The Straits Times : Weekly Overseas Edition, 2 February 1991

Total Pages: 24
1 24 The Straits Times : Weekly Overseas Edition
  • 21 1 The Straits Times WEEKLY OVERSEAS EDITION SATURDAY, FEBRUARY 2, 1991 Price: 551.20 (in Singapore) Elsewhere by subscription only MCI (P) 71/8/90
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  • 840 1 Power vacuum in Gulf would lead to new instabilities: BG Lee SINGAPORE is not Iraq’s enemy and it does not want to see the country dismembered, said Deputy Prime Minister Lee Hsien Loong. While re-stating Singapore’s support for the military action taken by the
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  • 419 1  -  By Sumiko Tan SAN FRANCISCO While Singaporeans abroad should keep alive their sense of spirit of being Singaporean, they should also welcome non-Singa-poreans who want to settle in their country, Briga-dier-General (Res) George Yeo told a group of Singaporeans at a tea reception here last
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  • Page 1 Advertisements
    • 112 1 Inside 80 of S’poreans support use of force against Iraq: Page 2 Registering with Singapore embassies while you are abroad may prove to be life-saver: Page 3 Reactions to ST survey on Singaporeans and the Gulf war: Page 4 Security at. entry points tighter since war began: Page 5 War
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    • 10 1 !9f :ns KY Y w>C Don’t leave home without them."
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  • GULF WAR SPECIAL
    • 413 2  -  By By Warren Fernandez KEEP the Gulf crisis in perspective, keep emotions under control, Mr Mah Bow Tan urged both Muslim and non-Muslim Singaporeans on Sunday. While differences of opinion among the various eth- nic groups in Singapore over the Gulf war are
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    • 1004 2  -  But six out of 10 Malays disapprove of it STRAITS TIMES POLL By Bertha Henson MOST Singaporeans said in a survey last week that they supported the use of force by the US-led allied forces against Iraq but not the Malays.
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    • 765 2  -  Malays agree that it is not a religious war Small number thinks Saddam will win By Zuraidah Ibrahim MANY Malay Singaporeans saw the Gulf War differently from the other communities, especially on the use of force against Iraq and possible Israeli
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    • STRAITS TIMES POLL
    • 916 3  -  Mr Lee Kuan Yew on the Gulf War By Sumiko Tan SAN FRANCISCO The paradox of the modern world is that while nations are more closely-knit than ever, governments now find it increasingly difficult to settle conflicts among themselves. Senior Minister Lee
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    • 487 3 SINGAPOREANS living abroad should not underestimate the importance of registering themselves with Singapore embassies as this could literally prove to be a matter of life and death in a crisis. At present, many Singaporeans do not give their names and
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    • Reactions to ST survey on Singaporeans and the Gulf war
    • 673 5 EDITOR S REPLY Why The Straits Times published the survey THE Straits Times published results of the opinion poll it had commissioned on the Gulf war because it had a duty to inform Singaporeans, its Editor, Mr I>eslie Kong, said on
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    • 352 5 SECURITY at Changi Airport and other entry points like the Causeway and Tanjong Pagar railway station has lxH*n stepped up following the outbreak of war in the Gulf Police said on Wednesday that they have increased the number of officers stationed
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    • 518 5 Cancellations have hit bookings up to April BT. A SPATE of cancellations after the start of the Gulf War has left major hotels with occupancy rates of around 50 per cent, down sharply from the 75 per cent level of the
      BT.  -  518 words
    • 484 5 MODERN warfare is complex and cannot be handled with the rigidity and dogmatism that has long been a trademark of the military. Commanders must learn to come up with their own innovative solutions to problems, said Lieutenant-General Winston Choo, SAF’s
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  • HOME
    • 433 6 Record 5.2 m units put it ahead of HK for first time WITH a record 5.22 million twenty-foot-equivalent units (TEUs) of container traffic handled last year. Singapore has become the world's busiest container port for the first time. Last year’s container volume was 20 per cent
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    • 572 6 NTUC Secretary-General Ong Teng Cheong has lambasted some employers forgiving their workers bogus executive titles in order to deprive trade unions of members and potential leaders. Mr Ong. who is also the Deputy Prime Minister, said titles such as “executive assistants”, "trainee executives"
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    • 298 6 POLICE have banned the electrical firecracker, a made-in-Taiwan device that sounds like the real thing and can be used over and over again. They say that while it is safe, it would hamper enforcement against offenders who use the real McCoy. Police
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    • 457 6 AN AZURE gold-threaded silk shawl tied around his forehead was the mark of high honour bestowed on Prime Minister Goh Chok Tong on Wednesday when he joined Hindus in the Thaipusam celebrations. For Mr Goh. it was an incense-filled, throbbing morning like no
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    • 471 7 Move is mutually beneficial, says Teng Cheong SINGAPORE would like to step up its economic co-oper-ation with all Malaysian suites, Deputy Prime Minister Ong Teng Cheong said on Monday. He said that the Malaysian leadership recognises that increased economic cooperation between
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    • 454 7 NO NEW Housing Board estates will he developed in the next five years but instead, the 70,000 flats to be built during this period will be located in existing towns. The HDB said one reason for this is that there is still
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    • 497 7 A PLUCKY 10-year-old boy saved his mother and sister by slashing an armed man who ordered the two to strip after robbing them. But all three were in turn injured by the intruder who cut them
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    • 361 7 A JAPANESE couple was found dead in a parked car at Choa Chu Kang Cemetery last Friday, victims of an apparent suicide pact. Their rented car its engine still running, air-condi-tioner switched on, and all windows closed had a plastic hose running from the
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    • 1005 8 PM Goh at forum on Edusave scheme THE Edusave scheme is for both rich and poor Singaporeans and that means no opting out for anyone, said Prime Minister Goh Chok Tong last Saturday. But the well-off who insist
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    • 132 8 FIVE Certificates of Deposit worth about $16.5 million which were reported stolen in a robbery in London last May have been recovered in Singapore following the arrest of three suspects. Detectives from the ClD’s Commercial Crime Division, acting on information from the
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    • 491 8 Colleges’ student-centred approach will help all-round education FORGET the mutually exclusive science, art and commerce streams. The inthing these days among junior college students are subject combinations which cut across the streams For instance, about 10 first-year commerce students at Catholic Junior College are
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    • 455 8 OBITUARY: Ismail Marjan Ex-doubles maestro was a household name in the 50s IF YOU knew him. you would love him. That was Ismail Marjan, the former badminton doubles maestro, who died last Friday at the Singapore General Hospital of heart and stomach illness. He was 70.
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    • 994 9  -  THE CHANGING FACE OF EDUCATION By Ng Wei Joo SIGN up for a snorkeling course or, if you prefer, go for some Japanese flower arrangement classes. Then again, you may want to try your hand at something more artistic like Chinese calligraphy. We are
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    • 264 9 Methodist Girls* School Sample of courses: Speech and Drama I, Emergency and Home Nursing care, Water Colour Painting, Quilting and Applique, Pan Clay Modelling, Aerobics, Computer Studies, Self-Defence. Cost: Free, unless professional help is employed to teach pupils. Duration: Every Monday morning, about 2' i hours.
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  • Page 6 Advertisements
    • 57 6 INVESTMENT OPPORTUNITIES An excellent investment opportunity awaits both small big investors We, an international investment company(incorporaled in Singapore), specialise in ‘soil commodities* traded in the New York and Chicago s. Those interested, call Mr *****57 (anytime) or write Raj at to: Mr 6.0. Raj TIONAI PIE LTD TRIM INTERNA! 143
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  • MALAYSIA
    • 578 10  -  Identify world trends and go with them, Mr Lee urges TV3 interview with Mr Lee Kuan Yew By Ismail Kassim KUALA LUMPUR Senior Minister Lee Kuan Yew has advised small developing countries not to go against the tide if they wanted
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    • 546 10  -  By Ismail Kassim KUALA LUMPUR Coverage of the Gulf war by the Malaysian media reflected the dilemma of having to balance the official stand of the government with the prevailing sentiments of the Muslim majority. The media’s task became even more unenviable
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    • 391 10 Aim is to strengthen reserves to 100,000 NST. Bernama KUALA LUMPUR Defence planners have proposed the introduction of a modified form of conscription in Malaysia, Defence Minister Datuk Seri Najib Raznk said on Tuesday. The Defence Ministry may make it compulsory for certain
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    • 281 10 Bernama KUCHING Datuk Amar James Wong, who was reelected president of the Sarawak National Party (Snap) on Sunday, has described his victory as a reflection of the multi-racial character of the party. He said he hoped all members who took in
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    • 203 10  -  any words. ISMAIL KASSIM. KOTA BARU Kelantan Mentri Besar Haji Nik Aziz Nik Mat said that he would like to meet Prime Minister Datuk Seri Dr Mahathir Mohamad as soon as possible to smoothen state-fed-eral ties. He said on Tuesday there was
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    • 300 10 KUALA LUMPUR The former deputy secretarygeneral of the opposition Democratic Action Party. Mr I,ec I .am Thve, has said that he may return to politics "if there is a need and a change of circumstances”. He said on Monday
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    • 393 11 Bernama, NST KUALA LUMPUR Former Sabah Chief Minister Tun Datu Mustapha Datu Harun has resigned from Usno, a Sabah-based party of which he was president, to join Umno. Tun Mustapha also resigned from his Usukan state seat in the state
      Bernama,; NST  -  393 words
    • 307 11 KUALA LUMPUR Finance Minister Datuk Paduka Daim Zainuddin still awaiting the Prime Minister’s decision whether to allow him to resign said his successor need not have a background in banking or economics. The Star reported him as saying that the
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    • 346 11 AP. KUALA LUMPUR Malaysia is expected to adopt a new 10-year plan this year to press ahead with efforts for economic betterment of its Malay population. Liberal foreign-investment policies are expected to continue as the country needs the investments, particularly
      AP.  -  346 words

  • ASEAN
    • 296 11  -  By Tan Lian Choo Bangkok Correspondent BANGKOK Prime Minister Chatichai Choonhavan on Monday called on fellow nations of the Asia-Pacific region to co-operate and build upon a common vision of a peaceful and prosperous community. He noted that Asia-Pacific nations had gone
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    • 364 11 Reuter. JAKARTA Indonesia, concerned that the Gulf war will slash the number of tourists from outside the region, has stepped up efforts to attract visitors from Asia and the Pacific. "We contacted our embassies in Japan, South Korea, Hongkong and other countries in
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    • 154 11 JAKARTA Indonesia's Minister of Defence and Security, General Benny Murdani, has rebutted opinions expressed by some quarters that the armed forces (Abri) had repressed the people in order to maintain stability. “Stability Is a need of the people and is not engineered by Abri,”
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    • 364 11 AFP. MANILA The Philippines wants cash as rental for American air and naval bases in the country after 1991 instead of pledges of military and economic aid, Foreign Secretary Raul Manglapus said in an interview published on Tuesday. Mr Manglapus,
      – AFP.  -  364 words

  • COMMENT/ Pick of the week’s editorials
    • 659 12 FEB 2. 1991 A PUBLIC opinion poll on the Gulf war carried out by this paper has received much attention. Interest has focused on two issues: the findings themselves, and their implications for multi-ra-cial relations in Singapore. The first centres on the fact that while 81 per
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    • 672 12 JAN 28. 1991 NOW that the Ministry of Community Development's targets for childcare over the next five years have been made known, it is time to face the issue of inadequate childcare provision in Singapore. The needs are for 100 more centres catering for 20,000 children
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    • 655 12 JAN 29. 1991 THE Stock Exchange of Singapore last Friday issued guidelines stating in no uncertain term's that multiple applications for initial public offerings were banned. According to the SES, a person is considered to have submitted multiple applications if he sends in more
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    • 854 12  -  Viewpoint By Asad Latif IT was not long ago that Dr Francis Fukuyama made history by declaring that history had ended Events in Europe and Asia continue to confound him. To be fair, the American scholar had defined history in the Hegelian
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  • ANALYSIS
    • 1308 13 Chandran Jeshurun and Abdul Razak Abdullah Baginda assess the reactions of the Malay communities in the region towards the Gulf War. FEW, if any, observers in South-east Asia of the events that unfolded in the Middle East last year would have even remotely associated
      Reuter picture.  -  1,308 words
    • 1426 13 Hussin Mutalib discusses 3 problems the Goh Chok Tong government must tackle. THE Lee Kuan Yew generation leaders left behind something of a paradox for Prime Minister Goh Chok Tong and his new team. On the one hand, Singapore’s achievements are indeed remarkable: a per
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  • NEWS FEATURE
    • 1238 14 Imagine being made a chief executive officer of a multinational before you are 40. It is not too far-fetched a dream as Jenny Lam finds out. She says more and more young Singaporeans are now calling the shots in the boardroom. THEY
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  • MONEY
    • 449 15 BT. PETRO-DOLLARS from Saudi Arabia and other oil-rich Middle Eastern countries could be heading this way in the form of investments. One of the largest Saudi govern-ment-owned companies is on the look-out for business opportunities in the Asia-Pacific, with Singapore probably being
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    • 428 15  -  By Caroline Chan SINGAPORE and Pahang plan to set up a joint business co-opera-tion committee within a month or two. Deputy Prime Minister Lee Hsien Loong said on Tueday. “Such a committee will provide a good forum for monitoring the progress
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    • 419 15  -  By Doreen Siow HONGKONG-LISTED Tse Sui Luen Jewellery (TSL), which is eyeing a local listing, is banking on the longerterm tourist trade here for the bulk of its business. TSL chairman and founder Tse Sui Luen said on Wednesday that while
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    • 506 15 AVIMO store assistant Teng Chye Hock, Hewlett Packard (HP) production operator Rezki bte Bahtiar and local courier company AJ Couriers can now proudly proclaim themselves members of the latest exclusive club in Singapore. This is the 100 per cent Club whose only route
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    • 3297 16 TRANSACTION DATE: FEBRUARY 1 1991 Gr's 1990/91 Tel Last Vol Day Last Quote Dlv Net High Low Code Company Sale or- '000 High Low Buyer Seller P/E INDUSTRIAL COMMERCIAL 152 l 1000 Acma 184 -1 333 188 183 184 185 290 165 1142 Alex Hldgs 50c 210
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    • 450 17 The weekly share market report THE local bourse followed an independent course this week, disregarding overseas markets and Gulf developments, dealers said. The week started with a continuation of the previous week’s rally, but succumbed to profit-taking on Tuesday. Further gains were made on
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    • 2079 17 TRANSACTION DATE: FEBRUARY 1, 1991 Or s 1*90/911 Tel Last Vol Day Last Quote Olv Net High Low Code Company Sale or- '000 High Low Buyer Seller P/E SESDAQ 128 80 1269 Fuji Offset20c 103 7% 5 103 103 96 103 10 ON 10 1 300 100 1266
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    • 161 17 ST Industrials Index The Straits Times Industrials Index rose 28.97 points on the week to 1267.72. DAY CLOSE TURNOVER Monday 1260.84 2209) 90.71 m ($167.48 m) Tuesday 1250 50 (-10 34) 96.21 m ($154 78 m) Wednesday 1248 44 (—2 06) 67 28 m ($104 55 m)
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    • 628 17 Friday February 1 HKS Amoy Properties 3 775 unch Allied Overseas 0 710 -0 01 Asia Sec Int'l t 82 0 02 Asia Sec War 91 0.072 unch Allied tw 070 -0 01 Bond Corp Int 1 1 06 -0 01 Bond Corp Wa' 91 0 335 unch Bank
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    • 405 18  -  By Caroline Chan THE foreign shareholding of local companies which own sizeable properly portfolios in Singapore will not be subject to a limit. In response to queries bv The Straits Times last week, a spokesman for the Monetary Authority of Singapore
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    • 807 18 AUDITED RESULTS Cempan Oat* Vaar Croup Not Not earning a Craaa aim ta profit/Iota III par aharo dividend ,0001 lcental etc Jan 1( Sap 90 $93 947,834 649 30 8(23 5a) 15(8 5a) rut an 14 Sac 90 $53.0801 $62 868; 30 1(36 5) 179(179' H M'..j Ian
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    • 171 18 Singapore dollars to ona unit ol foreign currency Buying 00 Selling US dollar I 7l20 1 7340 Sterling pound 3 350/ 3 4125 Australian dollar 1.3170 1 3647 Canadian dollar I 4633 1 4974 NZ dollar ***** 1 0491 Singapore dollars to 100 units of foreign currency Austrian
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    • 99 18 Contract data: 1/2/91 CUWWCY 1 MTH 3 MTH 6 MTH 9 MTH 12 MTH CALL VALUE DATE uss 6.125 625 6125 6 5 875 6 5/2/91 AJ 105 105 1025 10.375 10.375 9.5 5/2/91 NZ$ 10.5 10 625 10.75 12 1175 9.375 5/2/91 STG 13.25 13.125 13
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    • 325 18 CONSUMER electronics manufacturer Aiwa Singal>ore plans to invest $lOO million in its operations over the next five years despite the uncertainties set off by the Gulf war. Aiwa managing director M. Yoshida signalled the company’s resolve when he opened the Aiwa Central Distribution
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    • 224 18 MR SIM Kee Boon, fully recovered from an abdominal operation, has resumed his duties as executive-chair-man of Keppel Corporation. According to a source, specialists at Stanford University Medical Centre and local doctors agree that Mr Sim did not require any
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    • 309 18 Manager’s prices for February i <* 4 Singapore Unit Trust The Commerce 1 18- 1 26 The Savings fund 0 95-1 01 Spore Prog fund 0 43—0 46 S'pore Sec fund 0 76 -0 81 S'pore Invest fund 0 80-0 85 S'pore Equity fund 0 53-0 56 Asia
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    • 364 19 THE Stock Exchange of Singapore has warned that multiple applications submitted in new share issues by investors and directors of firms going public "could be handed over to the relevant authorities for investigation”. In a strongly-worded statement on new guidelines for
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    • 360 19 Current Ex Books Date Total far Total for payment data dOM payable the year last year AMFP NYA Dec U Jan 3 Feb 15 NYA 28% A 1**1 Find USSO 10(b) Mar 18 Mar 28 Apr 8 US$010 Avmo 5%TE Feb 25 Mar 7 May 15 125%TE 25%TE
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    • 605 19 Singapore Stocks Last Full Year Company Period Date Year Net EPS Gross Net anrmiKed endhf (cents) dhr profit last year (S'000) CMB Padiapif Interim Nov 13 Dec 90 29 7 13.2 11.616(e) EMIT Interim Jan 10 Jun 91 254 2 1500 773 Khonf Guan Interim Jan 12 Apr
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    • 407 19 Conference on Strategic Developments for Asia-Pacific Stock cAuiianges in the 1990 s SCRIPLESS trading brings benefits to the investors, the stockbrokers and the listed companies even though it is difficult and time consuming to implement. said Stock Exchange of Singapore president Lim
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    • 380 19 OPTIONS trading on the Stock Exchange of Singapore (SES) will only start in 1992 instead of this year. This is because the present priority is to convert mainboard counters to scripless trading, SES president Lim Choo Peng said on Monday.
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    • 157 19 Company Rights Issue CiuMway hv Thme-br-bur »0 60 per share Ex-date Dec 10 Books close: Oec 20 Acceptance Payment: Feb 1 M Maun One-for-one MSI 50 per share Ex-date: Dec 10 Books close: Dec 26 Acceptance Payment Feb 11 Company Bonus Issue Onartal Hdgs One-br-five Ex-date Feb 8
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    • 385 20 THE National Computer aims to triple the number of computer professionals here to 30,000 by the year 2000 to cater to the expected increased demand for Information Technology (IT) manpower. The board said that it will be adopting a three-pronged approach
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    • 457 20 BOOSTED by the fastgrowing Asian market, Digital Singapore, the local operations of Fortune 500 computer company Digital Equipment Corporation, expects to take on a bigger regional role in the coming years. This will see some of the American company's regional marketing
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    • 509 20 THE Information Technology Institute (ITI) is carrying out discussions with Singapore Telecom and a local software house to develop an innovative personal computer-based videoconferencing system for the world market. Videoconferencing merges computer, video and audio technology to enable face-to-face meetings across the world. Up
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  • Page 21 Advertisements
    • 751 21 The Straits Times Weekly Overseas Mition i&mmsk rjftt NATIONAL UNIVERSITY OF SINGAPORE FACULTY OF BUSINESS ADMINISTRATION Applications arc invited for appointment as Senior Tutors in one of the following departments: Business Policy Decision Sciences Finance and Hanking Marketing Organisational Behaviour Candidates should possess at least a good honours degree and
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  • Page 22 Advertisements
    • 850 22 The Straits Times Weekly Overseas Edition Xxz Xv.si i iS?: NATIONAL UNIVERSITY OF SINGAPORE DEPARTMENT OF ELECTRICAL ENGINEERING Applications are invited for appointment as Professional Officer in the Department of Electrical Engineering. Candidates should have at least a Bachelor's degree in Electrical Engineering or Physics. The appointee will be trained
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  • FORUM
    • 415 23 THE call to holy arms jihad) by President Saddam Hussein must stand as a prime lesson of not mixing religion with other issues. In the first place, war is never holy. If Saddam’s primary aim was to redress the injustice
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    • 132 23 THE Professional Engineers Bill, which has been referred to a select committee, proposes that qualified engineers be given the honorific “Er” (ST Weekly Overseas Edition, Dec 22, 1990). Thus Engineer Tan would be called “Er Tan”. Imagine people dragging the pronunciation of “Er” in Singlish.
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    • 530 23 AT A time when the Government is actively promoting the film industry in Singapore, it is disconcerting to learn that there are advertisers and advertising agencies here who are still going abroad and spending vast sums of money producing advertising films for
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  • Page 23 Advertisements
    • 132 23 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 who
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    • 155 23 HOME DELIVERED WEEKLY w* JU# The Straits Times Weekly Overseas Edition. A crisp summary of happenings in Singapore. Politics, the economy, investment opportunities, Executive appointments.... And snippets on Malaysia and Asean A convenient tabloid delivered to you every week, wherever you may be. Subscribe now. And be in toucl The
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  • 779 24  -  Mr Lee Kuan Yew’s visit to Mexico By Sumiko Tan MEXICO City Knowledge. skills, organisation. These human (actors have enabled small countries with few natural resources like Singapore and Japan to succeed, and they will continue to determine the success of nations
    Uanhe Zaobao picture.  -  779 words
  • 155 24 PARLIAMENT was prorogued on Tuesday and will convene for a new session with the President’s address on Feb 22, a Government statement announced on Monday. When President Wee Kim Wee opens the third session of the Seventh Parliament, he is expected to focus on the Goh Chok Tong
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  • 222 24  -  Sumiko Tan. MEXICO City Singapore is not suffering from any oil shortage despite the war in the Gulf, Senior Minister Lee Kuan Yew said on Monday. Speaking to reporters on his arrival here for an official visit, he noted
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  • 197 24 FIVE multi-coloured decorations portraying figures and scenes from Chinese folklore will brighten up the Singapore River with lights, sound and movement this Lunar New Year. Three decorations, 100 metres apart, will be anchored in the river, while another two will brighten up the
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