The Straits Times : Weekly Overseas Edition, 22 July 1989
1989-07-22
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The Straits Times : Weekly Overseas Edition
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Title Section20 1989-07-22 1 The Straits Times WEEKLY OVERSEAS EDITION SATURDAY, JULY 22, 1989 Price: 551.20 (in Singapore) Elsewhere by subscription only MCI(P) 42/8/8820 words
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684 1989-07-22 1 Appeals on TV, radio, and by leaflets to illegal workers, overstayers to surrender THE embassies of Thailand and the Philippines, and the Indian High Commission, swung into action this week to inform their nationals who are overstayers, or are illegally working in Singapore,684 words
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Article, Illustration325 1989-07-22 1 President Wee grants him pardon after he drops appeal PRESIDENT Wee Rim Wee yesterday granted clemency to Somkid Ramjan, the Thai Illegal worker whose sentence of caning and jail provoked an uproar in Bangkok. Karlier, Somkld’s counsel dropped his appeal325 words
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Article96 1989-07-22 1 61 spend more time anticipating and avoiding trouble, disasters and accidents than anybody else, because I will be the one saddled with the responsibility of extricating my people from any mess. If I were given to light-hearted thinking, Singapore would have come a cropper a long time ago. But96 words
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882 1989-07-22 1 MR LEE Kuan Yew last night reiterated the vital importance of keeping money politics out of Singapore and spelt out three cardinal rules for ensuring that Singapore politics remains corruptionfree. Speaking at the People’s Action Party’s first-ever and one-off fund-raising dinner,882 words
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Advertisement75 1989-07-22 1 rr 31b? JW Ml rajrypnyacya» hi«n 7 4* Membership has its privileges' HOME sl6m heroin haul in 3 Aids test for foreigners seeking jobs in Singapore? PAGE 4 NUH unit grows womb, fallopian tube cells in lab PAGE 6 CAUSEWAY Malaysia hangs Briton for drug trafficking PAGE 10 TIMESDOLLAR Wearnes’75 words
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NEWS FOCUS
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Article, Illustration429 1989-07-22 2 Msl.sb project will join Gelang Patah to Jurong JOHOR BARU NST THE Malaysiar Government has approved the building of a MSI.S billion (SSI.OB billion) second link with Singapore between Gelang Patah in Johor and Ju tong. The Malaysian Deputy Works Minister DatukNST - 429 words
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Article, Illustration437 1989-07-22 2 NARENDRA AGGARWAL - More companies will expand across the Causeway By NARENDRA AGGARWAL LOCAL business leaders have responded enthusiastically to the plan to build a second Johor-Singapore link, which they say, will open up many new business opportunities. Mr Robert Chua, cochairman of the Johor-Sin-gapore Joint Committee on437 words
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675 1989-07-22 2 CATHERINE C. ONG - Singapore’s new immigration policy J By CATHERINE C. ONG Hongkong Correspondent HONGKONG Some 300,000 application forms for emigration to Singapore have been handed out to Hongkong residents since the Government announced more liberal visa rules last week. The forms were distributed mainly through a three-day675 words
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245 1989-07-22 2 A 'new Hongkong near Darwin? Not likely Canberra will accept idea AP. DARWIN Australia’s sparsely-populated Northern Territory Is considering a proposal by a group of Hongkong businessmen for large-scale migration from the British colony to its arid roast. But In CANBERRA, sources said that it was extremely unlikely that theAP. - 245 words
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HOME
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Article, Illustration456 1989-07-22 3 LEONG CHAN TEIK - ‘Half-tank’ story with a new twist By LEONG CHAN TEIK A MALAYSIA tered car with half a tank of petrol was seized on last Sunday not because of the halftank rule, which applies only to Singapore cars. The reason was that $l6456 words
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Article76 1989-07-22 3 JAPANESE expatriate and his woman companion were injured when their car crashed through the barriers of a multi-storey carpark and plunged 15 metres before landing on another car. The 30-year-old bank underwriter and his passenger, Miss Jenny Soh, 22, a lounge waitress, were warded at the76 words
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Article, Illustration208 1989-07-22 3 SINGAPORE Airlines’ managing director, Dr Cheong Choong Kong, is the new chairman of the Singapore Broadcasting Corporation. His appointment, made by the President, is to replace Mr Yong Pung How, who resigned as chairman of SBC on his appointment as a judge208 words
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78 1989-07-22 3 A BUSINESSMAN was charged with giving his wife a fractured nose when he pulled her hair with both hands and pushed her face against his right knee when they were in his office. No plea was taken from Koh Choon Meng, 41, who allegedly78 words
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Article156 1989-07-22 3 A BUSINESSMAN, whose car bumped twice into the car in front at the traffic lights, punched and kicked the other motorist during a scuffle which followed, a court heard. Goh Yan Cheow, 36, was fined $l,OOO for hurting Mr Ong Yeow Siong, 32, an156 words
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356 1989-07-22 3 EACH month, for over six years now, a 52-year-old building contractor sets aside $4OO for the tickets. And for the last 12 years, a domestic servant who earns about $2OO a month has been buying about $3O worth of tickets each month. The356 words
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143 1989-07-22 3 PASSENGERS holding confirmed tickets who are not given a seat because of overbooking and are not placed on an alternative flight that leaves within four hours will be compensated up to $3OO from August 1. According to the Board of Airline Representatives (BAR), all143 words
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Article78 1989-07-22 3 FOUR men, three of them masked and all armed with knives, stormed a hair salon in Changi Road, and escaped with about $17,000 in cash and valuables on Sunday evening. The hold-up took place as owner Carol Ang Yeng Fong, 25, was closing the salon. On78 words
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348 1989-07-22 4 FOREIGNERS who want to work here may have to take the Aids test in future. The Ministry of Health is considering introducing tests for acquired immune deficiency syndrome as a preventive measure, to curb the spread of the deadly disease here. But348 words
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401 1989-07-22 4 FORMER lawyer Munusamy Sugunaretnam, 55, was sentenced to 15 months' jail for misappropriating $69,738 from his clients' and office accounts in 1986. Two weeks ago. Sugunaretnam admitted criminal breach of trust of the amount at his former law firm of M. S. Retnam Company401 words
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387 1989-07-22 4 CHUA CHONG JIN - By CHUA CHONG JIN SINGAPORE’S Mighty Mouse valiantly beat the finest competitors from all over the world including those from the prestigious Massachusetts Institute of Technology (MIT) in a “rat race" in London Competing for the very first time, the mechanical mouse387 words
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202 1989-07-22 4 SCHOLAR-SPORTSMAN Oon Jin Teik has received yet another award in the US. The 26-year-old former swimming international has been included in the prestigious Who's Who Among International Students in American Universities and Colleges. Dr Dale Olasiji, editor of the list,202 words
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255 1989-07-22 4 THANK you. Kiwis this was the farewell message from the Ministry of Defence to the departing First Royal New Zealand Infantry Regiment (1 RNZIR) In a statement on Wednesday on the redeployment of the New Zealand force, the ministry said: “Mindef would255 words
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Article, Illustration501 1989-07-22 4 A TEENAGE girl put up a violent struggle when a youth forced her to strip at knifepoint and molested her in his uncle's flat one night. The victim, now aged 19, snatched the knife from a sofa when Kevin Lee Yung Cheng,501 words
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173 1989-07-22 4 DOCTORS should think carefully before ordering an “unnecessary variety of tests”, Mr Yeo Cheow Tong, the Acting Minister for Health, said this week. Tests should be ordered only when there are good medical indications for doing so, he said. He added: “We173 words
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Article, Illustration660 1989-07-22 5 Illegal foreign workers and overstayers SEVERAL MPs have welcomed the Government’s decision to grant a final amnesty to illegal immigrants and overstayers but called for more action to tackle the problem at its root. Mr S. Chandra Das, chairman of the Defence660 words
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300 1989-07-22 5 SOME publishing firms dealing in monthly magazines, quarterlies and business directories have been hit by the recent hike in postal charges. Most seriously hit are those companies which send "non-time-sensitive" publications by surface mail. Since July 1, domestic postal rates for printed papers have increased300 words
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Article, Illustration71 1989-07-22 5 DR LIOW Yew Chye, 55 (above), the former commander of the Volunteer Special Constabulary (VSC), died on Monday. Dr Liow, who retired from the VSC last year after 29 years of service because of poor health, Ls believed to have died of cancer. I71 words
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304 1989-07-22 5 SINGAPORE took another step forward in the battle to protect the ozone layer high above by tightening control on the use of materials believed to be eroding the airborne screen. All companies which import, use, distribute or re-ex-port five particular chlorofluorocarbons (CFCs)304 words
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Article148 1989-07-22 5 SOME post offices have run out of 15-cent and 5-cent stamps because of the high demand for these denominations following the increase in postal rates. This shortage has been going on for some two weeks ever since the postage for local mail was raised148 words
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515 1989-07-22 5 Proposed National Ideology^ NINE organisations representing the major Malay Muslim groups in Singapore on Tuesday presented their views on the National Ideology to Brig-Gen (Res) Hsien Loong. In a joint statement, the nine, making up the Joint (ad hoc) Committee of515 words
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159 1989-07-22 5 A HAWKER who used mag-got-infested chilli paste to fry mee goreng and allowed cockroaches to crawl on cooked food was fined a total of $1,300 this week. Mohamed Kassim Maricar s/o Mohd Maricar, 69, has stopped operating his stall at Telok Ayer Transit159 words
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Article, Illustration553 1989-07-22 6 JULIA GOH - Two new studies could boost fertility programme success rate By JULIA GOH A SINGAPORE medical team may have achieved two world firsts when it successfully developed “artificial wombs" and "artificial fallopian tubes" in the laboratory. The National UniversityHospital team's recent accomplishments.553 words
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85 1989-07-22 6 A STANDARD Chartered Bank officer was charged on Thursday with misappropriating three share certificates valued at $37,957.80. No plea was taken from Peter Teo Bee Teck, 35. who is said to have been entrusted with three Singapore Airlines share certificates when he85 words
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305 1989-07-22 6 THE five-year spell of lowprice increases of less than 2 per cent a year may be over. Singapore's Consumer Price Index (CPI), the most common measure of price inflation, was up 2.8 per cent last month compared to a year ago,305 words
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117 1989-07-22 6 ABOUT 200 experts from 20 countries, including China, are expected to attend an international convention on urban planning, housing and design to be held later this month. National Development Minister S. Dhanabalan will open the Second International Convention on Urban Planning, Housing117 words
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190 1989-07-22 6 THREE Singapore Muslim bodies have called on the Bulgarian Government to stop violating the rights of the Turkish Muslim minority in Bulgaria. The call by the Singapore Malay Chamber of Commerce, the Muslim Missionary Society of Singapore and the Muslim Converts190 words
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Article, Illustration295 1989-07-22 6 ALBERT JOHNSON - By ALBERT JOHNSON JUSTICE Lai Kew Chai last week allowed a two-week adjournment on the hearing of the interim injunction granted by the High Court in the Haron Mundir case against the Singapore Amateur Athletic Association. The Republic’s top sprinter295 words
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256 1989-07-22 6 MORE than 100 tapes, believed to be pirated copies, were seized from the Board of Film Censors last Saturday. The raid was carried out by the Motion Picture Exporter Association of America, the police and a private detective agency. The MPEAA256 words
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814 1989-07-22 7 LYNETTE ONG - Big turnover at forum shows there’s a crying need for it, they say By LYNETTE ONG SEX education should be part of the formal school curriculum but that does not mean teaching students how to copulate. Instead, they should be given information on814 words
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Article, Illustration483 1989-07-22 7 Bail refused: ‘He has immense funds’ court told FORMER Ka Wah Bank Director Low Chang Hian, accused of criminal breach of trust involving nearly $2O million, will have to stay in remand prison until the outcome of his483 words
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179 1989-07-22 7 HOUSING Board residents and shopholders have chalked op a whopping $43.7 million in arrears for various charges and to fight the problem, the HDB will be introducing penalty fees for late payment starting from Nov 1. An HDB spokesman said: “The179 words
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313 1989-07-22 7 JULIA GOH - By JULIA GOH GEYLANG River is alive and thriving again. Once filthy and polluted, it was given a new lease of life after a clean-up and has made a dramatic metamorphosis into an attractive waterway brimming with activity and life. Where floating313 words
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231 1989-07-22 7 A SPATE of break-ins at schools in the eastern sector of Singapore came to a halt with the arrest of seven schoolboys. The gang is believed to have stolen stationery from four secondary schools Chai Chee School, Changkat Changi School, Paya Lebar231 words
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210 1989-07-22 7 GERRY DE SILVA - By GERRY DE SILVA COLLECTING cash bags from its branches is usually a routine job for the United Overseas Bank (UOB) Group. But the bank got a shock one day earlier this month when $lOO,OOO went missing from a cash bag containing $1.3 million.210 words
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97 1989-07-22 7 THE new United States Ambassador, Mr Robert D. Orr, presented his credentials to President Wee Kim Wee at the Istana last Friday. Governor of Indiana state from 1981 until last year, Mr Orr, 71, was the education advisor for President Bush’s election campaign last97 words
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502 1989-07-22 8 But it wants implementation of plan to be deferred to 1991 THE Government's proposal to change the system of financing Malays in tertiary institutions has received the in-principle support of Taman Bacaan, the Singapore Malay Youth Library Association. It agreed that502 words
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272 1989-07-22 8 QUESTIONS raised by the Malay community over the Government’s proposal to change the financing of Malay tertiary students »111 be collected and passed on to First Deputy Prime Minister (ioh Chok Tong, said Dr Ahmad Mattar. If the community felt272 words
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325 1989-07-22 8 PARTICIPANTS at a forum organised by the Singapore Malay National Organisation (PKMS) have rejected the Government's proposal to change the system of financing Malays in tertiary institutions. About 100 participants adopted a resolution condemning the proposal as an attempt to “rob325 words
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Article128 1989-07-22 8 DAMAGED car mirror led to a broken nose for a bus driver who a motorist, Cheong 800 Guan, 30. believed had caused the accident. Cheong cut into the path of the bus after the accident, which he claimed was caused by the bus driver Chua Ah128 words
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266 1989-07-22 8 Business Times. LAW firm Drew Napier, which faced a $2-million negligence suit in late 1987, has seen the end of the matter with the dismissal of an appeal by a former client to reconsider the case. The firm had already succeeded inBusiness Times. - 266 words
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143 1989-07-22 8 SECOND Deputy Prime Minister Ong Teng Cheong's trade union team, now visiting the Soviet Union, and Soviet Deputy Foreign Minister Igor Rogachev have stressed the need for more Singapore-Soviet contacts at all levels. The two sides agreed that such contacts would help deepen mutual understanding143 words
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Article, Illustration534 1989-07-22 8 THE “bottom line" in tackling the problem of Singaporeans who emigrate lies in fostering a sense of national identity and national pride, the Minister of State (Communications and Information, and Trade and Industry), Mr Mah BowTan, said on television last Monday. Once that534 words
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Article77 1989-07-22 8 A MAN duped foreign workers into paying a total of $14,000 for work permits which turned out to be forgeries. He even started a company as a front to recruit such workers illegally and supply them to local contractors. This went on for three months last year until77 words
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across the CAUSEWAY
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Article, Illustration394 1989-07-22 9 ISMAIL KASSIM - Foreign ministers in two-hour meeting BY ISMAIL KASSIM: Kuala Lumpur SINGAPORE and Malaysia have agreed to upgrade their existing in-ter-departmental committees to further strengthen bilateral ties between the two countries. Singapore’s Foreign Minister, Mr Wong Kan Seng, and his Malaysian counterpart, DatukAFP picture - 394 words
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Article118 1989-07-22 9 Bernama. FORKHiN Minister Wong Kan Seng called on the Malaysian Prime Minister Datuk Seri Dr Mahathir Mohamad, in Kuala Lumpur on Tuesday, the second day of his visit to Malaysia. During their talks, Dr Mahathir suggested that Singapore Airlines and Malaysia Airlines should ro-operate toBernama. - 118 words
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Article40 1989-07-22 9 PENANG The former chairman of the Malaysian Chinese Association’s Pe- nang branch, Mr Lee Jong Ki, has been appointed head of the party’s newly-formed S "think tank” the Penang j Institute of Strategic Analysis and Planning.40 words
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Article, Illustration358 1989-07-22 9 SEREMBAN Education Minister Anwar Ibrahim said this week he would not give in to appeals against the disciplining of students in institutions of higher learning. He said the question of student discipline at such institutions should not be turned into communal,358 words
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Article170 1989-07-22 9 KUALA LUMPUR Opposition leader Lim Kit Siang has said Malaysian Chinese who emigrated were a loss to the whole nation and not just the Chinese community, the Malaysian Shin Min Daily News reported. The Democratic Action Party secretary-general said the government should view the emigration problem170 words
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190 1989-07-22 9 Bernama NST. SUBANG Former Trade and Industry Minister Tengku Razaleigh Hamzah has said that the Spirit of ’46 political party would be going on a membership drive now that it has been registered. He said that while the membership campaign was aimedBernama; NST. - 190 words
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Article, Illustration490 1989-07-22 9 -NST. KUALA LUMPUR The opposition Democratic Action Party (DAP), after setbacks in recent by-elections, has expressed fears that its declining support could continue until the next general election, which the party expects within 10 months. It has been a feature of-NST. - 490 words
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Article90 1989-07-22 9 KUALA LUMPUR Malaysia’s population is projected to be about 35 million people by the year 2025, an increase of 21.2 million from the 13.8 million In ISBO. Statistics given by Mr Annuar Maaruf, the newlyappointed Director-General of the National Population and Family Development Board, at the Asian90 words
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CAUSEWAY/ASEAN
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330 1989-07-22 10 onts or guardian. Krrnama, NST. KI’ALA LI'MPUR The Malaysian Chinese Assortatinn has expressed concern over a Bill passed by the Selangor State Assembly on Wednesday regarding the age of consent for non-Muslim minors. The MCA fears that the Bill mayonts or guardian. _ Krrnama, NST. - 330 words
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200 1989-07-22 10 AFP KUALA LUMPUR Malaysia has denied pushing out Vietnamese boat people landing on its shores, a move refugee officials claim had resulted in at least one death. “I have not heard of any push outs. We continue to respect the principleAFP - 200 words
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Article, Illustration318 1989-07-22 10 He spent his last hours clutching picture of daughter Bernama, AP. KUALA LUMPUR Convicted British drug trafficker Derrick Gregory spent the last hours of his life clutching a photograph of his sev-en-year-old daughter before he was hanged at Kajang Prison atBernama,; AP. - 318 words
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Article116 1989-07-22 10 Bernama KUCHING Sarawak police have denied rumours that headhunters were roaming in parts of the state looking for victims. A police spokesman said the rumours could have started when some salesmen from a publishing agency launched a vigorous sales promotion in the Bintulu division. “SomeoneBernama - 116 words
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Article, Illustration361 1989-07-22 10 WHETHER the US bases in the Philippines are to remain after 1991 when the current lease on them expires should be decided not just solely on exclusive Filipino interests. The interests of the other Asean countries should also be considered because the361 words
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Article127 1989-07-22 10 AP MANILA President Corazon Aquino has accused the foreign press of tarnishing the conn try's image and said her trips abroad were necessary to counter hostile reporting. She told the Manila Overseas Press Club that the 1986 uprising that toppled President Ferdinand Marcos and propelled herAP - 127 words
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361 1989-07-22 10 Yang Razali Kassim - By Yang Razali Kassim, Jakarta Correspondent JAKARTA In the midst of intense domestic interest here in the succession issue, an Indonesian paper has given top marks for Singapore's handling of its own leadership transition. The Suara Pembaruan newspaper, in an editorial on361 words
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Article63 1989-07-22 10 ABBY TAN - ABBY TAN. MANILA President Corazon Aquino will visit Malaysia, possibly next month, to thrash out the still unresolved problem of conflicting claims on Kahah, the main irritant In relations between the two countries. Speaker Ramon Mitra said the President had appealed to key congressional leaders to63 words
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COMMENT/ Pick of the week’s editorials
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Article655 1989-07-22 11 JULY 22. 1988 TOMORROW is judgement day” for Japan’s ruling party, the Liberal Democratic Party. The Japanese people will go to the polls to elect 126 members of the Upper House of the Japanese Parliament. It will be a great surprise if the LDP succeeds655 words
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Article590 1989-07-22 11 JULY 21. 1989 NEW ZEALAND must now determine whether its follow-up commitments on defence are as elaborate as its troops’ farewell celebrations. After 35 years in Singapore and various send-off activities, its soldiers will leave next month. In closing statements of similar tone, both countries affirmed590 words
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Article655 1989-07-22 11 JULY 20, 1989 SO THE Government finally announced, on Monday, what has been in the offing for some time now a final amnesty to allow illegal workers and overstayers one last chance to be repatriated to their home countries. Sounds familiar? For those with655 words
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483 1989-07-22 11 SEEN AND HEARD WHAT’S in a name? Take, as a starter, Hongkongers. This word, I observed, has of late been in recurring use by The Straits Times in news reports and articles from Hongkong on topics vis-a-vis Singapore’s recent relaxation of immigration483 words
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Article194 1989-07-22 11 “What a rancid lot is this parliament. There are no votes in Hongkong. Entry into a football ground was evidently a more important issue than entry into Britain.” The Mail on Sunday accusing the British House of Commons of giving greater priority to an identity card scheme for194 words
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COMMENT/ Perspective
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Article, Illustration4503 1989-07-22 12 THE profound changes now going on in the Soviet Union, free and fair elections in Cambodia after the Vietnamese withdrawal and institutionalising what the prime ministers of Singapore and Malaysia have built up are some of the current global and regional issues4,503 words
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TIME$
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Article, Illustration391 1989-07-22 14 GRACE CHNG - $5OO million in sales expected in next 12 months By GRACE CHNG SINGAPORE BASED multinational Wearnes Technology this week announced a new line of low-cost personal computers with a projected sales revenue of about $5OO million over the391 words
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275 1989-07-22 14 Bank of Japan. Bntdnetw Times. THREE of Singapore’s top companies have improved on their rankings in the latest listing of the world’s most valuable companies in terms of market capitalisation. Global 1006, a ranking by I S-based business magazine Business Week, showsBank of Japan. — Bntdnetw Times. - 275 words
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676 1989-07-22 14 GRACE CHNG - INTERVIEW with IF TANG, Chairman, Wearnes Tet'h, and Executive Chairman. Wearne Brothers GRACE CHNG. IT WAS up on the 41st floor of OCBC Centre that Mr I. F. Tang. 65, planned and masterminded the successful transformation of Wearne Brothers from a car distributor676 words
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561 1989-07-22 14 DOREEN SEOW - By DOREEN SEOW FULL control of cash-rich flour milling company, Prima Ltd, may soon return to the man who founded it nearly 30 years ago, industrialist Cheng Tsang Man. This could result from the $l6O-million general offer for Prima being561 words
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Article166 1989-07-22 14 COUNTER RATES Singapore dollar* to ona unit of foreign currency US dollar Buying OD I 9470 Selling 1.9660 Sterling pound 3.1433 3.1967 Australian dollar 1 4489 1.4883 Canadian dollar 1 6330 1.6619 NZ dollar 1 1015 1.1354 Singapore dollar* to 100 unit* of foreign currency Austrian schilling 14166 words
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Article, Illustration456 1989-07-22 15 DOREEN SIOW - By DOREEN SIOW THE much delayed and talked about $BOO-million Orchard Square, which has since been renamed Ngee Ann City (NAC), finally got off the ground this week with several signing ceremonies including one with bankers. The Big456 words
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310 1989-07-22 15 business projects. Business Times. FRASER NEAVE Ltd has estimated that it will save $2.7 million annually in interest charges as a result of its proposed $2OO million fund-raising programme announced a month ago. The beverage group will also see net borrowings turnbusiness projects. — Business Times. - 310 words
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519 1989-07-22 15 LILIAN ANG and; LEE HAN SHIH - By LILIAN ANG and LEE HAN SHIH Business Times. ORCHARD ROAD retailers stand to lose at least $4OO million worth of business every year to the Japanese chain Takashimaya when it opens its first outlet in Singapore in late 1992 or– Business Times. - 519 words
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Article118 1989-07-22 15 Rubber Singapore 177 00 August down 2.50 cents Malaysia 252.50 August up 1.50 cents Palm on Crude palm oil (M$/tonne) July 750 (south) Refined palm oil (USJ/tonne) RBD Palm Oil August 302.50 (sellers) September 302.50 (sellers) RBD Olein August 307.50 (sellers) September 307.50 (sellers) Oct/Dec 310 (sellers) RBD Stearin118 words
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691 1989-07-22 15 Sharemarket review AFTER hitting yet another new post-1987 Crash high in heavy trading on Wednesday, the Singapore market took a breather and ended weaker on Thursday and yesterday on profit-taking. The Straits Times Industrials Index hit a new postCrash high of 1,369.02691 words
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Article6706 1989-07-22 16 hi shares quoted have a par value of SI. unless otherwise specified Adjusted for scrip/ri(hts. N Tax exempted dividend. P/E ratios and gross yields of foreign shares are adjusted for currency differences. Trustee stocks under CPF Approved Investment Scheme t Margin stocks ABN is traded in lots6,706 words
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Article307 1989-07-22 17 Manager's prices for July 22 24 Singapore Unit Trust The Commerce 1 16 123 The Savings Fond 1 04 1 1C Spore Prog fund 0 470 51 Spore Sec Fund 0 77--0 82 Spore Invest fund 0 83 -0 88«d Spore Equity fund 0 56 0 6C Asia307 words
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Article662 1989-07-22 17 Friday July 21 HKt 290 Asia Sac lnt'1 1 94 •0 06 Asia Sec War 91 051 ■0 05 Bank of EA 14 90 -0 40 Bond Corp Ini I 1 73 -0 03 Bond Corp War 91 096 -0 70 Cable Wireleaa 93 00 •0 50 1 42662 words
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Article65 1989-07-22 17 THE Straits Times Industrials Index dropped 1.51 points on the week to 1,361.11 points. Day-to-day indices: MONDAY: 1,359.60 (down 4.56); 136.44 m units (valued 9259.84 m); TUESDAY: 1,361.61 (up 2.61); 149.76 m units (5244.61 m); WEDNESDAY: 1469.62 (up 7.41); 147.46 m units (9229.47 m); THURSDAY: 1,365.39 (down65 words
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Article59 1989-07-22 17 THE New Straits Times Industrials Index rose 4.66 points on the week to 2461.34 points. MONDAY: 2452.63 points (down 4.11); 38.768 m units (valued M967.461m); TUESDAY: *****6 (up 5.73); 39.164 m units (M968.723m); WEDNESDAY: 2468.06 (up 9.7); 58.339 m units (M999.135m); THURSDAY: 2468.43 (up 6.37); 62.669 m59 words
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Article47 1989-07-22 17 THE Hongkong Hang Seng Index lost 26.37 points to 2,495.74 on MONDAY: 2462.64 points (down 13.47); turnover HK9861.62 million; TUESDAY: 2465.48 (up 2.84); HK9296 million; WEDNESDAY: 2447.16 (up 41.62); HK91.66 Milton; THURSDAY: 2443.68 (down 4.62); HK91.42 billion; FRIDAY: 2,495.74 (down 4744); HK9943 million.47 words
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594 1989-07-22 18 FINANCIAL institutions operating in Hongkong are exploring the possibility of moving to Singapore in the wake of uncertainties over the colony’s future, according to the Monetary Authority of Singapore (MAS). An MAS spokesman said: “Some have already approached the MAS about594 words
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247 1989-07-22 18 DEVELOPERS are cashing in on the heightened interest of Hongkong investors in the property market here by launching their Singapore projects in the colony even before they are launched locally. Property consultants Richard Ellis, for example, took out an advertisement the South China Morning247 words
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170 1989-07-22 18 BRUSSELS The European Community is re-opening an investigation into allegations that Singapore is dumping its exports of ball bearings on EC markets. An anti-dumping duty of 33.89 per cent was imposed on Singapore's ball bearing exports to the EC in170 words
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Article614 1989-07-22 18 Current Ex Books Date Total lor Total lor payment date close payable the year last yaar Aiex Hldgs 6% 161 A«g 29 Sep 8 Sep 26 6% 6% Avimo !0%TElll Oct 16 Oct 26 Nov 15 10%TE 25% TE B Sembowong 35% lm) Jul 21 Aug 2 Aug614 words
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Article388 1989-07-22 18 Week ended July 14. Compiled by Business Times. Final results Gross Group net Year to Company dividend profit/loss (’000) General Corp M$2,904L ($7,286L) Jan 89 Harrisons Msia 16 (10) M$149,622 ($85,527) Mar 89 Preliminary results Gross Group pre-tax Year to Company dividend profit/loss (’000) Pelangi Bhd NYA (7)Compiled by Business Times. - 388 words
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314 1989-07-22 18 Busisness Times. INTER-PACIFIC Industrial Group Bhd has sold a 20 per cent stake in subsidiary Berjaya Corporation (M) Bhd to raise money for the subscription of the latter’s proposed rights issue. The disposal of 42 million Berjaya shares for a total considerationBusisness Times. - 314 words
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508 1989-07-22 19 SHAUN SEOW - By SHAUN SEOW QUELLING fears in some quarters of an impending glut of plastics raw materials, Anglo-Dutch oil giant Shell said its plans for a new olefin joint-venture plant in Indonesia will not affect its petrochemical operations in Singapore. Shell announced last508 words
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362 1989-07-22 19 FOREIGN investment commitments in manufacturing fell by 4.9 per in the first quarter this year but local investments soared by 34.9 per cent. latest figures from the Economic Development Board showed that in the first three months of the year, total foreign investment362 words
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155 1989-07-22 19 HOTEL Properties, which is rapidly expanding, has received shareholders’ approval to raise more money with a l-for-2 rights issue. The rights issue of up to 112 million new $1 shares, which will be accompanied by detachable warrants entitling the holders to subscribe for155 words
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Advertisement740 1989-07-22 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 Cable 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,740 words
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FORUM
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361 1989-07-22 20 Pros and cons of new policy and a plea for ‘foreigner’ spouses On the Government’s relaxed immigration policy SINGAPORE can expect an influx of as many as 100.000 immigrants in the next five to eight years from Hongkong. They will consist of technicians, craftsmen, skilled workers, white-collar workers, self-employed l>eople361 words
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363 1989-07-22 20 AS WITH most of my friends and colleagues, I read with amazement and worry the Government’s relaxed immigration policy and the recent overwhelming response from Hongkong. I hope the Government, while reaching out to fill job vacancies here, will be careful and363 words
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159 1989-07-22 20 I READ with trepidation the recent articles in the press concerning the thousands of Hongkongers seeking permanent residence in Singapore. It also brought tears of pride that I am a Singaporean and there are thousands of people wanting to make Singapore their home too.159 words
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153 1989-07-22 20 PERMIT me to express, as a Singaporean, my bewilderment and indignation at the inconsistencies of some of our polices. The Government has of late quite rightly stressed the importance of family togetherness: husband and wife, children and even grandparents living together as one153 words
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Page 20 Advertisements
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Advertisement248 1989-07-22 20 The Straits Times «((.«it ovinst** tomow 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, it248 words
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Advertisement141 1989-07-22 20 Dear Readers THE Straits Times welcomes letters from you. Your letters must include your signature, full name, address, and home and office telephone numbers. They should preferably be typed, doubled-spaced, on one side of the paper. Brevity is an advantage. We do not accept for publication letters copied to us141 words
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Page 21 Advertisements
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Advertisement1285 1989-07-22 21 APPOINTMENTS NATIONAL UNIVERSITY er OF SINGAPORE DEPARTMENT OF MEDICINE Applications are invited for teaching appointments in the Department of Medicine Candidates should possess an approved basic medical degree with recognised higher professional/academic qualifications and have experience in cardiology. Gross annual emoluments range as follows: Lecturer 5553.160 64,200 Senior Lecturer S1,285 words
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Page 22 Advertisements
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Advertisement1191 1989-07-22 22 APPOINTMENTS CHASE OFFICERS FOR ASSET LIABILITY MANAGEMENT SERVICES In line with the growth of our Asset Liability Management Services (A division of Chase Financial Technology) based in Singapore, we require additional Professional staff to market our Asset Liability Management Services products throughout South-East Asia. Successful candidates will be responsible for1,191 words
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TIMESPORT
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Article, Illustration627 1989-07-22 23 And Kelantan’s Indonesian star Robby is out for season No-nonsense crackdown on unruly spectators and errant players NST KUALA LUMPUR The Johor Football Association was fined M 515,000 ($10.8(H)) and Kelantan's Indonesian professional Robby Darwis was banned forNST - 627 words
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Article, Illustration507 1989-07-22 23 PAHANG’s gamble on Asian rather than European footballers to boost their Malaysia Cup hopes has paid off so far. Their three Thai players have scored eight of the nine goals in their four matches. And the inaugural SemiPro Division One Malaysia Cup507 words
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Article, Illustration375 1989-07-22 23 an ankle injury. — JOE DORAI - KUALA LUMPUR 1 SINGAPORE 1 an ankle injury. JOE DORAI. AFTER showing courage in last week’s earlier bruising encounter with Kelantan, Singapore displayed confidence last Saturday against Kuala Lumpur. Despite conceding a 29thminute goal to the Malaysia Cup champions, favourites for the inaugural Semi-Pro Division One375 words
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Article, Illustration650 1989-07-22 24 Three weeks to register at embassies and be repatriated THE Government has decided to give all illegal overstayers here “one last chance” to leave without punishment. These offenders have three weeks from last Monday to give themselves up and650 words