The Straits Times : Weekly Overseas Edition, 18 January 2003

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1 20 The Straits Times : Weekly Overseas Edition
  • 26 1 The Straits Times Weekly Edition PACIFIC AREA NEWSPAPER OF THE YEAR Saturday, January 18, 2003 Price: 551.20 (in Singapore) Elsewhere by subscription only MITA (P) 098/03/2002
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  • 645 1  -  Thanks to the EDBs efforts, Singapore attracted as much investment last year as in 2001. But figures could fall this year Bn REBECCA LEE SHEDDING sweat and tears, pounding the road, hopping onto airplanes and knocking on people’s doors. That’s what Economic Development Board (EDB)
    Source: FOB; RAYMOND LEE  -  645 words
  • 317 1  - More start-ups venture capital firms now By By DENESH DIVYANATHAN TECHNOLOGY REPORTER DESPITE the tough economic times, Singapore continued to make a name for itself last year as a breeding ground for bold new businesses as more hightech companies especially from overseas took root here. And it also attracted to
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  • PRIME
    • 387 2  -  They will carry out feasibility study on building one of world’s largest ethylene plants on Bukom By KWANWENGKIN IN TOKYO and KELVIN WONG IN SINGAPORE SUMITOMO Chemical, Japan’s leading petrochemical company, and the Royal/Dutch Shell Group have taken a key step towards building one of
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    • 379 2  -  Bv BEN NADARAJAN THE sunken portion of the RSS Courageous, which was involved in a collision at sea more than a week ago, has been raised. But all hope of finding the body of Second Sergeant Chua Bee Lin was lost
      MINDEF; , ' TIEN CHUNG PING Teyt: B£N NADARAJAN  -  379 words
    • 69 3 TENDING HIS FLOCK: shanghai master craftsman Wang Xing, 61 arranges his 2,003 goats. About 40 kg of rice flour and a month of painstaking work went into the figures, which will be exhibited at Lot 1 Chua Chu Kang until Jan 30. The exhibition is part of
      THOMAS WHITE  -  69 words
    • 443 3  -  By LYDIA LLM IN PHUKET THE recent spate of departures by foreign chief executives of government-linked companies (GLCs) has Prime Minister Goh Chok Tong concerned because of the wrong impression this might create that Singapore no longer welcomes foreign talent. But
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    • 429 3  -  Compromise on the last hurdle allows Singapore to impose capital controls in a crisis, but US firms may be compensated B y. NARENDRA AGGARWAL and LEONG CHAN TEIK SINGAPORE’S landmark free trade agreement (FTA) with the United States is in the bag at last,
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    • 432 3  -  By] BENNADARAJAN TWO local audiotex companies believe they have hit on a brainwave to lift Singaporeans out of their gloom. They have come up with a pile of prank calls that people can make, for a small fee, to get a laugh.
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  • HOME
    • 530 4  -  Restructuring 0f3,000-strong unit could mean HDB brand goes overseas ♦Job losses SOHWENLIN PROPERTY REPORTER A KEY Singapore public institution, the Housing Board, said on Tuesday that one of its three main divisions would take a step in the direction of the private sector. From
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    • 429 4  -  By HUGH CHOW FINANCE CORRESPONDENT EVER wondered whether the Housing and Development Board would be more sympathetic regarding flat repossessions than other mortgage lenders? Well here is some food for thought. HDB did not repossess a single flat last year. This was
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    • 633 4  -  Bjl LEONGPIKYIN A DIFFERENT approach is being taken to public housing for the elderly. Instead of building studio apartments in separate blocks, the Housing Board will put them in the same blocks as three-, fourand five-room units. This will allow older
      STEVEN LEE  -  633 words
    • 80 5 MR CHEW (left), currently senior executive vice-president (administration), will take over from Dr Cheong (above) when he retires in June. He has held regional appointments as senior vice-president in charge of the South-west Pacific, the Americas and Europe. Mr Chew, whose wife is Japanese, holds
      PHOTOS: BUSINESS TIMF.S  -  80 words
    • 459 5  -  Scholars and teachers will decide on this and other issues ssl AHMAD OSMAN SHAKING hands with members of the opposite sex is taboo for some Muslims but not others. Who is right? Deputy Mufti Mohamed Murat Mohamed Aris
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    • 375 5 NOVEMBER was the best month for shopkeepers since March last year. The retail sales index in November rose 7-3 per cent over the previous month, the largest rise since it shot up 20.2 per cent in March. The latest
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    • 506 5  -  Chew Choon Seng described as a true gentleman faces challenge of keeping SIA flying high in a tougn period By NICHOLAS FANG TRANSPORT REPORTER SINGAPORE Airlines has named a new boss at last but don’t expect him to pop up acting
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    • 518 6  -  E-tailer says price on website was a mistake and it will not honour the 4,000 orders for printer which costs $3,800 in NATALIE SOH WHILE surfing the Net at about 2 am on Monday, Mr Tan Wei Teck stumbled upon
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    • 509 6  -  By ELENA CHONG COURT CORRESPONDENT A YOUNG accountant who loved jogging and ice skating, lost her ability to walk when she fell about 10 m while at an adventure centre on Pulau Übin. Her ambitions of becoming a financial controller or a chief finance officer
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    • 525 6  - Short of medical staff Heres $3.3 million Govt to give training grants to help attract staff Bjl DAWN WONG NURSING homes and rehabilitation centres, short of skilled workers, will receive $3.3 million to help them attract and train staff to take care of patients who have been discharged from hospitals
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    • 574 7  -  They lack experience; still, median age of heads has fallen Btt /JANE LEE AT LEAST half the teachers were older than her when Madam Soh Wai Lan took over the reins of Anderson Secondary last year. Now 35, she was then the
      I lIOM \S \\ 111 1 I  -  574 words
    • 467 7  -  Experts endorse idea of new campuses but say Kent Ridge deserves attention too; NUo has already begun working on it Bu SANDRA DAVIE THE National University of Singapore is already drawing up plans to make sure its Kent Ridge campus does not
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    • 417 7  - Top fashion labels —made in S'pore Bu DAWN WONG IT IS costing top international fashion labels more to produce their apparel here, but that has not stopped them because manufacturers here are able to comply with their design demands. These requests range from making a shirt feel soft to sewing
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    • 539 8  - Robbers strike dad only in their underwear Trio clad in underpants and T-shirts tie up expat couple and ransack their Goodwood Hill house for cash and jewellery B}L J KAREN HO IT WAS like a scene from a movie. The woman of the house wakes to strange noises, steps out
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    • 462 8  -  §1 l KARAMJIT KALR SERANGOON-BOUND motorists will soon get a nine-sec-ond warning that the traffic lights will be turning from green to amber at the junction of Rochor and North Bridge roads. They can then decide whether to stop or keep on driving.
      STEPHANIE YEOVV  -  462 words
    • 543 8  -  *!L ALEXIS HOOI SOME renovation contractors are offering freebies, such as refrigerators and air-condition-ers, to home owners to drum up business. The City Design and Contract company is giving a threeway split air-conditioning system worth $2,000 for contracts worth at least $20,000, and a
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    • 621 9  -  The oldest college here is planning some radical changes to spice up its image and market its high scnool-style programme By TRACYQUEK THE signature grey uniforms worn by National Junior College (NJC) students for the last 34 years could become history, as could the school’s
      WONG KWAI CHOW  -  621 words





  • Page 9 Miscellaneous
    • 1062 9 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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  • COMMENT
    • 611 10 TUESDAY January 14, 2003 A CLEARER picture is emerging of how the United States intends to draw North Korea out of the nuclear circle. Mr James Kelly, the American envoy who is visiting North Asian capitals, suggested in Seoul yesterday that North Korea’s energy shortages could
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    • 598 10 WEDNESDAY January 15,2003 ORGAN donation remains a touchy, highly personal matter to this day. Most people, bar those with overt cultural taboos and religious leanings, affect a fetching altruism when asked if they would pledge to have vital organs removed upon death. But of course, they
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    • 1111 10  -  SATURDAY With CHUALEEHOONG THERE’S something about Islam... Half declaration, half question, that remark is heard often these days. Confronted with rampaging Muslims who bum down churches, Muslims who commit mass murder, and Muslims who insist that a woman who cries rape must produce four male
      CHEAH SIN ANN  -  1,111 words

  • COMMENT/PERSPECTIVE
    • 915 11  -  THE WAY I SEE IT By MAFOOT SIMON IT WOULD have been nice to believe the opposition party Pertubuhan Kebangsaan Melayu Singapura’s (PKMS) claim that it had no political motives in creating the latest tudung (headscarf) controversy. It would have been nice to think that the
      LUDWIG ILIO  -  915 words
    • 922 11  -  Mafoot Simon EVERY Monday, as the sky outside turned grey and the day to dusk, the two teenagers would sit cross-legged with their felt songkok on their heads reciting the Quran in their Yishun home. Opposite them, their bearded, middle-aged teacher would
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  • INSIGHT
    • 1552 12 Big fish eat small fish, okay? No, no! Our pcnitical correspondent TAN TARN HOW reports on the Media Development Authority's proposed code to ensure fair competition in the media industry. SHORTLY after the Today tabloid was launched in November 2000, viewers
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    • 1194 13  -  THINKING ALOUD By it/ BERTHA HENSON OVER the past week, the air in Bintan has been thick with urgency. Helicopters hovered along the coastlines, while all manner of other craft feny, speed boat, jet ski, navy patrol snip carried searchers scanning the seas and
      JOYCE FANG  -  1,194 words


  • SPORTS
    • 630 14  -  Only local-born shuttler in national team says that knee injury, not foreign talent, forced her early retirement Btl PEH SUING HUEI THE dream was shattered, even before it started. Fatimah Kumin Lim was so eager to get on
      BERITA HARIAN  -  630 words
    • 429 14  -  in G. SIYAKKI MARAN COACH P.N. Sivaji has recruited four members of the disastrous Singapore Tiger Cup squad to beef up the national Under-23 side for Monday’s friendly against Denmark’s Olympic team. And the quartet did
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    • 247 14  -  By PEH SHINGHUEI FROM captain of Southampton Football Club to a caddie at the Caltex Singapore Masters. No, Matthew Le Tissier has not fallen that far from grace. The former England soccer international, now 35, is just lugging the 14-kg bag at the
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  • MALAYSIA
    • 338 15 New Straits Times KUALA LUMPUR Government assistance, including funding, will no longer be channelled to privately run religious schools because they breed an-ti-government sentiments, Prime Minister Mahathir Mohamad has said. However, he said the government had no plan to ban the schools, known
      New Straits Times  -  338 words
    • 563 15  -  By REME AHMAD IN KUALA LUMPUR THE life of the estranged second wife of Tun Ghafar Baba looks set to revolve around the courts with three different cases at one go. On Monday, she and the three Bosnians with whom she was
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    • 33 15 Pulau Merambong’s beacon light is checked once a month by Malaysian marine officers and Johor residents want foreigners visiting the island illegally to face criminal action. NEW STRAITS TIMES RAYMOND LEE
      NEW STRAITS TIMES; RAYMOND LEE  -  33 words
    • 560 15 Umno lobbies govt to ensure Pulau Merambong is not the centre of another row with Spore JOHOR BARU Umno politicians in Johor, fresh from disputing Singapore’s ownership of Pedra Branca, are now pressuring the Johor state government to gazette Pulau Merambong, an uninhabited
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  • SOUTH-EAST ASIA
    • 477 16  -  By DEVI ASMARANI THE STRAITS TIMES INDONESIA BUREAU JAKARTA Indonesia’s largest Muslim organisation, the Nahdlatul Ulama (NU), has come up with its own brand of kretek cigarettes in an attempt to cash in on the industry’s good business. The Tali Jagat (“rope of the
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    • 294 16 Protests against fuel price hikes are okay but moves to replace the President would meet with ‘an appropriate response’ The Jakarta Post, karta Post/Asia News Network JAKARTA Street protests are fine but the government will tackle head-on any attempt to topple President Megawati
      — The Jakarta Post,; karta Post/Asia News Network; AP  -  294 words
    • 380 16 The Nation/ 'he Nation/Asia News Network BANGKOK Thailand’s Cabinet on Tuesday pilot projects to construct more than 4,000 housing units as part of an ambitious five-year plan to build one million homes for low-in-come earners. National Housing Authority governor Chuanpis Chaimuanwongse said five pilot projects
      The Nation/; 'he Nation/Asia News Network  -  380 words

  • MONEY
    • 609 17 ALTHOUGH the benchmark Straits Times Index (STI) rose 19.7 points on the week to 1,366.83 the gains belied the disappointment as hopes for a Chinese New Year rally were dashed. Average daily turnover rose 41.32 per cent to 464.96 million shares worth
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    • 127 17 WEEK'S TOP RISES Cents Volume SIA 200 1060 40.0 3.9 78,600 SPH100 1900 40.0 2.2 104,500 CSC 368 36.0 10.8 649,000 DBS 6k 6% NCPS... ***** 30.0 0.3 13,000 Haw Par Corp 346 30.0 9.5 3,480,000 SIA 50c 1050 30.0 2.9 7,052,000 Haw Par 40 344 28.0 8.9 73,100 JMHUS25C
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    • 130 17 WEEK'S TOP RISES Cents Volume L6M 1C 1 100.0 0.5 47,566,000 Pakara Tech 5c 15 76.5 6.5 3,000 Strike W*****5 1.5 50.0 0.5 720,000 Rotol10c 6.5 44.4 2.0 226,000 IRECorp 10c 5 42.9 1.5 413,000 NM Hldqs 20c 10 42.9 3.0 338,000 GulTech W*****7 ...3.5 40.0 1.0 89,000 CityAxis 5c
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    • 129 17 WEEK'S TOP FALLS Cents Volume Central Prop 1720 •40.0 •2.3 6,000 Wepco 50c 500 21 •28.5 •57.6 22,000 WBL W*****1 28 -18.0 -39.1 3,000 JSH US5c 500 249 •12.1 •2.7 1,953,500 Clipsal 30c 220 -12.0 -5.2 9,000 GreatEast 50c 900 •10.0 •1.1 459,000 NH Ceramics 20c 15 •10.0 -40.0 20,000
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    • 132 17 WEEK'S TOP FALLS Cents Volume Wepco 50c 500 21 -57.6 -28.5 22,000 NH Ceramics 15 -40.0 -10.0 20,000 WBL W*****1 28 -39.1 -18.0 3,000 El-Nets 1c 1 -33.3 -0.5 6,015,000 Cybermast Ltd 7 -22.2 -2.0 315,000 Asia Dekor 2 -20.0 -0.9 42,269,000 Eastgate W06 6 -20.0 -1.5 201,000 North 22
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    • 75 17 Straits Times Index The Straits Timas Index rost 19.7 points on tlw week to 1366.83. DAY CLOSE TURNOVER Monday 1,386.05 C38.9) 553.61m (502.29m) Tuesday 1,401.37 (*15.3) 651.93m (464.75m) Wednesday 1,386.62 (-14.8) 468.67m (387.86m) Thursday 1,379.52 (-7.1) 336.91m (288.33m) Friday 1,366.83 (-12.7) 313.69m (278.81m) BT-SRI Index Tlw BT-SRI
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    • 568 17  -  Hsieh Fu Hua comes with a solid track record 29 years in the industry, with directorships in 59 firms in the last five By AZHAR KHALID MARKETS CORRESPONDENT NEVER mind if it’s local or foreign, talent is what it
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    • 675 18  -  By BRYAN LEE AS BUSINESS ideas go, it’s not exactly a hair-raising proposition. Still, a simple, no-frills idea imported from Japan has turned in riches for tnis innovative entrepreneur. All Mr Koki Matsuda, a Japanese national who has lived in Singapore for seven
      JOYCE FANG  -  675 words
    • 505 18  -  Regulator makes decision after studying trends in overseas markets; all 3 telcos expect to roll out networks by end-2004 Sl Bu 1)1 M SH DTVYANATHAN TECHNOLOGY REPORTER IT’S final: Cellular operators in Singapore will have to stick to the deadline of a nationwide
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    • 351 18  -  By By NARENDRA AGGARWAL ECONOMICS CORRESPONDENT A DOUBLE-DIGIT growth in shipments of Singapore-made goods will rev up the Republic’s economic machine to a healthy 4.5 per cent growth this year, say National University of Singapore (NUS) dons. They are predicting a robust 10.6 per
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  • Page 17 Advertisements
    • 27 17 Log on to chock prices Readers who want to see the latest stock-price and unit-trust listings can log on to the following websites: business-times.asial.com.sg www.asial.com www.ftmdssupermart.com www.singaporeexchange.com
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  • FORUM
    • 672 19 The Single-Woman Phenomenon I APPLAUD Mr Tan Tarn How for discussing a topic that is foremost on the minds of many young women (“Schooled in singlehood”; The Sunday Times, Jan 5). He brings to light a very valid point: Fewer women are
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    • 128 19 MY BEST wishes and congratulations to the three Singaporeans honoured by The Reader’s Digest for the heartwarming services they rendered. The magnanimous and tireless efforts of Ms Zahidah Mohamed Naim, Dr William Tan and Madam Indranee Nadisen in serving the needy are truly magnificent
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    • 256 19 SHOULDN’T we teach financial planning in schools? While the education system worldwide has improved in the past 50 years, it seems that many of the necessary life skills are still not taught in schools. Most of us learnt our basic social skills in
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    • 261 19 I HAD been wanting to write but found it difficult initially as the news of the accident involving the RSS Courageous reminded me grimly of the situation I was confronted with on Feb 26, 2001, when my son died in a naval accident while serving national
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  • 100 20 MILLION-DOLLAR MONK For over 25 heart-stopping minutes on Sunday night, Buddhist leader Venerable Shi Ming Yi had television viewers on the edge of their seats, in tears and reaching for their telephones. His one-man act, abseiling down the 45-storey Suntec Tower Two during Channel U’s Ren Ci Charity
    ALAN LIM  -  100 words
  • 700 20  -  More critically-ill patients will be saved if 1987 Act is amended to allow removal of liver and corneas from anyone who dies Btf i CHANG AJ-LIEN NEW laws are being proposed to allow Singapore doctors to transplant the liver and corneas not only
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  • 496 20  -  Bt/ SUSAN LONG THE hue and cry over a jawdropping 128,000 Singaporeans being left out in the cold because they missed the Dec 31 deadline to top up their Central Provident Fund (CPF) accounts has prompted the Government to look at refining the way
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