The Straits Times : Weekly Overseas Edition, 31 May 2003
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2003-05-31
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The Straits Times : Weekly Overseas Edition
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Title Section27 2003-05-31 1 The Straits Times PACIFIC AREA NEWSPAPER OF THE YEAR Weekly Edition Saturday, May 31,2003 Price: S$ 1 .20 (in Singapore) Elsewhere by subsription only MITA (P) 095/0^200327 words
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Article, Illustration796 2003-05-31 1 CHANG AI-LIEN - The good news comes a day early, showing confidence in action to contain Sars here &L CHANG AI-LIEN SINGAPORE is off the list of Sars-affected countries. The decision by the World Health Organisation was announced by the Health Ministry last night. The good newsPHOTOS: TERENCE TAN - 796 words
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Page 1 Advertisements
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Advertisement56 2003-05-31 1 Down, And On The Way Out Budget chain 0ne.99 Shop is set to close for good soon after bids in a closed tender earlier this month failed. pages Money She Holds All The Cards It’s official the Singapore womar credit cards than the Singapore mai a recent Citibank survey. holds56 words
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PRIME
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Article, Illustration666 2003-05-31 2 REBECCA LEE - Overseas-based pilots still a major sticking point, more talks planned REBECCA LEE SINGAPORE Airlines and its pilots have made “progress” in their talks, says the pilots’ union, but key issues remain unresolved. SLA’s management is prepared to consider reducing the amount of compulsory unpaid666 words
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175 2003-05-31 2 ARMED marshals will be deployed on Singapore Airlines and Silkair flights in the next few months. Their main task will be to thwart hijackers, whom security experts still deem as a key threat and who are now more likely than before175 words
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656 2003-05-31 2 LYDIA LIM - *L LYDIA LIM PRIME Minister Goh Chok Tong last week added the weight of his voice to urge Singapore Airlines (SIA) pilots to accept cost-cutting measures and warned that the carrier’s losses could mount to $1 billion this year. Wage cuts656 words
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474 2003-05-31 3 JANE LEE - Nod given to revise present flat-fee system and offer undergraduates more variety #l/. JANE LEE EXCEPT for medicine and dentistry, the route to a basic university degree in any discipline now costs an undergraduate a flat $5,650 a year. Expect this to change, as universities474 words
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495 2003-05-31 3 SIXTEEN well-respected universities, including the National University of Singapore, have come together to offer an online Master of Business Administration (MBA) programme. They have formed a consortium, Universitas 21 Global, which is headquartered in Singapore and backed by the Economic Development495 words
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Article, Illustration514 2003-05-31 3 ELENACHONG - »1L ELENACHONG V.K. RAJAN had always wanted to be a lawyer, but his family could not afford to send him to university. His father was a Public Works Department labourer, then a rubber tapper before he opened a provision shop in MarsilingJOYCE FANG - 514 words
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WAR on SARS
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Article, Illustration590 2003-05-31 4 Trustees say thank you for ‘overwhelming outpouring of support’ THE Courage Fund took a pause from Tuesday, after raising almost $lO million in just seven weeks to honour the country’s health-care workers in their battle against Sars. With a pledge of another $1 million and590 words
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Article, Illustration434 2003-05-31 4 JANE NG - in JANE NG PRIMARY schools have begun using 37-9 deg C as the cut-off point to decide which pupils to send home for having a fever. It is up from the previous mark of 37.6 deg C, which had parents complaining thatHOW lIWKE YOUNG - 434 words
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Article252 2003-05-31 4 SEVEN days after 11 men were hauled to court for spitting and fined $3OO each, four more cases turned up on Tuesday. And, given the prominent media coverage given to last week’s cases, the new offenders were four too many, said District Judge Eugene252 words
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HOME
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618 2003-05-31 5 NARENDRA AGGARWAL - Top businessmen have joined the Action Community for Entrepreneurship to give budding entrepreneurs a helping hand By NARENDRA AGGARWAL ECONOMICS CORRESPONDENT BUSINESSMEN ranging from tycoons to technopreneurs have teamed up with the public sector to give budding entrepreneurs a very special618 words
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Article, Illustration105 2003-05-31 5 SPECTACULAR RESPONSE! Smiling through a mountain of glasses, Miss Lim Yan Zhi, 21, sales assistant of Yes, an optical megastore in Suntec City, checks more than 400 old spectacles donated by the public for the poor in Botswana. She has reason to be happy with the generosity ofHOW HWEF YOUNG - 105 words
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Article263 2003-05-31 5 PRICES of consumer goods here inched up by 0.3 per cent last month compared to March, because of increases in the cost of food and housing. The latest figures from the Department of Statistics (DOS) also show that the consumer price index last month was 0.9263 words
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298 2003-05-31 5 CHEONG SUK-WAI - By CHEONG SUK-WAI CONSUMER CORRESPONDENT IN JUST the first three weeks of this month, nearly 1,000 workers in the local tourism sector have chosen to go back to school, rather than twiddle their thumbs while hotel rooms and conference halls stay empty298 words
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401 2003-05-31 6 KELVIN WONG - *!L KELVIN WONG SOON it will be sayonara to 0ne.99 Shop. The budget chain, which sourced many of its goods from Japan, is making a last ditch effort to clear its stock, after bids in a closed tender earlier this month were401 words
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Article427 2003-05-31 6 THERESA TAN - Crowds throng show-flats of four new developments even as prospect of wage cuts, layoffs looms By THERESA TAN NEVER mind the unbearably hot weather, the lousy economy, and the prospect of more wage cuts and layoffs. Hundreds of people mostly white-collar workers in their 30s427 words
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Article, Illustration585 2003-05-31 6 AUDREYTAN - By AUDREYTAN ECONOMICS CORRESPONDENT WITH the Iraq war hitting business and consumer spending, Singapore’s services industries did poorly in the first quarter even before the full impact of the outbreak of severe acute respiratory syndrome (Sars) was felt. Figures from thetom: SINGAPORE 6WWTMENT OF iWCTtfe,; C.CHANDRADAS - 585 words
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Article, Illustration549 2003-05-31 7 CAMILLA CHIAM - A survey reveals that the average female credit card holder has five and she’s not afraid to use them to her advantage Bu CAMILLA CHIAM THE Singapore woman holds more credit cards than the Singapore man. If she has one credit card, she’s probablyPOSF.D PICTURE HOW HWEE YOUNG - 549 words
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Page 7 Miscellaneous
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Miscellaneous1064 2003-05-31 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 Word1,064 words
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COMMENT
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Article605 2003-05-31 8 MONDAY May 26, 2003 WITH the lifting of the United Nations’ 13-year-old sanctions on Iraq, another nail a very large one has been driven into the legacy of a man called Saddam Hussein. It was his invasion of Kuwait that led the country into one of605 words
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Article580 2003-05-31 8 THURSDAY May 29,2003 THE United States has a right to be concerned if Al-Qaeda members in Iran helped plan this month’s suicide attacks in Saudi Arabia. Any country that permits people on its soil to attack Americans cannot but expect serious consequences. The Taleban regime in580 words
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Article, Illustration928 2003-05-31 8 hCHUALEE HOONG - SATURDAY With h CHUALEE HOONG SO SINGAPORE Airlines pilots are in the news again but how different the headlines are this time! In The Straits Times on Jan 24 last year: “Pilots’ union votes to accept wage cuts”. This Monday:MIEL - 928 words
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COMMENT/PERSPECTIVE
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Article, Illustration658 2003-05-31 9 y DOMINIC NATHAN - THE WAY I SEE IT By y DOMINIC NATHAN IF YOU still have any doubts that Singapore is going through its worst ever crisis, then you only have to look at the fortunes of Singapore Airlines, the flagship company of Singapore Inc. In many ways aLI’DWIG IUO - 658 words
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893 2003-05-31 9 ANDYHO - ANDYHO SKNIOH WRITEH IF YOU catch the average housewife here buying canola oil and tell her it was originally an industrial lubricant, she is likely to turn somewhat pale. Tell her that the canola plant has had its genes modified so its893 words
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INSIGHT
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Article, Illustration2017 2003-05-31 10 The National Wages Council used to be associated with Singapore’s high-wage policy. But many Singaporeans in their 20s know it only as a harbinger of wage freeze and cuts. What are the economic and political implications of a younger generation hit with2,017 words
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Article, Illustration1132 2003-05-31 11 if/ BERTHA HENSON - THINKING ALOUD if BERTHA HENSON I HAPPEN to be one of those people whose temperature is always close to the so-called fever mark of 37-5 deg C. My heart starts racing whenever I get to “temperature stations” set up in government1,011 JAHAN - 1,132 words
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684 2003-05-31 11 HOKHAILEONG - By HOKHAILEONG FOR TMi: STRAITS TIMES A WAGE cut, whether during a recession or in times of prosperity, usually generates animosity among workers whose livelihood depends solely on their take-home cheques. When the Hong Kong government proposed a cut in minimum wage for foreign684 words
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SOUTH-EAST ASIA
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373 2003-05-31 12 BRENDAN PEREIRA - To cut cost, only 100,000 young men may be recruited for the national service programme which will kick off next year BRENDAN PEREIRA MALAYSIA CORRESPONDENT KUALA LUMPUR The Malaysian Cabinet has approved plans to launch the country’s national service (NS) programme next year but373 words
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416 2003-05-31 12 AFP, Jakarta Post/Asia News Network Tough-going for troops as guerillas melt into civilian population BANDA ACEH Indonesia’s military reported increased rebel casualties in Aceh province on Wednesday but admitted that troops were having a tough time confronting highly mobile guerillas who blended into– AFP,; Jakarta Post/Asia News Network - 416 words
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Article, Illustration328 2003-05-31 12 KLUANG A former leader of a Chinese clan association slashed her wrist at the organisation’s anniversary dinner to proclaim her innocence over allegations that she misappropriated association funds. Mrs Lim-Gao Lian was taken to hospital following the incident and remained warded, said theCUANC MIN DAILY - 328 words
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MONEY
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677 2003-05-31 13 THE stock market trended higher this week as the Sars (Severe Acute Respiratory Syndrome) outbreak seemed to be under control in most of the affected countries in the region. The benchmark Straits Times Index rose 30.9 points to 1,349 this week677 words
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Article126 2003-05-31 13 WEEK'S TOP RISES Cents Volume Ch0DBeCW091USS.... ***** 467.3 2.7 7,500 UOB 1110 50.0 4.7 14,333,000 Sea View 565 45.0 8.7 17,000 DBS Grp 980 40.0 4.3 16,973,000 City Dev 50c 394 28.0 7.7 22,604,000 JMH U$25c 400 605 26.0 2.5 237,200 Guocoland NCCPS04 95.5 25.5 36.4 51,000 CSC 525 25.0126 words
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Article133 2003-05-31 13 WEEK'S TOP RISES Cents Volume CSC W*****7 1 100.0 0.5 130.000 Global Tech HKIc 4 100.0 2.0 70.076,000 See Hup Seng W05 1 100.0 0.5 10,000 See Hup Seng 10c 3.5 75.0 1.5 220,000 Falmac Ltd 20c 5 66.7 2.0 51,000 SwingMediaW*****3... 6.5 62.5 2.5 19,112,000 ASTI W*****1 ....6 50.0133 words
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Article126 2003-05-31 13 WEEK'S TOP FALLS Cents Volume VentureCorp25c.... 1510 •50.0 -3.2 7,005,000 Haw Par Corp 380 -28.0 -6.9 2,283,000 AP Breweries 525 -20.0 -3.7 89,000 OCBC 920 -20.0 •2.1 15,061,000 OUE 615 -20.0 •3.1 742,000 Keppel Corp 50c.... 440 -14.0 •3.1 8,831,000 Jurong Engg 50c.... 164 -11.0 -6.3 1,746,000 Prima 595 -10.0126 words
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Article134 2003-05-31 13 WEEK'S TOP FALLS Cents Volume Koh Bros W04 1.5 40.0 -1.0 211,000 Mediastream 5c 1 -33.3 -0.5 9,202,000 Acma W*****6 1.5 -25.0 -0.5 932,000 ChipEnqS W*****2 1.5 -25.0 -0.5 27,000 •OverSGen 5.5 -21.4 -1.7 2,000 SunliqhtGrp 10c ...24 -21.3 -6.5 1,585,000 Craft Print 15c 6 -20.0 •1.5 46,000 Goldtron 5c134 words
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Article75 2003-05-31 13 Straits fines Index The Straits Times Intel rose 30.9 points on the weeb to 1,349. DAY CLOSE TURNOVER Monday 1,335.34 <*17.2) 917.85m (494.95m) Tuesday 1,325.30 (-10.0) 672.43m (363.08m) Wednesday 1,338.60 (*13.3) 959.84m (525.16m) Thursday 1,344.30 <*5.7) 872.52m (562.52m) Friday 1,349.00 (*4.7) 1.29b (756.60m) BT-SRI Index The BT-SRI75 words
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Article, Illustration420 2003-05-31 13 AUDREY TAN - Weakness across all industries signals economy shrank in April, dashing hopes of sector propping up second-quarter growth AUDREY TAN OUTPUT from Singapore’s main engine of growth, manufacturing, fell by a surprise 5 per cent last month compared to the same period a year ago. Although420 words
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Article530 2003-05-31 14 LORNATAN - Fund market rebounds, posting returns of $760 million or 3.8%, led by solid showing by global and European equities By LORNATAN COMPANIES CORRESPONDENT HERE is cheer for all those investors who have endured lousy returns from their unit trusts over the past two years or so:530 words
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Article, Illustration1027 2003-05-31 14 LEE SU SHY AN - Fang Ai Lian back at the helm of Ernst Young By LEE SU SHY AN COMPANIES CORRESPONDENT IN A stunning turn of events, Mrs Fang Ai Lian has made a comeback as managing partner of Singapore’s No.l accounting firm Ernst Young (E&Y), less than 12 months after her colleagues votedRAYMOND LEE - 1,027 words
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Article256 2003-05-31 14 HUGH CHOW; and EDNA KOH - By HUGH CHOW and EDNA KOH A KEY member of the former Keppel Tat Lee Bank team that joined OCBC Bank when the two banks merged in 2001 has unexpectedly quit the second senior OCBC executive to leave the group within a week. Mr Victor256 words
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Page 13 Advertisements
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Advertisement25 2003-05-31 13 Log on to check prices Readers who want to see the latest stock-price and unit-trust listings can logon to thefollowing websites: business-times.asial.com.sg www.asial.com www.flmdssupermart.com www.singaporeexchange.com25 words
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FORUM
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483 2003-05-31 15 I READ with concern about the disputes between Singapore Airlines management and the various unions over wage cuts for the airline’s staff. Given the current crisis in international aviation caused mainly by the severe acute respiratory syndrome (Sars) outbreak, it is inevitable that SLA483 words
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Article, Illustration342 2003-05-31 15 I AM a little worried that even young people are flocking to property launches to buy condominium units at a time when the spate of unfavourable economic news shows no signs of letting up. The article, “Bargain hunters snap up condos” (Page342 words
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291 2003-05-31 15 I REFER to the article, “D-I-Y bankrupts on sharp rise” (ST, May 18). I understand from the article that the Law Ministry’s Insolvency and Public Trustee’s Office wants to discourage this trend of self-declared bankruptcy. I believe that the only way to291 words
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Article294 2003-05-31 15 I AM proud of and, at the same time, disturbed by the generosity of Singaporeans when it comes to highly visible and emotional public donation drives. The public gave almost $lO million to The Courage Fund in seven weeks, and with ongoing projects as well294 words
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624 2003-05-31 16 CHEONG SUK-WAI; and CAMILLA CHIAM - More than 100 regional players work on a plan based around heavy discounts along with celebrity show of confidence By CHEONG SUK-WAI and CAMILLA CHIAM TWO giants of the travel industry have got the region’s airlines and major tourism players together to work on624 words
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Article, Illustration103 2003-05-31 16 CASH, credit, cars and lots of bang-for-the-buck bargains are what retailers here are banking on to trigger a national buying blitz which was kicked off yesterday and will go on till July 13. The annual Great Singapore Sale (GSS) turned 10 yesterday, and the 22,000ONC CIIINKAI - 103 words
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436 2003-05-31 16 LEE HLICHIEH - By LEE HLICHIEH DEPUTY Prime Minister Tony Tan indicated last Sunday that the Government is prepared to step in to stimulate the economy if the threat of a recession looms large. But he said the timing of such a move would depend on436 words