Streats, 23 July 2002

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Total Pages: 24
1 24 Streats
  • 12 1 Streats TUESDAY, JULY 23, 2002 Hotline: 1800-844-5566 E-mail: streats@sph.com.sg MITA (P) 240/03/2002
    12 words
  • MORNING RUSH
    • 71 1 THE Dow Jones Industrials slipped below 8,000 at the opening bell yesterday as investors, bruised by corporate scandals, opted for caution. By 12.06 am, the blue-chip index fell 209.10 points to 7,810.10, while the Nasdaq Composite Index lost 31.74 points to 1,287.41. Shares in Europe and Asia
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  • 814 1  -  B y Deepa Vijiyasingam GET trained. Endure the smaller pain. Adjust to the reality of structural unemployment and selective retrenchment. The Government and the guardians of the worker’s interest, the NTUC, were yesterday in sync on the crisis
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  • Page 1 Advertisements
    • 25 1 57LE&GUE 15... Clean: All players pass lie detector tests Clean: 119-goal feast not unusual Clean: S’pore Pools, FAS keep close watch on players PAGE 20
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  • STREATS parliament
    • CPF CHANGES: PLIGHT OF THE OLDER WORKER
      • 506 2 Give and take: Govt, S’pore Technologies take the lead THE Government will put its money where its mouth is on its assertions about valuing the services of experienced and able older workers. The civil service will take the lead in rewarding its workers who are
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      • 313 2 WHY should the Government make micro-decisions on CPF contributions for Singapore workers? Leave it to the employers to do this, Non-Constituency MP Steve Chia said yesterday. He questioned the need for the Government to make a blanket assessment of such
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    • CPF CHANGES: FIAT FINE-TUNING & FEARS
      • 41 3 From Jan 1, the HDB will transfer to banks and financial institutions its Junction of giving loans toflat buyers at commercial rates. But it will continue to give loans to those who qualify for flats at subsidised rates.
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      • 38 3 A CPF withdrawal limit for private property purchases will be set at 150 per cent of the valuation of the property from Sept 1. This wiU be brought down to 120 per cent over five years.
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      • 34 3 The progressive restoration of CPF contributions, at 20 per cent of monthly salaries each from employers and workers, is expected to be completed in two to four years, barring unforeseen circumstances.
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      • 187 3  -  By_ Deepa Vijiyasingam ONCE banks are allowed to provide loans for public housing, Singaporeans may end up with no roof over their heads. Six MPs warned yesterday that the “fundamental change” in housing policy might hurt people, not help them. From Jan 1, HDB
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      • 200 3 PRIVATE home buyers will soon be able to use their CPF savings to pay half the 20 per cent cash down payment. This will be possible because when the banks take over the provision of housing loans to such buyers at commercial interest rates,
        200 words
      • 153 3 FORMER speaker Tan Soo Khoon (left) yesterday made an unqualified apology in Parliament to DPM Lee Hsien Loong and the Public Transport Council (PTC) for remarks he made during a July 8 debate on public transport fare increases. Mr Tan (East Coast GRC) said he now
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  • Page 2 Advertisements
    • 235 2 MOTOR 'QUALITY PLAN' enjoy comprehensive coverage with special benefits Tel: 6788 5255 Visit: streats.income.com.sg Email: mkquot@income.com.sg Discounts A 5% discount will be given for loyal policyholders who have insured their vehicles with us for at least 3 years, or have a life policy with us for the same period. Option
      235 words

  • Page 3 Advertisements
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  • STREATS local
    • 195 4 SINGAPOREANS adopted 2,054 children in the last three years more than half of them from overseas, the Ministry of Community Development and Sports (MCDS) said. Most of the foreign children came from Malaysia and Indonesia. Others were from Vietnam and China. The cost of
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    • 67 4 Ask yourselves: Are we ready to be parents? Are there any alternatives to adoption? What will our relatives and friends think of our decision? If we have our own children, how would adoption affect them? Do we have the financial means to care for the adopted child? Are we
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    • 304 4  -  By YongHuiMien THE National Environment Agency (NEA) has devised a new burial system for the 68,000 Muslim graves to be relocated from the Bidadari Muslim Cemetery. The design of the new graves at Pusara Abadi Muslim Cemetery, in Choa Chu Kang, is the result of a
      304 words
    • 169 4  -  Reports by Khushwant Singh IN February 1984 when she was just 17, she was jailed a day and fined $2,000 for her first shoplifting offence. Yesterday, Lai Wan Pheng was sentenced to four years’jail. It was her 14th theft offence. Lai, 35,
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    • 115 4 TWO shoplifters were given a second chance yesterday. Rozi’ah Surani, 17, and Nurul Ain Mohd Sidik, 18, were placed on probation for 15 months and ordered to serve 100 hours of community service. A month ago, Rozi’ah pleaded guilty to stealing a hairband and a
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    • 269 4 THERE are 1,000 jobs vacant in semiconductor factories in Pasir Ris, with 2,500 more coming later this year. And local residents are being wooed. The problem is that most of the work is shiftwork and in clean rooms, both unpopular with workers here. The
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  • Page 4 Advertisements
    • 38 4 Is your resume reading like yesterday's news'? Nanyan| l*ctwwu*#< t\ va You can update it by upgrading yourself here. We have courses and programs to equip you with the knowledge and skills required in today's progressive organizations. www.ntu.edu.sg/cce
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  • Page 5 Advertisements
    • 734 5 ANNIVERSARY BIRTHDAY BASHH FREETRIDEXTape Rag Dispenser worth $5.90 •FREETRIDEXTapeRag Dispenser worth $5.90 15th July 15th August 2002 »25.00 3M MWJ3O9-Wrist Rest Mousing Surface »66.00 U.P. $75.00 3M TAF9OLCD Filter LCD Protection Additonal 5% Off for Evergreen VIP and POSBank Cardholders evergrGßn STATIONERY Buy 1 get 1 FREE Lakubo ball pen
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  • STREATS financial
    • 426 6 STI: 1,536.14 24.04 Reuters SHARES closed more than 1.5 per cent lower yesterday as investors dumped technology stocks and blue chips after Wall Street buckled under a string of US corporate scandals. The Straits Times Index ended down 24.04 points or 1.54 per cent
      Reuters  -  426 words
    • 313 6 Reuters SINGAPORE Banking giant DBS Group Holdings posted a lower-than-expected second quarter net profit of $253.4 million yesterday as its bottom line was hit by higher provisions for bad debts in key markets. Profits also were hurt by goodwill
      – Reuters  -  313 words
    • 248 6 -AFP NEW YORK Telecommunications giant World Com faced with a mountain of debt and a growing scandal over accounting irregularities on Sunday filed for bankruptcy protection in the largest corporate failure in US history. World Com filed for protection under Chapter 11 of the US
      -AFP  -  248 words
    • 24 6 •AS AT JULY 22 US$: 551.735 552.731 EURO: 551.752 Ss: 67.10 YEN Ss: RM2.191 Ss: HK54.497 Ss: 23.29 BAHT Ss: 5,079 RUPIAH
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    • 87 6 Creditor Amount (USSb) JP Morgan Trust Co (Indenture Trustee) .17.2 Mellon Bank NA (Indenture Trustee) 6.6 Citibank NA (Indenture Trustee) 3.29 JP Morgan Chase 3.01 Bear Stearns 2.72 Bank of New York 2.58 State Street Bank 2.02 Morgan Stanley Co 1.91 Goldman, Sachs Co 1.52 Suntrust Bank (Indenture
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    • MONEY SCAN
      • 113 6 Reuters TEMASEK Holdings, the Singapore Government's investment arm, said yesterday it had appointed three new managing directors. Mr Cheo Hock Kuan, previously director of executive resource and corporate human resources at Singapore Technologies, will join Temasek on Aug 1 as managing director of human resources and
        – Reuters  -  113 words
      • 125 6 Reuters IF sex sells, now’s a good time to flog it to investors while they mourn the poor performance of most of their investments. That’s the thinking of Australia’s largest brothel, the Daily Planet, which unveiled plans yesterday to list its property arm in a bid to
        – Reuters  -  125 words

  • Page 7 Advertisements
    • 210 7 sag *< <. ..*«.^><^*«B%;*.^ aSSST HlsPh Tii-mium iiiiiTiirTnnif»ifnm»r>Tnn wmmmm mine m i»iiiiimiihh Ww s\<. b/£t IFX££UPgKAt>ES?\ Order anv 3 Fast Experience the stunning selection of culinary flavors at Swensen’s that will take your tastebuds from Thailand to France. Begin your journey now and have a truly sumptuous time! any 3
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  • STREATS vocal
    • 421 8 WE REFER to “Trouble getting farecard refunds” (Streats, July 10) and “At least give seniors, students some relief” (Streats, July 15), letters by Tan Song Bian and Mark Leong Shiu Fatt respectively. We thank the writers for sharing their feedback and appreciate
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    • 267 8 THE REPORT “Out and Down Under” (Streats, July 22) was of great interest to me because I have been discussing with my wife that we should move out of Singapore when we retire. We fear that, because of the high cost of living here, we will
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    • 116 8 I BELIEVE an increasing number of Singaporeans will emigrate if they meet the criteria and it makes financial sense to go. The wealthy might not feel the pinch so much from all the price increases here, but the average Singaporean might want more
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    • 44 8 WE reported yesterday that the Parks and Waterbodies Plan was launched yesterday. This is incorrect. The Plan will be launched today at spm at the URA Centre in Maxwell Road. The plans will be on display until October. We apologise for the error.
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  • Page 8 Advertisements
    • 125 8 Have Your Say Streats is pleased to publish your views. To be heard, email us at streats@sph.com.sg or write to The Editor, Streats, 1000 Toa Payoh North, Singapore *****4. You should include your name, address and contact number. Contributions should comprise no more than 200 words. Letters sent to other
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    • 38 8 Sj Calls are charged at 90cts/min. He1p1ine:*****129. Callers under 18yrs must seek parental consent. Powercom Interactive Media Pte Ltd w% Calls are charged at 90cts/min. Heipiine:632s6i29. Callers under 18yrs must seek parental consent. Powercom Interactive Media Pte Ltd
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  • Page 9 Advertisements
    • 207 9 1 o 9 V V.V (c) 2001 San-X Co., Ltd. All rights reserved. A licensing Programme of RM Do your messages dance, sing and do cooi things? Star Hub's Cooi Gallery with larger-than-life downloads for your mobile phone. Picture Messages EMS Pictures loue You wpoto2l Miss v you •-£**< »alot!
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  • Page 10 Advertisements
    • 243 10 “I see a clear path towards my future 21S Thames really prepares me for it.” Maybelline Mok THAMES STUDENT Our courses lead you to a brighter future. Whatever your interest may be, we are confident that we have a course here at Thames that you can pursue. For our expertise
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  • STREATS medical
    • 473 11  -  Reports by Wendy Tan MADAM Lim Ker Tee, 67, has been diagnosed with a deteriorating macula. The macula is the most sensitive, central back portion of the retina, responsible for straight-ahead vision, enabling us to read, drive and see faces.
      ImmcisiLee  -  473 words
    • 176 11 IF YOU have dry macular degeneration, you can slow its progression to the wet form by simply taking a combination of antioxidants (betacarotene, vitamins C and E) and zinc. This was the finding of a US agerelated eye disease study of 3,600 patients, aged between 55
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  • Page 11 Advertisements
    • 332 11 fk,NES* u 14£Uj AJA REGISTRARS PTE LTD “GROW WITH THE PROFESSIONALS” Due to our continued growth and success in Singapore we are looking to immediately recruit ambitious Singaporean professionals to further expand our already substantial team of Quality, Environmental and Safety auditors. As a group AJA are the fastest growing
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  • Page 12 Advertisements
    • 482 12 W* LONG LUNCH 3. 4» 5. 1 was caught in a stampede! WHEN LATE BY 15 mins 3D mins 45 mins 60 mins 15 mins 10. 90 ms The Centrepoint Super Long Lunch Break Promotion For 10 tantalising days, from 19 to 28 July 2002, lunch takes on new flavours
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  • STREATS regional
    • 200 13 -AFP JAKARTA President Megawati Sukarnoputri’s political party has agreed to support a direct election for Indonesia’s president in 2004. The decision by the Indonesian Democratic Party of Struggle (PDIP) comes despite concerns which Ms Megawati reportedly raised earlier this month about the country’s
      -AFP  -  200 words
    • 146 13 -AFP MADRAS Indian movie stars were yesterday told not to crack jokes, sing aloud or flex their muscles while flying to Malaysia and Singapore this week, following an incident in which an Indian actress sparked a terror alert at a US airport. The South
      -AFP  -  146 words
    • REGIONAL DEBRIEF
      • 62 13 -AFP US troops were packing up and loading equipment into a ship anchored off the southern Philippines yesterday as a six-month anti-terror operation wound down, a Filipino commander said. The US navy engineers ferried equipment to the USS Fort McHenry, which sailed into the Philippines on
        -AFP  -  62 words
      • 58 13 PEOPLE have been urged to be aware of counterfeit RMI coins following the discovery of several coins by a bank in Kuala Lumpur, the New Straits Times reported yesterday. The bank had refused to accept some counterfeit coins brought in by a customer. The coins were found
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    • 250 13 Wire Services BANGKOK The A 1 Qaeda terror network is behind increased piracy of ships carrying radioactive material through the Malacca Straits in its bid to obtain ingredients for a “dirty bomb”, a regional expert said. Mr Panithan Wattana, a Thai scholar, was
      – Wire Services  -  250 words
    • Article, Illustration
      41 13 Zoologist Liz Turner of the Tasmanian Museum and Art Gallery looking closely at a giant squid which washed up on a Tasmanian beach on Saturday. The 200 kg squid could be a new species of the deep sea Leviathan
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  • Page 13 Advertisements
    • 231 13 The Future Is In Yoi University of Western Sydney BACHELOR OF BUSINESS IN MANAGEMENT Accelerated 12 months Program Flexible! Accredited! Affordable! For PSB SIM MDIS MIS SNEF CIM Holders. Exemptions available for Poly Biz Related Diploma Graduates. Call For Details! Packaged Course Fee; $8.900 511.900 Includes Books Materials Exam Fees
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  • STREATS global
    • 255 14 LONDON A surgeon at a leading hospital has said he had to stop midway through an operation because foreign nurses could not follow his instructions. As a result, he said, he has been threatened with disciplinary action for racism. Mr David Dunn, a
      255 words
    • 256 14 Reuters GAZA Palestinian Muslim militant group Hamas said yesterday that it would consider halting suicide attacks on Israelis if Tel Aviv withdrew from West Bank cities. Said Hamas spiritual leader Sheikh Ahmed: “Basically what I would say to the occupation army is to leave...
      – Reuters  -  256 words
    • GLOBAL DEBRIEF
      • 55 14 FOR the first time in five decades, Israel is experiencing severe bread shortages because of a strike by flour millers, protesting at a freeze on flour prices to keep down the cost of “dark” bread, the staple diet of many poorer Israelis. Even the army got no
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      • 83 14 AP A MAN armed with an assault-style rifle opened fire on a helicopter landing in a residential neighbourhood, thinking the chopper was carrying terrorists, police said. Pilot John Sutton landed his helicopter on July 13 at the home of a businessman in Williamsburg, Virginia, police said.
        – AP  -  83 words
  • Page 14 Advertisements
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  • Page 15 Advertisements
    • 187 15 I: H r 1 1IK pB £4 38Ah Yat Treats You to His Delectable IVlooncakes! World Renowned Chef Mr. YeunaKoon Yaf From now till 21 /9/02, a FREE box of Ah Yat White Lotus Seed Paste w/ (Worth $33) will be yours every $5O spent during lunch at any of
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  • easy STREATS
    • 632 16  -  She’s said 'no’to Robbie Williams and tells disapproving music critics to sod off’. For all her lady-like demeanour UK pop princess Sophie Ellis Bextor has one tart tongue By Yvonne Kwok SHE looks good, she writes her own music and her voice has been likened to The
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    • 141 16 A*MEI has finally done it. She has agreed to make her acting debut on TV, as a working executive in a new Taiwanese teen idol drama called Secretly in Love with You. The busy singer, who is preparing for her new album and
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    • 119 16 POP princess Britney Spears’ latest song about her split with Justin Timberlake is a “blatant copy” of the song Maybe by Enrique Iglesias, London’s The Sun reported yesterday. She has been singing the ballad, My Love Was Always There, on her US tour and telling fans
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    • 92 16 KOREAN hunk Song Seoung Heon will be in Singapore on Aug 25 with Vicki Zhao, Shu Qi and Karen Mok to promote their latest Hollywood action flick Virtual Twilight. The leading actor of Korean teaijerker Autumn In My Heart plays Shu Qi’s love interest. Shu
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    • 128 18 THERE will be thunderstorms in most areas in the morning, but it’s another hot day. Still, the 26-32°C temperatures ought to make it easy to celebrate yet another happy anniversary the birthday of the ice cream I cone. On July 23, 1904, Charles Menches of St
      Pic Clarence Chan  -  128 words
    • Just a minute
      • 140 18 Students who are sitting for their A levels this year and are considering applying for scholarships can get their questions answered at Scholars’ Choice Preview 2002 this Saturday at the Suntec Singapore International Convention and Exhibition Centre Ballrooms. Scholars who have been there and done that will
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    • Happenin’
      • Article, Illustration
        92 18 MAMMON INC Jubilee Hall, Raffles Hotel Thursday till Aug 4, 3pm (weekends) and Bpm Tickets at $43, $33 $23 Call Ticket Charge at 6296-2929 Based on Tan Hwee Hwee’s novel of the same name, the story begins when Chiah Deng, a Singaporean graduate fresh out of Oxford gets an
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      • Article, Illustration
        97 18 MAGIC OF LOVE Touch Community Theatre (3615 Jalan Bukit Merah) Saturday, 3pm and Bpm Tickets at $2l Call Ticket Charge at 6296-2929 Set in 1930 s Shanghai, this is the story of a father and daughter who shoot to stardom with their magic show. However, at the height of
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      • 67 18 BONER R(A) Guinness Theatre, The Substation Wednesday till Aug 3, Bpm Tickets at $23 Call Sistic at 6348-5555 This is a chamber performance about a woman who kills those dearest to her in order to collect their bones. Naturally, sex and violence feature in the R(A)-rated performance. Directed by
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      • 71 18 SINGPEX 02: SINGAPORE NATIONAL STAMP EXHIBITION Hotel New Otani, Plum Room Friday till Sunday, 10am-Bpm Free Check out up to 40 frames of exciting stamp displays on diverse themes from religion to history to sports. Organised jointly by the Association of Singapore Philatelists and the Singapore Stamp Club, the
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      • Article, Illustration
        63 18 MADAM WONG'S LIVE! LOUD DANCE FESTIVAL Siloso Beach, Sentosa Aug 3,12 pm onwards Promotional tickets at $4B till July 27; $5B July 28 onwards Call Ticket Charge at 6296-2929 Party till late with acts like Belinda Carlisle, Hadley, Norman and Keeble, Bananarama (below), The Bushmen, Energy and Alphaville. Guest
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    • Tune in TV & MOVIE NEWS
      • 72 19 10pm, Channel i Thomas Crown is a charming self-made billionaire who can get anything and any woman he wants. He is bored, and when someone walks out of an art gallery with a priceless Monet, Crown is the last person the police suspect. But one investigator
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      • 54 19 9pm, Channel U Xuanzong pampers Yuhuan even more after she reveals that she is pregnant with his child. This arouses Donger’s jealousy, who poisons Huan’s medicine, causing her to have a miscarriage. Thinking that Concubine Li is behind her misfortune, Huan spills the beans about Li’s
        54 words
      • 95 19 10pm, Central Regina is about to divorce her husband when she finds out that he has been murdered after converting every penny they owned to cash, which is missing. She meets Cary Grant who changes his name every 15 minutes or so and is interested in the money, which
        95 words
      • 67 19 7pm, Channel 5 Agents Kay (Tommy Lee Jones) and Jay (Will Smith) are members of a top-secret organisation which monitors and polices alien activity on Earth. The two find themselves in the middle of a plot by an inter-galactic terrorist who has arrived on Earth to assassinate
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      • 249 19 WARNER Bros has signed Alfonso Cuaron to direct the third Harry Potter movie. Harry Potter and the Prisoner of Azkaban will be directed by the Mexican-born Cuaron, best known for his road trip movie, Y Tu Mama Tambien, which is now showing here.
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    • Article, Illustration
      150 19 VANESSA-MAE The Best ofVanessa-Mae SHE has sold more than six million albums and holds more than 40 platinum awards for pop and classical recordings. At 23, she is a superstar in both pop and classical worlds. Small wonder that Michael Matthews, director of the Royal College of Music,
      150 words

  • Page 17 Advertisements
    • 521 17 Advertising Feature Get rid of unsightly hair Now! Almost everybody wants to get rid of unsightly body hair. Remember the hoo-ha a particular famous actress created when she neglected to shave? People were going on for days about her hairy armpits! In order to wear those tantalisingly skimpy little outfits,
      521 words

  • Page 18 Advertisements
  • Page 18 Miscellaneous
    • 438 18 Shi Suen. In Mandarin. Yourdailyhoroscope by Kelli Fox at Astrology.com AQUARIUS JAN 20-FEB 18 Stay positive despite the clouds on the horizon. As long as you’re doing your job, you have the ideal cause and an airtight alibi. By tomorrow, all of these caveats and restrictions will be history. hs
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  • STREATS sports
    • 573 20  -  By 'Adam Hashidy NEVER mind the recent high-scoring games. Never mind that some players have been hauled up to undergo the liedetector test. And never mind a newspaper’s allegation more than a week ago that “it is
      573 words
    • 195 20 WHY WE WON BIG We happened to reach our peak. Besides, we have been doing better in attack lately and were also at full strength against Sengkang Marine except for the suspension to defender S Jirasirichote! Geylang coach Jang Jung on its 9-0 win over Sengkang Marine
      195 words
    • 436 22 Rivaldo’s most likely destination would appear to be Italy. Lazio made an offer last year and expressed a renewed interest recently Brazilian gives his word that he will not join Madrid rivals Wire services BARCELONA Barcelona is confident Rivaldo (above) will not sign for arch-rival Real
      – Wire services; Pesters  -  436 words
    • 120 22 -AFP LONDON Leeds United will seek to replace departed skipper Rio Ferdinand with former Manchester United stopper Jaap Stam, it was reported here yesterday. Ferdinand sealed a £3O million (SSBI million) deal to Manchester United, a move confirmed to the London Stock Exchange yesterday. The Daily
      -AFP  -  120 words
    • SPORTS SCAN
      • 185 22 CYCLING -AFP VAISON-LA-ROMAINE, France For Spaniard Joseba Beloki today’s Tour de France 15th stage will be a crucial test of his ambitions to finally emerge from the shadow of three-time winner Lance Armstrong. Beloki, who finished third overall for the past two years, is well aware his
        -AFP  -  185 words
      • 90 22 COMMONWEALTH GAMES MANCHESTER Singapore’s badminton contingent had a fire scare yesterday while training at the Bolton Arena in Manchester for the Commonwealth Games starting on Thursday. The seven-man squad was going through the paces when the fire alarm went off at about 11.30 am (6.30 pm, Singapore time).
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      • 69 22 SOCCER Reuters LONDON Blackburn Rovers manager Graeme Souness says Ireland’s World Cup winger Damien Duff has been the subject of an enquiry from Liverpool. Souness told British newspapers yesterday: “We have had a telephone call from Liverpool asking if Damien was available. The answer was ‘no’. But
        – Reuters  -  69 words
    • 385 23 AP GULLANE, Scotland Playing the first two rounds of the British Open with Tiger Woods didn’t get to Shigeki Maruyama (right). But holding the lead briefly in Sunday’s final round with the claret jug a distant vision was a bit too much for the
      ’ – AP  -  385 words
    • Article, Illustration
      560 23 His career on the line, Els overcomes bad feeling -afp MUIRFIELD, Scotland Newly crowned British Open champion Ernie Els (right) has admitted that if he had not won Sunday’s last gasp suddendeath play-off, his career could have gone into oblivion. Els appeared to be heading for a
      -afp; AP  -  560 words

  • Page 21 Advertisements
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    • 488 23 Vo Barriers! Ho Gitowicfcs! Vo litof+s! Ii liUlill h V' /(1 Hi «5 ■i .ove Is All Around AlmelessComersatioh The Crying Game When I See You Smile ire Prayer Twenty Four Seven Hot In Hera AH: Want To Where You Are Sugar For The Soul One Night Stand atom An
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  • Page 24 Advertisements
    • 159 24 Top 50 MBA in the World Q& UNIVERSITY OF BRADFORD mir i: m jm x* sf—s7W„ 24 July 2002, 7pm Hilton Singapore Orchard Road Vista Room, Level 3 Speakers: Mr Stuart Sanderson Associate Dean for Graduate Programmes Dr Damian Ward Faculty, School of Management www. mens The Bradford University School
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