The Straits Times : Weekly Overseas Edition, 12 August 1989
1989-08-12
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The Straits Times : Weekly Overseas Edition
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Title Section20 1989-08-12 1 The Straits Times WEEKLY OVERSEAS EDITION SATURDAY, AUGUST 12, 1989 Price: 551.20 (in Singapore) Elsewhere by subscription only MCI(P) 42/8/8820 words
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Article704 1989-08-12 1 THE Singapore economy turned in a surprisingly strong performance in the first six months, growing by a higher-than-expec-ted 9.1 per cent. With the robust first-half showing, the Ministry of Trade and Industry moved up704 words
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Article, Illustration870 1989-08-12 1 SINGAPORE has to encourage selective immigration for its own long-term good, Mr Lee Kuan Yew told the nation in his National Day message on Tueday night as he reported brisk economic growth for the first six months of this year. The good news he870 words
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Article, Illustration339 1989-08-12 1 A BANKER and a bank-er-turned-judge head the honours list of people given National Day awards this year. Banker Lee Hee Seng, who chairs the Public Service Commission and Mr Justice Yong Pung How, the former chairman of the Singapore Broadcasting Corporation, are recipients339 words
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Page 1 Advertisements
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Advertisement54 1989-08-12 1 24TH BIRTHDAY JOY IN PICTURES 4-page pullout inside Reaction to Singapore’s bases otter PAGES 2-3 and 24 HOME Bank's $600,000 sculpture wows S'poreans PAGE 6 Malay undergrads give thumbs down to fees proposal PAGE 7 CAUSEWAY Mahathir blasts Malay newly-rich who dissipated their wealth PAGE 8 TINIESDOLLAR OCBC, OUB interim54 words
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Advertisement15 1989-08-12 1 riiw ii iwiw nrfWliij I OKSpcaaaa* 3iw <UOGI 7» 4* nt Membership has its privileges'15 words
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NEWS FOCUS
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Reaction to Singapore statement on US bases
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578 1989-08-12 2 KALIMULLAH HASSAN - By KALIMULLAH HASSAN KUALA LUMPUR Malaysia feels that any decision by Singapore to allow US bases in the Republic would undermine the peace process “not only in our part of the world but also elsewhere". a senior foreign ministry official578 words
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211 1989-08-12 2 Bemama. KUALA LUMPUR An Umno Youth official said on Wednesday that Singapore’s offer to provide military facilities to the United States would allow Asean to be made use of by the big powers and drag it into the power struggle in this region. TheBemama. - 211 words
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473 1989-08-12 2 SINGAPORE should not have offered to be host for American military facilities because this could hurt the feelings of its neighbours, Berita Harian Malaysia said on Tuesday. The offer was against the Asean spirit of regional co-operation473 words
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Article, Illustration288 1989-08-12 2 ABBY TAN - By ABBY TAN Manila Correspondent MANILA President Corazon Aquino has said (hat Singapore’s offer to act as host for some American military facilities will not be the prime factor in any decision on the future of the US bases288 words
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112 1989-08-12 2 Dangerous move says Hanoi paper AFP. HANOI Vietnam has condemned as “dangerous” Singapore's offer to provide some military facilities to the The ruling Communist Party newspaper, N'han Dan, said Singapore’s decision was “an anxiety and a threat to peace and stability in the region”. “The seriousness of the i S-SlngaporeAFP. - 112 words
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483 1989-08-12 2 IT IS “too simplistic” for Singapore to argue that a sustained American military presence will maintain the balance of power in the region and allow the non-communist countries to concentrate on economic development, the Jakarta Post said on Tuesday. The Singapore position, the Indonesian English-lan-guage newspaper483 words
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413 1989-08-12 3 But it would be dangerous if it goes beyond that, says official US bases: What Suharto told PM AFP, AP. JAKARTA Indonesia has cautioned Singapore about the dangers of drawing foreign powers into the region following the Republic’s offer toAFP,; AP. - 413 words
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352 1989-08-12 3 IF SINGAPORE allows US military facilities in the Republic, it could upset both the defence standing and political complexion of Asean and its member countries, a columnist writing in the New Straits Times said. What was certain, said the352 words
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124 1989-08-12 3 JAKARTA Indonesia Ls taking a wait-and-see attitude over Singapore’s offer to host some American military facilities, Foreign Minister All Alatas said on Sunday. “Let’s see what happens first,’’ he told reporters in a report filed by AFT. “Clearly, everything is still124 words
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447 1989-08-12 3 SINGAPORE should take into account the views of other Asean countries before reaching an agreement with Washington on the Republic's offer to host military facilities for American forces, the Bangkok Post said in an editorial. The newspaper argued that although Thailand,447 words
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121 1989-08-12 3 AFP, BANGKOK Thai Foreign Minister Air Chief Marshal Siddhi Savetsiia said Singapore’s offer of expanded access to facilities for US military forces was “something that could preserve regional security in terms of a greater balance of power I He told reporters after returning fromAFP, - 121 words
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382 1989-08-12 3 SANDRA DAVIE - By SANDRA DAVIE AT LEAST two parents have stopped their children from attending a student convention in London arranged by the Moonie religious sect after reading a Straits Times report on the attempted comeback of the banned cult. The article published last382 words
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235 1989-08-12 3 AP. KUALA LUMPUR A Japanese company has struck oil for the first time in Malaysia, and the strike is the first on land in the country in more than 50 years, officials said this wek. Mr Keita Matsunoki, legal and liaison– AP. - 235 words
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Article, Illustration1134 1989-08-12 11 SANDRA DAVIE - SPECIAL REPORT s By SANDRA DAVIE FROM 15 to 20 young Singaporeans are heading for a “students’ convention” in London this month that cult experts warn is really a recruiting camp of the banned “Moonie” religious sect from which the youngsters might1,134 words
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524 1989-08-12 11 “PREJUDICIAL to public welfare and good order" was the Government’s verdict on the Unification Church when it was banned here in April 1982. That was only seven years after the Moonie movement took root in Singapore through the efforts of three Unification Church524 words
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Article, Illustration990 1989-08-12 20 THE International Conference on Cambodia, which began in Paris last week, seeks to bring peace to the war-ravaged country. The 18 countries including the world major powers who are attending the month-long session, know there is no easy way to990 words
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HOME
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Text of the Prime Minister’s Nations Day Message
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Article, Illustration1562 1989-08-12 4 THE economy looks good this year. The 9.1 per cent growth in the first six months was broad-based. Although external demand is weakening. MTI (the Ministry of Trade and Industry) have revised their growth forecast1,562 words
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Article, Illustration365 1989-08-12 5 National Day awards ORCHIDS have been his passion for more than 20 years but Mr John Ede is now getting a harvest of a different hue. Mr Ede, the managing director of Singapore Orchids is one of the 17 recipients of the Public Service365 words
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Article, Illustration862 1989-08-12 5 DISTINGUISHED SERVICE ORDER Mr I/Co Hee Seng, Chairman, Public Service Commission; Mr Justice Yong Pung How, Former Chairman, Singapore Broadcasting Corporation. MERITORIOUS SERVICE MEDAL Dr Wong Heck Sing, Deputy Chairman, Public Service Commission. PUBLIC SERVICE STAR (BAR) Mr Kang Siow Buay, social and community service; Mr862 words
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Article, Illustration409 1989-08-12 6 JULIA GOH - By JULIA GOH ART in the park, in the mall and in open spaces... a brief ceremony last Friday saw a top local banker hand over the first work of art, under a special scheme to beautify the city to the people of Singapore. The409 words
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406 1989-08-12 6 RAV DHALIWAL - By RAV DHALIWAL A PRELIMINARY study has begun into the feasibility of building more tunnel roads in the city to ease traffic congestion. A report on the findings is expected to be submitted to the Government later this month. It is learnt that406 words
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90 1989-08-12 6 PARIS Singapore’s Ambassador to France, Mr David Marshall, lit the flame beneath the Arc de Triomphe in a ceremony to remember the war dead, Mr Marshall was given the honour of lighting the flame at the ceremony last Friday, an event to commemorate the90 words
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248 1989-08-12 6 TWO touts of fake watches have each been given the maximum fine of $5,000 for committing the offences in the Orchard Road area. Odd-job labourer Ang Aik Leng, 24, and tailor Seet Gim Swee, 51, are first offenders. Both admitted the charges on July248 words
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Article, Illustration659 1989-08-12 7 ZURAIDAH IBRAHIM - Students at forum pass resolution disapproving the idea By ZURAIDAH IBRAHIM MALAY and Muslim undergraduates taking part in a forum on the Government’s proposal to change the system of financing Malays in tertiary institutions have voted overwhelmingly against the idea.659 words
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178 1989-08-12 7 FOR 3 j hours under a blistering afternoon sun, 8,236 Anglo-Chinese School students, parents and old boys played musical chairs to break a world record. And they did! Their numbers, the biggest ever anywhere to take part in the game, pushed aside the178 words
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273 1989-08-12 7 WOODLANDS will be three times its present size and become Singapore’s largest new town when its building programme is fully completed. This was revealed by Mr Lee Yiok Seng, senior parliamentary secretary (National Development), at the opening of Woodlands Sports Complex. Mr273 words
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242 1989-08-12 7 SINGAPORE is to set up a centre for the training of people involved in shipping and port activities. The Singapore Port Institute, as it will be known, will cost (13.7 million, and is believed to be the only one other than242 words
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401 1989-08-12 7 New immigration policy SINGAPORE’S decision to offer permanent residence to 25,000 Hongkongers cannot be divorced from the Government’s concern over the increasing number of Malays in the country, a columnist in Malaysia’s Utusan Melayu newspaper said. Writing in401 words
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110 1989-08-12 7 A TOTAL of 365 Illegal foreign workers and overstayers took advantage of the final “last chance” amnesty granted by the Government more than three weeks ago for repatriation to their countries without being punished antler the Republic’s tough amended immigration laws. The110 words
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282 1989-08-12 7 THAI trade unions may set up a labour agency as well as a branch office here. These were among several ideas representatives of the four Thai trade union congresses who were here for the repatriation exercise for illegal workers were planning to discuss282 words
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Article60 1989-08-12 7 TWIN brothers employed by the Urban Redevelopment Authority (URA) last week claimed trial to corruptly receiving $2,800 each from a building contractor for being lenient in supervising work carried out by his firm. Tony Ang Ting Hock and Ronnie Ang Tong Hock, 25, both technicians-cum-clerka-of-works, are60 words
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across the CAUSEWAY
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Article, Illustration683 1989-08-12 8 Kalimullah Hassan - Recent recession made many bankrupt, he says By Kalimullah Hassan Writing for The Straits Times KUALA LUMPUR Prime Minister Datuk Seri Dr Mahathir Mohamad said has said that Malaysia’s post-1990 economic policy should lay stress on providing bumiputras with the skills toWriting for The Straits Times - 683 words
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214 1989-08-12 8 Bernama, NST. KUALA LUMPUR The seven Malaysians allegedly ill-treated by their employers, said to be members of Saudi royalty, have returned home from Saudi Arabia. They arrived last week board a Malaysia Airlines flight at Subang airport. They were Muhammad HanapiahBernama,; NST. - 214 words
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208 1989-08-12 8 NST. KUALA LUMPUR The Cabinet has rejected a proposal by the Public Services Department (PSD) to lower the starting salaries of the civil service, saying it was “untimely and inappropriate” because of the upswing in the economy. The Minister in the Prime Minister’s Department,NST. - 208 words
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Article, Illustration249 1989-08-12 8 Reuter, Bernama. KUALA LUMPUR A New Zealand mother sentenced to hang for drug trafficking had her sentence commuted to life imprisonment by Malaysia’s Supreme Court on Wednesday. But the five-judge court upheld her son’s life sentence. Lord President Tun Hamid Omar ruledReuter,; Bernama. - 249 words
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269 1989-08-12 8 Racial mix in two colleges ‘not right’ says Malay student body IPOH A Malay students' federation has called on the government to ensure that the student intake of all institutions of higher learning reflects the country’s racial composition. The Malay daily Utusan Melayu reported last week that the Federation of269 words
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194 1989-08-12 8 Bernama. JOHOR BARU Malaysian fishermen who used to frequent the waters off Horsburgh Lighthouse have been told by Deputy Agriculture Minister, Mr Kasim Ahmad, to turn elsewhere for their livelihood. Horsburgh Lighthouse, also known by its Malaysian name Pulau Batu Putih, isBernama. - 194 words
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Article, Illustration1045 1989-08-12 9 ISMAIL KASSIM - Blow severe but not fatal Comfortable win propelled by widespread Chinese support Post-mortem on the Tambatan by-election News analysis By ISMAIL KASSIM JOHOR BARU The comfortable victory of the ruling National Front in Saturday’s Tambatan by-election has blunted the momentum of theBternama picture. - 1,045 words
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150 1989-08-12 9 Bewmama. IPOH The victory of the National Front candidate from Urnno in the Tambatan by-election showed that the position of the party in Johor had been restored, Prime Minister and party president Datuk Seri Dr Mahathir Mohamad said here on Sunday. He attributedBewmama. - 150 words
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Article, Illustration420 1989-08-12 9 NST. PENANG The coroner’s court investigating the death of millionaire Loh Kah Kheng has allowed the police to send the telephone wire found around his neck and body for a tensile test. Coroner Rosilah Yop gave the approval after Deputy Superintendent Mohamed Ismail Mohamed,NST. - 420 words
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Article149 1989-08-12 9 KUALA LUMPUR Malaysia and Thailand have settled a 10-year-old dispute over rights to a 7,300 sq km petroleum concession tract lying across the Thai-Malay-sian continental shelf in the South China Sea, Thai Prime Minister Chatichai Choonhavan said last Friday. He told a news conference after meeting149 words
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62 1989-08-12 9 Bernama. KUALA LUMPUR Poison pen letters discrediting the country’s leaders are being circulated in some local universities, according to Datuk Dr Yusof Nor, the Minister in the Prime Minister’s Department. It appeared they were being circulated as part of an “election preparation”, but addedBernama. - 62 words
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CAUSEWAY/ASEAN
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263 1989-08-12 10 AP. KUALA LI MPI R Sev-enty-one Vietnamese refugees uere missing and feared killed in the latest pirate attaek on boat people in the South China Sea, refugee officials said this week. They said news of the attaek came from 13AP. - 263 words
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88 1989-08-12 10 AP MANILA A Malaysian credited with making Malaysia’s National Archives the most advanced in South-east Asia. Datin Zakiah Hanum Abdul Hamid, has won the Ramon Magsaysay Award for government service, the awards foundation announced. Datin Zakiah. director-general of the archives, was cited for showing fellowAP - 88 words
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101 1989-08-12 10 Bernama. KUALA TRENGGANU The Magistrate’s Court here has fined nine Thai fishermen a total of M 51.35 million (*****,000), or in default 20 months' jail, for fishing in Malaysian waters off the Trengganu coast on Sunday. The nine fishermen did not pay theBernama. - 101 words
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Article337 1989-08-12 10 Teruntum by-election Bernama. KI'ANTAN The DeputyPrime Minister, Mr Ghafar Baba, has expressed concern that thousands of voters in the Teruntum state by-election, who were reported this week to have “vanished", may not cast their votes on Saturday. He said this could jeopardise the National Front's chancesBernama. - 337 words
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192 1989-08-12 10 Bernama. IPOH An aide to a Malaysian Member of Parliament died at the General Hospital here on Tuesday after four unidentified men forced him to drink a weed killer. Ipoh police have classified the death of Mr P. Ramuloo, 34,Bernama. - 192 words
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208 1989-08-12 10 KUALA LUMPUR Eight Selangor state assembly members from the Malaysian Chinese Association have offered to resign from all party and assembly posts for supporting the controversial Selangor Islamic Administration (Amendments) Bill last month. One of them who spoke on condition208 words
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Article, Illustration380 1989-08-12 10 ABBY TAN - By ABBY TAN Manila Correspondent MANILA The Philippine government is speeding up plans for the conversion of American military bases for alternative uses. National Security Adviser Rafael lleto said on Monday. The announcement was made following two developments last Friday's offer by the380 words
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274 1989-08-12 10 JAKARTA Indonesian authorities are planning to keep closer tabs on foreign residents in Jakarta. now that the decision has been made to go ahead with normalising ties with China, the Jakarta Post reported last Saturday. The head of the City Population Office, Mr Sunarjudardji,274 words
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240 1989-08-12 10 Top-level panel paving way to China ties report JAKARTA An Indonesia inter-ministerial committee is preparing for the normalisation of relations with China, the Indonesian Observer newspaper quoted Foreign Minister Ali Alatas as saying. Mr Alatas, speaking in Paris on Tuesday, said preparations were made to discuss various problems, including the240 words
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69 1989-08-12 10 AFP. MANILA Philippines officials are preparing a law that would allow Hongkong residents to obtain two-year resident visas with a deposit of UBS2M,IM, senior official said last week. The visa, Intended to attract wealthy foreigners, is included In a BUI to be sent toAFP. - 69 words
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Page 11 Advertisements
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Advertisement128 1989-08-12 11 THE TRAINING tllljia is in Certify tljiit l|rts romplrtrii nil Hjr requirements necessary for gritinuitinn from tlje 7 jj from >th m to nth n L\ The certificate awarded to those who completed the seven-day workshop. It carries the signature of Mr Teo Puay Lam. THE PLAN A students’ convention128 words
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COMMENT/ Editorials
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Article617 1989-08-12 12 AUG 12. 1989 THE EDUCATION Ministry is about to decide on whether or not to teach religious knowledge in schools, an issue which has been under review for the past four months. While the ministry has no shortage of options to choose from, its decision617 words
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Article600 1989-08-12 12 AUG 11. 1989 TWO reasons are paramount when deciding whether or not to have some US military facilities sited in Singapore and their order is important. First, and above all else, it must he in the Republic's interest. The next consideration is that it should not threaten600 words
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Article611 1989-08-12 12 AUG 9. 1989 AT 24, a young adult usually ponders some of the major decisions of the future, things which will determine how life is going to turn out for him. There are questions about marriage, when and with whom. There is the decision about611 words
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640 1989-08-12 12 JOYFUL AND JOYOUS JOYFUL and Joyous. That’s how Singaporeans go about celebrating their National Day every year. “It's just the thing we need. The ‘in’ thing to let the spirits soar,” enthused my friend. Miss Joanna Chen, 32, when we met two640 words
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Article154 1989-08-12 12 “People must feel that Singapore is worth being part of and worth defending. Otherwise, we cease to exist.” Prime Minister Lee Kuan Yew in his National Day broadcast. “...Wealth in the hands of those unable to manage it does not last. The more important thing is the build-up154 words
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FOCUS/ Analysis
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1160 1989-08-12 13 Singaporeans who do not already know of the existence of a written Code of Conduct for Ministers learnt of it recently from a debate in Parliament. It was cited by Non-Constituency MP Lee Slew Choh, who (when arguing that1,160 words
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895 1989-08-12 13 Catherine C Ong - Our correspondent’s file Catherine C Ong HONGKONG EVER since the big crush at Admiralty Centre for Singapore visas. the emigration drive by the Government for blue-collar workers here has been a topic of conversation, I am told, from the Wanchai wet market to895 words
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TIME$
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657 1989-08-12 14 SHARON LAU - Rate of 3.2pc on individual, foreign investors; 32pc on others By SHARON LAU THE Ministry of Finance has announced a new tax scheme for approved Sin-gapore-based unit trusts following representations it received from managers and trustees of unit trusts. The scheme, effective on657 words
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435 1989-08-12 14 DOREEN SIOW - DOREEN SIOW. WHILE other property groups like City Developments and Wing Tai Holdings have been building up their land banks, Centrepoint Properties Ltd (CPL) has decided to reduce theirs. The company a subsidiary of Cold Storage Holdings— has contracted to sell its Magnolia435 words
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373 1989-08-12 14 DOREEN SIOW - LATEST COMPANY REPORTS By DOREEN SIOW THE OCBC Bank, the current favourite bank stock among analysts, posted a record 37-per cent increase in after-tax profit to $90.7 million at half-time. The banking group's sterling results yesterday gave stockbroking analysts a pleasant surprise373 words
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363 1989-08-12 14 SHARON LAU - By SHARON LAU THE robust economy and a buoyant stock market have helped Overseas Union Bank to bag a net profit of $38.5 million at half-time, a creditable 24.3-per cent growth over the previous corresponding period. But the improvement by the smallest363 words
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413 1989-08-12 14 DOREEN BIOW - By DOREEN BIOW TOM CRUISE, Madonna and George Michael must be among the favourite celebrities of Singapore’s Polycore Optical they help “market” the lenses made by the company. Just as Marlon Brando and his Bausch aviators boosted global sunglass sales413 words
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110 1989-08-12 14 THE buoyant property market conditions have helped DBS Land, the aggressive property development arm of DBS Bank, post a big jump in interim earnings. For the first half ended June 30, group pre-tax profit swelled by almost 2'/a times to $24.02 million, compared110 words
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Article, Illustration416 1989-08-12 15 Interim s4om profit just slm short of 1988 full-year gain KEPPEL Corporation, which just announced half-year profit of $4O million, is set to hit a record $1 billion in turnover soon. Chairman Sim Kee Boon said at the group’s 21st416 words
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682 1989-08-12 15 LEE HAN SHIH - LEE HAN SHIH: LEE HAN SHIH: Property Correspondent, Business Times THE gap between rentals of prime office space in Hongkong and Singapore has widened in the eight months up to June this year, with rents in Hongkong now almost thrice those in682 words
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128 1989-08-12 15 DM A move to capture the increasing number of students going abroad for higher education, DBS Bank has become the first to offer loans to overseas students. Called the DBS Overseas Student Assist, it offers both undergraduates and postgraduate students loans from $lO,OOO128 words
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Article45 1989-08-12 15 KUALA LUMPUR South Pacific Textile Industries Bhd (SPTI) has reported a group pre-tax profit of M 511.68 million (SSB.4 million fcr the seven months ended April 30. down from M 516.65 million for the 12 months ended Sept 30 last year.45 words
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754 1989-08-12 15 Sharemarket review GOOD news about the country's economy in the Prime Minister’s annual report to the nation on the eve of National Day pushed the Straits Times Industrials Index to new post-October 1987 Crash heights on Thursday. But, not surprisingly though, some754 words
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Article312 1989-08-12 15 LONDON Companies in Hongkong, faced with a threat of a brain drain, are offering the best and the brightest of their executives and workers extra benefits, more money, foreign passports you name it to encourage them to stay. Spurred by fears of China's scheduled resumption312 words
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Article6699 1989-08-12 16 AH shares quoted have a par value of $1, unless otherwise specified. Adjusted for scrip/rights. 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. J Margin stocks. ABN is traded in lots of6,699 words
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Article219 1989-08-12 17 Manager’s prices for August 12 14 Singapore Unit Trust The Commerce The Savings Fund S'pore Prog Fund S pore Sec Fund S'pore Invest Fund S'pore Equity Fund 1 18-1.25 106-1.12 0.47-0.51 0.74-0 79»d 084-0 89 0.56-0 60 Asia Unit Trust Mai Invest Fund Mat Prog Fund Mai Security219 words
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Article646 1989-08-12 17 Friday August 11 HKt 3 05 -*-0 05 Asia Sec Int'l 2 15 unch Asia Sec War 91 0 62 -0 02 Bank of EA 14 50 unch Bond Corp Int'l 1 63 005 Bond Corp War 91 071 001 Cable S Wireless 69 00 0 03 1 37646 words
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Article54 1989-08-12 17 THE Straits Times Industrials Index rose 28.22 points on the week to 1,371.40 points. Day-to-day Indices: MONDAY: 1,5f1.74 (up 2.50); 83.39 m unite ($159.24m); TUESDAY: 1,361.7« (up 10.02); 108.G5m units ($173.«m); WEDNESDAY: National Day; THITtSDAY: 1,370.8« (up 18.1); 112.51 m units (9221.91 m;. FRIDAY: 1,377.40 (down 2.4«)54 words
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Article59 1989-08-12 17 THE New Straits Times Industrials Index rose 39.80 points on the week to 2,375.52 points. MONDAY: 2,34«.«« points (down 39.816 m unite (valued MsC2.Bolm); TUESDAY: 2,351.27 (up 4.81); 55.038 m units (MSBB.S7«m); WEDNESDAY: 2,350.77 (down 0.5); 58.112 m units (M5100.347m); THURSDAY: 2,375.52 (up 24.75); 75.798 m units59 words
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Article50 1989-08-12 17 THE Hongkong Hang Seng Index rose 34.32 points to 2,113.39 on th? week MONDAY: 2,5(3.77 points (down 15.3); HK91.20 billion; TUESDAY: 2,0*7.94 (up 44.17); HK9I.K billion; WEDNESDAY: 2, «27.31 (up 19.37); HK5985.27 million; THURSDAY: 2, «08.(8 (down 18.(3); HKfl.27 billion; FRIDAY: 2,(13.39 (up 4.71); HKSB4I mllion.50 words
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521 1989-08-12 18 Second-quarter economic results AN INFLOW of Hongkongers, following the relaxation of Singapore's immigration policy, will not affect the economy in ihe short term. Trade and Industry Minister Hsien Loong said on Tuesday. Even if about 2,000 Hongkong521 words
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313 1989-08-12 18 SINGAPORE businessmen welcomed the news of a 9.1-per cent growth of the economy but said the major factor that would limit growth for the rest of the year was not the slowing American economy but the shortage of workers at home.313 words
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Article432 1989-08-12 18 Cowl la SoMm Oali Total «or Total tor paymi*» 4M» «Moo p*yftu tao yaar tool yaar Alo* Htdgt 4%W Aug 9 Sop 8 Sop 24 4% 4% Avtmo io%n« Oct 14 Oct 24 No* IS I0%T£ 25%Tf ft Sombawang M%tal JU 21 Aug2 Aug 14 35%(-l 20% •atu432 words
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305 1989-08-12 18 Reuter. KUALA LL’MPI R Malaysians and the American Soybean Association have decided to halt a hitter feud over a I S campaign that said palm-oil consumption causes heart disease, a Malaysian palm industry official said on Wednesday. Roth sidesReuter. - 305 words
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382 1989-08-12 18 CATHERINE C. ONG - By CATHERINE C. ONG Hongkong Correspondent HONGKONG Barely four months after it became fully operational, Times-Ringier, a printing joint venture between Times Publishing and Switzerland’s biggest publisher, is planning to expand its investments by up to HKSBO million (5519.79 million) over382 words
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171 1989-08-12 18 MBT. ROTHMANS of Pall Mall (M)’s group pre-tax profit for the year ended June 30 rose 21.2 per cent to M 556.09 million (5540.72 million). Turnover increased to M 5765.33 million from M 5706.55 million previously. After deducting M 557.52 million for taxation (M– MBT. - 171 words
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186 1989-08-12 18 WHILE news of foreigners buying up apartments in Singapore has been the talk around town, Jack ChiaMPH Limited is busy preparing to sell Australian residential properties to local investors. The sale of 500 residential properties in Australia by Long Corporation, Jack Chia’s Australian186 words
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623 1989-08-12 19 STEVEN PAK - By STEVEN PAK LONDON-based broking firm ÜBS Phillips Drew has made a surprise forecast that Singapore's economy will pick up speed in the coming months, and has recommended that portfolios emphasise the local and the Kuala Lumpur stock markets. Its three-month623 words
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216 1989-08-12 19 NOMIRA Securities Co Ltd, Japan’s largest securities company, has launched a 20-billion yen (Ks2Bti million) six-year fund to Invest In Singapore and Malaysian equities and bonds. Nomura said the Malaysia Singapore Fund ’B9-08 is being “offered to a wide range of Japanese Investors216 words
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167 1989-08-12 19 NEPTUNE Orient Lines has entered into a deal with a major US railroad company which will speed up the movement of its container cargo within the US. The national shipping line this week finalised an agreement with Atchison, Topeka and167 words
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306 1989-08-12 19 – STEVEN P AK - STEVEN P AK. THE end of hostilities in the Persian Gulf has meant slower business for diversified salvage operator Sembawang Maritime Ltd (SML). For the six months ended June 30, group turnover shrank 21.2 per cent to $27.07 million, which the company blamed306 words
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Article78 1989-08-12 19 Rubber Closing prices (cents/kilo) Singapore 170.50 September down 3.50 cents Malaysia ***** September down three cents Palm oil Crude palm oil (M$/tonne) August 667.50 (south) 647.50 (central) Refined palm oil (US$/tonne) RBO Palm <H September 270 (sellers) October 270 (sellers) RBO Olem Sept/Oct 280 (sellers) Nov/Dec 282 5078 words
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172 1989-08-12 19 THE Central Provident Fund Board has dropped Hotel Marco Polo Ltd from its list of trustee stocks under the CPF Approved Investments Scheme. A statement from CPF said the company, which runs the Omni Marco Polo Hotel at the junction of Tanglin172 words
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Article52 1989-08-12 19 AFP. HONGKONG Former Hongkong Stock Exchange boss Ronald Li was released by a magistrate on Wednesday on bail of HK$lOO (SS2S). Magistrate Warner Banks said the nominal bail was required as Li’s original bail terms of HK$l2 million had been transfered to the HighAFP. - 52 words
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Article, Illustration323 1989-08-12 19 DOREEN SIOW - By DOREEN SIOW HOTELIER Ong Beng Seng is selling his stake in the plush Inn on the Park in London’s Mayfair district for Cs 72 million (SSIIB million) to Canadian-listed Four Seasons Hotels Inc. The Canadian company, which already323 words
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281 1989-08-12 19 INSURANCE Corporation of Singapore (ICS) has reported better interim results all round, and is proposing a 1-for-4 bonus issue to celebrate the company's 20th anniversary. For the half-year to June 30, ICS, the insurance arm of DBS Bank, saw pre-tax profit jump 23.4281 words
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Page 20 Advertisements
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Advertisement252 1989-08-12 20 JTlie Straits Times lamias 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 in252 words
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Page 21 Advertisements
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Advertisement1287 1989-08-12 21 APPOINTMENTS FAR EAST LEVINGSTON SHIPBUILDING LTD FELS (Incorporated in the Republic of Singapore) invites applicants for the following positions: HULL ESTIMATOR/ENGINEER Degree/Diploma in Naval Architecture /SOE or equivalent Min 1-2 years relevant working experience in structural estimation in marine, shipbuilding or oil and gas industries Able to work independently Application1,287 words
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Page 22 Advertisements
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Advertisement1030 1989-08-12 22 APPOINTMENTS Mobil MOBIL POLYMERS INTERNATIONAL LIMITED IS SEEKING SUITABLY QUALIFIED CANDIDATES FOR THE FOLLOWING POSITION; CREDIT ANALYST/ CO-ORDINATOR JOB SPECIFICATION Daily detail monitoring of credit to customers Financial, credit and payment analysis of customers Co-ordination, liaison and follow-up with banks on LVC negotiation and payments Provide support to the Area1,030 words
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TIMESPORT
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Article, Illustration450 1989-08-12 23 J. RAJENDRAN - SNOC allows his appeal By J. RAJENDRAN CONTROVERSIAL sprinter Haron Mundir will run in the South-east Asia Games in Kuala Lumpur, the Singapore National Olympic Council decided yesterday. SNOC secretary-general Mr S. S. Dhillon, in making the announcement after a 30-minute closed-door meeting at450 words
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Article, Illustration431 1989-08-12 23 Singapore in tough BurmeseThai group SEA GAMES SOCCER by JOE DORAI SINGAPORE’S medal hopes at this month’s South-east Asia Games soccer competition in Kuala Lumpur received a severe jolt yesterday when the draw for the six teams was made by the Games committee. The Republic were placed in Group A431 words
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Article, Illustration740 1989-08-12 23 TAY CHENG KHOON - Gimson makes up 8-shot deficit to grab Singapore Open By TAY CHENG KHOON SAMSON GIMSON rewrote the course record last Saturday on his way to the greatest comeback victory in the 42-year history of the Singapore Open Amateur golf championship. Samson, eight shots behind740 words
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792 1989-08-12 24 Income ceiling raised and PRs allowed to buy resale flats THE doors to public housing have been thrown open to Singaporeans earning higher incomes and to permanent residents. This easing of restrictions on ownership of public housing is the third major792 words
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Article186 1989-08-12 24 From Page One The award is the third for Mr Kang, who has been involved in grassroots organisations in Kallang since 1967. Seventeen people were awarded the Public Service Star. Most were from the community and social work field except for Mr Vaithlnathan Naganathan, a PSC member186 words
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Article99 1989-08-12 24 Beroama. Kl ALA Ll’MPl R The Malaysian Yang Di-Pertuan Agong, Sultan Asian Shah, on Wednesday sent a message of congratulations to President Wee Kim Wee of Singapore on the occasion of the Republic's National Day.' In his message, the King said Malaysians were confident that the close– Beroama. - 99 words
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568 1989-08-12 24 A CONTINUED American presence in Southeast Asia is clearly in everyone’s interest until Asean's goal of creating a Zone of Peace, Freedom and Neutrality (Zopfan) can truly be achieved. Saying this last night, Political Secretary (Prime Minister’s Office) Ng Pock Too highlighted the568 words
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312 1989-08-12 24 NST. KUALA LUMPUR Defence Minister Tengku Ahmad Rithauddeen said after talks with visiting US Admiral Huntington Hardisty that the United States understood and respected Malaysia's concern about US use of military facilities in Singapore. Washington also appreciated Malaysia’s stand on the presence of foreign basesNST. - 312 words
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126 1989-08-12 24 KUANTAN Singapore’s proposal to allow the United States to use military facilities in the Republic can disrupt Singapore’s relations with Malaysia, said Umno Youth leader Datuk Seri Naflb Tun Razak. He said a delegation from Umno Youth would be sent to meet the Singapore126 words
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Page 24 Advertisements
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Advertisement7 1989-08-12 24 Asean reaction to bases offer: Pages 2-37 words
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National Day PARADE 89 FOUR-PAGE PICTORIAL PULLOUT FOR OUR OVERSEAS READERS
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Article, Illustration989 1989-08-12 25 Here's to hearts and courage K. F. TANG watched the National Day Parade from the gallery. He thinks of big hands and hearts, efficiency and creativity. The cause of the Small Guy. And was moved as the People were moved. OH, WHAT BIG HANDS YOU989 words
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Article, Illustration174 1989-08-12 26 / 27 A HAPPY PRESIDENT WEE waves to the crowd as he is driven round the stadium in an army Land Rover after inspecting the Guard-of-Honour. It was the first-ever presidential “drive-past” at a National Day parade. IN THE M00D PM Lee Kuan Yew appears to be174 words
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Article, Illustration444 1989-08-12 28 Handy facts THE most pervasive presence in the National Stadium yesterday were green and orange larger-than-life Hands all 60,000 pairs of them. These colourful PVC gloves were worn by almost everyone who watched the parade from the toddler in the terraces to Cabinet444 words
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