The Straits Times : Weekly Overseas Edition, 7 November 1987
1987-11-07
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The Straits Times : Weekly Overseas Edition
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Title Section20 1987-11-07 1 The Straits Times WEEKLY OVERSEAS EDITION SATURDAY, NOVEMBER 7, 1987 Price: 551.20 (in Singapore) Elsewhere by subscription only MCI(P) 222/8/8720 words
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Mind the doors!
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Article, Illustration577 1987-11-07 1 THE first MKT trains roll today from Toa Pay oh station to start a new era In public transport In Singapore. Costing $5 billion, the most expensive project ever to be undertaken In the Republic577 words
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100 1987-11-07 1 On schedule and within budget... TO MRT Corporation chairman Michael Fam, the oroject’s biggest achievement “was getting the job done on cneflule and within budget”. fhe most satisfying? “Recently we took some oeopie out for a ride. They had no idea that so much work had been out into the100 words
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92 1987-11-07 1 KOALA LOMPOR An appeal by the banned Star newspaper to have its printing permit restored has been rejected, Prime Minister Datuk Seri Dr Mahathir Mohamad said yesterday. The other two papers banned the Malay biweekly Watan and the Chi- new dally,92 words
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371 1987-11-07 1 KUALA LUMPUR A TOTAL of 93 politicians, MPs and social workers are now under detention in Malaysia following the crackdown on Tuesday last week by Prime Minister Datuk Seri Dr Mahathir Mohamad on people allegedly involved in inciting communal violence. No371 words
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Article356 1987-11-07 1 ASIAWEEK, whose sales here have been restricted to 5N copies per Issue, has published, In full, the two letters correcting errors and distortions In a recent cover story on the Marxist conspiracy which the Singapore government wanted It to print. The letters were published In the356 words
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144 1987-11-07 1 How stock market crash may hit S’pore by Dr Hu THE global stock market crash would have severe longer-term etfects on the Singapore economy if growth in the industrialised countries slowed down. Finance Minister Dr Richard Hu said yesterday. Although the short-term impact of the crash was marginal, a recession144 words
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Page 1 Advertisements
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Advertisement97 1987-11-07 1 INSIDE Patriarch Khoo calls the shots at home PAGE 15 HOME NEWS Misadventure verdict on parachutist's death PAGE 2 Schools show more interest in sex education PAGE 3 Bugis Street, 1989 PAGE 5 Business hopes high despite mart gloom PAGE 7 ACROSS THE CAUSEWAY/ ASEAN Mahathir defends ISA arrests PAGE97 words
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Advertisement10 1987-11-07 1 'Sd%3]iau(\ sjt svcj (jtcfsuaquiaiq «u Dior It LOOTb .nprJvjTF r/^P'frrrr.^10 words
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HOME
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431 1987-11-07 2 SALMA KHALIK - By SALMA KHALIK MARINA Square could soon be providing Singaporeans with a bewildering choice of films at a cineplex, or cinema complex, housing as many as lb cinemas under one roof. Fairly advanced negotiations are going on with431 words
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281 1987-11-07 2 A DRUG trafficker has lost his appeal against the death sentence imposed by the High Court last year. Chief Justice Wee Chong Jin. sitting in the threejudge Court of Criminal Appeal. on Monday rejected the claim by Tan Sek Cheong. 48, that the trial281 words
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Article, Illustration681 1987-11-07 2 First fatal case of skydiving in S’pore, court told THE State Coroner has recorded a misadventure verdict on the death of a commando parachutist after noting that the main and emergency chutes had no defects. Mr Lim Keng Siong said he was satisfied that Sergeant681 words
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Article, Illustration278 1987-11-07 2 FOUR men convicted of gang-raping a teenage girl two years ago at the foot of Bukit Timah Hill have been jailed a total of 46 years and ordered to be given 54 strokes of the cane. Mr Justice278 words
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748 1987-11-07 3 SANDRA DAVIE - Principal: I was shocked by some of the questions-. 3y SANDRA DAVIE SEX education classes offered by voluntary groups, once virtually ignored by Singapore educators, are being taken up by more and more schools. Both the Singapore Planned Parenthood Association (SPPA) and the748 words
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119 1987-11-07 3 THE People’s Association’s Social Development Section has more than tripled Its membership In the past six months. It signed up about 19,0 M singles In that period, adding considerably to the 7,25(1 already registered In March. The SDS has been organising activities for O-level119 words
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Article, Illustration202 1987-11-07 3 A LOCAL shipyard is in the final stages of completing a $5 million Mississippi-style paddlewheel showboat to be used for Sydney Harbour cruises. The 41-metre-long vessel, to be named Sydney Showboat, is being built by Siong Huat Shipyard and is expected202 words
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346 1987-11-07 3 THE number of Singaporeans who turn to Australian hospitals for heart surgery is now down to a handful, due to a significant improvement in the standard of heart surgery done here. This is the observation of Dr Victor Chang, a leading cardlo-thoracic surgeon from346 words
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193 1987-11-07 3 A PAEDIATRICIAN has suggested a way for couples who are carriers of hereditary diseases to have normal babies. Professor Wong Hock Boon, head of the Paediatrics Department at the National University of Singapore, said such couples should get another193 words
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151 1987-11-07 3 A PRIVATE hospital is offering 10 nursing scholarships to encourage more people to take up nursing. The American Hospital will offer scholarships targetted at those in the Ministry of Health’s nursing training programme intake in May next year. Said Mrs Phillippa W’yber, executive director of151 words
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555 1987-11-07 4 Only those guilty of dishonesty or moral turpitude will suffer FINANCE Minister Richard Hu has allayed the accounting industry’s fear that the new Accountants Act would forbid both accountants and non-accoun-tants from working in an audit firm should they be fined $2,000555 words
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321 1987-11-07 4 PIER ANDREWS - By PIER ANDREWS THE Environment Ministry is investigating reports by the Hongkong Consumer Council that high levels of cancer-causing agents were found in at least six makes of baby-feeding bottle nipples, pacifiers and teethers. But the distributors of two brands. Pigeon321 words
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126 1987-11-07 4 A COMPANY director lost her handbag containing $84,391 worth of Jewellery and S6M In cash after she left It unattended for Id minutes In her car. The woman, 31, whose name has been withheld by police, was about to drive to126 words
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Article39 1987-11-07 4 FINGERPRINT records at the CED will be computerised soon to boost efficiency and effectiveness of crime detection. Computerising the 240,000 sets of fingerprints will speed up search tremendously, from a few days to a few minutes.39 words
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Article181 1987-11-07 4 Reuter, Be mama, AFP. JAKARTA Prime Minister Lee Kuan Yew and President Suharto will hold an informal meeting ahead of a planned Asean summit, Indonesian Foreign Minister Mochtar Kusumaatmadja disclosed last week. Dr Mochtar told reporters after talks with President Suharto that theReuter,; Be mama,; AFP. - 181 words
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84 1987-11-07 4 A FORMER assistant assessment officer of the Income Tax Division has been charged with having taken a $20,000 bribe from a businessman seven years ago. Aw Yong Leong Gan, 39, is alleged to have received the money on Nov 25, 1980, as a reward84 words
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301 1987-11-07 4 SINGAPORE waald have 36,999 mere workers available If all Singaporeans new aged bev tween 61 and 69 had net retired, Labour Minister Lee Yeek Suan said. Speaking at the Central Provident Pond Board annual dinner and danee, Mr Lee said even if half of those301 words
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177 1987-11-07 4 THE watches bore de-signer-names like Rolex, Piaget and Cartier, and glittered nnder the lights. But the brilliance was not the sheen of gold, silver or platinum. Instead, these were garish counterfeits seized by police last Saturday. In a three-hour raid,177 words
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Article, Illustration328 1987-11-07 4 MR WONG Hong Toy, who has been chairman of the Workers’ Party since 1974, has resigned from the party, “heartbroken” over its failure to allow more younger and better-educated members to help lead the party. He accused WP secre-tary-general J. B. Jeyaretnam of resisting changes328 words
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Article, Illustration663 1987-11-07 5 SALMA KHALIK - Tourist board in sBm bid to to resurrect night spot By SALMA KHALIK DATE: January 1989. TIME: 3am. PLACE: Bugis Street. SCENE: A good mix of Singaporeans and tourists are scattered around on wooden stools looking at the roof of the public toilet where boisterous sailors areST artist’s impression based on drawing provided by STPB - 663 words
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352 1987-11-07 5 IN FUTURE, the elderly who wish to do so may be able to live together in private housing projects specially designed for their needs. The projects will incorporate shared facilities such as exercise equipment. Miss Lim Hsiu Mei, the Community Development Ministry’s Deputy Secretary352 words
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Article270 1987-11-07 5 NINE top Singapore architects shortlisted by the Singapore Tourist Promotion Board aboat four years ago were ashed to satonlt proposals to tom a part of Albert Street Into another Bngls Street. Many of their suggestions appalled the hoard. Here Is a sampling: o A MULTI-COLOURED270 words
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539 1987-11-07 5 BRIGADIER-GENERAL (Res) Lee Hsien Loong took Singapore’s productivity campaign into its seventh year this week by explaining why the movement is here to stay. Unless productivity increases year after year, economic growth must sooner or later slow down, said the Trade and539 words
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Article196 1987-11-07 5 A FORMER main branch manager of Malayan Banking Berhad has been charged with accepting a $30,000 bribe in return for recommending a multi-mil-I ion-dollar overdraft facility. Khoo Teck Slew, 61, is accused of corruptly taking the money on Feb 1, 1981, from Mr Pek Chen196 words
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578 1987-11-07 6 TWO Government leaders have urged Chinese dan associations to update and simplify traditional rituals and customs so that these can remain relevant to younger Singaporeans. This major challenge to them came from First Deputy Prime Minister Goh Chok Tong and Community Development578 words
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145 1987-11-07 6 MR J. B. Jeyaretnam has been granted leave by a court of three judges to appeal to the Privy Council against an order which bars him from practising as a lawyer. He was also ordered to pay security of $3,000 to the145 words
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345 1987-11-07 6 THERE is no need to hoard the new $1 coin as ample stocks are available. Neither should banks ration them to the public. The Board of Commissioners of Currency made these points following reports that very few of the coins are being345 words
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Article, Illustration237 1987-11-07 6 VISITORS taking the ferry from the World Trade Centre to Sentosa will now arrive at a spanking new terminal building which resembles a sprawling colonial mansion with stately white columns and a red-tiled roof. The ride to the new $14.5 million ferry terminal takes four minutes,237 words
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117 1987-11-07 6 PRINCESS Anne, doe here next week for i foor-day official vltrit, will call on President Wee Kim Wee and Prime Minister Lee Kuan Yew. According to a statement from the British High Commission, she will also attend a dinner hosted by117 words
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370 1987-11-07 6 ASEAN parliamentarians, here for a population conference, learned about Singapore’s new population policy in greater detail when they met First Deputy Prime Minister Goh Chok Tong this week. The 20-minute meeting at Parliament House was a lively session as the visitors questioned370 words
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648 1987-11-07 7 BRENDAN PEREIRA - Tour agencies and restaurants upbeat but retailers fear spending cuts By BRENDAN PEREIRA SOME executives from the retail, hotel and travel sectors have voiced optimism hedged with a touch of caution that sharp plunges in the stock market will not hurt business prospects for648 words
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224 1987-11-07 7 REPORTS that the United States may soon deprive Singapore of duty-free benefits were dismissed as "grossly premature” by the US Trade Representative, Mr Clayton Yeutter. Mr Yeutter, who was in Singapore to meet Asean economic ministers, confirmed however that a study was under224 words
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347 1987-11-07 7 POLITICIANS, business leaders, academics and journalists meet here next week for a conference to examine developments and prospects In the Asia-Pa-cific region. Prime Minister Lee Koan Yew and United States Ambassador to Indonesia Paul Wolfowltz will provide overviews on the opening day of347 words
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Article, Illustration97 1987-11-07 7 YUHUA MP Mrs Yn-Foo Yee Shoon flashes a smile before going down an emergency escape chute from the seventh floor of a block at Jurong West Street 41 last Saturday to experience how this Civil Defence Force-operated apparatus worked and to show constituents97 words
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176 1987-11-07 7 SINGAPORE Airlines is the number one airline, and Changi the top airport in the Asia-Pacific region, according to regular regional travellers. These are two of the findings of a survey conducted by the International Foundation of Airline Passenger Associations, a non-profit organisation176 words
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Article139 1987-11-07 7 FOREIGN workers are being issued with a new work permit card which will be easier to carry than the six different booklets currently in use. The new cards were issued this week to workers whose permit applications have been approved. Present permit holders can continue using139 words
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147 1987-11-07 7 A 14-YEAR-OLD girl woke up one morning to find her Filipino maid, knife in hand, in her bedroom, a district court heard on Thursday. The maid, Wichelmina Fernando, 21, accused Miss Oey Ying Erh of not showing her respect and threatened her with147 words
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across the CAUSEWAY
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Article, Illustration690 1987-11-07 8 Profiles of some of the top people held Dr Chandra Muzaffar, 40. Aliran President. Founded Aliran in 1977 and has been active in human rights and other issues. Lecturer at Universiti Sains Malaysia from 1970 to 1983. Holds BSc, a masters in socialwith streets crowded with shoppers. AP picture. - 690 words
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125 1987-11-07 8 Be mama. KUALA LUMPUR All new trlrvision and radio programmes should highlight racial solidarity and promote Inter-radal understanding, Information Minister Datuk Mohamed Rahmat has said. Dramas should also portray this theme and not concentrate on the problems of any one race, and– Be mama. - 125 words
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229 1987-11-07 8 KUALA LUMPUR Malaysia’s first Prime Minister, Tunku Abdul Rahman, has condemned the arrest of MPs and other politicians in last week’s government crackdown on people suspected of inciting communal violence. The former leader said the country’s parliamentary system could be threatened.229 words
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151 1987-11-07 8 Bernama. KUALA LUMPUR The Foreign Ministry has sent to Malaysian missions abroad copies of the text of Prime Minister Datuk Seri Dr Mahathir Mohamad’s speech to Parliament explaining the reasons behind the Internal Security Act detention of 93 people since TuesdayBernama. - 151 words
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336 1987-11-07 8 KUALA LUMPUR Reuter, Bernama. MALAYSIA, which banned three newspapers last week because of racial tensions, will establish a Press Council to promote racial harmony. An official statement said a council was necessary in view of "the important role played byReuter,; Bernama. - 336 words
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Article70 1987-11-07 8 KUALA LUMPUR The National Union of Journalists has said it regretted the government’s decision to revoke “arbitrarily” the publishing licences of The Star and Sunday Star, Sin Chew Jit Poh and Watan. An NUJ statement said although it supported any action by the government to safeguard70 words
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200 1987-11-07 9 KUALA LUMPUR Bernama. A TOTAL of 2,742 army personnel, 2,084 civil servants and 518 police personnel have been involved in drug abuse up to July this year. Disclosing these figures, Public Services Department Deputy Director-Gen-eral Datuk Wan MansorBernama. - 200 words
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Article, Illustration127 1987-11-07 9 Banned lawyer: I didn 't meddle in S'pore affairs AFT, Bernama. KUALA LUMPUR Malaysian lawyer Param (umarasamy, one of four people banned from Singapore last week, has denied doing anything to undermine security In the Republir. "During my visits to Singapore I never worked up or attempted to work upAFT,; Bernama. - 127 words
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287 1987-11-07 9 KUALA LUMPUR Bernama. THE meeting between Deputy Prime Minister Ghafar Baba and leaders of public sector union officials last week failed to produce any concrete result towards settling outstanding claims for a salary adjustment in the civil service. “We are disappointed the governmentBernama. - 287 words
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125 1987-11-07 9 NST. KUALA LUMPUR The Malaysian Highway Authority (MHA) has denied reports that there are conspicuous cracks in several sections of the Penang Bridge. MHA Deputy DirectorGeneral Yeo Eng Han said there were cracks only in several sections of two interchanges. He said there– NST. - 125 words
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96 1987-11-07 9 NST, Bernama. KUALA LUMPUR Parliament was told that the Queen Elizabeth Hospital in Kota Kinabalu had transfused unscreened blood in emergency cases. Deputy Health Minister Dalu.H K. Pathmanaban said his ministry «2 s aware the hospital had done so in several emergencies to save lives.NST,; Bernama. - 96 words
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133 1987-11-07 9 KUALA LUMPUR Former Prime Minister Tun Hussein Onn has been discharged from the Seaton Hospital in San Francisco after undergoing a successful heart operation, The Malay Mail reported. A hospital staff member said Tun Hussein had fully recovered from the operation.133 words
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Article, Illustration225 1987-11-07 9 MC'T HO A JOHOR BARU A search is going on for a missing Pontian magistrate who is alleged to have accepted a M 525,000 bribe as inducement for acquitting three Indonesians facing Customs charges. There is speculation that Balbir Kaur, 29,MC'T HO A . - 225 words
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Article135 1987-11-07 9 Bernama KUALA LUMPUR Officers of the crop protection branch of the Agriculture Ministry have been making weekly visits to Cameron Highlands since March to ensure that vegetable farmers exercise control on the use of pesticides, Deputy Ag ricuiture Minister Kassim Ahmad said. He told the DewanBernama - 135 words
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262 1987-11-07 9 MP tells Parliament: Profession Act. Bernama. KUALA LUMPUR A government backbencher has questioned the role and integrity of the Bar Council, which he claimed had acted beyond the bounds of its responsibility. Mr Zubir Embong, the MP for Kuala Trengganu, criticised BarProfession Act. Bernama. - 262 words
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Article206 1987-11-07 9 NST. PENANG a 12-year-old girl has been arrested for alleged drtiff trafficking. Police also arrealfd a 30-year-old unemployed mail who was with the girl when anti-narcotics officers raided a house in Pengkalan Weld at about 8 pm on Friday last week. Sources said theNST. - 206 words
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146 1987-11-07 9 here pending trial. Bernama. KUALA LUMPUR A soldier was charged on Monday in a magistrate’s court here with the murder of a rubber smallholder two weeks ago. Private Adam Jaffar, 23, of the Sixth Rangers Regiment in Ipoh, also faces two other chargeshere pending trial. — Bernama. - 146 words
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CAUSEWAY/ASEAN
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971 1987-11-07 10 THE Japanese newspaper ASAHI SHIMBUN interviewed Prime Minister Datuk Seri Dr Mahathir Mohamad last Monday about the present situation in Malaysia. Here are excerpts from the interview: Hurstion: llim would you assess the situation in Malaysia today? Mahathir: It's very stable The action that the971 words
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647 1987-11-07 10 CATHERINE C. ONG - THE National Bank of Brunei fraud trial was adjourned until next Monday, after a brief hearing last Tuesday, to allow counsel from both sides to sort out differences over how to approach the second part of chief prosecution witness647 words
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254 1987-11-07 10 ABBY TAN - By ABBY TAN, Manila Correspondent ANGELES CITY “No Americans, no money,” complained a petite Filipino bar hostess polishing her nails while sitting atop a bar stool in the Vampire Club. On the walls were posters advertising Halloween Night with witches on254 words
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153 1987-11-07 10 BANDAR SFRI BEGAWAN Bars, lobby iounges and restaurants of hotels in Brunei could go “dry” from early next year, according to a report in The Borneo Bulletin. It said some hotels in Bandar Seri Begawan and Kuala Belait had already been told by153 words
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Article, Illustration402 1987-11-07 10 AP WASHINGTON Thailand’s King Bhumibol Adulyadej is transferring many royal duties to his children but “I don’t think he will ever abdicate in the true sense of the word," a Thai palace official has said. In Thailand, “when you become a king,AP - 402 words
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160 1987-11-07 10 BANGKOK Police have arrested a former deputy minister, a senior Buddhist monk and three other suspects on charges of forging documents to help unqualified candidates win royal honours. The five were arrested or. Thursday last week for involvement in forging documents for160 words
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FORUM
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366 1987-11-07 11 THE Ministry of Communications and Information has suggested (ST, Oct 23) that I should share my unpublished (by the Far Eastern Economic Review) rebuttal to a negative letter on Singapore by a Mr Charles de Trenck Jr carried in the July 2 issue366 words
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61 1987-11-07 11 I WISH to thank Mr E.L. Lim (ST, Oct 26) for his comments on cigarette posters at outlets selling cigarettes. Measures to further tighten the control on the advertising and promotion of tobacco products, including control on the use of posters, are being61 words
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Article83 1987-11-07 11 I REFER to the report on MRT rules and regulations which cover 36 offences (ST, Oct 27). I don’t see any justification for imposing a fine of $2,000 for travelling without a ticket and 15,000 for having a damaged ticket. What happens if someone were to lose83 words
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Less freedom for prosperity and peace
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Article298 1987-11-07 11 AS SINGAPOREANS studying overseas we have the opportunity to observe the developments and consequences of the recent difficulties with the foreign press, from an objective point of view. Many allegations were made against the Government which were later proven untrue. While the foreign298 words
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Article110 1987-11-07 11 IT IS Indeed i grant relief to note that so for (and I hope It remains this way) no letter has been published In the Forum page regarding the political situation In Malaysia. To say the least, It Is very commendable of Singaporeans to he110 words
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Page 11 Advertisements
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Advertisement91 1987-11-07 11 Dear Overseas Readers The Straits Timas Weakly Overseas Edition welcomes letters from you. Your letters must include your signature, full name and address. They should preferably by typed, doublespaced, on one side of the paper. You may add a pseudonym if you wish, but we would prefer your using your91 words
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Advertisement197 1987-11-07 11 wm overseas about Singapore. F nn The Straits Times H lijl; r WEEKLY OVERSEAS EDITION utuumv, MriMtu i <«-> N* ZTL%%' BBBpgags The Straits Times Overseas Weekly. It’s the weekly newspaper, printed on lightweight paper in convenient tabloid size. It carries business, economic, political and general news on Singapore as197 words
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COMMENT/ Pick of the week’s editorials
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Article632 1987-11-07 12 EDITORIALS published in this page are from The Straits Times unless otherwise acknowledged. Nov 7,1987 THE start of MRT operations today is a proud moment for all Singaporeans. Of all the qualitative improvements to living standards in recent history, the MRT’s impact is particularly significant632 words
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Article647 1987-11-07 12 Nov 5,1987 IT IS that time of year again when, for a month, the National Productivity Board labours to engage our attention on why productivity matters to each and every Singaporean The focus this year is on encouraging pride of work among all workers, from647 words
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Article607 1987-11-07 12 Oct 31,1987 FOR some time now, Singapore has been grouped together with other newly industrialising countries in East Asia, namely Taiwan, Hongkong and South Korea, and referred to conveniently as one of the “four dragons’’. When it is obviously meant as a compliment, it is certainly607 words
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Article, Illustration341 1987-11-07 12 cial way. The Sunday Times Nov 1,1987 IN A WEEK when Singaporeans were preoccupied with the bad news that continues to dominate the headlines, it was pleasant and heartwarming to learn of a crippled young man’s effort to raise money for the National Kidney Foundation. Thoughcial way. The Sunday Times - 341 words
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COMMENT/Perspective
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Article, Illustration1296 1987-11-07 13 Abby Tan - Her role in rallying people power not enough to influence peace committee All her attempts for peace so far have foundered Our correspondent’s file Abby Tan MANILA ADMIRERS of Mrs Corazon Aquino must have felt keenly the disappointment that1,296 words
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Article, Illustration1168 1987-11-07 14 They don’t call RONALD LI ‘Chairman Li’ for nothing, although the autocratic bourse boss is now under siege HE it like the Hang Seng Index a force to be reckoned with. But like the Index, Hongkong Stock Exchange chairman Ronald Li has been1,168 words
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557 1987-11-07 14 new town .J YOU have these things to do, all within perhaps one hour during lunchtime get certain primary school textbooks, duplicate a set of your Income Tax declaration forms, register for a commercial studies class, have your watch repaired, buy a pair557 words
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Article, Illustration1217 1987-11-07 15 What is Tan Sri Khoo Teck Puat as a family man? Reputed to be one of the richest men in the world, the multi-millionaire financier and hotel tycoon is now reportedly in Seoul, South Korea, having left Sydney, Australia, two days after a1,217 words
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Page 13 Miscellaneous
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Miscellaneous39 1987-11-07 13 (olljlk's h'nt w .■rimo jr 'TinD^ MT w fsxsisiiissi mv HAT w isxssssssms SS.IS SSS J-SSSS s-ssissss*sss Usisjirww '^srmsm/ ♦Y.\ i r*3 y /’»3K§ »<r« KO^ iSAUggr-JJ 7^ I/A' r \3 .<r-i pk ?-iip r%' ii V 4 iih39 words
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TIME$
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Article3196 1987-11-07 16 Friday, Nov 6,1987 1987 last Yield Vol Day High low Company Sale Change 000) High low SECTION ONE INDUSTRIALS COMMERCIAL 27$ 80 Acma I 16 1 08 75 121 116 96 56 Alcorn 66 308 100 Amal Steal 50« I 34 +11 29 3453,196 words
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449 1987-11-07 16 time being. – LIM ENG HAI - time being. LIM ENG HAI SHARE prices in Singapore edged up yesterday in line with the New York, London, Tokyo and Hongkong markets as trading activity dwindled to its lowest level since Black Monday. Turnover, which had been falling for six days, contracted to449 words
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155 1987-11-07 16 KUALA LUMPUR Promet was again a feature of what was a slightly steadier Kuala Lumpur stock market yesterday. The recently-relisted counter again headed the most active list, with 2.683 million shares changing hands including a married deal of two million shares at 49 sen.155 words
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Article137 1987-11-07 16 HONGKONG share prices closed sharply firmer yesterday on strong late buying interest focused on Li Ka Shing o C heun Kon B Sr° u PThe Hang Seng rose 152.77 points to end at 2,113.67 despite a brief bout of profit-taking that threatened to push the137 words
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344 1987-11-07 17 K. F. TANG - By K. F. TANG IT HAS been open season for brokers and dealers, as embattled investors caught in last week’s market crash and its after-shock scrambled feverishly to free themselves from the full-nelson hold the bear clapped on the344 words
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177 1987-11-07 17 THE stock market crash will make it hard for Amcol Electrical Industries to persuade its shareholders to approve its proposed acquisition of Golden Bay Realty, the owner of a sizeable proportion of Orchard Towers. But Amcol’s directors have said they still believe the purchase177 words
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443 1987-11-07 17 DOREEN SOH - Interim results boosted by increased traffic and aircraft sale By DOREEN SOH INVESTORS who grabbed Singapore Airlines shares at what seemed to have been bargain-basement prices in the recent stock market slump have good reason to smile. The national airline last week reported a443 words
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Article377 1987-11-07 17 Nov t MS Change Assoc Inti Hotels 1 97 0 17 Bank Ot East Asia 17 10 02 Capital Cotp 0 98 unch Cathay Pacific Air 550 0 55 Cheung Kong 690 0 75 China l ight 17 70 09 City Resources 1 18 •0 22 Cross Harb Tunnel377 words
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500 1987-11-07 17 MBT. KUALA LUMPUR United Malayan Banking Corp (UMBC), long rumoured to be the next commercial bank to seek a public listing on the Kuala Lumpur Stock Exchange, has pasted a set of reasonable results despite the economic downturn. For the 18 months endedMBT. - 500 words
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672 1987-11-07 18 K. F. TANG - By K. F. TANG DEBT-RIDDEN hotel group Faber Merlin Malaysia Bhd is unable to redeem M 517.8 million worth of loan stock and has alluded to the depressed stock market as the reason. The outstanding 17.8 million units of its 8.75 per cent672 words
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324 1987-11-07 18 MBT. KUALA LUMPUR UMW Corp will carry on with its rights issue regardless of the fall and volatile conditions in the stock market, sources said. The sources said the company's rights issue proposals were going ahead on schedule. Trading in UMW sharesMBT. - 324 words
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281 1987-11-07 18 MALAYAN Banking Bhd more than doubled its group pre-tax profit in the year ended in June an excellent performance considering it had been 25 per cent down at halftime. Maybank reported that it made M 5160.91 million before tax for the year281 words
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135 1987-11-07 18 THE Monetary Authority of Singapore is inviting bids for a new auction of $350 million in five-year government securities. The closing date for applications is noon on Tuesday while the issue and settlement date will be Friday. The bonds, which will mature135 words
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Article36 1987-11-07 18 THE Oversea-Chinese Banking Corporation has bought another 200,000 Fraser Neave shares worth $l.B million. It now directly and indirectly holds 38.12 million shares or 30.3 per cent of F&N’s issued capital.36 words
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Article29 1987-11-07 18 AUSTRALIAN company FAI Insurances Ltd has made a profit of A 5131.38 million ($181.30 million) from the sale of its stake in British merchant bank Hill Samuel.29 words
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Article, Illustration238 1987-11-07 18 Forbes’ list of America’s richest shrinks after the Wall Street crash NEW YORK The Forbes 400 ranking of America’s richest people has become a little more exclusive since the global stock market collapse. The list this year required a minimum of US$225 million (5J463.5Reuter. - 238 words
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158 1987-11-07 18 Reuter. liONDON A major British investment firm has announced an inquiry Into how it allowed a trainee accountant to run up debts of more than £3 million (5519.8 million) during last month’s stock market crash. A spokesman for County Natwest CapitalReuter. - 158 words
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287 1987-11-07 18 THE financial adviser to First Capital Corporation has set out the advantages of shareholders accepting United Industrial Corporation’s takeover offer, but it has also drawn attention to UlC’s heavy dependence on share dealing profits in the past. The adviser, Baring Brothers287 words
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Page 19 Advertisements
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Advertisement939 1987-11-07 19 APPOINTMENTS SUNDSTRAND Sundstrand Data Control, Inc. Electronic Mechanical Software Engineers Technicians LEARN THE AEROSPACE AVIONICS BUSINESS IN THE UNITED STATES APPLY YOUR KNOWLEDGE IN SINGAPORE Sundstrand International, a world wide avionics leader in the field of microprocessor-based flight safety, data management, communications, and memory systems is offering a unique opportunity939 words
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Page 20 Advertisements
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Advertisement993 1987-11-07 20 1 BECTUN DICKINSON Our client. Becton Dickinson Medical Products Pte Ltd is a United States based manufacturer of medical products. They are establishing a major facility in Singapore to manufacture high quality products for export worldwide. Their factory is currently under construction at Tuas where they are projecting a total993 words
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Page 21 Advertisements
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Advertisement776 1987-11-07 21 olivelli Europe’s largest most dynamic manufacturer of data processing systems and office products has ambitious plans to expand its Singapore operations. Read and see if you have a place in our exciting growth programme: New Product Start-Ups TOOLING ENGINEERS 3 highly-expenenced tooling experts who have about 5 years’ track record776 words
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Page 22 Advertisements
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Advertisement902 1987-11-07 22 JO% Comsertrac to excel in Information Technology Established in 1976 and looking to the future needs of supporting and complementing Singapore's Information Technology (IT) strategy, we pride ourselves on our progressive approach in developing highlycompetent IT professionals and our commitment to excellence in software R D Owing to expansion, we902 words
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TIMESPORT
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Article, Illustration390 1987-11-07 23 JOE DORAI - Two other Swiss clubs watching him By JOE DORAI SINGAPORE striker V. Sundramoorthy's progress as he attempts to make the grade in professional soccer in Switzerland with FC Basle is being eagerlywatched by two other Swiss clubs The first team keeping an eye on him from390 words
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Article, Illustration352 1987-11-07 23 BADMINTON WONG Shoon Keat has turned down the Singapore Badminton Association's offer to become a professional coach because he feels that he isn’t qualified enough for the job. He will, however, remain the national coach and receive allowances for his training352 words
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Article60 1987-11-07 23 CHANGKAT won the interconstituency soccer final for the Prime Minister’s Cup with a last-minute goal against Nee Soon at Toa Payoh stadium last Saturday. The match looked set for a penalty shootout when Changkat's Jamaluddin Hassan swooped down on the ball following a defence misunderstading in front of60 words
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179 1987-11-07 23 SINGAPORE will help to promote sepak takraw in China as part of an effort to have the sport included in the 1990 Asian Games which will be held there. The Singapore Amateur Sepak Takraw Association (Perses) have agreed to assemble a regu179 words
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261 1987-11-07 23 PAUL LLM once again gained fame for tiny Singapore in the world of darts when he finished joint third in the World Championships in Copenhagen last week. This was the highest position that the Republic’s No.l had achieved since taking part in the261 words
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Article396 1987-11-07 23 TAY CHENG KHOON - By TAY CHENG KHOON LONDON Zainal Abidin and Peter Hill reserved their best for the last to gain Singapore a creditable seventn position in the World Team Championship. which ended nere on Sunaa The Republic beat Canada 2-1 to relegate the North Americans to eighth396 words
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Article247 1987-11-07 23 Pakistan make it four--in-a-row World team squash tourney LONDON Squash maestros Pakistan had little trouble making it four-in-a-row in the World Team Squash Championships when they defeated New Zealand 3-0 in the final in the Royal Albert Hall on Sunday, although Ross Norman put up a valiant fight against world247 words
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113 1987-11-07 23 KUANTAN The Regent of Pahang, who resigned as president of the Pahang Football Association after the state failed to score a double in the Malaysia Cup tournament, has agreed to reconsider his decision, vice-president Ibrahim Taib said this week. Pahang won the league113 words
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430 1987-11-07 24 KL hopes to step up military ties with Singapore Rithauddeen MALAYSIA and Singapore hope to step up military co-operation, Malaysian Defence Minister Tengku Ahmad Rithauddeen said on Wednesday. He said there was room to further improve what he described as the happy state of military co-opera-tion at present. Ways of430 words
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255 1987-11-07 24 RITA GOMEZ - 9y RITA GOMEZ in Hongkong HONGKONG Johor tycoon Datuk Yap Sing Hock, arrested here by Interpol on Monday, has been refused bail despite a character reference from the former Sultanah of Johor, Nora Ismail. The risk of bail for255 words
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Article72 1987-11-07 24 KUALA LUMPUR MCA president Dr Ling Llong Sik returned here from Europe on Monday night. Hr Ling, who left the capital hours after the security swoop began on Tuesday last week, would not comment when asked why he was away. The party’s vice-president, Mr Lee Kim Sal,72 words
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Article386 1987-11-07 24 Last week we published the names of the first 63 people detained by the Malaysian government under the IT A. Here are the names of the 30 others arrested since then: 1. Ong Tin Kim, 45, Parliamentary Secretary to •he Ministry of Energy, Telecoms and Posts.386 words
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Page 24 Advertisements
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Advertisement7 1987-11-07 24 C Nikon) THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM7 words
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Page 24 Miscellaneous
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Miscellaneous41 1987-11-07 24 SUN TAN Woh MV ACMiH* THiSmaaD PHYSICAL \WWUiS APROAIc* WHAT PHYSICAL WORK :1 s SAW Y&HSIfiPINR UNDER THAT TAK AU. AFTEAHOON S 7 Collette WEU. YDM KNOW WHAT THcT 1 SAY, WHEN YOU HAY£ A sleep oh .r' ii 2 'y41 words
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