The Straits Times : Weekly Overseas Edition, 19 August 1989

Total Pages: 24
1 24 The Straits Times : Weekly Overseas Edition
  • 20 1 The Straits Times WEEKLY OVERSEAS EDITION SATURDAY, AUGUST 19, 1989 Price: 551.20 (in Singapore) Elsewhere by subscription only MCI(P) 37/8/89
    20 words
  • 587 1  -  But he opposes stationing of American troops in S’pore By ONG MING SEING Washington Correspondent WASHINGTON Malaysia has no objections to Singapore providing repair facilities and other services to American forces, but will strongly oppose any proposal to station US troops in
    587 words
  • 247 1  - It’s best to wait for official word Aquino By ABBY TAN Manila Correspondent MANILA Philippine President Corazon Aquino has chosen, (or the time being, to stay clear of debate in Asean capitals over Singapore’s offer to host some US military facilities. In her weekly meeting with the press, Mrs Aquino
    247 words
  • 373 1  -  pore for the offer. ONG MING SEING. WASHINGTON The United States Joint Chiefs of Staff are studying the report prepared by the American technical team that visited Singapore in June to survey air and naval facilities. US officials said the team’s visit was
    373 words
  • 82 1 Reuter. MOSCOW The Soviet Union has warned the United States against setting up military bases in Singapore, saying it would destabilise the situation in South-east Asia. A spokesman for the Foreign Ministry in Moscow Mr Yuri (iremltskikh, said Moscow was concerned by a statement by the Singapore Government
    – Reuter.  -  82 words
  • Page 1 Advertisements
    • 76 1 More reactions to bases offer to US Pages 2-3 INSIDE Woman lawyer struck off the rolls PAGE 7 HOME Dentists worried about possible influx from HK PAGE 4 Birth decline getting worse PAGE 5 Shun Moonies, police warn Singaporeans PAGE 6 CAUSEWAY Probe into case of prisoner who was allowed
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    • 13 1 n^-y-yyaa» 3ite 9 *l < uooi JM| Ul n 4* Membership has its privileges'
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  • NEWS FOCUS
    • More reactions to Singapore’s statement on American bases
      • 451 2 Kan Seng replies to critics of bases offer FOREIGN Minister Wong kan Seng has reiterated that Singapore had a sovereign right to make its own decisions about its future, without interference from others. Commenting for the first time on regional reactions
        451 words
      • 718 2  -  By KAMAL JAFFAR writing for The Sunday Times Sunday Times. JAKARTA The former Indonesian Foreign Minister, Dr Mochtar Kusumaatmadja, has called on Asean nations not to "corner Singapore further" over its offer to host some United States military facilities in the Republic. In
        Sunday Times.  -  718 words
      • 420 2 AFP. BANGKOK Thailand has said that Singapore’s offer to host some US military facilities was a bilateral issue which did not call for a joint regional stand. Foreign Ministry spokesman Jetn Sutcharitkul, who was responding to questions about Malaysia’s call to
        – AFP.  -  420 words
      • 357 2 SINGAPORE’S offer to allow the US to set up some military facilities is not likely to result in the Republic doing a great deal more than what it has already been offering, an academic with a US think-tank said. “It (the offer) is essentially a publicisation
        357 words
      • 291 3 JAKARTA The Indonesian Foreign Minister, Mr Ali Alatas, said on Tuesday that Singapore's offer to allow the US to set up some military facilities in the Republic had not created disunity within Asean. “I am certain that Asean is not (disunited),” he said.
        291 words
      • 579 3 JAKARTA An editorial in the leading Indonesian newspaper Kompas on Monday said Asean nations, now showing their differences over Singapore’s intention to provide military facilities for the United States, should look to the member countries in the North Atlantic Treaty Organisation
        579 words
      • 342 3 KUALA LUMPUR Singapore’s offer to host some United States military facilities is contrary to Asean’s aim of establishing a Zone of Peace, Freedom and Neutrality (Zopfan) in the region and would “certainly destroy Asean’s spirit of unity”, the official organ of the
        342 words
      • 1078 3  -  By ABBY TAN, Manila Correspondent MANILA Filipinos who are for or against the American bases will just not take seriously the news that a partial withdrawal of US military facilities from the Philippines is probable. Thoir
        1,078 words
    • Readers’ reactions to Singapore statement on bases
      • 667 20 THE uneasiness expressed by some Asean countries over Singapore’s offer to have some US military facilities set up in the country came as a surprise to many. Even though Singapore’s move has been construed by them as being diametrically opposed to the
        667 words
      • 365 20 SINCE the Minister of State (Finance and Foreign Affairs), BrigadierGeneral (Res) George Yeo, first announced in Parliament on Aug 4 that Singapore is prepared to play hast to some American military facilities, there have been numerous responses printed in the press. The sad thing is
        365 words
      • 126 20 I RKAD with amusement the comments from overseas on Singapore's offer of base facilities to the Americans. There is much talk that this goes against the Zopfan arrangement. One must see this in perspective. Zopfan is a declaration of an ideal, which all hope will in
        126 words
      • 75 20 I READ with concern the Government’s offer. Be it naval or air facilities, there could be some kind of nuclear warheads around. Furthermore, who knows somewhere out there, someone hostile to the US or to Singapore could be pointing a big gun in our
        75 words


  • HOME
    • 482 4  -  The new immigration policy By SERENA TOH SINGAPORE dentists in the private sector are concerned about the possibility of an influx of dentists from Hongkong attracted by the Republic’s liberalised immigration rules. They feel that there is already a large number of practising
      482 words
    • 398 4  -  By BERTHA HENSON ENCOURAGED by the Government's newly-re-laxed immigration policy, more Singaporeans are applying for permission to marry work permit holders and for permanent residence for their foreign spouses. This was the feedback from several MPs who said they have seen a jump in
      398 words
    • 152 4 A SCHOOLTEACHER who befriended a man through a matchmaking agency lent him money amounting to $95,500 over a period of four months before he disappeared. Miss Jenny Tan, 33, a Malaysian living in Johor Baru, told police the man introduced himself in
      152 words
    • 508 4 The new HDB flat resale policy SINGAPORE permanent residents welcomed the liberalised housing policyannounced last week which allows them to buy Housing Board flats in the re-sale market. PRs Interviewed said this move by the Government Ls a definite
      508 words
    • 128 4 SINGAPORE has been given an option to host the 4th World Youth Chess Festival next year but the organisers do not yet have enough money for this. Mr Ignatius Leong, 33. the honorary general-secre-tary of the Singapore Chess Federation said on Monday that
      128 words
    • 355 4 A FARMER, believed to be the “master of adulterated brandy” in Singapore, was arrested last Saturday after authorities uncovered a syndicate which mixed cheap brandy with honey and then sold it as premium brandy. It is learnt the brandy bottled with popular labels,
      355 words
    • 230 4 DRUG abuse in Singapore is down. Figures for the first six months of the year have shown a drop in the number of drug offenders arrested, as well as the number of addicts detected and arrested. Another plus was the declining monthly average of inhalantabuse
      230 words
    • 471 5  -  ‘Arrival of immigrants will not make up for shortfall’ By ZURAIDAH IBRAHIM THE Health Ministry's prediction of a sharp drop in the number of babies this year, following the boom crop of Dragon Year babies last year, is coming true, according to Acting
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    • 566 5  -  Seletar site will also house an aerospace industry park By GERRY DE SILVA SINGAPORE is planning to develop what will be the region’s first business air* port-cum-aviation industry park at Seletar. Under the "business airport” concept, top executives will be able to fly
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    • 55 5 DBS president Patrick Yeoh Khwai Hoh and Bank of Tokyo general manager H. Hay aka wa have been appointed to the Board of Commissioners of Currency. They replace Mr Yong Pung How. who resigned on his appointed as a High Court judge, and Mr T. Abe,
      55 words
    • 133 5 CONDOMS have come out of the closet even women buy them openly now at friendly neighbourhood stores. With the stamp of approval from the Ministry of Health, stores such as 7Eleven and Cold Storage now display condoms prominently at their checkout counters. The ministry
      133 words
    • 337 5 THE Government will announce its decision on the teaching of religious knowledge in schools by next month, Education Minister Tony Tan has said. This would give enough time for changes to be ready for implementation in schools next year. After five months of consultation
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    • 554 5 AN APPLICATION by lawyer J. B. Jeyaretnam to have the High Court declare that he was never disqualified from the previous Parliament will be heard "at an early date to be fixed”. Judicial Commissioner Chao Hick Tin,
      554 words
    • 754 6 D Schools Hospitals |y| Homes SINGAPORE has come a long way, but there is still a long way to go to build on what has been achieved, Mr Lee Kuan Yew said this week. Addressing his Tanjong Pagar constituency’s
      754 words
    • 64 6 THIRTY Vietnamese refugees, including seven children, were rescued by a US Navy ship early on Monday morning in the South China Sea and brought to Singapore. They are being housed in the Hawkins Road Refugee Camp, pending resettlement, the Home Affairs
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    • 323 6 Present building, A-G’s chambers to be renovated PARLIAMENT House, its annexe and the Attorney-Gener-al’s Chambers are to undergo major restoration and renovations to create a Parliament House complex by 1992. Coming up are more meeting rooms for MPs and Government Parliamentary Committees, a mini-museum and
      323 words
    • 439 6  -  By SANDRA DAVIE POLICE have warned Singaporeans to steer clear of the Unification Church movement, whose members are commonly called the Moonies. A police spokesman said this week that the church, headed by the Reverend Sun Myung Moon, is banned in Singapore and advised
      439 words
    • 30 6 Mindef 's new spokesman FORMER national rugby player Col Kwan Yue Yeong. 42. has been appointed official spokesman for the Ministry of Defence, writh the title of Director, Public Affairs.
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    • 747 7  -  Aim is to reduce trauma for sex abuse victims, child witnesses By CHENG SHOONG TAT AN official law reform team is studying the use of live video cameras in courtrooms in order to make it less traumatic for sex abuse
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    • 280 7 Ban on coloured lenses SINGAPORE Airlines has banned its flight attendants from wearing coloured contact lenses while they are on-duty "for safety reasons". A spokesman for the airline said the ban which i came into effect six months ago was to protect
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    • 41 7 MORE than 300 girls and teachers at the Singapore Chinese Girls’ School fell sick yesterday with vomiting, diarrhoea, fever and headache. Food poisoning is suspected and the health authorities are checking on the school’s canteen operators.
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    • 247 7 THE head of the Singapore contingent serving as police monitors in Namibia has been appointed the chief electoral officer. Supt Lee Kok Leong, 50, is now responsible for ensuring there is no cheating in the ballots, and other matters connected
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    • 131 7 TELEVISION presenter Caryn Lim, who made headlines last year when she quit the Malaysian commercial TV channel TV3 to join SBC, will leave the station at the end of the month. Miss Lim, who joined SBC's Current Affairs Unit last October as
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    • 695 7 DOLLY Davenport well-known for her voluntary work for charities was yesterday struck off the roll of lawyers on four disciplinary charges of mishandling clients’ money. A three-judge court rejected as "implausible” her explanation that she faltered because she did not understand
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    • 559 8  -  But costly hotel rooms and lack of guides may upset the trend By MAYLEE CHIA ONE million that is the number of Japanese tourists expected to flock to Singapore in 1991. And they will come with one mission: to shop,
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    • 483 8 THE High Court this week reserved judgment on the appeal of a doctor who was sentenced to two years' jail nearly four years ago on six cheating charges. Chow Dih, 39 was found guilty in November 1985 of cheating six patients of a total of
      483 words
    • 249 8 THE labour shortage at construction projects sparked by a crackdown on illegal workers earlier this year has slowly eased. A major reason is that repatriated Thai workers have been allowed back to work in the country legally and there was also an
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    • 113 8 A TEENAGE burglar, fleeing through a 14th-storey kitchen window after the flat-owner screamed upon seeing him, fell to his death. A travel bag containing some jewellery and money was found next to the body of the 15-vear-old boy. Police said the incident
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    • 284 8 OWNERS of Housing Board flats are likely to be allowed to tap their Central Provident Fund savings to pay for the major exercise aimed at upgrading their estates to the standard of private condominiums. In the strongest hint yet that CPF money will
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    • 574 8  -  By SALIM OSMAN THE new Mendaki is set to get on with its enlarged role of tackling the socioeconomic problems of the Malay, Muslim community following the dissolution of the old Mendaki on Sunday and the transfer of assets to the
      574 words

  • Page 5 Advertisements
    • 58 5 NOTICE MAY THE SACRED HEART OF JESUS be adored, glorified, loved and preserved throughout the world, now forever. Sacred Heart of Jesus, pray of us. St. Jude, worker of miracles, pray for us. St. Jude, help of the hopeless. pray for us. Grateful thanks to Sacred Heart of Jesus and
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  • across the CAUSEWAY
    • 418 9 KUALA LUMPUR Malaysia’s prison authorities are fuming over a report that a former inmate of Kajang Prison, Abdullah Ang.was seen at the premises of his family business when he should have been in the prison
      Malay Mail picture.  -  418 words
    • 217 9 KUALA LUMPUR Malaysia will sell all 35 of its A-4 Skyhawk fighter-bombers still in operation after 1995, the New Straits Times reported It quoted the chief of the Royal Malaysian Air Force, Lieutenant-General Tan Sri Mohamed Ngah Said, as saying last Saturday that by
      217 words
    • 726 9  -  Error by 8 assemblymen may be costly By ISMAIL KASSIM KUALA LUMPUR The Malaysian Chinese Association is caught in a delicate situation over its stand on a controversial Islamic Bill which is being opposed by non-Mus-lims. Unless an amicable solution Is found
      726 words
    • 339 9 KUALA LUMPUR Prison sources have alleged that inmates of the Kajang Central Prison here who have political connections and wealth, have enjoyed privileges like those accorded to Abdullah Ang. Prison sources told the New Straits Times that apart from Ang,
      339 words
    • 132 9 KUANTAN The ruling National Front retained its Teruntum state assembly seat in Pahang with a large majority, although slightly less than in the 1986 general election. The Front candidate, Mr Kan Tong Leong, polled 8,014 votes against his nearest rival, independent Yong Siew Fai’s 2,297 votes.
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    • 115 9 Bernama. Kl ALA LI MPI R Prime Minister Datuk Seri Dr Mahathir Mohamad said on Thursday that the misunderstanding over the Islamic Bill passed by the Selangor State Assembly recently has been resolved. “The resolution was made according to the Barisan Nasional (National Front) method,”
      Bernama.  -  115 words
    • 493 10  -  By KALIMULLAH HASSAN Writing for The Straits Times KUALA LUMPUR Prime Minister Datuk Seri Dr Mahathir Mohamad said has said that the Malay world had to adapt itself to the times if it wanted to regain its past glories. Addressing an international conference
      Writing for The Straits Times  -  493 words
    • 535 10  -  KALIMULLAH HASSAN. KUALA LUMPUR The Malay world’s continued existence can be guaranteed if the indigenous Malays of the region live in unity with one another, former Malaysian Foreign Minister Tan Sri Ghazali Shafie said. In a keynote address at an international conference on
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    • 126 10 KUALA LUMPUR Hundreds of people in Stadium Merdeka watched in horror last Sunday as two parachutists, rehearsing for the South-east Asia Games opening ceremony became entangled in mid-air, and plunged to earth from 1.200 metres. One died while the other was
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    • 330 10 Hands tied round her neck with nylon string NST. PENANG The daughter of prominent local businessman and former State Assemblyman Khoo Teng Chye has been found murdered in her bedroom. Miss Khoo Chiew Gim, 30. the managing director of the KEA group of companies,
      • – NST.  -  330 words
    • 324 10 NST. KUALA LUMPUR The Malaysian Bar Council has approved 100 claims amounting to about MsB million (555.7 million) from people who alleged they had been cheated by lawyers. But its treasurer, Mr T. Mura Raju, said the council could
      NST.  -  324 words
    • 144 10 Bemama, NST. KUALA LUMPUR A Malaysian businessman has failed to get a High Court injunction against a friend whom he had sued for a share of a MSI.OB million (about *****,000) jackpot, won at the Genting Highlands casino. High Court judge, Mr
      Bemama,; NST.  -  144 words


  • CAUSEWAY/ ASEAN
    • 263 11 Party to concentrate on General Election: Report THE Spirit of ’46 party has derided not to eontest any more by-elections because of financial difficulties, and will concentrate its efforts on the next general election, the Chlnese-ian-guage Tong Bao daily reported on Wednesday. The
      263 words
    • 339 11 Bernama. KUALA LUMPUR The former Mentri Besar of Selangor, Datuk Harun Idris, is seeking a declaration from the High Court that an election regulation which allows the serial number of a voter to be written on the counterfoil of the ballot paper
      Bernama.  -  339 words
    • 237 11 NST. PETALING JAYA Nine University Kebangsaan Malaysia undergraduates, who were found guilty of ragging their juniors during orientation week last month, have been ordered by the institution’s disciplinary board to see a psychiatrist at the Medical Faculty. Deputy Vice-Chancellor (Student Affairs) Professor Datuk
      – NST.  -  237 words
    • 220 11 NST, Bernama. KUALA LUMPUR Prime Minister Datuk Seri Dr Mahathir Mohamad has added to the guessing game over the date of the next general election by saying that it could be called any time even during the Commonwealth Heads of Government
      NST,; Bernama.  -  220 words
    • 109 11 Bernama. JITRA (Kedah) Malaysia Airlines (MAS) will buy nine jet-propelled Fokker F-50 aircraft to replace the F-27 planes which are now used on domestic routes, the airline’s managing director, Tan Sri Abdul Aziz Abdul Rahman, said on Thursday. He said the nine aircraft would
      Bernama.  -  109 words
    • 324 11 But offer won’t include citizenship AFP. JAKARTA Indonesia has ruled out offering automatic nationality to prospective investors from Hongkong, where a growing number of people are considering emigrating ahead of the colony’s handover to China. A high-level Indonesian delegation is in
      – AFP.  -  324 words
    • 179 11  - My favourite Asean friend by Aquino ABBV TAN. PRESIDENT (orazon Aquino has said Singapore Prime Minister lan- Kuan Yew Is her favourite Asean friend. "I feel closest to him. He was very helpful,” Mrs Aquino said of their reeent meeting in Brunei. The President spoke on many subjects during a
      179 words
    • 289 11  -  By ALAN HUBBARD Europe Editor LONDON A leading British tour operator has apologised to the Thai government for a brochure which gave explicit descriptions to holidaymakers about how to obtain sex in Bangkok and other Thai resorts. Following threats by Thai authorities to
      289 words
    • 38 11 JAKARTA A bridegroom, who did not appear at his wedding, has been ordered by a Jakarta court to pay seven million rupiahs (557,700> in damages to the disappointed bride-to-be, the Jakarta Post reported yesterday.
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  • COMMENT/ Editorials
    • 608 12 AUG 18. 1989 AMID the excitement over the massive upgrading exercise for public housing estates, few people are paying enough attention to calls that the project be extended to non-HDB estates. Mr l,eong Horn Kee, MF for Thomson. argued early this month that private estates were also entitled
      608 words
    • 640 12 AUG 16. 1989 JUST when Singapore as a nation has successfully gone through the throes of a difficult birth, it now ironically faces the gloomy, albeit still distant, possibility of senility and decline by attrition. The problem is by now familiar: Singaporeans are just not having
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    • 598 12 AUG 14, 1989 DYNAMIC and talented newcomers are no strangers to Singapore. The waves of immigrants that have been setting up homes here since Sir Stamford Raffles’ time have never been greeted with protectionist disapproval. Until the announcement of the recently-re-laxed immigration policy that opens the Republic’s
      598 words
    • 602 12 THAT'S THE HOUSE NUMBER 147 Neil Road that's the house Mr I.ee Kuan Yew lived in for a few years when he was a boy. The house the Prime Minister’s grandfather. Mr Lee Hoon Leong, bought in 1920. The house which by
      602 words
    • 132 12 “Look, we don’t have to be hostile with Iran (or the rest of oar lives. We’ve had a good relationship with them in the past. They are of strategic importance. They would be welcome back into the family of law-abiding, non-terrorist-sponsoring nations.” US President George Bush, at a
      132 words

  • COMMENT/ Perspective
    • 1407 13  -  Wen Wei Po had been pro-Beijing in its editorial policy, until it took the side of the student protesters at the height of the recent pro-democracy movement in China. Its attack on what it called the “fascist” Beijing regime became strident after
      , File picture.  -  1,407 words
    • 664 13  - You can tell a Singaporean by the way he walks and talks Ning Juita ONCE in a while, without our seeking it, we gpt a glimpse of ourselves as others see us. On a recent flight from Kuala Lumpur to London, the girl sitting next to me said, after a
      664 words

  • TIME$
    • 324 14  -  By DOREEN SIOW MR PAUL SUN, the Tokyo-based Chinese property tycoon who has accumulated assets of about $350 million in Singapore within the last 12 months, likes Singapore so much that he has applied for permanent residence. At a cocktail function
      324 words
    • 196 14  -  properties either. CAROLINE CHAN. WITH its bid of $90.8 million, Mr Ng Teng Fong’s Golden Development has clinched the tender for Anthony Garden Estate in Cairnhill. the HUDC estate thought to have the best location. A Housing Board spokesman confirmed that
      196 words
    • 189 14 TRADING and investment holding group Haw Par Brothers International saw a modest increase in interim group net profit after a oneyear hiatus. But operating profit was down a marginal 1 per cent Jo $11.34 million for the first 'six months to June 30,
      189 words
    • 546 14 One new UEM share for three CIMA shares offer NST UNITED ENGINEERS Malaysia Bhd (UEM) continuing its expansion streak is making a M 5146.50 million (Ssllo million) offer for the entire paid-up capital of Cement Industries of Malaysia Bhd (CIMA) in a
      – NST  -  546 words
    • 455 14  -  By CHOW CHEE SUN UNITED Overseas Land, the hotel and property arm of United Overseas Bank, has reinforced its turnaround last year with a solid set of results for the first six months of this year. For the half year to June
      455 words
    • 317 14  -  Superior gave him go-ahead, court told By Catherine C. Ong Hongkong Correspondent HONGKONG The extent to which Hongkong bankers accepted gifts from customers before the major clean-up of the banking sector in 1986. was highlighted in a court case here which ended with a
      317 words
    • 152 14 WITH THE conversion of Singapore Press Holdings into a newspaper company, the biggest holder of management shares in the newspaper group is Great Eastern Life Assurance Co Ltd. Great Eastern Life has 34.8 per cent of the 2.46 million management shares issued.
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    • 425 15 RIDING on the current property boom, the occupancy rates of all major property sectors rose sharply in the first quarter of this year, with the occupancy of residential units reaching an all-time high of 93.9 per cent. Statistics released this
      425 words
    • 289 15 KEPPEL Shipyard has clinched a $6O-million contract to convert a Soviet whale ship into what will be the world’s largest floating fish factory. The contract covers modernisation and transformation of the 33,154 gross registered tons vessel, Sovietskaya Rossiya, into
      289 words
    • 393 15  -  Jurong move a change of heart By GOH ENG YEOW HAVING returned to profitability last year, United Engineers Ltd (UEL) can soon add to its list of achievements the redevelopment of two major sites owned by it. To take advantage of the increased demand
      393 words
    • 754 15 Sharemarket review ALTHOUGH prices fell across the board, doubledigit gains in several component stocks pushed the Straits Times Industrials Index to yet another postOctober 1987 Crash high of 1,381.49 yesterday. Reflecting the otherwise weak tone of the market, declines outnumbered advances by
      754 words
    • 258 15 COLD STORAGE Holdings has said It disposed of its 42-per cent share In Cold Storage Malaysia (CSM) because of CSM’s “disappointing performance” in the last three years. The Stock Exchange of Singapore had earlier asked Cold Storage to explain why
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    • 6810 16 All shares quoted have a par value of $l, unless otherwise specified. Adjusted for scrip/rights. N Tai-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 lots of
      6,810 words
    • 220 17 Manager’s prices for August 19 21 Singapore Unit Trust The Commerce 1.19—1.26 The Savings Fund 1.07-1.13 Spore Prog Fund 048-052 S'pore Sec Fund 0 74—0 79*d S'pore Invest Fund 0 85-0 90 S'pore Equity Fund 0.56-0 60 Asia Unit Trust Ma! Invest Fund 1.56-1.65 Mai Prog Fund 0.42-0.45
      220 words
    • 648 17 Friday August 11 HKt Amoy Propartiat 3 00 -0 075 Ash Sac lnt'1 2 00 Asia Sac War 91 ose 4.04 Bank of EA 1« 10 -0 05 Bond Coro Int'l 181 •0.02 Bond Corp War 91 082 •0 02 Cabis ft Wirei*as 67 SO -0 50 Cafe da
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    • 61 17 THE Straits Times Industrials Index rose 4.08 points on the week to 1,381.48 points. Day-to-day Indices: MONDAY: 1,378.86 (up 2.50); 188.01 m units (8227 m); TUESDAY: 1,371.57 (down 8.31); 118.15 m units (fltB.slm); WEDNESDAY: 1,377.38 (up 5.73); 118.84 m units ($161.25m); THURBDAY: 1,375.58 (down 1.74); 118.83 m
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    • 64 17 THE New Straits Times Industrials Index rose 12.84 points on the week to a new high of 2,488.88 points. MONDAY: 2,387.17 points (up 4.11); 183.488 m units (valued M3156.584m); TUESDAY: 2,383.88 (down 13.18); 81.18 m units (M8115.884m); WEDNESDAY: 2,388.88 (up 5.18); 85.886 m units (M8182.87m); THURSDAY: 2,384.86
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    • 47 17 THE Hongkong Hang Seng Index fell 38.78 points to 2,573.61 on MONDAY: 2,848.38 points (up 27); turnover HK31.87S billion; TUESDAY: 2,638.18 (down 2.2); HKNU4I million; WEDNESDAY: 2,835.88 (down 2.28); HKSI.B6 MlUon; THURSDAY: 2,618-88 (down 18.82); HK3788.81 million; FRIDAY: 2,573.61 (down 4SJ7); HKSI.62 billion.
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    • 400 18  -  By SHARON LAU THE Singapore dollar is “substantially undervalued” against the l'S dollar and the Government may let it appreciate if inflation rises, said Nomura, the world’s biggest securities firm. In Its August investment Review, Nomura said the currency’s undervaluation when compared with its
      400 words
    • 356 18  -  Their aim: To sell $150m worth of properties By CAROLINE CHAN MORE than $l5O million worth of Singapore properties will be promoted in Hongkong this weekend by 20 real estate agencies in what will be the Republic's biggest property exhibition so far
      356 words
    • 110 18 SUVA Malaysian businessman Robert Kuok increased his commitment this week to Fiji and the South Pacific with a new tourist resort, joining Japanese consortium EIE Corp as a major investor in the region. Hongkong-based Mr Kuok’s Shangri-La chain signed a joint-venture deal on Monday
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    • 277 18  -  By LYNETTE ONG PLANS are afoot to set up a business association to help Hongkong businessmen emigrating here adjust to the Singapore lifestyle. The driving force behind the proposed Hongkong Business Association is a group of six Hongkongers working in Singapore. The group,
      277 words
    • 82 18 AMCOL Holdings Ltd, which acquired The Octagon for $l3l million last month, has reported a 30per cent jump in pre-tax operating profit to $7.77 million for the half-year ended June 30. Group turnover rose 48 per cent to $282.44 million. Bottom-line earnings were up 69 per cent
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    • 182 18 BOLSTERED by the strong rebound in the world shiprepair industry, Jurong Shipyard Industry Ltd has almost doubled its earnings for the first half-year Group pre-tax profit jumped to $23.4 million for the six months to June 30, compared with $12.63 million in the corresponding period
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    • 271 18 Company RIGHTS ISSUE Berjoya Corpn One-tor-one M$1 30 per shore Ex date: July 21 Books close: Aug 4 Acceptance Payment: Sep 15 Hotel Prop One tor two $1.10 per share with one detachable warrant Ex date: July 17 Books close: July 27 Acceptance Payment: Sep 4 Keppel Finance
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    • 394 18 Company RIGHTS ISSUE Alrorr Cap*'ai reducon from M$8: 56 »o ♦tvo-gn a wr«*« down of V$ pa' vai-.e to M$0 20 followed by *h© consolidation ot v© of 20 sen sha'© into one strode a* M$ each fr.ghts $we o* *vee fo' one stf M$0 80 Aye' Hitair
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    • 337 18 IN THE first half of this year alone, Malaysia approved investment projects by Singapore companies worth SS500.1 million, the Malaysian Trade and Industry Minister, Datuk Seri Rafidah Aziz, has disclosed. Datuk Seri Rafidah, who led a 30-member delegation of State and
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    • 494 19  -  By STEVEN PAK DBS BANK, the last of the Big Four to announce interim results, has exceeded market expectations with a 30.9-per cent jump in group net profit to $112.87 million, helped by vastly higher net interest earnings and increased contributions from
      494 words
    • 565 19 Current Ex Book* Dcte Total tor Total for payment date clou payable the year last year Alex HHgs 6%lbl Aug 29 Sep 8 Sep 26 6% 6% Avimo I0%TE(!) Oct 6 Oct 26 Nov 15 I0%TE 25% TE B M T '00% Oc* 19 Oc* 31 Nov 6
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    • 186 19 KUALA LUMPUR The tin industry should not be unduly worried over the recent price fail in the Kuala Lumpur Tin Market (KI.TM) as it could be only a short-term feature, Association of Tin Producing Countries (ATPC) Execu-tive-Director Redzwan Sumun said last Friday. He
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    • 24 19 KUALA LUMPUR tin closed yesterday at M 522.69 per kilo, down 3# sen from Thursday’s price and 92 sen since last Friday.
      24 words
    • 241 19  -  By SALMA KHALIK MR LIM HOCK SAN, direc-tor-general of the Civil Aviation Authority of Singapore, resigned from SlA's board last week. Mr Lim, who has served on the board for seven years, said he was leaving because he is busy with other work commitments.
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    • 631 19 Week ended August 11 Compiled by JULIANA TAY PRELIMINARY RESULTS Company Year to Group pre-tax Net earnings Gross profit/loss (L) per share dividend ('000) (cents) BMT Jun 89 $726<$517! 1697(***** 100(100) Berjuntoi Apr 89 M$10.047($2.270) 231(34) 30(71 I no Oxygen Jun 89 M$28.5S7 12 5031 7 7(4 7)
      Compiled by JULIANA TAY  -  631 words






  • Page 20 Advertisements
    • 250 20 8 The Straits Times Now, keeping in i,L.. > 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
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    • 141 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 us
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  • Page 21 Advertisements
    • 1193 21 APPOINTMENTS SreKifri 4 leading motor distributor is seeking for a suitably qualified individual to assume the position of PARTS MARKETING MANAGER Reporting to the General Parts Manager, the successful candidate will not only be responsible for the sales and marketing of automotive parts, but also, the turnover and profitability. To
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    • 1067 22 APPOINTMENTS TANGS Our subsidiary company. Gamut Trading Pte Ltd invites applications for the position of: ACCOUNTS ADMINISTRATION EXECUTIVE The successful candidate should possess an Accounting degree or an equivalent professional qualification with at least 2 years of relevant experience in a retail environment A good operating knowledge of electronic data
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  • TIMESPORT
    • 477 23  -  Reward for his second 300 in a year $lOO,OOO plus a car By LEE WAI WUN NEVER in his wildest dreams did Jack Wong imagine he would shoot two perfect games within a year. At the Singapore Open last Saturday night, the national
      477 words
    • 455 23 SPRINTER Haron Mundir played the role of a model athlete to perfection in the VIP room of the Subang Airport here on Wednesday. Haron, who arrived with a contingent of 99 Singapore athletes, boxers, traditional boat racers, weightlifters, cyclists and shooters, found himself singled
      455 words
    • 358 23 SINGAPORE’S Sea Games soccer team received a massive dose of confidence for the Sea Games when they trounced Qatar 4-1 in a warm-up match at the National Stadium on Thursday night. Showing greater commitment than they did against Perak on Tuesday when
      358 words
    • 115 23 JOCKEY K C Ng and trainer Bonny Ng, who both skipped the local tnrf to take np Jobs at the Macan Jockey Club, escaped unhurt when seven shots were fired into their flat on Aug 7 the New Paper reported on Thursday. Mr Antonio Eduardo,
      115 words
    • 45 23 SINGAPORE’S first-choice goalkeeper David Lee is out of the South-east Asia Games soccer team after failing a fit- ness test on Tuesday. His place in the team will be taken by reserve Abdul Malek. The other goalkeeper will be Easwaramoorthy Pillai.
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    • 746 23  -  RACING by RON TEO MENTION names like Entertainment, Cinema or Film Studio to the older generation of racegoers and immediately the word Shaw springs to mind Shaw Bros Organisation, a household name in the field of entertainment and the cinema world,
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  • 576 24 Reactions to Singapore statement on US bases JAKARTA The future of Asean’s existence is under threat as a result of Singapore’s offer to host United States military facilities, retired Indonesian General Sumitro said in a commentary published on Wednesday in the afternoon
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  • 189 24 Kl ALA Lt'MPl'R Malaysian Foreign Minister Datuk Abu Hassan Omar said on Thursday Soviet objection to establishing any US bases in Singapore was one reason why Malaysia opposed Singapore’s offer to accept such facilities. “One of the reasons why we
    189 words
  • 90 24 BEIJING China has expressed tacit disapproval of Singapore’s offer to host some US military facilities now located in the Philippines. "China’s principal stand is that it is against the establishment of military bases in one country by another country," a Foreign Ministry spokesman said when asked about
    90 words
  • 206 24 THE wife of former Cabinet minister S. Rajaratnam died in hospital yesterday afternoon. Mrs Piroska Rajaratnam, 75, suffered respiratory failure due to pulmonary pneumonia. She had been suffering from lung trouble for sometime. According to Mr Dennis Bloodworth, a long-time friend of the Rajaratnams, Mrs Rajaratnam
    206 words
  • 470 24  -  By Kalimullah Haasan, Writing for The Straits Times KUALA LUMPUR Umno Youth on Wednesday i delivered a protest note to the Singapore High Commission over Singapore’s I offer to allow the US to set up some military facilities in the Republic. A delegation
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  • 208 24 SINGAPOREANS should not pay too much attention to criticisms from various individuals and groups in Malaysia, said the outgoing Malaysian High Commissioner Dato K. Tharmaratnam yesterday. The only opinion that mattered was that of Prime Minister Datuk Seri Dr Mahathir Mohamad.
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