The Straits Times : Weekly Overseas Edition, 6 January 1990
1990-01-06
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The Straits Times : Weekly Overseas Edition
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Title Section20 1990-01-06 1 The Straits Times WEEKLY OVERSEAS EDITION SATURDAY, JANUARY 6, 1990 Price: 551.20 (in Singapore) Elsewhere by subscription only MCI(P) 37/8/8920 words
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Article, Illustration562 1990-01-06 1 The Prime Minister’s New Year wish MR LEE Kuan Yew, In possibly his last New Year message as Prime Minister, has called on Singaporeans to make the 1990 s the decade when Singapore comes of age562 words
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Article, Illustration1179 1990-01-06 1 HAN FOOK KWANG - Panel proposes sale of ‘licence to buy’ by auction By HAN FOOK KWANG MOTORISTS will have to take part in a public auction to get a licence to buy a new car, if a proposal by a group of MPs is accepted by the Government.1,179 words
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Article401 1990-01-06 1 THE Singapore stock market zoomed into the new decade in spectacular style, and only a 600-point plunge in Tokyo yesterday afternoon stopped the Straits Times Industrials Index from posting its third ail-time high in as many days. In the heaviest trading seen in many401 words
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Page 1 Advertisements
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Advertisement61 1990-01-06 1 INSIDE Is the MBA merely a paper chase? r r PAGE 13 HOME PM launches start of 25th anniversary celebrations PAGE 4 Govt moves to ensure religious harmony PAGE 6 CAUSEWAY Judge who took three years to write grounds of judgment PAGE 11 TIMESDOLLAR PAGES 14-19 I FORUM PAGE 2061 words
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Advertisement5 1990-01-06 1 mi Membership Has Its Privileges5 words
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NEWS FOCUS
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419 1990-01-06 2 Total in 11 months already surpasses previous high of $167 billion WITH total trade in the first 11 months of last year already surpassing the previous record of $167.3 billion in 1988, the Republic is set to turn in another419 words
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Article, Illustration371 1990-01-06 2 Pulau Brani. Business Times. TUAS. which is fast becoming a major industrial hub. is being considered as an alternative site to Pasir Panjang for Singapore's third container port. An inter-ministry committee was set up recently to study the matter. It comprisedPulau Brani. — Business Times. - 371 words
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107 1990-01-06 2 NST. KUALA LUMPUR Malaysia Airlines’ began its twice weekly flights to Ho Chi Minh City on Wednesday and hopes to capitalise on the increasing number of foreigners interested in going to Vietnam. An airline spokesman said that although not many Malaysians would– NST. - 107 words
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205 1990-01-06 2 water to flow." Bemama KUALA LUMPUR MALAYSIAN Works Minister Datuk Leo Moggie indicated this week that the proposed second link between Johor and Singapore would not be in the form of a causeway but a bridge. He said that thewater to flow." — Bemama - 205 words
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Article58 1990-01-06 2 AFP HONGKONG Press baron Rupert Murdoch is to buy a leading Hongkong Chineselanguage newspaper for HKSI.I billion (SS26B million), a report said here yesterday. The report in the evening paper, Sing Tao, said that Mr Murdoch had reached an agreement to buy the Ming Pao– AFP - 58 words
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127 1990-01-06 2 Bernama. BUKIT MERTAJAM (Penang) The Chinese community need not worry that the Chinese language will become “extinct" following the full use of Bahasa Malaysia as a medium of instruction in schools, Education Minister Anwar Ibrahim said. They should not harbour such aBernama. - 127 words
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538 1990-01-06 2 SUZANNE SOH - By SUZANNE SOH in Business Times BUYING a prawn farm in Batam island could be the ticket to permanent residence in Indonesia for Hongkongers: This will be the marketing pitch at a property exhibition in Hongkong next week to woo investors from the538 words
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296 1990-01-06 2 QUAK HIANG WHAI - By QUAK HIANG WHAI in Business Times VISITORS to Singapore spent $837 million through American Express (Amex) cards and travellers cheques in 1988, according to a survey released by the charge card company. At the same time, spendings by Amex's Singapore296 words
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561 1990-01-06 3 HAN FOOK KWANG - Limit set on contributions paid on additional wages Limit on amounts that will be tax-free By HAN FOOK KWANG TOP earners with annual wage packages of over $lOO,OOO will be affected by new moves to stop the Central Provident Fund561 words
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532 1990-01-06 3 ETHNIC conflicts and wars will become more numerous and intense in the future, making it more difficult for the world to become one single global community, former Senior Minister S. Rajaratnam has predicted. This will occur even though the532 words
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138 1990-01-06 3 UNCONVENTIONAL scholars who fill up “blanks, gaps of knowledge” from the history of street names to the lifestyles of early immigrants in Singapore are whom Mr S. Rajaratnam hopes can benefit from a new education fund set up in his name.138 words
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Article, Illustration279 1990-01-06 3 Bernama. KUALA LUMPUR Datuk Seri Dr Mahathir Mohamad said last Friday that Mr Ghafar Baba, who is the Deputy Prime Minister and Umno deputy president, should take over the leadership of the party and the government after him. This wouldBernama. - 279 words
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419 1990-01-06 3 STUDENTS who intend to study in Australia and those who wish to emigrate there will now have to undergo a compulsory Aids test. This new requirement, which came into effect on Dec 19, will apply worldwide to all foreign419 words
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125 1990-01-06 3 Reuter. HONGKONG Hongkong police have frozen more than US$9 million (5516.9 million) in bank accounts belonging to suspected drug traffickers they believe may be using the British colony to launder their profits, a narcotics bureau officer has revealed. Police believe tens of millions ofReuter. - 125 words
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210 1990-01-06 3 TAN LI AN CHOO - Chavalit my successor Chatichai TAN LI AN CHOO. BANGKOK Prime Minister Chatichai Choonhavan wants the Army Commander-in-Chief, General Chavalit Yongchaiyudh, to succeed him as Premier, according to news reports here. Gen Chatichai has been quoted in the reports as saying that the army chief should first be Defence Minister in210 words
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25th ANNIVERSARY CELEBRATIONS
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Article, Illustration313 1990-01-06 4 MY COUNTRY, My Singapore, a musical extravaganza that cost $2.5 million to stage, kicked off an eight-month programme of celebrations to mark Singapore’s 25th anniversary as an independent nation. The dazzling three-hour show, staged on New Year’s Eve in the Indoor Stadium at Kallang Park, was313 words
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Article, Illustration701 1990-01-06 5 SANDRA DAVIE - Laser beams dazzle crowd as countdown to August 9 begins By SANDRA DAVIE THE symbol of Singapore’s 25th birthday bash the Celebration Tower was brought to life on New Year’s night by Mr Goh Chok Tong and witnessed by a crowd of 10,000. When the701 words
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273 1990-01-06 5 TWO hotel restaurants have been punished by the courts one following a complaint by a group of tourists that they suffered food poisoning after a meal, and the other for having a dirty kitchen. The Grand Italia Restaurant in the Glass Hotel273 words
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164 1990-01-06 5 IN A MAJOR reshuffle, IBM has moved its head of Singapore operations, Mr John Wong, to a higher position at its headquarters in New York, and has appointed another Singaporean, Mr Philip Ng, as its new local Managing Director effective from Jan 1. A spokesman164 words
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168 1990-01-06 5 THE Ministry of National Development is expected to announce shortly new measures to get the construction industry to automate and exploit information technology lyAt a press briefing on Thursday, Construction Industry Development Board (CIDB) officials refused to give any details, except168 words
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HOME
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1099 1990-01-06 6 White Paper spells out penalties for those who break new laws; presidential council planned RELIGIOUS leaders and members of religious groups whose words and actions threaten Singapore's religious harmony will, in future, face Government orders to stop preaching, or jail terms and fines. These1,099 words
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Article92 1990-01-06 6 MINOR Singaporean citizens by descent or registration must take the oath of renunciation, allegiance and loyalty within 12 months of reaching 21 to keep their Singapore citizenship. Those who are away may take the oath at Singapore missions overseas or, with permission from the Registrar of Citizens,92 words
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Article, Illustration249 1990-01-06 6 SENIOR Parliamentary Secretary (Environment and Trade and Industry) Eugene Yap is stepping down from his political posts this month to join the private sector. A statement from the Prime Minister’s Office said yesterday that the President had approved Mr Yap’s resignation, effective Jan 26.249 words
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Article182 1990-01-06 6 RAV DHALIWAL - By RAV DHALIWAL THE occasional grumbles from cabbies about the woes of their jobs have not discouraged 16,000 people who are on the waiting lists of taxi companies. Going by this number, it would appear that driving taxis is one of the most popular vocations182 words
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Article, Illustration351 1990-01-06 6 MR GOH Chok Tong entered politics in 1976 not so much as a reluctant politician, but an unlikely one. Making the admission himself at the Neptune Orient Lines (NOL) 21st anniversary dinner last Saturday, the First Deputy Prime Minister recalled how he351 words
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287 1990-01-06 6 MORE babies are expected to be born in the Year of the Horse next year and the prediction is that the government’s target of 50,000 infants will be reached. Geomancers said that the new lunar year, which begins on Jan 27287 words
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Article, Illustration535 1990-01-06 7 HEARING into the contempt of court action against the Asian Wall Street Journal was postponed last Friday to a date before the end of February. The Hongkong-based Journal, which intends to engage535 words
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Article195 1990-01-06 7 THE Far Eastern Economic Review is appealing against the High Court judgment on Mr Lee Kuan Yew’s libel suit, the magazine reported in its Jan 4 issue. It also said that it planned to seek an agreement from the Prime Minister so that either party195 words
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Article, Illustration281 1990-01-06 7 A SPECIAL cheap travel package to attract Singaporeans who have emigrated, or are residing or studying abroad, to return here for the 25th anniversary celebrations has been launched by Singapore Airlines. The year-long package, called Singapore Reunion '9O, is part of SlA’s281 words
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Article, Illustration111 1990-01-06 8 LIM Pei Yi, only two months old, already holds a passport which has a validity period spanning two centuries the 20th and the 21st. Her 10-year restricted passport, for travel to Malaysia, Is valid from Jan 2, 1000, to Jan 2, 2000. According111 words
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Article, Illustration360 1990-01-06 8 YOU are in a taxi along the Pan-Island Expressway when your pager suddenly beeps. It is from an important business client but there is no telephone in sight. However, you can return that urgent360 words
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Article194 1990-01-06 8 KEPPEL Shipyard yesterday announced its biggestever pay bonus of 5.17 months to its 2,000 employees. A spokesman for the group said the company paid a bonus last year of 4.08 months The last time it rewarded staff with a payment of more than five months194 words
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Article87 1990-01-06 8 THE Prime Minister has sent a message of sympathy to victims of the earthquake in Newcastle. In a message to Australian Prime Minister Robert Hawke last Friday, Mr Lee Kuan Yew said he was saddened to learn of the loss of lives, injuries and suffering that resulted87 words
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Article383 1990-01-06 8 The New Paper. KANDANG Kerbau Hospital has admitted it made? a mistake in diagnosing a virgin girl as pregnant. The hospital s medical director. Dr Koh Thong Sam, said the wrong diagnosis was causedThe New Paper. - 383 words
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231 1990-01-06 8 THE woman wrongly diagnosed as pregnant has forgiven Kandang Kerbau Hospital for the mistake, hut she is upset at the way its staff questioned her. Miss Ng Beng Hong, 21, said she is still angry at the231 words
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101 1990-01-06 8 A FUN-FILLED start to the New Year meant flinging water-filled plastic bags 11 storeys down. That was what a group of foreign workers did. But unknown to them, some policemen were on duty and watching them just after midnight on Monday. The101 words
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338 1990-01-06 8 LYNETTE ONG - By LYNETTE ONG IN A MOVE to propel the legal profession into the computer age, the Attor-ney-General’s Chambers has set up a $4.3-million system which eventually aims to computerise all of Singapore's laws. The initial system, which was officially launched338 words
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168 1990-01-06 8 FIRST Deputy Prime Minister Goh Chok Tong is to be the keynote speaker when the People’s Action Party holds its second party convention next month. Unlike the first convention in January 1988 which was for the purpose of adopting the Agenda168 words
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700 1990-01-06 9 A RADICAL proposal to set a quota on the number of new cars on the road may not yet have government approval, but some car dealers are already expecting better sales this year because of it. Regardless of whether700 words
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Page 7 Advertisements
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Advertisement500 1990-01-06 7 Singapore: Home to global companies pi N Build up a career in Singapore Visit Career Fair '9O March 1990 There is much going on in Singapore today. Our economy has developed to the point where we are now the Asia-Pacific hub for many industrial and business activities. Singapore has become500 words
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across the CAUSEWAY
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Article, Illustration444 1990-01-06 9 KUALA LUMPUR The Sultan of Selangor may set up his own security force after a palace police sentry took his computerised $200,000 Rover car for a joy ride and landed it in a ditch on Dec444 words
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391 1990-01-06 9 NST. KUALA TRENGGANU Prime Minister Datuk Seri Dr Mahathir Mohamad said bumiputra traders should not be overly enthusiastic to become rich overnight as this may result in their downfall. Instead, they should be patient, and with dedication and hard work,NST. - 391 words
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181 1990-01-06 9 NST. KUALA LUMPUR Prime Minister Datuk Seri Dr Mahathir Mohamad has said that some unemployed graduates, particularly among the Malays, were unable to get jobs in the private sector because their command of English was poor. “It is their own choice and they– NST. - 181 words
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Article, Illustration1125 1990-01-06 10 Ismail Kassim - Observers see move as bid to check infighting within the party News analysis: by Ismail Kassim KUALA LUMPUR Twice last month, Prime Minister Datuk Seri Dr Mahathir Mohamad brought the question of his successor into the open. On both occasions, he made clear1,125 words
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857 1990-01-06 10 Bernama. KUALA LUMPUR Prime Minister Datuk Seri Dr Mahathir Mohamad has dismissed the possibility of the opposition Spirit of '46 party winning the next general elections but conceded that Umno would lose some marginal seats. “That is going to be the pattern,"Bernama. - 857 words
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191 1990-01-06 10 NST. KUALA LUMPUR Prime Minister Datuk Seri Dr Mahathir Mohamad has said that the coronary bypass operation he underwent in January had a very strong psychological effect on him he is a changed person. “If you consider that during the operationNST. - 191 words
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249 1990-01-06 10 DR MAHATHIR urged Malaysians lo support the government’s efforts to fight corruption and show no sympathy towards people who were corrupt. He said that while the government remained committed to maintaining a clean administration, the people must not be ambivalent about corruption.249 words
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CAUSEWAY/ASEAN
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278 1990-01-06 11 NST. KUALA LUMPUR A factory worker, sentenced to death for drag trafficking, escaped the gallows this week because a High Coart Jadge took THREE YEARS to write his grounds of Judgment. The Supreme Coart, presided overNST. - 278 words
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332 1990-01-06 11 NST. KUALA LUMPUR Malaysia is planning to buy anti-aircraft missiles to beef up its air defence capability. Retiring armed forces chief of staff LieutenantGeneral Datuk Jaffar Mohamad, disclosing this last week, said that anti-air-craft missiles were important in defending army unitsNST. - 332 words
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219 1990-01-06 11 Bernama. KUALA LUMPUR A telecommunication tower, which is expected to be the world's tallest concrete block, will be built here at a cost of MS2OO million (Ssl3B million). To be ready in five years, the 420-m “Kuala Lumpur Tower” will receive and beamBernama. - 219 words
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180 1990-01-06 11 KUALA LUMPUR A Malaysian private company has said it is prepared to invite the leader of the Communist Party of Malaya (CPM), Chin Peng, to be its chairman, a Malaysian weekly reported. Esquire Weekly said that Hai-O, a group of companies dealing180 words
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287 1990-01-06 11 Bernama JAKARTA Indonesia’s foreign policy this year will concentrate on improving relations with countries in the Asia-Pacific region, Foreign Minister Ali Alatas said yesterday. In a year-end statement distributed to the country’s mass media, he also said that one of theBernama - 287 words
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Article, Illustration581 1990-01-06 11 ABBY TAN - ‘Charges usually do not stick, they fall of his back easily’ By ABBY TAN Manila Correspondent MANILA Critics of opposition Senator Juan Ponce Enrile, who has been accused of involvement in the recent coup attempt against President Corazon Aquino, are saying581 words
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153 1990-01-06 11 ABBY TAN - ABBY TAN. MANILA President Corazon Aquino, Invoking her emergency powers In a bid to forestall future military uprisings, has ordered the surrender of all Illegal firearms and military equipment In the hands of unauthorised persons. The thousands of Filipinos who legally own firearms are153 words
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COMMENT/ Pick of the week’s editorials
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Article618 1990-01-06 12 JAN 6, 1990 LEADING stock markets opened the year and the decade in such good form that New York, London, Singapore and Kuala Lumpur were reporting new all-time highs within the first week of trading. However, Tokyo, the world's largest market, got off to a more uncertain618 words
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Article675 1990-01-06 12 JAN 5. 1990 THE car market in Singapore has long been a jittery one, reacting to the slightest rumour about what more the Government will do to control the car population. After Wednesday’s announcement that a Parliamentary Select Committee had proposed a quota scheme to fix675 words
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Article579 1990-01-06 12 JAN 4, 1990 THE recent epoch-making developments in Eastern Europe, particularly the dramatic overthrow and execution of Rumanian dictator Nicolae Ceausescu. have, naturally, led to speculation about political reform in China. There is no doubt that Beijing is acutely apprehensive about the waves of changes now579 words
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712 1990-01-06 12 NEW LEGAL YEAR TODAY is the first day of a new legal year in Singapore. Traditionally, the day for rejoicing, reflecting and reminiscing by all parties involved in the administration of justice in our law courts. First and foremost the Bench; and712 words
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Article131 1990-01-06 12 “A show can only give a glimmer, a glimpse of the Intense feelings, emotions, the sense of do or die which a people most feel to surmount and overcome a crisis.*’ PM Lee Kuan Yew, noting that the musical extravaganza, My Country, My Singapore, could not instill a131 words
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COMMENT / Perspective
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Article1741 1990-01-06 13 A Master’s degree in business administration. Does it do what it says which is to make you a master of business administration? What are the benefits, and the costs? In short, for the ambitious and career-minded Singaporean, is the MBA worth the effort?1,741 words
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716 1990-01-06 13 Steven Weisman - By Steven Weisman NYT. KAWAGUCHI (Japan) The mayor of this drab factory town north of Tokyo is upset that some people viewed recent statements of his as racist, especially his comment that with so many dark-skinned foreigners inNYT. - 716 words
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TIME$
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How Far Eastern markets began the new decade
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528 1990-01-06 14 ROSIE TAN - But high volume of Malaysian shares traded raises fears of KL retaliation SINGAPORE: STI Index jumps 18.13 points By ROSIE TAN in Business Times CLOB INTERNATIONAL, the newly installed over-the-counter market for selected Malaysian and foreign shares, staged an impressive debut on the first trading528 words
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362 1990-01-06 14 KUALA LUMPUR: NST Index soars 37.39 points MBT. KUALA LUMPUR The stock market started the first trading day of 1990 and the new decade with a bang as investors and speculators went on a buying spree chasing share prices sharply higherMBT. - 362 words
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122 1990-01-06 14 Reuter. SHARE prices on Tuesday rose slightly in thin trading, responding cooly to a Cabinet revamp announced at the weekend, brokers said. The Manila Stock Exchange composite index rose 10.88 points to close at 1,115.45 points. The combined volume at the two bourses fell toReuter. - 122 words
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68 1990-01-06 14 Reuter. THE Thai market kicked off 1990 with a determination to extend its previous year’s hectic rally, brokers said. The SET Index rose 20.42 points on Tuesday to its eighth successive record of 899.61 in heavy trading with finance and property counters leading theReuter. - 68 words
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228 1990-01-06 14 HK: Hang Seng slightly higher Reuter. HONGKONG Stocks ended the day slightly higher after a roller-coast-er ride that saw a quiet market jolted by political jitters on the first day of trading in the new decade. Brokers said the Hang Seng Index closedReuter. - 228 words
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Article183 1990-01-06 14 ST Industrials Index THE Straits Times Industrials Index rose 88.14 points on the week to 1,531.47 points. Day-to-day Indices: MONDAY: Holiday New Year’s Day; TUESDAY: 1,488.48 (up 18.13); 134.48m units (*****m); WEDNESDAY: 1,521.88 (up 22.83); 188.2m units (*****m); THURSDAY: 1,534.17 (up 12.18); 183m units (8312.48m);183 words
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Article, Illustration578 1990-01-06 14 KOH BEE ANN - By KOH BEE ANN LOCAL stockbroking house Kim Eng Holdings Ltd which is expected to be listed just after the Lunar New Year, on Tuesday announced its public offer of 50 million 25-cent shares priced at 65 cents each. Based on578 words
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Article58 1990-01-06 14 CYCLE and Carriage Ltd’s (CCL) general otter for the issued and paid-up capital of Cold Storage (M) Bhd (CSM) other than the 42.13 per cent it already owns has lapsed. By the close of the otter, it had received acceptances for only 7,750 shares,58 words
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BT TOP 100 Ranking by market capitalisation as at December 31, 1989
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Article794 1990-01-06 15 Rank Company Market Value (In $mll) as at Dec 31 Number of Shares Issued as at Dec 31 (In million) 1989 Share Price High Low Par Value Market i Price as at Dec 31 <*> Gross Yield P/E Ratio 1 S 1 A 9240.5 637.3 15.200794 words
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Article1011 1990-01-06 15 JULIANA TAY - Compiled by JULIANA TAY Rank Company Market Value (In Smll) aa at Dec 31 Number of Sharaa laauad aa at Dec 31 (In million) 1989 Share Price High Low Par Value Market Price aa at Dec 31 <*) Groaa Vlald P/E Ratio 1 Sima Darby 50c1,011 words
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792 1990-01-06 15 ABDUL HADHI - Billion-Dollar Club’s ranks double to 31 By ABDUL HADHI in Business Times DESPITE a tumultuous year in the local stock market, the total market value of the top 100 companies has risen more than 46 per cent to $102.53 billion792 words
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474 1990-01-06 15 CHOW CHEE SUN - By CHOW CHEE SUN SIME Singapore Ltd, the Singapore arm of the Sime Darby group, which is seeking a listing on the stock exchange here, enjoyed a year of record profits on the back of the buoyant economy and the introduction of new474 words
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SINGAPORE SHARE PRICES
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Article3116 1990-01-06 16 SECTION ONE TRANSACTION DATE: JANUARY 5, 1990 Tal LMt vo* Day Last Hl*h Low Cods Company Sata -or- (’000) High Low Buyer Quo|g Or’a Otv S Or'a Dhr Y'M C'vr Mel P/I M Cep tml I INDUSTRIAL COMMERCIAL 233 174 398 295 190 454 5803,116 words
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736 1990-01-06 17 STRONG investor support helped the Singapore stock market to pass its initial test of “go-it-alone" trading with flying colours. Share prices and daily turnovers soared, and the Straits Times Industrials Index broke two all-time records before a sudden post-lunch 600-point plunge on736 words
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Article205 1990-01-06 17 Kuala Lumpur market MBT KUALA LUMPUR Bulls pushed prices on the Kuala Lumpur Stock Exchange to new highs this week, resulting in record volumnes and the New Straits Times Industrials Index posting a hefty 103-points gain. But profit-taking, which surfaced on Thursday, turned more– MBT - 205 words
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Article1795 1990-01-06 17 TRANSACTION DATE: JANUARY 5, 1990 <mio Tol Last Vol Day Last Quote High Low Coda Company Sale or(000) High Low Buyer Seller HONGKONG STOCKS 960 960 1730 !j o J I I 980 5 980 980 •70 •000 750 735 1341 HongkongBenk 735 -5 344 745 735 7301,795 words
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Article672 1990-01-06 17 Friday January S HKI Aihad Overseas 061 unch Amoy Properties 2 675 •0 025 Asia Sec Inf 225 unch Asia Sec War 91 0 SC Bank of EA 17 70 •0 30 Bond Corp Int'l 1 44 •0 01 Bond Corp War 91 0 49 •0 02 C P672 words
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557 1990-01-06 18 FROM mid-January, Singapore will, for the first time, have an index geared exclusively to the Singapore economy one of Asia’s most durable growth economies. Together with the attendant market valuations, investors will be able to track more closely the correlation between557 words
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379 1990-01-06 18 lion. – SI\ AM SIBRAMAV LAM - lion. SI\ AM SIBRAMAV LAM. SINGAPORE firms can tap the business opportunities offered by resource-rich Burma as its government moves to fully liberalise the economy. Mr George Abraham, executive director of the Indian Chamber of Commerce, who has just returned from a three-week stint379 words
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Article, Illustration113 1990-01-06 18 DR RICHARD Eu, 66, (above) has stepped down from full-time work as Vice-Chairman of the United Overseas Bank group of banks with effect from Jan 1. A statement from the group last Friday said that Dr Eu will remain as a director and member113 words
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Article56 1990-01-06 18 TIMES Publishing Ltd called off talks to buy Singapore’s largest printing company, Tien Wah Press (Pte) Ltd on Thursday. The company issued a statement saying that “negotiations with the shareholders of Tien Wah Holdings (Singapore) Pte Ltd (TWHS) for the purchase of all the issued56 words
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436 1990-01-06 18 39.2 million. – MARY KWANG - $39.2 million. MARY KWANG SINGAPORE hotels, which are seeing increased profits last year because of a demand boom, are already considering raising room rates by a further 15 to 25 per cent this year. Predicting this rate increase, Mr Ricky Goh,436 words
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446 1990-01-06 18 SIVAM SUBRAMANIAM - By SIVAM SUBRAMANIAM IN A BID to make Singapore an international trade arbitration centre, the Trade Development Board is planning to launch a $2-million company to handle international commercial disputes. Sources said that the TDB has invited each of the leading trade446 words
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Article137 1990-01-06 18 Bemama. MALAYSIA’s leading manufacturing industries recorded a 22.8 per cent rise in their total sales for the first 10 months of 1989 to M 545.47 billion from M 537.02 billion during the corresponding period in 1988. The Statistics Department said in its October issue ofBemama. - 137 words
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361 1990-01-06 19 ANNA TEO - By ANNA TEO in Business Times SINGAPORE has chalked up a perfect score in the latest country risk survey by the Japan Bond Research Institute. the first Asian newly-industrialising economy to do so since the surveys started in 1981. The Republic361 words
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274 1990-01-06 19 K. I SHI YAM A - By K. I SHI YAM A TOKYO Singapore-made furniture, as well as those from other Asean countries, is making inroads in the Japanese market. This is the result of Asean furniture makers remodelling their furniture to suit Japanese tastes, with some technical and financial274 words
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Article142 1990-01-06 19 COUNTER RATES Singapore dollars to on# unit of foreign currency Buying 00 Selling US dollar 1.8825 1.9035 Sterling pound 3.0657 3.1236 Australian dollar 1 4679 1.5085 Canadian dollar ***** 1 6466 NZ dollar 1.1133 ***** Singapore dollars to 100 unite of foreign currency Austrian schilling 15.8900 16.4800 Belgian142 words
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Article141 1990-01-06 19 BARELY half a year after they bonght Apex Tewer at a bargain Ml million, the same people a group of Indonesian businessmen are now honing to make a neat profit by asldng nearly SIM million for It. The 28-storey office complex along Anson Road,141 words
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Article246 1990-01-06 19 SELANGOR DREDGING BHD: After-tax profit of M 5401.000 (loss of M 5277,000) on turnover of M 58.31 million (M 54.98 million) for the six months ended Sep 30, 1989. Earnings per share of 0.24 sen (loss per share of 0.2 sen). No Interim dividend. PEGI MALAYSIA246 words
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Article711 1990-01-06 19 Currant Ex Book* DM* Total lor Total lor p*ym*nl dot* dot# payable Os* year laet year A 1 B '2%(bl D*c 27 Jon 11 Jon 23 '2% '0% Amol Steel 8%TE(b) No. 30 Dec 14 Jon 22 8%TE 8%TE Avimo I5%T£ Feb 28 Mor '2 Moy 15 25%TE711 words
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315 1990-01-06 19 FRESH from its record volume of 6.27 million contracts done last year, the Singapore International Monetary Exchange (Simex) has gained another accolade it was recently named "Exchange of the Year" by the London-based International Financing Review (IFR). The IFR, a monthly315 words
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143 1990-01-06 19 SESDAQ-LISTED The Hour Glass announced yesterday that it has entered into an agreement to buy Domino’s Restaurant for $417,000. In a statement, The HowGlass said it will purchase Domino’s entire share capital of 35,000 ordinary $1 shares. With the purchase, Domino will be a143 words
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FORUM
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307 1990-01-06 20 IN A multi-religious anti multi-racial society like Singapore, religious anti racial harmony must be maintained at all cost. The Government’s move to draft laws to ensure continued harmony is a step in the right direction. Peace can only prevail so long307 words
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Article175 1990-01-06 20 THE Member of Parliament for Jalan Besar GRC, Mr Peh Chin llua, was reported In The Straits Times of Dee 25 to have urged Singaporeans not to put too much stress on Christmas which he elaims is a Western festival at the expense of traditional Oriental customs.175 words
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293 1990-01-06 20 JANUARY is the time for new resolutions. Singapore has largely achieved its aims of being clean and green. So may I offer a new resolution for the new decade: Make Singapore beautiful and cool. First, beautiful. Many improvements have been made293 words
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96 1990-01-06 20 WITH regard to the increase in the foreign-maid levy and the tax concession granted to working women, shouldn’t this concession be extended to working, single parents? I am a widower with a teenage son. My spouse died in 1987, when my son96 words
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Article166 1990-01-06 20 I AM a frequent user of Changi Airport, both as a passenger and when meeting incoming guests. Like everyone else, I have high regard for our airport, but there are two aspects that need improvement. The information given over the telephone concerning confirmed arrival166 words
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Page 20 Advertisements
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Advertisement142 1990-01-06 20 leenp lililUli The Straits Times Weekly Overseas Edition. A crisp summary of the week's major happenings in Singapore. Politics, business, the economy, investment opportunities, executive appointments... And highlights on Malaysia and Asean. A convenient tabloid airmailed to you wherever you may be. Every week. The Straits Times Weekly Overseas Edition.142 words
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Advertisement132 1990-01-06 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 who132 words
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Page 21 Advertisements
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Advertisement1201 1990-01-06 21 APPOINTMENTS «•MS. A Subsidiary of Singapore Press Holdings Limited Duties Responsibilities: To provide user-interface and related services for computerisation o f editorial operation and to assist in its implementation. Requirements: Possess Diploma or Degree in Computer Sciences or any other recognised professional qualifications. Knowledge of electronic publishing and/or Chinese computer1,201 words
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Page 22 Advertisements
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Advertisement1046 1990-01-06 22 APPOINTMENTS The Ameroti Challenge. ii».meron, a US multinational is a strong market leader in fiberglass pipes fittings tor applications in the industrial, offshore, marine, petroleum St shipbuilding industries. To further enhance our market position and our customer commitment in the Asia Pacific, we are adding on two more professionals... Write1,046 words
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TIMESPORT
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Article, Illustration527 1990-01-06 23 J. RAJENDRAN; and JOE DORAI - SOCCER by J. RAJENDRAN and JOE DORAI THE Football Association of Singapore Council has offered national coach Jita Singh a new one-year contract which will expire next December. Jita, who was present at527 words
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Article, Illustration340 1990-01-06 23 Star striker sets his terms for return to Republic A FIVE-YEAR contract and about $7,000 a month; that is what soccer striker V. Sundramoorthy wants if he is to play for Singapore. Sundram took the unprecedented step of announcing his terms to340 words
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Article, Illustration402 1990-01-06 23 JOE DORAI - JOE DORAI DESMOND KOH, the 1988 Sportsboy of the Year and holder of three national swimming records, left for the United States this week under a four-year scholarship awarded by the Singapore Sports Council. Desmond. 16, will402 words
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Article, Illustration110 1990-01-06 23 THE race for the jockeys’ championship on the Ma-laysia-Singapore circuit had a nail-biting finish for the two leading contenders at the Penang races last Sunday Japan’s Mitsuhiko Michikawa (above) and Canada's Kenneth Skinner. Both started the day on 53 winners each. The score remained tied110 words
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Article, Illustration402 1990-01-06 23 NINE of Singapore’s top soccer coaches have been given the task of selecting the nation’s best young footballers for attachments with European clubs. The panel, headed by the FAS Director of Coaching, Seak Poh Leong, will be responsible for identifying promising players402 words
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Article33 1990-01-06 23 PREMIER League champions Geylang International retained the National Players Fund Shield when they heat President’s Cup holders Jurong Town S-2 at Jalan Besar Stadium on Wednesday wight.33 words
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Article, Illustration251 1990-01-06 24 AN OVERJOYED David Hui, 23, hugging his sister I.ai Yuet, 58, at the Kluang police station, as the ordeal of Miss Hui and four other missing hikers finally came to an end. Yesterday afternoon, the five hikers Miss Hui, two other251 words
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Article106 1990-01-06 24 KUALA LUMPUR Ms Penny Chang, wife of the former president of the Malaysian Chinese Association, Mr Tan Koon Swan, will be declared a bankrupt if she fails to settle a debt of more than Ms 2 million (SSI.4 million) by today. Nanyang Siang Pau reported.106 words
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Article625 1990-01-06 24 NG WEI JOO - Temasek Polytechnic will start off with design and business schools By NG WEI JOO SINGAPORE'S third polytechnic, which will be named Temasek Polytechnic, will be located at Tampines. Announcing this at a press briefing yesterday, Dr Tay Eng Soon said the $4OO-million polytechnic will625 words
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Article, Illustration346 1990-01-06 24 MR JOSEPH Grimberg will be missing from the line-up of High Court judges at today’s opening of the new legal year at the Supreme Court. The reason is Mr Grimberg stepped down from the Bench on Tuesday after completing a two-year346 words