The Straits Times : Weekly Overseas Edition, 25 August 1990

Total Pages: 24
1 24 The Straits Times : Weekly Overseas Edition
  • 21 1 The Straits Times WEEKLY OVERSEAS EDITION SATURDAY, AUGUST 25, 1990 Price: 551.20 (in Singapore) Elsewhere by subscription only MCI (P) 71/8/90
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  • 526 1 SINGAPOKK is in the happy situation of living in a friendly neigbourhnod, hut history teaches that threats can arise unexpectedly, and not just from within the neighbourhood. Hence the need for all countries, not just Singapore, to be prepared for
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  • 604 1 Statistics show fewer S’poreans settling abroad ALMOST one year after the National Day Rally when the Prime Minister launched a national debate on how to stem the flow of Singaporeans emigrating, statistics show that fewer Singaporeans are settling overseas. Mr Lee Kuan Yew said in an interview
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  • 407 1 ALTHOUGH there may well be an economic slowdown next year if the Gulf crisis is not resolved soon, companies which do well this year should still pay their workers a fair share of profits and not use the possible downturn as
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  • 79 1 PRIME Minister Lee Kuan Yew is scheduled to visit the Soviet Union, probably next month, a spokesman for the Soviet Embassy here said on Monday. The visit would probably last a few days and that "a September date cannot be excluded". Reuter, quoting officials
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  • HOME
    • 437 4  -  He tells police how he tried to stop other driver from driving off By Elaine Tan A MOTORIST who tried to stop another from driving off after a minor accident on Monday has reported to police that he was almost run
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    • 435 4  -  New book by forensic pathologist spins macabre tales drawn from real life By Serena Toh KNOWN among his peers as (Quincy MD of Singapore, forensic pathologist Chao Tzee Cheng has come up with a book appropriately titled Murder is My Business. “Quincy is fiction, Chao is fact,"
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    • 162 4 Mimi Wong case THE story of bargirl Mimi Wong, who killed her Japanese lover’s wife, is the only case in which the murderer’s real name is used. Mimi and her ex-husband stabbed the Japanese woman to death in the bathroom while her daughter watched. The victim
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    • 214 4 A THREE-PRONGED strategy to reduce road accidents has made Singapore roads the third safest after Japan and Australia in the AsiaPacific region. Minister for Communications and Information Dr Yeo Ning Hong told delegates at the International Road Safety Conference
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    • 598 4 Two younger PAP MPs discuss changes the party could make TALENTED young Singaporeans might be spuming calls by the People's Action Party to enter politics txTause they did not think that MPs played a significant role in the Government, two
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    • 555 5  -  By David Miller A SINGAPOREAN, who had been confronted by Iraqi soldiers with cocked guns in Kuwait following Iraq’s invasion of the emirate, returned home safely on Thursday. Mr William Tan Ee Teck, 38, the manager of a
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    • 64 5 SINGAPORE has banned all Iraqi-flagged ships from entering its port effective from yesterday. This is line with the United Nations embargo on trade with Iraq and Iraqi-occupied Kuwait, following the Iraqi invasion on Ang 2. The PSA said on Thursday the Singapore Government “has decided to
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    • 488 5  -  The Gulf crisis By Mary Kwang SINGAPORE has put into force an economic embargo against Iraq and Iraqioccupied Kuwait. Announcing this yesterday, the Ministry of Foreign Affairs said that the move was in compliance with the United Nations Security Council’s decision on Aug
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    • 362 6 SINGAPORE welcomes talented and skilled immigrants from all countries, not merely those from Hongkong. Environment Minister and Minister in-charge of Muslim affairs Ahmad Mattar has said. “We welcome Malay talent into Singapore as much as we welcome Chinese and Indian talent. This is
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    • 291 6 MALAY Singaporeans should be proud of their community's achievements, no matter how small or mediocre, as these were obtained through their own efforts and merit. The achievements were meaningful because they were not given to the community on a silver platter, said
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    • 377 6 Proficiency in English won’t be at expense of mother tongue: Dr Tay MALAY pupils should work harder to improve their proficiency in English as it is the key to doing better in most other subjects. Senior Minister of State (Education) Tay Eng
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    • 260 6 THE need to attract more youths into apprenticeship programmes has prompted the Government to produce a new package of incentives, including deferment of national service. School leavers who are accepted as Vocational and Industrial Training Board (VTTB) apprentices will not have to do national
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    • 423 6  -  By V. Prema A NEW-BORN hippopotamus has joined Singapore Zoo's second generation club. The hippo, which was born on Tuesday, joins 12 other babies born last week to rare rhinoceros iguanas who were themselves bom at the zoo in 1986.
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    • 598 7 AS FEARED by the market, quota premiums for all categories of motor vehicles, except the “open” section, shot up by 25 per cent or more for September. For three of the four car categories, the prices of Certificates
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    • 141 7 THE Government has no plans at the moment to curtail the transferability of the Certificate of Entitlement (COE) to prevent speculation, said the Minister of State (Communications and Information), Mr Mah Bow Tan, on Thursday. He told reporters at the Young Presidents’
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    • 611 7 Chok Tong’s remarks on lesson to be learnt from Gulf crisis FORFJIGN papers which criticised Mr Goh Chok Tong’s recent comments on the lesson Singaporeans must learn from the Gulf crisis should have known better, a senior minister said last Saturday. "I
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    • 243 7 SINGAPORE would consider taking part in a Called Nations military form to help reinstate the ousted Kuwaiti government If it Is asked, First IFeputy Prime Minister Goh Chok Tong said last Saturday. However, he stressed that the SAP’s first priority was to
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    • 553 7 Impact of petrol price hike BARFII.Y a week after pet--ol prices went up by a hefty 11 cents a litre here, some Singapore motorists are already crossing the Causeway to buy fuel in Johor Baru Many said that the journey is worthwhile
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    • 302 7 But people should start cultivating good energy conservation habits, he urges SINGAPORE should be able to cope with a possible oil crisis as it did in 1973 and 1979 because it now has a more diversified economy, a stronger
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    • 310 8  -  By Foo Choy Peng Hongkong Correspondent HONGKONG A survey to gauge the demand for a Singapore school for children of Singaporeans working in Hongkong will be carried out within the next few days. The Singapore Association. a social club, and the
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    • 494 8 RESERVIST training is disruptive to civilian employees and their employers but it is a necessary disruption, First Deputy Prime Minister Goh Chok Tong said on Monday. He said: "Otherwise, Singapore will not have the security umbrella for its economy to grow." Mr Goh was speaking
      Picture by WONG KWAI CHOW.  -  494 words
    • 456 8 RECALLING 200 vehicles within eight hours for a resources mobilisation operation is a daunting task but it can be done with planning and co-ordination. SAL Leasing, a local company which leases vehicles, proved this and won the Total Defence Award 1990. The
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    • 237 8 MORE scheduled flights are operating into Singapore, increasing the weekly seat capacity by almost 12 per cent. In its latest monthly report on tourism statistics, the Singapore Tourism Promotion Board said 48 passenger airlines operated 864 scheduled flights into Singapore as of June, a
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    • 474 9 New safety flap and more dry runs to reduce margin for error HELICOPTER rappelling where men rapidly disembark via ropes from choppers hovering high above ground is on again. It had stopped for a while after three commandos died in a training incident
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    • 154 9 THREE of the Republic of Singapore Navy’s latest acquisition, the missile corvettes, graduated to warships last Saturday. The (2-metre corvettes, which are the first in the RSN to have an anti-sub-marine capability, are also armed for anti-ship and anti-aircraft operations. The newly-commissioned ships RSS
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    • 138 9 EIGHT ships from the Singapore and Brunei navies started a week-long naval exercise in the waters off Brunei on Monday., The exercise, codenamed Pelican 12/90, is the 12th in a series of naval exercises between the two navies. The exercise is aimed at
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    • 361 9  -  By Leong Chan Teik FOR the third successive year, Changi Airport has been voted the world’s best airport this time beating its main competitor by an even bigger margin. The airport stretched its lead over the same run-ner-up, Amsterdam’s Schiphol Airport,
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  • Page 5 Advertisements
    • 245 5 Se a Succetefad ‘W'titen Make money writing earn while you learn I you The Writing School, founded in 1949, shows how to write articles, short stories, novels, romances, radio and TV scripts, technical articles, children's stories etc. Top professional writers, through the medium of The Writing School's comprehensive home study
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  • MALAYSIA
    • 408 10 NO SINGAPORE helicopters have landed illegally in Malaysia nor have Singapore soldiers entered Malaysia disguised as civilians. The spokesman for the Ministry of Defence. Colonel Kwan Yue Yeong, said this on Monday following reports in the Malaysian press alleging infringements of their country’s territory. The
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    • 309 10 JOHOR BAKU AH Singapore Armed Forces aircraft have sought permission from Malaysian authorities before they entered Malaysian airspace for training, it was disclosed here on Tuesday. “So far, we have not detected any aircraft which has in fact intruded into our airspace,”
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    • 360 10 KUALA LUMPUR Industries and consumers have been advised not to panic over reports of an increase in petrol prices if they want to avoid creating an inflationary spiral in Malaysia, the Malaysian Business Times reported on Monday. The paper quoted Trade
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    • 73 10 WITH Malaysia’s National Day coming up on Friday patriotism can easily go to one’s head, as was the ease with Umi Kalsum Bahor. The 24-year-old hairstylist, who works in a hair salon in a Kuala Lumpur shopping mall, had her tresses dyed in the colours and pattern
      Malay Mall picture.  -  73 words
    • 113 10 Bernama. KUALA LUMPUR The number of tourists visiting Malaysia and the revenue from the tourism industry for the first seven months are set to surpass targets set for the whole year. Culture and Tourism Minister Datuk Sabbaruddin Chik said on Tuesday
      Bernama.  -  113 words
    • 351 10 Bernama KUALA LUMPUR Former DeputyPrime Minister Datuk Musa Hitam won his libel suit against author Syed Hussein al-Attas in the High Court here on Tuesday. Justice Datuk Lim Beng Choon awarded him Msloo,ooo (5566,000) in damages, ruling that the words in Syed Hussein’s book.
      Bernama; Bernama picture.  -  351 words
    • 412 11 NST. Bemama KOTA KINABALU The four men arrested under the Internal Security Act for alleged involvement in a plot to {Hill Sabah out of Malaysia have been ordered to be detained for two years. They are Kadazan-Du-sun Cultural Association's
      NST.; Bemama  -  412 words
    • 352 11 KUALA LUMPUR Ma laysia has shut its embassy in Kuwait and withdrawn all its citizens, including diplomatic staff, a Foreign Ministry official said on Wednesday. The last group of 44 Ma Laysians in Kuwait, including the ambassador and other embassy staff, have arrived in
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    • 156 11 KUALA LUMPUR The only way Malaysia’s coco-nut-picking monkeys can leave the country is as “tourists” or "ambassadors”, a Wildlife Department spokesman has said in response to reports that local monkey-owners were interested in sending their animals to an Australian city
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  • ASEAN
    • 295 11 Public trust in her govt has foiled all the coup attempts in four years, she says MANILA President Corazon Aquino said on Tuesday her four years heading the government have been turbulent, but declared that she has succeeded in surviving against all odds Mrs
      Reuter picture.  -  295 words
    • 242 11 BANGKOK In a dramatic move to salvage his embattled and rorruptionscarred party, Thai Foreign Minister Siddhi Savetsila resigned on Wednesday as leader of the Social Artion Party. He said he would keep his government post until a Cabinet reshuffle, which Prime Minister Chatichai Choonhavaa had said
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    • 321 11 Sweeping reshuffle after Parliament sits on Budget Bill AP. BANGKOK Prime Minister Chatichai Choonhavan said there will be a major Cabinet reshuffle next month, the govern-ment-run Radio Thailand reported. Gen Chatichai told reporters last Friday that the reshuffle would take place after the
      AP.  -  321 words

  • COMMENT / Pick of the week’s editorials
    • 645 12 AUG 24, 1990 THE East German Parliament has decided to bring forward to Oct 3 the date of the country’s unification with West Germany. The reasons for this are both economic and political. Since July 1. when monetary union occurred between the two Germanys and was
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    • 673 12 AUG 22. 1990 THE difficulty of getting Singaporeans into the political arena was discussed by two young Members of Parliament in an article in Petir recently According to Mr Leong Horn Kee and Mr K. Shanmugam. Singapore is not short of talent; it is just that
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    • 593 12 Aug 20, 199 i THE call by Dr Yeo Ning Hong, the Mimster for Communications and Information, for Singaporeans to set aside 1 per cent of their income for charity deserves support. Likewise, the decision by SPH to contribute 1 per cent of its annual trading
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    • 786 12  -  Viewpoint By Cherian George An unexpected gift with all the charm of a letter-bomb arrived in thousands of Singapore homes recently. It was a recording of a Madonna concert from the pop star’s current European tour, wrapped in National Day colours and delivered
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  • FEATURE
    • 1241 14 Haw Par Villa is about to be awakened, its face mask peeled off to reveal a new sophisticated beauty that will push Singapore into the front-line as a major entertainment centre. Now is that a myth or a genuine possibility? Samuel Ee brings you a progress
      Picture by Wong Kwai Chow  -  1,241 words

  • MONEY
    • 623 15  -  Tang Dynasty Village project. By Leslie Yee EVEN as construction work is under way on the $7O-million Tang Dynasty Village in Jurong, its owner. Hongkong tycoon Deacon Chiu’s Far East Holdings International (FEHI). has set aside a $lOO-million war-chest for other
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    • 513 15  -  Statutory board posts net surplus of sBBBm for financial year ending March By Lynette Ong SINGAPORE Telecom, which last Friday reported a net surplus of $BBB million in its last financial year ended March 1990, said it is on schedule regarding
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    • 365 15  -  By Gerry de Silva KWEK HONG PNG. billionaire patriarch of the Hong Leong Group, has stepped down as chairman of listed property giant City Developments Ltd (CDL) following his conviction under the Companies Act. Kwek had pleaded guilty in court on Monday
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    • 214 15 WITH Kwek Hong Png stepping down from the boardrooms of the Hong Leong companies, the way has been paved for the next generation to take over the helm of the diversified group. Among those likely to succeed Kwek, the patriarch
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    • 3226 16 TRANSACTION DATE: AUGUST 24, 1990 Cra 1WO Tel Leal Vol Day Laat Quote Dlv Net High Low Cod# Company Sale Of'000 High Low Buyer Seller P/E INDUSTRIAL COMMERCIAL 277 152 t 1000 Acma 172 12 79 173 160 169 172 290 165 1142 Alex Hldgs 50c 180
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    • 623 17 The weekly sharemarket review IN LINE with stockmarkets worldwide, the local bourse took a beating during the week as the crisis in the Middle East continued. Singapore shares fared badly as most foreign fund managers feel the Repubic’s economy is very exposed
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    • 2209 17 TRANSACTION DATE: AUGUST 24, 1990 1990 Tel Last Vol Day Last Quote Gra Dlv Net High Low Cod* Company Sale Of000 High Low Buyer Seller P It SESDAQ 157 88% J 4000 Amtek Eng20c 90 -1 85 91 88% 89% 90 6 ON 11 4 128 80 4008
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    • 185 17 ST Industrials Index The Straits Times Industrials Index fel 156.07 points on the week to 115*06 DAY CLOSE TURNOVER Monday 1280 72 (-33.41) 55.01 m ($105 15 m) Tuesday 1248 90 (-31 82' 63 02 m ($115.26 m) Wednesday 1182 02 66 88) 91 90 m ($165
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    • 644 17 Friday August M MM Amoy Properties 2 925 ♦0 125 Allied Oversea» OH -0 02 At* Sec int i At* Sac Me' 9i Allied TM Bond Corp Ini 1 Bond Corp War 91 191 0 it 068 1 63 0S7 13 30 ♦003 002 ♦002 ♦002 004 040 010
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    • Impact of Iraq’s invasion of Kuwait
      • 338 18 AFTER hefty rises last year, property prices in Singapore have consolidated during the first half of this year, according to a research paper by Hoare Govett. But with the nervous financial markets following the Iraqi invasion of Kuwait on Aug 2,
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      • 466 18 Move comes as oil prices soar to even greater heights A SINGAPORE group has bought a 95,310-tonne oil tanker, the Pasadena, to stockpile oil supplies. The development comes as oil prices soared to even greater heights on Thursday over fears of a
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      • 448 18 THE Gulf crisis has hit some private Kuwaiti property investors in Singapore. About half a dozen Kuwaiti businessmen have approached consultants Knight Frank Cheong Hock Chye Ballieu to sell off several million-dollar upmarket apartments, which they had earlier bought for long-term investment
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    • 518 18 *eek ended Aug 17. Compiled by Business Times AUDITED RESULTS Campaay bite fur C'N| Nat Itet unutp Crass MU te xa4K/lasi (L) p* iJuri dfvtUaad COM) i caats) H tef 14 Ux 90 33.93?<35.875l HTP MM*s tef 3 *x 90 02.334 J2.754O 26(-) £«PH te| 3 Mo 90
      Compiled by Business Times  -  518 words
    • 157 18 Singapore dollars to one unit of foreign currency Buying 00 Selling US dollar <605 1.7825 Sterling pound 3 40/6 3 4875 Australian dollar I 4680 1 5089 Canadian dollar 1.5510 1 5866 NZ dollar 1.1091 1 1435 Singapore dollars to 100 units of foreign currency Austrian schilling *****5
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    • 113 18 Contract data: 24/8/90 CURRENCY! MTH 3 MTH 6 IATH 9 MTH 12 MTH CALL VALUE OATE USJ 7 V* 7 V, Vh 7‘/2 7V, 7 28/8/90 AJ 12 3 12'/* 12'/* 12 V. 12 3 ll 5 28/8/90 m 13'/« 13H 13 J /i 13V* 13'/« in*
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    • 267 18 Manager's prices for August 25 27 Singapore Unit Trust Th« Commerce The Savings Fund S'pore Prog Fund S pore Sec Fund S'pore Invest Fund S'pore Equity Fund 108-1.13 0 88 0 94 0 41 0 44 0 67—0.71xd 0 74 -0 79 0 50—0 53 Asia Unit Trust
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    • Impact of Iraq’s invasion of Kuwait
      • 497 19  -  By S. Subramaniam WITH tension mounting in the Gulf, the Trade Development Board has cancelled two earlierscheduled trade missions to the Middle East, as well as Singapore’s participation at two trade fairs there. The first is a trade promotion mission to Iran next
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      • 426 19  -  By Leslie Yee THE mounting Gulf crisis is putting the local financial community on red alert and prompting some banks to minimise their exposure to the Middle East. Following the lead of their European and American counterparts, banks here said they would consider
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    • 637 19 Current Ex Books Date Total for Total for payment date dose payable the year last year Net Mdr 6% Aug 28 Sep 7 Sep 26 6% 6% wee 25% Sep 14 Sep 28 Oct 27 2.5% 2% mm 10% Sep 21 Oct 5 Nov 1 10% 75%(a) ***no
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    • 373 19 Krb Kefas (KK) Offers for sate by or on behalf of Utd Engineers (M) Bhd of 25.2m shares by way of a rights offer to entitled shareholders of UK or the basis of four tor-one MJ] 25 each El-date: Jul 20 Books dose Aug 3 Acceptance Payment: Sep
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    • 660 20  -  By V. Prema THE air courier business in Singapore will continue to grow at an average of 20 per cent a year, some of the larger courier companies here have said. Three of the four market leaders here TNT Skypak, DHL International and United
      660 words
    • 259 20 LUFTHANSA German Airlines will soon be operating scheduled flights between Singapore and Berlin as part of a major plan to link the German city to key destinations in the world. The plan hinges on the lifting of restrictions over Berlin airspace sometime next
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    • 160 20 Reuter. BANGKOK A Singapore trade delegation is visiting Burma for talks with military leaders on oil exploration, mining, air transport and other joint-venture opportunities, Rangoon radio reported. The delegation is headed by parliamentarian Mr S. Chandra Das. They met Trade Minister David Abel, Mines and
      Reuter.  -  160 words
    • 328 20  -  By Suzanne Soh SINGAPORE'S information technology (IT) Industry enjoyed a total turnover of $1.48 billion last year, up 39 per cent over the previous year's $1.06 billion. Last year’s growth rate was higher than 1988’s 35 per cent, according to preliminary results of the
      328 words
    • 219 20 BETTER revenues from rooms and the food and beverage outlets helped Shangri-La Hotel Ltd turn in a 5(1-per cent increase in interim after-tax profit to $20.5 million. Pre-tax profits also grew a-third to $28.83 million from $21.72 million on the
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  • Page 21 Advertisements
    • 1115 21 The Straits Times Weekly Overseas Edition APPOINTMENTS EM NATIONAL 3£b university yj OF SINGAPORE FACULTY OF BUSINESS ADMINISTRATION Applications are invited for appointments as Senior Tutor in one of the following departments Business Policy Decision Sciences Finance and Banking Candidates should possess at least a good honours degree and should
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  • Page 22 Advertisements
    • 446 22 ARE YOU IN TOUCH WITH THE FUTURE? h l p IVe are. And you’d have to be too, if you wish to be part of a dynamic and innovative organisation where communication barriers are broken everyday in our efforts to keep Singapore ahead in the Information Age. The National Computer
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  • FORUM
    • 339 23 Allegations of violation of Malaysian territory I READ with apprehension the increasing number of complaints by Johor about Singapore and Singaporeans, this time about alleged intrusions into Johor territory and airspace (ST, Aug 20). My factory has a production subsidiary in Johor and is sensitive
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    • 222 23 I REFER to Johor State Secretary Datuk Abdul Rahim Ramli’s statement that the Johor government was aware of rases of intrusion hy elements of the Singapore Armed Forces (ST, Aug 20). Every government should take security seriously, I am not denying that. Rut to cry
      222 words
    • 257 23 A quota may not benefit S’poreans Foreign ownership of residential properties I REFER to Mr Kwok Chee Chiu's letter, “Impose quota on purchases of flats by foreigners” (See Col 4). The Government, since 1973, has been restricting purchases of private residential property by
      257 words
    • 192 23 I REFER to the recent report regarding Johor Mentri Besar Tan Sri Muhyiddin Yassin's call on the Malaysian government to amend the law to restrict foreigners from freely buying houses and properties in Malaysia. It Ls certainly more urgent for our
      192 words
  • Page 23 Advertisements
    • 144 23 MAJOR ISSUES 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.
      144 words

  • Page 24 Advertisements
    • 275 24 The Battle Of Engineering Minds '4*4 F c Research Development Systems Acquisition Systems Maintenance Systems Design Systems Engineering Resource Planning Operations Analysis Have you ever considered a challenge in defence engineering? It is a career that appeals to those fired with a passion to excel; and spurred by an ambition
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