The Straits Times : Weekly Overseas Edition, 20 January 1990
1990-01-20
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The Straits Times : Weekly Overseas Edition
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Title Section20 1990-01-20 1 The Straits Times WEEKLY OVERSEAS EDITION SATURDAY, JANUARY 20, 1990 Price: 551.20 (in Singapore) Elsewhere by subscription only MCI(P) 37/8/8920 words
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Article, Illustration759 1990-01-20 1 IT can increase armed forces’ strategic edge, says BG Lee THE Singapore Armed Forces will widen the use of Information Technology (IT) in the next few years to increase its combat effectiveness. In announcing this on Thursday, BrigadierGeneral (Res) Lee Hsien Loong, the759 words
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439 1990-01-20 1 IN A MOVE aimed at meeting the challenges and its needs in the *****, Singapore Airlines announced this week that it has ordered 50 new widebodied aircraft worth a total US$B.6 billion ($16.3 billion). The national carrier said that the order consists of439 words
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Article, Illustration927 1990-01-20 1 Kalimullah Hassan - By Kalimullah Hassan writing tor The Straits Times KUALA LUMPUR Deputy Speaker of Parliament D. P. Vijandran, facing opposition allegations that he was featured in pornographic videos, has gone on “indefinite leave.” But he denied reports that he was pressured into making the927 words
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Page 1 Advertisements
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Advertisement53 1990-01-20 1 PM’s interviews with 3 HK Chinese papers: Pages 2-3 INSIDE Boy, 9, bags Young Inventors gold medal PAGE 8 HOME Raja: Political leaders must stand up to ‘S'pore-bash PAGE 3 Parliament reports PAGES 4-5 CAUSEWAY o k Widow tells of beatings by millionaire hubby PAGE 11 TIMESDOLLAR PAGES 14-19 I53 words
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Advertisement15 1990-01-20 1 3' 7 JS'2 .niM. rUi 0995 3j:c*i f v mg ,-I Membership Has Its Privileges15 words
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NEWS FOCUS
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PM Lee’s interviews with three Hongkong Chinese papers
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Article, Illustration709 1990-01-20 2 During his private visit to Hongkong last week, Prime Minister Lee Kuan Yew was interviewed separately by senior journalists from three Chinese-language dailies The Oriental Daily News, Hongkong Economic Journal and Ming Pao Daily News. In this page and709 words
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519 1990-01-20 2 DOES Hongkong need a Lee Kuan Yew? Some people there apparently think so. lamenting the lack of a strong leader, newspaper publisher Margaret Ng asked the Prime Minister If he also thought that the colony needed a charismatic519 words
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Article165 1990-01-20 2 SINGAPORE cannot displace Hongkong in its role as a catalyst for China, just as Hongkong cannot displace Singapore’s role in Southeast Asia. Interviewed by Mr George Shen, Chief Editor of the Hongkong Economic Journal, Mr Lee Kuan Yew said that it was not true165 words
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222 1990-01-20 2 PUBLISHER Margaret Ng apologised before asking her question, in case it offended Mr Lee Kuan Yew. Don't worry. he replied. "I get a lot of offensive questions. They do not upset me. This was the exchange that followed, on the wavsome Hongkongers222 words
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392 1990-01-20 2 HK EMIGRANTS TOLD: HONGKONGERS will have to make up their own minds on whether they want to emigrate to Singapore or to the West. “Compare Singapore with the rest of the world open to you.” the Prime Minister told Mr Simon Fung392 words
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392 1990-01-20 3 COUNTRIES on the rim of the Pacific Ocean will continue to take off economically despite the recent events in Eastern Europe, Mr Lee Kuan Yew told the Hongkong Economic Journal in an interview last week. As he saw392 words
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232 1990-01-20 3 THERE will be no change in Singapore’s plans to establish diplomatic ties with China, and this will not affect Singapore’s ties with Taiwan. Singapore would only start negotiations with the People’s Republic of China to normalise ties after Indonesia resumes diplomatic relations, reiterated232 words
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509 1990-01-20 3 If they keep quiet then the other side takes it for granted they’re timid: Raja POLITICAL leaders must not remain passive in the face of Singapore-bashing by neighbouring countries, former Cabinet minister S. Rajaratnam has said. He advised Singapore leaders to509 words
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Article, Illustration506 1990-01-20 3 Why Chia Thye Poh has to stay confined to Sentosa Island by Jaya ‘Govt must stay vigilant despite CPM truce’ CHIA Thye Poh, confined to Sentosa after his release last May from detention under the Internal Security Act, will not be allowed to return to the main island just because506 words
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71 1990-01-20 3 KUALA TRENGGANU Twenty-three bodies believed to be those of Vietnamese boat people were found recently along the coast between Kuala Trengganu and Marang. They were believed to have drowned after their boat sank in rough weather in the South China Sea at least71 words
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121 1990-01-20 3 THE trade in ivory was banned in Singapore from Thursday in a move to protect elephants which have been designated an endangered species. Permits will no longer be issued and most ivory traders and ivory craft makers in Singapore, who were expecting the121 words
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307 1990-01-20 3 Geoffrey Murray - By Geoffrey Murray writing for The Straits Times LONDON The “rusting lump” of a car bought in Singapore 20 years ago for a bottle of whisky has been burned into a perfectly restored vintage model worth307 words
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PARLIAMENT
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Debate on the Report on Land Transportation
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Article, Illustration1329 1990-01-20 4 Dr Yeo: We will study panel’s recommendations carefully THE Government this week reserved its position on the quota system for cars and many of the other measures proposed by a Parliamentary Select Committee. All that it was prepared to1,329 words
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Article540 1990-01-20 4 A GOOD number of MPs who spoke had doubts and reservations about the proposed quota system. Some rejected it outright, others said they could accept it only as a last resort. The strongest objection came from Mr Heng Chlang Meng (Cheng San GRC), who said such540 words
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Article, Illustration729 1990-01-20 4 DR HONG HAI. chairman of the Parliamentary Select Committee on Land Transportation, in summing up the debate on the motion to adopt its report, dealt with the three main objections to the quota proposal. He argued that it would729 words
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1006 1990-01-20 5 Maintenance of Religious Harmony Bill gets first reading WHAT constitutes a religious institution and which act threatens religious harmony or mixes religion with politics have now been spelt out by the Government. These and other details are found in1,006 words
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254 1990-01-20 5 GONGFU masters and their heavenly swords entered the cut and thrust of parliamentary debate when a backbencher likened the proposed car quota system to the deadly blows such weapons inflict. Backbencher Chin Harn Tong (Aljunied GRC) got members laughing when he said that254 words
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254 1990-01-20 5 Not right for Govt to comment on KL MP’s ‘spying’ charge Kan Seng Answers to questions IT WOULD be improper and counter-productive for the Government to comment on the allegations made in the Malaysian parliament that Singaporeans were involved in espionage in Malaysia, said Foreign Affairs Minister Wong Kan Seng.254 words
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233 1990-01-20 5 THERE is no need for legislation to require directors and executives of publiclylisted companies to make detailed disclosures of their earnings because such requirements already exist, Finance Minister Richard Hu said. He was replying to Opposition MP Chiam See233 words
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488 1990-01-20 5 A BILL to pave the way for more schools to become independent by providing for the establishing of their own boards of governors was introduced in Parliament on Monday. The School Boards (Incorporation) Bill sets out the procedure for schools, particularly government488 words
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68 1990-01-20 5 ALLOWANCES for government pensioners need not be increased because inflation since the last revision in 1986 has been low, said Finance Minister Richard Hu told the House. To a question from NonConstituency MP Lee Siew Choh, he said 6,647 pensioners received $4OO or68 words
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HOME
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Article, Illustration366 1990-01-20 6 Snorkelling device ‘will allow longer stay under water 1 A NINE-year-old schoolboy who invented a snorkelling device that allows a diver to remain underwater for as long as about 30 minutes has won this year s Tan Kah Kee Young Inventors’ Award. And366 words
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151 1990-01-20 6 THK gold medal and $5,0«« awarded to Zheng lingang will not be withdrawn, despite questions raised over the safety of the deviee. Dr Phua kok Khoo, the ehairman of the judging panel, said the Invention deserves the prize and emphasised that151 words
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491 1990-01-20 6 NG WEI JOO - All the same, they praise boy’s creativity By NG WEI JOO THE award-winning improvised snorkelling aid invented by schoolboy Zheng Lingang has been declared unsafe by some divers as well as parents. Several professional divers who called up The Straits Times said that491 words
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215 1990-01-20 6 HOTEL room rates here may have risen in the past few months, but they are still among the lowest in the region, Mr Mah Bow Tan, the Minister of State for Communications and Information, and Trade and Industry, told Parliament on Monday.215 words
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75 1990-01-20 6 AIDS has claimed its 10th victim in Singapore a bachelor In his 30s. The man, a Muslim, was buried in a coffin instead of the usual Muslim custom which requires the body to be buried in a shroud. It Is believed that the Islamic75 words
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461 1990-01-20 6 SERENE LIM - By SERENE LIM in The New Paper HE orders the most expensive food. He eats most of it, then puts a the leg of a cockroach into a bowl. He cries fowl. The hotel decides to let him have461 words
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200 1990-01-20 6 SINGAPORE is one of three countries selected to take part in a world survey on the need for a global pager system which will allow a user to be paged anywhere in the world. The survey is being conducted by200 words
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Article61 1990-01-20 6 REDEVELOPMENT of Tiong Bahru housing estate is likely to start this year, Dr Lee Boon Yang, Senior Minister of State for National Development and Home Affairs, has told Parliament. Replying to Dr S. Vasoo (Tiong Bahru GRC), he said the site above Tiong Bahru MRT station61 words
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Article, Illustration130 1990-01-20 7 Pasar malam and variety shows pull in the crowds HERBAL Jelly with extract of tortoise hone for good complexion, hand-made wooden clogs and nylon kites, Chinese vases and Balinese handicrafts. These are some of the exciting things offered at a pasar malam along thePicture by WAN SENG YIP. - 130 words
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386 1990-01-20 7 MOUNT Elizabeth Hospital scored a double first this week when it opened its new $8 million Oncology Centre for cancer treatment. It is the first private hospital here to have such a facility. The centre is also said to be the first one386 words
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154 1990-01-20 7 TIMES Publishing will launch a new monthly magazine, Arrival, in October for the senior executive who travels frequently on business. It will cater for a readership that has both a high disposable income and sophisticated tastes, said a statement on Thursday from the Far East154 words
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Article115 1990-01-20 7 A SINGAPOREAN tour guide who lived and worked in southern Thailand yesterday became the 26th person to be hanged at Changi Prison for drug trafficking since the death penalty for the offence was introduced in 1975. Ho Cheng Kwee, 40, was hanged at dawn for trafficking115 words
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Article465 1990-01-20 7 PARLLAMENT on Monday passed the Income Tax (Amendment No 2) Bill 1989 which gives legislative effect to five income tax concessions announced during last year’s Budget statement. It also provides for several other minor changes to the Income Tax Act. Three of the tax465 words
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265 1990-01-20 7 SINGAPORE consumer prices last year increased by 2.4 per cent over 1988, bringing the inflation rate here to levels prevailing before the 1985 recession. The rise in the Consumer Price Index (CPI) last year which was larger than265 words
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Article, Illustration546 1990-01-20 8 CEPHAH TAN - But tests show it works with seven types of bacteria By CEPHAH TAN CAN a “special’’ underwear really fight sexually transmitted diseases? Maybe, claims the agent of Miracle underwear. No. says the Singapore Institute of Standards and Industrial Research (Sisir), which was546 words
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327 1990-01-20 8 THE Government has reiterated its decision to increase the foreign worker and foreign maid levies by $3O per month from Feb 1 and by another $2O from Aug 1. In a statement issued this week, the labour Ministry said it had taken327 words
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83 1990-01-20 8 ALMOST half of the 71 murders committed ia#tt year were crimes of passion. Most of the murderers have been caught. The overall crime rate last year went down. But the number of murders increased. These facts were revealed at a police press83 words
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Article128 1990-01-20 8 SINGAPOREANS and tourists are observing the smoking ban in air-conditioned restaurants and in certain areas in hotels, Senior Parliamentary Secretary (Environment) Eugene Yap told Parliament this week. Managements of premises too have played their part in enforcing the law. In fact, these manage- ments took positive128 words
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SPECIAL REPORT FROM NAMIBIA
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Article, Illustration505 1990-01-20 8 BRENDAN PEREIRA - By BRENDAN PEREIRA in Gobabis. Namibia PEACE-KEEPERS in more ways than one this is how Singaporean police officers serving in the United Nations force in Namibia, Africa, can be described. Besides doing their primary duty of overseeing the activitiesFile picture. - 505 words
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405 1990-01-20 8 BRENDAN PEREIRA - BRENDAN PEREIRA. THE good performance of the Singapore eontingent in Namibia would put It in good stead for a future role in similar peaee-keeping operations elsewhere. This was said by the United Nations Speeial Representative In Namibia, Mr405 words
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Article, Illustration392 1990-01-20 9 CONFUCIANISM AND MODERNISATION THE Confucian values of strong government leadership, harmony and trust were demonstrated in Singapore’s fight against the 1985 recession, an economist involved in the formulation of the anti-recession measures has said. Analysing how Singapore had responded to the recession that392 words
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276 1990-01-20 9 ANOTHER panel member, Professor Lim Chong Yah of the Economics and Statistics Department in the National University of Singapore, explained how Singapore had adapted the Confucian heritage of its ethnic Chinese population by shedding several of its undesirable aspects. These included:276 words
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110 1990-01-20 9 TRANS-ISLAND Bus Services’ (Tibs) taxi drivers will don uniforms. This is one way in which the bus company hopes to give its cab service an up-market image. Tibs will put its first 200 taxis on the road in April. It is seeking a consultant110 words
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Article, Illustration285 1990-01-20 9 TAN EE SZE - By TAN EE SZE SINGAPORE artist Ong Kim Seng has joined an august company of painters. He has been made a member of the prestigious 123-year-old American Watercolour Society (AWS). Only 10 people a year are made members and285 words
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Article, Illustration246 1990-01-20 9 THE former managing director of a commodities broking firm was jailed 30 months this week for cheating and fined $lO,OOO for trading without a licence. Norihiro Kihara, 48, and several accomplices cheated their futures trading clients by “bucketing” their trading orders. They246 words
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146 1990-01-20 9 A WHOPPING $5O million. That sum, to be raised for the 25th anniversary charity fund, is the biggest charity target for Singapore. Half the amount, or $25 million, is being sought through public fundraising efforts, with the rest coming from the Government which146 words
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Article86 1990-01-20 9 LOCALLY produced Chinese television drama serials will soon hit the Australian home video market. Singapore Broadcasting Corporation Enterprise (SBCE) has agreed to let the Chinese Herald, an Australian newspaper company, distribute the programmes there. Under the five-year agreement, the Australian company will get 700 hours of86 words
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across the CAUSEWAY
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'Porn videotapes' scandal
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Article, Illustration998 1990-01-20 10 SIVAKUMAR KUTTAN - By SIVAKUMAR KUTTAN writing in New Straits Times Kuala lumpur It all began with a burglary. Common enough for a city the size of Kuala Lumpur. Two men broke into the house of Deputy Dewan Rakyat Speaker D.P. Vijandran at about 3.45 pm on Aug998 words
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655 1990-01-20 10 Bernama, 'AFP, NST. KUALA LUMPUR Calls mounted this week for the resignation or removal of Attorney-General Tan Sri Abu Talib Othman, with three groups including the Bar Council taking him to task for his handling of the alleged theftBernama,; . 'AFP,; NST. - 655 words
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Article, Illustration652 1990-01-20 10 The New Straits Times interviewed Attor-ney-General Tan Sri Ahu Talib Othman on his advice to the police to destroy the video tapes allegedly stolen from the home of Deputy Speaker D.P. Vijandran. Here is the report of652 words
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CAUSEWAY/ASEAN
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Article, Illustration484 1990-01-20 11 Students will also be encouraged to learn more languages KUALA LUMPUR The Education Ministry is proposing to adopt a MsB billion (555.6 billion) programme aimed at shifting the present education system towards vocational and technical training, Deputy Minister Woon See Chin484 words
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Article, Illustration422 1990-01-20 11 inquiry into millionaire’s death Bernama. PENANG The widow of millionaire lx)h Kah Kheng has a coroner’s inquiry into his death that she was beaten by her husband as a result of his “tremendous mood swings” and not because of her friendship withBernama. - 422 words
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172 1990-01-20 11 NST. KUALA LUMPUR The 1,200 members of the Communist Party of Malaya (CPM) have until Feb 2 to leave the jungle, Army Corps chief Lieut-Gen Datuk Seri Mohamed Daud Abu Bakar said. They would be granted another two weeks after that dateNST. - 172 words
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Article54 1990-01-20 11 er at the meeting. Bernama. KUALA LUMPUR Malaysia has retracted its offer to host this year’s annual session of the UN Economic and Social Commission for Asia and the Pacific (Escap) after failing to resolve problems over the presence of Israel, which is an observerer at the meeting. Bernama. - 54 words
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Article118 1990-01-20 11 NST. KUALA LUMPUR The Public Services Department is taking steps to dismiss two Prisons Department officers who gave special privileges to businessman Abdullah Ang when he was in prison. The two officers, Kajang prison director Jamaluddin Abdul Hamid and Mantin prison project supervisor Mohamed Saiful– NST. - 118 words
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204 1990-01-20 11 Bemama. KUALA LUMPUR Malaysian Airlines (MAS) plans to impose a 100 per cent penalty for passengers who fail to show up for certain domestic flights, Transport Minister Datuk Seri Dr Ling Liong Sik said this week. He said this was among steps beingBemama. - 204 words
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Article41 1990-01-20 11 Bemama KUALA LUMPUR Seventeen foreigners have been hanged for drug trafficking since 1975. a senior police official said this week. They were six Singaporeans, three Thais, three Filipinos, two Australians, two Indonesians, and a Briton were hanged. Bernama.Bemama - 41 words
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Article, Illustration535 1990-01-20 11 BANGKOK Indonesian Foreign Minister Ali Alatas has suggested that Asean consider sending armed forces and civilian personnel to Cambodia to preserve peace and oversee elections, The Nation newspaper on Wednesday quoted highly-placed sources as saying. In a report from Chiang535 words
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96 1990-01-20 11 BANDAR SERI BEGAWAN The sexes should not mix in Brunei schools, the Education Ministry has decreed. And where different schools cannot be provided for boys and girls, they will sit in separate sections in class, announced the Minister of Education, Dato Pehin Haji Abdul96 words
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COMMENT/ Pick of the week’s editorials
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Article647 1990-01-20 12 JAN 19. 1990 AN important step was taken in Paris this week to help bring an end to the 11-vear-old war in Cambodia. This was the agreement reached by the five permanent members of the United Nations Security Council to recommend the establishment of an UN647 words
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Article623 1990-01-20 12 JAN 17. 1990 AS 1997 draws nearer, it is natural that Hongkongers' anxiety over their future will grow by the month. This is wholly understandable. Every Hongkonger who has benefited from the colony's laissez-faire economy will watch with concern the prospect of the free, thriving and623 words
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Article604 1990-01-20 12 JAN 15. 1990 IN the last few months, several Singapore Cabinet ministers have been propounding an idea which appears to run against conventional wisdom: Singapore will gain more from a Hongkong that is thriving than one which declines economically. Their message has probably elicited some scepticism604 words
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696 1990-01-20 12 AROUND THE COURTS AROUND the courts, I have in years past covered many major civil cases with a mix of religious and legal issues in them for the courts to determine. They arose mostly from customary marriages of non-Muslim couples contracted in696 words
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Article171 1990-01-20 12 “We have a government by patchwork. One day they attend to Lithuania, the next day it’s the Armenians, tomorrow it will be somewhere else.’’ Mr Vladimir Petrov, a Siberian miner and strike leader complaining of Moscow's failure to keep its promises. “It is still going strong, and starts171 words
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COMMENT/ Perspective
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Article, Illustration1879 1990-01-20 13 LIAK TENG KIAT - By LIAK TENG KIAT Past:-Merger clashes ‘What is not so well-known is that the break-up of merger was also the result of a clash between Singapore Chinese and1,879 words
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TIME$
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Article, Illustration575 1990-01-20 14 KOH BEE ANN - Stockbroking firm’s public issue oversubscribed 783 times By KOH BEE ANN GOING beyond the wildest expectations of both the issuer and issue manager, a total of 244,906 applicants or the equivalent of one in 10 Singaporeans applied for shares in local575 words
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357 1990-01-20 14 GOH ENG YEOW - By GOH ENG YEOW BANKS were the biggest winners in Kim Eng Holdings’ share offer. They probably raked in at least $23 million for extending just a few days of virtually riskless financing. The amount is a conservative projection by a banking357 words
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422 1990-01-20 14 LYNETTE ONG - By LYNETTE ONG WHILE American computer companies are fast losing their shine, their Singapore subsidiaries have shown considerable resilience and are bullish about medium-term business prospects. Apple is the latest US computer company to announce that it would cut its workforce422 words
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362 1990-01-20 14 WS ANGELES A hitherto "unknown” young entrepreneur with a mail drop address, who sought control of Bond Corp Holdings Inc without explaining how he would finance his US$l97-million (*****.39million) bid or deal with Bond's immense debt, said on Tuesday he had abandoned362 words
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69 1990-01-20 14 THE Wah-Chang group has teamed up with the giant South Korean Lucky-Goldstar group in a $2O-million chemical joint venture in Thailand. Announcing this, Wah-Chang said the new company, named Thai Wah Lucky Chemical Ltd, is expected to produce about 6,000 tonnes69 words
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Article, Illustration626 1990-01-20 15 CHOW CHEE SUN - Group expects pre-tax profit of s42m in current year By CHOW CHEE SUN THE much-anticipated flotation of Sime Singapore Ltd the Singapore arm of the Sime Darby group came on the market this week with an offering of 108.75 million626 words
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297 1990-01-20 15 THE trade-weighted exchange rate of the Singapore dollar compiled by Overseas Union Bank has touched an all-time high. This index, which measures the value of the Singapore dollar against the currencies of 13 trading partners, hit a record 132.05 points last297 words
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Article157 1990-01-20 15 COUNTER RATES Singapore dollars to one unit of foreign currency US dollar Buying OD I 8600 Selling 1 8900 Sterling pound 3.0393 3.1119 Australian dollar I 4568 1.5044 Canadian dollar I 5798 1.6188 N/ dollar I I308 1.1709 Singapore dollars to 100 units of foreign currency Austrian schilling157 words
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168 1990-01-20 15 2.56 to $2.75. – CHOW CHEE SI N - $2.56 to $2.75. CHOW CHEE SI N. KEPPEL Corporation Ltd is issuing 15 million new shares at $6.83 each for private placement with financial institutions, largely in Japan, through Daiwa Securities Co Ltd (Tokyo) and its local office. The financial institutions include The168 words
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391 1990-01-20 15 EDMUND LOH - By EDMUND LOH DBS LAND this week announced an impressive set of audited results for the 10 months to Oct 31 last year that will sooth investors unsure about its proposed bond-cum-warrant issues. With turnover at $150.12 million, the group seems391 words
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Article58 1990-01-20 15 SINGAPORE is one of the top 10 foreign investors in the United States, having invested a total of US$475 million (*****.25 million) as at the end of 1988. According to figures from the US Department of Commerce. Singapore was the third largest Asian investor in America,58 words
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448 1990-01-20 15 S. H. LIM - By S. H. LIM SINGAPORE Airlines has flown to another “global” high, capping for itself the ranking of the 67th largest company in the world in terms of expected total earnings for last year and this year. In448 words
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Article38 1990-01-20 15 MALAYSIAN International Shipping Corporation Berhad (MISC) has signed a contract with Hyundai Corp of South Korea for a new 3,700-TEU (20-ft equivalent unit) fifth generation containership. which is expected to be delivered in January 1992.38 words
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SINGAPORE SHARE PRICES
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Article3097 1990-01-20 16 SECTION ONE TRANSACTION DATE: JANUARY 19, 1990 1MO Ttl Lilt Vol Olv Lilt Ouott Div Dlv ►«9* Low Cod* Company Sal* -or- ('000) High Low Buyar Sallar C'vr Ors Y’ld Net PtE M C Sr n p i 4 7 8 INDUSTRIAL COMMERCIAL 244 174 396 2963,097 words
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Weekly sharemarket review
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Article844 1990-01-20 17 THE Singapore stock market ended the week on an easier tone when investors decided to cash in their profits ahead of the weekend. The market began the week with a 33.63 points’ fall in the Straits Times Industrials Index, following Wall Street’s 71-point tumble last Friday844 words
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Article2027 1990-01-20 17 TRANSACTION DATE: JANUARY 19. 1990 198*790 Tal Last Vol Day Last Quota High Low Cod* Company Sal« or- 000) High Low Buyer Salle' H0N6K0NG STOCKS 980 980 1739 Chaung Kong 980 750 720 134 HongkongBank 720 715 1218 Hutchinson 1738 Hysan D*v 1217 Jardina M 1237 Swire Pac2,027 words
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Article180 1990-01-20 17 ST Industrials Index THK Straits Times Industrials Index lost 31.>6 points on the week to 1,527.21 points. Day-to-day Indices: MONDAY: 1,525.54 points (down 33.63); 155.27m units (valued at $251.33m); TUESDAY: 1,512.5« (down 13.M); 138.26m units (3232.38m); WEDNESDAY: 1,533.04 (up 20.54); 164.84m units ($273.«9m); THURSDAY: 1,532.82 (down 1.22);180 words
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Article628 1990-01-20 17 FrMay January 1* HKS 4 1 C P Pokpnand 085 4002 Allied Overeeaa oeo 4 0.01 C P Pokphand War 0 31 unch Allied TW 0 75 4005 Caia da Coral 1 57 Amoy Propamaa 2 575 0.06 Camay Pec Air 825 325 unch 0 025 Aaia Sac War628 words
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Article, Illustration510 1990-01-20 18 LILIAN ANG - Investments last year totalled $1.4 billion LILIAN ANG m Business Times JAPANESE investors committed to invest in some $1.4 billion worth of properties in Singapore last year, accounting for more than a third of the total amount of property transactions sealed510 words
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331 1990-01-20 18 DOREEN SEOW - By DOREEN SEOW JAPANESE company Yamasin Enterprise has bought another sizeable piece of property for $58.8 million, bringing its total Singapore acquisitions in just over a month to more than $l5O million. The Osaka company’s latest purchase at the beginning of this331 words
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388 1990-01-20 18 By GERRY DE SILVA ANGLO-DUTCH oil giant Shell is leading a consortium to set up a US$75O- (Ssl.4-billion) refinery in Thailand which, when operational in 1994, will meet domestic demand there for oil products. While it is expected to affect388 words
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193 1990-01-20 18 SINGAPORE-BASED Century Motors Pte Ltd, a subsidiary of Inchcape Bhd, is setting up a joint-venture workshop and service centre for cars in Rangoon. The joint-venture agreement with V’MET (Vehicles Machinery Equipment Trading), a Burmese government corporation, is to be signed in a193 words
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534 1990-01-20 18 ROSIE TAN - By ROSIE TAN in Business Times MALAYSIAN stockbrokers, who were grumbling recently about losing business to Singapore, are now turning away orders because they cannot cope with the unprecedented increase in turnover on the Kuala Lumpur Stock Exchange (KLSE). Since534 words
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124 1990-01-20 18 INTER-PACIFIC Industrial Group Bhd’s group pre-tax profit rose 40 per cent to M 555.41 million (5538.2 million) for the six months ended Oct 31 last year against the 1988 period, according to its unaudited interim results. Inter-Pacific said the profit increase was achieved on124 words
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492 1990-01-20 19 HENRY CHANG - Private placement of 16.5 million new shares at $6 By HENRY CHANG SEMBAWANG Shipyard has announced the first step in the restructuring of group holdings, and a private placement of 16.5 million new ordinary shares through J. M. Sassoon Co. The492 words
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152 1990-01-20 19 TAKING the business community by surprise, Haw Par Brothers International announced on Thursday that Dr Hong Hai would be joining the group as President and chief executive officer from Feb 1. Sesdaq-listed Polytek Wearnes simultaneously announced that Dr Hong Hai has152 words
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Article75 1990-01-20 19 IGB Corporation Berhad has announced it had entered into an agreement to acquire a 20-per cent stake, or 1.938 million ordinary shares of MSI.OO each, in Star Publications (Malaysia) Berhad for MJ10.85 million (557.54 million) in cash It said in a statement that the75 words
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77 1990-01-20 19 MARINA Centre Holdings Pte Ltd (MCH), the major shareholder of the billion-dollar Ma rina Square shopping and hotel complex, will be getting consultancy advice from the Wharf Group to improve the profitability of the hotels. Mr Andreas L. Hofer, outgoing president of Omni Hotels77 words
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Article, Illustration414 1990-01-20 19 S. H. LIM - By S. H. LIM JACK CHIA-MPH chairman Jack Chiarapurk plans to float off his personal business interests in Thailand before the middle of the year. He told The Straits Times, after the company's extraordinary general meeting to414 words
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306 1990-01-20 19 Catherine C. Ong - By Catherine C. Ong Hongkong Correspondent HONGKONG In a curious outburst, the listing director of the Hongkong Stock Exchange has hit out at Singapore for allegedly wishing for the demise of the colony's exchange. Mr Mark Hanson’s verbal attack was made306 words
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776 1990-01-20 19 SHAUN SEOW - By SHAUN SEOW Although the Singapore computer industry and Hollywood may be strange bedfellows. they were nevertheless drawn together last week in an item in these Timesdollar pages. The article was about how the United States has decided to levy customs776 words
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FORUM
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977 1990-01-20 20 The Maintenance of Religious Harmony Bill has been introduced in Parliament since this letter appeared in The Straits Times on Jan 13. See Page 5. Proposed laws to maintain religious harmony WE REFER to the White Paper on the Maintenance of Religious977 words
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281 1990-01-20 20 I WISH to congratulate Dr Hong Hai and his committee for their courage in proposing a quota system to curb the car population in Singapore. However, the allocation of purchase licences should not be based on an auction or281 words
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Page 20 Advertisements
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Advertisement142 1990-01-20 20 ISSU BS£ 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 1990-01-20 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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Advertisement413 1990-01-20 21 APPOINTMENTS TREASURY BUILDING Singapore Treasury Building (Pte) Ltd, owner of TREASURY BUILDING, a prestigious 52-storey office tower at Shenton Way, invites suitably qualified persons to apply for the position of: FINANCE AND ADMINISTRATION MANAGER RESPONSIBILITIES Reporting to the General Manager, the incumbent will lead a team of accounting and administration413 words
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Advertisement611 1990-01-20 21 ARE YOU IN TOUCH WITH THE FUTURE? i -4, I f you are, then you are the professional we are lookingfor. The National Computer Board is seeking for dynamic individuals for the positions of: Senior Industry Officer The Information Technology (IT) Industry Division is responsible for the development of a611 words
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Page 22 Advertisements
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Advertisement509 1990-01-20 22 APPOINTMENTS 9 zZ AN INVITATION TO GROWTH At TME, we don't just offer you a job, we give you the opportunity to grow with us TME Systems Pte Ltd, a distributor of production machineries and test and measuring equipment, is itself a growing company that is fast expanding into the509 words
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Advertisement786 1990-01-20 22 Singapore Swimming Club invites applicants for the post of STAFF WRITER/EDITOR for the Club's Newsletter Applicants should possess the following > Relevant journalistic/editonal experience Good knowledge in the production of publications Able to work independently at producing the Club's Newsletter Able to generate advertisements for the Club Must be proficient786 words
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TIMESPORT
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Article, Illustration504 1990-01-20 23 MAHMOOD GAZNAVI - FAS chief: We welcome ideas on how to improve the game By MAHMOOD GAZNAVI THE Football Association of Singapore have asked soccer fan A. Krishnan for more details on his proposal to help support the Singapore team.504 words
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324 1990-01-20 23 S GULAM - SEMI-PRO PREMIER LEAGUE ROUNDUP By S GULAM CHAMPIONS Geylang International found their rhythm and scoring touch to ward off a spirited challenge from Tiong Bahru CSC in midweek before the biggest crowd yet 3,000. They had to thank their stylish Finnish midfielder Sixten Bostrom324 words
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Article77 1990-01-20 23 STANDINGS P W D L F A Pts. Jurong 3 3 0 0 7 2 6 Geylang 3 2 1 0 7 3 5 Bales tier 3 1 2 0 6 2 4 Safsa 3 1 2 0 4 2 4 T. Bahru 3 1 1 1 777 words
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Article282 1990-01-20 23 GEYLANG S POLICE 0 GEYLANG International registered their first win with a convincing 3-0 thrashing of Police SA. Their goals came from Yugoslav import Vidan Zlatko, Finnish import Sixten Bostrom and an own goal by Police midfielder Osman Ahmad. JURONG 4 TELOK KURAU 2 JURONG were given the282 words
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Article, Illustration360 1990-01-20 23 JOE DORAI - By JOE DORAI THE Football Association of Singapore will not appoint a part-time coach to take charge of the Republic’s national squad this season. This is likely to be the FAS’ policy from now on as they feel that the360 words
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Article357 1990-01-20 23 M GAZNAVI - By M GAZNAVI COMPETITORS to the national bodybuilding championships on March 20 will be subjected to random dope testing for the first time. Those who fail the test will receive an automatic two-year ban. Repeat offenders will be banned for life. Said Singapore Amateur Bodybuilders’ Federation357 words
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Article, Illustration873 1990-01-20 24 ‘Glad Hanoi, Hun Sen have conceded solution not possible without UN’ SINGAPORE has welcomed the proposal to set up a United Nations interim administration to govern Cambodia and to prepare for free elections in the strife-torn country. It has called on the873 words
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277 1990-01-20 24 KUALA LUMPUR Tengku Razaleigh Hamzah, leader of the Spirit of '46 party, has said that he would recognise Datuk Seri Dr Mahathir Mohamad as Prime Minister if the old Umno was revived. The Malay-language tabloid Watan quoted the277 words
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Article, Illustration250 1990-01-20 24 THE executive chairman of Wearne Brothers Ltd, Mr I.F. Tang, 65, who has been instrumental in transforming the former car distributorship into the dynamic high-tech Singapore multinational it is today, has won the prestigious 1989 Businessman of the Year Award. Videotape manufacturer Electro250 words