The Straits Times : Weekly Overseas Edition, 20 July 2002
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2002-07-20
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The Straits Times : Weekly Overseas Edition
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Title Section20 2002-07-20 1 The Straits Times Weekly Edition Saturday, July 20,2002 Price: S$ 1.20 (in Singapore) Elsewhere by subscription only MITA (P) 098/03/200220 words
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Article841 2002-07-20 1 IGNATIUS LOW - Economic Review Committee proposes employers’ CPF remains at 16% for 50-55 age group to help keep jobs in the long term By IGNATIUS LOW FINANCE CORRESPONDENT DONT restore employer Central Provident Fund contributions for older workers aged between 50 and 55 years to 20 per841 words
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Page 1 Advertisements
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Advertisement184 2002-07-20 1 -12 X't? Defence RSAF’s New Facilities Take Fight Fighter aircraft will be able to take off from Changi when the RSAF’s new facilities are completed in two years’ time. PAGE 10 Management Stepping Down From PSA PSA Corp’s chairman, Dr Yeo Ning Hong, is retiring after eight years, and will184 words
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PRIME
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Article, Illustration464 2002-07-20 2 M. NIRMALA - Ever the fighter, Dr Lee Siew Choh led the opposition party after it broke from PAP, went on to be Singapore’s first NCMP By. M.NIRMALA DR LEE Siew Choh, the opposition leader who changed the course of Singapore politics when he split from the464 words
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614 2002-07-20 2 NARENDRA AGGARWAL - By_ By NARENDRA AGGARWAL ECONOMICS CORRESPONDENT SINGAPORE’S economic growth rate will be boosted by a solid 1.2 percentage points this year, thanks to recent Budget measures and this lubricant will keep doing its work next year and in 2004. That is the conclusion of a614 words
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365 2002-07-20 2 WONG SHER MAINE - *L WONG SHER MAINE SLIM 10 distributor TV Media was on Tuesday charged with continuing to sell the weightloss pill after the health authorities ordered it off the market. The company is accused of selling 15 bottles of Slim 10 to365 words
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534 2002-07-20 3 WONG SHER MAINE - Lam Chen Fong confesses cheating 1,153 Chinese workers of sB.Bm in Geylang to support his chronic gambling habit a. WONG SHER MAINE A MAN who fleeced 1,153 Chinese workers of $B.B million through a remittance scam was yesterday sentenced to 22 years in jail.534 words
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Article, Illustration581 2002-07-20 3 ELENA CHONG - Bxl ELENA CHONG A FREELANCE tour guide was yesterday jailed 18 years and six months and ordered to be caned 12 times for abusing and causing the death of his maid who had endured nine months of ill-treatment. The sentence metedHOW HWEE YOUNG - 581 words
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471 2002-07-20 3 CHANG AI-LIEN - CHANG AI-LIEN SCIENCE CORRESPONDENT THE official nod was given on Wednesday to allowing scientists to do human stem cell research that could lead to cures for killer diseases and even replacements of flawed human organs. Deputy Prime Minister Tony Tan, in announcing471 words
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HOME
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590 2002-07-20 4 SUE-ANN CHIA - Pessimism a result of “convergence of negative news”, including job losses, transport fare hikes and GST increase Bu SUE-ANN CHIA SINGAPOREANS’ confidence in the economy has taken a sharp U-turn, with more becoming pessimistic about their financial position and the job market in the months590 words
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392 2002-07-20 4 EXCEPT for motorcycles, the certificate of entitlement (COE) prices for all vehicles have slipped. The biggest drop of 51,855 was in the open category, the COEs of which are usually used to register big cars. For smaller cars, the price hardly moved, said392 words
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Article, Illustration391 2002-07-20 4 TAYSHFAN - *1 TAYSHFAN THERESA Goh may not be able to walk, but get her into the water and she will whiz by. The 15-year-old, who was born with spina bifida and is paralysed from waist down, broke the world record for the 50 m women’sWONG MAYE-E - 391 words
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Article, Illustration84 2002-07-20 5 I TOUCH, THEREFORE I AM: Sixteen pupils from the Singapore School for the Visually Handicapped not only made a trip to the Singapore Art Museum on Wednesday, but also got a chance to touch famous Rodin sculptures, such as The Thinker and The Gates OfTAN SUAN ANN - 84 words
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473 2002-07-20 5 OFFICE workers travelling within the city now have a new mode of transport to get them around river taxis. From today, they can catch one of these cabs anywhere along the Singapore River and ask to be dropped off at one of473 words
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Article353 2002-07-20 5 HUGHCHOW - By HUGHCHOW FINANCE CORRESPONDENT OCBC Bank is offering antihacking software to its customers at a bargain basement price, in the wake of recent scares over Internet-banking security. Singapore’s smallest local bank has teamed up with a Tokyo-based maker of Internet security software to offer its353 words
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592 2002-07-20 5 ALETHEAUDVf - Resources not what members were promised, nor of standard expected of an “exclusive” club, claims witness Raffles Town Club Suit ALETHEAUDVf EXCLUSIVE may be understood as a “puff’ word, but what Raffles Town Club (RTC) offers “falls well short” of the standard592 words
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Article, Illustration500 2002-07-20 6 It plans to have satellite schools in Australia, New Zealand, China and Indonesia by 2007 CLONES of The Chinese High School will be springing up in Australia, New Zealand, China and Indonesia over the next five years. The independent school in Bukit Timah is500 words
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455 2002-07-20 6 A SINGAPOREAN has fallen victim to a syndicate in Malaysia which clones ATM cards while withdrawals are being made at the cash machine. The DBS Bank customer who withdrew cash from an automated teller machine (ATM) in Kuala Lumpur early last month455 words
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431 2002-07-20 6 THE occupational health and safety of another 60,000 workers will be protected through a Bill the Government plans to introduce in Parliament later this year. The 12,000 non-industrial workplaces which must comply with safety provisions in the proposed law include health-care establishments, hotels431 words
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Article, Illustration795 2002-07-20 7 DOMINIC NATHAN - Water reclamation plant here uses the best technology in the world, says a worldrenowned water quality expert *L DOMINIC NATHAN SINGAPORE’S water reclamation plant that produces water that is cleaner than tap water uses the best technology in the world, said a world-renowned water qualityGraphics: ANGELINA CHOY and LEE CHEE CHEW - 795 words
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562 2002-07-20 7 SALMA KHALIK - By SALMA KHALIK HEALTH CORRESPONDENT UP TO 1,000 lives could be saved here every year once a new drug is approved for use against sepsis. Sepsis is severe reaction to an infection be it pneumonia, meningitis or the common562 words
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Article, Illustration396 2002-07-20 10 New airbase extension will house high-tech complex and improve RSAF’s readiness and capability FIGHTER aircraft will be able to take off from Changi when the Republic of Singapore Air Force’s (RSAF) new facilities are completed in about two years’ time. ItsAZIZ HUSSIN - 396 words
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HOME • PROPOSED CPF CHANGES
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Article, Illustration451 2002-07-20 8 LEE SU SHY AN; and REBECCA LEE; LIM YONG - Businesses welcome proposal to lower ceiling to $5,000 but top earners say move will result in less CPF savings HIGH-INCOME EARNERS By LEE SU SHY AN and REBECCA LEE LIM YONG BOUQUETS from businesses but brickbats from individual top-income earners. That, in a nutshell,451 words
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Article492 2002-07-20 8 OLDER WORKERS OLDER workers were not convinced that a lower Central Provident Fund (CPF) rate would improve their chances of finding re-employment. But some did concede that the CPF cuts, however undesirable, may help them keep their jobs. They were responding to the Economic Review492 words
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516 2002-07-20 8 LAUREL TEO - ALL WORKERS fit LAUREL TEO ALL workers aged 55 and below may have to set aside more Central Provident Fund (CPF) savings in their Special Account, which is for retirement use. This is because most workers reaching retirement age do not516 words
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614 2002-07-20 9 Here are excerpts of remarks on the proposals by Mr Thurman Shanmugaratnam, chairman of the ERC’s sub-committee on taxation CPF, wages and land Why the CPF system needs refocusing FIRST, retirement needs themselves have shifted as standards of living have gone up. Expectations614 words
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432 2002-07-20 9 HUGHCHOW - FUND INVESTING in HUGHCHOW THE Economic Review Committee (ERC) has recommended an overhaul of the way money in the Central Provident Fund can be used for investment by members. This, it said, could pave the way for a system which promises lower costs and432 words
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Article, Illustration415 2002-07-20 9 Analysts say banks will weigh the fact that older borrowers won’t have as much of their CPF to pay loans as before PROPERTY OWNERS SINGAPOREANS aged between 50 and 55 may find it more difficult to take out bank loans if theirDESMOND FOO - 415 words
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Page 10 Miscellaneous
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Miscellaneous1062 2002-07-20 10 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 Word1,062 words
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SPORTS
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Article, Illustration735 2002-07-20 11 G. SrVAKKUMAJRAN - Coach and skipper Nazri defend duo despite misses and substitution during friendly match By G. SrVAKKUMAJRAN IT WAS billed as a friendly match between Malaysia and Singapore last Tuesday. But the significance of the Kuantan match was obvious to observers735 words
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321 2002-07-20 11 BENNADARAJAN - S-LEAGUE SOCCER BENNADARAJAN IT MAY be 13 points adrift of league leader Singapore Armed Forces FC, but defending SLeague champion Geylang United is not going to relinquish its crown without a fight. Last month, Geylang showed its grit when it went on a321 words
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320 2002-07-20 11 ALVIN FOO - By ALVIN FOO SHAYNA NG, 13, literally bowled them over at the Cathay Bowl Safra Yishun on Tuesday. The Secondary One student from CHIJ Toa Payoh sprung a surprise on her better-known contemporaries by clinching the second spot in the C Division girls’ singles of320 words
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COMMENT
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Article603 2002-07-20 12 TUESDAY July 16,2002 THE Economic Review subcommittee which published its recommendations on Central Provident Fund changes yesterday had to perform contortions to align widely-differing social and micro-economic objectives. Most people were concerned about two things in the light of falling income and the trial balloons floated by603 words
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Article589 2002-07-20 12 WEDNESDAY July 17,2002 PAKISTAN’S President Pervez Musharraf would be the last person to think of himself as a sorry figure, regardless of the endless security problems that are making him look somewhat forlorn. The attack in the Indian part of Kashmir on Saturday would again raise questions589 words
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1019 2002-07-20 12 CHUALEE HOONG - SATURDAY By CHUALEE HOONG TRADITIONAL turbulence in the Singapore-Malaysia relationship has lately given way to a period of calm. That, at least, is how it appears on the surface: When the recent bilateral talks in Kuala Lumpur ended, no new deals were struck, but there1,019 words
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COMMENT/PERSPECTIVE
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Article, Illustration1037 2002-07-20 13 BERTHA; HENSON - MY VIEW By BERTHA HENSON HERE’S an idea for the People’s Action Party MPs: Why not take on a higher public and more pro-active profile? You do, you say? In that once-a-month Parliamentary sitting? ExSpeaker Tan Soo Khoon has started the ball rolling, youLUDWIG ILIO - 1,037 words
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953 2002-07-20 13 Tith ASAD LATIF - HEART TO HEART With T ith ASAD LATIF GIVEN the dire predictions of what could happen should Singapore fail to change, I was relieved to interview Mr Paul Saffo, a director of the Institute for the Future in California. Mr953 words
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INSIGHT
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Article, Illustration1573 2002-07-20 14 It might be a new world, but technology is no defence against old sins. Experts feel that recent hacking incidents do not undermine the promise of online banking. Our senior correspondent SUSAN LONG reports MR ROGER Lim, 29, has fading, se-pia-tonedLUDWIG ILIO - 1,573 words
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Article, Illustration1075 2002-07-20 15 HANFOOK KWANG - THINKING ALOUD By HANFOOK KWANG IT SHOULD have been a moment to savour: the birth of a new school to train and mould thousands of young minds and prepare them for a new exciting age. There was Education Minister Teo CheeLUDWIG ILIO - 1,075 words
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386 2002-07-20 15 PLAIN ENGLISH, PLEASE SIMPLY posting security guidelines online is not enough. They need to be easily understood. Banks in Europe and the United States invest a lot in customer education. Some print e-banking warnings in the monthly statements they send out to customers. Others386 words
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MALAYSIA
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287 2002-07-20 16 Sin Chew Daily/ Asia News Network, Bernama KLUANG Opposition leader Lim Kit Siang has slammed Malaysia’s 10-year education blueprint saying it does not mention the development of Chinese education at all. The Democratic Action Party (DAP) chairman also questioned why representatives from Chinese-based partiesSin Chew Daily/; Asia News Network,; Bernama - 287 words
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Article454 2002-07-20 16 BRENDAN PEREIRA - Ruling party takes parliamentary seat, but loses state seat to PAS, which shows it is no spent force in Malay heartland Tight Finish In Kedah By-elections By BRENDAN PEREIRA MALAYSIA CORRESPONDENT KUALA LUMPUR Malaysia’s ruling coalition on Thursday night snared one of two byelections from454 words
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Article, Illustration76 2002-07-20 16 oirx unr, vv i nuniv lit or IKATI TIMES! When business is not good, desperate gimmicks are called for to encourage people to spend. So Singaporean wedding organiser Li Fuquan put on a wedding gown and became a smiling bride for a day for the sake of hisSIN CHEW DAILY/ASIA NEWS NETWORK - 76 words
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387 2002-07-20 16 Bernama KOTA BARU Malaysia’s Customs department is taking its fight against tax evaders and smugglers to the people asking them to squeal on suspects in return for cash rewards. Customs director-general Abdul Halil Abdul Mutalib said that informers would be paid up toBernama - 387 words
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Article, Illustration51 2002-07-20 17 SWEET FASHION This gothic outfit was created from over 9,000 sweets and took four specialists six days to complete a total of 24 working days for just one dress. It is now on show at the Malaysia First Sweets Dress Display at the National Museum in Kuala Lumpur.ap - 51 words
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194 2002-07-20 17 rcraft.” The Star/Asia News Network PETALING JAYA Airline pilots in Malaysia have rejected a proposal by the United States that commercial pilots be allowed to carry guns into the cockpit to counter any terrorist threat. “To the general American psyche, they are atrcraft.” The Star/Asia News Network - 194 words
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325 2002-07-20 17 New Straits Times KUALA LUMPUR Police should stop targeting young Indians involved in gangs and go for the “kingpins” who lure them with the prospect of easy drug money, according to Malaysian Indian Congress (MIC) youth chief S. A. Vigneswaran. HeNew Straits Times - 325 words
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Article635 2002-07-20 17 Police seize printing machines and dud US$lOO bills worth millions headed for unsuspecting moneychangers The Star/ Asia News Network KUALA LUMPUR City police have busted the country’s largest fake United States currency mint following the seizure of loads of dud US bills said to haveThe Star/ Asia News Network - 635 words
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SOUTH-EAST ASIA
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618 2002-07-20 18 DEVI ASMARANI - They want to oust him as the National Assembly Speaker as Eolls indicate that he may e Megawati’s greatest threat By DEVI ASMARANI THE STRAITS TIMES INDONESIA BUREAU JAKARTA Two of the largest parties in the Indonesian Parliament, the ruling PDI-P and Golkar, are618 words
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Article, Illustration147 2002-07-20 18 THIS Thai young man and his fingers could not go anywhere in a hurry if he wanted to. He was left all hot and bothered after spending an embarrassing hour with his fingers trapped in the change dispensing slot. And all he triedBANGKOK POST - 147 words
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151 2002-07-20 18 ROBERT GO - By ROBERT GO THE STRAITS TIMES INDONESIA BUREAU JAKARTA Former president Suharto’s children enjoy a measure of protection from the establishment even to- day, analysts said after prosecutors pressed for a lighter sentence for murder suspect Tommy Suharto. Prosecutors on Monday demanded a151 words
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199 2002-07-20 18 AFP, AP MANILA Washington may deploy a new force against terrorism in the Philippines English teachers. As well as providing military training and weapons, US officials wanted to revive a century-old tradition of send- ing teachers to this former American colony to help promoteAFP,; AP - 199 words
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MONEY
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368 2002-07-20 19 ONCE again, Wall Street called the tune this week and the local bourse spiralled lower to the sound of deep, blue funk. For the past five days, the benchmark Straits Times Index lost 3.3 per cent as it fell to 1,560.18 and this was368 words
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Article75 2002-07-20 19 Straits Times Index Tlw Straits Times Index fell 53.9 points on the week to 1,560.2. DAY CLOSE TURNOVER Monday 1,609.76 (-4.3) 408.40m (390.20m) Tuesday 1,585.85 (-23.9) 392.60m (412.70m) Wednesday 1,583.30 (-2.5) 488.14m (485.23m) Thursday 1,579.90 (-3.4) 435.08m (471.72m) Friday 1,560.18 (-19.7) 345.90m (433.56m) BT-SRI Index The BT’SRI75 words
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Article, Illustration556 2002-07-20 19 SOH WEN LIN - Capita Land’s property trust closes at a 3.1% premium above IPO price; other developers are in no hurry to launch Reits By SOH WEN LIN PROPERTY REPORTER CAPITALAND’S newly launched property trust bucked a falling market to rise as much as 3.6 per cent onGEORGE GASCON - 556 words
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493 2002-07-20 20 REBECCA LEE - By REBECCA LEE TRANSPORT REPORTER PORT operator PSA Corp’s chairman, Dr Yeo Ning Hong, is retiring after eight years, and will hand over management to company veteran Ng Chee Keong, who will take over as group president and chief executive.493 words
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551 2002-07-20 20 COLIN TAN - By COLIN TAN MARKETS CORRESPONDENT LIKE some endangered species, the number of stockbroking houses in Singapore which has dived from more than 30 to just 10 in the space of 20 months will dwindle further to a mere five, major industry players551 words
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Article, Illustration594 2002-07-20 20 AZHARKHALED - Unfavourable market conditions cited; analysts say it could be considering other options, such as Reits and direct sales By AZHARKHALED MARKETS CORRESPONDENT SINGAPORE Press Holdings (SPH) announced on Tuesday that it will drop its plans to spin off its property businesses and594 words
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Page 19 Advertisements
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Advertisement58 2002-07-20 19 More space for stories that matter WE HAVE replaced the four pages devoted to tracking Singapore stock prices and unit trusts with news stories, to keep readers abreast of news that matters to them. Readers who need to look up the prices of share counters and unit trusts can log58 words
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Page 21 Advertisements
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Advertisement1027 2002-07-20 21 i. jig <&• The Straits Times Weekly Edition S>;sa? i mmmmmm Daimler Chrysler Make The Most Of Your Potential Here. Daimler Chrysler is a world-leading multinational corporation that is also the largest industrial group in Europe. We are world-renowned for our excellence in innovation and quality for our transportation products1,027 words
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Page 22 Advertisements
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Advertisement1071 2002-07-20 22 Standard £ĕ Chartered s 8 t 'A' > that to r v •4 N It’s not just about opportunities, it’s also about building the right partnerships. Working across all geographies and businesses, here at Standard Chartered we thrive on the diversity and unique scope of thinking of our people. Our1,071 words
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FORUM
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Article, Illustration390 2002-07-20 23 Backbenchers should fund their own research. Or if they feel that their personal ideologies are being compromised constantly, then they should resign and form their own party. PAP backbenchers cannot have their bread buttered on both sides. I REFER to “PAP backbenchers should getJAMES CROUCHER - 390 words
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246 2002-07-20 23 I AM surprised we have not got ted up with the debate about expatriates coming and going, as well as Singaporeans going and not returning. It is quite obvious that there is no one dominant reason for this. Many Singaporeans left for246 words
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192 2002-07-20 23 AFTER reading about the discourse in Parliament on the transport fare hikes, the subsequent reply by the Transport Minister and the expected vote guided by the Whip, I cannot help but think that perhaps it is time for the Government to consider lifting192 words
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329 2002-07-20 23 I REFER to the recent call made in Parliament to allow private operators to run feeder bus services. Instead of lowering fares, competition may actually result in fare increases more quickly in future. Unlike the telecommunications industry where technology plays an important role in329 words
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545 2002-07-20 24 They need to earn points through courses or self-study programmes to ensure their skills and Knowledge get upgraded STARTING next year, doctors who fail to keep up with changes in the field of medicine will not have their medical practice licence renewed.545 words
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Article, Illustration90 2002-07-20 24 MEDAL HOPES l These women table tennis players will be Singapore’s best hope for medals in next week’s Commonwealth Games. On Thursday, paddlers (from left) Jing Junhong, Zhang Xueling, Li Jiawei, Tan Paey Fern and coach Wu Zongfa left for Manchester in a contingent of 40 athletes andCHEW SENG KIM - 90 words
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344 2002-07-20 24 GOH CHIN LIAN - a. GOH CHIN LIAN UNITED States experts are being roped in to spice up the teaching of life sciences here. The Education Ministry has signed an agreement with the Dolan DNA Learning Center to train 80 teachers here each year, and another344 words