The Straits Times : Weekly Overseas Edition, 24 May 2003

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Microfilm: NL25629
Total Pages: 16
1 16 The Straits Times : Weekly Overseas Edition
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  • Title Section
    Lock icon Masthead
    26 1 The Straits Times Weekly Edition PACIFIC AREA NEWSPAPER OF THE YEAR Saturday, May 24,2003 Price: S$ 1.20 (in Singapore) Elsewhere by subsription onlv MITA (P) 090/03/2003
    26 words
  • Article
    Lock icon Wage cuts and reforms proposed
    687 1  -  NWC wants belt-tightening for Sars-hit businesses and urges employers to move more speedily towards a flexible pay structure Bjl SUE-ANN CHIA CONFIRMING what workers are already expecting, the National Wages Council (NWC) yesterday recommended another year of wage cuts or freeze and urged management to
    687 words
  • Article, Illustration
    Lock icon SARS SURVIVORS:
    174 1 They had Sars and lived to tell the tale. At Tan Tock Seng Hospital, where a gathering was held on Wednesday to present cheques From the Courage Fund to the survivors, some of them recounted their dark days of being ill. [More reports on PAGE 5] Nurse Ashirdahwani
    PHOTOS: TAN SUAN ANN  -  174 words
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  • PRIME
    • Article
      Lock icon Ministers to take 10% pay cut from July
      753 2  -  Setting an example, they and top civil servants will see the biggest cuts; the rest will have pay frozen and a smaller bonus *L LYDIA LIM MINISTERS and top civil servants will lead by example in these difficult times and take a
      753 words
    • Article
      Lock icon Now is best time to overhaul wage system, say experts
      592 2  -  *L SUE-ANN CHIA IT IS now or never. As the economy dips to new lows, it may actually be the best of times for previously-reluctant companies to reform their wage systems. For one thing, the race is on to slash
      592 words
    • Article, Illustration
      Lock icon Senior in years, but not in pay
      494 2  -  Sue-Ann Chia Mr Bobby Tay, 48, a clerical worker in RHB Bank, is part of an industry that has moved away from a seniority-based wage structure. He explains what it means for him. “AFTER so many years, I could eventually have earned about
      494 words
    • Article
      Lock icon SIA makes $1 billion profit but..
      608 3  -  It warns of wage cuts and layoffs ahead and loss is expected for the first three months to June *JL REBECCA LEE SINGAPORE Airlines (SIA) met market forecasts for annual profit on Wednesday but warned that wage cuts and layoffs are on the cards.
      608 words
    • Article, Illustration
      Lock icon 'I feel terrible leaving the helm at a time of crisis'
      531 3  - I feel terrible leaving the helm at a time of crisis' Rebecca Lee THE timing could not have been worse. Dr Cheong Choong Kong said as much on Wednesday when he gave what is likely to be his final press conference before he leaves next month. “I feel terrible about
      TAN SHAN ANN  -  531 words
    • Article
      Lock icon Management to take up to 27.5% pay cut
      526 3 SINGAPORE Airlines’ management will take pay cuts of 22.5 to 27-5 per cent as the carrier copes with the worst crisis in its history, and faces its first quarterly loss in the wake of tne Sars outbreak. The wage cuts for 240
      526 words
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  • WAR ON SARS
    • Article, Illustration
      Lock icon Let's hear Singapore’s side of the story: Abdullah
      776 4 Malaysian DPM comments on criticism of the Republic’s handling of suspected cases DEPUTY Prime Minister Abdullah Badawi said it is not advisable for Malaysia to make all manner of presumptions about Singapore’s dealings with suspected Sars victims some of whom, officials charged,
      Photo: FRANCIS ONG  -  776 words
    • Article
      Lock icon New Sars case dashes WHO ‘all-clear' hope
      614 4  - New Sars case dashes WHO all-clear' hope By DOMINIC NATHAN DEPUTY NEWS EDITOR HOURS before Singapore was expecting to be declared Sarsfree, the Health Ministry dropped a bombshell a new case had turned up. Test results on quantity surveyor Chong Kian, 39, who had been hospitalised at Tan Tock Seng
      614 words
    • Article
      Lock icon THEY BEAT THE DEADLY BUG
      604 5 THEY battled Sars, lived to tell the tale and were discharged from Tan Toek Seng Hospital, but were forever changed by the experience. On Wednesday, 47 of them emerged not as Sars victims, but as Health Minister Lim Hng Kiang described them, Sars victors. At
      604 words
    • Article, Illustration
      Lock icon He survives after seven dreadful days in ICU
      616 5  -  in SHERWINLOH MR TAN Eng Beng thought that he and his siblings had gone through enough anguish w hen his mother died at Tan Tock Seng Hospital (TTSH) on March 15. But he found himself back there 11 days later, with a
      TAN SI AN ANN  -  616 words
    • Article
      Lock icon Welcome at work, hugged by manager
      121 5 WHEN Mrs Gina Neo, 42, returned to work 10 days ago after winning her war against Sars, she could not help fretting about having to wage a second battle against discrimination. But all her colleagues, more than 60 of them, gathered round to welcome
      121 words
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  • HOME
    • Article, Illustration
      Lock icon S'pore firms still falling short of governance code
      815 6  -  While corporate governance standards nave improved, directors are not being given proper training, survey reports By LEE SU SHY AN COMPANIES CORRESPONDENT NOT enough training and not enough internal appraisal. Those were the key findings of a newly released survey of the
      815 words
    • Article
      Lock icon Aim for all to have access to justice: CJ
      251 6 THE challenge for the Subordinate Courts is to ensure that everyone here has access to justice, in an age when the public is more likely to question court processes and decisions, Chief Justice Yong Pung How said last week. Addressing about
      251 words
    • Article
      Lock icon D-I-Y bankrupts on a sharp rise here
      510 6  -  By. LEONG CHAN TEIK SALES representative Daniel is typical of many bankrupts: Living the high life on his credit cards and overdraft facilities put him on the road to ruin. His debt as a result of his swanky lifestyle ballooned to $60,000 and
      510 words
    • Article, Illustration
      Lock icon Boom! There goes my terrace house
      565 7  -  30-tonne crane crashes through the roof of lecturer’s home at Seletar Hills, which he had renovated in 1997 for $130,000 §!L LI XLEYING A QUICK cup of coffee probably saved Dr Arnold Tan’s life. At 10.45 am on Saturday, the 37-year-old Temasek Polytechnic lecturer
      WONG KWAI CHOW  -  565 words
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  • Page 7 Miscellaneous
    • Miscellaneous
      Lock icon Page 7 Miscellaneous Column 1
      1061 7 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
      1,061 words
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  • COMMENT
    • Article
      Lock icon EU needs stimulus
      588 8 TUESDAY May 20, 2003 THE eurozone economy was stagnant in the first quarter of this year compared with the previous three months. This poor performance was caused in large part by the zone’s biggest economy, Germany, which contracted by 0.2 per cent in the first quarter, following
      588 words
    • Article
      Lock icon Bad start for peace
      608 8 WEDNESDAY May 21, 2003 THE latest wave of Palestinian suicide bombings five attacks that killed 12 Israelis in 72 hours since last Saturday threatens to wreck the Middle East peace process, but United States President George W. Bush seems determined to prevent such an outcome. This
      608 words
    • Article, Illustration
      Lock icon Sars: Shaming isn’t the name of the game
      925 8  -  SATURDAY With h CHUALEE HOONG WHAT’S in a name? Nothing much, at most times a name is just a label by which to distinguish A from B, P from Q, and X from Y. It doesn’t tell you anything about the person,
      NOEL KOSAI.ES  -  925 words
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  • COMMENT/PERSPECTIVE
    • Article, Illustration
      Lock icon How do I love thee?
      742 9  -  THE WAY I SEE IT B'J TAMMY TAN IT STRUCK me on Thursday last week that I have never, ever, told my parents that I love them. Not because I don’t but because I just can’t seem to bring myself to mouth those three words.
      LUDWIG 11.10  -  742 words
    • Article
      Lock icon It’s time to review strategy on vaccines
      674 9  -  By SALMA KH ALIK HEALTH CORRESPONDENT THE fever outbreak at the Institute of Mental Health (IMH) last week stands as a grim reminder of how fast infection can spread. Singapore was lucky it proved not to be another Sars cluster, but merely an
      674 words
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  • INSIGHT
    • Article, Illustration
      Lock icon Snug in the US embrace?
      1885 10 Singapore's decision to support the US-led disarmament of Iran has led many to suggest that its payoff was thus month's signing ofbe US-Singapore Free Trade Agreement. Truth or just perception LYDIA LIM and REBECCA LEE of the Political Desk report IN POLITICS as in business,
      ADAM LEE  -  1,885 words
    • Article, Illustration
      Lock icon Sars exposes the slow reflexes of civic groups
      1011 11  -  THINKING ALOUD By' TAN TARN HOW WHEN the Sars crisis blows over, will Singapore emerge stronger as a nation? Among those who think so is Prime Minister Goh Chok Tong. The Government involved Singaporeans in the Sars fight, he said after his
      CHEAH SIN ANN  -  1,011 words
    • Article
      Lock icon Falling US dollar: Whose problem is it?
      1067 11  -  EDDIE LEE SENIOR WRITKR “STRONG beliefs win strong men, and then make them stronger.” So said Walter Bagehot, most famous for his study of the English banking system, Ixnnbard Street (1873). The virtue of a strong currency is perhaps one of the fervently
      1,067 words
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  • SOUTH-EAST ASIA
    • Article
      Lock icon Aceh civilians to be interned in camps
      663 12  -  This is meant to protect them from the fighting between government forces and separatist rebels, says Jakarta By ROBERT GO THE STRAITS TIMES INDONESIA BUREAU JAKARTA As fighting intensifies in Aceh, Indonesia's government plans to start rounding up thousands of civilians in tent
      663 words
    • Article
      Lock icon Malaysia 'not a terrorist hotspot'
      449 12  -  BRENDAN PEREIRA MALAYSIA CORRESPONDENT KUALA LUMPUR Malaysia on Thursday moved to convince the United States and several other nations that it was not a terrorist hotspot and not worthy of damaging travel advisories. Foreign Minister Syed Hamid Albar held a special briefing for more than
      449 words
    • Article, Illustration
      Lock icon KL calls for return to peace talks
      375 12  -  Robert Go JAKARTA Malaysia, citing fears that fighting between Indonesia and rebels belonging to the Free Aceh Movement (GAM) could damage regional stability, has asked Jakarta to return to negotiations with separatists. The call was made as Jakarta mounted a diplomatic drive by
      AH  -  375 words
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  • MONEY
    • Article
      Lock icon No major movements in cautious market
      623 13 THE local bourse was stuck in range trading as the feeding frenzy among penny stocks subsided for most of the week only to return ahead of the weekend. The Straits Times Index rose 13.2 points on the week to 1,318.14 as average daily turnover
      623 words
    • Article
      Lock icon WEEK'S TOP RISES (₵)
      124 13 WEEK'S TOP RISES Cents Volume Ch0DBeCW*****6... .***** 775.3 4.7 4 000 Prima 605 119.0 24.5 737,000 B Sembawang 1100 70.0 6.8 7,000 Haw Par Corp 408 66.0 19.3 5,735,000 VentureCorp25c 1560 50.0 3.3 3,817,000 AP Breweries 545 47.0 9.4 134,000 FSN ...845 45.0 5.6 12,223,000 Jurong Engg 50c 175 45.0
      124 words
    • Article
      Lock icon WEEK'S TOP RISES (%)
      131 13 WEEK'S TOP RISES Cents Volume UOL W*****2 77 67.4 31.0 26,193,000 Reed Grp 5c 17.5 59.1 6.5 58,829.000 Transmarco 72.5 51.0 24.5 109,000 Mediastream 5c 1.5 50.0 0.5 10,639,000 LHT Hldqs 10c 8 45.5 2.5 70,000 WahShmg HK20c 9 38.5 2.5 7,920,000 Magnecomp 10c 27 35.0 7.0 1,139,000 Jurong Engg
      131 words
    • Article
      Lock icon WEEK'S TOP FALLS (₵)
      133 13 WEEK'S TOP FALLS Cents Volume Creative T 25c 1140 -20.0 -1.7 751,400 Sing Inv Fin 126 -14.0 -10.0 6.000 HI Fin 196 -10.0 -4.9 1,086,000 TIH 50c ...140 -10.0 •6.7 148,000 NatSteel 50c 241 -7.0 -2.8 487,000 People's Food 78 -6.5 •7.7 41,706,000 SIA Enqq 10c 156 -6.0 •3.7 2,749,000
      133 words
    • Article
      Lock icon WEEK'S TOP FALLS (%)
      133 13 WEEK'S TOP FALLS Cents Volume CSC W*****7 0.5 -50.0 -0.5 10,000 See Hup Seng 10c 2 -50.0 -2.0 5,000 El-Nets 1c 1 -33.3 -0.5 16,787,000 L&MIc 1 -33.3 -0.5 44,581,000 Strike W*****5 1 -33.3 -0.5 155,000 Falmac Ltd 20c 3 -25.0 -1.0 2,000 Goldtron NCCPS 5c 3 -25.0 •1.0 51,000
      133 words
    • Article
      Lock icon DAY-TO-DAY STOCK INDICES
      75 13 Straits rimes Index Tht Straits Timas Index rose 13.2 points on tht wtth to 1,318.14. DAY CLOSE TURNOVER Monday 1,292.89 (-12.0) 541.65m (323.79m) Tuesday 1,299.23 (+6.3) 627.53m (381.96m) Wednesday 1,290.73 (-8.5) 599.20m (347.96m) Thursday 1,305.70 (*15.0) 559.23m (360.81m) Friday 1,318.14 H2.4) 832.21m (511.53m) BT-SRI Index Tht BT-SRI
      75 words
    • Article, Illustration
      Lock icon JTC to release more industrial land
      702 13  -  Industrial landlord is raising supply by 36ha despite glut in the market, with 10.9 ha still unsold from last year’s quota *L TANHUIYEE IN A controversial move, Singapore’s biggest industrial landlord, JTC Corp, will introduce another 36na of land this year despite being lumbered
      702 words
    • QUARTERLY ECONOMIC SURVEY
      • Article, Illustration
        Lock icon Highs and lows
        35 14 Although the biomedical and chemicals clusters turn in robust performances, the anaemic growth of the electronics sector is a worrying sign for the economy Source: MINISTRY OF TRADE AND INDUSTRY LIM YONG
        Source: MINISTRY OF TRADE AND INDUSTRY; LIM YONG  -  35 words
      • Article
        Lock icon Manufacturing sector losing steam
        663 14  -  It expands 6.5% year-on-year in the first quarter as electronics cluster grows just 4.4%, and might contract in coming months §1 BRYAN LEE SINGAPORE’S main engine of growth, the manufacturing sector, almost single-handedly drove the economy to moderate growth in the first quarter of this year
        663 words
      • Article, Illustration
        Lock icon SECTORAL GROWTH
        14 14 Wholesale and retail trade Hotels and restaurants Transport and communications Financial services
        14 words
      • Article
        Lock icon Sars may deal double blow to economy
        562 14  -  «1 NICHOLAS FANG SINGAPORE companies are likely to feel the backlash from declining Greater China economies battered by severe acute respiratory syndrome (Sars), given the close links between the region and the Republic, a government economist said. And on the home front, Singapore
        562 words
      • Article
        Lock icon Unemployment rate worsens and may surge to 5.5%
        289 14  -  Btj AUDREYTAN AFTER a brief improvement in December, Singapore’s unemployment rate jumped again to 4.5 per cent in March, as jobs were lost in the construction and manufacturing sectors, and it is set to get even worse. All in, a net 9,400
        289 words
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    • Advertisement
      Lock icon Page 13 Advertisements Column 1
      27 13 Log on to check 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.fiindssupermart.com www.singaporeexchange.com
      27 words
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  • FORUM
    • Article, Illustration
      Lock icon Grassroots resources mobilised early in Sars fight
      490 15 I REFER to the commentaiy, “Sars exposes the slow reflexes of civic groups” (ST, Page 11), by Mr Tan Tam How. The commentaiy mistakenly alleged that “grassroots organisations snowed little initiative in the initial period following the outbreak” of the severe acute respiratory
      DESMOND WEE  -  490 words
    • Article
      Lock icon Clans played their part too
      215 15 WE REFER to the commentary, “Sars exposes the slow reflexes of civic groups”, written by Mr Tan Tarn How (ST, Page 11). The clan associations have been playing their part in the battle against Sars. To date, the Singapore Hokien Huay Kuan has donated $300,000
      215 words
    • Article
      Lock icon Stressed? Wait till you hear about kids in China
      483 15 PRESSURE cooker. That is how our education system has been described over the years. And it is this education system that has been blamed largely for the recent death of a Primary 6 boy. True, our education system is indeed stressful,
      483 words
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