The Straits Times : Weekly Overseas Edition, 2 July 1988
1988-07-02
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The Straits Times : Weekly Overseas Edition
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Title Section21 1988-07-02 1 The Straits Times WEEKLY OVERSEAS EDITION SATURDAY, JULY 2, 1988 Price: 551. 20 (in Singapore) Elsewhere by subscription only MCI(P) 222/8/8721 words
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Article, Illustration706 1988-07-02 1 Parliament also told how he disguised himself with a wig for nights out with German woman THE Prime Minister this week laid bare the circumstances leading to Mr Devan Nair’s resignation from the presidency in 1985, including details of the “bizarre” behaviour706 words
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Article, Illustration934 1988-07-02 1 CHEONG YIP SENG; Pulau Langkawi - Signed: Note of understanding on water, gas supplies to Republic 3y CHEONG YIP SENG: Pulau Langkawi PRIME MINISTER Lee Kuan Yew regards the signing this week of the Singapore M a 1 a y s i a memorandum of understanding on water anti gas asPicture by YOW YUN WOH. - 934 words
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Article337 1988-07-02 1 KUALA LUMPUR A walkout by his counsel, Raja Aziz Addruse, on the opening day of the hearing, did not stop the Judicial Tribunal inquiring into the alleged misconduct of Malaysia’s Lord President, Justice Tun Salleh Abas, from continuing with the closed-door inquiry, which concluded on Thursday.337 words
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Article, Illustration70 1988-07-02 1 SINGAPORE Armed Forces Chief of the General Staff, Lt-Gen Winston Choo, gets a kiss from his wife Katherine after his elevation to the rank of a three-star general at a promotion ceremony on Thursday. The Republic’s No I soldier, who joined the70 words
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Page 1 Advertisements
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Advertisement55 1988-07-02 1 INSIDE HOME NEWS 3,200 now in $lO,OOO-plus-a-month class PAGE 7 Town Councils Bill passed PAGE 3 Toilets of shame spruced up PAGE 6 ACROSS THE CAUSEWAY/ ASEAN PAGES 9-11 COMMENT PAGES 12-15 TIMESDOLLAR Defunct Pan-El still owes s22om PAGE 17 F&N to raise slslm from rights issue PAGE 18 FORUM55 words
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Advertisement22 1988-07-02 1 T!=lr *Pl*3-1!s-m I 'rfo*. Awwvnn tAmy* Ci«*irW Jttfunr II Vir I/ Amf «=Cj ii<«« v r-yv i »:acGOGi st«;a Peace of mind.22 words
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PARLIAMENT
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PM’s statement in Parliament on the former President
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Article, Illustration1578 1988-07-02 2 ‘He was uninhibited with women he met... he outraged their modesty, fondled and molested them* On his behaviour towards women in Sarawak: f THE circumstances of Mr Devan Nair’s resignation are set out in the White Paper, Command No. 8 of 1988. It contains1,578 words
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84 1988-07-02 2 PUBLIC SECTOR DR TEO SENG HOCK, Associate Professor, Sr Consultant Psychiatrist, Medical Director, Woodbridge Hospital. PROF CHAN HENG LEONG, Professor of Medicine, University Department of Medieine, Singapore General Hospital. DR ONG THIEW CHAI, Consultant Psychiatrist, Woodbridge Hospital. PRIVATE SECTOR DR 4 A TAMBYAH,84 words
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Article, Illustration313 1988-07-02 3 TOWN councils should be “above politics” and therefore should not he run hv Members of Parliament. opposition MP Chiam See Tong said He felt that if MPs were in charge, Housing Board residents would not really learn to lie313 words
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1021 1988-07-02 3 LIAK TENG KIAT - Town councils a major contribution to democracy Chok Tong By LIAK TENG KIAT MR GOH Chok Tong has described the introduction of town councils as a major contribution to parliamentary democracy in Singapore. Spelling out the philosophy underpinning the concept, the First Deputy Prime Minister told Parliament that the long-dis-cussed1,021 words
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Article115 1988-07-02 3 THE Town Councils Hill was passed by Parliament on Wednesday, paving the way for a new local government experience in housing estates throughout Singapore. National Development Minister S. Dhanahalan closed the dehate hy answering MPs’ queries on a number of key issues and reiterating the twin purposes115 words
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181 1988-07-02 3 BADLY-run town councils will not he hailed out by the Government, Mr Dhanahalan told the House. This is because if the Government provides a safety net, it would only encourage more mismanagement. People must realise that they have to live with the consequences of181 words
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320 1988-07-02 3 MR DEV AN Nair has accused the Prime Minister of a “vicious onslaught” on his reputation and declared he would respond with a “white paper” of his own. He hoped to begin with a press conference in London next week, he said.320 words
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396 1988-07-02 3 THE former First Lady, Mrs C.V. Devan Nair, said on Wednesday night that her recollection of a conversation with the Prime Minister in March 1985 did not resemble what he reported to Parliament ear;lier in the day. “I do not recall396 words
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HOME
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620 1988-07-02 4 LEW ENG FEE; and TAN PIN PIN - Those going abroad should join non-graduating scheme, says varsity By LEW ENG FEE and TAN PIN PIN OV ERSE A S- BOUND students who also occupy university places here are depriving other hopefuls of a chance of tertiary education. Such students aim for620 words
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Article, Illustration634 1988-07-02 4 CONRAD RAJ - Members will enjoy status similar to that of British QC By CONRAD RAJ THE Government is planning to set up an Academy of Law and introduce a new classification of lawyers who will be known as Senior Counsel. It is proposed634 words
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Article129 1988-07-02 4 TRADE and Industry Minister Lee Helen Leeng did not go on an investment-seeking trip to the US because First Deputy Prime Minister Gob Chok Tong asked him to stay In Singapore to help deal with the Hendrickson affair, Parliament was told on Wednesday.129 words
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221 1988-07-02 4 LAW Minister E. W. Barker attended the opening of a flyover along Bukit Timah Road last week and ended up doubling as a historian. The history “lesson" came about because of the flyover’s name Wayang Satu Flyover which left younger Singaporeans wondering about its221 words
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Article, Illustration297 1988-07-02 4 FORMER Minister Lim Kim San will take over the helm of Singapore Press Holdings as executive chairman after current chief Lien Ying Chow steps down at the end of August. In an announcement, the SPH board said Mi- Lien.297 words
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305 1988-07-02 4 BUSINESSMAN Allan Ng last wek lost his court application for more details on the insider trading charge that he is facing. Dismissing his application, Senior District Judge E. C. Foenander said that although an accused had the right to be told clearly what case he305 words
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524 1988-07-02 5 MICHAEL LIM - The target: Women-dominated teaching and nursing services By MICHAEL LIM TOUGH but gentle eligible young men seek loving, considerate, charming young women as life partners. Apply to the Singapore Armed Forces Reservists’ Association. That, in short, is the latest and perhaps most demanding524 words
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307 1988-07-02 5 HSUNG BEE HWA - By HSUNG BEE HWA MPH Building, built in 1908 and now a familiar landmark in Stamford Road, is to be redeveloped into a four-storey building that will house the biggest bookstore in Singapore. But Jack Chia-MPH, which owns MPH Building, plans to keep307 words
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Article105 1988-07-02 5 FIRE razed more than ‘lO shops at the Gay World Amusement Park in Gey* lang last Saturday morning. The fire, aided by strong winds, threatened to go out of control at one stage, but quick action by firemen from Central, Geylang and Serangoon105 words
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Article, Illustration183 1988-07-02 5 plan to have the most modern bookstore in Singapore. It will have not only books, but will have a section selling computer hardware and software and a music section for records, cassette tapes and compact discs.” MPH Building was originally owned by the Methodist Church183 words
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Article137 1988-07-02 5 A PICNIC area, a hotel and an exclusive beach club will be developed on reclaimed land on the south-western coast of Sentosa, Home Affairs and Second Law Minister, Professor S. Jayakumar, told Parliament on Wedneday. He said the new facilities would be built after the completion137 words
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539 1988-07-02 5 SURESH NAIR - By SURESH NAIR A LARGE-SCALE operation is in full swing to crack down on the drug problem, which is feared to be on the rise again in Singapore. Anti-narcotics officers said the exercise, which began this month, is a fol-low-up to stringent measures taken539 words
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247 1988-07-02 5 Singapore. — By ONG MING SEING - Singapore. By ONG MING SEING. WASHINGTON Tiger Beer from Singapore has been judged the best beer in the world in a blind taste test here of some 70 sudsy brews from all corners of the globe. According to the July edition of The Washingtonian,247 words
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Article, Illustration471 1988-07-02 6 JANICE SEAH - By JANICE SEAH BRIGADIER-GENERAL (Res) Leo Hsien Loong whistled ;i tune Dr Yeo Ning Hong ate iguana and snake curry, nonya style. Like the more than 40,000 people who visited the Sembawang Air Base last Saturday for thePicture by K. E. SEETOII - 471 words
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133 1988-07-02 6 THE National Productivity Board has formed a task force to determine whether job-hopping is a serious problem in Singapore. (haired by Mr Lim Hong Keat, managing director of Metal Box Singapore, the 13-memher committee plans to analyse the factors behind a133 words
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510 1988-07-02 6 JULEEN GOH - By JULEEN GOH IN 10 days, the most nauseating of Singapore’s publit* loos have been flushed out by 256 complaints to The Straits Times Toilets of Shame hotline. And after two days of undercover work by environmental health officers, 29 people have510 words
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152 1988-07-02 6 TRAVELLERS rushing to catch their planes at Changi airport will soon be able to shop for duty-free goods from kiosks and trolleys near the boarding gates. This is one of the results of the new joint venture between Singapore Airport Duty-free Emporium (a wholly-owned152 words
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Article, Illustration152 1988-07-02 7 STUDENTS started the new' school term this week with a new-style Pledge of loyalty to the Republic. The Pledge was said on a resounding note with right fists clenched to their chests in a dramatic change from the old style of just152 words
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420 1988-07-02 7 THE Appeal Court this week reduced the twomonth sentence of former auditor James Tan Giap Hong to a S7,(MX) fine, which he paid. Tan had been sentenced in December last year for making a misleading auditor’s report on Orange Grove Property Pte Ltd,420 words
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Article, Illustration120 1988-07-02 7 THE former deputy chairman of the Singapore Broadcasting Corporation, Mr Cheng Tong Fatt (above), will succeed Mr Lee Khoon Choy as Singapore’s ambassador to Japan. He will take up the appointment next month. Mr Lee, 65, a former Senior Minister of120 words
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514 1988-07-02 7 TAN TECK HUAT - 3,200 now in the 10,000-plus a month class More Singaporeans reaching the top slots By TAN TECK HUAT THE number of people drawing five-figure monthly salaries doubled last year. There were over 3,200 people who earned $lO,OOO or more a month, including bonuses, last year, which was more than twice514 words
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Article141 1988-07-02 7 JUDICIAL Commissioner Chan Sek Keong has been appointed a judge of the Supreme Court. This appointment will bring to eight the number of judges of the Supreme Court. A statement from the Prime Minister’s Office said that Mr Chan, appointed to his present post for141 words
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128 1988-07-02 7 A NATIONAL University of Singapore undergraduate was charged in court with stealing two automated teller machine (ATM) cards from a fellow hostelite and withdrawing about $4,000. Lim Cheng Keat, 22, allegedly stole the POSB and DBS cards belonging to Mr Yap Boon and128 words
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376 1988-07-02 7 THE Far Eastern Economic Review has objected to Singapore’s bid to host the 1994 International Advertising Association (lAA) Congress, saying the Government’s gazetting of foreign publications had made the Republican inappropriate venue. FEER said the gazetting of Time, The Asian Wall376 words
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Article50 1988-07-02 7 A MAN was charged in court this week with vandalising a tree belonging to the Parks and Recreation Department. Toh Seng Hin. 56. was alleged to have damaged the tree with a knife at Cross Street last Friday. Toh's case will be mentioned again on July 18.50 words
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Article, Illustration638 1988-07-02 8 Formula will simplify procedures and do away with periodic reviews: Chok Tong PARLIAMENT on Tuesday passed a Rill containing a new formula for fixing election deposits, despite opposition Ml’ Chiam See Tong’s criticism of it as “unjustified, discriminatory and unfair”.638 words
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329 1988-07-02 8 NARENORA; AGGARWAL - 27 more Chinese babies in first four months of Dragon year By NARENORA AGGARWAL TIIF Dragon Year bahy boom has had a good start. If the births in the first four months of the year are any indication, 1988 is set to record329 words
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145 1988-07-02 8 SHANGRI-LA Hotel has been voted the second best hotel worldwide by readers of an international travel magazine. Moving up from the fourth position it occupied last year, the five-star hotel is commended in the Kxpotel Executive Travel survey for its "amenities, attentive145 words
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162 1988-07-02 8 STRAITS Steamship subsidiary Mansfield Travel and Tradewinds, a subsidiary of Singapore Airlines, are planning to set up a 50-50 joint venture to operate a 300-seater cruiser for tours around the harbour and the southern islands of Singapore. A statement from Mansfield said that the162 words
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341 1988-07-02 8 TWO Filipinas were charged this week with harbouring one of the gunmen allegedly involved in the Fook Mai Building shootout earlier this month. The court heard that Isidra Tomopiat, 25, and Shery 11 Abedon, 34, allegedly sheltered Remli Senallagam knowing that he was341 words
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Article111 1988-07-02 8 AP SEOUL Singapore Prime Minister Lee Kuan Yew will visit South Korea for four days from Tuesday at the invitation of President Roh Tae Woo, the presidential office announced this week. Officials said Mr Roh and Mr plan to discuss protectionism that both the newlyAP - 111 words
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58 1988-07-02 8 HIRING illegal foreign workers can bo costly as eight employers found out tis week. They were fined a total of $17,800 by the court for employing workers from Malaysia, Philippines and India without work permits. San Li Engineering Company paid the heaviest fine of58 words
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188 1988-07-02 8 THE Public Utilities Board expects to spend $5.2 billion over the next 10 years to expand and upgrade the power system to meet increasing electricity demand and higher consumer expectations, said Brigadier-General (Res) Lee Hsien Loong, Minister for Trade and Industry. At188 words
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across the CAUSEWAY
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782 1988-07-02 9 ISMAIL KASSIM; Kuala Lumpur - Meeting of the two Prime Ministers By ISMAIL KASSIM: Kuala Lumpur PRIME MINISTER Lee Kuan Yew and his Malaysian counterpart, Datuk Seri Dr Mahathir Mohamad, both expressed satisfaction at the results of their two-day talks which will pave the way for increased cooperation782 words
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549 1988-07-02 9 BERTHA HENSON - By BERTHA HENSON PULAU LANGKAWI (Kedah) Singapore Prime Minister I«ee Kuan Yew had a quick look at this Land af Many Legends on Tuesday, accompanied by his host, Datuk Seri Dr Mahathir Mohamad. In the morning the two prime ministers had549 words
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Article, Illustration423 1988-07-02 9 JOHOR BARU Johor will continue to lay strong emphasis on co-operation in economic and other fields with Singapore, Mentri Besar Muhyiddin Yassin told the State Assembly. He said Johor was devising a growth strategy for the state that involved economic twinning with423 words
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437 1988-07-02 10 KUALA LUMPUR NST. THE Employees’ Provident Fund has traced 55 cases of fraudulent withdrawal of contributions under the pretext of buying houses in a housing scheme in Bukit Mertajam. Deputy Finance Minister Loke Yuen Yow told the Dewan Rakyat the cases involved MNST. - 437 words
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340 1988-07-02 10 NST KUALA LUMPUR A government panel has cleared a Japanese television crew accused of trying to depict the Muruts of Sabah in a derogatory manner. Rather, the Fuji Television Network’s documentary showed only the best of the Muruts inNST - 340 words
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Article, Illustration183 1988-07-02 10 Bernama. KUANTAN The Tengku Ampuan of Pahang, consort of the Sultan of Pahang, died on Wednesday. a spokesman of the Ist ana Abu Bakar office in Pekan announced. She was 55. She leaves two sons and five daughters. She had since January undergone medicalBernama. - 183 words
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325 1988-07-02 10 KUALA TRENGGANU Bernama. PRIME Minister Datuk Seri Dr Mahathir Mohamad has said there was no clear proof that the deregistered Umno had 1.4 million members. It was likely that its membership had been less than this, he said, because there were divisionsBernama. - 325 words
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Article111 1988-07-02 10 AP. KU ALA LI MIM R Malaysia anil Japan have signed an agreement whereby the Japanese government will lend Malaysia 42 billion yen (about SSSIfi million) as part of its official development assistance (OITA) programme. The loan carries a 4 per cent interest andAP. - 111 words
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Article, Illustration351 1988-07-02 10 NST JOHOR BARU Inspec-tor-General of Police Tan Sn Haniff Omar has denied rumours that he was being forced to retire prematurely. “There is no truth to rumours that I am retiring or being forced to resign. “No pressure is beingNST - 351 words
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Article232 1988-07-02 10 NST. IPOH The MCA is confident of raising Ms3s million (5527.3 million) by the end of this year to help save its party headquarters from being seized by banks. The MCA deputy secre-tary-general, Dr Ting Chew IPeh, said that a life membershiD campaign would– NST. - 232 words
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across the CAUSEWAY/ ASEAN
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258 1988-07-02 11 NST. IPOH Magistrates and Sessions Court judges have been told to start using Malay in all their eases in court. A circular signed by Thief Justice of Malaya Tan Sri Abdul Hamid Omar said magistrates and judges should he ready for the– NST. - 258 words
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222 1988-07-02 11 NST KUAI.A LUMPUR Malaysia has stationed troops on the Spratly Islands over the past five years to protect three atolls it considers economically and strategically important. Deputy Foreign Minister Datuk Dr Abdullah Fadzil Che Wan, replying to a question in theNST - 222 words
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Article, Illustration580 1988-07-02 11 TAN LIAN CHOO; YANG RAZALI KASSIM - Call for Viet pullout and setting up of 4-party provisional govt By TAN LIAN CHOO in Bangkok and YANG RAZALI KASSIM in Jakarta BANGKOK The Coalition Government of Democratic Kampuchea (CGDK) headed by Prince Norodom Sihanouk has jointly agreed on a common stand for580 words
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119 1988-07-02 11 Reuter MANILA Tie a yellow ribbon ’round the old oak tree... Tie it anywhere, in fact, except on Mrs Corazon Aquino. The Philippine President has had enough of the colour that was the symbol of her rise to power. "I have grown tired ofReuter - 119 words
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79 1988-07-02 11 Reuter MANILA Defence officials are seeking the participation of Philippine churches to help put down a 19-year-old communist insurgency, a government spokesman said. The Department of National Defence had forged an alliance with six church organisations in a bid to improve relations betweenReuter - 79 words
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384 1988-07-02 11 bio” – VANG KAZAN KASSIM - bio” VANG KAZAN KASSIM. JAKARTA Indonesia’s reform-minded ministers have taken a further step in their fight to clean up the government apparatus with an unusual crash course on corruption control for senior officials. Senior government officials from all ministries and state-owned enterprises384 words
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135 1988-07-02 11 – YANG RAZAI.I KASSIM - YANG RAZAI.I KASSIM. JAKARTA Defence and Security Minister General Benny Murdani has said there is no communist infiltration of the government and the armed forces. “Ue have built our system such that it cannot he penetrated... There is no such thing135 words
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Article210 1988-07-02 11 tories. — Bv TAN MAN CHOO - tories. Bv TAN MAN CHOO. BANGKOK In a bid to curb spreading labour unrest, Prime Minister Prem Tinsulanonda has ordered police to get tough with striking state employees. A spokesman for the Interior Ministry said on Monday Gen Prem ordered police director-general Pow Sarasin to210 words
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COMMENT/ Pick of the week’s editorials
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Article582 1988-07-02 12 JULY 1988 THE much-discussed some would say exhaustively so town council proposal received parliamentary approval on Wednesday. It promises to transform Singapore's political landscape by introducing the concept of local government, which is largely unknown to Singaporeans below the age of 40. For, apart from a brief (teriod582 words
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Article666 1988-07-02 12 JULY 1, 1988 LAST Tuesday’s signing of the Singapore-Ma-laysia memorandum of understanding on water and gas is a high point in the two countries' relations. It marks the steady improvement in bilateral ties since the visit of Israeli President Chaim Herzog to Singapore in 1986.666 words
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Article643 1988-07-02 12 JUNE 30. 1988 THE Philippines and the United States are playing a dangerous game of brinkmanship. Each side wants to impress the other that it can do without a new agreement for the US bases to remain in the Philippines beyond 1991 Each side obviously thinks that643 words
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487 1988-07-02 12 DURIANPOWER DURIANPOWER is perceptibly on the* move. A new phenomenon that. Over recent weekends, it has enticed organised droves of durian-lovers here to head north by bus for durian feasts at plantations in Johor. Latest to jump on this prickly bandwagon is Singapore’s487 words
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Article222 1988-07-02 12 “Our self-centredness is already showing in many ways. We have to run campaigns urging people to be courteous, to not urinate in lifts, not to dirty the toilets. We have to impose fines for littering, killer litter, spitting... People say it is a good sign that so many222 words
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COMMENT/ Perspective
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Article, Illustration1806 1988-07-02 13 ISMAIL KASSIM - Razaleigh seems to be getting more support from grassroots By ISMAIL KASSIM of the Foreign Desk WHEN Umno the leader of the ruling National Front coalition was declared unlawful by the High Court on Feb 4, the fallout was expected to1,806 words
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1526 1988-07-02 14 DONELLA MEADOWS - By DONELLA MEADOWS SINGAPORE does not intend to bo a place that makes you think. It would rather make you spend. From its splendid airport shops to its glittering downtown skyscraper-malls, it offers the name brands of the world. Its restaurants1,526 words
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Article, Illustration636 1988-07-02 14 Mention Malay movies, and P. Ramlee will come to mind. A. KADIR PANDI profiles the actor-extraordinaire who died 15 years ago. After 15 years, search continues for top Malay film star’s successor IT HAS been 15 years since P. Ramlee, the famous multi-talented636 words
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Article, Illustration1602 1988-07-02 15 ISMAIL KASSIM - By ISMAIL KASSIM KUALA LUMPUR The inquiry into allegations of misconduct against the suspended Lord President, Tun Mohamed Salleh Abas, before a sixmember tribunal, which began behind closed doors this week, has raised issues which go beyond1,602 words
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Article, Illustration599 1988-07-02 15 ISMAIL KASSIM - ISMAIL KASSIM. "My future is tied up with the fate of this country. I come from an unknown family and I have ivarhed the top of my profession. "I have no desitv to leave until I have tva<hed the age of 65 years, like599 words
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Page 13 Miscellaneous
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Miscellaneous15 1988-07-02 13 (?ll%'s lift I 7,* i t W' I I. I •V ft V/V-*-» ■r TT^tT15 words
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TIME$
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Article3322 1988-07-02 16 Friday, July 1, 1988 1988 last Yield Vol Day High low Company Sale Chan;e (000) Hith low SECTION ONE INDUSTRIALS COMMERCIAL 139 95 Acme ADEF A 132xd 3 07 83 139 130 1005 1005 ADEF B 1005 72 42 Ateom 70 •2 2 703,322 words
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175 1988-07-02 16 Weekly sharemarket report SENTIMENT on the Singapore stock market continued to be strong despite a minor drop in the ST Industrial Index on the first trading day of the week, and the market ended the week on a bullish175 words
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282 1988-07-02 16 ROTATIONAL interest in blue c hips and quality stocks picked up in the Singapore stock market yesterday, pushing The Straits Industrial Index up 12.17 points to close at yet another new post-crash high of 1,105.41. The Business Times Composite Index282 words
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132 1988-07-02 16 IN Kuala Lumpur, a dearth of fresh factors caused share prices on the stock market to close mixed to easier yesterday as light bargain-hunt-ing alternated with profittaking. A broker noted that low-er-liners, which were actively pursued in the past week, bore the brunt132 words
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Article53 1988-07-02 16 HONGKONG stocks closed firmer yesterday, supported by moderate speculative buying, but the market lacked clear direction due to the absence of fresh factors. The Hang Seng Index rose 13.15 points to 2,fi84.64 and the broader-based Hongkong Index 9.79 points to 1,776.42. Turnover eased to HK5912.79 million from53 words
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Article, Illustration463 1988-07-02 17 Catherine C. Ong - Only sl7m left after secured creditors are paid By Catherine C. Ong THE defunct Pan-Electric Industries has paid off all its secured creditors but has only a pittance left to distribute to others still owed more than $2OO million. The latest report to creditor banks463 words
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Article105 1988-07-02 17 Rubber (per kilo) S’pore Malaysia (rents) (sen) June 27 269.00 367.50 June 26 273.00 369.00 June 29 271.00 367.00 June 30 265.00 363.50 July 1 265.00 363.00 Palm oil (tonne) Month Price last Trade Sales luly l?30 1 ?4S 1735 78 Au« *****744 1740 111 Sept *****748 1745105 words
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Article373 1988-07-02 17 M 1 HKJ Chinte Assoc Inti Hotel» 3 025 -0 025 Bank Of Eo»t Ano 1780 02 Capital Corp 1 00 008 Cathay Pacific Air 860 005 Cheung Kong China Light 780 unch 1790 0 1 City Resources 1 I8N Cross Harb Tunnel 17 70 -02 Dao Heng 1373 words
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145 1988-07-02 17 CEREBOS Pacific Ltd is making an offer for the remaining 5.411 million shares in New Zealandbased food company Cerebos Gregg's Ltd at NZ$2.5O (553.47) a share or a total of NZ$l3.5 million. The Singapore-listed group said on Monday it had informed the New145 words
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Article273 1988-07-02 17 Interbank Over the counter Foreign local dollars to Foreign currency currency one unit of foreign currency to SJ10 Australian dollar 1 6090 -1 6119 6 31-6 09 Canadian dollar 1 6763 1 6799 5 97-5 88 NZ dollar 1 38?7—1 3864 7 35- 7 1 1273 words
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228 1988-07-02 17 MBT. KUALA LUMPUR IGB Corp has forecast a group pre-tax profit after minority interest of Ms2B million (5521.9 million) or 11.62 sen a share for the year ending Dec 31. The forecast, which exceeds last year’s profit of M 517.46 million or 10.9 sen– MBT. - 228 words
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Article316 1988-07-02 17 Managers' prices for i July 2 4 Singapore Unit Trust The Commerce 10? 109«d The S«mgs fund 0 8/’ 0 9.1 1 Sport* hog fund 0 4? 0 4b Spore Sot fund 0 70 0 79 j S port* Ineest fund 0 70>d 0 79id 1 Sport* (guild316 words
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592 1988-07-02 18 HSUNG BEE HWA - Company posts s66m pre-tax profit at half-time By HSUNG BEE HWA SOFT-DRINKS maker Fraser Neave Ltd is to raise $151.2 million through a 2-for-5 rights issue at $3 a share The local food and beverage giant last week revealed details of its592 words
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403 1988-07-02 18 BEER and stout maker Malayan Breweries Ltd is looking forward to better results for the whole year after having made a 19.1 per cent higher pre-tax profit at $49.4 million for the six months to end March. The company, part of403 words
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Article164 1988-07-02 18 Week ended June 24 Final results Company Gross Group net Year to dividend protit/loss (’000) Asiatic Dev Gentmgs 5(5) MJ12.391 ($6,796) Dec 87 George Kent 22 5(21 5) MJ8U 894(591.188) Dec 87 Kian too 8(8) MJ957 ($1.393) tan 88 Kuchai 8(8) MJ3.142($1,599) Dec 87 Sing Inv164 words
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274 1988-07-02 18 million term loan. — R. RAJKNDRAN - million term loan. R. RAJKNDRAN. THE owners of the three Marina Square hotels have obtained a $360-million 10year loan package to refinance their existing loans. Proceeds from the note issuance and term loan facilities arranged and lead managed by the United Overseas Bank group274 words
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163 1988-07-02 18 TIN-MININti and property leasing company Selangor Dredging Berhad has reduced Its pretax loss by 53 per cent to M 52.87 million (552.25 million) for the year ended March 31 on the back of a 12 per cent rise in turnover to M 512.76 million.163 words
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655 1988-07-02 18 AGNES WEE - By AGNES WEE THIS is a good time for investors to buy hotels, say property consultants and stock analysts. Industry watchers feel that with healthy tourist arrival projections and limited supply of new rooms coming onto the market, investors would be wise655 words
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Article241 1988-07-02 18 MBT. KUALA LUMPUR Malaysia Airlines has continued its good earnings record with a 34.5 per cent improvement in group operating pre-tax profit to M 5154.43 million (*****.22 million) for the year ended March 31. This was achieved on the back of a turnover of M 51.58– MBT. - 241 words
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614 1988-07-02 19 DOREEN SIOW - But tougher competition may mean smaller profits By DOREEN SIOW RETAILERS ex|>ect Singaporeans and tourists to continue on their spending hinge in the next six months, like that seem in the first half. But while the major stores like Metro, Robinson's, Daimaru and Tangs614 words
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208 1988-07-02 19 ECONOMIC growth in the second quarter is expected to be slightly lower than the first quarter's 10.9 per cent growth, but Singapore is still on course to reach its revised projected growth of 6 to 7 per cent this year. Speaking to the208 words
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459 1988-07-02 19 SHARON LAU - Banks ordered to reveal their accounts By SHARON LAU THE Commercial Affairs Department of the Ministry of Finance is investigating several officers, including a vice-president, of the local offshore branch of Arab Banking Corporation. The CAD, using powers given to it under the Criminal459 words
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170 1988-07-02 19 CYCLE Carriage, distributor of the MercedesBenz motor vehicles, has entered into an agreement to sell its vacant industrial land at Bukit Timah for $23.5 million. In a statement, C&C said the sale is conditional upon the buyer gaining approval for a development on170 words
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Article933 1988-07-02 19 Current Ei Book» Date Total tor Total lor payment date dote payable the year laat year ABN 13/4% May 3 NYA NYA 27% 27% A Enterprises 6% (hi Jun 3 Jun 17 Jul 4 10% 5% Asiatic Dev 3%, May 19 Jun 3 Jul 1 5% 5% Avimo933 words
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288 1988-07-02 19 UNITED STATES Embassy officials are generally bullish about Singapore's economic performance this year, forecasting a real growth rate of 8 per cent. In its annual Economic Trends Report, the embassy here said the Singapore Government’s latest forecast of 6 to 7 per cent288 words
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FORUM
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265 1988-07-02 20 I WOULD like to respond to Professor D.H. Meadows' impressions on Singapore in the article "Singapore realises the American dream, but at a price”. (ST. June 18). Prof Meadows outlined the progress that the country has made in 25 years. For265 words
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309 1988-07-02 20 What tourists want to see WE would like to thank your writer "L.K.L." for his views (ST, June 23) on the "Singapore Live" promotion staged at the Covent Garden in London from May 11 to 16. We understand his desire for the Singapore309 words
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175 1988-07-02 20 WHILE accepting the fact that advertisements are an integral part of business and the economy, I am indeed saddened that media owners in their quest to maximise their revenue have become generally unreasonable to the masses. I went to the cinema175 words
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247 1988-07-02 20 THE chairman of the Committee on Heritage echoed the thoughts of most Singaporeans when he stated (ST, June 18) that "heritage makes us who we are now and it determines what we will become, so we cannot let it be247 words
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Article203 1988-07-02 20 I WOULD like to refer to comments by "L.K.L.” on the recent promotion of Singapore in London. (ST, June 23). I saw the "Singapore Live" presentation and found it a novel idea, full of colour, vibrant and exciting. It had an impact, a definitely positive one, on203 words
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Page 20 Advertisements
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Advertisement229 1988-07-02 20 77k S| niit-.Timt web •ssstsJfieeMiKtm^» Now, keeping in touch with what’s happening in Singapore couldn’t be easier. Or more economical. Because all the major news of every week is condensed into one paper. The Straits Times Weekly Overseas Edition. Printed on lightweight paper in convenient tabloid size, it fills you229 words
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Advertisement92 1988-07-02 20 Dear Overseas Readers The Straits Timas Weakly Ovarsaas Edition walcomas letters from you. Your letters must include your signature, full name and address. They should preferably be typed, doubledspaced, on one side of the paper. You may add a pseudonym if you wish, but we would prefer your using your92 words
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Page 21 Advertisements
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Advertisement291 1988-07-02 21 APPOINTMENTS DESIGN ENGINEERS WE'RE BUILDING A WINNING TEAM We ane looking for brilliant Engineering minds to meet the challenges and maintain our position in the forefront of Engineering Excellence. If you are creative, confident of your abilities and Quality engineering is your top priority we have excellent opportunities for you:291 words
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Advertisement752 1988-07-02 21 I CREATIVE ANAimOL, ...IF THAT'S YOl. YOCRH WANTKI) BY THH ('RHATIYE NAMK IN OFFICE AUTOMATION PRODUCTS OLIVETTI FINANCIAL ANALYST YOC VE GOT TO BE A GRADUATE IN ACCOUNTANCY OR BUSINESS ADMINISTRATION KITH AT LEAST 3 YEARS WORKING EXPERIENCE PREFERABLY IN A MANUFAITURING ENVIRONMENT. DESIRED WORKING EXPERIENCE SHOULD ENCOMPASS THE FINANCIAL752 words
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Page 22 Advertisements
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Advertisement1064 1988-07-02 22 Applications are invited from suitably qualified candidates for the following positions SUPPLY EXECUTIVE We are looking for a Supply Executive to fill a challenging position in our Supply Commercial Department The candidate, in his 20s, should be an honours graduate preferably in Chemical Engineering, Chemistry or equivalent from a recognised1,064 words
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TIMESPORT
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Article, Illustration612 1988-07-02 23 JOE DORAI - Singapore open Malaysia Cup campaign with a bang By JOE DORAI K. KANNAN marked his return to Singapore for the Malaysia Cup soccer tournament with two fine goals in the Republic’s 3-0 win over Malaysian Armed Forces at the National Stadium last night. The612 words
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Article, Illustration498 1988-07-02 23 Sellers Jr is offered mount on 1987 Horse of the Year Elcarim GOLD CUP SUNDAY AT BUKIT TIMAH TRAINER Ivan Allan, who has six horses in the $400,000 Singapore Gold Cup line-up, has nominated star Australian jockey Brent Thomson to ride498 words
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Article, Illustration441 1988-07-02 23 PETER KHOO - By PETER KHOO THERE is some good news for Malacca, last season's Malaysia Cup wooden spoonists. Soh Chin Aun (the “Towkay"), their famous footballing son, is returning after a two-year layoff to play a captain's role after much speculation. MFA officials441 words
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568 1988-07-02 24 MATHEW YAP - By MATHEW YAP THE role of the soldier as a diplomat was underlined by First Deputy Prime Minister Goh Chok Tong at an Armed Forces promotion ceremony on Thursday which also saw Singapore getting its first three-star general LtGeneral Winston Choo. Mr Goh, who is568 words
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Page 24 Advertisements
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Advertisement6 1988-07-02 24 Nikon Thĕ World Finott Photographic Systom6 words
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Page 24 Miscellaneous
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Miscellaneous50 1988-07-02 24 SUN TAN By Collette if vb« fi/DN'rflrf/M D AM A SCOA.Ci 0F <s A£*T MIWToME Don't kmow wmt TO&0A8OWT YbUy©« fab selfish, INC oWPETfNT AND UNRELIABLE y ANYTH! MS 7t> WO/Wy abomt.yom would, .PwroN weic\nr.y weii Vo u SHOULD COHSIDE* YOU*’ SELF LUCK/■■■ 2 2 <a3 11 8» o «*K«50 words
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