The Straits Times : Weekly Overseas Edition, 17 December 1988
1988-12-17
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The Straits Times : Weekly Overseas Edition
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Title Section20 1988-12-17 1 The Straits Times WEEKLY OVERSEAS EDITION SATURDAY, DECEMBER 17, 1988 Price: 551.20 (in Singapore) Elsewhere by subscription only MCI(P) 42/8/8820 words
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Article, Illustration980 1988-12-17 1 MR LEE Kuan Yew this week reaffirmed the secular outlook of the Government and said ministers and MPs were there to represent and serve all Singaporeans regardless of their religious beliefs. The Prime Minister980 words
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Article, Illustration587 1988-12-17 1 SHARON LiM - By SHARON LiM A TEENAGE Hongkong couple were arrested at Changi Airport attempting to smuggle through about $5 million worth of topgrade heroin in speciallysewn nylon vests strapped to their torsos. The inexperience of the pair aged 18 and 19587 words
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Page 1 Advertisements
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Advertisement62 1988-12-17 1 INSIDE HOME Seow’s tax trial opens without him in court PAGE 2 Andrew Road triple killer goes to the gallows PAGE 3 s2oom plan to make Sentosa a top tourist isle PAGE 6 CAUSEWAY Value of ringgit same as before, says minister PAGE 10 Kelantan crisis over transfers PAGE 962 words
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Advertisement12 1988-12-17 1 £vrnri;«+syG3 QKSPcaaaa* sjioon 31b? V 4* JMI Ml Membership has its privileges.12 words
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HOME
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Article, Illustration1376 1988-12-17 2 BEN DAVIDSON - ‘Deliberately’ absent, says judge; lawyer pulls out, QO not in court Francis Seow tax evasion trial By BEN DAVIDSON THE trial of lawyer Francis Scow for alleged tax evasion went on yesterday without him after District Judge Sarjit Singh found that ho1,376 words
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369 1988-12-17 2 THK prosecution on Wednesday challenged the opinions of lawyer Francis Scow’s New York doctors that he (Seow) was medically naflt to travel by air te Singapore to face trial for alleged tax evasion. “It Is a gross distortion of the reality of369 words
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494 1988-12-17 2 ELAINE KOH - By ELAINE KOH in Business limes LAW firm Drew and Napier has succeeded in getting a $2-million negligence suit against its partners struck off. In a half-day hearing before assistant registrar Mr Chua Lee Ming Iasi week, Drew and Napier's lawyers argued494 words
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317 1988-12-17 2 global policy. ELAINE KOH In Business Times - global policy. ELAINE KOH In Business Times. Business Times. ARTHUR Young Co, a Big Eight auditing firm, is being sued by three of its former clients over alleged fraud or negligence over tax refunds. The former clients, who are now carrying onBusiness Times. - 317 words
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Article, Illustration863 1988-12-17 3 Mahathir delivers Ninth Singapore Lecture MALAYSIAN Prime Minister Datuk Seri Dr Mahathir Mohamad has called for greater economic cooperation among the Asean countries and a link-up between Asean and other regional groupings of developing countries. It was863 words
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532 1988-12-17 3 AN UNUSUAL speaker deserves an unusual introduction and that was precisely what Datuk Seri Dr Mahathir Mohamad got before he delivered Singapore Lecture 1988. It was given by former senior minister S. Rajaratnam, who was chairman for the evening, an occasion attended532 words
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Article, Illustration479 1988-12-17 3 SEK Kim Wah, who was sentenced to death for the brutal Andrew Road murders in 1983 was hanged in Changi Prison last week. At the end of his 17-day trial in 1985, Sek, then 21, had thanked the court for sending him479 words
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195 1988-12-17 3 SALES of computer hardware, software and services by Singapore companies soared to $790 million last year, an increase of 21.5 per cent over 1986. A survey released yesterday by the National Computer Board showed that last year was a particularly good year for hardware195 words
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684 1988-12-17 4 Jobless rate down to 3.3 per cent SINGAPORE’S employed workforce increased by a larger-than-expeeteri 15,H1M), or 3.8 per cent, in the 12 months fi'om June last year, mainly because more married women rejoined the workforce. The Government’s latest Labour Force Survey, released684 words
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332 1988-12-17 4 A US$5 million (about Sslo million) training centre is to be set up in Singapore by American multinational Hewlett Packard (HP) to train doctors and nurses from the Asia-Pacific region in the use of advanced medical equipment. The training centre,332 words
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Article54 1988-12-17 4 PRODUCTION operator Ilavenil lyinnan, 3s, who dropped half of a dollar note and 49 rents in coins to pay for the $1.49 bus fare for herself and a friend, was caught in the act by a sharp-eyed bus driver. Last week, she was fined $609 for54 words
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Article, Illustration676 1988-12-17 4 MICHAEL LIM - By MICHAEL LIM LOCAL hotel receptionists and Singapore Airlines air stewardesses apparently do not come with blonde hair and green eyes. That was what Miss Fiona Miller, a 23-year-old Singapore-born, and -bred English girl learned when she applied676 words
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100 1988-12-17 4 POTONG Pasir may not hold elections to pick town councillors if there are enough nominations and qualified candidates to fill its town council line-up. Opposition MP Chiam See Tong, clarifying his announcement last month that such elections would be held, said that100 words
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Article, Illustration341 1988-12-17 5 Tolerance 'best strengthened at young age’ FOREIGN Minister Wong Kan Seng wants the Education Ministry to consider introducing a course on major religions for secondary school students so that they can better appreciate the beliefs of their friends and neighbours. He341 words
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121 1988-12-17 5 THAT Grand Old Dame. Raffles Hotel, will soon stop taking in guests so it can have a multi-million-dollar facelift. The 127 rooms where many of the rich and famous have rested, during the hotel’s 102 years of existence, will be closed to guests121 words
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422 1988-12-17 5 Cheng Shoong Tat - Courts can’t question resolutions passed by Parliament judge Appeal by Jeyaretnam dismissed By Cheng Shoong Tat PARLIAMENT has the powers to pass conclusive resolutions and to regulate its own proceedings and these cannot be questioned or investigated by the courts, an Appeal Judge ruled yesterday. Dismissing with costs an appeal422 words
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101 1988-12-17 5 HOTEL room rates in Singapore are going up between 10 and 25 per cent next year. The increases come at a time when tourist arrivals are increasing and the construction of hotel rooms has slowed down. Mr Ricky Goh, president of the Singapore101 words
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Article, Illustration266 1988-12-17 5 VETERAN civil servant Herman R. Hochstadt, the Permanent Secretary (Law), is retiring next year. The Permanent Secretary (Environment), Mr Cheong Quee Wah, will lake over from Mr Hochstadt from Jan 9 and will be permanent secretary of both266 words
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Article, Illustration262 1988-12-17 5 NEUROSURGEON Dr I.im Djoe Phing has been cleared of an alleged cheating incident which led to his arrest in January this year. During a coroner's inquiry into the death of one of his patients. Dr Lim, 42. was arrested when the262 words
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Article181 1988-12-17 5 PUBLIC phones you can use with your credit card this is the latest telephone to hit town. Telecoms yesterday introduced its new credit card payphones that allow users to dial direct to 180 overseas destinations. The phones, the first in South-east Asia, accept four credit or181 words
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Article35 1988-12-17 5 HOSPITAL visitor Ho Kim Siong, 29, who damaged a “Smoking strictly prohibited" sign when told to stub out his cigarette, was fined $lOO for mischief and another $lOO for ignoring a smoking ban.35 words
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Article195 1988-12-17 5 ALAN 111 BBAKD - ALAN 111 BBAKD LONTXIN Singapore liver graft baby. Tasneem Babu, is now out of the critical stage, according to doctors at Addenbrookes Hospital in Cambridge, where the one-year-old underwent a second transplant last month. Tasneem remains in intensive care but, said her mother Mrs195 words
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Article38 1988-12-17 5 SEVENTEEN new childcare centres are due to open next year in addition to the three announced earlier by the People's Association. The 20 new centres are expected to take in between 1,400 and 1,500 children.38 words
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Article, Illustration435 1988-12-17 6 Nine sites offered to investors HAVE a meal on a Mississippi riverboat, watch dolphins perform at the Water Theme Park or stay in a novel cliff-hugging hotel facing the sea. Visitors to Sentosa will he able to do all that435 words
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445 1988-12-17 6 GERRY DE SILVA - By GERRY DE SILVA ‘TIS THE season of bonanza bonuses. Law firms are giving as much as six months' bonuses to staff in the wake of the upturn in the property market and thriving business climate. Other companies plan to445 words
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Article185 1988-12-17 6 A MAN was jailed 18 months this week after he was unable to pay $51,550 in fines for 356 offences, mostly for illegal hawking. Khoo Ah Yam, 49, who has no previous convictions, was fined $l5O for each of 337 illegal hawking charges; $lOO for185 words
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129 1988-12-17 6 THE boyfriend of a former Seagate planner, who cheated her company ot about $2 million, was charged last week with having stolen property. Aw Chee Kheong, 31, a part-time ear salesman, is alleged to have dishonestly retained more than $290,009 in cash and129 words
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Article33 1988-12-17 6 TAXI flag-down fares went up by 20 cents to M.BO from yesterday, following the increase of diesel tax from $l,lOO to $4,000 a year from last month. Distance-related charges remain unchanged.33 words
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351 1988-12-17 6 ALAN HUBBARD - By ALAN HUBBARD, Europe Editor IXJNDON Singapore is to host the World Transplant Games next year, a five-day mini-Olympics for patients who have successfully undergone "spare-part" surgery for replacement organs, including hearts, livers, lungs and kidneys. They will compete for cups and medals351 words
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95 1988-12-17 6 COME Valentine’s Day next year, there will be a mini marriage boom, with twice the usual number of couples tying the knot. So many people here want to get married on Feb 14 that the Registry of Marriages says it is fully booked for that95 words
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Article, Illustration575 1988-12-17 7 BERTHA HENSON - Members will not be party’s tea ladies By BERTHA HENSON WOMEN in Singapore will soon be able to join a separate wing of the People’s Action Party set up to involve them directly in national affairs. The women's wing, an idea mooted last575 words
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223 1988-12-17 7 THE People’s Action Party has appointed Brig-Gen (Res) George Yeo as one of two vice-chairmen of the newly expanded and restructured Youth Wing Committee. A new committee secretary has also been appointed. He is National University of Singapore lecturer Dr Liang Thow Yick, of223 words
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Article, Illustration352 1988-12-17 7 DAVID MILLER - By DAVID MILLER A MAN suspected to have killed a woman, whose body was found with a screwdriver embedded in her throat, fell to his death from a ninth-storey stairway at Toa Payoh yesterday. Mr John Tann Jui352 words
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387 1988-12-17 7 FRANCESCA NATHAN - By FRANCESCA NATHAN TEST-TUBE baby procedures are out for Roman Catholics. But babies created through the test-tube process would still be baptised in the Catholic Church "as they are innocent", said Archbishop Gregory Yong, the head of the Roman Catholic Church in Singapore.387 words
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192 1988-12-17 7 A TOTAL of 2,729 companies were prosecuted by the Central Provident Fund Board for non-pay-ment of contributions in the first nine months of this year. The board recovered nearly $llB million in CPF arrears and penalty interest from them. Figures released by the board192 words
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Article, Illustration649 1988-12-17 8 SANDRA DAVIE - Cassette shops and sports stores worst hit by those who are also shoplifters Unruly youngsters who hang around shopping centres By SANDRA DAVIE HUNDREDS of noisy and unruly youngsters are hanging around Orchard Road shopping centres, making a nuisance of themselves by blocking passageways and entrances,649 words
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197 1988-12-17 8 THE Oversea-Chinese Banking Corporation (OCBC) has signed the banking industry's first flexible wage agreement for junior executives The deal between the OCBC group and the Singapore Bank Officers' Association will mean an average wage increase of 12 per cent for the group’s197 words
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Article104 1988-12-17 8 A 55-YEAR-OLI) housewife, apoarentiv in a fit ot vengeance, severed the peni. of a man who allegedly molested her daughter aftet having promised mamas The woman castrated Mr Lee Chwee Urn, 3T, in his Chinatown home with a pair of scissors and threw the penis104 words
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204 1988-12-17 8 TWO men and tow women. said to be members of a vice ring, were fined a total of $lO,OOO on charges related to prostitution. The court heard last week that they procured prostitutes from India for their brothels, one at the New Seventh204 words
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Article, Illustration441 1988-12-17 8 Gan Cheong Soon - By Gan Cheong Soon A SURGEON who missed an 11-cm blade lodged in the left lung of a brothelkee|)cr, who later died, was found by a coroner’s court to he not criminally negligent. State Coroner Hamzah Mooia441 words
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111 1988-12-17 8 TEN workers from Malaysia were in the dock last week to face charges of rioting on last week at Stadium Walk. Nine of them.all odd-job labourers,are said to have beer, part of an unlawful assembly which wanted to injure a group of eight people.111 words
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635 1988-12-17 9 GRADUATES will have to learn to adapt and spread out into all kinds of jobs as their numbers rise, the Senior Minister of State for Education, Dr Tay Eng Soon, said this week. The narrow view that a635 words
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213 1988-12-17 9 THERE is room for a third university in Singapore, but its planners are aware that it should not duplicate too many courses offered by the National University of Singapore. Senior Minister of State (Education) Tay Eng Soon said such duplication would inevitably213 words
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Article, Illustration406 1988-12-17 9 JACQUELINE WONG - By JACQUELINE WONG A SNEAK preview of some 4,000 artifacts recovered during excavations at Fort Canning was given for the first time to archaeological enthusiasts yesterday. From blue-and-white Sung Celadons (porcelainbased artifacts) and Chinese coins to chips of glass beads, the406 words
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405 1988-12-17 9 THE Big Four hanks may sell their services as management agents for town councils. About a dozen senior executives from the property arms of Oversea-Chinese Banking, United Overseas, DBS and Overseas Union attended a closed-door briefing on the services needed by a405 words
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206 1988-12-17 9 THE Public Service Commission has adopted a new approach in its yearly recruitment of fresh graduates for appointments in the civil service. Henceforth, university students can apply for civil service jobs while they are in their final or honours206 words
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Article13 1988-12-17 9 THE Singapore and Australian navies held joint exercises off Singapore yesterday.13 words
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across the CAUSEWAY
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Article, Illustration396 1988-12-17 10 I wasn't influenced by Umno dissidents, says Dr Lim NST. KUALA LUMPUR A central committee momoer of the Malaysian Chinese Association (MCA), Dr Lim Ann Koon, has dismissed talk that he resigned his Am pang Jaya parliamentary seat because he hadNST. - 396 words
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Article50 1988-12-17 10 U.OK STAR Malaysia and Thailand have agreed on joint sea patrols to check heroin smuggling which is expected to increase following a humper poppv harvest in the («olden Triangle The Star reported. The agreement was reached between customs officers of the two countries recently. The Star said.50 words
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66 1988-12-17 10 KUALA LUMI'I R Former Selangor Mentri Uesar and a leading l nmo dissident Datuk llarun Idris has announeed that he will eontest the Ampang Jaya parliamentary by-election. Nomination Day is Jan 12. Datuk llarun, a former president of Umno Youth, saitl he would t»e66 words
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Article, Illustration373 1988-12-17 10 NST. KUCHING Malaysian Chinese will continue to play a worthwhile and meaningful role in all aspects of society as they have done over the past 200 years, president of the Malaysian Chinese Association, Datuk Dr Ling Liong Sik, said last Sunday.NST. - 373 words
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96 1988-12-17 10 KUALA LUMPUR Former Prime Minister Tunku Abdul Rahman has called for the sotting up of human ights societies to defend 'he people's fundamental ights. Opening a Human Rights Seminar organised by the Malaysian liar Council, the Tunku said such societies would allow the96 words
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148 1988-12-17 10 KUALA LUMPUR Gerakan Vice-President Datuk Michael Chen Wing Sum announced last Sunday that he has resigned from the party hut declined to give reasons for- his action. His announcement came amidst much speculation by the press that he was returning to the Malaysian Chinese Association148 words
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200 1988-12-17 10 ‘Value of ringgit same as before NST PENANG The value of the Malaysian ringgit had not decreased and it was strong compared with European currencies, Deputy Finance Minister Senator Karid Ariffln said yesterday. He told a seminar for security managers, organised by the Malaysian Security Control Services Association, that wheneverNST - 200 words
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83 1988-12-17 10 NST KLANG The president of the Petaling Jaya Municipality. Johan Samsuddin. was charged last Saturday with corruptly making use of the municipality's men and equipment to carry out work on land owned by his wife. Johan, 47, was alleged to have committed the offenceNST - 83 words
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78 1988-12-17 10 KENINGAU (Sabah) Residents from five villages who blockaded roads leading to timber camps in protest against non-pay-ment of promised compensation continued their protest by shaving their heads bald. Earlier, they had called off the blockade after being told that they could have a78 words
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219 1988-12-17 10 NST. BAHAU (Negri Sembilan) About 20 deputy superintendents and assistant superintendents of police have been given showeause letters to explain various charges against them, including torturing suspects held under remand. The decision to issue the show-cause letters was made by a seven-member policeNST. - 219 words
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Article209 1988-12-17 10 NST KUALATRENGGANU Another gold rush is shaping up in Trengganu with the discovery of deposits at Kampung Kubang Ikan, about 12 km from here. Prospectors have been swarming the new site every day for the past week. Scores of people armed with pans and dulangsNST - 209 words
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CAUSEWAY/ ASEAN
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Article, Illustration99 1988-12-17 11 SOME people go to great pains to make a sale. Uke Seremhan street peddler Chang Fook Choy, who has about 200 scorpions and centipedes crawling over his bare body. His death-defying act is meant to draw attention to his medicinal wares, which include scorpion-based99 words
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394 1988-12-17 11 KUALA LUMPUR The transfer of 20 Kelantan administrative officers has developed into a constitutional crisis involving the state government and the state Public Services Commission, Mentri Besar Tan Sri Mohamed Yaacob said yesterday. It had become a complex matter difficult to solve, he394 words
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256 1988-12-17 11 Bernama LANGKAWI The Malaysian government would take the necessary security precautions for the proposed Soviet-Malaysian eye hospital in Langkawi and close it down if the Soviets used it as a spy centre, Deputy Prime Minister Ghafar Baba said. However, he said theBernama - 256 words
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202 1988-12-17 11 THfc; Malaysian Cabinet has agreed to backdate the salary adjustments of 372,000 government employees in groups A, B and C to Oct 1 this year, Prime Minister Datuk Seri Dr Mahathir Mohamad announced in Singapore. The Prime Minister, who was202 words
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Article117 1988-12-17 11 JOHOR BARU The head of the youth wing of the Malaysian Chinese Association’s Ledang division, Mr Goh Cheng Poh, was shot by a gunman who had trailed his car in Jalan Sialang-Tangkak near Muar on Monday night. Police said Mr Goh had a bullet lodged117 words
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Article51 1988-12-17 11 NST KUALA LANGAT (Selangor) Two brothers died after they were stung by hornets at Kampung Kanchong Darat. Their mother, Puan Kamsini Osman, 43, and their 18-month-old brother were also stung and were admitted to the general hospital. They were attacked about 100 metres from their home.NST - 51 words
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Article26 1988-12-17 11 Bernama KUALA LUMPUR Smoking will be banned on all MAS domestic flights from Christmas Day, Transport Minister Datuk Dr Ling Liong Sik said. Bernama.Bernama - 26 words
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Article, Illustration344 1988-12-17 11 ABBY TAN - By ABBY TAN, Manila Correspondent MANILA Singapore’s US$5 million (559.6 million) aid package for the Philippines is taking shape after nearly 2 1 2 years of planning. An agreement between the two governments on the first project to be tackled under the344 words
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Article54 1988-12-17 11 AFP. MANILA An unexpectedly early cold spell approaching record low levels has sent shivering residents in this tropical city grabbing for blankets and warm clothing at dawn this week. The weather bureau said Manila experienced its coldest morning of the year on Wednesday, when the temperature dropped toAFP. - 54 words
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199 1988-12-17 11 UPI. JAKARTA Police who raided two mansions in the elite Kebayoran area of Jakarta this week found more men than women engaging in the world’s oldest profession. Local residents of the fashionable area had complained of unusual comings and goings atUPI. - 199 words
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COMMENT/ Pick of the week’s editorials
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Article593 1988-12-17 12 DEC 17. 1988 IT IS easy to take things for granted when they become commonplace. Singaporeans have, for instance, boon so used to mutual respect and tolerance between different religious groups all these years that few would accept the suggestion of a possible religious conflict here today. But593 words
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Article586 1988-12-17 12 DEC 16. 1988 THE global trade talks in Montreal last week must have seemed a non-event to many Singaporeaas. An acrimonious dispute between Europe and America on agriculture was the focus of attention at the mid-term review of the Uruguay Round of negotiations which brought together 103586 words
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Article652 1988-12-17 12 DEC 15. 1988 BEFORE there can be a Middle East settlement, the protagonists must give up their hardline positions and meet each other halfway. Mr Yasser Arafat, the chairman of the Palestine Liberation Organisation (PLO), seems ready to do that. He has already acknowledged Israel’s right652 words
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609 1988-12-17 12 LOOKING BACK I AM looking back in this column with nostalgia and wonder at what religious tolerance really meant to people of my time in the old multi-religious society. It meant all the world for us and yet it was something we609 words
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Article176 1988-12-17 12 “BUDDHIST societies have sprung up in the University and Polytechnics. They are also reaching out to students in schools. Buddhist songs are being composed and are sung in English to guitar and percussion music. In other words, Buddhism is adapting its practices to be effective and to keep176 words
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FOCUS
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1029 1988-12-17 13 WITH a Youth Ministry, instead of ad hoc programmes and one-off surveys, the Government should be able to monitor systematically changes in moods and perceptions of the young. Trends can then be identified faster and problems nipped in1,029 words
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Article, Illustration500 1988-12-17 13 SERENA TOH - By SERENA TOH SINGAPOREANS have taken to heart one characteristic of a develo|)ed society that puts the country ahead of others. Except that this distinction is unwanted the average Singaporean has a higher “killer” cholesterol level than his American andSource National Heart Association - 500 words
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724 1988-12-17 14 SANDRA DAVIE - Report of Committee on Pre-working and Working Youths By SANDRA DAVIE THE typical young Singaporean expects good rewards for his hard work, is obsessed with chasing academic qualifications, does not care to keep fit, is unappreciative of the arts and724 words
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420 1988-12-17 14 DOREEN SIOW - Survey shows many feel it benefits others, not them By DOREEN SIOW MORE than half of Singapore workers feel that productivity increases benefit other people but not themselves. The National Productivity Board annual attitudes survey found that the majority 72 per cent still420 words
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Page 13 Miscellaneous
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Miscellaneous46 1988-12-17 13 Scenes of Malaysian life V&jtiable price* UP' For F'*e 4 UHle chili S... V *1 Chicken prieei up f/sA UP! O forty ii A pp c. V. V £Ve<y thin y UPf UPf up! I 7/ A 'oTH/t*(r VRor* WT7/ W9> f b K Q V?46 words
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Page 14 Advertisements
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Advertisement209 1988-12-17 14 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 latest in209 words
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TIME$
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593 1988-12-17 15 WILLIAM CHIA - Increase this year double the average for others By WILLIAM CHIA in Business Times EXECUTIVE and professional salaries rose an average 9 per rent this year, according to a survey hv Peat Marwick Management Consultants. This is about double the average wage593 words
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Article78 1988-12-17 15 STATISTICS THAT SHAPE THE COUNTRY Those making $6,000-plus NEARLY 13,000 wage-earners in the Republic make $6,000 or more every month. Almost halt of them are between 35 and 45-years-oid but a score of people have started very young' 3,427 Those earning $6,00O-plus 2.803 MIS H 3 —3 2,20978 words
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182 1988-12-17 15 TIIK Singapore dollar firmed at midday oil Tuesday to a new record of 55i.9315 against the IS dollar hut later eased to elose at K51.939tl following intervention by the Monetary Authority of Singapore, dealers said. A senior dealer in a foreign hank182 words
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697 1988-12-17 15 LEE HAN SHIH - But property tax rate is one of the highest By LEE HAN SHIH in Business Times SINGAPORE'S office rentals are among the lowest in the world, but its property tax rate is one of the highest. According to a697 words
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Article355 1988-12-17 15 Reuter. HONGKONG In August 1945, the Japanese left Hongkong after occupying the British colony for more than three years. Forty years latei, they returned, buying property Now, they are Hongkong's largest overseas real estate investors. Reai estate analysts estimate that Japanese concerns bought almost US$65O million– Reuter. - 355 words
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Article4362 1988-12-17 16 TRANSACTION DATE: DEC 16, 1988 Tel High Low Code Company 88 Last Sale orGra Yld Vol Day 000) High Low Last Quote Buyer Seller 141 SECTION ONE INDUSTRIAL COMMERCIAL 95 < 1000 Acma 106 unch 09 7 106 105 104 106 85 42 1001 Alcorn 654,362 words
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Article59 1988-12-17 17 THE day-to-day ST Industrial indices and daily turnover (or the week: MONDAY: 1,111.4 points (down 1.86); 12m units (value *22.1m); TUESDAY: 1,162.51 (up 1.11); 25.93 m units (937.86 m); WEDNESDAY: 1,661.36 (down 1.21); 18.62 m units (133.61 m); THURSDAY: 1,663.32 (up 2.62); 13.62 m units (923.96 m);59 words
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Article95 1988-12-17 17 Rubber (per kilo) S'pore Malaysia (cents) (sen) Dec 12 Dec 13 Dec 14 Dec 15 Dec 16 214.00 296.00 210.00 296.50 204.00 292 50 215.00 292.50 205.50 291.50 Palm oil Crude palm nil MS/tonne December 972.50 (south) 962 50 (central) January 960 (south 920 (central) Refined palm oil95 words
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Article96 1988-12-17 17 A LACK of fresh incentives saw Hongkong stock prices drift lower yesterday afternoon. Despite quiet pre-hoiiday trade, where worries about interest rates were evident, the market still managed to closed slightly stronger, dealers said. “A tighter local money market and fears of an early increase in96 words
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293 1988-12-17 17 Weekly sharemarket report THE struggle to keep the Straits Times Industrial Index above the psychologieal 1,606-level eontinued all week, with the index going down and up within a narrow two-point range. At the end of trading on Friday, despite an early 466-polnt plunge293 words
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Article377 1988-12-17 17 Dec 16 HK! Chain* A»*oc Inti Hotels 2 75 -0 025 Bank Of Eos* Asia 18 80 unch Capital Corp 0 65 unch Cathay Pacific Air 9 25 > 0 OS Cheung Kong 7 95 unch Chmo Light 13 80 >0 3 City Resources t I2N unch377 words
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Article132 1988-12-17 17 SHARE prices were traded lower across the board on the Kuala Lumpur stock market yesterday during sluggish trading Business volume fell below seven million units. A few counters bucked the downtrend, but their gains were mostly marginal According to brokers, operators were discouraged by132 words
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181 1988-12-17 17 Counter rates Singapore dollars to one unit of foreign currency Foreign Currency Buying 00 Selling US dollar l 9295 1 9480 Sterling pound 3.5055 3 5590 Australian dollar 1.6100 1 6600 Canadian dollar l 5975 1 6233 NZ dollar l 1851 1 2409 Singapore181 words
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418 1988-12-17 18 LIM ENG HAI - Sale will give company extraordinary gain of sllsm By LIM ENG HAI PROPERTY company Hong Fok Corporation has sold Fortress Tower. its last major asset in Hongkong, for HK$7OO million, or Ssl7s million. The buyer is Taikoktsui Investment Company Ltd, a418 words
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184 1988-12-17 18 WATERFALL Gardens, a luxury residential development along Farrer Road, has been sold to the Hong-kong-based Coronet Group for $46 million, or $1.05 million for each of the 44 units. The five low-rise apartment blocks, developed and owned by the Kuwait184 words
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Article177 1988-12-17 18 KUOK (Singapore) Ltd, a member of Mr Robert Kuok's group of companies, has secured a 1100million note issuance facility for the next three years for working capital purposes. The agreement for the loan involves 21 local and international banks and merchant banks. Merchant bank N.M.177 words
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Article136 1988-12-17 18 MALAYSIA Mining Corporation Rhd last year tried to sell its 39-per eent stake in Tronoh Mines Malaysia Bhd. Now it has decided to make a hid for a majority stake in the nyLast week it served notice of its intention to take over the136 words
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Article, Illustration342 1988-12-17 18 Week ended Dec 9. Compiled by Business Times. Final results Gross Group net Year to Company dividend profit/loss (’000) Amal Steel 8TF (8TE) M$41.397($34.051) June 88 Ayer Hitam Tin 5(12) M$ 1.485($920) June 88 Cerebos 20TE(23.9) $25,021 ($19,226) July 88 Kglaniut 8(9a> M$3.141 ($38/b)Compiled by Business Times. - 342 words
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524 1988-12-17 18 SHARON LAU - F N sales hit $1b mark for first time By SHARON LAU SOFT-DRINK bottler Fraser A Neave Ltd has seen turnover break the sl-bil-lion barrier for the first time. It was one of the reasons the company has been able to achieve a pre-tax profit of $132 million this year524 words
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Article298 1988-12-17 18 Managers' prices for December 17 19 > Singapore Unit Trust 1 the Commene 096 101 Ihe Savings fund 087 088 S pom Rtog 1 und OJS P4O S pom Sec I und 063 088 I S poie Invest f und 066 070 S pom [quit* t und 045298 words
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521 1988-12-17 19 NARENDRA AGGARWAL - By NARENDRA AGGARWAL SINGAPORE'S per capita gross national product has reached just under US$B,OOO (5515.360). according to recently-pub-lished World Hank estimates for 1987 The World Hank Atlas 1988, which has leading economic and social indicators for 185521 words
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168 1988-12-17 19 STRAITS STEAMSHIP CO, the property arm of the Keppel Corporation group, has entered into two separate deals to buy two adjoining waterfront properties in Tanjong Rhu for $47.18 million. It plans to redevelop both properties together with another publiclylisted property company,168 words
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Article123 1988-12-17 19 Country or territory 1967 GNP per capita Wealth ranking 1987 1980 Switzerland US$21,250 1 3 United States US$18,430 2 9 Norway US$17,110 3 5 Japan US$15,770 4 18 Sweden US$15,690 5 4 United Arab Emirates US$15,680 6 1 Canada US$15,080 7 13 Denmark US$15,010 8 7123 words
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Article108 1988-12-17 19 THE Malaysian bicycle manufacturer which grew into a diversified conglomerate, Raleigh Bhd, will have a new name soon, if shareholders agree with directors. Directors this week proposed to call the company Inter-Pacific Industrial Group Bhd The revision follows recent statements from Berjaya Corp and108 words
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Article, Illustration412 1988-12-17 19 JOHN TAN - By JOHN TAN in Business limes SINGAPORE companies have been given a new mechanism to draw expert advice on wavs to penetrate world markets. The mechanism is a high-level advisory body set up by the Economic Development Board (p]DB),412 words
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369 1988-12-17 19 SHARON LAU - By SHARON LAU SHAREHOLDERS of Wearne Brothers have several more reasons to celebrate this Christmas the company this week announced a 50.2-per cent jump in group pre-tax profit, and proposed a l-for-5 bonus issue and a final net369 words
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165 1988-12-17 19 A SIGNIFICANT expansion and diversification of operations has enabled Avimo Singapore to chalk up its fifth straight year of record gains. The manufacturer of advanced precision optics, electro-optic instruments and laser equipment on Wednesday announced a 39 per cent jump in its165 words
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FORUM
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316 1988-12-17 20 ON THE CALL FOR A NATIONAL IDEOLOGY AND CORE VALUES THfi idea of combating undesirable ‘■Western" values is laudable. Perhaps we should also focus on the undesirable "Eastern” values we should try to eliminate from outsociety. This is tricky as some of these values316 words
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305 1988-12-17 20 WITH regard to The Straits Times Overseas Edition article "Western values: Boon or curse to Singapore'’" (Oct 22). it is foolish, naive and ignorant to simplify the issue to East is good and West bad. Both cultures have their pros and305 words
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226 1988-12-17 20 THE increase in the foreign maid levy seems totally contrary to the family life education campaign of the Ministry of Health last year and the millions spent on advertising and publicity programmes to encourage young couples to have more children. How does the Government expect226 words
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262 1988-12-17 20 AS American visitors to your beautiful country, we have followed with great interest your government’s efforts to instil “Asian" values in its citizens. Singapore’s leaders are rightly concerned about the corrupting influences being imported from the West We love our country, and although America262 words
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646 1988-12-17 20 ON THE AUSSIE IMMIGRATION ISSUE AS AN Australian of Chinese Malaysian background, I have been following with considerable interest the Australian public and media response to Mr I,ee Kuan Yew’s stance on the issue of immigration and multiculturalism in Australia. I write to646 words
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Article188 1988-12-17 20 AS A country town lawyer in New South Wales, Australia, 1 guess your readers would expect that I would epitomise the conservative view on most issues, and I guess they would be quite right. However, my wife and 1 would like to assure the people of188 words
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146 1988-12-17 20 I AM an Asian resident in Australia. I am writing to correct some misconceptions about the immigration debate. Contrary to popular belief, the debate about Asian migration is not a move towards a return to the White Australia policy. The debate is about146 words
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Page 20 Advertisements
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Advertisement92 1988-12-17 20 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 wouid prefer your using92 words
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Page 21 Advertisements
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Advertisement442 1988-12-17 21 APPOINTMENTS THE NEX T REVOLUTION MAiNFRAME-ON Intel has undergone a dramatic metamorphosis in its product focus during the past two decades. From memory supplier to microcomputer company, Intel has adapted to the ever-changing electronics arena. And Intel's next step a chip so powerful it will inaugurate a new age in442 words
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Advertisement410 1988-12-17 21 SMITH CORONIX Here we offer you a sense of meaning and purpose in your job with personal development and advancement opportunities. Come and join us through these positions if you think you are the right person we are looking for: PLANT ENGINEER Degree/Diploma in Mechanical/Fiectrical Engineering 3 b years first-hand410 words
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Page 22 Advertisements
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Advertisement261 1988-12-17 22 APPOINTMENTS si w&pore CiVil Service CAREER OPPORTUNITIES FOR UNIVERSITY GRADUATES Applications are invited from University Graduates and NUS/NTI Final and Honours Year's students, for various appointments in the Civil Service:Administrative Assistant Auditor Civil Defence Officer Commercial Affairs Officer Corrupt Practices Investigation Officer Cultural Affairs Officer Executive Officer Film Censor Foreign261 words
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Advertisement527 1988-12-17 22 ()tir < licnl is a leading IIS manufacturer ol computer peripherals with a solid manufacturing base in Singapore, which has expanded eonsislentk and sleadilv. \> a result ol expansion and continuous growth, our client now requires experienced and results-onented individuals for the posts ol: Director. Materials Altrarlivt* Salary -I- Car527 words
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TIMESPORT
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349 1988-12-17 23 JOE DORAI - MERDEKA CUP SOCCER By JOE DORAI KUALA LUMPUR Sin gapore failed to make it to the semi-finals of the Merdeka Cup soccer competition when they were beaten 2-0 by FC Swarovski Tirol, of Austria, at the Merdeka Stadium on Tuesday night. As in their349 words
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Article189 1988-12-17 23 KUALA LUMIM R Singapore showed class and maturity to heat Selangor 2-i and become champions of the newly-inaugurated Football Association of Malaysia l nder-14 soccer final. For Singapore, this is the first Under-20 age-group success In two decades and they fully deserved credit for it.189 words
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380 1988-12-17 23 JOE DORAI - JOE DORAI KUALA LUMPUR Attendances at this year’s Merdeka tournament have hit an all-time low but the Football Association of Malaysia is not losing any sleep over it. After the first four nights of action, only 6,800 fans had been to the Merdeka380 words
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Article, Illustration297 1988-12-17 23 ALBERT JOHNSON - By ALBERT JOHNSON SINGAPORE'S top sportsmen and sportswomen were feted for their contributions at the Singapore National Olympic Council sports awards presentation ceremony at the Shangri-I-a Hotel on Monday. SNOC president Mr E.W. Barker praised them for their contributions to Singa|>ore’s sporting glory before his wife297 words
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Article, Illustration131 1988-12-17 23 WEST German Hans Pflsterer made the best use of the cool and Ideal conditions when he surprised everyone by winning the Singapore International Marathon last Sunday. About 5,111 runners from more than 21 countries took part in the 42-km run. Pflsterer, 35, ran a tactically131 words
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Article374 1988-12-17 23 J. RAJENDRAN - BADMINTON By J. RAJENDRAN ALL five Singaporeans in the Marlboro Malaysian Open badminton championships encountered the same fate yesterday defeat in the first round of the singles event. None took defeat more badly than Hamid Khan, who sat stunned in the Stadium Negara dressing room after374 words
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108 1988-12-17 24 NST. KUALA LUMPUR Officers of the Inland Revenue Department’s mobile unit have been trained in martial arts to defend themselves against tax-dodgers who resort to violence. Deputy Finance Minister Mohamed Farid Ariffin. however, said the public need not be afraid of these officers asNST. - 108 words
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Article, Illustration754 1988-12-17 24 Mrs Goh names corvette Valour “I NAME this ship Valour. May God bless her and all those who sail on her,” declared Mrs ioh hok Tong, wife of the First Deputy Prime Minister and Minister for Defence. The traditional smashing of754 words
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Page 24 Advertisements
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Advertisement7 1988-12-17 24 Nikon Tho Worid' t Finest Pbotogrgphic Syttmm7 words
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Page 24 Miscellaneous
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Miscellaneous43 1988-12-17 24 SUN TAN By Collette Tm i have oHty J^YSBLFTdBiAMcJ WMi UF£ IS A MtX.AND ITS 7 All MV FAult-i Shouu) htv€d V HAVE MAMieo A IMY. USELESS; V Qa^LAY-A-6our---s-S ’-in 0 cUI 71 a OH DONT FEEL TOo BAD I fomwe you IJ-I?43 words
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