The Straits Times : Weekly Overseas Edition, 23 July 1988
1988-07-23
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The Straits Times : Weekly Overseas Edition
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Title Section20 1988-07-23 1 The Straits Times WEEKLY OVERSEAS EDITION SATURDAY, JULY 23, 1988 Price: 551.20 (in Singapore) Elsewhere by subscription only MUI(P) 222/8/8720 words
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385 1988-07-23 1 Kl ALA L( M I*l R Singapore and Malaysia would find themselves in deep trouble if either tried to oeeupy the other, Trade and Industry Minister and Seeond Minister for Defence (Services) Ix*e Hslen lining said on Thursday night. In385 words
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Article, Illustration1109 1988-07-23 1 BERTHA HENSON - ay BERTHA HENSON KUALA LUMPUR Trade and Industry Minister Lee Hsien Loong this week reaffirmed the need for strong and lasting tics between Malaysia and Singapore, two neighbours whose destinies are closely intertwined. Occasional hiccups in relations should be treated as “differences1,109 words
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Article, Illustration114 1988-07-23 1 THE Yang di-Pertuan Agong will pay a three-day visit to Singapore from Tuesday, it was officially announced In Kuala Lumpur. It will be the first state visit by a Malaysian King since Singapore was ousted from Malaysia In 1965. Diplomatic sources in114 words
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Article106 1988-07-23 1 KUALA LUMPUR Trade and Industry Minister Lee Hsien Loung told a questioner at the Q-and-A session after his speech that First Deputy Prime Minister Goh Chok Tong will be Singapore’s next Prime Minister and declared this “stale news”. “We settled this after the last106 words
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516 1988-07-23 1 MR LEE KUAN YEW may bo elected to the new post of Executive President before the years ends, the Senior Minister in the Prime Minister’s Office. Mr S. Rajaratnam, said yesterday. Parliament will probably amend the Constitution this year to516 words
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92 1988-07-23 1 KI’AI.A LUMPUR: The Supreme Court yesterday cleared the way for the Tun Salleh affair Judicial Tribunal to submit its findings on the charges against the suspended President to the Yang di-Pertuan Agong. In an unanimous decision, the five-man Bench allowed the92 words
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Advertisement85 1988-07-23 1 ■sM?]hiu(j sil srcj (licjsucXjmd jy u LOOTb SSLf \v* O'**, 9 .Li \M .rr-rTVS-Trcrr»-v.^ Y* at) HOME NEWS Seow to contest polls PAGE 2 Civil servants to have pay cuts restored PAGE 4 Hotel cleaner who returned 520.000 she found in lobby PAGE 5 Hotelier's 30year wait to be a85 words
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HOME
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Article, Illustration813 1988-07-23 2 K«*uUt. LAWYER Francis Scow, a key figure in the Hendrickson affair, was released last Saturday 72 days after he was first arrested by the Internal Security Department on May 6. But two other' detainees, lecturer Chng Suan Tze and businessman— K«*uUt. - 813 words
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Article, Illustration414 1988-07-23 2 ZURAIDAH IBRAHIM - By ZURAIDAH IBRAHIM NOT your typical lunch fare this, In fact, it is a whole lot of croc. Thinly sliced, stewed in thick soya sauce and topped with onions and ginger, crocodile meat a la chao guotiao has been drawing tourists414 words
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Article, Illustration188 1988-07-23 3 BATTLES are not always fought in the open fields or in the thick of jungles. They can be right at the doorstep of homes. Or on the corridors and staircases that jteople walk up everyday. The three Singapore Armed Forces servicemen in the188 words
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138 1988-07-23 3 SINGAPORE Democratic Party secretary-general Chiam See Tong appeared in court last week on a summons charge of publishing a newspaper without a permit. It was alleged that Chiam, 53, who is MP for Potong Pasir, published the party newspaper, Demokrat138 words
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474 1988-07-23 3 MAYLEE CHIA - Mammoth gatherings with 10,000-or-more participants expected By MAYLEE CHIA SINGAPORE will be swamped when the era of the mega-convention arrives. Crowds never before seen in the Republic’s convention history will converge on the island over the next three years. These mammoth conventions are474 words
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Article87 1988-07-23 3 A MAN was charged last Saturday with phoning a police corporal to say that he had planted a bomb at Shaw Towers in Beach Road. Ang Teik boon, 24, a Malaysian, allegedly told Woman Corporal Foo Mui Fong at 4 pm on Friday last87 words
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Article158 1988-07-23 3 TOURIST arrivals here continue to climb, leading to a high occupancy rate in hotels. The latest figures released by the Singapore Tourist Promotion Board show an increase of 9.3 per cent to 318,454 arrivals in May as compared with last year. This brings the158 words
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213 1988-07-23 3 THE 30,000 Filipina maids in Singapore send home an estimated $3 million to $4.5 million every month A check with 20 Filipina maids here showed that, on average, each sends back about $lOO to $l5O a month. The salary of a213 words
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417 1988-07-23 4 Payment of extra bonus likely too ABOUT 140.(MX) civil servants and statutory board employees will get a full restoration of the pay cuts made last year in their 1984 National Wages Council (NWC) pay rise. The pay cuts 30 per417 words
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278 1988-07-23 4 BRENDAN PEREIRA - By BRENDAN PEREIRA DIM lights, piped music and cubicles with beds for a massage hardly the ideal setting for a good haircut. Yet many hair-dressing salons have created such an atmosphere, and are employing attractive women barbers to entice the men.278 words
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189 1988-07-23 4 A BAR waitress is believed to have fallen five storeys from a block of flats, picked herself up, walked home for a bath, then collapsed and died. The circumstances surrounding the death this week of Miss Tan Siew Lian,189 words
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Article, Illustration248 1988-07-23 4 ALAN HUBBARD - By ALAN HUBBARD: Europe Editor LONDON A Singaporean student has won an award in the United States for work on a project that could wind up in the design of a new Boeing aircraft. Mr Tan Ming Jen, 27, a final-year I’hl)• Jen with his plaque. Picture by JONATHAN TAYLOR. - 248 words
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205 1988-07-23 4 SIX Chinese nationals, including two women, wept in court when they were sentenced to two years’ jail each for deceiving immigration officials at Changi Airport with tampered passports. Lin Da Sheng, 41, Zhang Ming Sheng, 27, Zhang Ming Mao, 24, Zheng Zheng Ding,205 words
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Article22 1988-07-23 4 ONTARIO’S Minister of Industry, Trade and Technology, Mr Monte Kwinter, will be in Singapore on a threeday visit starting Monday.22 words
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460 1988-07-23 4 ELAINE KOH - Action by 3 former club directors fails By ELAINE KOH in Business Times SIX PRESENT and former partners of law firm Shook Lin Bok, including a High Court judge and a Judicial Commissioner, have succeeded in having a $3l million negligence suitin Business Times - 460 words
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Article160 1988-07-23 4 Business Times. SHOOK LIN BOK partners faced with the $3l million suit have taken legal action against their insurers, the Insurance Corporation of Singapore. BT understands that when the partners were faced with the suit in April last year, they informed ICS. The insurance company saidBusiness Times. - 160 words
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Article, Illustration332 1988-07-23 5 25pc drop in 15-29 year-olds likely THE number of Singaporeans in the 15-29 age group will fall sharply by the turn of the century, and this is exacted to hit the hiring of clerks and production workers hardest. According to Dr PaulSourer Moutry of Labour Annual Labour Fore* Survey, 1 see - 332 words
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134 1988-07-23 5 LOWER food prices resulted in the Consumer Price Index falling by a marginal 0.1 per cent last month over that of May. Rut compared to June last year, it was 1.4 per cent higher. For the first half of this year, the CPI134 words
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210 1988-07-23 5 APPLY now, marry later is fine, says the Housing Board. Going by recent queries, many couples seem to have forgotten that they can apply for a flat first before tying the knot, said an HDB official. What the couple must210 words
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Article, Illustration275 1988-07-23 5 ONE worker received the Most Outstanding award and eight received Special Mention at SHA’s annual honesty awards presentation at Restaurant Shatec (Singapore Hotel Association Training and Education Centre) last week. In all, they found and returned more than $150,000 in cash and thousands of275 words
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171 1988-07-23 5 SUBWAY commuters with their noses buried in books or magazines are one sign of a nation of readers. But not many mass rapid transit riders here do that, observed the Minister of State for Education, Dr Tay Eng Soon, at the first171 words
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377 1988-07-23 5 LILY FERNANDEZ - By LILY FERNANDEZ in Business Times THE Singapore National Employers Federation (SNEF) and the National Trades Union Congress (NTUC) appear to be on a collision course on the question of wage increases. Addressing about 40 Canadian Business Association members at a377 words
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159 1988-07-23 5 INDONESIAN women can continue to come here as maids. The Indonesian Ministry of Manpower told The Straits Times that its minister, Mr Cosmas Batubara, was not referring to Singapore when he said his government was against its citizens working abroad as domestic159 words
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98 1988-07-23 5 SINGAPORE Airlines will ban smoking on all its flights between Singapore and Kuala Lumpur from Aug 1. The "no-smoking” decision by SIA comes as n result of a successful trial period which began on April 4. In the two-month trial period,98 words
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714 1988-07-23 6 GERRY DE SILVA - By GERRY DE SILVA REDUNDANT government servants w ho cannot lie redeployed elsewhere are being offered generous benefits if they resign from the service. This special option to resign the first such mass offer by the Government represents714 words
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137 1988-07-23 6 SINGAPORE'S largest civil service trade union is unhappy with the provisions of the Special Resignation Scheme set up to give benefits to redundant government officers who cannot be redeployed elsewhere. Mr Randasamy, general secretary of the Amalgamated Union of Public Employees, which represents137 words
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Article396 1988-07-23 6 SHAUN SEOW - By SHAUN SEOW F"ANCY eating rhao guo tiao in a Moscow restaurant jointly owned by Singaporeans and Russians 0 Or- savouring Soviet-made instant noodles with curry flavour 0 These may soon become realities in the wake of high-level talks between the Republic and the Soviet396 words
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454 1988-07-23 6 DOREEN SIOW - By DOREEN SIOW THE Big Sfwnders in Singapore charge more than $1 million a year each on their Gold credit cards and there are at least two dozen of them around. Credit card companies are understandably mum about who these people454 words
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298 1988-07-23 6 SINGAPORE-MADE leather sofa sets are a hit with the Japanese because, unlike European-made ones, they fit easily into small Japanese homes. In one of the three Trade Development Hoard (TDB) trade missions to Japan last month, orders secured and negotiated by 11 furniture298 words
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Article36 1988-07-23 6 THE body of a Thai worker was found in a stream off Island Club Road on Monday. The man, believed to be in his late 30s, died of head injuries, police said.36 words
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Article, Illustration500 1988-07-23 7 LIM YEEN FONG - Post-graduate R and D enrolment to be doubled to 300 students By LIM YEEN FONG THK National University of Singapore’s Engineering Faculty hopes to double its postgraduate enrolment in research and development to .UK) students by 1990. And as part of the effort to500 words
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607 1988-07-23 7 TOKYO PRIME Minister Lee Kuan Yew has said he does not expect a big exodus of Hongkong residents emigrating to Singapore before 1997, when the colony reverts to China. “I don’t think that is good either for Hongkong or for607 words
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312 1988-07-23 7 A MALAY language and cultural month will be held once every two years to promote the correct usage of Malay and help younger members of the community preserve their cultural values. This was disclosed by Mr Sidek Saniff, chairman of the312 words
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192 1988-07-23 7 MAJLIS PUSAT, the largest Malay grassroots body in Singapore, will step up efforts to encourage Malays to serve the community centres run by the People’s Association. This was disclosed by its president, Mr Zulkifli Mohammed, who is also Political Secretary,192 words
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98 1988-07-23 7 Singapore mouse wins third place A SINGAPORE "mouse” came in third In an international competition, sharing top honours with "mice” from America and Britain. Three third-year electrical engineering students from the National University of Singapore have won the third prize in the International Micromouse Competition held in London recently. The98 words
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Article, Illustration456 1988-07-23 8 BRIDGET TAN - $1.4 million pay-off to quit $450-a-month hotel By BRIDGET TAN in MtMNDeast HOTEL Morningside operator Han Pai Yuan will soon join the millionaire class after patiently playing a waiting game for 30 years. The operator of the rented budget pre-war hotel (rental $450456 words
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169 1988-07-23 8 A BAIIY BOA horn two weeks ago is being treated for ehleken pox, which doctors say is rare among new-born infants. The symptoms appeared 111 days after his birth. The boy is one of 2.5 M people in Singapore who have caught chicken pox169 words
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483 1988-07-23 8 TAN TECK HUAT - By TAN TECK HUAT WOULD you work for a company in Tuas? "No! It’s so ulu." How about one which has a five-and-a half-day work week? "No way!” These responses from Miss Choo Mei Yan, a secretary in an executive search firm,483 words
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226 1988-07-23 8 MR RIDZWAN DZAFIR, an experienced administrator, has succeeded Dr Ahmad Mattar as chairman of the new executive committee of Mendaki, the foundation for the education of Muslim children. He was elected by members of the Mendaki council at a meeting on Wednesday. The move226 words
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Article46 1988-07-23 8 THE case against the former executive director of Dah Yung Investment, David Cheng Heng Soon, for alleged cheating and criminal breach of trust, will be heard over a month, from Jan 9 next year. Cheng, 34, faces charges involving nearly $lO million.46 words
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Article, Illustration471 1988-07-23 8 SHARON SIMON - By SHARON SIMON TEN days of fun and mer-ry-making to be enjoyed by a million people that’s the aim of organisers behind this year’s National Day Carnival. Between the time the carnival opens on Aug 5 and the final curtain on Aug471 words
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211 1988-07-23 8 AN ESTRANGED couple who had been engaged in a protracted and bitter legal tussle over property worth more than $1 million came to the final parting of their ways in the High Court on Thursday. Madam Foo Stie Wah, 58, who operates211 words
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across the CAUSEWAY
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202 1988-07-23 9 KUALA LUMPUR The Education Ministry has prepared a questionnaire seeking personal details from teachers, including marital status, attitude towards life, sleeping pattern and mental health. According to The Star, the 74 questions on the list include:202 words
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351 1988-07-23 9 No need to call it New Umno, says Mahathir BANGI (Selangor) PRIME Minister Datuk Seri Dr Mahathir Mohamad, who is New Umno president, said the party can be called Umno because it comprised basically the same people who made up the old Umno.351 words
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Article72 1988-07-23 9 Bernama. KUALA LUMPUR Datuk Seri Mahathir Mohamad said that there would be no public rallies for the Johor Baru parliamentary by-election next month. “There’s no need for public rallies,’’ the Malaysian Prime Minister said. Former Umno MP Datuk Shahrir Abdul Kamad, who vacated theBernama. - 72 words
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256 1988-07-23 9 Bernama. PENANG The Democratic Action Party will decide in by the end of the month whether to contest the Johor Baru by-election, its acting secretary-general, Mr I.ee Lam Thye, said last weekend. He would be visiting the constituency thisBernama. - 256 words
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111 1988-07-23 9 AFP LONDON Malaysian banker Lorrain Esme Osman, who is wanted on fraud charges in Hongkong, failed in the House of Lords last week in a bid to challenge his pending extradition. A committee of three law lords dismissed an application by Lorrain, formerAFP - 111 words
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116 1988-07-23 9 NST. KUALA LUMPUR About 100 convicted drug traffickers are awaiting execution. Deputy Home Affairs Minister Datuk Megat Junid Megat Ayub, who disclosed this, said that said so far, more than 50 convicted traffickers have been executed while another 300 were serving life sentences for drug-related– NST. - 116 words
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Article38 1988-07-23 9 PENANG The High Court on Thursday postponed to Sept 6 the hearing of an habeas corpus by DAP leader Lim Kit Siang, challenging his detention under the Internal Security Act. Bernama. ternal Security Act. Bernama.ternal Security Act. Bernama. - 38 words
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Article, Illustration437 1988-07-23 9 R. VASANTHI - By R. VASANTHI KUALA LUMPUR The Malaysian Indian Congress (MIC) has expelled vice-president M. G. Pandithan after a disciplinary committee found him guilty of several charges of indiscipline. Another vice-president, Mr S. S. Subramaniam, was suspended for 12437 words
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Article242 1988-07-23 9 KUALA LUMPUR AFP, Bernama. A HIGH Court in Penang has postponed for the second time the hearing of a habeas corpus application by detained former parliamentary opposition leader Lim Kit Siang. Justice Dzaiddin Abdullah adjourned the hearing to next Thursday to enable government lawyers toAFP,; Bernama. - 242 words
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Article, Illustration647 1988-07-23 10 ISMAIL KASSIM - The Tun Salleh affair: Supreme Court lifts restraining order By ISMAIL KASSIM Kuala Lumpur THE Supreme Court yesterday cleared the way for a tribunal to submit to the Yang di-Pertuan Agong its report on the position of suspended Lord President Tun647 words
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80 1988-07-23 10 Hernama. KUALA LI Ml'l It Only one tribunal will hi* set up to decide on the position of the five suspended Supreme Court judges, according to Prime Minister Datuk Seri Dr Mahathir Mohamad. He said it was not necessary to set upHernama. - 80 words
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181 1988-07-23 10 SYDNEY A Malaysian student who had been missing on a cross-country skiing expedition was found dead on Tuesday, just 250 m from a mountain road, police said. He was identified as Mr Hong Sun Chen, 22. after being reported missing. However, police refused181 words
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431 1988-07-23 10 Strong surge expected to continue NST. KUALA LUMPUR The Malaysian economy performed strongly in the first quarter of this year, registering a growth rate of about 7.5 per cent and indications are that this surge will continue for the rest of 1988. The– NST. - 431 words
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Article80 1988-07-23 10 NOT. ALOR STAR The State Veterinary Services Department has discovered that hsrse meat Is being said as heed. This has been getng sa far a laag time, especially daring the festive senses, aad a syndicate Is believed te be engaged In the Illegal slaughtering of– NOT. - 80 words
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238 1988-07-23 10 Jllg UIC UPI. KUCHING Sarawak police have arrested five people, including the managing director of a Kuching-based newspaper, under the Internal Security Act. Sarawak Police Commissioner Mohamed Yassin Jaafar said in a statement the five men aged between 36 and 49 were picked upJllg UIC , UPI. - 238 words
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Article, Illustration489 1988-07-23 10 ISMAIL KASSIM - By ISMAIL KASSIM KUALA LUMPUR The Supreme Court has overturned a High Court decision last March to release opposition politician Karpal Singh from detention under the Internal Security Act. In upholding the appeal by the government, Acting Lord President Tan Sri Abdul Hamid Omar489 words
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ASEAN
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Article, Illustration440 1988-07-23 11 MANILA Reuter THE powerful body set up to track down former Philippine president Ferdinand Marcos’ illegal assets has itself become the target of corruption charges. President Corazon Aquino. acting on complaints, this week, ordered an audit of companies which the Presidential Commission onReuter - 440 words
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359 1988-07-23 11 UPI. BACOLOD CITY (Philippines) Some 2,000 anticommunist demonstrators this week barricaded the compound housing Bacolod Bishop Antonio Fortich to protest against a churchwide re-organisation they fear will bring radical priests into the city. Last week, the Catholic Bishops’ Conference of– UPI. - 359 words
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Article75 1988-07-23 11 AFP. JAKARTA A 35-year-old man who died last month in Bali was the first Indonesian to succumb to the acquired immune deficiency syndrome (Aids), a senior health official said here. The man died in a private hospital on June 23, said Mr Suriadi Gunawan, secretaryAFP. - 75 words
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109 1988-07-23 11 Reuter. BANDAR SERI BEGAWAN The Sultan of Brunei has said Income from the country’s foreign investments had doubled over the past five years. “Despite the fall in oil revenue, investment Income has helped support the nation’s l'Ssl.s billion (553.06 billion) national development plan,” Sultan Hassanal BolkiahReuter. - 109 words
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285 1988-07-23 11 UPI JAKARTA The Minister for Women’s Affairs blasted those who skirt Indonesia’s ban on beauty contests by continually trying to unveil more of a woman’s body. But the organiser of a “beautiful calves” competition vowed his show would go on. "Why complain now?”UPI - 285 words
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369 1988-07-23 11 AFP. JAKARTA In a flurry of activities, contrasting with its usual slow-paced, relaxed nature, the Indonesian city of Bogor is preparing to host an informal meeting on Cambodia scheduled to open here on Monday. All around the presidential palace, where the meeting is toAFP. - 369 words
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Article, Illustration345 1988-07-23 11 YANG RAZALI KASSIM: Jakarta - By By YANG RAZALI KASSIM: Jakarta I: Jakarta ARMED forces commander General Try Sutrisno has reminded the United States that it is not welcome to move its military bases in the Philippines to Indonesian territory. "Indonesia has never thought about inviting345 words
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Article99 1988-07-23 11 Lekra. – YANG RAZALI KASSIM - Lekra. YANG RAZALI KASSIM. JAKARTA The Indonesian Defence and Security Minister, General Benny Murdani, has named several people described by the government as either returned communist cadres from abroad or writers propagating communist ideas through their publications. According to press reports quoting Gen Murdani, the99 words
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COMMENT/ Pick of the week’s editorials
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Article585 1988-07-23 12 JULY 23. 1988 THE recent statements of Prime Minister liee Kuan Yew, First Deputy Prime Minister Goh Chok Tong, and Trade and Industry Minister' I-ee Hsien Loong have answered the question of leadership transfer in Singapore as clearly as it can he right now. As BrigGen (Res) Dm*585 words
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Article609 1988-07-23 12 JULY 22, 1988 INDONESIAN Foreign Minister' Ali Alatas has warned against unrealistic expectations when the four Cambodian factions, Vietnam and other concerned parties begin informal talks on Monday to find a solution to the nine-year-old Cambodian conflict. It is not insignificant that the warning should come from Indonesia609 words
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Article604 1988-07-23 12 Jill V 21. 1988 PEOPLE on both sides of the Causeway are aware of th<> importance of having close relations between their two countries. They have heard this so many times in the past that an editorial on this subject runs the risk of sounding platitudinous. There is,604 words
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590 1988-07-23 12 SINGAPOREANA SINGAPOREANA means all things Singaporean. Especially old tales and tidbits from old local history. Last Saturday, I left open and unanswered a question about De Souza Street simply because I didn’t quite know the right answer On Monday, a reader and590 words
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Article187 1988-07-23 12 “Someone who is well-read will want to imitate their favourite author’s style when they write. Thus a child who reads a lot will be able to write well.” Dr Catherine Lim, a well-known local author on why reading is important. “Given the choice to go out and earn187 words
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COMMENT/ Perspective
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Article, Illustration1745 1988-07-23 13 ISMAIL KASSIM - As secretary-general of the new Umno, Datuk Mohamed is very much in the news By ISMAIL KASSIM of the Foreign Desk DATUK Mohamed Rahmat is a much misunderstood and little loved figure in the administration of Prime Minister Datuk Seri Dr1,745 words
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Article, Illustration1092 1988-07-23 14 KHOO HOW SAN - Delivery of two submarines expected in two years’ time By KHOO HOW SAN MALAYSIA appears ready to set up a submarine force, giving its navy the flexibility which its surface fleet cannot always fulfil. And so long as submarines stay undetected,Source: Janet Fighting Ship* 1985-86; Asia 1988 Yearbook - 1,092 words
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Article, Illustration439 1988-07-23 14 Reuter NKW YORK Mr Michael Dukakis is so boring and Mr George Bush so “wimpish" that they risk falling off the drawing boards of some of America's leading political cartoonists, the artists say. “Dukakis is so controlled andReuter - 439 words
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Page 13 Miscellaneous
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TIME$
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623 1988-07-23 15 DAMIEN LIM - Conditional deal involves purchase of 12.75 mil shares By DAMIEN LIM KEPPEL Corp yesterday said it has entered into a conditional agreement to buy a 51 |*»r cent stake equivalent to 12.75 million shares in listed Sim Urn Finance (SLF). The purchase623 words
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355 1988-07-23 15 SHARON LAU - By SHARON LAU WHEN City Developments’ rights issue is completed, shareholders funds will swell by $118.5 million to $*»01 .4 million —orto an even larger figure about $817.9 million if all existing warrants are converted into new shares, according to its355 words
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205 1988-07-23 15 UNDERGRADUATES at the National University of Singapore and Nanyang Technological Institute can now borrow up to $5OO in overdraft facilities and take up computer and travel loans without having to bring along a guarantor. Oversea-Chinese Banking Corporation's offer is the first205 words
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122 1988-07-23 15 TIIE ceiling for foreign ownership of Malaysian stockbroking firms has been raised from 30 per cent to 49 per cent. Disclosing this on Monday, Malaysian Prime Minister Datuk Seri Dr Mahathir bin Mohamad said only foreign stockbrokers who demonstrate they can122 words
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Article4850 1988-07-23 16 Friday, July 22, I9HX 1988 Tel Last Grs Vol Week Last Quote High Low Code Company Sale orYld 000) High Low Buyer Seller SECTION ONE INDUSTRIAL COMMERCIAL ADEF A 1005 1005 ADEF B 1005 139 95 1 1000 Acme 127 *d -3 08 19 129 1264,850 words
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60 1988-07-23 17 THE day-to-day ST Industrial indices and daily turnover for the week: MONDAY: 1,116.58 points (up 15.62); 61.2 m units (value $196.18m); TUESDAY: 1,136.22 (down 10.36); 52.49 m units ($95.62m); WEDNESDAY: 1,145.54 (up 9.32); 53.71 units ($87.16m); THURSDAY: 1,152.50 (up 6.96); 53.31 m60 words
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Article47 1988-07-23 17 HONGKONG share prices yesterday closed lower on a quiet day enlivened only bv an after-hours placement of shares in major property Cheung Kong The Hang Seng Index fell 25.6 points to 2,661.77 Turnover was a low Hh’s7l4.9 million against Thursday's HK5637.20 million.47 words
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Article389 1988-07-23 17 U 2? HKS Chanjf Assoc Inti Hotels 3 175 unch Boot. Of Lost Asio 18 40 -0 1 Capitol Corp 0 87 -0 02 Cothov Pacific An 8 655 -0 145 Cheung Kong China Light 7 85 -0 15 17 30 •0 2 City Resources 1 22N Cross Hart)389 words
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413 1988-07-23 17 Weekly sharemarket report THE Singapore stock market continued to show resilience this week, but finally buckled under Wall Street's poor showing to end Friday's trading in minus territory with a drop of 9.70 points in the ST Industrial Index from the previous day's413 words
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129 1988-07-23 17 SHARE prices on the KUALA LUMPUR stock market were taken broadly lower yesterday in lacklustre trading with business volume dipping below 30 million units. One analyst said most operators were cautious ahead of the long weekend. The exchange will be closed on Monday for129 words
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Article242 1988-07-23 17 Interbank Over the counter Foreign currency local dollars to one unit of foreign currency Foreign currency to SJ10 Australian dollar Canadian dollar N7 dollar Sterling pound US dollar *****-1 6579 1 7010-1 7033 1.3556-1 3583 3 5260—3 5298 2 0370—2 0380 614-5 98 5 93-5 85242 words
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Article, Illustration690 1988-07-23 18 RAMESH CHANDIRAMANI - For stockholders, free shares in new properety company By RAMESH CHANDIRAMANI, of Business Times COLD STORAGE Holdings PLC, one of Singapore’s oldest food-based companies. is to bring home its foreign domicile and float its principal property unit on the Stock Exchange of Singapore.690 words
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391 1988-07-23 18 UNITED Engineers Ltd has sold its remaining interest in United Engineers (Malaysia) Bhd for nearly $27 million. A UE statement on Monday said the sale of the 9.06 million share block for $26.99 million, or $2.98 a share, to a stockbroker391 words
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Article73 1988-07-23 18 Week ended July 15. Compiled by Business Times. Final results Company Gross dividend "L Group net profit/loss 000) Year lo General Corpn Harrisons M'sia Raleigh -0) 20(15) MJ7.286UJ775) MJ85 527($48.314) MS923L ($3.3881) Ian 88 Mar 88 Ian 88 Preliminary results Company Gross dividend Group pre-tai profit/loss (’000) Year73 words
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Article95 1988-07-23 18 MBT. KUALA LUMPUR Southern Bank helped Killinghall (Malaysia) to a sparkling profit lift. The tin miner’s group pre-tax profit before extraordinary items soared 104 per cent to M 513.45 million (5510.49 million) in the year to last Dec 31 (M 56.58 million previously). Southern Bank’s earnings contributionsMBT. - 95 words
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357 1988-07-23 18 CATHERINE C. ONG - By CATHERINE C. ONG A SHARP increase in its holding of gold and foreign exchange boosted total assets of the Monetary Authority of Singapore by 22 per cent to $27.4 billion for the financial year ended March 31. The latest MAS annual report357 words
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Article614 1988-07-23 18 Current El Books Dste Total tor Total tor peyment del* close payable the year last year Alex Hldgs tty, ibi Aug 30 Sep 9 Sep 26 6% 6% Ayer Molek •0%IM Jun 29 Jul 13 A u g 5 20% 20% B Sembawong 15% lot Jul 19 Jul614 words
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204 1988-07-23 19 RAFFLES City, a $1.2 billion hotel-office and shopping complex, has proved its critics wrong by breaking-even within IS months of operation. Three years ago, when the massive complex was first opened, market opinion was that the project would have to suffer operating losses204 words
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Article630 1988-07-23 19 Stocks outperform main hoard’s SESDAQ. Singapore’s second securities market, is coming of age just 17 months after its birth in February last year. Though neglected during much of the previous bull run. Sesdaq stocks performed remarkably well this year, outstripping the main board's recovery from630 words
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190 1988-07-23 19 year to April 30, 1989. Bernama. KUALA LUMPUR Raleigh Bhd has to borrow M 5143.14 million <*****.49 million) to finance its proposed acquisition of a 54.16per cent stake in Berjaya Corporation Bhd, 30 per cent of Sports Toto Malaysia Bhd and ayear to April 30, 1989. Bernama. - 190 words
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336 1988-07-23 19 MBT. THE LONG-AWAITED flotation of KFC Holdings is finally taking off but could well be disappointing for any investor not holding Innovest Bhd shares. For one thing, the offer is not open to the public at large as it is going to beMBT. - 336 words
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Advertisement715 1988-07-23 15 REACH SINGAPORE FROM HOME. To advert ise, contact our representatives below: MALAYSIA: The New Straits Times Press (M) Bhd 3t. Jalan Riong. Kuala Lumpur ***** Tel *****44 Cable New Times Tele* MA ***** Fa* (03) *****34 U.K.: Mr John Armour /Mr R Ramcsh The Straits Times Press (London) l td715 words
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Advertisement213 1988-07-23 19 H? >T» 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 you in on the213 words
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FORUM
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Article1153 1988-07-23 20 Devan agrees ‘to let matter rest’ I NOTE that the First Deputy Prime Minister. Mr (loh Chok Tong, urged in a press interview on July 11. that the issue of the "White Paper" on my resignation he put to rest. I agree with his sentiments.1,153 words
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Article, Illustration724 1988-07-23 20 IJS magazine has presented a distorted picture of Republic LIKE other young Singaporeans, I do at times have my share of criticism of certain government policies but I hope this does not in any way make me less loyal or unSingaporean. I can724 words
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403 1988-07-23 20 I REFER to your report "Bolshoi promises treat for S’pore ballet buffs” (ST, July 5). I find it rather absurd that the organiser of this excellent cultural event should dictate that the audience must put on evening gowns403 words
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Advertisement91 1988-07-23 20 Dear Overseas Readers The Straits Timas Wsakly Ovarsaas Edition walcomas letters from you. Your lattars 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 wa would prefer your using your91 words
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Advertisement697 1988-07-23 21 APPOINTMENTS 'J It's more than just a job. > v It 5 a Blue'% Chip Future! •> a w. m M ♦ASM w/ v wmbss 'Mtfß F 1 «1» ssa QUALITY ASSURANCE ENGINEER (Incumbent reports to the Quality Assurance Manager) The Person: Degree in Electronics, Electrical or Mechanical Engineering Minimum697 words
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Advertisement1062 1988-07-23 22 Services PA Personnel PA Consulting Services Pte I.td it K;iIIit\ Koiid #12-03 Standard < harlired Hank Itiiildini: Sinc.ipnrr 0104 l elex: Ks ***** I'KRSXIH it uni t Nn. X-0010-02 SECL’RITY No information will he given to our client unless authorised hv you at a personal meeting Applicants must quote reference1,062 words
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TIMESPORT
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Article, Illustration614 1988-07-23 23 JOE DORAI - MALAYSIA CUP SOCCER By JOE DORAI SINGAPORE wonl without victory for the third successive Malaysia Cup match on Monday nighl when they were held to a 0-0 draw by defending champions Kuala Lumpur at the National Stadium before 40.000 fans. The result was614 words
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Article262 1988-07-23 23 A REJ( VENATED Penang, In 13th plare last season, proudly head the Malaysia Cup league table at the flrstquartcr stage of the tournament. With their third vlrtory last Saturday (over Armed Forces) In four games, they are Joint leaders with Trengganu, who were held to a 1-1262 words
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Article183 1988-07-23 23 daily cards count. TAY CHĔNG KOON - GOLF daily cards count. TAY CHĔNG KOON. SINGAPORE is one of four countries shortlisted to host the 1990 Eisenhower Cup. The others bidding to stage the amateur equivalent of golf’s World Cup are Japan, Taiwan and New Zealand A final decision will be made at183 words
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258 1988-07-23 23 JOE DORAI - JOE DORAI PREMIER League clubs may be limited to three foreign footballers for next year’s competition. There was no foreignplayer restriction this season. Also, the foreign players may have to be registered during the first round, but local players can register after that. This258 words
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152 1988-07-23 23 JOHOR BARE Former Johor skipper Dollah Salleh, who is playing for Selangor this season, has been suspended from taking part in all soccer competitions for three years from Tuesday. The decision was made by the Johor Football Association disciplinary committee w hich152 words
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143 1988-07-23 23 RACING STRAITS Times raring tipster Lionel l>ee picked the winners of seven of the eight races run at Ipoh last Sunda>, equalling the feat of Raring Editor Roger Yue on Jan U. Lionel was right on target front Races I to 4143 words
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226 1988-07-23 24 Cheng Shoong Tat - By Cheng Shoong Tat KUALA 1,1 Ml’l l{ Leadership succession, the maintenance of a hroad-hased political consensus and building one nation out of different races are three major challenges facing Singapore, Trade and Industry Minister Lee llsien Loong said on Wednesday. Answering questions226 words
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Article491 1988-07-23 24 SHAUN SEOW - Total trade soars by a third in first six months of year By SHAUN SEOW AT HALF-YEAR. Singapore looks set to turn in the best annual trade performance since 1980. Buoyed by strong economic growth, Singapore’s total trade during the first six months grew by onethird over the491 words
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Article, Illustration417 1988-07-23 24 BERTHA HENSON - By BERTHA HENSON KUALA LUMPUR Pension is a subject close to the hearts of many civil servants and Singapore's High Commissioner to Malaysia, Mr S. R. Nathan, draws it faithfully every month. Nothing unusual, except that he draws it from both the Singapore417 words
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Article135 1988-07-23 24 ‘Run Run Shaw to wed Mona Fong AN auspicious date has been picked for the marriage in China between cinema magnate Sir Run Run Shaw and his close friend. Miss Mona Fong, according to rumours among show business circles in the British colony, Shin Min Daily News reported yesterday. Sources135 words
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Advertisement7 1988-07-23 24 Nikon Th 9 World'» Flnant Photographic System7 words
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Page 24 Miscellaneous
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Miscellaneous55 1988-07-23 24 n SUN TAN /hkh*&ha+ HKk NM* JA6, \TIA* HA 6 By Collette BuTHCTTooFAftTo MtiJ THosf CbOKiNC SM£tLS THAT IIU ME rr'S TIME Tb ST6A WC(tK ANO Co T Home 76 ©inh£* I KfAUV AM i-UCKy-NV Place of wt/u is oaf Of emnOT AND AEVOHO THE PAN6C OF fL'ilHi -saucepan* Oe>55 words
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