Newsgroups: bit.listserv.seasia-l
Date:         Wed, 6 Jan 1993 15:57:29 EST
From:         mulliner@OUVAXA.CATS.OHIOU.EDU
Subject:      SG: NEWS: #18, 3-4 Jan 93 (fwd)

                   Ohio University Electronic Communication


   Date:  06-Jan-1993 03:55pm EST

     To:  Remote Addressee                     ( _MX%"SEASIA-L@MSU.EDU" )

   From:  Kent Mulliner                              Dept:  Library
          MULLINER                                 Tel No:  614-593-2707

Subject:  SG: NEWS: #18, 3-4 Jan 93 (fwd)


Forwarded from Singapore Gopher, with permission
Offered by Singapore International Foundation (SIFlash)


Singapore Daze
++++++++++++++
A twice weekly bulletin featuring local news snippets from
Singapore Publications. Issue #18: 3-4 Jan 1993

**************************************
1.  SM Lee: Venture Abroad or bust
2.  Proposed code of conduct for banks
3.  Green labels do not sell
4.  Women trapped in lift dies
**************************************

1.  >Venture abroad or bust<

(Sun Times, 3 Jan) SM Lee warned that Singapore will be a failed
NIE if people are satisfied with success at home and do not dare
venture abroad to build an external economy. Singapore were
already being left behind by South Korea, Taiwan, Hong Kong which
were internationalising rapidly, and Asean countries were
catching up fast. "Singaporeans are content to be stuck at home.
We have got to shake Singaporeans up, make them adventurers, or
we will be losers".

The danger of being left behind and losing out to the NIEs was
real and would happen in 10-20 years unless Singaporeans changed
their attitutes. Urging Singaporeans to concentrate on the key
issues, the SM said that they must realise that they could not
become successful and prosperous by "talking and concentrating
on dividing the pie". This speech was delivered in Nov at the
PAP's cadre conference and published, edited, in Petir.

2.  >Proposed code of conduct for banks<

(ST, 4 Jan) The Government is now studying a proposed code of of
conduct for banks which will call upon then to advertise clearly
their charges and disclose their effective interest rates. The
final draft if the code was forwarded about a month ago by the
Association of Banks in Singapore (ABS) to MAS for its
endorsement. Sources say the code calls banks to:

-disclose effective rather than nominal interest rate payable by
customers, and when interest rate will be charged to the account
-Ensure that advertising reflects the banks services accurately.
The advertisement should be limited to the facts, and risks
should be highlighted
-ensure that a detailed list of charges, including the basis used
to calculate them, is available to customers on request.

3.  >Green labels do not sell<

(ST, 4 Jan) At some major retail outlets, products bearing the
Green label do not sell well. This has prompted the Ministry of
Enviroment (ENV) to start a publicity campaign to jump start the
scheme. The publicity campaign will last until March to coincide
with the launch of the next batch of GreenLabel products.

During Clean and Green Week in Nov, retailers like NTUC, Metro
and Cold Storage set up Green Corner for green label products.
But stores said permanent corners would only be viable if there
was a variety of consumer products, with new ones being
introduced every other month or so. Only recycled paper and
batteries now carry the GreenLabel. ENV plans to  introduce new
categories two or three times a year.

4.  >Woman trapped in lift dies<

(Sun Times, 3 Jan) A mother of seven, who gave birth to twin boys
last Monday, died on Friday after being trapped in a KK hospital
lift for over an hour. Madam Noor Mohd Aishah Tan, 27, had
developed fits in the early hours of the morning  and was taken
o the intensive care unit in the upper floor when the lift door
jammed. While the rescue workers took 75 minutes to open the lift
doors, she suffered another fit and collapsed. She died 20
minutes after the lift doors opened. Her mother said that her
daughter did not have a history of fits. police have classified
this case as an unnatural death, pending a post mortem report.




Received:  06-Jan-1993 03:57pm
Comments: Gated by NETNEWS@AUVM.AMERICAN.EDU