The Straits Times : Weekly Overseas Edition, 9 September 1989
1989-09-09
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The Straits Times : Weekly Overseas Edition
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Title Section20 1989-09-09 1 The Straits Times WEEKLY OVERSEAS EDITION SATURDAY, SEPTEMBER 9, 1989 Price: 551.20 (in Singapore) Elsewhere by subscription only MCI(P) 37/8/8920 words
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Article724 1989-09-09 1 TAN EE SZE - Electronic Road Pricing set to become a reality By TAN EE SZE THE Government has taken the first step towards an Electronic Road Pricing system for Singapore. An invitation went out to companies here and abroad to submit pre-tender qualifications for the project a724 words
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105 1989-09-09 1 THE Straits Times Industrials Index smashed through the psychological 1,400 barrier on Thursday, and then surged further ahead to end the week at 1,419.69 points for a hefty gain of 55.% points over last Friday’s close. It was the fourth successive post-October 1987 Crash high105 words
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Article, Illustration693 1989-09-09 1 FOREIGN Minister Wong Kan Seng has urged countries in the Non-Aligned Movement (NAM) to respond to the dramatic improvements in SovietAmerican relations by not seeking to dominate other member countries or engaging in conflict among themselves. “If we ourselves do not693 words
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532 1989-09-09 1 A US$4O MILLION loan, hailed by senior local bankers at its signing in 1985 as the first of many such deals to be arranged in Singapore for developments in China, has turned sour, reports Business Times yesterday. The borrower. China Empire532 words
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198 1989-09-09 1 A NATIONAL council has been set up to advise the Government on issues related to the family and the aged in Singapore. Minister of State for Education and Community Development, Dr Seet Ai Mee, heads the 19-member body the National Advisory198 words
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Page 1 Advertisements
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Advertisement76 1989-09-09 1 Asians in UK and Australia Special reports: Page 11 mm President Wee sworn in for second term PAGE 5 NEWS FOCUS 100 HK forex and treasury staff likely to work in S'pore PAGE 2 HOME Maths wizards of RJC win world contest PAGE 4 CAUSEWAY Is Musa Hitam back in76 words
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Advertisement13 1989-09-09 1 JinCERS' UNION i22 {xr.iKWvxn acipegaa* 31b? mi u« <uotn Membership has its privileges.13 words
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NEWS FOCUS
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367 1989-09-09 2 ALAN HUBBARD - Survey also shows whites feel as prejudiced against as non-whites By ALAN HUBBARD Europe editor Support for taxpayers’ cash to promote voluntary repatriation is greatest among Afro-Caribbeans 69 per cent were in favour, and 13 per cent against, compared to 54367 words
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Article, Illustration346 1989-09-09 2 CATHERINE C. ONG - By CATHERINE C. ONG Hongkong Correspondent HONGKONG Leading liberal leader Martin Lee and several legislative councillors are joining hands to launch what is set to become Hongkong's first political party. Mr I,ee has been invited to be a founding member of346 words
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140 1989-09-09 2 Reuter. HONGKONG Former Far East Bank chairman Deacon Chin, 63, will face 14 new (rand and false Information charges when he next appears In a Hongkong court, the Central Magistrate Court heard last week. His son David, a former director of theReuter. - 140 words
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452 1989-09-09 2 for Hongkongers. ALAN HUBBARD - for Hongkongers. ALAN HUBBARD. LONDON Britain is being urged to offer China billions of pounds to “buy” a longer lease on Hongkong, according to a report in a British newspaper. The plan, to be put to Foreign Secretary John Major when452 words
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Article, Illustration147 1989-09-09 2 A SINGAPOREAN was among three priests killed in a road accident in Chicago after their car was involved in a predawn crash with a van driven by a suspected drunken driver last Saturday. The three were identified as Rev Father John Bosco D’Cruz, 37147 words
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547 1989-09-09 2 SHARON LAU - By SHARON LAU ABOUT 100 Hongkong foreign exchange and treasury staff are expected to come over here in the next year to work, says the Singapore Foreign Exchange Market Committee. The committee's chairman, Mr Lim Ho Kee, said this week547 words
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131 1989-09-09 2 AFP. HONGKONG Almost half of Hongkong’s 5.7 million population want to emigrate before the British colony reverts to Chinese sovereignty in 1997, an independent survey showed here recently. The poll, conducted by Consumer Search Hongkong Ltd, said 43.46 per cent wanted to leave.AFP. - 131 words
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374 1989-09-09 3 BANGKOK Thailand will offer work permits and permanent residence to font groups of foreigners in a new move to lure businessmen and professionals from Hongkong into the country. The special offer is part of a new law which will come into374 words
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276 1989-09-09 3 IMMIGRATION laws in Singapore still favour employers of illegal workers despite a new move to cane the bosses for the offence, a spokesman for the Foreign Ministry in Thailand told the Lianhe Zaobao newspaper. The paper reported on Tuesday that the spokesman276 words
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Article, Illustration586 1989-09-09 3 YANG MEI LING - Building declared structurally sound after checks By YANG MEI LING ABOUT 40 workers rushed out of a factory building in Moonstone Lane, off Serangoon Road, on Tuesday evening after rows of floor tiles in the canteen started popping out with loud fire586 words
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Article, Illustration367 1989-09-09 3 KUALA LUMPUR Selangor Mentri Besar Tan Sri Muhammad Taib has taken a month’s leave abroad to enable him to sort out a family problem arising from his second marriage to a member of the Malay royalty, the Ma-lay-language367 words
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Article201 1989-09-09 3 A SALES executive stole wallets from the unattended handbags of four women while they were on the dance floor during their company’s dinner and dance. Ronnie Christopher Smith, 27, admitted in a court on Thursday to stealing cash totalling $6BO and some cards from201 words
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Article79 1989-09-09 3 Reuter. BANGKOK A US Navyship has rescued more than 140 Vietnamese boat people drifting at sea and took them to the Thai seaside resort of Pattaya, a Thai immigration official said. Colonel Thawatchai Charoenporn said the combat supply ship San Jose picked up 143Reuter. - 79 words
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HOME
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Article, Illustration485 1989-09-09 4 Singapore’s top scorer Yong Yeow ranks among world’s Top 10 RAFFLES Junior College has beaten 6,000 schools worldwide to emerge tops in an international mathematics competition held in March this year. The college which took part in the test by the Mathematical Association485 words
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390 1989-09-09 4 SINGAPORE’S economic progress in the last 25 years will be highlighted in a new American television series on developing nations. Mr Pranay Gupte, 41, managing editor of the International Commentary Service, was in Singapore for about 10 days to390 words
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443 1989-09-09 4 BRENDAN PEREIRA - By BRENDAN PEREIRA THE instant urine-testing machine installed at Woodlands Checkpoint last year to detect drug addicts has sharply curbed "ant trafficking" by Singaporeans but the menace still remains their role has been taken over by foreigners. Unlike Singapore "ant443 words
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Article, Illustration335 1989-09-09 4 THE deputy managing director of Inchcape Investment Singapore Pte Ltd, Mr A. C. Nicholson, was found dead at his home in Regent Garden, West Coast Road, last Friday. He was found dead in bed by his wife at about 8.45 pm Mr Nicholson,335 words
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77 1989-09-09 4 THE South-West Monsoon has made last Monday the coldest September day in 56 years. The meteorological service said that the lowest temperature on Monday was 20.8 deg C, recorded at its Tengah weather station. This makes Monday just a shade warmer than the coldest77 words
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Article, Illustration309 1989-09-09 5 SEEING Singapore improve every year in the faee of “gloomy predictions" is newly re-elected President Wee Kim Wee’s “greatest wish” for his second four-year term. Replying to reporters’ questions after being sworn in at the Istana State Room last Saturday, the 73-year-old309 words
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Article, Illustration206 1989-09-09 5 ROSES and reminiscences those were the main subjects of conversation between President Wee Kim Wee and teachers at a garden party held in their honour at the Istana last Friday evening. The roses cropped up as teachers revealed how many they received during Teachers’ Day.206 words
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408 1989-09-09 5 THE Government will introduce legislation by the end of the year to pave the way for government schools to go independent. Education Minister Dr Tony Tan said Saturday night that this was being done because more schools are408 words
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Article, Illustration244 1989-09-09 5 THE loudest applause at the third session of this year’s convocation went to top medical graduand Dr Toh Kong Leong, who achieved the rare distinction of MBBS (Honours) and also walked away with six prestigious prizes. According to a National University244 words
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Article, Illustration654 1989-09-09 6 Firms warned: Govt may act sooner if you move too slowly Employment Act may also be amended to attract housewives, retirees to workforce TO EXPAND Singapore’s labour pool, the Government may soon introduce new legislation to raise the retirement age to 60. It654 words
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Article, Illustration266 1989-09-09 6 A HOUSEWIFE was on Wednesday ailed for five years and two months for trafficking in heroin and consuming morphine. Patricia Jane Weers, 24, admitted selling two straws of heroin with a combined weight of 0.03 g to a narcotics officer posing as a266 words
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557 1989-09-09 6 CEPHAH TAN - But many find explicit diagrams are helpful By CEPHAH TAN FIRST they were embarrassed. Then they agreed that the pamphlets they were reading were educational, after perusing them thoroughly' These were the reactions of some people when shown the explicit step-by-step diagrams in the557 words
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271 1989-09-09 6 ACTION For Aids (AFA), the organiser of an Aids education campaign, is taking a pragmatic approach despite having created ripples among some religious groups. The message of the two-week campaign, “Aids and Safer Sex”, is that Aids can he prevented through abstinence, harrier271 words
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278 1989-09-09 6 ONE of Singapore's biggest shrimp processors. Hock Bee Frozen Food Enterprise, is gearing up its Jurong plant to enable it to comply with European market standards. This follows its clinching of a manufacturing contract from British-based Fathom Seafood, the wholly-owned subsidiary of food giant CIM278 words
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Article, Illustration364 1989-09-09 7 VISITORS to Sentosa will in less than three years’ time soon be able to experience a potpourri of Asian culture in one visit. The tender for the proposed Asian Cultural and Entertainment Village, won by Jit Leisure, was signed364 words
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371 1989-09-09 7 BOAT Quay in the 19th century, the Hock Lee bus riots, the Japanese invasion and other milestones in Singapore’s history will be part of a special Omnimax film to celebrate the nation’s 25th anniversary next year. The film, Homeland, to371 words
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461 1989-09-09 7 OPPOSITION politician J. B. Jeyaretnam this week called on the Government to waive diplomatic immunity for Singapore’s High Commissioner in London, Mr Abdul Aziz Mahmood, over a letter the diplomat had written to The Times in response to461 words
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312 1989-09-09 7 USERS of car phones, hand phones and portable phones will soon be able to know who is calling them even before they pick up the phone. A new service, to be introduced by Singapore Telecom from October 1, will312 words
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85 1989-09-09 7 NEARLY 1,300 people are currently being detained in Singapore under the Criminal Law (Temporary Provisions) Act. This was disclosed in Parliament by Home Affairs Minister S. Javakumar in a written reply to a question from Non-Con-stituency MP Lee Siew Choh. Of the total of85 words
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85 1989-09-09 7 DATES for the trial of Hong Leong Corporation executive director Kwek Leng Keow on a corruption charge will be fixed next week. The prosecution last Saturday asked a district court to order Kwek’s passport impounded. Mr S. Rajendran. defending, did not oppose the application. Kwek,85 words
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Article, Illustration132 1989-09-09 8 AMID the wailing of sirens. }x?ople ran helter-skelter along a smoke-filled corridor of a block of flats, while on the ground lay the bloody bodies of the dead and wounded. Screams of pain filled the air. This scenario in Singapore after a132 words
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297 1989-09-09 8 A BOOK on how intellectuals. ideology and information affect the workings of a democracy was launched this week by the National University of Singapore Students’ Political Association. Entitled Thinking About Democracy, it is a collection of nine essays by various academics, lawyer and writer297 words
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125 1989-09-09 8 FINAL-YEAR law students do not have to wait until they are called to the Bar to join the Singapore Academy of I «aw. Unlike the Law Society, which only allows legallyqualified persons to join its ranks, the academy will admit final-year law students at125 words
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Article203 1989-09-09 8 A TEAM of six Members of Parliament, four of them Government Parliament Committee chairmen, leave for the United States today on a three-week visit. The team, led by the Defence and Foreign Affairs GPC chairman Mr S. Chandra Das, will visit Washington, New203 words
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356 1989-09-09 8 IndonesiaS’pore panel on Batam to be set up Visiting minister meets PM A JOINT Indonesia-Singa-pore working committee is to be set up in a month's time to work out the specifics of developing closer economic co-operation between Batam and Singapore. The visiting Indonesian State Minister for Research and Technology, Professor356 words
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286 1989-09-09 8 THE British government has doubled the number of scholarships awarded to Singaporeans this year. Last year, the British High Commission awarded 12 one-year post-graduate scholarships to Singaporean students. But this year, with additional contributions from members of the British Business Association (BBA), 15 more286 words
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Article34 1989-09-09 8 MORE than 5,000 suspected illegal video tapes worth about $40,000 were seized by a raiding party at Genting I-ane early yesterday morning. Police have detained five men in their mid-20s.34 words
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Article150 1989-09-09 8 CANADIAN Prime Minister Brian Mulroney will visit Singapore next month to deliver the 1989 Singapore Lecture. The 50-year-old premier will speak on the topic, Trade Outlook Globalisation or Regionalisation. He will be the third serving Prime Minister to speak in the lecture series, the others150 words
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across the CAUSEWAY
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Article, Illustration773 1989-09-09 9 KALIMULLAH HASSAN - By KALIMULLAH HASSAN, Writing for The Straits Times KUALA LUMPUR The appointment of former Deputy Prime Minister Datuk Musa Hitam as Malaysia’s special envoy to the United Nations could signal his return to national politics, political observers say. But it could also773 words
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346 1989-09-09 9 KUALA LUMPUR Two Malaysian Chinese Association (MCA) ministers have called on the government to adopt a national culture that reflects the multi-racial composition of the country’s population. "Malaysia being a multiracial society, its national culture should include cultural traits of the various346 words
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100 1989-09-09 9 KUALA LUMPUR Two former prime ministers and an ex-minister have withdrawn their appeal here against a lower court decision rejecting their application for an interim Injunction to stop Umno from recruiting members. No reasons were given for the withdrawal. The application by Tunku Abdul100 words
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273 1989-09-09 9 KOTA BARU The leader of the Spirit of ’46 party, Tengku Razaleigh Hamzah, has said that the opposition Islamic United Front (Angkatan Perpaduan Umah) needed only a 2 or 3 per cent swing in votes to capture Kelantan and onmly a273 words
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684 1989-09-09 9 KALIMULLAH HASSAN - KALIMULLAH HASSAN. KUALA LUMPUR Prime Minister Datuk Seri Dr Mahathir Mohamad’s recent nationwide tour shows that while Umno has consolidated its position as Malaysia’s premier political party in most states, it is still facing problems in the eastern states of Kelantan684 words
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165 1989-09-09 10 AFP. KUALA LUMPUR Malaysian police have identified several terrorist groups planning to sabotage the Commonwealth Heads of Government meeting (CHOGM) to be held here next month. “We believe the groups will take full advantage of the summit meeting of soAFP. - 165 words
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629 1989-09-09 10 PENANG Motor tycoon Tan Sri Loh Boon Siew does not believe that his son. Kah Kheng, committed suicide more than two years ago. The Star newspaper reported yesterday. In his testimony before a coroner's court here on Thursday. Tan Sri Ix>h629 words
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Article74 1989-09-09 10 AFP KUALA LUMPUR Immigration officers at the Malaysian-Thai border are questioning Thai women entering Malaysia to screen prostitutes who could spread the Aids virus, officials said. “Only women suspected of prostitution are being quizzed." said Mr Baharom Talib, the immigration chief in Kelantan. HeAFP - 74 words
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95 1989-09-09 10 JOHOR BARI A coun-try-wide hunt is on for eight prisoners all facing possible death sentences on drug trafficking charges escaped who escaped from jail here early on Monday. Johor police said the eight men escaped b\ using ftedsheets to scaie tne prison's 8-m high wall95 words
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232 1989-09-09 10 THE Malaysian Chinese Association is planning to sell 39 per cent of its stake in The Star newspaper to settle bank loans amounting to Ms2o million (5514.5 million), Lianhe Zaobao reported on Wednesaday. It quoted senior MCA sources as232 words
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Article42 1989-09-09 10 JAKARTA At least nine young children have died after eating contaminated biscuits in Palembang and Jamb: in southern Sumatra. according to reports yesterday. Police have detained two retailers and o>-dered the local biscuit factory to stop production.42 words
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353 1989-09-09 10 BANGKOK The Thai Education Ministry is considering easing restrictions on the teaching of the Chinese language in the country. The Bangkok Post said the ministry's move, if approved by the Cabinet, would allow government and private elementary schools to expand Chinese language353 words
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308 1989-09-09 10 BANGKOK Anti-Aides campaigns in Malaysia and Singapore have plunged the tourism industry in the southern Thai city of Haadyai into one of its worst crises in recent years. The Nation reported. It quoted local businessmen and officials as saying that the number of308 words
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Article139 1989-09-09 10 AP. AFP. MANILA President Corazon Aquino has defended her brother against allegations that he was involved in gun running and promised there would be "no whitewash" of a case that has implicated one congressman. Last Tuesday, Customs agents at Ninoy Aquino International Airport seized 314 handgunsAP.; AFP. - 139 words
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121 1989-09-09 10 BANGKOK Thailand's Cabinet has agreed to draft a wide-ranging internal security act to replace an an-ti-communist law which the army considers obsolete, a government spokesman said. Spokesman Suvit Yodmani said the Cabinet had assigned the National Security Council (NSC) and the Juridical Council, which121 words
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COMMENT / Perspective
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Article, Illustration968 1989-09-09 11 ALAN HUBBARD - By ALAN HUBBARD Europe Editor Racial discrimination is often a fact of life for Asian immigrants living in “white” countries. In Britain, however, young Asians, fed up with years of abuse from white neighbours, are now hitting back, often with violent results.968 words
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1005 1989-09-09 11 NICHOLAS WAY, in Melbourne - Just how deeprooted is antiAsian feeling in Australia? By NICHOLAS WAY, in Melbourne writing for The Straits Times Case 1: Five members of the extreme right-wing organisation, the Australian Nationalist Movement, were charged in court recently with offences against members of the Chinese community in Perth. The charges link them1,005 words
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Article, Illustration1200 1989-09-09 13 People need to feel wanted, if not loved, especially by a government which seems always to talk from the head and not from the heart, writes BERTHA HENSON in The Sunday Times. “LOOK, why are you talking to people1,200 words
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Article, Illustration984 1989-09-09 13 TAN SAI SIONG - By TAN SAI SIONG in The Sunday Times FRANKLY can you take seriously anything said by a man who professes a deep-seated fear that eating bananas without peeling off the fine string*threads running along the segments of the fruit would give him leprosy?in The Sunday Times - 984 words
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COMMENT / Pick of the week’s editorials
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Article628 1989-09-09 12 SEPT 9. 1989 GOING by what happened this week in Belgrade. the Non-Aligned Movement may not be about to slip into oblivion after all. or worse, die at the ripe old age of 28. For one thing, its moderate members have succeeded in recapturing the movement from628 words
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Article652 1989-09-09 12 SE p ■989 THF. new and controversial dental health care scheme being marketed by the American International Assurance, which led many dental surgeons to make unhappy noises last weekend, bears analysis because dental p; tients may willy-nilly find themselves shortchanged. It also deserves closer scrutiny because652 words
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Article599 1989-09-09 12 SE°T 7. 1989 JUST over a year ago, Singaporeans returned to power a People's Action Party dominated by second-generation leaders. At the traditional post-election news conference in the wee hours of the morning of Sept 4. Mr Lee Kuan Yew said of his party’s decisive victory: “The599 words
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587 1989-09-09 12 DOING IT BIG DOING it big. doing it in style. The Old Pupils’ Association (OPA) of the Anglo-Chinese School in Sitiawan, Perak, did exactly that and with passion too when, for the first time, it held its recent reunion dinner here for587 words
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Article155 1989-09-09 12 “Wang Meng is a famous writer and has several times asked to withdraw from his post to put all his energy into literary work and arts criticism. A National People’s Congress standing committee meeting decided to respect his wishes.” The Chinese media reporting the removal of Mr Wang155 words
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TIME$
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Article, Illustration643 1989-09-09 14 DOREEN SIOW - Design scheme submitted with $369m bid 'unacceptable' By DOREEN SIOW ONE day after the Urban Redevelopment Authority said it had postponed awards for three prime sites under a major land sale held in June, it announced results for two of the643 words
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Article56 1989-09-09 14 RIVERVIEW Rubber Estates Bhd has reported a loss after tax of M 5484.000, compared with a profit of M 51.19 million, for the six months ended June 30. 1989 Loss per share came to 4.5 sen (EPS of 11.1 sen). An interim dividend of 10 per cent less tax56 words
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Article, Illustration458 1989-09-09 14 CHOW CHEE SUN - By CHOW CHEE SUN PRIMA Ltd’s Cheng family has failed to get full control of the diversified flour miller through its general cash offer. At the close of the offer last Friday, Cheng Wang, a Hongkong-incorporated company owned by Prima’s executive chairman and founder Cheng458 words
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Article158 1989-09-09 14 COUNTER RATES Singapore dollars to ona unit of foreign currency US dollar Buying OD 1 9670 Selling 1 9850 Sterling pound 3.0364 3.0877 Australian dollar 1 4885 1 5275 Canadian dollar ***** 1 6801 NZ dollar 1.1493 1.1831 Singapore dollars to 100 units of foreign currency Austrian schilling158 words
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Article, Illustration354 1989-09-09 14 TWO men behind TradeNet the Singapore-devel-oped computerised network for trade documentation have been nominated for an international award in the United States. Mr Yeo Seng Teck, Chief Executive Officer of the Trade Development Board (TDB), and Mr Ko Kheng Hwa, Divisional Director,354 words
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161 1989-09-09 14 HTP HOLDINGS made an extraordinary gain of $34.7 million from the sale of TaiPan Ramada Hotel, after deducting expenses and professional fees, chairman Jack Chia has disclosed in his annual statement. The sale helped to push HTP’s net tangible assets to 99 cents161 words
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210 1989-09-09 14 Town City goes deeper into the red THE first half year has been another dismal period for financial-ly-troubled Town City Properties Ltd, which went deeper into the red. Group pre-tax loss worsened to $176,000 for the six months to June 30 from a loss of $43,000 in the previous corresponding210 words
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719 1989-09-09 15 DOREEN SIOW - One-for-two bonus issue proposed as profit soars to record $365m By DOREEN SIOW SIME Darby shareholders are in for a bonus as the Malaysian conglomerate reports a record group pre-tax profit of M 5505.3 million (*****.07 million) for the year ended June719 words
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168 1989-09-09 15 KINGS Hotel Ltd, the listed hotel arm of the Hong Leong group, has entered into an agreement to buy the Orchid Hotel in Penang for Ms 46 million (5533.2 million). A statement from the company said the purchase is through its168 words
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212 1989-09-09 15 KI'ALA LUMPUR Genting Berhad. the holiday resort operator with interests in plantations and gaming as well, has turned in a group pre-tax profit of M 5139.6 million (*****.34 million) for the half-year ended June 30. up 39 per cent from the previous212 words
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362 1989-09-09 15 HERMAN PHUA - HERMAN PHUA in Business Times GUINNESS Malaysia Bhd. which is proposing a merger with Malayan Breweries (M) Sdn Bhd, a whollyowned subsidiary of Singa-pore-based Malayan Breweries Ltd. has turned in a sturdy 4()-per-oent rise in group earnings for the six months ended Junein Business Times - 362 words
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258 1989-09-09 15 INCREASED consumer spending, partly from the improved tourist trade, led the way for Japanese department store Isetan to declare a 19-per cent increase in interim after tax profit to $9.31 million. Turnover also increased by the same percentage to $120.13 million, while258 words
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687 1989-09-09 15 Sharemarket review STRONG buying support pushed the Straits Times Industrial Index to four successive post-October 1987 Crash highs this week and saw the key indicator of the market’s health clearing the psychological 1,400-hurdle with ease on Thursday. Prices continued to surge ahead yesterday, and although687 words
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Article6969 1989-09-09 16 Al 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 106,969 words
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Article263 1989-09-09 17 Manager's prices for September 9 11 Singapore Unit Trust The Commerce l 23 —130 The Savings fund 1 09- 1 15 Spore Prog Fund 049-0 53 S pore Sec Fund 077—0 82*d Spore Invest fund 0 86 0 91 Spore Fquity Fund 0 58 0 62 Asia Unit263 words
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Article691 1989-09-09 17 Frktay Siplinbir 9 HKS 1Amoy Properties 3 225 0 075 Asia Sec Int't 015 0 075 Asia Sec War 91 056 002 Bank ot EA 14 40 040 Bond Corp Int'l 1 79 0 01 Bond Corp War 91 084 0 01 Cable Wireless 70 00 250 Cate de691 words
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Article64 1989-09-09 17 THE Straits Times Industrials Index roar 55.96 points on the week to 1,419.69 points. Dav-to-dav indices: MONDAY': 1,382.28 points (up 18.55); 131.98 m units (slM.49m); TI'ESDAY: 1,388.88 (up 5.8); 92.8 m units (3179.55 m); WEDNESDAY: 1,391.88 (up 8.8); 198.82 m units (8193.8 m); THIRSDAY: 1,496.83 (up 9.95);64 words
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Article61 1989-09-09 17 THE New Straits Times Industrials Index rose 114.33 points on the week to 2,523.21 points. MONDAY: 2,439.47 points (up 39.59); 47.789 m units (valued M592.193m); TI'ESDAY: 2,449.17 (up 9.7); 47.615 m units (M597.141m); WEDNESDAY: 2,464.66 (up 15.49); 57.228 m units (M3197.721m); THI RSDAY: 2,491.19 (up 26.44); 76.71461 words
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Article48 1989-09-09 17 THE Hongkong Hang Seng Index rose 81.72 points to 2,629.63 on MONDAY: 2,559.25 points (up 404); turnover HK5728.74 million; TI'ESDAY: 2,572.41 points (up 22.16); turnover HK3841.25 million; WEDNESDAY: 2,577.62 (up 5.21); HK3693.87 million; THURSDAY: 2,583.16 (up 5.54); HK5796.54m11U0n; FRIDAY: 2,629.63 (up 37.47); HKSI.I2 billion.48 words
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Article, Illustration423 1989-09-09 18 KOH BEE ANN - Several other companies may follow suit By KOH BEE ANN HONGKONG shipping company. International Maritime Carriers Holdings, on Wednesday applied for a listing of its entire share capital and warrants on the Stock Exchange of Singapore. If successful, it will be the423 words
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120 1989-09-09 18 A LITTLE-KNOWN Hongkong company has emerged as a substantial shareholder of food-hased QAF Ltd. In a statement to the Stock Exchange of Singapore, QAF said It had been notified that Beauty Centre Investment Ltd had bought 22.6 million QAF shares on Sept 5.120 words
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480 1989-09-09 18 Catherine C. Ong - By Catherine C. Ong Hongkong Correspondent HONGKONG Hongkong businessmen looking to cross-list their companies in Singapore and other regional bourses such as Bangkok to redress their low ratings at home may find the exercise futile, investment analysts here said. Cross-listings have not achieved the480 words
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191 1989-09-09 18 KEPPEL Corporation Ltd has appointed Far East Levingston Shipbuilding Ltd’s general manager and director, Mr Tong Chong Heong, as a group executive director. Mr Tong, who has been with the Keppel group since February 19(10 and who was seconded to subsidiary FELS in January191 words
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495 1989-09-09 18 this year – KOH BEE ANN - this year KOH BEE ANN. AN EXTRAORDINARY gain of $50.8 million from the sale of The Promenade in Orchard Road boosted First Capital Corporation's bottom-line profit to $66.34 million for the 18 months to June 30 this year. This was495 words
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Article100 1989-09-09 18 DIVERSIFIED property group Parkway Holdings has incorporated a Malaysian subsidiary, Gleneagles (Malaysia) Sdn Bhd, to be its holding company for the proposed purchase of a Malaysian hospital. Parkway recently entered into an agreement to pay about $lO million for a 70-per cent stake in100 words
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309 1989-09-09 18 ELAINE KOH - ELAINE KOH. DBS BANK has sold 1.9 million shares in the Insurance Corporation of Singapore, garnering $14.5 million, and losing a subsidiary at the same time. With the sale, DBS Bank’s shareholding in the insurance company has been reduced to 49.8 per cent,309 words
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161 1989-09-09 18 HIGHER commodity prices have raked in a hefty profit for plantation group Highlands and Lowlands Bhd for the first six months of the year ended June 30. During the period, group after-tax profit rose 19.14 per cent to M 522.55 million from161 words
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80 1989-09-09 18 SINGAPORE reinsurance Corporation posted an 8-per cent increase in pre-tax profit to $3.8 million for the six months ended June 30. For the period under review, group turnover increased 11.2 per cent from $22.9 million to $25.4 million. Investment income rose 16.4 per80 words
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413 1989-09-09 19 SIVAM SUBRAMANIAM - By SIVAM SUBRAMANIAM WHILE operating at full capacity right now, two of Singapore's largest shipyards are hedging against any possible future downturn in the industry by going into long-term ship-repair agreements with one of the world’s largest tanker operators. The two, Jurong413 words
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503 1989-09-09 19 DOREEN SIOW - By DOREEN SIOW MANUFACTURING and property group United Industrial Corporation (UIC) has sold its entire 19.2-per cent stake in Brunei-back-ed QAF Ltd, reaping a profit of $11.7 million in the process. The 54.25 million shares of503 words
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235 1989-09-09 19 UNITED Industrial Corporation’s l-for-2 rights issue of 151.75 million shares is 98.3per cent accepted. At the close of the rights issue at 4 pm on last week, acceptances and excess share applications for a total of 180.88 million rights shares at $1.50 each were received.235 words
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183 1989-09-09 19 FOREIGN Investors got nearly $l7 billion in profits out of their investments in Singapore over the nine years from 1979 to 1987. Finance Minister Richard Hu said this in a written reply to a parliamentary question from Non-Constituency MP Lee Siew Choh, who183 words
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Article800 1989-09-09 19 Week ended September 1 Compiled by JULIANA TAY AUDITED RESULTS Company Year to Group Net Net earning* Groaa profit/Iota (L) per ahare dividend (’000) (centa) Berjuntai Apr 89 M$7,04K$1.052) 23 M3 41 30(71 J C Em Mo- 89 M$2.557($2 444) 9 2(88) 10(8) PRELIMINARY RESULTS Company Year toCompiled by JULIANA TAY - 800 words
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258 1989-09-09 19 CENTRAL Properties, a listed company controlled by hotelier Tan Sri Khoo Teck Puat, has made a small comeback by registering a 5 per cent increase in its interim pre-tax profit to $1.77 million for the first half of the year. The result is achieved258 words
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FORUM
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469 1989-09-09 20 Consider their applications before those of others ON THE LIBERALISED IMMIGRATION POLICY AWARE supports the policy of selective immigration from traditional sources (Population: An Issue of Current Concern Aware Position Paper No. 1, 1988) as one of the ways of tackling the problem of469 words
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503 1989-09-09 20 ON THE BRAIN DRAIN I REFER to the speech made by Non-Constituency MP I>ee Siew Choh at the recent Workers' Party National Day rally held at the Queenstown Sports Complex. Dr l,ee over-simplified the problem of emigration by concluding that503 words
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Page 20 Advertisements
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Advertisement240 1989-09-09 20 Ihr NmiiN'lliiK'N 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 the240 words
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Advertisement139 1989-09-09 20 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 or, starting139 words
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Page 21 Advertisements
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Advertisement559 1989-09-09 21 APPOINTMENTS The National Productivity Board (NPB) invites applications from Singapore Citizens/Permanent Residents for appointment as: A SYSTEMS ANALYST B ANALYST PROGRAMMER Requirements: Candidates must possess a Degree in Computer Science or Science trom a recognised University Candidates should have experience in programming in COBOL Candidates with experience in an IBM559 words
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Advertisement878 1989-09-09 21 1 1 1 1 1 1 I ,1 We are an American Manufacturer with Head-quarter in California. We manufacture nigh quality metering pump» for oil gas, chemical, pulp paper, pharmaceutical, petrochemical, electronic, pilot plants and food processing industries. REGIONAL SALES ENGINEER (5536,000.00 to 5548,000.00 per annum) excluding car allowance The878 words
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Page 22 Advertisements
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Advertisement713 1989-09-09 22 APPOINTMENTS We re a dynamic and market-dnven organisation that believes in providing the most innovative products and best quality service to achieve customer satisfaction. You'll go places when you join us because we’ve the vision for growth. Watch your career take off with us because we've both the challenges and713 words
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Advertisement438 1989-09-09 22 1 B*SBfc FINANCE AND SYSTEM CONTROLLER We are a fast expanding Swedish-based Company manufacturing Electncal and Electronics Products for supplies ail over the world We are seeking the above key personnel to co-ordinate fund flow and other transactions for our group of Companies in Sweden, USA. Bangladesh, Germany, Malaysia etc438 words
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TIMESPORT
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Article, Illustration559 1989-09-09 23 JOE DORAI - A DEFEAT AND A DRAW VIRTUALLY WIPE OUT M-CUP LEAGUE TITLE HOPES SINGAPORE 1 JOHOR 1: By JOE DORAI SINGAPORE suffered their third setback within a week with an unexpected 1-1 draw against Johor in the Semi-Pro Division One Malaysia Cup match559 words
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Article588 1989-09-09 23 WILFRED YEO - SELANGOR 1 S’PORE 0: By WILFRED YEO KUALA LUMPUR Selangor on Sunday night left their troubles in the Merdeka Stadium locker-room to give Singapore some problems of their own, contriving a 1-0 victory in their Malaysia Cup SemiPro League soccer match. The hosts’ catalogue of588 words
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Article, Illustration480 1989-09-09 23 ATHLETICS by ALAN HUBBARD BARCELONA Suddenly, they are talking bigtime and Singapore is right there on the inside track. Their seven-strong delegation. led by athletics supremo Loh Lin Kok. who have come to woo the World Cup to Singapore in 1993,480 words
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84 1989-09-09 23 S'PORE LADIES GOLD OPEN FILIPINA Sylvia Torres starved off a late challenge from Kee Bee Khim to defend her Singapore Ladies Golf Association Open title at Tanah Merah Country Club on Thursday. Sylvia. 25. carded a seven-over-par 79 to finish the 54-hole84 words
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Article49 1989-09-09 23 TOP SEED Sigaporean Mah Li Lian beat thirdseeded compatriot Chia Chew Lian 44>4,*-2,9-7 to win the women’s title in the Japan Open sqnash championship last Saturday. In the men’s final, No 2 seed Australian Dean Williams npset top seed Patrick Coll, of Hongkong. ,>9.5-9„v9.49 words
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Article, Illustration398 1989-09-09 24 They have failed to consider interests of poor nations in their actions, he says Non-Aligned Summit in Belgrade Agencies, BELGRADE Malaysian Prime Minister Datuk Seri Dr Mahathir Mohamad has blamed the top Western industrialised nations for many of the Third World's economic problems and accusedAgencies, - 398 words
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218 1989-09-09 24 Reuter. BELGRADE Asean agreed to accept a compromise resolution on Cambodia at the NonAligned Summit on Wednesday as diplomats worked on a series of bland statements to paper over their differences on regional conflicts. The way was cleared for the compromise statement onReuter. - 218 words
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220 1989-09-09 24 BANGKOK Prime Minister Lee Kuan Yew will make a two-day visit to Thailand on Sept 18-19, during which he will hold informal talks on various political issues with his Thai counterpart and other government leaders, a Bangkok newspaper reported on Wednesday. The220 words
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Article40 1989-09-09 24 THE governments of Singapore and the South Pacific island of Kiribati have agreed to establish diplomatic relations immediately. A Ministry of Foreign Affairs statement on Thursday said that the move was to strengthen and develop friendly relations.40 words
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Article, Illustration311 1989-09-09 24 MALAYSIA’S Information Minister Datuk Mohamed Rahmat has urged Singapore to review its offer to provide military facilities for American forces, the Mingguan Malaysia reported. Mingguan, the Sunday edition of the Malay-lan-guage daily, Utusan Malaysia, quoted Datuk Mohamed, who is also311 words