The Straits Times : Weekly Overseas Edition, 15 July 1989
1989-07-15
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The Straits Times : Weekly Overseas Edition
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Title Section20 1989-07-15 1 The Straits Times WEEKLY OVERSEAS EDITION SATURDAY, JULY 15, 1989 Price: 551.20 (in Singapore) Elsewhere by subscription only MCI(P) 42/8/8820 words
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Article, Illustration719 1989-07-15 1 CATHERINE C. ONG - 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 wasAFP picture. - 719 words
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Article, Illustration883 1989-07-15 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 economy883 words
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135 1989-07-15 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 conveyed135 words
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Article, Illustration217 1989-07-15 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
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Page 1 Advertisements
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Advertisement59 1989-07-15 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 TIMESDOLLAR59 words
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Advertisement10 1989-07-15 1 3iba <uotn 5 M JO*» HI Membership has its privileges'10 words
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NEWS FOCUS
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Article, Illustration718 1989-07-15 2 CATHERINE C. ONG - 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 which718 words
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621 1989-07-15 2 CATHERINE C. ONG - 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 mobbing621 words
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150 1989-07-15 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 would150 words
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367 1989-07-15 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 management367 words
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72 1989-07-15 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 calls72 words
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HOME
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557 1989-07-15 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. These557 words
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Article, Illustration679 1989-07-15 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 said679 words
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Article96 1989-07-15 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 murdered96 words
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149 1989-07-15 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 Singapore149 words
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499 1989-07-15 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, whichBusiness Times. - 499 words
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184 1989-07-15 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 in184 words
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Article146 1989-07-15 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 otherwise146 words
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Parliament
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Article, Illustration757 1989-07-15 4 A whole new meaning for public housing PUBLIC housing will get a whole new meaning when an ambitious programme to upgrade Housing Board estates gets under way. Major changes will be made inside and outside flats, along public areas within blocks757 words
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Article, Illustration647 1989-07-15 4 A BILL to enable Central Provident Fund members to use their savings for study at local tertiary institutions was passed but only after another unsuccessful attempt by a backbencher to extend the scheme to overseas universities. Moving the second647 words
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252 1989-07-15 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 adjustments252 words
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Article84 1989-07-15 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- neration84 words
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Article, Illustration436 1989-07-15 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 who436 words
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Article, Illustration668 1989-07-15 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 more668 words
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Article, Illustration534 1989-07-15 5 SERENA TOH - 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 at534 words
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Article, Illustration302 1989-07-15 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 it302 words
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102 1989-07-15 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 set102 words
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251 1989-07-15 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 would251 words
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252 1989-07-15 5 – ALAN HUBBARD - 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 finishing252 words
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Article, Illustration842 1989-07-15 6 Bertha Henson and; Zuraidah Ibrahim - 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 Tan842 words
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305 1989-07-15 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. The305 words
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Article, Illustration64 1989-07-15 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
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291 1989-07-15 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
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Article, Illustration383 1989-07-15 6 ANNE CHAN - 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 effects383 words
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221 1989-07-15 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 Central221 words
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558 1989-07-15 7 BERTHA HENSON - 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
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227 1989-07-15 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 world227 words
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558 1989-07-15 7 SERENA TOH - 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 the558 words
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Article, Illustration110 1989-07-15 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 for110 words
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Article, Illustration131 1989-07-15 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. He131 words
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197 1989-07-15 7 year. – ALAN HUBBARD - 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 the197 words
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Article76 1989-07-15 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 Loh76 words
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Article, Illustration402 1989-07-15 8 DOMINIC NATHAN - 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 the402 words
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Article, Illustration564 1989-07-15 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 returned564 words
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142 1989-07-15 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 Ho142 words
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208 1989-07-15 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 Kien208 words
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272 1989-07-15 8 BRENDAN PEREIRA - 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 being272 words
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across the CAUSEWAY
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Article, Illustration166 1989-07-15 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
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Article, Illustration335 1989-07-15 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 small335 words
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138 1989-07-15 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 United138 words
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335 1989-07-15 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 a335 words
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80 1989-07-15 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
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292 1989-07-15 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, The292 words
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Article134 1989-07-15 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 secondary134 words
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83 1989-07-15 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
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Article41 1989-07-15 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
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CAUSEWAY/ASEAN
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664 1989-07-15 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 to664 words
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108 1989-07-15 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 ChanBernama. - 108 words
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Article35 1989-07-15 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
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320 1989-07-15 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 politicalBernama. - 320 words
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132 1989-07-15 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
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Article, Illustration396 1989-07-15 10 YANG RAZALI KASSIM - 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
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198 1989-07-15 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 vatedBernama. - 198 words
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Article29 1989-07-15 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
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84 1989-07-15 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
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209 1989-07-15 10 ABBY TAN - 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 Monday209 words
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COMMENT/ Pick of the week’s editorials
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Article653 1989-07-15 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 opening653 words
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Article626 1989-07-15 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 public626 words
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Article652 1989-07-15 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
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618 1989-07-15 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 under618 words
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Article185 1989-07-15 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 of185 words
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COMMENT/ Perspective
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Article, Illustration2358 1989-07-15 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
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Article, Illustration954 1989-07-15 13 TAN SAI SIONG - 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
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TIME$
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643 1989-07-15 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, showed643 words
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Article150 1989-07-15 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 14150 words
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140 1989-07-15 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
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257 1989-07-15 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 CEOs257 words
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428 1989-07-15 14 SIVAM SUBRAMANIUM - 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 launch428 words
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138 1989-07-15 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 Sultan138 words
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Article184 1989-07-15 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. Colliers184 words
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766 1989-07-15 15 DOREEN SIOW - 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 is766 words
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118 1989-07-15 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 be118 words
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Article719 1989-07-15 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 in719 words
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Article452 1989-07-15 15 DOREEN SIOW - -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
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116 1989-07-15 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 Friday116 words
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Article6614 1989-07-15 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 106,614 words
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Article302 1989-07-15 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 060302 words
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Article647 1989-07-15 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 00647 words
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Article54 1989-07-15 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
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Article54 1989-07-15 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
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Article48 1989-07-15 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
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579 1989-07-15 18 ELAINE KOH - 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 record579 words
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252 1989-07-15 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 as252 words
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Article67 1989-07-15 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's67 words
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Article81 1989-07-15 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 5081 words
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Article28 1989-07-15 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
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Article, Illustration815 1989-07-15 18 PATRICK DANIEL - 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. slowing815 words
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Article192 1989-07-15 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 1.791192 words
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110 1989-07-15 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 Msl110 words
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293 1989-07-15 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 Mr293 words
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Article, Illustration744 1989-07-15 19 CONRAD RAJ - 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, he744 words
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Advertisement744 1989-07-15 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
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FORUM
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319 1989-07-15 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
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Article, Illustration708 1989-07-15 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 reasons708 words
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Advertisement235 1989-07-15 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 in235 words
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Advertisement141 1989-07-15 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 us141 words
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Page 21 Advertisements
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Advertisement1236 1989-07-15 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
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Page 22 Advertisements
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Advertisement1215 1989-07-15 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 of1,215 words
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TIMESPORT
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Article, Illustration625 1989-07-15 23 JOE DORAI - 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
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Article, Illustration557 1989-07-15 23 Godfrey Robert - 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 Singapore557 words
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Article115 1989-07-15 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. Penangat Larkin Stadium. — Ber—ia. - 115 words
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298 1989-07-15 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. The298 words
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Article, Illustration146 1989-07-15 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
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110 1989-07-15 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 “do110 words
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295 1989-07-15 24 ALAN HUBBARD - 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. They295 words