The Straits Times : Weekly Overseas Edition, 18 February 1989
1989-02-18
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The Straits Times : Weekly Overseas Edition
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Title Section20 1989-02-18 1 The Straits Times WEEKLY OVERSEAS EDITION SATURDAY, FEBRUARY 18, 1989 Price: 551.20 (in Singapore) Elsewhere by subscription only MCI(P) 42/8/8820 words
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Article, Illustration1018 1989-02-18 1 He was never hospitalised and was seen merry-making and drinking in bars with his friends, DPP tells court LAWYER Francis Seow made seven air trips in the United States despite his claim that he was1,018 words
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814 1989-02-18 1 THERE will he a limit set on the proportion ol races in every Housing Hoard neighbourhood and every block of flats from March I. The (iovernment Is setting these limits in a move to stop the trend towards a regrouping814 words
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Page 1 Advertisements
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Advertisement78 1989-02-18 1 US private eyes bare the truth about Seow HOME New Year reunion of the Lees: Picture PAGE 2 Heart disease cases among young rising PAGE 3 PARLIAMENT REPORTS PAGES 6-7 Raja hits out at PAP's critical backbenchers PAGE 9 Beast of Bedok gets 25 years and 24 lashes PAGE 1078 words
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Advertisement13 1989-02-18 1 «W w** Y fjV i.t Peace of mind. MORE REPORTS IN PAGE 813 words
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HOME
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Article, Illustration170 1989-02-18 2 I.IkF many Chinese Singaporeans, Prime Minister l*ee Kuan Yew’s family gathered for the traditional reunion dinner on the eve of the Lunar New Year on Feb 5. Four generations of I/ees got together at the home of the Prime Minister’s «inly sister, Mrs• PICTURE RV MAZI AN BADROt - 170 words
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Article, Illustration1063 1989-02-18 2 PRIME Minister l.op Kuan Yew has urged Chinese Singaporeans to hold fast to their tradition of close family ties and retain the values that reinforce the bonds of kinship. The closely-knit family has proved over and over again to be a buffer against disaster1,063 words
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644 1989-02-18 3 SANDRA DAVIE - One in five who die of heart attack is under 55 By SANDRA DAVIE AN INCREASING number of younger Singaporeans, some in their 20s and 30s. are falling v i r t i m f o coronary heart disease. The numljer of deaths644 words
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Article, Illustration454 1989-02-18 3 On MPs attending religious functions ANOTHER Member of Parliament has stepped forward to make clear his stand on attending religious functions. For Dr Arthur Beng, MP for Fengshan and chairman of the Government Parliamentary Committee for Home Affairs and454 words
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101 1989-02-18 3 HUNDREDS of allegedly obscene as well as uncensored tapes were seized from the home of former jockey Rodney Charles Allan in May 1987. Rodney Allan. 39, brother of champion horse trainer Ivan Allan, faced two charges, one of having 49 obscene tapes and the101 words
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165 1989-02-18 3 THE days are numbered for Rasa Singapura, famous among tourists and Singaporeans for hawker fare such as carrot cake, and located conveniently near the Orchard shopping district. The Singapore Tourist Promotion Board announced last week that it wants to move to the165 words
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454 1989-02-18 3 NARENDRA AGGARWAL - By NARENDRA AGGARWAL THE Dragon Year iust gone by may have seen a bounty of babies but there was no significant rise in marriages. This latter trend could mean that the baby boom of the past two years may not be454 words
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208 1989-02-18 3 THE birth rate in the Year of the Snake may drop by m much as 21 per rent if estimates given by gynaecologists are on iarget. This prediction came from Mr Yeo Cheow Tong, Acting Minister for Health, who qualified it as208 words
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706 1989-02-18 4 CATHERINE C. ONG - Govt agency achieves five-fold increase in applications By CATHERINE C. ONG, Hongkong Correspondent HONGKONG The higher profile adopted by a Singapore government agency here has brought a fivefold increase in the number of Hongkong professionals who applied for permanent residence in the Republic last706 words
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91 1989-02-18 4 BUSINESSMAN Linn In Hua was elected for a second term as President of the Singapore Chinese Chamber of Commerce and Industry this week. The two vice-presidents of the previous council, Mr Tan Eng Joo and Mr Leong Heng Keng, were also re-elected91 words
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Article, Illustration370 1989-02-18 4 BRIGADIER-GENERAL (Res) Lee Hsien Loong has been elected to a new post of second assistant secretary-general of the People's Action Party. The Trade and Industry Minister and Second Defence Minister (Services) was elected at a meeting of the party's policy-mak-ing370 words
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152 1989-02-18 4 AMIDST the "listeria hysteria" in the West, checks on more than 200 food samples by the Ministry of the Environment here show no evidence of the bacteria. Such checks on samples, mainly cheese and milk products, have been made since 1987 No cases of152 words
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Article, Illustration459 1989-02-18 4 ALAN HUBBARD - By ALAN HUBBARD Europe Editor LONIX)N A book by Penang-born surgeon Dr Ang Swee Chai on her experiences as an angel of mercy among war victims in Lebanon is tipped to he a best-seller here459 words
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195 1989-02-18 4 SINGAPOREANS drank more, smoked more and drove away with more new cars last year, resulting in a mini-windfall for the Government's coffers. Latest official statistics show that tax revenue collected by the Customs and Excise Department shot up to $l.l billion, an all-time high.195 words
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Article50 1989-02-18 4 TWENTY new lawyers were admitted to the Bar last week by Justice Chan Sek Keong. Just over half of the 11 women and nine men are graduates of the National University of Singapore. The rest qualified as barristers at the Inns of Court in London.50 words
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Article, Illustration300 1989-02-18 8 DEPUTY Public Prosecutor Lawrence Ang on Wednesday produced two statements from the American Express charge card company as proof that Francis Seow flew across the United States. And in an obvious reference to American Express' much publicised300 words
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Article, Illustration677 1989-02-18 8 US private eyes bare the truth about ‘too-ill-to-fly-home' Seow Govt-hired investigators trailed him for almost seven weeks PRIVATE investigators engaged by the Singapore Government followed lawyer Francis Seow in the United States for more than seven weeks in De cember last year and January this year. Deputy Public Prosecutor I-awrence677 words
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270 1989-02-18 8 FRANCIS Scow's first American doctor wrote two medical reports on him when he was not licensed to practise In the state of New York, which was where the Singapore lawyer was residing at the time. Nor was the doctor licensed to270 words
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274 1989-02-18 8 CHENG BHOONG TAT and; TAN TARN HOW - Reports by CHENG BHOONG TAT and TAN TARN HOW THE High Court yesterday postponed the auction of lawyer Francis Seow's office equipment and furniture for two weeks. Within that time, Seow's lawyer. Mr V K. Dube, has to get his274 words
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Article, Illustration587 1989-02-18 9 GOVERNMENT backbenchers nave come in for criticism from former senior minister S. Rajaratnam for ihe way they handled themcives in Parliament last month lie said some of them apparently felt that they should he more critical of the Government than the opl>osition as587 words
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Article, Illustration461 1989-02-18 9 THE Economic Development Board is launching this month its second wave of hard-sell advertisements in the United States, Europe and Japan to promote Singapore as a "strategic node for global business". This follows the first series of worldwide advertisements which started last December,461 words
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93 1989-02-18 9 PRESENTING a different point of view in the same issue of Petir was Mr IJm Boon Heng, the MP for Kehun Barn and chairman of the Government Parliamentary Committee for Ijthour. Rejecting Mr Raiaralnam’s criticisms, he said: “I believe my colleagues93 words
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168 1989-02-18 9 A FACT-FINDING mission from the Ministry will he leaving for Hongkong Ami Taiwan on Hondav to look Into how pore vaiues ere transmitted there. Dr Seel Ai Mee, Minister of State for Education and Community Development, v.ill he leading the eightmemner team which168 words
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Article, Illustration253 1989-02-18 9 WEDNESDAY was a uav food writer Violet Oon wants to forget. With her husband, two children father-in-law anu two visiting relatives who were her nouseguesis. Ivls Oon. publisher ol The Food Paoer. was tied un while her home was ransacsed by robbers, reports The253 words
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266 1989-02-18 9 FOREIGN Minister Wong Kan Seng is scheduled to pay his first official visit to Moscow this year the first by a Singapore Foieign Minister in 13 years. The Soviet Ambassadoi to Singapore, Mr Anatc Drioukov, told reporters on Wednesday that the dat. for266 words
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Article, Illustration634 1989-02-18 10 Judge: Rape victims cruelly and systematically attacked A RAPIST, described as “cruel and systematic", sexually attacked some of his victims more than once before their ordeal was over, a court heard this week. Teo Kim Seng, 30, would follow the victims634 words
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268 1989-02-18 10 AIR FARES from Singapore to cities in Asia and Europe will go up by around 10 per cent from next month. The higher prices, which can add nearly $350 more to popular European destinations, come at a time when many people are268 words
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273 1989-02-18 10 DEMAND for prime residential apartments which command rentals of more than $5,000 continues to outstrip supply and has led to a lengthening “waiting list" for such apartments. And rentals are expected to rise a further 10 per cent this year, said273 words
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150 1989-02-18 10 COMMODITIES trading firm chief Norihiro Kihara, who faces 1,755 charges of cheating and criminal breach of trust, will go on trial next Jan 15. Five weeks have been set for the hearing. Kihara, 48, managing director of Futurelink Pte Ltd. is accused150 words
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Article, Illustration432 1989-02-18 10 Insider trading trial THE insider trading trial of prominent businessman Allan Ng resumed this week after a two-month break with expert evidence from a former chairman of the stock exchange called by the prosecution. Mr Ng Soo Ppng, a merchant banker and432 words
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147 1989-02-18 10 A HAWKER has come up with a new signboard for his speciality —goat's penis soup after the original one was removed by the police under the Undesirable Publications Act. Instead of using the term, "penis soup”, he now advertises his popular herbal147 words
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Article69 1989-02-18 10 THE more than 1M bnshflres last week have cast a blanket of haze over parts of Singapore. Throughout the week, the fire service was kept busy fighting the fires, bat the heat (temperatures of op to 33 degrees C) and dost have not subsided, and more69 words
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Page 5 Advertisements
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Advertisement268 1989-02-18 5 V HNJI. J me j i KAi I j I imcj yytCMi uvckocao cumwn, rconuMM The psychology of warfare is a fascinating subject. In the heat of battle, mens mincis are often pushed to the very limit. ’Yet it is out of this cauldron of action that great men often268 words
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PARLIAMENT
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Article, Illustration984 1989-02-18 6 Important that implementation is ‘absolutely fair to all races’ New measures to prevent racial enclaves HOW were the new racial limits arrived at? Dr Wang kai Yuen (Buklt Timah) THE racial composition of tno population was one factor. The more984 words
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Article, Illustration193 1989-02-18 6 RACIAL congregations havenot reached crisis proportions but there arc clear signs that certain areas attract residents of a particular race NEW FLATS: More Chinese applied for new flats in the Ang Mo Kio/Hougang zone, while proportionately more Malays applied for193 words
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Article82 1989-02-18 6 THE health Ministry has no plans to extend the use of Medisave funds for annual medical check-ups. Acting Health Minister Yeo Cheow Tong said this on Thursday in reply to Mr Leong Horn Kee (Thomson). Since Medisave started in *****4, its use has been extended beyond82 words
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Article, Illustration946 1989-02-18 7 Decision of threejudge Singapore court will be final House passes Legal Profession (Amendment) Bill LAWYERS faring disciplinary proceedings can no longer appeal to London's Privy Council after their case has been heard bv a three-judge court here. For those who are946 words
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605 1989-02-18 7 SINGAPORE is to have a new category of lawyers, known as Senior Counsel, who will be the local equivalent of Britain’s Queen's Counsel, Professor S. Jayakumar said yesterday. Senior Counsel, the Home Affairs and Law Minister told Parliament,605 words
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425 1989-02-18 7 FIVE Singapore lawyers, disbarred after disciplinary action by the I>aw Society, were reinstated when they won their appeals to the Privy Council, Mr Chiam See Tong (Potong Pasir) said yesterday. This overturning of the Singapore courts’ decisions argued425 words
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142 1989-02-18 7 THE Government is considering lifting the prohibition against jndges practising law after they retire or leave the bench, the Minister for Law and Home Affairs, Professor S. Jayakumar said yesterday. Disclosing this during debate on the Legal Profession (Amendment) Bill, he noted142 words
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across the CAUSEWAY
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Article, Illustration485 1989-02-18 11 Kalimullah Hassan - ‘Mahathir will be back at the helm in two months’ By Kalimullah Hassan KUALA LUMPUR Deputy Prime Minister Ghafar Baba has dismissed speculation of a succession struggle in Malaysia and says Datuk Seri Dr Mahathir Mohamad will be back at the helm when he485 words
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182 1989-02-18 11 KUANTAN New Umno Youth leader Datuk Najib Razak said there are ‘positive indications’’ that former Foreign Minister Datuk Rais Yatim will join New Umno soon, The Star newspaper reported. ‘‘l have been informed by New Umno Youth executive council members that Datuk Rais182 words
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Article55 1989-02-18 11 KUALA LUMPUR Some 1,052,308 people have joined New Umno as of last Monday, exactly a year after the registration of the party. New Umno Secretary-Gen-eral Datuk Mohamed Kahmat said they comprised 79.32 per cent of the 1,326,(27 members that the old Umno had before it was declared unlawful55 words
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58 1989-02-18 11 PKTALING JAYA Former Prime Minister Tun Hussein Onn has said he will join New Umno once all former Umno members are united under the party banner. He said he woald stay neutral for the moment and play the role of mediator58 words
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Article230 1989-02-18 11 PENANG Former trade and industry minister Tengku Razaleigh Hamzah said the Spirit of '46 group would not be affected by former Deputy Prime Minister Datuk Musa Hitam’s decision to join New Umno, The Star reported. He wished Datuk Musa “good luck” and said his group would230 words
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218 1989-02-18 11 KUCHING ’’’he High Court here yesterday allowed an application by former Sarawak head of state and chief minister Tun Abdul Rahman Yaakub to withdraw his libel suit against a national Chinese newspaper. The High Court judge, Mr Haidar Mohamad, ordered Tun Rahman, who cited health218 words
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Article, Illustration237 1989-02-18 11 NST KUALA LUMPUR Mr Mah Hassan Omar. 28, lost his eyesight when he was six but that did not deter him from becoming Malaysia's first blind lawyer. He was admitted to the Bar last Saturday. High Court judge Datuk Mohamed Eusoff Chin congratulated himNST; tly Into the future. — NST pietore. - 237 words
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328 1989-02-18 11 Bernama, NST. KUALA LUMPUR The Chief Executive and Assistant General Manager of the Co-operative Central Bank (CCB) were separately charged in the Sessions Court here on Tuesday with committing criminal breach of trust of about Ms2o million (Ssl3 million). S. Periasamy,Bernama,; NST. - 328 words
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Article47 1989-02-18 11 KUALA LUMPUR Four degrees of the Tunku Abdul Rahman College will be accorded government recognition, the Chinese language daily Sin Chew Jit Poh reported yesterday. It is understood that the four degrees are for business administration, business accounting, computer and computer accounting.47 words
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77 1989-02-18 11 NST. KUALA LUMPUR The case of two ministry seeretarles-general investigated for corruption by the Antl-Uorrup-tlon Agency has been referred to the Attornev•General, ACA directorgeneral Zulkifli Mahmood said. He said investigations had been completed and it was now up toNST. - 77 words
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COMMENT/ Pick of the week’s editorials
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Article651 1989-02-18 12 FEB 18. 1989 THERE seems to be no limit to the political madness of Iranian leader Ayatollah Khomeini. In the 10 years since his return to Iran, he has in his efforts to export his radical brand of Islam seen fit not only to incur the enmity651 words
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Article609 1989-02-18 12 FFB 17 1989 CONSIDER that paragon of humankind, the mother A mother is revered in all major cultures and religioas. and rightly so. Yet a mother is a woman, who plans and dreams...and works And therein lies the conflict that characterises the position of so many mothers609 words
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Article664 1989-02-18 12 FEB 16 1989 YOU have got to be hard-hearted not to support helping the handicapped, so what can there possibly be but approval for the report by the Advisory Council on the Disabled released last week 0 The most compassionate of human hearts that so naturally664 words
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608 1989-02-18 12 REFLECTIONS Reflections on the Lunar New Year: its Past, Present and Future. For several centuries, the Lunar New Year has steadfastly remained the most important festival to the Chinese in China whether they be Taoists, Confueianists, Buddhists or Muslims (yes, Muslims, following the608 words
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Article208 1989-02-18 12 “If a Malay becomes a Christian, he feels he has altered his sense of Identity. If an Indian changes his religion, he feels he has ceased to be an Indian. But a Chinese can change religion without In any sense feeling that he Is less Chinese. He remains208 words
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COMMENT/ Perspective
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Article, Illustration2089 1989-02-18 13 Ismail Kassim - Mahathir too much a fighter to quit Not like him to leave unresolved problems to his successor Rapid recovery after heart bypass surgery clears up leadership uncertainties By Ismail Kassim of the Foreign Desk Kuala lumpur The rapid progress made by Prime Minister Datuk Seri Dr Mahathir Mohamad after his2,089 words
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Article, Illustration252 1989-02-18 13 The Musa factor THE return of former Deputy Prime Minister Datuk Musa Hitam to New Umno two weeks ago is likely to lead to adjustments in the power alignments. While the position of Prime Minister Datuk Seri Dr Mahathir Mohamad may be strengthened, rivalries252 words
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CAUSEWAY/ ASEAN
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292 1989-02-18 14 NST. PENANG Education Minister Anwar Ibrahim disclosed last week that he had allowed the \nti-( orruption \gency %CA) to carry out checks on his house at Kukit Damansara in Kuala Lumpur over allegations that he had received bribes. rhev carried out a thoroughNST. - 292 words
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Article, Illustration494 1989-02-18 14 ISMAIL KASSIM - NECC meets on New Economic Policy By ISMAIL KASSIM KUAI.A LUMPUR Lack of data on how much had boon achieved under the New Economic Policy (NEP) in bringing about socio-economic parity among the races was the main problem brought up at the494 words
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Article78 1989-02-18 14 KOALA LUMPI'R Five working groups, including one on data standardisation, were .set up by the National Economic Consultative Council at the end of its second plenary session. The NECC will now move into the second phase of its work to formulate a post-1990 policy to78 words
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221 1989-02-18 14 Bernama. KUANTAN Muslims in Pahang will have to face a compulsory interview to get a marriage permit. According to Mr Mustapha Hussein, the Kuantan kadi (a religious official), questions in the interview would be related >o marriage, prayers and the MuslimBernama. - 221 words
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Article, Illustration404 1989-02-18 14 AFP, AP BANGKOK Thai Prime Minister Chatichai Choonhavan has rejected accusations by Cambodian resistance leader Prince Norodom Sihanouk that Phnom Penh Premier Hun Sen’s recent visit here had helped legitimist' the pro-Vietnam-ese regime in Cambodia. General Chatichai, telling journalists he had “neverAFP,; AP - 404 words
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159 1989-02-18 14 AFP BANGKOK Eight Thais, including six Buddhist monks, were arrested in a nationwide sweep in Thailand on Monday and charged with forging royal decorations, state-run television reported. Police were investigating 428 Buddhist temples suspected of counterfeiting the cherished royal decorations normally bestowedAFP - 159 words
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128 1989-02-18 14 Agencies. JAKARTA The former Indonesian ambassador to Tanzania has been fired from the foreign service for attempting to smuggle ivory, the Foreign Ministry said. In a statement, the ministry said Husein Joesoef, who had been with the service for 32 years, hadAgencies. - 128 words
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211 1989-02-18 14 AFP. JAKARTA Clashes between Muslim fundamentalists and Indonesian troops, which left 32 people dead last week, are unlikely to provoke reaction elsewhere in this predominantly Muslim country, officials and diplomats said here. "We don’t expect any further outbreak of violence, as the group wasAFP. - 211 words
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TIME$
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493 1989-02-18 15 LIM ENG HAI - By LIM ENG HAI STRAITS Steamship Company, which made news last week with plans to float its shipping and distribution unit, this week announced a 41-per cent rise in last year’s group pre-tax profit t0524.1l million. Group attributable profit jumped a493 words
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308 1989-02-18 15 MBT KUALA LUMPUR Berjaya Corporation and Sports Toto are considering making a general offer for SSMC Inc. a public-listed company in the US which distributes the “Singer” brand of consumer appliances. Berjaya and Sports Toto said lasi week that their respectiveMBT - 308 words
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325 1989-02-18 15 ONG MING SEING - By ONG MING SEING: Washington Correspondent WASHINGTON A major Washington think-tank has urged the Bush administration to make a Free Trade Area (FTA) agreement with Singapore. The Heritage Foundation said Singapore’s small, manageable size and large number of US-owned multinational corporations would make325 words
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Article, Illustration533 1989-02-18 15 Catherine C. Ong - By Catherine C. Ong, Hongkong Correspondent HONGKONG A son of Hongkong banker and property developer Deacon Chiu was charged in court last week with conspiring with his father and others to falsify the accounts of the Far East Bank533 words
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307 1989-02-18 15 THE number of hotel rooms in Singapore is set to receive a significant boost with a pipeline of 4,285 new rooms from hotel projects already approved. As of end-September last year, there were 24,100 hotel rooms. Data released this week by the Ministry307 words
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Article4711 1989-02-18 16 TRANSACTION DATE: FEB 17, 89 Gr’a 1989/89 Tel Last Y'ld Vol Day Laat Quota High Low Code Company Sale or- row» High Low Buyer Sellar SECTION ONE INDUSTRIAL COMMERCIAL >62 95 t '000 Acma 137 unch 0 7 30 138 137 136 137 35 42 100’4,711 words
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Article58 1989-02-18 17 THE day-to-day ST Industrial indices and daily turnover for the week: MONDAY: 1,139.76 points (down 16.34); 76.3 m units (value $115m); TUESDAY: 1,126.17 points (down 19.53); 52.1 m units (value $162.6m); WEDNESDAY: 1,122.56 (up 2.39); 53.1 m units ($887.8m); THURSDAY: 1,129.83 (up 7.27); 50.1 m units <sM.9m);58 words
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Article70 1989-02-18 17 Rubber Closing prices cents/kilo Singapore March ?11.00 cents down six rents Malaysia March 308 SO cents down 50 cents Tin Closing prices M$/kilo KL Tin Turnover 21.53 up nine cents 55 tonnes down two tonnes Palm oil Crude palm oil MS tonne February 960 (south) March 960 (south)70 words
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Article56 1989-02-18 17 THE New Straits Times Index fell 23.05 to 1,961.89 points on the week. MONDAY: 1,675.49 points (down 9.15); 35.38 m units (value M548.58m); TUESDAY: 1,903.67 (down 11.82); 27.09 m units (M541.71m); WEDNESDAY: 1,968.21 (up 1.57); 22.19 m units <Ms36.lm); THURSDAY: 1,968.24 (unchanged; 27.27 m units (M542.15m); FRIDAY: 1,961.8956 words
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Article47 1989-02-18 17 THE Hongkong Hang Seng Index plunged 77.91 points to 3,106.25 point:: on the MONDAY: 3,153.73 points (down 30.43); turnover lIKSIJ billion; TUESDAY: 3,099.97 (down 53.76); HK$l.9 billion; WEDNESDAY: 3,100.87 (up 9.99); 11K51.79 billion; THURSDAY: 3,981.14 (down 19.73); HK91.69 billion; FRIDAY: 3,106.25 (up 25.11); HK91.76 billion.47 words
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353 1989-02-18 17 TWO days of sharp falls in prices on Monday and Tuesday, which saw the Straits Times Industrial Index giving up almost 36 points, halted the post-Lunar New Year rally on the Singapore stock market. But a see-saw session on Wednesday checked the slide353 words
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Article372 1989-02-18 17 Feb 17 hk: Chanfr A*»oc lot) Hotel» 3 42s 0 125 Bonk Ot £o»t A»m 21 50 unch Capitol Cotp »u»p Cathay Pacific Aw 980 0 1 Cheung Kong 1030 unch Chino Light 1490 unch City Re»ource» 0 94 -001 Cro»» Horb Tunnei 15 10 0 1372 words
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164 1989-02-18 17 Counter rates Singapore dollars to one unit of foreign currency Foreign Currency Buying OD Selling US dollar l 9090 1 9270 Sterling pound 3.3781 3 4301 Australian dollar 1.5590 1.6187 Canadian dollar l 6068 1 6337 NZ dollar 1.1556 1 1890 Singapore dollars to164 words
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397 1989-02-18 18 But their buying power is lower IN CASH terms, Singapore executives are among the highest-paid in Asia, according to a recent survey by Business International SA. But after accounting for living costs, the Hongkong-based management information firm found the effective purchasing397 words
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Article276 1989-02-18 18 Managers' prices (5) for February 18 20 Singapore Unit trust Tin» Commerce iO3 109 ’tie Savings fund 0 91 -0% T’pOie Pfa? i iod 040 044 S'port Sec f uno C 68* 0 /3 S'pitjre Invest Fund 0/3 078 SpCfe tQuity Fund 049 093 Asia Unit Trust Mai276 words
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321 1989-02-18 18 THE Shakey’s Pizza chain in the United States and Canada has come into the fold of Singapore-listed In-no-Pacific Holdings at a cost of US$3.O9 million i 555.99 million). This means the company, formerly known as Kentucky Fried Chicken (Singapore) Ltd, now controls the Shakey’s Pizza321 words
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Article173 1989-02-18 18 NOT. HONGKONG Former Carrlan bom George Tan was ordered last week to reveal the identity of the person who holds fonr Swim hank accounts containing US$49 million (Ss79 million) from Bumlpntra Malaysia Finance (BMF). The Coart of Appeal also told him to dlseloae In– NOT. - 173 words
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Article852 1989-02-18 18 Week ended Feb 10. Compiled by Business Times. Final Results Gross Group net Year to Company dividend profit/loss 000) NST 18(17) M$25.241 ($11,920) Aug 88 S P H 25 (25) $88,933 ($91,167) Aug 88 Wearnes 16 (17) $14,980 ($9,610) Sept 88 Duft Bhd VI$4.?64LCompiled by Business Times. - 852 words
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Article, Illustration581 1989-02-18 19 CATHERINE C. ONG - Present downturn in share prices ‘temporary" By CATHERINE C. ONG Hongkong Correspondent HONGKONG The Singapore stock market could go up by 20 per cent this year and the present downturn in prices is “temporary” in nature, a senior officer of581 words
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Article88 1989-02-18 19 TRADING in Singapore Press Holdings Ltd 'SPH) will be suspended next 'l ues day until further notice. This will maintain an orderly market in connection with the demerger of Times Publishing Ltd and facilitate shareholders’ entitlements to Times Publishing shares Books close or March 388 words
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Article187 1989-02-18 19 HONGKONG Listed Dairy Farm International Holdings Ltd wili buy Jardine Pacific’s 7-Eleven convenience store businesses in Hongkong, Singapore and Malaysia. The total consideration tor the 352 stores will be HK$4 .O million <*****.32 million), the company said in a statement Dairy Farm is 40187 words
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Article326 1989-02-18 19 A FINANCIAL incentive to encourage manufacturing companies to automate will be introduced by the Economic Development Board later this year. The incentive is aimed at encouraging companies, especially multinational corporations, to design their products to be made here using automated processes, said Mr Cheng Chit,326 words
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144 1989-02-18 19 IN A move which caught the Malaysian stockbroking community by surprise, Yew Securities Sdn Bhd, an Ipoh-based broker, has suspended Its operations. No reasons were given when the firm announced its action after the close of trading on Feb 3. A Kuala Lumpur Stock Exchange spokesman144 words
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338 1989-02-18 19 NEW TAX breaks aimed at promoting the fund management industry and Singapore as a financial centre have been granted to both public and private investment holding companies. Valid for taxes payable last year, the new deductions given by the Inland Revenue Department (IRD)338 words
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Article89 1989-02-18 19 Company RIGHTS ISSUE General Coro $49 704 936 norm no omoun' o* 8 Co«v*’iibt* Uniocurod loo« Slock 1966/93 on Com ol \i nominal omooni o* loon «lock» lor 0*ory 5 GC8 thorat o' SI nor" o' $2 nominal omovn* ol CUlS *****73 (o' ovory V SO nominal omooni89 words
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Article360 1989-02-18 19 Componv RIGHTS ISSUE Hmriovo Corpr On* tor-on* ff V Oli po' n*' snor* C 1 Holdings V million ioon «locks in the rono ol $d loon nad lo' every live ordmo < shores n*i'l Coutewoy Inv ism* o* V 252.937 nominal omouni ol t>% loon Slock 198 9/9«360 words
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Article56 1989-02-18 19 OVERSEA-CHINESE Banking Corporation will be making an unconditional otter for all the shares it does not already own in Bank of Singapore (Australia) Ltd The offer, which is expected to be made on Feb 23, will be All (511.67) per share, valid for one month56 words
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Article21 1989-02-18 19 cp,6.5 THE Net Tangible Asset Value for the Thai Prime Fund Limited on Feb 10 was USSIO.O9 a share21 words
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FORUM
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445 1989-02-18 20 THE Government has always openly declared its firm belief in the policy that the ends justify the meaas and so far, the majority of the population seems quite happy with this policy. However, the recent Bill to introduce mandatory caning for illegal immigrants has caused445 words
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207 1989-02-18 20 1 REFER to reports on the debates on the Immigration (Amendment i Bill. The problem of overstaying or illegal immigrants lies not with the immigrants who come in search of employment. It lies with the employers who are evading the foreign workers’ levy.207 words
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374 1989-02-18 20 -1 REFER to the letter bv Dr Teo Keng Seng (ST, Feb 2). Dr Teo feels that the Government, in accepting the Attorney-General’s advice on the judgment of the Privy Council, runs the risk of being seen to set374 words
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Advertisement241 1989-02-18 20 The Straits Times 03 Now. keeping in *T T”- TT. touch with what's happening in Singapore couldn t be easier. Or more economical. Because ail the maior news of everv week is condensed into one paoer. The Straits Times Weekly Overseas Edition. Printed on lightweight paper in convenient tabloid size,241 words
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Advertisement97 1989-02-18 20 Dear Overseas Readers THE Straits Times welcomes letters from you. Your letters must includo 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 would97 words
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Advertisement859 1989-02-18 21 APPOINTMENTS The Singapore that you remember and think you know might not be the Singapore that is now renowned internationally as one of the leading business and industrial hubs of the Asia Pacific region. Singapore is home to major multi-nationals and financial institutions and electronic giants who have made it859 words
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Advertisement910 1989-02-18 22 APPOINTMENTS TO ALL GRADUATING STUDENTS IN THE US AND CANADA JOB OPPORTUNITIES IN SINGAPORE Responses to our advertisements in the Straits Times Weekly Overseas Edition on job opportunities in Singapore have been encouraging. Interviews with shortlisted candidates will be held at the following locations on the dates mentioned: TORONTO 13910 words
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TIMESPORT
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Article, Illustration449 1989-02-18 23 JOE DORAI - By JOE DORAI He'll coach Young Lions for a year FORMER Singapore coach Jita Singh has accepted a Football Association of Singapore offer to take charge of the national soccer team for a year Jita, 41. decided to take on449 words
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279 1989-02-18 23 Shirlynn Ho - TENNIS by Shirlynn Ho FOUR of Singapore's top juniors have been given a golden chance to take the first steps towards the international tennis bigtime. They have been selected to compete in the inaugural Prince Asian circuit as part of the new279 words
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Advertisement746 1989-02-18 23 rAUC <3 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' Tlx MA ***** Fax: 03 *****34 U.K.: Mr John Armour/Mr R Ramesh The Straits Times Press (London) Ltd 102-106746 words
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Article, Illustration542 1989-02-18 24 BRENDAN PEREIRA - By BRENDAN PEREIRA Suspect captured within two hours of shooting A (JANCJSTER who snatched a jHiliceman’s gun and shot him in the head was wounded and captured within two hours of a shootout with police in Tampines NewPicture by MAZI.AN HADRON. - 542 words
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392 1989-02-18 24 TAN LIAN CHOO - By TAN LIAN CHOO, Bangkok Correspondent BANGKOK Thai Deputy Interior Minister Wattana Assawahem has called for dialogue with Singapore to discuss ways of "legitimising" the illegal flow of Thai immigrants to the Republic. Mr Wattana, whose ministerial duties include overseeing labour matters, said Singapore392 words
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Article19 1989-02-18 24 KUALA LUMPUR Former Prime Minister Tunku Abdul Rahman celebrated his 86th birthday on Wednesday last week.19 words
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Advertisement6 1989-02-18 24 Nikon Tho World't Flnttt Photogr§pf*k r6 words
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