The Straits Times : Weekly Overseas Edition, 16 September 1989
1989-09-16
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The Straits Times : Weekly Overseas Edition
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Title Section20 1989-09-16 1 The Straits Times WEEKLY OVERSEAS EDITION SATURDAY, SEPTEMBER 16, 1989 Price: 551.20 (in Singapore) Elsewhere by subscription only MCI(P) 37/8/8920 words
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Article, Illustration669 1989-09-16 1 BEN DAVIDSON - slm bail extended on appeal By BEN DAVIDSON FORMER United Overseas Bank Deputy Chairman and one-time alternate director of Standard Chartered Bank (SCB) Allan Ng Poh Meng was sentenced to one year’s jail by a district court this morning (Sept 16) in669 words
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Article, Illustration1161 1989-09-16 1 marudin said. NST, Bernama. KUALA LUMPUR THE Sultan of Selangor has declared that he would have nothing more to do with his Mentri Besar, Tan Sri Muhammad Taib, who secretly married his thrice-divorced second daughter, Tengku Puteri Zahariah, 39, in Kelantan two yearsmarudin said. — NST, Bernama. - 1,161 words
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Article265 1989-09-16 1 ALLAN NG on Monday apologised to Attorney-General Tan Boon Teik for unfounded allegations he made last year. The accusations had led to an unprecedented parliamentary statement by Prime Minister Lee Kuan Yew who cleared the Attor-ney-General of any wrongdoing or improper conduct. Ng’s surprise public265 words
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Page 1 Advertisements
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Advertisement86 1989-09-16 1 S’pore, Equator’s first developed city by 1999: Back Page NEWS FOCUS London Times again refuses to publish envoy’s letter PAGE 3 HOME Singapore design award winner clinches sllm contracts PAGE 6 Heroic leaders may not oe the best for today, says PM PAGE 8 Land in HDB towns to be86 words
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Advertisement5 1989-09-16 1 £3 Membership has its privileges5 words
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NEWS FOCUS
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Article, Illustration824 1989-09-16 2 BEN DAVIDSON - Case takes dramatic turn after 77 days’ hearing By BEN DAVIDSON FORMER banker-turned-businessman Allan Ng's marathon insider trading trial took a dramatic turn on Monday when he unexpectedly changed his plea to guilty after 77 days of hearing, the824 words
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315 1989-09-16 2 “IF EVER a man has been punished beyond all reasonable retribution before he even came to be sentenced by the court, this Is that man,” said Mr John Mathew, QC, In his mitigation plea for Allan315 words
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Article, Illustration92 1989-09-16 2 VISITING Vice-Chancellor of Cambridge University, Mr Michael McCrum (above), called on the Prime Minister Lee Kuan Yew on Tuesday. Among the issues they discussed during their 45-min-ute meeting, said Mr McCrum later, were examinations, the need to maintain high academic standards, excellence in schools92 words
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512 1989-09-16 2 CATHERINE C. ONG - By CATHERINE C. ONG Hongkong Correspondent HONGKONG The Hongkong government expects the number of people leaving the colony to increase next year, worsening the brain drain that has been worrying the authorities. At a press conference last Friday, a member of the512 words
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326 1989-09-16 2 eligible applicants.— CATHERINE C. ONG - eligible applicants.— CATHERINE C. ONG. HONGKONG The Singapore Government immigration firm SMC (HK) has been invited by companies in Hongkong to go to their premises to conduct mass interviews with employees who wish to apply for immigration visas to Singapore.326 words
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Article159 1989-09-16 2 ELEVEN Hongkong couples, who have got in-principle approval for permanent residence here, were in Singapore this week to see what life in Singapore is like. The young couples, who are in the skilled and technical professions, arrived last Sunday and left for home yesterday.159 words
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Article, Illustration249 1989-09-16 3 BATU P.AHAT Four Singaporeans died and 18 others, including foreigners, were injured when their tour bus skidded on a wet road in pitch darkness and plunged into a ravine at Farit Sulong near here last Saturday. Police identified the dead as MadamNST picture. - 249 words
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165 1989-09-16 3 BANGKOK A luxury “Orient Express” rail service from Thailand to Singapore. covering a distance of about 2,000 km, is expected to be operational in two years, the Bangkok Post reported yesterday. The State Railway of Thailand (SRT) said the company behind the project, London-based165 words
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396 1989-09-16 3 A MAN who ran a betting information centre was this week jailed for three months and fined $lOO,OOO the heaviest penalty meted out since the antigambling laws were toughened in 1986. Three women accomplices were each fined $5,000 and jailed for a day, while396 words
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Article161 1989-09-16 3 THE Singapore Post Office Savings Bank (POSB) reported a record gross surplus of $172.22 million for last year, 8.6 per cent higher than the previous year’s $158.48 million. After paying $34.44 million to the Government’s Consolidated Fund in lieu of -taxes and an additional contribution of161 words
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151 1989-09-16 3 DRUG abuse in Singapore, which appeared to have been brought under control a few years ago, has been reaching the worrisome proportions of the 1970 s recently. The number of heroin addicts arrested last year reached 5,220. This is close to the number in 1976,151 words
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Article, Illustration746 1989-09-16 3 THE Government’s fight for its right of reply in the Times of London has taken a new turn, with the newspaper refusing to publish another letter by Singapore's High Commissioner in London, Mr Abdul Aziz Mahmood. To keep Singaporeans informed, the Government746 words
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HOME
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Article, Illustration590 1989-09-16 4 Too early to tell if new rules to prevent racial enclaves are working ONLY one in 100 applications to buy resale flats were turned down by the Housing Board because they did not meet the rules drawn590 words
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Article78 1989-09-16 4 A CHILD’S Mooncake Festival lantern caused a fire in a flat at Blk 316, Übi Avenue 1 on Wednesday. Police said the girl was playing with the lantern at about 6 pm when the it accidentally fell. The lighted candle from the lantern started a fire78 words
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Article, Illustration382 1989-09-16 4 TAN EE SZE - By TAN EE SZE A "HANDS-ON” engineer will be taking over at the helm of Ngee Ann Polytechnic. Mr Tan Gee Paw. 46, director of the Environment Ministry’s Environmental Engineering Division, was introduced as the polytechnic's new principal at a press382 words
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180 1989-09-16 4 AFTER a quarrel w-ith her estranged husband, a woman threw down two flower pots from a block of flats. One of the pots missed hitting a man below. a district court heard. Vivian Koh Chit Neo, 42, a clerk, was jailed one month180 words
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197 1989-09-16 4 KIDNEY patients have had their chances of a transplant much improved since the introduction of the organ transplant law two years ago. “Most of the kidneys they received were obtained because of the provisions of the new law.” said Minister for Law197 words
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415 1989-09-16 4 A SOLUTION must be found to the problem of Singapore’s city centres being faced with an ageing population as more of its young people move out to the new towns. Mr Lee Kuan Yew has said. The Prime Minister noted that415 words
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281 1989-09-16 4 A BANKER, who was allegedly murdered by four men, had affairs with the wives of three of his brothers, the High Court heard on Wednesday. Vasavan Sathiadew, a building foreman, one of the accused, said this when cross-examined by DPP Bala Reddy. Vasavan,281 words
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96 1989-09-16 4 THE Criminal Law (Temporary Provisions) (Amendment) Bill, which extends the Government’s power to detain criminals without trial for another five years, came into operation last Friday. A government gazette said President Wee Kim Wee gave his assent to the Bill on Aug 19. The extension96 words
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Article, Illustration550 1989-09-16 5 CHOW CHEE SUN - Judge criticises French bank for second appearance on similar charge By CHOW CHEE SUN AMCOL Holdings and French bank Soeiete Generate have agreed not to proceed with the purchase and sale of The Octagon, scheduled for completion on Thursday, until a decision on550 words
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159 1989-09-16 5 CATS, the highly-successful musical by British songwriter Andrew Lloyd Webber, originally scheduled to be staged in Singapore, Kuala Lumpur and Hongkong next year, has been postponed. The show’s executive producer, Mr James Thane, said in a press statement that the postponement159 words
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Article, Illustration444 1989-09-16 5 TO ENCOURAGE more education officers to take on leadership positions, the Ministry of Education has proposed changes to their salary structure and the introduction of a responsibility allowance scheme. The target groups include principals and teachers who are heads of444 words
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Article170 1989-09-16 5 CIVIL aviation specialist Pek Hock Thiam has been appointed Director of the Singapore Tourist Promotion Board. Currently Sentosa Development Corporation’s general manager, Mr Pek, 48, will assume his new duties on Oct 1. He takes over from Mr Joseph Chew, who returned to Singapore Airlines170 words
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109 1989-09-16 5 HOUSING Board chairman Hsuan Owyang has been appointed the new chairman of the Institute of Policy Studies' Board of Governors. Mr Owyang. 61. takes over from Mr Yong Pung How, the former banker who was recently appointed a Supreme Court judge. He will109 words
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Article, Illustration258 1989-09-16 5 MR SEAH Chiang Nee, Singapore’s only heart recipient, has pulled out of the World Transplant Games, now going on here, because of mild organ rejection. “I informed the organisers that I will be pulling out of the games because258 words
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350 1989-09-16 5 MINUTES after he greeted a sweeper on his way to a lift, former youth bowling coach Victor Tham Ken Ling, 42, was found dead at the foot of a block of flats in Laguna Park, a coroner’s court heard this week. The court returned350 words
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90 1989-09-16 5 HONG Leong Corporation executive director, Kwek Leng Keow, accused of receiving a $9,360 bribe, will be tried from Sept 17 to 21 next year in a district court. These hearing dates have been set for Kwek. 37, who has denied taking the mon- ey90 words
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Article, Illustration410 1989-09-16 6 Highway emergency call system for three countries A SMALL local company has clinched three contracts in Malaysia, Hongkong and Singapore worth a total of $ll million with its new-award-winning highway emergency telephone system. Audio Video Technology's managing director. Mr Chew Hock Heng,410 words
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433 1989-09-16 6 SIVAN SUBRAMANIAM - By SIVAN SUBRAMANIAM WITH the Science Park fully tenanted. RAD expenditure in Singapore's major centre for industrial and technological research hit an all-time high of $B6 million last year. And it was the private sector with a $52.4-million investment433 words
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121 1989-09-16 6 SIX Thai construction workers, who admitted to vandalism by stealing $28,06A worth of copper wire from the MRT track, were yesterday sentenced to nine months’ jail and three strokes of the cane each. District Judge Daniel Koh was told that during the first121 words
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699 1989-09-16 6 TAN EE SZE - By TAN EE SZE THE candidate had all the qualifications, but alas, the second best man got the job. The reason: The first man was fat. Yes, that's the way it is fat is out, say some companies in Singapore. Many699 words
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Article, Illustration842 1989-09-16 7 HAN FOOK KWANG and; SUMIKO TAN - Tower to detain rests solely with President and no other body or person’ Reports by HAN FOOK KWANG and SUMIKO TAN THE Government is not obliged to produce any evidence in Internal Security Act (ISA) cases, nor would it do842 words
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445 1989-09-16 7 THE Cabinet and the President have at ail times been satisfied, and remain so, that it was necessary to detain Vincent Cheng to prevent him from acting in a manner prejudicial to Singapore’s security, Home Affairs Minister S. Jayakumar has445 words
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Article, Illustration1023 1989-09-16 7 FORMER church worker Vincent Cheng, seeking to be freed from detention under the Internal Security Act (ISA), has denied being involved in a Marxist plot to subvert the Government. Arguing on Monday for his release, Mr Michael J. Beloff, QC, said that Cheng1,023 words
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Article, Illustration516 1989-09-16 8 FRANCESCA NATHAN - By FRANCESCA NATHAN SLAP-HASH cooking in a flash —that's the trademark of wise-cracking Stephen Yan. who has displayed his laid-back cooking style in almost 3XO cooking shows Mr Yan, who has made 124 television programmes, is in Singapore516 words
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160 1989-09-16 8 AN AMERICAN businessman was charged in a district court yesterday with conspiring with other men to cheat a bank in London of US$lO million (about Ss2o million). It is alleged that George Wayne Howard. 34, defrauded the Bank of California in160 words
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709 1989-09-16 8 'Ability to persuade, galvanise and mobilise people more important THE ideal leader for today’s more ‘‘prosaic’’ times is not neeessari l a heroic figure, who may not be the best person to solve the problems of today's world. Rather, said709 words
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374 1989-09-16 8 SINGAPORE has successfully produced its first litter of seven "test-tube" piglets an achievement which has brought the Re public a step closer to be ing a regional agrotechnological centre. The Primary Production Department (PPD) said in a statement that this breakthrough would mean that374 words
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Article147 1989-09-16 8 in much quicker time than many of them do now. A trip from Tanah Merah to Raffles Place is expected to take about 19 minutes. The opening of the eastern line will enable commuters to make train transfers from one line to another at the147 words
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165 1989-09-16 8 KUCHING First Deputy Prime Minister and Minister for Defence Uoh Chok Tong arrived here yesterday to attend the 66th birthday celebrations of Sarawak's Governor. Tan Sri Datuk Patinggi Haji Ahmad Zaidi Adruce. He was met on arrival at Kuching international airport by Chief165 words
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Article, Illustration733 1989-09-16 9 BERTHA HENSON; and ZURAIDAH IBRAHIM - Blueprint for a developed city on the Equator Reports by BERTHA HENSON and ZURAIDAH IBRAHIM IF SINGAPORE has four million people, will it mean that homes will be built higher and higher into the sky? Not if733 words
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477 1989-09-16 9 THE Government will take the lead in decentralising activities now concentrated in the city, Mr Dhanabalan said. It will move government departments which do not need a city location to "regional commercial centres” outside the Central Business District. Three such centres477 words
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452 1989-09-16 9 CAROLINE CHAN - By CAROLINE CHAN THE Government will from this month sell sites in existing HDB new towns to the private sector to develop “affordable and quality housing" and commercial facilities. The sites will be released at regular intervals by the452 words
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213 1989-09-16 9 NEW reclamation work will give Singapore extra land as big as 13 Ang Mo Klo new towns, said Mr Dhanabalan. Once the work is completed, the country’s land stock will increase by 15 per cent, or about 9, 1 N213 words
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across the CAUSEWAY
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Article, Illustration106 1989-09-16 10 KUALA LUMPUR Tengku Puteri Zahariah, the second daughter of the Sultan of Selangor, who married Selangor Mentri Besar Tan Sri Muhammad Taib without her parents’ permission, will not get her royal pension and will also be banned from official functions, Utusan Malaysia106 words
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116 1989-09-16 10 – ISMAIL KASSIM - ISMAIL KASSIM. KIALA LUMPUR Prime Minister Datnk Seri Dr Mahathir Mohamad has dismissed the row involving the Saltan of Selangor and his Mentri Besar, Tan Sri Mohammad bin Mohammad Taib, as “a small matter” which shooid be left for him to resolve.116 words
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Article, Illustration525 1989-09-16 10 MATHEW PEREIRA - By MATHEW PEREIRA reporting from Gelang Patah, Johor FROM Sleepy Hollow to a lively town with night life and shopping that is what the people of Gelang Patah hope will happen to their town when the second link to Singapore525 words
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254 1989-09-16 10 KUALA LUMPUR Three companies have offered to jointly build a second link between Johor and Singapore and have proposed a six-lane bridge and road from the West coast of Johor to Jalan Ahmad Ibrahim in Jurong, Singapore, the Sin Chew Jit Poh newspaper254 words
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212 1989-09-16 10 A RECENT statement by the President of the Malaysian Chinese Association that the Malaysian government was considering granting Hongkong Chinese residency in the country has come under fire in an article in the Watan. The commentary in the Malay-language tabloid questioned212 words
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57 1989-09-16 10 MANILA’S ruling on higher pay for Filipino maids has resulted in an influx of girls coming into Malaysia to work illegally. The Malay Mail reported. Hundreds of these girls are believed to have entered Malaysia as tourists over the past few months57 words
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188 1989-09-16 10 Bemama. PENANG The Consumers’ Association of Penang (CAP) has urged the government to amend the National Land Code to stop foreigners from buying up properties in Malaysia. CAP president S.M. Mohamed Idris said in a statement that citizens from Singapore. Hongkong. Taiwan andBemama. - 188 words
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Article32 1989-09-16 10 ALOR STAR Kedah police have recaptured 12 of the 15 inmates who escaped during a commotion at a drug rehabilitation centre in Sungei Petani last week, The Star reported.32 words
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Article, Illustration335 1989-09-16 11 KUALA LUMPUR shows went on. AP, Bernama. POLICE arrested 22 Muslim students after about I,(MO people demonstrated against a concert of pop music they denounced as un-lslamic. The students demonstrated on Sunday outside the University of Malaya's main hall, Henan Tunku Chancellor,shows went on. — AP, Bernama. - 335 words
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384 1989-09-16 11 NST, Bernama. IPOH A civil servant died and 23 others were admitted to hospital with breathing difficulties after a fire drill at the State Secretariat building here. Hundreds of people watching the routine drill from the street thought it was just part of– NST,; Bernama. - 384 words
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196 1989-09-16 11 Bernama. KUALA LUMPUR The opposition Democratic Action Party (DAP) will rejoin the National Economic Consultative Council (NECC), its secre-tary-general, Mr Lim Kit Siang, has announced. “We have been assured that all views will be included in the NECC report,” he said in aBernama. - 196 words
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Article31 1989-09-16 11 JOHOR BARU The Gertak Merah Umno branch in Johor Barn has unanimously passed an emergency resolution rejecting Johor Baru MP Datuk Shahrir Abdul Samad's membership in the branch.31 words
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Article, Illustration109 1989-09-16 11 Bernama. KUALA LUMPUR Sultan Azlan Shah will be Installed on Monday as the ninth Yang di-Pertuan Agong in the throne room in the Istana Negara here. State rulers and their consorts and the Yang dl-Pertuas Negerl of Malacca andBernama. - 109 words
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Article379 1989-09-16 11 ISMAIL KASSIM - He has softened his opposition to PM, says Front backbencher BY ISMAIL KASSIM KUALA LUMPUR Tengku Razaleigh Hamzah, leader of former Umno members in the Spirit of '46 group, has indicated his interest in rejoining Umno for the sake of Malay unity, according to Datuk Abdullah379 words
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ASEAN
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126 1989-09-16 11 JAKARTA Six more young children have died after eating cookies and crackers produced by a factory in Palembang in southern Sumatra, The Jakarta Post reported on Thursday. Last week, nine children, all below 13 years of age, died after eating the contaminated biscuits,126 words
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233 1989-09-16 11 Agencies. MANILA Philippine newspapers have hurled abuse and angry residents expressed outrage at a congressional decision to impose what they considered a light penalty on a politician linked to gun smuggling. Newspapers called the House of Representatives “a worm" and "a chamberAgencies. - 233 words
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COMMENT / Pick of the week’s editorials
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Article609 1989-09-16 12 SEPT 16. 1989 IN these exciting times for education in Singapore. no news is likely to be more welcomed by principals and aspiring teachers than the latest Education Ministry disclosure. Earlier this week, it revealed that pay increases for principals and allowances for heads of departments609 words
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Article649 1989-09-16 12 SEPT 15. 1989 TWO Malay organisations, both dealing with the drug problem, were in the news recently. But what a contrast in tones they presented. The first was the Malay anti-drug task force, the national committee appointed by Dr Ahmad Mattar, the minister-in-charge of Muslim affairs,649 words
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Article642 1989-09-16 12 SEPT 14. 1989 THE agony of the parent whose child is unable to master the intricacies of Chinese is evident in a letter from the mother of a Primary 6 pupil in the Forum page of The Straits Times yesterday. That agony must be doubly painful642 words
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525 1989-09-16 12 DOWN CHANGE ALLEY DOWNTOWN to Change Alley my mind goes today before the alleyway passes into oblivion. Already, roughly half of it is gone, leaving the other half with only one row of shop-houses (where previously there were two facing each other)525 words
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Article169 1989-09-16 12 “By acquiring a good working knowledge of Mandarin, Chinese children can unlock the door to the treasure trove of our rich cultural heritage. However... the beauty and richness of the language and the cultural values associated with it are lost as it becomes just another obstacle in the169 words
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COMMENT / Perspective
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Article, Illustration1649 1989-09-16 13 After a brief and unsuccessful attempt to present a moderate face, the Singapore Malay National Organisation (PKMS) is reverting to its role as a communal party, championing what it sees as Malay interests. SALIM OSMAN of the Political1,649 words
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766 1989-09-16 13 SUNNY GOH - VIEWPOINT By SUNNY GOH, in The Sunday Times SOME wrong impressions are hard to eradicate, even when they are based on misconceptions. All the more when the subject is national service. I discovered this during a farewell dinner hosted for me by766 words
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TIMES
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519 1989-09-16 14 GERRY DE SILVA - Firm will fight for slice of s2som estate management business By GERRY DE SILVA THE Housing Board and listed property giant DBS Land have joined hands to form a new company to get a slice of the $250-mil-lion yearly business of providing estate519 words
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377 1989-09-16 14 KLASSE Department Store Sdn Bhd, a Brunei subsidiary of listed food group QAF Ltd, has lost a $4.5-million suit against a Brunei developer. The suit against developer Central Development Sdn Bhd resulted from Klasse having to move out of its main store377 words
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138 1989-09-16 14 PRECISION optics manufacturer Avimo Singapore may see a change in its majority shareholder if a takeover bid on its parent company by UK-based Meggitt PLC is successful. Avimo said in a statement on Tuesday that Meggitt had made clear its intention to make an138 words
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182 1989-09-16 14 AFP. GENEVA Asia's new economic powerhouses strengthened their places as the world’s top 21 traders last year, moving ahead of Sweden, Switzerland and Australia, according to just-released rankings. Singapore was ranked the IKth most active trading nation worldwide. The list, published in the annualAFP. - 182 words
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115 1989-09-16 14 HONGKONG-BASED Yung Pui Company Ltd has become the second largest shareholder of Cycle Carriage Ltd after finalising its purchase of a 15.1-per cent stake in the motor vehicle distributor and retailer. It is paying Mss apiece for 18.874 million C&C shares in a115 words
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486 1989-09-16 14 KOH BEE ANN - By KOH BEE ANN BARELY two months after announcing its plans to redevelop Keppel House, Straits Steamship Land (SSL) is now trying to sell it off. An advertisement placed in Wewdnesday’s South China Morning Post by its property marketing arm, Straits Mansfield,486 words
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209 1989-09-16 14 NEXT year onwards, new awards for Singapore's young businessmen will complement the Businessman of the Year and Enterprise Awards. The umbrella name of the awards will then be changed to Singapore Business Awards, with three categories of awards. The main new feature from next209 words
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351 1989-09-16 14 A CENTRE for Entrepreneurship to research and map out policies to promote an entrepreneurial culture in Singapore is being set up. Announcing this on Wednesday, Mr Philip Yeo, chairman of the Economic Development Board, said people who can initiate, organise, operate and assume351 words
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Article, Illustration472 1989-09-16 15 INCREASINGLY stiff competition from new export refineries worldwide means Singapore’s oil industry has to develop new strategies to become a total oil business centre. Finance Minister Dr Richard Hu said this week. It means “Singapore cannot afford to472 words
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205 1989-09-16 15 Reuter. MANILA Shares of newly listed Cebu Shipyard and Engineering Works Inc, a subsidiary of Keppel Corp Ltd of Singapore, jumped sharply at the opening of trading on Manila’s two exchanges on Monday. But brokers said investors were looking for quick profits and wereReuter. - 205 words
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Article44 1989-09-16 15 CAR distributor Tan Chong Sons, through subsidiary Tan Chong Motor Holding Bhd. has bought 20,000 sq m of land in Bukit Timah Road (or $13.8 million. The company won the tender on Sept 1 from the OCBC Bank.44 words
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332 1989-09-16 15 Bemama SHELL Refining Bhd’s operating profit before tax has soared almost six-fold to M 596.24 million (572.6 million) for the half-year ended June 30, 1989, from M 516.17 million (5512.3 million in the previous corresponding period. This was achieved on theBemama - 332 words
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Article157 1989-09-16 15 COUNTER RATES Singapore dollars to one unit of foreign currency US dollar Buying OD 1 9675 Selling 1 9855 Sterling pound 3.0460 3 0974 Australian dollar 1.5106 1 5497 Canadian dollar 1 6537 ***** N7 dollar 1.1477 1 1814 Singapore dollars to 100 units of foreign currency Austrian157 words
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170 1989-09-16 15 SESDAQ-LISTED Amtek Engineering Ltd has posted a 29 per cent increase in pre-tax profit to $8.5 million for the financial year ended Jane 30, and announced a one-for-one bonus Issue. The group’s turnover also rose to $51.86 million, an Increase of 31 per cent170 words
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727 1989-09-16 15 Sharemarket review A RALLY after the Straits Times Industrials Index looked like dipping below the 1,400-level at midday saw prices improve on a broad front yesterday for the index to end the day with a half-point gain after being down almost 8727 words
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Article169 1989-09-16 15 Bemama. KUALA LUMPUR Hume Industries (M) Bhd has reported a 13-per cent rise in group pre-tax profit to M 516.11 million (5511.7 million) for the year ended June 30 this year, from M 514.27 million previously. Group turnover was 14.5 per cent higher at MBemama. - 169 words
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Article6943 1989-09-16 16 AH shares quoted have a par value of $l, unless otherwise specified. Adjusted for scrip/ri(hts. 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, t Margin stocks. ABN is traded in lots of6,943 words
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Article253 1989-09-16 17 Manager’s prices for September 16 18 Singapore Unit Trust The Commerce 1.2?—1.29 The Savings Fund 1 07—1.13 S pore Prog Fund 0 47-0 5hd Spore Sec Fund 0 76-0 81 Spore Invest Fund 0 84-0 89 S pore tquity Fund 0 57—C 61 Asia Unit Trust Mai Invest253 words
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Article776 1989-09-16 17 The Hongkong market was closed yesterday for the Mid- Autumn Festival holiday. Thursday September 14 HKI Amoy Properties 3 125 unch Asia Sec tnt'l 2 175 0 025 Asia Sec War 91 0 57 Bank o' EA 14 30 unch Bond Corp Int 1 78 1-003 Bona Coro War776 words
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Article61 1989-09-16 17 THE Straits limes Industrials Index tell 7.88 points on the week to 1,411.81 points. Day-to-day indices: MONDAY: 1,414.36 points (down 5.39); 89.26 m units (valued $168.57m); TUESDAY: 1,413.42 (down 9.88); 75.6 m units (JlSB.sBm); WEDNESDAY: 1,426.52 (up 7.16); N.Um units ($15«.15m); THURSDAY: 1,411.36 (down 1.22); 77.07 m61 words
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Article57 1989-09-16 17 THE New Straits limes Industrials Index leil 14.99 points to 2,508.22 points. MONDAY: 2,522.45 points (down 0.76); 79.224 m units (valued M8122.7311U); TUESDAY: 2,512.38 (down 16.67); 62.369 m units <M599.125m); WEDNESDAY: 2,520.81 (up 8.13): 66.113 m units (MsloX.Ossm); THURSDAY: 2.505.83 (down 11.98); 53.371 m units (MsX9.i*79m); FRIDAY:57 words
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Article47 1989-09-16 17 i THE Hongkong Hang Seng Index fell 7.81 points to 2,612.82. MONDAY: 2,614.66 points (down 6.03); turnover 111x61.65 mil- lion; TUESDAY: 2,616.15 points (down 1.45); turnover HK5675.84 million; 1 WEDNESDAY: 2,592.14 (down 18.01); HK5656.14 million; THURSDAY: 2,612.82 (up 20.68); HKs76s.6smilUon; j FRIDAY: HOLIDAY.47 words
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675 1989-09-16 18 MAGDALENE NG and; ANDREA BORCH - Nasdaq buy-sell price spreads ridiculous SES But market makers say they cannot help it MAGDALENE NG and ANDREA BORCH Business Times. THE Stock Exchange of Singapore (SES) has taken to task market makers in Nasdaq issues for setting wide spreads between buy and sell prices. In a letter dated AugBusiness Times. - 675 words
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336 1989-09-16 18 STANDARD Chartered Bank will boost its international trust operations in South-east Asia by setting up a new regional office in Singapore. The new office. Standard Chartered International Trustee Ltd (SCITL), will share control of the Asia-Pa-cific region with an existing regional336 words
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140 1989-09-16 18 Bemama KUALA LUMPUR InterPacific Industrial Group Bhd, Berjaya Corporation (M) Bhd and Sports Toto Malaysia Bhd have announced that they have taken an equity interest in US-based Heilig Meyers. Heilig Meyers is one of the largest publicly-owned retailers in theBemama - 140 words
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CORPORATE ROUNDUP
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Article675 1989-09-16 18 Compiled by JULIANA TAY AUDITED RESULTS Company Year to Group Net Net earnings Gross profit/loss (L) per share dividend (’000) (cents) Ayer H-tom Rub Mar 89 M$46l($134) 20 3159) 175(175) HTP Hlags Mar 89 $2 *****)4 1501) —I—) Maioyawara Mar 89 M$8 860l$5,***** 1321—) Sunge; Besi Mar 89 M$4232<S2026) 124Compiled by JULIANA TAY - 675 words
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241 1989-09-16 18 DESPITE the ongoing campaign against smoking, cigarette manufacturer Malaysian Tobacco Company Bhd has increased its interim group pre-tax profit by 18.8 per cent to M 532.09 million (5523.3 million). Group turnover rose a modest 3-per cent to M 5247 million for the241 words
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495 1989-09-16 19 Slowdown in electronic exports DRAGGED by a slowdown in electronic exports and a fall in oil imports, Singapore’s trade in July grew by a marginal 0.6 per cent to 5515.25 billion over the corresponding period last year the poorest performance for the year to495 words
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Article326 1989-09-16 19 Company RIGHTS ISSUE Belaya Corpn One to' one M$i 30 per shore Ex date; July 21 Books close: Aug 4 Acceptance Payment Sep 15 Causeway Inv Penounceoble rights issue of $7 25m nominal amount of 6% unsecured notes with T$Ps to subscribe for new Causewy shares Shareholders will326 words
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86 1989-09-16 19 THE Malaysian Rubber Development Board (MRDB) has decided to set up an office in China to provide technical services and help boost exports. In a statement, the MRDB said: “The intention to set up a rubber bureau in China is in86 words
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Article353 1989-09-16 19 Company RIGHTS ISSUE Alcorn Copitol 'eduction from M$8! 56 to M$!63lm through o write-down of M$’ do' value to M$0 20, followed by the consolidation ol live of the 20 sen share into one share o' M$l each Rights issue ol three lor one M$080 Ayer Hitam Tin353 words
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Article963 1989-09-16 19 Current Ex Books Date Total lor Total lor peyment date close payable the year Iasi year Alex Hldgs 6%<b) Aug 29 Sep 6 Sep 26 6% 6% Asiatic Dev 2.5% III Oct 5 Oct 19 Nov 18 25% 55% Austral Amal 20% Sep 22 Oct 6 Oct 31963 words
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194 1989-09-16 19 DIVERSIFIED construction group Lim Kah Ngam Ltd (LKN) has posted a 250-per cent increase in operating profit to $2.4 million from $671,000 previously, despite a 60per cent drop in turnover. For the six months ended June 30, turnover for the LKN194 words
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Article58 1989-09-16 19 AFP. KUALA LUMPUR The Malaysian International Shipping Corporation (MISC) reported pre-tax profit of Ms2lo million (*****.8 million) for the first half of this year, a 25-per cent jump from the previous corresponding period. The improvement came on the back of a Mss2-million rise in turnover for Malaysia’s– AFP. - 58 words
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FORUM
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877 1989-09-16 20 MR LI Zhixiang (ST, Sept 1 Overseas Edition, Sept 9) refers to the two issues I touched on in my short speech at the Workers Party National Day Rally on Aug 26. First, on the issue of brain drain. Why do people emigrate?877 words
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531 1989-09-16 20 DR LEE Siew Choh (ST, Sept 9 reproduced above) claims that Singaporeans are emigrating because of the “political climate”, “a climate of fear and uncertainty’’, which, according to him, is due largely to the Internal Security Act (ISA). To support his theory,531 words
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Page 20 Advertisements
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Advertisement228 1989-09-16 20 (In >fmits'lltm's OK». Now, keeping in touch with what’s happening in Singapore couidn t be easier. Or more economical. Because ail the major news of every week is condensed into one pacer. The Straits Times Weekly Overseas Edition. Printed on lightweight paper in convenient tabloid size, it fills you in228 words
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Advertisement141 1989-09-16 20 Dear Readers THE Straits Times welcomes letters from you. Your letters must include your signature, full name, address, and nome 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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Advertisement1174 1989-09-16 21 APPOINTMENTS An Established Group of Restaurants Invitee applicants (to be stationed In Australia Gold Coast) for the position of: ACCOUNTANT The successful candidate will report to the Managing Director in respect of all accounting and administration functions of the Company. The incumbent will be responsible for the setting up and1,174 words
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Page 22 Advertisements
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Advertisement1089 1989-09-16 22 APPOINTMENTS TECHNICAL SALES REPRESENTATIVE PROCESS FIBRES INDUSTRY Dow Corning. The World Leader in Silicone Technology has an immediate opening for a highly motivated Technical Sales Representative to service the Chemical Process Fibres Industries. The appointee will be based in Singapore but will be required to travel to Malaysia and Indonesia1,089 words
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TIMESPORT
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Article, Illustration384 1989-09-16 23 AS M-CUP SEMI-PRO LEAGUE ENTERS THE SECOND ROUND Prize money is all yours if you finish in top three: FAS THE carrot: $llO,OOO. The challenge: Win the Semipro League. That is the amount the Singapore soccer squad of 16 will share among themselves if384 words
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Article330 1989-09-16 23 V. SUNDRAMOORTHY’S long, lean goal spell ended on Tuesday night in an ironic manner he netted the winning goal for Kedah to beat Singapore 2-1 in the Semi-Pro Malaysia Cup Division One match at Darulaman Stadium. Sundram, who three weeks ago was one of the key330 words
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Article, Illustration319 1989-09-16 23 BANGKOK SEA GAMES SOCCER BRIBERY PROBE THAI Prime Minister Gen Chatichai Choonhavan has objected to the Thai Football Association's investigation into bribe taking at the Sea Games because he does not want Thailand's soccer players subjected to further humiliation, according to a report in319 words
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Article, Illustration533 1989-09-16 23 Malcolm Bastians - HORSE RACING By Malcolm Bastians KUALA LUMPUR Stipendiary stewards will continue to be vulnerable to assaults, according to Bernard McKay, chief stipe of Malaysian tracks. McKay was dining with Michael Carrigg at an outdoor eating place in Ipoh last533 words
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Article, Illustration871 1989-09-16 24 With land reclamation, there will be room for 4 million people NATIONAL Development Minister S. Dhanabalan this week unveiled the Government’s blueprint to turn Singapore into the first developed city on the Equator by the end of this century. After871 words
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602 1989-09-16 24 YANG RAZALI KASSIM - ‘Don’t try to unseat me unconstitutionally’ By YANG RAZALI KASSIM Jakarta Correspondent JAKARTA President Suharto has hinted for the first time at an attempt to push him out of power. However, he warned that he would hit back should any attempt be made602 words
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Page 24 Advertisements
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Advertisement35 1989-09-16 24 Vincent Cheng case MR Justice Lai Kew Chat reserved Judgment yesterday at the end ef a week-long hearing to determine whether Internal Security Act (ISA) detainee Vineent Cheng should be released, o SEE PAGE 735 words
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