The Straits Times : Weekly Overseas Edition, 19 December 1987
1987-12-19
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The Straits Times : Weekly Overseas Edition
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Title Section20 1987-12-19 1 The Straits Times WEEKLY OVERSEAS EDITION SATURDAY, DECEMBER 19, 1987 Price: 551.20 (in Singapore) Elsewhere by subscription only MCI(P) 222/8/8720 words
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Page 1 Advertisements
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Advertisement142 1987-12-19 1 aiaitooaaca aa?(aaaa ***** n u jo»» m Membership has its privileges. INSIDE HOME NEWS Costly night out for 10 dance hostesses PAGE 2 Independent ACS names two viceheads and bursar PAGE 3 Team MP: What Malay and Muslim leaders say PAGE 4 Dream park for bird lovers PAGE 5 ACROSS142 words
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The Father D’Souza case
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Article, Illustration804 1987-12-19 1 KONG SOOK CHIN; and LOONG SWEE YIN - By KONG SOOK CHIN and LOONG SWEE YIN ROMAN Catholic priest Edgar D’Souza, who has been at the centre of a storm over his relationship with a woman lawyer, has quit the priesthood. Their relationship has been declared “scandalous” by Archbishop Gregory Yong, who only a804 words
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517 1987-12-19 2 THE Ministry of Home Affairs last week released extracts of a letter sent to Roman Catholic Church authorities here in 1984. It was sent by the brother of a woman lawyer involved with Catholic priest Edgar D'Souza, who is now in Australia. Dated517 words
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863 1987-12-19 1 CHEONG YIP SENG - Bilateral atmosphere 'much better Progress in water, gas talks with KL By CHEONG YIP SENG MANILA Prime Minister Lee Kuan Yew has spoken of “reasonable progress” in talks between Singapore and Malaysia on future water and gas supplies to Singapore. Only two months ago, Mr Lee had raised this issue863 words
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Article, Illustration262 1987-12-19 1 JAKARTA President Suharto has said that since he and Singapore Prime Minister Lee Kuan Yew are the most senior leaders In Asean, It has become their joint responsibility to ensure the grouping’s continued success. The Jakarta Poet reported on Thursday262 words
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Article406 1987-12-19 1 The Manila Summit MANILA Asean leaders ended their summit meeting with a joint declaration pledging to maintain their solidarity under all circumstances, especially when faced with pressure and tension of any kind. The leaders also spelt out in the declaration called the Manila Declaration of406 words
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HOME
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156 1987-12-19 2 EXHIBITORS who took part in the Comtec ’B7 computer exhibition earlier this month sold $2.35 million worth of products. The organisers, the Microcomputer Trade Association of Singapore, said the exhibitors also received trade enquiries that could lead to potential sales of $6.8 million. These156 words
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Article381 1987-12-19 2 SUMIKO TAN - By SUMIKO TAN TEN fancily-dressed dance hostesses went out on assignments but instead of being paid by their clients, ended up being robbed at knife-point and drugged by the men. The381 words
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96 1987-12-19 2 AIR CANADA will resume its Singapore flights on Tuesday after three weeks of flight disruption due to a strike by mechanics and ground staff in Canada. During the strike, a total of 12 flights between Singapore, Bombay, London and Toronto were disrupted. Most96 words
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331 1987-12-19 2 THE Singapore Airlines Staff Union (Siasu) plans to meet the airline’s management next month to discuss what should be done if an employee is found to be suffering from Aids. This move follows the death last week of Singapore’s third Aids victim,331 words
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194 1987-12-19 2 THE owners of Oriental Restaurant in Bedok, where more than 100 guests fell ill after a Chinese wedding dinner, are to be taken to court. A spokesman of the Environment Ministry said that investigations found the restaurant’s kitchen "littered with food194 words
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Article, Illustration66 1987-12-19 3 LOOK what was Ashed out of the Singapore River an amazing 12 kg king-sized garoupa! This was certainly no ordinary catch for fitter Wong Fook Yoon (left), 34, and Mr Tang Weng Hoee, 31, who works for a plastic bag manufacturing firm.– Picture by WAN SENG YIP. - 66 words
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Article, Illustration480 1987-12-19 3 VALERIE LEE - By VALERIE LEE A RHODES Scholar, a reservist lieutenant-colonel and the only woman viceprincipal among the independent school teams will form the top echelon of staff at Anglo-Chinese School next year. ACS, the last independent school to publicise its list of top-level staff,480 words
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146 1987-12-19 3 AN EXPATRIATE who pleaded guilty M t Tuesday la three eonntN of corruption and one of cheating wan fined $52,444 and ordered to pay a penalty of $74,111. Donald Macdonald, 4s, a Britan and manager of Royal I UNO ranee (Int) Ltd (Royal)146 words
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Article, Illustration398 1987-12-19 3 LIM Tee Hian, named as the sole beneficiary of two insurance policies amounting to $500,000, was charged in a magistrate’s court last Saturday with abetting his girlfriend's suicide. This is believed to the first case of its kind in Singapore. No plea398 words
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325 1987-12-19 3 TRY to stop someone’s live-in maid from using your condominium’s swimming pool, or any other facilities, and you could find yourself in deep water. This is because the law is silent on whether or not maids are considered occupiers in a condominium and entitled325 words
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Article35 1987-12-19 3 YESTERDAY’S Straits Times was a bumper 121page Issue equivalent to a 244-page tabloid. It was the fourth IM- page-plus Issue In the run-up to Christmas and carried more than 84 pages of advertising.35 words
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Article, Illustration873 1987-12-19 4 Long-term impact on politics and race relations an ‘open question’ Last month, First Deputy Prime Minister Goh Chok Tong introduced two Bills in Parliament to pave the way for Group Representation Constituencies, which will see the election of Members of Parliament in873 words
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Article, Illustration218 1987-12-19 4 THE place Is the same the Aug Mo Klo bos interchange. Bat In the space of three days, daring which the Mass Rapid Transit system was extended to the city, the scene there has changed dramatically, as captured In these two pictures. Last Friday at218 words
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59 1987-12-19 4 A DEEP-SEA diver was charged on Tuesday with criminal intimidation by threatening to injure the reputation of his wife’s lawyer. Bertram Christopher Campos, 52, is alleged to have threatened Mr N. Ganesan on Sept 16 by telling him not to represent his wife in a59 words
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480 1987-12-19 4 THE proposed Team MP legislation before Parliament defines a Malay as “someone who is Malay, Javanese, Boyanese, Bugis, Arab or any other person who is generally accepted as a member of the Malay community by that community”. All 11 Malay community leaders interviewed480 words
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177 1987-12-19 4 A MALAY leader has argued that there is no better alternative to the proposed Team MP concept in ensuring that Singapore continues to enjoy multi-racial representation in Parliament. Political Secretary (Community Development) Zulkifli Mohammed described the proposal spelt out in two Bills now before177 words
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Article, Illustration472 1987-12-19 5 Proposed area probably single richest site for bird watching REVEL in the delights of nature. See doves cooing in coconut groves, beautiful white terns plunging into ponds for fish, and hundreds of birds wheeling and turning in flight. This is the scene a group472 words
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215 1987-12-19 5 THE Singapore River hongbao celebrations to welcome the Year of the Dragon in February will be held from Boat Quay to the steps of City Hall. Its organisers has promised that the activities will be bigger, more exciting and more elaborate than215 words
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173 1987-12-19 5 SINGAPORE’S first satellite dialysis centre will open on Christmas Eve to provide low-cost dialysis treatment for up to 40 kidney patients. The satellite centre at Toa Payoh will also operate under a new concept of taking care of the patient's overall welfare, instead173 words
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332 1987-12-19 5 SINGAPORE’S largest seaside resort, being built for about 200,000 workers and their families in Pasir Ris, will also be open to the public when it is ready next June. But trade union members will have priority in booking, a spokesman for the332 words
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Article127 1987-12-19 5 A SUB CONTRACTOR was jailed for 27 months for helping three men to sell forged Malaysian Airlines tickets for nearly $200,000. Chong Beng Ho, 27, a Malaysian, described as an electrical sub-contractor in Singapore, was found guilty on three charges of cheating Mr Ang Mong127 words
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Article102 1987-12-19 5 THERE wm hardly any change In the cant of living lant month. The Department of Statistics said the consumer price Index (CPI) for November was a negligible •.2 per cent higher than In October. Dearer vegetahieo, fish and rice reunited In a 1.3 per102 words
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239 1987-12-19 5 ANOTHER tourist has been swindled by conmen after being lured into a game of blackjack. In the latest incident, which happened last Sunday, Mr Kashmir Singh Gill, 31, a fitter from Melbourne, said he lost $12,900. This is the fifth case police have239 words
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Article51 1987-12-19 5 ABOUT 780 youths were given a rousing send-off by their .iends and relatives at five community centres on Wednesday as they trooped off to begin their national service. The send-off parties were held at Paya Lebar, Rdin Mas, Gevlang Serai, West Coast and Jalan Besar community51 words
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Of things to come in Singapore...
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Article, Illustration455 1987-12-19 6 PIER ANDREWS - Giant aquarium at Sentosa to be ready in two years By PIER ANDREWS FANCY a stroll through the ocean depths while sharks and colourful schools of tropical fish swim around you? This delightful experience. now exclusive only to sea-divers, will be shared by other Singaporeans when Sentosa's455 words
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259 1987-12-19 6 HOTELS in Singapore look headed for the highest average occupancy rate in three years if the latest figures hold steady until the end of the year. According to the latest issue of the Singapore Hotel Association's publication, Hotelier, the average occupancy259 words
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Article, Illustration564 1987-12-19 7 DOREEN SIOW - Billion-dollar plan to make Singapore an exhibition hub in Asia-Pacific Project being marketed abroad, too By DOREEN SIOW A BILLION-DOLLAR exhibition and convention centre to rival those in New York and Taipei is to be built at Marina Centre. The centre, which564 words
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256 1987-12-19 7 THE premier exhibition and convention centre that Singapore plans will come up against stiff competition from similar ones such as the Bella Centre in Copenhagen and, closer to home, the Taipei World Trade Centre. Here are what five potential rivals have to256 words
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231 1987-12-19 6 AN ISLANDWIDE festival to promote Singapore as a shopping paradise is being planned. The intention is to have two themes: The cosmopolitan nature of shopping in Singapore; and Shop Around the World in Singapore. Some tentative ideas being thrown up include a parade down Orchard231 words
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467 1987-12-19 7 SANDRA DAVIE - By SANDRA DAVIE SINGAPORE hotels fighting for business are discovering a new source of occupants for their rooms Singaporeans. All 500 rooms at Boulevard Hotel have been taken up for the Christmas season, most of them by Singaporeans. Four other hotels in467 words
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Article92 1987-12-19 7 A MAN and an unemployed woman were charged with endangering the personal safety of others. The man, Sim Tien Leng, 30, was accused of throwing stones at three cars and a taxi along Cavenagh Road on Wednesday evening. Damage to two cars and the taxi92 words
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279 1987-12-19 7 A 2*-YEAR-OLD unmarried woman, gripped by labour pains, rushed Into her bathroom, squatted over the toilet bowl and gave birth to a baby which fell Into the water and drowned. Police could not remove the baby boy, who was stuck In279 words
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across the CAUSEWAY
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Article, Illustration408 1987-12-19 8 UPI, AFP. KUALA LUMPUR Social reformist and critic Dr Chandra Muzaffar, who is President of Aliran, was released from detention yesterday with seven others, reducing to 54 the number of people held in custody in a security crackdown. Among those released with DrUPI,; AFP. - 408 words
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111 1987-12-19 8 Bemama. KUALA LUMPUR The National Union of Journalists yesterday appealed for donations for a welfare fund to help its members affected by the recent closure of The Star and its weekend edition The Sunday Star, and Sin Chew Jit Poh. It said in a statement thatBemama. - 111 words
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203 1987-12-19 8 KUALA LUMPUR The inclusion of Chinese language as one of the subjects to be taught in National Secondary Schools beginning next year comes at a time of acute shortage of qualified Chinese language teachers in the country. Deputy Education Minister Woon See203 words
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303 1987-12-19 8 NST. HONGKONG The Hongkong High Court has ordered Bumiputra Malaysia Finance to pay HK$5O million (5512.9 million) in damages and interest to three Hongkong companies for an unauthorised disposal of their shares. In a 29-page judgment on Tuesday, Mr JusticeNST. - 303 words
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258 1987-12-19 8 KUALA LUMPUR NST. SOME government-owned subsidiary companies had to be closed down or sold after incurring heavy losses, according to Deputy Public Enterprises Minister Haji Daud Taha. He told the Dewan Negara (Senate) on Wednesday that many of these companies wereNST. - 258 words
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Article, Illustration348 1987-12-19 8 KUALA LUMPUR The Malaysian Chinese Association will not hold any welcoming ceremony or dinner for its former president, Tan Koon Swan, when he returns to Malaysia after serving his jail sentence in Singapore. A report in Tong Bao, a Chinese-language newspaper controlled348 words
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237 1987-12-19 8 NST. KUALA LUMPUR Depositors of 22 co-operatives now under liquidation are expected to get their second refund of between 10 and 20 per cent next month, sources said. Receivers and financial institutions administering the deposit-taking co-opera-tives (DTCs) will pay out the refunds– NST. - 237 words
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235 1987-12-19 8 Bemama. KUALA LUMPUR Felda, a state agency responsible for the development of land schemes in the country, recorded better performance last year despite the economic downturn, according to its annual report. Raja Tan Sri Mohamad Alias Raja Mohamad Ali, the Federal Land Development Authority chairman,Bemama. - 235 words
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173 1987-12-19 8 KUALA LUMPUR Hie Inland Revenue Department has caught up with a company which owed M 520.3 million In taxes over the last three years, the Malay Mail has reported. The department’s deputy director-gen-eral, Datuk Hassan Ibrahim, told the newspaper that the company173 words
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200 1987-12-19 9 WASHINGTON The World Bank has approved a US$4B.2 million (Ss9B million) loan to help upgrade and expand two Malaysian universities Universiti Sains Malaysia and Universiti Kebangsaan Malaysia. An agreement on the loan was signed here on Monday by the Malaysian Ambassador, Mr Albert Talalla.— Be mama. - 200 words
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252 1987-12-19 9 Prime Minister. Be mama AFP. KUALA LUMPUR A settlement on the Philippines’ claim on Sabah Is no longer an urgent issue, Prime Minister Datnk Seri Dr Mahathir Mohamed said on Wednesday. He told reporters on his return here that It would have beenPrime Minister. Be mama . AFP. - 252 words
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92 1987-12-19 9 Bernama. SUBANG The Kuala Lumpur international airport here will have its own du-ty-free emporium by the end of next year. To be built by the Civil Aviation Department (DCA), it will be run by the private sector, Deputy Transport Minister Datin Paduka Zaleha IsmailBernama. - 92 words
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63 1987-12-19 9 NST, Bernama. KUALA LUMPUR Malaysia has signed an agreement with Britain to buy six used Wasp helicopters costing M 5600,000 each for the Malaysian Navy, Defence Minister Tengku Ahmad Rithauddeen said. He told the Dewan Negara (Senate) on Wednesday that the helicopters wereNST,; Bernama. - 63 words
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Article, Illustration529 1987-12-19 9 Bernama KUALA LUMPUR Prime Minister Datuk Seri Dr Mahathir Mohamad has urged Malaysians to stop raising the status of Bahasa Malaysia and languages of other ethnic races as a political issue. “After 30 years of independence, we should no longer be questioningBernama - 529 words
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Article, Illustration291 1987-12-19 9 within two weeks. Bernama. SABAH Chief Minister Datuk Joseph Pairin Kitingan has made a police report against several people and the Sabah Times in connection with allegations against him carried in the newspaper recently. In his report lodged at the Karamunsing police stationwithin two weeks. Bernama. - 291 words
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185 1987-12-19 9 NST. PENANG Unemployed graduates should shed their traditional view of the armed forces and join up. State MCA Youth leader Dr Tan Chong Keng said besides having an interesting career, the graduates would have the opportunity to serve the nation. "There are many opportunitiesNST. - 185 words
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Article213 1987-12-19 9 R. VASANTHI - By R. VASANTHI KUALA LUMPUR Any Tamil movie found to be full of gore and sex will be banned. The authorities are now closely monitoring the movies that enter the country from South India. The National Censorship Board recently confiscated several movies it considered213 words
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310 1987-12-19 9 Bemama. JITRA (Kedah) Prime Minister Datuk Seri Dr Mahathir Mohamad said Muslims must realise that in a country with a multiracial and multi-religious population, Islamic administration could not be implemented in a hasty manner. “We must not create a situation of forcingBemama. - 310 words
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ASEAN/ The Manila Summit
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Article, Illustration351 1987-12-19 10 MANILA If the security services of the Asean countries had their way, there would not have been an Asean Summit in Manila, Prime Minister Lee Kuan Yew revealed. Their professional caution was overruled by their heads of government, he told the opening session351 words
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1088 1987-12-19 10 By our Summit Reporters MANILA The six Asean states on Monday approved a package of economic measures to stimulate trade and investment in the region, a move Prime Minister Kuan Yew hailed as “a significant step forward in economic cooperation.” The new1,088 words
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387 1987-12-19 10 MANILA Japan announced on Tuesday that it will offer yen loans at 3 per cent interest to finance joint Asean investments under its new US$2-billion (Ss4-billion) Asean-Japan Development Fund. Announcing this as part of a ‘‘new partnership” with Asean, Prime Minister Noboru387 words
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Article, Illustration356 1987-12-19 10 THE main points of the Manila Declaration: REGIONAL cohesion is vital for security, stability and growth and Asean should pursue this goal, especially if “pressure and tensions of any kind” challenged Asean. INTRA-ASEAN disputes should be settled in accordance with Asean’s Bali Treaty on Amity and Co-operation356 words
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ASEAN
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The third Asean Summit
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Article, Illustration489 1987-12-19 11 Stories by our Summit Reporters MANILA Asean’s private sector can look forward to an improved business climate in the region following the signing on Tuesday of four trade and investment agreements. The agreements, signed by Asean economic ministers prior to the489 words
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413 1987-12-19 11 PRESIDENT Suharto personally poshed Indonesia's case for a nuclear-free and nentral Southeast Asia but called for caution In any attempt to speed up Asean economic co-operation. Issuing Indonesia’s statement at the opening of the Asean summit, President Suharto said the need for a413 words
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346 1987-12-19 11 TAN TECK HUAT - The National Bank of Brunei fraud case By TAN TECK HUAT ANOTHER accused in the billion-dollar National Bank of Brunei fraud case has pleaded guilty barely a month after former bank chairman Khoo Ban Hock did the same. Robert Teo, former senior346 words
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185 1987-12-19 11 AFP. JAKARTA The Indonesian government extended a controversial football lottery for one year but promised tighter supervision over sales. Social Affairs Minister Nani Sudharsono said. The licence of the lottery, which is to be renamed SOB, would be extended for another year when it– AFP. - 185 words
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Article, Illustration91 1987-12-19 11 BRUNEI Prince Pengiran Muda Haji Sufri and his bride, Malaysian pop singer Mazuin Hamzah, performing the membatal air sembahyang, a traditional ceremony that follows the akad nikah, or solemnisation, in their bridal chamber last week. The solemnisation, held at the Istana Darul Hana in BandarMinister. NST picture. - 91 words
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COMMENT/ Pick of the week’s editorials
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Article645 1987-12-19 12 DEC 18, 1987 BEFORE the Asean summit in Manila, a frequent criticism of the grouping was that it was running out of steam. Economic co-oper-ation was not making much headway. Political cooperation stimulated by the Cambodian conflict appeared to be tripping over the same issue recently. That645 words
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Article294 1987-12-19 12 DEC 17, 1987 TELECOMS’ proposed revision of charges is to achieve two aims to enhance Singapore’s competitiveness as a total business centre and to ensure that the price of any service reflects its true cost. Both goals are laudable, and one can only hope that other businesses as294 words
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Article260 1987-12-19 12 CHAUVHMISM or narrow nationalism has never helped in the advancement of world understanding and peace. The way it continues to dominate politics is proof of how pathetically slow nations are in catching up with the forces of modem technology and economic life that are causing the world to260 words
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Article614 1987-12-19 12 DEC 16, 1987 SINCE Chong Boon MP Chandra Das suggested 3V4 months ago that auditors of pub-licly-listed companies be rotated every five years, there has been much debate on the pros and cons of the idea among people concerned with the issue. One of the614 words
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673 1987-12-19 12 HERE COMES THE TRAIN DID YOU know that the first railway here was owned and operated by the Singapore Government? Called the Singapore Railway and administered under law by that name, its steam locomotive train services were confined to the route between Woodlands673 words
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Article106 1987-12-19 12 “That Asean has a future is not In doubt. The question Is what kind of future?” Prime Minister Lee Kuan Yew in his speech at the opening session of the Third Asean Summit in Manila “If I were to be asked what we achieved in the last two106 words
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COMMENT/ Perspective
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Article, Illustration852 1987-12-19 13 TAN TECK HUAT - By TAN TECK HUAT in The Sunday Times A RECENT salary survey by a consultancy firm revealed that more Singapore companies are switching to a five-day work week. These are mainly firms which provide support services because it is easier for themin The Sunday Times - 852 words
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661 1987-12-19 13 MURRAY SEEGER - By MURRAY SEEGER of the Economics Desk EVERYTIME I read a new survey in which subjective conclusions are drawn on the basis of statistics, I ask what it has to do with real life. The advent of computers crunching numbers has simply encouraged661 words
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405 1987-12-19 13 TAN SAI SIONG - Look Back In Wonder A personal view of the week's news By TAN SAI SIONG AS A Singaporean, one could have got very offended by the Economist Intelligence Unit’s survey this week which placed this country among the lousiest to be bom in. But405 words
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Article, Illustration833 1987-12-19 14 SOH LAI YEET has lived in Britain for some years. Employed by the Sheffield City Council the writer has, under the British 1981 Immigration Act, to decide by Dec 31 whether to hold on to a Singapore passport or to swap it833 words
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1329 1987-12-19 14 LIAK TENG KIAT - By LIAK TENG KIAT writing in The Sunday Times I WAS at a party recently in Sydney. But for the fact that it was held in a garage and that the temperature was around 20 degrees C, it could easily1,329 words
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Article, Illustration1653 1987-12-19 15 RUSSELL HENG - Editor tells of problems with pro-China firms What if North Korea expects a more friendly HK press after the takeover? Hongkong: Countdown to 1997 By RUSSELL HENG HONGKONG is said to have a free press second only to that of Japan in Asia. All the1,653 words
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Page 13 Miscellaneous
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Miscellaneous8 1987-12-19 13 pll%'s hi ns\\ fw C* rt> V hfOlt *>8 words
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TIME$
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Article3138 1987-12-19 16 Friday, Dec 18,1987 1987 Last Yield Vol Day High Low Company Sale Change 000) High Low SECTION ONE INDUSTRIALS COMMERCIAL 275 80 Acma I09 2 09 68 109 107 96 56 Alcom 66 308 96 Amal Steal 50« 115 3 3 4 268 1153,138 words
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333 1987-12-19 16 THE Singapore stock market demonstrated its resilience yesterday, recovering quickly from a weak opening to end the day slightly firmer despite overnight falls on Wall Street. Although trading activity fell to 18.93 million units worth $32.14 million from Thursday’s 27.69 million333 words
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Article66 1987-12-19 16 KUALA LUMPUR share prices forged ahead for the fifth consecutive session yesterday as investors pushed prices sharply higher in the afternoon. The New Straits Times Industrial Index closed at 1,262.76, up 12.04 points. The scoreboard showed advances leading declines 123 to 44. Turnover was 15.20566 words
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Article111 1987-12-19 16 HONGKONG shares closed higher yesterday on bar-gain-hunting by local institutions and small investors. The Hang Seng Index rose 38.23 points to 2,180.46 and the broader Hongkong Index gained 25.11 points to 1,425.36. Brokers said there was moderate demand for blue chips, particularly utilities. “It’s all local111 words
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Article55 1987-12-19 16 TOKYO share prices eased yesterday in listless trade but closed above earlier lows as some fresh incentives emerged. The Nikkei Stock Average lost 72.86 yen, or 0.32 per cent, to 22,826.97. Earlier it fell to 22,739.40. Declines led advances two to one with volume at 550 million55 words
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546 1987-12-19 17 ALAN LEE - But directors voice caution on growth in the year ahead By ALAN LEE Companies Editor, Business Times SOFT-DRINK giant Fraser A Neave Ltd and its new subsidiary, Malayan Breweries Ltd, have posted bubbly results for their latest financial year. For the 12 months endedBusiness Times - 546 words
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Article375 1987-12-19 17 Ok 11 HRS Cluntt Assoc Inti Notch 1 90 002 Bor* Of East A wo 17 30 0 4 Coptfol Corp 0 73 ■001 Cathay Pociftr Ak 550 0 1 Cheung Kong CNno Light 630 1660 0 1 04 City Resources 1 09 0 02 Cross Hart) Tunnel 13375 words
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177 1987-12-19 17 KUALA LUMPUR Prices of crude palm oil futures surged past the MSI,000 a tonne mark on the Kuala Lumpur Commodity Exchange on Thursday a strong indication of a rising market for the once golden crop and a major triumph for the seven-year-old KLCE. Thefetched M 53.000. Bernama. - 177 words
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Article206 1987-12-19 17 Interbank Over the counter Foreign currency local dolors to one wit of foreign cirrency Foreign currency to SS10 Australian dollar Canadian dollar NZ dollar Sterling pound US dollar 1.4290 1.4317 1 5308-1 5327 1 2930-1 2956 *****-3 6768 2 0000—2 0010 7.09—689 661-649 786-7 61 2 75-2.70 5206 words
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226 1987-12-19 17 ONE of the world’s largest insurance companies has helped husband and wife team Dr Henry and Jannie Tay to buy back The Hour Glass, the watch company they founded, from local fashion retailers Transmarco. The Prudential Insurance Company of America, through Prudential226 words
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Article271 1987-12-19 17 Managers' prices lor December 19 A 21 Sinfapore Unit Trust The Commerce 0 85—09I The Savings Fund 0 74—0 79 S pore Prog Fund 0 34—0 3« Spore Sec Fund 0 S7—0 61 S pore Invest Fund 061-0 66 S pore Equity Fund Asia Unit Trust 0 40271 words
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507 1987-12-19 18 Stock mart crash has not stopped plans: Dr Hu THE recent stock market crash has not stopped the Government’s privatisation plans. Finance Minister Dr Richard Hu has said. "Preparatory work is continuing, although the timing of the privatisation may have to be adjusted to507 words
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124 1987-12-19 18 Renter. HONGKONG Govern-ment-appointed liquidators for Carrian Holdings Ltd have (lied suit against accountants Price Waterhouse, alleging breach of contract and negligence related to their role as Carrian's auditors. The Carrian liquidators are seeking unspecified damages and interest, according to court documents. Hongkong-based Carrian, whichRenter. - 124 words
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Article41 1987-12-19 18 INTERNATIONAL Discount Company Ltd, whose government bond trading operations were absorbed by Oversea-Chinese Banking Corporation, is to be wound up. OCBC said the declaration of solvency had been filed and IDC would be voluntarily wound up.41 words
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418 1987-12-19 18 LIM ENG HAI - By LIM ENG HAI THE sons of the late founder-chairman of Industrial and Commercial Bank, Mr Tan Kim Cheong, have decided to wind up Tai Sing Realty Co the family’s main investment vehicle which once owned the biggest stake418 words
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Article, Illustration428 1987-12-19 18 CONRAD RAJ - Loo takes full blame for company’s deals with his family firm By CONRAD RAJ THE managing director of Haw Par Brothers International Ltd, Mr Loo Slew Poh, has resigned after acknowledging foil responsibility for breaches of the Companies Act. Haw Par said the breaches Involved the428 words
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309 1987-12-19 18 TIN mining conglomerate Malaysia Mining Corporation's plan to sell its entire 30 per cent stake in Tronoh Mines Malaysia Bhd to Mercator Sdn Bhd for M 342.65 million cash has fallen through. The deal was called off with the expiry309 words
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Article268 1987-12-19 18 Reuter. KUALA LUMPUR Despite the current rise in commodity prices and a large number of unemployed people, the Malaysian plantation sector still faces a serious labour shortage. According to the United Planters Association of Malaysia, to which most of the country's major rubber and palm oil— Reuter. - 268 words
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255 1987-12-19 18 KUALA LUMPUR Diversified Raleigh Bhd has announced that Mr Patrick Low Han Hing, the Executive Director of Arab-Malay-sian Merchant Bank, will be its new chief executive from next April. Raleigh said Mr Low. a chartered accountant with extensive business and banking experience, was well255 words
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FORUM
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On ‘boring’ Singapore
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417 1987-12-19 19 I AM sorry you gave prominence to the article by Alan Hubbard on the Economist’s survey which found Singapore a “boring” place (ST, Dec 9). Perhaps the reason for its inclusion is that the chief of Singapore’s few faults is an excessive degree of self-criti-cism.417 words
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257 1987-12-19 19 IT WAS with some interest that I read the article which reported The Economist Intelligence Unit ranking Singapore as one of the most boring countries in the world (ST, Dec 9). I guess I’ve been too busy working, running, scuba diving257 words
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182 1987-12-19 19 I WOULD like to enquire as to why the Singapore Cricket Club is still maintaining a "men only" bar, which was established in the colonial days. We are now approaching the 21st century and I am surprised that such a bar still exists. Where182 words
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Page 19 Advertisements
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Advertisement340 1987-12-19 19 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 be typed, doublespaced, on one side of the paper. You may add a pseudonym if you wish, but we would prefer your using your340 words
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Page 20 Advertisements
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Advertisement618 1987-12-19 20 APPOINTMENTS/NOTICES APPOINTMENTS Sales Manager Around $45,000 plus car Our client is an established large international company engaged in the manufacture, distribution and marketing of a w ide range of fast-moving consumer products, mainly in the health and personal care sectors. A highly dynamic and resultoriented Sales Manager is sought to618 words
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Page 21 Advertisements
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Advertisement798 1987-12-19 21 APPOINTMENTS INSTITUTE OF SYSTEMS SCIENCE Jr*/ NATIONAL UNIVERSITY OF SINGAPORE A Career in Technology Transfer ISS is a center for advanced computer education and applied research, and a key player in the development of Singapore as a regional softwar e center. We are recruiting computer professionals with experience to teach798 words
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Page 22 Advertisements
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Advertisement989 1987-12-19 22 APPOINTMENTS AT&T Microelectronics Pte Ltd ATaCT Microelectronics Pte Ltd, the advanced 1C manufacturing facility of the US telecommunications giant, American Telephone at Telegraph (ATatT), invites suitably qualified professionals to fill the following positions: EQUIPMENT ENGINEER (Front-end) Equipment upgrade to improve machine performance and reliability Improve downtime through equipment modifications Set989 words
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TIMESPORT
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Article, Illustration352 1987-12-19 23 JOE DORAI - By JOE DORAI SINGAPORE striker V. Sundramoorthy’s plan to turn professional with Swiss First Division soccer club FC Basle has taken a new turn. The talented goal-poacher is to be employed as a hotel management trainee with Ganesh Trading, managed by his sponsor352 words
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Article342 1987-12-19 23 A$300,000 – TAY CHENG KHOON - GOLF A$300,000 TAY CHENG KHOON TANAH MERAH Country Club will be giving the Asian golf circuit a $450,000 boost next year. That is the purse offered for the next Singapore Open which moves from the Singapore Island Country Gub to TMCC for the first time in342 words
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Article, Illustration485 1987-12-19 23 MAHMOOD GAZNAVI - International midfielder Bostrom first from Europe to sign up to play in Premier League By MAHMOOD GAZNAVI FINLAND national player Sixten Bostrom is the first European player to sign up for the semi-professional Premier League soccer tournament starting on Jan 2. Geylang International– Picture by JERRY SEH. - 485 words
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356 1987-12-19 23 MAHMOOD GAZHAVI - MAHMOOD GAZHAVI TOP-CLASS overseas soccer players now have a better chance of playing in the Singapore league thanks to a new ruling passed by the Football Association of Singapore. The FAS have done away with the rule which made it compulsory for356 words
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Article, Illustration374 1987-12-19 23 JANICE SEAH - SWIMMING JANICE SEAH SWIMMER Ang Peng Siong, who left this week to compete in the United States Open, said he will need at least four international meets to feel adequately prepared for the Olympics next year. At the moment, the Singapore Amateur Swimming Association have374 words
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Article, Illustration843 1987-12-19 24 By our Summit Reporters MANILA Asean on Tuesday pressed Japanese Prime Minister Noboru Takeshita for better terms of trade during talks following the conclusion of its third summit. Asean expectations of Japan were spelt out when Mr Takeshita met leaders of the six843 words
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Article56 1987-12-19 24 THE American dollar on Wednesday closed below the Sychologlcal Ss2 level for the first time In history at l.Mtt, after being traded actively between SSI.MSI and Ss2.M4f. It closed even lower at 551.987 l on Thursday. Dealers said there had been Intervention by the MoneI tary56 words
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Page 24 Advertisements
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Advertisement6 1987-12-19 24 Nikon THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM6 words
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Page 24 Miscellaneous
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Miscellaneous37 1987-12-19 24 SUN TAN By Collette THIS CAK£ LOOKS YmmMy CAN i HA/£ A TASTT On A.l AiShT, fOU CAN hAyf’ ONE Pi£C£ OK,CK NtAfiD V REM M6EK SA'D JUST h£C£ l NT< thanks IP ■4 KJ 0 o37 words
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