The Straits Times : Weekly Overseas Edition, 23 August 2003
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2003-08-23
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The Straits Times : Weekly Overseas Edition
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Title Section25 2003-08-23 1 The Straits Times Weekly Edition PACIFIC AREA NEWSPAPER OF THE YEAR Saturday, August 23,2003 Price: 551.20 (in Singapore) Elsewhere by subscription only MITA (P) 090/03/200325 words
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Article, Illustration944 2003-08-23 1 LYDIA LIM - Addressing the nation, PM Goh says for Singapore to stay competitive and save jobs, the rates will have to come down LYDIA LIM SENIOR CORRESPONDENT THE Central Provident Fund contribution rate will be cut and in the long term, it could go down toDesign: LEE CHEE CHEW; Photo: DESMOND WEE - 944 words
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Page 1 Advertisements
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Advertisement46 2003-08-23 1 Education A Juggling Act Down Pat Some graduands from the polytechnic this year have successfully juggled studies and a business venture. pace 7 Money Exports Up By 11% Singapore’s exports registered healthy double-digit growth last month evidence that economic recovery is right on track. page 1346 words
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N-DAY RALLY 2003
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700 2003-08-23 2 CHUAMUIHOONG - CHUAMUIHOONG SENIOR CORRESPONDENT DEPUTY Prime Minister Lee Hsien Loong is the Cabinet’s choice to take over as Prime Minister from Mr Goh Chok Tong. Revealing this on Sunday night, PM Goh said he had taken “quiet soundings" from ministers and700 words
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Article, Illustration865 2003-08-23 2 WHEN it comes to attracting investments, Singapore’s high cost is a stumbling block, especially when many lowercost rivals are emerging. For every one manufacturing worker hired here, a com[>any can employ three in Maaysia, eight in Thailand, 13 in China or 18 in865 words
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523 2003-08-23 3 TWO young journalists who felt The Singapore Dream was over received a dose of history and some pep talk from Prime Minister Goh Chok Tong on Sunday. The women, both in their mid-20s, had described the growing despair among their generation, which523 words
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Article, Illustration588 2003-08-23 3 APPLAUSE loud and long reverberated around the University Cultural Centre as Prime Minister Goh Chok Tong made an unusual move on Sunday he gave the spotlight to four Singapore heroes. They represent the corps that battled and overcame the Sars outbreak, and were invited toDESMOND WEE - 588 words
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Article586 2003-08-23 3 TAN TARN HOW - FROM THE GALLERY B’l TAN TARN HOW TALK about wrenching adjustments. No words can better describe the Central Provident Fund (CPF) changes that Prime Minister Goh Chok Tong announced on Sunday night at the National Day Rally. The looming cuts in contribution rates, the586 words
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HOME
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617 2003-08-23 4 AUDREYTAN; Ahmad Osman - SingTel: $25m a year ♦S7A: $4&m ♦DBS Bank: $18m §!L AUDREYTAN Additional reporting by Ahmad Osman Ahmad Osman UP TO $25 million a year that is how much Singapore’s biggest listed company, SingTel, will ring up in savings under proposed617 words
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404 2003-08-23 4 FIVE junior college students have given Singapore a .'lBth birthday present by placing second in the World Schools Debating Championships in Peru. This is Singapore’s highest ranking ever in the competition, and the first time the ReS’ has reached the grand of404 words
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Article, Illustration332 2003-08-23 4 CHINA-BORN artist David Kwo, well-known for his brush Eainting of his black cat, died ist Wednesday and left paintings valued at more than $1 million to the National University of Singapore (NUS). Dr Kwo, 84, bequeathed the paintings just 10 days before he diedBRYAN VAN DI R BKKk - 332 words
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Article, Illustration164 2003-08-23 5 DAVID BOEY - Bn DAVID BOEY THE Island View condominium, in the Pasir Panjang area, is the first condo in Singapore to tap the Internet to show live images captured by wireless video cameras set up in the development. The 72-unit condo’s surveil- lance system isBRYAN VAN DER BKEK - 164 words
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622 2003-08-23 5 CHRISTOPHER TAN - Quotes from authorised dealers can be more than 10 times those of independent workshops, says insurer NTUC Income By CHRISTOPHER TAN SENIOR CORRESPONDENT EVEN as it battles workshops that inflate claims or aggravate damages, leading motor insurer NTUC Income is turning its622 words
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480 2003-08-23 5 KELVIN WONG - in KELVIN WONG MOBILE phone customers who paid to keep their existing phone numbers when they switched operators in recent weeks are finding the result is not what they thought it would be. Instead, they say, they were made to sign up480 words
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Article416 2003-08-23 6 NATALIE SOH - After Blaster worm, two other viruses strike home PCs and networks, including NUS. Customer-care hotlines buzz By} NATALIE SOH A WAVE of virus attacks has hit Singapore computer users over the past few days, slowing networks to a crawl and paralysing machines. The triple whammy416 words
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604 2003-08-23 6 SANDRA DAVIE - Bn SANDRA DAVIE EDUCATION CORRESPONDENT A SCHEME will be in place by the end of the year to help the growing number of poor families who are struggling to pay the kindergarten fees of their children. The Ministry of Community Development and604 words
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Article, Illustration446 2003-08-23 6 HO KA WEI - Bit HO KA WEI WHEN Mr Bernard Ng asks in shops about the Speedball, a simple device he designed to keep laptop computers cool, he’s always told it comes from Taiwan, or maybe the United States. Never Singapore. When The Straits Times checked theONGCHINKAI - 446 words
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Article, Illustration481 2003-08-23 7 JANENG - They studied... and ran their own companies as well Bn JANENG BEFORE entering the Singapore Polytechnic three years ago, Mr Lawrence Kim, 21, started a printing company. Now, even as he is about to receive his diploma in banking and financial services, he is already makingTAN HOWE YANG - 481 words
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Page 7 Miscellaneous
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Miscellaneous1061 2003-08-23 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 Word1,061 words
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COMMENT
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Article627 2003-08-23 8 TUESDAY August 19,2003 PRIME Minister Goh Chok Tong made the most important political speech of his career on Sunday evening at the National Day Rally. It was a make-or-break rallying call for the people and very much make-or-break as well for his own political legacy that will627 words
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Article564 2003-08-23 8 WEDNESDAY August 20, 2003 WITH minimal fuss and fanfare, Prime Minister Goh Chok Tong has officially served notice. Wrapping up his National Day Rally speech on Sunday, he announced that political succession was grooving along on track and named Deputy Prime Minister Lee Hsien Loong as the nation’s564 words
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Article, Illustration950 2003-08-23 8 ANDYHO - ®2. ANDYHO SENIOR WRITER IT MAY be time to start temperature screening again. Canadian health officials announced on Thursday last week that over the past six weeks, a “Sars-like virus” had shown up at a nursing home in Surrey, Vancouver. However, they were reluctant to.Oil JAHAN - 950 words
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COMMENT/PERSPECTIVE
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Article, Illustration910 2003-08-23 9 MAFOOT SIMON - THE WAY 1 SEE IT By'. MAFOOT SIMON HOW do you tell a 10-year-old Malay girl that it’s all right for a Muslim to help out at a funeral of a Hindu neighbour? Or, how do you tell non-Chinese kids who ask why every onceMill JA M A \ - 910 words
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911 2003-08-23 9 HOKHAILEONG - By HOKHAILEONG FOR THE STRAITS TIMES AS SINGAPOREANS grapple with the pain of a massive restructuring of the economy, they will now also have to ponder issues related to the ascendance of a new prime minister. The question is not who, or911 words
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INSIGHT
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Article, Illustration1723 2003-08-23 10 A new phenomenon has arrived in Singapore. Started in the West the growingtrendamong profitable companies to hire ana fire is unnerving workers. Our political reporter SUE-ANN CUM examines whafs behind the rising popularity of pre-emptive layoffs. EVERY night, senior computer operatorMIEI. - 1,723 words
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Article, Illustration1275 2003-08-23 11 CHUAMUI HOONG - Workers need protection not just direction THINKING ALOUD By CHUAMUI HOONG GORILLAS in Central Africa live in small bands that revolve around a dominant male called a silverback because of the silver hair on his back and neck. The silverback provides the focal point that keeps others in line whenMI K 1 - 1,275 words
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SOUTH-EAST ASIA
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Article, Illustration536 2003-08-23 12 LESLIE LAU - Proposed changes to beat and lyrics, aimed at instilling greater sense of patriotism, fail to strike the right chord with Malaysians By LESLIE LAU IN KUALA LUMPUR PLANS to unveil a new version of Malaysia’s national anthem later this month have hit a sour note.REUTERS - 536 words
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472 2003-08-23 12 DEVI ASMARANT - Hambali allegedly gave this amount to support terrorist attacks: Police ft. DEVI ASMARANT THESTRAITSTIMES INDONESIA BUREAU JAKARTA Police said here on Tuesday that suspected terror mastermind Hambali had sent U 5545,000 (5579,000) to fellow militants in Indonesia to finance bombings in the countiy. The police472 words
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300 2003-08-23 12 LUZBAGUIORO - By LUZBAGUIORO PHILIPPINES CORRESPONDENT MANILA The government’s relations with the media are the latest casualty in the aftermath of the failed July 27 coup attempt. Journalists who interviewed suspected coup plotters or their relatives have come under cen- sure from President Gloria300 words
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MONEY
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679 2003-08-23 13 DRASTIC measures to cut CPF contributions and help Singapore become more competitive drove the benchmark Straits Times Index (STI) up 45.9 points to a new year-high of 1,640.19 even as average daily turnover eased a marginal 0.12 per cent to 1.26679 words
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Article132 2003-08-23 13 WEEK'S TOP RISES Cents Volume Creative T 25c 1860 130.0 7.5 6,427,100 DBS Grp 1320 110.0 9.1 23,254,000 SIA 50c 1180 80.0 7.3 6,946,000 SIA 200 1170 60.0 5.4 186,600 APB Breweries 670 50.0 8.1 269,000 Venture Corp25c... 1860 50.0 2.8 4,293,000 JSH US5c 500 348 38.4 6.7 897,000 City132 words
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Article134 2003-08-23 13 WEEK'S TOP RISES Cents Volume KingWan W*****4.... 2 100.0 1.0 340,000 Eastgate W*****1.... 13 85.7 6.0 29,743,000 Enzer 23 84.0 10.5 20,906,000 POC Corp 5c ...8.5 70.0 3.5 60,087,000 Eastgate 10c 21 50.0 7.0 85,554,000 PNE Ind W*****8 8 45.5 2.5 44,917,000 ASTI W*****1 9 38.5 2.5 61,000 Pac Andes134 words
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Article126 2003-08-23 13 WEEK'S TOP FALLS Cents Volume DairyFarm 145 •31.4 -11.0 1,533,600 B Sembawang 1230 -20.0 -1.6 19,000 Keppel Corp 50c 515 -15.0 -2.8 6,205,000 OUE 705 -15.0 -2.1 286,000 C&C 468 -12.0 -2.5 4,471,000 F&N 965 -10.0 -1.0 2,154,000 H Royal 157 -8.0 -4.8 3,000 Haw Par Corp 428 -6.0 -1.4126 words
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Article132 2003-08-23 13 WEEK'S TOP FALLS Cents Volume Acma W*****6 1 -33.3 -0.5 232,000 BBR Hldqs 5c t.5 -25.0 -0.5 24,192,000 GreenWorld 20c 20 -21.6 -5.5 4,000 GMG Global 5c 2.5 -16.7 -0.9 3,007,000 Mediastream 5c 3 -14.3 -0.5 2,518,000 Greatronic Ltd 12.5 -13.8 -2.0 21,151,000 Nam Lee 10c 37.5 -12.8 -5.5 17,932,000132 words
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Article75 2003-08-23 13 Straits Times Index The Straits Timas Index rosa 4S.9 points on tho weak to 1,640.19. DAY CLOSE TURNOVER Monday 1,622.24 (*27.9) 1.59b (932.26m) Tuesday 1,615.28 (-7.0) 1.48b (1.02b) Wednesday 1,611.97 (-3.3) 886.57m (591.37m) Thursday 1,635.34 (*23.4) 1.11b (677.43m) Friday 1,640.19 (+4.9) 1.22b (767.26m) U-SRI Index The BT-SRI75 words
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Article, Illustration566 2003-08-23 13 NARENDRA AGGARWAL - Economy on course for recovery, say analysts, after July figures show continued boost from pharmaceuticals By By NARENDRA AGGARWAL ECONOMICS CORRESPONDENT SINGAPORE’S all-impor-tant exports registered healthy double-digit growth last month, providing further evidence that the much-awaited economic recovery is on track. Shipments of SingaporemadeSoiltt: WTIRNATIOHAIENTERWSE $»#CAPOtt; ADAM LEK - 566 words
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Article, Illustration971 2003-08-23 14 AUDREYTAN - Proliferation in entrepreneurship awards and the like prompts some to question the need for so many of a ‘similar nature’ b<l AUDREYTAN ORNAMENTAL fish-breeder Kenny Yap was not even aware that he was in the running for the Most Creative Entrepreneur award untilADAM LEE - 971 words
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547 2003-08-23 14 NICHOLAS FANG - Bv NICHOLAS FANG INVESTORS who fancy taking a gamble will soon get a chance to own shares in a casino when tourism and leisure group NagaCorp lists on the Singapore Exchange (SGX), becoming the first casino counter on the bourse. NagaCorp, which is largely547 words
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299 2003-08-23 14 Bloomberg News SINGAPORE bank stocks are failing to match the performance of their peers in Hong Kong for good reason, say investors. Take DBS Group Holdings, Singapore’s biggest bank by assets. Profit fell 13 per cent in the first half, even as earnings atBloomberg News - 299 words
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Page 13 Advertisements
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Advertisement27 2003-08-23 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.ftmdssupermart.com www.singaporeexchange.com27 words
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FORUM
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459 2003-08-23 15 THE changes to the Central Provident Fund (CPF) contribution rates in recent years have kept Singapore a relatively competitive investment location with the added advantage of workers with high skill levels. The latest move to reduce the CPF contribution rates459 words
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Article, Illustration182 2003-08-23 15 A SWISS friend of mine came to Singapore recently for a vacation. He was truly impressed by the service provided by Singapore Airlines and Changi Airport. As he is a backpacker, he planned to use public transport frequently during his one-week stay here. However,182 words
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274 2003-08-23 15 Adults ought to take the lead in teaching children about racial harmony, as Mr Mafoot Simon pointed out in his commentary, ‘Why turn spotlight on kids?” (Page 9). Sadly, some do not see the seriousness of racism, saying that it occurs in every274 words
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Article302 2003-08-23 15 THE attack on the United Nations headquarters in Baghdad was also an attack on Singapore. The UN represents its member states in the international community and operates with their collective mandate. An attack on the UN is an attack on us all. The UN has302 words
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630 2003-08-23 16 WONG SHER MAINE - EDB is wooing established foreign institution to set up a campus here; new university will be funded privately ?!L WONG SHER MAINE SINGAPORE may get a fourth university, and it is likely to be an established foreign one. The Economic Development Board (EDB)630 words
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Article, Illustration567 2003-08-23 16 K.C. VIJAIAN - Ba} K.C. VIJAIAN THREE hours after flying out of Colombo, the power failed in Captain Faria e Mello’s plane. Not only did his instruments go dead, but the cabin was in pitch-black darkness and he had to hold his torchlight in hisENRIQUE SORIANO - 567 words
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218 2003-08-23 16 LEE HUICHIEH - BiL LEE HUICHIEH THE number of babies born in the first six months of this year has fallen at such a rate that if it continues, Singapore will, at year-end, record its lowest number of births in 26 years. Only 18,503218 words