The Straits Times : Weekly Overseas Edition, 24 September 1988
1988-09-24
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The Straits Times : Weekly Overseas Edition
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Title Section20 1988-09-24 1 The Straits Times WEEKLY OVERSEAS EDITION SATURDAY, SEPTEMBER 24, 1988 Price: 551.20 (in Singapore) Elsewhere by subscription only MCI(P) 42/8/8820 words
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Article, Illustration518 1988-09-24 1 KONG SOOK CHIN - We have a role to play, says Kan Seng By KONG SOOK CHIN SINGAPORE wants a seat on the committee which helps decide how the United Nations spends its money. It will make a formal bid during the current sitting of the 43rd518 words
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Article, Illustration162 1988-09-24 1 A (i tNIi which produced obscene and uncensored video tapes and circulated them islandwide was dealt a blow when private investigators and police raided a house near Seletar yesterday. In the raid conducted at 1 pm, investigators and police from Ang Mo Kio police station recovered 34162 words
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Article53 1988-09-24 1 SINtiAPOKK’S Ark Peng Sionj? finished third with a time of 23.98 see in his Olympic 50m free-style heat today, and failed to qualify for the 'lnals. Oon Jin (ice won his heat but returned an even slower time of 24.86 see. He also failed to qualify53 words
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Article, Illustration664 1988-09-24 1 SALIM OSMAN - Umno dissidents quit party By SALIM OSMAN Kuala Lumpur THIRTEEN Umno dissidents. led by former Trade and Industry Minister Tengku Razaleigh Hamzah, which will be sitting in the Opposition benches when the Dewan Rakyat (Parliament) begins its Budget session on Oct 10. This664 words
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536 1988-09-24 1 K.F. TANG - By K.F. TANG SINGAPORE women stand well when it comes to equality with men, according to an American research body. This is apparent from a report by the Washingtonbased Population Crisis Committee, which did an international study on how well women do against536 words
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Page 1 Advertisements
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Advertisement14 1988-09-24 1 PM Lee and the American media EXPORTING DEMOCRACY THE WRONG WAY: See Page 1114 words
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Advertisement77 1988-09-24 1 i qexpqobq 31b? «UOOl jo«* Membership has its privileges' INSIDE HOME NEWS POLLS 88 Regional press shows where its sympathies lie PAGE 14 Prime Minister Lee in China PAGES 2 and 24 Most Chinese S'poreans still follow tradition PAGE 4 Peter Tham gets two more years in prison PAGE 677 words
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FOCUS
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Prime Minister’s visit to China
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Article, Illustration1100 1988-09-24 2 LIAK TENG KIAT - ‘I don’t make wishes’ By LIAK TENG KIAT reporting from CHENGDU ST HAS taken Singapore's Old Guard leaders 12 years to bring SingaporeChina relations to their present level of understanding and ease, and it would be “stupid” of1,100 words
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Article, Illustration117 1988-09-24 2 PRIME MINISTER lx*c and China's President Yang Shangkun at their meeting in Beijing last week, during which China's President recalled the first time he met Mr Ix»e. It was in Manila in 1981, when Mr Yang was China’s special envoy to President Ferdinand Marcos’ inauguration.Yang at 81, then he would be very relieved. — Pieture by MICHAKL 1.1 PW. - 117 words
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300 1988-09-24 2 dynasty. – LIAK TENG KIAT - dynasty. LIAK TENG KIAT. CHENGDU Zhuge Liang (also known as Kongm ing), one of the most revered figures in Chinese history, has an ancient temple here dedicated to him. A statesman in the kingdom of Shu Han (AD 221-263) during the period of300 words
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HOME
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PAP’S POLLS VICTORY
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Article, Illustration285 1988-09-24 3 PRIME MINISTER Lot' Kunn Yew continues to receive congratulations from world leaders for the PAP's resounding victory in the Sept 3 General Election. Some of the messages are published below. PRESIDENT Ronald Reagan has sent a message to Prime Minister I*ee285 words
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213 1988-09-24 3 UNITED States Secretary of State George Shultz in his message of congratulations to the Prime Minister, said that when he left Washington for his vacation in August, he was aware that Mi Lee might call elections before the end of213 words
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192 1988-09-24 3 MALAYSIAN Prime Minister Datuk Seri Dr Mahathir Mohamad and his Cabinet in their message of congratulations to Prime Minister Lee Kuan Yew, said the PAP victory augured well for continued good relations between Malaysia and Singapore. Calling the PAP win a “magnificent192 words
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204 1988-09-24 3 Endorsement of your policies Mulroney OTHER messages of congratulations the Prime Minister received from world leaders included: FROM PRIME MINISTER BRIAN MULRONEY OK CANADA, who described the PAP’s “remarkable election victory" as "evidence of the people's confidence in you, and your colleagues, and constitutes a strong endorsement of the progressive204 words
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Article, Illustration794 1988-09-24 3 FEEDBACK chief Tan Cheng Book, the MP for Ayer Rajah, said this week that he would urge the First Deputy Prime Minister not to withdraw government support for Mendaki 11. He said Mr Goh was upset when he794 words
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405 1988-09-24 3 AHMAD OSMAN - By AHMAD OSMAN SINGAPORE'S lfl Malay Members of Parliament are determined to get the Mendaki II project successfully off the ground by early next year and, with that, send a clear signal to the Government that the majority of Malays support the People’s405 words
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Article, Illustration653 1988-09-24 4 But young and Englisheducated are shifting away from traditional practices MOST Chinese Singaporeans still celebrate major Chinese festivals and i>erform the traditional rituals that accompany joyful ami sorrowful events, but attitudes are changing. A survey by the Singapore Federation of Chinese ClanSou'oo Singapo» Fneeraion ol Chmoso Clan Association* - 653 words
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Article78 1988-09-24 4 BRITAIN replaced the United States as the source of the third largest group of visitors to Singapore for the first six months of this year. It now ranks behind Japan and Australia in the Singapore Tourist Promotion Board’s “league table’’ of foreign visitors to the island.78 words
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350 1988-09-24 4 LAUNDRY workers, especially those working in hospitals and hotels, are taking special measures to protect themselves from Aids despite official assurances that they are in no danger of contracting the fatal disease. "These people are overreacting,” a Health Ministry spokeswoman said while commenting350 words
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193 1988-09-24 4 SOME Singaporeans are watching Saturday Night Live, Top of the Pops and The Thornbirds on their small screens through overseas video recordings of these TV programmes. They may not realise they are breaking the lawunless the tapes have been cleared by the193 words
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Article, Illustration439 1988-09-24 4 SHAUN SEOW - By SHAUN SEOW THERE is going to be another election in Potong Pasir soon. This time, residents will vote for their town councillors. Member of Parliament Chiam See Tong, the only Opposition candidate to win in the general election, wants to have439 words
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119 1988-09-24 4 LAWYER Francis Scow and Or Lee Slew Choh of the Workers’ Party were declared non-constituency Members of Parliament In a government gazette on last Friday. With their team-mate, contractor and part-time comedian Mohamed Khalit Baboo, they performed best among the losing opposition candidates119 words
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Article, Illustration551 1988-09-24 5 A ‘teach-you-a-lesson’ action that backfired HONG Leong Holdings, said by a High Court judge to have taken court action against a smaller developer “to teach it a lesson,” was ordered to pay damages totalling $2.59 million. Mr Justice F.A. Chua held that551 words
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225 1988-09-24 5 A HIGH-LEVEL Education Ministry team led by Dr Tony Tan leaves for Britain today to visit four universities in connection with the Government's plan to expand university education here. The six-member group will visit London University, Loughborough University of225 words
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Article, Illustration130 1988-09-24 5 IT WAS the Rig Four for the Number 3 beauty contestant, Miss Teo Ser Lee. The 22-year-old auditor and part-time SBC actress was crowned Miss Singapore World Queen at the Neptune Theatre Restaurant last week. Miss Teo, who also walked away with130 words
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130 1988-09-24 5 CONSUMER prices rose 1.5 per cent in August compared to the same month last year. This is the sixth consecutive month of annual price increases of between one and two per cent since February. However, compared to July’s consumer price index (CPI) of 104.8130 words
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Article155 1988-09-24 5 LAWYER and politician Francis Seow, 59. charged with failing to pay contributions to the Central Provident Fund Board for employees in his legal firm, was granted a discharge amounting to an acquittal on Tuesday after his lawyer told the court that he had made155 words
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Article, Illustration502 1988-09-24 5 Insider trading trial BUSINESSMAN Allan Ng was not happy when he was told that Sealion Hotels, which he was interested in acquiring, had asked the Stock Exchange to relist its suspended shares, a district court heard this week. Mr Ng502 words
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Article82 1988-09-24 5 AN AMERICAN diver who returned home to find a farewell note from his girlfriend lost his temper and flung a briefcase from his fith-storey flat. In a subordinate court last week Kevin Reid Qualde, 31, admitted that what he had done was a82 words
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Article, Illustration522 1988-09-24 6 CHARMAINE CHAN - By CHARMAINE CHAN ANOTHKR two years in jail awaits the former director of Pan-Electric In dustnes. Peter Tham Wing Kai. who is currently serving an eight-year prison term. District Judge F. G. Remedies last Saturday imposed the additional sentence on Tham. 39, after522 words
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Article, Illustration305 1988-09-24 6 MOST Singapore companies have adopted the prof-it-sharing approach to wage reform, said the Singapore National Employers Federation (SNEF). Its executive director, Mr Lawrence Mah, said profitsharing was especially popular with locally-owned firms as it was "more visible" and "easier to soU" to workers. “If305 words
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Article146 1988-09-24 6 AN elderly woman drowned herself by submerging her head in a washing machine. The coroner's court heard that on the morning of July 16, Low Pek Liat, 81, was last seen alive sleeping in the kitchen of her Bedok North Street 3 flat by an occupant, Mr146 words
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Article, Illustration371 1988-09-24 6 MICHAEL LIM - Selected pupils put on special PE programmes By MICHAEL LIM THE Battle of the Bulge is being fought in earnest by a troop of overweight boys and girls in six primary schools. This new front in the war against obesity in school children was opened371 words
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221 1988-09-24 6 tonished.” – GILLIAN POW CHONG - tonished.” GILLIAN POW CHONG. SINGAPORE'S first set uf “test-tube" quadruplets are on their way. They are 11* 2 weeks old and are due to be born to a couple from Johor on April 14 next year. But for the moment, the overjoyed couple221 words
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509 1988-09-24 7 RAV DHALIWAL - By RAV DHALIWAL THE Government is looking into stiffer penalties for trading in fake goods and studying whether existing laws to deal with touts are adequate. The I .aw Ministry is reviewing the Trade Marks Act to act against the traders,509 words
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264 1988-09-24 7 HOSPITALS are giving the boot to people, including “coffin touts”, who offer their services to the families of critically ill patients. The case of “coffin touts” who sell their services to griefing relatives was highlighted in The Straits Times last week. Some264 words
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Article, Illustration562 1988-09-24 7 NG WEI JOO - Schools can use it to advantage, says don By NG WEI JOO CAN use Singlish in school, l;ih. Even varsity lectum say can. And it is true. Dr Anne Pakir, a sociolinguist from the National University of Singapore, makes it clear that she op|>oses the use562 words
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Article257 1988-09-24 7 SINGAPORE Airlines has yet again achieved distinction among the world’s best airlines, while Changi airport was named the world’s best. In a survey conducted by Holland's Business Travel Nieuws magazine and the Holland International Travel Agents Organisation in June and July this year, SIA257 words
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284 1988-09-24 7 FORW ARD-PLANNING has its risks; the planner may change his mind. This happened with a man who hooked a niche in a columbarium to store his ashes after his death, then decided to sell it for $2.000, only to find that the284 words
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Article35 1988-09-24 7 BURGLARS broke into 10 terrace houses in the middle--class housing estate of Pasir Ris on Monday night setting a “new record," said a resident. Only «ash was stolen, the largest amount being $2OO.35 words
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Article, Illustration625 1988-09-24 8 SHARON LAU - By SHARON LAU SINGAPOREANS who take up overseas postings will not necessarily end up paying more tax here, the Inland Revenue Department (IRD) said this week An IRD spokesman refut ed a Straits Times reader's claim of “unfavourable taxation consequences’’ for625 words
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221 1988-09-24 8 A CASE of assault inside a disco on the National University of Singapore campus was settled in a magistrate’s chambers Thursday. It was learnt that three men, who allegedly attacked three women and a man in the Last Degree Discotheque in Guild House221 words
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260 1988-09-24 8 Bukit Batok blast A SECRET is being kept from little Indrani Alagursamy to keep her morale up. The five-year-old girl is the sole survivor of the recent Bukit Batok explosion but relatives continue to assure her that her parents and two260 words
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Article217 1988-09-24 8 SPECIALLY-TAILORED travel packages to China for Muslims and China-made satay are two possible business ventures arising from the Singapore Malay Chamber of Commerce’s first trade mission to China recently. Mr Jalil Haron, the chamber’s president, said this week a Malay travel agency here is interested in217 words
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Page 8 Advertisements
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Advertisement211 1988-09-24 8 Now, keeping in touch with what’s happening in Singapore couldn't be easier. Or more economical. Because all the major news of every week is condensed into one paper. The Straits Times Weekly Overseas Edition. Printed on lightweight paper in convenient tabloid size, it fills you in on the latest in211 words
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across the CAUSEWAY
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357 1988-09-24 9 State offers cheap land, pioneer status benefits KUALA TRANGGANU NST. THE Trengganu Government will offer “an attractive investment package" to encourage Singaporeans to take part in the industrial development of the state. The chairman of the State Industrial Development, Petroleum and Tourism Committee, Mr Mamat GhazaleeNST. - 357 words
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193 1988-09-24 9 KUALA LUMPUR The Malaysian government will not introduce national service in the country because it is not con-, vinced that it would benefit Malaysia in the long run. Prime Minister Datuk Seri Dr Mahathir Mohamad said that the government felt that the193 words
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Article, Illustration326 1988-09-24 9 AFP, Beraama. BEIJING China has warned Malaysia against sending officials to Taiwan, indicating that such trips will put a strain on bilateral relations. At a recent press briefings a Xinhua news agency reporter asked Foreign Ministry spokesman Jin Guihua to comment onAFP,; Beraama. - 326 words
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190 1988-09-24 9 NST. PENANG Even those in jail cannot escape the taxman. The Inland Revenue Department (IRD) has sent assessment forms to those convicted in the deposit-taking cooperatives (DTCs) scandal. IRD Deputy Director-Gen-eral Datuk Hassan Ibrahim said that more formsNST. - 190 words
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Article, Illustration186 1988-09-24 9 NST, Beraama KUALA LUMPUR Pe-nang-based jockey R. Rajoo, 40, (above) was detained again under the Internal Security Act (ISA), the second time this year. It is believed he is being held under the Dangerous Drugs Act (Special Preventive Measures). Police picked him upNST,; Beraama - 186 words
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Article131 1988-09-24 9 Bemama TAIPING Nine people detained under the Internal Security Act, including three Parti Islam (Pas) members, have been released from the Kamunting detention camp here. A spokesman for the camp said the Pas members were Bunlyamln Yaakob (Kelantan Pas information chief), Mahfuz Omar (former Penang PasBemama - 131 words
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277 1988-09-24 9 KL’s Telethon hoaxers KUALA LUMPUR Seven out of every II calls during the 24-hour Telethon organised for the Sport-Aid rharity programme last week were made by hoaxers, the Sunday Mail reported. Miss Anita Omar, who headed the 24-hour Telethon operations277 words
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Article, Illustration272 1988-09-24 9 Bemama KUALA LUMPUR Syed Kechik Syed Mohamed, Wong Kee Tat and three others have been ordered by the Kuala Lumpur High Court to pay US$4O million to Bumiputra Malaysia Finance Ltd (BMF), a finance company incorporated in Hongkong which had sued themBemama - 272 words
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Article60 1988-09-24 9 Bemama. PENANG The royal commission of inquiry set up to determine the cause of the Butterworth jetty tragedy will begin its hearing next week. Thirty-two people died and more than 800 were injured when the passenger terminal in Butterworth collapsed on July 31. The three-man commission wasBemama. - 60 words
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across the CAUSEWAY/ ASEAN
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392 1988-09-24 10 'What do they get by making these firms bankrupt?’ concern,” he said.— Bernama. KUALA LUMPUR Banks have boon urged to "give a new lease of life” to ailing bumiputra entrepreneurs to restructure their loans instead of hastilyconcern,” he said.— Bernama. - 392 words
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173 1988-09-24 10 NST IPOH Lawyers will still tv allowed to conduct their cases in English in the High Court after Oct 1 when the ruling to use Hahasa Malaysia comes into force. A High Court spokesman said lawyers can apply to conduct theirNST - 173 words
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278 1988-09-24 10 KUALA LUMPUR Malaysian Chinese Association (MCA) president Datuk Dr Ling Liong Sik has expressed confidence that the government's post-1990 policies will not create uncertainties or surprises. Speaking at the opening of a furniture fair here, Datuk Ling called on local investors not278 words
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Article222 1988-09-24 10 KUALA LUMPUR Eleven former Umno members, who initiated the court action that led to Umno being declared an unlawful society, this week filed a new action against the New Umno president, the party's secretarygeneral, three newspaper organisations and two others. In the suit filed222 words
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96 1988-09-24 10 ments from his office. Bernama. PETALING JAYA Police have detained a lawyer who is believed to have used forged death certificates to help otherpeople withdraw about M$1 million (SJ760.000) of contributors’ savings from the Employees Provident Fund. The lawyer is believed to havements from his office. — Bernama. - 96 words
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406 1988-09-24 10 AP, AFP. MANILA The Philippine Defence Secretary said this week that US bases in the Philippines were nf greater security value than Soviet garrisons in Vietnam, and that Moscow’s call for a simultaneous troop withdrawal should be studied "very, very thoroughly".AP,; AFP. - 406 words
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255 1988-09-24 10 BANDAR SERI BEGAWAN Brunei has stopped Malaysians from Sabah and Sarawak from using emergency passports to enter the country, the Borneo Bulletin reported. A Brunei Immigration Department statement said the ruling, effective from Sept 1, was to prevent the emergency passports from being abused. The255 words
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140 1988-09-24 10 AP. MANILA A highly decorated, retired general named by President Corazon Aquino to clean up Manila’s graft-ridden airport has resigned because he said it was impossible to root out corruption there. “I left because I was dissatisfied with the system and I won’t goAP. - 140 words
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190 1988-09-24 10 AP. MANILA A navy commodore w ho caused a diplomatic flap by claiming Malaysia had annexed six Philippine islands has been fired. Commodore Juanito Cortez, commander of Naval District 6, was dismissed for "insubordination" after he told congressmen that Malaysia had effectivelyAP. - 190 words
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COMMENT/ Perspective
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Article, Illustration2154 1988-09-24 11 The detention of a number of Marxist conspirators, the expulsion of an American diplomat and the restriction of the circulation of two foreign magazines and a newspaper these issues have led to hollers of “police-state repression” by the Western press. However, not every foreign2,154 words
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COMMENT/ Pick of the week’s editorials
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Article596 1988-09-24 12 SFPT 24. 1988 ASK any official in the Ministry of Foreign Affairs anti he would reckon that the “watershed" in Singapore’s foreign policy was in 1979 That was the year Singa|>ore began to adopt a higher profile on the world stage. The passive foreign policy596 words
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Article634 1988-09-24 12 SEPT 23. 1988 SOME countries are fortunate enough to be endowed with natural resources which enable them to sustain a strong economy and a high standard of living. Singapore is obviously not one of them, but this has not prevented it from building an economy and634 words
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Article638 1988-09-24 12 SEPT 22. 1988 IT HAS taken Singapore leaders 12 years to bring Singapore-China relations to their present level of understanding and ease, and the country's new generation of leaders should continue to build on them. Prime Minister I.ee Kuan Yew said this on his current638 words
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620 1988-09-24 12 THE TOUTS TOUTS are getting a lot of bad press lately in Singapore. They deserve it. They are apparently getting out of hand with their flagrant toutings. They deserve to bo systematically weeded out for good through tougher action by those in620 words
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Article154 1988-09-24 12 “I do not believe that the future of either my country or my family depends on making wishes when blowing out candles or eating noodles. We set out to achieve it and we work night and day to achieve it.” Mr Lee Kuan Yew's reply when asked what154 words
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COMMENT/ Perspective
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Article, Illustration793 1988-09-24 13 TAN TARN HOW - By TAN TARN HOW in Jhe Sunday hmes SINGAPORE is set to have its first two non-constituency Members of Parliament in lawyer Francis Seow and Dr Siew Choh. The Workers’ Party, which rejected a seat offered to one of its defeated candidates after793 words
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Article, Illustration916 1988-09-24 13 ABBY TAN - Scandal hits anti-corruption agency By ABBY TAN Manila Correspondent THE Philippine government can cut its losses and press on with the job of recovering the wealth looted by expresident Ferdinand Marcos. So says Solicitor-Gen-eral Francisco Chavez, the man who set off an avalanche916 words
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1173 1988-09-24 14 After the elections: What others say Newspapers and news magazines round the world exited ed the People's Action Party to win the recent election and form the next Government in Singapore hut. in varying degrees, also expected the ()p|>osition to make inroads into1,173 words
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501 1988-09-24 14 THE controversial lawyer Francis Seow notwithstanding, it was Prime Minister Lee Kuan Yew who captured the media spotlight. Was Mr Lee ready to retire from the prime ministership? When would he step down? Did he have confidence in the younger leaders?501 words
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Article, Illustration624 1988-09-24 14 YANG RAZALI KASSIM: Jakarta - By By YANG RAZALI KASSIM: Jakarta Jakarta INDONESIA’S founding president Sukarno has been accused of being a communist in a controversial hook seen by his descendants as an attempt at blackening the name of the legendary leader. A charismatic orator and624 words
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Article, Illustration1310 1988-09-24 15 TAN BOON KEAN - Umno row has not affected confidence of investors By TAN BOON KEAN Huala lumptir THE lawyers, accountants and businessmen are again filling the city’s swank restaurants. Retail sales are buoyant. In the Bayan free trade zone in Penang, work goes on round the1,310 words
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Page 13 Miscellaneous
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Miscellaneous44 1988-09-24 13 Scenes of Malaysian life 7 S W V p W^m, Si> A w ri wl o o J*■rs&^ J""T 5* A A ft A #V* H" L cs>* B-g Tr iAui K t: O ft, i /t 1» iNi 11 V vW \l cSai44 words
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Page 15 Advertisements
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Advertisement731 1988-09-24 15 REACH SINGAPORE FROM HOME To advertise, contact our representatives below: MALAYSIA: The New Straits Times Press (M) Bhd 31. Jalan Riong, Kuala Lumpur ***** Tel *****44 Cable New Times Telex MA ***** Fax (03)*****34 SWEDEN: Mr Andrew Karmg Andrew Karmg Associates Fmnbodvagcn, 131. 31 Nacka, Sweden Tel *****0005 (6 lines)731 words
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TIME$
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Article4396 1988-09-24 16 TRANSACTION DATE: SEP 23, 19M Tel High Low Cod* Company 88 Last Sale orGr’s Y’ld Vol (’000) Day High Low Last Quota Buyer Seller 141 SECTION ONE INDUSTRIAL COMMERCIAL 95 t 1000 Acma 115 -2 09 11 115 115 115 116 AS 42 1001 Alcorn 694,396 words
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64 1988-09-24 17 THE day-to-day ST Industrial indices and daily turnover for the week: MONDAY: 1, «62.52 points (down 2.41); 11.52 m units (value $2«.31m); TUESDAY: 1, «39.95 (down 22.57); 1«.56m units ((35.57m); WEDNESDAY: 1,016.53 (up 6.58); 15.53 m units ($34.59m); THURSDAY: 1, «15.86 (down64 words
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Article51 1988-09-24 17 HONGKONG share prices yesterday finished almost unchanged after firming marginally in the afternoon on |>ositive results from a major property developer. The Hang Seng Index closed 1.46 off at 2,454.38 and the Hongkong Index eased 1.58 to 1,616.59. Turnover was HKS3II.BI million, against Thursday's HK5432.8751 words
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Article368 1988-09-24 17 Sept HKS Chjnfe Assoc Inti Hotels 2 80 •0 025 Bonlc 0* tost Asia 16 30 unch Capitol Corp 0 72 0 02 Cathay Pacific Ait 8 10 005 Cheung Kong China Light 7 10 IS 40 0 05 03 City Resources 1 I6N unch Cross Horb Tunnel IS368 words
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235 1988-09-24 17 Weekly sharemarket report KEMISIERS carried over their big yawn from the previous week as trading volume sank to Its lowest in almost six months on Monday, with only 11.52 million units valued at a mere $2«.31 million traded. News that the Republic’s total235 words
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Article150 1988-09-24 17 Friday report STOP-LOSS selling yesterday depressed Singapore prices across-the-board, in quiet trading. The result was a moderately lower close. The Straits Times Industrial Index lost 12.15 points to 1,033.71, while the broader Business Times Composite Index fell 9 74 points to ***** Although declines outpaced advances150 words
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Article106 1988-09-24 17 SHARE prices on the KI ALA M WPI K stock market dipped further yesterday in another dull session Taking its cue from the weaker Wall Street overnight, the market opened lower and throughout the day trading interest remained scant. All sectors of the market, blue chips106 words
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237 1988-09-24 17 Interbank Over the counter Foreign currency Local dollars to one unit of foreign currency Foreign currency to SS10 Australian dollar Canadian dollar N7 dollar Sterling pound US dollar 1.6020 —1 6048 1 6717- 1 6739 1 2542-1 2569 3 3967—3 4004 2.0395- 2 0405237 words
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372 1988-09-24 18 DAMIEN LIM - By DAMIEN LIM CONGLOMERATE Sime Darby Bhd's wholly-owned subsidiary Sime Darby Singapore Ltd is planning to be listed on the Stock Exchange of Singapore within the next year. Sime Darby Bhd is a Ma-laysian-incorporated multinational with core business activities in plantations, manufacturing, heavy equipment,372 words
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Article284 1988-09-24 18 Week ended September 16 Compiled by Business Times Final results Gross Group net Year to Company dividend prolii/loss (’000) Ayer Hdain Rub l/5(l/5) M$ 1.34 ($262) Mai 88 Bedlord (08a) M$ 19.6061 ($3 6491) Dec 8/ P A C Bank 1(0 8a) M$? 490i $2,292) Pec 8/284 words
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513 1988-09-24 18 ALTHOUGH Singapore '■ontinued to enjoy strong growth in exports last month, sharply higher imports brought its trade deficit for the first eight months of the year to $7 billion. This compares with the $5.5 billion deficit in the same period last year, which513 words
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Article, Illustration375 1988-09-24 18 SHARON LAU - SHARON LAU. UROPERTY tycoon Ng Teng Fong is rapidly expanding his hotel chain through new building and purchases. Market sources said the latest addition to he gathered under his Far East Organisation's wing is the smallish 61-room Queen's Hotel International at Mount375 words
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Article996 1988-09-24 18 Current Ei Book* Dal* Total lor Total lor payment date doe* payable the year laat year Alex Hldgi 6%lbl Aug 30 Sep 9 Sep 26 6% 6% Atlotlc Dev 2%, III Oct 12 Oct 26 Nov 21 2% 5% Aullrol Amol 15% Oct 7 Oct 21 Nov 8996 words
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Article, Illustration332 1988-09-24 19 LIM ENG HAI - Loss swells to $48.28m from $11.14m By LIM ENG HAI A MULTITUDE of problems hit Sim Lim Investments Ltd in the last financial year, sending the group’s bottom-line loss through the floor to $48.28 million from $11.14 million previously. At the pre-tax level,332 words
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Article308 1988-09-24 19 Managers' prices for September 24 26 Singapore Unit Trust The Commerce 0 96 10? I he Swings fund 0 84 0 90 Spore Pros fund 0 18 0 47>d Spore Sei fund 0 64 0 69 Spore Invest fund 0 68 0 73 Spore (gutty fund Asia Unit308 words
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451 1988-09-24 19 LlVf ENG HAI - LlVf ENG HAI. DOUBTFUL loans and bad debts have again weighed down heavily on Sim Lim Finance Ltd but help from industrial conglomerate Keppel Corporation is on its way. More than five months after its last financial year ended on March 31, Sim Lim451 words
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409 1988-09-24 19 EXPRESSING «grave concern” about the state of affairs in Sim lim Investments, the Stock Exchange of Singapore yesterday ordered the company to appoint three independent directors to look after the interests of minority shareholders. The SES was concerned that the company could409 words
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606 1988-09-24 19 NST. KUALA LUMPUR The level of interest-in-sus-pense, provisions for bad and doubtful debts, combined with high overhead costs, put a severe strain on Malaysian banks’ profitability despite widening interest margins. The chairman of the Association of Banks in Malaysia (ABM INST. - 606 words
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168 1988-09-24 19 RETAILER Robinson and Company Ltd has reported a 31.1-per cent rise in group pre-tax profit to $7.6 million for the financial year ended June 30, showing that it can hold its own despite stronger competition. Robinson, revamped under Chief Executive and Managing Director Alan French168 words
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FORUM
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1028 1988-09-24 20 ON THE GENERAL ELECTION I AM writing to share my thoughts on the comment by the First Deputy Prime Minister, Mr Goh Chok Tong, that the People’s Action Party believed it had lost sizeable Malay votes in the recent General Flection. and1,028 words
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598 1988-09-24 20 ON TAXES AND OVERSEAS JOBS I WRITE to highlight the unfavourable taxation consequences of a Singapore resident going on an overseas posting. I shall shortly he leaving Singapore to take up a short-term secondment overseas. In preparation598 words
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308 1988-09-24 20 I WOULD like to congratulate Mr Goh Chok Tong for leading his team to a decisive victory in the General Election. With this mandate and support for his style of government, Singapore should be able to move confidently into the next308 words
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332 1988-09-24 20 0N CPF FOR EDUCATION I AM a true Singapore permanent resident. I am writing to draw the attention of all, especially the Singapore Government, to a particular situation, in the hope that the McWMty action Is taken before it is332 words
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Page 20 Advertisements
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Advertisement96 1988-09-24 20 Dear Overseas Readers THE Straits Times welcomes tetters from you. Your letters must include your signature, full name, address, and home and office telephone numbers, if any. They should preferably be typed, double-spaced, on one side of the paper. You may add a pseudonym if you wish. But we would96 words
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Page 21 Advertisements
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Advertisement857 1988-09-24 21 APPOINTMENTS COMMERZBANK (SOUTH EAST ASIA) LTD. A Merchant Bank in Singapore with its rapidly expanding business wishes to appoint an energetic professional for the position of Assistant Credit Marketing Manager Qualifications Experience A recognised Degree in Accountancy, business Administration or U onomk s and at least 5-years experience in marketing857 words
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Page 22 Advertisements
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Advertisement756 1988-09-24 22 APPOINTMENTS FINANCE MANAGER (ABOVE SsBo,ooo PER ANNUM) A U.S. based manufacturing company with considerable investment in Singapore is looking for a suitable candidate to join its management team. Applicants must possess a Degree in Accountancy or equivalent with at least 8 years of working experience of which no less than756 words
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TIMESPORT
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410 1988-09-24 23 JOE DORA - MALAYSIA CUP: Singapore 5 Negri Sembilam 0 By JOE DORA! SINGAPORE qualified for the quarter-finals of the Malaysia Cup soccer competition with a convincing 5-0 victory over Negri Sembilan before more than 11,000 fans at the National Stadium on Sunday night. In doing so,410 words
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320 1988-09-24 23 ual superiority. JOE DORAI - TRENGGANU 0 SINGAPORE 2 ual superiority. JOE DORAI. KUALA TRENGGANU A double celebration was in order for Singapore after their impressive 2-0 Malaysia Cup soccer triumph over Trengganu before more than 15,000 fans at the Sultan Ismail Nasiruddin Shah Stadium here320 words
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Article193 1988-09-24 23 P W D L F A Pt KL (2) 13 10 2 1 35 8 32 Singapore (3) 15 7 6 1 28 5 30 Kedah (8) 14 7 5 2 23 7 26 Kelantan (7) 14 8 1 5 27 13 25 Sarawak (14) 15 6193 words
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Article38 1988-09-24 23 SATURDAY Koala Lumpur 0 Penang 1 SUNDAY Johor 1 Trenggann 1 Sarawak Pahang Singapore 5 Negri MONDAY Selangor 3 Malacca 1 FRIDAY Selangor 3 Sabah Kedah 2 Perils Treagganu Perak i* Singapore Bninc 2 238 words
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185 1988-09-24 23 OTHER MATCHES the quarter-finals Bemama ALOR STAR Kedah further strengthened their chances for a quarter-final berth in the Malaysia Cup when they defeated Perlis 2-0 at Stadium Darulaman last night. The hosts scored their first goal in the 39ththe quarter-finals — Bemama - 185 words
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Article104 1988-09-24 23 ON THE RACETRACK IPOH “Banned-fer-life” Juckey Edward Chan, who won a temporary court reprieve last week, resumed race-ridiag last Saturday aad scored oa his only mount of the day, tagChan, 42, returned to the saddle after he obtained a Penang High Court order restraining the Malayan Racing104 words
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OLYMPICS ’88 How we fared
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Article, Illustration159 1988-09-24 23 YEN, he was disqualified from the 400 metres individual medley competition yesterday. But swimmer Desmond koh did not exactly sink, and neither is he telling the world that he has committed a sin. The Lvyear-old haby of the Singapore team, who is making his Olympic dehut, decided159 words
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Article, Illustration514 1988-09-24 23 GODFREY ROBERT - SWIMMING By GODFREY ROBERT: Dateline Seoul ON A quiet morning, marked only by American Matt Biondi’s 100 metres freestyle Olympic record, Singapore swimmers Ang Peng Siong, Oon Jin Gee and David Lim made silent exits after the heats on the fifth day514 words
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Article30 1988-09-24 23 MALAYSIA’S South-east Asia (iames mul-ti-gold medallist Nurul Huda Abdullah finished third in her 2(Kim freestyle heat and was overall 27th out of 44 swimmers in 2:14.85.30 words
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137 1988-09-24 23 EXHIBITION BOWLING SINGAPORE’S Jack Wong stumbled at the last hurdle and had to settle for second place in the exhibition bowling event of the 24th Olympic Games at the Royal Bowling Centre in Seoul. Jack, who has been bowling brilliantly over the137 words
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Article60 1988-09-24 23 SINGAPORE’S Khatijah Surattee finished a poor 36th out of 37 competitors in the women's air pistol shooting final. Khatijah, who had a bad patch between the end of the second stage and midway through the third of four stages, totalled 351 out of 400, 39 shots60 words
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Article, Illustration467 1988-09-24 24 Move to encourage companies expand abroad THE alternate chairman of the Economic Development Board. Mr Chan Chin Hock. 55. who is based in New York, will lead a new specially-formed unit to help local companies expand overseas and eventually467 words
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196 1988-09-24 24 HOW much an architect earns cropped up in the s|H*eches by Second Deputy Prime Minister Ong Teng Cheong and the president of the Singapore Institute of Architects (SIA) at the institute's annual dinner and dance last night. Referring to the Prime Minister's comment196 words
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86 1988-09-24 24 PRIME Minister Lee Kuan Yew returned to Singapore yesterday evening after a nine-day official visit to China at the invitation of the Chinese government. He was accompanied on his trip by a 23-member delegation which included Mrs Lee; Dr Yeo Ning Hong, the86 words
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Page 24 Advertisements
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Advertisement6 1988-09-24 24 Nikon Tho Wortd't Flnott Photographic Syatom6 words
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Page 24 Miscellaneous
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Miscellaneous44 1988-09-24 24 SUN TAN By Collette JuSTUxXtTTHe STATf OF TH/5 to6#-fiOOKS, vMPtns Toys, OoTnes, Food All .ovtttwruwe.'.. y k«y cant You pur THIN&I Au/Ai rn£U You've FIUISH€D I'M &0M( TO UU tvetyrm*fA&in TOM onAcul BUT I HAVE* T FMi»£D ygr-i <9 a a o. ■ZZSsM* 49’44 words
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