The Straits Times : Weekly Overseas Edition, 3 June 1989

Total Pages: 24
1 24 The Straits Times : Weekly Overseas Edition
  • 20 1 The Straits Times WEEKLY OVERSEAS EDITION SATURDAY, JUNE 3, 1989 Price: 551.20 (in Singapore) Elsewhere by subscription only MCI(P) 42/8/88
    20 words
  • 463 1  -  By CATHERINE C. ONG Hongkong correspondent HONGKONG There has been a 10 per cent surge in the number of applications by Hongkong people for permanent residence in Singapore in the week after China imposed martial law to quell student protests. Mr Michael
    463 words
  • 1056 1  -  Why Govt must act now... By TAN TARN HOW THE Central Business District and practically all the major housing estates would be plagued by major traffic jams in 3' '2 years’ time if the car population is allowed to grow at its current
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  • 1125 1  -  By BERTHA HENSON THE Court of Appeal on Thursday dismissed with costs The Asian Wall Street Journal’s bid to quash a Government older declaring it a newspaper engaging in the domestic politics of Singapore and restricting its daily circulation here
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  • 498 1 Business Times. THE Government has accepted the National Wages Council’s 1989 recommendation that workers be rewarded with a wage increase comparable to that of last year if company and individual performance justify it. But, the council notes, this would be the second successive year
    Business Times.  -  498 words
  • Page 1 Advertisements
    • 71 1 HOME Unhappiness over doctors who turn businessmen PAGE 13 Govt unveils three-pronged master plan to help SMEs PAGE 5 Govt to come down hard on directors who abuse position PAGE 6 School fails 30 suspected of cheating PAGE 7 CAUSEWAY National Front parties to test ground for polls PAGE 10
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    • 5 1 .< (kr YdJLI Peace of mind
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  • PARLIAMENT
    • Debate on the Government’s latest moves to ease congestion on the road
      • 758 2 Measures ‘too hastily introduced and too harsh’ Dr Arthur Beng’s amendment, seconded by Dr Tan Cheng Bock: “That this House supports the principles underlying the latest measures introduced by the Ministry of Communications and Information to curb road usage but regrets that some
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      • 990 2 IT IS regrettable that the Government has come up with measures to curb car usage at a time when the public transportation system does not provide an acceptable alternative to car owners, the chairman of the Government Parliamentary Committee on
        990 words
      • 282 2 THK National Development Ministry and the Corrupt Practices Investigations Bureau have set up a task force to scrutinise all resettlement cases since 1979 following the discovery of widespread cheating on compensation claims. More than ROD resettled squatters have admitted cheating in their claims, many over-claiming sums
        282 words
    • Debate on new road curbs, parking fees
      • 539 3 Hasty? It took 6 months of deliberation- Dr Yeo THK measures to eurb car usage were arrived at “very carefully and very thoroughly” and were not hastily introduced as some MPs alleged, Communications and Information Minister Yeo Nlng llong said yesterday. He said his ministry decided on the package of
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      • 480 3 NATIONAL Development Minister S. Dhanabalan served notice on Tuesday that on car-owning Housing Board residents that they can expect to pay more for their parking lots. The HDB will press ahead with its policy of recovering the full economic and social costs
        480 words
      • 564 3 IN A day when it seemed that there might be no end to amendment motions put before the House, it was Deputy Speaker Abdullah Tarmugi who came up with the winning line that proved most acceptable. The original motion, by Dr Hong
        564 words
      • 282 3 NON-CONSTITUENCY MP Lee Slew Choh called for a total withdrawal of all the measures introduced by the Government recently to curb road congestion, saying they were "inequitable, discriminatory, self-contradictory and inflationary”. Moving an amendment to the amended motion by Dr Arthur Beng (Fengshan)
        282 words
    • Other business
      • 309 4 THE death penalty will he extended to drug traffickers dealing in opium, cannabis and cocaine, Home Affairs Minister S. Jayakumar said announced. Amendments to the Misuse of Drugs Act were being drafted and he hoped to introduce them in Parliament within the next
        309 words
      • 544 4 12-month ban on guilty neurosurgeon ‘inadequate’ THE Government is drawing up tougher penalties to deal with doctors found guilty of gross professional misconduct, Acting Health Minister Yeo Cheow Tong said. Amendments to the Medical Registration Act, to be tabled in Parliament within the next
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      • 407 4 THE Government has dismissed as ‘‘totally untrue” a charge by Non-Constitu-ency MP Lee Siew Choh that lawyer Teo Soh Lung was still in detention because she had not dropped habeas corpus proceedings against the Government. law and Home
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      • 173 4 SBC’s locally-produced Mandarin serials have become as popular, if not more, than Cantonese programmes made in Hongkong. This was stated by the Senior Parliamentary Secretary (Communications and Information), Mr Ho Kah l/cong, who said surveys showed the average Chinese
        173 words
      • 628 4 Illegal workers issue THE Government expects foreign nationals coming to Singapore to observe the laws here just as it expects Singaporeans abroad to respect and abide by the laws of the countries they visit, Foreign Minister Wong Kan Seng said. He
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  • HOME
    • 673 5 No new perks, but aid schemes grouped into a package THP] Government this week unveiled its iongawatted master plan for small and medium-sized enterprises (SMEs) aimed at stimulating more of them to develop into “world-class enterprises". The plan, launched by the Economic
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    • 279 5 THE Government spent more than $52,000 over the past five years to engage Queen’s Counsel to represent it in appeals before the Privy Council in London. Two of the cases involved Workers' Party chief J. B. Jeyaretnam. The others involved criminals
      279 words
    • 57 5 NTUC Secretary-General On| Teng Cheong will lead a tean of unionists to the 76th Interna tional Labour Conference in Geneva on Monday. Mr Ong, who is also the Second Deputy Prime Minister, and his team will meet 11,0 j officials and union leaders of other countries
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    • 51 5 TWELVE employers were fined a total of $48, Ml this week for employing 31 foreign workers without work permits. The workers, all Malaysians, were employed as cleaners, seamstresses, carpenters, hairdressers, general workers, and a shoe-maker. Their period of illegal employment ranged from one day to a
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    • 152 5 PIONEER food writer and former principal of Methodist Girls' School, Mrs Ellice Handy, died at her daughter’s home in Adelaide last Tuesday. She was 84. Mrs Handy, an old girl of MGS, became the school’s principal in 1945. During her service, she helped
      152 words
    • 258 5 UOB and Mastercard’s ‘Only certain ladies have it’ credit card may be first in world IT HAD to come sooner or later. Singapore women will get the chance to flash what is probably the world’s first exclusively-female credit card. With increasingly more women entering the labour
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    • 343 5  -  s3oom deal with Ngee Ann By DOREEN SIOW JAPANESE retail giant Takashimaya known as the "Harrods of Tokyo" has booked for itself a choice slice of Orchard Road shopping space for more than $3OO million. Its 30-per cent equity share in Ngee
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    • 74 5 SINGAPORE Island Is II per cent bigger now than it was when land reclamation first began $6 years ago, according to the Housing and Development Board. Since 1963, a total of 58 sq km of sea has been transformed Into land, a spokesman said. The HDB is
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    • 726 6  -  Tougher action likely under amended Act By TAN SAI SIONG DIRECTORS who run public companies as if they were private-owned family businesses had better beware. Well-placed sources say the authorities plan to come down hard on those who fail to
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    • 300 6 A SINGAPOREAN was found hanged in his dormitory in a university in Michigan. United States, four weeks before he was due to graduate. A police spokesman for Berrien Springs-Oronoko township police station said Mr Wee Li Ahn, 20, was found hanged by
      300 words
    • 287 6  -  By Catherine C.Ong, Hongkong correspondent HONGKONG A former Senior Manager of the Monetary Authority of Singapore, Mr Tang Wee Lip, has been named as a coconspirator in a multi-mil-lion dollar fraud and false accounting case involving Asean Resources Finance. Mr Tang
      287 words
    • 107 6 Former KL envoy Baker appointed NUS ProChancellor SINGAPORE'S farmer envoy U Indla-Nrpal, the Philippines and Malaysia (twice), Dr Maurice Baker (»b»ve) has been appointed a Pro-Chancellor of the National University of Singapore. He replaces Emeritus Professor E S Montelro, who died In March. The University has two other Pro-Chancellors, Mr
      107 words
    • 303 6 HEROIN worth $600,000, hidden in a spare tyre in the boot of a car, was seized and a Malaysian couple arrested after a thrilling car chase from Geylang to Woodlands new town on Tuesday. The 20 km chase, which began at
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    • 396 6 A SPECIAL department has been set up at Singapore General Hospital to deal with patients suffering from cancer of the colon the disease is expected to become Singapore’s No 1 killer 10 years from now. One of the causes of
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    • 351 7  -  ‘Class made to write confession letters’ By NG WEI JOO A SECONDARY school has failed a group of students suspected of cheating during the May mid-year examinations. The incident came to light after a reader complained to The Straits Times on
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    • 139 7 A HOUSEWIFE from South Africa has won the grand prize worth $40,000 in the Singapore Visitor Shopping Contest. Mrs M. Hodges’ name was drawn from over 7,000 entries on Monday. And all she did was to spend $l5O on shopping. Her grand prize comprised
      139 words
    • 254 7 A WHOPPING $550 million this will be the cost of the Asean optical fibre submarine cable network to be built by Singapore Telecom together with the telecommunication administrations of Malaysia, Indonesia, Brunei, Thailand and the Philippines. With its very high-speed capability, the network
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    • 310 7  -  By CONRAD RAJ SINGAPORE Airlines is being sued by the parents of a 10-year-old girl who alleged she had been molested by a male passenger seated next to her while travelling alone. SLA, in a recent cabincrew newsletter, said the parents decided
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    • 236 7 FRESH salmon, a gourmet’s delight, may soon be on the daily menus in Singapore. A joint venture company formed by a West German and a local company will set up a plant here to breed the highly-prized fish. The company, Metz-Kim, will also breed garoupa
      236 words
    • Article, Illustration
      216 7 posing for wedding photos smack in the middle of Orchard Road! THAT’S exactly what newly-weds Dr Samuel Yeak, 25, and his bride Elizabeth, 25, did just before stepping Into the Mandarin Hotel for their wedding dinner. With Orchard Road closed to all motor traffic last Sunday night for
      216 words
    • 242 7 THE trial against Francis Seow on 60 tax summonses has been fixed for hearing over three weeks from Sept 25 to Oct 13, whether he is present or absent. The dates were fixed on Tuesday when his case
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    • 368 8  -  By SERENA TOH AN all-under-one-roof eye centre, which can treat 90.000 patients a year, will be ready in August next year. Called the Singapore National Kye Centre (SNEC), it will be a referral centre for both private and government hospitals in
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    • 494 8 FOREIGN Affairs and Community Development Minister Wong Kan Seng last Sunday had a word of advice for the Malay community it is in their interest not to be seen to be too dependent on the Government all the time.
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    • 87 8 TWO Polish tourists who were caught “red-handed” pouring white paint on white traffic lines In Waterloo Street In the early hours of Monday morning found out some hours later that the Joke was on them. kawsiorski Marek, 22, and Lupinskl Krzysztfl, 24, were fined SI,OM
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    • 138 8 EMPLOYERS of foreign maids and foreign workers will have to pay a higher levy of $2OO and $250 respectively from July 1. The Government last night gazetted the second step of the levy increases announced late last year. The first increase came on Jan
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    • 481 8 THE teaching of religious knowledge in schools should continue to be offered but as an optional rather than a compulsory subject, members of the GPC on Education have suggested. The Government Parliamentary Committee on Education made this and other suggestions
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    • 427 8 UNIVERSITY students here will be able to pay their fees with their parents’, or approved relatives' Central Provident Fund savings with effect from the new academic year in July. A CPF Board statement said on Wednesday that application forms for
      427 words
    • 200 8 A 24-HOUR strike by BBC Journalists last Friday has delayed the broadcast of the BB< Interview of Prime Minister Lee Kuan Yew scheduled for airing this week. Editing of the half-hour programme could not he completed in time, said Ms l.lnda
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  • across the CAUSEWAY
    • 312 9  -  Decomposed body found in drain after kidnap By BRENDAN PEREIRA A GOOD-LUCK string and T-shirt on a badly decomposed body found in a drain last Saturday have helped to identify that it is that of missing baby, Yang Xiaotian. The baby’s
      312 words
    • 90 9 A HOUSEWIFE was charged last week with the murder of her 2'2-year-old son at their home in Block 473, Jurong West Street 41 by a district court. Sharifah Btntl Ibrahim, 21, Ls alleged to have committed murder by causing the death of her son,
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    • 265 9 WARNER Brothers is exploring the possibility of setting up cinema complexes in Singapore. It is also believed to be looking at whether it would be feasible, in the long term, to make movies here. Warner executives were here early this week to size
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    • 797 9 FOUR teenaged boys are being investigated by police acting on a complaint by a 15-year-old girl that she had been whipped and burnt as part of a satanic cult ritual. They are alleged to have subjected her to the ordeal
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    • 367 9 PROFESSOR S. Jayakumar served notice this week that the Government intends to pursue the claims of ministers and senior civil servants allegedly defamed by the Malaysian tabloid, The Sunday Star, once the Prime Minister's libel suit is settled.
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    • 113 9 TROPICANA, once Singapore's ritziest cabaret spot, closeed its doors on Wednesday night 21 years after it first opened. But it may not be the final curtain for the cabaret in Scotts Road the show might go on elsewhere, says its 78-year-old owner, Mr S.C.
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    • 481 10 Coalition partners to meet next week, says report KUALA LUMPUR LEADERS of National Front component parties are due to meet here next week for talks which will help the Prime Minister decide on whether to call tor an early general election, The
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    • 559 10  -  By ISMAIL KASSIM KUALA LUMPUR The Spirit of '46 Umno dissident group has accused the ruling National Front led by Umno of involving be Sultan of Pahang in domestic politics. In a statement released on Wednesday, the secretary of
      559 words
    • 332 10 Agencies KOTA BARU The Berjasa party, a minor component of the 13-member ruling National Front coalition, has quit and joined the opposition. Berjasa president Datuk Wan Hashim Wan Ahmad told a news conference on Sunday that the party was dissatisfied with the coalition.
      – Agencies  -  332 words
    • 120 10 MALACCA The secre-tary-general of the Democratic Action Party, Mr Llm Kit Slang, said a general election in August was very likely If Umno won the Teluk Pasu state by-election. “If Umno wins the Teluk Pasu by-election on June 27, then there is a
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    • 360 10 Bar Council. AFP, Bernama. KUALA LUMPUR The Supreme Court on Wednesday allowed an application by the Attorney-General for permission to file a suit against a senior Bar Council official for allegedly maligning Malaysia’s top judge. Supreme Court Judge Datuk Mohamed
      Bar Council. — AFP, Bernama.  -  360 words
    • 172 10 KUALA LUMPUR The general secretary of the National Union of the PWD Employees (NUPWDE) has been given a week to reply to queries filed by two branch unions over a “missing" sum of M 5342,000 (about *****,000), The Star reported. The money was
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    • 71 10 KUALA LUMPUR A tax officer has been arrested after he was found to have savings amounting to about MS9M,OM (*****,15 t) in local banks and a bank in New York, the Berita Harlan Malaysia has reported. The dally quoted the Deputy Director-General of Inland Revenue, Datuk Hassan
      71 words


  • CAUSEWAY/ASEAN
    • 277 11  -  By ISMAIL KASSIM KUALA LUMPUR American investors have given Malaysia full marks as an attractive investment centre despite foreign reports discrediting the country, Prime Minister Datuk Seri Dr Mahathir Mohamad said this week. “Generally, American investors consider Malaysia a very good investment
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    • 125 11 cover the wound. Bernama. KUALA LUMPUR A pair of Siamese twins were successfully separated at the Kuala Lumpur General Hospital this week. The eight-hour operation was performed by Associate Professor Dr Goon Hong Kooi and a team of about 40 specialists and nurses.
      cover the wound. Bernama.  -  125 words
    • 252 11 KUALA LUMPUR The Malaysian Trades Union Congress (MTUC) is reconsidering its decision, made two weeks ago, to field candidates in future general elections after strong reaction from the unions and the government, the Malaysian Business Times reported. The president of the MTUC,
      252 words
    • 41 11 KUALA LUMPUR The opposition Democratic Action Party has appointed Mr Lim Guan Eng, the MP for Kota Melaka and son of Opposition leader Lim Kit Siang, as national chairman of the party’s Socialist Youth (Dapsy) Movement.
      41 words
    • 189 11 Bernama. KUALA LUMPUR Education Minister Anwar Ibrahim said yesterday that corruption had to be (ought at all levels. “Corruption is like cancer and tougher measures should be taken on a continued basis to fight this scourge,” he said when closing a course for Anti-Corrup-tion
      Bernama.  -  189 words
    • 173 11 The ‘very important role’ of a politician’s wife by Mahathir Bernama. IXINDON Malaysian Prime Minister Datuk Seri Dr Mahathir Mohamad has publicly praised his wife for the role she has played in his career and for the "very important" support she has given him. This tribute to Datin Paduka Dr
      Bernama.  -  173 words
    • 120 11 Proton to have Made-in-Malaysia engines Bernama. JERTIH (Trengganu) The national car, Proton Saga, is expected to have engines of its own manufactured in place of engines assembled and imported from Japan, starting from next year. Minister in the Prime Minister's department, Datuk Raja Ariffin Raja Sulaiman, said the move was
      Bernama.  -  120 words
    • 227 11 AFP. BANGKOK A Japanese news agency paid more than 3 million baht (*****,000) to interview two Japanese war veterans who joined a Malaysian communist insurgency rather than surrender after World War 11, a press report said here. The Bangkok Post
      AFP.  -  227 words
    • 275 11  -  By YANG RAZALI KASSIM: Jakarta JAKARTA An article in a new magazine for Indonesia's strategic thinkers linked to the defence establishment has criticised Thailand's new Cambodia policy. The anonymous piece in the pioneer issue of Telstra (Strategic Review) says Prime Minister Chatichai Choonhavan's
      275 words
    • 151 11 AFP. MANILA Philippine Vice-President Salvador laurel said that President Corazon Aquino must amend the constitution if she intends to run in the 1992 presidential election. Mr Laurel is expected to head an opposition ticket in the 1992 polls. The
      AFP.  -  151 words
    • 180 11 HONGKONG A change in Brunei’s law, making corporal punishment mandatory for certain offences, has made some Hongkong judges say they will not sit in the Brunei High Court. Hongkong's South China Morning Post on Wednesday quoted legal sources here as saying some
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    • 46 11 Bernama. JAKARTA Radio and Television Malaysia (RTM) plans to introduce Thai and Tagalog language lessons from August, Information Minister Datuk Mohamed Rahmat said last week. He hoped other broadcasting agencies in the region would also teach their audience the other Asean languages. Bernama.
      Bernama.  -  46 words

  • COMMENT/ Pick of the week’s editorials
    • 630 12 JUNE 3, 1988 APART from the legal merits of the ease, the judgment in the appeal of Dow Jones, publisher of the Asian Wall Street Journal (AWSJ), against the Government's decision to restrict its circulation is significant in one fundamental respect: It differed from the previous
      630 words
    • 677 12 JUNE 2. 1989 NECESSITY, convenience and status all rolled into one is what a car means to Singaporeans. said Mr Abdullah Tarmugi, MP for Siglap, in Parliament on Tuesday. We will put it another way: Welcome to an upwardly mobile society where the average man wants
      677 words
    • 639 12 JUNE 1. 1989 A HUNDRED flowers did not quite bloom nor a hundred schools of thought contend in the House when Parliament convened for two days to debate the Government’s latest measures to curb car usage. But 28 speakers did rise to speak, some with the harshest
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    • 634 12 CLEMENTI CLEMENTI is by long odds an unusual name for a person. Its other variants, Clement and Clementine, are more familiar with us. Against such odds there were curiously enough two British governors named Cecil Clementi in outcolonial history. Or rather and
      634 words
    • 156 12 “What this statue tells the government is: Do something to stop us or let us humiliate you for longer.” Chinese student on the Statue of Democracy which has been erected in Tiananmen Square in Beijing. “I would like to suggest in all seriousness to the ministry (of Communications
      156 words


  • TIME$
    • 423 14  -  By R. RAJENDRAN THE Singapore dollar is exported to strengthen against other major currencies over the next two months, in tandem with the recent surge of the US dollar, hankers here say. Rut the rise will be smaller than the huge gains
      423 words
    • 406 14 Meek ended May 26 Compiled by Business Times Final results Gross Group net Year to Company dividend profit/loss 000) Bata 23 (22) M$5,869 ($5.5000 Dec 88 City Dev 15 (13.5a) $24,889 ($23,849) Dec 88 Guthrie GTS $1.117L ($8.8880 Dec 88 H leong Fin 10(7)
      Business Times  -  406 words
    • 386 14  -  By SHARON LAU WITH another $l7B million in hand, all the vital ingredients are in place for work to resume on property group Hong Fok Corporation's long-delayed multi-million Concourse project along Beach Road. The group this week announced that the project will
      386 words
    • 397 14  -  By DAMIEN LIM IN A special distribution of the profit made from the sale of Inchcape House, trading group Inchcape Bhd is giving its shareholders a first interim dividend of 25 per cent. The sale of the group’s flagship building in Alexandra
      397 words
    • 236 14 AFP HONGKONG Eight past officials of the Hongkong Stock Exchange, including former chairman Ronald Li. on Wednesday faced four additional corruption charges, bringing to 17 the total number of allegations against them. Also appearing in the Central Magistracy was Li's son, Alfred, accused
      AFP  -  236 words
    • 84 14 Rubber Closing prices (cents/kilo) Singapore 183 50 July down one cent Malaysia ***** July down 1 50 cents Palm oil Crude palm oil (M$/tonne) June 925 (south) 917 50 (north) Refined palm oil (US$/!omw) RBD Palm Oil June 365 (sellers) July/August 360 (sellers) RBD Olein June 372.50 (sellers)
      84 words
    • 258 14 JAPANESE electronics giant Hitachi has made Singapore not just its regional head office but also the telecommunications hub for its regional operations. This means that all of Hitachi’s offices in the region from India to Taiwan are linked to its Tokyo headquarters via Singapore.
      258 words
    • MARKET TALK
      • 418 15  -  Deputy chairman given extra duties instead By Conrad Raj- IN A radical departure from recent practice, the Straits Trading Company, largely an investment holding company with an important tin-smelting operation, appears to have decided that it no longer needs a chief executive
        418 words
      • 304 15 I FIND Wing Tai Holdings’ decision not to disclose the identity of the third party in the recent purchase of Supreme House in Penang Road strange, to say the least. Why was the company so shy to reveal that
        304 words
    • 431 15 SFCCI 'as weak now as when it started’ SINGAPORE’S ethnicbased business chambers should make a greater commitment to the Singapore Federation of Chambers of Commerce and Industry (SFCCI) as the country needs a strong sin- glc group to protect and promote
      431 words
    • 172 15 COUNTER RATES Singapore dollars to one unit of foreign currency Buying 00 Selling US dollar l 9395 1 9585 Sterling pound 3 0484 ***** Australian dollar l 4559 1 4953 Canadian dollar l 6057 1 6341 N7 dollar 1 1293 1.1633 Singapore dollars to 100 units of foreign
      172 words
    • 514 15 Sharemarket review THE Singapore stock market brushed aside the continued unrest in China and the weakness of the Hongkong and Tokyo markets to end the week with healthy gains, and the Straits Times Industrials Index was back again in 1,300-plus territory On the
      514 words
    • 196 15 THE Sembawang group of companies is poised to break new ground in the Indonesian market in a big way with the formation of a new investment holding company called Sembawang Indonesia. To realise its ambitions, the group has also enlisted the help
      196 words
    • 105 15 LOCAL department store, Tangs, has scored a first by being asked to join the largest European-based department stores group. The Intercontinental Group of Department Stores (IGDS), formed 43 years ago and based in Switzerland, includes renowned stores such as Selfridges of liondon, Au Printemps of
      105 words
    • 6560 16 AN shares quoted have a par value of $1, unless otherwise specified. Adjusted for scrip/rifhts. N Tai-eiempted dividend. P/E ratios and cross yields of foreign shares are adjusted for currency differences. Trustee stocks under CPF Approved Investment Scheme, t Margin stocks. ABN is traded m lots of
      6,560 words
    • 295 17 Manager's prices for June 3 5 Singapore Unit Trust The Commerce 1 12I 19xd The Savings fund 1 00 -1 06 Spore Prog Fund 0 46 0 50 Spore Set fund 0 76Spore Invest fund 0 ***** Spore Equity fund 0 64 0 58 Asia Unit Trust Mai
      295 words
    • 684 17 Friday June 2 MKS Amoy Properties 296 -0 025 Asia Sec Int'l 2 30 -0 05 Asia Sec War 91 059 -0 01 1580 -0 10 Bond Corp Int'l 1 78 0 02 Bond Corp War 91 0 196 -0 004 es oo -0 50 Care de Coral 1
      684 words
    • 58 17 THE .Straits Times industrials Index rose 35.63 points on the week to 1,315.21 points. Day-to-day indices: MONDAY: 1,265.49 points (down 4.99); 58.27 m units (value $113.29m): TUESDAY: 1,278.17 points (up 12.68); 51.46 m (sU6.l7m); WEDNESDAY: 1,279.24 (up 1.97); 48.37 m ($117.97m); THURSDAY: 1,292.94 (up 13.7); 78.47 m
      58 words
    • 53 17 THE New Straits Times Industrials Index rose 79.61 points on the MONDAY: 2,192.42 points (up 7.59); 19.91 m units (value M542.15m); TUESDAY: 2,297.84 points (up 15.42); 19.85 m (Ms43.S7m); WEDNESDAY: 2,221.15 (up 13.31); 32.6 m (M565.44m); THURSDAY: 2,247.49 (up 26.25); 59.36 m (M565.93m); FRIDAY: 2,264.44 (up 17.94);
      53 words
    • 50 17 THE Hongkong Hang Seng Index plunged another 99.29 points to 2,675.38 on the week. MONDAY: 2,845.91 points (up 79.34); turnover HK52.94 billion; TUESDAY: 2,895.46 (down 39.55); HKSI.I4 billion; WEDNESDAY: 2,743.87 (down 11.59); HK5921.99 million; THURSDAY: 2,689.98 (down 53.89); HKtl.2 billion; FRIDAY: 2,675.38 (down 14.6); HK11.42 billion.
      50 words
    • 582 18  -  Underwriters back out of HKs3.Bb deal By CATHERINE C. ONG, Hongkong Corespondent HONGKONG The political turmoil in China has claimed its first major victim in the Hongkong stockmarket. A group of underwriters, including large hanks here and companies controlled by tycoon Li
      582 words
    • 90 18 YACHT maker GB Holdings sailed through the last financial year with a further improvement in its pre-tax profit to a record $11.17 million. The figure represents a 24-per cent improvement over the previous year’s earnings and the fifth consecutive year of earnings
      90 words
    • 33 18 Department said. Bernama. KUALA LUMPUR Malaysia's rubber output in March dropped by 12.309 tonnes to 98,186 tonnes, compared with February's production of 110,495 tonnes, the Statistics Department said. Bernama.
      Department said. Bernama.  -  33 words
    • 283 18 Business Times. MALAYAN CREDIT Ltd’s proposed one-for-three bonus issue of up to 77 02 million ordinary shares has been cleared by the Stock Exchange of Singapore and shareholders. The property-based group announced on Monday that the SES has granted it an in-principle
      Business Times.  -  283 words
    • 166 18 JACK Chia-MPH Ltd, the diversified group best known for its MPH bookstores, raked in $36.61 million after almost three-quar-ters of its warrants had been converted to shares by Wednesday’s expiry date. Share holders of 29.76 million units of the transferable subscription rights exercised their rights
      166 words
    • 1376 18 Current Ex Book* Dale Total tor Total tor payment date ctoae payable tha year laet year A Enterprise* 6%lhl Moy 3 May 18 Jun 8 10% Amcol 10% Jun 16 Jun 28 Jul 12 10% 9 1%(ol Asiatic Dev 35% Moy 22 Jun 5 Jul 4 5 5%
      1,376 words
    • 449 19  -  By DAMIEN LIM HE Stock Exchange of Singapore's new by-laws on (lirect business, or married deals, have caused a stir in the stockbroking community. Brokers complained they are losing internal business with the new ruling that any direct transactions involving less than
      449 words
    • 138 19 THE Hour Glass Ltd is paying $4.42 million for one of its downtown watch boutiques a 1,227-sq-ft shop lot in Feniasula Plaza. The retailer of luxury watches and expensive jewellery said this week said the acquisition was in line with its
      138 words
    • 333 19 TAN SRI Khoo Kay Peng, who made headlines with a surprise $36-million settlement recently for former Pan-Electric Industries director Peter Tham, has dismissed reports that he is stepping down as Chief Executive Officer of Malayan United Industries (MUI). Mill’s Public
      333 words
    • 134 19 KUALA LUMPUR The Kuala Lumpur Tin Market (KLTM) price yesterday rose 19 sen (34 Singapore cents) to close at M 527.58 a kg on persistent brisk European demand, brokers said. "The market reacted bullishly to a buoyant re-start to LME (London
      134 words





  • Page 19 Advertisements
    • 742 19 REACH SINGAPORE FROM HOME To advertise, contact our representatives below: MALAYSIA: The New Straits Times Press (M) Bhd 31 Jalan Riong, Kuala Lumpur ***** Tel: *****44 Sable New Times' Tlx: MA ***** Fax 03 *****34 U.K.: Mr John Armour/Mr R Ramesh The Straits Times Press (London) Ltd 102-106 Temple Chambers,
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  • FORUM
    • 294 20 I REFER to the letter “They're in a different class” (ST, May 12). “A Teacher's Son" said it was unfair to make a comparison between a teacher and a nurse and asserted that teachers are in a different class. I disagree. Are not teachers and
      294 words
    • 175 20 FROM July 1, we will consider for publication only letters from readers who will use their own names, Instead of a pseudonym or initials. We will, however, consider waiving the rule in exceptional circumstances, such as when identification Ls likely to pose a very real threat
      175 words
    • 420 20 AS A Singaporean living abroad, I am always very glad to see any international recognition of Singaporeans acknowledged and honoured in The Straits Times. We are a small, young nation, but we have produced some fine people whose recognition overseas reinforces our
      420 words
    • 346 20 I REFER to the letter by "No Longer Silent” (ST. May 12), pointing out what I he perceived to be an anomaly in the secular policy of the Government in relation to the weekly halfhour Christian religious broadcast over radio. The
      346 words
  • Page 20 Advertisements
    • 235 20 Now, keeping in touch with what’s happening in Singapore couldn’t be easier. Or more economical. Because all the major news of every week is condensed into one paper. The Straits Times Weekly Overseas Edition. Printed on lightweight paper in convenient tabloid size, it fills you in on the latest in
      235 words

  • Page 21 Advertisements
    • 798 21 4 APPOINTMENTS w4i a .w--«Mivr" Our Modern Factory Was Officially Opened Yesterday L* r >- You Have Our Total Commitment This is manifested in a solid, ultra-modern factory building our very own plant in Singapore. W'e have plans to stay here and be the largest manufacturing base in the world
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  • Page 22 Advertisements
    • 829 22 APPOINTMENTS (£l htec City Development Pte. Ltd. Developer of a new billion dollar SINGAPORE INTERNATIONAL CONVENTION AND EXHIBITION COMPLEX comprising convention and exhibition facilities, office buildings, a deluxe hotel, shopping and entertainment facilities at the Marina Centre The company invites suitably qualified candidates to apply for the under mentioned appointments.
      829 words

  • TIMESPORT
    • 650 23  -  Moves to ensure we are heading in right direction By ALBERT JOHNSON MORE than half the 43 recommendations by the Advisory Council for Sport and Recreation have been implemented. And the Singapore Sports Council has set up four committees (see boxes) to
      650 words
    • 320 23 FORMULA One motor racing will come to Singapore, which has been given the green light to stage a leg in the World Championship Grand Prix in 1991 or in 1992, at latest. It will be one of only
      320 words
    • 85 23 SINGAPORE’S leading professional golfer M. Murugiah can now concentrate all Ids energies on the game thanks to a generous sponsorship from the Wilson Sporting Goods Company. Under the terms of a contract signed this week, Wilson, a large sports goods concern in the United States, agreed
      85 words
    • 133 23 SINGAPORE’S world No. 34 squash player Peter Hill (above) will be representing the Republic in both the East Asia and World Open championships. The misunderstandings which had threatened Peter's participation in the two tournaments were resolved at a meeting between him and two
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    • 483 23 SUDIRMAN CUP BADMINTON AFP JAKARTA Hosts Indonesia beat South Korea 3-2 here last Sunday in an exciting touch-and-go final to take the inaugural Sudirman Cup World Team badminton championships. Eddy Hartono and Verawaty Fajrin gave the home team the title when
      – AFP  -  483 words
    • 278 23 THE South Korean team held a press conference on Wednesday to reaffirm their denial of a rumour that their leading women's player had been slapped by her coach. The “star” of the face-the-press session at the Lstora Senayan’s Press Centre
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  • 424 24 Artistrobot sketches EDB head THE latest robots from Japan are in town, able to do an amazing variety of tasks, but taking the cake is this "artistic” one from Asia Matsushita Electric. The artist-robot, complete with beret, welcomed Economic Development Board Chairman Philip
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