The Straits Times : Weekly Overseas Edition, 21 October 1989
1989-10-21
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The Straits Times : Weekly Overseas Edition
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Title Section20 1989-10-21 1 The Straits Times WEEKLY OVERSEAS EDITION SATURDAY, OCTOBER 21, 1989 Price: 551.20 (in Singapore) Elsewhere by subscription only MCI(P) 37/8/8920 words
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Article, Illustration661 1989-10-21 1 CHENG SHOONG - PM, Mahathir agree to help build rapport at lower levels By CHENG SHOONG TAT: Kuala Lumpur SINGAPORE and Malaysia agreed on Thursday to ensure that bilateral relations do not become “stiff and formal”, leading to unnecessary “stand offs”. Prime Minister Lee Kuan Yew told661 words
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Article, Illustration576 1989-10-21 1 MILLION \IKK kwek Hong Png, the patriarch of the Hong I.eong group of companies, was on Wednesday charged with abetting his nephew, Quek Leng Chye, to commit criminal breach of trust of $842,892. Both uncle and nephew are out on cash bail of576 words
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Page 1 Advertisements
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Advertisement95 1989-10-21 1 S’pore mart biggest Friday-the-13th plunge loser: Page 15 HOME Judge rejects bid to try Francis Seow in his absence PAGE 8 Former Drexei vide-president accused of s2.lm fraud PAGE 5 Final submission by PM’s QC in libel suit against Review PAGE 6 Breathing life back into S'pore's riverfront PAGE 795 words
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Advertisement14 1989-10-21 1 iacaiiaaa an apycaaaa* 3Tk2 !!K '"ll^iwn f# j? jaat ni Membership has its privileges.14 words
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NEWS FOCUS
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566 1989-10-21 2 SANDRA DAVIE - By SANDRA DAVIE HUNDREDS of Singaporeans are unhappy with the deal they are getting from some of Western Australia's schools and colleges. An oft-heard complaint is that some colleges which offer degree courses are not universities. Students said the brochures and even566 words
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493 1989-10-21 2 education centres. — SANDRA DAVIE - education centres. SANDRA DAVIE. THE Australian education authorities have agreed to a request by the Singapore Education Ministry to ensure that only approved Australian colleges and universities sell their services in Singapore. Under the plan, these institutions can only advertise for493 words
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Article, Illustration244 1989-10-21 2 A NINJA master, a former Singaporean, is championing the rights of Asian students in Perth by calling on the Western Australian government to have tighter control on its schools and universities. Mr John Ang, 40, president of World Ninja Society in Perth, said many244 words
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865 1989-10-21 2 PRIME Minister I,ee Kuan Yew has said that it was “no small achievement” that the Commonwealth had remained a useful organisation despite the many regional pulls which its member countries experienced. “Many of us became independent in the tempestuous 50's and 60’s.865 words
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510 1989-10-21 3 CATHERINE C. ONG - It will be the yardstick by which all other laws will be measured: AG By CATHERINE C. ONG Hongkong Correspondent HONGKONG A Bill of Rights, a charter of human rights to be enacted in Hongkong next year, will take supremacy over510 words
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147 1989-10-21 3 AFP. KUALA LUMPUR Malaysia has been towing Vietnamese refugee boats out of its territorial waters, pushing back more than 2,000 people between May and October, diplomats and United Nations officials said. “We are concerned with these developments. We have made representations to theAFP. - 147 words
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Article, Illustration380 1989-10-21 3 Agencies JAKARTA Pope John Paul has attacked birth control in Indonesia, a Third World pioneer in restricting population growth. In the final speech of his five-day visit to predominantly Muslim Indonesia last Friday, he told Catholic bishops: “You areAgencies - 380 words
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231 1989-10-21 3 AFP. SYDNEY Police were baffled this week over the murder of a Malaysian-born doctor who was gunned down at close range on Monday night as he returned to his Sydney mansion. A police spokesman said no motive had been found for the murderAFP. - 231 words
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188 1989-10-21 3 THE Elections Department chief, Mr Robin Chan, will head a 20-man team to Namibia next week to help in the country’s election the first time a Singapore team is helping in an election overseas. The team will leave for the south-west African state on188 words
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555 1989-10-21 3 PHILIP LEE - By PHILIP LEE now visiting Vancouver VANCOUVER Singaporeans who have migrated to Canada and settled in Vancouver will soon have an organisation to look after their interests. The Vancouver Singapore Gub held its inaugural meeting at the Ming Court Hotel555 words
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Article, Illustration175 1989-10-21 3 ALAN HUBBARD - ALAN HUBBARD. A CHINESE girl who has helped to organise charity horse races in Singapore has the job of selling England as a holiday resort. Ms Jin Mui Tchan, 34 (“actually I’m known as Jane"), is the new head175 words
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Article, Illustration1590 1989-10-21 4 The Prime Minister, Mr Lee Kuan Yew, was recently interviewed by A. Kadir Jasin, Editor-in-Chief of the New Straits Times. He answered questions on Singapore-Malaysia ties and in particular his close relationship with the Malaysian Prime Minister, Datuk Seri Dr Mahathir Mohamad. Mr1,590 words
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910 1989-10-21 4 PM on CHOGM in Kuala Lumpur k.ADIK JASIN: Mr Lee, you're leading the Singapore delegation to the CHOGM In kuala Lumpur, and you have had the honour of hosting a similar meeting a long time ago in 71. What major changes have you seen910 words
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1345 1989-10-21 9 Singapore is a leading exporter of skilled manpower to Australia, according to a recent emigration study by two researchers from the Institute of South-east Asian Studies. More skilled people from the Republic left for Australia than those from four Asean countries Thailand,1,345 words
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Article, Illustration636 1989-10-21 9 CHOW CHEE SUN - PROFILE: Kwek Hong Png By CHOW CHEE SUN KWEK Hong Png. the patriarch and founder of the Hong Leong group of companies and Chairman of City Developments Ltd, is a shy and retiring person. But this week, the billionaire was636 words
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HOME
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391 1989-10-21 5 says Teng Cheong CUSTOMS should not be preserved blindly but should change with time to meet the needs of new generations, Second Deputy Prime Minister Ong Teng Cheong has said. Speaking in Mandarin at the launching of a handbook, Chinese Customs and Festivals in391 words
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Article, Illustration631 1989-10-21 5 Chok Tong unveils top designs for a Singapore Dress THE Search for a Singapore Dress took one full step forward last week with the selection of orchid designs which will be promoted as the material for the outfits. The First Deputy Prime Minister and631 words
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308 1989-10-21 5 FRANCIS Dang Yong Chiang, former vice-presi-dent of the Singapore branch of US-based commodities and securities trading firm, Drexel Burnham Lambert, was charged on Thursday with cheating the firm of $2.17 million. No plea was taken from Dang, who is now jobless. His lawyer,308 words
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118 1989-10-21 5 THE first delegation of Singapore MPs to visit the USSR left last Friday under the leadership of the Speaker for Parliament, Mr Tan Soo Khoon. Among the five-member team is Non-Constituency MP, Dr Lee Siew Choh, of the Workers’ Party. The other three118 words
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99 1989-10-21 5 heels’.” – ALAN HI BBARD - heels’.” ALAN HI BBARD. LONDON Sex and scandal may be strong points with the British press. History and geography dearly are not. The London Evening Standard reported last week that Queen Elizabeth’s "current jaunt to Singapore is tinged with a slight melancholy”. Its99 words
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Article38 1989-10-21 5 THREE Middle East airlines Emirates, Gulf Air and Egyptair are set to fly to Singapore next year. Another two, Kuwait Airways and ZAS Airline of Egypt, will carry out feasibility studies on operating to Singapore.38 words
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276 1989-10-21 5 PARENTS of Malay drug inmates have supported the call made by an Islamic organisation for mandatory caning for hard-core drug addicts. They told Mr Harun Abdul Ghani, Political Secretary (Home Affairs) at a dialogue session that caning would make ex-addicts think twice before276 words
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70 1989-10-21 5 MOUNTING costs will result in Hongkong business tycoon Deacon Chiu increasing his investment in Singapore’s Tang Dynasty Village, a movie studio-cum-theme park, from $5O million to $7O million. A report in The South China Morning Post said Far East Holdings International, one70 words
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PM’s libel suit against the Far Eastern Economic Review
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1010 1989-10-21 6 Court reserves judgment after 15-day trial MR JUSTICE L. P. Thean re served judgment in Mr Lee Kuan Yew’s defamation suit against the Far Eastern Economic Review after hearing the Prime Minister’s counsel argue in final submissions on the 15th1,010 words
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Article, Illustration1206 1989-10-21 6 THERE is ample evidence that the Review was motivated by express malice and deliberately set out to discredit Mr Lee Kuan Yew when it ran its Dec 17. 1987 article, QC John Previte argued. Rounding up his final submissions, he1,206 words
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794 1989-10-21 7 PM’s libel case MR LEE Kuan Yew deserves aggravated damages, because the Review conducted its case aggressively to do "the maximum damage within their power to cause maximum hurt to the Prime Minister”, Mr John794 words
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Article, Illustration548 1989-10-21 7 ly NARENDRA AGGARWAL - $128m project to make Clarke Quay a diners’ delight gets off ground By ly NARENDRA AGGARWAL COME 1993, Singaporeans and tourists will be able to dine in style by the Singapore River along widened promenades of both Boat Quay and Clarke Quay as well548 words
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102 1989-10-21 7 SINGAPORE’S first traditional Chinese inn named the Inn of the Sixth Happiness after a 1938 film starring Ingrid Bergman will open in Chinatown by early next year. The inn at Erskine Road, off South Bridge Road, comprises an old four-storey building and the adjacent102 words
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274 1989-10-21 7 HOTELS reached average occupancy rates of 90 per cent in July, the highest in eight years, as visitor arrival figures continued to soar at a rate that will bring in five million visitors to Singapore early next year. This outlook was given274 words
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Article61 1989-10-21 7 PAGERS love ’em or hate ’em, they are here to stay. With one in 12 Singaporeans carrying them, the Republic is fast becoming a beeper society. The 225,009 pagers in use in Singapore make it one of the world’s most pager-intensive countries, says Singapore Telecom. Pagers been61 words
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Article, Illustration384 1989-10-21 8 ALAN HUBBARD - By ALAN HUBBARD Europe Editor LONDON lawyer Francis Seow flew into Guidon from New York last Friday and said he woold be returning to Singapore to face tax evasion charges “in due course”. “I’ll be going384 words
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357 1989-10-21 8 SINGAPORE and the United States have agreed on the increased use of Singapore’s facilities by the US Navy- and Air Force, the Ministry of Foreign Affairs announced on Wednesday. "There will be more use of Singapore’s maintenance and repair facilities by US357 words
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176 1989-10-21 8 IT TOOK four policemen to arrest opposition politician Wong Hong Toy for alleged disorderly behaviour in public, a magistrate’s court heard on Wednesday. PC Toon Weng Kiong said that he and his partner were making stepped-up patrols after a spate of176 words
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178 1989-10-21 8 THREE Permanent Secretaries in key ministries and statutory boards will rotate their positions from November 1. Mr J. Y. Pillay will give up his appointments as managing director, Monetary Authority of Singapore and managing director, Government Investment Corporation to take over from Mr178 words
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707 1989-10-21 8 SUMIKO TAN - Income-tax summonses served in a ‘defective and invalid’ way By SUMIKO TAN A DISTRICT judge this week ruled that lawyer Francis Seow could not be tried in his absence on 60 income-tax summonses as they were served in a "defective and707 words
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Article, Illustration504 1989-10-21 8 CANADA is not out to cream off th? best talent from South-east Asia although it is keen to attract more immigrants and refugees from the region, visiting Canadian Prime Minister Brian Mulroney said. Replying to a question during504 words
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across the CAUSEWAY
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Article, Illustration826 1989-10-21 10 ISMAIL KASSIM - By ISMAIL KASSIM: Kuala Lumpur THE Spirit of '46 party emerged from its annual general assembly last week with a new set of elected leaders and its unity intact, despite the competition for posts. The national leadership underAFP picture. - 826 words
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356 1989-10-21 10 ISMAIL KASSIM - ISMAIL KASSIM. KUALA LUMPUR The opposition Democratic Action Party (DAP) wants to be in the government one day so that it can implement its programme to build a more just and equal society, its MP for Bandar Kuching, Mr356 words
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Article, Illustration294 1989-10-21 10 Bernama. KUALA LUMPUR Umno Youth has no plans to hold demonstrations in protest against a statement by former Prime Minister Tunku Abdul Rahman that the Malays should get rid of Umno and unseat Datuk Seri Dr Mahathir MohamadBernama. - 294 words
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117 1989-10-21 10 KUALA LUMPUR Datuk Seri S. Samy Vellu was returned as president of the Malaysian Indian Congress last Sunday heating his deputy, Datuk S. Subramanlam, by a majority of 4,503 votes. Datuk Samy Vellu received 11,868 votes while Datuk Subramanlam, got 7,305 votes in a117 words
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237 1989-10-21 10 Bernama. PETALING JAYA Malaysia may face a shortage of workers within five years, if the 500,000 foreign workers now in the country are not allowed to continue, a senior Labour Ministry official said this week. Mr Alias Sulaiman, Direc-tor-General of the Manpower Department, saidBernama. - 237 words
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91 1989-10-21 10 Bernama. KUALA LUMPUR The government will no longer sponsor students to New Zealand from next year following the country’s new policy to charge foreigners full fees. The Deputy Education Minister, Dr Leo Michael Toyad, replying to a question from an opposition MPBernama. - 91 words
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CAUSEWAY/ ASEAN
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649 1989-10-21 11 KUALA LUMPUR A Malaysian editor has held out the prospect of activists in Singapore and Malaysia using a new channel set up by the People’s Action Party for discussion of sensitive issues. Although the group did not represent the649 words
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107 1989-10-21 11 KUALA LUMPUR The opposition Democratic Action Party has urged the Commonwealth to prevent human rights abuses by Malaysia and other members of the grouping. Vice-chairman Karpal Singh said on Tuesday he would send a memorandum to the Commonwealth leaders urging107 words
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Article45 1989-10-21 11 KUALA LUMPUR A 13-year-old schoolboy, too afraid to go home after his family had been told he stole some items from a shop, stayed back in school and hanged himself in his classroom during the night. His body was found the next morning.45 words
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307 1989-10-21 11 NST. KOTA KINABALU lawyers from from Peninsular Malaysia may find it more difficult to represent clients in Sabah from next year if a proposal by the Sabah Law Association (SLA) is accepted by the state government. SLA president Richard Malanjum said theNST. - 307 words
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110 1989-10-21 11 KOTA KINABALU Datuk Joseph Kurup, the secre-tary-general of the ruling Parti Bersatu Sabah in Sabah, has been appointed the state’s Deputy Chief Minister to replace Datuk Mark Koding who left the Cabinet and party in August. Chief Minister Datuk Seri Joseph Pairin Kitingan,110 words
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Article36 1989-10-21 11 KUALA LUMPUR Nomination day for the Sungai Besar state seat in Selangor is Oct 21. Polling will be on Nov 1. The by-election follows the death of former assemblyman Abu Samah Nordin on Oct 4.36 words
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Article, Illustration261 1989-10-21 11 AFP. HONGKONG Philippine opposition Senator Juan Ponce Enrile has emerged as the head of one of the fastest-growing conglomerates in the country, the Par Eastern Economic Review reported here. The Hongkong-based weekly said Jaka Investments Corporation, a holding company 73 per cent ownedAFP. - 261 words
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Article, Illustration327 1989-10-21 11 NYT AP Reuter HONOLULU Hundreds of people turned out to see former Philippine president Ferdinand Marcos laid “temporarily to rest” in a flower-covered shed more than 8,000 km from his homeland. Mr Marcos’ body rested on a bier of flowers andNYT; AP; Reuter - 327 words
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249 1989-10-21 11 BANGKOK Foreign Minister Air Chief Marshal Siddhi Savetsila has said there Is no conflict between him and Prime Minister Chatichai Choonhavan over Thai policy towards the Cambodian conflict, The Nation reported. He also said he supported the Thai Premier’s initiative aimed at restoring249 words
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Article92 1989-10-21 11 Reuter JAKARTA The Indonesian government will increase domestic air and sea fares between 5 and 20 per cent from Nov 1, a Communications Ministry spokesman said. He said the steady devaluation of the rupiah against the United States dollar forced the increase because halfReuter - 92 words
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Commonwealth Summit
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1014 1989-10-21 12 LIAK TENG KIAT - By LIAK TENG KIAT THE choice in Cambodia is not between the Viet-namese-installed Hun Sen regime and the genocidal Khmer Rouge, Mr Lee Kuan Yew said. The Western media is wrong in thinking this was the case, just as it was wrong about what1,014 words
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Article, Illustration708 1989-10-21 12 TAN TARN HOW - By TAN TARN HOW KUALA LUMPUR The Commonwealth Heads of Government Meeting opened on Wednesday with much pomp and ceremony. but quickly got down to business with the host. Prime Minister Datuk Seri Dr Mahathir Mohamad of Malaysia, delivering a hard-hitting708 words
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831 1989-10-21 12 LIAK TENG KIAT - LIAK TENG KIAT. KUALA LUMPUR Hongkong would be able to obtain better terms for itself from China if 200,000 families from among its professionals and technical people were in a position to tell China that they would leave unless certain conditions prevailed831 words
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Article, Illustration172 1989-10-21 13 PRIME Minister Benazir Bhutto, leading Pakistan hark into the Commonwealth fold after 17 years, stole the limelight at the group’s summit in Kuala Lumpur on Wednesday. Malaysian Prime Minister Datuk Seri Dr Mahathir Mohamad expressed the Commonwealth’s delight at what heAFT picture. - 172 words
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688 1989-10-21 13 TAN TARN HOW - HK delegations lobby Commonwealth leaders By TAN TARN HOW PRIME Minister Lee Kuan Yew has told two representatives sent to Kuala Lumpur by a group of Hongkong businessmen to lobby for full citizenship for Hongkongers that688 words
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174 1989-10-21 13 KUALA LUMPUR British Prime Minister Margaret Thatcher has told Commonwealth leaders that it would be very helpful if the heads of government meeting could state unequivocably its support for Hongkong and call on China to rebuild confidence in the colony. She also said that Hongkong174 words
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Article, Illustration364 1989-10-21 13 AFP NIGERIA’S Emeka Anyaoku, named on Wednesday to succeed Sir Shridath Ramphal as secretary-general of the Commonwealth, is an experienced diplomat whose mild manner masks some firm convictions. Associates describe him as a “quintessential diplomat", never subservient but shunning confrontation for clever persuasion.AFP - 364 words
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461 1989-10-21 13 KUALA LUMPUR The Australian Prime Minister, Mr Bob Hawke, on Thursday presented a five-point plan of action on Sooth Africa to the Commonwealth Heads of Government Meeting (CHOGM) In the Malaysian capital. The plan included new financial sanctions. Mr Hawke also461 words
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COMMENT/ Pick of the week’s editorials
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Article630 1989-10-21 14 OCT 20. 1989 PRIME Minister Lee Kuan Yew's revelation two weeks ago, during a visit to Jakarta, that Singapore is considering buying water from Indonesia raises once more that sensitive issue of Singapore’s water supply. Water is one of several strategic commodities in which any nation would630 words
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Article630 1989-10-21 14 OCT 18. 1989 AS A gathering of nations, the Commonwealth has political assets which are not readily evident, perhaps not even to its own members. Mundane as it may sound, when Commonwealth leaders meet, as they do in Kuala Lumpur today, having English as a630 words
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Article625 1989-10-21 14 OCT 17, "989 Rightly the Government has acted to help protect Singaporeans planning to study aoroad from being cheated. We refer to the Education Ministry’s proposal that only approved Australian colleges and universities can advertise here for students. The suggestion was made against a background of many625 words
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746 1989-10-21 14 THE SOURCE THERE have been in real life stories, officially kept under wraps for years but can only now be told. By, of course, the proper source and in due proper time and before the proper audience. One such "inside story" of746 words
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Article155 1989-10-21 14 “What has not been proven is their reaetions under fire. I believe out of 12 of them, at least two or three will not melt however great the heat, and we need only one to succeed.” PM Lee Kuan Yew expressing his confidence in the competence of younger155 words
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TIME$
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1280 1989-10-21 15 Aftermath of the Friday-the-13th Wall Street sell-out WIDESPREAD profit-taking following a sharp rally trimmed gains before the close of trading yesterday and left the Singapore stock market the biggest net loser among the Far Eastern bourses of the Fridav-the-13th Wall Street sell-out. After1,280 words
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Article151 1989-10-21 15 COUNTER RATES Singapore dollars to on* unit of foreign currency Buying OD Selling US dollar 1 9440 1.9620 Sterling pound 3 0896 3.1412 Australian dollar 1 4931 1.5319 Canadian dollar 1 649? 1 6776 NZ dollar ***** 1.1703 Singapore dollars to 100 units of foreign currency Austrian schilling151 words
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449 1989-10-21 15 GEOFFREY HARRIS - By GEOFFREY HARRIS Writing for The Straits Times MELBOURNE Continuing losses have prompted Chuan Hup Australia Ltd to announce plans for the sale of its major operating asset, Finbar Marine Pty Ltd. Chuan Hup Australia directors have said after449 words
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372 1989-10-21 15 CHOW CHEE SUN - CHOW CHEE SUN. IN A move on Wednesday which did not surprise many, Hotel Properties Ltd bought a significant stake in long-rumoured takeover target Malayan Credit. The listed hotel and property developer, the investment vehicle of aggressive dealmaker Ong Beng Seng,372 words
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Article6509 1989-10-21 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 of6,509 words
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Article252 1989-10-21 17 Manager's prices for October 21 23 Singapore Unit Trust The Commerce 1.17—1.24 The Savings Fund 101-107 S pore Prog Fund 0 45-0 49xd S'pore Sec Fund 0 74-0.79 Spore Invest Fund 0.78 —0.83 S pore Equity Fund 0 55-0 59 Asia Unit Trust Mai Invest Fund 1 59—1252 words
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Article612 1989-10-21 17 Friday (Motor 20 HKI 0 831 *♦•0.02 Amoy Properties 3 025 0 025 Asia Sec Int'l 2 15 0 064 Aala See War 91 0 56 003 Bank of EA 1510 *040 Bond Corp Int'l 1 65 0 07 Bond Corp War 91 070 0 06 097 -0 03612 words
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Article61 1989-10-21 17 THE Straits Times Industrials Index lost 82.28 points on the week to 1,345.60 points. Dav-to-day Indices: MONDAY: 1,285.04 points (down 142.84); 212.40 m units (valued $408.60m); TUESDAY: 1441.83 (up 56.70); 213.63 m units ($422.8m); WEDNESDAY: 1,310.22 (down 31.61); 178.43 m units ($366.8m); THURSDAY: 1437.12 (up 26.0); 05.7861 words
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Article61 1989-10-21 17 THE New Straits Times Industrials Index lost 120.01 points to 2,504.31 points. MONDAY: 2,306.23 points (down 238.10); 89.83 m units (valued M5158.36m); TUESDAY: 2,471.24 points (up 75.01); 94.68 m units (valued M5172.76m); WEDNESDAY: 2,410.00 (down 60.34); 62.00 m units (MSI 17.02 m); THURSDAY: 2,476.04 (up 65.14); 37.7661 words
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Article46 1989-10-21 17 THE Hongkong Hang Seng Index lost 78.35 points to 2,703.05. MONDAY: 2,601.70 points (down 180.6); turnover HK32.24 billion; TUESDAY: 2,605.0 (up 04.2); HKSI.BO billion; WEDNESDAY: 2,628.55 (down 67.35); HKSI.II billion; THURSDAY: 2,663.37 (up 34.82); HKS7SO million; FRIDAY: 2,703.05 (up 40.58); HK31.02 billion).46 words
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624 1989-10-21 18 CAROLINE CHAN - Housing Controller can also block firms selling housing units By CAROLINE CHAN IN A move to protect home-buyers from unscrupulous developers, the Government has formalised a system which will deny errant developers the privilege of selling their housing units before they are completed The National624 words
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132 1989-10-21 18 REACTING to the announcement, the Real Estate Developers’ Association of Singapore (Redas) said it was shocked at. and concerned with, the suspension ruling being applied to Arms with common directors on their hoards. “This would have the effect of making innocent companies suffer simply because132 words
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221 1989-10-21 18 AFP. 'KUALA LUMPUR Food manufacturing giant Nestle (Malaysia) Berhad is to float 21 million shares on the Kuala Lumpur Stock Exchange (KLSE) some time next month, it was reported on Tuesday. The issue of the MSI shares at the price ofAFP. - 221 words
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129 1989-10-21 18 Business Times. FOLLOWING the sale last month of its Singapore Land stake, the Kuwait Investment Otfice of London has become a substantial shareholder and fourth largest in Inchcape Bhd. According to an announcement released on Tuesday, the KIO spent $5.45 million to acquireBusiness Times. - 129 words
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Article, Illustration432 1989-10-21 18 SINGAPORE will fully computerise its processing of trade documents by 1992, Trade and Industry Minister Lee Hsien Loong said this week. Speaking at the official launch of Trade Net on Tuesday, Brig-Gen (Res) Lee called for greater exploitation of electronic data interchange (EDI).432 words
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Article54 1989-10-21 18 HONGKONG Lloyds Bank International Private Banking, which on Thursday launched its regional office here, is opening a representative office in Singapore next week and plans to launch a Singapore-dollar money market fund, targeted at non-residents who already hold Singapore dollars outside the Republic, its senior general manager,54 words
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Article336 1989-10-21 18 Company RIGHTS ISSUE Ayer Hiram Tin One tor-three M$1.30 per shore Ex date: Oct 12 Books close: Oct 26 Acceptance Payment: NY A Eu Yan Sang Renounceoole one-tor-one rights issue of $5 98m 3% unsecured loon stock '989 i994 at par One TSR will Pe allotted ‘or every336 words
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Article305 1989-10-21 18 Company RIGHTS ISSUE Ambarsodor Two-for-one $1 10 per share C 1 Holdings issue ot 27mloon stoc«s n the ratio ot $3 loan stoc« for every five ordinary shores held FACS One-for one M$060 per snore Fader Merlin One for-one M$0 25 per shore followed by o snare swap305 words
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577 1989-10-21 19 SIVAN SUBRAMANIAM - Approved traders will enjoy flat tax rate of lOpc By SIVAN SUBRAMANIAM THE Government will introduce a new tax incentive next year to draw big international traders of products and commodities like the Japanese sogo-so-shas (trading houses), American grain traders, high-tech577 words
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299 1989-10-21 19 SINGAPORE’S Asean investments more than trebled to US$59B million (SSI. 17 billion) last year. US-based securities firm Merrill Lynch said in its latest Asian Economic Commentary. The Republic’s investments in Indonesia rose by more than 18 times to US$255 million, while299 words
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Article531 1989-10-21 19 Week ended Oct 13 Compiled by JULIANA TAY AUDITED RESULTS Company Year to Group Net Net earning* Gross profit/loss (L) per share dividend ('000) (cents) API Dec 88 M$I4,*****$ 11.7721) (—I DMIB Bhc Ju" 89 M$21.7311$13.8551 72(461 20(11) I'ngui Jun 89 M$ 17,0541 ($6,2751) —I—) —(—I SBS JunCompiled by JULIANA TAY - 531 words
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Article1029 1989-10-21 19 Current Ei Books Date Total lor Total lor payment date dote payable ttie yaar last yaar A 1 S B '2%lbl Dec 27 Jon 11 Jon 23 12% 10% Amal Steel 8%TEIII Nov 30 Dec 14 Jon 22 8%TE 6%TE Asiatic Dev 2 5% (1) Oc 5 Oc'1,029 words
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FORUM
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630 1989-10-21 20 AFTER reading your editorial entitled “New voice in the House" (ST, Oct 11 Overseas Edition, Oct 14), I can see that the idea of Nominated Members of Parliament is not a bad one except that there isn’t any good reason to introduce630 words
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249 1989-10-21 20 I READ with pride the article about Changi Airport being voted the No.l Airport in the world for the second consecutive year (Sunday Times, Oct 8). I have been to many countries and have observed a few things which, I think, if implemented249 words
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222 1989-10-21 20 I WAS delighted to read in your paper (The Sunday Times, Oct 8) that Changi Airport had been voted the Number 1 airport in the world for the second year running. Among the services provided that contributed to this honour, the report omitted to mention the222 words
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Article168 1989-10-21 20 I WAS very disappointed to read about the restriction on smoking in more public places, which will be effective from Nov 1. (ST, Sept 30). This is because I have been travelling to Singapore quite often and it is one of my favourite places. I believe168 words
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Advertisement239 1989-10-21 20 7!K SfrmisTittH***~ Now, keeping in touch with what’s happening in Singapore couldn’t be easier. Or more economical. Because all the major news of every week is condensed into one paper. The Straits Times Weekly Overseas Edition. Printed on lightweight paper in convenient tabloid size, it fills you in on the239 words
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Advertisement141 1989-10-21 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 from writers who141 words
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Advertisement1238 1989-10-21 21 NATIONAL UNIVERSITY OF SINGAPORE APPOINTMENTS SENIOR STRUCTURAL DESIGN ENGINEER i required with experience in the design and analysis of high-rise reinforced concrete buildings. Work involves all aspects of new building from feasibility to completion and also inspections of old buildings This is a challenging top position in an established consultants1,238 words
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Advertisement1091 1989-10-21 22 APPOINTMENTS Taylor IMCTQII INSTRUMENT ComDustion Engineering is one o? We worlds leading suppliers of engineered products, boasting annual revenues in the order of US$3 4 pillion and employs some 30,000 people worldwide. Due to expansion tne T aylor Instrument Division has vacancies in We Small Systems department for the following1,091 words
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TIMESPORT
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Article, Illustration796 1989-10-21 23 TAY CHENG KHOON; and SHIRLYN HO - Aussies on top of the world after thrashing Pakistan WORLD TEAM SQUASH CHAMPIONSHIP By TAY CHENG KHOON and SHIRLYN HO THE Fighting Kangaroos have done it at last. In one of the biggest surprises in squash history, Australia defeated defending champions Pakistan 3-0 to win the796 words
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Article55 1989-10-21 23 I Australia 2 Pakistan 3 England 4 New Zealand 5 Egypt 6 Finland 7 Sweden 8 Canada 9 SINGAPORE 10 West Germany 11 Ireland 12 France 13 Holland 14 Spain 15 Scotland 16 Malaysia 17 I SA 18 Switzerland 19 Denmark 20 Hongkong 21 Kuwait 22 Italy 2355 words
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435 1989-10-21 23 THE two magicians walked up ready for their respective performances. Both needed to pull enough tricks from their bags to win the decisive tie for their countries. In the end, it was Singapore’s Zainal Abidin whose racket-and-ball trickery put a damper on West Germany’s435 words
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Article151 1989-10-21 23 SINGAPORE, eliminated from the Malaysia Cup Soccer quarter-finals this week for the first time In the history of the prestigious tournament, must win their second last league match against title-contenders and arch-rivals Selangor at the National Stadium on Sunday to retain their hopes of remaining151 words
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374 1989-10-21 23 JOE DORAI - WORLD CUP SOCCER (Asia final qualifying round) By JOE DORAI CHINA and South Korea have been warned to be extra vigilant over possible bribe offers to their players during the current World Cup qualifying soeeer tournament in Singapore. Representatives of374 words
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538 1989-10-21 23 WILFRED YEO - By WILFRED YEO IT IS a long walk from the National Stadium's pitch to its changing rooms, but last night South Korea certainly would not have minded if they had had to make the journey back to their hotel on foot. After all, they538 words
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Article91 1989-10-21 23 NORTH KOREA took another step towards their second World Cup finals appearance with last night’s deserved 24 win (half-time 24) over Qatar at the National Stadium. The victory was their first In the Asia final round and moved the delightful North Koreans Into joint second spot behind91 words
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Article, Illustration902 1989-10-21 24 Relationship ‘will be less close, but they won’t have to carry the emotional baggage of the past’ A NEW generation of Malaysian and Singaporean leaders will have a matter-of-fact relationship as they do not have similar shared experiences like the older902 words
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441 1989-10-21 24 KUALA LUMPUR Prime Minister Lee Kuan Yew said on Thursday that the “considerable excitement" the Malaysian Prime Minister showed initially over Singapore’s offer to host some American military facilities •ould have been avoided had he told him about it when he called on him441 words