The Straits Times : Weekly Overseas Edition, 21 November 1987
1987-11-21
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The Straits Times : Weekly Overseas Edition
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Title Section20 1987-11-21 1 The Straits Times WEEKLY OVERSEAS EDITION SATURDAY, NOVEMBER 21, 1987 Price: S$1.20 (in Singapore) Elsewhere by subscription only MCI(P) 222/8/8720 words
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Article, Illustration759 1987-11-21 1 CATHERINE C. ONG - Surprise turn of events in Brunei bank fraud trial By CATHERINE C. ONG BANDAR SERI BEGAWAN In a surprising and sudden turn of events, Khoo Ban Hock, former chairman of the National Bank of Brunei, on Thursday pleaded guilty to two charges of conspiracy to defraud759 words
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Article, Illustration217 1987-11-21 1 For Pak Zubir, a 14-gun final salute at the graveyard ONE composed Singapore's national anthem, the other sculptured the eight-metre Merllon sitting at the mouth of the Singapore River. This week Singapore mourned their deaths within a day217 words
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573 1987-11-21 1 MICHAEL LIM - By MICHAEL LIM THE Government is building a grand new military institute dedicated to the training of all officers, in another major milestone in the development of the Singapore Armed Forces. Set in 50 hectares in Jurong, near the present Singapore573 words
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Article, Illustration249 1987-11-21 1 FIRST Deputy Prime Minister Goh Chok Tong has some candid views to offer on a wide range of topics in a series of conversations published in a book launched in Singapore last Wednesday He was among those whom Dr Raj Vasil, a specialist in the politics of multi-racial249 words
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518 1987-11-21 1 THE HONGKONG Shanghai Bank has rallied behind property tycoon Ng Teng Fong, who has suffered heavy personal losses in the Hongkong stock market, by extending a credit line of HK$l billion to his listed Sino l.and group, reports Business518 words
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Page 1 Advertisements
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Advertisement92 1987-11-21 1 ifll U /.Pf'S' INSIDE Thoughts of Anwar Ibrahim PAGE 22 HOME NEWS Gemini cheat fund affair ends PAGE 2 147 get National Day awards PAGE 4 The new Miss Tourism; and what tourism chief sees ahead PAGE 5 ACROSS THE CAUSEWAY/ ASEAN Govt not out to put down Chinese education92 words
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HOME
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Article, Illustration565 1987-11-21 2 GRACE CHNG - Joint venture with 2 US companies to tap sloob market By GRACE CHNG GOV ERNM ENT-owned Singapore Technology Corporation (STC) has teamed up with two American companies to invest US$4O million (SsB2 million) in a state-of-the-art plant making customised computer chips. TheFamily picture. - 565 words
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155 1987-11-21 2 METRO Holdings Ltd has been named Asia’s Corporate leader of the Year ISBI by the editors of Asian Finance, a Hongkong-based financial magazine. In a letter to Metro earlier this month, the magazine’s chief editor said that they were impressed by155 words
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210 1987-11-21 2 MR LIM Nang Seng, 71, sculptor of the Merlion sitting at the mouth of the Singapore River, died on Tuesday. Tragically, Mr Lim’s death occurred during the very week of the Merlion Week festivities, which started last Saturday. Mr Lim’s eldest son, Peter, 40, a210 words
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Article477 1987-11-21 2 THE final dividend of a business enterprise, which was dubbed the “Swindle of the Century’’ after the Government shut it down in 1972, has been paid out. Former subscribers of the defunct Gemini Chit Fund have been told by the Official Receiver that they are477 words
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Article, Illustration578 1987-11-21 2 LIM KWAN KWAN - Commandos fire 14-gun salute in final tribute By LIM KWAN KWAN MR ZUBIR SAID, 80, composer of Singapore's national anthem, Majulah Singapura, died last Monday of liver failure. Mr Zubir, who wrote both the lyrics and the music for the song in 1958, died578 words
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Article, Illustration617 1987-11-21 3 MICHAEL LIM - By MICHAEL LIM RANK has its privileges and the master-plan for the impressive Safti Military Institute acknowledges this. The most senior of the three officer training schools there, the Command and Staff College, which runs courses for officers from the rank of major upwards, will sit atop617 words
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Article86 1987-11-21 3 A COMMITTEE of nine MPs, headed by Brig-Gen (Res) I>ee Hsien Loong. has been set up to organise the People’s Action Party convention beginning on Jan 9. The two-day convention is open to both ordinary and cadre members of the party, according to the PAP publi- cation, Petir,86 words
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Article, Illustration582 1987-11-21 4 Madam Matchmaker Eileen Aw among 3 gold medal winners THEY work in embassies, hospitals, schools, laboratories, offices, prisons, voluntary organisations and military camps. But all had one thing in common: They shone in what they did. Singapore saluted 147 men and women last582 words
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631 1987-11-21 4 A FORMER Singapore Airlines steward charged with having corruptly served as a courier for a department store in the course of his work has had his plea of guilt rejected by the judge in a decision which could have repercussions for631 words
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218 1987-11-21 4 ONG MING SEING - ONG MING SEING Washington Correspondent WASHINGTON Singapore is among four countries accused of “dumping" colour television picture tubes in the United States at below market prices, according to a US government finding. The other countries cited by the Commerce Department on218 words
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252 1987-11-21 4 REPLACING Singapore's tl notes with the new $1 coins will save the Government more than $640 million in the next 20 years that’s enough to build 15,000 Housing Board flats. The savings arise because the $1 coins last up to 20252 words
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Article, Illustration153 1987-11-21 5 SINGAPORE’S new Miss Tourism is pre-university student Cindy (right). The 20-year-old commerce student, who Ls in the midst of her A-level examinations, beat nine other contestants last Friday night at the tourism ball at the Westin. The new tourism queen is looking forward153 words
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Article, Illustration568 1987-11-21 5 Stock market crash likely to lead to fewer tourists SINGAPORE’S tourism chief has some grim advice for his colleagues: Redouble your efforts or else we will be in the pits... “We have to redouble our efforts if we are to maintain any prospect of568 words
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Article, Illustration402 1987-11-21 5 She plotted hold-up of husband and mistress THE woman in the superglue robbery case was sentenced last Friday to three years' jail. Businesswoman Sim Ah Ngoh, 43, who plotted the robbery in which her estranged husband was the victim, showed no emotion402 words
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157 1987-11-21 5 A POLYTECHNIC principal has told his girl students to reject dates from smokers unless they quit the habit. Launching the Ngee Ann Polytechnic’s month-long Smoking Control Campaign, Mr Chen Hung advised the girls to pick non-smoking boyfriends. They have greater spending157 words
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212 1987-11-21 5 A MEDICAL conference highlighting the application of new technology such as lasers and computers in surgery will be held in Singapore from Nov 27 to 29. The 21st Annual Combined Surgical Meeting organised by the Chapter of Surgeons of the Academy of Medicine in212 words
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244 1987-11-21 5 PETER HAZELHURST - By PETER HAZELHURST Tokyo Correspondent TOKYO Two Frenchmen and a Japanese criminal may have used Singapore as a base to smuggle stolen paintings into Japan, the national police agency here said. The paintings include works by Camille Corot and Claude Monet’s244 words
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Third quarter economic survey
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Article, Illustration293 1987-11-21 6 Financial and business services SINGAPORE'S financial and business services sector enjoyed buoyant growth of 9.1 per cent before the worldwide stock market crash in OctoDer. This third-quarter performance came mainly on the back of active lending activity and share transactions In293 words
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Article, Illustration605 1987-11-21 6 A NEW index of leading indicators designed to give early warning of impending downturns in the economy has been unveiled by the Ministry of Trade and Industry. The index, comprising eight economic indicators, has been “found to yield surprisingly good605 words
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398 1987-11-21 6 ANNE KOH - By ANNE KOH JUST like their foreign counterparts, local computer-makers are enjoying a boom this year. Exports of microcomputers made by Singapore-owned companies are expected to exceed $lOO million. This is a 33-fold jump compared to the export levels in 1985, said the Trade398 words
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153 1987-11-21 6 Commerce BUSINESS in the commerce sector jumped 12.9 per cent in the third quarter. With a remarkable 19 )**r cent more tourists and other visitors, as well as higher spending by Singaporeans, the sector bettered its previous quarter's growth of 9.9 per153 words
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Article87 1987-11-21 6 Construction THE construction sector seems set to begin a slow climb out of its two-year doldrums. After nine consecutive quarters of double-digit decline, the sector’s contraction has now slowed to 5.8 per cent. With the robust performance of other sectors, de- mand for commercial and residential properties87 words
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Article, Illustration134 1987-11-21 7 PRINCESS Anne went down In local history last Saturday as the first foreign dignitary to take the Tube, Singapore style. Iler morning ride began and ended at the as yet unopened Orchard station, the Mass Rapid Transit system showpiece. She was accompanied by MRT134 words
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297 1987-11-21 7 PUBLIC sector employees will get a special year-end bonus next month equal to one-third of their December salary in addition to their usual 13th month wage supplement. The good news, announced last Saturday by the Finance Ministry, follows the forecast that economic growth for297 words
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192 1987-11-21 7 VETERAN politician S. Rajaratnam has said that he does not want to take part in the next general election. "I have had enough,” the 72-year-old Senior Minister in the Prime Minister’s Office and MP for Kampong Glam told reporters. As far192 words
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527 1987-11-21 7 EDMUND LOH - By EDMUND LOH POLICE have arrested 34 directors and officers of five companies suspected of trading in the Hang Seng Index futures contract without a licence. Police also seized various documents in a series of raids by the Commercial Crime Division between527 words
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324 1987-11-21 7 TRADE and Industry Minister Brig-Gen (Res) Lee Hsien I.oong paid tribute to the pioneering spirit of the early Teochew immigrants when he opened an international gathering of clan members heie on Thursday. He recalled how the Teochews left their homeland decades ago to324 words
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Article421 1987-11-21 7 Gillian Row Chong - Hospital will soon have hotel-like environment By Gillian Row Chong MOUNT Elizabeth Hospital is to embark on a massive 15-million expansion programme next year. It will involve the construction of a technologi-cally-advanced cancer centre, a maternity section extension, provision of new equipment, and a421 words
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across the CAUSEWAY
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Article, Illustration828 1987-11-21 8 Mahathir on racial issues and the ISA arrests KIJALA LUMPUR Prime Minister Datuk Seri Dr Mahathir Mohamad has said that his government has no intention of putting down Chinese education. The government would finance primary Chinese education while leaving secondary education to828 words
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221 1987-11-21 8 NST. KUALA LUMPUR Information Minister Datuk Mohamed Rahmat suggested last Saturday that a pass in Bahasa Malaysia at departmental level be made a condition for confirmation of civil servants in groups A and B (officers in time-scale). Such a move, he said, was– NST. - 221 words
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249 1987-11-21 8 Reuter, Bernama. KUALA LUMPUR Malaysian police have detained seven more people, iduding a women lecturer at the University of Agriculture, and five Muslim opposition leaders, bringing the total arrested to 103 in the country’s biggest security crackdown in a decade toReuter,; Bernama. - 249 words
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121 1987-11-21 8 Bernama. KUALA LUMPUR The government will issue a White Paper on the recent Internal Security Act detentions, Prime Minister Datuk Seri Dr Mahathir Mohamad said. The Prime Minister told reporters at Parliament House that if it was not possible to present the paperBernama. - 121 words
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Article62 1987-11-21 8 NST. KUALA LUMPUR Five policemen, including a deputy superintendent and an assistant superintendent, have been sacked for "dereliction of duty". Disclosing this, Police Commissioner Datuk Hasnan Abdul Aziz said that two officers were also forced to retire because of inefficiency while five others were reprimanded. AnotherNST. - 62 words
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Article, Illustration131 1987-11-21 8 Reuter, Bernama, AFP. KUALA LUMPUR Malaysian Depaty Prime Minister, Mr AMnl Ghafar Baba, bas undergone a successful coronary by pans operation In London. Prime Minister Datnk Seri Dr Mahathir Mohamad told reporters that Mr Ghafar, 12, was recovering In the British capital. Dr MahathirReuter,; Bernama,; AFP. - 131 words
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224 1987-11-21 8 Bernama, NST. KUANTAN Muslim women in Pahang caught wearing revealing clothes in public will be fined Msl,ooo or given a six-month jail term or both. A Bill providing for the enhanced punishment was passed by the State Assembly last week. Previously, the penalty was aBernama,; NST. - 224 words
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Article319 1987-11-21 8 Republic’s businessmen poured in Ms9om last year laysian workers. Bernama. KUALA LUMPUR Singapore was the biggest foreign investor in Malaysia last year, pouring in Ms9o million, according to figures released in the Dewan Rakyat. Singapore was also among the top foreign investors in the first eightlaysian workers. — Bernama. - 319 words
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Article, Illustration228 1987-11-21 9 NST. JOHOR BARU Police have uncovered a drug-smuggling syndicate with the arrest of four men and the seizure of 33.9 kg of ganja with a street value of M 550,000. The four men. whose ages range from 31 to 53 years, are believedNST.; Bernama picture. - 228 words
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200 1987-11-21 9 NST. KUALA LUMPUR Bids to get jobless graduates to join the armed forces have drawn only few applicants, due to the image civilians have of military life, the Chief of the Armed Forces, Gen Tan Sri Hashim Ali, has said. Gen Hashim said graduatesNST. - 200 words
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364 1987-11-21 9 Firms must be labour-intensive to qualify KUALA LUMPUR Bernama THE government is prepared to allow foreign investors to set up wholly-owned companies in Malaysia as long as these companies are able to create jobs for the people, Prime Minister Datuk Seri Dr Mahathir MohamadBernama - 364 words
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150 1987-11-21 9 KUALA LUMPUR hoc la tea of the US. Bernama. THE Malaysian Institute for Economic Resetrch (MIER) predicted higher ecenemlc grewth for the reentry next year bet at ft rate lower than its origInftl fereeftst of S.i per cent. MIER executive director Dfttukhoc la tea of the US. — Bernama. - 150 words
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Article203 1987-11-21 9 NST. MUAR Bomoh Haji Abdul Rashid Haji Abdullah has been put on a year’s good behaviour bond by the Syariah Court after he was found guilty of abusing the Quran HewMdarrrt.lttl numbers in Kampung Paya Lempah Rene hong on Aug 22. Syariah Court judge Haji MahmoodNST. - 203 words
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Article, Illustration266 1987-11-21 9 for longer periods. Bernama JAKARTA Malaysia and Indonesia are to improve their economic ties to face current world economic woes, Malaysian Finance Minister Daim Zainuddin said on Tuesday. Speaking to newsmen after a meeting with President Suharto, he said he had discussed thefor longer periods. — Bernama - 266 words
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183 1987-11-21 9 NST, Bernama JOHOR BARU The Sultan of Johor has stripped tycoon Yap Sing Hock of his datukship. A statement issued on behalf of the Johor Royal Council here said that Yap, 38, had been stripped of two awards, including one that carries the titleNST,; Bernama - 183 words
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Article107 1987-11-21 9 NST. KUALA LUMPUR Malay-sian-made handicraft will be seen in Harrods by May and Macy's by the end of next year if the Handicraft Development Corporation’s marketing forecast goes according to plan. Speaking to reporters after opening the Exhibition of Embroidery at Infokraf last week. Deputy Minister ofNST. - 107 words
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Article41 1987-11-21 9 Bernama TELUK INTAN (Perak) The district Immigration Depart ment has arrested 57 foreigners for entering the country without valid travel documents. A department spokesman said the foreigners, all men, aged between 20 and 35, would be deported soon.Bernama - 41 words
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222 1987-11-21 9 R. VASANTHI - By R. VASANTHI KUALA LUMPUR The government is to review its policies on national unity in view of the racial tension and the misunderstandings between the various races recently. The Minister in the Prime Minister’s Department, Mr Kasitah Gadam, said yesterday that a222 words
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ASEAN
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174 1987-11-21 10 Reuter AFP BANGKOK King Bhumibol Adulyadej has pardoned a former Thai policeman whose imprisonment on charges of insulting the monarchy sparked international protests. Interior Minister Prachuab Suntharankun said police major Anant Senakhan, sentenced by a military court in 1983 to six yearsReuter; AFP - 174 words
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270 1987-11-21 10 AFP, Bernama BANGKOK Winners of the Magsaysay Award South-east Asia’s equivalent of the Nobel Prize met here last week for a reunion on the 30th anniversary of the award. Some 90 winners from 20 countries attended the first session of the three-day assembly, opened– AFP,; Bernama - 270 words
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387 1987-11-21 10 Reuter. BANGKOK Thailand’s ruling coalition is under threat of collapse after dissidents sided with the opposition in Parliament to disrupt government legislation this week, Thai and foreign analysts said. They said Prime Minister Prem Tinsulanonda would have to shore up his wobblyReuter. - 387 words
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Article, Illustration236 1987-11-21 10 ABBY TAN - By ABBY TAN Manila Correspondent MANILA Helicopters and fast navy patrol boats will be on standby to whisk away Asean leaders in the event of trouble during the Dec 14 summit. Every Asean head of government will have a helicopter, a patrol boat236 words
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Article, Illustration516 1987-11-21 10 United States. — ABBY TAN - Trip was to gauge Asean neighbours’ feelings, he says United States. ABBY TAN. MANILA Foreign Secretary Raul Manglapus has said it was untrue that he had insisted that Asean make a common declaration on the need for American military bases in the Philippines. He516 words
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192 1987-11-21 10 Albert Ramalingam - By Albert Ramalingam Bangkok Correspondent BANGKOK The Australian government has urged Asean nations to express full support for the retention of the US bases in the Philippines. The call came from the country’s Defence Minister, Mr Kim Beazley, who warned that192 words
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FORUM
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Article300 1987-11-21 11 IT IS clear from your report “Mixed response to Bugis Street plan” (ST, Nov II) that a significant number of members of the public, especially travel agents and hoteliers, either do not appreciate the health risks Involved or are blinded by the promise of more300 words
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302 1987-11-21 11 YOUR reader “L.K.L.” (ST. Nov 10) is obviously not very familiar with the Bugis Street of old. He says people used to visit the spot mainly for the food. He must have been asleep when the place throbbed with life from 2am302 words
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239 1987-11-21 11 IT IS commendable that the Government is looking into ways of encouraging employees to extend the employment of those who are above 55 years of age. On the other hand, the Government should also look into the problems of those employees, eg, pensionable239 words
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299 1987-11-21 11 STIRLING Moss’s comments on Singapore's efforts to stage a Formula I Grand Prix event are both timely and nourishing food for thought (BT, Nov 10). I do not agree, however, with some of his reasons. Singaporeans have organised too many popular major local events299 words
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Page 11 Advertisements
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Advertisement91 1987-11-21 11 Dear Overseas Readers The Straits Times Weekly 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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Advertisement206 1987-11-21 11 min someone overseas about Singapore. The Straits Times @1 lllli f WEEKU OVERSEAS EDITION l l H j J unwonv, sf HMSt* i iy~~ i l *> 77,*«* The Straits Times Overseas Weekly. It’s the weekly newspaper, printed on lightweight paper in convenient tabloid size. It carries business, economic, political206 words
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COMMENT/ Pick of the week’s editorials
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Article615 1987-11-21 12 NOV 17, 1987 CYNICS often say of Singapore that there is a prevalent attitude to every deficiency in the Republic and it runs like this: If we don't have it, let's build one. They would probably say the same of Mindef’s announcement last week that it615 words
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Article642 1987-11-21 12 NOV 19. 1987 AT THE end of the International Herald Tribune conference last week, Professor Kernial Singh Sandhu of the Institute of Southeast Asian Studies offered what he said were words of “solace" to a Soviet scholar in the audience: While the Soviet Union usually loomed642 words
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Article286 1987-11-21 12 NOV 18. 1987 THE Russians identify themselves with their land the British with Queen and country, and the Chinese with the Yellow River. Singapore is, however, still in the process of forging an identity that some day we can call oui own And those who help give that286 words
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Article252 1987-11-21 12 THE recent episode in which scores of people were left waiting in vain for free rides because the lifting of the Area Licensing Scheme enabled drivers of vehicles without passes to go into the Central Business District without having to carry four people is a trait that252 words
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530 1987-11-21 12 TAN SAI SIONG - Look Back In Wonder A personal view of the week’s news By TAN SAI SIONG LIKE Humpty Dumpty, stock markets everywhere have had a great fall. Unlike Humpty Dumpty, however, stock markets do eventually rise from their ashes and have always managed530 words
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Article107 1987-11-21 12 “If people wish to leap Into the unknown and abandon a system of deterrence that has worked very well for some ill-defined and untested alternative, that is a privilege of sovereign nations. But they should not... nurture the illusion that the world will remain unchanged, that all of107 words
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COMMENT/ Perspective
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Article, Illustration883 1987-11-21 13 PETER HAZELHURST - By PETER HAZELHURST Tokyo Correspondent MIDDLE-AGED businessmen on Tokyo’s subway trains can often be seen leafins through lurid comic books filled with stories of violence, sex and monsters In one example, boy meets girl. They fall in love and get married. But the883 words
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Article, Illustration872 1987-11-21 13 ALAN HUBBARD - By ALAN HUBBARD Europe Editor MRS Margaret Thatcher was setting a good example by shopping early for Christmas in her favourite store, Marks and Spencers, last week, when a Spanish tourist asked for her autograph and curtsied. “You don't need to do that872 words
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Article, Illustration1597 1987-11-21 14 ISMAIL KASSIM - They often acted on matters outside their special areas By ISMAIL KASSIM of the Foreign Desk THE recent massive crackdown carried out under the Internal Security Act in Malaysia has brought the public interest groups or lobbies back into the limelight. At— NST picture. - 1,597 words
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Page 13 Miscellaneous
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Miscellaneous24 1987-11-21 13 (p11%'5 Ilk 15 SM 1 r A CM# riHt ms®* ri u Suot T j V SlUMSffl: f P Va y /A 7j i24 words
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TIME$
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783 1987-11-21 15 EDMUND LOH - By EDMUND LOH A GROUP of Singaporeans who apparently lost millions of dollars trading in Hongkong’s Hang Seng stock index futures is banding together to try to avoid settlement. A spokesman said they did not believe they should be liable for their783 words
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Article, Illustration629 1987-11-21 15 ANNE KOH - TDB: 15 other countries have larger surpluses By ANNE KOH THE Trade Development Board on Thursday rebutted the fresh US attack on Singapore and the other Asian newly-industrialis-ing countries for ignoring calls to cut their trade surpluses with the US. "Compared with629 words
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357 1987-11-21 15 LIM ENG HAI - By LIM ENG HAI UNDERWRITERS of marine and engineering services group Van der Horst’s rights issue will have to pick up the bulk of the new shares as the company received acceptances for only 20.5 per cent. The357 words
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Article274 1987-11-21 15 HSUNG BEE HWA - By HSUNG BEE HWA HOTEL Properties has announced it was deferring its 1-for-l rights issue in view of "recent adverse changes in stock market conditions". Its directors said it was frudent and in the interest both the company and shareholders to defer the proposed rights274 words
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167 1987-11-21 15 UNITED Industrial Corporation, which owns 79 per cent of First Capital Corporation following its recent general offer, has appointed three of its representatives to FCC’s board. Two of them, Mr Leong Chee Whye and Mr Peter Chong Hon Kiong, are also167 words
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Article80 1987-11-21 15 AFP HONGKONG Connaught Centre, a landmark on Hongkong island’s Victoria Harbour waterfront, is to be renamed the Jardine House by 1989. The building’s owner, Hongkong Land, said the name change would coincide with the 14-year-old building’s HK$4O million (5510.48 million) year-long renovation programme set toAFP - 80 words
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Article3150 1987-11-21 16 Friday, Nov 21, 1987 1987 Last Yield Vot Day High Low Company Sale Change C000) High Low SECTION ONE INDUSTRIALS ft COMMERCIAL 275 80 Aetna I2I 2 08 14 121 118 96 56 Alcorn 66 308 100 Amal Steal SOt 134 2 29 673,150 words
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320 1987-11-21 16 SHARES closed generally lower in lacklustre trading on the Singapore stock market yesterday, as investors refrained from taking new positions ahead of the US Budget deficit announcement. The lack of interest in the market was evident from turnover, which at 15 million320 words
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Article210 1987-11-21 16 IN KUALA LUMPUR, the stock market saw another day of lethargic trading yesterday as market operators kept to the sidelines in the absence of fresh factors. Prices fluctuated within a narrow margin and finished slightly lower. The New Straits Times Industrial Index fell 8.61 points to210 words
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Article95 1987-11-21 16 HONGKONG shares closed sharply lower yesterday, despite support from local institutions that kept the Hang Seng Index above the psychologically important 2,200 level. The index ended 42.90 points lower at 2,214.70, after sliding below 2,200 in early trading. The value of trade dropped to HK5972.2 mil-95 words
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486 1987-11-21 17 EDMUND LOH - By EDMUND LOH HOLDERS of Faber Merlin's overdue loan stocks will get their money back in May next year if the debt-ridden and cashstrapped company succeeds in re-negotiating a better deal on the sale of its flagship, the Merlin Hotel486 words
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157 1987-11-21 17 TRADING conglomerate Inchcape Bhd has sold its wholly-owned subsidiary Thomas Cowan Co to rival pest control firm Rentokil Singapore for about $2.3 million. The price tag represents a premium of $2 million over the $300,000 net asset value of Thomas Cowan, Inchcape said157 words
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Article393 1987-11-21 17 Ho. 70 HKS ChkOft Assoc Inti Hotels 1 97 0 08 Bonk Of lost Avo 1800 06 Capitol Corp 1 09 009 Cathay Pacrtic Ait b 30 O 1 Cheung Kong Chino light 690 lb 20 •0 2b -3 City Resources 1 44 O0I Class Hotb Tunnel 12 20393 words
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543 1987-11-21 17 HONGKONG The biggest cash call in Hongkong history by Mr Li Ka Shing's Cheung Kong group of companies has ended with a massive headache for the issue underwriters. Acceptances for the HK$lO.2 billion (552.67 billion) staggered issue by shareholders not associated with Mr543 words
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219 1987-11-21 17 THE two groups that control Cold Storage Holdings, Fraser Neave and Wattie Industries, have taken advantage of the depressed stock market to buy $56.1 million worth of shares in the supermarket group. F&N and Wattie, which together made a takeover of219 words
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Article320 1987-11-21 17 Managers' prices for November 21 23 Sinfapore Unit Trust The Commute 0 88 0 9b (he Savings fund 0 77-083 Spore Prog fund 0 36 0 40 S pore Sec fund 0 60 0 64 Spoie Invest fund 0 64 0 69 Spore Equity fund Asia Unit Trust320 words
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Page 18 Advertisements
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Advertisement646 1987-11-21 18 APPOINTMENTS SERVICE GROUP MAJOR OIL dig Chief Accountant Around $70,000 Our client is an international US-based oil service group with operations in most parts of the world. Due to expansion of business in the region, a top calibre Chief Accountant is now being sought. Reporting to the l inance Director,646 words
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Page 19 Advertisements
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Advertisement838 1987-11-21 19 CAREER OPPORTUNITIES IN THE ACCOUNTANCY PROFESSION Touche Ross one of the fastest growing international accounting firms in Singapore have vacancies for experienced professionals at managerial, supervisory and senior levels in our AUDIT DEPARTMENT TAX DEPARTMENT Applicants should be qualified graduates and ideally have been working in similar positions in other838 words
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FOCUS
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2186 1987-11-21 20 3 possible barriers to growth by PM Lee Prime Minister Lee Kuan Yew was the keynote speaker at the International Herald Tribune Centennial Conference in Singapore last week. He spoke on The Asian-Pacific Region: Present trends, Future Consequences, an Asian Perspective to the Year 2000 We reproduce the text of2,186 words
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1202 1987-11-21 21 Question-and-answer session with the Prime Minister After speaking for 20 minutes from a prepared text on The Asia-Pacific region: Present trends; future consequences, the Prime Minister devoted another 40 minutes to answering questions from journalists and other participants of the conference. They1,202 words
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689 1987-11-21 21 THE question for the Prime Minister was this: "Does America, in your opinion, suffer from a lack of leadership and, If no, to what extent does this cause you concern today?’’ Mr Lee’s answer was yes. He689 words
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920 1987-11-21 21 ASEAN leaders of tomorrow will have to grapple with quite a different set of problems than their predecessors, Prime Minister I*e Kuan Yew told the conference last week. For his generation of leaders, the key issues were gaining independence, beating the communist threat920 words
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Article, Illustration1809 1987-11-21 22 ISMAIL KASSIM - The International Herald Tribune Centennial Conference Pacific 2000: Global Challenge MALAYSIAN Education Minister Anwar Ibrahim, regarded by many as being the most likely successor to Datuk Seri Dr Mahathir Mohamad as the country’s next Prime Minister, spoke at the recent International Herald Tribune Centennial Conference1,809 words
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TIMESPORT
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220 1987-11-21 23 THE Singapore Amateur Athletic Association struck a double blow last week: They banned national decathlon record-holder Tang Ngai Kin and all races not organised by the association or their affiliates. They threw the book at Ngai Kim for appearing in at least two220 words
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Article, Illustration690 1987-11-21 23 Godfrey Rotoori - Only medicine and prayers sustain Ali FIRST PERSON Godfrey Rotoori BY JUST remaining silent, boxing’s “The Greatest” landed a knockout blow on a television reporter’s attempts for a 10-minute special and a newspaper journalist’s pre-arranged plans for a 20-minute exclusive. Muhammad Ali just wouldn't speak.!c eyes. — Washington Post picture. - 690 words
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482 1987-11-21 23 MAHMOOD GAZNAVI - Sentosa one of four possible sites being investigated By MAHMOOD GAZNAVI GRAND PRIX motor racing, which screeched to a halt in Singapore in 1973, will be revived. And chances are that the race will be linked to the Asian Grand Prix network482 words
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Article147 1987-11-21 23 THE Singapore Grand Prix was inaugurated in 1963. But, 18 years later, It was forced into a sudden halt. The main reasons for cancelling it were: THE accident rate was high and the approximately flve-km racing circuit in I pper Thomson Road was found147 words
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320 1987-11-21 23 SOCCER in Singapore received a shot in the arm with a club's introduction of a scheme to attract students to lake up football seriously. And the award of scholarships and bursaries by Jurong Town Football Club, one of eight teams in next year's Premier320 words
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199 1987-11-21 23 JOE DORAI - JOE DORAI SINGAPORE soccer striker V. Sundramoorthy will return home today without a trial match with Switzerland First Division club FC Basle. Bad weather again dashed his hopes of showing his mettle to the Swiss officials when Wednesday’s trial game against Solothurn, which was199 words
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Article, Illustration65 1987-11-21 24 GOODWOOD PARK HOTEL, which won the best-decorated building prize for the second year running, complete with Christmas trimmings in theme colours of red, green and white. Standing tall on the lawn is a Christmas tree made from poinsettias, decorated with silver bows, snowflakes and hollies. The Big65 words
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Article182 1987-11-21 24 NST. KUALA LUMPUR Police yesterday released 11 of the 106 people detained under the Internal Security Act since the Oct 27 security swoop to defuse racial tension. Those freed unconditionally included a vice-presi-dent of the Malaysian Chines» 1 Association, Mr Chan Kit Chee; Democratic ActionNST. - 182 words
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Article83 1987-11-21 24 TIIIKTY-THKKK fresh eases of dengue fever and dengue haemorrhagic fever have been reported over the past six days, the (environment Ministry said on Wednesday. This Ls the single largest increase since the beginning of the month and brings the figure so far this month83 words
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408 1987-11-21 24 Winner Howe ends up a loser again THE Chief Assessor has won his appeal against the High Court’s ruling that the 1976 reassessment of the Binjai Walk home of former Health Minister Howe Yoon Chong was unconstitutional. The Chief Assessor had reassessed the annual408 words
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Page 24 Advertisements
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Advertisement6 1987-11-21 24 [Nikon) THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM6 words
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Page 24 Miscellaneous
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Miscellaneous42 1987-11-21 24 SUN TAN T By Collette DohWou ajkYou*. FATHFU’ME MADE A V£*' i hoae vou Mow UP You Will MA«C a SutcXiiFui. ma*AiA6c HOW Do You MAKc A FAmFA HE MADE AV£AY Su((Es:fulmamiaa£ "Vzzr' SUCCESSFUL MAMfAAE: I WOULDN'T Know-* t l® 1L Mk42 words
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