The Straits Times : Weekly Overseas Edition, 10 December 1988
1988-12-10
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The Straits Times : Weekly Overseas Edition
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Title Section20 1988-12-10 1 The Straits Times WEEKLY OVERSEAS EDITION SATURDAY, DECEMBER 10, 1988 Price; 551.20 (in Singapore) Elsewhere by subscription only MCI(P) 42/8/8820 words
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Article, Illustration844 1988-12-10 1 SHAUN SEOW - $1b increase in trade deficit ‘no cause for concern’ TDB outlines initiatives as total trade looks set to hit record $l6O billion By SHAUN SEOW WITH Singapore’s total trade expected to hit a record high of $l6O billion this year, the Trade Development Board yesterday844 words
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123 1988-12-10 1 MORE than 10 million air passengers were flown into and out of Singapore in the first 10 months of this year. This figure, which includes both foreigners and Singaporeans who travelled abroad and transit passengers, is an increase of about 10 per cent123 words
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Article, Illustration779 1988-12-10 1 FOUR Internal Security Act detainees were set free yesterday after a Court of Appeal allowed their habeas corpus applications on technical grounds but were re-arrested and served with fresh detention orders almost immediately after. A government statement said the fresh orders779 words
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178 1988-12-10 1 TAN LIAN CHOO - By TAN LIAN CHOO, Bangkok Correspondent BANGKOK A group of 20 people representing human rights groups in the region yesterday protested in front of the Singapore Embassy against the practice of detention without trial in Singapore. The group, which included former Singapore opposition178 words
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Page 1 Advertisements
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Advertisement73 1988-12-10 1 Bond-busters who quit civil service for executive suites SEE PAGE 13 HOME Woman who cheated firm of s2m in 21 months PAGE 8 Jeya disputes stand on Privy Council judgment PAGE 4 CAUSEWAY Riot police called to gold rush town PAGE 9 Mahathir offers 5 critics seats on supreme council73 words
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Advertisement6 1988-12-10 1 •puiui jp a:n£\j r? V tsi'nt-SAio*6 words
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HOME
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Article, Illustration494 1988-12-10 2 SINGAPORE still has a long way to go in its computerisation drive although good progress has been made since its launch eight years ago, the Finance Minister, Dr Richard Hu, said on Thursday He announced a new fourpoint plan to step494 words
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285 1988-12-10 2 FINANCE Minister Dr Richard Hu looks forward to the day when companies, and even housewives, will not need to fill forms or queue up at Government departments. Urging both the civil setvice and Singapore companies to move faster towards using more285 words
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94 1988-12-10 2 THERE will be no more late, late news for night birds, come January next year. The Late News bulletin in Chinese on Channel 8 and in English on Channel 12 will be taken off the air from Jan 2. According to94 words
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Article, Illustration312 1988-12-10 2 GRACE CHNG - By GRACE CHNG A HUSBAND and wife team who began a modest business designing printed circuit hoards in a two-room flat in 1981 has broken Into the international market with their own advaneed personal computer. Mr and Mrs Steven Tan, both312 words
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487 1988-12-10 2 ABOUT 25 to 30 |>er cent of the Singaporeans who cast their votes in the September general election were anti-establish-ment voters who would not have minded a change of government. Another 7 to 12 per cent who also voted against the487 words
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329 1988-12-10 2 THE brief courtship between Singapore Airlines and Raffles Hotel, the "grand old lady” of Singapore, is over. An SIA spokesman confirmed that SIA has decided not to take a stake in the soon-to-be-redeveloped hotel. “The exploratory discussions between us have ceased,” he said.329 words
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683 1988-12-10 3 SANDRA DAVIE - Too much pressure for academic achievement, says report By SANDRA DAVIE SINGAPORE students get too much pressure for academic achievement and not enough preparation for a well-rounded life, a committee under the Advisory Council on Youth concluded yesterday. The five-member Committee on683 words
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100 1988-12-10 3 TIiKKK’K no room at the inn. Hotels and restaurants in Orchard Kd are fully hooked for the coming festive season. They attribute this to the improved economy, the hig light-up and the closure of Orchard Road on Christmas and New Year’s100 words
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Article, Illustration457 1988-12-10 3 SHARON LAU - By SHARON LAU THE trend in private residential development is definitely upward but the pickup has not been as dramatic as the retail and commercial sectors, says Mr Colin Moore, Director of property consultant Jones Lang Wootton. In a study of457 words
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257 1988-12-10 3 THE long-time president of the Industrial Arbitration Court (lAC), Mr Tan Boon Chiang, has retired after 23 years on the job. Mr Tan stepped down on Dee 4 after reaching the age limit of 65 years. He is succeeded by former Senior State257 words
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145 1988-12-10 3 AN ASIAN Value Week should be held to promote traditional values, representatives of teachers’ unions suggested. In this way, every member of society can get to understand these values and play a part in dissemi- nating them, they said. The suggestion came up during145 words
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183 1988-12-10 3 THE Singapore-Hongkong route is so popular that demand for airline seats is fast out-stripping supply. “Passenger complaints about the non-availability of seats become more and more vehement." said Mr Lim Chin Beng, Singapore Airlines' Deputy Chairman Both SIA and Cathay Pacific are183 words
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Article, Illustration711 1988-12-10 4 Deterrence has its limits Chok Tong We must pursue close ties with neighbours at every level, he says MUTUAL understanding between neighbours and intertwined interests, not military deterrence alone, provide the best guarantee for lasting peace and regional stability, First Deputy Prime Minister Goh Chok Tong said this week. Addressing711 words
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617 1988-12-10 4 A PARLIAMENTARY Committee will be set up next year to formulate Singapore's national ideology and values, Goh Chok Tong said last Saturday. It is expected to hold public hearings in what he described as a formal study to identify core values that are common617 words
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Article111 1988-12-10 4 FIVE workers were injured after a freak soil explosion, believed to have been caused by a chemical reaction in a construction hole, on the off-shore island of Pulau Seraya, off Jurong. Police said thick piles of lime and soil were thrown out of a111 words
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475 1988-12-10 4 A-G’s ruling ‘surprising’ LAWYER J.B Jeyaretnam has challenged the Government's position on the Privy Council’s recent judgment on his appeal against disbarment. He said he had instructed his lawyers in London to look into the question of seeking redress but had not475 words
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Article156 1988-12-10 4 SINGAPORE has won a seat on the United Nations Committee on Contributions, to serve from next year to 1991. The Republic received the support of 121 out of the 155 countries which voted on last Friday. Commenting on Singapore’s success, Foreign Affairs Minister Wong156 words
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Article76 1988-12-10 4 SINGAPORE multinational Yeo Hiap Seng celebrated its 88th anniversary last night with a dinner at the Westin Hotel for more than 1,700 employees and guests. Second Deputy Prime Minister Ong Teng Cheong. who is also the NTUC Secretary-General, was the guest of honour. Mrs Ong was also76 words
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Article, Illustration552 1988-12-10 6 They must also provide moral leadership and they must be conscious of their role in society Top govt servants must be drawn ‘from the best and brightest’ THE civil service in Singapore must provide both intellectual and moral leadership if it is to552 words
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338 1988-12-10 6 SHAUN SEOW - Cheaper ringgit, wages, among reasons By SHAUN SEOW ABOUT 100 Singapore manufacturing companies set up factories in Malaysia during the first nine months of this year, compared with 58 for the whole of last year. The companies, which come from a338 words
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75 1988-12-10 6 TAXI commuters will have to pay 20 cents more for their cah rides from Dec Ifi. The flag-down fare will he increased to $1 .HO, hut there will he no rise in distance-relat-ed fares. The Public Transport (ouncil gave its approval for75 words
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147 1988-12-10 6 ONLY one in two chief executives got company cars this year, compared with three in four last year, according to the latest PA survey. The cut in executive perks extended down the line, as only 30 per cent of the companies’ functional heads got147 words
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563 1988-12-10 6 EMPLOYERS of foreign maids will have to pay a higher government levy of $l6O from next month and $2OO from July. And from next month, they will not lx l allowed to rely on insurance companies to stand as guarantors for the563 words
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389 1988-12-10 6 TEENAGERS who come from broken families are the focus of attention of anti-Aids crusaders from the Ministry of Health. To ensure the message reaches these youngsters, a group of 30 welfar e officers held a workshop last Saturday to learn more about the dreaded disease.389 words
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421 1988-12-10 7 TAN TECK HUAT - By TAN TECK HUAT PRrVATE sector workers Ix)th bargainables and executives can expect higher pay rises of around 6.7 per cent next year, more than the 4 to 5 per cent they got this year, according to a survey421 words
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Article, Illustration170 1988-12-10 7 THIS is an artist’s impression of the S4M million modern hut Oriental-style office and shopping complex which will go up in Orchard Square in four years’ time. The complex will he a joint venture between Ngee Ann Kongsi and Metro Holdings’ wholly-owned subsidiary, Orchard Square Development170 words
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266 1988-12-10 7 AGNES WEE - By AGNES WEE AFTER more than a decade of quarrels over the proposed Orchard Square development, the Teochew businessmen in the Ngee Ann Kongsi and the chiefs of the Metro group have finally buried the hatchet. “In any quarrel, it takes two hands266 words
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188 1988-12-10 7 CHINESE Swimming Club’s redevelopment project started with a bang last week when the club’s president pressed a button to drive in the first pile. Mr Soon Peng Yam, who is also the chairman of the redevelopment committee, then freed 28 pigeons. A188 words
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464 1988-12-10 7 THE Methodist Church of Singapore has given its approval to test-tube baby procedures provided the eggs and sperm used are from the husband and wife and not from a donor A decision on this issue and surrogate motherhood, which the464 words
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231 1988-12-10 7 THE Methodist Church in Singapore announced on last Saturday that it was withdrawing its membership from the Christian Conference of Asia a regional Protestant group expelled from Singapore last year for its involvement in politics. The decision was taken at it« general conference231 words
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455 1988-12-10 8 Company paid for goods not delivered A YOUNG woman cheated her employers of more than $2 million in 21 months “for a man’s love", a district court heard on Monday. Jocelyn Heng Eng455 words
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129 1988-12-10 8 A 48-YEAR-OLD teacher, who switched the $16.90 price tag of a handbag to pay for one costing $7O was jailed for three months by a district court this week. Lim To Luan admitted cheating a Printemps department store cashier. Miss S. Sharita. In129 words
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Article, Illustration337 1988-12-10 8 A FILIPINA maid who slashed her employer on her face with a chopper told a court in mitigation that she was "mentally disturbed" at the time. "But I still feel guilty forhurting my employer. I had no grudges against them and337 words
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Article31 1988-12-10 8 FOUR Indonesians were rescued by a Republic of Singapore Air Force helicopter after their sampan sank about 3 kms off a lighthouse in the Straits of Malacca this week31 words
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169 1988-12-10 8 TWO schoolboys trailed and caught an odd-job labourer after they saw him smash a shaft at the Raffles Place MRT station The labourer, Chua Choo Hong. 35. was jailed four months and ordered to be given four strokes of the cane after he169 words
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Article, Illustration621 1988-12-10 8 AHMAD OSMAN - Tax case hearing put off By AHMAD OSMAN LAWYER Francis Seow's trial for tax evasion was adjourned on Monday to Saturday but not before Deputy Public Prosecutor 1-awrence Ang accused him of employing a “grand ruse" to delay the hearing. Seow621 words
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Article135 1988-12-10 8 PRIME Minister Lee Kuan Yew yesterday sent a message of congratulations to Ms Benazir Bhutto on her appointment as Prime Minister of Pakistan. In sending his "warmest congratulations”, he said her appointment augurs well for the future of Pakistan. “Your success as Prime Minister can135 words
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Article117 1988-12-10 8 THREE men, Including an 81-year-old engineer, were Injured when an explosion lipped through a switch-room at OC’BC Centre In Chulla Street early Saturday morning. Consultant engineer Eric Ereeth Roper and workers Mak Ping Slab, 34, and l>ee Teow Guan, 27, suffered superficial burns117 words
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55 1988-12-10 8 MORE than 100 people were struck down with food poisoning after eating what doctors believed to be contaminated vegetables over the weekend. Twenty-seven were warded and the rest sent home after treatment at the Singapore General Hospital. All the victims complained of diarrhoea and55 words
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595 1988-12-10 9 New emphasis will be on promoting dynamic growth MBT KUALA LUMPUR Bank Negara has shifted its emphasis from a defensive posture of protecting the banking system and restoring internal and external equilibrium to promoting dynamic growth. In doing so, it is not only responding toMBT - 595 words
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284 1988-12-10 9 They want loggers to pay them slm Bernama KOTA KINABALU About 200 people in five villages in Sabah's Keningau district have set up roadblocks to back up their demand for Msl.s million (Ssl.oB million) “compensation” from logging companies in the area. The villagers, ledBernama - 284 words
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304 1988-12-10 9 NST. JOHOR BARU The federal government will seek compensation from Singapore on Johor's behalf for the loss of logging areas in the state due to the water pact between the two countries. Mentri Besar Tan Sri Muhyiddin Mohamed Yassin said theNST. - 304 words
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Article129 1988-12-10 9 UJ IVg Bernama. SUBANG (Sarawak) The Sarawak government is resettling about 3,000 families of the nomadic and semi-no-madic Penans in two settlements in the Kapit and Miri divisions, Chairman of the Penan Committee Abang Johari Tun Openg said. He told Bernama on Wednesday that about half theUJ IVg Bernama. - 129 words
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Article, Illustration131 1988-12-10 9 Bernama. KUALA LUMPUR The government turned down a proposed Michael Jackson concert recently because the organisers were not able to guarantee security, Parliamentary Secretary to the Welfare Ministry Peter Chin told Parliament. Replying to an opposition MP, Mr Hsing Yin Shean (TanjungBernama. - 131 words
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Article149 1988-12-10 9 KUALA LUMPUR Opposition MPs, especially those from the Democratic Action Party (DAP), have to act and behave positively to project Malaysia’s image before they can be allowed to join government delegations going abroad, the parliamentary secretary at the Prime Minister’s Department told the Dewan149 words
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331 1988-12-10 9 NST MARANG (Trengganu) More than 3,000 would-be prospectors, struck by gold fever, (jolted Marang district officers with eggs last Sunday, complaining that the officers were slow in processing their applications for licences The people had crowded the Marang district office in theNST - 331 words
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227 1988-12-10 9 NST. KUALA LUMPUR The newly-established tourist police will soon be deployed at major tourist spots throughout the country including hill resorts. Inspector-General of Police Tan Sri Mohamed Haniff Omar said the unit was currently being deployed at Genting Highlands. "I have decided to transferNST. - 227 words
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Page 5 Advertisements
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Advertisement251 1988-12-10 5 The psychology of warfare is a fascinating subject. In the heat of battle, mens minds are often pushed to the very limit. \et it is out of this cauldron of action that great men often emerge. Men like Admiral Nelson, the supreme strategist of warfare at sea. Or Sun Tzu,251 words
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across the CAUSEWAY
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Article, Illustration437 1988-12-10 10 Bernama KUAI.A LUMPUR Prime Minister Datuk Seri I)i Mahathir Mohamad has invited five of his harshest ciitics to join the New Umno and sit on the party's supreme council. He made the offer to formet Welfare Minister Shahrir Abdul Samad.Bernama - 437 words
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238 1988-12-10 10 NST KUALA LUMPUR The Anti-Corruption Agency will not compromise with corrupt government off! cers even if they had quit their jobs before being arrested "We don't believe in bargaining with such people as it will only defeat the purpose of our agency," the agency’sNST - 238 words
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Article104 1988-12-10 10 NST. kl ALA M MPI R Winners of Social Welfare lottery did not claim a total of M 94.87 million (553.5 million) in prize monies last year. This was 29.2 per cent higher than the total of M 53.77 million in unclaimed prizes in 1986, according to– NST. - 104 words
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187 1988-12-10 10 KUAl.A LUMPUR For mer Trade and Industry Minister Tunku Razaleigh has described New Umno’s invitation to five former I'm no members to join the party and sit on its supreme council as a divide-and-rule strategy, the Chinese-language daily Sin Chew Jit Poh reported. The paper187 words
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Article82 1988-12-10 10 Bernama. KUALA LUMPUR Former Prime Minister Tunku Abdul Rahman said this Meek that he did not think the MPs aligned to the group trying to revive the deregistered Umno would vacate their seats to force by-elections. This was because they had no more money, heBernama. - 82 words
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266 1988-12-10 10 KIILAI (Johor) The Malaysian Chinese Association (MCA) President, Datuk Dr Ling I Jong Sik, has said the party would wait for a “reasonable period” for the National Front to fulfil its pledges to the Chinese community, The Star reported yesterday. Asked how266 words
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393 1988-12-10 10 NST. PENANG Prime Minister Datuk Seri Dr Mahathir Mohamad has urged Malaysians to have an equally good command of Hahasa Malaysia and English. He said being proficient in one language did not mean that the standard of the other should dropNST. - 393 words
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147 1988-12-10 10 SHAH AI.AM Perusahaan Otomobil Nasional (Proton) rolled out its HXI.OOOth Proton Saga this week after a brief history of three years and is planning to double its production to 117,500 cars a year by the end of next year. Proton’s corporate general manager, Mr147 words
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172 1988-12-10 10 KUALA LUMPIJR The Royal Malaysian Navy base in Woodlands, Singapore, is vital to national defence and the government has no intention of closing it. Defence Minister Tengku Ahmad Rithauddeen told Parliament. Replying to a question from a National Front MP. Mr Hussein Taib (Sabak172 words
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ASEAN
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Article, Illustration268 1988-12-10 11 ABBY TAN - By ABBY TAN, Manila Correspondent MANILA— Singapore’s Foreign Minister Wong Kan Seng said on Monday that the possibility of Vietnam joining Asean would not be considered until the problem of Vietnam’s occupation of Cambodia was resolved. Mr Wong, who was visiting• Reuter picture. - 268 words
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181 1988-12-10 11 UPI MANILA Foreign Secretary Raul Manglapus said yesterday Malaysia has agreed to begin talks with the Philippines next month in Kuala Lumpur on disputed areas in the South China Sea. Th f> talks follow the four-month detention in Sabah ofUPI - 181 words
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Article47 1988-12-10 11 ABBY TAN - ABBY TAN. MANILA Mr Wong Kan Seng on Tneoday paid a 11-minute courtesy call on President Corazon Aquino at Malacanang Palace. Later, he told reporters that no Issues were discussed. Palace and Singapore officials said It was a “cosy, fireside chat". ABBY TAN.47 words
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106 1988-12-10 11 UPI. JAKARTA More than 2,000 ethnic Chinese who ignored a year-long amnesty for illegal residents will be detained and charged with illegal entry, Justice Minister Ismail Saleh said. “The police together with local government officials are currently looking for these ethnic Chinese,”UPI. - 106 words
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275 1988-12-10 11 TAN LIAN CHOO - By TAN LIAN CHOO Bangkok Correspondent BANGKOK The Thai Foreign Ministry has decided not to ban an Australian freelance journalist after he pledged to publish in the South China Morning Post a retraction of an article the Thais found to be untruthful. Journalist275 words
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Article55 1988-12-10 11 BANGKOK Thai army chief and acting Supreme Commander General Chavalit Yongchaiyudh is expected to pay an official visit to Laos later this month. The Nation newspaper reported. Gen Chavalit was last in Laos in late October to pave the way for Thai Prime Minister Chatichai Choonhavan’s55 words
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Page 11 Advertisements
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Advertisement214 1988-12-10 11 if 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 the latest214 words
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COMMENT/ Pick of the week’s editorials
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Article631 1988-12-10 12 DfC 10. 1988 BEST we be accused of cynicism, we wish to state that we welcome Soviet President Mikhail Gorbachev's announcement on Wednesday at the United Nations that the strength of the Soviet armed forces would be reduced by half a million in the next two years,631 words
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Article606 1988-12-10 12 DEC 9. 1988 THE Trade Development Board has much cause for celebration during this festive season With just over three weeks left before the yeai ends, P.tHH is expected to chalk up one of the lx*st export performances this decade. The export boom which Singapore is606 words
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Article603 1988-12-10 12 DEC 8. 1988 FINDING a way of living amicably with one another has never been an easy task for mankind. Overcoming the instinct of aggression which resides in man’s heart has proved more difficult than conquering nature and harnessing its r esources. While everywhere people profess603 words
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539 1988-12-10 12 DO YOU KNOW IX) YOU know that Ms Benazir Bhutto, 35, was born in the Year of the Snake? Truly, she is. The new Prime Minister of Pakistan, also the world’s first woman PM of a Muslim country, was born on June539 words
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Article251 1988-12-10 12 “I concede that they have the right to show as many commercials as they like. However, the commercials should In 1 shown before the published show time. The showing of commercials after the published show time is a flagrant infringement on the patron’s freedom of choice.” A writer251 words
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COMMENT/ Perspective
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1670 1988-12-10 13 GERRY DE SILVA - Salaries of Singapore’s top earners less than in developed countries By GERRY DE SILVA in Ihe Sunday Junes RISING numbers of Singapore’s brightest young talent are quitting public posts for the private sector many of them before completing bonds they1,670 words
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Page 13 Miscellaneous
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Miscellaneous36 1988-12-10 13 It’s Cheah WtWrMMEttSV»? pms wm S W?>iRWJ,WA\ fieri w r L ttKOtf <**mj\n&\ ,iposL kcmft£o*ww\\& UNIS IM. faayfj haclerndi ,sftf/ huhid cmphibiQ- '3,. L T L fICT*» SM\HCk. mm... ribic/ f>b) a "STi S mi L36 words
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FOCUS
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Article, Illustration1007 1988-12-10 14 SANDRA DAVIE; and KOH BEE ANN - Number of 'binge shoppers’ rising, warns psychologist By SANDRA DAVIE and KOH BEE ANN THEY share an addiction every bit as compulsive as alcoholism or gambling and potentially as dangerous. They are the “binge shoppers" of Singapore, who feel an irresistible urge toPosed picture - 1,007 words
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222 1988-12-10 14 f My father gave me the supplementary card on my last birthday. I couldn't wait to use it although my dad warned me not to overspend. I was a bit hesitant at first. But after I had bought a bag with the card,222 words
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831 1988-12-10 14 PROF LIN YU-SHENG - 3y PROF LIN YU-SHENG Senior Research Fellow at the Institute of East Asian Philosophies and Professor of History, University of Wisconsin. Madison. SUNDAY TIMES. THE time has come, in the perennial debate about man's nature and whether lie can control his own development– SUNDAY TIMES. - 831 words
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TIME$
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536 1988-12-10 15 SHARON LAU - Report predicts lower return on commodities By SHARON LAU MALAYSIA’S gross domestic product is set to grow 7.4 per cent in real terms this year, but a slowdown to between 5.5 per cent and 6.5 per cent is expected next year, says DBS Bank. Supported536 words
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247 1988-12-10 15 INVESTMENTS by Central Provident Fund members have broken the sl-billion mark. This was announced in a CPF report yesterday that covered the per iod from July to September this year. The report showed that by the end of September, some 59,930 account-holders had invested247 words
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82 1988-12-10 15 THE Trade Development Board has denied that it plans to take over the management of the Rubber Association of Singapore (RAS). In a statement issued in response to a Business Times report, the board said “it has no plans to take over the82 words
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370 1988-12-10 15 JAPANESE company Murata Manufacturing, one of the world’s largest electronic component manufacturers, will invest another $BB million in Singapore by 1991. Its wholly-owned subsidiary, Murata Electronics Singapore, will spend $33 million on building a second plant in Yishun Industrial Park that will370 words
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113 1988-12-10 15 BANK loans rose in September for the sixth con secutive month September's bank loans and advances, including bill financing, grew by $145 million over the previous month to $4O billion, the Monetary Authority of Singapore said in its latest monthly statistical bulle tin113 words
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Article4327 1988-12-10 16 TRANSACTION DATE: DEC 9, 88 Gr’s 1988 Tel Last Yld Vol Day Last Quota High Low Code Company Sal# or- 000) High Low Buyer Seller SECTION ONE INDUSTRIAL COMMERCIAL 141 95 t e looo Acme 108 2 09 15 108 106 106 106 85 42 10014,327 words
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Article57 1988-12-10 17 THK day-to-day ST Industrial indices and daily turnover for the week: MONDAY: 993.1 t» points (down 6.21); 11.13 m units (value $26.84m); TI'ESDAY: 996.11 (up 2.98); 13.2 m units ($24.84m); WEDNESDAY: 998.99 (up 2.85); 15.57 m units ($29.24m); TIH'RSDAY: 1,902.84 (up 3.85); 20.13 m units ($32.29m); FRIDAY:57 words
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Article91 1988-12-10 17 Rubber (per kilo) S’pore Malaysia (rrnta) (sen) Dec 5 Dec 6 Dec 7 Dec K !>*<• 9 206.0(1 280 00 205 50 ***** 211.00 287.00 212.00 291 00 218(10 299.00 Palm oil Crude palm oil MS/tonne December 997 50 (south! 987 50 (central) lanuary 1.007 50 (south) 97591 words
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77 1988-12-10 17 AN ABSENCE of fresh factors and a quiet Tokyo combined to pressure the Hong kong market, which came off in featureless trade yesterday, brokers said. Bullish sentiment, however, continued to underpin the market. The Hang Seng Index ended the day at a77 words
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298 1988-12-10 17 Weekly stockmarket report IGNORING broad advances on overseas bourses, the Singapore stock market struggled most the week on low turnovers to remain above the ST Industrial Index level of 990 points. Ironically, the index broke through the 1,000point level on Thursday as the298 words
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Article394 1988-12-10 17 Dec 9 HKS Chan|t Assoc Inti Hotel» 2 875 -0 025 Bonk Of Eost Aiio 18 80 •0 1 Capitol Corp 0 68N Cothay Pocific Air 9 35 -0 1 Cheung Kong Chino Light 8 05 1380 unch -02 City Resource» 1 I2N unch Cro»» Horb Tunnel394 words
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Article110 1988-12-10 17 BASED on interest in lowliners. share prices finished higher in moderate trading on the Kuala Lumpur stock exchange yesterday. Dealers noted that most speculative stocks attracted strong attention while blue chips were ignored. Property and property-re-lated stocks stole the limelight, with most of them110 words
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175 1988-12-10 17 Counter rates Singapore dollars to one unit ot foreign currency Foreign Currency Buying OD Selling US dollar 1.9280 1 9465 Sterling pound 3 5628 3 6166 Australian dollar ***** 1.7071 Canadian dollar 1 6123 1 6412 NZ dollar 1.2345 1.2711 Singapore dollars to 100175 words
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410 1988-12-10 18 R. RAJENDRAN - 3y R. RAJENDRAN BOOSTED by Singapore's strong economic growth, car distributor Cycle Carriage Ltd posted a 67.2-per cent rise in group pre-tax profit but directors said the recent road tax hike is likely to take its toll on future growth. However410 words
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119 1988-12-10 18 RENEWED volatility In the money markets saw the Singapore International Monetary Exrhange chalk up a record monthly turnover of 1M.623 contracts last month. The volatility began just before the C 8 presidential elections and continued unabated last month with the US dollar under strong119 words
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Article706 1988-12-10 18 Current Ei Book* Data Total tor Total lor peyment date dot# payobta the year laat year A Enterprises 5% III No* 2 No. 17 Dec 5 7% 10% A 1 S B I0%(bl ion 6 ion 20 Jon 31 >0% 5% A M 0 B l%lbi No* 24706 words
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84 1988-12-10 18 PROPERTY group Bukit Sembawang Estates Ltd has turned in sharply reduced interim results But directors said this was because many construction projects are not finished yet so profit could not be recognised in the half-year accounts. Bukit Sembawang, whose principal activity is listed as84 words
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Article, Illustration498 1988-12-10 18 Sivam Subramaniam - Tangible results needed, he warns By Sivam Subramaniam MONTREAL Trade and Industry Minister Lee ILsien Loong has cautioned that the Uruguay Round of trade negotiations and the Gatt system will fail if the mid-term review now on in Montreal produces498 words
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201 1988-12-10 18 YACHT builder GB Holdings Ltd is poised for its sixth consecutive year of earnings growth with pretax profit rising 32 per cent to $5.65 million at half-time. Sales also went up 23 per cent to $27.9 million during the six months to Sept201 words
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Article85 1988-12-10 18 Company RIGHTS ISSUE Spore land One 2% unsecured loan stock with detachable warrant] lor every ordinary shore held Each $2 nominal value loan stock will be alloted one warrant, convertible anytime within live years Ex dote Nov 28 Books close Dec 8 Company OTHERS Ind Oxygen Restricted oiler85 words
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Article309 1988-12-10 18 Company RIGHTS ISSUE C 1 Holding? 27 million loon stocks in the rotio ol $3 loon stock tor every live ordinary shores held 0 C Bank One-tor two $075 per share Duta Cons One-for one $1 10 per shore F A C B One-tor one $0 60 per309 words
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Article536 1988-12-10 19 Christmas. R. RAJENDRAN - Two retail stores report drop in profits Christmas. R.RAJENDRAN. HIGHER operating costs took its toll on retailing giant Metro Holdings Ltd as the group reported a near 60-per cent fall in profit attributable to shareholders. Its listed subsidiary, Transmarco Ltd, also saw its bottom-line trimmed536 words
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374 1988-12-10 19 RETAILER C.K. Tang Ltd joined Metro Holdings in announcing lower half-year earnings despite increased sales. But unlike Metro, whose earnings were hit by higher operating costs, C.K. Tang’s profit fell because of the one-time costs of starting up Tangs Studio at Scotts374 words
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Article90 1988-12-10 19 SEMBAWANG Engineering Pte Ltd, the engineering arm of Sembawang Holdings, has secured an $B9-mil-lion contract to build an offshore oil-plat-form in Qatar in the Middle East. Industry sources said the deal, believed to be a joint-venture project, is the unlisted company’s single largest contract so90 words
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Article, Illustration563 1988-12-10 19 Week ended Dec 2 Final results Gross Group net Year to Company dividend profit/loss 000) A I S B 10 (5) MS9.931 ($2,542) June 88 Amtek Engrg 10TF (7.5TE) $6,009 <$4.701b) June 88 Kamunting Corpn 10 (6 8a) Mi.i,321 ($726) March 88 Seal Inc563 words
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627 1988-12-10 19 R. RAJENDRAN - By R. RAJENDRAN FOLLOWING the recent succession of interest rate hikes around the world, foreign exchange dealers in Singapore are expecting similar rises here. Bankers and analysts, however, say this is not likely in the near future, but added that with the627 words
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Article18 1988-12-10 19 Rubber Closing prices cents/kilo Singapore 218 00 January up six cents Malaysia ***** January up eight cents18 words
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Article73 1988-12-10 19 Crude MS/tonne palm oil December 997 50 (south i 990 1 north! 982 50 (central! January 1007 50 (south) Refined palm oil US»/tonnes RBD palm oil December 392 50 (sellers) January 397 50 (sellers) February 405 (sellers) RBD Stearin December 380 (sellers) Jan, Feb 382 50 (sellers) RBD73 words
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Article15 1988-12-10 19 Tin Closing prices M$/kHo KL Tin 1965 unchanged Turnover 70 tonnes down 42 tonnes15 words
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Page 15 Advertisements
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Advertisement712 1988-12-10 15 REACH SINGAPORE FROM HOME. To advertise, contact our representatives below: MALAYSIA: The New Straits Times Press (M) Bhd 31. Jalan Riong, Kuala Lumpur ***** Tel: *****44 Cable New Times Telex MA ***** Fax (03) *****34 U.K.: Mr John Armour /Mr R Ramesh The Straits Times Press (London) Ltd 102/106 Temple712 words
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FORUM
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Article, Illustration1278 1988-12-10 20 Public did not complain, censors themselves did ON THE BANNING OF THE LAST TEMPTATION I AM «lad that at last our censors have broken their vows of silence to take note of a controversy that has been raging outside their cloistered stronghold1,278 words
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895 1988-12-10 20 ON THE CALL FOR A NATIONAL IDEOLOGY I AM writing in response to the call by the Government for views from the public for a national ideology. This Government move is, understandably, the result of an overly-concerned parent over895 words
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Article286 1988-12-10 20 I WOULD like to comment on the article “Questions I would rather not ask myself as a Eurasian". (ST Weekly Overseas Edition, Nov 12). In many places here in the United States, I have observed "ethnic distinction”. I watched the election speeches with interest and286 words
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Page 20 Advertisements
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Advertisement96 1988-12-10 20 Dear Overseas Readers THE Straits Times welcomes letters from you. Your letters must include your signature, full name, address, and home and office telephone numbers, if any. They should preferably be typed, double-spaced, on one side of the paper. You may add a pseudonym if you wish. But we would96 words
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Page 21 Advertisements
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Advertisement984 1988-12-10 21 APPOINTMENTS O Management Careers with a Pharmaceutical Leader Beecham Pharmaceuticals, a leading producer of antibiotics manufactured at locations in the UK, USA, Europe and Singapore invites applications from suitably qualified and career minded candidates to fill management positions with the Company In Singapore, we produce semi synthetic penicillins for export984 words
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Page 22 Advertisements
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Advertisement974 1988-12-10 22 APPONTMENTS (1) SENIOR INDUSTRIAL ENGINEER Responsibilities cover organising, setting-up of the new department and bringing up its product manufacturing capability Applicant must possess good leadership and ability to plan and control Qualifications Degree in Electronic Engineering. 2-5 years experience in process and test engineering in the high end industrial product974 words
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TIMESPORT
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MERDEKA CUP SOCCER
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Article, Illustration430 1988-12-10 23 JOE DORAI - By JOE DORAI KUALA LUMPUR Nov strikers Jamaludain Hassan and Yusman Yusof contributed a goal each to give underdogs Singapore a surprise .'4-1 victory over Oman and clear the first of their throe hurdles in the Merdeka soccer competition at the Merdeka Stadium here430 words
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232 1988-12-10 23 JOE DORAI - JOE DORAI KUALA LUMPUR Singapore qualified for the final of the Football Association of Malaysia Under-14 soccer competition yesterday with a tremendous show of tenacity and determination, beating Perak 5-4 on penalty kicks after extra time had ended in a 0-0 draw. Singapore232 words
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811 1988-12-10 23 J. RAJENDRAN - COMMENT: By J. RAJENDRAN WHENEVER Singapore sportsmen stumble in the international arena which is more often than not people are quick to criticise them, seldom realising that the root of the problem lies in the system here which gives811 words
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292 1988-12-10 23 BEGINNING from the on-course races today, the Bukit Turf Club is offering punters $20,000 a week in prizes in its latest drive to beat the illegal bookmakers. As racing takes place each weekend at one of the four racing292 words
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Article128 1988-12-10 23 IPOH Trainer Ivan Allan returned to the big time on Sunday when he scored a smashing double in the $125,000 Sultan’s Gold Vase. The Vase win was the sev-en-time champion trainer’s first classic victory since he resumed training in June after a lapse of128 words
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Article, Illustration241 1988-12-10 24 THE people’s choice has come out tops. Having won the hearts of many Singaporeans and tourists, Centrepoint’s A Fairytale Christmas has won the hearts of the judges, too. In a straw poll carried out by The Straits Times last month, Centrepoint was the clear241 words
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145 1988-12-10 24 lit ALA LI MI’I R Former Deputy Prime Minister Datuk Musa llitam said he would withdraw from Johor politics at the end of this month. lie told the Malay weekly tabloid, Mingguan Kota, he had no other option because the group led h> former145 words
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Page 24 Advertisements
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Advertisement6 1988-12-10 24 Nikon Tho World'» fino9l Photographic Syttam6 words
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Page 24 Miscellaneous
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Miscellaneous33 1988-12-10 24 SUN TAN By CmIUtte WHfN You Plfi.TT MĕT S.T YOU KUcYJHt M/AS match 5 rtf IT M/AS EAiy-YOU SEF FAOMTHE START Me AkfjXCb ALLTHer/MĕAnd Alh/avs kw. rv OH 2^ z t Cj f^r33 words
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