged nusband charged with abetting murder WONG FEI WAN and CHONG CHEE KIN A 15-YEAR-OLD secondaryschool student has been charged in a district court with murdering insurance agent Annie Leong Wai Muen. The thin,
      THE NEW PAPER  -  344 words
    • 281 4  -  Bii 1 CHONG CHEE KIN THE news about the suspects arrested was almost as shocking as the crime itself. A 15-year-old secondaryschool student was accused of killing insurance agent Annie Leong Wai Muen, leaving many people abuzz with unanswered questions: Why would he do it?
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    • 396 4 SOFTWARE company elipva has fired its co-founder and chief technology officer Dennis Lee for faking his credentials. After The Business Times raised questions about Mr Lee’s qualifications last week, elipva suspended Mr Lee and conducted an inquiry’ with its legal counsel, Drew Napier. On Thursday, after
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    • 219 5  -  BtQ WONG FEI WAN POPULAR Media Corp artiste Sharon Au has been fined $BOO and banned from driving for six months after she was convicted of using a mobile phone behind the wheel. The 25-year-old actress was driving a red BMW on Bras Basah
      SHIN MIN  -  219 words
    • 374 5  -  SI A will offer interactive games, a movie buffet and music on demand, even in economy class By KOH BOON PIN CONSUMER CORRESPONDENT IMAGINE the Singapore Girl as a gameshow hostess. “Ladies and gentlemen, well now be playing a game,” she announces shortly after take-off.
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    • 210 5  -  By, JEFFREY LOW SOCCER CORRESPONDENT FOR five precious minutes, paralysed former footballer S. Anthonysamy was given royal assurance that his childhood dream would soon come true by Britain’s Prince Andrew, no less. In those lilting minutes, the Duke of York gave the British monarchy a
      JAMES CROUCHER  -  210 words
    • 343 5  -  CHONG CHEE KIN LAWYER Bennett Lam Chung Meng, who went missing while fishing near the Horsburgh Lighthouse, has not been found more than three days after the incident. He and 11 other anglers had spent two nights on board a boat moored near the
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    • 284 5  -  Koh Boon Pin SHOPPERS may want to head for Toa Payoh Central for the Great Singapore Sale instead of going downtown. About 140 shops 90 per cent of the shopkeepers in Toa Payoh have banded together to take part for the first time
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    • 365 6  -  Alleged scam involving licensed moneylenders, agents, lawyers rips off proceeds from sales §!L I JULYN KANG CASH-STRAPPED flat owners wary of loansharks have fallen victim to a small group of unscrupulous licensed moneylenders. to get a loan from a bank or self tffeir'ffafcin time
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    • 266 6  -  §!L LIANG HWEE TING AFTER a month of intensive treatment for his eyesight, which deteriorated in the harsh Arctic cold, adventurer Khoo Swee Chiow has regained nearperfect vision. He is now hoping to take on the North Pole again early next year. The 36-year-old set off
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    • 469 6  -  Bi, 1 NEAL COOKE FROM Sunday morning until Monday afternoon, sport diver Latiff Mohamad floated alone in the South China Sea while his friends and family feared he had died. By the time he was fished out nearly 27 hours later, he was
      AZIZHUSSIN  -  469 words
    • 303 6  -  *L i OO GIN LEE DEVELOPERS of wireless technology now have more help to test and deploy their products and services. The Infocomm Development Authority of Singapore (IDA) announced on Tuesday that it was setting aside an initial sum of $9 million to stimulate
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    • 679 7  -  More are buying land there but beware of the many pitfalls, warn some financial experts §IL PAULA McCOY SINGAPOREANS are buying land in eastern Europe in the hope of making a quick buck, says an investment firm here that acts as a middleman
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    • 242 7  -  §!L CHANG AI-LIEN THERE is no vaccine or cure for hand, foot and mouth disease once someone is infected, whether he survives depends mainly on the ability of his immune system to fight the virus, according to an expert. Using proteins as tools, scientists
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    • 338 7  -  PIL DEBBIE GOH AN ADVANCE party of Singapore’s first armed peacekeepers in a United Nations mission began leaving for East Timor on Monday. A total of 66 men from the Singapore Armed Forces (SAF) will join the United Nations Transitional Administration in East Timor by
      LIANHE ZAOBAO  -  338 words
    • 333 7  -  §y. By MAMASI RAJAGOPALAN TWO years ago, 16-year-old Janis Leong was returning home from a football match in Bishan when a car ran a red light and hit her. The teenager broke her right shoulder and right ankle, and spent the next few months shuttling in and
      LAUFOOKKONG  -  333 words
    • 264 8  -  Company director allegedly set on fire. The victim ismliospitat with second-degree bums By WONG FEI WAN aiul SELINA LUM A 50-YEAR-OLD man who allegedly set his business partner ablaze has been charged in a district court. Ng Kwok Soon, a businessman, is accused of using
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    • 228 8 A STOREKEEPER who was struck on the head by a falling mop harbours no ill feelings at being a killer-litter victim. On the contrary, the father of four was relieved that the mop hit him, and not his youngest son whom he
      THE NEW PAPER  -  228 words




  • Page 8 Miscellaneous
    • 1061 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
    • 358 9  -  S-LEAGUE Bij < GERARD WONG FOOTBALL can be a funny game. Five weeks ago, one could hear the cheers from every comer of the S-League after defending champion Singapore Armed Forces FC stumbled to a 1-2 defeat by Geylang United a result
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    • 434 9  -  SOCCER iIL GERARD WONG THE Football Association of Singapore did not follow procedures, said Fifa, soccer’s world governing body. Fifa has not grasped the full situation, countered the FAS. The FAS last Saturday disclosed that it had lodged an appeal over Fifa’s disciplinary
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    • 76 9 VICTORIA Junior College’s Lucas Tan scored one of the fastest goals seen in Singapore, en route to bagging his side’s goals in its 3-1 win over AngloChinese Junior College at the Nanyang Technological University on Monday. The Schools’ National A Division final was only three
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    • 543 9  -  Indra s double and experience combine to earn 3-0 win in friendly against New Zealand SOCCER INTERNATIONAL By. JEFFREY LOW SOCCER CORRESPONDENT FIRST, Thailand. Now, New Zealand. Next, it could be the scalps of Vietnam, China and Saudi Arabia as the Lions grow from strength to
      TERENCE TAN  -  543 words

  • MALAYSIA
    • 445 10  -  By accepting Chinese members, Umno’s Sabah branch may set the trend for other branches By WAN HAMIDI HAMID IN KUALA LUMPUR UMNO"?vSitbah branch opened its doors to'Chirtbsemiembers of a disbanded Barisan NasionSl' component party and Prime Minister Mahathir Mohamad indicated he did not rule out
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    • 328 10  - She's getting married and she doesn't know about it SITI NURHAUZA FAN PULLS PRANK By 1 WAN HAMIDI HAMID IN KUALA LUMPUR THE invitations were sent out for a June 3 wedding. The only problem is that the bride popular singer Siti Nurhaliza, 22 is unaware of the event. Nor
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    • 320 10  -  By BRENDAN PEREIRA MALAYSIA CORRESPONDENT KUALA LUMPUR The government is breaking new ground to check the serious decline on the knowledge of English among students, including hiring teachers from Britain and the US and placing foreign university students in schools here on a short-term
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    • 319 10  -  By BRENDAN PEREIRA MALAYSIA CORRESPONDENT KUALA LUMPUR Malaysian Prime Minister Mahathir Mohamad played the perfect host to three opposition leaders on Thursday and then sent them away empty-handed rejecting pleas to allow Anwar Ibrahim to seek medical treatment abroad. For one hour, the trio used three
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    • 193 10  -  Leslie Lau MALAYSIA is studying the example of Singapore and other countries in formulating an Internet content code. The government has also re-affirmed its stand on not censoring the Internet, but says it wants to curb its abuse as a medium to spread lies of
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  • SOUTH-EAST ASIA
    • 483 11  -  President’s overtures viewed with suspicion as he appears to favour calling state of emergency DERWIN PEREIRA STRAITS TIMES INDONESIA BUREAU JAKARTA President Abdurrahman Wahid has held out an olive branch to hawkish generals of the Indonesian armed forces (TNI), assuring them he
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    • 385 11 Tension mounts in Jakarta as the standoff between trie President and his opponents intensifies. DEVI ASMAIAM takes us th rough last weekend’s events, rife with speculation that Gus Dur would replace military top b rass, decla re a state of emergency and dissolve Parliament to outmanoeuvre his
      AFP  -  385 words
    • 381 11  -  By. JAMES EAST STRAITS TIMES THAILAND BUREAU BANGKOK If Thai Senator Suradech Yasawasdi’s dream comes true, poor north-eastern rice farmers will find new careers as Mickey Mouse guides and roller-coaster attendants for Disney World. He hopes to persuade Disney to build a massive
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  • COMMENT
    • 583 12 SATURDAY MAY 19,2001 THE Government’s move to get banks in Singapore to provide basic banking services for small depositors is certainly one that cheers the ordinary folk. It is right and proper for the Monetary Authority of Singapore (MAS) to address this issue, because low-in-come depositors were
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    • 547 12 THURSDAY MAY 24,2001 THREE years after the worst of the Asian financial crisis of 1997-98, the market for negative commentary on Asia is still healthy. Last week, it was the turn of the American investment bank Morgan Stanley Dean Witter to weigh in. The classic “East Asian
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    • 1043 12  -  SATURDAY With CHUALEE HOONG WATCHING television used to be a cat-and-mouse game between myself and the advertisers. Whenever commercials came on, I’d hit the remote, searching for a snatch of programme that would give me value for the $llO televisionlicence fee I pay each
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  • COMMENT/PERSPECTIVE
    • 824 13  -  MY VIEW B,j TAN TARN HOW XIAN. The Hokkien word which most people would know means ennui or boredom, but is, in truth, untranslatable encapsulates what was for a friend, who was back recently from the US, the dominant mood
      CHRISTIAN INTON  -  824 words
    • 802 13  -  HEART TO HEART WITH ITH ASAD LATEF THE BBC and CNN are household words around the world. They are also Western media icons. Globalisation is bringing the world closer. Consequently, the BBC’s and CNN’s power will grow. The two broadcasters will compete fiercely with each
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  • INSIGHT
    • 1671 14 Say ‘intelligence and you think of spy planes secret tapes and hidden cameras. But the reality is less cloak-and-dagger—it helps lessen surprises, prevent blow-ups ana keep the peace bettveen nations. Political Correspondent YAP CHUM mdiscusses the role of intelligencegathering and takes a pĕek at the
      NOEL ROSALES  -  1,671 words
    • 1240 15  -  THINKING ALOUD B,j HAN FOOK KWANC PAP: 41; Opposition: 42 That’s the freak election result no one wants to see, but which many were afraid might happen not too long ago. What if it was: PAP: 83; Opposition: 0. That, to
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  • MONEY
    • 281 16 SHARES rose marginally this week with most action focused on second-line stocks. Investors were cautious on the heavyweights, on concerns they may be sold down after the rejig of the Morgan Stanley Capital International (MSCI) indexes. The Straits Times Index (STI) rose 25.11 points
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    • 74 16 Straits fiats Mcx T1m Straits Tines Mu rasa 2S.11 paints aa tfea week ta 1,687.75 DAY CLOSE TURNOVER Monday 1666.69 4.05) 285.4m ($342.2m) Tuesday 1682.3 (+15.61) 466.9m ($558ffl) Wednesday 1686.96 4.66) 575.6m($559.4m) Thursday 1692J8 5.42) 552.1m ($474.6m) Friday 1687.75 4.63) 740.6m <$459.4m) IT-SHMex Tha BT-SM Index rase
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    • 2118 16 Company Me ann Net earn TY LY <$m) (Sen) EPS TY LY (cts) (cts) ABR Hldgs 3t-Mar P 6.565 1.705 3.4 0.73 ACE Dynamics 15-May f 0.182 0.799 0.18 0.9 Acma 31-Mar P 6.522 12.989L 3.8 7.9L Adroit 5-Mar 1 5.887L 0.404L 2.4L 0.2L AEM Evertech 29-Mar P
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    • 109 16 BONUS ISSUE Company Ratio Ex- Books date dose Acc Paymt HuanHsin one-for-four 27-Jun 02-Jut NA HiapMoh two-for-four 05-Jun 08-Jun NA Eastgate one-for-five 04-Jun 07-Jun NA RIGHTS ISSUE ExBooks Acc Company Ratio date dose Paymt ASTI Hldgs three-for-five@$OJ27 28-May 31-May BBR Hldgs one-for-one @$0.05 04-Jun 07-Jun OTHERS ExBooks ACC
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    • 282 16 Company Place Oate Time Sunlight E 150 Ubi Ave 4 S'pore (*****5) 06-Jun 10.00am BBR A Board Room.BBR Building 50 Changi South St 1 S'pore<*****6) 31-May 10.00am Hwa Hong E Conference Room Level 2 38 South Bridge Road S'pore(*****2) 31-May 3.00pm Ciipsai A E The Pan Pacific S'pore
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    • 120 16 Company Ooscriptlon Wah Shing Proposed Renounceabie Rights Issue of 478,745,600 and a maximum of 907,200,000 new ordinary shares of HK$0.01 each at S$0.025 for each rights share, on the basis of two rights shares for every one existing share of HK$0.01 held in the capital of the company
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    • 1125 16 Payment Ex Books (cts) date close ABR 5c b 0.25 04-Jun 07-Jun 21-Jun Ac me 50c F 0.25 08-Jun 13-Jun 23-Aug Achieva 5c F 0.2 14-Jun 19-Jun 03-Jul A!lqre«n Prop 50c F 3 05-Jun 08-Jun 25-Jun Apollo Ent F 0.5 04-Jun Q7*Jun 19-Jun Armstrong 10c b 0.15 05-Jun
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    • 2934 17 UNIT TRUSTS FUNDS May 26, 2001 Managers' prices (S$) UNIT TRUSTS Atenten Asset Mft Asia Ltd Aberdeen Select Portfolio: Global MNC Fd 0.797 0.837 Global Technology Fd!** 0.730 0.768 UK Blue Chip Fd!** 0.788 0.828 American Opport Fd 0.877 0.922 Cont Euro Eqty Fd!** 1.082 1.137 Japan Eqty Fd!** 1.274
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    • 171 17 Foreign Currency Note Rates (9am, May 25) Buying OD Selling Singapore dollars to one unit of foreign currency Australian dollar 0.9280 0.9410 Canadian dollar 1.1560 1.1810 NZ dollar 0.7550 0.7780 Sterling pound 2.5290 2.5550 US dollar 1.7980 1.8090 Singapore dollars to 100 units of foreign currency Austrian schilling 11.13
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    • 385 17  -  There is no direct link and the two pools of money will remain separate even in future, he says GIC'S 20TH ANNIVERSARY IGNATIUS LOW FINANCE CORRESPONDENT THE Government of Singapore Investment Corporation (GIC) does not dip into Central Provident Fund (CPF) funds
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    • 237 17  -  Ignatius Low THE men and women who invest more than US$lOO billion (SslB2 billion) of Singapore’s national reserves overseas are trained to take calculated risks and these have paid off, resulting in above-average returns. The strategy helped the Government of Singapore Investment Corporation (GIC) team
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    • 4468 18 Transaction date: May 25, 2001 MULTI INDUSTRY Vol Gr*s Net Wt Avg □ay High Low Company Traded Sale ♦or000 High Low Dlv P/E Smll Price 143 35 c Aetna 50c 42 cd ♦2.5 159 42 39.5 0.5 n.i 72.9 40 8.7 246.8 622.5 10 67
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    • 951 19 BONDS, LOANS WARRANTS Transaction date: May 25,***** 52-Wk High Low Company Last Sale ♦orVol •ooo Day High Low Last Quote Buyer Seller m Avg Price 37 0.5 s Acma W*****4 .0.5 0.5 1 15 2.5 s AIITech W*****7 3 1 3 31 13.5 s Amtek W*****0 ....19 19 23 19
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    • 1489 19 52-Wk High Low Curr Last Company TradtO Salt ♦orVol '000 Day High Low Dr's Div Net P/E M Cap Wt Avg $mil Price MANUFACTURING 168 43 C AS Auto 10c 61.5 ♦1 689 62.5 59.5 10 N 24.6 80.8 59 A" 82 30 c ASJ Hldgs 20c 48.5
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    • 323 20  -  *L REBECCA LEE THE number of high-technology industrial start-ups almost doubled over the last five years, a study by the Department of Statistics has revealed. High-tech industries, which accounted for more than a fifth of employment in 1999, had a slightly higher survival rate
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    • 485 20  -  Independent directors say its bid is the ‘best offer from a worldwide auction’, and a better deal is not likely By DENESH DIVTANATHAN TECHNOLOGY REPORTER SINGAPORE Telecom’s (SingTel) multi-billion-dollar takeover offer for Cable Wireless (C&W) Optus is almost in the bag, if comments by
      HOW HWEE YOUNG  -  485 words
    • 242 20  -  B± LEONG CHAN TEIK SINGAPORE’S weighting in a revamped MSCI index tracked heavily by global fund managers will be cut from 0.38 per cent to 0.26 per cent. It is among a host of Asian countries whose weighting in the MSCI’s All Country World
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    • 158 20  -  By AZHAR KHALID MARKETSCORRESPONDENT MORE Singapore companies are going to appear on the radar screens of the world’s biggest international fund managers but at the expense of their less-widely-held blue-chip counterparts. Investors need not act rashly on the changes to the influential Morgan
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    • 319 20  -  By By DENESH DIVYANATHAN TECHNOLOGY REPORTER SINGAPORE Telecom (SingTel) said in a surprise statement it was not pursuing an earlier intention to acquire arch-rival Ml. “We have decided not to go ahead with the bid for Ml,” said Sing Tel Mobile chief executive Lucas
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  • Page 21 Advertisements
    • 997 21 The Straits Times Weekly Edition APPOINTMENTS smGflPO« ZOCXOGtCfIL Gftooens Wildlife Reserves SINGAPORE 4IP safari JURONG BIRDPARK An opportunity to work with three of the best wildlife attractions... DIRECTOR (MARKETING) (Based at the Singapore Zoo) /4s a member of Wildlife Reserves Singapore Group Senior Management, you will be responsible for the
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  • Page 22 Advertisements
    • 727 22 1 1 Faith Community Baptist Church (FCBC), a large, dynamic and fast-changing local church with a significant presence in Asia and many parts of the world, together with its TOUCH group of companies, seek to hire committed and competent Christians as their: FCBC Faith Community Baptist Church m I Assistant
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  • FORUM
    • 153 23 I AGREE with Miss J anet Yong Yia Cheng’s views, ‘Turn old turf club site into a park” (May 19). I was a member of the Bukit Timah Turf Club for some years, and occasionally, I betted on horses. Most of my days at
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    • 665 23 AS THE MP who referred to voting as a “privilege” in Parliament in the debate on the Parliamentary Elections Act, I would be grateful if you could permit me to clarify some issues that have been raised in The Straits Times by your columnist,
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    • 458 23 WE REFER to Mr Koh Kim Hwee’s letter, “Install escalators at MRT station exits” (ST, May 16), and Ms Chow Yuet Lin’s letter, “Make MRT stations barrier-free” (ST, May 18). When the first MRT line was built, the MRT stations were exempted from complying
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    • 138 23 I REFER to the letter, “Singles deserve better housing deal”, by Mr ChewChee Meng (May 19). Our public-housing policy is pro-family in orientation. It supports the Government’s social policy on family formation and procreation. But, in recognition of the fact that singles also contribute to
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  • 452 24  -  Development Board in front o?2G08 J#rget to get 10 top universities to set up outposts in move towards education hub *IL M.NIRMALA BY DECEMBER, nine worldclass universities will have outposts here, a feat the Economic Development Board has managed at a breathtaking pace. In
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  • 239 24 FORMER Education Minister Lee Chiaw Meng died on Wednesday at about 6 am, after a 2 V 2 -year battle with cancer. He was 64. His wife, Mrs Lyn Lee, 38, who was by his death bed at the National University Hospital, said: “He died
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  • 191 24 SINGER and songwriter Tanya Chua wrote Where I Belong, this year’s National Day theme song, in just one week. It seeks to capture the excitement that jetsetting Singaporeans like her always feel whenever they are on a plane heading back home. “Since I’m abroad most
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