The Straits Times : Weekly Overseas Edition, 15 July 1989

Total Pages: 24
1 24 The Straits Times : Weekly Overseas Edition
  • 20 1 The Straits Times WEEKLY OVERSEAS EDITION SATURDAY, JULY 15, 1989 Price: 551.20 (in Singapore) Elsewhere by subscription only MCI(P) 42/8/88
    20 words
  • 719 1  -  By CATHERINE C. ONG Hongkong Coprrespondent HONGKONG More than 20,000 Hongkongers besieged a Singapore booth on Wednesday to take advantage of relaxed immigration rules, forcing police to intervene and stop the distribution of application forms for safety reasons. There was
    AFP picture.  -  719 words
  • 883 1 New policy to apply to all countries; 5-year PR approval for HK applicants THE Government has decided to relax immigration controls in order to attract talented people from all countries to Singapore. It has liberalised the rules to draw the kind of people the economy
    883 words
  • 135 1 PRIME Minister Lee Kuan Yew will remain In Cabinet as a minister alter he steps down, Mr (ioh Chok Tong told Parliament on Tuesday. The First Deputy Prime Minister said there was no change to the view he conveyed
    135 words
  • 217 1 SINGAPORE’S multi-mil-lion dollar investments in China’s hotel and tourist sectors have been hit by the bloody military crackdown on the student movement there, Parliament heard this week. In the first official assessment of how Singapore’s investments had been affected by recent events in China,
    217 words
  • Page 1 Advertisements
    • 59 1 Scheme can absorb 100,000 people Srom HK Page 2 INSIDE PM homes in on current regional concerns PAGE 12 HOME HDB’s massive plan to turn old estates into quality precincts PAGE 4 Govt considering final amnesty for all overstayers PAGE 7 CAUSEWAY Ghafar urgaa Chinese: Don’t amigrata PAGE 10 TIMESDOLLAR
      59 words
    • 10 1 3iba <uotn 5 M JO*» HI Membership has its privileges'
      10 words

  • NEWS FOCUS
    • 718 2  -  Singapore’s new liberal immigration policy By CATHERINE C. ONG Hongkong Correspondent HONGKONG Singapore will allow as many as 100.000 Hongkong residents to emigrate to the Republic within the next five to eight years under a new liberal immigration scheme which
      718 words
    • 621 2  -  CATHERINE C. ONG. HONGKONG The big crush for Singapore emigration application forms by Hongkongers received wide publicity in the local media, but editorial views on the Republic’s new scheme to attract immigrants were mixed. The story of thousands of residents mobbing
      621 words
    • 150 2 BOTH the Singapore Manufacturers’ Association and the Singapore Chinese Chamber of Commerce and Industry have welcomed the Government’s efforts to attract more of Hongkong’s skilled workers and businessmen here. They said in statements issued in the evening that the new rules would
      150 words
    • 367 2 TOP Singapore bankers are hoping that the easing of immigration controls will bring in some of Hongkong's banking talent to Singapore. Chief executives say this may be the solution to the current shortage of experienced staff in the middle to senior management
      367 words
    • 72 2 KUALA LUMPUR The Singapore High Commission here received about N calls In the first two days after Hie Republic new Immigration policy was announced, mainly from Malaysians, asking about applications for permanent residence In the Republic. A High Commission spokesman said some calls
      72 words

  • HOME
    • 557 3 TWO major factors will decide how long China will face a slowdown in investments and trade as a result of the recent turmoil there, Prime Minister Lee Kuan Yew told a Japanese newspaper, Nihon Keizai Shimbun. These
      557 words
    • 679 3 BANDAR SERI BEGAWAN The US Ambassa-dor-designate to Singapore, Mr Robert Orr, has said he will use his "governor’s network” to promote economic relations between the two countries. In an interview with the Singapore press here last week, the former Indiana Governor said
      679 words
    • 96 3 SIX teenagers were charged in a district court on Monday with the murder of a technician. The six, Shanker Channa Tambi, 18, V. S. Naresh Kumar, 17, Sri Raja Ayyakkanu, 16, Murugan Vasudevan, 16, Karnahinthi Somu, 16, and a 15-year-old, are alleged to have murdered
      96 words
    • 149 3 BANDAR SERI BEGAWAN Prime Minister Lee Kuan Yew enjoys the goodwill of a large number of very Important people In the United States, US Ambassador-designate to Singapore, Mr Robert Orr, said here last week. In an Interview with the Singapore
      149 words
    • 499 3 Business Times. THE 136-year-old Singapore Cricket Club at the Padang, once the symbol of colonialism and local cricket but since transformed into a modern recreational club, is facing a power struggle. A group of 49 members of the prestigious club, which
      Business Times.  -  499 words
    • 184 3 MOTORISTS with earphones have been urged by police to help them monitor traffic flow. The first appeal went on the air last week over radio when motorists with earphones were asked to call the Traffic Police if they had been caught in
      184 words
    • 146 3 THE Government intends extending the Criminal Law (Temporary Provisions) Act, which provides for detention without trial, for another five years. The Criminal Law (Temporary Provisions) (Amendment) Bill, which had its first reading in Parliament on Tuesday, seeks to extend the Act which will otherwise
      146 words
    • Parliament
    • 252 4 IT IS much cheaper to post a letter, send a telex or make an overseas call in Singapore than is the case in many other countries, Communications and Information Minister Yeo Ning Hong told Parliament. He added that the July 1 adjustments
      252 words
    • 84 4 PARLIAMENT passed a Bill to give effect to increases In the salaries of the Chief Justice and other High Court judges, which were announced by First Deputy Prime Minister Goh Chok Tong in March this year. With the passing of the Judges' Remu- neration
      84 words
    • 436 4 THE Education Ministry fell short of its target for recruiting new teachers this year, Senior Minister of State (Education) Tay Eng Soon said told the House. The ministry attracted 789 recruits, but this was still 160 below target. Not everyone who
      436 words
    • 668 5 Parliament (cont’d) ANYONE who knowingly gives false or misleading information to the Corrupt Practices Investigation Bureau (CPIB) will now face stiffer punishment. This follows passage in Parliament on Tuesday of a Bill amending the Prevention of Corruption Act to give it more
      668 words
    • 534 5  -  More have higher balance in account and can choose health services By SERENA TOH MEDISAVE has eased the burden of paying hospital bills and has enabled people to choose between private and public health services. Acting Health Minister Yeo Cheow Tong, speaking at
      534 words
    • 302 5 SINGAPORE is on the right track when it comes to health care, said a leading authority on health economics. Speaking at a seminar last week on Economic Issues in Health Care, Professor Uwe E. Reinhart, 50, of Princeton University, said it
      302 words
    • 102 5 THE Singapore Mint is releasing two coin sets this month the 1989 Sterling Silver Proof Coin Set and the Uncirculated Mint Set. Mintage is set at 100,000 for worldwide release. An uncirculated set costs $6.50 while a sterling silver proof set
      102 words
    • 251 5 Amber Point sales THE KUOK group has admitted that it made a mistake in contracting to sell apartments in the Amber Point condominium project before the building plan. But Vermilio Investment, a Kuok subsidiary developing the 100-unit Katong project, said they would
      251 words
    • 252 5  -  ALAN HUBBARD. LONDON The Singapore Youth Choir has followed up its triumph in a major international musical festival in Wales, where it won the youth section, by becoming runners-up in the main open competition. It also finished off a successful week by finishing
      252 words
    • 842 6  -  Public hearing on teaching of religious knowledge By Bertha Henson and Zuraidah Ibrahim RELIGIOUS Knowledge should be kept in one form or another as part of the school curriculum, several people told the Government Parliamentary Committee on Education last week. GPC chairman Tan
      842 words
    • 305 6 SEVERAL hundred people were turned away from a forum on human sexuality on Thursday. But more than 1,200 people did get into the conference. although many had to stand in the corridors of the Westin Stamford Ballroom where it was held. The
      305 words
    • 64 6 POLICE are anxious to contact a former bank teller who jumped court ball In connection with two cases of criminal breach of trust. Mardlana blntl Sahlrln, 24 (above), is wanted In connection with CRT Involving about $510,849 from some of her former employer’s clients’
      64 words
    • 291 6 MEET Jimmy Prabhakara Quek and Khantiwara Soh. They are just two of many Singaporeans with Buddhist-inspired Pali names. Departing from the previous rage of adopting names after pop or screen idols, both the young and old nowadays are adopting these distinctive but meaningful names.
      291 words
    • 383 6  -  By ANNE CHAN DURIANS and alcohol could they be a fatal combination? Traditional Chinese folklore has it that such a mixture can be lethal. And even modern medical experts are unsure about the validity of the legendary claims about the effects
      383 words
    • 221 6 A SINGAPORE labour delegation headed by Mr Ong Teng Cheong, which is now visiting Moscow, has been invited to study how Soviet trade unions organise and run their holiday resorts. Mr Stephan A. Shalayev, chairman of the Soviet Union’s All-Union Central
      221 words
    • 558 7  - Govt studying once-and-for-all solution, says Kan Seng Illegal foreign workers By BERTHA HENSON THE Government is considering granting a “final" amnesty to all illegal foreign workers still in Singapore, Foreign Affairs Minister Wong Kan Seng told Parliament on Tuesday. But it cannot intervene on behalf of Thai national Somkid Kamjan,
      558 words
    • 227 7 AN international seminar on the teaching of Chinese will he held in Singapore at the end of the year. The seminar, which took three years to plan, will bring together Chinese language researchers and teachers from all over the world
      227 words
    • 558 7  -  By SERENA TOH SINGAPORE will set up the first modem eye bank in South-east Asia next year with facilities for cornea grafting and to provide cornea material to correct short and long-sightedness. But the
      558 words
    • 110 7 THE Peranakan Wedding Show will make its first appearance in Taiwan next month. The 20-minute show will be part of the Singapore Food Festival, jointly organised by the Singapore Tourist Promotion Board and Singapore Airlines, from Aug 9 to 15. Peranakan Place is looking for
      110 words
    • 131 7 LOCAL judo lost one of its more accomplished practitioners when Manmohan Singh died last week after a prolonged illness. He was 38. Manmohan, an army captain, won a silver medal in the light-heavyweight class in the 1973 South-east Asian Peninsular Games in Singapore. He
      131 words
    • 197 7  -  year. ALAN HUBBARD. LONDON Seven polytechnic students from Singapore have won firstclass honours degrees in Mechanical and Process Engineering in this year’s finals at Sheffield University in the United Kingdom. All have been studying at the university as part of the
      197 words
    • 76 7 THE gasworks in Kallang will be moved from its present site within the next 10 years as part of the Government’s plan to re-develop the area, Environment Minister Ahmad Mattar told Parliament on Tuesday in reply to Mr Loh Meng See (Kampong Glam). He assured Mr Loh
      76 words
    • 402 8  -  By, DOMINIC NATHAN SINGAPOREANS will toast the good life here this National Day with a daylight spectacular at the National Stadium. “A whole new concept has been adopted for this year’s parade,” said Lt-Colonel Stephen Wong, chairman of the executive committee of the
      402 words
    • 564 8 Banker’s murder: Jailed wife testifies A WOMAN, who plotted her unfaithful banker husband's death, told a murder trial that if only he had been “nice" to her the night he returned
      564 words
    • 142 8 Man gambled away all but $1.35 then jumps to death A SINGAPOREAN, who apparently gambled away all the money his family had raised for his airfare to Britain, was found dead at the foot of a Genting Highlands hotel last Saturday. The man, identified by Malaysian police as Mr Ho
      142 words
    • 208 8 SINGAPORE Airlines fire officer Rasiah Thiagarajah, 52, was elected president of the National Solidarity Party at its first biennial party congress on Sunday. The former party secre-tary-general replaced outgoing president Kum Teng Hock in the party election. Party vice-president Tan Chee Kien
      208 words
    • 272 8  -  By BRENDAN PEREIRA POLICE were called in on Monday night to restore order after things threatened to get out of hand at an extraordinary general meeting of the Nee Soon Christian Church. A church member, apprehensive that the shouting and accusations being
      272 words






  • across the CAUSEWAY
    • 166 9 ““•n AP, NST PENANG Five brothers have taken their wedding vows simultaneously in a “mini mass wedding” before 1,000 guests. The Shanmugam brothers Gopalakrishnan, 35; Rajentiran, 31; Klilvijayan, 33; Claganathan, 31; and Yijainthiran Filial, 29 ended their bachelorhoods in a joint wedding eeremony
      ““•n – . – AP,; NST; NST picture.  -  166 words
    • 335 9 BUKIT MERTAJAM The opposition Democratic Action Party (DAP) has admitted it is losing Chinese support to the Malaysian Chinese Association (MCA) and is worried about a repeat of the 1982 general election in which it won only a small
      335 words
    • 138 9 KUALA LUMPUR The Malaysian soldier detained for questioning by the Namibian police for allegedly trying to chip off a piece of the world’s largest known meteorite has been released, a Malaysian Defence Ministry spokesman said. The soldier, who was serving with the United
      138 words
    • 335 9 SERDANG (Selangor) Three final-year students of the Universiti Pertanian Malaysia (UPM) have been expelled while two others have been suspended for ragging six freshmen, a university official said. “The seniors tied the penis of each freshie with a string to a
      335 words
    • 80 9 NST. KUALA LUMPUR About 2, Ml students have been identified as hard-core drug addicts since 1985, Deputy Home Minister Datuk Megat Junid Megat Ayob said. Datuk Megat Junid, who Ls president of the National .Association for the Prevention of Dadah (Pemadam), said
      – NST.  -  80 words
    • 292 9 KUALA LUMPUR University courses are being modified so that future graduates will be more suited to the needs of the job market, Education Minister Anwar Ibrahim said. The exercise is based on feedback from companies in the private sector, The
      292 words
    • 134 9 KUALA LUMPUR There are 16,170 Malay students studying in Chinese primary schools, the Nanyang Siang Pau newspaper quoted Deputy Education Minister Woon See Chin as saying. Another 192 are studying in Tamil primary schools. These Malay students would continue their studies at na- tional secondary
      134 words
    • 83 9 NST. KUANTAN A Malaysian daily newspaper caused confusion among ticket-holders and vendors when it published the wrong Social Welfare Lottery results on Wednesday. The Utusan Malaysia printed the results of the March draw in Wednesday’s east coast edition, which was distributed in Kelantan, Trengganu and
      – NST.  -  83 words
    • 41 9 KUALA LUMPUR Malaysia’s consumer price index in the first five months of this year rose by 3.4 per cent compared with the corresponding period of iast year, the Statistics Department said. Bernama. tics Department said. Bernama.
      tics Department said. Bernama.  -  41 words

  • CAUSEWAY/ASEAN
    • 664 10 ‘They should spare a thought for the less fortunate’ KUALA LUMPUR Deputy Prime Minister Ghafar Baba has advised Chinese in Malaysia not to emigrate. saying that they should spare a thought for the less fortunate members of their community. “Although they have the right to
      664 words
    • 108 10 Bernama. KIANTAN Many Malaysian Chinese students overseas have been misled by certain groups which gave them wrong information on the country, MCA organising secretary Chan Kong Choy has said. He noted that the students were told, among other things, that Malaysia faced racial problems. Mr Chan
      Bernama.  -  108 words
    • 35 10 -NST. KUALA LUMPUR A weekend visit to the Genting Highlands casino made a Sarawak businessman identified only as “Mr Khoo” richer by M 5717,000 (*****.900) when he won the jackpot. NST.
      -NST.  -  35 words
    • 320 10 Bernama. KUALA LUMPUR Education Minister Anwar Ibrahim has denied that the withdrawal of full recognition for the University of Malaya’s medical degree by the British General Medical Council was politically motivated. The action had no connection at all with any political
      Bernama.  -  320 words
    • 132 10 NST IPOH Graduate first before you tie the knot. This is the message that new students to the Kinta Teachers' Training College are getting during "orientation week”. The principal, Mr Abdul Manaf, said the college has been giving the advice to discourage freshmen from
      – NST  -  132 words
    • 396 10  -  By YANG RAZALI KASSIM, Jakarta Correspondent JAKARTA The military is said to be behind a recent drive for more openness within the Indonesian Parliament, which critics had described as too passive an institution. The ruling Golkar, which has been pushing for “greater democracy",
      396 words
    • 198 10 Bernama. JAKARTA Batam is re ported to be swarming with prostitutes. According to reports, mos of the prostitutes are fron Jakarta. They fled to the island aftei the authorities clampet down on their operation; in the capital. Their move was also moti vated
      Bernama.  -  198 words
    • 29 10 JAKARTA The military is said to be behind a recent drive for more openness within the Indonesian parliament, which critics had described as too passive an institution.
      29 words
    • 84 10 AFP. MANILA Filipinos working overseas sent home an estimated US$2.5 billion (554.9 billion) last year, making them the country’s biggest earners of foreign exchange, a labour official has said here. Central bank records show that Filipinos abroad remitted only US$B56 million through the
      – AFP.  -  84 words
    • 209 10  -  ABBY TAN. MANILA The Philippines has accepted Singapore's offer of Ss4 million in military assistance under a bilateral co-operation programme, sources here said. A Philippine military team led by Brig-Gen Arturo Castro, deputy chief of staff for plans, visited Singapore on Monday
      209 words

  • COMMENT/ Pick of the week’s editorials
    • 653 11 JULY 15, 1988 PITY Hongkong. The British government would not give the colony’s citizens what they now long for most after the recent upheaval in China: the right of abode on British soil. Enter the Singapore government last Monday with an announcement that it was opening
      653 words
    • 626 11 JULY 14, 1989 BY ANY standards, Singapore’s public housing programme has been a tremendous success, an achievement which the Government and people have every reason to be proud of. Based on what the Housing Board has accomplished, there can hardly be any reason to doubt the public
      626 words
    • 652 11 JULY 11, 1989 HONGKONG is now undergoing a new wave of anxiety and political awakening. One month after the upheaval in China and the subsequent Chinese crackdown on those said to be involved in it, the shock waves have not dissipated in the British colony.
      652 words
    • 618 11 WHO WAS WHO WHO was who, as distinct from Who is Who (Who’s Who), is about prominent people of the past. Recently, I highlighted in this column how the flourishing new town of Clementi in Singapore must have acquired its name under
      618 words
    • 185 11 “I’m not the rebellions sort. I follow whatever roles the government sets out, so no problem.” Mr Paul Pang, a Hongkong resident interested in Singapore’s liberalised immigration scheme, saying that he did not mind not having as much freedom to criticise government policies. “I don’t often think of
      185 words

  • COMMENT/ Perspective
    • 2358 12 Prime Minister Lee Kuan Yew was interviewed by the Nihon Keizai Shimbun’s Chief of Asian News Hirotsugu Koike and Singapore Bureau Chief Makoto Suzuki on Friday last week at the Istana. The questions and Mr Lee’s answers ranged over a number of topics,
      2,358 words
    • 954 13  -  VIEWPOINT By TAN SAI SIONG THERE seems to be something about Singapore which invites fault-finders to unsheath their claws to draw blood. Perhaps it is because its success has attracted sour grapes ever ready to put the worst interpretation on its every move.
      954 words


  • TIME$
    • 643 14 Political stability cited as one of key success factors SINGAPORE has won top spot as the most competitive country among a group of 10 newly industrialising economies (NIEs). The latest World Competitiveness Report 1989. jointly produced by two prestigious Swiss business organisations, showed
      643 words
    • 150 14 COUNTER RATES Singapore dollar* to on* unit of foraign currency Buying 00 Selling US dollar i 9430 1.9620 Sterling pound 3.1339 3.1873 Australian dollar 1 4478 1.4872 Canadian dollar 1 6221 1.6508 NZ dollar i 0914 1.1252 Singapore dollar* to 100 unit* of foraign currency Austrian schilling 14
      150 words
    • 140 14 HOTEL Properties has struck a deal with the Duty Free Shoppers (DFS) group to take over Printemps' space in the Meridien shopping complex next March. Sources say that DFS, which plans to open its third Le Classique store on the 4,416-sq metre premises,
      140 words
    • 257 14 AN UNUSUAL question was posed to chief executive officers in a recent survey In Singapore: Which country will be the favourite place for Investments In the year 2Hi? Singapore was the top choice for about 46 per cent of the 151 CEOs
      257 words
    • 428 14  -  By SIVAM SUBRAMANIUM TDB HOLDINGS, a company wholly owned by the Trade Development Board, is making its first strategic investment in Japan to boost Singapore’s exports to Japan. It has tied up with Heiwado, a leading Japanese jewellery wholesaler and distributor, to launch
      428 words
    • 138 14 JAKARTA The Sultan of Brunei is reported to have bought over a five-star hotel in Bali in which former United States President Ronald Reagan stayed when he visited Indonesia in 1986. The Indonesian Business Data Centre, a business information agency, said Sultan
      138 words
    • 184 14 AN EIGHT-STOREY industrial building in MacPherson area has attracted two Hongkong investors, including one who submitted a $5.66 million bid which amounts to as high as $lB6 psf. The sale of Minwa Building, which closed last week, also received bids from four local parties. Colliers
      184 words
    • 766 15  -  Tan Chong charges into elite group with Formula One performance By DOREEN SIOW THE current bull run has brought 10 companies charging into the exclusive billion-dollar club, bringing total membership to 27 as of the end of last month. The club, which is
      766 words
    • 118 15 SIM LIM Investments (SLI) has slashed its group bottom-line loss by 88 per cent to $5.88 million from the previous massive loss of $48.28 million. Despite the much improved results, the light at the end of the tunnel does not seem to be
      118 words
    • 719 15 Sharemarket review THE Singapore stock market soared to new post-1987 Crash heights in a week that saw the Straits Times Industrials Index hurdle over the psychological barrier of 1,350 points in convincing fashion to end the week at 1,363.50 points its sixth post-Crash high in
      719 words
    • 452 15  -  -DOREEN SIOW. THE buoyant Singapore property market has lifted local property stocks to historical highs. Underlining this is the fact that three out of the 10 newcomers to the bil-lion-dollar club for companies with market values of at least $1 billion are property based. The three,
      452 words
    • 116 15 AMCOL Holdings has bowed to insistence by the Stock Exchange of Singapore (SES) to seek shareholders’ approval for its $l3l-million purchase of The Octagon. In the latest of its ongoj ing exchanges with the SES, Amcol confirmed in a letter last Friday
      116 words
    • 6614 16 All shares quoted have a par value of $l. unless otherwise specified. Adjusted for scrip/rights. N Tai-eiempted dividend. P/E ratios and gross yields of foreign shares are adjusted for currency differences. Trustee stocks under CPF Approved Investment Scheme. Margin stocks. ABN is traded in lots of 10
      6,614 words
    • 302 17 Manager's prices for July 15 17 Singapore Unit Trust The Commerce l 16--123 The Savings Fund l 04 1 10 S'pore Prog Fund 0 47--0 51 S pore Sec Fund 0 78 -0 83 S pore Invest Fund 0 83 -0 88<d Spore Equity Fund 0 S6 060
      302 words
    • 647 17 Friday July 14 HKI *1Amoy Properties 2 as 0 10 Asia Sac Int i t 92 -0 03 Asia Sac War 91 OM -0 09 Bank ol EA 14 80 0 10 Bond Corp lot'I 1 64 *006 Bond Corp War 91 059 0 11 Cabla Wiralass 62 00
      647 words
    • 54 17 THE Strait* Times Industrials Index rone 28.11 points on the week to 1,683.50 points. Day-to-day Indices: MONDAY: 14*5.49 (up 1.71); 124.42 m units (valued S2SO.Nm); TUESDAY: 1,346.17 (up 9.T7); 146.39 m units ($246.94m); WEDNESDAY: 1,353.73 (up 7.56); 143 m units ($276.6»m); THURSDAY: HoUday. FRIDAY: 1463.50 (up 9.77);
      54 words
    • 54 17 THE New Straits Times Industrials Index rose 40.3 points on the week to 2456.74 points. MONDAY: 2,337.21 points (up 29.77); 39.582 m units (valued M375.929m); TUESDAY: 2446.94 (up 3.73); 49.629 m units (M579.907m); WEDNESDAY: 2451.» (up 19.45); 49.879 m units (M573.852m); THTTtSDAY: Holiday. FRIDAY: 2456.74 (up 5.35);
      54 words
    • 48 17 THE Hongkong Hang Seng Index rose 149.17 points to 2416.11 on the week. MONDAY: 2,439.29 points (up 63.26); HK31.17 billion; TUESDAY: 2,485.85 (up 46.65); HKSI.4I billion; WEDNESDAY: 2,477.51 (down 8.34); HKSI.IS billion; THIRSDAY: 2,498.21 (up 29.79); HKfl.l4 billion; FRIDAY: 2416.11 (up 17.99); HK3991 million.
      48 words
    • 579 18  -  By ELAINE KOH in Business Times RBINTS for prime office space in Singapore have jumped by about 30 per cent in the last six months, bringing the prospects of monthly rentals reaching the record
      579 words
    • 252 18 FOREIGN ownership of OCBC Bank stock has hit 19.63 per cent of the bank's paid-up capital, just 0.37 per cent short of the ceiling of 20 per cent. Based on an existing share capital of 559.35 million $1 shares as
      252 words
    • 67 18 OVERSEAS Union Bank has sold its entire 6.08-per cent stake in Tuan Sing Holdings for $7.37 million. In a statement to the Stock Exchange of Singapore, OUB said it divested of its 15,816 million shares in two parcels. The two deals contributed to Tuan Sing's
      67 words
    • 81 18 Rubber Closing prices (cents/kilo) Singapore 178 50 August up half a cent Malaysia 253 00 August unchanged Palm oil Crude palm oil (MJ/ tonne) July 790 (south) 770 (central) August 787 50 (south) Refined palm oil (USJ/tonne) RBD Palm Oil Aug;Sept 315 (sellers) RBD Olein Aug/Sept 322 50
      81 words
    • 28 18 KUALA LUMPUR Peak Hua Industries Bhd is changing its name back to Lien Hoe Industries Bhd following a restructuring of the company.
      28 words
    • 815 18  -  PATRICK DANIEL On The One Hand NEWS about the weakening state of the American economy came in a flurry last week. Much of the accompanying commentary has been on whether the US economy will make a “soft landing" that is. slowing
      815 words
    • 192 18 AUDITED RESULTS Company Year to Group Net Net earnlnga Gross profit/loea (L) per share dividend (’000) (cents) A Enterprises Jon 89 M$15.106l$8 499) 36 5(20 5) II (101 B Sembowong Mar 89 $6 7931 $6 543) 37 7136 41 35b (201 Fima M Box Mar 89 M$l 1.791
      192 words
    • 110 18 KUALA LUMPUR Kumpulan Guthrie Bhd's public share issue has been subscribed 2.23 times. On offer were 83,338,000 ordinary shares of Msl (550.72) each, but 195,071 applications for 269.586,000 shares were received. Kumpulan Guthrie has offered a total of 100 million ordinary shares of Msl
      110 words
    • 293 19 SINGAPORE hotelier, oil trader and dealmaker extraordinaire Ong Beng Seng has been put on a pedestal with some of the world’s top corporate leaders and entrepreneurs. In its Centennial Edition last week, The Wall Street Journal picked Mr
      293 words
    • 744 19  -  PROFILE by CONRAD RAJ HE DOES not sport a beard nor is he garbed in the flowing robes of an Arab. But in the local oil world, Mr Ong Beng Seng is something of a sheikh. As managing director of Singapore-incorporated Kuo International, he
      744 words





  • Page 19 Advertisements
    • 744 19 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 102-106 Temple Chambers,
      744 words

  • FORUM
    • 319 20 THE British government's refusal to allow permanent residence in Britain for the three million Hongkong British passport holders may be immoral or even a departure from accepted principles of international law. Whatever the arguments, it is nevertheless a realistic and understandable decision.
      319 words
    • 708 20 I AM sure that Singaporeans will have read the reports from your Hongkong correspondents on Sir Geoffrey Howe’s recent visit to the territory with great interest. I have no quarrel with their overall content but am concerned that, perhaps for reasons
      708 words
  • Page 20 Advertisements
    • 235 20 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 in
      235 words
    • 141 20 Dear Readers THE Straits Times welcomes letters from you. Your letters must include your signature, full name, address, and home and office telephone numbers. They should preferably be typed, doubled-spaced, on one side of the paper. Brevity is an advantage. We do not accept for publication letters copied to us
      141 words

  • Page 21 Advertisements
    • 1236 21 APPOINTMENTS UNITED OVERSEAS BANK GROUP We are Singapore's largest banking Group, providing an extensive range of financial and finance-related services, with a progressive workforce dedicated to work excellence and quality service. We invite applications from suitably qualified candidates for the posts of: FINANCIAL CONTROLLER Reporting to the Senior Vice President,
      1,236 words

  • Page 22 Advertisements
    • 1215 22 TREASURY BUILDING APPONTMENTS 4»» «I» SEW-EURODRIVE O Due to expansion of our business, we are inviting candidates of suitable qualifications and experience to fill the position of SALES ENGINEER Qualifications/Experience: Male University or college graduate in Electrical/Mechanical Engineering with minimum 2 to 4 years experience in sales and promoting of
      1,215 words

  • TIMESPORT
    • 625 23  -  Malaysia Cup Semi-Pro League Div One By JOE DORAI TWO of Kelantan’s foreign imports, Singapore's Ahmad Ibrahim and Indonesia’s Robby Darwis, were sent off as Singapore beat Kelantan 1-0 in a semi-pro Division One Malaysia Cup match marred by rough play at the National
      – Picture by JERRY SEH.  -  625 words
    • 557 23  -  COMMENT by Godfrey Robert ONE goal was all Singapore scored in Tuesday night’s Semi-Pro Division One match where the Republic enjoyed vociferous support off the field and numerical advantage on it. But under the circumstances the three points the victory brought were treasured by the Singapore
      557 words
    • 115 23 at Larkin Stadium. Ber—ia. PENANG Hosts Penang beat defending Malaysia Cnp champions Koala Lumpur 84 in a semi-pro League Division One Cup tie at the City Stadium yesterday. Penang launched several early attacks and •cored their first goal In the 44th minute through defender Aziz Azizan. Penang
      at Larkin Stadium. — Ber—ia.  -  115 words
    • 298 23 SINGAPORE’S top sprinter Haron Mundir, whose 18-month suspension by the Singapore AAA was set aside by the High Court last week pending an appeal, exploded to his bestever performance on the final day of the 15th Brooks-Flash meet on Sunday. The
      298 words

  • 146 24 NST, Bemama. JOHOR BARU The younger brother of the Sultan of Johor, Tunku Abdul Rahman Ibni Almarhum Sultan Ismail, has died. He was 56. Tunku Abdul Rahman died of cardiac failure at 7.20 pm at the Istana Tab Pasir Pelangi here on Wednesday.
    NST,; Bemama.  -  146 words
  • 110 24 THK Singapore Malay National Organisation (PKMS) yesterday described the Government's relaxation of immigration controls as a “glaring display of Chinese chauvinism” and called for the withdrawal of the new rules. In a statement, it said the decision to woo Hongkong talent would “do
    110 words
  • 295 24  -  By ALAN HUBBARD: Europe Editor LONDON Detectives investigating the theft of cash and jewellery worth £4 million (5512.6 million) from a London house, belonging to the Sultan of Brunei’s brother, believe the raid may have been based on inside knowledge. They
    295 words