The Straits Times : Weekly Overseas Edition, 30 June 2001

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Total Pages: 24
1 24 The Straits Times : Weekly Overseas Edition
  • 22 1 The Straits Times Weekly Edition Saturday June 30,2001 Price: S$ 1.20 (in Singapore) Elsewhere by subscription only MITA 072/08/2000 C I tf
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  • 602 1  -  Banker Wee Cho Yaw's personal approach to OUB founcfer Lien results in a 10-billion bid, topping the offer from DBS Bank By EDNA KOH FINANCE CORRESPONDENT UNITED Overseas Bank yesterday trumped DBS Group Holdings’ offer for Overseas Union Bank with a $lO-billion counter bid
    LIANHE ZAOBAO  -  602 words
  • 429 1  -  By HUGH CHOW FINANCE CORRESPONDENT AUTHORISED foreign banks will be on nearly the same footing as local banks in just over one year’s time under a package of reforms unveiled yesterday by the Monetary Authority of Singapore (MAS). The new measures to liberalise
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  • Page 1 Advertisements
    • 57 1 B OOK HYPE 'Crow' Ruffles Feathers Tales of vice in Chinese novelist Jiu Dan’s kiss-and-tell book, Crow, spark hot responses from China-bom women living in Singapore page e Champion bowle r Jesmine Ho Strikes Back After two ordinary performances after claiming a World Masters crown, Ho wins the Philippines leg
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  • PRIME
    • 394 2  -  Developers get bonus room for balconies as Government makes a push for high-rise greenery By. ALICIA YEO HOMEOWNERS will now have room for balconies without sacrificing space indoors, as building rules are being relaxed to encourage high-rise gardening. Developers will be
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    • 592 2  -  By ELENA CHONGand DEBBIE GOH BRITISH lawyer Julia Elizabeth Tubbs, who knocked down and killed a Korean woman and her two young children last year, will go free. The Chief Justice upheld a lower court’s acquittal of Ms Tubbs, 36, for negligent driving that
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    • 394 2 SINGAPORE Press Holdings has suspended the publication of both the print and online versions of Project Eyeball. Thursday’s edition was the last, for now. Since its launch last August, Singapore’s first integrated print and cyberspace publication pitched at young and Internet-sawy readers ran up a loss
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    • 493 3  -  Men who prowl Net chatrooms to prey on underaged girls have no excuse: Chief Justice Yong By] KAREN WONG MEN who chat up underaged girls on the Internet and have sex with them can expect a year in jail and a $lO,OOO fine
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    • 272 3  -  By SALMA KHALIK HEALTH CORRESPONDENT JURONG will get a new 650bed general hospital in five years’ time. It will be built on the site of the present Pioneer Junior College in Jurong Town Hall Road. When the new Jurong General Hospital is ready in 2006,
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    • 316 3  -  By K.C. VIJAYAN AT 39, Lim Chuan Poh is the youngest Chief of Defence Force in the history of the Singapore Armed Forces (SAF) to get his third star. Lieutenant-General Lim heads the list of 696 officers promoted yesterday in a ceremony officiated
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    • 494 3  -  INQUIRY CONTINUING §!L ELENA CHONG THERE is growing public concern about mature men exploiting Internet chatrooms to look for young immature girls for sex, a district judge said yesterday. The law here protects girls below 16 even when they consent to sex, noted District
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  • HOME
    • 472 4  -  These primary schools, including popular ones, boast bigger classrooms and modern facilities By SANDRA DAVIE EDUCATION CORRESPONDENT PARENTS eyeing a place in an upgraded primary school with state-of-the-art facilities will stand a better chance of getting their children into one this year. Primary
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    • 336 4 SILKAIR CRASH THE families of six people who died in the Silk Air Flight MI 185 crash will go to court next week to prove their case against the airline. They are suing Silk Air for damages for the crash in Palembang, Indonesia, in
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    • 285 4 GEYLANG loan shark Chua Tiong Tiong defied a warrant of arrest and has again failed to show up at the High Court. The court was to have heard his appeal against an 18-month jail term for bribing a police officer on Wednesday.
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    • 416 4  -  *!L SHARMILPAE KAUR THE lights in your home may be powered by waste soon. One waste management company intends to dispose of the industrial and commercial garbage it collects, by baking instead of burning it a process that will generate energy. Part of the energy
      PICTURES: HOW HWEE YOUNG  -  416 words
    • 446 5 To close the IT gap and benefit from technology, it must be made accessible and affordable for all PRIME Minister Goh Chok Tong wants to see the digital divide between Singaporeans who are IT-sawy and those who are not become a digital dividend for
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    • 307 5  -  Pauline Leong THE Catholic Church in Singapore has a new Archbishop. Father Nicholas Chia, 63, of the Church of the Holy Cross in Clementi, succeeds Archbishop Emeritus Gregory Yong, who stepped down last October after 23 years. Father Francis Lau, who has handled archdiocesan
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    • 227 5  -  GEARING UP FOR POLLS Bi/ i G. SIVAKKUMARAN THE Registry of Societies has approved an application by opposition politicians to form a new group called the Singapore Democratic Alliance (SDA). The SDA is a proposed coalition of five opposition parties: the Singapore People’s Party, the National
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    • 481 5 THE next decade will see major new developments in the Singapore Armed Forces that should make it the region’s strongest fighting force, according to the authoritative Jane’s Defence Weekly. Frigates with stealth capabilities, attack helicopters, a new generation of fighter aircraft and replacements for
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    • 372 6  -  By l MARGARET FERRY NEW criteria to measure obesity among Asians put the number of obese adults in Singapore at five times the level reported in the last survey, three years ago. Three in 10 Singaporean adults are now rated obese under guidelines issued
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    • 288 6  -  BRENDAN PEREIRA MALAYSIA CORRESPONDENT KUALA LUMPUR Owners of Singapore-registered vehicles who have not settled traffic fines totalling RMB million (Ss3.B million) in Malaysia may be hauled to court if their vehicles are spotted in the country. Malaysia’s Director of Internal Security and Public Order,
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    • 242 6  -  LeongWengKam AFTER the success of her juicy stories about crows, kiss-and-tell novelist Jiu Dan has started work on more bird tales but this time about beautiful phoenixes and greedy magpies. Following her controversial novel, Wuya (Crows), a best seller here and in China, the Beijing-based journalist has started
      LINGZI MEDIA  -  242 words
    • 409 6 Beijing-based author’s bestseller on women from China turning to vice in Singapore is raising the hackles of many ONE crow does not make a flock. Beijing-based author Jiu Dan’s book, Wuya (Crow), about Chinese women turning to vice or becoming kept mistresses
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    • 320 7  -  §!L ALETHEAEIM HE WALKED into his tenant’s room and stole $4,440 in foreign currency. That was in January. Thinking he had got away with it, Samuel Goh Heng Lai decided to steal again from the Indonesian man who had rented a room in his flat in
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    • 75 7 ABOUT 19 hawker centres will undergo upgrading later this year. Some of the smaller hawker centres chosen to be among the first to be improved may be merged with others nearby. The redevelopment work ranges from major reconfiguration to standard upgrading, where new toilets, tables and
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    • 388 7  -  Compliments for the bank outnumber complaints by five to one, despite criticisms of queue times, says Dhanabalan By IGNATIUS LOW FINANCE CORRESPONDENT DBS Bank has insisted its service quality has not slipped, and backed up its claim with figures showing that it has received far
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    • 371 7  -  By SHARMILPAE KAUR and NG TZE YONG FISH are still dying, almost two weeks after an Indonesian-reg-istered tanker capsized in the Straits of Johor on June 13, spilling part of its 600-tonne cargo of the corrosive chemical phenol. However, fish-farmers whom The
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    • 212 7 TWO DAYS LATER IT IS safe to swim in the waters off Pulau Übin, Pasir Ris, Punggol and Changi. And to eat fish from the 37 fish farms in the Pulau Übin and Serangoon coastal areas. The Agri-food and Veterinary Authority (AVA) has lifted
      TERENCETAN  -  212 words
    • 547 8  -  Number of thefts dropped in the first quarter of this year, but half of the victims were older than 60 By! SELINA LUM THE elderly woman hiding behind the grille of her Woodlands flat lost more than just $lO when she fell
      DESMOND FOO  -  547 words
    • 205 8  -  By! SHAHIDA ARIFF CLEMENTI residents can look forward to more facilities in their town, including a new library and bus interchange, in the next five to 10 years. They got the good news at the launch of the Estate Renewal Strategy exhibition on Sunday. The exhibition shows
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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
    • 306 9  -  SWIMMING Byi CHANTSE CHUEEN MULTIPLE gold-medallist Joscelin Yeo heads a list of 16 Singaporean swimmers nominated for the South-east Asia Games in Malaysia this September. The 22-year-old undergraduate at the University of Texas in the United States, who won six individual titles
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    • 544 9  -  GOLF TAY CHENG KHOON DEPUTY SPORTS EDITOR IT WAS perhaps a bit premature and a mite unsporting. But, the minute Hsieh Yu-shu missed his birdie putt on the last hole of the Alcatel Singapore Open, a greenside spectator shouted: “Sawadee”. To be fair
      LUIS ASCUI  -  544 words
    • 151 9 SOCCER THE difference between the future of football in Singapore and Malaysia could be told roughly by the result of just one game on Sunday. Bukit Jalil Sports School, representing the cream of Malaysian schools, defeated Team Singapore, an Under-16 side, 2-0 without even
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    • 383 9  -  Champion shows spirit after two mediocre performances in Singapore to win overseas BOWUNG By] ELGENKUA WORLD Bowling Masters champion Jesmine Ho made it back-to-back international victories in the Philippines leg of the CGU Asian Bowling Tour in Manila on Monday. The 35-year-old Singaporean chalked up her
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  • MALAYSIA
    • 549 10  -  ‘Well win back states at next election/ Umno chief says, calling on delegates' loyalty By BRENDAN PEREIRA MALAYSIA CORRESPONDENT KUALA LUMPUR Malaysian Prime Minister Mahathir Mohamad delivered what Umno members were waiting for last Saturday: A rousing speech that promised better days for the ruling
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    • 235 10 Reuters, AFP KUALA LUMPUR Malaysian Prime Minister Mahathir Mohamad said on Wednesday that the nation lost US$25O billion (***** billion) during the Asian financial crisis. Disclosing the figures for the first time, he said currency speculators made, at best, US$5 billion in profit during
      Reuters,; AFP  -  235 words
    • 116 10 THE Malaysian government has allowed a firm in Kuala Lumpur to sell a range of nonlethal weapons women can use to ward off attackers. Among them are the pistollike devices shown in the picture above. The six types shown on Tuesday were the Black Guardian, Scorpion-SS
      UTUSAN MALAYSIA  -  116 words
    • 213 10  -  By LESLIE LAU IN KUALA LUMPUR MALAYSIAN Chinese Association (MCA) president Ling Liong Sik got the votes at a boisterous extraordinary general meeting which removed all obstacles to the controversial acquisition of the Nanyang press group. But only just. The margin was close 1,176
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    • 489 10  -  By BRENDAN PEREIRA MALAYSIA CORRESPONDENT KUALA LUMPUR Malaysia’s highest court has lifted the threat of a three-month jail term that had been hanging over the head of Anwar Ibrahim’s lawyer for nearly three years. The three-judge Federal Court allowed Mr Zainur Zakaria’s appeal against
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  • SOUTH-EAST ASIA
    • 368 11  -  B y REME AHMAD IN KUALA LUMPUR PIRATES attacked a third ship off Indonesian waters this week and escaped after stealing goods and cash, as maritime experts looked to Jakarta to tackle the growing crisis and bring the offenders to book. In the latest
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    • 145 11 LEGAZPI Residents fleeing the erupting Mayon volcano in the Philippines swelled past the 32,000 mark on Monday as the crater simmered a day after a series of massive blasts. Smoke rose from the crater in the central region of Bicol, as evacuees arrived at packed government schools
      AP  -  145 words
    • 475 11  -  Military vows to protect August national assembly impeachment hearings against the President By DERWIN PEREIRA STRAITS TIMES INDONESIA BUREAU JAKARTA The Indonesian army has warned President Abdurrahman Wahid against declaring a state of emergency as a means of keeping himself in power and
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    • 385 11  -  By EDWARD TANG THAILAND CORRESPONDENT BANGKOK Plans are afoot to close two major roads in the congested Thai capital to divert weekend commuters to the Skytrain and save the country’s only mass-transit system from going deeper into the red. The idea, mooted by
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  • COMMENT
    • 608 12 TUESDAY JUNE 26,2001 DID this year’s Singapore Arts Festival, which ended on Sunday, fill the senses, stir emotions, move hearts and lift the spirits, as it set out to do? Yes and no. Yes, it was a feast for the senses, and it stimulated the local arts
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    • 631 12 WEDNESDAY JUNE 27, 2001 IMAGINE a Singapore in which some people cannot open doors because they do not know how to fit a key into a lock. Imagine them living in Housing Board flats. They are unable to go out because they will not be able
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    • 865 12  - Round and round the bus companies go SATURDAY With CHUA LEE HOONC ONCE upon a time in Singapore, long before green became a movement, there was a bus company called the Green Bus Company. There was also the Easy Bus Company, even though as they would be the first to
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  • COMMENT/PERSPECTIVE
    • 782 13  -  HEART TO HEART WITH ASAD LATIF ASIAN television audiences are more sophisticated than they were a decade ago. That does not mean they are more Western: In fact, they have grown tired of seeing all-Western faces on their screens interpreting Asia and the world from
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    • 784 13  -  MY VIEW IRENE NC THE river roars nearby as I stroll along a path in Aspen, Colorado, where once Ute Indians reigned. The trail, at the Ashcroft ghost town, is studded with metal plates informing visitors in jeans and caps that the
      LUDWIG ILIO  -  784 words

  • INSIGHT
    • 2292 14 If patients have to wait an unduly long time for appointments at public hospitals here, it is because of the shortage of specialists. But the problem is not just one of numbers. It also stems from the uneven distribution of specialists in the private and public
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    • 1080 14  -  THINKING ALOUD By SONNY YAP IF I were Auditor-General Chuang Kwong Yong, I would be wondering if many Singaporeans are hankering after my job. How else do you explain this compelling urge to scrutinise the use of public money, sniff out lapses and
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  • MONEY
    • 294 16 ACQUISITION mania hit the market this week after DBS Group Holdings launched a takeover bid for Overseas Union Bank (OUB) last week. In another surprise, United Overseas Bank (UOB) made a counter bid for OUB yesterday. The mergers and acquisitions fever has spilt over
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    • 2132 16 Company Date ann Net earn TY LY <$m> <$m) EPS TY LY (cts) (cts) 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 AEM Evertech 29-Mar P 9.693 8.673 3 2.7 AirOcean 25-Jun P 4.952 4.611 1.62 2.02 Alexandra 12-Jun P 0.109
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    • 122 16 BONUS ISSUE ExBooks Acc Company Ratio date dose Paymt HuanHsin one-for-four 27-Jun 02-Jul NA Delgro one-four-one 08-Jun 13-Jun NA RIGHTS ISSUE ExBooks ACC Company Ratio date dose Paymt Presscrete one-for-one @$0.10 08-Jun 13-Jun OTHERS ExBooks Acc Company Ratio date dose Paymt Wing Tai 150,000 1.5% RCCPS of US$1,000
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    • 121 16 Company Place Date Time SMRTCorp A Bras Basah Rm, 4th Level The Westin Stamford Westin Plaza 2 Stamford Rd S'pore (*****2) 18-Jul 11.00am Hong Leong E Grand Ballroom 1 Grand Copthoroe Waterfront Hotel 392 Havelock Rd S'pore (*****3) 17-Jul 2.45pm S'pore E Finance Grand Ballroom 1 Grand Copthorne
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    • 124 16 Company Description L&M The Board of Directors of L&M Group Investments Ltd is proposing a capital reduction to be carried out by the Company to reduce the par value of each ordinary share in the capital of the Company from SS0.50 to S50.10. MAE Engg The Board of
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    • 73 16 Straits Tines Index The Straits Timas Index rasa 9.62 points on the wood to 1,726.5 DAY CLOSE TURNOVER Monday Tuesday Wednesday Thursday Friday 1707.57 9.31) 1710.07 <+ 2.5) 1703.38(- 6.69) 1707.64 4.26) 1726.5 (+18.86) 531.8($1.12bil) 515.7m ($841.1m) 478.7m(S636.3m) 603.4m (S739.4m) 461.1m ($726.2m) KT-SRI Index The BT-SRI Index
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    • 627 16 Payment Ex (cts) date Books close Pay date ACE 20c b 0.05 11-Jun 14-Jun 03-Jul Acma 50c F 0.25 08-Jun 13-Jun 23-Aug Achieva 5c F 0.2 14-Jun 19-Jun 03-Jul Amara 20c b 0.4 11-Jun 14-Jun 29-Jul Allgreen50c F 3 05-Jun 08-Jun 25-Jun Apollo Ent F 0.5 04-Jun 07-Jun
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    • 2936 17 UNIT TRUSTS FUNDS Managers' prices (S$) UNIT TRUSTS Aberdeen Asset Mgt Asia Ltd Aberdeen Select Portfolio: Global MNCFd 0.734 0.772 Global Technology Fd!** 0.640 0.673 UK Blue Chip Fd!** 0.739 0.777 American Opport Fd 0.827 0.869 Cont Euro Eqty Fd!** 0.995 1.045 Japan Eqty Fd!** 1.197 1.258 Asian Fixed Income
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    • 142 17 Foreign Currency Note Rates (9am, Jun 29) Buying OD Selling Singapore dollars to one unit of foreign currency Australian dollar 0.9170 0.9300 Canadian dollar 1.1820 1.2070 NZ dollar 0.7290 0.7520 Sterling pound 2.5480 2.5750 US dollar 1.8150 1.8270 Singapore dollars to 100 units of foreign currency Austrian schilling 11.08
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    • 416 17 Kiwi carrier's chief says SlA’s proposal is good but if NZ govt rejects it the alternative is to sell Reuters SYDNEY Singapore Airlines (SIA) may have to settle for Air New Zealand (Air NZ) unit Ansett Australia if SlA’s bid
      Reuters  -  416 words
    • 232 17 SINGAPORE Telecom (SingTel) has extended its takeover offer for Cable Wireless Optus by a month as it awaits regulatory approval from the Australian government. The delay to Aug 3 has, however, not put a damper on SingTel’s hopes for a successful deal. President and
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    • 3764 18 Transaction date: Jun 29,***** MULTI INDUSTRY 52-Wk Curr Last Vol Day Gfs Net M Cap Wt Avg High Low Company Traded Sal« ♦or'000 High Low Dtv P/E Smil Price ♦1.5 356 43 41 0.5 n.i 72.9 40 13 10.7 10 61.5 6 s Asia FoodSProp
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    • 992 19 BONDS, LOANS WARRANTS Transaction date: Jun 29, ***** 52-Wk High Low Company Last Sale ♦orVol '000 Day High Low Last Quote 1 Buyer Seller m Avg Price 35 29 s ASTI W*****1 —34 855 35 29 34 34.5 37 0.5 s Acma W*****4 „.0.5 0.5 1 15 2.5 s AIITech
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    • 1338 19 52-Wk H Low Curt Company Traded Last Sale ♦orVol '000 Day High Low Gr's Dlv Net P/E M Cap $mK Wt Avq Price MANUFACTURING 40.5 31 C AP 0M5C 31.5 unch 1201 32 31.5 8.1 27.6 32 168 43 C AS Auto 10c 62.5 ♦1.5 1177 64 61.5
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    • 205 19 FINANCE 52-Wk High Low Company Curr Last Traded Sal* Vol Day Cr*s ♦or- OOO High Low Div M Cap Vtt Avg NAV $mil Price ***** ***** s SPDRS US***** STOCK PRICES LEGEND Strait* Times Index Stock* M buylng-ln s scrtploss and non CPF c Stock* approved under CPF
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    • 487 20  -  Last month’s drop, the biggest on record, could mean economy is in technical recession By] By NARENDRA AGGARWAL ECONOMICS CORRESPONDENT A SAVAGE plunge last month in Singapore’s all-important electronics production down 20 per cent from a year ago is its worst recorded result and suggests the
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    • 163 20 STARHUB, which is merging with cable TV operator Singapore Cable Vision (SCV), said the merged entity could launch a share offering as early as 12 months from now sooner than the 24 to 36 months stated previously. Officials of Star Hub, Singapore’s second-biggest telecom
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    • 310 20  -  DBS' BID FOR OUB By HUGH CHOW FINANCE CORRESPONDENT DBS GROUP felt compelled to make a bid for Overseas Union Bank (OUB) because stock prices were in danger of being chased through the roof by punters. DBS chairman S. Dhanabalan said on Wednesday the
      TANSUANANN  -  310 words
    • 274 20  -  By EDNA KOH FINANCE CORRESPONDENT IT PROMISES to be a great fit. The question though is whether DBS Group Holdings’ proposed takeover of Overseas Union Bank (OUB) will actually succeed. Fears of the unsolicited bid being scuttled stem not so much from the
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    • 404 20  -  By) LEONG CHAN TEIK BUS operator Tibs Holdings said on Tuesday it was in talks on a “possible alliance”, re-ig-niting market speculation that a merger with rail operator SMRT is imminent. Analysts said it is only a matter of time before Tibs is
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  • Page 21 Advertisements
    • 843 21 The Straits Times Weekly Edition APPOINTMENTS FOUNDED 1823 Raffles Institution is a premier school with a rich history of culture and traditions entrusted with the total development of each Rafflesian who will lead and contribute to society. As part of the plan to meet the future challenges, the school is
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  • Page 22 Advertisements
    • 998 22 KEY ACCOUNT MANAGER The Job Reporting to the Regional Commercial Manager, you will be responsible fo selected key accounts across several countries In S.E.A. You will be accountable for the complete management of our customer relationship, and for driving growth within our customers by generating and managing new opportunities. The
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  • FORUM
    • 211 23 I REFER to the report, “DBS makes $9-4b bid for OUB”, on DBS Group Holdings' bid for Overseas Union Bank. This move is definitely in the best interest of Singapore, as mentioned by DBS chairman S. Dhanabalan. However, I appeal to the Monetary Authority of
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    • 260 23 I REFER to Mr Kenneth Tan Kok Chye’s letter, “Recipe for real ‘green’ nation” (ST, June 16). We would like to thank Mr Tan for his support and his suggestions on recycling. The ministry has introduced a national recycling scheme recently in order to
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    • 72 23 ON MANY occasions I have come across cyclists travelling at night without lights. On a dark, rainy night, it can be difficult to see them. For the sake of road safety, cyclists should make themselves as visible as possible at night. Apart from showing
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    • 364 23 IT IS vital that there be complete objectivity regarding what is going on in Australia and New Zealand, between the four airlines. At the centre of the debate is Air New Zealand (Air NZ), the sole owner of Ansett Airline, Australia’s No 2 domestic
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    • 234 23 I REFER to Ms Salma Khalik’s article, “Specialists: Tackling the shortage” (see Pages 14 and 15), which highlights the maldistribution of talent in Singapore’s health-care system. Although this problem is not limited to Singapore, it is inefficient, wasteful of resources and warrants the attention
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  • 433 24  -  Employers brace for longer spell of tougn times as US, Japan and Europe's growth engines stall L AHMAD OSMAN BRACE yourselves for an economic slowdown that may be longer than expected, National Trades Union Congress chief Lim Boon Heng has warned. Mr Lim, who
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  • 311 24  -  ONE DAY AFTER THIS REPORT... ft L JULYNKANG ONE false step could mean a fatal fall for this maid, perched precariously outside her employer’s sixth-floor maisonette, cleaning windows. Straits Times reader Wendi Do, 25, spotted the maid on Sunday at around 1 pm
    W ENDI DO  -  311 words
  • 178 24  -  JOSEPHINE JAMES TIMES are getting tough for Mr Yap Tien Chor, 46, who runs a duck-rice stall at a food centre in Zion Road. He said he has seen his takehome income drop by about $l,OOO a month in the last year, and
    JAMES HODSON  -  178 words
  • 293 24 ...TRAGEDY STRIKES A 21-YEAR-OLD Indonesian woman who works as a domestic maid is in critical condition in hospital after falling seven storeys from her employers’ flat. Police said she was found lying on the ground at Block 477, Pasir Ris Drive 6, early on
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  • Page 24 Advertisements
    • 39 24 TECHNICAL RECESSION HERE? A sharp plunge in electronics production last month signals that a technical recession is already here, economists said this week. The 20-per-cent drop compared with a year ago is the worst fall ever. [See PACE 20]
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