The Straits Times : Weekly Overseas Edition, 16 December 1989
1989-12-16
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The Straits Times : Weekly Overseas Edition
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Title Section20 1989-12-16 1 The Straits Times WEEKLY OVERSEAS EDITION SATURDAY, DECEMBER 16, 1989 Price: 551.20 (in Singapore) Elsewhere by subscription only MCI(P) 37/8/8920 words
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Article, Illustration740 1989-12-16 1 BERTHA HENSON - But KL must first approve, he says By BERTHA HENSON PENANG Prime Minister Lee Kuan Yew has expressed the hope that he hoped that more ties could be developed between Singapore and individual Malaysian states in view of the better relations enjoyed740 words
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Article, Illustration651 1989-12-16 1 ISMAIL KASSIM - Malay unity talks By ISMAIL KASSIM: Kuala Lumpur KUALA LUMPUR Prime Minister Datuk Seri Dr Mahathir Mohamad met his arch-rival, Tengku Razaleigh Hamzah, this week but their heart-to-heart talks failed to resolve their differences over the way to achieve Malay unity. During their 45-minute651 words
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Article, Illustration610 1989-12-16 1 KOH BEE ANN - By KOH BEE ANN SINGAPORE Airlines has confirmed its tie-up with Swissair, and with America’s Delta Airlines, the tripartite alliance is expected to lead to the world’s first truly global airline system. SlA’s deputy chairman Lim Chin Beng signed a memorandum of understanding with610 words
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Page 1 Advertisements
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Advertisement66 1989-12-16 1 PM Lee, Tunku in first meeting since 196& Page 9 HOME Big drop in Singaporeans emigrating Higher quality of life answer to emigration problems: PM PAGE 3 Bold plan to merge southern islands PAGE 5 CAUSEWAY Mahathir not likely to raise NEP’s 30pc target for bumiputras PAGE 10 TIMESDOLLAR Orchard66 words
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COMMENT / News Focus
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Article, Illustration797 1989-12-16 2 Political jealousy BSplit in the military President Aquino’s failure to deliver on promises AP. MANILA Political jealousy, military factionalism and the failure of President Corazon Aquino to deliver on the promises of her “people power" revolution account for theAP. - 797 words
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Article, Illustration197 1989-12-16 2 Reuter. MANILA A special congressional committee has said it had found no evidence linking Philippine Vice-President Salvador Laurel to a bloody army coup attempt against President Corazon Aquino. Mrs Aquino last Friday hinted that Mr Laurel might have been involvedReuter. - 197 words
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Article436 1989-12-16 2 Two tunnels on ThaiMalaysia border used as hiding place and operations centre HAADYAI The Communist Party of Malaya (CPM) built two tunnels on the Malavsia-Thai border which they used as a hiding place and operations centre and for entering Thailand, The Star newspaper reported on Friday. One436 words
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328 1989-12-16 2 FOUR former members of the Communist Party of Malaya (CPM) have said in a television interview broadcast that they welcomed the signing of the peace pact between the CPM and the Thai and Malaysian authorities. In an interview presented last Saturday night on the SBC328 words
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NEWS FOCUS
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The Hongkong Standard interviews Prime Minister Lee
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Article, Illustration968 1989-12-16 3 THE answer to the problem of Singaporeans emigrating is to make the quality of life here comparable, on the whole, to what they can get in Australia or Canada, according to Mr Lee Kuan Yew. And Singapore can do it,968 words
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560 1989-12-16 3 MR LEE Kuan Yew has said that he has no intention of retiring from politics after stepping down from premiership next year. In an interview published in the Sunday Standard this week, he said that he would be “quite happy”560 words
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Article, Illustration667 1989-12-16 3 PM on Tiananmen THE consequences of the Tiananmen Square massacre will not be fully known for several years until supreme leader Deng Xiaoping and his Long March comrades leave the scene, Mr Lee Kuan Yew told the Sunday Standard inFile picture. - 667 words
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454 1989-12-16 4 MARY KWANG - Bumper year for Singapore’s securities industry By MARY KWANG REFLECTING the stockbroking industry's robust performance this year, many securities firms and merchant banks here are paying their staff year-end bonuses equivalent to about five to nine months' pay or up to two months454 words
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Article, Illustration522 1989-12-16 4 MAYLEE CHIA - By MAYLEE CHIA CENTRAL Provident Fund savings can be used by over 500,000 households eligible for the Housing Board’s upgrading exercise to enable the older estates to have condomi-nium-like facilities. The Government has already pledged to pay for between522 words
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160 1989-12-16 4 A PANEL studying the feasibility of the National Trades Union Congress setting up its own radio station has recommended that the labour movement go ahead with the $2 million project. A well-placed NTUC source said the panel has sent its report to160 words
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101 1989-12-16 4 THE tomb of late philanthropist Mr Tan Kah Kee’s father, Mr Tan Kee Peck, In <iimet In China’s Fujian province, has been desecrated. His family, which learnt of the violation last month, Is complaining to the Chinese authorities. A family member, who declined101 words
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348 1989-12-16 4 THE Environment Ministry is looking into reports that two manufacturers of microwave ovens. British Dixons and Samsung, have each withdrawn a model from the British market after tests showed these did not always heat food enough to kill bacteria. The British348 words
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151 1989-12-16 4 THE rise in airline ticketing fraud worldwide has prompted Singapore Airlines and three others to form a group to detect the cheats. The others in the group are Malaysia Airlines, Swissair and Air India. SIA lost potential revenue of $1.2 million in the151 words
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HOME
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Article, Illustration579 1989-12-16 5 LOH HUI YIN - Enlarged area to be devoted to chemicals industry By LOH HUI YIN in Business Times AN AMBITIOUS plan to create more industrial land for Singapore could see one big island taking shape to the south of the mainland. The idea is to579 words
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Article136 1989-12-16 5 HOLIDAY-MAKERS who had been planning to visit the Philippines until they heard about the sixth coup attempt two weeks ago are still shunning the country, though a small number of travellers are making plans to go there later this month. Many holiday-makers have switched to nearby destinations,136 words
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254 1989-12-16 5 A SALESMAN, who beat up a Greek flight steward and flight stewardess after their tourist friend decided not to buy a camera, the price of which they had sought, was sentenced to four weeks’ jay by a magistrate last week. The254 words
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413 1989-12-16 5 STEVEN LIM - By STEVEN LIM ILLEGAL moneylenders have harnessed “wind power” to embarrass tardy debtors. As a result, they run foul of not only the police but anti-littering officers as well. These illegal lenders have resorted to printing flyers on which details like the debtor’s413 words
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Article, Illustration337 1989-12-16 5 AGNES CHEN - By AGNES CHEN A YOUNG Singaporean scientist has pioneered a test for detecting orchid viruses which is believed to be 1,000 times more sensitive than any other method now in use. The new method promises to give orchid farmers a cheap and simple way337 words
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98 1989-12-16 5 A BUMP and a touch. That was what a man did when he was attracted by a teenage girl’s big breasts at a shopping centre last month. Lim Cheng Kiat, 40, who was in a monk’s yellow robe, was jailed for three months for98 words
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Article, Illustration135 1989-12-16 6 Police warn operators STRIP mahjong is the latest electronic video game which has been making its surreptitious appearance here and the police have warned that stiff action will be taken against those found having or operating such machines. According to aIJanhe Wanbao picture. - 135 words
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255 1989-12-16 6 A LAW stubbing out attempts by tobacco companies to promote their products will take effect from Jan 1 next year, a government gazette said yesterday. The Smoking (Prohibition on Advertisements) (Amendment) Act. passed by Parliament on Oct 6, tightens255 words
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105 1989-12-16 6 HOMEWARD-BOUND Filipino maids and their employers sending them off at Changi Airport have been approached by touts promising “discounts” for their excess luggage. In at least one case, the victims said the touts extorted money after the “deal” had been made. A senior police105 words
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477 1989-12-16 6 DOMINIC NATHAN - Exercise ‘Safkar Indopura’ ends By DOMINIC NATHAN THE first-ever bilateral army exercise between Singapore and Indonesia, which ended here on Wednesday, has helped bring the two armies and nations closer. The visiting Chief of Staff of the Indonesian Army (TNT-AD),477 words
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117 1989-12-16 6 A RULE barring Singaporeans and permanent residents from buying public flats more than twice has been lifted. They can now buy an HDB or HUDC flat again provided they do so on the open market and occupy it. Previously, those who had117 words
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395 1989-12-16 6 FRANCESCA NATHAN - By FRANCESCA NATHAN MEDINET, the proposed national computerised medical network, has been given the go-ahead. The Senior Minister of State for Education, Dr Tay Eng Soon, announced at the opening of the Medinfo 'B9 Singapore Congress on Sunday. The network, mooted more than three395 words
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185 1989-12-16 6 THE National Productivity Board will undertake a joint project with its Malaysian counterpart to study and implement productivity measures and management guidance. The project will include a comparative study of select»! industries in the two countries and will kick off with the185 words
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552 1989-12-16 7 Number who left plunges from 4,700 in 1988 to 3,000 this year THE number of Singaporeans emigrating has dropped significantly this year, probably because of the buoyant economy, Dr Paul Cheung, director of the Health Ministry’s Population Planning Unit, has said. After rising from an552 words
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388 1989-12-16 7 MATHEW PEREIRA - By MATHEW PEREIRA MARRIED women have been trying to sneak into Social Development Section (SDS) activities, checks with the Registry of Marriages have revealed. But only a quarter of the 200 married people who had been rejected for the computer match-making service were388 words
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189 1989-12-16 7 A FAKE credit card ring in Europe was smashed, thanks to a vital lead provided by Singapore police. Five Singaporeans and a Malaysian who ran the syndicate were arrested following the action. Police sources here said they alerted their European colleagues189 words
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428 1989-12-16 7 PM’s libel suit THE High Court has awarded Mr Lee Kuan Yew full legal costs in his successful libel suit against the Far Eastern Economic Review. Mr Justice L. P. Thean ordered that the costs recovered be paid on the services of428 words
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Article, Illustration709 1989-12-16 7 FORMER Senior Minister S. Rajaratnam last night took another dig at the Western press, poking fun at "peeping tom journalists” and the low esteem in which they were held by their public. In a humorous but barbed speech at the709 words
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Article, Illustration503 1989-12-16 8 SERENA TOH - ‘Competition getting too stiff complaint By SERENA TOH YOUNG dentists are setting up second and third clinics, an indication that they are doing all right, said the new deputy director of medical services (dental) at the Ministry of Health. Associate Professor503 words
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Article59 1989-12-16 8 POTONG Pasir MP Mr Chiam See Tong has filed a question for oral answer at the next sitting of Parliament. He will ask the Minister for Finance whether the latter will make it a legal requirement for directors and executives of publicly-listed companies to make detailed disclosures59 words
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292 1989-12-16 8 THE increase in food poisoning cases is among the reasons why a handbook on food hygiene and food safety, specially written for the layman, has hit the bookshelves. Published by the Environment Ministry, Food for Thought, was launched by the Commissioner292 words
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Article75 1989-12-16 8 THE head of Singapore’s police contingent to Namibia, which supervised recent elections there, has received a new appointment as a District Commander. A police spokesman has confirmed that Supt Lee Kok Leong had been appointed District Commander of Gobabis district, about 210 km from75 words
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93 1989-12-16 8 Go-ahead for S’poreJohor ferry building THE Government has approved the plans for the construction of the ferry terminal at Changi Point which will be one end of a new ferry service linking Singapore and Johor. This comes even as both Singapore and Malaysia have agreed in principle on the need93 words
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Article, Illustration538 1989-12-16 8 CAROLINE CHAN - By CAROLINE CHAN TWO plots of government land in the Central Business District, which were officially sold to private developers last week, will be developed at a total cost of $750 million. The investments, which include land costs538 words
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280 1989-12-16 8 OIL companies have came under fire from practically all quarters including the motoring public and the Consumers’ Association of Singapore (Case) both for increasing their pump prices, as well as the way some of the companies did it. For motorists, the280 words
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across the CAUSEWAY
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Article, Illustration666 1989-12-16 9 BERTHA HENSON - By BERTHA HENSON PENANG Prime Minister Lee Kuan Yew on Monday paid a courtesy call on Malaysia’s elder statesman, Tunku Abdul Rahman, at the Tunku’s residence, Takdir. A smiling Mr Lee, accompanied by the Minister666 words
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257 1989-12-16 9 KUALA LUMPUR Malaysian and Thai police believe they have uncovered a syndicate that uses sex to lure local businessmen to southern Thailand and later kidnap them, The Star newspaper reported this week. Taiping police chief Superintendent Mok Siew Hoong said in257 words
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82 1989-12-16 9 KUALA LUMPUR A committee has been set up by the Umno Supreme Council to look into a report that Umno paid exorbitant prices for furniture at the Putra World Trade Centre (PWTC), the party’s headquarters, a Chinese newspaper Tong Bao this week quoted Education Minister82 words
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Article, Illustration515 1989-12-16 9 KUALA LUMPUR Umno Youth is planning to hold dialogues with Chinese groups to dispel its image as an extremist group, president Datuk Najib Razak told Sin Chew Jit Poh newspaper this week. Datuk Najib said the Chinese community did not understand515 words
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132 1989-12-16 9 KOTA KINABALU The Anti-Corruption Agency (ACA") has completed an initial investigation of Sabah Foundation director Datuk Dr Jeffrey Kitingan relating to allegation of malpractices in the foundation. Dr Kitingan, the brother of Sabah Chief Minister Datuk Seri Joseph Pairin Kitingan, on Tuesday spent another four132 words
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Article, Illustration609 1989-12-16 10 ISMAIL KASSIM - Malaysia’s post-1990 New Economic Policy By ISMAIL KASSIM: Kuala Lumpur PRIME Minister Datuk Seri Dr Mahathir Mohamad has indicated that he is not likely to accede to demands to raise the 30 per cent target for bumiputra ownership of the economy609 words
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330 1989-12-16 10 KUALA LUMPUR Opposition Democratic Action Party MP Karpal Singh was on Monday suspended from the current sitting of the Dewan Rakyat after he refused an order to leave the House. Bernama reported that Mr Karpal Singh was ordered to leave330 words
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Article, Illustration383 1989-12-16 10 KALIMULLAH HASSAN - By KALIMULLAH HASSAN KUALA LUMPUR Deputy Prime Minister Ghafar Baba said last week that Malaysia would send a “friendly note" seeking an explanation from the Asean country which tried to buy its military secrets. But bilateral relations would not383 words
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452 1989-12-16 10 NST. KUALA LUMPUR The Public Works Department was this week cleared of charges that it had overpaid Ms3o million (5521.3 million) to the contractor who repaired a section of the East-West Highway in 1985. But Parliament’s Public AccountsNST. - 452 words
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287 1989-12-16 10 NST. KUALA LUMPUR The Cabinet committee on unemployed graduates has decided to extend by at least a year a scheme giving graduates temporary jobs in the civil service. Education Minister Anwar Ibrahim, who heads the committee, said on Monday that an allocationNST. - 287 words
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CAUSEWAY / ASEAN
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Article, Illustration418 1989-12-16 11 KALIMULLAH HASSAN - By KALIMULLAH HASSAN KUALA LUMPUR Mrs Hamidah Abdul Rashid, 63, was overjoyed when she heard that her communist guerilla husband would soon return home. But last Sunday, she read in the418 words
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198 1989-12-16 11 Bernama. KUALA LUMPUR The government has denied an opposition claim that Deputy Prime Minister Ghafar Baba will resign this month to take over as the chief executive officer of the National Electricity Board (NEB) when it is privatised. Deputy Energy,Bernama. - 198 words
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Article, Illustration195 1989-12-16 11 THE chairman of the Communist Party of Malaya, Mr Abdullah C.D., and senior CPM cadres have confirmed that former CPM chief Lai Teck is dead, the Shin Min Dally News reported from Haadyal this week. The former secretary-gener-al was said195 words
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Article175 1989-12-16 11 AFP, Bernama. KUALA LUMPUR A small band of communist guerillas operating in Sarawak has told the Malaysian government it is ready to start talks to end its armed struggle, the Ministry of Home Affairs announced last FYiday. The ministry said in a statement thatAFP,; Bernama. - 175 words
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88 1989-12-16 11 Rustim Sulaiman of Momogun, who had 205 votes. Bernama. RANAU (Sabah) Chief Minister Datuk Pairin Kitingan’s ruling Parti Bersatu Sabah (PBS) retained the Ranau state by-election last Saturday when its candidate, Mr Siringan Gubat, beat two others to win by a majorityRustim Sulaiman of Momogun, who had 205 votes. — Bernama. - 88 words
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134 1989-12-16 11 TELUK INTAN (Perak) The Home Affairs Ministry will not stop local newspapers from publishing stories on the activities of the banned Communist Party of Malaya or on secret meetings between its leaders and their relatives in Malaysia. Deputy Home Affairs Minister Datuk Megat134 words
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Article, Illustration414 1989-12-16 11 Way paved for foreign ministers to meet Reuter, AFP, Bernama. JAKARTA Indonesia and China declared last Saturday that they had resolved the citizenship problem of Chinese-born Indonesians during talks aimed at overcoming the last technical obstacles to resuming diplomatic ties. At a press conferenceReuter,; AFP,; Bernama. - 414 words
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Article, Illustration448 1989-12-16 11 Reuter. JAKARTA The greatest danger to Indonesian stability lies more in the failure of wealth to filter through society quickly enough than from any political or military challenge, a senior Indonesian minister said. Retired Admiral Sudomo, Co-ordinating Minister for General Policy and Security, predictedReuter. - 448 words
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115 1989-12-16 11 JAKARTA President Suharto has approved plans to show people convicted of corruption on state television in a bid to discourage graft, the official Antara news agency said. The news agency quoted At-torney-General Sukarton Marmosujono as saying after a meeting with Mr Suharto that the115 words
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COMMENT / Pick of the week’s editorials
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Article605 1989-12-16 12 DEC 14. 1989 THE idea of an Asean military pact has again been given short shrift even when no one is proposing it as a serious option. First, the Indonesian Armed Forces Commander, General Try Sutrisno, said closer bilateral defence co-operation among Asean members was preferred605 words
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Article621 1989-12-16 12 DEC 13. 1989 GOOD soldiers die for their country. Bad soldiers try to run it. Such is the natural judgment one can make of coups. The reasons are easy to find. Gun-toting troops grabbing political power violates a basic tenet of democracy that mandate be won621 words
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Article613 1989-12-16 12 DEC 12. .1989 THAT the Government is setting out to make the quality of life here comparable to that in Australia and Canada is a clear indication that it intends to tackle the problem of emigration head-on. More important. Mr Lee Kuan Yew’s belief that the613 words
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819 1989-12-16 12 TAN BAI SIONG - Look Back In Wonder A personal view of the Week's news By TAN BAI SIONG THIS season of high bonuses affirms the sensibleness of being salaried employees. Employers from the government downwards are paying hefty bonuses with many securities firms and819 words
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COMMENT / Perspective
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Article, Illustration1222 1989-12-16 13 The recently-concluded meeting of Asean economic ministers was by no means a routine annual gathering given the backdrop of recent international and regional developments against which the ministers met in Brunei. PAUL JACOB of the Foreign Desk, discusses the outcome of1,222 words
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932 1989-12-16 13 Whoever is contemplating entering the lions’ den has to wrestle with fear even if the lions are said to be friendly or somewhat tamed VIEWPOINT: Sunny Goh LOVE IT or loathe it, everybody is going to hear more932 words
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TIMES
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437 1989-12-16 14 Company cancels private placement of 65m shares GUTHRIE GTS’ private placement of 65 million shares is off, and the trading group is seeking an injunction to stop Taras Holdings Sdn Bhd the owner of Kuala Lumpur’s437 words
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281 1989-12-16 14 THE Bank of China has raised the stakes of its “Western-style” promotions to attract back former depositors and perhaps even win new ones. In June when the Chinese authorities cracked down on pro-democracy students in Tiananmen Square there was281 words
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Article149 1989-12-16 14 COUNTER RATES Singapore dollar* to on* unit ot foreign currency Buying 00 Selling US dollar 1 9000 1.9300 Sterling pound 3 0254 3.0967 Australian dollar 1 4768 1.5247 Canadian dollar 1.6313 1.6710 NZ dollar 1.1217 1.1619 Singapore dollars to 100 units of foreign currency Austrian schilling 15 4737149 words
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Article, Illustration115 1989-12-16 14 THK President has appointed Mr Ngiam Tong Dow (above) as the deputy chairman of the Board of Commissioners of Currency, Singapore (BCCS). Mr Ngiam takes over from Mr Lee Ek Tieng who has been posted to the Monetary Authority of Singapore as its managing115 words
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Article, Illustration691 1989-12-16 14 KENNETH JAMES - By KENNETH JAMES THE community of Information Technology (IT) professionals has seen a phenomenal growth, but this is still not fast enough to match the demand for specialists to service Singapore’s burgeoning IT industry. Senior Minister of State for Education, Dr Tay Eng691 words
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182 1989-12-16 14 RETAILER Metro will be closing its outlet in Supreme House by the first quarter of next year. This follows the recent $l6B-million purchase of the building in August by a consortium led by garment maker Wing Tai. Retail sources said the new owners,182 words
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185 1989-12-16 14 MATHEW PEREIRA - By l MATHEW PEREIRA in Toulouse, France SINGAPORE has chosen to focus on the design aspect of a new joint helicopter project even though it was offered the choice of assembling the aircraft, according to Aerospatiale officials. The French officials185 words
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133 1989-12-16 15 THE Singapore dollar on Wednesday surged to the year's high of 1.9070 against the US dollar. Dealers attributed the local currency's appreciation to a foreign party buying Singdollars. A dealer said the market rumour was that the party was interested in the much-publicised133 words
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595 1989-12-16 15 DOREEN SIOW - By DOREEN SIOW HONGKONG shipping tycoon Sir Y. K. Pao's Hotel Marco Polo Ltd was the “lone ranger" submitting the only bid in the re-ten-der for the prime Urban Redevelopment Authority site at the junction of Paterson595 words
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Article55 1989-12-16 15 HONGKONG The market suddenly came to life on Tuesday, with frantic trading poshing the Hang Seng Index to successive postTiananmen highs on Wednesday, Thursday and yesterday. Dally turnover soared past the HK$l billion mark each day. The Hang Seng closed yesterday at 2,886.57 for a total gain55 words
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Article596 1989-12-16 15 APPROVED ISSUES Company RIGHTS ISSUE Ambassador Two <or one '0 oer st<ore Ex-do'e Dec '5 Books close: Dec 28 Acceo'once Poyme"' NYA lion Corpn 0«e 'or Nvo M$' 70 oe' sho-e Ex-do'e Dec 7 Books close Dec 21 Acceo'once Poymen' NVA Wearnes Two-'or tive $4 50596 words
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Article205 1989-12-16 15 ST Industrials Index TIIE Straits Times Industrials Index rose 23.60 points on the week to 1,468.56 points. Day-to-day indices: MONDAY: 1,448.54 points (up 3.58); 76.53 m units (valued at $157.81m); TUESDAY: 1,454.81 (up 6.27); 85.31 m units ($173.26m); WEDNESDAY: 1,464.29 (up 9.48); 100.7 m units205 words
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Article826 1989-12-16 15 Sharemarket review LATE bargain-hunting of blue chips helped The Straits Times Industrials Index to post its fourth successive post-October 1987 high, after earlier profit-taking had caused the Index to give up 5 points an hour before the close. Trading ended on a mixed note. The826 words
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Article6703 1989-12-16 16 Al shares quoted have a par value of $l, 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. Margin stocks. ABN is traded in lots of 106,703 words
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Article630 1989-12-16 17 Friday PaoamBar 11 MM A) had Ovaraaas 098 uneh Amoy Prooartiaa 2 85 •0 025 Asia Sac tnfi 2 30 •0.075 Asia Sac War 91 0 50 Bank of EA 1800 0.40 Bond Corp Infl 1 51 008 Bond Corp War 91 0 57 003 C.P Pokphand 0 94630 words
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504 1989-12-16 18 GOH ENG YEOW - Funds to be used for purchase of Cold Storage (M), Merlin Hotel By GOH ENG YEOW CAR traders Cycle Carriage Limited plans to raise $166.25 million through a rights issue and a bond issue to finance its purchase of Cold Storage (Malaysia)504 words
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411 1989-12-16 18 THE broad-based expansion this year, plus strong regional growth and robust domestic demand, should see Singapore’s real GNP grow by 7.4 per cent next year, said Merrill Lynch, a leading international investment house. This is in line with the forecast made411 words
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311 1989-12-16 18 S SUBRAMANIAM - By S SUBRAMANIAM SINGAPORE has been given top ratings for its free trade policy, its stable industrial relations climate, its minimal red tape and its excellent international transport links in a survey of 10 Asian nations. Overall, the Hongkongbased Political Economic Risk Consultancy311 words
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202 1989-12-16 18 NST. KUALA LUMPUR Berjuntai Tin Dredging has posted a 310 per cent increase in its group pre-tax profit to M 53.256 million (552.34 million) for the halfyear ended Oct 31. Though group turnover fell 31.4 per cent to M 512.515 million, group investment and otherNST. - 202 words
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448 1989-12-16 18 SHARON LAU - By SHARON LAU SIX months after the Tiananmen Square massacre, banks are returning to China to position themselves for the expected take-off of the Chinese economy. A fortnight ago, three Singapore-based foreign banks participated in a US$5O-million (5596.50 million)448 words
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Article58 1989-12-16 18 MANILA The Philippine stock market defied predictions of disaster on Monday as it reopened after the coup attempt, dropping steeply in early trade but rebounding later on strong buying. The Manila exchange's composite index closed 8 per cent lower at 1,211.82 points. Many analysts had expected the58 words
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Article525 1989-12-16 18 STEVEN CHOO CHIN ONN - By STEVEN CHOO CHIN ONN THE requirements imposed on directors by the Singapore Companies Act are extensive and it is not uncommon to find directors of small- and medi-um-size enterprises (SMEs) unfamiliar with its terms. The Companies Act is designed to protect investors and encourage the525 words
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387 1989-12-16 19 GERRY DE SILVA - By GERRY DE SILVA THE shortage of managers in foreign exchange departments of banks and financial institutions is a top concern among chief executive officers in the local banking industry. According to a survey by leading executive search firm Egon387 words
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377 1989-12-16 19 EVEN as market talk grows more persistent about Singapore Airlines' tie-up with Swissair, Salomon Brothers has downgraded the local carrier from a "buy” to a “hold.” Salomon Brothers, in a recent report on SIA. said the strong US dollar would eat into the377 words
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96 1989-12-16 19 UNITED Industrial Corporation (UIC) has received inprinciple approval from the Minister of Law for the sale of Tararone Investments to the Sogo group of companies. UIC said last week that approval for the $690-million deal was still subject to certain undertakings being96 words
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Article755 1989-12-16 19 Currant b Books Data Total tor Total tor payment data ci000 payoMa •to yaat tool yoar A 1 S B I2%lbl Ok 27 Jon 11 Jon 23 12% 10% A M 0 B 2%IW Nov 16 Nov 30 0k 29 2% Amal Stool 8%TE(bl Nov 30 Doc 1«755 words
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Article364 1989-12-16 19 Week ended Dec 8 Compiled by JULIANA TAY AUDITED RESULTS Company Yaar to Group Nat Not aamlnga Groaa protlt/loes (L) par ahara dividend (’000) (canta) Ayer Hitom Tin Jun 89 M$1.787($l,485b> 37o(36ol —144o) Kump Emos Jul 89 M$4 284 ($4,049) 6 8(6 4) 11(9) l i M JunCompiled by JULIANA TAY - 364 words
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325 1989-12-16 19 MBT. KUALA LUMPUR The Burswood Property Trust (BPT), which owns the namesake casino complex in Perth, Australia, has been sold to a Japanese party for an estimated Assoo million (Ss7so million). Malaysian conglomerate Genting Bhd has a stake in the Australian-listed trust through GentingMBT. - 325 words
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FORUM
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Article, Illustration633 1989-12-16 20 Evacuation of Makati: A reader’s complaint THE Straits Times on Dec 7 reported an American hotel guest as saying that the evacuation operation ait the three beleaguered hotels in Makati was “slick”, even “superb”. However, for the 11 Singaporeans who had stayed at the633 words
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453 1989-12-16 20 Embassy Charge d’Affaires replies: I REFER to the letter “Embassy staff unhelpful during hotel siege” by Mr Tan Kim Koon (ST, Dec 12). Mr Tan said he and a group of Singaporeans waited in vain for the Singapore453 words
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Page 20 Advertisements
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Advertisement144 1989-12-16 20 AJOI HUE The Straits Times Weekly Overseas Edition. A crisp summary of the week's major happenings in Singapore. Politics, business, die economy, investment opportunities, executive appointments... And highlights on Malaysia and Asean. A convenient tabloid airmailed to you wherever you may be. Every week. The Straits Times Weekly Overseas Edition.144 words
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Advertisement132 1989-12-16 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 who132 words
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Advertisement1114 1989-12-16 21 APPOINTMENTS PRODUCTION MANAGER RAHRAIN A Middle East Industrial Gas Producer requires an engineer with considerable experience in the maintenance and operation of Air Separation (Oxygen, Nitrogen, Argon), Carbon Dioxide, Acetylene Hydrogen Plants. Experience should cover all operational and technical aspects of the production, safe handling, storage and distribution of these1,114 words
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Advertisement1004 1989-12-16 22 APPOINTMENTS m UNION BANK OF FINLAND LTD SINGAPORE BRANCH invites applications for the position of CREDIT SERVICES OFFICER Responsibilities: The successful candidate will be part of the credit team and is responsible for all analytical evaluation and estimation of the degree of nsk involved in granting new credits; making recommendation1,004 words
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TIMESPORT
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Article, Illustration696 1989-12-16 23 GODFREY ROBERT - Former stars add glitter to sports award ceremonies By GODFREY ROBERT IT WAS a nostalgic night. A time for reminiscing. And a time for walking down memory lane. For, while the 1988 annual sports awards ceremony at the Hotel was a celebration to honour Singapore’s696 words
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Article, Illustration354 1989-12-16 23 WINNING the Sportsman of the Year award for the third time running is the ultimate for a Singapore sportsman. But for David Lim it is the beginning of a new challenge. The 23-year-old swimmer, who is preparing for next month’s354 words
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Article, Illustration323 1989-12-16 23 opui uuigapvi v wau produced. — GODFREY ROBERT - OBITUARY opui uuigapvi v wau produced. GODFREY ROBERT. A SPORTING legend, Noel John Hay, footballer and hockey player extraordinaire of the *****, died last Monday, aged 84. While few sportsmen of today remember the octogenarian as underlined by the attendance of about 50 (among323 words
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Article, Illustration333 1989-12-16 23 SOCCER JITA SINGH will remain as national coach for next year but it’s almost certain that he will relinquish his team manager’s post. Maj Abbas Abu Amin, the president of the Football Association of Singapore, confirmed on Tuesday that there will be no change to333 words
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Article201 1989-12-16 23 THE Malayan Racing Association, the controlling body of racing in Malaysia and Singapore, has posted a M 550,000 ($35,000) reward for information leading to the arrest and prosecution of those responsible for the assault on Bnkit Turf Club chief stipendiary steward Michael Carrigg in Ipoh201 words
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676 1989-12-16 24 BERTHA HENSON - By BERTHA HENSON PENANG Prime Minister Lee Kuan Yew said here this week that Singaporean members of the Communist Party of Malaya, who recently signed a peace pact with Thailand and Malaysia, would have to prove to the676 words
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Article104 1989-12-16 24 Late company news CELEBRATING its recent move to the new Jurong factory, local food and beverage giant Fraser Neave yesterday announced strong earnings and a record turnover for the year ended Sept 30. Group earnings at the pre-tax level were up 17 per cent to104 words
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273 1989-12-16 24 IN WHAT was touted as the biggest building sale of the year, the flagship building of the Standard Chartered Bank in Battery Road has been bought by DBS Land for $BOO million, it us announced yesterday. At $1,629.30 psf, the sale marks a record price273 words
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357 1989-12-16 24 PENANG Singapore has not received any formal representation from Kuala Lumpur accusing it of being linked to spying activities by nine people detained recently under Malaysia’s internal security laws. Prime Minister Lee Kuan Yew said. If the Singapore Government does receive357 words