The Straits Times : Weekly Overseas Edition, 4 August 1990

Total Pages: 24
1 24 The Straits Times : Weekly Overseas Edition
  • 20 1 The Straits Times WEEKLY OVERSEAS EDITION SATURDAY, AUGUST 4, 1990 Price: 551.20 (in Singapore) Elsewhere by subscription only MCI(P) 37/8/89
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  • 881 1 An economic division along racial lines means a world fraught with conflict, he warns PRIME Minister Lee Kuan Yew has warned of the dangers of an economic division of the world along racial lines, but held out the hope that the Asia-Pacific Economic
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  • 80 1 HONGKONG Chinese Prime Minister Li Peng will make a three-day visit to Singapore from Aug 11, Xinhua news agency reported here on Wednesday. Quoting a Chinese Foreign Ministry spokesman in Belong, Xinhua said Mr Li’s visit was at the invitation of his Singapore counterpart, Mr
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  • 341 1 THE “waah..” of admiration from the crowd at the Padang during the National Day Parade preview on Sunday nearly equalled the roar of these Skyhawks flying in a figure 25 formation the first such aerial manoeuvre to be performed here. Many members of
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  • 88 1 THE Singapore Government strongly condemned Iraq’s invasion of Kuwait on Thursday, denouncing it as a blatant disregard of the United Nations Charter and principles of international law. The action was a threat to the security of small states everywhere, said a statement issued on Thursday. “Singapore
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    • 26 1 ,Jfl§ 0999. 1 > •S». b -’t-M' *•*>* 1: <-•*? A* Membership Has Its Privileges /A B Jfc'2 Govt invites S’poreans abroad to take part in festivities: Back Page
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  • NEWS FOCUS
    • 663 2  -  Asean post-ministerial conference By Paul Jacob and Irene Ngoo JAKARTA US Secretary of States James Baker has pledged that America will remain wholly engaged as a full partner with its allies in maintaining security in the Asia-Pacific region. The importance
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    • 316 2 It also wants to lure back those who have left the colony THE Hongkong government is looking into ways to recruit civil servants from Singapore and won hack those who have already left the colony for the island republic, Hongkong's Ming Pan
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    • 814 2 But Asean and America differ on involvement of the Khmer Rouge in Cambodian peace process JAKARTA Asean and its dialogue partners wound up annual talks here agreeing that a broad-based Supreme National Council provided the best prospects for peace in Cambodia but differing with the
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    • 122 3 BG (RMS) LKK listen liOong, the Trade and Industry Minister, and Indonesian Foreign Minister All Matas (right, with hands clasped) getting a traditional Indian welcome on Sentosa island on Tuesday night. The occasion was, as one journalist described it, a “Sentosa samba”,
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    • 817 3  -  Asia-Pacific Economic Co-operation meeting By Bertha Henson MINISTERS at the Asia-Pa-cific Economic Co-operation forum have agreed to find ways to let China, Taiwan and Hongkong join them at next year’s meeting in Seoul or as soon as possible after that. The
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    • 312 3 US Secretary of State James Baker made an eleventhhour bid to get the Prime Minister to let the Asian Wall Street Journal and Far East Economic Review cover the Asia-Pacific Economic Co-operation meeting. Disclosing this on Monday, Trade and Industry
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    • 559 3 S’pore Declaration stresses more effort to ensure Uruguay Round results MINISTERS at the Asia-Pa-cific Economic Co-operation forum ended their first day of meetings on Monday declaring their firm commitment to a timely and successful conclusion of the Uruguay Round of world trade talks. The Singapore
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  • HOME
    • 550 4 THREE test-tube babies within eight days —that's the score for a private hospital’s one-year-old fertility programme. And for one mother, it was double joy because she now has twin boys after being childless for five years. The Singaporean housewife’s twins, bom
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    • 250 4 A SINGAPOREAN woman who caught the Aids virus from her husband has given birth to a healthy baby. She is the first Aids patient to give birth here. A Health Ministry spokesman said that the baby, which was bom a few months
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    • 352 4 SURGERY In the morning, discharge on the same day. This practice will be strongly eneonraged at all government and restructured hospitals to cut costs for both patients and hospitals. Acting Health Minister Yeo Cheow Tong disclosed this on Tuesday during
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    • 429 4  -  But shortage of donors may pose a problem By Serena Toh HEART-LUNG transplants will be next, following the breaching of a psychological barrier by Singapore doctors with the first local-ly-performed heart transplant recently. These transplants are done for illnesses such as cystic fibrosis, a genetic disorder affecting
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    • 405 5 PRIMARY 1 pupils today are generally better prepared for formal schooling than those in the 60s and 70s. Education Minister Dr Tony Tan noted this last Friday when he revealed the findings of a survey carried out by his ministry earlier this
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    • 716 5  -  Single sessions for all schools Upgrading teacher training to degree level More effective streaming I Integration of moral education into school life By Chua Chong Jin EDUCATION Minister Dr Tony Tan has highlighted four major recommendations of a report which he said would mark
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    • 509 5 A MAN who is “very driven but not in a kiasu, must-win manner” that’s how friends describe this year’s Singapore Rhodes scholar. An avid sportsman, Mr Wong Heng Vee, 23, leaves for Keble College, University of Oxford, next month to
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    • 476 6  -  By Koh Buck Song CIVIL servants can look forward to faster promotions because the Public Service Commission will soon have more frequent promotion exercises for the entire service. From next year, those in the professional services including architects, engineers and accountants will
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    • 324 6 AN ILLEGAL 4-D operator here has been receiving bets not only from locals but also from people living in Indonesia. The unusual Indonesian connection was discovered by police when they raided a three-storey semi-de-tached house in Chua Chu Kang on Wednesday.
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    • 500 6 Widow and 3 organisations receive Volunteers’ awards from President Wee WHAT started off as a hobby to relieve Mrs Jade Martin’s boredom after her retirement has turned into a full-time passion for the 6K-year-old grandmother. Mrs Martin, who runs the Henderson Senior Citizen’s Home in Rukit
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    • 424 6  -  By Rav Dhaliwal SINGAPORE Airlines no longer requires its Singaporean trainee pilots to pay $20,000 each as the subsidised cost of their training. The repayment requirement was waived, starting with cadets who began their training from last month. Cadet pilots who are
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    • 668 7 Older viewers recall those tense days after watching PM’s historic 1965 press conference THAT 9th of August when the Prime Minister broke down at a press conference 25 years ago was brought into living rooms on Tuesday and Singaporeans had plenty to say about it. For
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    • 342 7 HIGH-TECH colour copiers which are worrying some of the world’s monetary authorities are apparently no match for Singapore’s new plastic $5O note. Highly accurate counterfeit American dollars and British pounds have been found in the United States and Britain, causing monetary authorities in
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    • 757 7  -  By Julia Goh TRY to get married within five years that is the time span now allotted to members of the Social Development Unit’s Matchmaking Service. Previously, the processing fee of $5O levied by the matchmaking agency for graduates did not set
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    • 214 7 SINGAPORE would have failed if it had achieved independence by any way other than the merger with Malaysia, Mr Lee Kuan Yew said in a television documentary on Tuesday. Two years in Malaysia, from 1963 to 1965, taught Singaporeans the lessons of
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    • 741 8  -  PM’s slander suit against Jeyaretnam By By Cheng Shoong Tat MR LEE Kuan Yew was yesterday awarded $260,000 in damages in his slander suit against Mr J. B. Jeyaretnam after the High Court accepted all the legal arguments advanced by his Queen’s Counsel during
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    • 474 8 S’pore police warn it’s illegal to take part in them MANY Singaporeans have been enticed by the promise of up to US$6O million (*****.6 million) in winnings in overseas lotteries but police warn that it Is illegal to take part in them. Flyers
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    • 561 8 Development of Science Habitat to lure scientists and researchers from all over the world IN A move to make Singapore a centre for science and research, the Government will upgrade the Science Council to a statutory board by the end of the
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    • 426 8 THE current emphasis on ethnicity is more of an internal debate among the Chinese than a debate between the races, Mr Goh Chok Tong said on television on Thursday. The Chinese are grappling with the question of whether to
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    • 382 9 ABOUT 100,000 vehicles have had their life-spans extended by 10 years over the last two months under the quota system. In the process, about two-thirds of the entire population of goods vehicles and buses were revalidated. The Registry of Vehicles said on
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    • 267 9 TIIK new labour Ministry building in Havelock Road will be a one-stop centre for all work-permit applicants from Monday. In an effort to provide more efficient service, the ministry is streamlining the procedures for applicants and cutting the number of counters employers must
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    • 526 9  -  By V. Prema HAWKERS who offer buf-fet-style service are charging for unconsumed food, as is the practice in some hotels. And customers agree that the over-greedy, who pile food high on their plates and leave much of it unfinished, should pay. These hawkers, usually
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    • 529 9 MATURE students will be accepted at the Singapore Polytechnic from next year. Announcing this at a graduation ceremony on Wednesday, principal Khoo Kay Chai said about 200 places will be set aside each year for students who have the relevant work
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  • MALAYSIA
    • 296 10 Ghafar: MalaysiaChina ties are getting stronger Bernama MALACCA Deputy Prime Minister Ghafar Baba has said that ties between Malaysia and China are becoming increasingly stronger and Malaysian businessmen are free to invite their Chinese counterparts to invest in this country. Many Malaysians are now visiting China to do business and
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    • 228 10 KOTA BARU Former Prime Minister Tunku Abdul Rahman will not contest the coming general election in Malaysia, said the leader of the opposition Spirit of '46, Tengku Razaleigh Hamzah. He was quoted by the Nanyang Siang Pau newspaper as saying here on
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    • 171 10 KUALA LUMPUR A former American computer lecturer pleaded not guilty on Wednesday to a drug’ trafficking charge carrying a mandatory death sentence. Kenny Lane Wiley, from California, was charged with trafficking in 477.6 g of cannabis in a house in the middle-income residential area
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    • 408 10 NST KOTA BARU The Sultan of Kelantan has said that his advice and comments pertaining to justice and the interest of the people and the state should not be misinterpreted by any quarter as interfering in the affairs of the executive
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    • 141 10 THOUSANDS of dead fish were found floating near the site of the Causewayexpansion project in Johor Baru over last weekend. Dead fish were also reportedly found in Singapore, along the beach in Chua Chu Kang. The State Fisheries Department has taken samples of the
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    • 327 10 AFP. KUALA LUMPUR Malaysia’s economy is expected to extend its double-digit growth rate into the second quarter, but is unlikely to sustain it for the rest of the year because of rising inflation, a local think-tank said on Tuesday. The Malaysian Institute
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    • 315 11 NST. MALACCA Chief Minister Tan Sri Haji Abdul Rahim Tamby Chik said on Thursday that he was prevented from leaving a National Front ceramah (dialogue session) in Trengganu last Tuesday by Spirit of ’46 and opposition supporters. “I was held hostage for li/2
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    • 315 11  -  he said. Kalimullah Hassan. KUALA LUMPUR Sabah’s newly re-elected Parti Bersatu Sabah government has sought to reassure federal leaders that it did not harbour any secessionist thoughts, officials here said on Monday. A senior government official said a pledge
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  • ASEAN
    • 338 11 The Philippine quake Reuter, AP. Reuter picture. BAGUIO A Filipino cook entombed for 14 days with a pile of corpses in the rubble of an earth-quake-shattered hotel was pulled out alive Mondayy. Mr Pedrito Oy, 27, believed to be one of
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    • 388 11 Bernama JAKARTA Indonesian armed forces chief General Try Sutrisno has called on South-east Asian countries to keep a close watch on political developments in China in order to safeguard peace and stability in the region. It was important to know
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    • 390 11  -  visage in Zopfan." Paul Jacob and Irene Ngoo. JAKARTA Brunei has joined Singapore in offering access to United States armed forces, a senior State Department official said last Friday. "Brunei is also prepared for an enhanced security relationship," said the official, who cannot
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    • 197 11 AFP. JAKARTA The Indonesian government has revoked a 12-year ban on student senate bodies in universities and removed a controversial regulation barring politics on campuses, it was reported here on Thursday. The official Antara news agency said that the Ministry of Education and
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  • COMMENT/ Pick of the week’s editorials
    • 645 12 AUG 3. 1990 IRAQ'S invasion of Kuwait, in cocky defiance of all rules of civilised conduct between nations. is particularly nasty because there was no military provocation the Iraqis could claim to be responding to. It was entirely cynical in using a number of incredulous, unacceptable demands
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    • 664 12 AUG 1. 1990 THE Stock Exchange of Singapore in recent days has put no fewer than three companies on the carpet for a variety of reasons. Inno-Paeif-ic Holdings was ticked off for missing a profit forecast by several million dollars. Soon-to-be-listed Singapore Aerospace had to
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    • 597 12 July 31. 1990 THE earthquake relief expedition to the Philippines was the second time that Singaporeans had been sent overseas to back up verbal expressions of international solidarity. While a mere two trips might not a significant trend make, there is some ground to suggest that
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  • 860 12  -  Viewpoint By K Koh Buck Song THIS ('Olumn would have been written a week earlier had I not been on reservist duty. But the thoughts provoked by colleague Russell Heng's article (ST Overseas Edition. July 21) are still fresh ;md disturbing.
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  • COMMENT/ ANALYSIS
    • 3504 13 Last month, the US announced its decision to withdraw recognition of the Cambodian resistance coalition’s UN seat and begin direct talks with Vietnam. This abrupt change in America’s Cambodian policy took Asean countries by surprise and provoked much criticism from several
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  • MONEY
    • 490 15  -  Retail group plans to reach out to public housing estates and other outlying areas By Doreen Siow RETAILER Robinson Company of the OCBC Bank Group stable is poised for expansion and has in mind additional outlets in Singapore and
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    • 520 15  -  By Steven Pak IN A MOVE which caught the oil industry here completely by surprise, Malaysia's national oil company Petronas has introduced lead-free petrol at eight petrol stations. This makes the country one of the first in the region to do so. The
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    • 396 15  -  By Mary Kwang KUALA TRENGGANU Hot on the heels of Weames Technology’s announcement of its plans to build a Mss-million (553.32million) factory in Trengganu, a second Singapore electronics firm is nowplanning a similar investment in this resource-rich state. Singapore’s Firstronics
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    • 312 15 THE growth of fund management activities in Singapore will be given a boost with a new sl-million programme by the Institute of Banking and Finance (IBF) to upgrade the level of investment and fund management expertise here. The programme
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    • 3136 16 TRANSACTION DATE: AUGUST 3y 1990 Qrs 1M0 Tel Last Vol Day Last Quote Dlv Net High Low Cod* Company Sale ♦Of000 High Low Buyer Seller PIE I INDUSTRIAL A COMMERCIAL 277 191 1000 Acma 258 unch 294 261 246 258 259 290 165 1142 Al*< Hidgs 50c
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    • 495 17 The weekly sharemarket review SENTIMENT on the local bourse turned bearish on news of the outbreak of war in the Middle East. The worst hit were Singapore stocks and blue-chips as foreign fund managers decide to liquidate some of their holdings. Dealers said
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    • 2211 17 TRANSACTION DATE: AUGUST 3 1990 Qr's 1990 Tel Last Vol Day Leal Quota Dlv Nat High Lew Code Company Sale Of000 High Low Buyer Sellar P It SESDAQ 157 126 t 4000 Amtpk Eng?0c 136 unch 70 136 135 130 136 6 ON 172 128 101 4008 Foil
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    • 171 17 ST Industrials Index The Straits Times Industrials Index lost 54.44 points on the week to 1511.05. DAY CLOSE TURNOVER Monday 1557.10 (-8 39) 60.59 m ($129 34 m) Tuesday 1554.82 (—2 28) 68 75m ($138 91 m) Wednesday 1557.76 2.94) 55.68 m ($128 38 m) Thursday 1532.50
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    • 719 17 Friday August 1 HKt Amoy ProptrtiM 3 3$ -0 02$ Allied Overseas 09$ -0 02 Asm Sec lnt'1 230 -0 10 Asia Sec Aar 91 0 S3 •0 03 Allied TA 1 06 •001 Bond Corp Wl 2 70 unch Bond Corp Aa' 91 t 23 unch Bank O'
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    • 418 18 THE Stock Exchange of Singapore has queried Singapore Airlines over its appointment of an outside consultant, reportedly to "advise it on how to boost its share price”. In a stitfly worded letter to the national carrier last Friday, the SES referred
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    • 284 18 Manager's prices for August 4*6 Singapore Unit Trust The Commerce 1 26--1 34 The Savings Fund 1 06-1 13 S pore Prog fund 0 49-0 52 S pore Sec Fund 0 80—0 86id Spore Invest fund 0 88-0 94 Spore Equity fund 0 60— 0 64 Asia Unit
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    • 511 18 Excerpts from the minutes of SIA's Annual General Meeting held last on July 21: A shareholder. Mr Hans Schreiher. said he agreed and understood why SIA must remain a national airline. However, he had his doubts about doing this through a two-tiered market, one
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    • 452 18  -  By Goh Eng Yeow COMPETITION among major local banks for a slice of the lucrative IPO (initial public offering) market is intensifying with OCBC Bank and Overseas Union Bank entering the fray. Within five days last week, OCBC launched the
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    • 172 18 Singapore dollars to one unit of foreign currency Buying 00 Selling US dollar 1 7905 ***** Sterling pound 3 3063 3.3676 Australian dollar 1 3950 1 4355 Canadian dollar 1 5459 1 5809 NZ dollar 1 0497 1 0839 Singapore dollars fo 100 units of foreign currency Austrian
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    • 112 18 Contract date: 3/8/90 CURRENCY 1 MTH 3 MTH 6 MTH 9 MTH 12 MTH CALL VALUE DATE USJ 7‘ 2 P>, 7i« 7'« 7% 1 C7 8 90 A$ 13 12% 12% 12% 13 11% 08 8 90 m 12% 13 V. 12i 13 13 11% 07
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    • 607 18 Week ended July 27. Compiled by Business Times AUDITED RESULTS Company Date Year Group Net Net earnings Grots ann to profit/lots (l) per share dividend (OOO) (cents) 96 B Sembaurang tut 5 Mar 90 $ll,454($6 /93' 56 1128 3a) 35n(15a) Metro Hide'. lul 4 Mar 90 $8,006(110.219) 14
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    • 447 19  -  By P. M. Chuang THE Singapore Government was a big investor in American real estate last year, according to the l nited States Department of Commerce. “The Government of Singapore made several real estate investments, Including a sizeable one in California," it
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    • 438 19 Singapore manufacturers bought 30 factory units in Cemerlang alid more are eyeing others ENCOURAGED by the Government to venture overseas, Singapore’s small and medium sizedoompanies are actively seeking out factory space across the Causeway. Local manufacturers, mainly from the furniture, electronics and
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    • 352 19  -  By Kevin Lim THIS is not a missing-persons notice. The man in the photograph, Mr Jacob Van, is the managing director of Roxport which manufactures factory automation equipment. And he is hoping to recruit a female clerk. The recruitment advertisement
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    • 468 19 Current Ex Books Date Total for Total for payment date close payable the year last year Met Hdgs 6% Aug 28 Sep 7 Sep 26 6% 6% UN 10% Sep 21 Oct 5 Nov 1 10% 7 5%(a) AMFP 2.75sen Jun 20 Jul 5 Aug 15 2 75sen
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    • 308 19 Company Rights Issue tG8 Corpn One-for three (a MSI 60 per share $30 131m 1 Convertible Unsecured Loan Stock of MSI 00 nominal value to be issued on the basis of 1 CULS for every eight shares held Ei-date Jun 6 Books close lun 20 Acceptance Payment Aug
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    • 499 20 But govt will create framework for Singapore firms, says BG Yeo THE Government will not give any subsidies to local firms investing in Hongkong although it strongly encourages Singapore companies to invest in the colony, said BrigadierGeneral (Res) George Yeo on Thursday. Replying
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    • 391 20 Building industry making strong comeback after several lean years EXCEEDING all previous expectations, the construction industry in Singapore is now poised to grow by another 6 to 8 per cent, with demand expected to hit the s6.s*blllion mark this year. This rapid
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    • 432 20 They join three KL firms to develop land three times size of Sentosa THREE Singapore companies Straits Steamship Land, Lee Rubber and DBS Land have embarked on an ambitious joint venture project to develop a piece of land in Johor almost
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    • 437 20  -  By Shaun Seow THE cash-rich Sembawang Group is embarking on an ambitious strategy to expand overseas and to diversify into non marinebased activities like aircraft leasing and the making of airplane parts. As part of this strategy, the group which includes the publicly-listed
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    • 178 20 Sembawang’s group profit up 36 to $38m SEMBAWANG Shipyard has reported a 36-per cent jump in group pre-tax profit to $37.92 million for the six months ended June 30. This was achieved on a 28.4-per cent higher group turnover of $210.3 million. The ship-repair and building giant said In a
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  • Page 21 Advertisements
    • 1142 21 The Straits Times Weekly Overseas Edition APPOINTMEN ■'V fine MINISTRY OF DKFKNCK INFORMATION SYSTEMS AUDITORS MIM)| I is looking tor outstanding ituliviiinuls to undertake technical rev ieu ol computer systems and to recommend improvements to existing systems and controls, \pplicants should he resourcetul. he able to work independently and possess
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  • Page 22 Advertisements
    • 641 22 The Straits Times Weekly Overseas Edition We are the agency which takes on the challenge of reskilling the workforce for the 1990 s SKILLS DEVELOPMENT FUND At Skills Development Fund Secretariat, we plan and develop strategies to reskill our nation s workforce. These strategies are translated into action plans for
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  • FORUM
    • 285 23 MR TAN Kok Tim's valuable contribution (“Sex education can help control the problem" ST, June 22) addresses a problem that should not be a problem. since sex, after all. is a very natural and rewarding part of our
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    • 163 23 AS A true-bred Singaporean and taxpayer, I am concerned that the Government should consider extending the MRT service to Johor Baru, before the needs of our entire nation have been met. We have been encouraged to use public transport and the MRT for
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    • 608 23 Time not yet ripe for a SingaporeJohor Baru MRT link THE rationale behind the decision to extend the MRT to Johor Baru is difficult to understand. On the surface, the idea seems attractive, especially in view of the infrastructural development that must take place if the Johor-Singapore-Batam growth triangle concept
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    • 136 23 Reply WE THANK Mr Lau Hak Tiong for his letter “MRT should serve needs of all Singaporeans first before being extended to JB” (ST, July 25, see above). The Government is committed to extending the MRT system all over Singapore, when passenger
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  • Page 23 Advertisements
    • 139 23 The Straits Times Weekly Overseas Edition. A crisp summary of the week's major happenings in Singapore. Politics, business, die 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. Making an
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  • NATIONAL DAY Parade 90
    • 278 24 THEY were all born in the month of August 1965 and they all have an august task ahead leading the nation in taking The Pledge at the National Day Parade. The 25 will turn 25, along with Singapore, this Aug 9. As a
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    • 427 24  -  By Foo Choy Peng Hongkong Correspondent HONGKONG The Singapore Government is taking advantage of this year’s 25th Anniversary celebrations to reach out further to Singaporeans abroad. Those planning short trips home for the anniversary celebrations next month, for example, have
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