The Straits Times : Weekly Overseas Edition, 23 September 1989
1989-09-23
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The Straits Times : Weekly Overseas Edition
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Title Section20 1989-09-23 1 The Straits Times WEEKLY OVERSEAS EDITION SATURDAY, SEPTEMBER 23, 1989 Price: 551.20 (in Singapore) Elsewhere by subscription only MCI(P) 37/8/8920 words
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Article, Illustration1413 1989-09-23 1 CHENG SHOONG TAT - By CHENG SHOONG TAT reporting from Bangkok MR LEE KUAN YEW said on Tuesday that more countries now realise that war was unprofitable as an instrument of national policy and that their future lay in making effective use of capital and technology to improvePicture by WAN SENG YIP. - 1,413 words
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283 1989-09-23 1 ALOR STAR (Kedah) of the blocks on fire. Bernama, AFP. AFP. FIRE swept through a cluster of eight brick and wooden hostels in a religious school near here shortly after 2 am yesterday, killing 21 teenaged girls. More than 500 otherof the blocks on fire. — Bernama, AFP.; AFP. - 283 words
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Article138 1989-09-23 1 Reuter. KUALA LUMPUR Malaysia will sign an agreement next month to buy M 54.7 billion (553.4 billion) worth of arms from Britain. Defence Minister Tengku Ahmad Rithaudeen said on Thursday. The two countries signed a memorandum of understanding last September under which Malaysia wasReuter. - 138 words
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110 1989-09-23 1 Reuter HONGKONG share prices yesterday recovered to levels seen before the June 4 Beijing crackdown on the student-led pro-democracy movement with the Hang Seng Index closing 40.61 points higher at 2,706.36 on heavy turnover. The index stood at 2,675.38 on June 2 before theReuter - 110 words
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Advertisement79 1989-09-23 1 More students going abroad earlier Page 13 INSIDE HOME NUS professor faces graft charges PAGE 5 No limit now on what govt doctors can earn in consultancy fees PAGE 6 CAUSEWAY Sultan Azlan Shah installed as ninth Yang di-Pertuan Agong PAGE 10 Headhunters scare after police find 3 headless bodies79 words
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Advertisement13 1989-09-23 1 MW acaaaoaasa acsptaaaa^ 31b2 n *i JBM HI Membership has its privileges b13 words
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NEWS FOCUS
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Article, Illustration1135 1989-09-23 2 PM explains S’pore’s stand against helping Hanoi prolong war Bangkok papers interview the Prime Minister SINGAPORE is not against trade with Vietnam but it draws the line at investing in the country, said Prime Minister Lee Kuan Yew. "You can come, buy andPicture by WAN SENG YIP. - 1,135 words
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SNIPPETS
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212 1989-09-23 2 SINGAPORE’S offer to host American military facilities is a temporary arrangement and “will not be forever", Mr Lee Kuan Yew said. Interviewed by Thai journalists here last weekend, before his visit to Bangkok. Mr Lee said Singapore's offer to the US was212 words
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214 1989-09-23 2 COMMUNISM as an ideology is bankrupt and its promises have been debunked, but its techniques for organising a revolution will continue to be used by dissident groups and separatist movements, Mr Lee Kuan Yew said. "The problem now is that the techniques214 words
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116 1989-09-23 2 MEMBERS of the Communist Party of Malaya who had surrendered to the Thai Government were not part of the main-stream faction, Mr Lee Kuan Yew said.. The orthodox CPM members had not surrendered, but he believed that they were presently negotiating terms to dissolve themselves.116 words
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85 1989-09-23 2 BURMA is a “natural” candidate for future membership of Asean, but Vietnam, Laos and Cambodia must get out of the communist system before they can be considered. Pointing out that Vietnam was a member of Comecon, the Soviet-led Eastern bloc trading organisation, Mr Lee85 words
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Article, Illustration831 1989-09-23 3 It has made public positions of Asean nations clear THE media debate over Singapore’s offer to host some American military facilities was good because it made clearer the public positions of Asean countries, Mr Lee Kuan Yew said. In an831 words
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Article768 1989-09-23 3 MR Lee Kuan Yew has warned that Asean may lose its solidarity and cohesion, gained from years of facing the common enemy of communist expansionism, once the Cambodian conflict is resolved. It was the threat of communism which led to the formation of Asean in 1967,768 words
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Article, Illustration560 1989-09-23 3 ISMAIL KASSIM - The Mentri Besar and the Sultan’s daughter By ISMAIL KASSIM: Kuala lumpur PRIME MINISTER Datuk Seri Dr Mahathir Mohamad has hardly any option in dealing with the problem arising from the breakdown in relations between the Sultan of Selangor and his560 words
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HOME
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520 1989-09-23 4 ALAN HUBBARD - SIA voted best air carrier to Far East, its cabin staff the smartest By ALAN HUBBARD, Europe Editor LONDON Singapore's Chang! airport is now the world's favourite, according to a poll of 50,000 business travellers, who also voted Singapore Airlines as the best520 words
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Article189 1989-09-23 4 A YOUTH was fined $2,000 by a magistrate's court yesterday for touting. Tan Kok Kuan, 17, who admitted committing the offence on Thursday, was charged under the new Miscellaneous Offences (Public Order and Nuisance) Act, which came into effect on June 9. He also189 words
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Article77 1989-09-23 4 ZAM ZAM Restaurant, a well-known South Indian food establishment, was fined $2,000 on two charges of serving contaminated cucumber salad and allowing its food storage cabinets to be infested with cockroaches. The contaminated food and unclean food receptacles were spotted by Environment Ministry officers responding to77 words
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Article, Illustration315 1989-09-23 4 Business Times. MANY FILIPINOS are “dreaming of a Lee Kuan Yew” so that their country can be as prosperous as Asia’s successful economies, says Mr Daniel Lacson .lr, governor of the Philippine province of Negros Occidental. Because, if a country has a strong leaderBusiness Times. - 315 words
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442 1989-09-23 4 THE newly-set up Menda-ki-Ministry of Education joint committee has set itself three immediate tasks in its effort to help improve the educational performance of Malay/ Muslim pupils. They are: WORKING out a long-term "total” approach to strengthen the pupils' foundation442 words
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541 1989-09-23 4 FRANCESCA NATHAN - By FRANCESCA NATHAN THERE was no magic moment when the ultimate question was popped, say two couples who will be taking part in the Social Development Section’s first mass wedding this Sunday. "It all happened naturally and541 words
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Article, Illustration404 1989-09-23 5 ‘Building doctor’ accused of taking bribes from companies AN associate professor with the National University of Singapore, who was engaged as a consultant with management corporations of condominiums in Orchard Road, was this week charged w'ith accepting bribes and attempted corruption involving $82,000 for404 words
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Article95 1989-09-23 5 WELL-KNOWN local businessman Chna loon Nam collapsed and died of a heart attack at the Changi Airport despite efforts by two doctors one from the airport medical centre to revive him. He was M. The other doetor was sending off a friend. Mr Chna, chairman95 words
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Article, Illustration580 1989-09-23 5 CHARMAINE CHAN - By CHARMAINE CHAN FORMER Citibank assistant vice-president, Ho Keng Lay, was jailed by a district court on Tuesday for 18 months for misappropriating U *****,000 ($558,000) of a client’s money by transferring it to another client’s account. Ho, 44, was580 words
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129 1989-09-23 5 A DOCTOR who was ordered to be struck off by the Medical Council of Singapore has succeeded in obtaining a stay of execution pending the outcome of his appeal. Mr Justice Chan Sek Keong ordered an early hearing after granting the stay to129 words
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146 1989-09-23 5 A FILIPINO maid was found strangled in her employer’s semi-de-tached house in Happy Avenue Central, off MacPherson Road, on Wednesday. Police believe Miss Evangeline Diso, 28, was murdered by robbers who ransacked a bedroom and stole about $B,OOO in various currencies. Her employer, a teacher,146 words
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578 1989-09-23 5 CHOW CHEE SUN - Parties set for long, drawn-out legal battle By CHOW CHEE SUN THE battle for The Octagon in Cecil Street looks set to be a long, drawn-out campaign as both camps draw up new lines. The High Court on Monday ordered an injunction578 words
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Article181 1989-09-23 5 EDUCATION Minister Tony Tan said this week that he will be announcing the Government’s decision on the teaching of Religious Knowledge in schools at the next sitting of Parliament. He disclosed that his ministry had finalised its recommendations on the future direction of the teaching181 words
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531 1989-09-23 6 SERENA TOH - Health Ministry acts to stem resignations By SERENA TOH THE Health Ministry, in a move aimed at retaining medical specialists, has lifted the 60 per cent-of-gross-pay ceiling on professional consultancy fees which senior government doctors can earn. Dr531 words
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129 1989-09-23 6 TWO foreigners were charged in a magistrate court last Friday with trafficking in about 80 g of heroin when they were in the men's toilet of the Carlton Hotel lobby week. No plea was taken from Danny Cheung, 31, from Hongkong, and Low Wai129 words
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Article, Illustration285 1989-09-23 6 Catherine C. Ong - By Catherine C.Ong, Hongkong Correspondent HONGKONG Hotelier Ong Beng Seng is paying 552.88 million to buy a bungalow in a prime Singapore residential district belonging to former banker Allan Ng. Mr Ong signed the sales and purchase agreement last month in the deal285 words
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112 1989-09-23 6 ONE of Singapore’s oldest photographers and winner of Singapore’s Cultural Medallion, Mr Yip Cheong Fun, died last Saturday night. He was 86. A top photographer for several decades, he was named one of the 10 Honorary Outstanding Photographers of the Century by the Photographic Society of112 words
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83 1989-09-23 6 THREE men were this week charged with robbing three other passengers of $46 on an MRT train last Saturday afternoon. No pleas were taken from Lim Choon Lye, 21; Yong Yoon Shin, 25 both unemployed and Lim Choon Guan, 24. a labourer. The83 words
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Article151 1989-09-23 6 NEW ZEALANDERS will have a chance to try ice-kachang, Hainanese chicken rice, satay, mee goreng and other local delights soon because Singapore has won its bid to host the 1990 offshore conventionm of the Travel Agents Association of New Zealand. About 800 convention delegates are151 words
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Article, Illustration222 1989-09-23 6 NG WEI JOO - By NG WEI JOO THE prestigious Rhodes Scholarship for 1988 has been awarded to a homegrown scholar who graduated with honours in medicine last year itself a rare distinction. Only 10 others have graduated with MBBS (Honours) between 1954 and this year. Violin-playing222 words
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113 1989-09-23 6 ANOTHER two men, one of whom is married, have been found to be infected with the Aids virus, bringing the total number of Singaporeans so infected to 40. A Health Ministry statement yesterday said: ‘‘Both the newly diagnosed persons are in their113 words
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246 1989-09-23 6 SINGAPORE has banned the carriage of oil to South Africa by Singapore-regis-tered ships last Friday. The government has also slapped on an administrative ban on the export of oil and petroleum products to the country. The Trade Development Board has informed246 words
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431 1989-09-23 7 CAROLINE CHAN - Prices for apartments stabilised consultants Buyers are more discerning now after 40pc jump in nine months By CAROLINE CHAN PRICES for apartment units have stabilised in the past few weeks following the bullish activity of the last nine months in the residential property market, property consultants say. Since the beginning431 words
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Article, Illustration403 1989-09-23 7 POPULAR former pop singer Rahimah Rahim has joined the anti-drug campaign in Singapore. And she sprang a surprise when she appeared this week at the women’s drug rehabilitation centre in Changi dressed in Islamic garb long black robes, a white403 words
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Article301 1989-09-23 7 SINGAPORE will have to increase its vigilance to face a worsening global drug situation, Home Affairs Minister Prof S. Jayakumar has said. And it is in this global context that Singapore will have to arm itself further in its own fight against drug abuse and301 words
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Article104 1989-09-23 7 FOREIGN Affairs Minister Wong Kan Seng left for Taiwan on Monday on his way to New York to attend the United Nations General .Assembly, which opened yesterday. A Foreign Ministry statement said that while he Ls in New York, Mr Wong will attend a104 words
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560 1989-09-23 7 HAN FOOK KWANG - By HAN FOOK KWANG MR Justice Lai Kew Chai reserved judgment last Friday at the end of a week-long hearing to determine whether Internal Security Act (ISA) detainee Vincent Cheng should be released. The judge will have to decide on a560 words
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143 1989-09-23 7 A COMPANY driver who punched a cyclist in the eye atter a minor accident was yesterday sentenced to four months’ jail by a district court judge who told him that “this is the type of thing we don’t want on our roads”. Judge Tan143 words
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630 1989-09-23 8 Prosecution wins appeal against fine A MAN. originally fined $2,000 for molesting his then 12-year-old daughter, was jailed for 15 months on Thursday by the High Court which allowed the prosecution's appeal. The 46-year-old private tutor was fined in March this630 words
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277 1989-09-23 8 FRANCESCA NATHAN - By FRANCESCA NATHAN A PRECISION drill team from the Singapore Armed Forces, which has wowed local audiences with its slick and flawless rifle routine. is all set to thrill audiences at Malaysia's Merdeka Stadium. This is the first time the 75-member Provost277 words
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Article, Illustration115 1989-09-23 8 SINGAPORE’S Miss Troody IJm Yue Mai, 18 (above), won second spot in this year’s Miss World University Beauty Pageant, which was held in Tokyo on Wednesday. A business administration undergraduate with the National University of Singapore, she also captured the Miss Asia115 words
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Article41 1989-09-23 8 A 71-YEAR-OLD woman died after she was knocked down by a private ambulance while crossing New Bridge Road last Saturday. Madam Soo Chai Sew was crossing the road near Block 110 about noon when the accident happened.41 words
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Article154 1989-09-23 8 FOR the third consecutive month, the rate of growth in the number of cars slowed down marginally last month. But the figures for August from the Registry of Vehicles (ROV) indicate that the motorcycle population has continued to rise. The number of cars grew by154 words
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487 1989-09-23 8 MAGISTRATE Vincent Yeoh this week reserved judgment at the end of the trial of opposition MR Chiam See Tong on two charges of publishing his party newspaper without a permit. At issue during the trial was whether two singlesheet487 words
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317 1989-09-23 8 Matthew Grainger - By Matthew Grainger Writing for The Straits Times WELLINGTON The New Zealand government said this week it will ease the financial burden of Singapore and Malaysian students who have enrolled at schools and universities this year by paying twothirds of their317 words
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Article76 1989-09-23 8 HEARING in the High Court of the case in which lawyer Lim Chor Pee was asked to show cause why he should not be punished for improper conduct on six disciplinary charges, four of which involved tax fraud, was adjourned yesterday to a date to be76 words
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763 1989-09-23 9 Royal Commission’s findings on Penang ferry terminal disaster KUALA LUMPUR at hand,” it said. Bernama, NST. NST. EXCESSIVE overloading of passengers caused the collapse of the Butterworth ferry terminal last year, killing 32 people and injuring hundreds more, the report of the Royal Commission setat hand,” it said. — Bernama, NST.; NST. - 763 words
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274 1989-09-23 9 Bemama. IPOH Perak Mentri Besar, Tan Sri Ramli Ngah Talib, has ordered a temporary stop to fire drills in government departments after a man died and 25 others were hospitalised following a fire drill that went wrong last week. He saidBemama. - 274 words
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Article141 1989-09-23 9 KUALA LUMPUR The Malaysian Parliament is to sit from Oct 16 to Dec 29 and speculation is that it may be dissolved midway for a possible election in November, Sin Chew Jit Poh reported. The newspaper quoted a statement by the Information Ministry as saying that the Dewan141 words
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198 1989-09-23 9 Bemama KUALA LUMPUR Malaysian Indian Congress president Datuk Seri S. Samy Vellu has filed a Ms 3 million (552.2 million) libel suit against the publisher and editor of a Tamil language magazine. He said its articles suggested that he was a hooligan and ledBemama - 198 words
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Article, Illustration92 1989-09-23 9 MISS Vivien Chen Shee Yee (right), a 24-year-old finance clerk from Sarawak, has been crowned Miss Malaysia World *B9, the first beauty queen from the state to win the national pageant. “I dedicate the victory to the people of Sarawak," Miss Chen said after herAP picture. - 92 words
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147 1989-09-23 9 KUALA LUMPUR About 50 million (Sss4o million) in the Employees' Provident Fund (EPF) has been left unclaimed, Sin Chew Jit Poh quoted Deputy Finance Minister Datuk Loke Yuen Yew as saying. The money belonged to about 146,200 EPF members who have died or not withdrawn147 words
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375 1989-09-23 9 MB and the Sultan’s daughter KUALA LUMPUR Former Prime Minister Tunku Abdul Rahman has said he would like to see the issue of the marriage of Selangor Mentri Besar Tan Sri Muhammad Taib and the thrice-divorced second daughter of the Sultan375 words
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144 1989-09-23 9 Bemama. KUALA LUMPUR Malaysia and Britain are to sign an agreement by the end of the year enabling the seizure of assets of drug traffickers in each other’s territory. The director of the antidrug task force in the National SecurityBemama. - 144 words
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across the CAUSEWAY
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679 1989-09-23 10 KUALA LUMPUR Bernama AP, AFP. Reuter POMP and pageantry, dating bark to the 15th century Malacca sultanate, set the tone as Sultan Azlan Shah was installed the ninth Yang di-Pertuan Agong at the Istana Negara here on Monday. BeforeBernama; AP,; AFP.; Reuter - 679 words
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Article, Illustration478 1989-09-23 10 ISMAIL KASSIM - By ISMAIL KASSIM KUALA LUMPUR Sultan Azlan Shah, installed on Monday as the ninth Yang di-Pertuan Agong, called on Malaysians of all races to co-operate and foster mutual understanding. lie said that unity of the people would enhance parliamentary democracy and the constitutional monarchy systemAFP pictare. - 478 words
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Article, Illustration378 1989-09-23 10 JOHOR BARU The Gertak Merah Umno branch is standing by its decision not to accept Johor Baru MP. Datuk Shahrir Abdul Samad, as a member despite a directive from the party’s supreme council to accept all who applied Branch chief378 words
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127 1989-09-23 10 PRESIDENT Wee Kim Wee and Prime Minister Lee Kuan Yew sent congratulatory messages to Sultan Azlan Shah on his installation as Malaysia's ninth Yang di-Pertuan Agong. In his message, President Wee said: "lam confident that Your Majesty’s ascension to the high office of Yang127 words
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169 1989-09-23 10 New coat of paint for all old buildings in Johor by order JOHOR BARU The Johor state tourism and social committee will launch a three-month campaign starting next month to paint all buildings in major towns, The Star reported. Committee chairman Datuk Jimmy Low was quoted as saying the move169 words
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CAUSEWAY/ ASEAN
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202 1989-09-23 11 KOTA KINABALU aft; NST. SABAH police have revealed that three more headless bodies have been found in the state in the last two weeks, but promptly tried to ally fears that headhunters were on the prowl. “They are nothing more than murders,”aft;; NST. - 202 words
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312 1989-09-23 11 Move to ensure they do not ‘fall prey to flattery’ KUAI.A LUMPUR The Malaysian government has banned all forms of advertisements in the media congratulating civil servants for being conferred state or federal awards, The Star newspaper reported. The directive, which came into effect312 words
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133 1989-09-23 11 KUALA LUMPUR All civil servants will be directed to undergo a blood test to ensure that they are free of Aids, the Utusan Malaysia newspaper reported. The Malay language daily quoted a minister in the Prime Minister’s Department, Datuk Dr Yusof Noor,133 words
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196 1989-09-23 11 Pay rise for 40,000 teachers after a wait for 5-15 years NST KUALA LUMPUR About 40,000 non-graduate teachers who have been stagnating on their maximum salary for between five and 15 years are to be given an immediate pay rise. Under the two-tiered salary structure announced by Education Minister AnwarNST - 196 words
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Article41 1989-09-23 11 KUALA LUMPUR Two officials from the Universiti Malaya Muslim Students Association have been detained for questioning over their role in a demonstration earlier this month against the Sheila Majid pop concert, according to the weekly newspaper, Harakah.41 words
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109 1989-09-23 11 NST, AP. MIRI (Sarawak) Forestry officers and police have detained 63 Penan tribesmen for placing blockades along jungle tracks to prevent loggers from carrying out their work. They were detained in the Sungei Tutuh area near Long Layun in Ulu Baram over theNST,; AP. - 109 words
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Article66 1989-09-23 11 Bernama. MALACCA Malaysian engineers who find it difficult to get jobs at home should try looking for employment abroad, Deputy Prime Minister Ghafar Baba said here. One of the areas worth exploring was the Middle East, where there is a big demand for engineers, he saidBernama. - 66 words
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Article, Illustration591 1989-09-23 11 YANG RAZALI KASSIM - Murdani: Nobody should be afraid By YANG RAZALI KASSIM Jakarta Correspondent JAKARTA President Suharto's warning last week against any unconstitutional move to force a leadership succession has forced various groups in the country to take positions. Some, like a leader from the Indonesian591 words
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249 1989-09-23 11 AFP. MANILA President Corazon Aquino's younger brother said members of Congress were justified in acquiring guns for their own protection. Congressman Jose Cojuangco, in an interview published in the Manila Chronicle on Sunday, said the 60-day suspension of his ally, Congressman Nicanor deAFP. - 249 words
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Article64 1989-09-23 11 BANGKOK Thai labour leaders have threatened to stage a mass rally on Oct 13 unless the government amends the labour law to give better protection to short-term employees, the Bangkok Post reported. The rally was agreed on at a meeting on Sunday attended by more64 words
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Article56 1989-09-23 11 Reuter. MANILA The Philippines plans to send home 39 Chinese nationals who had sought asylum after fleeing China by boat and says that it will refuse sanctuary to any similar groups. “The Umted Nations has not ruled them as refugees so they are deportable,” an immigrationReuter. - 56 words
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COMMENT/ Pick of the week’s editorials
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Article641 1989-09-23 12 SEPT 22. 1989 IT was only a matter of time before the Health Ministry would announce, as it did so on Monday, that it was lifting the ceiling on the amount senior government doctors earn by way of consultancy fees. Their earnings from treating noc-subsidised patients were641 words
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Article633 1989-09-23 12 SEPT 21. 1989 YESTERDAY'S report that the telephone paging network had been used to spread the word of God is disturbing news. It appears that a number of people were paged to call a particular telephone number. And when they duly did so. they were treated to633 words
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Article662 1989-09-23 12 SEPT 18. 1989 WHAT one can say about the plan unveiled by National Development Minister S. Dhanabalan last Wednesday to transform Singapore into the first developed country in the Equator by the end of this century is that it serves many objectives. Before examining what these662 words
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574 1989-09-23 12 THE $5 QUESTION THE latest ship series $5 bills with the printed word twakow in romanised Hokkien beside a sketch of a Chinese junk has reportedly ruffled some people here last week. They questioned its spelling, arguing that as it originally stood574 words
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Article172 1989-09-23 12 “When we are young, we have opportunities to study physics, history and language, but we are taught nearly nothing about how to live with one’s partner in life. 1 think that is very important.” Actress Joan Chen commenting on the break-up of her marriage. “The Americans say you172 words
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NEWS FOCUS/ Analysis
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1480 1989-09-23 13 SANDRA DAVIE - By SANDRA DAVIE be even worse.” Sunday Times. Singaporean students are opting for universities that take students based on their 0 level results so that they can get degrees earlier. An increasing number of them are also heading overseas to dobe even worse.” — Sunday Times. - 1,480 words
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642 1989-09-23 13 MATHEW PEREIRA - By MATHEW PEREIRA THAT “dirty weekend” in a Thai hot spot is a thing of the past for many male Singaporeans. Tour agencies report that local men who used to frequent Haadyai and Bangkok are staying away from these two642 words
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Article61 1989-09-23 13 THE UN World Health Organisation estimates there are HO.bOil Aids carriers In Thailand, about four times the figure given by the Thai government. Most of them are prostitutes and drug users. Health experts in Thailand dispute the official Thai figures and accuse the government of withholding information61 words
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TIME$
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Article, Illustration612 1989-09-23 14 WALTON MORAIS - Ambitious project will have theme park, a country club, restaurants, supermarkets, nightclubs and golf and shooting ranges By WALTON MORAIS m Business Times BUSINESSMAN Lim Tjoen Kong, who controls listed Tuan Sing Holdings, has embarked on a $1 billion property development project in612 words
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278 1989-09-23 14 CITY Developments, the listed property arm of the giant Hong Leong group, riding on the crest of the current property boom, has turned in some sparkling results for the first half of the year. Group pre-tax profit for the six months to278 words
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590 1989-09-23 14 KEVIN GWEE - By KEVIN GWEE in Business Times THE Lityan Group is staging a reverse takeover of Acma Electrical Industries Ltd through an injection of four electronics and computer related companies in exchange for shares which will give it a near 57 per cent stake in590 words
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337 1989-09-23 14 SHANGRI-LA Hotel Ltd has entered into a joint venture with Kuok Singapore Ltd and an Indonesian businessman, Mr Prajogo Pangestu. to develop a $52 million beach resort hotel on Sentosa. An announcement from the hotel on Wednesday said Mr337 words
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Article34 1989-09-23 14 KUALA LUMPUR The price of tin dropped 44 sen on the Kuala Lumpur Tin Market (KLTM) on Tuesday to M 521.86 a kg one of the lowest levels in seven months.34 words
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271 1989-09-23 14 KLASSE Department Store Sdn Bhd, which lost a $4.5million suit against a Brunei developer, has been granted leave to appeal against the Brunei court judgment. Lawyers for Klasse, a Brunei subsidiary of listed food group QAF Ltd, had advised271 words
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480 1989-09-23 15 DOREEN SIOW - Centrepoint and Jelita Centre now valued at $414 million By DOREEN SIOW RISING property prices in the last five months have resulted in a whopping $94.3million revaluation surplus in investment properties owned by the Cold Storage Holdings group. This comes in the wake480 words
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Article, Illustration304 1989-09-23 15 FOO CHOY PENG - By FOO CHOY PENG Hongkong Exhibition Centre. Busi ness Times. THE New World group headed by Hongkong tycoon Cheng Yu-tung is currently negotiating an equity stake in the deluxe hotel proposed for the massive Singapore International Convention and Exhibition Centre. “Right now,Exhibition Centre. — Busi ness Times. - 304 words
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154 1989-09-23 15 BENEFITING FROM improved commodity prices, diversified plantations group Boustead Holdings Bhd has turned in sparkling year-end results. This was reflected in the strong showing by its three listed plantation subsidiaries Malakoff Bhd. Kuala Sidim Rubber Co Bhd and Selangor Coconuts Bhd which accounted for154 words
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Article152 1989-09-23 15 COUNTER RATES Singapore dollars to one unit of foreign currency US dollar Buying OD 1.9665 Selling 1.9855 Sterling pound 3 0948 3.1480 Australian dollar 1.5177 1 5576 Canadian dollar 1.6570 1 6862 NZ dollar 1.1540 1.1883 Singapore dollars to 100 units of foreign currency Austrian schilling 14 2641152 words
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137 1989-09-23 15 WEARNE Brothers Ltd has gone into a joint venture with Jaguar Cars and a Taiwanese motor trader to distribute, service and repair Jaguar cars and parts in Taiwan. Taiwan is now the third largest market for Jaguar cars in Asia, after Australia137 words
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810 1989-09-23 15 Sharemarket review WITH the exception of one day Thursday the Singapore stock market had a lack-lustre week, as most investors chose to stay on the sidelines or take profits And, with most prices continuing to erode, the ST Industrials Index closed yesterday 19.01810 words
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217 1989-09-23 15 RETAILER Robinson and Company continues to display ever-improving results with a 23.5-per cent rise in group pre-tax profit to $9.37 million for the year ended June 30. This compared with $7.58 million for the previous year. At the bottom line, the results were even more217 words
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Article6893 1989-09-23 16 All shares quoted have a par value of $1. unless otherwise specified. Adjusted for scrip/rights. N Tai-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 of6,893 words
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Article240 1989-09-23 17 Manager's prices for September 23 25 Singapore Unit Trust The Commerce 1.22-129 The Savings Fund 1.07—1.13 S'pore Prog Fund 0 46—0.50*d S'pore Sec Fund 0 76- 0.81 S pore Invest Fund 0 82 —0 87 S'pore Equity Fund 057-061 Asia Unit Trust Mai Invest Fund 1.60--169 Mai Prog240 words
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Article740 1989-09-23 17 The Hongkong market was closed yesterday for the Mid- Autumn Festival holiday. Friday September 22 HKt Amoy Properties 3 275 0 075 Asia Sec Int 1 2 325 0 05 Asia Sec War 91 0 62 0 02 Bank of EA 14 50 unch Bond Corp Int'l 1 75740 words
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Article63 1989-09-23 17 THE Straits Timm Industrials Index fell 19.11 points on the week to 1,392.89 points. Day-to-day Indices: MONDAY: 1,494.51 points (down 1.39); 11.43 m units (valued $131.48m); TI'ESDAY: 1,399.21 (down 5.24); 60.94 m unite (SU6.llm); WEDNESDAY: 1,394.91 (down 4.39); 64.61 m units (9131.8 m); THURSDAY: 1,491.35 (up 6.38);63 words
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Article52 1989-09-23 17 THE New Straits Times Industrials Index rose 19.65 points to 2,521.81 points. MONDAY: HOLIDAY; TUESDAY: 2,591.12 points (down 9.59); 52.941 m units (valued M591.296m); WEDNESDAY: 2,591.99 (down 9.63); 38.391 m units (M968.922m); THITtSDA Y: 2,511.79 (up 19.79); 31.966 m units (M579.97m); FRIDAY: 2,521.87 (up 19.98); 43.421 m52 words
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Article48 1989-09-23 17 THE Hongkong Hang Seng Index rose 93.54 points to 2,796.36 on pplt MONDAY: 2,648.21 points (up 35J9); turnover HKSI.2 billion; TI'ESDAY: 2,628.39 (down 19.91); HK3H6.79 million; WEDNESDAY: 2,631.29 (up 2.9); HK5992.19 million; THIHSDAY: 2,665.75 (up 34.55); HKSI.99 billion; FRIDAY: 2,796.36 (up 49.61); HKSI.9I billion).48 words
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Article, Illustration512 1989-09-23 18 SUZANNE SOH - After five years of delay, owners try to make up for lost time By SUZANNE SOH in Business Times AFTER five years of delay, the owner of the three-storey, pre-war Heeren Building in Orchard Road is trying to make512 words
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191 1989-09-23 18 dividend then. Business Times. TRANS-ISLAND Bus Services Ltd has reported a 1.04 per cent increase in after tax profits to $3.62 million for the six months ended June 30. The Sesdaq-listed «roup’s turnover rose 28.36 per cent to $36.63 million,dividend then. — Business Times. - 191 words
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336 1989-09-23 18 THE DBS group, comprising DBS Bank, DBS Finance and Great Pacific Finance, has decided to further liberalise its housing loan policy by providing financing for private homes with less than 50 years lease left. The move comes less than336 words
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111 1989-09-23 18 Bemama. KUALA LUMPUR Mentakab Rubber Co (Malaya) Bhd’s pre-tax profit dropped by 80 per cent to M 585,485 (5562.147) for the half year ended June 30 from M 5422,627 previously. Turnover declined by 14 per cent to M 5788,835 from M 5918,139 and it alsoBemama. - 111 words
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174 1989-09-23 18 One-for-two bonus, rights issue by IGB Corp MBT. KUALA LUMPUR Property group IGB Corp has proposed a l-for-2 bonus issue of 120.53 million 50-sen shares, a l-for-2 rights issue of 120.53 million shares at $1.50 each, and M 560.26 million 1 per cent convertible unsecured loan stock (CULS) to beMBT. - 174 words
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Article404 1989-09-23 18 Company RIGHTS ISSUE Causeway Inv Renounceable rights issue of $7 25m nominal amount of 6% unsecured notes with TSRs to SuDscnOe for new Causewy snares Shareholders will be allotted $1 nominal amount of loan stocx with one TSR for every four existing shores held Ex-date: Aug 24 Boots404 words
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Article228 1989-09-23 18 Company RIGHTS ISSUE Alcorn Capitol reduction from M$8i 56 to M$i6 3lm through a write down of M$1 por value to M$0 20, followed by the consolidation o< five of the 20-sen share into one snare of M$! each Rights issue of three for one MJ0 80 Ayer228 words
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Article, Illustration487 1989-09-23 19 But weakening car mart may hit full year’s earnings INCHCAPE Bhd appears all set to turn in record profits for the current financial year, but the weakening car market in Singapore could have an adverse impact. Results for the first six months,487 words
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390 1989-09-23 19 LOWER provisions for bad debts and a better economy have helped Hong Leong Finance and its subsidiary Singapore Finance to come up with a set of interim results that should delight most of their shareholders. Hong Leong Finance announced a 34-per cent rise390 words
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177 1989-09-23 19 JAPANESE spending in Singapore is likely to rise, with retailers here accepting the card of one of Japan's largest credit card companies from this week. DBS Bank subsidiary, DBS Card Centre Pte Ltd, has signed an agreement with Nippon Shinpan Co Ltd to177 words
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113 1989-09-23 19 DESPITE a slight drop in group turnover, better margins have enabled feedmill manufacturer Gold Coin Ltd to increase its pre-tax profit by 27 per cent for the first half of the year. Group turnover dipped 3 per cent to $283.78 million for the113 words
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Article43 1989-09-23 19 NEPTUNE Orient Lines (NOL) is buying an IBM computer for $lO million to provide its customers with more accurate shipping data. It is the latest in the IBM range and "will put NOL in the big league of computer users".43 words
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CORPORATE ROUNDUP
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Article731 1989-09-23 19 Compiled by JULIANA TAY AUDITED RESULTS Company Year to Group, Nat t Nat aamlnga Qroea proftt/losa (L) par share dividend COM) (cants) George Town Mor 89 M$2.134($901) 123o(43o) 57o(39ol JC-MPH Mor 89 $10,823 ($6.100) 7 1(401 3(2) J Cement Mor 89 1,0191 ($3,2051) —I—I 050) I <9 loniut Mor 89Compiled by JULIANA TAY - 731 words
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237 1989-09-23 19 THE surge in tourist arrivals and the buoyant Singapore economy enabled King’s Hotel to post sparkling results for the first six months ended June 30. Group pre-tax profit after interest on borrowings shot up by more than nine times to $4.83 million from $516,000237 words
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FORUM
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680 1989-09-23 20 ON THE PRIME MINISTER’S NATIONAL DAY RALLY SPEECH I MISSED watching the Prime Minister on TV the other night. But I have gone through his speech at the National Day Rally in The Straits Times of Aug 21. Especially on the emigration issue. I680 words
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Article193 1989-09-23 20 I REFER to a remark made by our Prime Minister recently. It had something to do with why fewer women in Singapore were getting married. I think it has something to do with national service for boys. At the age of 18, every boy must193 words
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314 1989-09-23 20 WE WOULD like to express our strong objections to the article ‘‘PKMS opts for return to communal path” (ST, Sept 12 Overseas Edition, Sept 16). There is no truth in the allegation that the Singapore Malay National Organisation (PKMS) is314 words
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Advertisement214 1989-09-23 20 77K*Sfmits r rniH' 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 condehsed into one paper. The Straits Times Weekly Overseas Edition. Printed on lightweight paper in convenient tabloid size, it fills you in on214 words
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Advertisement141 1989-09-23 20 Dear Readers THE Straits Times welcomes letters from you. Your letters must include your signature, full name, address, and home and office telephone numbers. They should preferably be typed, doubled-spaced, on one side of the paper. Brevity is an advantage. We do not accept for publication letters from writers who141 words
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Page 21 Advertisements
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Advertisement1228 1989-09-23 21 APPOINTMENTS NATIONAL r T UNIVERSITY OF SINGAPORE FACULTY OF BUSINESS ADMINISTRATION The Faculty of Business Administration comprises the following departments: Business Policy. Decision Sciences. Finance and Banking, Marketing and Organisational Behaviour. Applications are invited from candidates for the following posts Senior Teaching Fellowships/Teaching Fellowships (Human Resource Management Specialists) Candidates should1,228 words
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Page 22 Advertisements
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Advertisement1084 1989-09-23 22 APPOINTMENTS Persona Search SENIOR CONSULTANT EXECUTIVE SEARCH We are Persona Search, the executive search subsidiary of Japan’s number one personnel services company. We are in the process of establishing a branch office in Singapore and now seek to employ a Senior Consultant to head up all operations in Singapore. We1,084 words
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TIMESPORT
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Article, Illustration408 1989-09-23 23 JOE DORAI - MALAYSIA CUP SEMI-PRO DIVISION ONE LEAGUE By JOE DORAI KUANTAN Singapore stunned Pahang by snatching a 3-3 draw at the Darulmakmor Stadium on Wednesday night in the Semi-Pro Division One Malaysia Cup competition. The Republic twice came fromPicture by JERRY SEH. - 408 words
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Article, Illustration473 1989-09-23 23 KUALA LUMPUR Bernama. KUALA LUMPUR A foundation to produce Malaysian sports champions. not just at regional level but for world and Olympic competitions, was launched this week. The Foundation for Malaysian Sporting Excellence. or Sportsexcel. was launched bv Youth and Sports MinisterBernama. - 473 words
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551 1989-09-23 23 JOE DORAI - SINGAPORE 3 KEDAH 1 JOE DORAI. SINGAPORE served up their best performance of the season last Saturday night, beating Kedah 3-1 in the Malaysia Cup SemiPro Division One soccer competition. The 21,000 fans at the National Stadium witnessed an impressive display551 words
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Article200 1989-09-23 23 Bemama. JOHOR BARU A goal by Zainal Abidin Hassan in the 87th minute enabled Selangor to edge out Johor 1-0 in a Division One Semi-Pro League soccer match at the Larkin Stadium here on Wednesday night. Zainal received a pass in midfield from Razali Alias andBemama. - 200 words
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185 1989-09-23 24 Alan Hubbard - By Alan Hubbard, Europe Editor LONDON British Airways has dismissed as “mere speculation” a report linking it in a possible business merger with Singapore Airlines. According to the London Times, BA, which last week acquired a 15-per cent stake in America's United Airlines, wants to185 words
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324 1989-09-23 24 DOREEN SIOW - LATE COMPANY NEWS By DOREEN SIOW ONE of Singapore’s most prestigious shopping complexes, The Paragon in Orchard Road, and an adjoining site were sold on Wednesday for a record $690 million. The sale to a member of Japan’s Sogo group will324 words
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530 1989-09-23 24 then buys 13pc stake in Singapore Land for $281m the next day ASSET-TRADER United Industrial Corporation has bought a 13-per cent stake in Singapore land Ltd for $2Bl million, a day after it announced that it had sold The Paragon shopping complex in Orchard Road and an adjoining plot for530 words
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Article137 1989-09-23 24 SUBANG Selangor Mentri Besar Tan Sri Muhammad Haji Muhammad Taib, at the centre of a row with the Sultan of Selangor, returned to Kuala Lumpur yesterday after performing the Umrah in Mecca. He declined to make any statement but said that he would be continuing with137 words