The Straits Times : Weekly Overseas Edition, 2 September 1989
1989-09-02
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The Straits Times : Weekly Overseas Edition
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Title Section20 1989-09-02 1 The Straits Times WEEKLY OVERSEAS EDITION SATURDAY. SEPTEMBER 2, 1989 Price: S$1.20 (in Singapore) Elsewhere by subscription only MCI(P) 37/8/8920 words
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Article, Illustration883 1989-09-02 1 PARLIAMENT on Thursday unanimously re-elected Mr Wee Kim Wee as Head of State after hailing him as a true “People’s President”. Moving for the 73-year-old former journalist and diplomat’s election to a second four-year term, Mr Lee Kuan Yew listed many of his attributes883 words
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497 1989-09-02 1 Praises from MPs in 4 languages MEMBERS of Parliament Mho spoke in support of President W’ce Kim Wee’s re-election paid tribute to the former journalist and diplomat in all four official languages of the House Malay, Chinese, Tamil and English. Here are extracts from their speeches: MR SIDEK SANIFP, Senior497 words
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Page 1 Advertisements
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Advertisement71 1989-09-02 1 President’s sl§m idea £or charity Page 9 n HOME Decision by year-end on privatisation of Telecoms? PAGE 3 Ex-Stanchart manager fined $12,000 PAGE 5 Raffles to go independent from next year PAGE 7 CAUSEWAY Mahathir gives clearest hint of early polls PAGE 10 Plot to cheat co-op bank of s29om71 words
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Advertisement16 1989-09-02 1 trrrr* —r /%Hk UK*'» l 4 *RY <UOOI 3‘lb? M 4«« H« Membership has its privileges.16 words
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NEWS FOCUS
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Article, Illustration776 1989-09-02 2 and Salim Osman; Ahmad Osman - Public lecture on Malaysia-Singapore relations Reports. and Salim Osman Ahmad Osman AN UMNO ieader has urged Singaporeans to make a distinction between vocal criticisms in Malaysia of some Singapore policies and the stand taken by the Malaysian government to maintain776 words
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Article, Illustration500 1989-09-02 2 ‘Not the right forum to discuss matter’ SINGAPORPTS delegation to last week's Manila meeting of Asean parliamentarians returned on Monday, satisfied that they had avoided a discussion on Singapore's offer to host American facilities here. Although the Filipinos had wanted it pu! on500 words
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441 1989-09-02 2 WHERE is the threat coming from? This was the emotional gut reaction of many Malaysians to Singapore’s offer to provide military facilities for American forces, Datuk Abdullah Ahmad Badawi, said. They posed the question, he said, because of what441 words
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255 1989-09-02 2 Govt should think again if offer is unhelpful says Teng Cheong SINGAPORE’S offer Ui host American military facilities should be reconsidered or even suspended If it is unhelpful in sharing the political burden of having a US presence In the region, Mr Ong Teng Cheong has said. The Second Deputy255 words
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153 1989-09-02 2 KUALA LUMPUR The Malaysian Foreign Ministry has welcomed a statement by Mr Ong Teng Cheong on the Republic’s offer of facilities to the US, Malaysia’s Berita Harian newspaper reported on Monday. Mr Ong said last Friday that Singapore’s offer should be reconsidered or even suspended if153 words
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Article, Illustration482 1989-09-02 3 KENNETH JAMES - By KENNETH JAMES A DECISION on whether to privatise Singapore Telecom could be made by the end of this year, following a study commissioned by the statutory board which concluded that privatisation is possible. Mr Koh Boon Hwee, Singapore Telecom’s chairman, told reporters on482 words
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492 1989-09-02 3 KENNETH JAMES - KENNETH JAMES. SINGAPORE Telecom last year turned in a recordbreaking $620 million in total net income, retaining its top spot as the most profitable statutory board. This was despite lowering its charges and offering high-quality services at economical prices, including some of492 words
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126 1989-09-02 3 – G. HARRIS - G. HARRIS. MELBOURNE Asians will make up nearly 20 per cent of Australia’s population within 40 years, a new report has predicted. The Australian Government was reported to be afraid that the report could spark another debate on Asian immigration.126 words
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Article, Illustration605 1989-09-02 3 TAN LIAN CHOO - CAMBODIA TALKS By TAN LIAN CHOO reporting from Paris SINGAPORE’S Foreign Minister, Mr Wong Kan Seng, has called on the International Conference on Cambodia to break the impasse at the talks by agreeing that they were nowhere near agreement on key issues.605 words
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406 1989-09-02 3 DEXTER LEE - DEXTER LEE in Business Times SINGAPORE has to restrict the operations of banks from the Economic Community in the local market because it is already well-served by 49 EC banks, the Monetary Authority of Singapore (MAS) indicated. MAS underlined this point in responsein Business Times - 406 words
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PARLIAMENT
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723 1989-09-02 4 TAN TARN HOW - Bill passed after two hours of debate By TAN TARN HOW SEVEN months after legislating mandatory caning for illegal immigrants and overstayers. Parliament on Thursday extended the same penalty to employers who knowingly hire such people and the agents723 words
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422 1989-09-02 4 CABINET ministers do not solicit funds for the People’s Action Party, First Deputy Prime Minister Goh Chok Tong told Parliament. He stressed that political fund-raising did not amount to a corrupt practice, so long as it was above board. But he422 words
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Article, Illustration288 1989-09-02 4 THERE have been no developments in Singapore’s offer to host United States military faeilities since Jane, when the US site survey team visited Singapore, Minister of State (Foreign Affairs) Peter Sung told the Hoase. He also clarified that the team288 words
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325 1989-09-02 4 A BILL to further curb advertisements on cigarettes and tobacco was introduced in Parliament on Thursday. The Smoking (Prohibition on Advertisements) (Amendment) Bill seeks to increase the penalties for offenders who, directly or indirectly, advertise and encourage the use of such325 words
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110 1989-09-02 4 THE Government will not abolish legalised abortion as this would not increase the birth rate and would only drive women into seeking illegal and unsafe abortions. Acting Health Minister Yeo Cheow Tong told the House that the primary role of abortion was to prevent110 words
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HOME
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Article, Illustration953 1989-09-02 5 BEN DAVIDSON - By BEN DAVIDSON FORMER Standard Chartered Bank (SCB) manager Michael Raymond Taylor was fined $12,000 on Thursday after pleading guilty to violating the Securities Industry Act in connection with the sale of a large block of Sealion Hotels shares953 words
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722 1989-09-02 5 CHOW CHEE SUN - By CHOW CHEE SUN THE proposed sale of The Octagon for $l3l million has taken a dramatic turn with the building’s owner accusing both the vendor and the buyer of improper conduct over the deal. Kian Choon Investments, the developer and722 words
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260 1989-09-02 5 CONRAD RAJ - By CONRAD RAJ A MEMBER of the billionaire Kwek family and director of the Hong Leong group has been charged with corruption. Kwek Leng Keow, 37, who sits on the board of unlisted Hong Leong Corporation, was yesterday charged with corruptly accepting260 words
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79 1989-09-02 5 THE MP for Yuhua and vice-president of the National Trades Union Congress. Mrs Yu-Foo Yee Shoon, left for the US yesterday on a month-long international exchange visit. A US Embassy statement said that she will join 27 other international senior la- bour79 words
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126 1989-09-02 5 AN ARCHITECT with Jurong Town Corporation was charged yesterday with accepting bribes in return for specifying the use of a certain brand of roof tiles for refurbishment work in the Chinese Garden. Tan How Kok alias lan Tan, 33, allegedly accepted126 words
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Article, Illustration69 1989-09-02 6 STIDENT and part-time model Jacqueline Ang, 18, is the new Miss Singapore World. The reigning Miss Singapore Princess beat 14 other women at the contest on Sunday night, and will represent Singapore at the Miss World pageant in London in November. Fashion co-ordinator Serene Lee, 21,69 words
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Article, Illustration571 1989-09-02 6 Two other ministers of state and three MPs also in team A HIGH-LEVEL ministerial committee has been set up to look into ways to make Singapore an attractive place for foreign talent to settle in and for Singaporeans to continue calling571 words
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Article, Illustration317 1989-09-02 6 RENOWNED authority on Chinese culture Tan Sri I.ee Siow Mong, 75, died of cancer of the colon at his Ascot Rise home on Thursday. Tan Sri Lee. president of the China Society since the early 1950 s and probably the last of the317 words
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192 1989-09-02 6 A VIGILANTE Corps corporal, who fatally shot his Special Constable friend while playing Russian roulette with the constable’s revolver, was sentenced to five years’ jail for manslaughter by the High Court this week. The court heard that Mohd Taufik bin192 words
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Article64 1989-09-02 6 PRIME Minister Lee Kuan Yew and Mrs Lee hosted a dinner on Wednesday at the Oriental Singapore Hotel for former British Prime Minister Edward Heath, who is here on a short visit. Mr Heath, 73, who was Britain’s Prime Minister from 1970 to 1974, conducted the64 words
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Article66 1989-09-02 6 FOUR teenagers were charged on Thursday with the murder of a schoolboy, Andrew Thia Juan Hong, 14, at Marina Square early on Sunday morning. No pleas were taken from Lee Eng Beng, a part-time waiter, Sia Sze Chuan, a student, both aged 16; and two66 words
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275 1989-09-02 6 MORBI than 4,000 Singaporeans who emigrated last year left because they found the People’s Action Party Government policies unbearable, Non-Constituency MP I,ce Siew Choh said last Saturday. He said he did not think Singaporeans emigrated because they wanted bigger cars, bigger homes275 words
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178 1989-09-02 6 A FILIPINO maid, suspected of having the Aids virus, was sent home on Monday, a week after she arrived in Singapore. She had tested negative a month ago during an Aids virus screening test in the Philippines. The laboratory, in Quezon City,178 words
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Article, Illustration607 1989-09-02 7 CHUA CHONG JIN - By CHUA CHONG JIN RAFFLES Institution will go independent in January 1990 becoming the first government school to do so. But as the school moves into a new era of management, and, in607 words
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348 1989-09-02 7 FISHING is once again allowed in the waters surrounding Pedra Branca, where the Horsburgh Lighthouse stands, now that the Port of Singapore Authority has completed installing radar equipment on the island. But Republic of SingaEore Navy and Marine Poce will continue to carry348 words
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Article36 1989-09-02 7 DENMARK'S first ambassador to Singapore, Mr Jens Peter Larsen, presented his credentials to President Wee Kim Wee at the lstana on Monday. The Danish Embassy here was previously headed by a Charge d’Affaires.36 words
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143 1989-09-02 7 OWNERS of Housing Board and HUDC flats bought on the open resale market can now use their Central Provident Fund to buy private residential properties. Conversely, owners of private residential properties can also use their CPF savings to buy resale143 words
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Article, Illustration408 1989-09-02 7 SALIM OSMAN - ‘Malays bad at maths’ myth must go Sidek By SALIM OSMAN SENIOR Parliamentary Secretary (Education) Sidek Saniff has called for action to get rid of the misconception that Malays are bad at mathematics. Asserting that there was no reason why Malay pupils could not do as well as pupils of408 words
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293 1989-09-02 7 THE Singapore Government has waived the diplomatic immunity of its High Commissioner in London, Mr Abdul Aziz Mahmood, to allow opposition politician J.B. Jeyaretnam to sue him for libel. Mr Jeyaretnam's law firm wrote to the Minister for Foreign Affairs on293 words
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290 1989-09-02 7 THE Government has accepted most of the proposals made by three advisory councils to help create a livelier arts scene, introduce more rugged activities for young people and provide back-up services to families. Most of the recommendations of the councils on Youth, Culture and290 words
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Article80 1989-09-02 7 A TOTAL of $15.33 million worth of prizes In the Singapore Sweep lottery went unclaimed In the years 1979 to 1988, Finance Minister Richard Hu told Parliament on Thursday. He said the unclaimed prizes were retained by Singapore Pools Pte Ltd and redistributed as donations80 words
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Article, Illustration441 1989-09-02 8 TAKE a Strauss waltz, spread its alluring strains over a field packed with 50.000 people under a tropical sky, add maestro Zubin Mehta and the New York Philharmonic and you get a night441 words
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496 1989-09-02 8 SERENA TOH - New-style hospital for Ang Mo Kio By SERENA TOH WITH the press of a button. Acting Health Minister Yeo Cheow Tong last Saturday kicked off the construction of a new-style hospital which is set to bring hospital care to the doorsteps of housing496 words
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328 1989-09-02 8 THE chairman of the Government Parliamentary Committee on Defence and Foreign Affairs, Mr S. Chandra Das, has suggested that the Defence Ministry study the Swedish model of military conscription to see if it has any relevance to Singapore. He said this to reporters on328 words
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426 1989-09-02 9 ONE dollar a month from every working Singaporean through the Central Provident Fund this is one way to collect more than $l5 million for the less fortunate here. And such a means is being looked into by the Community Chest to meet a426 words
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252 1989-09-02 9 MORE than 3,500 tertiary students have taken advantage of the new CPF-for-ed-ucation scheme to use their own or their parents’ Central Provident Fund savings to pay their tuition fees. A CPF Board spokesman said 1,838 undergraduates from the National University of Singapore252 words
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Article, Illustration92 1989-09-02 9 PRESIDENT WEE KIM WEE presenting the Honorary Doctor of Laws degree to former Thai Prime Minister Prem Tinsulanonda ('above,) and the Honorary Doctor of Letters degree to Singapore Symphony Orchestra conductor Choo Hoey (left) at the National University of Singapore convocation ceremony92 words
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Article, Illustration613 1989-09-02 9 THE reliance on examinations to gauge academic performance at the National University of Singapore will continue, the university’s Vice-Chancellor, Professor Lim Pin. indicated this week. Speaking at the opening of the university’s six-day convocation ceremony at Kallang Theatre on Tuesday, he referred613 words
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232 1989-09-02 9 AFP. WELLINGTON Singapore and Malaysian students will no longer get New Zealand government assistance for their studies but will have to pay full fees from next year, Education Minister Phil Goff said on Tuesday. Singapore and Malaysia have been dropped from theAFP. - 232 words
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across the CAUSEWAY
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Article, Illustration367 1989-09-02 10 KALIMULLAH HASSAN - Don’t create split in party before polls, he urges By KALIMULLAH HASSAN writing for The Straits Times BALIK PULAU (Penang) Prime Minister Dattik Seri Dr Mahathir Mohamad last Sunday gave his clearest indication so far that he may call a general election soon.367 words
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351 1989-09-02 10 KALIMULLAH HASSAN - KALIMULLAH HASSAN. .JELEBI (Negri Sembilan) Umno is ready to face a igeneral election now and will win convincingly against the rival Islamic United Front made up of the Spirit of 'l6 and I’arti Islam, l)r Mahathir Mohamad said last Saturday. The351 words
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101 1989-09-02 10 KUAI.A LUMPUR A val-ue-added tax is very likely to be introduced in Malaysia next year, the Nanyang Siang Pau has reported. The tax is expected to be implemented in stages, the paper said, adding that excise officials had gained valuable experience with the101 words
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195 1989-09-02 10 Tap, tap school which encourages pupils to cheat MALACCA The headmaster and teachers of a primary school here are said to have encouraged their pupils to cheat in the recent Primary School Assessment Test to "boost" the school's results, according to a report in The Star newspaper. The allegations were195 words
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89 1989-09-02 10 NST. PENANG A total of 111 Universiti Sains Malaysia students recently had their loans frozen because of poor academic performance and for switching courses without informing their sponsors. The latest issue of Berita Kampus, the university’s students’ newsletter, reported that those affected were 66NST. - 89 words
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372 1989-09-02 10 PENANG The opposition Democratic Action Party has decided to suspend its participation in the National Economic Consultative Council (NECC) pending a review of the party’s role in the council, the Star newspaper has rejjorted. DAP deputy secretarygeneral Mr Lee Lam Thye said here372 words
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247 1989-09-02 10 Reuter, Bernama. KUALA LUMPUR Two former Malaysian Prime Ministers are involved in the setting up of a human rights group to fight what one leader said was the deterioration of human rights in the country. Tunku Abdul Rahman. Malaysia’s first Prime Minister,Reuter,; Bernama. - 247 words
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Article195 1989-09-02 10 KUALA LUMPUR The director of Kajang Prison, which was at the centre of a scandal over a "privileged” inmate allowed to move about freely in the city, has been temporarily relieved of his duties and is now in the head office, The Malay Mail reported. It195 words
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151 1989-09-02 10 KUALA LUMPUR The Health Ministry has confirmed two more Aids cases and 43 new carriers in Malaysia since June. Health Services Director. Dr Jones Varughese. said two Malaysian soldiers. who admitted visiting prostitutes in southern Thailand, were among the new human immunodefiency151 words
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CAUSEWAY/ASEAN
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451 1989-09-02 11 KUALA LUMPUR NST. RECEIVERS for the financiallytroubled Cooperative Central Bank have uncovered a complex scheme by 15 businessmen to fraudulently obtain loans amounting to about Ms4oo million (***** million) from the bank. Sources said that the receivers,NST. - 451 words
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195 1989-09-02 11 THE Government Is selling 287 government companies, each with a capital of less than M 12.5 million (Ssl.B million), to bnmlpntras to Increase their share of the country’s equity, Deputy Prime Minister Ghafar Baba has been quoted as saying. Tong Bao newspaper195 words
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280 1989-09-02 11 KUALA LUMPUR There will be more Malays than Chinese in Malaysia’s urban centres by next year, the Sin Chew Jit Poh newspaper quoted a participant in a conference in Kuala Lumpur as saying. By next year, Malays will account for 45.6280 words
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95 1989-09-02 11 KUALA LUMPUR Hull University has set up a programme to promote Bahasa Malaysia in Britain. The programme requires students from the university’s South-east Asian Studies Centre to take a course in the language in their second year and transfer to a Malaysian university for their95 words
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136 1989-09-02 11 PETALING JAYA The Malaysian Trades Union Congress has alleged that several private-sector employers have turned to religious figures to give antiunion talks to their employees. MTUC president Zainal Rampak said the employers hired religious figures on a contract basis to “twist” religious talks136 words
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Article, Illustration301 1989-09-02 11 Agencies. BANGKOK About IN Vietnamese boat people were massacred by armed Thai pirates in the Golf of Thailand in one of the bloodiest attacks over the last few months, Thai and UN officials said this week. A young woman,Agencies. - 301 words
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274 1989-09-02 11 Reuter. MANILA Brunei has agreed to lend the Philippines US$lOO million (Ssl96 million) to help reduce its debt and cope with its balance of payments, but a leading opposition senator has accused President Corazon Aquino of concealing the deal. Senators belonging to MrsReuter. - 274 words
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207 1989-09-02 11 AFP. MANILA Philippine Cabinet members have came under fire for holding multiple official jobs with extra pay while lowly government workers have had to settle for substandard wages. Newspapers here frontpaged pictures of Cabinet members and listed their directorships in state-run corporations along withAFP. - 207 words
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131 1989-09-02 11 AFP. JAKARTA Indonesian students have urged Home Affairs Minister Rudini to revoke a land title granting a company rights to build a golf course in an area previously used by farmers. In their letter, the students asked Mr Rudini to return theAFP. - 131 words
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103 1989-09-02 11 Bemama JAKARTA The government on the Indonesian resort island of Bali has banned the killing and eating of turtles, in response to calls from wildlife preservation organisations. Up to 12,000 turtles are believed to be slaughtered on the island each year for restaurantsBemama - 103 words
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COMMENT/ Pick of the week’s editorials
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Article599 1989-09-02 12 SEPT 2. 1989 MORE than 5.000 new graduates of the National University of Singapore (NX’S) were reassured by their Vice-Chancellor. Professor Lim Pin. on Tuesday that their university had got its basics right: Their degrees are internationally recognised and accepted. And they had been trained in599 words
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Article641 1989-09-02 12 SEPT 1. 1989 WHEN Malaysian leader Datuk Abdullah Ahmad Badawi gave a lecture here on Monday on Malavsia-Singapore ties, he likened relations between the two countries to that of neighbours living in semi-detached houses, sharing a common wall and roof. Whatever happened on one side641 words
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Article568 1989-09-02 12 AUG 3 1 "989 DR SEET Ai Mee’s speech at the Prime Minister's Book Prize presentation ceremony on Tuesday is one of the most strongly-word-ed reaffirmations of the Government's bilingual policy in recent years. The Minister of State for Education and Community Development saw English as568 words
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Article641 1989-09-02 12 T F Hwang takes you down Memory Lane IT WAS in Tanjong Fagar that many of the Chinese pioneers first set up their homes here towards the last quarter of the last century. Mr Choa Kim Keat was one of our early prominent pioneers. Like many of his641 words
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Article143 1989-09-02 12 “An anti-Singapore bandwagon is a popular race to enter because it often touches race and religion and thus has tremendous emotional appeal.” Umno vice-president and former Malaysian Defence Minister, Datuk Abdullah Ahmad Badawi, cautioning that there are always groups in Malaysia ready to exploit incidents like the Herzog143 words
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COMMENT/ Perspective
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Article, Illustration1650 1989-09-02 13 Watan, a thrice-weekly Malay language tabloid in Malaysia, published an article under the heading “Lesson from Singapore” by Tan Sri Datuk Samad Idris, a former Minister of Culture, Youth and Sports, during Tun Hussein Onn’s premiership in the1,650 words
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Article819 1989-09-02 13 TAN SAI SIONG - VIEWPOINT By TAN SAI SIONG in The Sunday Times EVER since the Prime Minister first brought up the issue of unmarried women graduates in 1983, it had become almost a ritual to raise the subject in his speech at the annual National Day Rally. So it819 words
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TIME$
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430 1989-09-02 14 HONGKONG Hongkongers have stopped spending and are saving their money, official figures released last week show. Analysts say the trend underlines the crisis of confidence that has gripped Hongkong since Chinese tanks rolled into Tiananmen Square on June 4. Mr Barry Yates, director430 words
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285 1989-09-02 14 GERRY DE SILVA - By GERRY DE SILVA SUNTEC City Development has begun a global search for partners for various facilities including office blocks, department stores and restaurants contained within the billion-dollar convention and exhibition complex it is building at Marina Centre. The Singapore International Convention and285 words
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Article271 1989-09-02 14 UNTTED Industrial Corporation (UIC) has disputed a press report which said it could incur a big paper loss over its decision to proceed with the purchase of the Bideford Road site adjacent to The Paragon. A Business Times report last week said that in view of271 words
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Article, Illustration527 1989-09-02 14 Conrad Raj - MARKET, TALK i By Conrad Raj THE recent controversy in the British press over the earnings of British Airways’ chairman, Lord King, leads me to raise the question of whether executive pay and perks ought to be made public. I ask why527 words
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492 1989-09-02 14 ROSIE TAN - ROSIE TAN in Business Times DIRECTORS of publiclylisted companies may be barred from the board of stockbroking firms and vice versa if a study on this issue by the Stock Exchange of Singapore (SES) translates into law. The SES,492 words
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206 1989-09-02 14 THE Singapore-built floating hotel, The John Brewer, set sail again last week, this time for its new home in Ho Chi Minh City. It had been at Sembawang Bethlehem’s yard for the past three weeks undergoing a $2-million repair job which included206 words
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473 1989-09-02 15 SINGAPORE ranks top in human resources among 10 developing countries, a critical factor which Mr described in his recent National Day Rally speech as the country’s “outboard motor”, and a position which it must try to maintain. It was, he said,473 words
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360 1989-09-02 15 LYNETTE ONG - By LYNETTE ONG A SINGAPORE consortium has clinched a port upgrading contract in China that could be a prelude to more deals worth over S 3 billion. The $l2-to-$l5 million job will be undertaken by a five-member group consisting of Sembawang Construction, United360 words
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125 1989-09-02 15 (ARI.SBKKY Brewery Malaysia Bhd has turned in another stout set of interim results. For the six months to June 30, group pre-tax profit rose by a healthy 62.0 per cent to Ms2l million (5515.2 million) from M 512.9 million in the previous corresponding period. This125 words
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276 1989-09-02 15 YEO HIAP SENG Ltd has reported a 28.6-per cent drop in pre-tax profit to $6.15 million, although turnover was up 6.4 per cent to $105.85) million. Its Malaysian associated company, Yeo Hiap Seng (Malaysia), however, performed better with group pre-tax276 words
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749 1989-09-02 15 Sharemarket review SHARES prices rebounded after the Straits Times Industrials Index briefly slipped below the 1,340point resistance level on Tuesday, and the market finished the week moderately firm with the Index up 8.55 points to 1.363.73, after losing 12.64 points in the first two749 words
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526 1989-09-02 15 DOREEN SIOW - By DOREEN SIOW TIMES Publishing Ltd has confirmed press reports that it is making a takeover bid for rival Tien Wah Press (Pte) Ltd, which is controlled by the squabbling Wong family. Two other parties Japan’s Dai Nippon526 words
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Article6783 1989-09-02 16 All shares quoted have a par value of $l, unless otherwise specified. Adjusted for scrip/rights. N Tax-exempted 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 106,783 words
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Article241 1989-09-02 17 Manager’s prices for September 2 4 Singapore Unit Trust The Commerce 118-125 The Savings Fund 105-111 S pore Prog Fund 0 48-0 52 S pore Sec Fund 0.74 -0 79 S'pore Invest Fund 0 83-0 88 Spore Equity Fund 0 56-0 60 Asia Unit Trust Mat Invest Fund241 words
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Article588 1989-09-02 17 FrMiy S#pl#oib#f 1 MM Amoy Properties 2 95 0 05 Asia Sec Int'l 205 unch Asia Sec War 91 055 unch Bank ot EA 1380 unch Bond Corp Int i 1 77 0.08 Bond Corp War 91 080 005 Cable Wireless 66 00 Cafe de Coral 1 45 unch588 words
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Article62 1989-09-02 17 THE Straits Times Industrials Index rose 8.55 points on the week to 1463.73 points. Day-to-day Indices: MONDAY: 1,345.35 points (down 3.22); 53.38 m nnits (1133.29 m); TUESDAY: 1,342.54 (down 3.42); 55.35 m units (SIB.7Sm); WEDNESDAY: 1453-21 (up 7.37); 58.71 m units (593.«1m); THURSDAY: 1453.31 (up 5.8); 81.3662 words
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Article57 1989-09-02 17 THE New Straits Times Industrials Index rose 1.33 points on the week to 2,438.88 points. MONDAY: 2,434.33 points (down 3.4); 35.325 m units (valued M562.357m); TUESDAY: 2437.17 (down 6.32); 23.656 m units (M543.337m); WEDNESDAY: 2,438.88 (up 11.71); 32.624 m units (M353.537m); THURSDAY: National Day holiday; FRIDAY: Extra57 words
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Article46 1989-09-02 17 THE Hongkong Hang Seng index dropped 7.84 points to 2438.91 on the week. MONDAY: Liberation Day; TUESDAY: 2,487.94 points (down 28.84); turnover HK5568.87 million; WEDNESDAY: 24*5-43 (up 17.43); HK5535.52 million; THURSDAY: 24*8.57 (up 3.17); HK1477.4 million; FRIDAY: 24*8.91 (up 947) HKS449 million.46 words
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467 1989-09-02 18 DOREEN SIOW - By DOREEN SIOW HIGHER investment income for the Singapore Bus Service (1978) Ltd group led to a 10-per cent increase in pre-tax profit to $33.57 million despite a rise in operating overheads. For the first half ended June 30, investment and other467 words
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Article, Illustration164 1989-09-02 18 SINGAPORE Land chairman, Mr S. P. Tao, has sold two million of his shares in the property group to a Mr C. F. Tao for $26 million. In a separate announcement, Sing Land said it has completed the »3.15 millionshare Gateway land164 words
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Article166 1989-09-02 18 COUNTER RATES Singapore dollars to one unit ot foreign currency Buying 00 Selling US dollar I 9560 1 9750 Sterling pound 3.0547 3.1077 Australian dollar I 4772 ***** Canadian dollar I 6545 1.6837 NZ dollar 1.1468 1.1810 Singapore dollars to 100 units of foreign currency Austrian schilling 14.0749166 words
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259 1989-09-02 18 MASSIVELY-restructured Promet Bhd has slashed its losses by more than 90 per cent during the first six months on the back of the upturn in the property and marine fabrication sectors. For the half year to June 30, 1989, Promet turned in259 words
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133 1989-09-02 18 STRONG tourist arrivals have helped boost turnover at Shangri-la Hotel Ltd by 17.7 per cent to $61.2 million for the half-year ended June 30. However, group pre-tax earnings declined 15.1 per cent to $21.7 million as dividend income for the group plunged to133 words
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CORPORATE REVIEW
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Article552 1989-09-02 18 Compliled by JULIANA TAY AUDITED RESULTS Company Year to Group Nat Net earnings Gross profit/loss (L) per share dividend ('000) (cents) Alex Hlogs Mar 89 $I.I29($844) *****) 6(61 M Credit Mar 89 $***** ($1,379) —(07a) 08aU 9a) Metalock Mar 89 $3.482($2.0941 14 5(8 7) 8(8) Roxy Elect Dec 88 $14.3431Compliled by JULIANA TAY - 552 words
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340 1989-09-02 18 HONGKONG The results of Malaysia-listed Sime Darby Bhd are expected to get a major boost from its Hongkong subsidiary, Sime Darby Hongkong. The subsidiary has announced a 145-per cent jump in attributable profit to HK5393.5 million (5598.17 million), including a HK$lBB.9-million extraordinary item340 words
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Article, Illustration670 1989-09-02 19 KOH BEE ANN - King’s and Novotel may be restructured under new firm By KOH BEE ANN HAVING made property its main activity, the Hong Leong group is now looking to consolidate its hotel business. Sources said the property and finance group is now preparing670 words
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388 1989-09-02 19 TAN KEE WEE - TAN KEE WEE in Business Times SINGAPORE expatriates’ cost of living went up by 9.1 per cent between April 1988 and April this year, according to the latest study by the Singapore International Chamber of Commerce (SICC). This 9.1 per388 words
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Article742 1989-09-02 19 Current Ex Book* Date Total tor Total tor payment date clote payable the year laat year ABN 14% (II Aug 72 NYA Aug 31 '4% 28% Alex Hldgt 6% (W Aug 29 Sep 8 Sep 76 6% 6% Avimo I0%TEIII Oc' '6 Oct 26 Nov 15 '0%TE 25%TE742 words
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Article75 1989-09-02 19 HONGKONG-BASED Yung Pui Company Ltd has emerged as the second largest shareholder of Cycle Carriage Ltd with an agreement to buy 18.87 million shares or 15 per cent in the company for M55M.35 million (about 5569 million) Malaysia National Insurance Sdn Bhd and Malaysia75 words
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Article332 1989-09-02 19 Company RIGHTS ISSUE Benoya Corpn One-tor-one M$l X per shore Ex date: July 21 Books dose: Aug 4 Acceptance Poyment Sep 15 Causeway Inv Itenounceoble rights issue o! $7 25m nominal amount o! 6% unsecured notes with TSts to subscribe lor new Cousewy shores Shareholders will be allotted332 words
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Article325 1989-09-02 19 Company RIGHTS ISSUE Alcom Capital reduction from M$8‘ S6 to M$i6 3'm through o write down o* M$i par volue to M$0 20. followed by the consolidation o* 'we of *he JO sen shore mto one shore o* M$' each Rights issue o< 'hree for one M$080 Ayer325 words
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FORUM
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READERS' VIEWS ON THE BRAIN DRAIN
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897 1989-09-02 20 PRIME Minister Lee Kuan Yew’s National Day Rally speech on Sunday was one of the most inspiring and moving speeches that 1 have heard him make. On a light-hearted note, perhaps emigration among Singaporeans can be partly explained as a897 words
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640 1989-09-02 20 I WRITE this because I personally come from a family with many emigrants. All my uncles and aunts of my paternal side have emigrated to Canada but my father has chosen to stay. I feel strongly about this matter and I hope640 words
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Page 20 Advertisements
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Advertisement243 1989-09-02 20 7J.,.simiKlm,,- Now keeping in l 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 on243 words
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Page 21 Advertisements
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Advertisement1213 1989-09-02 21 APPOINTMENTS IH NZI BANK LIMITED MONEY MARKET DEALER To meet its Offshore Banking business expansion, NZI BANK LTD, SINGAPORE BRANCH invites applications to join its Treasury nave: Team. The ideal candidate should i At least 3 years experience in interest rate gap management in an At least j years experience1,213 words
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Page 22 Advertisements
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Advertisement1066 1989-09-02 22 **********111 l APPOINTMENTS amdahl Due to expansion and promotion within the company, Amdahl are anxious to hear from Systems Engineers who should be experienced in large systems, IBM software; of particular interest are MVS/XA, VM/SP or VM/XA, DOS/VSE, IMS, DB2, Communications, LANs, and Operating System conversions. Applicants for these positions1,066 words
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TIMESPORT
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XV SEA Games
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Article, Illustration497 1989-09-02 23 WILFRED YEO - By WILFRED YEO ONE, two, three, four, five, six... Singapore swimmer David I,im, chasing seven gold medals, had to stop the count at half a dozen at the Bandar Tun Razak Swimming Complex on Monday night. He was checked by Filipino497 words
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Article51 1989-09-02 23 G s B T INDONESIA 96 74 69 239 MALAYSIA 66 58 65 189 THAILAND 62 61 66 189 SINGAPORE 32 38 48 118 PHILIPPINES 26 37 64 127 BURMA 10 14 20 44 VIETNAM 3 11 5 19 BRUNEI 1 1 19 21 LAOS 0 1 051 words
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Article77 1989-09-02 23 G S B ATHLETICS 3 6 BADMINTON 2 BODYBUILDING 5 1 BOWLING 3 2 3 CYCLING 1 1 FENCING 1 4 3 GOLF 1 1 1 HOCKEY 2 JUDO 2 2 1 KARATE 1 3 SEPAK TAKRAW 1 SHOOTING 3 1 SILAT 3 12 SOCCER 1 SWIMMING77 words
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239 1989-09-02 23 IT WAS all over in 23.27 seconds not quite the time Ang Peng Siong wanted, but at least he had the Games 50 metres freestyle gold medal both he and Singapore desired at the Bandar Tun Razak Swimming Complex on Sunday night.239 words
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Article47 1989-09-02 23 LAOS, competing (or the first time In the SEA Games since 1173 (It was then known as the South-east Asian Peninsula Games) did not go home emp-ty-handed. Boxer Vongkok Chinda won a silver In the lightweight division after being outpointed by Indonesia’s Adrianos Taroreh.47 words
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Article, Illustration498 1989-09-02 23 MALAYSIA 3 SINGAPOREI SOCCER FINAL -8 TWO second-half goals within the space of a minute in pouring rain propelled Malaysia to a 3-1 victory and the gold medal over Singapore in the Sea Games soccer final at the Merdeka Stadium on Thursday night498 words
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Article38 1989-09-02 23 MALAYSIA: Beat Philippine* 3-0; beat Brunei 2-1; beat Indonesia 3-0 In Group A; beat Thailand 1-0 in semi-final. SINGAPORE: Drew with Thailand 1-1; beat Burma 4-0 in Group B; beat Indonesia 1-0 in semi-final.38 words
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Article25 1989-09-02 23 INDONESIA took the soccer bronze when they defeated Thailand 9-8 on penalty kicks after the match ended In 1-1 at (nil time.25 words
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Article, Illustration348 1989-09-02 23 – PETER SIOW - PETER SIOW. FORMER Singapore soccer goalkeeper Edmund Wee, who spent the past seven-and-a-half years as a professional with several Hongkong clubs, is back home for good. And he wants a place in the national team. Edmund, 31, said: “I hope to play in the forthcoming348 words
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687 1989-09-02 24 CATHERINE C. ONG - But international ‘insurance’ plan may pose keen competition By CATHERINE C. ONG Hongkong Correspondent HONGKONG Singapore’s bid to attract Hongkong immigrants is receiving “encouraging” response but may meet with potentially keen competition from an international safety net plan which may687 words
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Article, Illustration427 1989-09-02 24 Kalimullah Hassan - By Kalimullah Hassan writing lor Ihe Straits Times KUALA LUMPUR Prime Minister Datuk Seri Dr Mahathir Mohamad said on Thursday that he had appointed Datuk Musa Hitam, his former political rival and deputy prime minister, as Malaysia's special envoy to the Unitedwriting lor Ihe Straits Times - 427 words
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Article180 1989-09-02 24 favourable. — TAN LI AN CHOO - favourable. TAN LI AN CHOO. PARIS The International Conference on a peaceful settlement in Cambodia collapsed on Wednesday with the conflicting parties unable to even set a new date to resume the talks. Professor Tommy Koh, Singapore’s ambassador in Washington and a member of the Singapor delegation180 words
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228 1989-09-02 24 THE President and the Prime Minister have .sent congratulatory messages to the Yang di-Pertuan Agong and the Malaysian Prime Minister respectively, on the occasion of Malaysia’s National Day on Thursday. Both emphasised the existing good relations between the two countries and228 words
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300 1989-09-02 24 KUALA LUMPUR Prime Minister Datuk Seri Dr Mahathir Mohamad has said he believes Malaysians will be willing to lay down their lives to ensure national unity prevails. In his National Day address. broadcast over television and radio, Dr Mahathir300 words
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Article56 1989-09-02 24 THE Minister for Foreign Affairs, Mr Wong Kan Seng, will attend the four-day Non-Aligned Summit which opens in Belgrade, Yugoslavia, on Monday. Mr Wong will be accompanied by the Minister of State (Foreign Affairs), Brigadier-General (Res) George Yeo, Singapore’s Permanent Representative at the United Nations, Professor56 words